@TigerNation69 devaluing currencies in digital form and method, not through printing physical currency, but thru lowering interest rates and buying back bonds, and lowering reserve requirements. all of which adds to the activities of more gambling derivative speculation which makes the bubble bigger when it pops creating a larger deflationary scenario when credit is needed to pay off all those bad debts which forces all assets(good or bad) to be sold to come up with the cash.
Hold up Harry! But ok you have deleveraging, but won't this cause stocks to go up? What am I missing? Kind of like after a bankruptcy, your credit only goes up?
@TigerNation69 what makes u think the us govt needs to pay off its debt. the debt that the US owes is very paltry and small. only around 7 trillion to foreigners. most of the debt is intragovt and debt it owes to itself. that stuff can be underwritten or defaulted on without hurting the US dollar.
this guy told everyone on july 10 2010 that gold was at its top and sell gold on that day gold was 1,181.00 now it over 1,700 if u listen to this guy u will go broke
If this guy gets cancer that's a good thing, one of the biggest rats around. He predicted a Dow of 40.000 a few years ago 'because babyboomers would load up one last time'. Now he's predicting a crash. This guy is SCUM, he sees something that everybody sees, stock market going up or down, and then says 'it will go up much more', or 'it will go down much more'. Cost me a lot of money, rat, rat, rat, typical financial 'advisor' of this phoney, cuneconomy.
I bet Harry wishes he bought gold two years ago when it was only $900, and he was preaching against buying it. Two years later, gold is at $1800, a 100% increase. What a bozo!!!
@ArgentPure wut do u think happened in 2008 crash? silver got smashed down from 20 bucks to 9 bucks, gold from 1000 to 600 and the dollar index went up to the 90s. so i dont think harry dent is a shill. u need to do ur homework, stop listening to those gold tards.
@mrzack888 A collapse of the U.S. dollar is a certainty – only the manner in which it will happen has yet to be determined. It is just a matter of time before the global derivatives bubble will produce the same result that has occurred to every other currency not backed by gold/silver throughout history – those currencies will become worthless. Paper ‘money’ is neither rare nor precious and the paper it is printed on has no intrinsic value compared to precious metals. Do YOUR homework!
@ArgentPure no, a collapse of derivatives globally will make all currencies stronger while deflating assets due to mass liquidation. credit will become valuable and i see the dollar going to index of 200 if a global financial derivatives blowup occurs. do you need to do YOUR homework buddy. gold/silver is gonna get knocked so hard on its ass it's gonna bleed.
@mrzack888 Demand for the dollar will drop for the same reasons that demand for the Argentine peso and the Reichsmark dropped: they were fiat currencies oversupplied to the market. Too many dollars and too much debt is in the global economy. All it takes is a break in confidence, then people quickly understand that the dollar is not worth the paper it’s printed on. That will lead to the flight from currency that will bring the dollar down. That’s the point that you don’t get.
@mrzack888 Here's some homework for you to help you understand what is coming and why you are completely wrong. Read The Coming Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets by James Turk and John Rubino. You need to understand that ALL ETF's will lose their value because they, again, have NO INTRINSIC VALUE! When the debt/derivatives collapse happens you will see a disconnect from paper and physical prices just like we saw in 2008!
@ArgentPure 2008 crisis had the dollar index going up. i've read that shit book by james turk. extremely one dimensional and kindergarten. when the debt derivatives collapse it will destroy credit digital money, which will cause a credit crisis again. debt destruction doesnt destroy a currency, it makes it more valuable.
@mrzack888 I've tried to help you understand what is coming and you are one of those people who just refuse to understand and think you have all the answers! So go ahead and stock up on your fiat US dollars! You and others like you will deserve everything you get! I'll be putting my wealth into real money, COLD, HARD, cash in the form of silver and gold! Just wait to see what happens to those assets once the true panic hits and the general public finally understands! August was just a trial run!
@ArgentPure no. these "intelligent" people u talk about are fools, and are getting scammed. The problem with these gold tards is that they don't even understand their own economic theories, they think they understand how the feds and money work but they don't. it's sad really. really really sad.
@ArgentPure i guess if u ain't got the brains or the moral honest integrity to debate me, then you just rely on name calling. i bring the truth. the real truth. and u libertarian mises austrian gold tards just can't handle the truth.
@mrzack888 No, I'm tired of suffering fools like you! You refuse to learn, refuse to do your homework and there is no point in moving forward because you are under the mistaken belief that you know it all. Read the book I suggested or watch The Money Masters by Bill Still, both are good places to start. Or keep your US dollars, ignore the advice of people a lot smarter than you, and then you will learn the hard way. I don't care. I just don't want to see you sucker others with your ignorance!
