Bob Wiedemer Predicts Collapse in 2 To 4 Years.
Bob Wiedemer Interview on Peak Prosperity
Bob Wiedemer is the co-author of “Aftershock” which was first released in 2009. The book talks about the continued downward spiral of the US economy. He is also the co-author of “America’s Bubble Economy” which was published in 2006. People who had read it and heeded it’s advice would have been spared much grief in the 2008 housing bubble collapse. Unfortunately, his track record has not earned him enough respect in the economic community. Bob Wiedemer is still labeled as a party poopper as his warnings of a catastrophic economic collapse are largely ignored.
In this edition of Peak Prosperity’s Featured Voices, Chris Martenson interviews Bob Wiedemer. In the interview, Bob discusses his present view of the global macro-economy. He also explains how the government attempted to mitigate the effects of the housing and consumer credit bubbles by inflating two more dangerous bubbles. Those bubbles are the dollar bubble, fueled by quantitative easing or increasing the money supply and the debt bubble, fueled by borrowing. The popping of these two bubble is what he describes as the “Aftershock”.
Bob Wiedemer goes so far as to call a timeline on the collapse. He estimates the collapse to begin within 2 to 4 years. I am always skeptical of trying to time the coming crisis. There are so many factors that can affect the timing. The final straw of any collapse is always confidence. If you can keep the masses convinced that everything is OK, you can keep up the can kicking for quite a while. When confidence collapses, everyone heads for the exit at the same time. That is a panic.
Mr. Wiedemer recommends gold and silver as methods of protecting your wealth in the coming collapse. He also states that he will get short US treasuries when he sees the bond bubble show signs of popping. We have mentioned that here on Prepper Recon on several occasions. We are not investment advisers nor do we give investment advise. That being said,when we see the bond market begin to pop, we intend to use inverse ETF’s like TYNS, TYBS, and TYO to protect our portfolio from the fall out. All investing is inherently risky and can lose money, so make sure you understand what you are investing in before investing.
Bob Wiedemer Interview on Peak Prosperity
The interview is available to download for free at Peak Prosperity. Chris Martenson is the creator of Peak Prosperity and has a very good handle on what is happening in the US economy. Has has developed The Crash Course, which is available for free and gives a near perfect presentation of the causes of the coming economic collapse.
If you are new to prepping or would like to learn more, read our 7 Step Preparedness plan. It will help you build a foundation in readiness so you can be more prepared for everything form a tropical storm to the end of the world as we know it.
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