"Europe will suffer very much – it will shrink economically. They already have debts over 100% of GDP. They will borrow more - I don’t know, though, who will give them. They will lose markets forever. It is impossible to say in two years - okay, we are coming back to you. This war, of course, is between the United States and Russia, but it is also a war between the United States and Europe, because there will be a flight of capital to America from Europe, a flight of brains and so on. America will prolong its existence by threatening Europe. Naturally, the niche of Europe will be taken by China, the same Russia and other so-called developing countries. That is, there will be a gigantic redistribution of the world."
January 1, 1970
https://en.wikiquote.org/wiki/Oleg_Matveychev