Here are the indisputable facts: In the last year, our nation’s credit was downgraded for the first time in history, and Moody’s recently warned of another possible downgrade in 2013.
Our national debt is nearly $16 trillion, or nearly $51,000 for every man, woman, and child in America. And, if you count those too discouraged to look for work, or working part-time because they cannot find full-time employment, the unemployment rate is 15%.
And here’s why a group of leading economists are worried: We have managed this abysmal “recovery” even with interest rates at historic lows.
So what happens when interest rates rise and we can’t afford our debt payments? How bad will inflation be when the hundreds of billions of dollars the Fed has printed finally hit the economy?
And what will happen to the stock market and real estate prices when interest rates finally rise?
While 15% unemployment, a looming credit downgrade, an inflation crisis, and ballooning debt constitute a bleak outlook for the United States, there is one beacon of hope.
This beacon of hope comes in the form of a clear, concise, and comprehensive blueprint for economic survival that every American must read.
The team of economists behind this blueprint, led by Robert Wiedemer, have an unprecedented track record of predicting destructive economic events.
Now, Wiedemer and his team have published Aftershock, which details a clear plan for every American to protect and grow their wealth, regardless of which politician wins the White House or which political party holds sway over Washington, D.C.
In a tell-all interview for Aftershock, Wiedemer outlines why it is more important than ever for citizens of this country to prepare for the worst.
“The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation ... starting in 2013.”
Editor’s Note: See the disturbing interview with Wiedemer.
Wiedemer calmly laid out a clear explanation of why such a dramatic collapse is a virtual certainty.
It starts with the reckless strategy of the Federal Reserve to print massive amounts of money out of thin air in an attempt to stimulate the economy.
“These funds haven’t made it into the markets and the economy yet.
But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge,” said Wiedemer.
“Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse.
And the stock market will collapse as a consequence of these other problems.”
The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.
Fortunately, Wiedemer also offers solutions that every American can use to protect and grow their wealth during the challenging times ahead.