Dent Says Cash Will Be King in Coming Decade as Depression is Inevitable

“ The author of "The Great Depression Ahead," in his newest book HOW TO PROSPER, points to demographics and cycles as scientific basis for his prediction that cash will be king in the coming decade, and stimulus will not prevent the inevitable. ”

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(iRealtyWire.Org) – One of the most successful financial predictors has been Harry S. Dent, Jr., whose foundation tracks economic trends using tools related to demographics, life cycles of buying potential, and where people are moving. What makes him unique is his scientific approach, which is not merely focused on Wall Street company stats, but the larger impacts of changing societies, and the historical 40 year cycles of boom and bust. In his new book/series, "HOW TO PROSPER IN A DOWNTURN--Your Path to Success and Fulfillment in the Next Ten Years" he is saying that we are still entering a longterm downturn which stimulus by the government has no hope of changing. The occasional ups in the market which we're seeing now will not be sustained, and will shortly be followed by further crashes. (For more about this, see our interview with Dent at burjreview.blogspot.com regarding his last book, "The Great Depression Ahead." Dent also wrote "The Great Boom Ahead" back in the early 90s, when he stood virtually alone in predicting the tech and real estate boom coming.) The ten years cited in the new title makes sense, since Dent predicted that a global bull market won't occur until 2020 at earliest. He also narrates, reiterating his startling predictions: that deflation will continue, house prices will fall even more, and that this will be a true depression which Obama will have no control over, as there are larger forces involved beyond government regulation or mere "confidence in the economy." Cash is king during this era, not real estate or stocks. The objective is to survive, get lean, efficient, innovative, while others file Chapter 11 around you. The next decade will be about consolidation, restructuring of government programs, and looking overseas to China and India, who will become the next economic superpowers. This is a must-hear audiobook series for anyone looking to come out the end of this decade anything but broke. We recommend listening to both books to learn where to invest now, what careers to pursue or avoid, and why looking to the government for salvation is the biggest mistake of all.