USA; January 3, 2008. Christian broadcaster Pat Robertson, who has made predicting the future an annual tradition, predicts a recession and a major stock market upheaval are on their way for the United States.
Aside from a recession this year, Robertson suggested Wednesday that Americans will be paying much more for gas at the pump as the price of a barrel of oil rises by 50 percent in the coming months.
Specifically, he said oil would reach $150 a barrel - the price hit $100 on Wednesday - with the dollar continuing to lose value in 2008.
"I also believe the Lord was saying by 2009, maybe 2010, there`s going to be a major stock market crash," said Robertson, who is a millionaire businessman as well as an evangelical leader.
But don`t unload your portfolio just yet. Robertson acknowledged Wednesday that his prophecy of a nuclear terror attack in 2007 failed to unfold.
He also cited information from God when he predicted on a year go that major U.S. cities would be hit by "very serious terrorist attacks" causing "possibly millions" of deaths.
No such catastrophe occurred.
"All I can think is that somehow the people of God prayed and God in his mercy spared us," Robertson said on "The 700 Club," a television show he hosts on the Christian Broadcasting Network, based in Virginia Beach.
"So did I miss it? Possibly," he said of his unrealized prediction. "Or, on the other hand, did God avert it? Possibly. But whatever, it didn`t happen, so I think we can all rejoice."
On Wednesday, Robertson, 77, implied that God informed him who will be elected president in November.
"He told me some things about the election, but I`m not going to say, because some old man on "60 Minutes" would make fun of me, so I`m not going to tell you who the winner`s going to be," Robertson said, in apparent reference to CBS humorist Andy Rooney, who turns 89 on Jan. 14.
Additionally, "the Lord was saying there`s going to be violence and chaos in the world," Robertson said. He cited violence in Kenya and Pakistan, saying "we`ve just begun to see what`s going to happen."
Robertson said he received no divine information about the war in Iraq. In past years, he said, "the Lord told me it would be a disaster; well, it has been a disaster."
In May 2006, Robertson cited God in predicting that "the coasts are going to be lashed by vicious hurricanes this year" and that the Pacific Northwest could see a tsunami.
No hurricanes struck the U.S. coastline in 2006; three tropical storms hit the country.
In January 2004, Robertson said, "I really believe I`m hearing from the Lord it`s going to be like a blowout" re-election for President Bush.