DISCLAIMER: I am just writing what is mentioned in that video and sharing some points which i thought will be useful for long term investors. Contents are not confirmed by me and hence if any losses or profit occur due to this, i won’t be liable for the same. Please read disclaimer section for more details.

I was reading all possible blogs on the internet available for US economy on which rest of the world is dependent at least now. I found very very critical thought given by Mr.  Michael Lombardi regarding catastrophic failure in US economy within next 180 days and that will be very very bigger than what happened in 2008 and at the time of Great Depression in 1930 era.

The data suggest that Michael’s last five predictions were 100% right and hence its very true that this may be 90% right.

Here are the some points about that video.

• Something very big will happen in America within the next 180 days.
• It will be more devastating than the credit crisis of 2008.
• It will touch Americans harder and deeper than anything else we’ve seen since the Great Depression.
• He told to invest in GOLD in 2002 when gold was at $300 per ounce and which is trading at $1600 to $1900 now. almost 6-7 times returns
• He advised his reader to exit House market in March 2006 and after that US saw the worst housing market recession and price depreciation.
• He predicted in 2006 December saying “the U.S. economy would be in a recession in late 2007″
• Then…at the depth of the dark days of March 2009, I sent an e-mail alert to my thousands of readers and told them to “jump into the stock market with both feet. “
• “The U.S. is technically bankrupt.”
• Today, what do we have in America to carry us into the next boom? Nothing. The Internet isn’t creating jobs. Manufacturing, it’s gone to Mexico, India and China. I doubt George Washington ever envisioned a future where Americans would be suffering so much. It’s embarrassing, but true: Over 44 million people in this country are using some form of food stamps! (Source: National Inflation Association)
• How does the government and an economy deal with inflation? Inflation is dealt with via higher interest rates. Mark my words: The artificially low interest rate policies of the past few years will come to hurt us in the form of hyper-inflation and sharply higher interest rates.
• If the current bear market rally follows the same path as the bear market rally of 1934 to 1937, we have about five to six months left before the next phase of this bear market gets underway, ultimately bringing stock prices below their March 2009 lows.
• GOLD Price will reach $2250 per ounce
• Greece, as you know is bankrupt. Spain is next. Italy is not far behind.
• Inflation will become a real problem in America. That can’t be solved without hiking interest rate which they can’t afford to do.
  
•   Stock market will go below march 2009 levels and that crisis will start anytime within next 180 days.

Note for Indian Market

• Indian Central bank (RBI) is continuously hiking interest rate  and that is the right way to tackle the inflation as per his email and prediction. But as indian economy is still facing a problem of inflation that is mostly due to FOOD Inflation which is not coming down after good monsoon season.
• But what i can see is the reason behind high Inflation, If you will go back to 2004-2005 years when we had a era where only one person from the family was earning and other were just using that money to have all household expenses and entertainment expenses. That had forced family members to put limits on the monthly budget. But now things are totally changed. If you will see out of 4 at least 2 members are earnings from the family and that had helped members to get extra earning power. Even in metro cities like Mumbai, Delhi etc… mostly all members are earning and hence they can afford any rate for anything. Look at that villagers in states like Punjab, Gujarat, Maharashtra where they are getting lot of black money for their lands. I am aware that in Punjab and Gujarat, farmers are getting 80-100 lac for one acre of land and they are sitting on lot of back cash (though politicians are putting those money into market ). They also can afford to have double expense. Stats which are having high populations and less earning members like bihar, UP and eastern stats are facing that issues.
• Indian economy will get hit by this US crisis and stock will crash. But will rebound very sharply and that will be a growth of new super power like china and india. But that will take atleast 2.5-3 years to have a better recovery.

You can read or see video here:
http://www.lombardidigital.com/lcpa-aug23a/index_ca.php?sb=PRWEB1