He said 2008 would be a major crash, but he says 2016 will be even worse. He said wal-mart will be the new Saks Fifth Ave. Pretty much a doomsday scenario.
He is just following the basic business cycle. Recession about every 8 years. He just keeps saying the next one will be bigger, and it will go on, and on. He makes money on this type of thing. He is an economic fire and brimstone apacalyptic preacher.
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