Harry S. Dent, Jr - On Gold Seek Radio Pt1/4

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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[fox20012]

no i think he was getting at this, i think he is saying the money velocity will not be there to spur on the inflation. Like in Japan, their declining population saw the MASSIVE money printing produce no inflation.

He is saying that the baby boomers aren't in their peak spending days any more or something

but BTW im with you Im hedging for inflation

[RRESC]

so... if the entire nation is deleveraging, then they would pay off debt, not buy gold - and deflation will depress prices - according to Harry

I guess that makes sense- you don't buy gold when you have bills to pay-

I heard another guy say - it is banks that are buying gold- which is why gold is up... so deflation? Inflation? Maybe they can't inflate fast enough to even make inflation - it's very confusing, even after you understand the basics

[Judy101101]

that sounds a bit dumb - rent? rent from who? who owns the homes then? it's a way to get rich and continue negative economic systems. if you want to learn how to screw up an economic system listen to an economist lol they really know how to screw things up lol

[eatandtravel]

Good lord. This is how the Hitlers of the world rise.

[kcirdrab]

I think this guy is bang on target

If we are in a Depression now the debate must be whether it`s of a Deflationary or Inflationary nature

For it to be Inflationary the Fed & the Bank of England will have to print money non-stop as if it`s going out fashion for years: they won`t because they haven`t got it & will have to shut the printing presses down & when that happens the truly colossal scale of the debt liabilities out there will still dwarf the scale of cash in circulation = Deflation

[30percentplusreturns]

There was no consumerism when the continental congress printed massive amounts to finance the war, yet inflation raged. To say just because baby boomers passed their peak spending therefore we wont get inflation is totally wrong. Sure, they wont spend, but every other American and now the world will bid up prices for everything because more dollars are floating around. The money is already in the system people. Once printed, you cant take it away. Its in the form of lower interest rates!

[30percentplusreturns]

You dont need the consumer to come back to get inflation. The money has been printed already which has lowered interest rates. The money is in the economy already!!! Why is it all prices at the supermarket are higher? Why is oil higher in a depression today, than in the boom times of 2006? Its inflation and it wont stop. I think dent is a smart guy but the laws of supply and demand cannot be repealed. He keeps talking about the velocity of money but the money is in the system already.

[davincij15]

Your joke underscores the point get out of dollars and get into gold and silver. They will want that as the top item to acquire before it gets to expensive.

[VeteransAgainstKonop]

The foreigners overseas, who are holding trillions of dollars - What can they buy from Americans ?

They can buy dingle-berries from all the illegal-aliens living in the south and American south-west.

[davincij15]

I know you are with me but, here is the problem. The money exists outside the USA and it can't buy anything for those owners.

That is the Elephant in the room with is theory.

Picture it you have an American will little cash in the room and Chinese with all the cash in the room and the American prints some off to buy something from the Chinese.

Eventually the Chinese will say NO and dump is paper for something else.

In Japan the Yen was actually wanted outside of Japan.