A Nation In Distress

A Nation In Distress

Wednesday, February 29, 2012

‘Buy a Gun’ & ‘Keep Your Powder Dry’: Economists Warn of Looming ‘Economic 9/11′

From Conservative Byte.com:


‘Buy a Gun’ & ‘Keep Your Powder Dry’: Economists Warn of Looming ‘Economic 9/11′

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Despite recent reports that the U.S. economy is “recovering” and that there are signs of economic growth, some analysts are less than thrilled with what they see in the near future. In fact, they’re downright scared.
Harry Dent, author of “The Great Crash Ahead,” believes that the global debt bubble is going to burst and when it does, there will be a massive market crash. It should be noted that this is a revision of his earlier prediction that a crash would hit in 2012. He says he modified his forecast because the global central banks have been pumping the markets with so much money, stocks have been given a temporary boost. But he warns that as soon as the short-lived boost comes to an end, the crash will be hard.
“This will be a repeat of 2008-09, only bigger, when it finally hits,” Dent told USA Today.

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