Outcomes of Predictions
Batra predicted a full scale depression in the USA in 1990; it did not happen. Batra's reputation rose in Europe on account of his correct prediction for the downfall of communism when he was awarded the Medal of the Italian Senate in 1990. Batra continued to publish bestselling works in Japan with economic malaise lasting until the early 2000s. In the USA, however, his sales began to drop and his booming side-line career as a media commentator on matters economic and financial began to sour. In 1993, Batra received the Ig Nobel Prize in economics. Batra's views on capitalism have not been popular among mainstream economists, but these views may be changing in the wake of the financial crisis in the USA and other developed economies.
On September 9, 2007, Batra predicted
“A political revolution will take place in the United States by the end of this decade...by around 2010. And the revolution could go on for four or five years before it is complete. So, from 2010 to 2016 we could see major changes in US economy and society. It will be a peaceful revolution and it will bring an end to the rule of money in society.“
Read more about this topic: Ravi Batra
Famous quotes containing the word predictions:
“The Brahmins say that in their books there are many predictions of times in which it will rain. But press those books as strongly as you can, you can not get out of them a drop of water. So you can not get out of all the books that contain the best precepts the smallest good deed.”
—Leo Tolstoy (1828–1910)