Scottsdale, AZ – The Creating Wealth show host Jason Hartman spoke to critically acclaimed New York Times bestselling author and trends researcher Harry Dent. The financial pundits discussed a variety of topics, including current demographic data and how it ties into the economy, unknown causes of the 2008 Great Recession, and the coming global depression.
The conversation began with Dent explaining why consumers struggled to overcome the 2008 financial crisis.
“For 25 years, from 1983-2008, debt in the U.S. grew 2.7 times faster than GDP,” Dent said. “You can’t grow that fast without having a debt crisis.”
To fight the Great Recession, the U.S. government and Federal Reserve printed money to mask the debt, which has created bubbles in stocks, bonds, real estate, and precious metals.
“The Dow will hit 6,000,” Dent predicts. “The Shanghai will go down 70% close to 1,000. History has shown that markets reach new highs and then crash.”
The Dow Jones Industrial Average reached an all-time high past 18,700 in August. Leading the coming crash will be the destruction of the fracking industry, which has suffered as a result of low oil prices.
“$600 billion of the $1 trillion fracking industries are highly leveraged debt,” Dent said. “It will kill the junk bond markets and make Greece, Portugal and Spain’s default issues look like nothing.”
The Creating Wealth podcast with Jason Hartman has a global audience in more than 164 countries and is ranked highly in the Investing section of iTunes. New episodes release every week.
The podcast is a part of The Hartman Media Network, which is becoming a required stop for politicians, the media, and economic, finance, health and travel experts. The Hartman Media Network has been host to a wide variety of prominent names from all sides of the spectrum, including 2016 Republican candidate Dr. Ben Carson, former Senator Todd Akin, and Rich Dad author Robert Kiyosaki. Other guests have included Presidential nominee Pat Buchanan, Weather Underground leader Bill Ayers, and FOX host John Stossel.
Hartman Media podcasts can be accessed at www.HartmanMedia.com
About Jason Hartman
Jason Hartman is the founder of The American Monetary Association, Platinum Properties Investor Network, The Hartman Media Company and The Jason Hartman Foundation, a resource for young adults to develop financial literacy.
In a successful investing career spanning over two decades, Hartman has been a successful entrepreneur, speaker, author and media personality. His Complete Solution for Real Estate Investors has helped thousands of people achieve their dream of financial freedom with income property investments.
Jason is also:
- An innovator in teaching personal financial literacy and empowerment
- Creator of The 10 Commandments of Successful Investing, a set of no-nonsense guidelines for achieving financial success
- CEO of Platinum Properties Investor Network, a comprehensive resource for creating sustainable wealth through income property investments
- Self-made multi-millionaire with income properties in several states
To learn more about Jason Hartman, visit www.JasonHartman.com
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