Truck Month Spring Reading 2016 Amazon Fashion Learn more Discover it $5 Albums Fire TV with 4k Ultra HD Beauty Mother's Day Gifts Amazon Gift Card Offer ctstrph2 ctstrph2 ctstrph2  Amazon Echo  Echo Dot  Amazon Tap  Echo Dot  Amazon Tap  Amazon Echo Fire, Only $39.99 Kindle Paperwhite AutoRip in CDs & Vinyl Shop Now May4th
Customer Review

172 of 191 people found the following review helpful
2.0 out of 5 stars Shocking: both book and possible future senarios, August 30, 2011
This review is from: Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown (Hardcover)
I guess if one is online with NewsMax.com one can be offered this book for free...but get suckered into signing up for two expensive newsletters, of the authors, for which you will have to opt out if you don't want them, and just wanted their free book. So beware.

1. As a piece of writing, it is pretty convoluted and reads much like a sales direct mail piece with lots of redundancy...maybe to make it more like book length. In other words, I don't believe they had a good outline for the book in the first place, or just really don't have a grasp at teaching their own theory.

2. Some of the information gives a good lesson regarding things to research, just like we should be aware of why there is a possibility of default by our government. Although a better and quicker understanding of this is found in the videos on YouTube regarding "Money as Debt." Banks continue to create money out of "assets" which are nothing but debt to be repaid with fewer and fewer dollars. Although Aftershock says we, i.e. the Federal Reserve banks, are printing more dollars to create a "bubble," and those "dollars" are in the banks as reserve; they really are nothing more than debt as asset. The authors don't tell us this.

3. The book does show us some statistical examples, but we don't know where they come from, in order to check accuracy or credibility, and the authors analysis may or may not be correct. We do know that the country's debt will not be sustainable as it continues to grow with fewer and fewer dollars to pay the interest on that debt, and just as happened with Argentina some years ago when they stopped paying interest on their debt, and banks (Continental of Chicago) and businesses collapsed here in the states, the U.S. default on debt could create havoc in the rest of the world as well.

4. The authors are so wrapped in their "bubble" theory that they don't explain it very well, just repeating the possibility of a 'Pop.' Yes they audaciously promote their businesses,but do along the way give some a bit of a window into what may be going on and how things are interconnected economically. They say they didn't change this 2nd edition drastically other than bringing it up to date...I wish they had.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the full guidelines here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
  [Cancel]

Comments

Track comments by e-mail
Tracked by 1 customer

Sort: Oldest first | Newest first
Showing 1-1 of 1 posts in this discussion
Initial post: Nov 2, 2011 2:50:46 PM PDT
Thanks for your comments Paul. You're absolutely right that a US default will spell worldwide trouble.

The fractional reserve system in which banks create money as debt is an important topic and one that has been dealt with by many authors. If we don't explain it in this book, it's because we want the book to be as accessible as possible, and ultimately it does not change the fact that when the Federal Reserve prints massive amounts of currency and pumps it into the economy by buying bonds, we end up with a much weaker dollar.

The statistics we cite in the book can be easily researched in the internet age. WE haven't been challenged by anyone regarding any of the data presented. As for offering our services, many readers wanted more in-depth and specific assistance regarding their financial situations in response to our earlier publications, and we launched a variety of services in response. Mentioning those services in our books is the only outreach we do for them.

We do hope to publish the broader theory on which our predictions are based, so hopefully that will address what you think is missing. Stay tuned.
‹ Previous 1 Next ›