Harry_headshot-150x150Anyone who doesn’t recognize that we’re facing a serious debt and financial bubble has either been living under a rock, or has retreated into their own fantasy la-la-land to cope with just how bad central bankers and governments have let things get.

News flash: they’ve gotten pretty damn terrible!

Banks have taken on too much bad debt that keeps turning into more non-performing loans, and we’re especially seeing that now in countries like Greece and Italy. But instead of restructuring those loans to let their stock and bondholders cover the losses, banks are resorting to what I call financial magic tricks.

Since 2008, the response to the global debt crisis has been to pump more free money and stimulus into the system to keep our financial institutions from imploding. That’s just crazy!

When will people learn that you can’t fight a debt problem with more debt!? And that restructuring debt is healthy long-term despite the short-term pain.

I see this all coming to a head, and much sooner rather than later.

The first trigger of the global debt crisis is going to come from Europe, where I see the banks and the economy being the weakest. Italy is the next Greece and it is simply too big to bail out. After that, it will be a domino effect. Then, when China finally blows… it’s game over! No stimulus plan will be able to cover that one.

Mark my words: the global banking crisis is here, and if you don’t start preparing for it now (or at the very least acknowledge that there’s a problem), you’re going to have your ass handed to you in the years ahead.

I’m not telling you this to scare you.

I’m telling you this because I’m determined to help you avoid the financial ruin that will befall the majority of investors in the next crash, and to help you take advantage of the opportunities that can arise in this chaotic environment.

What I refuse to do is sugar-coat the facts.

So, to get the full scope of this debt crisis, you’re going to want to read the infographic below…

Banking Infographic Preview 2016

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Harry

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.