By Bert Dohmen, Founder of the Dohmen Capital Research Group
During the last crisis, Wall Street chiefs kept their yachts, houses in the Hamptons’s, the Bentley’s and Ferrari’s, while the average person lost his retirement nest egg, his home, and his job. For the next crisis, perhaps this book will enlighten you to the point where YOU can get the house in the Hampton’s or at least a Mercedes in the garage.
The global financial crisis of 2008 was the worst crisis since the 1930’s. Wall Street honchos and Washington “leaders” tell the public that no one could have predicted it. That apparently is the excuse for not having taken steps to prevent it. But it’s a lie. A number of people did predict it. Hedge fund manager John Paulson made $25 billion because he saw it coming.
One lone analyst, Bert Dohmen, predicted the crisis, in his award-winning WELLINGTON LETTER. The April 2007 issue was headlined: THE PERFECT FINANCIAL STORM. In 2007 he wrote his first book, PRELUDE TO MELTDOWN, which predicted exactly what would happen in 2008, and why. He said it would be the worst crisis since the 1930’s. He doesn’t have 500 Ph.D. economists on his staff as does the Federal Reserve.
In fact, Bert Dohmen has predicted every recession, and every bear market over the past 33 years. He attributes this success for not even having an economics degree. His is in chemistry and physics.
His new book, just released, is FINANCIAL APOCALYPSE. Here he gives a complete chronological account of the year 2008 and how he identified the clues of the approaching crisis. He shows the irresponsibly optimistic statements from the head of the Federal Reserve chairman, the top regulators, and leaders of the U.S. Congress. You will read what the heads of the largest financial firms said just days before their demise or forced takeovers. The book is a collector’s item, something you want on your bookshelf for many years.
In an easy to understand manner, Bert explains how the Wall Street financial engineering was just a Ponzi scheme, which deceived investors around the globe, selling them largely worthless paper, while making billions of profits for the top executives of the financial firms that issued this paper. And those firms which were in danger of failing were bailed out with taxpayer money, while the big chiefs collected hundred’s of millions of dollars in bonuses.
Bert Dohmen says this was not a failure of capitalism. It was a matter of collusion between the financial industry and the top regulators, names which are household words.
Bert shows with charts how the rallies in stocks, commodities, and stocks before the crash of 2008 were manipulated to keep investors positive and keep everyone blind to the crisis that was building.
The December 2007 issue of the WELLINGTON LETTER was headlined: “The recession has started.” Yet, until September 2008 economists and Wall Street analysts said there was no recession and the stock market decline was only a correction and a “buying opportunity.”
At the same time, Bert Dohmen warned his clients that the global crisis would accelerate in September 2008 to a potential meltdown. It did!
The charts told Bert everything. In this book, you can see how YOU can interpret the charts yourself, giving YOU the chance to predict the next crisis. The top Washington people and the head of the Federal Reserve now tell you that the crisis is over and that good times are ahead.
Are they right, or does Bert’s work show something else? Is this the time to get fully invested in stocks, emerging markets, muni’s, or T-bonds, or are there better investments in which you will not risk the destruction of your nest egg?
A True Resource
Anyone can write a book describing what caused the latest financial crisis after it happened, but Bert Dohmen is one of the few who can actually write it by referring to newsletters that HE wrote BEFORE and DURING the actual crisis. The Financial Apocalypse takes us step by step, in amazing detail, through the crisis using Bert’s actual letters during the time period. Greenspan has stated how no one could have seen this crisis coming. But this book lays out numerous examples of all the financial `experts’, politicians and economists ignoring the warning signs. In this book Bert shows that in trying to understand what will happen, we have to remove our opinions in what we think will happen or our desires in what we want to happen, and learn to interpret what the market is telling us.
Forewarned Is Forearmed
Bert’s intriguing and enlightening book opens us to the world of a true market guru. In FINANCIAL APOCALYPSE we are taken down the road step by step, blow by blow before, during and after the 2007-2008 financial meltdown. But, more importantly, through previous newsletters he chronicles his spectacular on-the-money calls that forewarned all who followed his advice what was on the horizon. Bert tells us on Page 191 that after a 200 year expansion, the U.S. is now in a long-term decline. The empire is slowly on the verge of collapse. After putting the book down, I wanted to quickly subscribe to one of his many publications available at dohmencapital.com so I won’t miss the next great market call!
Finally the TRUTH!
When I hear these economists on the financial stations telling me that times are getting better and telling me everything I should invest my money in, I know our economy is up a creek without a paddle. This book chronicles what has happened to our economy and tells us the truth and why even though we keep hearing things are looking up, we still can’t save a dime and try to hold on to our jobs one day at a time. Bert Dohmen relates recent international events to how they have undeniably effected our markets and WHY! This is a book to highlight and refer to often. I’m not going to drink the Feds potion anymore. After reading this book (and the preceding book “Prelude to Meltdown”) with Bert’s insight and PROOF using chart analysis and investigating trends, I am better prepared for the times ahead. I also looked at this website where he has newsletters and will probably subscribe to the daily Smarte letter which looks like is catered towards daily market watchers and traders (which I am). For years I’ve been hearing lots of buzz about Dohmen’s newsletters as he is notorious for his spot-on, usually contrarian predictions in the financial world. I’m so glad I got to see what all the talk was about myself.
I read Prelude to Meltdown and wow! were my eyes opened! If I believed in prophets, I would say that Bert Dohmen is one. When you think how in this day and age we are all so brainwashed into thinking that what we are told in media outlets is the truth and that the Feds have our best interest in mind we need to snap out of it and see beyond the smoke and mirrors. Bert does just that in an analytical and critical way. We were all fooled and Bert explains why and how we can protect ourselves during this tumultuous financial condition and see how we can navigate our own future. It’s time to wake up and smell the flowers.