Newsmax’s Aftershock Survival Summit was a website presentation created in 2011 for promoting the ideas and concepts of economists Robert Wiedemer, David Wiedemer, and Cindy Spitzer, who wrote the book Aftershock.
Recently the featured presentation has been rereleased as the Aftershock Survival Summit 2013 and is a video presentation of an interview with Robert Wiedemer.
This interview covers a description of what went wrong with the economy and how he and his fellow economists were able to spotlight these problems before anyone else could.
The Newsmax’s Aftershock Survival Summit 2013 then discusses with Wiedemer the potential problems that may still affect the American and global economies within the next two years or so, and what the average American should do to protect themselves.
Why Did the American Economic Bubble Burst?
According to Wiedermer and his associates, the bubble burst because the growth of the Stock Market and the housing market was artificial. “Artificial” because they were growing at rates significantly larger and faster than both the economy and personal income levels.
Now, this is not especially groundbreaking news. Since the market crashed in 2008, many economists have pointed out this same explanation.
The difference between Wiedemer and his associates, as pointed out by Newsmax.com, is that they weren’t explaining the financial crash, they were predicting it. They published a book in 2006, America’s Bubble Economy, which explained and foresaw the current economic recession.
This impressive economic prediction is why Newsmax is featuring the Aftershock Survival Summit – to get Robert Wiedemer’s opinion on what American’s should do next to protect themselves.
What is Newsmax Offering?
Newsmax is offering a free copy of Wiedemer and his associates’ new book, Aftershock, along with an unpublished chapter that was “too controversial to be published.” You can get your copy for free, with just a $4.95 Shipping & Handling fee.
Along with the free book, you will receive three free trial subscriptions to newsletters: The Financial Intelligence Report, David Skarica’s Gold Stock Advisor, and The Franklin Prosperity Report.
If you do not cancel these trial subscriptions before they run out, you will be charged $99, $99, and $49, respectively, to continue your subscriptions, but if you choose, you can cancel them at any time.
They were some of THE ONLY economists that predicted the multiple bubbles that burst during the Great Recession. Their book, America's Bubble Economy: Profit When It Pops, was published in 2006. Their follow up book, The Aftershock, was first published in 2009 and then a later second edition. Within this new book, they speak of the greater, looming bubbles that will eventually pop. THEY DO NOT GIVE A SPECIFIC YEAR, but speculate it could be a few years out from when they printed the 2nd edition (so ~2015-2016) but that timeline could be stretched by continued quantitative easing, slow economic growth, etc.
If you can read, then pick up their first book and follow that by their second. Their insights are spot on and completely relevant. What you do from that point on is up to you but for the sake of your family and the long-term security of your financial well-being, I would suggest taking some of their advice.
Wiedemer predicted this in his 2010 book:
John Burke of Newsmax: "This incredible book predicted that two more massive bubbles — the dollar and U.S. government debt — could burst by 2013."
Bob Wiedemer: "Based on my analysis, I predict foreign investors will begin to significantly lose confidence in their U.S. holdings sometime during, or shortly after, 2013...But this will get much, much worse when we hit 10 percent inflation. And, by 2016 a mass exodus of foreign investment could very well occur in the United States."
Wiedemer: "And, it won't matter who's in the White House in 2013. I don't think there is any getting around that. I don't like it. But it's the lay of the land."
Can people still make returns in the paper markets in the short-term, sure but if they don't get out in time this next crisis will make millions of investors poor for a very long time, unlike 2008. The fundamentals now as so much worse than then it's scary, but you're not going to hear it on the mainstream media of course that could trigger a collapse before the powers-that-be are ready. btw the inflation numbers are manipulated as well and many of the important indicators are not calculated in CPI. Just because gas prices are falling (for much different reasons) doesn't mean we are not paying a lot more for other things, including consumables, supplies, etc. Keep in mind the core CPI does not include food, which as you know prices are rising much faster than the government reported inflation figures. Keep in mind the government (as we do just on a massive scale) benefit greatly from lower inflation and interest rates.
Ref: http://business.time.com/2013/03/12/if-theres-no-inflation-why-are-prices-up-so-much/
http://www.marketoracle.co.uk/Article39621.html Is The Government Lying To Us About Inflation?
I think they are creating a fear market and then selling their book, newsletters and what ever else they can create. In that sense, you are getting something for the money you are paying. BUT, if you are buying out of fear then you are not using a logical thought process to protect yourself as the consumer.
To determine if it is a scam ... ask yourself if you are truly purchasing a product that will benefit you in the long run. Some may find it handy. I on the other hand found the (free) pdf of the book online within minutes - no need to purchase. Will I get something out of it ... maybe, maybe not!
A true scam takes your money and gives you nothing in return! Honestly that does not appear to be the case here other than the "Fear Factor" approach!