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The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said. “The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.

https://www.rt.com/business (https://www.rt.com/business/427767-putin-world-trade-peace)

This is true, but everyone knows but doesn't know how to change. What I am worried about now is that the financial crisis that led to the Third World War may be very cruel. This is not impossible.

There are alot of what they call unforeseen events that happened already. You can look at how Kim Jong Un met his 'friend' US President Trump in the last months. We don't even know 'what the two are talking about'. It may either mean anything right now, but mostly it can mean anything that will decide what the world and their countries will run its path. For now, we have to worry about how these people will affect the economy.

This was supposed to happen because all the nations are based on the very weak trust that they put on one another. However the trust factor will come later in the time when one will need another.

Right now the crisis might be because of the depleting resources around the globe which are hampering the intentional trades directly and indirectly depending upon whether the specific nation is involved in the trade or not.

This is just one of the prime reasons for the crisis because if nation has take big loans from eh economic superpower then it may happen that due to insufficiencies of the other nation the repayment may not happen and thus may get economic stress on one another.

This topic is too wide and can not be discussed fully here, thats my take on it.

everything can happen right now.

we need to prepare if anything going bad.

stay tune.

Some $40,000,000,000,000 is invested in Gold worldwide. As they say "money is a measure of success"


http://i64.tinypic.com/j621sk.jpg

One interesting point here is sanctions mainly being imposed against nations which geographically border china. Sanctions against both north korea and russia made both countries more dependent upon china. This in turn gave china leverage in trade & negotiations with both countries fueling china's economic growth.

So while sanctions on the surface may appear designed to punish north korea and russia, the true end game may be forcing both to become more dependent upon china, to fuel china's economy. There is a substantial and widespread precedent for this scenario being possible with china typically being shown massive favortism by media, banks and global policies around the world which benefit china at the expense of american and european economies.

That's a good point Putin made about global "cooperation" being largely replaced with "isolationism" or "protectionism". People may be losing their capacity to cooperate and coordinate which could be a significant negative trend over the long term as workers fail to cooperate in unionizing and citizens fail to cooperate to support the right economic or financial policies and so on.

In my eyes, the solution is to help the underdeveloped counties to be financially independent rather than running to the developed countries for financial aid because the scarcity usually starts from the needy. So instead of waiting for when those crisis would come, help should be extended even now.

But what we have is further exploitation of the needy, carrying away of their natural resources in the name of bilateral trade and trying to assist.

Vladimir Putin talking against protectionsim?This makes me laugh. ;D
Russia has a protestionist trading policy since the USSR collapse.They just export oil,gas,guns,grain and precious metals and always had a very restricted import,due to the high import tariffs.
I guess that the US sanctions still have a negative impact over Russia.

no need  compare to gold  crypto market cap very little in the world less than value of apple company

Russian leaders need to come out and start declaring a lot of bs to try and paint a bleak picture of the whole world so Russians will keep quiet about their 2% VAT increase and the retirement age which is just one year above the average life expectancy of males in their country.

It's typical URSS propaganda, "Yes we're dying of hunger but you know what? The westerners are also thirsty!".

A failed country with enormous manpower resources and land which is at central Africa level is talking about failures. Common!!

And the short link to the article is pretty funny:
rt.~/business/427767-putin-world-trade-peace
The guy that banned cheese but not caviar imports is talking about trade and peace.

It would be a new experience to see BTC standing besides gold and silver during the next financial crisis.

What he says is the truth but it will never change, people always put their own first. World leaders are no different. I'm sure they're well aware that their actions are only in their own best interests and not of those of the global economy and that if everyone acted accordingly then everyone could be better off. The problem is that from a game theory point of view; if one economy does not put its own interests first the they will be exploited by other countries.

That has to happen one day or another. The big corporations are always working to make more and more profit, if they do not make profit than shareholders start to look for another CEO and that's why the CEO always tries to keep his job by making more profits, there are finite amount of money in the world so sometimes some CEO makes more profit which results with others not making that much profit even lose money compared to previous year, that's why the ones that didn't make money start to be more ruthless in order to profit and push the limits of law to the gray area. There is no way we can stop this right now, world will come to a place where there is just poor people and companies who are trying to make profit. Eventually the system will crack, it can't continue like this forever.

Are you sure about that? Seems to be that there's an infinite amount of money in the world. Once we transition towards a cashless society we won't even need trees to print more money.

