Topic: Financial Predictions

A counter-theory suggests Bernie Madoff is taking the fall for a relative, questioning how a 70-year-old former NASDAQ chairman could operate such a complex scheme alone. The discussion shifts to the potential power of international courts, comparing the proposed IFC to the International Criminal Court and the U.S. refusal to recognize its authority over American officials. A prediction is made that the IFC will be officially announced before Madoff's sentencing in June 2009.

Adam Curry predicts a massive market crash around February 13, 2009, coinciding with the passage of the stimulus bill. He argues that the event is orchestrated and will lead to a period where traditional currency loses significant value. John C. Dvorak expresses skepticism about the specific date but agrees that the economy remains in a deep hole.