The Phaserl


Prepare Yourself For An Economic Crisis – Harry Dent

from TheAlexJonesChannel:

Alex welcomes the founder of economic forecasting firm Dent Research, Harry S. Dent, Jr. to discuss why he thinks the Dow Jones industrial average may spike at 17,000 then make a rapid descent to 6,000 by 2016

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10 comments to Prepare Yourself For An Economic Crisis – Harry Dent

  • Scott

    This guy should be in the cell next to Kevin Truedoe…..snake oil salesman. Even a broken clock is eventually correct.

  • Eric

    Harry Dent is famous for predicting events accurately only after they have already happened.

  • Beligerant

    While he may know a lot of demographics and how that changes the economies he’s been very wrong about stock markets and gold. Just go listen to his CD series about the Greatest Depression Ahead and compare to what he’s stating today.

  • mike

    Does make total sense..PMs unfortunately are not the answer.Pms would be great in a pre madmax world right before Mad max but in a paper world debt destruction withh cause major deflation will only make the King dollar stronger. I bought a ton of the PMs only to be totally burned. I am sure in 30 years when it hits 35 again I can sell and get my money out of them with no interest to counter 30 years of inflation. But its just as good as being in the bank since you get virtually zero interest anyway.

  • Petedivine

    In 1970 it cost $35 for an ounce of gold. That same ounce now goes for $1350. No taxes, no counter party risk, no maintenance, just put it in a box and let it grow in dollar terms. If you are planning for retirement, I would definitely consider gold. JMHO.

  • Petedivine

    Harry assumes the Petrodollar system will continue into the future. I don’t think you can make that assumption anymore. Debts are too high, U.S. Projection of power is being tested all over the world. Looks like the world wants a new system, no matter how we in the US. Might wish to maintain the existing one.

  • hal

    Burned by PMs? LOL how about the planet being burned by debt currency? Sell em off then and put them debt notes back in the bank and see how that works out.

    • mike

      I think the point is that all that debt is going to evaporate leaving much less circulating currency than currently exist. If the debt explodes then so does all that $$$. Major deflation on the way. Its a good idea to have pms but they are going to get much much cheaper in the years to come.Thats what he is saying and I believe he is correct. Already listened to the inflation minded and they got 100% wrong so far and cost me a lot of money..Oh but I got a bunch of bright metal so i guess that’s ok? Not going to buy any PMs from now on until they are dirt cheap.

      • The Truth

        When the price falls I can guarantee you wont be able to find any physical. I remember in 2008 when the price fell and the dealers were talking about waiting 14-16 Weeks to get your gold. I knew they were pulling a Tulving Mint scenario where they would be betting with my money so I decided to not purchase. Many people got burned trying to wait for the price drop and still had to buy the metals at higher prices.

  • “PMs are going to get much cheaper in the future????”. If the whole paper system implodes along with fiat currencies, how are you going to measure The value of PMs? PMs are going to be the last man standing. Nothing, and I mean nothing, will be considered a safe haven except PMs!!!

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