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's Aftershock Survival Summit. My name is John Burke. And, I want to thank you for taking part in this very important discussion. As you know, in 2006, while nobody was looking . . . Neither the Federal Reserve nor the Treasury . . . Not Congress or even the White House . . . The American economy began a catastrophic descent, as the early stages of the real estate crisis started taking shape. Two years later, in 2008, the true scope of the devastation became crystal clear, as the stock market collapsed, the credit markets dried up, banks melted down, and unemployment began to soar. America was thrust into a recession and a period of national misery not seen since the Great Depression. Every citizen in this country felt the stress, the fear, and the uncertainty that came with not knowing how long the malaise would last . . . And how deep the damage would be. We all know this story by now. But why were the people in Washington, whose sole responsibility was to prevent this kind of a meltdown, incapable of protecting us from this crisis? Why did the leaders of America allow our country to sink into this financial abyss?
Where were their voices of reason? What does the future hold for our great nation? And how can you, and your fellow Americans on Main Street, stay safe from what lies ahead?
We will be addressing these issues today. And, you are going to meet a true voice of reason that this country needs right now. You see, back in 2006, while the stock market was surging and real estate prices were soaring . . . An unheralded team of economists was working tirelessly to spread the Bob Wiedemer David Wiedemer Cindy Spitzer word about the impending dangers that threatened our great nation. They released a book called "America's Bubble Economy" that accomplished what no one else seemed able to. They predicted, with startling accuracy, what would happen when America's easy-money party ended . . . Their analysis was not the "20/20 hindsight" that is so commonplace today. They were well ahead of the curve, and swimming against a tide of financial optimism. These maverick economists sounded the alarm about a chain reaction of crashes that were to come in real estate, the stock market, private debt, and consumer spending. They laid out a clear and straightforward message. The end game was near. If the "powers that be" had paid heed to these economists, the lives of all Americans would have been better. But their warnings were not welcomed by the mainstream media or by those on Capitol Hill. And, the devastation is still being felt to this day. Sensing that the worst was still to come, this team of economists returned in 2009 to pen the follow-up book "Aftershock." This time, Americans were willing to listen to the unfortunate truth about our nation's financial health. And, "Aftershock" quickly became a best-seller. This incredible book predicted that two more massive bubbles — the dollar and U.S. government debt — could burst by 2013 . . . And, since the release of "Aftershock," we have indeed seen the dollar continue its dangerous downward spiral.
and no. debt management. John: OK. . or simply an illusion? Bob: That's right John. most in Washington are refusing to address the true scope of the situation. investments. . . . let's get started. Bob: My pleasure John. You need the real story and what steps to take to stay safe before a second. and even jobs. Bob Wiedemer. and Washington is still ignoring the problem. . But I want to start by saying that you're also not going to mince words. And. or paint a rosy picture for our future . retirement savings. thank you for being here. yes . and much more destructive economic meltdown. And. is it safe to say that our viewers need to be prepared for your message that any signs of a recovery may be nothing more than false hope. your message in "Aftershock" was that the recession was bad . that's why we are joined today by one of the three economists who have been helping Americans prepare for the coming crisis. John: Bob. . So Bob. I do believe we have some very tough times ahead for our country. possibly strikes the United States.And as our federal debt keeps surging to unsustainable levels. my goal for this interview is to work with you to build an effective action plan for our viewers regarding their homes. But that the worst was still ahead. . Is that correct? Bob: Well. life insurance. Basically. It is clear that these three economists were right again.
Since most people aren't trained economists. millions of Americans will face some difficult hills to climb to avoid getting caught up in this economic disaster I see unfolding. They didn't take a broader view to see the chain reaction that could unfold. but not that diagnosis. . CNN released a poll a little while ago that stated 48 percent of Americans see our country headed into a second Great Depression in a year or two. housing prices accelerated much faster than our income. And financial prosperity. A few simple decisions can be the difference between personal economic obliteration. There is no getting around that. This basically put all the air in the balloon. We are past the point of no return. I can't be any clearer than that. I usually try to simplify this explanation. [Show image of the balloon] You start with a dramatic and artificial increase in home values and the stock market . This is a situation to be taken very seriously. Fortunately. And. . . while nobody else seemed able or willing to recognize the dangers? Bob: Most economists looked at these situations as independent occurrences. I slightly disagree with the timeline. people are starting to realize this.And. right now we are still in a critical period. let me quickly ask you about the past. From 2001 to 2006. John: Before we talk about what lies ahead. John: Why do you say it was artificial? Bob: Because people weren't making the kind of money needed to justify these increases. How did you predict this multi-bubble collapse.