@ArgentPure ive read those shit books and the documentaries and they only go half way. harry dent is correct, demographics drove inflation. you should watch this: /watch?v=xXNEI0KjhLE
u think u know everything, but you don't. you are missing a crucial point that the idiot gold tards aren't telling u or don't understand themselves.
@mrzack888 Thanks for the link. I watched the whole 45 minutes and guess what, the guy is saying pretty much what I have been saying all along! In a nutshell, the derivatives/debt bubble is going to collapse, watch out for naked shorting (see market manipulation) where real physical assets are going to go through the roof (including gold and silver) and that the dollar will end up in default and ultimately it will go to zero! LOL!!! Thanks so much for proving all my points! Watch it again! LOL!
@ArgentPure u have bad understanding. he was saying if another collapse then all assets will get knocked down, then and only then if the govt and fed realize we are in a depression, the pressure will force them to go into printing mode and then dollar will go down. so you essentially proved how bad of a listener you are. and that is the problem with most gold tards, lack of clear understanding.
why would u hold gold/silver if another crash is coming which will lead to massive selloff?
@mrzack888 You are a moron! I said I watched the whole 45 minutes and I know exactly what the guy said! You don't have a fucking clue! A month ago you're asking why banks are buying gold and what effect that will have on the dollar! Fucking idiot! Do whatever you want to do! Put your money into US dollars, short the silver market, buy up tons of ETF's! After all that ask Gerald Celente what he thinks about holding a position in paper! Give me a fucking break you stooge! Go away now!
@ArgentPure i hold cash in my safe fool. i don't put my us dollars in a bank. that's exactly what lodmell advises. 2008 proves my point, the only thing that went up was the US dollar. instead of deleveraging and facing mark to market another bigger bubble just were made with QEs. and the next crash will be 2008 times 2.
@mrzack888 Also don't forget that he also said the exact same thing as me, that the dollar has lost 97% of it's value (purchasing power) since 1913!!!!! Looks like I'm right again!!!!!!!!
Well done Harry Dent, people drive markets not Governments and the biggest group of people in history are over borrowing, consuming and spending, the debt super cycle is over. The media heavy weights are looking after their big business mates on Wall Street and the global banks, so its impossible to get every forecast right because of this manipulation, Dent has been right on many occassions, he will be right again on the next financial crash.
@macpduff one big mistake often made is that jobs were exported to for instance China, it is like saying chinese did do nothing during the time of the last emporor and after. What true fact is; trade between china and the west has been a form of QE, means QE vanish jobs; check sum ; why would any szar or king let any people work for him when he just can print money or QE him self to golden standards???
@mrzack888 I personally do not consider if silver did indeed go from 20 to 9 bucks to be a crash at all, mainly since it was only temporary. Yes, if you are a trader then follow Dent, even though that his track record has only shown him to right once. However, if you are a long term saver/investor, then precious metals are the only place to be.
@TigerNation69 watch?v=UKXGsKNCVVc
mrzack888 3 months ago
@TigerNation69 devaluing currencies in digital form and method, not through printing physical currency, but thru lowering interest rates and buying back bonds, and lowering reserve requirements. all of which adds to the activities of more gambling derivative speculation which makes the bubble bigger when it pops creating a larger deflationary scenario when credit is needed to pay off all those bad debts which forces all assets(good or bad) to be sold to come up with the cash.
mrzack888 3 months ago
Hold up Harry! But ok you have deleveraging, but won't this cause stocks to go up? What am I missing? Kind of like after a bankruptcy, your credit only goes up?
jp2059 3 months ago
@TigerNation69 what makes u think the us govt needs to pay off its debt. the debt that the US owes is very paltry and small. only around 7 trillion to foreigners. most of the debt is intragovt and debt it owes to itself. that stuff can be underwritten or defaulted on without hurting the US dollar.
mrzack888 3 months ago
this guy told everyone on july 10 2010 that gold was at its top and sell gold on that day gold was 1,181.00 now it over 1,700 if u listen to this guy u will go broke
drey983 3 months ago
If this guy gets cancer that's a good thing, one of the biggest rats around. He predicted a Dow of 40.000 a few years ago 'because babyboomers would load up one last time'. Now he's predicting a crash. This guy is SCUM, he sees something that everybody sees, stock market going up or down, and then says 'it will go up much more', or 'it will go down much more'. Cost me a lot of money, rat, rat, rat, typical financial 'advisor' of this phoney, cuneconomy.
