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Tags: aftershock | government | debt | numbers

$683,161 — The Number Congress Doesn’t Want You to See

By    |   Tuesday, 20 March 2012 12:45 PM EDT

“The money from Heaven will be the path to Hell,” Robert Wiedemer, author of New York Times best-selling book Aftershock, unapologetically warns Federal Reserve Chairman Ben Bernanke and President Barak Obama in a recent interview.

Wiedemer is among a small group of financial experts notifying the Washington, D.C., establishment that their addiction to spending (the money from Heaven) will hurl America into economic cataclysm (Hell).

Commodities investment expert Jim Rogers adds to Wiedemer’s words of caution, “America is going to pay the price for all these mistakes . . . Mr. Bernanke has been wrong for 400 weeks in a row now. He’s never right about anything.”

(Story Continues Below Video)
Aftershock Government debt

In a CNBC interview, billionaire Donald Trump
says Bernanke’s printing policy will lead to “massive inflation” and is warning investors to take steps now to protect themselves.

Most dismiss such warnings. But consider this: Since Obama’s inauguration, the federal debt has increased by $4.2 trillion. That is more than ALL the debt racked up from the birth of our country through President George H.W. Bush, according to CNS News. That comes out to a staggering $53,642 per family of four.

When Social Security, Medicare, Medicaid, interest owed on debt, and other obligations are included, America’s real debt is a daunting $55 trillion, leaving the average family of four with a jaw-dropping bill of $683,161.

But the question becomes, will this massive debt directly impact the average person in America?

Wiedemer is convinced it will, and soon! In the Newsmax interview, he alleges that this reckless spending will lead America to “50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”

When the host questioned such wild claims, Wiedemer backed up his allegations with charts, graphs, and disturbing statistics.

This gripping, no-nonsense interview, now titled The Aftershock Survival Summit, has gone viral with over 30 million people from around the world tuning in. And this is despite various online networks repeatedly shutting it down and affiliates refusing to house the content. In fact, after putting $803,436 in Obama’s campaign coffer, one major media giant attempted to ban it, citing the content as “too controversial.”
The “controversy” stems from direct allegations that the people in Washington have failed miserably. After all, the U.S. economy does seem to be recovering. The Dow is nearing all-time highs, unemployment is creeping down, and inflation remains in check.

But Wiedemer dismisses such short-term results. “The Fed has done everything it can to give Americans the appearance of a recovery. It bailed out its friends at the banks and automotive companies. It has kept interest rates at historic lows. And, it turned on the printing presses and drastically grew the monetary supply by 300 percent. And, all this has done is delay the inevitable.”

© 2024 Newsmax Finance. All rights reserved.

Tuesday, 20 March 2012 12:45 PM
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