Jack gave me this prediction tonight and it really scares me, since Jack was exactly right about the 2008 market collapse.
"There will be another market catastrophe in the summer. The markets will fall to 6000 I am told. After this, there won't be much of a market move until 2018. People should look to other investments."
The following prediction about the 2008 collapse was given to me from Jack in 2007. It is printed in BEACONS OF HOPE.
The economy in America - this must be watched as much has artificially been moved higher by forces not known by the majority in public, who think all is well in America. The country needs to get itself out of this tide of materialism and it will because the economy will shake and shake violently once perhaps before Christmas and more after. Many will lose much money, if not all and then will be in the same boat as the poor disenfranchised brethren, a Bobby term. The Stock Market will be down to 10,000 maybe 9,000 before the New Year. It could make a move down to 7000. There will be a depression coming to the nation as bad or worse since 1929. And, woe to the dollar this year; it will collapse like a house of cards. This will really help people focus on what is right in this world and that is tendering, taking care of the spiritual side of man, not the materialistic side of man. Through this back to nature mentality people will become more peaceful and less violent and it will help usher in the new age eventually. This economic collapse will also cause Americans to be innovative once again and to create new and different industries and jobs. Eventually all will get better in three to five years. People will finally demand changes to many things from those in Congress. There will be many changes in the next five years such as there were in the Sixties. This will be a predecessor for the shift. When this economic collapse, not downturn, but collapse comes and many, the so-called elite, are without shelter or money or stocks they will need help. They will feel the pain of the poor souls in the streets tonight, many who shiver with fear and wait for a redemption that has not and will not come. Why can’t rich men help these people? Why, with all the money the nation wastes can’t we help them? I cry and you feel my pain now. Yes, Jack, I do. Please understand that the creator has decided on a karmic path for the USA. Many must experience economic pain because of the fact they have denied help to others. And, this in a way will be beneficial and the homeless ranks will grow and may even be larger than during the Depression. There will be people migrating around the nation everywhere in search of financial help and don’t count on the banks to help you. They will not! Only Uncle Sam can step in and save the poor whose numbers will grow. So, Americans must ask themselves next time you pass a poor beggar on the street do not shift your eyes away, look him or her in the eye and say hello, or good morning and give them something, anything will help. This will spread outward and eventually if all men did this, peace would reign. Peace is multi-faceted and not just a summit at the UN between nations. Nations must heal themselves before they can heal the world and America is in need of some healing. Time is running out. The creator is disappointed in this nation now. People are so into themselves and their bogus lifestyles and I say bogus because a lifestyle can only be real if it includes giving to other people on the planet.