Aftershock: Protect Yourself And Profit In

Obtaining an EIN or employer identification number is a good idea if you are a sole-proprietor.

From time to time, you’ll be asked to provide your social security number or employer ID to clients or governmental agencies. Once you do that you have no control over which client laborers and others may view your number.

With identity theft an ever increasing problem, reducing the need to give out your social security numer may only be a good idea.

The best way to do that is to have an employer identification number.

In fact, having an EIN is mandatory for closely any business that is set up as something other than a sole-proprietorship.

This is the IRS checklist for businesses that are required to have an Employer Identification Number.

o You have employees.

o You are set up as a corporation or partnership.

o You file tax returns for Employment, Excise, or Alcohol Tobacco and Firearms.

o You withhold taxes on income, other than wages, remunerated to a non-resident alien.

o You have a Keogh plan.

o You are involved in a trust. (There are galore exceptions, check the IRS site).

o You are involved in one of the following types of organizations: Estates, real estate mortgage conduits, non-profits, farmer’s cooperatives, and plan administrators.

Sole-proprietors are not required to have an EIN. But if you are a sole-proprietor, I strongly commend getting one.

The reason? If you are a sole-proprietor, clients who recompense you $600 or more in the course of a year will have to file a 1099 on your behalf. And they need your social security number or employer identification number to do that.

And you, in turn, are required to do the same for your own sole-proprietor subcontractors who receive $600 or more in payments from you.

The Employer’s ID number fulfills IRS’s requirements when filing your 1099s, so you just substitute the EIN for the social security number.

The procedure is easy and straightforward.

You may implement for your EIN number online at the IRS website (www.irs.gov) or ask the IRS to have the forms sent to you.

Aftershock Protect Yourself And Profit In

Recovery? What Recovery?

Did you lose cash in the stock market in the last financial crisis of late 2008?

Has your home lost value? Are you “underwater” in your mortgage or concerned when it comes to selling?

Do your dollars buy less than they used to at the grocery store and the gas pump?

Have you lost your occupation or know somebody who did?

Are you worried regarding the safety of your cash and investments?

Don’t Get Fooled Again!

While the “experts” want us to believe that all is well (or will be soon), not one thing could be further from the truth. The global financial crisis of 2008 and 2009 was just a sneak preview of what is to come. For those who act quickly and correctly, there is still time to protect yourself, your family, and your business in the next international cash meltdown. Updated and wholly revised, this Second Edition of the Wall Street Journal business bestseller Aftershock may aid you:

• Protect and grow your sum totals before, during, and after the next international financial crisis

• Spot and cash in on the best new investment opportunities

• Know which jobs, careers, and business spheres will fare the best

• Profit rather than lose when asset bubbles collapse around the world

From the reviews of the badly acclaimed First Edition:

“Their scenario is dark, and their systems bold and unconventional. But after being on target the last time they went versus the grain, the Wiedemers merit being heard out.”
—The Associated Press

“Surrounded as we are by growing talk of recovery and news when it comes to ‘green shoots,’ it’s still freshening to consider the dissimilar perspective that Wiedemer, Wiedemer, and Spitzer offer here.”
—Robert J. Hughes, SmartMoney

“Aftershock makes a compelling argument for a chilling conclusion. Their track record demands our attention.”
—Sam Stovall, Chief Investment Strategist, Standard & Poor’s

“The fragility of today’s economy demands that we, as investors, allocate our sum totals with more discretion and focus than ever before. The authors’ prescience in their firstborn book lends credence to their new warnings. This book deserves our attention.”
—Robert Friedman, former CFO, Goldman Sachs

“Their firstborn book, America’s Bubble Economy, was one of those rare finds that not only anticipated the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy. Now they’ve done it again.”
—Paul B. Farrell, JD, PhD, Senior Columnist, Dow Jones/MarketWatch

Co-Author David Wiedemer

Isn’t the economy recovering now? Why worry regarding an Aftershock?
It may look like a recovery but this is genuinely a phony recovery, driven by printing cash and massive government borrowing that are temporarily decelerating the fall of our multi-bubble economy. We are just kicking our difficulties down the road and making the future Aftershock that much worse.

How is the second edition of Aftershock dissimilar from the basi edition?
The new Aftershock is more than 35% modified and holds our latest analysis of the current economy, plus our forecasts for 2012 and beyond. There are two wholly new chapters that you won’t want to miss, peculiarly the one on how the Federal Reserve’s medicine will become a poison when thier program of quantitative easing in the end causes dangerous inflation and rising interest rates ahead. Future inflation is the single greatest threat to the economy and to your stocks, bonds, real estate, and cash. Throughout the new Aftershock, we show you how future inflation will harm the already falling bubble economy and what to do to protect yourself and your sum totals when it hits. There will even be a few ways to make cash on inflation — but only if you see it coming.

How is this book any dissimilar from all the rest?
Aftershock is the only book to correctly predict the economic mess we are in today and foresee what is next, based on a proven macroeconomic view of the evolving global economy.

What will be a great deal of of the primary signs of the coming Aftershock?
Actually, it’s already happening now, but it isn’t easy to see unless you recognise what to look for. The second edition of Aftershock explains in detail what is ahead, how to see it coming, and what to do with regards to it right now, while there’s still time to protect yourself.

Have we seen the “aftershock” of the 2008 market meltdown yet? If not, when do you predict we will see it is effects?
No we haven’t seen the “aftershock” of the 2008 market meltdown. We will see it when inflation nears 10%, which is likely regarding 2 – 3 years away.