“We’re in for the BIGGEST Economic Crunch of all time as the Perfect Economic Storm brews” says government, big end of town and small business futurist Harry S. Dent
How would it have been if you knew well ahead of time that the global financial crisis (GFC) was coming…
And what would you have done differently?
“Plenty” is my guess.
Well if you’ve been around me for a while you’ll know I did predict the GFC pretty much spot on!
I pretty much did the countdown… “You have got 10 years to prepare”, You have got 9,8,7,6,5,4,3,2,1…”.
The looming recession was a hot topic at the time among my members.
Of course in other quarters I was “lamblasted”, in fact barrated for having the audacity to suggest a global financial crisis was imminent, particularly given mostly we were “high on the hog” (doing well!)
You see money had been swimming upstream. By that I mean, you didn’t have to be real smart to do well.
I’m sure you remember kids and babies were having credit cards arrive in the mail with $5000 and $10,000 spending limits. (This was actually reported on TV!)
Guess what happened when someone got a new credit card or a bigger credit card limit?
They went out that night and “broke it in”.
Housing prices were going through the roof, some people even remortgaged their house 3 times a year to grab some cash.
Of course, what did they do with that cash?
They went out and spent it on depreciating assets like cars, boats and holidays.
People thought it would never end.
The reality is none of this was sustainable.
Of course, I had the last laugh where predicting the Global Financial Crisis (GFC) is concerned.
Best of all, I and my members got to prepare (“preppers” today) and in some cases even take advantage of the adversity of others and that’s FAIR enough.
You see history tells us, that more money is made often during and after a depression-recession for the more informed few.
In fact I understand companies like Microsoft, CNN, Amazon, HP, Disney world and General Electric all started in tough times.
Anyway I’d really love to claim I figured this global financial crisis out on my own but the honest truth is I didn’t.
See lucky for me (and anyone wise enough to hear me out) about 20 years ago I literally ran to a guy much smarter than me called Harry S. Dent.
If you haven’t heard of Harry S. Dent, he’s known as “the futurist”, someone who through research is able to predict the future.
When Harry speaks governments, the big end of town and small business pay attention.
Why? Because of his documented and proven ability to see into the future and predict what’s coming up with uncanny accuracy.
Find out why Harry is predicting the BIGGEST ECONOMIC CRUNCH of all time looms in the shape of a Perfect Economic Storm