I'm not sure if this has anything to do with it. I was reading the book "Aftershock" They already made dire predictions that actually happened. What
they are saying for right now is that we are in a huge bubble crisis. It is six bubbles, and as one starts to collapse the rest will.
Real Estate was the first bubble that already started to collapse. It is not done yet. The others are the stock market, private debt, discretionary
spending, and then the two biggest that were on the bottom were dollar bubble and government debt bubble. Once those two burst, hold on to your
I haven't read through all of it as of yet. It seems there was an earlier version of the book where they put in a doomsday chapter that they didn't
put in the one I'm reading. He said the readers called it the Dr. Zhivago chapter. I don't know Dr. Zhivago, but it sounded dire. They also stated
they believed that changes will be made by the government before hyperinflation hits like it did in Germany.They are optimistic about that.
Their advice so far is not to go any further into debt. If you have an adjustable rate loan, see if you can get it financed with a fixed rate
especially a mortgage. Try to pay off as many credit cards and loans that have fixed rates. Get out of the stock and bond market all together. Get out
of real estate unless you have a buyer ready as soon as you pick up a house.
They were talking about the dollar being devalued, so therefore the prices of every thing is going to go up. They mentioned that if you can hold on to
your money, that after the bursts happen is that real estate is going to be extremely cheap afterwards.
They also predicted the price of gold is going to sky rocket, but will also create an unsustainable gold bubble. You need to buy it before the
government debt bubble and the dollar bubble starts to burst. When (I'm going to call it the gold bubble) gold bubble bursts, they are predicting gold
will be down under $100. I'm not sure when the government debt and dollar will burst or even if it already started to happen.
They gave a time frame between 2013 and 2015 when things really start to happen. That can be delayed by new government policies, and the people who
control the money.
Edit to add what I just read from the book: "This advice is given assuming all the bubbles, including government debt and the dollar bubbles, have
fully popped completely. This won't happen for awhile. We may get some popping of the discretionary spending bubble, for example, but the pumping up
of the government debt and dollar bubbles could temporarily pump up the discretionary spending bubble again - at least for awhile.
That is why we always say: Don't Panic! The final popping of these bubbles will take some time."
End of page 218 chapter the beginning of chapter 8 Aftershock jobs and businesses. I skipped ahead.
End of Edit.
We still have some time to get ourselves in a better financial position if all this does happen.
There is more in the book, so you would have to get a copy to find out what else is written in it. It is called "Aftershock" Next Global Financial
Meltdown revised and updated by David Wiedemer, PhD. Robert Wiedemer and Cindy Spitzer. Second Edition copywrited 2011.
If anyone read Aftershock, maybe they can fill us in a little more. If anyone read the first edition, could you please let me know what was in the
chapter that describes society after the meltdown.
I wouldn't put it past the government not to tell the public any of this to prevent a panic whether it was an investor panic or a riot on the streets
edit on 27/4/2012 by Mystery_Lady because: (no reason given)
edit on 27/4/2012 by Mystery_Lady because: Adding an excerpt from