Below are just a few of the forecasts, predictions and insights contained within America's Financial Apocalypse (2006 expended edition). If you have not already read this book, we highly advise you do so immediately, as this book will remain valuable for many years to come.
- Predicted the collapse of the commodities bubble in 2008/2009 and told readers that would be the time to buy - Chapter 14
- Warned that the credit rating agencies were passing AAA ratings to risky mortgage debt – p. 219
- Warned of the lack of adequate regulatory authority over the MBS market positioned it for a massive collapse – p. 222
- Warned of a mortgage-related derivatives meltdown resulting in losses in the trillions of dollars – p. 221
- Warned that the banks would suffer as a result of the implosion of the MBS market – p. 223
- Warned that an implosion of the MBS market would lead to a massive sell-off in global stock markets - p. 223
- Stated the that Fannie and Freddie would be bailed out by taxpayers – p. 221
- Predicted Dow Jones 6200 - Chapter 16, pp. 336-42
- Predicted the collapse of the housing bubble would lead to a 30-35% decline in median home values, and 50-60% in CA, FL and select cities.
- Recommended readersto short Fannie, Freddie, other mortgage stocks, banks and homebuilders (Cashing in on the Real Estate Bubble).
- Warned that the collapse of the real estate bubble and stock market would lead to the “Poor Effect,” opposite to that seen during a rising stock and real estate market – p. 201
- Provided exhaustive evidence of a massive real estate bubble ready to burst – Chapter 10
- Warned that GM and GE would collapse due to the real estate implosion – p. 223
- Warned that the ABS markets would implode – p. 223
- Predicted and proved irrefutable evidence there would be a depression – Entire Book
- Predicted there would be a New Deal – p. 346
- Warned about the entitlements tsunami which will, by absolute necessity result in massive tax hikes -- Chapter 11
- Addressed healthcare as the second biggest long-term problem faced by America and detailed the problems - Chapter 7
- Advised investors to trade the volatility of gold rather than buy and hold – p. 381
- Advised investors to invest in oil trusts as a way to deal with the high volatility of oil -- Chapters 17 and 18
- Mentioned the possibility that the Fed would intentionally create massive inflation in order to pay off the huge national debt – p. 362
- Provided a generic asset allocation for conservative, moderate and aggressive investors – in each case, Cash was the #1 asset (so they would be able to buy after the market crashed). p. 383
- Other assets recommended were oil trusts, gold, silver, Chinese funds (note my warning that China’s economy would correct, indicating a time to buy below), healthcare, TIPS, Dollar hedge with the euro – p. 383
- Predicted an inflationary depression followed by brief periods of deflation if things got really bad (we experienced deflation during Q4, 2008) -- Chapters 16 and 17
- Discussed effective ways to manage risk – pp. 376-385
- Detailed how the government manipulates economic data (GDP, inflation, unemployment) and WHY - Chapter 11
- Explained how America today (2006) shared many similarities to pre-depression America – Chapter 16, pp. 343-346
- Warned of the possibility of China dumping U.S. Treasuries or using this threat for economic (such as unfair trade and currency manipulation) and political leverage pp. 308-309, 312
- Explained how corporate America is destroying the middle class – Chapter 12, pp. 322-325, 257-262
- Detailed America’s two-decade period of declining living standards – pp. 243-248
- Proved how the economy under Bush was a disaster and was set to implode – Chapter 15
- Explained how the dollar is backed by oil and how the Saudis have a huge amount of control of the fate of the U.S. economy, pp. 310-311
- Predicted that most baby boomers would never be able to retire due to the stock market collapse – Chapters 8 and 13
NO ONE ELSE made these specific forecasts.
NO ONE ELSE wrote about all of these issues in advance.
NO ONE ELSE predicted (and presented massive evidence of) a depression.
Check Amazon and see why virtually no one has read America's Financial Apocalypse, but so many have read so many of these useless books out there; books that were written at a "For Dummies" level; books that were much more wrong than they were right; books that did not discuss anywhere near the problems that AFA did. Want some examples? How about EVERY SINGLE INVESTMENT BOOK WRITTEN.
This should confirm two things. The vast majority of investors are sheep AND the vast majority of investors are led into the slaughterhouse by the media.
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