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.