Destiny and Free Will Bi-weekly Column
 
The Mystic Twins
Scott Petullo and Stephen Petullo

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June 18, 2010
 
Subject:
2016--2018: Start of Major Financial Calamity
for World’s Economies

Could the U.S. and the rest of the world be
headed for a dire financial crisis, one that
could even dwarf the most recent economic
downturn, which is considered to be the
worst since the great depression?

Although we mostly avoid mundane
predictions such as international policy/
economic concerns and earthquakes, and
focus instead on private individuals and
business consulting, since the late 1990s
we’ve repeatedly noticed distinct, extremely
off-putting cyclical timing patterns (negative
or positive extremes are easy to spot) in the
comprehensive charts of countless
individuals and entities that alert us to a
specific period of time in the future.

We’ve been saying for years that we believe
the period of 2016-2018 is the start of an
overwhelming financial crisis, possibly much
worse than the 2000/2001 stock market
collapse, and the 2008/2009 credit crisis.
2016 appears to be the peak of the financial
markets and economic escalation, with the
giant reverse beginning as early as 2016
and as late as 2018, but more likely as late
as 2017.

An aside, from our perspective it’s much,
much easier to assess financial prospects
of individuals versus financial markets,
corporate entities, entire economies, etc.;
during economic calamities some individuals
fare worse than others, and the degree is
reflected in the patterns of their unique
comprehensive charts including the checks
and balances of our systems of analysis.
The red-flagged time-frame of 2016—2018
has appeared over and over in so many
charts that we have to bring it to your
attention.   

Please note, to be taken seriously, in our view,
any professional making mundane predictions
must list all public predictions—the ones they
got wrong and right, on their website. No one
is 100% accurate, but there must be a clear
record of their successes and failures.
Unfortunately, highlighting the hits exclusively
and fabricating the successes is all too
common in the professional psychic industry
(and financial investment industry).

Our view is that there will be temporary
downturns during the next major long-term
upswing in the financial markets, which we
believe will start as early as late 2010. By late
2011, the U.S. financial markets will have
begun a dramatic, long-term escalation, but
of course you will see occasional, now-
common, heavy volatility along the way. 

If you find yourself asking from 2011 through
2015 if a particular financial markets’ correction
is the culminating collapse that will finally lead
to feasible government policies (unlike the
current ones) being put into action, it won’t be.
You’ll know when the concluding crash
happens and you won’t have to ask. It will be
that big.

We believe that between 2011 and 2016-2018
will be known as the roaring teens period for
the financial markets (especially the U.S.
markets), and thus for the world’s major
economies, and that many people will forget
about the fact that booms frequently end in
busts, especially when the foundation of the
recovery is built on unsustainable economic
policies.

What will cause the disaster in 2016--2018?

What’s currently happening in Greece may
foretell the imminent. The Greek government
has been spending and borrowing way
beyond its means for years, is being
suffocated by debt, and is all but bankrupt.
25% of the Greek workforce are government
employees and many have fat pensions and
full retirement benefits: 14% of Greeks are
government early retirees (at age 50 for
women and 55 for men), with the average
retirement age of 61. Unfortunately, too many
Greeks have become used to excessive
government entitlement programs and since
such programs have to be downsized to deal
with economic reality, they are outraged.

Why Greece Isn’t Really Saved

Although many financial experts are now
saying the Greek Tragedy has been averted
with a financial rescue plan by the International
Monetary Fund and the European Union,
Simon Black, Senior Editor of the website
SovereignMan, says,

“...anyone with two brain cells to rub together
recognizes that Europe’s economic woes
cannot be contained with more paper m’oney...
and now the problem just became $1 trillion
worse.”

“Battling back from an economic crisis requires
hard work, savings, and minimal disruption
from the government. There’s no magic pill,
entitlement program, or paper m’oney bomb
that will suddenly make things better.”

“Instead, governments should be curtailing
social benefits that encourage people to be
lazy, while simultaneously stripping taxes to
the bare bones in order to give entrepreneurs
and investors the proper motivation to work
hard, take risks, and hire employees.”

“These things are not happening, nor will
they ever happen in the foreseeable future.
And so, backed by Europe’s trillion dollar
pledge, Greece will likely go back to business
as usual... spending m’oney that it doesn’t
have, and making its problems exponentially
worse.”

The U.S. is on the Same Path

Even though the European debt crisis may
appear to be under control by the end of 2010,
it’s to be expected that Europe, including
Greece, America, and Japan are heading
for a financial brick wall with government
spending and regulations out of control and
funny-money solutions. The causes of
previous financial crises mirror how
politicians are handling the problems now,
which will only serve to create the next crisis.

Although the overall message we relay here
isn’t very optimistic, everything is cyclical, and
there will be more prosperous times after the
coming financial catastrophe we speak of. We
believe that the U.S. won’t cease to exist for at
least another 200 years, and the U.S. will likely
shock many with its resiliency and subsequent
economic triumphs.

The root (or at least a major part) of the next
financial calamity, as outlined above by Simon
Black, now seems obvious. It is clear to us that
the world’s governments will not have the
foresight or ability to act and change the path
we’re on until after the next huge disaster.

Just keep this in mind when the financial
markets are soaring in the upcoming years:
When things look too good to be true,
remember that they usually are. Capitalize
on the trends, but avoid excessive risk.
 
 
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In Light,

The Mystic Twins
http://www.mystictwins.com

Scott Petullo
http://www.scottpetullo.com
 
Stephen Petullo
http://www.holisticmakeover.com
 
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