But nobody stopped to think about what would occur when home prices weren't rising 10. this wasn't happening before 2001? Bob: Not really. the rapid rise didn't match the underlying fundamentals economists chose to ignore. It's pretty simple.Now. you saw a similar problem with the stock market right? Bob: Absolutely. John: And. home prices rose in step with inflation. That's a 54-year period. It was very susceptible to a massive correction because. 20. Yet from about 1982 through 2005 it rose another 1. just like housing. "Liar loans" they were called.400 percent. John: And. we all know the housing price growth was due to the mortgage madness where people could easily attain loans with no documentation. And others repackaged those garbage loans into toxic investments. . And then in 2001 they exploded. even 50 percent a year anymore. From the 1980s until 2001. From 1928 through 1982 you had about a 300 percent rise in the Dow. So some lenders blatantly looked the other way.
And the balloon became massively inflated. So the foundation beneath these market gains was very fragile.John: That doesn't sound like a bad thing though Bob? Bob: That would be fine if our economy grew 1.400 percent too. Personal income only grew about 10 percent over this time period and company earnings about 300 percent. But it didn't. right? . John: So now you've basically got this economy that's completely full of hot air.
Which was a shock to the system. Now the real estate market collapse applied enormous pressure on an already overly inflated stock market. Many people don't understand that about 70 percent of the U. It is still just stunning to me that you were in such a minority of voices that saw this travesty unfolding. and this led to a massive correction in consumer spending. it became harder to get credit. because they "couldn't see the forest for the trees. John: And. This money was only available because of artificially escalating housing prices.S. Bob: Most economists didn't see this coming. So a real estate and Wall Street collapse dried up the easy money. This is a big deal. Look at the chart on your screen now to see how fast Americans grew their debt compared to their income. and the banks became weaker.4 trillion in wealth was created from the refinancing of mortgages and home equity loans. $16. because Americans had become very spoiled by this easy money. economy is built on consumer spending. a private debt crisis was created. and salaries. And as foreclosures began to grow in numbers. real estate holdings. These losses were felt in our investment portfolios. retirement savings." .4 trillion in household wealth disappeared. Between 2001 and 2005 an estimated $2. These four bubbles bursting created one massive American explosion. we all know what happened next. But when this easy money spigot was shut off.Bob: Exactly. Hardly anyone was waving the red flag besides you and your team.
John: But you didn't stop there. Bob. And. Count me in that group. dollar devaluation. our viewers could use some good news. Bob: Everybody wishes we were wrong. But ignoring a problem this large is not the way to stay safe from it. And. Well. and interest rate games. our viewers would be in a better place right now if you were wrong on these predictions. But unfortunately you have been right all along. here's something that will get our viewers very excited . . . He's even gone as far as to say that the United States will default on its debt while picking the pocket of every citizen through inflation.7 trillion onto our already dangerous Federal debt tab. And. serious minds like billionaire bond investor Bill Gross believe that the total tab could be $75 trillion or more when you account for Medicare and Social Security. you and your team have completely updated "Aftershock" with new analyses. in the last year alone. and powerful guidance. And. a free copy of your new book. You are going to give everyone who's watching this interview. . Bob. second edition with an even more blunt assessment of what's to come in the years ahead. you are releasing this bold. In 2009 you released the best-selling book "Aftershock." which warned Americans of dollar and government debt bubbles that were set to expand from 2009-2012 and burst around 2013. we've piled on another $3. since Obama has been in office. John: Before we dive deeper into what lies ahead. the dollar has dropped 21 percent. predictions.
John: Well that's good news. But at the end of the day. I imagine the people watching this interview. end-of-the-world. Well. predictions. only people watching this interview can get this book for free as well as the hidden chapter. So what's in this hidden chapter anyway? Bob: Just like with the original "Aftershock. personal finance. and debt. the publisher didn't want to take the chance. the publisher believed this final chapter would be found by certain readers to be a bit too aggressive or startling. should the hundreds of thousands of people who read the original. And." right? And. right now. We also lay out a simple-to-follow and effective long-term blueprint for safeguarding your finances when the economy really gets bad. it's not some sort of apocalyptic. you are including the final chapter that was deemed too controversial to be included in the version that will be sold on the newsstands and Amazon. So this hidden chapter is one of the most important in the entire book. kind of chapter. And. The publisher thought this could be a problem for some who picked it up at the bookstore without realizing what "Aftershock" was about. just like in the original. We also reveal an additional. we paint a pretty grim picture of what America will be like if our findings come true. It covers how to approach your investments. we left this for the very end in a separate chapter. Also. We just talk about what day-to-day life will be like when the next great meltdown occurs. my team and I built a step-by-step wealth protection checklist into this chapter. So this is a new edition of "Aftershock. In fact. and guidance for readers throughout this book. are a bit more prepared for this kind of analysis. hidden bubble that is being ignored by everybody." we've included a great deal of analyses. if you found the first "Aftershock" helpful and informative.com. in the short term before the toughest times arrive. John: So just to be clear. we put some great investing and personal finance advice in that chapter as well. . get a copy of this latest version as well? Bob: This is absolutely a new edition. this version will be even more valuable to you and your family. And. However. Now. right? Bob: That's correct John.To get your free copy click here Even better.
So my team and I are happy to personally send this chapter to our viewers. And. It has kept interest rates at historic lows. let's talk about the future. John: Bob. it turned on the printing presses and drastically grew the monetary supply by 300 percent. Click Here to Claim Your 100% FREE Copy of Aftershock And. we got the green light to go ahead. can we do that for our viewers? Okay. What's in store for our economy? Bob: To put it simply. OK Bob. as well as the hidden chapter. we now have a situation where the medicine has become the poison. all this has done is delay the inevitable. you will get one of the autographed versions. It bailed out its friends at the banks and automotive companies. this is a long interview. So underneath this video is a chance to grab a FREE copy of the new edition of "Aftershock. Clicking on the button will not interrupt this interview." while we still have books available. The Fed has done everything it can to give Americans the appearance of a recovery. Donna.000 to act. So I'm going to ask my producer if we can put the button up on the screen now so folks can make sure they can get a FREE copy of this new edition of "Aftershock" immediately. And.000 copies of it to give out today. I've even personally autographed the first 1. It'll just open up a new window on your screen so you won't miss a word. . if you are one of the first 1.
Couldn't that be a sign of a possible recovery? Bob: That's all an illusion. They've seen how it has propped up the stock market and a good portion of the economy. . . it is up as much as 94 percent and many are saying that it could top pre-recession levels in the near future. .We will all soon see that while printed money has been the medicine of the so-called recovery . . . . Much of it is sitting in excess reserves at the Fed and with the big banks. Look at this chart and you'll see the stock market's initial gains simply shadowed the money-printing trail. it won't be very long before this money from heaven becomes a path to hell. John: So why don't they just stop printing money? Bob: Because they don't think it's a bad idea. And. These funds haven't made it into the markets and the economy yet. That medicine is about to become poison when the dangerous side-effects kick in. That hell being inflation. John: But this doesn't seem to be hurting the stock market. and this money passes through the reserves and hits the markets . But it's a mathematical certainty that once this dam breaks. Inflation will surge. Since bottoming out in March of 2009. You see that 300 percent increase in the money supply we've experienced . .
John: So Bob. And from 2013 through 2016. We aren't Zimbabwe. For example. That's preposterous. some of the more liberal-leaning economists are calling for even more aggressive money printing. But what many don't know. And don't listen to any economist who says it'll get that bad for us. And it's a very serious issue. Hyperinflation is 50 percent a month. to think that Krugman was awarded a Nobel Prize in economics! Frankly. They aren't worried about inflation. John: How can 10 or 20 percent be a harder hit than 100 percent? . You eventually become numb to the effects. 20. using the Fed's calculations. We definitely will NOT see hyperinflation. Isn't that extreme? Bob: For Americans. it is. I'm talking about 10 percent. how bad do you see inflation getting? Bob: I dedicate an entire chapter of the new edition of "Aftershock" to inflation. is that the most damage will be felt between 10. or thousands of percent a year. because there isn't much left to take from you at this point. we will likely start to see the first signs of aggressive inflation. After you get past 30 percent. And. But we absolutely could see 100 percent annual inflation for a three-year consecutive stretch. John: 100 percent for three consecutive years? That seems unfathomable. maybe 30 percent inflation. That's a bit extreme. And.And they believe they are fighting off deflation. John: Are you talking hyperinflation? Bob: Absolutely not. liberal voices like his are winning out over more fiscally conservative ones such as mine. Which of course would be a complete disaster for those who are not prepared. which needs a very long discussion. Paul Krugman has stated he thinks the Fed might need to print $8 trillion to $10 trillion to save our weak economy. which we all know are drastically underestimated. But I'll just say that by the end of 2012. it'll just be bad all over. it's going to get much worse.
