Gerald Celente : here is a trends alert that we sent on June 13th it says 'Collapse it is coming are you Ready ?' everything is not alright and things are going to get worse much worse the economy is on the threshold of calamity ...the pundits on TV are always screaming that it is a buying opportunity never a selling opportunity even when the DOW crashed last Friday , these politicians do not represent you they only represent the very rich and special interests , we need direct democracy let the people vote says trends master Gerald Celente , if we can bank online we can vote online.
Tuesday, August 9, 2011
‘Aftershock’ Book Predicts Economic Disaster Amid Controversy: 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence
Robert Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown,” quickly is becoming the survival guide for the 21st century. And Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive interviews and prophetic predictions, already has affected millions around the world — but not without ruffling a few feathers.
Initially screened for a private audience, this gripping video exposed harsh economic truths and garnered an overwhelming amount of feedback.
“People were sitting up and taking notice, and they begged us to make the video public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.
But that wasn’t as simple as it seems. Various online networks repeatedly shut down the controversial video. “People were sending their friends and family to dead links, so we had to create a dedicated home for it,” DeHoog said.
(Editor's Note: Watch Bob Wiedemer’s Aftershock Survival Summit video)
This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he was one of three economists who co-authored a book correctly warning that the real estate boom and Wall Street bull run were about to end. A prediction Federal Reserve Chairman Ben Bernanke and his predecessor, Alan Greenspan, were not about to support publicly.
Realizing that the worst was yet to come, Wiedemer and company quickly penned “Aftershock.” However, just before it was publicly released, the publisher yanked the final chapter, deeming it too controversial for newsstand and online outlets such as Amazon.com.
“We got lucky,” DeHoog said. “I happened to read the original version, which contained this ‘unpublished chapter,’ which I think is the most crucial in the entire book. Wiedemer gave Newsmax permission to share this chapter with our readers.”
With daily economic forecasts projecting doom and gloom and no recovery in sight, people need to learn how to survive economic disaster. During the past quarter alone, unemployment skyrocketed to 9 percent. Inflation continues to soar and the U.S. national debt crisis is still on the fence between raising the debt ceiling or massive budget cuts, with no resolution in sight.
During Newsmax’s Aftershock Survival Summit video, Wiedemer discusses the dire consequences of Washington, D.C.’s, bipartisan, multi-decade “borrow-and-spend” agenda. He also explores the inflation nightmare, the impending plunge in home prices, the looming collapse of the stock and bond markets, a possible historic surge in unemployment, and how to survive what life in America will be like in the days of the “Aftershock.”
Despite appearances, Aftershock is not a book with the singular intention of scaring the heck out of people. Although it does provide a harsh outlook for the economic future of America, the true value lies in the wealth of investment tips, analyses, predictions, budget advice, and sound economic guidance that people can act on immediately, offering a ray of recovery hope and an indispensable blueprint for life after shock.
Viewers of Newsmax’s Aftershock Survival Summit video heard detailed advice for handling credit card debt, home and car loans, life insurance, unemployment issues, how to beat inflation, making personal budget cuts and many more recovery tools to survive the economic aftershock. They also took advantage of a special Newsmax offer for a free copy of the new edition of “Aftershock,” which includes the final “unpublished chapter.”
(Editor's Note: Watch Bob Wiedemer’s Aftershock Survival Summit video)
For a limited time, Newsmax is showing the Aftershock Survival Summit and supplying viewers with free copies of the “Aftershock” book (while supplies last).
Initially screened for a private audience, this gripping video exposed harsh economic truths and garnered an overwhelming amount of feedback.
“People were sitting up and taking notice, and they begged us to make the video public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.
But that wasn’t as simple as it seems. Various online networks repeatedly shut down the controversial video. “People were sending their friends and family to dead links, so we had to create a dedicated home for it,” DeHoog said.
(Editor's Note: Watch Bob Wiedemer’s Aftershock Survival Summit video)
This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he was one of three economists who co-authored a book correctly warning that the real estate boom and Wall Street bull run were about to end. A prediction Federal Reserve Chairman Ben Bernanke and his predecessor, Alan Greenspan, were not about to support publicly.
Realizing that the worst was yet to come, Wiedemer and company quickly penned “Aftershock.” However, just before it was publicly released, the publisher yanked the final chapter, deeming it too controversial for newsstand and online outlets such as Amazon.com.
“We got lucky,” DeHoog said. “I happened to read the original version, which contained this ‘unpublished chapter,’ which I think is the most crucial in the entire book. Wiedemer gave Newsmax permission to share this chapter with our readers.”
