What is Aftershock Survival Summit?

book cover - Aftershock - Robert Wiedemer

NOTE: This post is not another one of those Hard Right, fundamentalist doomsday rants; this is just a brief, objective look at Aftershock Survival SummitAftershock Survival Summit

Postscript: After reading this post, at least one reader believed I was pushing, supporting, or helping to spread the opinion/ message of the Aftershock author. I’m not; FYI, I voted No in the poll. Take everything you read with the proverbial grain of salt; for matters personally important to you, please perform your own research – as objectively as possible. Thanks for reading; I truly appreciate it. Now, on with the post…

What is this Aftershock Survival Summit I keep hearing about? (Scroll down to get right to the videoNEW: After you’ve had a chance to consider the predicted scenario, please vote on whether you believe this will happen.)

The gist of the Aftershock Survival SummitAftershock Survival Summit is to warn readers about an impending global fiasco – a severe global depression with deadly consequences – which is predicted to strike the United States and the world within the next couple of years. But it goes beyond just warning those who would listen; investment advice and survival strategies are at the core of the message.

Perhaps the AftershockAftershock Survival Summit Survival Summit is merely another attempt to create a viral, fear-based message with its warning of economic disaster Robert Wiedemer’s Foresight Group says is coming in 2012 or soon thereafter.

Or maybe AftershockAftershock Survival Summit Survival Summit is simply a clever marketing ploy designed to help Robert Wiedemer sell more books. Wiedemer accurately predicted the 2008 economic downturn in a 2006 book, so he’s already correctly forecasted one fiscal disaster.

‘Scared the Hell Out of Me. It Was a Great Wake-Up Call (Although I Wasn’t Really Asleep)’ — Russell H., from Wichita, Kansas

An Estimated One Million Americans Have United to View This Powerful Warning to Prepare for a 2012 Economic Crisis! I Strongly Suggest You Take the Time to Join Them by Launching a Private Airing of This Broadcast Below . . .

Here’s the Aftershock Survival Summit video:

How much attention should we pay to the prognostications of the Aftershock Survival Summit?

IMHO, this is a tough question – but it’s an easy one for the paranoid conspiracy-theory types. (I can easily visualize a light mist of spittle in the air as Glenn Beck excitedly, almost insanely launches a fresh gloom-and-doom rant, finally devolving into crying and sobbing before he’s finished…)

I don’t believe we should lightheartedly participate in gloom and doom chatter and gossip. On the other hand, I cannot help thinking that investment strategies designed to perform well in poor economic times are probably quite wise; after all, the question isn’t whether there will be another major economic downturn; the trick is in the timing.

About the author of Aftershock

Robert Wiedemer is President and CEO of the Foresight Group, a macroeconomic and risk assessment firm that helps investors and businesses make better decisions through well informed and objective economic forecasts and analysis.

In his seemingly prophetic 2006 book, Aftershock: Protect Yourself and Profit in the Next Global Financial MeltdownAftershock: Protect Yourself and Profit in the Next Global Financial Meltdown Robert Widemer anticipated both the real estate and stock market collapse. Soon thereafter Wiedemer came out with a follow-up book, Aftershock, which immediately topped Amazon’s bestseller list. Aftershock has been praised by some; Dow Jones said Wiedemer’s book “is your Bible; read it, get into action, and be a winner.” Standard and Poor’s reportedly said that Wiedemer’s “track record demands our attention.”

Wiedemer isn’t alone; such grave predictions are not restricted to the conspiracy theorists or even the Glenn Beckian gloom ‘n doom, sky-is-falling realm.

Related opinions about the global economy

Mr. Benoit Mandelbrot – ultra-intelligent mathematician and the father of fractals who passed away in 2010 at age 85 – shared some of his opinions about the economy and global finance.

YouTube video: Benoit Mandelbrot thinks we’re all screwed

Many intelligent folks know who Benoit Mandelbrot is: the pioneer of fractals, a major contributor to chaos theory, mathematician extraordinaire. Nassim Nicholas Taleb’s 2007 book The Black Swan was described in a review by Sunday Times as one of the twelve most influential books since World War II. Put these two thinkers and prognosticators together (pre-2010) and they’d likely portend a global economic catastrophe.

…Taleb is now the hottest thinker in the world. He has a $4m advance on his next book. He gives about 30 presentations a year to bankers, economists, traders, even to Nasa, the U.S. Fire Administration and the Department of Homeland Security… (Sunday Times)

Resources: Aftershock Survival Summit

Resources: Nassim, Mandelbrot

Do you believe the basic premise of Aftershock - that there will be a global financial meltdown in 2012?

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Updates to this post
9/28/2011: Aftershock poll added to allow voting
Friday, August 19, 2011 – Removed: (And did they stop for a moment to think that the acronym they’ve given the phenomenon is ASS?) :)

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8 thoughts on “What is Aftershock Survival Summit?

  1. Chuck

    Well this is really stupid. If you really believe that inflation is going to spike then you should purchase a bunch of farmland or housing now and in 5 years at 100% inflation you can pay it off for 3% of your purchase price. Plus the fact that by then everyone will be looking to put all their wealth into tangible assets so the price will have doubled or tripled by then.

    What a joke. It ain’t gonna happen.

    Hope you get a bunch of money from the click through. You are selling your rep for a few pennies.

    Right wing paranoia. Flip side of the 911 truthers.

  2. Stephen Post author

    Sometimes I think I ought to place a disclaimer statement on every single page, but I won’t go to the trouble for various reasons. In any case, I suppose it’s wise to occasionally remind anyone who happens to read these posts of the following:

    My linking to various sites and other content does NOT necessarily indicate my agreement with the content.

    I often summarize the results of research I perform hoping that it will help the occasional visitor, or perhaps give a reader or two a bit of a shortcut in gaining what I learned in far less time than I spent.

    As with everything else you read – and I do mean everything (there are no exceptions) – do not take my word as the final answer on anything. Everything you read or hear is slanted toward a particular viewpoint, even when the writer attempts to be as objective and as fair as possible. For any and all subjects that are important to you personally, be certain to perform a reasonable amount of objective research on the matter for yourself.

    When seeking answers, carefully consider the source.

    I am certainly not trying to encourage anyone to become an affiliate marketer; this is none of my business. So far, I have not made any $$ on the affiliate links. Do I hope to? Sure – why not?

    Thank you very much for visiting, reading, and especially taking a bit of your valuable time to leave a comment. I wish more visitors would do just that, even if they disagree or despise what I have written; it’s not for everyone. If one limits one’s activities out of fear of offending others, that person probably isn’t reaching his or her potential. I could stand to lose some fear myself.

    Enjoy – and always do your homework via objective research!

  3. Pingback: Notes: August 2012

  4. Daisy V Williams

    Thanks for all your hard work Stephen. I haven’t made up my mind – lots to absorb and more to read. But you have given us one place to find it all! Cheers! :-) Daisy

  5. Alex Tudor

    What a bunch of alarmist BS with the purpose of selling books, it is 2013 and nothing happened. Whatever.

  6. dara chidls

    I think its fair to say that the author’s predictions are a bit extreme or sensational, however I don’t think there is any doubt that this country will face a severe financial crisis that makes 2008 look tame. The point in all this I think is not to confuse the inevitable with the imminent. Predicting what will happen is easier than predicting when.

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