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> I predicted the 2008 crash > In August 2006, I reported that a collapse of the global banking system would take place in 2008 due to a complex convergence of
by AlexErrant 2y ago
> I predicted the 2008 crash
> In August 2006, I reported that a collapse of the global banking system would take place in 2008 due to a complex convergence of financial and energy crises. My source for this revelation was a sensitive interview with a senior advisor to the US Department of Defense, with extensive access to the US military, intelligence and political establishment. “The source… said that leading US financial analysts privately believe that ‘a collapse of the global banking system is imminent by 2008,’” I wrote at the time.
So it wasn't his prediction - his un-named source predicted it...
It's literally in quotes, i.e. not his own words. So he could easily deny it being his prediction. But since it came to pass, he gets to claim credit...
- karmakurtisaani 2y agoI trust that he made millions betting against the market back then.