Home › Forums › Financial Markets/Economics › Anyone read “aftershock” by wiedemer?
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June 8, 2010 at 5:39 PM #562027June 9, 2010 at 7:32 AM #561206
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Participant[quote=Hobie]No, I haven’t but I like to read writings by economists.
If his time line and predictions are even half correct, we are going into deep do do.
Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉
Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.
Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.
I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]
The author recommends gold>silver until that bubble pops sometime around 2014-2016 and LEAPS which short the stock market on a long term basis. He also recommends selling all of your real estate in order to take advantage of the real estate crash yet to come. Your personal home he realizes may be hard to sell. (I won’t sell due to my kids’ schools.) If what he says does come true, its not hard to imagine investors fleeing the dollar worldwide as they realize that inflation will take the value away and that no US recovery is coming. This leads to more dollars being printed to refloat the artificial bubble which leads to the US not being able to sell trearuries to anyone but the fed, which uses new dollars to do so, further inflating the dollar bubble which leads to the US defaulting on our debt since our debt to GDP is so high. This is the last bubble to collapse, the US debt bubble, the worst one of the six. This also leads to the collapse of the whole life insurance industry as well as anyone else who holds the t-bills. You can imagine that, if this happens, this will lead to a world wided depression that will last for years. He does think that we wil come out with a stronger financial system but we have to go through burning our current one in order to get there. Dire stuff. I am buying gold/silver from goldsilver.com myself. I am not saying that I believe that all of this will come true. The future is notoriously hard to predice. This author predicted our current mess in early 2006 based on research from 2004/2005. My gut tells me that he is probably more correct than wrong. He does predict that the gold bubble coming up will be the biggest gold bubble in world history. goldsilver.com has some good videos on this if you are interested. you tubing “commercial real estate collapse 2010” will also get you some good info as well.June 9, 2010 at 7:32 AM #561303Participant[quote=Hobie]No, I haven’t but I like to read writings by economists.
If his time line and predictions are even half correct, we are going into deep do do.
Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉
Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.
Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.
I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]
The author recommends gold>silver until that bubble pops sometime around 2014-2016 and LEAPS which short the stock market on a long term basis. He also recommends selling all of your real estate in order to take advantage of the real estate crash yet to come. Your personal home he realizes may be hard to sell. (I won’t sell due to my kids’ schools.) If what he says does come true, its not hard to imagine investors fleeing the dollar worldwide as they realize that inflation will take the value away and that no US recovery is coming. This leads to more dollars being printed to refloat the artificial bubble which leads to the US not being able to sell trearuries to anyone but the fed, which uses new dollars to do so, further inflating the dollar bubble which leads to the US defaulting on our debt since our debt to GDP is so high. This is the last bubble to collapse, the US debt bubble, the worst one of the six. This also leads to the collapse of the whole life insurance industry as well as anyone else who holds the t-bills. You can imagine that, if this happens, this will lead to a world wided depression that will last for years. He does think that we wil come out with a stronger financial system but we have to go through burning our current one in order to get there. Dire stuff. I am buying gold/silver from goldsilver.com myself. I am not saying that I believe that all of this will come true. The future is notoriously hard to predice. This author predicted our current mess in early 2006 based on research from 2004/2005. My gut tells me that he is probably more correct than wrong. He does predict that the gold bubble coming up will be the biggest gold bubble in world history. goldsilver.com has some good videos on this if you are interested. you tubing “commercial real estate collapse 2010” will also get you some good info as well.June 9, 2010 at 7:32 AM #561799Participant[quote=Hobie]No, I haven’t but I like to read writings by economists.
If his time line and predictions are even half correct, we are going into deep do do.
Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉
Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.
Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.
