The following is from the Jan. 6, 2016, edition of YAHOO! Finance.
January 7, 2016
Ravi Batra, author of End Unemployment Now: How to Eliminate Joblessness, Debt and Poverty Despite Congress, has made a career out of making accurate forecasts. He claims an over 90 percent success rate in his predictions that seem to be borne out by what he has written in the past. For instance, in two books penned in 1978 and 1980, he foresaw the fall of Soviet communism before the end of the century, a forecast that earned him the medal of the Italian Senate in 1990.
In another book published in 2006 and noted for its predictive accuracy, The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos, he made forecasts for the next 10 years. He prophesied a very deep recession starting in 2007, along with a lingering malaise and stagnation at least till 2016. The title of this book says it all. He also foresaw the Bush and Obama bailouts along with a giant increase in federal debt. Regarding oil, he predicted a continuing bubble that would crash after 2012. It seems everything he said or wrote in 2006 has come true.
What is in store for us in 2016? That is where his new book, End Unemployment Now, comes in. "2016 is going to be a year of the climax," says Batra, an economics professor at Southern Methodist University in Dallas. "It will be a year in which a revolution begins against the rule of money, leading to economic reforms by 2018. After that a golden age starts and is in place around the end the decade."
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