Comment People did predict it! (Score 2) 676
People did predict the economic Collapse. Ron Paul predicted it all along, as many others did. Those who "failed to predict" it are simply those economists and politicians who stood to gain financially from the whole thing. The issue isn't that it is impossible to predict what is to happen, but rather, that those who are in positions to control and predict are those who stand to gain in the bubbles that end in economic turbulent times [read the Fed, Wall Street, Washington].