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Title: Huff Post: Second Financial Crisis Looming Post by: DooMAD on July 15, 2014, 11:44:54 AM So I recognise that I'm preaching to the converted here, but second opinions are always welcome. Based on this recent article, World Risks Second Crash Due To Soaring Debt, Warns Top Watchdog (http://www.huffingtonpost.co.uk/2014/07/14/global-economy-financial-crash-2007-bis_n_5583658.html), how likely does everyone think it is?
Quote The global economy could be even more vulnerable to a financial crisis than it was back in 2007 due to the high levels of debt and markets' over-reliance on monetary stimulus, an international financial watchdog has warned. Clearly nothing has changed since the last crisis, aside from the rampant opportunism by banks and governments to capitalise on the situation and make more profits at the expense of everyone else. Bankers aren't going to jail, regulations aren't really being tightened up to the point where it stops manipulation and fraud. They've printed more money out of thin air and kicked the can down the road. Extend and pretend. But nothing has actually changed. Are we destined for another massive crash? Title: Re: Huff Post: Second Financial Crisis Looming Post by: jcoin200 on July 15, 2014, 12:30:37 PM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out.
Title: Re: Huff Post: Second Financial Crisis Looming Post by: vuduchyld on July 15, 2014, 02:19:36 PM I'd say that is just typical HuffPo clickbaiting. But I'm prepared to be wrong.
Title: Re: Huff Post: Second Financial Crisis Looming Post by: BitchicksHusband on July 15, 2014, 02:28:42 PM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. Title: Re: Huff Post: Second Financial Crisis Looming Post by: IIOII on July 15, 2014, 04:13:19 PM The next collapse will come without doubt, because none of the economic problems was solved, instead they were amplified by intervention policy. However nobody knows when this collapse will occur. It is possible that the current state of madness will continue for another year or two.
Moreover Huffpost is not a source I would consult for financial information. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Leina on July 15, 2014, 06:39:05 PM The next collapse will come without doubt, because none of the economic problems was solved, instead they were amplified by intervention policy. However nobody knows when this collapse will occur. It is possible that the current state of madness will continue for another year or two. Moreover Huffpost is not a source I would consult for financial information. They can keep delaying it until the creditor nations stop buying bond. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Ron~Popeil on July 15, 2014, 10:40:04 PM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. Title: Re: Huff Post: Second Financial Crisis Looming Post by: hollowframe on July 15, 2014, 10:50:28 PM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Bit_Happy on July 15, 2014, 11:42:43 PM The last global economic crisis was dramatic but a worst case scenario was avoided.
I fear this time could be even much worse, but I am hoping for a miracle. Title: Re: Huff Post: Second Financial Crisis Looming Post by: wenben on July 16, 2014, 12:23:44 AM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. Bitcoin do not belong to the dollar and bond category. In time of deflationary crisis, even gold will take a hit. Title: Re: Huff Post: Second Financial Crisis Looming Post by: hollowframe on July 16, 2014, 11:39:59 PM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. Bitcoin do not belong to the dollar and bond category. In time of deflationary crisis, even gold will take a hit. Title: The Implosion Is Near: Signs Of The Bubble’s Last Days Post by: Bit_Happy on July 17, 2014, 07:10:36 AM Related article:
The Implosion Is Near: Signs Of The Bubble’s Last Days "...At the end of the day, the Fed and its fellow traveling central banks have systematically dismantled the natural stability mechanisms of financial markets. Accordingly, financial markets have now become dangerous casinos in which speculative bubbles are guaranteed to build to dangerous extremes as the central bank driven financial inflation gathers force. That’s where we are now. Again." http://davidstockmanscontracorner.com/the-implosion-is-near-signs-of-the-bubbles-last-days I'm concerned that this time the dire warnings might be correct. :o Title: Re: Huff Post: Second Financial Crisis Looming Post by: Ibian on July 17, 2014, 07:41:43 AM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. Bitcoin do not belong to the dollar and bond category. In time of deflationary crisis, even gold will take a hit. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Dalmar on July 17, 2014, 08:20:05 AM This doom and gloom crap has been said since 2009. There's nothing to be worried about so long the S&P 500 is above its long term moving averages. Buy the dip and enjoy the fed ponzi scheme while you still can.
