Tags: economy | bankruptcy | stock market

Economist Cautions: Prepare For 'Massive Wealth Destruction'

In a shocking interview with Newsmax, Robert Wiedemer, the economist and best-selling author who accurately predicted the collapse of the U.S. housing and equity markets that sunk the United States into the Great Recession, reveals startling new evidence for 50 percent unemployment, a 90 percent stock market drop, and 100 percent annual inflation starting later this year.

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.

“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.”

Editor’s Note:
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the Wiedemer interview and supplying viewers with copies of the new, updated Aftershock book including the final, unpublished chapter.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.

© 2018 Newsmax Finance. All rights reserved.

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economy,bankruptcy,stock market
Thursday, 01 August 2013 02:54 PM
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