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Aftershock - 10/28/2011 11:08:24 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Im not one to buy into conspiracy cases.... but this has piqued my interest. Anyone know anything about the writer or his "predictions"?

http://www.moneynews.com/StreetTalk/aftershock-financial-wiedemer-economy/2011/08/17/id/407695

It smacks of another conspiracy nut case.... but in light of all the problems with the economy... better to be safe and ask?

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RE: Aftershock - 10/28/2011 11:15:08 PM   
hlen5


Posts: 5890
Joined: 3/2/2008
Status: offline 		My first impression is that they are trying to get you to buy a book. I would have to read the book to see if the info has merit.

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RE: Aftershock - 10/28/2011 11:19:53 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Yeah, that was mine too. Im sure its working with the claim that he predicted the bubble.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: Aftershock - 10/29/2011 12:43:54 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Just another.

T^T

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RE: Aftershock - 10/29/2011 7:47:46 AM   
FirmhandKY


Posts: 8948
Joined: 9/21/2004
Status: offline
quote:

ORIGINAL: tazzygirl

Im not one to buy into conspiracy cases.... but this has piqued my interest. Anyone know anything about the writer or his "predictions"?

http://www.moneynews.com/StreetTalk/aftershock-financial-wiedemer-economy/2011/08/17/id/407695

It smacks of another conspiracy nut case.... but in light of all the problems with the economy... better to be safe and ask?

They predicted the Housing bubble, the credit bubble and the bank troubles.

I've read it, before they did this, along with several "doomsday" books in the same general vein.

They seem to have the facts and history to back up what they are claiming, better than any of the others.

They are also in the business of selling their services and newsletters.

Take it for what it's worth, but along with their earlier predictions and book, they seem to be pretty prescient.

Firm


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RE: Aftershock - 10/29/2011 8:00:05 AM   
FirmhandKY


Posts: 8948
Joined: 9/21/2004
Status: offline 		I went looking for videos of Weidemer pre-2008.  I don't have time to keep looking (gotta go help someone move), but I did find clips of Peter Schiff predicting our current troubles in 2006 and 2007, and against all kinds of other "experts" who laughed at him.

Pretty interesting set of clips:

Peter Schiff

Firm


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RE: Aftershock - 10/29/2011 8:02:39 AM   
erieangel


Posts: 2237
Joined: 6/19/2011
Status: offline
quote:

ORIGINAL: FirmhandKY

I went looking for videos of Weidemer pre-2008.  I don't have time to keep looking (gotta go help someone move), but I did find clips of Peter Schiff predicting our current troubles in 2006 and 2007, and against all kinds of other "experts" who laughed at him.

Pretty interesting set of clips:

Peter Schiff

Firm



Have these predictions ever stated the causes of the troubles?

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RE: Aftershock - 10/29/2011 4:25:16 PM   
FirmhandKY


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Joined: 9/21/2004
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quote:

ORIGINAL: erieangel

quote:

ORIGINAL: FirmhandKY

I went looking for videos of Weidemer pre-2008.  I don't have time to keep looking (gotta go help someone move), but I did find clips of Peter Schiff predicting our current troubles in 2006 and 2007, and against all kinds of other "experts" who laughed at him.

Pretty interesting set of clips:

Peter Schiff


Have these predictions ever stated the causes of the troubles?

Yes, in detail.

It's been a while since I read Weidemer, so I don't remember all the specifics. His book from 2006 talked specifically about the housing bubble, but now that it is (partially) past. Aftershocks talks in detail about the next two major bubbles: the dollar and the government debt bubbles.

Basically his thesis is that the US (and the world) economy has been driven by a series of overlapping economic bubbles, and we have seen the collapse of several of them so far, and there are a few more to follow.

From memory, the housing bubble, the stock bubble, the private debt bubble and the discretionary spending bubble have all hit (although the worst effects of the housing bubble is being contained - temporarily - by the government's actions).  The bubbles that have not collapsed yet are the dollar bubble and the Government debt bubble.  The last bubble will be the gold bubble.

From his Executive Summary:

What is a Bubble?

As asset value that temporarily booms and eventually busts, based on changing investor psychology, rather than underlying fundamental economic drivers that are sustainable over time.
What is a Bubble Economy?

An economy that grows in a virtuous upward spiral of multiple rising bubbles (real estate, stocks, private debt, dollar, and government debt) that interact to drive each other up, and that will inevitably fall in a vicious downward spiral as each falling bubble puts downward pressure on the rest, eventually pulling the whole economy down.

What is the Bubblequake?

Phase I of the popping of the bubble economy, including the fall of the real estate bubble, private debt bubble, stock market bubble, and discretionary spending bubble.

What is the Aftershock?

Phase II of the popping of the bubble economy.  Just when many people think the worst is over, then comes the Aftershock, when the dollar bubble and the government debt bubble will burst.

Firm


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Some people are just idiots.

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RE: Aftershock - 10/29/2011 6:28:43 PM   
hlen5


Posts: 5890
Joined: 3/2/2008
Status: offline 		Does the book say what will happen to bring everyone out of this tailspin?


