Topic: Housing Boom

Robert F. Kennedy Jr. opened a new campaign headquarters in Elizabeth, New Jersey, where he criticized the "corporate capture" of regulatory agencies like the FDA and CDC. Kennedy proposed a new economic plan featuring 3% mortgage rates financed by tax-free treasury bills. Internal communications from "People for Kennedy" suggest the campaign is actively preparing for an independent presidential run.

The Panic of 1847, caused by a collapse in the British railway industry, is identified as a historical parallel to the 2007 housing bubble. Based on 80-year and 170-year economic cycles, a major global collapse is predicted for 2017. This cycle theory suggests that the world may avoid a total collapse in the immediate term but will face a significant downturn in three to four years.