Economist Harry Dent has successfully predicted a number of our recent bubble breaks, economic crashes and other fed-induced catastrophes. Dent is now predicting that the world is on the verge of a bit of a double-whammy: An economic crash as well as a revolutionary upheaval.
Congress definitely knows an economic crash is coming. The next COVID stimulus bill is being held up because too many of the older Senate Democrats are unwilling to spend an extra trillion dollars on stimulus checks for illegal aliens. Read that sentence again.
A bunch of Democrats in the US Senate (eight at last count) have joined with Republicans in imposing more massive debt in the form of COVID checks for illegals. They won’t say it out loud, but they understand that the debt bubble is on the verge of becoming unsustainable, and they obviously aren’t all that confident that Janet Yellin is going to be able to pull a rabbit out of her hat.
The other point that Dent is making is that the entire world also goes through a roughly 250-year revolutionary cycle, in addition to shorter economic cycles. The Protestant Revolution in Europe was approximately 500 years ago, and it’s been just about 250 years since the American Revolution in 1776. What’s going to happen during the world’s next potential revolutionary phase?
More importantly, what happens when an economic crash and a revolution happen at the same time?
Check out Dent’s fascinating discussion on his theories with Glenn Beck in this video…