Title: Re: Huff Post: Second Financial Crisis Looming Post by: titulng on July 17, 2014, 09:38:34 AM No, I believe the U.S. government would be a "New Deal" to rescue the market, and save the world ;D
Title: Re: Huff Post: Second Financial Crisis Looming Post by: counter on July 17, 2014, 07:13:24 PM Clearly nothing has changed since the last crisis, aside from the rampant opportunism by banks and governments to capitalise on the situation and make more profits at the expense of everyone else. Bankers aren't going to jail, regulations aren't really being tightened up to the point where it stops manipulation and fraud. They've printed more money out of thin air and kicked the can down the road. Extend and pretend. But nothing has actually changed. Are we destined for another massive crash? Clearly the case and very well put i should add. They basically put a ton of dirty bandaids on the gunshot wounds they gave us. I think things are going to get real bad I just wonder how we will deal with the issues when the arise? Title: Re: Huff Post: Second Financial Crisis Looming Post by: Cicero2.0 on July 17, 2014, 07:32:51 PM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. I agree, the issue I am having is which baskets to trust. Right now I am doing 50% bitcoin and 50% precious metals. I don't trust stocks or any other traditional assets. Other than a retirement account I have very little invested in dollar related vehicles. Title: Re: Huff Post: Second Financial Crisis Looming Post by: DooMAD on July 17, 2014, 08:05:51 PM Moreover Huffpost is not a source I would consult for financial information. Perhaps, although they're still a step up from certain tabloid gutter rags like the Daily Mail and the Express. The fact that Huffpost are publishing this when others aren't means they must be doing something right. It's not like you're going to see many articles in the Wall St Journal where they admit people in the finance sector should be behind bars because they've been engaging in unethical behaviour and pillaging your future. Clearly nothing has changed since the last crisis, aside from the rampant opportunism by banks and governments to capitalise on the situation and make more profits at the expense of everyone else. Bankers aren't going to jail, regulations aren't really being tightened up to the point where it stops manipulation and fraud. They've printed more money out of thin air and kicked the can down the road. Extend and pretend. But nothing has actually changed. Are we destined for another massive crash? Clearly the case and very well put i should add. They basically put a ton of dirty bandaids on the gunshot wounds they gave us. I think things are going to get real bad I just wonder how we will deal with the issues when the arise? When crunch-time comes, the government's way of dealing with it will no doubt be draconian and decidedly unpleasant for the average person. Our way of dealing with it is better, as I'd like to think we're dealing with it here, right now. The fact that most of us see merit in crypto is because we see the flaws in the present system. If we look after it and help it grow, when the ship starts sinking, crypto will be an awfully nice looking lifeboat for the masses to dive on board. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Ibian on July 17, 2014, 10:12:29 PM Moreover Huffpost is not a source I would consult for financial information. Perhaps, although they're still a step up from certain tabloid gutter rags like the Daily Mail and the Express. The fact that Huffpost are publishing this when others aren't means they must be doing something right. It's not like you're going to see many articles in the Wall St Journal where they admit people in the finance sector should be behind bars because they've been engaging in unethical behaviour and pillaging your future. Clearly nothing has changed since the last crisis, aside from the rampant opportunism by banks and governments to capitalise on the situation and make more profits at the expense of everyone else. Bankers aren't going to jail, regulations aren't really being tightened up to the point where it stops manipulation and fraud. They've printed more money out of thin air and kicked the can down the road. Extend and pretend. But nothing has actually changed. Are we destined for another massive crash? Clearly the case and very well put i should add. They basically put a ton of dirty bandaids on the gunshot wounds they gave us. I think things are going to get real bad I just wonder how we will deal with the issues when the arise? When crunch-time comes, the government's way of dealing with it will no doubt be draconian and decidedly