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

David Wiedemer , Robert A. Wiedemer , Cindy S. Spitzer
3.8 out of 5 stars  See all reviews (275 customer reviews)

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More to Explore: Bonus Chapter
Read a bonus chapter (PDF)--available exclusively on Amazon.com--which details the authors' predictions and recommendations for a post-dollar-bubble world.

Book Description

August 2, 2011

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. Updated and fully revised, this Second Edition of the Wall Street Journal business bestseller Aftershock can help you:

  • Protect and grow your assets before, during, and after the next global financial crisis

  • Spot and cash in on the best new investment opportunities

  • Know which jobs, careers, and business sectors will fare the best

  • Profit rather than lose when asset bubbles collapse around the world

From the reviews of the critically acclaimed First Edition:

"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

"The fragility of today's economy demands that we, as investors, allocate our assets with more prudence and focus than ever before. The authors' prescience in their first book lends credence to their new warnings. This book deserves our attention."
—Robert Friedman, former CFO, Goldman Sachs

"Their first book, America's Bubble Economy, was one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy. Now they've done it again."
—Paul B. Farrell, JD, PhD, Senior Columnist, Dow Jones/MarketWatch



Bonus Chapter: Available Exclusively on Amazon.com
Read a bonus chapter--available exclusively on Amazon.com--which details the authors' predictions and recommendations for a post-dollar-bubble world.

Q&A with the Book’s Authors
Co-Author David Wiedemer
Isn’t the economy recovering now? Why worry about an Aftershock?
It may look like a recovery but this is really a fake recovery, driven by printing money and massive government borrowing that are temporarily slowing the fall of our multi-bubble economy. We are just kicking our problems down the road and making the future Aftershock that much worse.

How is the second edition of Aftershock different from the first edition?
The new Aftershock is more than 35% updated and contains our latest analysis of the current economy, plus our forecasts for 2012 and beyond. There are two entirely new chapters that you won't want to miss, especially the one on how the Federal Reserve's medicine will become a poison when thier program of quantitative easing eventually causes dangerous inflation and rising interest rates ahead. Future inflation is the single biggest threat to the economy and to your stocks, bonds, real estate, and cash. Throughout the new Aftershock, we show you how future inflation will damage the already falling bubble economy and what to do to protect yourself and your assets when it hits. There will even be a few ways to make money on inflation -- but only if you see it coming.

How is this book any different from all the rest?
Aftershock is the only book to correctly predict the economic mess we are in today and foresee what is next, based on a proven macroeconomic view of the evolving global economy.

What will be some of the first signs of the coming Aftershock?
Actually, it's already happening now, but it isn't easy to see unless you know what to look for. The second edition of Aftershock explains in detail what is ahead, how to see it coming, and what to do about it right now, while there's still time to protect yourself.

Have we seen the “aftershock” of the 2008 market meltdown yet? If not, when do you predict we will see its effects?
No we haven’t seen the “aftershock” of the 2008 market meltdown. We will see it when inflation nears 10%, which is likely about 2 – 3 years away.


Best Value

Buy The Aftershock Investor: A Crash Course in Staying Afloat in a Sinking Economy and get Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown at an additional 5% off Amazon.com's everyday low price.

The Aftershock Investor: A Crash Course in Staying Afloat in a Sinking Economy + Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown
Buy together today: $37.77

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Editorial Reviews

From the Inside Flap

From the authors who accurately predicted the domino fall of the conjoined real estate, stock, and private debt bubbles that led to the financial crisis of 2008 and 2009, now comes the definitive look at what is still ahead in 2012 and beyond—and what investors can do right now to protect themselves.

Based on the authors' unmatched track record of precise predictions in the two landmark books America's Bubble Economy and Aftershock, this Second Edition of Aftershock updates the original book by more than 35 percent with fresh analysis of the latest economic developments, plus offers new in-depth advice for how readers can prepare now for protection and profits in the next global money meltdown.

