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Hmmm. Interesting that the US government maintains supplies of oil to save it from what the oil cartel might do, but the Federal Reserve maintains stocks of gold to save it from what the Federal Reserve might do :confused:

I don't know Sunfish, what can you tell me?

Also on gold, I think you need to bear in mind that while many governments sold off their gold holdings the U.S. did not. It is still the largest single holder of gold by far in the world. Why didn't they sell off gold? I'm guessing it might have something to do with the 'conspiracy' that is...

Absolutely, I'm a big Matrix fan, and always saw it as a commentary on the financial system. Interesting that the architect always knew how to defeat the people but it was only in the machines best interest once the system became unstable. If you have not read it already 'The Creature From...

I agree that whatever baby boomers take their money out of, it will deflate, and mostly it will have been leveraged. But they won't be taking their money out of everything. It's not an uncommon phenomenon that when one investment class is struggling another will boom, that's because the rich...

Ausprop, Ben Bernanke is not known as Helicopter Ben for nothing, he vowed that if the U.S. economy doesn't catch on he will throw money from helicopters in order to inflate it. I have read both Harry Dent's Baby Boomer theories and Robert Kiyosaki's, and I think Kiyosaki has good points...

Sure, in '71 Nixon took the U.S. dollar (the worlds currency), off the gold standard all together. Gold was being officially held low 'till then, but afterward it rocketed in price till the value of all gold in the U.S. treasury was worth at least the value of all money in circulation...

I am starting to feel that Robert Kiyosaki has a better grasp on the economic implications of this demographic phenomenon. He has also been sprouting about baby boomer demographics for a long while though he has a different bent on the economics. There are many places he talks about these, but...

Yes the population has grown from births and immigration. But this issue is not about those things as such. This is about the number of people who are aged between 40 and 50, they are far and away the largest spending age-group (my first post here has a 'spending by age-group' chart). And baby...

@Aaron Sice & @Piston Broke, I have to agree with the guts of what you're saying, and I think Dent certainly deserves to cop some flack. He uses some very questionable economic indicators, and when they go wrong he looks for other indicators to explain those failings. However in the...

I do agree that he altered his indicators once to explain why his forecast for the Dow wasn't met, and I don't follow his lines of interest in short term market indicators such as support/resistance etc. However demographics are the guts of his method and I find it hard to ignore his 1992...

Australian demographics aren't as bad as the U.S. or Europe (Australian Spending Wave, below). We go flat into 2025 and then boom again, plus we have good trade with China (whos demographics turn sour in 5-10 years), and India (who's demographics haven't started their spending phase yet)...

This is pretty much where Dent says we are headed, he specifically uses Japan as an example of what can happen to the political environment in an an aging population. US Fears Grow Over Catching Japan Economy Slowdown - CNBC News

Found a new chart, this is a more recent forecast of the net number of people entering the workforce (U.S. forecast), so it adds 20 year olds and subtracts 63 year olds (retiring). Compared to inflation.

Dent is on about Americans of the baby boomer generation, because their numbers are greater than subsequent generations they have more of an effect on the economy. He definately does take into account changing trends such as a given generations change in parenting age. However it is difficult to...

Yeah just a wee little bit :rolleyes:

I'm reading this book right now and I must say it's rather unnerving given the current economic situation... The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History. By Harry S Dent. The idea of the risk to the economy from the retirement of baby...