Editor and publisher of International Forecaster, Robert Chapman, shared his bleak financial predictions. The global elite, pushing for a "one world government" are "deliberately destroying the American economy," he said, and he believes they are accelerating their timetable because more people are becoming aware of their agenda.
Chapman foresees the real estate market taking a severe downturn, with housing on the average being worth 35% less than its current value. While the Dow may be manipulated into rising to 13,000 t0 14,000 before the election (to help the incumbent), within a year it will drop down to around 7,000 and could eventually sink as low as 3,000, he said. The time frame for this severe depression is around 2006-2007, he noted.
He advised people to get rid of debt, and to get out of the stock market before the election. Safe investments he mentioned were in Euro-based treasury paper and gold and silver.
Bumper music from Wednesday May 26, 2004