Harry S. Dent, Jr - On Gold Seek Radio Pt3/4

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Uploaded by on Sep 7, 2009

A Deflationist that makes quite a lot of sense using population demographics to predict 'money velocity' IE inflation.

Please discuss. Is he wrong? The inflation vs deflation argument is a worrying one when considering where to put your money.

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  • Not many people listening to this - I have made BIG bets that he is right Feb 2012, I see March 2012 as the likely turning point down into the deflationary depression. There is a lot of doom & gloom atm, and I try not to be too pessimistic, but I have looked at a lot of material and beleive we are at the turnining point.

  • Government debt will be a massive bubble. The subprime real estate is maybe $1 trillion; the remaining real estate is maybe $2 trillion; commercial real estate is maybe $3 trillion; but the government debt is already $11 trillion (and $54 trillion in unfounded liabilities). plus underfunded pensions, bailout for the FDIC to cover all the bank failures, etc. The worst is still ahead.

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