The second edition of Aftershock shows readers:

  • Why the latest actions by the U.S. Federal Reserve will eventually damage the dollar and hurt investors worldwide

  • How future rising inflation and interest rates will harm your specific investments, and what to do about it

  • The future fall of China's bubble economy, as well as current and future problems with European debt

  • Detailed investment advice about real estate, retirement, annuities, life insurance, and much more

  • What's next for stocks, bonds, currencies, commodities, and other assets

  • How to buy and own gold and silver before, during, and after the coming Aftershock

From the Back Cover

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. Updated and fully revised, this Second Edition of the Wall Street Journal business bestseller Aftershock can help you:

  • Protect and grow your assets before, during, and after the next global financial crisis

  • Spot and cash in on the best new investment opportunities

  • Know which jobs, careers, and business sectors will fare the best

  • Profit rather than lose when asset bubbles collapse around the world

From the reviews of the critically acclaimed First Edition:

"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

"The fragility of today's economy demands that we, as investors, allocate our assets with more prudence and focus than ever before. The authors' prescience in their first book lends credence to their new warnings. This book deserves our attention."
Robert Friedman, former CFO, Goldman Sachs

"Their first book, America's Bubble Economy, was one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy. Now they've done it again."
Paul B. Farrell, JD, PhD, Senior Columnist, Dow Jones/MarketWatch


Product Details

  • Hardcover: 320 pages
  • Publisher: Wiley; 2 edition (August 2, 2011)
  • Language: English
  • ISBN-10: 0470918144
  • ISBN-13: 978-0470918142
  • Product Dimensions: 6.5 x 1.1 x 9.4 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (275 customer reviews)
  • Amazon Best Sellers Rank: #1,267 in Books (See Top 100 in Books)

More About the Authors

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Customer Reviews

Very well written and thought-provoking book. Mathurian  |  45 reviewers made a similar statement
Whether or not you believe the predictions, the bubble economic theory is worth it! Ralph S. Thomas  |  30 reviewers made a similar statement
Most Helpful Customer Reviews
1,278 of 1,358 people found the following review helpful
Format:Kindle Edition|Amazon Verified Purchase
If you would like to visit the author's website, hire them to financially advise you, or simply buy their friend's books, then you'll have plenty of opportunities during this read. Shameless plugs and weblinks are littered throughout so many of these pages you'll probably catch yourself laughing in spite of it all.

And seriously, I have never encountered a more pretentious self-congratulatory pat-themselves-on-the-back-and-then-do-it-again group of authors in my life. Ever. It's tolerable at first, annoying next, unbelievable, and finally comical. Is it entertaining? Oh ok, you'll finally be entertained by their level of arrogance... but probably because you suspect these guys (and gal) don't even realize it.

Their message is simple and never approaches the more erudite levels of their contemporaries. They even complain about their failure at publishing in peer reviewed journals at one point. More sour grapes appear when they devote a huge section of the book (probably about 35%) to attacking practically every economist in the known world. At least they explicitly reveal to the reader exactly where each economist makes their mistake and how they should proceed down the path of redemption. Hell, they even take on the entire SCIENCE of economics at one point.

It's a fun read though and I enjoyed it. It's a serious topic and these guys are probably pretty damn close to predicting what will happen in the next few years despite their sophomoric approach. Go ahead and buy it if you are interested, but in case the Aftershock has already left you penniless, here's the summary:

The U.S. will hit their credit limit when foreign entities quit buying our T-bills. The Fed will continue to buy bonds to manipulate the market, massive inflation will occur, so you better have stocked up on gold because nothing else will protect you.
Was this review helpful to you?
349 of 370 people found the following review helpful
2.0 out of 5 stars Why are we writing this book? September 8, 2011
Format:Hardcover|Amazon Verified Purchase
After reading this book I can't decide if it was written as an educational piece or for self-promotion and aggrandizement. Granted the economic theory and facts are correct but about a third of the way through I was tired of the continued "patting ourselves on the back" by the authors. I was even more disenchanted with the authors when I found that they are promoting a free and "secret filled" final chapter that is only available if you order directly from their website. In my eyes this gives them major credibility issues. I would also argue that this books theories and facts could have been plainly stated in about a hundred pages which, without the emotional hysteria, would would provide us with a better basis for discussion.
Was this review helpful to you?
187 of 197 people found the following review helpful
Format:Hardcover|Amazon Verified Purchase
Highly summarized version: "Unload your debt, sell your stocks, sell all your real estate, buy all the gold you can afford, and hire us to give you this advice but using more and longer words--oh, and economists are stupid (except for us)."

The early chapters in this book explain why the authors believe that the global economic failure that was made visible through the failure of Bear Sterns and Lehman Brothers, and led to a material collapse of the U.S. housing market, is fundamentally different than a cyclical expansion/contraction phase. And we see the word "bubble" so many times that we yearn for a more comprehensive thesaurus that might have provided the authors with different word choices.