Rotschild1957 3 months ago in playlist ha
I bet Harry wishes he bought gold two years ago when it was only $900, and he was preaching against buying it. Two years later, gold is at $1800, a 100% increase. What a bozo!!!
kidbilly1970 3 months ago
So let me get this right...the US dollar is going to go up and gold and silver are going to go down massively? I don't think so! Paid shill.
ArgentPure 3 months ago
@ArgentPure wut do u think happened in 2008 crash? silver got smashed down from 20 bucks to 9 bucks, gold from 1000 to 600 and the dollar index went up to the 90s. so i dont think harry dent is a shill. u need to do ur homework, stop listening to those gold tards.
mrzack888 3 months ago
@mrzack888 A collapse of the U.S. dollar is a certainty – only the manner in which it will happen has yet to be determined. It is just a matter of time before the global derivatives bubble will produce the same result that has occurred to every other currency not backed by gold/silver throughout history – those currencies will become worthless. Paper ‘money’ is neither rare nor precious and the paper it is printed on has no intrinsic value compared to precious metals. Do YOUR homework!
ArgentPure 3 months ago
@ArgentPure no, a collapse of derivatives globally will make all currencies stronger while deflating assets due to mass liquidation. credit will become valuable and i see the dollar going to index of 200 if a global financial derivatives blowup occurs. do you need to do YOUR homework buddy. gold/silver is gonna get knocked so hard on its ass it's gonna bleed.
mrzack888 3 months ago
@mrzack888 Demand for the dollar will drop for the same reasons that demand for the Argentine peso and the Reichsmark dropped: they were fiat currencies oversupplied to the market. Too many dollars and too much debt is in the global economy. All it takes is a break in confidence, then people quickly understand that the dollar is not worth the paper it’s printed on. That will lead to the flight from currency that will bring the dollar down. That’s the point that you don’t get.
ArgentPure 3 months ago
@mrzack888 Here's some homework for you to help you understand what is coming and why you are completely wrong. Read The Coming Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets by James Turk and John Rubino. You need to understand that ALL ETF's will lose their value because they, again, have NO INTRINSIC VALUE! When the debt/derivatives collapse happens you will see a disconnect from paper and physical prices just like we saw in 2008!
ArgentPure 3 months ago
@ArgentPure 2008 crisis had the dollar index going up. i've read that shit book by james turk. extremely one dimensional and kindergarten. when the debt derivatives collapse it will destroy credit digital money, which will cause a credit crisis again. debt destruction doesnt destroy a currency, it makes it more valuable.
mrzack888 3 months ago
@mrzack888 I've tried to help you understand what is coming and you are one of those people who just refuse to understand and think you have all the answers! So go ahead and stock up on your fiat US dollars! You and others like you will deserve everything you get! I'll be putting my wealth into real money, COLD, HARD, cash in the form of silver and gold! Just wait to see what happens to those assets once the true panic hits and the general public finally understands! August was just a trial run!
ArgentPure 3 months ago
@ArgentPure U Gonna lose ur ass in the next crisis. it's gonna be firesale of the century, and ur gold/silver is not gonna be accepted.
mrzack888 3 months ago
@mrzack888 It's time for you to move on now! You're vastly outnumbered by intelligent people who actually know what they are talking about!
ArgentPure 3 months ago
@ArgentPure no. these "intelligent" people u talk about are fools, and are getting scammed. The problem with these gold tards is that they don't even understand their own economic theories, they think they understand how the feds and money work but they don't. it's sad really. really really sad.
mrzack888 3 months ago
@mrzack888 Move along Shill.
ArgentPure 3 months ago
@ArgentPure that's right, anybody that disagrees with you is a shill. ask urself, how are u any better than the mainstream media?
mrzack888 3 months ago
@mrzack888 Shill, Plant, Stooge! Time to move along!
ArgentPure 3 months ago
@ArgentPure i guess if u ain't got the brains or the moral honest integrity to debate me, then you just rely on name calling. i bring the truth. the real truth. and u libertarian mises austrian gold tards just can't handle the truth.
mrzack888 3 months ago
@mrzack888 No, I'm tired of suffering fools like you! You refuse to learn, refuse to do your homework and there is no point in moving forward because you are under the mistaken belief that you know it all. Read the book I suggested or watch The Money Masters by Bill Still, both are good places to start. Or keep your US dollars, ignore the advice of people a lot smarter than you, and then you will learn the hard way. I don't care. I just don't want to see you sucker others with your ignorance!
