Kitco News, Released on 1/25/23

Harry Dent, Founder of HS Dent, says a ‘massive’ wipeout is underway once markets hit this critical level. He spoke with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, about how this crash will affect a variety of asset classes, and which nation will emerge as the dominant superpower.

0:00 – Prior predictions and current data
5:01 – Massive wipeout when this happens
6:48 – Policy reactions
9:21 – Why the NASDAQ?
10:21 – Anatomy of crash
14:52 – Fed decisions
22:12 – Benefits of recession
24:36 – China and India
30:59 – Gold
35:44 – Bitcoin and crypto
43:04 – Demographics and economic growth
47:18 – Investment implications

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 novels are The Sale of a Lifetime and Zero Hour.

  bitcoin, gold, market crash, stock crash, stocks