So after 10. which causes real estate values to collapse. That's why they have been buying our own bonds and calling in favors across the globe. So why can't the White House.S Treasury debt. bond and physical dollar holdings. 10-year Treasury bonds lose almost half of their value. they've got about $3 trillion of U. John: You just touched on interest rates. the percentage of U. 20. On top of that. And since 1980. And the stock market will plummet as a consequence of these other problems. But that's what President Reagan and Paul Volker did during the stagflation of the late 1970s early 1980s.S. Fed. So you are saying that raising them after the big inflation has kicked in is dangerous. The United States and other countries will make dramatic efforts to save the dollar and unsuccessfully stave off serious inflation.S. Interest rates have to be dramatically hiked up at this point.S. Japan is sitting on $900 billion in U. . securities when you add in their other U. even 30 percent inflation. the vast amount of damage has been done.Bob: Once you hit 10 percent inflation. debt held by foreign investors has more than doubled. let me say that the Fed is looking to every other solution before taking the steps that Reagan and Volker did. The market will see to that.1 trillion of our Treasury debt to prop up the dollar's price so they can boost their exports to us. and Congress do it right now before inflation gets out of hand? Bob: Interest rates will absolutely be going up in the future. But before I answer your question. They've bought over $1. And by 20 percent any value is all but gone. Especially the Chinese central bank.
by 2016 a mass exodus of foreign investment could very well occur in the United States. much worse when we hit 10 percent inflation. And it will end.Frankly. Why not put Reagan and Volker's plan into play right now and aggressively raise the interest rates. hiking the interest rates as Volker did would end inflation quickly. Based on my analysis. I predict foreign investors will begin to significantly lose confidence in their U. Bob: From a purely economic standpoint. back in the 1980s interest rates on loans for businesses and people were hitting over 20 percent. John: So that brings me back to my question. Imagine if we start leaning heavily on the oil-rich countries in the Middle East to prop up our dollars? These countries aren't really pro-America. John: That doesn't sound like smart foreign policy.S. And. But this will get much. . China is already beginning to worry. which is not good for us. And.S. the United States has put itself in a position where it owes some very powerful countries like China a lot of favors. holdings sometime during. whether we like it or not. Bob: It's not. we need foreign investment in our stock and bond markets to keep them strong. or shortly after. 2013. whether the U. But remember. wants it to or not.
. And. government debt is mostly short term in nature. But it's not one without public backlash. Farmers actually drove tractors through D. John: Can you go into a little more detail about that? Bob: Absolutely. About 36 percent of it is in loans that last under a year. But nowadays. because they were outraged that they couldn't afford to operate their businesses. That means more than four out of every $10 the government spends comes from borrowed money. So it's a politically brave move. So Washington has to constantly roll this debt into new loans at the new interest rates. Right now we collect about $2 trillion a year in taxes. given our current government debt situation.5 trillion. But the biggest reason we can't aggressively spike the interest rates is it's economically impossible.You had massive protests. Washington is spending almost $3.C.
.So what if rates rose to 10 percent? We would have a hard time just paying the interest! So they will start with small raises in a futile attempt to curb inflation. But at the same time they will print more money to help keep from drowning as the interest rates hike the annual deficit. Bob: It is. John: That sounds like one step forward and two steps back. So modest interest rate hikes are coming in the near future.
