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Message:: [QUOTE="aWriter, post: 1252244, member: 32798"]Hi Bill, Surprise. I read "Aftershock" and liked it. I agree whole heartedly with the authors' argument that flooding a country's economy with fiat money -- so-called quantitative easing -- leads to economic bubbles. See late 18th century France and post-World War I Germany. The QEs are game changes. This is not just another mistaken disaster book. The last chapter and the epilogue raise points with which I disagree. Buy gold? Yes. Anything else? Yes. Drop an investment advisor who doesn't understand the nature of bubble economies? Yes. Find an IA who does understand bubble economies? Yes. Is the sky falling? Not necessarily. But look what has happened in Arab nations when everyday people have had enough abuse, including fiat money inflation. Can the sky here fall in a similar way? It has after one baseball game and one football game in Calif., our most screwed-up state. Making predictions is tough. To be at all close, predictions have to be general. The authors of "Aftershock" were a little too detailed in some of their predictions. and the STEP system is incomplete. For instance, what comes before science? Anyway, seeing corruption or goodness in a culture in retrospect is fairly easy. Has a corrupt culture in the past been successful by any measure? No. Finally, I wish I were writing this in 2009 instead of 2 1/2 years after the publication date of "Aftershock." I hope it's better late than never for me.[/QUOTE]