1671 FBF: Harry Dent How to Profit from The Demographic Cliff - Central Bankers & the Creation of a Huge Bubble
04/09/21 • 46 min
Today's Flash Back Friday comes from Episode 545, originally published in July 2015.
This is a must listen to episode for investors. Guest Harry Dent has written over 7 books on using demographics to predict economic outcomes. He and Jason discuss the inevitable Chinese market crash, the deflation that is headed our way and the massive amounts of debt in the private and public sectors. For real estate buyers, it appears that the everyday house is the best place to invest right now and in the next 3 to 4 years we just might see the lowest interest rates on mortgage loans of this lifetime. Harry warns that the bigger the bubble the bigger the burst and predicts we will see the Dow drop below 6000 in the coming years and fracking bonds will be crucified.
Key Takeaways:
[2:06] Daniel wants to know about a sole proprietorship
[3:48] There is no asset protection sole proprietorship
[4:37] An LLC could be a self management company
[6:15] Self managed properties
[8:08] The power of the Venture Alliance Mastermind
[9:34] Jason’s next event - Sept/Oct
[11:28] The cost of colonizing the moon
Harry Dent interview:
[12:58] Florida the no income tax state
[13:44] A something for nothing life is not realistic
[14:36] Deleveraging the debt leads to money disappearing
[16:22] Debt grew 2.7x’s faster than GDP
[17:48] We are sitting on unfunded liabilities at 4x’s the GDP
[18:54] Debt detox is needed
[21:17] Is the U.S. in a legitimate economic recovery?
[24:39] Harry’s opinions on high end real estate
[26:41] Banks and governments made bad loans
[27:23] Why the uber rich won’t get richer after this bubble
[28:51] The greater fool theory - the Chinese are the last fools standing
[31:16] Trends and data from China
[33:45] Speculation will cause the crash in China
[35:22] The U.S. fracking industry will default
[37:00] Deflation is a sign a bubble is bursting 100 trillion dollars will disappear
[38:19] The Dow will drop to under 6,000 in the magphone pattern
[41:25] Junk bonds will be crucified and growing default rates
[42:48] Mortgage rate will come down in 3 or 4 years
Mentions:
Today's Flash Back Friday comes from Episode 545, originally published in July 2015.
This is a must listen to episode for investors. Guest Harry Dent has written over 7 books on using demographics to predict economic outcomes. He and Jason discuss the inevitable Chinese market crash, the deflation that is headed our way and the massive amounts of debt in the private and public sectors. For real estate buyers, it appears that the everyday house is the best place to invest right now and in the next 3 to 4 years we just might see the lowest interest rates on mortgage loans of this lifetime. Harry warns that the bigger the bubble the bigger the burst and predicts we will see the Dow drop below 6000 in the coming years and fracking bonds will be crucified.
Key Takeaways:
[2:06] Daniel wants to know about a sole proprietorship
[3:48] There is no asset protection sole proprietorship
[4:37] An LLC could be a self management company
[6:15] Self managed properties
[8:08] The power of the Venture Alliance Mastermind
[9:34] Jason’s next event - Sept/Oct
[11:28] The cost of colonizing the moon
Harry Dent interview:
[12:58] Florida the no income tax state
[13:44] A something for nothing life is not realistic
[14:36] Deleveraging the debt leads to money disappearing
[16:22] Debt grew 2.7x’s faster than GDP
[17:48] We are sitting on unfunded liabilities at 4x’s the GDP
[18:54] Debt detox is needed
[21:17] Is the U.S. in a legitimate economic recovery?
[24:39] Harry’s opinions on high end real estate
[26:41] Banks and governments made bad loans
[27:23] Why the uber rich won’t get richer after this bubble
[28:51] The greater fool theory - the Chinese are the last fools standing
[31:16] Trends and data from China
[33:45] Speculation will cause the crash in China
[35:22] The U.S. fracking industry will default
[37:00] Deflation is a sign a bubble is bursting 100 trillion dollars will disappear
[38:19] The Dow will drop to under 6,000 in the magphone pattern
[41:25] Junk bonds will be crucified and growing default rates
[42:48] Mortgage rate will come down in 3 or 4 years
Mentions:
Previous Episode
1670: Happy Money, The Japanese Art of Making Peace with Your Money by Ken Honda
How would your life change if you found peace with money?
Many of us don't have the greatest relationship with money, whether we realize it or not. But if you are able to make peace with it, you'll find that it opens your life up to much more than you can imagine.
Ken Honda, author of Happy Money, The Japanese Art of Making Peace with Your Money, joins Jason Hartman to discuss why giving is so powerful, the importance of money, and more.
Key Takeaways:
[3:39] What does it mean to not be at peace with your money
[8:20] Money is just a number and an idea
[12:21] Ken's money container philosophy
[16:33] What you appreciate, appreciates
[21:36] What you can do to invite more happy money into your life
Website:
Next Episode
1672: Leaving the Gold Standard, Operation Twist 2.0, Treasury Yields & Future of Inflation with George Gammon
50 years ago President Nixon took the USA off the last remaining connection to the Gold Standard. Since then a lot has changed, but one constant has been inflation. Jason Hartman starts off the episode looking at what Nixon did that really staved off massive inflation.
Then Jason talks with The Rebel Capitalist George Gammon about the newest Operation Twist. This is a program run previously that aims to manipulate yields. George explains how it did work and how it might be used again. The two also examine the hyperinflation of Weimar, Germany, and see if there's any link to what's happening in the USA today.
Key Takeaways:
[2:20] It's been 50 years since we went off the Gold Standard
[5:38] Nixon's reasoning for going off the Gold Standard
George Gammon Interview:
[9:48] What was Operation Twist and what's version 2 look like today?
[14:33] The impact of the Treasury spending down their account
[19:28] How bank actions are distorting the yield curve
[23:35] Is all of this as inflationary as it sounds?
[26:02] Average income in the US is substantially rising
[36:44] Weimar, Germany's inflation story
Website:
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