Bitcoin Forum

how legitimate are channels like this: https://www.youtube.com/watch?v=Ext9G4wr9EU in the information they presents correct? Or are they just people who are trying to manipulate others into buying gold.

System spread fear across the globe every year. Big players take advantage and they are richer every year. Don't believe them at all anymore. They are all liars and it will collapse one day for sure, not collapse something better will come and replace this stupid economy, but not this year.
One day people will stop to be slaves to material things, and no one will be able to blackmail us. We are all in debt to banks, and our money is there and they using that.
So don't believe them, just do what you always do.

Well i didnt saw the video and i dont need ,because the most countries facing financial problems someone is willing to take advantage of it making the people to buy gold or others raws means they hold a big ammount and wanna to pump their value.Do you believed the world would end in 2010 or any other year?

No one will know when the market is going to collapse... if anyone knows it, the market would have already collapse.

It shouldn't be this year -as everyone will be busy and focus on the US Presidential election this year!

do you believe in that news? probably because most of us were too stupid and believed that "there is no alternative" so we didn't allow ourselves to think of anything else.

too premature it won't collapse this year and it will not collapse in the upcoming year, i think  bank are already building their backup, because they know their are going to have trouble soon

otherwise why you think they are interested in the blockchain? but i can not see that all the fiat system will collapse together, seems too unrealistic

No I think not. If this was the case we would have heard this on the news already. I believe it goes better with most countries and the economy. There are of course some countries that life in a financial crisis.

i think Venuzula is already down am i correct?

Some countries will have its financial crisis but it wont affect the whole world,the majority of the worlds economy is still good and there is no need to worry.

The economy is a collection of segmented markets. Some 'segments' within this collection may collapse, but will always build themselves back up again. The economy is a self cleansing and self healing mechanism.

Barring certain currencies, there has never been an instance in human history of a financial market that has crashed and then disappeared entirely. The tech market plunged in the early 2000's but rebounded... Between 1930 and 1970 (http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart), gold lost a TREMENDOUS amount of value... but that market has also recovered.

The "world economy" is never going to "collapse" simply because there isn't a world economy... Just a collection of segmented markets that are designed to go through cycles

Who knows? For me, it is possible and there's a chance. One of the possible reasons will be "World War 3", some of the countries in middle east have a conflict with ISIS or any terror groups, Russia and turkey can go to war anytime, and also in the east, China and north korea are aggressive, this could spark a war and it can affect of course the economy which can collapse anytime.

dont you think that some countries like the US for example are in big trouble compared to countries like the Uk and China?

The Gold shills on Youtube will increase, when the world economy is turning to negative interest rates to solve their problems. We are seeing all the signs for a major correction

on the stock markets and the governments are trying their best to prevent another financial crisis, like we had when they had to jump in and give massive bailouts. We all knew

this was only a temporary solution and things will be worse the next time this happens. Will this happen this year? Possibly ... but we still have time to protect our wealth to a

degree, with alternatives like gold and silver and Bitcoin.  ;)  

I mean we thought the world was going to collapse back in 2008, after the whole financial meltdown. Things back then were slow, layoffs happen, etc. We still feel that pain today, yet we thought the same 9 years ago.

Yet we are still here, now will there be another financial melt down I think yes. But not collapsed as in staying collapsed it`ll always be temporary.

Global debt has grown by $57 trillion to reach $199 trillion in the seven years following the financial crisis - a 40.1% rise, according to a report from last year. All major economies are now recording higher levels of borrowing relative to gross domestic product (GDP) than they did in 2007. And these figures are from last year so add a few Trillion.

Total debt as a share of GDP stood at 286% in the second quarter of 2014 compared with 269% in the fourth quarter of 2007.

The next crash won´t be so easy to fix. Interest rates are already at zero or even negative. They´re just kicking the can down the road. When the road will end and that can goes off a cliff is anybody´s guess. It seems likely in the near future.

We can have very huge,deep crisis.That modern pseudo economy world is asking for that.In any moment we can have news about for exemple Deutche Bank fail becouse of derrivatives that moment big panic begin

do you think the price of bitcoin will go up massively when this collapse happens?

Probably not, as many people still think money is the most important thing aside from human life

Its not just venuzula, its also other countries that are smaller that dont bring bigger business to their country.

If the lawmakers for that country is corrupt, which normally is - see the greece event as a scenario as a lesson.

