Yes, I am giving him this year to see if his predictions occur. If they do then I'll be less skeptical. To give him credit, his newsletters are 100% free from outside advertising. He could be charging just as much to subscribers and raking in the cash from companies as well, but he doesn't.

His other predictions for this year include:

That before the end of the year the stock market and world currency markets will fall substantially. (Half the world's wealth will disappear)

The pope will pass away.

Solar flares and sun spots will reach an all time high (already occuring). Supposed to cause power grid and communications failures. (If the loss of power happens between now and the end of the year, people will get a Y2K preview.)

He says that Y2K itself will be minor to say the least in this country. But it will be a different story in other ones, especially the third world.

(Personally, I agree with the last one. There are so many Y2K fear mongers who are making a whole bunch of cash by scaring people into buying
all the survival stuff. The more panic these greedy people can generate, the better their profits become. And panic is what I believe is going to cause the greatest damage to the markets. Everyone knows one or several people in their circle of friends who is going to take money out of the bank "just in case" before New Years. If even one bank in this country has problems with cash flow, what will the media do with that story? Can you say massive blowing out of proportion? And what would that coverage do to the rest of the population who were not afraid?
They will want to take money out before their bank has a problem too. And the domino effect will begin.)