reply to post by malcr
To be fair it's Mr Lombardi that made the May 2, 2011 prediction, we just brought it to the attention of ATS.
To recap what he says:
He claims that China, Russia, Brazil, Arab Gulf oil states, and Japan, among other countries have made a secret deal to announce on May Day May 1,
2011 that they will no longer trade oil with US dollars, and these countries will start dumping the dollar. He claims the stock market free fall of
2008 will occur with currencies May 2, 2011. He claims that China has lost upto $100 billion in savings since the 2008 collapse and they don't want
to loss anymore wealth, so they will cut ties with the dollar.
Mr Lombardi then claims that US MSN has not reported these things to the American people, however ATS member Obe1 has proven this part to be false as
the MSN in the US has indeed reported this:
reply to post by OBE1
Mr Lombardi then claims after these announcements our dollar will lose value and that goods from China and oil from OPEC will cost us more leading to
a crash of the stock market and the return of 1970's gas lines and shortages based on the dollar losing value.
He claims that China's banks are going down the same road that US banks did by giving anyone a lone for housing, and since China has a huge surplus
of housing and since the Fed is printing huge amounts of dollars that this is having adverse affects to its inflation rate in China. He claims that
in less than 6 months the average Chinese worker will not be able to afford the basics to live much less there mortgages. The Chinese are blaming
there high inflation rate on the US for printing so much money.
Mr Lombardi goes on to say that even if China doesn't do what he claims they will do, that China's economy will implode by summer of 2011. He
claims that the crash in 1987 started in Hong Kong and worked it's way around the world, he also claims that this crash was all about other countries
attempting to manipulate the US dollar.
He then goes into his sales pitch and at this point my eyes glaze over and his words sound more like the teachers voice on the Charlie Brown
Now at this point these secret deals don't seem very secret to me as news reports from all over the world including the US are plentiful. What
doesn't make sense to me is that all the economy's in the world are connected, and if the dollar does collapse it would be devastating to all.
So we don't have long to wait.