Okay, I blasted through Aftershock on Saturday. It took me about two liters of Coke to make it all the way through, but I made it.
Yes, it has a scary message because the impact on people that we care about will be catastrophic. The world will never be the same again. However, it does offer something of a silver lining, and you will do well to jump on that as if your life depends on it.
Because, as scary as the book is, when you add a resource crash and war to the future, the message turns quickly from merely scary to completely horrifying.
So yes, it is a horror show, but the good news is that I’m beginning to see a few ways out of this. Maybe.
Hopefully, it will be enough help me calm down a bit.
Let’s get to the book.
Normally, you would summarize a book before writing up a conclusion. Unfortunately, I’m not normal, (and this is my article) so I’m going to start with the conclusion. In fact, I’ll start doing that by directly quoting the first page of chapter six:
For most people, the advice we are about to give you on how not to lose money in the Aftershock is far more important than any of our good investment ideas (offered in the next chapter) about how to cash in on it. We understand that no one likes to hear this. Most of us find making money far more interesting than simply not losing it. But knowing how to protect yourself is absolutely crucial to surviving and thriving in the months and years ahead, so please don’t skip this part. If you only pay attention to one page in this book, this should be the one.
Let us say at the outset that this chapter discusses protection strategies for the long term. In the shorter term, these protective steps are not immediately necessary. There is no immediate crisis or need for panic. But there is a real need to know what is coming and to learn now how to protect yourself from the way ahead.
For the long term, there are three simple rules for where not to invest as the dollar and other bubbles fall:
Rule #1: Get ready to exit stocks.
Rule #2: Stay away from real estate until after the dollar bubble pops
Rule #3: Stay away from long-term bonds and all fixed-rate investments (including whole life insurance and annuities).
I would also like to add that everyone needs to get out of any adjustable rate debt that they have. The book is pretty clear on this, and I am too. Credit card debt and adjustable rate mortgages need to be paid off somewhere between now and the next year and a half. If we are lucky we might have more time than that, but I doubt it.
Now, I said that there’s a silver lining, and there is – a nice big one. It’s called gold.
Maybe I should have said a gold lining?
As the economy crashes and the dollar crashes and the stock market crashes and the banking system crashes and the government debt crashes… with all this crashing going on, there is only one safe place to be as you ride the crash: ownership of physical gold.
Not gold mining stocks.
You need gold. At least some should be in your sweaty little hands, and the rest should be in a depository somewhere.
Now, the authors of the book aren’t as simplistic as that. They do offer other very sophisticated strategies to profit as we all ride the crash down. But, those strategies require a high degree of technical ability and sophistication – as well as a lot of nerve.
The other possibility, and the authors aren’t shy about this, is to invest with their asset management company. If you agree with their macroeconomic view (and I do) and have a sizable portfolio (I don’t), put some, or all of it with their investment company.
Contact them here:
Absolute Investment Management
(703) 774-3520 or firstname.lastname@example.org
Remember, you’re not in this to make lots of money. You’re in this to save your assets, and then turn a profit – if you can.
Start the process now.
Okay, so that’s pretty much the conclusion to the book. Or, maybe I should say that this is my personal summary of the conclusions in this book. The devil is in the details, and I’ll get into that later on.
Oh, and don’t forget to order the book. You can find it here: