Bitcoin Forum

Lucky for me I'm too poor for that, I basically live in the gray economy. Still, once all those financial institutions fail, I know I'll be dragged down as well, like it or not.

Unfortunately, as we seen in the 2008 crisis, their reckless actions can affect us all. Even if your not partaking in the fiat based market system.

True, true. Even the commodity prices in the gray market would be affected and us unbanked people, though we might not have our money held hostage by the banks, would find whatever money we have left pretty worthless.

there will be great opportunities following a financial breakdown. as they say, "buy when there is blood in the streets."

Well at the end of the 20's, the banks robbed everyone essentially. If it happened once, it can happen again. :P

The problem is you have to protect your capital until then. if you hold it in banks, it gets inflated away. Any other asset class - real estate, equities, commodities are likely to be impacted by a crash.

Off course when a government comes out with a bad policy, it will affect everybody in the country and it even affect the poor more because the rich would get a first hand information from friends abroad and find their way out of the country before whatever disaster starts happening. Even in banking, they would also find their way around or bank their money abroad. They are always informed.

There may be a trend leading towards a greater wealth gap but to say its heading back to medieval disparity levels is a bit much in my opinion.
Capitalism might not be the ideal solution since it will always result in wealth gaps. Having been said, there’s no better alternative. I’m pretty sure the OEDC will ensure that the gap is kept within certain boundaries so his statement was a little far fetched (IMO).

Privatization of the US stock market? What is that meant to mean? The US Stock market is meant for nothing else than trading private company shares. While I agree that wealth is being consolidated like never before, sensationalizing the issue does not help at all

I don't see how a bonds collapse could be avoided at this point, it's simply too much of a clusterfuck to dodge. A president of the United States, be it Trump or the next one, is going to need to deal with it. They either try to pass laws to try to make the agony longer to attempt to pass the problem upon the next president, or they burst the bubble (but no president is courageous enough to want to go through that).

Meanwhile, the millennials buying Bitcoin that are now being ridiculed by the boomers will be laughing as Bitcoin reaches new heights while boomers wish they bought as they try to dump their bonds.

 I'm not some.big financial.expert but I think it's prety much clear to everyone with common sense that financial system like this and this exploatation and dependence on banks can't last forever and must colapse one day, I should say soon. This world's finance bubble will have to burst and the consequences will be enormous. Bitcoin will not cause that, that it's for sure but maybe it could fasten everything a bit and maybe cryptocurrencies in general could be the healthier alternative with less corruption, politics and dirty games that are today basis in financial industry. Maybe this is not duable but the time will tell.

Banks are in the business of making money. If they find an opportunity to go bankrupt and profit off of it, rest assured that they will do so.

That's what banks do. I would not call it robbing, but banks have a mission and that is to make money. They can only do this by getting it from the people who depend on the bank. Even with digital currency, they first try to bring it down and if that does not work they purchase bitcoin to profit from this new development. It's the ultimate investment and banks realize the possibilities.

Sadly, we can't just tell them to get the fuck off. The richer people  lose their savings, and the poor are left with nothing. Guess people would be flocking to bitcoins should a economic crash happen in an attempt to preserve whatever they got left.

Aren't banks robbing us everyday? Also for how long have these video's and blogs been around saying: SOON! I think before youtube there were plenty of homeless people holding those signs, with the internet it has become business to hold those signs.

The banks have its own oath to maintain the secrecy of the bank deposit, thats why its hard  believe that they robbed the money of humanity.but everyone is entittled to express what in  his own thought.maybe the bank is declare of bankcruptcy if the banks is not capable to support the needs of there every  member.bond bubble maybe happen or not we always continue our journey and support in the world of cryptocurrency.