Word: precrash
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...collapsed late last year, Schiff, who runs the Connecticut-based brokerage firm Euro Pacific Capital, briefly got to bask in the glory of his spectacular call. He ran a victory lap of sorts on the cable news networks. A fan put together a 10-minute YouTube clip of his precrash predictions on CNBC and Fox News--complete with smirking and dead-wrong rebuttals from the likes of Arthur Laffer and Ben Stein--that has been watched more than 1.3 million times. ("What makes that clip so good is not so much me as everybody else," Schiff says. "People like laughing...
...pored over the forensic evidence, Wheaton became convinced that the plane had suffered a precrash explosion -- and that there had been a U.S.-Canadian conspiracy to conceal the cause of the accident. "If the truth about this crash had gotten out in 1985," he says, "it would have exposed the Iran-contra scandal one year before it became public...
...evidence of a precrash explosion is overwhelming. The Royal Canadian Mounted Police obtained sworn statements from five witnesses who saw the DC-8 spewing flames before it fell. Judith Parsons, an airport rental-car agent, was warming up her automobiles out in the parking lot when she saw the sky light up. Suddenly "a large orange oval" appeared above the ground, she reported. "It just blew up and went everywhere, burning like cinders falling to the earth...
...when investors sold off shares of Israel's major banks, forcing the government to shut down the Tel Aviv stock exchange for two weeks. By the time trading resumed, bank stocks had lost a third of their dollar value, and the government had pledged to buy the shares at precrash prices to keep investors from taking a beating. The collapse heightened an economic crisis that drove Israel's inflation above 1000%, at an annual rate, last October and continues to threaten the country's political stability...
...Hope, Ga., in 1977, Flight Attendant Sandy Purl was not among the 70 dead. But she came to wish she had been. Hospitalized and sedated for shock, Purl would leap from her bed each night shouting, "Grab your ankles!" and try to force other patients into the classic precrash body position. A year later, she was still overcome with guilt that she had survived and her passengers died. One recurrent fantasy was that her arms and legs were gone. Says Purl: "I thought maybe if I had no legs or arms, I would be a victim of the crash...