And. They'll target the wealthy at first. But that won't get them enough money. . stocks. Seniors who live off their investment income will have a harder time getting by. still Washington will exhaust all other possible options because they know that aggressive interest rates will crush real estate. because politically it's the easiest road to take. they'll wait until there is no choice and the devastation is unfolding before they make the uncomfortable and unpopular decision to dramatically spike the rates. Median housing prices dipped 8. John: Do you think one of those revenue-boosting options will be to raise taxes? Bob: Unfortunately. So instead of acting now.It won't stop the inflation. And. Recently The Wall Street Journal announced that national housing prices fell for 57 months straight. In fact. it won't matter who's in the White House in 2013. all of this over-taxation won't solve the debt crisis. I don't think there is any getting around that. And. They'll need to go after middle-class Americans. They'll target average investors heavily. But. But some people may get their hopes up once our market improves or at least flatlines. it's not the only problem Americans are going to have to worry about. I don't like it. John: Let's discuss one of those problems. yes. we will continue to have a slow fall. What lies ahead for homeowners? Bob: In the immediate future. and bonds. And. Housing.2 percent in the last year. it will pop the bubbles they've inflated through reckless economic policies. But it's the lay of the land. the beginning of 2011 brought about the worst single quarter in real estate since the recession began.
My parent's mortgage in 1968 was 6.But mid-term. research shows that more than one out of every four homeowners is willing to walk away from their homes. Consider this. on average. Right now. Once the inevitable interest rate hikes set in and the values of people's homes drop even further. . The scope of the damage will be determined by how high interest rates eventually go. And. foreclosures are expected to jump 20 percent this year. that figure will jump even higher.5. some will be better. And 7. about another 5 percent to 8 percent of their home's value in 2012.5 percent. I think it could be even worse. So I believe people will lose. Famed housing expert Robert Shiller believes home prices could fall 25 percent in the next five years. I believe even worse than the first. if mortgage rates hit a reasonable 7. When I graduated college it was 15 percent. long term we are going to witness a massive collapse. it'd basically mean home prices would have to decrease by as much as another 32 percent. Some places will be much worse.5 percent is very reasonable. John: Because paying off a mortgage won't make as much sense as simply walking away and renting right? Bob: Exactly.
and even job tips. so put a specific number on the impact this will have on the stock and job markets. just remember there are always incredible opportunities in the markets. But these higher interest rates will hit the overall stock market just as hard too. Bob: In the first edition of "Aftershock. and the heightened risk of U. Bob: I believe many Americans. and updated best seller. Bob: OK. so our viewers can get your investing. "Aftershock. But these people won't starve in the streets. You just have to know where to look. here's how it'll play out. let's hear details about what lies ahead for the stock market and investments in general. personal finance. John: OK. lower dividends. no matter how bad it gets. the massive money printing we've seen over the last few years will continue to prop up the stock market. Compared to most countries. real estate.com. we'll give everybody watching this interview a free copy of the second edition of your rewritten. are still very rich. debt will create a poisonous cocktail like we've never seen. and less hiring. High inflation." I laid out a situation where we could see as much as a 90 percent drop in the stock market and 50 percent unemployment rate. this will be temporary. Plus more layoffs. In the short term." Click Here to Reserve Your Free Copy Plus. That is the worst-case scenario. what will life in America be like if what you predicted in both editions of "Aftershock. rapidly rising interest rates." comes true. But starting in 2013. That means lower profit margins. America. But before we do." will lose most of their money. And. . John: Bob. the medicine will become the poison on Wall Street. let me make it clear that regardless of how bad it gets. So government investments and those tied closely to them will become pretty dangerous bets.S. and growing worse and worse through 2015 and 2016. I stand by that assessment. And. and Americans. But. who don't listen to my advice in this new edition of "Aftershock. Companies will also be spending more money on borrowing costs as opposed to business expansion costs.John: Bob. the hidden chapter your publisher didn't print in the version available on newsstands and online sites like Amazon. in a few moments I'm going to tap into your mind. We will recover from all of this eventually. And.
