Economist Harry Dent is Interviewed by Straight Talk Wealth host Bruce Weide (Part 1)

[247News1]

People..If you put Ron Paul in office..This will NOT happen. He has been telling us all for over 10 yrs .Wake up people. Ron Paul for 2012.VOTE.

[StrtTlkWealthRadio]

@247News1 Right on, bro. Ultimately it would be good to go back on the gold standard as Ron says. But you've got to know that when you suddenly take the addict off the drugs there are going to be deathly convulsions before the system cleans out. People will get hurt, and it might be you or people you know, but more drugs isn't the answer either, that's what Europe is trying to do.

[247News1]

@StrtTlkWealthRadio I hear ya.. But you have to get rid of the bad or we will all get hurt. Most of us already are being hurt.So we must fight to live free. Peace.

[waypasthadenough]

@247News1

I'm for Paul but he can't 'save' us. The ship is going down regardless. Better get ready for what will be required to restore Liberty.

Don't understand? Follow my links. Read the quotes page first.

[afonsomario]

Dear friend, StrtTlkWealthRadio. Excellent work, congratulations! Dj Mario Afonso recommends

[StrtTlkWealthRadio]

@afonsomario Thanks so much! You can see longer clips of it at StraightTalkWealth"dot com" under the "Economists on the Economy" section.

[navpreet101]

Thanks for the reply and time. I will read Mr. Dent.

[navpreet101]

HI @StrtTlkWealthRadio thanks for ur invite! I am from India and as u know the world economies is very volatile these days i would like to know about our country which is having the largest young population developing at 7-9% economic growth but having it share of the global downturn. I am more concerned with the inflationary aspect. Thanks

[StrtTlkWealthRadio]

@navpreet101 Good news and bad news. Yes, India has demographics which show A LOT of your people, as opposed to the older generation. You guys are headed for a very hot economy as emerging markets go, and much more so than China, which is going to 1.) Have it's R.E. bubble burst and has no young people to support benefits for older generations, due to their heavy birth control for decades. Good news: GROWTH for a long time to come! BAD NEWS inflation. Let's hope credit does not get obscene.

[StrtTlkWealthRadio]

@navpreet101 Banking credit going running amuck causes far more inflation than the US Federal Reserve or your own government could do. But when markets are growing banks LOVE to leverage into it. You want to own Indian business (good stock, but don't ask me for tips) and R.E. In our country we need to dump those and ghave income genration ina period of deflation. Read more of Mr. Dent's books on your own. He has a lot to say about India.

[REASONINFUSION]

Richard Wolf!!!!!!!! Now, HE is right!

[SlackerSlayer]

Was that shot in La Jolla?

[StrtTlkWealthRadio]

@SlackerSlayer Laguna at Sand & Surf Hotel.

[SlackerSlayer]

@StrtTlkWealthRadio I thought I recognized my pool.

[StrtTlkWealthRadio]

@SlackerSlayer Ah. What I've always wanted. A swimming pool with fish!

[SlackerSlayer]

@StrtTlkWealthRadio Who wants a boring chlorine pool, we've got em sharks, actually worse than land sharks to make it exciting.

[archivesDave]

STWR: I appreciate your response...Sorry it's taken me a few days to get back.

Have been doing more research on harry & will read th book. Now lks as if Euro

my implode soon unless this 50% haircut idea catches on.

If th US adapts it, it could be much sooner than u suggest here.

I do see that Harry has been consid. off in his past timing and the current crucial

issue remains: If the $ goes below 71, it will blow Harry's entire thesis frm what I can see!

[StrtTlkWealthRadio]

@archivesDave Start with this question/equation; Why have we not had hyper-inflation yet? Because the money is not in circulation that the Fed has printed. It just replaced the money that the banks had vaporized. Why won't they put it in circulation, despite the Fed giving them literally nothing to put it into if not speculative? Because they still have a lot of bad debt on the books. They're gong to need it to stay alive if not TARP2, or QE 3. There's potential $20trill in Prvt Sctor debt to go

[archivesDave]

@StrtTlkWealthRadio

Still wondering, concerned,.. if dollar drops below 71....What then?

