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Predictions - The world will enter a second Great Depression by 1983

Submitted By: scitops
Author: Doug Casey
Status: Never happened
Source: Link
Predicted: October 6, 1980
Happens: 1983

Details

"This depression is going to make the 1930s look like a technical correction. This one is going to be a real doozy."

Explanation

Failed to happen, in fact nothing remotely close to what he claimed would happen did. He went on to make these same predictions again in 2008/2009.