Just about everyone's home will be worth much less in five years. mortgage rates. And. for greater insight intowhat caused this crisis and how bad it's going to get moving forward. we would still be a $7. Claim Your Free Copy of Aftershock Now You even reveal a hidden bubble in this chapter that nobody is talking about. Most importantly. The pain was felt at home. that's where it will be felt this time as well. this chapter includes a step-by-step checklist our viewers can follow to protect their wealth now and in the years ahead. I advise people to stay away from real estate. And. . Bonds that back up a lot of pensions and insurance policies will be destroyed. But many people's savings could be drastically lower. money from heaven is a path to hell. Higher inflation. as you've put it. People need the honest diagnosis concerning our economy and the best medicine for keeping their money healthy and safe. . Some forms of life insurance could be eliminated. all of this equals more job losses But people will not be rioting in the streets. I realize you go into greater detail on all of these points in the new edition of "Aftershock" that has just been released. . Bob: Look at it this way . they can look to the "hidden" chapter that won't be seen by those who grab the book from Amazon or any retail bookstores. Pensions will become unstable. Remember. What should our viewers be doing right now to stay safe? Bob: First and foremost. John: And. But let's focus on solutions now. So our viewers can use the free copy they are going to receive to get more information. This situation is no different. would you still use that doctor? Of course you wouldn't. John: You are right. like we recently had in Wisconsin. although there will certainly be many angry demonstrations.Even if our GDP dropped in half. The stock market will plummet.5 trillion economy. take two aspirin. we didn't see rioting during the Great Depression. but could have serious consequences for millions. and unemployment will suffocate the few breaths remaining in the housing market. If you had pneumonia. You aren't exactly painting a very positive picture for our audience Bob. Real estate has not hit bottom. and you're cured. So let's discuss the ways our viewers can protect their wealth in the troubling times ahead. and all your doctor did was tell you to not fret. this is all because our government has not learned that. And.
. the emotional attachment to a home goes beyond financial matters. strictly from a financial standpoint.In my opinion. Some insurance companies could even crumble. And I mean. So given our current situation. But I understand that's not practical for most people. and rent instead. all life insurance policies will be susceptible to very big losses due to their heavy exposure to long-term bonds. who have a fixed-rate mortgage. John: Should people staying in their homes. So it's not a small chunk of change. Especially if you are still working. or when you need to secure financing for another one in the future. So when interest rates rise. in my opinion. John: What about non-real estate loans? Bob: The most important one is your car loan. So if you are stuck in an adjustable rate loan. But a repossessed car is no good for you now. look to pay it down faster? Bob: Absolutely not. So stick to the minimum payment for now. I advise you to immediately refinance into a fixed rate. so will the rates on many of the cards you are holding. If you take my advice and pay just the minimum on your mortgage now. you can use the newfound extra money to pay your credit cards down faster. right now. you may be able to take out a lump sum payment now.600. So pay these off as soon as possible. and stocks. If you do. people should consider selling their homes while they still have a chance. commercial real estate. John: How should our viewers approach insurance? Bob: Good topic for this discussion. Don't put this off until tomorrow. And. Even the fixed-rate credit cards have loopholes that allow them to hike your rates. Once inflation hits 10 percent. John: What about credit cards? Bob: Well many credit cards are simply adjustable-rate loans. it does not make good financial sense to own whole life insurance. Use that extra money for shrewd investments and paying down more important debt. Higher inflation in the future means you will be repaying a cheaper mortgage since the dollar will be weaker. An average car loan for Americans now is about $12.
the retirement age would now have to be raised to 73 for average Americans just to maintain the same standard of living as in the 1940s. regardless of your net worth. John: Whether people are still employed or living off their investments. and the unreported tens of trillions of dollars in future costs pressing down on our economy. Medicare.000 saved up for retirement. who may still be working and do not have enough saved up for a comfortable retirement. even though it's been soaring in value. So it seems you are a fan of gold still. However. giving gifts to your children and grandchildren now can be very beneficial. This is composed primarily of healthcare. they are worried about the government taxing away more of their money. we need to see how this one will play out. Unfortunately. So for those seeking job security during the coming crisis. because they have no other choice. Because for tax reasons. So for our viewers.This will be much more valuable to you to properly invest now. So what can our viewers do to help protect themselves from higher taxes? Bob: Well. This will be much more valuable than cash or real estate when inflation hits hard. millions will now have to work until they drop dead. instead of enjoying their golden years. Bob: Yes! . Since the average life expectancy is currently about 78. basic food. Wells Fargo recently released a survey that says people in their 50s on average only have $29. these aren't the highest paying jobs. jobs will be tight. So I personally see people working later and later into their lives. you can get creative here by selling assets to buy gold to gift to your heirs now as opposed to in your will. education. what careers will be the safest in the years ahead? Bob: This is truly a sad epidemic. since it's much cheaper. Washington seems incapable of having an adult conversation on the entitlement issue. Plus. John: That's a good segue into investing advice. the necessities sector is the place to be. if we have a serious spike in unemployment. than when inflation really kicks in. Given the pullback in income growth as well as other economic factors like inflation and a weakened dollar. the safety nets many have relied on may not be there in the years ahead. and government services. basic clothing. But. I'd quickly recommend looking into estate planning. And. and obviously our viewers should really build a specific strategy with their accountants. Check to see your policy details on that though. And with Social Security. John: It seems people are putting off retirement until later and later in life. You can also focus on term life insurance instead. especially for people over 55. utilities.
