American Monetary Association AMA 221 - Why We Didn't Need This Tax Reform with Harry Dent
Jason Hartman talks with Harry Dent, author of the new book Zero Hour, about current demographic trends and what they means for our society (assuming fiscal and monetary policy doesn't go haywire), as well as how long technology takes to go mainstream and impact society, the impact of sunspots on our economy, environment, and psychology, why the new tax reform is the cure for the problem that doesn't exist, and more.
Key Takeaways:
[1:55] What does Harry learn by looking at sunspots?
[6:10] There's both global warming and cooling going on right now thanks to sunspots
[8:08] Harry does NOT believe this is the time to be cutting taxes
[11:08] The greatest BS economic recovery in history
[14:12] How much does money trickle in this consumption driven economy that needs growth?
[17:05] Nobody takes downturns into consideration when planning the future
[20:39] When are we likely to see a spike in life expectancy?
[23:50] The wild card in predictions using demographics is the government's monetary & fiscalpolicy
[27:19] Why we're going to have a big revolution if things don't change
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