Bitcoin Forum

It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

I'll admit all this sounds fine and dandy but, to be honest, all this stuff is based on a series of events taking place in the exact way these people predict them.

The US is definitely headed in a rocky direction but, I think these people are just a group of arrogant asses that want the satisfaction of telling the world "I told you so." They are no different than the religious groups that have been wrong time and time again about the end of the world.

I doubt it, anyways like last time in 2008, I am sure the US government will bank us all out with the tax money that the people pay them and still not take any action towards improving the situation.

The elites dont want a collapse since they have us right where they want us so it will have to happen because they lose control.  Im seeing a decline in sales in online store atm quite dramatic so i dont think economy is in great shape.  Housing market looks in trouble also.

I see a slow decline for the centre.

In my country, economy doesnt seem in good shape too.
Lots of working people saves money like hell. Noone really spends their money except food, clothing, heating.
Gadgets like phone does not sell very well, too.
As Marx even said and even lot others, collapse is inevitable. It will happen in sometime again. They will fix again and return back.

No way not atleast this year but yes maybe after one decade or sooner if Trump becomes prez

Okay I agree that it's better to save cash rather than splurge it on gadgets and whatnot but what's the point of saving money forever when sooner or later everyone is going to die and if you don't want to live like a normal person right now do you expect that you will have a better life when you are older but have more money? I don't think so. People tend to save cash like they are going to live forever and more often than not die unexpectedly leaving behind a fortune in their bank accounts for their relatives to spread among themselves like vultures on a carcass  ;D

Would be interesting to know there you come from?

Boom and burst is the nature of capitalism. On average, a collapse appears every 7 years. So next crash is behind the time.
I personally expect that the next crash will more hurt than the one in 2008 because back the central banks has almost no more space to act. Because of the extreme money politics over the last years, what led us into a world of almost no interest, there munition to fight collapses is always gone.

Savers are in a minority these days. Most people live paycheck to paycheck, or on their credit cards.
We truly have a consumer economy where people spend more than they earn.

Aren't we already on a collapse daily? No, seriously every year they keep saying a collapse will happen without realizing that it's already happening year after year? My house was worth 200k and now I may not even be able to sell it for 50k, if that's not a collapse I don't know what is.

Maybe your reference point is skewed.
Just because one asset bubble has burst doesn't mean that the global economy has collapsed.

so you dont believe the dollar will collapse then?

Another apocaliptic prediction but I don't think this will be the scenario. Here I can't see no real arguments for that. Maybe the situation for dollar is not the best and global economy has serious problems but it will not be end of the world. From the financial point of view. At least not yet.

Calm down guys. I am sure that we will see another global crisis in the future - that is more than certain. But I don't think it will be this year.
And if you search YouTube or internet - you will find that there are loonies who predict USD collapse basically every year.

i see where youre coming from. His actual evidence he uses are pretty awful and there are no real facts and figures there to support these videos. Just mild statements here and there.

yes i think its just a prediction for future and for now and a few next year, i think the condition still the same but with up and down conditions on market. USD will get position like before but no one know what will going happen in future so better we do all the best thing that we can do and we don't regret it in future.

but this has happened before in Venezuela and Zimbabwe whats to stop it happening in the western world

Lol only on a public forum will you see the source as youtube for crying out loud. I'm sure there are some economists that are predicting this. You really couldn't have quoted a real news site or something? Maybe even *gasp* a well written University study?!

I hope that it will not happen in the future.. but we can not control them because the population in the world is increasing daily.. and more people will come so i think global crisis will happen in the future so now if you are live better topush your self to be rich so that before financial crisis come you have a good money to buy something that can help you to live..

IMO, Trump will be better than Hitlery for the global economy. Things will get interesting if he is elected as the POTUS. There will be a US vs China trade war, and the real winners will be the other countries such as Japan and the European Union. Also, crude oil prices are likely to remain in the 40s or 50s, which will reduce the possibility of an economic collapse.

If Hillary is becoming the president of US, it'll be the start of WW3. She already did declare this, so it's not about conspiracies anymore. I wish it was, but... At this moment, we're trying to actually chose the smallest danger of our country. Two dangers, we gotta choose the smallest one. This is it..

I doubt in this, economy crises are just manipulation. Economy can collapse, but as always poor people are the ones who suffer mostly. Rich people are more richer after crashes and collapses. Yes some lose a lot, but new millionaires come.
I don't think dollar can crash in some near future, industry behind dollar is very strong. That can't fall in couple months, years and decades are needed for something like that to happen.

It's entirely possible for there to be an economic collapse very soon, we're seeing it start to get pretty bad already, so something going really bad really soon isn't out of the cards. The industry behind the dollar is definitely not strong.

And if you think that a currency can't fall over the course of months, look at the Deutschmark, and the Pound Sterling when it was taken out of the world reserve currency position.

Don't think two guys can predict the financial crisis accurately, so i will say better to stay away being worried about any global economy crisis. Holding fiats in bitcoin may save in such scenario.

Dying unexpectedly is not as bad an option as having your health slowly but surely deteriorating over time without having any money to pay for all those hefty healthcare bills. I don't think that with age you will be getting healthier (just what you say yourself), so saving (some) money is a must and a sane policy overall unless you are going to end up under the bridge in your own faeces. When you are young (and proud), you can't fully understand this...

