Harry Dent-Fed Checkmated Next Time Around
Better get ready to hold on to your money because financial expert Harry
Dent says bank bail-ins are coming in the next crash. Dent explains,
“This time, when they blow it up even higher, it’s going to be a steeper
downturn. Who is going to vote for central banks printing $20 trillion
next time instead of $11 trillion like the last time? There are $250
trillion dollars in loans and financial securities around the world.
It’s all stuff that can fall dramatically in value. I see $100 trillion
of that disappearing. So, is the Fed going to create $100 trillion to
make up for that deficit? I don’t think so. I think they are going to
be checkmated next time around.”
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