Total world economic collapse: yes, this is a real possibility, and Portfolio Wealth Global is constantly on the lookout for signs of impending trouble that can bring ruin to your portfolio, your savings, or your retirement.
There are stirrings of geopolitical unrest and shock waves that can bring the world’s financial system to the brink of disaster, according to Harry Dent. Our research team is monitoring the markets and government activity right now so that you’ll be attuned to what’s going on and how it will affect your future.
That’s why we seek out the perspectives of great thinkers like world-respected financial analyst Harry Dent. Harry provides essential insights through two websites, DentResearch.com and HarryDent.com, and he has spoken to executives, financial advisors, and investors around the world. Harry has appeared on Good Morning America, PBS, CNBC, and CNN/Fox News among other media outlets.
He has authored numerous classic books, including Great Boom Ahead, published in 1992, in which Harry stood virtually alone in accurately forecasting the unanticipated boom of the 1990s. Portfolio Wealth Global is fortunate to have an opportunity to interview Harry and listen to his bold market predictions, which will impact investors everywhere.
As expected, Harry’s predictions are fully backed by incontrovertible facts. We can start by looking at Italy, a ticking time bomb and one of the economic weak links in the Eurozone. Italy has 23% of the debt in the Eurozone, totally dominating in this dubious honor. Worse yet, Italy owns 40% of the total bad debts and loans.
As Harry states, Italy is going to sink the euro and Europe, period. Italy is going to make Greece look like no big deal, as Greece is responsible for only 3% of the debt in the zone; they were able to bail out Greece, but there’s no way to bail out Italy.
Meanwhile in the United States, as Harry Dent explains, the promise of 4% growth cannot and will not be sustained, and this promise will falter within the next year. This will be the catalyst for collapse, the U.S.’s own time bomb, along with real estate.
Harry observes that real estate is in bubble territory and it’s a repeat of what we saw back in the pre-recession days: low down-payment loans, easier credit… We’re going back to our irresponsible ways and too many of us just don’t learn the lessons of the past.
Harry Dent’s message is loud and clear: super-high real estate costs are bad for the economy.
High costs are devastating to the young people, who are the future of the nation’s financial stability, and hurts businesses, which have to pay higher wages. At the same time, China is having its biggest real estate bubble in history, along with its greatest ramp-up in debt. 27% of Chinese condos are empty, yet they keep building and buying them. The system is set to collapse, and when China does fall, it will fall hard and the ripple effects will be felt around the world. Harry predicts that this event will be bigger than Italy’s coming collapse, bigger than the U.S.’s real estate crash and stock market crash… and it’s coming sooner than you think, within the next year or two.
Portfolio Wealth Global is listening closely to Harry Dent’s prognostications and we’re supplementing this with our own due diligence on the world’s fragile economy. If you’re not preparing right now for what’s to come, you’ll only be the victim of the terrible global consequences of unsustainable debt and a horrendous real estate market implosion.
Our solution for you: Get your copy of our Crash Blueprint with specific recommendations on how to prepare for the onset and aftermath of the impending financial reset.