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Recovery? What Recovery?
Did you lose money in the stock market in the last financial crisis of late 2008?
Has your home lost value? Are you “underwater” in your mortgage or concerned about selling?
Do your dollars buy less than they used to at the grocery store and the gas pump?
Have you lost your job or know someone who did?
Are you worried about the safety of your money and investments?
Don’t Get Fooled Again!
While the “experts” want us to believe that all is well (or will be soon), nothing could be further from the truth. The worldwide financial crisis of 2008 and 2009 was just a sneak preview of what is to come. For those who act quickly and correctly, there is still time to protect yourself, your family, and your business in the next global money meltdown. Updated and fully revised, this Second Edition of the Wall Street Journal business bestseller Aftershock can help you:
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Protect and grow your assets before, during, and after the next global financial crisis
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Spot and cash in on the best new investment opportunities
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Know which jobs, careers, and business sectors will fare the best
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Profit rather than lose when asset bubbles collapse around the world
From the reviews of the critically acclaimed First Edition:
“Their scenario is dark, and their strategies bold and unconventional. But after being on target the last time they went against the grain, the Wiedemers merit being heard out.”
The Associated Press
“Surrounded as we are by growing talk of recovery and news about ‘green shoots,’ it’s still refreshing to consider the different perspective that Wiedemer, Wiedemer, and Spitzer offer here.”
Robert J. Hughes, SmartMoney
“Aftershock makes a compelling argument for a chilling conclusion. Their track record demands our attention.”
Sam Stovall, Chief Investment Strategist, Standard & Poor’s
“The fragility of today’s economy demands that we, as investors, allocate our assets with more prudence and focus than ever before. The authors’ prescience in their first book lends credence to their new warnings. This book deserves our attention.”
Robert Friedman, former CFO, Goldman Sachs
“Their first book, America’s Bubble Economy, was one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy. Now they’ve done it again.”
Paul B. Farrell, JD, PhD, Senior Columnist, Dow Jones/MarketWatch
Bonus Chapter: Available Exclusively on Amazon.com
Read a bonus chapter–available exclusively on Amazon.com–which details the authors’ predictions and recommendations for a post-dollar-bubble world.
Q&A with the Book’s Authors
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Isn’t the economy recovering now? Why worry about an Aftershock?
It may look like a recovery but this is really a fake recovery, driven by printing money and massive government borrowing that are temporarily slowing the fall of our multi-bubble economy. We are just kicking our problems down the road and making the future Aftershock that much worse.
How is the second edition of Aftershock different from the first edition?
The new Aftershock is more than 35% updated and contains our latest analysis of the current economy, plus our forecasts for 2012 and beyond. There are two entirely new chapters that you won’t want to miss, especially the one on how the Federal Reserve’s medicine will become a poison when thier program of quantitative easing eventually causes dangerous inflation and rising interest rates ahead. Future inflation is the single biggest threat to the economy and to your stocks, bonds, real estate, and cash. Throughout the new Aftershock, we show you how future inflation will damage the already falling bubble economy and what to do to protect yourself and your assets when it hits. There will even be a few ways to make money on inflation — but only if you see it coming.
How is this book any different from all the rest?
Aftershock is the only book to correctly predict the economic mess we are in today and foresee what is next, based on a proven macroeconomic view of the evolving global economy.
What will be some of the first signs of the coming Aftershock?
Actually, it’s already happening now, but it isn’t easy to see unless you know what to look for. The second edition of Aftershock explains in detail what is ahead, how to see it coming, and what to do about it right now, while there’s still time to protect yourself.
Have we seen the “aftershock” of the 2008 market meltdown yet? If not, when do you predict we will see its effects?
No we haven’t seen the “aftershock” of the 2008 market meltdown. We will see it when inflation nears 10%, which is likely about 2 – 3 years away.
List Price: $ 27.95
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Reads like a arrogant info-commercial, but entertaining nonetheless…,
If you would like to visit the author’s website, hire them to financially advise you, or simply buy their friend’s books, then you’ll have plenty of opportunities during this read. Shameless plugs and weblinks are littered throughout so many of these pages you’ll probably catch yourself laughing in spite of it all.
And seriously, I have never encountered a more pretentious self-congratulatory pat-themselves-on-the-back-and-then-do-it-again group of authors in my life. Ever. It’s tolerable at first, annoying next, unbelievable, and finally comical. Is it entertaining? Oh ok, you’ll finally be entertained by their level of arrogance… but probably because you suspect these guys (and gal) don’t even realize it.