Later chapters make the case that the worst is yet to come, with the most significant risk to the U.S. being the astonishing accelerated accumulation of U.S. federal debt, reaching the point that we'll never pay it off. Yes, the U.S. government is headed for default. That will create a level of inflation high enough to decimate the value of most of our investments, sending that value to to "Money Heaven", in their words. They advise getting out of stocks, selling our real estate (because they believe we're nowhere near the bottom of the housing slump), unloading any high-interest debt we have (up to and including defaulting), and staying away from any long-term commitments.

Given this future state, the authors explain why they believe gold is clearly the investment vehicle of choice and they anticipate a future price of gold so high that they don't actually state it in the book for fear of losing credibility. They suggest that those of us with any substantive asset base should at least subscribe to their newsletter (free for a two-month trial basis!), and they just happen to run a consulting business and would be happy to work with us to provide more specific advice.

And lastly, the end of the book is spent explaining why the field of economics has failed all of us in a number of ways. First: No one else seems to have been able to predict the situation we're in now; Second: no one else seems be able to see what the authors see coming in the future; Third: economists have failed because they haven't had a bright idea since they introduced computer modeling. I'm no economist, but I have to say I'm skeptical when three people (the authors) tell me that every living economist on the planet has failed. And more curiously...I don't know why they even bothered to include that chapter in the book, as it has no bearing on explaining the problem nor in determining solutions.

To their credit, these authors have successfully predicted, in advance and in writing, many of the events we've seen in the past four years, and because of that they deserve an open-minded but critical audience. If we get nothing else from this book, we see the authors' views on what the global economic future could look like, and based on how much we've been persuaded they're right, we can start taking steps to protect ourselves.
Was this review helpful to you?
Most Recent Customer Reviews
1.0 out of 5 stars Thank you amazon reviewers
All I can say is thank you to Amazon and the people who place reviews. I can't click each review to say it helped but after reading many on the 'Aftershock' book and newsmax video... Read more
Published 6 hours ago by Richard Sager
4.0 out of 5 stars Aftershock 2 book
I like the book, but its taken me longer to read than anticipated. Great information, just too busy to read it. Read more
Published 4 days ago by S. Manai
5.0 out of 5 stars Understanding the Economy
I have read several books on money and economy and tried to understand the material but finally gave up and decided this is just not forte. Read more
Published 4 days ago by Cordy L. Chapman
4.0 out of 5 stars Shocking
It gives good insight about what the future may hold for us and it is not all good. I like that it tells us to be prepared and watch careful as things begin to unfold. Read more
Published 6 days ago by William C. Ralston
3.0 out of 5 stars Review
Aftershock contains good information on the state of our economy, but it is difficult to sift through the content and be able to put together exactly what the authors are trying to... Read more
Published 7 days ago by Jessica Maddox
2.0 out of 5 stars Good way to start a business to save us all, but share almost no...
The do not give many answers that could seriously help the readers. Instead they supply you with phone numbers what will help you become their clients. Read more
Published 7 days ago by larry kelly
5.0 out of 5 stars Startling Facts from Creditable Author
With an unfortunate but true prediction about our recent financial meltdown behind him, Wiedemer presents more facts and potential outcomes that are certainly not comforting but... Read more
Published 10 days ago by Mountain Woman
2.0 out of 5 stars Not what I was hoping for.
This book still leans towards stock and gold. For real protection I don't agree with putting my money "on the line" when other people are rolling the dice. Read more
Published 14 days ago by driscollkid
5.0 out of 5 stars Very Well Written and Easy to understand
This is a MUST read for those of you, like me, who have reservations about the Federal Reserve Bank and it's actions to print billions of dollars to purchase US Treasury Bonds QE,... Read more
Published 15 days ago by Charlie
5.0 out of 5 stars A little repetitious but drives home the message to those interested...
A little repetitious, but drives home the message to those interested to be very proactive to protect one's finances and savings.
Published 19 days ago by Geraldine J. Buteyn
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Sell All Your Real Estate?
Rocketman, I just wrote a review saying basically the same thing. They are 100% wrong about this and while they have some good points, the fact that they've overlooked such an important point makes me wonder what they were thinking. I would not want to be stuck holding cash...but real estate is... Read more
Jan 23, 2012 by Jimmy Sheenan |  See all 11 posts
Problem with Money Supply Graph in AfterShock?
Mike,
There are several ways to measure the money supply and we chose monetary base (MB) because this is a more reliable indicator of inflationary potential than other measures (M1 or M2). M2 ultimately is a multiple of the base money, and will respond slowly to an increase in base money.

This... Read more
Nov 3, 2011 by The Aftershock Team |  See all 12 posts
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