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Harry Dent: America Is Headed Off The ‘Demographic Cliff’ And Another Crisis Is Near
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[quote:Anonymous Coward 3746065:MV8yNDM0NjEzXzQxODI3ODMxX0I1OTgyQ0U1] I don't think deflation will be allowed. It rewards savers who can afford to buy more with lower prices and it makes it harder for us to repay our debt. The debt is stationary so if we decide to print $1 trillion to pay it off, right now we can do that, albeit with serious, most likely world war three, consequences. I think they will ramp up printing at the smallest hint of a deflationary collapse and continue to devalue the dollar until it just collapses, sparking hyperinflation. At this point, Congress will have (probably already have) their alternative currency savings to let them continue to live like kings. So will the rich who are eagerly buying the artificially cheap gold right now. The middle class, dumb as most are, will be left holding the bag and will disappear into poverty with one bank holiday after another, each time their dollar worth less and less. [/quote]
Original Message
Take one look at Harry Dent’s body of work and you’ll know he likes to make predictions.
He wrote The Great Boom Ahead in 1993, The Great Jobs Ahead in 1995, The Great Depression Ahead in 2009, and The Great Crash Ahead in 2011.
What’s ahead now? A “demographic cliff,” according to Dent’s new book… Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019.
“At Dent Research we have a not-so-secret weapon: demographics,” Dent writes. “It is the ultimate indicator that allows you to see around corners, to predict the most fundamental economic trends not just years but decades in advance.”
Dent spends the bulk of his book arguing that the demographic story has turned against the U.S.
As Boomers retire, it’s not an unfamiliar argument. Dent writes that an aging U.S. will cause deflation that will weaken the economy from 2014-2019.
Here are some of his main points:
[
link to www.businessinsider.com
]
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