What i do with these predictions sometimes is record it in a online diary and check if it happens by the time they said it would.  then you know if they are bull or not..... ;)

true, going out of this habbit will be a challenge for a lot of people. People dont like change and thats one of the things that i see keeping this bullish economy going more than anything else.

China is in way more serious trouble than the US. It's estimated up 25% of housing is uninhabited, there are ghost cities that were built and nobody moved there. China is spending to try and pump the economy up, but they're spending without economic need, which is a recipe for disaster. Things are already starting to crumble, so they've starting massively interfering in the stock market by pumping stocks and arresting short sellers. These are the actions of a desperate country on the verge of major economic collapse.

I think Bitcoin drops like a rock if there's an economic collapse. People will flee risky assets, and Bitcoin is among the riskiest. Nobody will look at a crumbling world economy and plunging asset values and think taking on more risk is a good idea.

Think they´re heading for the fate of Japan in 1989 when the stock and real estate markets crashed? Their stock market is still down 60% from that top. It has been lurching from one recession to the next and government debt is gigantic.

but theres essentailly a finite quantity of bitcoin available won't this help the bitcoin situation? I dunno if its really a risky asset in that if it would have melted down it would have done so a long time ago.

The truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse. Unfortunately, they have had seven years to try to fix things since the last global recession, and they didn’t get the job done. it is really hard to predict things about the recovery especially at this moment

No, the current price now is made up of speculators who are day trading to try and make profit from small movements, or long term speculators treating it like an asset. Neither one adds value to Bitcoin, which derives value from utility as a currency. When disaster strikes, both short and long term speculators will leave because it's too risky to be holding Bitcoin which still has very low utility outside of speculation, and all that will be left are people who use it as an actual currency, which is a very small number of overall current users. The cascade of people fleeing will make it harder to attract buyers too, and the fact that this is so predictable will create intense pressure to be the first out so you're not one of the ones left holding he bag. Bitcoin crumbles harder and faster than other assets in a real crisis.

I couldn't say. Japan had a lot of advantages China doesn't, such as a very conservative base of national savers (vs. China, which is recklessly encouraging investors to buy into the market despite insane multiples and no transparency). In that respect, it seems likely China won't be nearly as resilient in the face of catastrophe, and take "resilient" with a grain of salt, because Japan was anything but resilient after their meltdown. They don't call it the lost decade for nothing. As resilient as Japan wasn't, China seems destined to be far less so.

I´ve heard about those ghost cities but didn´t realize that it could be this massive..25% of housing empty? That is truly staggering. How about the financing? Is that through some ghost banks? I can´t imagine that it´ll end well. The regime will do anything to stay in power, especially in the interests of the self-preservation of the party bosses.  It´s going to be very interesting next couple of years.

There are a lot of people that use platforms like youtube or twitter to exploit and manipulate the uneducated. Not putting people down, just pointing to economic background.
You should always fact check for yourself or you can easily be mislead by some crafty misdirection.

Exactly, being enslaved to material paper or gold is not good.

But bitcoin and other digital thing will set us free, after it hits 10,000$/piece, i bet most bitcoin skeptics will turn around :)

I'm not overly familiar with how banking in China works except it's heavily dictated by the communist party which isn't good at all. Other than that, I just know what is reported which is that China is pumping massive amounts of money into the stock market to inflate asset prices, and has all kinds of programs encouraging regular citizens to invest in the market at these inflated prices too. When that crashes, it will crash hard and wipe out a significant amount of wealth from China's middle class. I don't think it's a perfect analogy, but it would be similar to the US government enticing people to buy into the stock market in the 1920s, far beyond what was already happening naturally, and then at the same time also actively manipulating the market to send stock prices even higher. By the time that gravy train ended in 1929, it would have made the Great Depression one hell of a lot worse than it was, because in addition to all that wealth disappearing, all that artificial wealth the government tried to create would have disappeared too, and that would have made the hole to dig out of that much deeper. That's where I view China today.

dont trust fully to media these day,media is a monster that could bring people to good point and bad point in same time,and i dont see a reall strong reason from that video that causing economic collapse this year.

This will never happen, and you know from the bottom of your heart it`ll continue.

Reason why fashion industry thrives, is because their jobs is to make you feel out of fashion. So people hence feel like they need to buy the new trend or back to old fashions they market to each generation lol.

There is no reason to ever really trust the media, most of the time it is lies or very, very specific parts of news that are reported.

Example, you probably never heard of the "Heavenly Hundred", back in 2013-2014, where roughly one hundred protestors were killed by the government forces. But you know, the Russian separatists are still the bad guys. This is, of course, subjective.

