Bitcoin Forum

We're taking a look at a world having more, MUCH more debt than it generates. It's getting closer and closer to the impossibility of paying the many-trillions debt and that's sad because it means the chance of a recession just got boosted.

Something weird is going on now with the bank accounts. I just read a thread here regarding India's bank accounts being wiped (https://bitcointalk.org/index.php?topic=5191378.0) and it reminded me of an article I read only a few days ago regarding the Turkish bank accounts being frozen up. This doesn't look like a coincidence to me, and what's scarier is the amount of events worldwide we're waiting to happen, the biggest ones being Brexit and the American elections getting closer. We're confronting many economical events and that could bring down the system. It's good for those who've prepared, but it's gonna be a pain for whoever isn't ready for it.

Here's the source of the Turkish government freezing up +3.3million bank accounts: https://news.bitcoin.com/turkish-government-freezes-over-3-million-bank-accounts/. That's a creepy number, it affects over 4% of Turkey's population. What's even scarier is the reason they've frozen up their accounts is because they had passed a debt threshold, now go back to the first paragraph I wrote here and read that again: the chances of being able to pay the world debt is getting closer to impossible.

Only a recession could save us. This is not a bubble anymore, there's something bigger coming up. Now it's not about the USA, it's about the entire world being stuck here. Many say the consequences of a recession cannot be clearly predicted as it differed completely from one crisis to another, but I think it is pretty clear that a recession happening today would have a disastrous aftermath.

Take it back to a few months ago when we had the yield curve inverted (https://markets.businessinsider.com/news/stocks/yield-curve-inversion-deepest-since-2007-flashes-recession-signal-2019-8-1028478146). It wasn't the first sign of a stock crash, but it was a very good warning for anybody who hasn't prepared yet for what's to come. If 5 years ago mentioning a stock market crash was stupid, today more than 50% of my friends think it's on its way. That's confirmed by some statistics made by Business Insider (https://markets.businessinsider.com/news/stocks/next-recession-metlife-survey-shows-americans-expect-one-arent-prepared-2019-10-1028591353).

Now to whoever isn't prepared and is wondering what they can do to prepare, there isn't really a "recipe" of getting yourself and your family ready for what's to come. Bitcoin hasn't been through a recession before (ignore the 2009-2012 one as almost nobody used BTC at the time), so the price would probably go absolutely crazy as nobody will know whether in a recession BTC could be considered a safe haven asset or not due to the fact that it only works through electronic devices.

I'd suggest having both a reserve in precious metals and in BTC. If a crash happens, you have both of them and I can assure anybody the price of silver and gold would rise substantially in case of one. In fact, it's not the price of the precious metals rising but the fiat currencies being slowly devalued by the crisis.

It's scary, but it'll happen sooner or later. I don't understand how somebody could take it as a joke or as a very small probability... it's happened so many times before, it's an usual period of the economy. We have even Warren Buffet predicting a recession (https://www.ccn.com/billionaire-warren-buffett-predicting-a-stock-market-crash/).. But millennials haven't been through a recession yet so not going through something your entire life might make you believe it's just a story and will always be like that.

That's some good analysis for sure mate, it's crazy how fast everyone's debt is going up with the new tech leaps we are seeing.

There is something foreshadowing from all of these events with banks you've listed and it does make a lot of sense there is a recession on the come up.

Crazy work Kevin, nothing much I can add here except mostly agreeing with everything your saying. There's a very real chance this does happen.

This has already been predicted since months and people are actually making some comments so as how we could actually be benefited by holding cryptocurrencies and all when the government and the banks are going down , what I think is the government is more developed today and will be able to handle these quite efficiently , if it does happen I think we need to be prepared in every way possible.

I agree that a recession is on the way, and it will be global - economies are too inter-related nowadays for a crisis in one big country not to affect everywhere else. Debt is a big problem, we live in a consumer society and there is a lot of credit card debt, but mortgages are a bigger issue. House prices are still too high, but we now have a situation where for some years interest rates have been very low, and many people have taken out mortgages at these low rates... which effectively prevents the government from raising rates. They know that if they do, then a lot of people will end up defaulting on mortgage payments, which will be a huge problem.
The main cause for concern though is simply that no lessons have been learned from the last crash. A few half-hearted preventative measures have been put in place, but this is just papering over cracks.

