Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown Hardcover – November 9, 2009
There is a newer edition of this item:
Best Books of the Year So Far in fiction, nonfiction, mysteries, children's books, and much more.
Customers Who Bought This Item Also Bought
—Michael Casey, MarketBeat, blogs.wsj.com/marketbeat, November 2009
" … 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, Smart Money, December 2009
"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, December 2009)
"This is a page turner, but it will be slow reading from the standpoint of having to constantly stop and make notes in the margin or pause to see how a particular point directly effects the reader’s own situation. Reading this book will make you aware of economics like you’ve never previously been aware."
—James Holland, Basil & Spice, December 2009
From the Inside Flap
This is not merely a down market cycle, the authors explain, nor is it a typical recession. It is a multi-bubble economy that is being hit by a "Bubblequake"—and the coming Aftershock will be far more dangerous. Aftershock details the next bubbles about to burst, including the Dollar Bubble and the Government Debt Bubble, while there's still time to protect your assets and position yourself to survive and thrive in this dangerous, yet potentially profitable new environment. They offer specific advice on how to profit and, more importantly, how not to lose money during the Aftershock. They identify the best Bubblequake and Aftershock investments—those that take advantage of a falling stock market and those that take advantage of a falling dollar. And they reveal where the jobs will be in what they call the "Necessities Sector," composed primarily of health care, education, and government services.
Despite how well the economy appeared to be doing in 2006, these authors predicted it would only be two or three years before America's multiple bubbles would begin to decline and eventually burst. It turned out they were right. There is still time for individuals and businesses to cover their assets and even find ways to profit in the Aftershock. Those who followed the authors' advice in 2006 have profited handsomely—and now, readers of Aftershock will get a second chance.
Top Customer Reviews
This book was recommended to me by a friend who is pretty financially savvy, and as such I had high hopes. Unfortunately, about 7/10ths of this book is spent by the authors trying to convince you a) they have been right in the past, and therefore you should listen to them now, b) other authors have gotten it wrong for (insert reason here), and c) alll the *really* useful information, is available on our (paid) website. In other words, it's like reading an infomercial, where they occasionally throw you a useful tidbit to keep you interested.
With this in mind, here are the are five basic concepts from the book that seem worth noting, most of which are covered in the last three chapters:
1. In modern societies, advancements tend to follow a "STEP" trajectory (Science -> Technology -> Economics -> Politics), which is a useful framework to keep in mind when you are thinking about where a given technology is in terms of both political systems and investment cycles.
2. Several governments around the world are on a trajectory with their debt that will result in widescale sovereign debt defaults, currency crises, significantly higher taxes and drastically lower government spending.Read more ›
This book is a scam.
It only serves two purposes:
1. To purchase more investment products from the authors on their website. They interrupt the book every 2 chapters to insert a half-page ad for their investment services.
2. To convince you to buy gold through the highly dishonorable and fraudulent sources that they recommend, probably because they get a kickback for referring you. For example, their book refers you to a page on their website that highly recommends buying gold through a gold depository company called Monex in Newport Beach (California), yet this company has stolen millions of dollars from its customers, is rated D- by the Better Business Bureau, and is the subject of countless lawsuits!! Go ahead and do a Google search yourself for "Monex Fraud" and you will see that I am telling the truth. They also have similar recommendations about deceptive gold ETFs who are the subject of fraudulent investigations, and they even lie themselves in the book by saying that if you invest in an ETF, you can request the gold to be shipped to you. This is not true... ETFs never have and never will ship gold directly to the public. Why in the world would these authors be pushing people towards all these fraudulent companies??
There are many other problems in this book as well, including links to third-party web pages that have never existed, and questionable "facts" about past events. These authors love to twist past events into tales that nicely fit their book's premise.
Be very careful about believing anything that is said in this book... This book may lead you down the path the financial destruction sooner than they predict, and it will all be because of them trying to make a quick buck for themselves.
I am going to contact amazon.com to see if I can get a refund on this shameful book.
o They suggest shorting the market with inverse ETFs. That strategy would have been a disaster in the year after March 2009 when the stock market soared.
o They write that the Euro community will be much more solid than the US dollar in the near term. Now we see the Euro in collapse with the US dollar doing fine.
Also, I find it extremely annoying that the authors constantly point to their previous book and say "We got those predictions right, so you should look carefully at what we have to say now." Such hubris usually leads to unfulfilled predictions.
Particularly with this constant pointing to their previous clairvoyance, I was really disappointed that there was nothing in this book (other than "buy gold"--surely not a new idea) that I found helpful in my investing tactics. I was disappointed in myself for wasting time reading most of the book.
The nation will survive because basically the country is wealthy and will still be so after the economic bubbles have all popped and forced everyone and their government to live within their means.Read more ›
Most Recent Customer Reviews
After all is said and done, more is said than done. (Aesop)
This book is full of analysis and commentary. Read more