Harry Dent: Europe Will Cause the Next Global Economic Crash

[madinko77]

I'll assume u'r right on that.. i'll suggest it to other experts and do more research on that theorie.i just dont think it's prudent for Mr Harry to say dont buy gold and silver..dollar have lost lot of its value since its creation..bankers are the one who created it and they'll end it for something else..the problem is they wont tell you when..roosevelt called the golds just after it went from $20 to $35 that 40% devaluation of ur money..i'll to buy gold and silver 4 now.thanks for ur exchange.

[Nuby29]

Harry sounds like he's making sense but he's just guessing. For example his statement on the baby boomers cutting back sounds logical, but I work at an old company that are mostly baby boomers and they are not retiring for at least another 2-3 years, so his whole premise is out the window.

[Fronte999]

Put everything into paper money, or government debt, and wait. Paper money. Government debt. This ain't the 1930's. Both of these guys are morons.

[madinko77]

Again the game is about stealing ur wealth..the masters know about ur economic lessons cause the'v themselves design it..they know this is what u think..deflation & inflation don't matter anymore..they'll come one day without warning and tell u the dollar is dead it 's official..they want the dollar dead cause they hav an agenda..it will die very soon they are prepare for it.ur 4 season don't fit all economic history it depend of what they want..gold is king they can only confiscate it..

[madinko77]

Dont buy gold and silver..?? Whaaaat? i'm sorry sir like your development about ur forecast.but i'm not buying gold and silver to make money like kennedy in the 30s..i just want to protect my saving even if gold & silver go to 1$ i believe...there is no f**ing economist who can predict how the 100 of trillions of derivatives will hit the currencies...it's gonna b the first experience ever..you wanna sell you wanna buy..how if the currency die? in a way you never predicted..? present ur case.!!

[mrzack888]

@madinko77 those derivatives u refer are digital credit being destroyed, which makes base fiat money more valuable. in the 2008 credit crisis US dollar went up due to a credit crisis. those 100 of trillions derivatives crashing will only make the global currencies, especially the dollar, more valuable.

[madinko77]

excuse me what digital credit are you talking about.. is it not our fight the non asset stuff being leverage and cash in dollar witch expands the money supply in big debt? who destroys those credit..? please..that person can also destroy the sovereign debt..for the dollar to be more valuable all debts have to be cleared..wait when chinese or arabs dump dollar because it's worthless..i'll like dollar to be more valuable but let's talk real economics..thanks for the rest..Zack..!!

[mrzack888]

@madinko77 no man, everything u think u know is wrong ok. nobody is gonna dump the us dollar. digital money can be underwritten, destroyed, called off, defaulted upon, value deflated thru mark to market, very easy to do by accounting and pressing a few buttons. physical cash in circulation is base money, and that is very few. it's impossible to have hyperinflation because credit crisis bubbles pop which creates deflation. when so much global trade is going on, nobody will dump the dollar.

[madinko77]

@mrzack888 Credit card,bank account they all digital..of course they can be destroyed.. i dont think we see the same implication..if physical cash printed ever since by the fed on top of the digital is few at least we agree on the size of the debt..it took a world war to clear the debt and america became 1st power..dollar is not debt free money and it will go to zero lets face it..i've just ask u a simple question..under what agreement digital money will be destroyed.? give me a scenario..

[mrzack888]

@madinko77 plenty of scenario, what harry said about a crash in bubble prices best example of destruction of digital money. digital debt is created and that acts as money, but since it's based on bubble prices, when bubbles price and are set to market to market instead of mark to model/fantasy, then it's destruction of credit/debt prices and availability of credit which creates mass deleveraging thru massive selling to meet margin and destorys demand which suppresses prices further. *WHEW*