It all comes down to who wants who to hear what. You see this everywhere.

Nothing like that is going to happen.It is ridiculous and yes you put it right it was created with an intention to lure people into buying gold.I am not saying that gold is a bad investment but one should not buy it in panic or for wrong reasons

If a trillion dollar deficit doesnt break the economy nothing will at this point lol.

Its fair to say that, we wont ever see this happen unless its like 3 different generations from now.

It matters tremendously the size of the economy and the size of the debt in relation to the deficit in any one year. It's quite one thing to run a trillion dollar deficit when GDP is 5 trillion and another entirely to run one when GDP is 15 trillion. An economy of larger size can tolerate the deficit better.  Same for debt, if current debt is 5 trillion, the country can handle he deficit much better than is the debt is already 19 trillion. All three of these things must be taken into account at the same time.

Since the 2008 economic crisis, while 2016 may be time for another global economic downturn and total collapse is still avoidable.

People were expecting a double dip recession even while recovering from the 2008 disaster.
It is possible that the double dip took some time to occur.

At this point it wouldn't be a double dip. We've had enough growth for a long enough period of time for this to be classified as a new recession, were one to occur.

They constantly say the economy is in the Depression era of things. But they say this every year and the outlook always gets better once things are sorted out.

Agree with this. Same with what they do with bitcoin currency. Put a bad news about it and all profit will be for them. Big people holder will take advantage all the time to make some more and so that their money will move up again since they are using it for their shopping spree and needed to regain all the loss from that.

Greed. Just sitting there making a false news makes them rich, no need to sweat.

But this might occur by the falling year. I believe the price has got initiated when the oil crisis began but this turns to be a major collapsed when more sectors interdependent gets affected.

true, you've approached this from an interesting perspective  i think that the people on the gold side and Bitcoin side want the economy to collapse so they get rich

No that is not happening, if it was happening we would already noticed it by now. I believe that it set up in such a way that the economy really cannot collopase because if it would happen total chaos would break out.

its will not happening this year.
Its up to you to take action for that news,for me,its just another news that trying to bring down people who still love bitcoin to start leaving bitcoin and interesting to gold.

I believe they come up with this doomsday scenario because of what was witnessed with the Chinese economy earlier this year so they take in part of this since their economy is one of the strongest so any decrease in their will show a ripple effect in others.

The world economy is definitely looking worse than it did last year.
The US is still going very strong, but with everyone else doing so poorly, it could start having an impact on the USA as well, which is what many analysts are afraid of!

Also good to know that everything is in cycles. Bull markets tend to last about 7-8 years before a new recession hits. And that just about coincides with the number of years since the last one :P

As maudevang said, the world economy is going to be pretty much impossible to collapse no matter how bad it's health may be.  Certain countries will be doing badly, others will prosper to be able to balance it out.  I can't really think of a situation where every country would be having such a bad economy that trade simply stops.  Regardless of how bad things get, everybody still needs things from other countries.

Trade haven't stopped even during the worst times in human history, and until goods and money moving around there's always a future. When we start exchanging bullets for potatoes and pork ribs with our neighbours that will be sure sign of a big trouble.

I strongly hope such collapse does not happen and honestly I think that it will not happen soon since we had another collapse some few years ago.

i think world Economy will not Collapse this year and i hope this is will not happened but indeed for some countries economy movement looks pretty slow and many corporate has bankruptcies and sack many employees because they can't pay employees salaries and i saw it does happened too in my country

Everyone has the hope that economy collapse won't happen this year. After days the oil price too had grown a little in recent days which helps oil depending countries to be stable. This too gives a positive hope.

I think in this year the economy of world will not drop and the experts are doing their best to remain the economy at its best, so I don't think the economy of world will drop this year and it will improve more,

Recessions are normal. Collapses are not. I don't know if OP means "collapse" in the sense that things fall apart and destabilize the world because they can't be put back together, or if it simply means a depression like economy. Would you say the world economy "collapsed" in the 1930s? What about 2008?

Nothing a well made War wouldn't fix.

An economic crisis? Just bring democracy to a 3rd world country and steal their shit. All is good. (for ~7years at least)

The world economy isn't great rn, but it's still strengthening itself from a global economic crisis.

It has at least 40 years until its next collapse. The next few years it's expected to occur an upward trend.

War hasn't helped the economy. It just drives up the debt, and they're plenty good st that without another war.