With daily economic forecasts projecting doom and gloom and no recovery in sight, people need to learn how to survive economic disaster. During the past quarter alone, unemployment skyrocketed to 9 percent. Inflation continues to soar and the U.S. national debt crisis is still on the fence between raising the debt ceiling or massive budget cuts, with no resolution in sight.
During Newsmax’s Aftershock Survival Summit video, Wiedemer discusses the dire consequences of Washington, D.C.’s, bipartisan, multi-decade “borrow-and-spend” agenda. He also explores the inflation nightmare, the impending plunge in home prices, the looming collapse of the stock and bond markets, a possible historic surge in unemployment, and how to survive what life in America will be like in the days of the “Aftershock.”
Despite appearances, Aftershock is not a book with the singular intention of scaring the heck out of people. Although it does provide a harsh outlook for the economic future of America, the true value lies in the wealth of investment tips, analyses, predictions, budget advice, and sound economic guidance that people can act on immediately, offering a ray of recovery hope and an indispensable blueprint for life after shock.
Viewers of Newsmax’s Aftershock Survival Summit video heard detailed advice for handling credit card debt, home and car loans, life insurance, unemployment issues, how to beat inflation, making personal budget cuts and many more recovery tools to survive the economic aftershock. They also took advantage of a special Newsmax offer for a free copy of the new edition of “Aftershock,” which includes the final “unpublished chapter.”
(Editor's Note: Watch Bob Wiedemer’s Aftershock Survival Summit video)
For a limited time, Newsmax is showing the Aftershock Survival Summit and supplying viewers with free copies of the “Aftershock” book (while supplies last).
'Fear Gauge' Near 'Flash Crash' Level
The stock market's "fear gauge" staged its biggest one-session rise in four years Monday as U.S. stocks careened lower in the first trading session since Standard & Poor's Ratings Services cut the credit rating for the United States.
The Chicago Board Options Exchange Volatility index, or VIX, climbed 39% to 44.55 recently as investor fled stocks and pushed Dow Jones Industrial Average down as much as 605 points. Monday's VIX jump marks the biggest percentage rise since Feb. 27, 2007, when the VIX soared 64%.
Monday's intraday highs touched levels not seen since the aftermath of the May 2010 "flash crash," when the measure pushed as high as 48 on an intraday basis. The VIX broke 40 in intraday trade for the first time since May 25, 2010. The VIX measures the price investors pay for protective options contracts on the Standard & Poor's 500 index and tends to rise when stocks fall.
A VIX reading over 40 "says that right now there's uncertainty, there's panic," said Luke Ribahri, partner at Stutland Volatility Group in Chicago. "With the Dow down 500 points on Thursday, nearly 600 points now -- it's scary."
Traders said Standard & Poor downgrade of the U.S. credit rating late Friday to double-A-plus from triple-A compounded fears that global economic growth is slowing.
"It's outright panic," said Andrew Wilkinson, senior market analyst at Interactive Brokers in Greenwich, Conn. of Interactive Brokers.
"Right now, investors are stretching in all directions trying to protect themselves," Mr. Wilkinson said. "Liquidation of portfolios and a general risk-off appetite is causing panic in traditional measures of risk."
Trading volume was robust in the options market as investors heavily favored bearish put options contracts. Nearly 3 puts changed hands for every 2 calls across the options market, a ratio far above the average for the last month, Trade Alert data show.
Options volume was on pace to hit record levels for the third-consecutive session, according to data from OCC, the industry's clearinghouse.
Traders in the options market piled into puts of trading vehicles like the SPDR S&P 500 exchange-traded fund.
In one large options trade in the ETF, traders set up a bearish two-part trade that profits most from a decline in the SPY to $110 by the end of the week. The SPY shed 5.2% to $113.81 in recent trade. Another large options trade in the SPY saw traders close out of an existing September $121 put and extend the hedge into more pessimistic September $115 puts, according to derivatives strategists at Susquehanna Financial Group.
Puts grant the right to sell an underlying security at a set price by a fixed expiration date, while calls grant the right to buy.
The Silver Bears Are Back For Part 7
Everyone's favorite cartoon is back after the silver bears make yet another return appearance, this time number 7, in which more than anything,zt is made clear that the name of Blythe Masters will live in infamy long after she no longer has anything to do with the price of silver, and, allegedly, its ongoing suppression.