[StrtTlkWealthRadio]

@archivesDave Hey my man. I'm a commentator. not a commodities or securities broker. Not even a pundit, to be honest. I suggest you read Harry's books, read a lot of others, then find a good advisor who is not a "know best" and with whom you can take your research to and have a great dialog. Quite a liability for me to advise people on specific moves over the internet.

[StrtTlkWealthRadio]

@archivesDave BTW, very hard to give balanced opinion in 400 characters on You Tube. I'm not saying inflation isn't a threat. But for a complete study go to my website at StraightTalkWealth "dot com" and go to Featured Articles tab. At bottom you can order my complete free report: Inflation or Deflation? America's Monetary System in Crisis and How to Plan For It. You can actually plan for BOTH contingencies, if you think about it.

[archivesDave]

@StrtTlkWealthRadio

Thnx A LOT....Will do!!!!

[biospharms]

Dont listen to anyone in econ with the exception of Peter Schiff. There are tons of videos from him where you can see who is right. Harry said Dow 40,000 sometime just before the crash of 08.

[StrtTlkWealthRadio]

@biospharms Go to this interview Prt 2 and see where I called Harry on his overkill on the bull periods. Interesting answer he gives. That being said, you're still just discarding all other data, which is not safe to do. See my previous comment today. Why do we not have hyper-inflation already? Inflation WAS CAUSED by the banks taking your deposits, lending them 25X times, We may very well see serious inflation, but it won't be until worldwide debt bursts in full. Leveraging CAUSED inflation.

[andreestes99]

Harry Dent is WRONG! Has anyone read his book "Roaring 2000's" where he predicted the Dow at 25,000 and other LIES ..... PLEASE DO NOT LISTEN TO THIS MAN.

[StrtTlkWealthRadio]

@andreestes99 Good call. I took up these bad calls he has made in Part 2 of the interview. Check it out. But moreover, are you also saying that he is totally wrong about the Fed? You believe the Fed should print more money, not less? You DON'T believe that the markets will have a double-dip? You don't believe that demographics has ANY place in predicting economic trends? You created quite a condemnation there for a full body of work. I'm sure glad my wife is a bit more forgiving w-my mistakes.

[SuperWillHatch]

C'mon, I couldn't have been the ONLY person who thought this was a Batman video. I could of swore the title said "Economist Harvey Dent is Interviewed by Straight Talk Wealth host Bruce Wayne (Part 1).

[StrtTlkWealthRadio]

@SuperWillHatch :-O LOL!!

[JennaSmith987]

He is wrong because he is thinking in an INTEREST BASED capitalist framework. That system has already failed.

[StrtTlkWealthRadio]

@JennaSmith987 I'm sorry. What specifically did he say that you felt was wrong? Not that I'm trying to defend everything he says, but I did not get what you were referring to.

[ZiggleFingers]

In the beginning is that an apple clippad? How much are the payments? Did you get the insurance plan?

[StrtTlkWealthRadio]

@ZiggleFingers HAH! You're a riot! As I said before, not yet ready for CNN.

[firefox666moll]

BUY SILVER NOW.

[StrtTlkWealthRadio]

@firefox666moll Stay tuned for the upcoming episodes on this. They should prove very interesting to you.

[StrtTlkWealthRadio]

I LOVE YOUR GUYS' COMMENTS!  Thanks for talking back!!!!

[StrtTlkWealthRadio]

@singledad1234 Just Google "John R Talbott stop the lying". You'll get there. YouTube will not allow URL to post in these comments.

[mkmason2002]

@singledad1234 INFLATION IS CAUSED BY THE GOD DAM FEDERAL RESERVE FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD.