I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]
The author recommends gold>silver until that bubble pops sometime around 2014-2016 and LEAPS which short the stock market on a long term basis. He also recommends selling all of your real estate in order to take advantage of the real estate crash yet to come. Your personal home he realizes may be hard to sell. (I won’t sell due to my kids’ schools.) If what he says does come true, its not hard to imagine investors fleeing the dollar worldwide as they realize that inflation will take the value away and that no US recovery is coming. This leads to more dollars being printed to refloat the artificial bubble which leads to the US not being able to sell trearuries to anyone but the fed, which uses new dollars to do so, further inflating the dollar bubble which leads to the US defaulting on our debt since our debt to GDP is so high. This is the last bubble to collapse, the US debt bubble, the worst one of the six. This also leads to the collapse of the whole life insurance industry as well as anyone else who holds the t-bills. You can imagine that, if this happens, this will lead to a world wided depression that will last for years. He does think that we wil come out with a stronger financial system but we have to go through burning our current one in order to get there. Dire stuff. I am buying gold/silver from goldsilver.com myself. I am not saying that I believe that all of this will come true. The future is notoriously hard to predice. This author predicted our current mess in early 2006 based on research from 2004/2005. My gut tells me that he is probably more correct than wrong. He does predict that the gold bubble coming up will be the biggest gold bubble in world history. goldsilver.com has some good videos on this if you are interested. you tubing “commercial real estate collapse 2010” will also get you some good info as well.June 9, 2010 at 7:32 AM #561905Participant[quote=Hobie]No, I haven’t but I like to read writings by economists.
If his time line and predictions are even half correct, we are going into deep do do.
Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉
Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.
Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.
I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]
The author recommends gold>silver until that bubble pops sometime around 2014-2016 and LEAPS which short the stock market on a long term basis. He also recommends selling all of your real estate in order to take advantage of the real estate crash yet to come. Your personal home he realizes may be hard to sell. (I won’t sell due to my kids’ schools.) If what he says does come true, its not hard to imagine investors fleeing the dollar worldwide as they realize that inflation will take the value away and that no US recovery is coming. This leads to more dollars being printed to refloat the artificial bubble which leads to the US not being able to sell trearuries to anyone but the fed, which uses new dollars to do so, further inflating the dollar bubble which leads to the US defaulting on our debt since our debt to GDP is so high. This is the last bubble to collapse, the US debt bubble, the worst one of the six. This also leads to the collapse of the whole life insurance industry as well as anyone else who holds the t-bills. You can imagine that, if this happens, this will lead to a world wided depression that will last for years. He does think that we wil come out with a stronger financial system but we have to go through burning our current one in order to get there. Dire stuff. I am buying gold/silver from goldsilver.com myself. I am not saying that I believe that all of this will come true. The future is notoriously hard to predice. This author predicted our current mess in early 2006 based on research from 2004/2005. My gut tells me that he is probably more correct than wrong. He does predict that the gold bubble coming up will be the biggest gold bubble in world history. goldsilver.com has some good videos on this if you are interested. you tubing “commercial real estate collapse 2010” will also get you some good info as well.June 9, 2010 at 7:32 AM #562186Participant[quote=Hobie]No, I haven’t but I like to read writings by economists.
If his time line and predictions are even half correct, we are going into deep do do.
Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉
Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.
Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.
I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]
The author recommends gold>silver until that bubble pops sometime around 2014-2016 and LEAPS which short the stock market on a long term basis. He also recommends selling all of your real estate in order to take advantage of the real estate crash yet to come. Your personal home he realizes may be hard to sell. (I won’t sell due to my kids’ schools.) If what he says does come true, its not hard to imagine investors fleeing the dollar worldwide as they realize that inflation will take the value away and that no US recovery is coming. This leads to more dollars being printed to refloat the artificial bubble which leads to the US not being able to sell trearuries to anyone but the fed, which uses new dollars to do so, further inflating the dollar bubble which leads to the US defaulting on our debt since our debt to GDP is so high. This is the last bubble to collapse, the US debt bubble, the worst one of the six. This also leads to the collapse of the whole life insurance industry as well as anyone else who holds the t-bills. You can imagine that, if this happens, this will lead to a world wided depression that will last for years. He does think that we wil come out with a stronger financial system but we have to go through burning our current one in order to get there. Dire stuff. I am buying gold/silver from goldsilver.com myself. I am not saying that I believe that all of this will come true. The future is notoriously hard to predice. This author predicted our current mess in early 2006 based on research from 2004/2005. My gut tells me that he is probably more correct than wrong. He does predict that the gold bubble coming up will be the biggest gold bubble in world history. goldsilver.com has some good videos on this if you are interested. you tubing “commercial real estate collapse 2010” will also get you some good info as well.June 12, 2011 at 4:11 PM #702790Anonymous
GuestFrom what I read of the book intro on google books, the book seems to be selling the notion that the congress, fed, corporate media analysts and the like, are “cheerleading” out of blind optimism or due to their lacking foresight or knowledge. It’s quite obvious to me, those people are cheerleading the jobless recovery because it’s not affecting them that the economy be in such dire straights as they’re inside the security bubble, for now protected by the financial dominant powers for whom they are cheerleading. It’s a matter of treachery amongst traitors in commission of an assault on humanity and less if at all due lacking knowledge of how insidious, murderous and tyrannical are the dominant powers.
