The American economy has always been able to recover from recessions and depressions because at some point… people get jobs again, have income again, and start spending again. But what happens when the U.S. Government manufactures an “economic recovery” out of thin air by pumping trillions of dollars into the economy, and employment rates actually continue to drop?
According to a recent report released by Harvard Economist and demographic expert Harry Dent… we might just find out sooner than later. For the past 15 years, the American workforce has continued to lose jobs… and experts warn they are never coming back.
While the presidential candidates might have you believe that the culprit is illegal immigrants or lopsided trade agreements… the reality is much, much worse.
It’s called “technological unemployment”. It’s what happens when technology becomes so advanced that it goes beyond making workers more efficient; it actually makes them unnecessary. Think Uber disrupted the taxi industry? Just watch what happens when self-driving cars and delivery drones become commonplace.
And it’s not just blue-collar jobs that are being destroyed. Advanced machine learning and artificial intelligence are beginning to wipe out white-collar and service industry jobs as well.
“While the powers that be would love for you to think everything is under control, you’ll soon realize we are sitting on the precipice of the greatest global financial crisis in history,” says Dent.
Dents newest prediction warns that the looming jobs crisis is about to trigger a downward spiral setting off the full-blown crash of the stock market and massive deflation.
Dent, who pioneered a whole new science of economic forecasting in the early 1980’s, has been able to accurately predict almost every major economic event over the past 30 years — Including the collapse of Japan, The Great Tech Boom of the 1990’s, and the 2008 market crash.
This scenario was practically preordained — as far back as the mid-1990s when the bubble in stocks and real estate began… and 2007 as the worlds richest generation began withdrawing from the workforce.
Not only are 10,000 Baby Boomers leaving the work force every single day (and taking their spending power with them)… it’s getting harder and harder to fully employ the next generation of consumers that will fuel US economic growth.
“Spending statistics reveal that consumers and businesses who serve them are the primary factor that drives the economy” Says Dent. “Knowing this, we’re able to predict, decades in advance, what impact up-and-coming generations could have on the economy, different consumer sectors and the markets.
Every major shift in economic direction comes with enormous profit opportunities if you know what’s coming… and Harry Dent reveals several of them in his latest presentation.
Click here now for the full details on what you need to do today to avoid the upcoming carnage and make a small fortune in the process.