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Harry Dent discusses the coming stock collapse

Goldseek Radio, Released on 12/5/18

Click Here to Listen to the Interview

  • Gold, silver and related shares appear to be building a solid base for an advance as well as cryptos where Bitcoin could ascend to $25,000.
  • The Blockchain concept will thrive as the backbone of the new Internet 2.0, with profound utopian-like implications for virtually every aspect of life.
  • Entertainment, employment, banking, finance, education, legal, healthcare, insurance, voting security and government with benefit from the blockchain.
  • The decentralized peer-to-peer, transparent, blockchain based currency model will over time, inevitably overturn the opaque and highly regulated fiat model.
  • The Blockchain will lessen the frequency and magnitude of economic bubbles and their subsequent contractions.
  • The worst of the US stock market correction seems to be in the rearview mirror at least until the Fed wraps-up the rate hike cycle in mid-2019.
  • Next year could mark the ultimate zenith for US equities as the current price “Bubble” culminates with the Dow Jones Industrials topping 30,000.
  • The resulting price crash could mirror the -89% drop in ’30-’33.
  • The bubble parallel extends to the ominous Dot.com peak of 2000 where trade tariffs and immigration issues may have contributed to the declines. Current markets have extended beyond the dreams of avarice, including global real estate, stocks, and commodities.
  • A primary Baby Boomer group that comprises 50% of spending will soon curtail purchases, potentially in a significant decline in GDP growth.
  • The net affect could slow domestic economic output for years, further burdening the already challenged system where over half of US households already require Federal assistance.

Click Here to Listen to the Interview

Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called “Survive and Prosper.” Mr. Dent accurately predicted Japan’s collapse in 1989, the dot-com bubble-bust in 2000 and the housing bust in 2006 to 2007 (among many other things). He’s written numerous books, including The Great Boom Ahead (1992), The Great Depression Ahead (2008), The Great Crash Ahead (2011) and The Demographic Cliff (2014). His most recent novel The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich, was published in 2016.

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