Financial Oracle Warns of a Deeper Global Financial Crisis

Las Vegas, NV, June 22, 2009 – IIM think tank announced today that Med Yones, the renowned financial expert who predicted the current global financial crisis, 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 financial crisis with great accuracy, while top financial firms 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 an increased debt, ineffective stimulus package and bailouts, accounting manipulations, and false investors’ confidence rather than real production growth. The 12 Trillion dollar question that no one is asking is: Who Will Bail Out the Bailout? Who will bail out the almost 700% Debt-to-GDP ratio, that is the real figure if you take into consideration the uncalculated government liabilities of about 60 trillion dollar from the underfunded social security, Medicare, military and government pension obligations. This time we are warning the government that the continuation of the debt-driven bailout and stimulus policies could bankrupt the US as early as 2015." In the next few years, American tax payers and national and global 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. European, Latin and Asian economies that follow similar US policies and do not decouple from the dollar will suffer the same fate”.

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.

About Med Yones
Mr. Yones has been called the financial 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 financial crisis you can visit the original financial predictions 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

International Institute of Management (IIM)
10161 Park Run Dr, Suite # 100
Las Vegas, NV 89145
USA

This release was published on openPR.