YOU SIR ARE THE VOICE OF REASON IN A SEA OF KOOL-AID.

[StrtTlkWealthRadio]

@singledad1234 Yeah. Great point! The government will not regulate them if they are bought by them. So the fraud goes on. See the work of John R. Talbott in his blog Stop The Lying. Good effort on John's part. See his posts on the Huffington Post. Best attack on that connection I've seen. You hit the nail on the head!

[StrtTlkWealthRadio]

@singledad1234 Hey, it seems that way, and the Fed IS totally out of line. But what I really got from Harry is that the $2Trillion printed by the Fed pales in comparison to $25trillion created in the last decade by banks and lending. THAT was much more inflationary, as you see in your housing market in Australia today. The Fed is terrified of DEFLATION, but can't overcome it. $20 trillion of PRIVATE Sector debt still needs to hemorrhage which will take money OUT of the system.

[StrtTlkWealthRadio]

@StrtTlkWealthRadio The point is that lose or criminally negligent credit is a much more potent force of inflation than the Fed ever can be. Not that the Fed isn't well on their way to bankrupting the country by absorbing the private sector debt that is trying to wash now. But debt is now bursting, and it is generally deflationary, as you'll see in Australia after your housing market takes the hit, and that is the beginning of the Winter of the economy, as Dent describes the Seasons. Be prepared

[thomascow1]

There are many paths to phase out money, here is one. Most countries have a minimum wage structure , {far be it that it does not work} it is a step in the right direction, to move equality to a improved level introduce an equal wage for all, no matter the job, age, hours, sex, privilege, employed, unemployed, nationality etc. this will hasten a greater state of equality. Say 600$ per week freeze everyone above until time evens it all out .Then one will see money is not needed, Amen

[StrtTlkWealthRadio]

@thomascow1 Couple questions: What if that balance doesn't quite make the equality you're looking for? What if you will need to work 50% more hours, but you will only get $400? Like.."Hey we're trying, but we've got to make up for some folks that are not as well off as you? Can you please step it up?" Hey, I really really do care for the underprivileged. They can't be ignored. But while we try to care for them, we need to also raise their potential with education and empowerment.

[StrtTlkWealthRadio]

@thomascow1 Even after that, there are going to be some less hard working folks than you, even with empowerment. Do you think we should still not care and reward them anyway by getting you to work harder?

[thomascow1]

@StrtTlkWealthRadio That's all already happening, we need less work, early retirement 45 not 70 or 75. we are not on this earth to slave and skivy for the rich, rid the world of money and release a multitude of labor, we have the technology to do all i say, and more, but I am just a voice in the wilderness.If you must reply do not tell me something that is already in everyday use and pratice cheers

[WonderWomanFan4life]

thanks whoever sent me this.. very kool

[optionsupdate]

where is part 2 ???

[StrtTlkWealthRadio]

@optionsupdate Coming ASAP. We're focused on getting the entire interview up on our website. Should be this week for sure.

[optionsupdate]

book reviews of dent are mixed

[StrtTlkWealthRadio]

@optionsupdate Cool. Well what YOU think? Have you read his work?

[optionsupdate]

@StrtTlkWealthRadio no I have not, but reviews are split down middle,

[StrtTlkWealthRadio]

@optionsupdate Yeah. I appreciate that we lead busy lives and need reviewers, but personally, I trust other people to form my opinions about as far as I can spit. I'm a compulsive "think for yourself-er". If I haven't checked something out first hand, I usually do not have a firm opinion about it.

[optionsupdate]

@StrtTlkWealthRadio I should do that, I use the amazon reviews as a guidance, the book of harry dent has mixed reviews.

[StrtTlkWealthRadio]

@optionsupdate Read it, and as they say, "Think for Yourself", my friend.

