GERMANY—Hard-Cash investor Walter K. Eichelburg, predicted the mortgage bubble bust and insolvency of Fannie Mae and Freddie Mac in the United States in an early 2007 Epoch Times interview. He made himself available for another interview with The Epoch Times.
Epoch Times (ET): Mr. Eichelburg, what can we learn from today’s crisis?
Walter K. Eichelburg (WKE): This [crisis] is a progression of the entire economic system. Everything repeats itself. My thinking is that for every investment there is a specific time frame within a cycle, which one must recognize. If one acts at about the right time, one can make a good living. But, I must tell you that I’m not here to save the world. What I’m doing here is educating the investor.
I discovered that the true problem is not the business, but the information. There is a pent-up demand for correct information and that is what I want to satisfy.