The man who called nearly every major economic trend over the past 30 years…including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the credit and housing bubble has issued a startling new prediction.
“The DOW is going to crash to a degree we haven’t seen since the Great Depression” say world-renowned economist Harry Dent.
In fact, Dent says, “We’ll see a historic drop to 6,000… and when the dust settles – it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse. Gold will sink to $750 an ounce and unemployment will skyrocket… It’s going to get ugly.”
In an exclusive video presentation Dent details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.
“This is not fun and games. This is not fear-mongering. This is today’s economic reality” he plainly states in this in-depth expose of what’s to come.
He goes on to paint a detailed picture of the financial carnage this crash could inflict on America:
“Unemployment will soar to 15% or higher as the work pool continues to shrink and companies lean towards employing people with experience, something students entering the labor force obviously lack.
There is no doubt there will be a collapse. The only question is how long can very bright people find ways to manipulate the underlying economic structure to kick the can down the road. Merely by doing this, however, they run the risk of making the ultimate collapse even worse with each can-kick. As can-kicks pile on can-kicks, the can kickers will go to ever greater measures to stave off what has become an ever more intolerable collapse.
All of that ignores the real reality – it is people’s amygdalae, activated by threat, fear, violence, and aggression, which will cause the recognition of risk and the protective behaviors which will pull the plug on the markets. Amygdalae are rising.
You will need defensible positions, food, water, medicines, arms, and allies, not necessarily in that order.
Apocalypse cometh™
The problem has been that despite Celente/ Schiff/ Hal Lindsey/James Rawles/AThousandOtherHucksters predicting implosion for half a decade or more, the system keeps turning. I don’t disagree that things will blow up eventually, but the chronic brinksmanship is tedious. Especially given the knowledge that should things not entirely Mad Max, their ads during reconstruction will boast of their ” correct calling of the crash of 2xxx”. Hell, if I say “the Cubs are going to the series this year” every single year, may be one day I’ll be right too. Blind squirrels and nuts, after all.
I have gotten over…no, tempered…a lot of my doomerism, to more of Jack Donovan tribalism mixed with John Robb/Jack Spirko autarky.