. China 18 percent. It will burst eventually. Gold will continue to be a favorite safe haven for countries across the globe. wanes. You can take it anytime you like to though. India currently buys more than 20 percent of the world's gold. We dedicate a good bit of one chapter in the new edition of "Aftershock" to explaining the smartest ways to invest in gold now. and other countries will increase their stakes in this precious metal as confidence in the U. you can buy it from a gold depository. which we discuss in the book.S. With a depository. John: When do you see that happening? Bob: I could see gold's bull-run lasting another decade or more before the bubble bursts. only 10 percent of the world's total gold is purchased by the United States. But I know what investments are right for different conditions. we'll see truly remarkable prices during that time. and over the long term. I also like gold mining stocks. We've seen many billionaires and hedge funds begin to pour more and more of their wealth into gold over the last few years. but don't have to take physical possession. And. you have legal ownership of the gold. Right now. Which puts us right in line with Turkey. You can also buy gold ETFs that are 100 percent backed by physical gold.I'm not a "Gold Bug" by any means. But gold is just like any other bubble. John: Could you touch on some of those ways? Bob: As an alternative to carrying physical gold.
Canadian dollar. the higher the UDN goes up. agricultural commodities. For example. And. yen.In fact. But you can buy ETFs on the major foreign currencies. "Aftershock" is perfectly suited for everybody. You'll want to hold them as longer term investments that'll appreciate as the dollar continues to fall. TIPS. government bonds. Until serious inflation hits." John: What about other investments? Bob: Other precious metals like silver and even platinum are good choices over the long run. the more-experienced investors may find a great deal of benefit reading up on what kinds of options we think are suitable for profiting during the days ahead. but they will protect you against inflation much better than longer-term debt. We've just scratched the very surface in this interview. and the Nordic currencies. Because when the dollar weakens. such as the Norwegian krone. personal finance. After inflation really sets in. like the euro. . money management safe retirement. I highly advise our viewers to stay away from long-term bonds. the more money you make. John: And what about advice for our more seasoned investors? Bob: A very large portion of the new edition of "Aftershock" addresses tips for investors of all shapes and sizes. John: What about some unconventional investments our viewers may not have considered before? Bob: Foreign currencies are a great play right now for investors. gold mining stocks have been outperforming physical gold recently. Their low returns don't exactly make them very attractive. and Treasurys. We don't leave any stones unturned. lots of countries will be buying our commodities with their stronger currencies. and even our viewers' careers. we also offer advice for real estate. Trading currencies directly can be pretty risky so that isn't for everybody. Or how to properly take advantage of U. and Swiss franc. short-term bonds are OK. You can actually buy an ETF called the UDN that trades all of the currencies in the US Dollar index against our currency. Swiss franc. So the weaker the dollar.S. These are all very serious topics that need more time than we have today to truly go through. because along with all of these great investing tips. But not all gold mining stocks are created equal. Avoid long-term. Let me stress that again. I like the Canadian dollar. you will need to keep cash in short-term investments such as money markets. John: I couldn't agree with you more Bob. so my team and I point out the strong ones and how to identify the best opportunities in the new edition of "Aftershock.
" And. you are giving our viewers an incredible opportunity to build an unbreakable wall around their wealth that will protect them when the economy hits the very rough times you forecast in the new edition of "Aftershock. we had an opportunity to analyze the economy again. But they didn't. update our predictions. Obviously.Bob. and the White House had listened to your repeated warnings over the years. Not much though. as you know. But what was your motivation behind creating this entirely new edition? Bob: John." And. I wish our leaders at the Fed. your message that the time to act is right now. And.000 Americans grabbed a copy of the original "Aftershock. Capitol Hill. my team and I still had a lot more to say. John: Bob. and offer even more advice for staying safe. is very clear. the reviews from the press and prominent figures were just as positive. This came at a great cost to the company. And. And. But your warnings and guidance needed to be heard. Fortunately. We created the second edition of "Aftershock" so people who enjoyed the original book would immediately recognize it and look to it for guidance. Treasury. people who had not yet read the first edition still could protect themselves. "Aftershock" was viewed by many as a vital resource for Americans. . now that a couple years have passed. Bob. over 250. I'd like to show a few on the screen now. they flooded Newsmax with letters showing their appreciation. Because there is still time left to do so. Newsmax believed so much in the first book that we gave away tens of thousands of copies for free.