Definitely, the global economy is edging towards a huge recession that can affect everybody from big economies to small ones. The debt trap will soon be roaring its ugly head and no one will be spared. Countries and people who are not entertaining the possibility of this major setback will surely find so many shocks and surprises. This is going to be wiping out a big chunk of people's accumulated wealth and that is why we have to be prepared for this coming malady and man-made catastrophe.

Bitcoin will then soon be tested and we can see how it will be behaving under the pressure of the intensity of the recession...will it make the coin soar and stronger or will it go south instead? Let's see what can be. For now, we should accumulate as much Bitcoin as we can as a way to store more value as our insurance in the expected economic conflagration. Hopefully, the recession can be the fire to test the mettle of Bitcoin and make it stronger and more valuable.

What happened in Cyprus is going to repeat and I have no doubt regarding that. A lot of people assume that the money in their bank accounts is safe. Unfortunately, that is not the case. When the next recession occurs, there is a very good chance that the government can seize not only the money which lies on your savings account, but also your gold bars, stocks, mutual funds and ETFs.

Yep, bank accounts getting frozen happens and it isn't a new thing.  Just a few years ago, Cyprus had the same problem if I'm not mistaken (or Greece; I can't remember since I don't follow news from Europe in general). 

Not sure I'd read too much into this, although in the last year I've read any number of predictions that the next great recession is on it's way.  What worries me is that the price of precious metals has been slowly rising as if institutional investors know something is coming...and it very well could be true.  The stock market has been inflated past rational prices for years now and the world probably is overdue for an enormous correction if not a global recession. 

I'm not saying it isn't coming, just that the banking situation with frozen accounts might be a red herring.

I believe the idea of Bitcoin investment/holding during a recession will be a big fear and confusion until an event like gold/silver confiscation takes place, where Bitcoin becomes a "king" that is way harder to find & take thanks to the possibility of hiding even billions in a small piece of paper with a private key on it.

As it's never been used in a recession before, it wouldn't surprise me if there's one point where it simply crashes like never before. The biggest crash in its history was in 2011 (-93%), and that percentage would bring it today down to around $600. At the same time though, I do believe it's not going to be a long lived crash.. but out of confusion and fear, the stakes are pretty high for it to happen IMO.

Since the previous recession the banks didn't recover properly (and governments rely on banks). Also around the world it was an unexpected spread of populist governments. You know, those who "help" the population promising money they have no means to collect in the first place. Of course this made people poorer and the government debts higher.

Bitcoin and crypto allowed the creation of businesses that took a good slice of banks' profit and maybe made some of them rethink (and maybe make cheaper) some services.

The banks' rules for investments and crediting became much more strict since the previous recession and their appeal for doing business seem to have lowered too.


I see now the banks like they'd have their legs tied together. They've stopped walking. And sooner or later one or more could fall (not forever!).
An interesting thing is that everybody is super cautious on talking about recession. Like if they would deny it, it would not come. But the clouds are gathering.


OP's advice is great, diversifying is the best route if one has the funds for it. Bitcoin price in fiat, the fact that Bitcoin can easily traded for fiat, is a benefit and a curse; when needed one can quickly sell Bitcoin for fiat for other needs, which in case of recession could be big.

No doubt this is a really good analysis of World's economy however yhe assumptions you are taking can even be independent events which do not have any inter relation with each other. Moreover such events are pretty common. Talking about India just a couple of years ago a defaulter defaulted ₹11000 crore from a major bank. Moreover bank you have mentioned is pretty small almost negligible considering the Indian economy. Such events happen every year in various country. Your concern is genuine but I think in bigger picture i Don't see a negative growth or an extraordinary positive growth which is number one indication of recession.

