Monday, July 26, 2010

Crawford: "Will Capitalism survive?"

Peter Brimelow cites an Arch Crawford newsletter, highlighting dire predictions for the financial markets (link). For those unfamiliar with Crawford, he goes way back, having been trained as a technical analyst, Crawford uses astrology as his primary tool.

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"Astrologers call it the 'Cardinal Climax.' It is considered to be the most powerful and important planetary alignment of the modern era. Perhaps it heralds the beginning of the real 'Aquarian Age' or the end of the 'Mayan Calendar.' (After all, what's a few months in a 25,600-year cycle?) These energies actually maximize from July 30 through August 3. There have been 'shadows' preceding and will be echoes afterwards for quite some time."

Crawford adds: "This huge alignment will be followed by a Full Moon on the Fall Equinox and a Lunar Eclipse on the Winter Solstice. We expect the depth and scope of dislocations during this period to exceed anything we have ever witnessed, both in otherwise civilized interaction among nations, and likely our fill in natural disasters."

"We continue to recommend extreme caution and proper emergency measures such as extra food, water, medicines and cash over the next 24 months in particular. Do NOT wait any longer!!"
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The period starts today, and the last quoted paragraph extends the warning period for two full years. Crawford is reported to be 200% short [stocks].

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