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Author Topic:   Aftershock is a theory that makes sense.
Phat
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Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


(1)
Message 1 of 13 (644031)
12-14-2011 10:19 AM


First off, I know that many of you will laugh at the idea that I fell for an internet book that is plugged online. This criticism does not concern me, however, because I believe that the author is onto something so obvious and inevitable that we all would do well to pay attention. (and we don't have to subscribe to his newsletter, either...its entirely optional! )
Looking at The World Debt and the US Debt, I believe that the authors are on to something.
I will explain more once I finish this book.
Edited by AdminPhat, : No reason given.

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Phat
Member
Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 5 of 13 (644048)
12-14-2011 3:48 PM
Reply to: Message 4 by Jon
12-14-2011 1:49 PM


Wrong "Aftershock"
That was the right title but the wrong book. Here is a review of Aftershock by authors David, Robert Wiedemer which is the one I am reading.
(Scroll down to the comments and read the rebuttal by the authors themselves over Fortune magazines book review)
The basic economic theory can be found at Economic bubble(wikipedia)
Edited by AdminPhat, : No reason given.
Edited by AdminPhat, : author edit
Edited by Phat, :

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Phat
Member
Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 8 of 13 (644088)
12-14-2011 10:51 PM
Reply to: Message 7 by Jon
12-14-2011 5:39 PM


The Authors Make Sense
It would be better to keep your arrogance to yourself. Clearly you dont take the threats mentioned in this book seriously, but many won't.
quote:
David and Bob Wiedemer's first book, America's Bubble Economy, published in Oct. 06, not only correctly predicted the "Great Recession" we are in before it started, but more importantly they predicted it for the right reasons in the right order. They predicted it would begin with the deflating of the sub prime loan bubble and then spread to the housing bubble, credit bubble, stock market bubble and finally consumer spending...
Basically, the authors talk about six interlinking bubbles. 4 have already deflated, and the last two, the US Dollar and the Debt Bubble...will send the economy over the edge.
While they do talk about gold, they are not in the business of selling it. They say that they are not gold-bugs, and in fact warn that gold itself will have a bubble when it is over speculated, but wont crash for a few years.
I find no flaws in their logic. I do, however, admit that it gives me a sort of smug assurance believing that the traditional financial intelligencia is blind to this obvious development.
Personally, the easiest way to pay the bill (on the 15 trillion dollars plus that we owe) is to inflate it away, paying it back in inflated dollars. I plan on putting my money where my mouth is and investing in some stocks that are gonna survive this quagmire.

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Phat
Member
Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 9 of 13 (644090)
12-14-2011 10:57 PM
Reply to: Message 6 by Buzsaw
12-14-2011 4:06 PM


Re: The Book Aftershock
Buzsaw writes:
I just got my hardback copy of Aftershock in the mail yesterday from Newsmax. I'm looking forward into reading it.
While I am currently not as apocalyptic as you are, I do believe that many people will turn (or return) to religion once their fantasy land of easy money goes away.
I will admit, also, that it gives me a sort of smug satisfaction that all of these college boys that made a killing with their business degrees at the rest of our expense will finally get kicked in the teeth by reality themselves. If the United States goes down, everyone throughout the world will and should suffer right along with us, but when we all come back, it will be a paperless monetary economy and a cashless global system replacing the tattered old one.

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Phat
Member
Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 10 of 13 (645544)
12-27-2011 7:01 PM
Reply to: Message 9 by Phat
12-14-2011 10:57 PM


Re: The Book Aftershock
bump

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Phat
Member
Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 11 of 13 (645983)
01-01-2012 10:03 AM
Reply to: Message 8 by Phat
12-14-2011 10:51 PM


Attention Crashfrog
quote:
...the easiest way to pay the bill (on the 15 trillion dollars plus that we owe) is to inflate it away, paying it back in inflated dollars.
Any time that money is pumped into the economy at the rate that Ben Bernanke has done in the last three years will make inflation inevitable.

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