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July 11, 2008

Countdown to the crisis!

I feel that we are days away from a financial melt down - where fear overtakes all other aspects - Fannie Mae, Feddie Mac and Lehmann will go down in the next few trading days and we will enter a new age - there will be no credit.

Israel will attack Iran

Oil will trade at over $200 a barrel

The US Dollar will collapse against the Euro

None of the norms and rules that we now live by will work

This is about as scary a time as I can think of

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