Dire predictions
by our readers
Apr 03, 2013 | 6854 views |  0 comments | 5 5 recommendations | email to a friend | print
Robert Wiedemer, economist and author of Aftershock, warns of a financial breakdown in this country as early as this year and forecasts the unthinkable, like 50 percent unemployment, a 90 percent stock-market collapse and 100 percent annual inflation. We also could see a $20 a gallon rise at the pumps, $10 for milk and $8 to buy a loaf of bread. It’s enough to give us sleepless nights.

Aftershock is now a New York Times bestseller. In 2006, Wiedemer’s predictions accurately predicted the meltdown in the housing industry and stock market. Greece and Italy already are living with this harsh reality. Are we next in line? We may end up a bicycle-riding nation like China used to be. China will take a big hit if the United States fails because it invested heavily in U.S. debts.

Wiedemer calls the U.S. Treasury a “toxic asset.” He also advises to protect and prepare ourselves financially and refinance now if possible to keep our heads above water.

We all agree and know that this country is deeply in debt. Let’s hope that the debt bubble won’t pop soon and leave us in a hole we may have trouble getting out of. We don’t want to go through another Great Depression.

Hopefully, Washington will set the dominoes where they will fall in the right direction.

Margit Suesser
Anniston
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