Host Per Fagereng speaks with Ravi Batra, professor of economics at Southern Methodist University and author of The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos. Batra predicted the financial meltdown way in advance, offering his latest forecast in February last year to Texas Monthly: “When the American bubble starts to burst around mid 2007, and beyond, foreign investors will head for the exits…” Now that the American housing bubble is bursting at the seems, Batra’s biggest fear is that foreign investors will indeed head for the exits, and the already feeble dollar will collapse. Then we will see a rapid unraveling of our debt based economy, rising unemployment, bulging poverty, and big stock market crashes.
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