Russian Expert: World to see end of US economic hegemony

The world will soon be witness to end of US hegemony in economy, an expert told Russian Today Saturday.

Kevin Zeiss, an expert in economy, said at present the US economy was undergoing its worst conditions and the administration’s measures could not save it.

“Many experts, even Noble laureates in economy, hold that that US government must resolve joblessness however it has focused all its efforts on budget deficit,” he added.

“(US President Barak) Obama takes consultations from those individuals who themselves are to blame for the economic woes,” he said, adding that given the conditions continue, the world will be witness to end of the US hegemony in economy.