Radio host Rush Limbaugh is no stranger to controversy. And now, a few short months before the November elections, Limbaugh is predicting a disaster scenario for America if Barack Obama is re-elected. He went so far as to say that if President Obama is voted into office for another term, the national economy is in serious trouble.
“We’re doomed,” Limbaugh recently said on his talk show.
“If Obama’s re-elected, it will happen. There’s no if
about this. And it’s gonna be ugly. It’s gonna be gut-wrenching, but it will happen. The country’s economy is going to collapse if Obama is re-elected. I don’t know how long: a year and a half, two years, three years.”
Limbaugh thinks California will collapse first, setting off a disastrous chain of events.
“California is going to declare bankruptcy, and you know what Obama will do? He’ll go to states like Texas or Arizona, Florida to bail them out. That’s what he’ll do, and that’s gonna precipitate this stuff. California is showing where we’re headed in every which way,” Limbaugh said.
Limbaugh continued his attack on the president’s policies, stating, “We’re on an unsustainable course. You simply can’t pay people who aren’t working. You just can’t. You cannot pay them anything, much less full-fledged incomes, lifetime healthcare and lifetime pensions. You can’t do it. Even if you wanted to, even if that was your definition of fairness and equality, you can’t do it. The money isn’t there.”
Limbaugh also said he hoped he was wrong about his prediction.
“I don’t want any of this, but I know mathematics, and I know economics. I know history. I know socialism, statism, Marxism, I know where it goes. I know what happens at the end of it.”
A well-respected economist has voiced similar concerns about our country’s economic outlook. Unfortunately, he and his team have concluded that it doesn’t matter who wins the November election — our fate has already been sealed.
In a recent interview to talk about his New York Times best-seller Aftershock
, Robert Wiedemer says, “The data is clear, 50 percent unemployment, a 90 percent stock market drop, and 100 percent annual inflation . . . starting in 2013.”
: Watch the disturbing interview with Wiedemer.
Before you dismiss Wiedemer’s claims as impossible or unrealistic, consider this: In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy
The book quickly grabbed headlines for its accuracy in predicting what many thought would never happen, and quickly established Wiedemer as a trusted voice.
A columnist at Dow Jones said the book was “one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy that helped avoid the 40 percent losses that followed.”
The chief investment strategist at Standard & Poor’s said that Wiedemer’s track record “demands our attention.”
And finally, the former CFO of Goldman Sachs said Wiedemer’s “prescience in (his) first book lends credence to the new warnings. This book deserves our attention.”
When the interview host questioned Wiedemer’s latest data from Aftershock
, the author unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”
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 current Fed Chairman Ben Bernanke and former chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.
: See the eerie chart that exposes the ‘unthinkable.’
At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”
But it’s not just the grim predictions that are causing the sensation in Wiedemer’s video interview. Rather, it’s his comprehensive blueprint for economic survival that’s really commanding global attention.
The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.
The video was initially screened for a relatively small, private audience. But the overwhelming amount of feedback from viewers who felt the interview should be widely publicized came with consequences, as various online networks repeatedly shut it down and affiliates refused to house the content.
Bernanke and Greenspan certainly would not support Wiedemer publicly, and it soon became apparent mainstream media would not either.
“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog. “But unfortunately, it kept getting pulled.”
“Our real concern,” DeHoog added, “is the effect even if only half of Wiedemer’s predictions come true.
“That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”
: For a limited time, Newsmax is showing the Wiedemer interview and supplying viewers with copies of the new, updated Aftershock book including the final, unpublished chapter. Go here to view it now.
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