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lisacindrich

lisacindrich

Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown

Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown - David Wiedemer, Robert Wiedemer, Cindy Spitzer Hmmm. Well, I wasn't real thrilled about the 'you can call our investment firm for help on how to handle your money during the upcoming hellish times' advertising aspect, but...

It's a sad comment on just how pessimistic I feel about the financial state of this country that Aftershock actually seemed LESS gloomy than I'd expected. Granted, they are forecasting the bursting of the dollar and government debt bubbles, the destruction of the dollar as the world's reserve currency, double digit inflation and interest rates, a potential 90% drop in the value of the stock market, etc. But the fact that they specifically do NOT predict hyper (cash-in-a-wheelbarrow) inflation or, you know, blood running in the streets gave my spirits rather a lift.

The 'bubble' charts they include are pretty damning. Amazing to see things like the real estate price index laid out on a chart covering a century and to see the incredible (seriously--incredible) spike stabbing upward as you approach the '00s. Too bad that the charts showing our federal debt and our money supply demonstrate the exact same spike. And then there's that chart showing that the stock market for the past few years follows the bouts of quantitative easing up and down like the most obedient lap dog in the world. Disturbing.