Same Caveat, Different Day

Aftershock:  

Here is another motivational talk. Remember, these two guys are remarkably prescient"

...When asked why next year is going to be so bad, Rogers didn’t mince words.

“The election is going to be over,” he said.

Rogers said that the government is printing huge amounts of money, and spending huge amounts of money, in an attempt to gain four more years in office.

“Next year is going to be very bad in the American stock market. Remember, we have an election this year. The government is doing everything it can to get re-elected. So next year is going to be a disaster,” Rogers added.

And, it turns out the huge amount of money being printed by the government isn’t the only reason that Rogers is pessimistic about the stock market for the next few years.

“We have had recessions every four to six years since the beginning of the republic, and next year is ‘four to six years,’” Rogers stated, alluding to the three-year bull market since stocks bottomed in March 2009.

Roger’s isn’t alone in his bleak outlook.

One economist has been sounding the alarm about our country’s reckless money printing and shaky stock market for years now. He knows all too well the consequences of our government’s misguided policies, and this knowledge enabled him to accurately predict the economic collapse that almost sunk the United States’ economy.

In 2006, Bob Wiedemer and a team of economists foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending, and published their findings in the book America’s Bubble Economy.

Unfortunately, Wiedemer’s outlook for the U.S. is far worse than Rogers’.

...While Rogers is concerned about inflation and a falling stock market creating a “very bad” 2013, Wiedemer sees much more widespread economic destruction, and much sooner.

In a recent interview for his newest book Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting this year.”

Editor’s Note: See the disturbing interview with Wiedemer.

When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “We will all soon see that while printed money has been the so-called ‘medicine’ of the recovery, that medicine is about to become the poison when the dangerous side effects kick in.”

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.

The blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including Federal Reserve Chairman Ben Bernanke and former Federal Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”

Shocking Footage: See the eerie chart that exposes the ‘unthinkable.’ ....

Read more: Aftershock: Jim Rogers 2013 Will be Worse