unpleasant for the average person. Our way of dealing with it is better, as I'd like to think we're dealing with it here, right now. The fact that most of us see merit in crypto is because we see the flaws in the present system. If we look after it and help it grow, when the ship starts sinking, crypto will be an awfully nice looking lifeboat for the masses to dive on board. Title: Re: Huff Post: Second Financial Crisis Looming Post by: nutildah on July 17, 2014, 10:15:40 PM This doom and gloom crap has been said since 2009. There's nothing to be worried about so long the S&P 500 is above its long term moving averages. Buy the dip and enjoy the fed ponzi scheme while you still can. Do you realize what happens at the end of a Ponzi Scheme, every single time? Title: Re: Huff Post: Second Financial Crisis Looming Post by: hollowframe on July 17, 2014, 11:51:53 PM Yes, unfortunately I don't think there is any way around it. Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion. One country then another. And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out. Well, then it's a good thing I don't keep almost anything in there. My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. I agree, the issue I am having is which baskets to trust. Right now I am doing 50% bitcoin and 50% precious metals. I don't trust stocks or any other traditional assets. Other than a retirement account I have very little invested in dollar related vehicles. Title: Re: Huff Post: Second Financial Crisis Looming Post by: OROBTC on July 18, 2014, 02:57:14 AM ...
It is essentially impossible to predict when the next financial crisis will occur, but there seems to be little doubt that IT WILL HAPPEN. The Banksters are a big problem, perhaps the single biggest, but there are many ways things can go wrong... David Stockman is right: NONE of the imbalances or our financial problems have been solved. NO ONE (of significance) has gone to jail. (Corzine, where IS he...?) *** In addition to the timing of the collapse (or maybe more than one, always stay alert), there is the additional issue of WHAT kinds of things could happen. No one really knows this either. The dollar could crash. The government could seize part or all of our bank account savings. A big war, or an EMP. No one knows. I have long been a great believer in diversification. I have diversified into BTC since I learned enough about it to give me some confidence (although less than 1% of my net assets are in BTC). Gold, stocks & bonds, real estate, CA$H/FIAT$ in the "Bank of Sealy", overseas assets, survival products (guns & ammo, food & water, medicines, etc.) all might have a place depending on each person's comfort zone. Physical, mental and spiritual fitness are likely critical too. Preparation can be a big job. Best to get started ASAP. Title: Re: Huff Post: Second Financial Crisis Looming Post by: hodap on July 18, 2014, 07:46:23 AM ... It is essentially impossible to predict when the next financial crisis will occur, but there seems to be little doubt that IT WILL HAPPEN. The Banksters are a big problem, perhaps the single biggest, but there are many ways things can go wrong... David Stockman is right: NONE of the imbalances or our financial problems have been solved. NO ONE (of significance) has gone to jail. (Corzine, where IS he...?) *** In addition to the timing of the collapse (or maybe more than one, always stay alert), there is the additional issue of WHAT kinds of things could happen. No one really knows this either. The dollar could crash. The government could seize part or all of our bank account savings. A big war, or an EMP. No one knows. I have long been a great believer in diversification. I have diversified into BTC since I learned enough about it to give me some confidence (although less than 1% of my net assets are in BTC). Gold, stocks & bonds, real estate, CA$H/FIAT$ in the "Bank of Sealy", overseas assets, survival products (guns & ammo, food & water, medicines, etc.) all might have a place depending on each person's comfort zone. Physical, mental and spiritual fitness are likely critical too. Preparation can be a big job. Best to get started ASAP. Don't forget many high level bank officers commit suicide this year. If everything is still rosy, none of this will happen. Title: Re: Huff Post: Second Financial Crisis Looming Post by: wobber on July 18, 2014, 08:36:23 AM Seems that DJIA had on 17/7 the biggest crash in single day this month. I think it will enter into a multi-day bearish mode, target of 15,500/
