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Business/Finance See other Business/Finance Articles Title: The Coming Financial Crisis May Cause a 90% Stock Market Drop And 50% Unemployment URGENT WARNING: The Coming Financial Crisis May Cause a 90% Stock Market Drop And 50% Unemployment . . . Learn How To Protect Your Wealth, Your Job, And Your Family The Aftershock Survival Summit Transcription Broadcast on Newsmax Media John: Hello and welcome to Newsmax's Aftershock Survival Summit. My name is John Daly. And, I want to thank you for taking part in this very important discussion. As you know, while nobody was looking . . . Neither the Federal Reserve nor the Treasury . . . Not Congress or even the White House . . . The American economy began a catastrophic descent in 2006, as the early stages of the real estate crisis started taking shape. Two years later, in 2008, the true scope of the devastation became crystal clear, as the stock market collapsed, the credit markets dried up, banks melted down, and unemployment began to soar. America was thrust into a recession and a period of national misery not seen since the Great Depression. Every citizen in this country felt the stress, the fear, and the uncertainty that came with not knowing how long the malaise would last . . . nor how deep the damage would be. We all know this story by now. But why were the people in Washington, whose sole responsibility was to prevent this kind of a meltdown, incapable of protecting us from this crisis? Why did the leaders of America allow our country to sink into this financial abyss? What does the future hold for our great nation? And how can you, and your fellow Americans on Main Street, stay safe from what lies ahead? We will be addressing these issues today. And, you are going to meet a true voice of reason that this country needs right now. You see, back in 2006, while the stock market was surging and real estate prices were soaring . . . Chart Chart An unheralded team of economists was working tirelessly to spread the word about the impending dangers that threatened our great nation. Economists They released a book called "America's Bubble Economy" that accomplished what no one else seemed able to. America's Bubble Economy They predicted, with startling accuracy, what would happen when America's “bubble economy” started to pop . . . Their analysis was not the "20/20 hindsight" that is so commonplace today. They were well ahead of the curve, and swimming against a tide of financial optimism. These maverick economists sounded the alarm about a chain reaction of crashes that were to come in real estate, the stock market, private debt, and consumer spending. They laid out a clear and straightforward message: the end game was near. And had the "powers that be" paid heed to these economists, the lives of all Americans would have been better. But their warnings were not welcomed by the mainstream media or by those on Capitol Hill. And the devastation of their predictions are still being felt to this day. Aftershock Sensing that the worst was still to come, that we had only postponed the inevitable, this team of economists returned in 2009 to pen the follow-up book "Aftershock." This time, Americans were willing to listen to the unfortunate truth about our nation's financial health, and "Aftershock" quickly became a New York Times and Wall Street Journal best-seller. With multiple editions, sales of their books have reached nearly 1,000,000 copies. This incredible book predicted two more bubbles — U.S. government debt and the money printing/dollar bubble . . . And, since the release of "Aftershock," our federal debt keeps surging to unsustainable levels and the money printing presses have been working overtime. It is clear that they were right again. That’s why you need the real story and you need to know what steps to take to stay safe before a second, and much more destructive economic meltdown, strikes the United States. And, that's why we are joined today by one of the economists who have been helping Americans prepare for the coming crisis. Bob Wiedemer, thank you for being here. Bob: My pleasure John. John: Bob, my goal for this interview is to work with you to build an effective action plan for our viewers regarding their homes, investments, retirement savings, debt management, life insurance, and even jobs. But I want to start by saying that you're also not going to mince words, or paint a rosy picture for our future . . . So Bob, is it safe to say that our viewers need to be prepared for your message that any signs of a recovery may be nothing more than false hope, or simply an illusion? Bob: Unfortunately, John, that’s exactly the case. John: Alright, you’ve got me worried Bob, but let’s get started. Basically, your message in "Aftershock" was that the recession was bad . . . But that the worst was still ahead, and Washington is still ignoring the problem. Is that correct? Bob: Well, yes . . . and no. I do believe we have some very tough times ahead for our country. And, most in Washington are refusing to address the true scope of the situation. They are actually working hard to create a much bigger disaster. Millions of Americans will face some difficult hills to climb to avoid getting caught up in this economic disaster I see unfolding. Sadly, we are past the point of no return. And people are now starting to realize this. The Pew Research Center released a poll that stated 63 percent of Americans say the economy is no more secure today than it was before the market crash in 2008. I agree with the diagnosis, but not the level of security. We are actually much less secure than before the last crash. Fortunately, right now we are still in a critical period. A few simple decisions can be the difference between personal economic collapse, and financial prosperity. This is a situation to be taken very seriously. I can't be any clearer than that. Poster Comment: Shades of 1929. Post Comment Private Reply Ignore Thread
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