There’s a new movie coming out called “Contagion.”

It’s about a disease that travels really fast on the back of our globalized world. As it spreads across the Earth, it brings death and destruction. It reshapes the world as we know it.

Hmmm. That sounds a little too familiar, don’t you think?

If you were to simply replace the planes, trains and automobiles with capital… substitute the disease with Greek debt… and you have a block buster with very real potential to change our world.

After all, the flow of capital across sovereign lines is so effortless that showing one’s support for a nation is as simple as a keystroke. Of course, the opposite is true…

Expressing distrust for a nation is also simple… as the Greek banks, the Greek nation, and the large European banks are all figuring out. Unfortunately, once confidence is gone, it’s hard to rebuild.

Right now, capital is flowing out of Southern Europe only a half-step behind confidence.  It’s easy to see. The one-year Greek government bond is yielding almost 180%. That’s right, 180%. That means that a one-year Greek government bond sells for just over 50 cents, and matures in one year for $1.00.

The catch is, the Greek government has to actually make good on its promise to pay.

Who believes them?

Not the market. Hence the 100% yield.

As we’ve been telling our Boom & Bust subscribers, Greek is already essentially in default.

The problem is, Portugal, Spain, Italy, and Ireland are now showing the same progression of symptoms Greece has done since the beginning of the Euro Debt Crisis. This contagion is spreading and in the August issue of Boom & Bust we gave subscribers a way to profit from these events.

If you’re not yet a subscriber, you can sign up right now. In the meantime, look to short the banking sector for quick gains as the contagion breaches American shores.

Until next time,
Harry and Rodney

P.S. A key survival component during any financial crisis is keeping a steady cash flow going. One way to do this is to trade currencies, especially now that the Greek contagion is making the currency market volatile. Yes, volatility can be dangerous, but when you use the 8 minute profit windows that typically pop up in the market up to 14 times a day, you’re limiting your risk while maximizing your profits. A colleague of ours, Tom Gregory, can give you more details[TB2] .

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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.