Three aggressive income plays. The solution is even more critical for survival in the dangerous economic times that lie ahead. isn't it? Bob: Yes. . We are going to give out a FREE copy of your brand new. As well as the "unpublished chapter" that was deemed too controversial to print and distribute to bookstores and online retailers like Amazon . debt. second edition of "Aftershock" to everybody watching this broadcast right now. And. we added some very specific tips for safeguarding your wealth in this section and a step-by-step checklist for preparing your investments. The message is even more important now. job. retirement savings. So. . We lay out specific investment. But they should be.And. John: Given your track record." In this new edition. you discuss the need for Americans to build a short-term and long-term protection strategy to prepare for the crisis you see starting in 2013. This book is going to be sold for $27 on newsstands and online retailers like Amazon. Plus. income investments. But the version Newsmax is giving away will be a little different than the one that is going to hit the stores. personal finance. Newsmax wants this "unpublished chapter" read. this chapter also describes a third bubble we saw on the horizon that absolutely nobody is talking about. in addition to sending you a free copy of the new and re-written. Disclosed in this report are: Four ultra-safe. . It's remarkable. because Americans face a complex and serious situation in the years ahead. second edition of "Aftershock" .000 copies will be personally autographed by you as well. So Newsmax is going to do it again. So they requested we omit a very important chapter that offered a grim assessment of what we saw occurring when the dollar and debt bubble burst. Newsmax is also going to send you a free copy of the critical briefing: The High Income Report. So every viewer will receive it when they accept their free copy of the new and rewritten edition of "Aftershock. . right? Bob: That's correct. your second edition of "Aftershock" picks up where you left off. The second edition of "Aftershock" is very comprehensive. you will need more income immediately to safeguard you and your family's wealth. Because as the economy begins an even more dangerous freefall. and everyday changes needed for both of these strategies. The first 1. you see the publisher wasn't exactly comfortable with our outlook for the future. . John: Newsmax wants to do its part to help ensure you have the guidance you need to get these strategies in place. and much more. As well as sound guidance on managing your money.
Secrets for staying safe from the stealth tax. David Skarica. I'm John Burke. The High Income Report has a $99 dollar value." Because you have decided to take the necessary measures to protect yourself in these troubling times. you'll receive investment recommendations so reliable that since 2003. And. And for your long-term protection strategy. and investing. and The Franklin Prosperity Report. With Newsmax's Gold Stock Adviser. Plus. And you are going to give them a great deal more when they claim a free copy of the re-written second edition of "Aftershock. who is one of famed investor Sir John Templeton's must successful protégés. Newsmax wants to do our part to help you. Stay safe! . I want to thank you for joining us today. It combines the vast knowledge and expertise of some of the world's most trusted voices in politics. Bob Wiedemer. Three foreign currency funds that will soar as the dollar continues to weaken. Bob: It was my pleasure John. The Financial Intelligence Report. a realistic retirement plan for turning every $50. And the returns have more than tripled those of the S&P 500. The Financial Intelligence report is Newsmax's flagship investment publication. but it's yours for free. The three-step checklist for picking dividend stocks. You can claim your free copy of the new edition of "Aftershock" by clicking the button below this video now. Newsmax's Franklin Prosperity Report will give you the wealth-protection tips you need so that you can follow Ben Franklin's immortal guidance of a "penny saved is a penny earned. The Gold Stock Adviser. 85 percent of all picks have been winners. we are including 100 percent FREE trial subscriptions to Newsmax's esteemed investment publications. Here you will receive powerful stories that aren't being reported by the mainstream media on the issues that affect your wealth. John: You gave our viewers a great deal of guidance and insight. the economy. thank you for sitting down to talk with me today. And. will hunt down the biggest profit opportunities in little-known gold companies.000 into $1 million. Three MLP investments that could deliver huge returns from energy." This now concludes Newsmax's Aftershock Survival Summit.
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