Harry Dent economy prediction--not good !

[gypsyman]

 Couple days ago, Fox business news, economist Harry Dent made a prediction that was not a good one. Somebody with better 'puter skills can probably put a link to it. Basically, we're in a bubble, and next year his thinking is the economy is going down the tubes. He's not the only one, Rickert, Rosenburg and others all saying from a slight down turn, to a possible collapse. Doing some searching I also found several article's, if you can believe no one on the internet lies, that some major banks are stocking up on gold. Makes 'ya wonder, do they know something isn't right?

[Dixie-Dude]

The economist I listened to said 2025 we will have hyperinflation.  He said it wouldn't happen in 2024 due to being an election year.  He feels that no mater who is elected the US is in deep debt.  There are only three ways that can help.  1. Severely cut spending.  2. Raise high taxes 3. Print usless money to pay for debt which causes high inflation.  No one really wants to cut spending from either party, maybe some on the GOP side, but not enough.  No one wants to raise high taxes.  Even if 100% of the millionaires and billionaires money is taxed, it would only pay for 6 months of government spending and everyone would be bankrupt, thus shutting down of the entire economy.  So, that is really out of the question as they are already paying 45% in tax.  So printing useless money will be the norm.  Either you buy gold and silver or pay off all your debt now.  Stock up on beans, bullets, and bandaids.  This economist said if the US has high inflation, it will snowball to other high debt western countries.  Cutting out all unnecessary spending and foreign aid is the one and only solution unless you have tariffs high enough to have everything made in the US like it once was to put so many people to work paying taxes, expanding the middle class, and paying down the national debt.