Over the past few years, trade wars and the collapse of wealthy nations like Venezuela have shocked and greatly affected the world's economy.
I think these are the turning points that make the economy worse and at some point, when the debts become too big and cannot cover up anymore, the economic crisis will happen soon.
We should prepare for this by buying lots of land or gold for storage.

This is a tricky topic. A lot depends on whether it's simply a recession on the way, or a currency crisis characterized by fiat collapse. There's a huge difference. In a typical recession, cash is still king. Consider gold's performance during 2008; it dropped 34% between Q1 and Q3.

Fiat collapse is another story. If the dollar or other major currencies go the way of the dodo, all bets are off. Hard money like gold and (and quite possibly BTC) would be in extremely high demand.

It's impossible to predict when fiat collapse could occur. It's easier to bet the trend and assume that we're looking at another short-lived financial crisis and recession.

Earlier Zimbabwe collapsed too. Many turning points have happened in the economy since past decade. Not all of them have led to recession. Recession happens when there is a major outbreak of supply in economy which is not met by equal demand from people not just some shocks. Even in the 2008 crash happened because loans were defaulted at a very high scale thus creating a supply of property in the economy not met by an equivalent demand. Thus leading to collapse.

The only country where private debt is going down is Britain - and that's because Brexit has acted like a wake-up call and forced people to put their finances in order so that they're in good shape to deal with the future.

Last month British businesses repaid £3bn in debt, which is a measure of how seriously they're taking things.

The mass speculations are the US will deep into a recession in 2021. (https://markets.businessinsider.com/news/stocks/next-recession-trump-survey-shows-most-economists-predict-downturn-2021-2019-8-1028456445).

Such a recession will be great for anybody with free cash and coins. I will do my best to accumulate as much as I can till then and if there is a real recession - to turn most of it into real estates. I've missed the options 2008 crisis gave to the people with wealth, I don't want to repeat this mistake again.

Wouldn't the economy crash if fiat collapsed? Like every financial transaction in the world would end up being dead at that point, and could cause large - scale damages all over the globe. And I don't think the government would provide help to those people whom have no contingency plans in case of such events happening. And even if they did, it would only cause more and more debt of the people to the government, essentially killing the country itself from the inside.

Evryone is writing about recession. So, what to do right now? Buy gold?

Pay down debt and build a stash of cash. In recessions everything becomes cheap - imagine if you had a lot of cash in 2008 and could have bought Google shares at the bottom. You'd have made a 600% return.

Freezing assets in Turkish banks is nothing new, it has happened in the past before and it has happened recently as well, it is mostly due to foreign exchange more than just getting your money, they don't like to get your money and leave you broke, that is not the issue.

If you have dollars in your account or euros they freeze your account, get your dollars and euros, they give you Turkish lira at the same rate as market (so not screwing you with exchange rates) and just keep the foreign exchange, they are basically making you forex forcefully because they want everyone to have Turkish lira and use that instead of dollars, they lack foreign exchange in the central bank which leaves them powerless against other nations so they collect it from the population this way, it is not ideal but it is not "my government took my money" level neither.

This is a good time to get your finances in order. Should this finally happen you can expect properties to get dropped hard. If you have the money to buy them, then you can go shopping and then hold on to them till the economy recovers.

Might be also wise to acquire some crypto, at least as much as one can afford without going broke. Actually having cold, hard cash stocked also won't hurt.


Didn't Buffett made most of his money during the last recession? As for millenials, do they even have enough savings to be wiped out? I don't think so.


It was Greece but it was from their government declaring bankruptcy. They froze bank accounts to prevent a bank run.

Perhaps a global recession is coming, maybe not. It is clear that the development model we are following has its limits, and cannot continue in this way. But it is also true that the powerful did everything they could to create panic and emergency, so they could impose their laws. We'll see.

From all indications, it's clear that a global economic meltdown is coming and it's not very much far away as it may seem. With some countries already having debts running in billions of dollars, it would be very catastrophic especially for developing and underdeveloped countries where the economy is still very fragile. It's a very sorry plight.

