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. The Wall Street Journal business best seller Aftershock can help you:
©2011 David Wiedemer, Robert A. Wiedemer, and Cindy S. Spitzer (P)2011 Audible, Inc.
"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)
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.
Book was very interesting, if you discount the shameless self-promotion and sales--pitching of the author's investment services and website. Narration was very annoying. The narrator clicks his mouse every few seconds which is very audible on the recording. Get's on your nerves after a while. Very distracting.
Christopher Kipiniak would be fine as a narrator if he wouldn't click his mouse every few seconds during the recording - I guess he is advancing his screen a line at a time...very annoying.
Provides an easy to understand illustration of the economic forces that underlie our ability to get jobs, buy products, save and invest in the bubble popping of the mortgage market, as well as in the coming debt bubble and dollar bubble.
Comparing it to The Lords of Finance, and How Goldman Sachs Came to Rule the World are most helpful for understanding the global economy, and comparing it to Reich's Aftershock is great as a political comparison as that book has a clear political leaning to the left.
Read with emphasis on the meaning of what what being read.
The clarity with which folks participate in different roles, such as cheerleaders for the status quo of how to understand the present economic forces and how they differ to previous market cycles.
a great read
The Multi-Bubble Economy Theory expounded in this book may sound simplistic and ridiculous but it is actually a brilliant Economic theory, that perfectly models all the complexities of the modern free market economy. It may not be supported by confusing Mathematics, but the idea of multiple bubbles expanding is so intuitive and easy to visualize it must be correct. This is the most groundbreaking work since the contributions of Adam Smith. Multi-Bubbles are so comprehensive an explanation they can be applied to just about anything. In fact if you look as hard as the authors have for things to label as bubbles you will be seeing bubbles everywhere. Not only was there an internet bubble, and a housing bubble, there was also a government bubble, a bond bubble, a military bubble, a bubble bubble and a gangman style bubble. Its so exciting, i’m in a lather just thinking about it.
Now, to the core prediction of the Bubble Theory, the absolute certainty of out of control inflation, greater than 10%, as a result of massive government stimulus and money printing. The authors were able to pinpoint exactly the time it takes for the inflation to begin after the money printing begins. The crystal bubble ball says that it can never take more than two years for the inflation to appear. Now since it has been over four years since quantitative easing began, and inflation has been quite stable, one might say that this book's bubble must have popped. But I say no, I say perhaps if you look more deeply you will see more bubbles. A bubble of lies, and a bubble of deceit by the government bubble.
Now that we know that high inflation is certain (and has already begun in a bubble of secrecy), and that all of our money will lose much of its value shortly. Let us review the fantastic two pronged approach the authors propose to help protect ourselves. First we should sell all of our real estate and other hard assets and deposit our rapidly devaluing money into savings accounts. Second we should invest our money in the authors’ financial service products. The authors’ advice to stress savings as a hedge to inflation may seem counter intuitive, but it is actually brilliant. How else would they have sold so many of these books?
once you get past the self-congratulation and the sales pitches (which increase in the second half of the book), the predictions about the coming hyper-inflation and popping debt bubbles is well worth consideration. not all doomsday predictions.
business books fan
i do like to think differently and overall mind challenges, even if some of the thought mention in the book , went against my beliefs , i feeled absorbed in their logic .
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