| Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown |  | Authors: David Wiedemer, Robert Wiedemer, Cindy Spitzer
Publisher: Wiley
Category: Book
List Price: $27.95
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Rating:  16 reviews
Sales Rank: 156
Media: Hardcover
Pages: 273
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9 x 6.1 x 1.2
ISBN: 0470481560
Dewey Decimal Number: 332.024
EAN: 9780470481561
ASIN: 0470481560
Publication Date: November 9, 2009
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| • | ISBN13: 9780470481561 | | • | Condition: NEW | | • | Notes: Brand New from Publisher. No Remainder Mark. |
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Product Description
A practical guide to preparing for the next phase of the financial meltdown From the authors who were the first to predict Phase I of our current economic downturn-in their landmark 2006 book, America's Bubble Economy-comes their insightful sequel discussing their predictions for the next phase of the Bubble Economy. It may seem like the worst has come and gone, but it hasn't. With their proven track record of accurate predictions-which most financial professionals and economists missed-the authors explain how and why the next phase of the financial meltdown is about to hit. Things are not going back to how they were before. Instead, we are moving through uncharted territory, with new challenges and opportunities that few people can anticipate. Written in a straightforward and accessible style, Aftershock shows readers how to seek safety and profits in these dynamic economic conditions. - Discusses how to protect assets, businesses, and jobs before and during the second wave of financial meltdown
- Provides clear and accurate advice on how to profit from the collapsing bubbles
- Offer focused guidance regarding real estate, which will continue to be a pressing concern for many
The authors' first book was chosen by Kiplinger's as one of the 30 Best Business Books of 2006, and its accuracy has been hailed by Paul Farrell of Dow Jones MarketWatch when he said "America's Bubble Economy's Predictions, though ignored, were accurate." Don't miss out on these time tested author's proven advice for how to mange your money during the coming financial meltdown.
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| Customer Reviews:
Showing reviews 1-5 of 16
 Drop Everything March 9, 2010
Scott D. Hanson (NoDak)
1 out of 1 found this review helpful
No matter what else you are doing or plan to be doing, drop everything else and read this book. When you buy this book - get 20 copies because you will want everyone you know to read it also. Very easy read with vivid guidance. Arguments are compelling and well supported. Note to authors: Get rid of the shaded box on pages 107-108. This one ancillary item negates any conviction many readers may harbor that you have good judgment. (why tick off 56% of your readers with a statement that adds nothing to the book?)
A MUST READ FOR WHAT IS GOING TO HAPPEN IN THE NEAR FUTURE March 8, 2010
CAPTAINPHIL (FLORIDA,USA)
2 out of 2 found this review helpful
This is a book that is a must read for anyone who does not have a plan for the near future. These folks were accurate before and I am afraid what they say is going to be accurate now. I would recommend this book and the information they provide as a manual for survival when things get unpleasant in the future. If you follow the suggestions you will come out on top.
 empty promises March 7, 2010
Judith Preece (Parrish, FL USA)
3 out of 3 found this review helpful
I read the book 3 times in one weekend. I really liked it alot. The only problem I am having is, all through the book it makes reference to it's web page and blog. Well, I have been waiting since January for any info. to be on either of the two. There are about 6 comments on the blog, none of which have been discussed. There is no information at all from these authors and they said there would be. I don't know if anyone else has cared to check this out. I expected much more from this group. They seemed like they were on the ball, but promises, promises, promises....
An excellent word of warning March 7, 2010
Stacy (McKinney, TX USA)
2 out of 2 found this review helpful
Aftershock is a wonderful tool to see the bubbles in our econony. If you don't see them, you can't prepare for the results of them collapsing. Everyone should read it and decide how they will prepare for whats coming.
In its field: Outstanding; Outside: Not so good February 27, 2010
Marvin D. Pipher (Houston, Texas USA)
21 out of 22 found this review helpful
Although I don't particularly like the way this book is written and disagree with most of the irrelevant asides offered in support of the analyses: I find this to be the most complete and comprehensive analysis of America's ongoing economic problems that I have thus far encountered. In addition: the reasoned deductions which the authors draw from their analyses are far ranging and logical; and, for the most part, the conclusions which they reach are well justified and difficult to dispute. So, if you are looking for a book that will give you some valuable insight into what is happening to the U.S. economy today, and why; which explains how the ultimate collapse of that economy and the U.S. dollar will take place; and which forecasts what the United States and the world at large will be like following that calamity, then this is certainly a book which you should read.
I won't attempt to outline the book since other reviewers have probably done that already; and besides that might spoil the fun for you, the reader. But I would like to point out some of the seemingly gratuitous "asides" [not pertaining directly to the analyses] with which I disagree.
On page 170, the authors praise Franklin Delano Roosevelt (FDR) for freeing the U.S. from the requirement to back its currency with gold, instead backing in by "the full faith and credit of the United States government." In my view, no praise is warranted, since FDR's actions helped set the U.S. on the path toward to its own economic destruction. Also on page 170, the authors state that in 1973 the United States went off the International Gold Standard [stopped redeeming foreign-held U.S. dollars for gold in accordance with the Bretton Woods Agreement signed in 1944] because that was the only way we could continue to buy foreign goods. In reality, the U.S. was forced to stop redeeming foreign-held dollars for gold because by 1973 we had inflated our currency to such an extent that France and Great Britain began to question the safety of our currency and there was a run on our gold reserves. On page 188, the authors once again praise FDR for crossing over political boundaries to push through his New Deal policies. It is fairly common knowledge nowadays, however, that FDR's policies helped propel what is thought to have been a probable recession into a thirteen year depression ended only by America's entry into World War II. On page 195, the authors use the example of an independent physicist who, following the Challenger Accident in 1986, performed a simple experiment to show NASA why the accident occurred. In reality, Thiokol engineers pleaded with NASA not to launch STS-51L because the O-rings were colder than 53 degrees Fahrenheit. The decision to launch was made for political reasons not out of ignorance. On page 196, the authors praise the book "Silent Spring." That book, of course, misrepresented the science concerning DDT leading to its being banned and resulting in several million deaths worldwide due to malaria and other diseases. On page 200-201, the authors contend that gold is not a good store of value since its price fluctuates. In reality, the price of gold doesn't fluctuate. The price of various nation's currencies fluctuate relative to gold. To illustrate: The oil cartel members (OPEC) routinely adjust the price of oil, in terms of U.S. dollars, such that their return remains fairly constant in terms of gold. (Are they smarter than us, or what?) And, last but not least, on page 217, the authors praise Barack Obama for trying "to contain the growing blaze" [of uncontrolled government spending]. As we all know: Nothing could be farther from the truth.
But, one last thing: On page 187, the authors theorize that, at some far distant future date, some international assemblage will devise an international monetary system, independent of gold or any other metal, that "will be inflation-free because the system that controls the supply of IMUs [International Monetary Units] will be set up to avoid it." In all of man's history, gold is the only standard which has ever met that requirement! And human nature being what it is: How naïve can you get?
Regardless of all this: I can't help but offer my thanks and praise to the authors of this book for their in-depth assessment of America's troubles, particularly at this unique point in America's and the world's history. One can only hope that their work and this book will help bring more Americans to their senses and encourage them to take whatever steps they can to protect themselves and their families. Bottom line: This is a truly outstanding book in the field of economics, but outside that field, as demonstrated by the above noted "asides," it leaves much to be desired.
Showing reviews 1-5 of 16
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