NOTE: This post is not another one of those Hard Right, fundamentalist doomsday rants; this is just a brief, objective look at Aftershock 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 video… NEW: 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 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 Aftershock 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 Aftershock 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 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
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
- Aftershock Survival Summit – video on YouTube
- Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown – Amazon.com
- Robert Wiedemer, the man behind the Aftershock Survival Summit
- Aftershock Survival Summit – Teabook – same video, perhaps some comments
- America’s Bubble Economy: Profit When It Pops – Amazon.com
- Aftershock Survival Summit – LDS Freedom Forum
- Newsmax on the Aftershock Survival Summit
- Aftershock Economy: Protect yourself and profit from the next global financial meltdown
- ‘Aftershock’ Book Predicts Economic Disaster Amid Controversy – Intellectual Thought
- U.S. Economic Meltdown 2012: Debt Plan Band-Aid > Preparing For The Worst – Before It’s News – A great example of an alarmist post (the sky is falling)
- AftershockNow Shock Tactics – Campaign Outsider
- The Aftershock Survival Summit – Logistics Monster
Resources: Nassim, Mandelbrot
- Black swan theory
- Nassim Nicholas Taleb – Wikipedia entry
- Fooled by randomness – site of Nassim Taleb
- Nassim Nicholas Taleb: the prophet of boom and doom: When this man said the world’s economy was heading for disaster, he was scorned. Now traders, economists, even Nasa, are clamouring to hear him speak (20080601)
- The Bed of Procrustes by Nassim Taleb: The author of hugely influential tome The Black Swan now graces us with a selection of his aphorisms
- Nassim Nicholas Taleb at The Sunday Times Oxford Literary Festival – In an exclusive report from the festival, the irascible essayist and polymath tells us how to predict the future
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?) 🙂