http://biz.yahoo.com/rb/040225/economy_greenspan_12.html
Greenspan warned a major budget crunch looms as early as 2008 as tens of millions of Baby Boomers, born after World War II, begin to qualify for early retirement benefits.
"This dramatic demographic change is certain to place enormous demands on our nation's resources -- demands we almost surely will be unable to meet unless action is taken," he said. "For a variety of reasons, that action is better taken as soon as possible."
http://www.elitetrader.com/vb/showthread.php?s=&threadid=19167
Greenspan warned a major budget crunch looms as early as 2008 as tens of millions of Baby Boomers, born after World War II, begin to qualify for early retirement benefits.
"This dramatic demographic change is certain to place enormous demands on our nation's resources -- demands we almost surely will be unable to meet unless action is taken," he said. "For a variety of reasons, that action is better taken as soon as possible."
http://www.elitetrader.com/vb/showthread.php?s=&threadid=19167
Quote from harrytrader:
According to Dr. Johannes B. Koeppl in an interview for the independant newspaper fromthewilderness terrorism is just a pretext for a planned "open world dictatorship" within 5 years :
http://www.fromthewilderness.com/free/ww3/zbig.html
Dr. Johannes B. Koeppl, Ph.D. a former German defense ministry official and advisor to former NATO Secretary General Manfred Werner. On November 6, he told FTW, "The interests behind the Bush Administration, such as the CFR, The Trilateral Commission - founded by Brzezinski for David Rockefeller - and the Bilderberger Group, have prepared for and are now moving to implement open world dictatorship within the next five years. They are not fighting against terrorists. They are fighting against citizens."
This will lead to 2008 and it could just coïncide with the last stock market bubble I told you it could happen around that time according to my model with a target of 16000 (at the moment of calculation for Dow Jones). This is coherent with the beginning of demographic inversion curve and historically from fundamental point of view stock market has always followed demography.