See what is happening on the market.  The market is bleeding.  The capitalization of altcoins decreases every month.  And regulators clamp down on the largest projects, which will undoubtedly affect the attitude of the majority of the crypto market.  No wonder, after all, new money does not enter the market, which means the onset of a recession is inevitable.  I think if Bitcoin drops to the levels of $ 6000 or $ 5000, this could become a catalyst, subject to a positive information background, to growth.

I've never seen a recession during which Gold's price shrunk? It actually soared during the 2008 crisis and had its all-time high during 2011. It doesn't make sense otherwise. Here's info from The Balance (https://www.thebalance.com/gold-price-history-3305646):

"Gold shot up to $869.75 per ounce during the 2008 financial crisis. The price of an ounce of gold hit an all-time record of $1,895 on Sept. 5, 2011, in response to worries that the United States would default on its debt. Since then, it has fallen, as the U.S. economy has improved and inflation remains low."

I did not link fiat collapse to recession. But as far as I know, fiat doesn't get stronger during such times.

So now your point is the pending recession is already causing a collapse in the crypto market? FYI, US and Europe might be dangerously close to a recession but it doesn't mean It will eventually come. Right now, Trump is taking measures to ensure everything goes back to normal but with a growing debt and fewer jobs, It might go the other round. If it does, Crypto market might just be a whitelist as fiat currencies USD, NZD, EUR, might take some serious beatings and Bitcoin alongside Altcoin might (just maybe) become the new gold especially in times of recession like this one where people are moving out their funds from fiat.

Sounds like a familiar throwback to the 2008 global financial crisis doesn't it.

Central banks around the world are lowering rates because they forecast below average growth rates in general and low inflation, which is not always a good thing given the fact that it can directly feed into a recession. What should be a neutral policy rate in Australia would be around 3%, but instead the rate is at 0.75%.


Certainly, especially when considering the fact that both precious metals and BTC are currently undervalued in my opinion. The fact that both of these asset classes have no affiliation with the fiat economy will help it retain value in times of crisis.

They didn't pass any debt threshold.
They simply didn't pay their taxes.
Not paying taxes is a national sport there, just like in Greece, everyone wants as many freebies from the government as possible but when it comes to paying back....nothing.

And the scale is just because they finally did something against it.
Try not to pay a fine in the EU, let's see what happens in a year, not in a decade like in Turkey.

Actually


O yeah, the miracle cure...
Let's see, what could be better than people losing their jobs, savings, governments in collapse not able to provide healthcare, order, basic utilities.
Wonder why Venezuela isn't saved by almost a decade of recession. They should be super fine by now.


Because it's becoming tiresome!
2010 - a bigger crash will follow
2011 - we avoid a serious crash but another one will come
2012 - it's all false there was no recovery, the crash will happen
2013 - one year till the crash
2014 - it's time for the next crash
2016 - all the signs point to a crash
2018 - yeah, there was no crash int he last years but another one will happen
2019 - my miracle we avoided another one but.
..............................
2050 - swear to god a crash will happen

Yeah, a bubble burst, a crash, a recession will happen eventually.
But predicting one every time a dog in China takes a piss is pretty annoying.



Wealthy nation? Venezuela in it's best years was on par with Croatia in GDP per capita and it never matteredin the global economy.

That's a strong indication that recession is further off than people think. Everyone is expecting it. When the crash finally hits, very few will be prepared for it. We're up for at least one more round of exuberance and ATHs in the stock markets first, during which all this recession talk will die down.

Gold looks like it's up for a multi-month sideways/down correction but it's looking healthy for more upside after that.

It's all a big ponzi game of musical chairs, I guess now you're seeing it, most of us took a while to realise this.

Which is good for us I guess, but does little to affect the outcome of things unless we stop contributing to the system -- but realistically, how many of us are able to do that?

Short of simply going off grid and making sure you never take out another loan, or use a government service (which needs to be run by money, and added to budgets and therefore racking up national debt), or even subscribing to anything linked to the current system, we're all beholden to the old world of banking and finance.

But it's not too late for the next generations, if we act now. Difficult to think that far ahead, but for those of us who can, we should. Start simple. Use Bitcoin.

