Bernanke helicopterBob Wiedemer, author of “The Aftershock Investor,” says, “People are defiantly in denial about what we’re doing. . . . Nobody mentions the $85 billion a month we’re printing now. . . . We’ve only printed about $800 billion in the last 100 years. We’re going to print more than that next year. So, literally 100 years of printing next year.” Wiedemer says you think of your mortgage as rent because you will never get it back. Wiedemer contends, “When interest rates rise, the value of homes drop. We’re assuming interest rates will never rise. Well, when you print as much money as were talking about, it’s inevitable. Interest rates will absolutely rise one way or another.” In his latest book, Wiedemer says to get out of stocks and bonds. He predicts, “Between now and 2014, I think you’re going to fall out of bed. . . . Stock investors could take a very big hit—well over 50%.” Wiedemer calls gold “the once and future king” and goes on to predict “gold will go to $6,000 to $7,000 per ounce.” Join Greg Hunter as he goes One-on-One with Bob Wiedemer.

 

Harveyorgan

 

Gold Maples As Low As $39.99 Over Spot!

  1. $6000 to $7000 Gold in something like 12 months seems like a wet dream fantasy considering what we are currently suffering. Still, bought another $1600 worth of Silver today as blood is certainly on the streets AGAIN. After saying all that, total collapse is looking increasingly imminent so maybe not so hard to believe after all.
     
    My wife keeps asking me “What’s happening to Gold and Silver”? Not an easy one to answer in simple terms……I just keep telling her “Trust Me” GULP!!! LOL

  2. ANOTHER CRAZY PREDICTION. WHEN ALL THESE GUYS WERE  CALLING FOR A RECORD YEAR IN GOLD AND SILVER IN 2013 I WAS SAYING T EVERYONE I KNOW, GOLD AND SILVER WILL BE RANGE BOUND FOR THE FIRST QUARTER TEN GET SMASHED DOWN AND STAY THERE ALL YEAR. ITS GOING TO GET A LOT MORE UGLY BEFORE IT GETS BETTER. WAIT UNTIL THE BERNANKE ACTUALLY DOES TAPER.

    • To give Bob Wiedemer credit, he did correctly predict the 2006 housing crash and the 3 other subsequent bubble pops (stocks, discretionary spending, and private debt). 
      I am just paraphrasing his book here, but his main premise is that we live in a GLOBAL multi-bubble economy and the dollar bubble as well as government debt bubble are next to pop. When this happens the pain will be spread around the world, especially to low-end manufacturing economies like China and resource economies like Australia, South Africa, and Latin American countries. 

      The high-end manufacturing economies like Germany and Japan will also be hit really hard. He basically posits that the US will suffer but places that are not nearly as advanced as the US economy is on every level will suffer more.

  3. Wiedemer and others don’t take into account the level of currency debasement we’ve sustained over the last 50 years.  To say we will see earnings fall to levels of the 1970s and for the Dow Jones Industrial Average to hit 1,000 as a result at the most extreme and based on a return to “pre-inflated” earnings ignores the fact that you can’t undue much of the US Dollar’s previous debasement.  I view his worst case 1,000 Dow call, as a result — and certainly his reasoning — to be highly flawed.  Heck, if we busted 2008 levels and started going down to an epic crash the Fed would unleash a level of liquidity that would equal 1,000 years of printing, not 100.  Wiedemer has the education to know this.  Maybe he’s been hanging around the long-wave and Kondratiev folks (highly flawed theory, regardless of its popularity).
     
     
     
    Earnings can certainly crash in a deflation spiral that chokes the global economy.  But if the Dow-30 ever went to 1,000 it wouldn’t be because earnings were declining to 1970s levels.  It would be on the back of a derivatives-based deflation crash.
     

    • @Wombat, this all depends on how well the central banks and FED can handle these meltdowns. 
      Another big crash and these derivatives could turn into a domino chain of defaults.  Print all you want as the total derivative market is hundreds-of-trillions of dollars. 
      Perhaps Dr. Evil can shed some light on what happens when you print a lot of money:

    • @PowerBall, we are in agreement that a derivatives crash could turn into a domino chain of defaults.  Again, I said:  “…if the Dow-30 ever went to 1,000 it wouldn’t be because earnings were declining to 1970s levels.  It would be on the back of a derivatives-based deflation crash.”
       
      What I was pointing out was my view that Wiedemer’s reasoning about earnings as being the cause of a potential Down-30 crash to 1,000 is flawed, specifically, because he’s not taking into consideration the existing debasement of the dollar.  Comparing 1 dollar of earnings today to a 1970s dollar is obviously an apples vs. oranges comparison.
       

  4. Who can you trust these days?  Trust is a precious thing, perhaps more precious than gold.
     
    I`m no guru, but I can say I`ve been in metals since 1981. I`ve seen this before. Metals prices will rebound. I don`t know when, but the price will rebound.
     
    In the 1970`s I was told to invest in Jeruselem artichockes, I bought Silver instead.
    In the 1980`s I was told to invest in prefab homes, I bought Silver instead.
    In the 1990`s I was told to invest in corn burning heaters, I bought Silver instead.
    In the 2000`s I was told to buy and build homes, I bought Silver and Gold instead.
     
    The price will come back, it may not be as fast as we want, but it will come back

  5. Doc,
    You continue to post this stuff by people who have no understanding of the separation of the physical and paper market – WHICH CAN ONLY HAPPEN ON THE DOWNSIDE. We have a lot further to go with fleeing this paper market… then the gold scarcity arises. FoFoA has been predicting this since Sept 10′ and Another since 2000. Take some time out from shaking your fist at the evil bankster or watching the Silver Bears videos and read about Freegold. Beejessus – this is axiomatic!

    • I was in contact with one of the freegold guys, He said he only wanted to enlighten everyone about the coming transitioning to the new metal paradigm. He said he knew at which exact date this will take place. I asked him to share the date for the sake of human kind. He refused. Turns out he did not care about the human kind (or he does not have a clue about what he is saying).

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