[optionsupdate]

@StrtTlkWealthRadio I am going to buy his book thanks buddy

[StrtTlkWealthRadio]

@optionsupdate You know I don't get a cut of that! ;-)

[optionsupdate]

@StrtTlkWealthRadio lol

[theshipleyssound12]

Ooooh i really like this! Nice Job! =D

[StrtTlkWealthRadio]

@theshipleyssound12 Thanks! More to come. Subcribe!

[thomascow1]

When the banking system collapses through greed famine will be upon us quicker than any natural disaster. Humans have made themselves more reliant on banking than they have upon the crops of the fields. {They will not stop growing} Our brains are contaminated by it. Everything in life is now measured in money strength and generally this is foremost.

[StrtTlkWealthRadio]

@thomascow1 I completely understand the sentiment. In my younger days I really thought I was headed for the communes, myself. But the question is what do we now do to make this a better world? Remember that our industrialized world actually grew out as an extension of the agrarian culture if only to segregate the trades of tool making from farming. And that leads to money as a mode of exchange, which leads to banking, etc. China, Russia, VietNam, and Cambodia tried to turn back the clock.

[StrtTlkWealthRadio]

@thomascow1 I'm saying that simply tearing it all down isn't realistic nor does it solve what you are rightfully pointing out. I think capitalism can work, but it has to be regulated against fraud, lying, and criminally irresponsible mismanagement. See the good work by John R. Talbott, and his Stop the Lying blog. (Google it). Also see TheRouteOut (dot com). The actual suppressive/criminal elements you sense hide behind a veil. Don't let that make you feel like tearing it all down to find them.

[thomascow1]

@StrtTlkWealthRadio There is no need to tear it down, but bring it down yes , France did it in the fall of the Bastille, USA Had their chance after kicking out the English. so did India, & Southern Ireland, But none of these extreme struggles brought about EQUALITY, or anythin near it, matter of fact those that stayed with England, seemed to improve the most, outta room must comment again

[NWOrDREGS]

When the European Banks fail, soon? Everyone in the United States will be affected by the Banksters of Europe.

The U.S. economy is headed for a brick wall. And really? There's nothing the 99% can do about it.

Unless we, the 99%, tell the Banksters? Money is out of the mix of daily routine.

This guy just wants to sell his book.

[StrtTlkWealthRadio]

@NWOrDREGS Wow. That's funny you say that. What you said is just about what Mr. Dent said in his book about Europe and the banksters. Have you read it? You guys are on pretty much the same page, except that there are some things you can do to prepare and protect yourself.

[WonderWomanFan4life]

@NWOrDREGS

totally i dont ever remember Greece, Itali, and USA failing so badly so he can kiss my ass. i see with my eyes the shit hitting the fan. at first i thought it was kool but now i see its only crap

[StrtTlkWealthRadio]

@WonderWomanFan4life I'm sorry. I am trying, but I just don't understand what you said. Are you saying you don't remember Dent agreeing with you about European debt failure? Or are you just saying that you're pissed off?

[WonderWomanFan4life]

@StrtTlkWealthRadio

oh no i'm just pissed off at the situation. it has nothing to do with Dent. he seems to know his work, economics, VERY WELL. So basically I can only listen and watch. But i know he's a author trying to sell books but he also makes some sense. That makes sense its like here in Los Angeles you can tell when theres no money hardly nobody at grocery stores on a few days before payday but omg on Pay day like 1st and 15th theres so much traffic do not go to stores CROWDS

[WonderWomanFan4life]

@StrtTlkWealthRadio

so basically he is right in a WAY. BUt looking at what he spoke about before back then we did not have the INTERNET. Good or BAD. I think that a lot of people waste time on internet and that could also be factored in. Not to complain as I love the internet and can make money off it but many people do not as they see it as only a means of social entertainment and ways to waste time. the time goes by fast on internet. We buy on web, learn, and etc. he should factor that in

[WonderWomanFan4life]

