Economic Oracle Warns of a Deeper Global Economic Crisis

June 21, 2009 - PRLog -- Las Vegas, NV – IIM think tank announced today that Med Yones, the renowned economic expert who predicted the current global financial and economic crises, will be talking to a group of the world’s richest investors at the exclusive Campden Investment Workshop taking place on June 23 & 24 in Geneva, Switzerland.

"In Jan 2007 our forecasting model predicted the economic crisis with great accuracy, while top economist and U.S. officials were blind sighted by it. In late 2008, when gloom and doom were the general consensus, our forecasting model revealed the economic decline will bottom in 2009 and we will see a modest recovery in 2010, again we were right,” said Med Yones, the president of the think tank. “Unfortunately, this time our data shows that the current recovery is not driven by a healthy economic growth. Instead it is based on increased debt, stimulus package, accounting manipulations and false investors’ confidence rather than real production. Unemployment, trade and budget deficits, housing and consumer loans delinquency numbers will continue to rise, while national income tax will be reduced by as much as 40%. The effect of Bush’s and Obama’s policies was to soften the decline and delay the crisis; however a higher price will have to be paid in the next few years. This time we are warning the government that the continuation of the bailout and stimulus policies could bankrupt US as early as 2015. In the next few years, American taxpayers and investors will have to pay the price either by raising their taxes, defaulting on national debt, declining US dollar value and/or a hyperinflation tax. Economies that follow similar US policies and do not decouple from the dollar will suffer the most.”


About Med Yones
Mr. Yones has been called the economic oracle due to the accuracy of his economic predictions and their timing. He is quoted in worldwide media on the topic. To learn more about the unfolding crisis you can visit the original economic prediction report for 2007-2017 at: http://www.iim-edu.org/u.s.economyrisks/

The updated 2010-2020 economic report will be available online in July/August 2009 at the CEO Quarterly Magazine website http://www.ceoqmagazine.com/

Analyst/Media Contacts:
USA: Manuela Moeller
Europe, Middle East and Africa: Linda Kimeisa
North & Latin Americas: Bohdana Hevierova
Asia & Australia: Tetyana Chernykh

For interviews, please contact us at Tel: +1.702.515.7447 or media2(at)iim-edu.org

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About IIM:
International Institute of Management (IIM) is a management best practices research and education institute based in Las Vegas, NV. IIM has 41 universities and research partners in 16 countries. IIM leverages a global knowledge network to provide government and business leaders with the latest and most advanced strategic thinking.