The United States is headed toward another real estate collapse — and it will be worse than the one we just experienced, according to famed economist and New York Times best-selling author Robert Wiedemer.

During his recent appearance on the Aftershock Survival Summit, Wiedemer provided startling evidence to support his claim that real estate prices could fall another 32 percent.

That would wipe out another $64,000 in equity from the average home.

Before you dismiss Wiedemer’s claims as impossible or unrealistic, consider this: In 2006, Wiedemer and a team of economists foresaw the first collapse of the U.S. housing market and published their research in the book America’s Bubble Economy.

Now Wiedemer is back with an even stronger warning.

He says that all of the positive housing news lately misses one critical item, and it’s the one that will sink the housing market sometime in late 2012 or early 2013.

Wiedemer states that the media (and most notably the National Association of Realtors) wants us to believe that housing prices have bottomed, and that right now is the perfect time to go out and buy a home.

They will point to a leveling-out of home prices and a sudden lack of inventory as an indication that the housing market is heating back up.

One “expert” goes so far as to say that real estate “has not just bottomed, but is booming” and talks of reported bidding wars on homes in locations like Seattle, Austin, and Palo Alto.

But Wiedemer believes that all of this positive news for the housing sector ignores the one factor that will cause housing prices to plummet: Interest rates will eventually rise.

He points out that even with interest rates at historic lows, research shows that more than one out of every four homeowners are willing to walk away from their homes.

“Once the inevitable interest rate hikes set in, and values of people’s homes drop even further, that figure will jump even higher. The scope of the damage will be determined by how high interest rates eventually go,” said Wiedemer.

Wiedemer added, “Housing expert Robert Shiller believes homes prices could fall 25 percent in the next five years. I think it could be even worse.

Consider this: If mortgage rates hit a reasonable 7.5 percent, it means home prices would have to decrease by as much as another 32 percent. And a 7.5 percent interest rate is very reasonable.”

Wiedemer then displayed a chart with an even more upsetting data point: If interest rates rise to 10 percent, home values will be cut by a startling 45 percent.

Editor’s Note: See the frightening housing chart that exposes the ‘unthinkable.’

Wiedemer is worried that the current “improvement” in real estate and continued low interest rates are tricking many Americans into believing the worst is over. But the real danger lies ahead, and he has some very strong advice for those willing to listen.

“Some people may get their hopes up once our market improves or at least flatlines . . . Real estate has not hit bottom . . . Long term, we are going to witness a massive collapse I believe will be even worse than the first.”

Wiedemer then adds this shocking comment . . .

“People should consider selling their homes if they have the chance.”

The scenario Wiedemer lays out for the U.S. real estate market is worrisome, but it is hardly the most frightening comment he made during the Aftershock Survival Summit.

In addition to a doomed U.S. real estate market, Wiedemer sees much more widespread economic destruction.

“The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2013.”

When the interview host questioned such wild claims, Wiedemer 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.

Editor’s Note: Watch the disturbing interview with Wiedemer.

The blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including current Federal Reserve 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.

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; rather, it’s the 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 overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content. Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.

“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 what 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.