Posted on 12/19/2023 5:00:39 AM PST by Carriage Hill
As the clock ticks closer to 2024, one outspoken economist is making a dire predication about the markets in the new year. "Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."
(Excerpt) Read more at foxbusiness.com ...
For sure, ***something*** is propping it up.
Apparently the basic rules of economics no longer apply.
My conclusion is that we live in a “rigged” economy—and if you are not a member of the fight club there is no way to know the rules of the fight club.
50 posted on 12/19/2023, 7:48:30 AM by cgbg (”Our democracy” = Obey or get canceled.)
Let me guess, you still think Biden got 81 million real legitimate votes in ‘20?
I think the congress and states elected him. I have no idea if every single vote was legitimate. And honestly, it doesn’t matter because Trump has done ZERO to change the system.
I certainly don’t want Biden to win again. But I will enjoy watching you melt down when Trump loses again.
>>
“Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial,
>>
Well, anything manmade is artificial by definition, so poor choice of word in that — but beyond that it’s pretty hard to argue with what he just said.
I have an exercise for FR. You know how GDP is measured and quoted in a quarter’s % gain or loss? Don’t do that. Go find the measure of GDP of the US. In trillions of dollars. It’s not a hard number to find because so many other measures are quoted as % of GDP.
Once you have that number, over the period of 2009 to now, compare it with government debt, over that period.
Here is what you will find. GDP changes each year by a lower amount than debt rises. Government injects money into The System and it gets eaten by The System and the rise in GDP is less than the injected total.
In other words, capitalism has failed. The economy grows less than the QE-funded debt that is injected. It erases that money — which was created by the Fed from nothingness.
After you understand this, you will stop looking for collapse and for anything logical or rational. The stuff came from nothingness. How can you expect it to conform to logic?
By the way, LOL, I’m not actually into my eightieth decade; I’m pretty sure it’s my eighth. I have done exactly what you describe with water, land and livestock in a location where nice homes often have a horse or two outback...a short ride from a large regional park. Best thing I ever did in real estate, especially for my sanity.
I wouldn’t be surprised if there was a massive, universal profit taking before the end of the year. The country and institutions are in the hands of evil idiots and über ripe for a systemic collapae of biblical proportions.
The baltic dry index is a measure of future shipping world wide and therefor a measure of future economic activity. It bottomed in the summer this year. Since then it has been going up.
Typically the country goes into recession after the fed starts lowering interest rates—because they see the recession coming and try to get ahead of it.
So we may be going into a recession—if we’re not already in one. What the baltic dry index shows is that on the other side of the recession is a sharp rebound.
The baltic dry index is a measure of future shipping world wide and therefor a measure of future economic activity. It bottomed in the summer this year. Since then it has been going up.
Typically the country goes into recession after the fed starts lowering interest rates—because they see the recession coming and try to get ahead of it.
So we may be going into a recession—if we’re not already in one. What the baltic dry index shows is that on the other side of the recession is a sharp rebound.
“Harry Shuler Dent Jr. (born May 12, 1953)[1] is an American financial newsletter writer. His 2009 book, The Great Depression Ahead, appeared on the New York Times Bestseller List.”
Harry Dent is a doom and gloomer who sells newsletters that predict doom and gloom, and sooner or later he’ll be correct as long as he keeps predicting the same thing over and over again ... then he can put in his newsletter that he called it!
There are many doom and gloomers. There are also perennial bulls like Siegal.
There is a sense of pointlessness when it is all controlled by Central Banks. The entire analysis industry has no real purpose.
For the past 2 years, I’ve told people that we’re already in a recession, but a depression — not on the 1929 scale — is coming, and... it may get close to 1929, now that I review the numbers and peoples’ financial exposure.
“The federal reserve will do everything in its power to forestall the collapse into Trump takes office. That way they can pin it on him.”
Right. If, by a miracle, Trump can get back into office, the Marxists will melt down the economy totally... just so they can blame him for it all. Reminiscent of how the 2008 economic collapse was blamed on Bush, but totally the fault of the Democrats.... and all to easily get Obama elected.
“Why do you think Lizard Cheney (and the entire Obama/Biden/Clinton cabal) is so afraid of Trump? I tell you, heads ARE going to be separated from bodies in 2024 if Trump is allowed to regain power. Many, many executions are going to take place.”
When Trump wins again in 2024, we will have to wait until 2025 for him to be sworn in. This will lead to 2 months of non-stop destruction of evidence and lots of executive orders designed to gum up the machinery before Trump takes office.
Unless a hot civil war breaks out, it will take many years for anyone to face the consequences of their capital crimes.
I think the worst case went off the table with AI.
It is a transformative technology that is already making people much more productive.
But the downside next year in tech will be that many people are laid off.
This type of prediction has been made just before the New Year every single year I’ve been alive!
It's been hot for a while now. Our side just refuses to fight. Too busy going to work to make that paycheck so we can make the mortgage payment and the credit card bills and the lifted "We the People" sticker in the back window pickup truck payments and keep the spouse in climate control and keep food on the table and clothes on the kid's backs and going out into the woods with our dirt bikes and all the tacticool airsoft stuff and hoping we have enough $$$ left over to buy booze to drink while watching the "Big Game" on the new flatscreen TV's. This is why another American revolution will never happen. Americans, specifically on our side of the aisle, have accepted - even PREFER - peaceful slavery over dangerous freedom. The evidence of that is obvious.
I read a story somewhere that talked about the fact that the feds had contingency plans that had contingency plans that never saw the light of day back in 2008-2009. In plain words, they had multiple plans to keep the economy afloat that were never implemented. Most of the "crash" scenarios are nothing more than the masturbatory fantasies of the cowardly "2%", "Oathbreakers" and "Pride Boys" types who love talking about moloning the labia. Oh, and Glenn "Buy Gold and Patriot Supplies" Beck.
Companies benefit from inflation... They can raise their prices and the value of their non-cash assets increases. It’s naive to think there is a negative connotation.
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