Title: Re: Huff Post: Second Financial Crisis Looming Post by: Dalmar on July 18, 2014, 09:49:51 AM This doom and gloom crap has been said since 2009. There's nothing to be worried about so long the S&P 500 is above its long term moving averages. Buy the dip and enjoy the fed ponzi scheme while you still can. Do you realize what happens at the end of a Ponzi Scheme, every single time? There will be epic shorting opportunities like Lehman. I would welcome that kind of volatility. But it's highly unlikely that kind of 2008 craziness will happen this year. Title: Re: Huff Post: Second Financial Crisis Looming Post by: aminorex on July 18, 2014, 09:01:09 PM Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation. The expected return on US equities over the next 10 years is negative.Title: Re: Huff Post: Second Financial Crisis Looming Post by: wenben on July 19, 2014, 12:33:50 AM Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation. The expected return on US equities over the next 10 years is negative.Investors who bought high risk tech companies with little to no earning comparing to the market cap still doing very well. Title: Re: Huff Post: Second Financial Crisis Looming Post by: money420weed on July 19, 2014, 06:24:32 AM Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation. The expected return on US equities over the next 10 years is negative.Investors who bought high risk tech companies with little to no earning comparing to the market cap still doing very well. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Marbit on July 19, 2014, 07:25:17 AM Indeed, all signs seem to be pointing that way. But honestly, never underestimate this machine's ability to keep churning along, unsustainably, longer than you think. Then BOOM. :-\
Title: Re: Huff Post: Second Financial Crisis Looming Post by: GangkisKhan on July 19, 2014, 12:19:45 PM Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation. The expected return on US equities over the next 10 years is negative.Investors who bought high risk tech companies with little to no earning comparing to the market cap still doing very well. Some did well cashing out before peaking. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Dalmar on July 19, 2014, 03:45:27 PM Some did well cashing out before peaking. Look at the volumes, most were panic dumping at the lows of the tech sell off. Title: Re: Huff Post: Second Financial Crisis Looming Post by: hdbuck on July 19, 2014, 05:34:29 PM Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... ;D
http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/ Title: Re: Huff Post: Second Financial Crisis Looming Post by: wenben on July 21, 2014, 03:03:53 AM Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... ;D http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/ What is Soro buying these day? Title: Re: Huff Post: Second Financial Crisis Looming Post by: Searing on July 21, 2014, 04:43:16 AM Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... ;D http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/ What is Soro buying these day? wish someone would tell soros about bitcoin we could use the 'bump' in price Searing Title: Re: Huff Post: Second Financial Crisis Looming Post by: Cicero2.0 on July 21, 2014, 05:18:10 AM Some did well cashing out before peaking. Look at the volumes, most were panic dumping at the lows of the tech sell off. That used to happen to bitcoin when China sneezed. Panic sellers are among the dumbest people in any market. Title: Re: Huff Post: Second Financial Crisis Looming Post by: Leina on July 21, 2014, 03:51:38 PM Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... ;D http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/ What is Soro buying these day? wish someone would tell soros about bitcoin we could use the 'bump' in price Searing Warren Buffet has publicly stated he will be surprise to see bitcoin around in 10 years. Soro probably share similar view as both of them are part of the old money crowd. Title: Re: Huff Post: Second Financial Crisis Looming Post by: giveBTCpls on July 21, 2014, 06:06:26 PM I wonder what the implications of another world crash would be for Bitcoin. Will this put Bitcoin in the big mainstream light for once? Will the price sky rocket as people in fear put their savings there before their local banks froze their accounts? Will the price crash in fear the price will go down as fiat goes down as well?
Title: Re: Huff Post: Second Financial Crisis Looming Post by: bl4kjaguar on July 21, 2014, 06:19:30 PM They can keep delaying it until the creditor nations stop buying bond. You mean creditor nations like... Belgium? Fed Laundering Treasury Purchases to Disguise What’s Happening (http://usawatchdog.com/fed-laundering-treasury-purchases-in-belgium-to-disguise-whats-happening-paul-craig-roberts/) |