The Great Depression Ahead: Protecting Yourself from the Coming Economic Collapse

Introduction

In his book, The Great Depression Ahead, Harry S. Dent Jr. warns of an impending economic collapse that he believes will be worse than the Great Depression of the 1930s. Dent bases his prediction on a number of factors, including the unsustainable levels of debt in the United States and other countries, the aging population, and the increasing cost of energy.

The Coming Economic Collapse

Dent argues that the United States is on the brink of a financial crisis that will be caused by a combination of factors, including:

• The unsustainable levels of debt in the United States and other countries. The United States has a national debt of over $22 trillion, which is more than 100% of its gross domestic product (GDP). This debt is growing at an unsustainable rate, and it is eventually going to have to be repaid.
• The aging population. The population of the United States is aging, and this is going to put a strain on the economy. As more and more people retire, there will be fewer workers to support them. This will lead to a decline in economic growth and an increase in inflation.
• The increasing cost of energy. The cost of energy has been rising for years, and this is going to continue to put a strain on the economy. As the cost of energy rises, businesses will have to raise their prices, which will lead to inflation.

Protecting Yourself from the Coming Economic Collapse

Dent offers a number of recommendations for how investors can protect themselves from the coming economic collapse. These recommendations include:

• Investing in gold and silver. Gold and silver are safe-haven assets that have historically held their value during economic downturns.
• Buying real estate. Real estate is a good investment because it provides a steady stream of income and it is a hedge against inflation.
• Starting a business. Starting a business can be a great way to make money during an economic downturn. If you have a good idea and you are willing to work hard, you can start a successful business even in a tough economy.

Conclusion

The Great Depression Ahead is a must-read for anyone who is concerned about the future of the economy. Dent provides a detailed and well-researched analysis of the factors that are leading to the coming economic collapse. He also offers a number of practical recommendations for how investors can protect themselves from the coming economic downturn.