That is what worries me as well, there have been financial crisis in the past and despite all the problems they caused eventually the world recovered but before the previous world wars there were also huge economic crisis and what worries me is that if some politicians begin to try to blame what it is happening in their countries because of their influence of other countries we will see a military escalation that could bring another world war, that may seem unlikely to many but that was the same that the majority thought of the possibility of war in their times and just look at what happened.

So it is better to be on guard and keep following how the events unfold and prepare for the worst just in case.

I hope I'm not still around when that happens.  WW3 will probably be the end of most of the population.

Interesting point, though I don't know exactly how true that is.  I'm pretty ignorant of global politics and economics in general, but the sense I'm getting from what little I read is pretty much what you wrote here.  I'm not a big fan of China, as they've out-competed the US in manufacturing and tend to view counterfeiting goods as no problem whatsoever.  I wouldn't like to see that country get even more power.

Sounds like a conspiracy theory. There already is a simple explanation  - North Korea is playing with nukes and was sanctioned for decades for all the atrocities that they commit domestically, Russia is being sanctioned over its war against Ukraine. It's not like the west has conspired with China to sanction some innocent countries to throw them into the hands of China.

Also, North Korea lives off China's money, so there's no economic benefit here for the Chinese, they are using NK as a political and military tool, plus they don't want it to collaps because it would mean millions of refugees.

If this financial crisis will be started, shall it also start a global famine? I guess what Putin wants to say to the nation is to find ways to avoid the crisis he is talking and not the financial war against nation's.

Bitcoin was created in the wake of the 2008 financial crisis... so does that mean that people will flock to cryptocurrency if there's another one?

as a leader certainly gives hope and optimism to his people. so that the people are eager to develop the economy and finally what has not been worried has happened. I think as a leader it must be like that, providing a solution to get out of a bad situation, and this needs to be followed by others

Putin's hypocrisy has no limits. “Violation of the rules should not be a new rule,” he said, and at the same time, he, as President of Russia, violates all international cooperation agreements between this state and other countries and advocates that these countries do not have the right to retaliate unilateral individual or collective sanctions against the offender.
Now the world because of its imperial ambitions Putin and piracy methods in international relations really stands on the verge of the Third World War. He is the cause of such international tension.

From what i am read in online media, many expert predicting 2019-2020 is hard year for many country in the world. Economic crisis could happen and its bigger than 2008. Trade war between US government and China government still not finding a solution and i think thats increasing crisis risk.

Putin is actually complaining about his own actions, saying that the violation of the rules of international cooperation, which have been forming for a long time, becomes a new rule. It is he who is violating all international norms now by his actions. At the same time, he obviously does not want the international community to take adequate measures against Russia. It is he who begins to saber with weapons everywhere, trying to solve everything by force. His private army and the army of mercenaries, not only in Syria and Ukraine. So what does he want? The community has the right to unite against the actions of the aggressor. Now it is because of Putin that the world is moving at a fast pace towards the Third World War.

In my opinion, Trade wars, increase on interest rate is sign of economic crisis. The Fed already make a statement that they will increasing interest rate and this is a sign that dollar will comeback to America. It will make dollar supply in market will more tight and i am believe more country will difficult to provide liquidity

it's already December and there was an article recently in twitter about IMF predicting an economic crisis... so what can we, mere citizens do?

I agree with you. And I  already asked this question in one of the topics. Ordinary citizens can only survive, how they can, and adapt to future circumstances.

Maybe not directly flock too but I think it sounds like a opportunity.

There is no doubt that Vladimir Putin is lashing out at America with this his speech. But come to think of it, what he said is actually the truth that is happening today. The treat of sanctions here and there may cripple a lot of economic activities globally.

I haven't experience any financial crisis in my whole life before because I am living in a balanced place where we could get our food from our backyards, but I guess I still need to see it for myself.

Let me guess where the crisis started and has been going since 2014...
Yes this Russia! Since Crimea joined Russia, things have been getting worse for Russia. The ruble fell by 2 times, all prices rose from 2 to 3.4 times, the retirement age was increased, fuel prices increased by 100%..
But in Russia continue to argue that there is no crisis and all is well, but every day show how bad in France - there is a law and people go to rallies on the Street.
Vladimir Putin-can say anything, maybe in Europe and the crisis will begin, but first look in your garden and see what happened to the people!. Get off your post and let the people raise the country from their knees!