ArgentPure 3 months ago
@ArgentPure ive read those shit books and the documentaries and they only go half way. harry dent is correct, demographics drove inflation. you should watch this: /watch?v=xXNEI0KjhLE
u think u know everything, but you don't. you are missing a crucial point that the idiot gold tards aren't telling u or don't understand themselves.
mrzack888 3 months ago
@mrzack888 Thanks for the link. I watched the whole 45 minutes and guess what, the guy is saying pretty much what I have been saying all along! In a nutshell, the derivatives/debt bubble is going to collapse, watch out for naked shorting (see market manipulation) where real physical assets are going to go through the roof (including gold and silver) and that the dollar will end up in default and ultimately it will go to zero! LOL!!! Thanks so much for proving all my points! Watch it again! LOL!
ArgentPure 3 months ago
@ArgentPure u have bad understanding. he was saying if another collapse then all assets will get knocked down, then and only then if the govt and fed realize we are in a depression, the pressure will force them to go into printing mode and then dollar will go down. so you essentially proved how bad of a listener you are. and that is the problem with most gold tards, lack of clear understanding.
why would u hold gold/silver if another crash is coming which will lead to massive selloff?
mrzack888 3 months ago
@mrzack888 You are a moron! I said I watched the whole 45 minutes and I know exactly what the guy said! You don't have a fucking clue! A month ago you're asking why banks are buying gold and what effect that will have on the dollar! Fucking idiot! Do whatever you want to do! Put your money into US dollars, short the silver market, buy up tons of ETF's! After all that ask Gerald Celente what he thinks about holding a position in paper! Give me a fucking break you stooge! Go away now!
ArgentPure 3 months ago
@ArgentPure i hold cash in my safe fool. i don't put my us dollars in a bank. that's exactly what lodmell advises. 2008 proves my point, the only thing that went up was the US dollar. instead of deleveraging and facing mark to market another bigger bubble just were made with QEs. and the next crash will be 2008 times 2.
mrzack888 3 months ago
@mrzack888 The money in your safe will become just as worthless as all the rest of the US dollars!
ArgentPure 3 months ago
@mrzack888 Also don't forget that he also said the exact same thing as me, that the dollar has lost 97% of it's value (purchasing power) since 1913!!!!! Looks like I'm right again!!!!!!!!
ArgentPure 3 months ago
Well done Harry Dent, people drive markets not Governments and the biggest group of people in history are over borrowing, consuming and spending, the debt super cycle is over. The media heavy weights are looking after their big business mates on Wall Street and the global banks, so its impossible to get every forecast right because of this manipulation, Dent has been right on many occassions, he will be right again on the next financial crash.
RonKucharski 3 months ago
Where was your book in 2007. Lol
solojam 3 months ago
I timed real estate & I'll time commodities
YKAEYA 3 months ago
what is he talking about? commodities have soared, especially gold & silver. Just lost any credibility...
faulconandsnowjob 3 months ago
Thanks
yes the baby boomers drove the reale estate boom because they competed for homes to raise their families.
Now they are down sizing and our children are loaded with unpayable colllege debt. they are not getting married and not buying homes.
The jobs have been shipped over seas, so our children can't keep the economy going.
macpduff 3 months ago
@macpduff one big mistake often made is that jobs were exported to for instance China, it is like saying chinese did do nothing during the time of the last emporor and after. What true fact is; trade between china and the west has been a form of QE, means QE vanish jobs; check sum ; why would any szar or king let any people work for him when he just can print money or QE him self to golden standards???
Doenietmeermee 3 months ago
True
I did not see the boom of the '90's even though I had a large inheritance.
Didn't the stock market go from 3000 to 10,500?
I invested in a a dying industry - Dry Cleaning. Not ride the stock market.
major personal fail
macpduff 3 months ago
It is not that the price of gold and silver are going up in price, rather the actual value of the fiat USD is and has been becoming wort LESS.
slhines7 3 months ago
Hed did not take Bernanke into consideration , with that idiot on the loose anything can happen.
TheStreeser1 3 months ago
@TheStreeser1 I agree with you.
slhines7 3 months ago
Precious metals did NOT crash in 2008 and won't long term either way.
slhines7 3 months ago
@slhines7 silver going from 20 to 9 bucks i would consider it a crash.
mrzack888 3 months ago
@mrzack888 I personally do not consider if silver did indeed go from 20 to 9 bucks to be a crash at all, mainly since it was only temporary. Yes, if you are a trader then follow Dent, even though that his track record has only shown him to right once. However, if you are a long term saver/investor, then precious metals are the only place to be.
slhines7 3 months ago 2