7/29/13

Donald Trump Tells Americans to Prepare for "Financial Ruins"

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Billionaire Tells Americans to Prepare For 'Financial Ruin'

Tuesday , 06 Nov 2 01 2 1 2 :1 4 PM By Newsmax Wires Share:
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The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin. Thats according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News On the Record with Greta Van Susteren. According to Trump, the United States is no longer a rich country. When youre not rich, you have to go out and borrow money. Were borrowing from the Chinese and others. Were up to $16 trillion in debt. He goes on to point out that the downgrade of U.S. debt is inevitable. We are going up to $16 trillion [in debt] very soon, and its going to be a lot higher
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Donald Trump Tells Americans to Prepare for "Financial Ruins"

than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it. Ballooning debt and a credit downgrade arent Trumps only worries for this country. He says that the official unemployment rate of 8.2 percent isnt a real number and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent. Right now, frankly, the country isnt doing well, Trump added, Recession may be a nice word. While 15 percent to 16 percent unemployment, a looming credit downgrade, and ballooning debt are a bleak outlook for the United States, they are hardly as alarming as the scenario laid out by another economist. Without earning celebrity status or having his own television show, Robert Wiedemer did something else that grabbed headlines across the country: He accurately predicted the economic collapse that almost sank the United States. In 2006, Wiedemer and a team of economists foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending, and published their findings in the book Americas Bubble Economy. Editors Note: See the disturbing interview with Wiedemer. But Wiedemers outlook for the U.S. economy today makes Trumps observations seem almost optimistic. Where Trump sees ballooning debt and a credit downgrade, Wiedemer sees much more widespread economic destruction. In a recent interview for his newest book Aftershock, Wiedemer says, The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012. When the 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
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Donald Trump Tells Americans to Prepare for "Financial Ruins"

acknowledge an ugly truth: The countrys financial rescue devised in Washington has failed miserably. Shocking Footage: See the eerie chart that exposes the unthinkable. 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 nations 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 its not just the grim predictions that are causing the sensation; rather, its the comprehensive blueprint for economic survival thats 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 Wiedemers predictions come true? Thats 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. Editors Note: For a limited time, Newsmax is showing the Wiedemer interview and supplying viewers with copies of the new, updated
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Donald Trump Tells Americans to Prepare for "Financial Ruins"

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Donald Trump Tells Americans to Prepare for "Financial Ruins"

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Donald Trump Tells Americans to Prepare for "Financial Ruins"

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