June 12, 2011 at 4:11 PM #702888GuestFrom what I read of the book intro on google books, the book seems to be selling the notion that the congress, fed, corporate media analysts and the like, are “cheerleading” out of blind optimism or due to their lacking foresight or knowledge. It’s quite obvious to me, those people are cheerleading the jobless recovery because it’s not affecting them that the economy be in such dire straights as they’re inside the security bubble, for now protected by the financial dominant powers for whom they are cheerleading. It’s a matter of treachery amongst traitors in commission of an assault on humanity and less if at all due lacking knowledge of how insidious, murderous and tyrannical are the dominant powers.
June 12, 2011 at 4:11 PM #703480GuestFrom what I read of the book intro on google books, the book seems to be selling the notion that the congress, fed, corporate media analysts and the like, are “cheerleading” out of blind optimism or due to their lacking foresight or knowledge. It’s quite obvious to me, those people are cheerleading the jobless recovery because it’s not affecting them that the economy be in such dire straights as they’re inside the security bubble, for now protected by the financial dominant powers for whom they are cheerleading. It’s a matter of treachery amongst traitors in commission of an assault on humanity and less if at all due lacking knowledge of how insidious, murderous and tyrannical are the dominant powers.
June 12, 2011 at 4:11 PM #703627GuestFrom what I read of the book intro on google books, the book seems to be selling the notion that the congress, fed, corporate media analysts and the like, are “cheerleading” out of blind optimism or due to their lacking foresight or knowledge. It’s quite obvious to me, those people are cheerleading the jobless recovery because it’s not affecting them that the economy be in such dire straights as they’re inside the security bubble, for now protected by the financial dominant powers for whom they are cheerleading. It’s a matter of treachery amongst traitors in commission of an assault on humanity and less if at all due lacking knowledge of how insidious, murderous and tyrannical are the dominant powers.
June 12, 2011 at 4:11 PM #703987GuestFrom what I read of the book intro on google books, the book seems to be selling the notion that the congress, fed, corporate media analysts and the like, are “cheerleading” out of blind optimism or due to their lacking foresight or knowledge. It’s quite obvious to me, those people are cheerleading the jobless recovery because it’s not affecting them that the economy be in such dire straights as they’re inside the security bubble, for now protected by the financial dominant powers for whom they are cheerleading. It’s a matter of treachery amongst traitors in commission of an assault on humanity and less if at all due lacking knowledge of how insidious, murderous and tyrannical are the dominant powers.
December 30, 2011 at 12:06 PM #735204GuestI read it cover to cover. I buy his analysis for the next 2-4 years, but disagree strongly with his longer term outlook. He thinks the world economy is evolving into new situations and problems and that past solutions are not a cure for current problems. It is not another Great Depression or any other past economic crisis. Furthermore, I agree with the authors that the dollar and the US debt are going to cause major problems.
Where I part company is that the world economies are evolving and one huge factor they fail to consider, long-term, is the earth’s finite resources. The closest they get to that topic is to discount the apocalyptic economistsw and survivalists. IMHO, fresh water, oil and high-quality ores are some of the resources that need to be examined to sustain a long-term recovery. Both availabily and cost in relation to today need to be considered.
January 12, 2012 at 9:07 AM #735734GuestYes I just read the book and I believe that the premises of the book make perfect common sense. I have been thinking this way for years now. The Fed just cannot keep printing money (QE1, QE2) without consequences. I agree with the authors (Wiedemers & Spitzer) that the bubbles are about to burst. As far as the timing, nobody knows for sure, but the aftershock is inevitable. It’s kind of like death.
People need to wake up. -
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