Who Predicted the
Financial Crisis
Following the News of Financial Prophets
Who Predicted the Financial Crisis
What did they predict? and what are they predicting
now?
Financial Oracle, Med Yones, Who Predicted the Crisis,
Warns of a Deeper Global Financial Crisis
Med Yones, the renowned financial expert who predicted
the current global financial crisis, will be talking to
a group of the world’s richest investors at the
exclusive Campden Investment Workshop taking place on
June 23 & 24 in Geneva, Switzerland. "In Jan 2007
our forecasting model predicted the financial crisis
with great accuracy, while top financial firms and U.S.
officials were blind sighted by it. In late 2008, when
gloom and doom were the general consensus, our
forecasting model revealed the economic decline will
bottom in 2009 and we will see a modest recovery in
2010, again we were right”- said Med Yones, the
president of the think tank. “Unfortunately, this time
our data shows that the current recovery is not driven
by a healthy economic growth. Instead it is based on an
increased debt, ineffective stimulus package and
bailouts, accounting manipulations, and false investors’
confidence rather than real production growth. The 12
Trillion dollar question that no one is asking is: Who
Will Bail Out the Bailout? Who will bail out the almost
700% Debt-to-GDP ratio, that is the real figure if you
take into consideration the uncalculated government
liabilities of about 60 trillion dollar from the
underfunded social security, Medicare, military and
government pension obligations
Financial Oracle
Who Predicted the Financial Crisis Gives Another Warning
This time we are warning the government
that the continuation of the debt-driven bailout and
stimulus policies could bankrupt the US as early as
2015." In the next few years, American tax payers and
national and global investors will have to pay the price
either by raising their taxes, defaulting on national
debt, declining US dollar value and/or a hyperinflation
tax. European, Latin and Asian economies that follow
similar US policies and do not decouple from the dollar
will suffer the same fate
Financial Oracle, says
the
recession will end with a period of stable (flat)
economic activities
A modest and
slow recovery can start sometime in 2010. The recession
will end with a period of stable (flat) economic
activities. The timing of the recovery is dependent on
the effectiveness of Obama’s policies. All economic
predictions are subject to a set of key variables. The
two most important variables for the aforementioned
timing are:
-
The competitiveness of the U.S.
business environment (investment attraction via
lower taxes, improved confidence, lower cost of
doing business including healthcare, etc.) and;
-
The health of the U.S. innovation
and entrepreneurship engine. The only hope for
reversing the negative cycle is in the creation and
development of new innovative and globally
competitive industries. The first recovery from the
great depression (post-war recovery) was driven
mainly by the new auto industry. The second recovery
from the 1980s crisis was led by the information and
communication technology (ICT) industry, this time
it is the same. The U.S. needs to invest in or
develop a new industry that will lead the recovery
by increasing wealth and creating jobs. The timing
of the recovery might be delayed if the U.S. engages
in another war or implement more flawed
socioeconomic policies.
Financial Guru Sees
Recovery in 2010
Financial guru sees recovery in 2010
Financial Prophet
Forecasts Decline bottom in 2009
Financial oracle sees the bottom of real estate decline
in 2009 Financial
Experts News Financial expert forecast recovery of
residential real estate decline in 2011
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