Walter Mercado had a revelation after coming close to death a few weeks ago.

He is going to create a charitable foundation in Puerto Rico to help children and teenagers.

The psychic said he will auction hundreds of ornate capes he wore during his career to raise money for the Shanti Ananda Foundation.

Walter said:

“The Walter of capes is over. The public wants me like this, of flesh and bone.”

Amazingly, he has more than 2,000 capes sitting in an air-conditioned room in Miami – each one costs at least $1,000!

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