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30.07.2009 Press Release

Have the Bretton Woods Institutions Met Their Match?

30.07.2009 LISTEN
By Muhammad's Global Enterprises LLC MGE19

According to Deitric Muhammad, founder and Chief Economist of Muhammad's Global Enterprises, LLC –also known as MGE19 (company website: http://www.mge19.com) , the Bretton Woods Institutions are obsolete. He claims that the Bretton Woods Institutions such as the International Monetary Fund and the World Bank are the source of the problems in many developing nations. He also claims that his company can help any nation “eliminate poverty on a permanent basis”, “create economic growth on a perpetual basis”, and allow “the ordinary citizen to directly benefit from the wealth of the nation without making any loans from any of these institutions ever again!”

While these claims are yet to be seen, the company's claim to “accurately forecast future dynamic economic and market conditions up to many years in advance” has proven to be true! The company's economic report, which was written between October 2005 and the first week of January 2006, accurately predicted and summed up the World Financial Crisis in the first two paragraphs of the report! The report predicted falling home values, the so-called Credit Crunch, the economic contraction, and the increasing unemployment and foreclosure rates. This report can be accessed on the company's website at http://www.mge19.com/sample.pdf. It's the first 10 pages of the 39-page report.

The company's analytical reports are remarkable because they precisely and concisely answer many questions concerning the political and economic dynamics of developing nations, clearly explain complex economic events and circumstances, and accurately predicted how the financial and banking sectors would respond to the Bailout Package. The analytical reports are dated, and there are links to dated reports from accredited sources such as MSNBC, Bloomberg, and the Associated Press that verifies what was written. Mr. Muhammad says that the reports are dated to prove that “they were the first” to see these future events before they occurred.

The video on the company website also give clear answers to many complex economic questions such as:

What caused the World Financial Crisis?

Why after liberation, a nation cannot grow its economy equal to or better than it was during colonialism?

Why after billions and trillions of dollars are poured into a nation's economy in the form of aid, it cannot eliminate the extreme poverty that continues to plague its people?

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