I WOULD LIKE TO BRING THREE IMPORTANT FACTORS TO YOUR ATTENTION:
1. GREAT CRASH IN WORLD STOCK MARKET INDEXES - Once again I am waiting for the occurrence of a major crash of all markets, which is now not very far. Nature’s wave is gradually trying to grasp it and pull it down to where no one can come forward in its support. The crash will render a lot of people bankrupt and many will go into depression. Major banks and financial institutions as well as funds will close down overnight. People will queue out side of these luxurious offices and demand a refund of their hard earned money. The USA and EUROPE will be the worst hit by this crash. Though the Asian markets will also be severely affected, they will survive. Please note that my intention is not to scare anyone; I am merely exercising my duty to warn you.)
2. BURSTING OF THE HOUSING BUBBLE – A few years back I predicted a great rise in property prices in the USA and Britain. The period for thriving is now over and we are very close to the bursting of the housing bubble. After this, we shall not see the current valuation for next 29 years. This burst will have an immense negative impact on the banking/financial industry. Due to several reasons some of which I am mentioning in this letter, there will simply be no buyers for properties.
3. CRASH OF THE VALUE OF THE US DOLLAR AND EUROPEAN CURRENCIES - Any time from 2006, a big crash of the value of the US Dollar will occur. The value of money will plummet by up to 90%. This will be like a revolution in itself and it will be very interesting to watch what the role of the government and the Federal Reserve will be. The melt down in the value of various currencies will be a clear sign of inflation but the question is ‘who will have any buying power?’ The situation will be combination of inflation, deflation, recession and depression, a phenomenon I choose to call "slepplession".
Seltsam nur, daß er zur Zeit den Dollar so lobt...:-)
Grüße
woody