"In the longer term (3-5 years): We will experience another economic crisis that will affect the economies with high debt to GDP ratios such as USA, Italy and Japan. The exact timing, the depth, and the speed of the economic decline and recovery depend on government intervention policies, but there is not much more room remaining. The hole they dug themselves into is already deep. Global market forces are stronger than they think. At best they can delay the crisis but they have to pay an even higher price later. How will they pay it? This is subject to the politicians’ decision: Either sharp/quick decline and quick recovery; or soft/slow decline and slow recovery that could take decades. Someone has to pay for the debt, the Americans or the foreign investors or both."
MORE... (scroll down to about halfway down the page to see this prediction):
http://www.economicpredictions.org/med-jones-predictions/index.htmWho is Med Jones?
"Med Jones is the president of International Institute of Management (IIM) – A US based research and education organization. Jones is recognized as one of the few experts who predicted the US financial crisis. In his seminal research paper, US Economic Risks and Strategies 2007-2017, he warned about the housing bubble, the subprime mortgages and the rising national debt. In Jan 2007 he challenged the US President’s State of the Union Address, the Federal Reserve Chairman and the popular opinion of mainstream economists. In a Reuters interview (March of 2007) he warned about the loss of confidence in the US economy as a result of financial market bankruptcies caused by subprime mortgages. In several other interviews, he warned about the US financial crisis of 2008 followed by global socioeconomic challenges driven by sovereign debt, inflation and currency crises. His statements and predictions are followed by investment advisors and researchers around the world. Jones provides strategy consulting and education to governments and the global Fortune 1000 companies."(one other expert predicted the US financial crisis in 2008 - Brooksley Born)