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The Great Crash Ahead: Strategies for a World Turned Upside Down Audiobook

Extended Audio Sample The Great Crash Ahead: Strategies for a World Turned Upside Down, by Harry S. Dent Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (54 ratings) (rate this audio book) Author: Harry S. Dent Narrator: Harry S. Dent Publisher: Simon & Schuster Audio Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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In his most recent New York Times bestselling book, The Great Depression Ahead, Harry S. Dent, Jr., predicted that the stimulus plan created in response to the first crisis would hit demographic and debt saturation headwinds and ultimately fail. In 2010, the stimulus plan had started to fail, and it was already stalling by the first quarter of 2011. The Great Crash Ahead outlines why the next crash and crisis is inevitable, and just around the corner—coming between 2012 and 2014.

With incisive critical analysis and historical examples, this book lays bare the traditional assumptions of economics. Dent shows that the government doesn’t drive our economy, consumers and businesses do; that the Fed does not create most of the money in our economy, the private banking system does; and that the largest generation in history is now saving for or moving into retirement, meaning slowing growth. This is the new normal! Our banking system borrowed to lend for the first time in history with unprecedented leverage and debt levels of $42 trillion, way beyond the massive government debt. But the government’s promises and unfunded liabilities take the cake, at an estimated $66 trillion and growing!

These massive debts will have to be restructured in a time of slowing spending, and this means a deflationary crisis, which is very different from the inflationary crisis of the 1970s and requires very different personal, investment, and business strategies. Dent and Johnson outline these strategies in very practical detail. In the coming years, the greatest surprise will be that the U.S. dollar becomes the safe haven and appreciates just when everyone is calling for it to crash, while the gold and silver bubbles burst along with the stock and commodity bubbles. And real estate will see another round of declines just when everyone thought it could go no lower. The Great Crash Ahead is about making smart, cautious investments—avoiding the sort of high-risk, high-profit investment schemes that sank the world economy.

The road to recovery will be filled with challenges and will require massive change, such as debt restructuring, plans for greater employment, the restructuring of social welfare programs such as social security and health care, budget cuts, and higher taxes—in short, a revision of the kind of lifestyle that characterized the “Roaring 2000s.” The good news is this process will eliminate tens of trillions of dollars of debt and can make way for growth again as the echo boom generation ascends. Or we can continue on our present course and end up like the Japanese, with no growth and high debt two decades later. Download and start listening now!


Quotes & Awards

  • “Dent brings more very convincing analysis on the unbearable debt that is down the United States and world economy.” 

    John Mauldin, author of Endgame

  • “Full of confident analysis and bold predictions.” 

    William Bonner, author of Dice Have No Memory and Empire of Debt

  • “Harry makes a clear and compelling case for what could be a tough time ahead.” 

    Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas

  • A New York Times Bestseller

Listener Reviews

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Review by Rschneider | 7/25/2013

    " Not a leisure read, however, if he is correct with his theories, the book will prove to be invaluable for your financial well being in the coming years. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Review by George Haun | 3/29/2013

    " Economics from an obviously biased point of view. The data presented seems to be one sided to fit the argument. Without objectivity this reader is left unconvinced. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Review by Mark | 3/8/2013

    " Did not care too much for the book. A little too over the top and felt like I needed an Economics Degree along with a Statistic Degree to follow. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Lowell | 10/30/2012

    " I agree with about 75% of what Dent has written here. I certainly don't hold to the same world view that he really gets into in the last chapter and conclusion of the work -- evolution and uniformitarianism. I will be reading his earlier work about the coming depression. "

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About the Author

Harry S. Dent, Jr., is recognized as one of the most reliable economic and business trend forecasters of our time. He has been profiled and quoted in Fortune, Business Week, the Wall Street Journal, Investors Business Daily, and Entrepreneur and regularly appears on CNN, Fox, and CNBC. He is a Fortune 100 consultant, small business manager, new venture investor, and noted speaker and has a Harvard MBA. He stood virtually alone in forecasting the unanticipated boom of the 1990s in his book The Great Boom Ahead. He also predicted a downturn in the US that would start around 2008. In 1989, when Japan looked invincible, he forecasted that the Land of the Rising Sun was on the verge of a 12–14-year downturn, which followed in short order. He offers a refreshingly understandable view of how the economy works and suggests practical applications at all levels, uniquely using the science of demographics to identify changing trends and opportunities. He has proven that by using his approach to understanding the economy you can foresee the key economic trends that will impact your life, your business, and your investments over the rest of your life.