The man who called nearly every major economic trend over the past 30 years…including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the credit and housing bubble has issued a startling new prediction.
“The DOW is going to crash to a degree we haven’t seen since the Great Depression,” says world-renowned economist Harry Dent.
In fact, Dent says, “We’ll see a historic drop to 6,000… and when the dust settles – it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse. Gold will sink to $750 an ounce and unemployment will skyrocket… It’s going to get ugly.”
In an exclusive video presentation Dent details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.
“This is not fun and games. This is not fear-mongering. This is today’s economic reality” he plainly states in this in-depth expose of what’s to come.
He goes on to paint a detailed picture of the financial carnage this crash could inflict on America:
“Unemployment will soar to 15% or higher as the work pool continues to shrink and companies lean towards employing people with experience, something students entering the labor force obviously lack.
Housing prices will fall again, by as much as 40%… the so-called “recovery” of 2013/14 will diminish faster than an ice on a hot summer day as mortgage rates rise and the wrong group of investors – a.k.a. speculators – lose their taste for the market.
Faced with huge revenue shortages, the federal deficit will balloon from $1.3 trillion to as much as $3 trillion.
Despite the lessons learned in 2008, mortgage companies and financial institutions have resumed offering low interest, no principle “teaser” loans and increasingly risky investments, which will lead us straight back into a second financial crisis, with no bailout possible this time.”
But Dent, a Harvard alum and best-selling author who’s appeared on Fox News, CNBC and The Alex Jones Show among countless others, adds that there’s actually a massive upside to this impending crisis.
He says those who position themselves accordingly beforehand could have the opportunity to earn millions through specific “decline-related” investments year after year, over the next decade as well as maximize the next long-term “boom cycle,” which he predicts will begin between early 2020 and late 2022.
The controversial video, initially released to a private audience, has gone viral as hundreds of thousands are seeing new evidence for a looming economic crisis, and are heeding Harry Dent’s advice to survive and prosper.