Anyway, mother nature didn't intend you to live that long

nobody could predict a global economic collapse and it cannot be predicted that it would collapse this fall,if that is so easy we would see many billionaires from these collapses as they would sell all their assets and will wait for the collapse to purchase again,as it is noted earlier these kind of collapse does occur due to series of events,i personally hope and wish that these things does not happen anytime soon

Well back in 2005 we did have a few people predict the crash and they did earn a lot of money on it as well. You should watch the movie Big Short for it. The global economy depends on the US market for a lot of things, and when the US market goes down, a lot of the other economies follow as well.

Again we should not believe to what just people say in videos or blogs. This are their opinions, i can do it also if I want to. I will just get some facts connect it somehow then there it is a new story that is almost true.

What I mean is that every year it's worse and worse, there hasn't been a collapse yet. Anyways if there is ever a global collapse bitcoin users would profit??

More and more people are jumping on this bandwagon. Of course Jeff Berwick from Dollar vigilante is also on this, Alex Jones and all those guys. I think it's bullshit. I keep hearing about the end of the dollar for a ton of years now and it never comes. I think the USD is already dead and what we see is a zombie that refuses to die.

Summer is over so we have another dark scenario for the rainy days. Global economy is not in its' best shape but we'll stil have to wait for a while for a total crash.

thats bullshit, if trump gets elected then the war will start because usa and russia would become allies

They say this every fall, sometimes even with specific dates.

The economy is in a bad state, and it will get worse pretty soon, but it's impossable to predict the date or even the season (and very hard to even predict the year).

They have been kicking the can over and over, and they may or may not kick the can a few more times.

Eventually it will have to end somewhere.

Yeah I'm trying to figure out what to invest in for when the economy eventually collapses.
Probably guns and ammo would be the best. And some precious metals for trading since eventually fiat currency will be worthless.

It may not happen in our lives, but there is definitely some Mad Max times coming in the future.
I feel bad for our children and grandchildren. We are probably living in the last of the "good times".

It is good there where we are not ! You have lived in Ukraine and then would understand that You can't complain to Your government. There earn 150-200 $ per month. And rates for the year grow up twice.

I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!

well its hard to track what is usd price is going to but i know it will not be collapse so soon or ever it is worlds 1st ranked currency :p

well its hard to track what is usd price is going to but i know it will not be collapse so soon or ever it is worlds 1st ranked currency :p

could you see it happening within 10 years?

Ain't nobody got time for this shit anymore.

It's like the end of times, after you survive 25 apocalypses you don't care anymore...

Check this out:

http://www.investing.com/equities/deutsche-bank

Do you see what i see? I see a big smoking pile of SHIT!

Do you know what that shit means? It means that shit is about to collapse. There are only two ways out.

1) Merkel aids the shit by printing money, so all EUR holders share the damage. (Will make lots of people angry)
2) They let it burn and countless banks will die along with that big shit. (Gonna make lots of lots of lots of people very very very angry.)

Solution: Buy gold. It is shitproof.

...

I have been a growling BEAR since Jimmy Carter (late 1970s for you young 'uns).  I even had a 90-acre plot of land in case the SHTF for a few years.

I think it is always best to be prepared, giving some thought & taking action re BAD SCENARIOS.  Buying gold, etc.  And so that makes me more bearish than "average".

Yes, Deutsche Bank may be the domino that knocks all the others down, with perhaps terrible results.  But, this 60-year old bearing & gold guy has been looking at this stuff for a LONG time.  And it doesn't seem like it is ready to collapse yet.*


* Given that, maybe I have a "Normalcy Bias" that prevents me from seeing...  But NO ONE can reliably predict the future.  Best be flexible and ready for almost anything.

Not sure if it will happen in our lifetime, but eventually the world will be something straight out of a Mad Max movie.
Owning some land and some gold (not being 100% invested in fiat currency) is probably one of the smartest things a person can do.
Guns and gold are probably the safest investment in all honesty. :P

The world is a pretty volatile place in current times....There have been quite a few economic doomsday predictions for this fall but, then again, there were quite a few for this past summer and spring too.  I'm economically prepped but I think there may be bigger problems on the horizon then cash flow....What's a dollar gonna do when there's no place to spend it?  I don't know....I think we might be heading for a non-currency based struggle soon.

Knowledge is the best investment....

No,the global economy won`t collapse.

The global economy needs huge changes to be made in order to start growing again.

The USD is still strong and it will remain strong,if all the people on the planet continue to use it.

Clearly, yes! I could see it happen within three days. It's just extremely difficult to predict the exact point in time. It's a certainty that the existing fiat regime is terminally ill. However with extraordinary measures some patients can be kept alive in coma state for weeks...

For example, if you look at Argentina and Venezuela the death process can be significantly prolonged - although I'd say that the state in Venezuela is already very close to apocalypse. The difference between these countries and the U.S. / the EU is however, that the Western countries have much more significant financial dependencies that can have a much bigger influence on the real economy / the people and could rule out such a "slow death"-scenario.

A breakdown of a major bank (for example Deutsche Bank) could easily trigger a chain of events that might quickly get out of hand...

ya.ya.yo!