The possibility of Bernie Sanders becoming the Democratic nominee is becoming realer by the day… a thought that’s terrifying many investors. Sanders’ “Agenda for America” – free college tuition, universal health care, and rebuilding the crumbling American infrastructure – could saddle the U.S economy with more than $8 trillion worth of debt.
It’s no secret that Sanders plans to finance this massive expansion of government by raising taxes on businesses and the wealthy. But one tax in particular should cause investors worry – The Financial Trading Tax that will make it more expensive to trade stocks, bonds, and derivatives.
While Sanders claims this tax could safely collect tens of billions of dollars every year and discourage speculative and high-frequency trading… it could just as likely wind up being the straw that breaks the already unstable back of today’s volatile market.
However a renowned Harvard economist has come forward with proof that regardless of whether or not Sanders makes it to the White House, a massive financial crisis is looming for America.
Harry Dent reveals in his latest bombshell report that in reality, no matter who is elected into office – a historic collapse on Wall Street is inevitable.
Dent pioneered a whole new science of economic forecasting in the early 1980’s. He has been able to accurately predict almost every major economic event over the past 30 years — The collapse of Japan, The Great Tech Boom of the 1990’s, and gained national attention for his warning about 2008.
“We’ll see an 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.”
Dent’s research shows that after years of quantitative easing and cheap monetary policies, the U.S. economy is existing inside a massive bubble that could pop any day.
And this is one bubble that neither Bernie Sanders nor Hillary Clinton, Donald Trump or Ted Cruz can keep inflated.
The coming collapse is a scenario that was practically preordained — as far back as the mid-1990s when the bubble in stocks began and real estate followed and Baby Boomers were heading for their peak spending years into 2007.
“When you understand this event, including the fundamental reasons driving it, you need not panic. You will see there’s a tremendous upside to what will unfold over this decade and beyond.” Says Dent. “After all, when you’re able to know what’s coming – and position yourself accordingly – the years ahead could be prosperous times.”
For more on Dent’s controversial prediction, and what you need to do today to prosper when this bubble pops… watch his latest video here.