Global economic crises occur periodically and they cleanse the global economy. This is a natural process and you should not be afraid of it. Moreover, cryptocurrency users are even very interested in how such a crisis will appear on the cryptocurrency price. It is expected that as the crisis approaches, the price of cryptocurrency will rise significantly, as people will look for ways to avoid the effects of rising inflation.

Everyone should be worried about a catastrophic recession. That will have a negative effect to most of the countries. A global economic meltdown is not fun at all. It would be fun if the effects are only felt by the financial districts and wall street, and the rich stock exchanges, and all those who are wearing coat and tie. But you know what, this stupid recession, which is basically another invention of the rich and elite, are affecting mostly the poor people. When it comes, it takes away a portion of the portfolio of the elites, but it takes away the food of the poor. 

Recession is a part of the economic cycle. It's not like the zombie apocalypse. In the past, a recession is like winter. Hence, people who saved enough food, woods, etc. would survive. Not that you need to hoard goods like crazy.

Also, in a recession, not all people would be negatively affected. Some may not feel it at all, while some can be positively affected. Therefore, save enough money (fiat, gold, BTC, whatever) and look for opportunities.

Since this will be the first recession since Bitcoin founded, we still don't know for sure how it will affect the price.

The global financial system is a scam, it was just a matter of time before something like this could happen, and it's going to happen.

The system is programmed to work based on debt to generate more "money" but there is a problem there is more debt than circulating money so so we need to take on more debt to pay the current deficit.

It is an infinite cycle, thank God Satoshi Nakamoto created Bitcoin after the financial bubble of 2008, now we are prepared.

Is seems the recession is getting strong and stronger as the curve seems to lean towards down even more from month to month. If this will be case for 2020 , I think Bitcoin will still be fine and save us from getting depressed by this recession.

https://i.imgur.com/naXv50y.jpg

Lets remember that from time to time a recession coming into play is something normal and we should not panic that badly and instead I personally I gather cryptocurrencies and Bitcoin as much as I can with every amount of money I have to spend.

I agree with your premise that there is a rapidly increasing chance of a recession coming. I disagree with your reasoning that it is due to global debt however.

On a global scale, debt between countries is more of a geopolitical tool than anything else. Lending money to other countries gives you influence over them, in some cases incredible amount of influence, see for instance China lending money to African states at incredible rates. This allows them to build up their infrastructure, but leaves two problems: firstly, a lot of that infrastructure is either owned by China or entitled to them in the event of a default on loans, and secondly, those states are now under influence from China - not because the loans might get called in, but in case the money tap gets turned off! That's an example of how debt is a geopolitical tool - but it doesn't really benefit any country to call in their debts right now, and most loans are little more than the equivalent of global monopoly money.

Personally I see a recession coming on within the next couple years due to a combination of trade wars, increased uncertainty due to populist politics as well as economic and geopolitical instability due to events such as Brexit, and increased unrest in parts of the world such as Hong Kong. I think it's pretty inevitable that these will boil over and cause a recession in the end, though I don't think it will be as bad as the 2008 financial crisis.

It is possible that the huge recession is coming and the best thing that we could do is to be prepared. Save some of your money so you will be ready when the market crashes because that is when you are going to use your savings to buy all the good assets while they are on sale and you will hold them until the market recovers and it will be a life changer, financially. So you better stack up some money.

Then that will be a great chance for bitcoin to prove the power to people so they can moves from fiat to cryptocurrency. And once that happens, we will see massive bitcoin growth in many places, especially if people want a change in their country. At that time, I think the government cannot do anything because they will face people's power, which will be stronger than their ability. I hope bitcoin will become stronger than now because of its strength and support from people. We are inside cryptocurrency wait for that time while we prepare ourselves too for the coming, so we will be ready to see what will happen next.

You know from my observation of our history it has become very clear that governments and the powers behind them has orchestrated political instability and warmongering to trigger wars, when there are signs of a economic collapse. The US / China trade wars and the political aggression from countries like Russia area good indication that these people want a new war to balance things out.  >:(

How do you destroy your debt with a country? You wage a war with them and you win that war. The spoils of war and the funding of the war will stimulate the "repair" process to "reboot" the economy.