Ugh. The videos like this only offer a sliver of truth and the rest is just random bs crap. What is true is that printed money has no backing and that it will eventually fall apart. But, that won't happen this year. The majority of people don't give it a second thought and use their money like it will never decline in value (apart from basic inflation).

Yeah that is why I do not believe that the economy will collapse this year. If the economy would collapse total chaos would brake out and I have not noticed anything so that means it is going good.

There is no way the world economy will collapse. Man will always find a solution to his problems.

No I do not think the world will be economy collapse and if it will everything will fall, the bitcoin will also be nothing more than a digital currency worth nothing..
I think this is never gonna happen maybe in the future but than we are talking about 30 years from now in my opinion.

Some countries have problems with the economy but this does not mean that the whole world is going to collapse. I do not believe that the world economy is ever going to collapse because the world leaders will sure come up with something to prevent that.

It's really out of their control. There's only so much you can do when the economy is falling apart. Trying to print your way out of it (money-wise) will just lead to hyperinflation.

I did not bother to what the youtube video you posted but there's a lot of factor to consider before we can conclude that worlds economy will collapse. One good thing about our world right now is that commonly traded commodities are not controlled by a single country because if it is, then we are in big trouble if that country decided not to trade anymore.

Yeah there would be some signs now if the world economy is about to collapse. There are some countries tho like in Europe that life in a financial crisis. But this is not going to affect the whole world.

Here in southern Europe we are in deep shit!  ;D

The world economy is not going to collapse any time soon I am sure of it. The chance of world war three is even bigger then the world economy collapsing.

No the economy will not collapse for sure, I even think the bitcoin is gonna rise and the economy will also rise this year.
I think we can see some light bulbs at the end of the tunnel with the economical crisis.

Why people always trying to kill smth, every time, every year the same, economy collapse, worlds end and other stuff. Please stop it nothing will happen for sure this year.

Yep,

$17 trillion debt and climbing.
More QE on the way.
Zero interest rates.
Negative interest rates now becoming a reality in some countries.
Venezuela just defaulted.
Greece just been refused latest bail out.
EU about to fall apart (brexit hopefully)

But everything is fine lol.

Truth is the world economy is broken and there is no fixing it without a reset of world debt.

In previous centuries the solution was war.
hope this time we can find something better

I can tell you Chinise are on discount shopping,thay are buying input companys,USA technology companys,asia countrys companys,european big one like Pirelli,all with huge discount,maybe it is reason world economy didnt crash yet.There is no doubt.USA is entering recession look like dollar is decreasing,will be not any rates increase,

Southern Europe is in quite a lot of trouble. Between Greece and Italy, debt:GDP is unsustainable.

There currently is no QE in the US, and interest rates are not zero either. And although a Venezuela default may be imminent, it hasn't happened yet.

Almost all economies are facing problems ,some are hiding the real numbers and some wars could happen,the thing is chineses are everywhere selling their cheap products and well the most countries are having their national companies closing doors,where i live i saw atleast 5 companies closing and chineses opened 3 shops on their places.They dont pay taxes since China bought debit from Portugal and now they facing several problems that started before that but for sure they damage the economy.

Definitely it will, when the third world war happens, World economy will fall.
Starting at saudi arabia there economy seems to be falling down. And their oil are next to be running out of it.

You forget to add Ukrainian + Russia crisis which had major economic repercussion because of sanctions of EU and US imposed on Russia.
Also migration crisis in EU which is splitting societies.

It is the sad reality about life. Where ever country you lives there is always a country that always have a crisis, financial crisis.
And this would trigger to collapse their economy, majority of the economy is just depending on USA's run. If USA's economy fell. Then, most of the worlds economy would collapse.

i dont think so that world economy is going to collapse this year.Up and downs are the part of economy like low oil prices give loss to many countries but it gives profit to many countries as well.economy of countries can collapse but whole world economy is not going to collapse.
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I don't think the dollar, or any of the main currencies is going to crash this year, and for the world economy to collapse, you need the dollar to collapse, or at least the euro. I wonder if the euro collapses it would be enough, or the dollar is a must.

Anyway, the dollar will go on, because people accept it, even if it's fake as hell, as long as people accept it, things will go on the way they are.

The economy is not going to collapse this year that is for sure of something would still happen this year I would be in shock. If something was a bout to happen I am sure that we would have seen a sign of that.

The world economy is not going to collapse this year if it was then we would have already see some signs of it and it would be on the news for sure.
So I am sure that nothing is going to happen this year.

Lol this is s realy strange question why would you think that the economy will collapse this year we already raeched that a couple years ago now it is going great.