Which Stocks do have AAA Credit Ratings? (MSFT, JNJ, XOM)
Now that the U.S. Government has lost its Triple-A credit rating, investors are thinking "which companies can I own that do have a AAA rating?". Fellow Masters the top dogs that do maintain a better credit rating than the U.S. Government are Exxon Mobil (NYSE:XOM), Johnson & Johnson (NYSE:JNJ) and Microsoft (NASDAQ:MSFT).
While two of the main agencies have left our rating unchanged, the S&P did indeed demote it, despite the debt deal. That means there are now four companies whose AAA status leaves them rated higher than the U.S. government.
The cream of the crop
There are 500 large companies in the S&P 500, and more than 8,000 stock securities that trade on the NYSE Arca platform, including Nasdaq-listed stocks. Out of all that, only Johnson & Johnson (NYS: JNJ) , Microsoft (NAS: MSFT) , Automatic Data Processing, and ExxonMobil (NYS: XOM) hold the top credit rating! What makes them so special?
Forget Uncle Sam, I put my faith in the AAA U.S. Corporation, with liberty and justice for all.
AOL's DailyFinance beat us to the story, so here's what they have to say -- We've had a wild few weeks leading up to a big debt-ceiling deal, which some have hailed as a historic compromise, and others as a "Satan sandwich." The threat that major credit rating agencies might downgrade the United States of America from its top rating of AAA to something less perfect lent extra urgency to the negotiations.While two of the main agencies have left our rating unchanged, the S&P did indeed demote it, despite the debt deal. That means there are now four companies whose AAA status leaves them rated higher than the U.S. government.
The cream of the crop
There are 500 large companies in the S&P 500, and more than 8,000 stock securities that trade on the NYSE Arca platform, including Nasdaq-listed stocks. Out of all that, only Johnson & Johnson (NYS: JNJ) , Microsoft (NAS: MSFT) , Automatic Data Processing, and ExxonMobil (NYS: XOM) hold the top credit rating! What makes them so special?
CHART FUN:
Oil plunges more than 6 per cent, US$81.31 close lowest of the year
Oil plunged to its lowest price of the year Monday on concerns about the slowing global economy and future demand for oil and gas.
Benchmark West Texas Intermediate crude fell $5.57, or 6.4 per cent, to settle at US$81.31 a barrel on the New York Mercantile Exchange. That is the lowest settlement price of the year for crude, but it's still higher than the US$71.63 a barrel it closed at on Aug. 24, 2010, its low of the last 12 months.
Brent crude, used to price many international varieties of crude, fell $5.63, or 5.2 per cent, to settle at US$103.74 a barrel Monday on the ICE Futures exchange in London.
Anxious traders pulled money out of oil and stocks and bought assets considered to be safer during times of economic uncertainty, such as U.S. Treasurys and gold. Gold topped $1,700 an ounce for the first time, while stocks were down more than five per cent in New York.
Standard & Poor's on Friday cut the Triple-A credit rating for long-term U.S. government debt. Monday's trading session was the first chance traders and investors had to react, and many of them sold off.
In the past two weeks, oil prices have dropped nearly US$16 a barrel. Analysts think oil remain volatile this week as traders look for some clarity about the direction of the world economy and demand for oil. The U.S. Department of Energy is scheduled to release its Short-term Energy Outlook on Tuesday, and OPEC is expected to issue an updated forecast for global oil consumption as well.
Traders also are concerned about debt problems in Europe, where the European Central Bank said it will intervene to prop up the sagging economies of Spain and Italy.
Some analysts believe that global oil demand, particularly in emerging markets like China, will continue to support prices. The share of global oil demand in emerging markets has risen from 44 per cent in 2008 to 48 per cent this year, Barclays Capital said in a report for clients. China's share of global oil demand has increased more than two per cent in the same period.
Goldman Sachs analysts also believe oil prices will rise next year. They told clients in a note published Friday that the risk of a U.S. recession has risen, but their revised U.S. economic outlook remains consistent with a recovery at a slower pace, "which is typical following a housing bust."
In addition, Goldman said the outlook for economic growth in China and other emerging markets is positive.
U.S. gasoline futures have fallen between 35 cents and 40 cents a U.S. gallon (3.79 litres) in the last two weeks. That will translate into a savings at the pump of about US$140 million to US$160 million a day for U.S. motorists, according to Cameron Hanover energy consultancy.
In other Nymex trading for September contracts, heating oil fell 14 cents to settle at US$2.8017 a U.S. gallon, gasoline futures dropped 11.36 cents to settle at US$2.6916 a gallon and natural gas rose 0.6 of a cent to settle at US$3.935 per 1,000 cubic feet.
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