Their message is simple and never approaches the more erudite levels of their contemporaries. They even complain about their failure at publishing in peer reviewed journals at one point. More sour grapes appear when they devote a huge section of the book (probably about 35%) to attacking practically every economist in the known world. At least they explicitly reveal to the reader exactly where each economist makes their mistake and how they should proceed down the path of redemption. Hell, they even take on the entire SCIENCE of economics at one point.
It’s a fun read though and I enjoyed it. It’s a serious topic and these guys are probably pretty damn close to predicting what will happen in the next few years despite their sophomoric approach. Go ahead and buy it if you are interested, but in case the Aftershock has already left you penniless, here’s the summary:
The U.S. will hit their credit limit when foreign entities quit buying our T-bills. The Fed will continue to buy bonds to manipulate the market, massive inflation will occur, so you better have stocked up on gold because nothing else will protect you.
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|Let’s make economics into a REAL science!,
Here we have yet another book claiming that its authors alone have discovered the key to our economic problems and offers as proof the fact that they got it right once, in their previous book. And to make sure that you understand that, they remind you every few pages.
The history of economic & stock market predictions is filled with the names of people who got it right once, then proceeded to crash and burn. I could name some of them but out of kindness will not do so here.
Is there going to be an “aftershock” equal to or greater than the 2008-2009 downturn in terms of economic devastation, beginning sometime in 2013-2015 or so, as the authors claim? Darned if I know. Darned if anyone else knows for sure, either. A number of things do point in that direction, and the authors may be proven correct. But bear in mind that in 1946 a lot of things pointed in the direction of the Great Depression resuming: the stimulus provided by the war spending was ending; the government had accumulated a huge debt load; much of the developed world was devastated and financially broke; all the military personnel would return home to find few if any jobs available.
In Chapter 9 of this book the authors describe how economics can be made more of a science. Specifically, “numerical simulation models” can be developed to make much more accurate economic predictions than can be done today. This works to some extent in weather prediction, but weather lacks the irrational human element which is ever present in economic activity.
Some improvement in economic prediction may be possible, but consider the following. If there were any way to predict the economy with much certainty, that way could be used to predict the course of the stock market with enough accuracy to make a great deal of money. Soon, nearly everyone would be using this method and winning all the money in the stock market. But if nearly everyone is winning, how could there be enough losers to provide money to the winners? Obviously there could not be; that is why there never can be any way to predict the economy significantly better than we are able to right now.
But… what gives with all this economics stuff? What is really going on?
Quite simply, economic activity is a result of the laws of mass human behavior. The authors are correct that there are plenty of bubbles in the economy and the stock market. The term “bubble” is simply another word for a mania, or excessive greed, one of the oldest mass phenomenona known. When a big one one gets going, nearly everyone gets on board, and no one is able to convince the majority that the mass speculation will end badly. Usually it does end badly, but not always. The World War II debt bubble deflated with hardly any effect at all. When the internet bubble ended in 2000, the NASDAQ suffered greatly but the overall economy had a more or less “soft landing”.
Will we ever fully understand the laws of mass human behavior? I don’t think so. For us to determine and understand these laws would be something like a typical cat, on its own, understanding that riding in a car is safe and fun. The work of R.N. Elliott is probably the best that anyone has ever done in describing these laws, but there are far too many amibiguities and far too little precision in his work for it to be of any practical value. He formulated his laws in the 1930s and no one to my knowledge has been able to improve upon them significantly since then.
Every financial newsletter writer knows that there is a nearly guaranteed profitable market for the purveyor of bad news. Maybe the authors will enjoy a good living by selling to enough people the specific advice that is missing from this book. After all, timing is everything when you are insuring your future by selling your house and buying hoards of gold.
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|An Important Warning about the Future,
This is an important book that offers a clear and compelling argument that THE WORST IS STILL TO COME. The current “recovery” is a lie. The world-wide massive asset bubble is not even close to fully bursting…and the debt problem, both for sovereign states and the private sector, is overwhelming. Anyone who doubts that major problems lie ahead should just look at dysfunctional conduct of the government over the debt ceiling debate.
The book offers practical advise on how to protect investments and on what business and career options will be the best bet. However, I think the authors actually underestimate the social and economic impact of massive unemployment, and especially they miss the fact that technology will soon make it possible for many businesses to either automate or offshore huge numbers of jobs as they struggle to survive in a harsh economic environment.
Anyone concerned about the future job market and economy should also be sure to read The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future. This book tells the truth that mainstream economists are in denial about: there is a major structural shift coming to the job market and economy, and that combined with the massive debt bubble is going to result in a very dark economic future. Ultimately, the impact may be enough to decimate the social contract and test the viability of democracy.
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