Kondratieff Winter.
Beginning of Hyperinflation
Hard Cash Investor Walter K. Eichelburg Sees Hard Times (Part 1)
By Florian Godovits
Epoch Times German Staff
GERMANY—Hard-Cash investor Walter K. Eichelburg, predicted the mortgage bubble bust and insolvency of Fannie Mae and Freddie Mac in the United States in an early 2007 Epoch Times interview. He made himself available for another interview with The Epoch Times.
I have studied the history from the Dutch ‘Tulip Crash’ (1624-1636), and it always repeats itself over and over again. The values are artificially pushed up by easy borrowing, which brings investors running – the money comes in for a time and then the insiders quickly exit shortly thereafter, the bubble bursts. It is always the same scenario.
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Hard Cash Investor Walter K. Eichelburg Sees Hard Times (Part 1)
By Florian Godovits
Epoch Times German Staff
GERMANY—Hard-Cash investor Walter K. Eichelburg, predicted the mortgage bubble bust and insolvency of Fannie Mae and Freddie Mac in the United States in an early 2007 Epoch Times interview. He made himself available for another interview with The Epoch Times.
I have studied the history from the Dutch ‘Tulip Crash’ (1624-1636), and it always repeats itself over and over again. The values are artificially pushed up by easy borrowing, which brings investors running – the money comes in for a time and then the insiders quickly exit shortly thereafter, the bubble bursts. It is always the same scenario.
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