@StrtTlkWealthRadio

i just want to see more of his STATS and more of his information and how he projects. Again I have to see for myself but yes I am still pissed off at the situation. Not at anyone and I cannot TRUST this guy to make me feel better. For all I know he's work with the others to calm us down. But hey did you see that AMErican Express is not offering PREPAID debit cards that can be reloaded with moneypak. I live in Socal and I remember when moneypak like tiny co in monrovia

[WonderWomanFan4life]

@StrtTlkWealthRadio

NOW moneypak greendot is like this huge method and gov is using it for tax returns as well as AMEX omg so has DENT factored in the banks got bailouts but they are not lending money. Ok i saw on The WAVE which is jazz station here in LA that Nicks Check Cashin place has a BANK i forgot name of it but they are now offering HOME loans so basically banks are trying to get a bunch of folks on prepaid cards. Not really lending much money but they got a bailout??? why??

[WonderWomanFan4life]

@StrtTlkWealthRadio

here in Socal many car dealerships, stores, real estate houses went under and the spaces are STILL EMPTY like a ghost town. home prices are dropping but still pretty doggone high. I mean has dent factored in that since his banks arent lending so much to JOE and Janney SCHMO that they are having to do business a totally different way?? OMG I just need to see his FACTS first. but no I'm not mad at anyone just the situation. I just found this Dent dude yesterday. TTYL smile

[StrtTlkWealthRadio]

@WonderWomanFan4life WonderWomanFan4life, You're AWESOME! Let me get back to you shortly, but I wanted to get your comments posted up ASAP.

[WonderWomanFan4life]

@StrtTlkWealthRadio

go on to American Express Website click Personal Cards, then View All Cards and you will see they have added the PASS which is for parents to get for TEENS much like how Walmarts or that kim kardashian crappy card was. Ok the thing is Walmarts and many other companies are trying to get a piece of the DEBIT CARD business??? WHY??? i mean a lot of people can do so much with these cards pay bills, without the HIGH FEES they are not paying bank fees. So whats happening?

[hendo19742]

@WonderWomanFan4life Heck, even in the U.K., downturn is bad! Only London seem to be holding up, next year is going to be nasty!

[StrtTlkWealthRadio]

@hendo19742 Wonder Woman Fan, the bottom line is that when the bubble is building debt seems easy, but when things turn, debt washing out holds things down for such a very long time and a LOT of people get hurt. I keep referring folks to John R Talbotts blog, Stop the Lying (google it) for reform in the banking system.

[kidbilly1970]

Interview? The interviewer did most of the talking....

[StrtTlkWealthRadio]

@kidbilly1970 Thanks for the constructive criticism. Perhaps I wanted to chat as much as cue him up. I'm working on it, buddy. Not ready for CNN yet...

[tillasmax]

Great video keep up the good work.

[StrtTlkWealthRadio]

Lots more to come, folks. There's 6 parts.

[drnorris56]

great video

[Tadek59]

The interesting interview !

[PATRICELUMUMBAS]

excellente

[mrzack888]

i'm selling my excess silver. if silver goes to 75 bucks an ounce im going to be extremely disappointed.

[archivesDave]

@mrzack888

Don't sell it all...50/50 says silver/gold will go WAY up but then I really don't understand how all our currency will be reduced by fifty percent.

OTOH, I see today, how Greece will have to take a 50% 'haircut', so perhaps I AM beginning to see.

Comments please from you, STWR, or Harry et al... (You're welcome to email me: archives2001at yahoo.com) david/archivesDave (have interest in affiliate marketing)

[StrtTlkWealthRadio]

@archivesDave Hey, keep watching the continuing parts of this interview and read his book. Here's why - a credit default, such as Greece, initially takes money OUT of the system, which is deflationary. SOMEBODY thought they had money in Greek bonds, but they only now have half. That makes currency MORE valuable. In the U.S. we are worried about the Fed printing $2 trill but $20 trill in private money still has to bust. When it is over, (years from now) Spring arrives with some inflation.