Since the housing bubble in USA that made them collapse I think the government have been more careful regarding that kind of thing to not happen again. I am thinking they have made some arrangement to prevent that.

Well USA > Housing Bubble
Europe > Refugees + Brexit
ASiA > IS/ Chinese market collapsing.

It sure looks like the strongest economies are facing really big problems.

EUR/USD parity is just like a roller coaster for a time. That means there are unstable things. One day brexit followers gain power, and EUR gets dumped hardly. The other day, a parlementer gets shot in the middle of London and USD gets dumped. That's only brexit btw. Migrants, Isis, Wars in the Middle East, Russia, China... Nightmares of every kind.

That's not going to end well.

We all wish. 

However, the sun will keep shining - gasoline will still burn - and the wheels of industry will continue to spin whenever the resident orc presses the go button. 

Off course will the economy not crash this year maybe in ten years but i dont think it would happen again because it was not allong time ago when it happend the last time so maybe later it will happen.

Off course wont the economy not collapse this year that cant happen because a couple of years ago it already happend it would be very strange if it happen again at the end of this year. Maybe in just one country it can absolutely happen.

Yeah I do not know why people are thinking that this is going to happen this year. We would have seen some signs are other things that would have led us to some kind of signs of the world economy going to collapse.

I think it will not. Now some countries are experiencing kenaika and developed so rapidly and well the economy will be good and be better than before. bitcoin will become larger and outstanding.

I agree. As long as people accept it, it won't collapse as they still needing it.

The dollar will never collapse.  A single dollar will always buy several ounces of silver, it will always buy 10 bitcoins, it will always buy a good suit of clothes just like it used to. 

I am not sure that world economy could collapse at the same time. It will a collapse for for but for one currency at a time and finally when all the currency would have crashed and people have converted them in bitcoins, that will be the End of Fait.

It depends on the country you are thinking.
Many people already predicted crisis in eu countries,and america.
Some of this aren't true of course but we can really get crisis in some eu countries cause of UK leaving.
Everything can happen.

Yes it may not easily collapse this year and I do not think we see a collapse in the next few coming years by reviewing previous collapses.

World economy can not collapse, it is not possible. Even one country economy can not collapse, because there are central banks in each country, which supervise all local banks, so if banks are working, economy can not collapse.  ;)

looks like crisis like in 2008 is on horison.Italian banks are holding 360bln euro of unpaid credits
It is much more than in 2008,that 360mln euro is only Italy,add more EU banks and you will see one of many reasons for crash

But it seems that your definition from word collapse differs from others definitions since we had a collapse in 2008.

I do not believe that the world economy is going to collapse this year because if it was going to happen then we would have seen some signs.
Like it being on the news and that never happened so that means that nothing is going to happen.

That's right. And the inflation on EU is really going higher than what they expect, it makes their economy into dangerous and high chance to collapse.

OP - It will collapse this year sell everything you have, even your country currency will not have nay value. So what you will do then  :P

Done believe in anything and everything.

Yeah it is not going to happen because we would already have sen some signs of it happening and nothing is happening.
I never think that it is going to happen because a answer for those things are always there.

Some players just "sell" panic to get huge profits.

The world economy isn`t recovering very well and there might be a new crysis,but i wouldn`t say

"collapse".

Deutsche bank is at all time low at the moment. The word is out, they'll go bankrupt probably.

Brexit did a incredible damage to both euro and especially gbp. While it looks like USD is the only safe currency, it is not. They have their own problems. China and Russia is a big threat.

Gold will be the new king in the near future. (not bank gold, real gold which you can hold in your hands)

Those are just speculation and theories, They are possible situations that may occur but there is no one hundred percent guarantee that it will happen. But do not worry over such matter if many people will believe it will just lead to panic selling and buying. The government and the financial world will not allow such things to happen. If that is going to happen they will surely find some means to stop it or to lessen the impact.

Having said that the world economy will collapse this year is a fuss, theres no need to pay attention to it. If economy will go down what use is buying gold if economy will be down on its feet since nobody are going to buy your gold anymore in the stock market. If economic doom will occur soon then  only local investment will thrive, international investment is no longer a good option.

There's a possibility that our economy will collapse and some of the country are already experiencing it. An inflation is a cause of economic that is collapsing although it is only a part, there's a big impact for people who deposited their money in the bank.

Already during the days after the EU polling every country experienced a economic collapse for a short time. I believe it has got possibility to have a collapse when Britain officially get out of the Union.