ETA: Wow! I just watched the clip Firm posted abt Peter Schiff. If he was as savvy then, what he is saying now is positively scary. Start buying canned goods!!

< Message edited by hlen5 -- 10/29/2011 6:42:03 PM >

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RE: Aftershock - 10/29/2011 6:35:15 PM   
FirmhandKY


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quote:

ORIGINAL: hlen5

Does the book say what will happen to bring everyone out of this tailspin?

Ten to twenty years of depression.

Firm


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RE: Aftershock - 10/29/2011 6:41:43 PM   
TreasureKY


Posts: 3032
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From: Kentucky
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quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: hlen5

Does the book say what will happen to bring everyone out of this tailspin?

Ten to twenty years of depression.


You're putting that in far too optimistic terms. 

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RE: Aftershock - 10/29/2011 6:42:52 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Many economists at the start of the housing bubble said it would take at least 8 years to come out of it. If the rest are added, 20 seems appropriate.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to TreasureKY)
Profile   Post #: 12
RE: Aftershock - 10/29/2011 6:43:00 PM   
hlen5


Posts: 5890
Joined: 3/2/2008
Status: offline 		Then I guess what we need is a good war! Oh, ...wait......

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Profile   Post #: 13
RE: Aftershock - 10/29/2011 6:43:58 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		lol

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to hlen5)
Profile   Post #: 14
RE: Aftershock - 10/29/2011 6:44:02 PM   
hlen5


Posts: 5890
Joined: 3/2/2008
Status: offline
quote:

ORIGINAL: TreasureKY

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: hlen5

Does the book say what will happen to bring everyone out of this tailspin?

Ten to twenty years of depression.


You're putting that in far too optimistic terms. 



Too scary!!

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RE: Aftershock - 10/29/2011 8:28:50 PM   
SternSkipper


Posts: 7546
Joined: 3/7/2004
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quote:

Yeah, that was mine too. Im sure its working with the claim that he predicted the bubble.


We WARNED YOU IT WOULD BE MORNING TOMORROW!!
"Buy our eye-opening book and find out what to do when it's light out again"
Hint - the ending is "buy UV blocking sunglasses"



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RE: Aftershock - 10/29/2011 8:32:58 PM   
SternSkipper


Posts: 7546
Joined: 3/7/2004
Status: offline
quote:


What is a Bubble?
As asset value that temporarily booms and eventually busts, based on changing investor psychology, rather than underlying fundamental economic drivers that are sustainable over time.
What is a Bubble Economy?
An economy that grows in a virtuous upward spiral of multiple rising bubbles (real estate, stocks, private debt, dollar, and government debt) that interact to drive each other up, and that will inevitably fall in a vicious downward spiral as each falling bubble puts downward pressure on the rest, eventually pulling the whole economy down.
What is the Bubblequake?
Phase I of the popping of the bubble economy, including the fall of the real estate bubble, private debt bubble, stock market bubble, and discretionary spending bubble.
What is the Aftershock?
Phase II of the popping of the bubble economy. Just when many people think the worst is over, then comes the Aftershock, when the dollar bubble and the government debt bubble will burst.


Bottom line? No Michael Meyers, No Jason, No Witch Who Eats Children... therefore worthless as a Halloween read to the kiddies.



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Looking forward to The Dead Singing The National Anthem At The World Series.




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RE: Aftershock - 10/30/2011 10:17:05 AM   
FirmhandKY


Posts: 8948
Joined: 9/21/2004
Status: offline
quote:

ORIGINAL: hlen5

Too scary!!




Attachment (1)

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RE: Aftershock - 10/30/2011 10:28:54 AM   
tj444


Posts: 7574
Joined: 3/7/2010
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quote:

ORIGINAL: FirmhandKY

I went looking for videos of Weidemer pre-2008.  I don't have time to keep looking (gotta go help someone move), but I did find clips of Peter Schiff predicting our current troubles in 2006 and 2007, and against all kinds of other "experts" who laughed at him.

Pretty interesting set of clips:

Peter Schiff

Firm


Firm, what is your opinion on Dr Marc Faber and his views/predictions?

There were several that predicted this housing/bank bubble tho. Peter Shiff is interesting, I like watching him, he likes to discuss/argue with other people/predictors. lol I saw some youtube clips of him visiting OWS.. that was.. well..

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RE: Aftershock - 10/30/2011 10:31:42 AM   
Iamsemisweet


Posts: 3651
Joined: 4/9/2011
From: The Great Northwest, USA
Status: offline 		Those clips were amazing.
quote:

ORIGINAL: FirmhandKY

I went looking for videos of Weidemer pre-2008.  I don't have time to keep looking (gotta go help someone move), but I did find clips of Peter Schiff predicting our current troubles in 2006 and 2007, and against all kinds of other "experts" who laughed at him.

Pretty interesting set of clips:

Peter Schiff

Firm



_____________________________

Alice: But I don't want to go among mad people.
The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
Alice: How do you know I'm mad?
The Cat: You must be. Or you wouldn't have come here.

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