We are not facing a recession my friend, we are moving towards a full scale war to trigger a "smoke screen" for a total global economic collapse.  >:( >:(

I think many of us expected another big crash since 2008. Conditions leading to the 2008 crash were never truly addressed or fixed to prevent it from happening again. The growth of inflation has often outpaced the growth of wages over the last decade. Governments have consistently raised taxes and spending, in efforts to tax, spend and print their way out of deficit and debt. The analogy of a snake eating its own tail holds true here in terms of these policies and metrics being entirely self destructive and unsustainable over the long term. All of these variables contribute towards making recession inevitable eventually.

In terms of recession being a smokescreen. If NWO is real. The New World Order may be achieved by crashing the current system, leaving us with no other options. These circumstances could be reflected in the more aggressive push we've witnessed towards the left in the united states and nations seeking independence around the world. There could be a timetable where the world's economies must crash within a similar timeframe to push global totalitarianism.

Recession, boom are all part of the economic indices that will surely happen. The problem is the unfortunate leaders that the world will have at the time when it will happen because they are the ones that will determine whether the effect will be minimal or catastrophic. In the last recession that happen across the world, I saw the life savings of millions of people wiped out especially those that invested in the money market and also the making of thin god millionaires via government bail out from that exercise. The crash will happen and there is nothing anyone can do about it and talking about it is creating awareness and being ready for it eventually when it does.

I think the main part contributing to that is how widely discussed this subject has been, where we have reached a point where a lot of wannabe investors have prepared themselves for a crisis to unfold once again.

The general rule however is that when there is such a mass scale preparing going on for a crisis, you can be close to certain that it won't be happening any time soon, especially not with how much money is being printed.

Money printing can keep the economy up and running for another 5-10 years.... the thing however is that it only makes the crisis that will eventually happen even more of a danger, and it will hit everyone when it isn't expected.

seems to me that this coming recession will be much stronger that the one we've faced in 2008
that time QE helped to let the fire down, but I fear this time it won't help((
too many debts over the world and I don't think this is going to over well.
I just hope it won't be that hard as a great recession in us  in 20th century..

Global recession is a cyclical process, but the thing is that no one can tell for sure when a cycle begins and when it ends. Also the so called "signs of recession" are, in many cases, just a product of economists' and journalists' imagination.

@stompix put it down really good, so I'm quoting him in case someone missed it:


I had a good chuckle reading this. :)

---

Maybe investing in Bitcoin and gold is not a bad idea, but I'd rather suggest to invest in your knowledge. Because no amount of gold or Bitcoin will save you if you are stupid.

We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.

There are two very different things being conflated here. There's the long term unsustainability of Keynesian economic strategies (the proverbial "crash to end all crashes"), and then there's the natural business cycle. (https://en.wikipedia.org/wiki/Business_cycle#Occurrence) Periodic recessions were observed long before Keynes was ever born.

https://i.imgur.com/gx1bfAg.png

Keynesian expansion may exacerbate the booms and busts, but I think it's fair to say that recessions are always inevitable.

Many events like Brexit, US China trade war etc have created a tension in global economy. Recession is anyway on its way. The leading indicator like yield curve inversion has already happened. The consumer confidence index is going down too. A recession will take place in 2020-2021.
Bitcoin has never stood the test of recession. The market cap is still very low to make any difference. But still I think many people will consider is as a safe heaven in case of recession.

As an option. When asking a similar question to here you will not get the correct answer, you yourself must decide which asset will be more stable in the future than cryptocurrency and the stock market.
Maybe it's gold, or maybe real estate, do your own analysis based on available data.
I believe that the recession will be quite deep.

This. The next crisis will be down to something people haven't thought of and haven't prepared for (which is why it will be a crisis)

And most of the time, the speculation of those sources will not happen in reality. But in any case, we need to prepare for the imminent situations. And it is your own self that can only assess on what you are gonna do with your investments. It is not really advisable to follow what has been the hype because you might fall deep. Evaluate on your own and act from there.

Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right?

In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens.

Yeah, gold it's a pretty good idea, but analytics supposes that it will be one of the biggest recession in our time. In first you must consider if your work or skills will be relevant when economics will go down. Also, you must have a good amount of money for a case of bad situations. In addition to gold I would buy cryptocurrencies as well.

Well, it's a good analysis though but still, there is no symptom regarding this situation, I think those reasons mentioned here not all of these are happening naturally, it's all about the current global political reason, I think it's all about the political crisis, some countries are moving prepared for another political crash or maybe another war, it's all about political unrest, so I don't believe that another recession will happen very soon, if it will happen then a lot of damage will also appear for sure because we are getting dependent each other and this chain is getting bigger day by day, so lets pray to remove those reasons and be aware of any  situation.

It is probable that the current system of life is not sustainable, and that therefore we start towards some kind of "stop" and "reset": the system is definitely sick and cannot stand for long.
However, the history of the debt of nations continues to leave me perplexed: if all the nations of the world are indebted - and indeed ALL are - can you know who the hell is the creditor?

Many people consider gold a safe haven, never bothering to look at the charts.


But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level.

I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either.

Gold is definitely not something to invest because we have to wait ages to get some sort of profits but it does not worth the waiting period but gold can be used as a secured way of storing money by converting it into gold as gold is at least upto the market value of fiat if not profitable.

If one 1 gram of gold costed $5 before 15 year it now costs around $50 now and the expenses has inflated as well so I would say gold can be used as savings to match up to market inflation rather than storing the money as fiat but it's not a successful source for investment.

The US yield curve is no longer inverted - which means that the prospects of a recession in the US at least are receding. And the Fed will be careful to try to prevent a recession in election year (2020).

Of course it is possible to have a recession in other parts of the world without it affecting the Americans. I think all American recessions have been caused by internal problems rather than external ones.

The yield curve inversion is considered to be a leading indicator to recession. It happens for a short period. It need not to stay inverted till the recession. Yield curve inversion shows that there is a fear among the investors. People are not ready to take out money right now which also leads to the paradox of thrift. yield curve inversion happened many a times this year which isn't a good sign. Also, the political instability in many countries isn't helping the cause.

I'm not economically-savvy but people have been warning about this since last year. They all talk about the inverted yield curve and that historically it presaged a recession. I don't say we should be panicking but it never really hurt to prepare - which is something we should be doing regardless of bad news anyway.


A recession would be also a nice time to snag stuff for cheap too.

There is another important fact. USD had nice inflation from 1980.  That gave you huge loss holding gold for 25 long years. Those price spikes simply has to happen.

Not sick but deliberately made sick. The colonial-era did indeed leave a gap between rich and poor. developed countries under the guise of democracy use capitalism to continue to colonize their former colonies. There is a power in this world that really expects a handful of groups to become rich, in order to continue to oppress the poor, the strategy used is to use paper money and the tool used is a bank.

The destruction of the global economy is a sure thing because the use of currencies that do not match their intrinsic value, will cause economic chaos. Paper currencies that have no intrinsic value so that the exchange rate is subject to manipulation. It is as if we have something of value that is pleasant, even though only sheets of paper have no value, in contrast to gold which is indeed universal money.

Why gold can keep us from the problem of inflation, because with something that is universal then does not cause economic bubbles. If based on gold, surely an economic balance will be created.

Yes, there has been too much recent warnings about a major recession. Such as negative interest rates and some banks are constantly raising capital, which shows that the financial resources of some large units are in deficit and it is the main cause of the recession or economic crisis. .
We should be more careful and we should buy a lot of gold from now on and don't try to hold on to any asset class that is highly volatile.

It feels like you didn't read my post, and didn't take a look at the graph there. The point is that gold is not a secure way of storing money. Look at the graph. Many of those who invested in gold in 1980 and in 2011 lost significant amount of their money. I bet most of those who invested in 1980 cashed out earlier (with a loss) without waiting 27 years. And how many years those who bought gold in August 2011 should wait until they can just get their money back is a big question.