Bob Wiedemer, author of “The Aftershock Investor,” says, “People are definitely 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 we’re 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, author of “The Aftershock Investor.”
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.