English: NASDAQ in Times Square, New York City...

English: NASDAQ in Times Square, New York City, USA. (Photo credit: Wikipedia)

Economist and author of New York Times best-selling book Aftershock Robert Wiedemer recently predicted a future  90% drop in the stock market despite of the current Dow Jones all time high.

  In 2006, he wrote a book America’s Bubble Economy predicting the 2007-2008 market. He was one of the few sane voice  in the midst of the country’s frenzy bubble before the crash ( my husband personally predicted it too and advised our friends, but it went unheeded).

He explains the reckless printing of money out of thin air by Federal Reserve to stimulate the economy is about to catch up with the American people with high inflation, high interest rates, real estate collapse and the 10-year Treasury bonds losing half of its value resulting to another stock market crash.

Robert Wiedemer in a video interview for his book Aftershock (interview viewed 40 million times already) said the reason why Buffett, Paulson and Soros are selling their stocks because companies instead of borrowing money for expansion would instead be borrowing money to prop themselves up as they face less profits, less dividends and less hiring but more lay offs. Weidemer’s outlook is also shared by the small businesses in America, according to recent surveys conducted. Wiedemer’s “worst case scenario” prediction is being noted by millions of people resulting to networks and affiliates no longer showing the interview. Newsmax Financial Publisher AaronDehoog, due to public demand, is showing the interview on their website for a limited time only.

Copyright 2013 katenews2day



    • I agree with you…but remember America is now loaded with clueless voters from the left who sure have opinions but not based on facts or common sense. Enjoy your Valentine’s Day :). God bless.

  1. Corporations are borrowing at hisoric low interest rates because they intend to repay that debt at pennies on the dollar once the Treasury bubble bursts. That will support their share prices.

    • I believe this year the Dow would go up until latter part of this year. They know 2014 when Obamacare kicks in the market will crash and this is the last time the market can really rally. Turbulence is coming next year and how long and how ravaging the Obamacare storm would be are still the undetermined factors but its coming next year as the most terrible economic tsunami to hit America is a definite .

  2. and where is this video?!?! another post about this story with no link…. viewed by 40 million people? you sure about that?!?

  3. This is simply a new way to repackage the old “end of the world” scare tactic in order to sell books. This is no different than all of Glenn Beck’s fruitless rantings and no different than Y2K, 12/21/2012 or Nostradamus.

    This is just for a slightly less superstitious but equally gullible audience.

    • He has a record of predicting correctly the 2007 crash. But the inevitable crash that is going to happen is our govt. debt problem. The Fed has been propping up the economy with quantitative easing buying every month $85 billion worth of debt and mortgage assets. Once they stop buying the govt. debt and the mortgage assets from big banks, who is going to bail them out? By the time Obama leaves the office, debt is going to be $20 trillion and all government revenues will just be enough to pay the government welfare obligations to the people, without the defense included.

  4. You really make it seem so easy with your presentation but I find this
    topic to be actually something which I think I would never understand.
    It seems too complex and very broad for me. I’m looking forward for your next post, I will try to get the hang of it!

    • I love learning things and I read a lot of books but it was my husband who taught me the “basics” when it comes to understanding economic stuff 🙂 I was an eager student and he’s a patient teacher.

  5. I agree that our govt. is in financial trouble, but the religious references, supernatural, Rush, Fox, & Beck articles tell me that your blog is very, very partisan & borderline paranoid & is therefore not anything but another attempt to help the GOP regain power. Good luck to you & Rove. I’m sure the country will be cured of all it’s ills when the GOP gets back in the White House. Or not.

    • Thanks for your comment. You can say the same thing to liberal media like MSNBC, Huffing Puffing Post, Salon, Daily Beast and others. I’m on the right side, not on the wrong side and that’s just how it’s going to be:)

  6. It never ceases to amaze me how so many people are obamanized without even looking into the facts, “Just because Obama says it is was it is”, most uneducated people drop to their knees and believe Obama. That is one reason he got elected, he lied about the things he said he would do for the American people and the economy, that many idiots took what he said hook line and sinker.
    Most average people do not really understand the financial industry and how decisions handed down by our Government today can, and will effect folks in the long term.
    Many people cannot see to the end of their arm but believe what they hear from people who have a slick tongue.
    Maybe when the Debt reaches 20 Trillion dollars after Obama leaves office and the Obama’s lives a comfy free life 100% paid for by the American tax payers, and the freebie’s stop getting to the people with their hands stretched out, then most of the general public will wake up from the dream and find out what nightmare they really are in.

    • Obama’s lap-dog supporters don’t think but they base everything on their irrational love for him. Democrats don’t think but they only feel. It’s like talking to an irrational teenager why she should not date a bad guy but her only answer is ‘But I love him!’ as if that takes care of everything.

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