Economist Harry Dent is Interviewed by Straight Talk Wealth host Bruce Weide (Part 2)

[torontobills]

Harry is typical american. He doesnt think outside the box. What about the endless wars and crooked wall street. He doesnt talk why silver jumped 4 to 50 in the 80's. Maybe silver jumped because of the hunt brothers. Why would you hold on to the dollar when we are about to bomb iran. Oil will be $300 barrel and world will dump the dollar. He keeps talking about cycles and charts. Harry welcome the new world. Gold and SILVER CURRENCY

[StrtTlkWealthRadio]

@torontobills Your points are very well taken. Good arguments. I think the thing that is salient about Dent's story is that the inflationists worry about the Fed adding $2Trill to the money supply while there is probably $20trill that is gong to burst in Private Sector Debt that will never be paid back. And the Fed will soon be checkmated on further QE as it will raise interest rates, which the Fed doesn't want. If $20trill leaves while even $2-4trill is added, will $ be more or less valuable?

[misterman6000]

@StrtTlkWealthRadio Hi, I think that american economists are missing the point; supply and demand of $ works if USD is a commodity; paper money is really a confidence game between governments i.e whose IOU's would you rather hold. Inflation /deflation is a mute point this debt=money system is collapsing fast. We are going to a new system , maybe gold backed currency maybe not we have to see

[misterman6000]

@StrtTlkWealthRadio Hi, I think that american economists are missing the point; supply and demand of $ works if USD is a commodity; paper money is really a confidence game between governments i.e whose IOU's would you rather hold. Inflation /deflation is a mute point this debt=money system is collapsing fast. We are going to a new system , maybe gold backed currency maybe not we have to see

[xspettacolare]

i wonder if the furniture was bought at ikea . I don't buy into Peter Schiff he's a gold dude, if lead was in high demand he would sell lead bullion..

[StrtTlkWealthRadio]

@xspettacolare :-). Harry makes some really good points about the total supply of money still being vaporized by private bad debt washing out. Precious metals can fluctuate on the mere perception of inflation, outside of their straight commercial demand. There are two things that should slow the inflation of commodities. 1.) China bubble will burst somewhere up the road which will slow down building. 2.) Dollars will become more valuable as Europe plays out, and debt washes out at home.

[xspettacolare]

@StrtTlkWealthRadio

if what you say is true then metals such as palladium which is a metal roughly 80% of it used by the auto industry .palladium is used in the catalectic convertors. it's an industrial metal which should go down in value if we have a global slow down in china. the eu/uk are bankrupt. maybe it's time to short some precious metals? but wait the EU is asking china to bail out the euro,so we might see the euro take off & dollar go down but that's just tempory. what do U think?

[StrtTlkWealthRadio]

@xspettacolare Hey my friend, when folks start asking me about buy and sell signals over my youtube channel, I am slipping down the slope from bringing you insight to becoming your personal online advisor. I personally recommend that you visit HSDent "dot com", subscribe to Harry's newsletter, and see about attending his network. You would have some direct access there. He's a great guy to talk to.

[cortec3000]

Great interview..Harry s an authority and laid back..nice combo

[StrtTlkWealthRadio]

@cortec3000 Thanks! It was fun.

[spiritartman]

Peter Schiff suggests Inflation and than Hyper cause of the Q 1, 2, 3 and all the other Stimulus they are doing or will do and call it something else ie. Operation Twist. Schiff has been right many times as well. We may have deflation short term and you will be right. But do you see "Hyper Inflation" Thanks. People say Gold is a Bubble at $900 - when Gold is $5,000 and becomes a bubble those same people will be right but after 5 years and a $4,000 bull market. Gold is going to 5k if not more.

[StrtTlkWealthRadio]

@spiritartman Great comments & questions! Currently, we have about $20trillion in private sector debt still needing to burst/write-down/default, whatever you call it. But someone ain't gettin paid. The government FEARS deflation, that's why the Fed is printing money. The question is that if $20trillion leaves the economy will $2-4trillion going back in replace it. Well not in the foreseeable future is my guess. Will this Winter season will last long enough for the Fed to overreach in the end?