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Thread: 'It's going to hurt more than anybody thinks it ever could': Dire economic prediction

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    'It's going to hurt more than anybody thinks it ever could': Dire economic prediction

    Not looking good at all !





    People must look at all their financial assets right now and say "I want to sell them or preserve them," as they're going to go down in value in the coming years, says Harry Dent the Founder of HS Dent Investment Management.


    "Real estate, stocks, everything but the most conservative government, Australian and US Treasury Bonds, are going to go down to reality and it's going to hurt more than anybody thinks it ever could".


    "And nobody thinks it could happen and I'm the only guy on earth saying it," Mr Dent told Sky News host Chris Smith.


    "Once you get bubbles of this extent, there's no way to stop it, they have to come down to reality".



    "I'm telling you, it's 30 to 50 per cent for real estate in most countries and it's 60 to 90 per cent in stocks in most countries.


    "This is going to kill most people's retirement portfolios.


    "And there's nothing they can do about it ... I'm telling you it's coming in the next two-to-three-years.


    "And I think it's about to start in the next month or two."













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    Add to this the amount of worthless money that is out there, I saw this years ago.
    That is why I buy gold and silver. They are the ultimate hedge against a failing economy.
    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
    - Thucydides

    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

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    Quote Originally Posted by Madison View Post
    Not looking good at all !





    People must look at all their financial assets right now and say "I want to sell them or preserve them," as they're going to go down in value in the coming years, says Harry Dent the Founder of HS Dent Investment Management.


    "Real estate, stocks, everything but the most conservative government, Australian and US Treasury Bonds, are going to go down to reality and it's going to hurt more than anybody thinks it ever could".


    "And nobody thinks it could happen and I'm the only guy on earth saying it," Mr Dent told Sky News host Chris Smith.


    "Once you get bubbles of this extent, there's no way to stop it, they have to come down to reality".



    "I'm telling you, it's 30 to 50 per cent for real estate in most countries and it's 60 to 90 per cent in stocks in most countries.


    "This is going to kill most people's retirement portfolios.


    "And there's nothing they can do about it ... I'm telling you it's coming in the next two-to-three-years.


    "And I think it's about to start in the next month or two."













    I agree with him because the ingredients for that to happen are already in place.

    As for his idea of " when "? Whenever it wants too with what We see now. It could be a week or a year etc but whenever it is I feel it's going to be one very ugly $#@! .
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    Quote Originally Posted by stjames1_53 View Post
    Add to this the amount of worthless money that is out there, I saw this years ago.
    That is why I buy gold and silver. They are the ultimate hedge against a failing economy.

    Good morning my friend . In a shtf Armageddon deal at least it's a tangible.

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    Quote Originally Posted by Cotton1 View Post
    Good morning my friend . In a shtf Armageddon deal at least it's a tangible.
    The monetary system can crash at any time. An entire nation's economy is balanced on a needle point.
    But we will survive..............some of us will, anyway
    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
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    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

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    Quote Originally Posted by stjames1_53 View Post
    The monetary system can crash at any time. An entire nation's economy is balanced on a needle point.
    But we will survive..............some of us will, anyway
    Wouldn't it be ironic if you survived the worst of the worst scenarios and then ended up DOA from your 400 pound neighbor falling on you or sitting on you ?

    You are prepared for most anything, no argument there.

    Nobody can protect himself from her! Not even you! Lol

    Then again she may have a bag of tricks up her sleeve too.
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    Quote Originally Posted by stjames1_53 View Post
    The monetary system can crash at any time. An entire nation's economy is balanced on a needle point.
    But we will survive..............some of us will, anyway


    You are correct about the monetary system being balanced on a " needlepoint ". The prices
    Many asset classes especially the ones based on fiat currency are priced at perfect world scenarios.
    A supply chain of capital distribution that keeps the system in place would be a disaster.


    You hear the "too big to fail " used as a slur by liberals or as a mockery. Lest we forget Obama apparently agreed.

    Even he knew a bailout was preferable to systemic collapse
    Last edited by Cotton1; 03-29-2021 at 06:42 AM.
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    Quote Originally Posted by Cotton1 View Post
    I agree with him because the ingredients for that to happen are already in place.

    As for his idea of " when "? Whenever it wants too with what We see now. It could be a week or a year etc but whenever it is I feel it's going to be one very ugly $#@! .
    Too many bubbles. And too much debt (which of course is its own bubble). Not much the Fed can do to help after the next crash.
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