This book is an ADVERTISMENT for Aftershock financial services, complete with 1-800 numbers repeated many, many times.
the 1-800 numbers for one thing
While the authors may have some valid points, they have lost credibility with me by taking the advertising approach. The intended audience appears to be people with high mortgages and high credit card debt and with the advice to file bankruptcy, don't pay your credit card debt or pay your mortgage, these Wiedmer's sound more like criminals that someone I would trust with an investment strategy.
This book was heavy on verbiage and promotion of their investment management firm.
Very little useful information on investment options.
Narrator was fine.
A summary of the book would be. The dollar will collapse and inflation will rise due severe monetary expansion. Stay in short term bonds, sell real-estate, buy gold & silver and hedge against the dollar. Enter the market only after it's severe collapse. Now you can save 12 hrs of listening.
It was easy to understand and was mostly free from technical gibberish.
It painted a clear and disturbing picture which will impact on all of us.
I liked it especially in that they do not expect you to just accept their conclusion; they give you their reasoning and it is their well thought out reasing which is really valuable.
It is mostly common sense - but it helps you to see through the BS that is fed to the public which prevents a public uproar.
I found the book highly profitable. I was going to buy into the US property market; but after hearing Aftershock, I have abadoned that idea. It has also helped me see why my shares were doing poorly. The Macro picture is vital to micro investing.
The chapter about economics and new theories etc was not as engaging as the first part of the book.
The Narator was excellent
Well worth the time.
It could save you thousands of dollars
Just some guy that likes to listen to things that inspire thought. I've grown tired of the insipidness of music and opinion pieces that now pass for "news". Just looking for inspiration and education.
While I like a lot of the education that comes with learning how and why the American economy may soon fail, I sorta felt like I was being sold GOLD. Seems like 2/3 of the second part was BUY GOLD, BUY GOLD, BUY GOLD.
If nothing else, the book does make perfect sense on why the economy is about to fail, but I feel like buying gold is somewhat pointless. The strenuous viewpoint on divesting on real estate seems a bit like flawed logic. They also say to sell your home and just rent. If the economy fails, people will need a place to live. Seems like rentals would be a rock-solid industry. Even if they can't pay in cash, it sets up an excellent opportunity to barter.
I liked the book. Not sure if it'll be as doom and gloom as the author would like to believe.
How the American economy has gone wrong.
Re-balance my portfolio
Yes. Because it is rich in vital financial information. If the authors are accurate in their prophecy of doom, only a fool would hear and not prepare.
There weren't any characters really to choose from. Just a few anecdotal short stories of a few people. One of which, saved only half his assets because he doubted the information he was given. Another was a woman who liquidated some or most of her valuable art pieces and was grateful that she did.
I have never heard of him prior to this performance; but he was very good.
The dollar's impending destruction, and what I should be doing to prepare for that era on the horizon. As a result of this information, I actually sold out of some of my stock holdings, and invested into to physical gold backed gold ETFs. Both are up already by several dollars, and I have not had them three weeks yet.
This book is extremely important for the near and destructive future; yet many will not receive it. "He that has an ear, let him hear..."
Life is a journey, enjoy it......because one day it will all end.
The information and the way the author breaks down aspects of economics.
During the reading of this book, certain events started to happen just as the author said it would.
Very good. Easy to listen to.
That gold was going to run a ten year bubble.......very curious to see if it happens.
I would recommend this as a read whether you believe their theory or not. Once you get past their plugs, the information makes you look at things from a different angle. I am definately a bull investor, but after listening it made me look at possibilities of alternative exit strategies that could make me more money.
I don't doubt the authors research or predicitons. According to the authors we're in for a really rough ride and nothing can really be done about it. How sad, what a great country we once were. Happy Independence Day!
I just thank God that America, the world for that matter, are in His hands and not really predictable at all. Peace out!
Some of the narrative is self-serving endorsements of the authors financial consulting-- but, the balance of the book addresses the economical collapses that may occur (if our economy is living within several interlocked bubbles) and the pending impacts of those collapse events. Whether you buy into the premise that our economy is existing within several interlocking bubbles or not-- this book gives you some valuable food for thought.
I felt this was a very informative and eye-opening book. The narration was well done and easy to listen to. I learned a lot about economics in general that I did not previously understand and I think the author has made some very good points that are hard to argue with. It all makes sense to me and I intend to weigh the advice carefully. The author gained my trust at the end of chapter five where he states "It's not really about the money. Remember, the potential for happiness is actually always available to us because it comes, not from money or from things, but from other people." In the middle of a book that's all about making and keeping your money, that statement says volumes about the character of the author. I would highly recommend listening to it and weighing the words carefully.