Med Yones, the world renowned financial expert who predicted the global financial crisis in Jan 2007, will deliver a keynote speech at the 10th Annual Investment Workshop.
FOR IMMEDIATE RELEASE / PRURGENT
Las Vegas, NV, June 22, 2009 –International Institute of Management (IIM) announced today that Med Yones, the world renowned financial expert who predicted the global financial crisis in Jan 2007, will deliver a keynote speech at the 10th Annual Investment Workshop to the world’s richest families on June 23 & 24 in Geneva, Switzerland.
“Government numbers are indicating a slowdown of the economic decline. We predicted this economic improvement back in October 2008. However our data shows that these improvements are temporary. Looking at the big picture, the real production economy is getting worse. The same mindset of high risk borrowing and over-extended leverage that led to the financial system collapse will risk the collapse of the US economy and its currency. With high rise of national debt, it is only a matter of time before the global investors will lose trust in US currency, treasuries, and bonds. The US economy faces 3 options. Option 1: Allow a painful, sharp, but quick correction cycle. Option 2: Moderate the decline and suffer from several decades of stagflation with intermittent periods of modest decline and growth in dollar amounts; however the real economic growth will be negative due to the decline in the dollar valuation and inflation. Option 3: Is to invest in innovation, export and growth industries. The only way out of this crisis is through the emergency of a new legitimate industry, such as alternative energy, nanotechnology or biotech, which will generate enough tax revenues to pay the debt and attract more capital. The auto industry led the recovery after World War II; the IT industry led the recovery from the Seventies’ financial crisis. Unfortunately the government is doing too little in that area” - said Med Yones.
International Institute of Management (IIM) is a strategic management research institute and non-partisan think tank based in Las Vegas, NV. IIM has 41 universities and research partners in 16 countries. IIM leverages a global knowledge network to provide government and business leaders with the latest and most advanced business strategies and policies.
About Med Yones
Mr. Yones has been called the financial prophet due to the accuracy of his financial predictions and their timing. He is quoted in worldwide financial media on the topic. To learn more about the unfolding crisis you can visit the original financial predictions report for 2007-2017 at: http://www.iim-edu.org/u.s.economyrisks/
The updated 2010-2020 economic report will be available online in July/August 2009 at the CEO Quarterly Magazine website http://www.ceoqmagazine.com/
USA: Manuela Moeller
Europe, Middle East and Africa: Linda Kimeisa
North & Latin Americas: Bohdana Hevierova
Asia & Australia: Tetyana Chernykh
For interviews, please contact us at Tel: +1.702.515.7447 or media2(at)iim-edu.org