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Newsmax is offering a free copy of Wiedemer and his associates’ new book, Aftershock, along with an unpublished chapter that was “too controversial to be published.”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.
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The advice is complete lunacy and the guy is a complete quack. There isn't a hint of intelligent economic theory in the whole video. Complete waste of time scam.
Sorry to hear you got scammed. There are a number of web interviews or pieces of information like this out there that are just scams. The way I can usually tell is that they take literally forever to get to the punch line. If you have diligently listened for 5 mins and all that they have said is buildup with a few pieces of data, and none of the logic and reasoning of their statements is even hinted at that screams scam to me.
So there is 6 months of data to test the predictions.
85% of the recommendations would have lost money.
The reason why this article re-surfaced in yahoo this weekend is probably because the market went down 1% last friday. Kinda tingle the senses of the fear-mongers and get to the vulnerable folks who fear the sky will fall anyday.
These type of people will only attract the weak hands and folks who are already thinking negatively. For level headed folks - they can see the bias and milking the 2006 prediction.
Anyway Mr Weidner has a reasonable theory - and I don't this he or newsmax are a con job. Just a half baked opinion they are proposing.
Most of the young people buying houses today are unaware of the cost to themselves if rates go up 1 or 2%. When this blissful ignorance is combined with other debt and almost no savings the result of a modest increase in interest rates will cause serious damage.
I think the video has some good points to bring caution to the watcher. The video is definitely a marketing ploy meaning a "look-a-like" news interview to create credibility. I have noticed multiple websites with strange but similar names and articles about these people like monex and money news and so forth. Basically multiple sites created by the same company to create more credibility with search engines and viewers alike. Very common ploy by internet marketers and other individuals trying to silicate themselves or their products they represent.
I will be watching what the markets do. I believe the way things are going something will have to give. Stock markets will correct themselves in the near future as will the dollar continue to lose value due to inflation. This happens every year by at least 1-2% maybe more depending on lots of things. Interestingly, look into history and you will see a repeat of people who got lucky and made a "prediction" so they say and then they try to capitalize on it by making themselves out to be an expert. Almost all if not all of these "got-lucky-now-so-called-experts" get the future predictions wrong after their triumphant entry correct prediction.
We are a nation of scared idiots, and this video is trying to milk that fact. Although, I hope you like the house you live in if you have a mortgage on it.