Swine Flu to Have Double-Edge Impact on Global Economic Downturn

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Dutch Futurologist says the Swine Flu will have a double-edged impact on the global economic downturn

The Chinese phrase for crisis consists of two words danger and opportunity. Even the dreaded Swine Flu crisis presents an obvious economic and social danger, and for some investors, an opportunity. Although a tailor made vaccine for the Swine Flu will be available six months from now, insiders all over the world have been buying stocks of selected pharmaceutical companies for several weeks. And, believe it or not, according to Dutch futurologist Adjiedj Bakas, some of these (often private) investors have been doing this, because their financial astrologists advised them to do so.

In a talk at Emory University in Atlanta today, Bakas portrays the future of the World's economy. His views, contained in his just released book, Beyond the Crisis: The Future of Capitalism, are based on interviews with top economists from all over the world, insiders in the global financial industry, and, very surprisingly, financial astrologists. He says that major private investors, multinationals and hedge funds are counseled by financial astrologists. These people advise their billionaire clients when to buy or sell stocks, in which industry, or when to invest in which commodities or start-ups. Financial astrologists have been shy of publicity, but for the first time some who advise several billionaires, spoke to Bakas, who was recently elected "Trendwatcher of the Year 2009" and "Black Businessman of the Year 2008" in The Netherlands.

In his book, Bakas writes that we will finally have to acknowledge that even after the Stimulus spree of the last few months, we'll just have to sit this New Great Depression out. This is an Economic Winter, we'll have to make use of this period to prepare ourselves for the Economic Spring, which is due to start after 2011. Investing in the old economy won't help us move forward. And we'll have to think creatively about the new kinds of jobs needed in the new economy.

According to Bakas several events are in motion that will drive the economic downturn into a real New Great Depression, bringing with it a lot of social and political unrest. But he is not worried about the Depression in itself, which he describes as the 5th Depression in the last 200 years. Something like this always happens at the end of one technological era and before the next era takes off.

The 1930s may have been a time of deep economic crisis and mass unemployment, yet in those days the Kennedys made their fortunes, art deco was born and the radio, car, and telephone grew to be so much in demand that great new industries emerged out of the ashes of the crisis. During the major economic crisis of the 1980s the personal computer, mobile phone and Internet were born and developed into major new industries.

This Depression too marks the end of an era and the birth of a brand new one. During the current crisis we finally say goodbye to the 20th century and transit into the new, post-material economy. This transition period offers tremendous opportunities. Genetics, bio- and nanotechnology, artificial intelligence and robotics, new energy as alternatives to fossil fuels, and waste recycling will become huge in the next economic cycle. Smart investors are already gearing up for these new industries.

In Beyond the Crisis, Bakas explains the natural flow of the economy with ups and downs. He envisions Boom after Doom, yet a totally different kind of Boom than we used to know. We say hello to a new era, with China as the new global powerhouse instead of the U.S., with globalization turning into slowbalization, with less wealth and more focus on the Economy of Happiness. The book is introduced by China's leading economist, professor Wang Jiabao, who says, "this book will change your life."

In the emerging economic world order, cities and in fact "city states" will become important, says Bakas. Already 20 major cities in the world are of more economic importance than 100 countries. He predicts a New Middle Ages because of less identification of people with their countries, and more identification with religion and spirituality. The debates about the new economic pillars will be heavily influenced by religion and spirituality.

With roots in three continents (India, South-America and Europe), Bakas is truly a global citizen, a man of today's fast moving world. He is the first author to combine economic, technological, political, spiritual and astrological trends in a single book about the current crisis and the way out of the mess. He may be provocative, "Detroit can only be saved and renewed, if it goes bankrupt first. Stop the bailout." But his inspiring book gives you insights from the multiple perspectives you need to get through the most severe crisis of our lifetime.

Beyond the Crisis: The Future of Capitalism is published by Meghan-Kiffer Press in Tampa, Florida.

The book is available at Amazon.com. A Youtube clip for the book is available, and a special introductory discount at http://www.mkpress.com/beyond

More information at his site http://www.bakas.com.

Adjiedj Bakas launches the book at Emory University in Atlanta, Georgia, April 29, at 5 pm. He is available in Atlanta for interviews until Friday evening May 1, 2009. (Emory Conf. Center 1-404-712-6000). Review copies are available to journalists. Contact Luuk Wessels, spokesman to Adjiedj Bakas, at +31627872138.


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