If the ISIS is going to continue to their threads in some parts of the world. For sure the economy is going collapse as the fear is going to be
in the hearts of the people and if there is fear it can really make an economy collapse.

I think that is all just manipulation to make people buy, and not just gold or dollars or bitcoin - everything.
last crisis was in 2008 and I do not remember I heard some predictions about it. It was unexpected to me. Maybe about its coming knew only people who are close to world economy or some politic specialists. and now here someone who knows who writing almost every day that new big crisis is coming. Well done. i do not think it is worthto believe.

I would say that there's always an economy collapse yearly and no one is able to stop it, why is it happening? Simple because of money.
Big whales in the market are getting advantage out of it if there's a crisis.
They are just manipulating it.

Well, the years pass and people still believe in imminent apocalypses. I have been a forex trader for long and all the time "expert" analysts are predicting that the current economic system is unsustainable and its collapse is getting closer... but it never comes.  So I have learned to live with this continuous but harmless threat.

FUD and FUD will come but it is always an asymptote. It never reaches the point where it becomes reality, however much people may try and push it to being so.

End of the Eighties. Atomic Warfare around the corner.

The believe that things will collaps are growing mature, "the end is near" nowadays merely affecting the financials, not one's eternal soul or mortal life. I' getting more relaxed about that.

People predict doom and gloom when it comes to countries destroying each other and the end of the world, but most of the time those things are not what truly end empires or countries. If you look back into the past and look at most empires throughout history, they rarely collapsed due to sheer warfare with other countries. Most of the time they get big, get lazy, make a lot of money and are living the easy life with a lot of resources, and then collapse from all these factors growing out of control. Rome fell due to a number of these things (and were also attacked by the Barbarians, which helped speed the collapse), but it is definitely something that could happen to most countries. The US is already experiencing a number of these things, and considering some of the things happening, it seems like the US could be on the way to a collapse.

Although you're right, it has definitely moved away from the end of everything to the end of empires or financials or whatever.

I know that the economy is not going to collapse this year because we all know that if it would happen that we have seen some signs.
Lets just be realistic here and focus on reality.

How would a world economy collapase when you already seen back in 2008 of the major banks in the US come back from the mess they caused lol.

The illusion of a world economy collapse is such a illusion. Yes, you see financial collapse but that doesnt mean the world will collapse entirely.. it just recovers all over again.

You're not seeing the sign because it's slow to process but you sure know it. The inflation of the money? I think you know that before one piece of item is worth small penny but now it cost higher.

I am agree. All this talks about collapse is just talks to make people worry, cause 2008 year wasn't so long time ago and people remember how it affected on their lives. So people who predict new collapse have in target to make other people buy, no matter what, gold, TV's what ever.

just use various sources, don't always read from the same publisher

if you want to verify information, just google the headline, and search for related articles under the "news" section

Actually, everything is unpredictable. No one will know when is their last day in this world, just as the same as bitcoin's life

absolutely right. nowadays you cannot really believe whatever people may say, you also need to have your own thing, and look for your own answers about your questions, its because, nowadays people tend to take advantage to almost everything, that is why you have to be aware, keep your records as always and be wise enough in order to survive this economy.

I think we were a lot closer to wider devastation than anyone cares to admit. The only thing that stopped systemic failure was the US government massively injecting cash into failing banks to make up for all the defaulting going on between them. If people didn't have confidence that would fix the system, it probably would have failed since there were no other steps the Fed could take to staunch the bleeding. It was a self-fulfilling prophecy (in a positive way): it worked because we all expected it to work. Confidence was the only thing standing in the way of a cascade of ever larger systemic failures.

which economy is collapse? is it in one country or globally? because if its only for one country then that channels might be say true but for globally, I don't think so. there are more than just chaos that will be happen in every country that can make the economy is collapse and there are more reason to know that the economy for one country is getting collapse. maybe the channels is only want to make people become panic and start to make a little chaos so people will thinking that the global economy is getting collapse.

Will the world Economy Collapse this year? 

No one can answer that question, because no one can predict what will happen in the next proceeding years. Even individual person cannot anticipate what will happen tomorrow.

Will the world economy will really collapse? For me maybe not. How would our economy will collapse if the market is working well. More investors are investing. I think the economy now a days is going well than before. As we observe, dollar rate in the whole is increasing and that is a proof that our economy will ever collapse ever!

World economy is a very broad topic to discuss. Maybe a person can predict a particular country's economy but not the whole world's economy.