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Title: The 2e credit crisis Post by: Paashaas on February 09, 2015, 03:00:07 PM This schit is going to pop sooner ore later, all those debt is not healthy.
We all knew it's going to happen and it will hit uss much harder that the 1st credit crisis. ' Are you prepared? http://www.telegraph.co.uk/finance/economics/11398175/The-global-financial-system-stands-on-the-brink-of-second-credit-crisis.html https://i.imgur.com/Rocv3PB.jpg Title: Re: The 2e credit crisis Post by: tutkarz on February 09, 2015, 03:31:19 PM The problem is that it may end up with another world war (and probably last one) to reset all national debts and start all over again (with stick and rock). I hope I'm wrong.
Title: Re: The 2e credit crisis Post by: Joe200 on February 09, 2015, 03:40:57 PM Can anyone comment on what this means for the price of coins? How will things affect each other?
Title: Re: The 2e credit crisis Post by: spazzdla on February 09, 2015, 03:51:37 PM Same doomsday stuff has been said for some time, while I am prepared I doubt anything will happen.
Title: Re: The 2e credit crisis Post by: Miz4r on February 09, 2015, 04:10:39 PM Can anyone comment on what this means for the price of coins? How will things affect each other? The writer of the above article thinks that Bitcoin exploded in value in 2013 because of QE. And now that QE has stopped the Bitcoin bubble has burst. ::) I should keep a list of the kind of things people directly attribute the rise and 'fall' of Bitcoin in 2013 and 2014 to. We have Willy, QE, China, MtGox, Silk Road, media hype cycle... any more you can think of perhaps? :P Anyway, I agree there will be another financial crisis that will start probably this year (we're still in the middle of a crisis actually, just in the eye of the storm where it seems quiet), and will get worse and worse until confidence in the paper fiat system and central banks will start to show serious cracks and the people of the world will be looking to alternative forms of money, money with a finite supply and not based on debt and inflation. Alternatives like Bitcoin for example. Gold and Silver will probably also flourish just like they did after 2008, unless the crisis gets so bad people only want food, water, shelter, guns and ammunition. But that's armageddon stuff and not very likely to happen imo. Nobody knows what will happen exactly, but one thing for sure is that things are going to change a lot the coming years. Title: Re: The 2e credit crisis Post by: ParabellumLite on February 09, 2015, 04:13:28 PM The 2e: nice Dutchism. You really tried your best on this one.
Title: Re: The 2e credit crisis Post by: the_sunship on February 09, 2015, 04:59:57 PM It's coming for sure, just keep watching Greece and the Ukraine.
Title: Re: The 2e credit crisis Post by: B.A.S. on February 10, 2015, 01:45:54 AM I give it another decade. We have been heading into a financial trough since the mid 2000s. Regulatory frameworks haven't kept up with financial innovations for over 10 years. Couple this with a few bubbles, a poorly managed QE program and turnover in authority with our "friends in the UAE" (U.S.), the next 5-10 years will be a digging out process.
Nothing is going to catastrophically collapse. There will most likely be massive financial restructuring and a return to mass production on the U.S. home front. This means good things for BTC in the future if it hangs around. There will be great potential for BTC/digital-stores-of-wealth market as the masses seek to save more and spend less. |