First what president Putin has to think about is his own country and not only him but all that so called leaders
What will be with Russia with zero productivity
Russia can be incredible rich country if managed well
But majority of Russians are extremely poor
What will be with Russia demand on oil and gas will slow down
But Putin and his close circle will stay rich
Only one thing what will left will be tanks missile and air forces and millions of soldiers
For that what Putin is doing to Ukraine he has to experience real sanctions current one are any
Top danger for world peace is Russia and in fact Russia is in state of war with Ukraine and Russia is aggressor same way like Hitler was
That situation is in fact very similar to situation what was before WW2
One of the biggest crisis now is in Russia can be solved by war
All that is like preparation for aggression

I am not so sure about the "world has not seen yet" part. I mean world has seen a lot of economical crisis, as a globe we are more connected to each other than we ever were so that is a part of the problem but this world has gone through world wars for Christ sake, we are talking about whole nations killing each other and destroying their homes and neighborhoods in order to conquer each other, if the world could recoup from a world war like second world war than I am sure we can fix everything else.

2008 was a bad year where everything collapsed, whole USA which is one of the biggest economical forces in the world if not the biggest had a horrible year and many people bankrupted and that affected whole nations like Spain and Greece and right now we are much better than we were in 2007 before crisis happened. This tells me we can have a crisis but I doubt it will be something we have not seen before.

the world is cruel, the economic crisis makes people lose their minds and will do everything they can to survive, this is a very scary day even because economic problems can lead to war,

how beautiful this world is if life helps each other.

Putin himself began quite tough and aggressively to bar an already well-established security system in Europe. He began by military and paramilitary methods the seizure of the territories of neighboring states and by the same methods extended his influence to other states with large reserves of energy resources. It was he who initiated the unleashing of the so-called hybrid wars. From his imperial ambitions tens of thousands of people have already died. Is this murderer and executioner still unhappy that economic sanctions have been imposed by the international community against his methods of conducting politics with other states? Is he so cynically ignoring the established civilized rules of coexistence between states and still trying to resent that the international community began to at least somehow react to its openly pirated attacks on other states? He, like the slave population of Russia, deserves more radical measures, until he dragged the world into a new world war.

Getting food from your backyard is one thing and having a global financial crisis is a case everyone will get affected one way or the other.

In his defense he will say he needs to protect his country from other forces and so is the reason he made those decisions in Ukraine and now in Venezuela, but not certain about what kind of action is being planned in Venezuela but US cannot claim they wanted peace either, as they have the biggest military base around the globe and just take a look at the war they started in the last twenty years alone around the globe and some of the effects it had is huge because of the immigration of people from these war torn areas to safer places like Canada and other European countries and it will create a much bigger problem in the future.  
The fun fact is that the narrative always changes with perception. :D If you look from Russian stand point what they are doing is correct and on the other hand if you look from US stand point what they are doing is also correct.

Putin complains that the collective security system, which has lined up for many years, is breaking down and that international agreements are being violated, that is, he is complaining about his own actions. It is precisely because of his imperial ambitions and the fact that he began to violate absolutely all international agreements, acting now simply as a pirate, without any remorse of conscience and attacking his neighbors, does he actually complain that the international community unilaterally, without his consent, against him international sanctions. He apparently wants the international community to encourage his open military attacks on Georgia and Ukraine, as well as military threats to the Baltic States and all of Europe, as well as the United States. Only in Ukraine, part of the territory of which Russia captured through military aid, killed about 12,000 people. With his reckless actions, Putin pushed the world back into an arms race and military confrontation, actually putting the world on the brink of a third world war. I see that some on this forum even justify his piracy. Very sorry.

In his words, I do not see that he is warning about the global financial crisis. I see that he complains that the world has imposed international sanctions against Russia and, of course, he does not like it. I think that over time, he and all his supporters will be tried by the international military tribunal as war criminals leading to the death of thousands of people.
In the world, there have always been, there are, and world economic crises will periodically arise. They play both negative and positive cleansing role.

It seems that is the case tat is gonna happen if the economy collapses but not all of the money goes to crypto I guess, there is also other traditional investments. Putin was saying that current rules just won't won't anymore and it has to be broke but he did not say we should be making crypto as a solution at all. When that time happens, I guess the normal people would be more affected, they should be opening their eyes by now or else it will be to late for them.

to be successful, we must dare to get out of the box, and that may be forced by breaking the rules, which currently uses a centralized system that will be facilitated by a decentralized system, but there will be many obstacles to that

I think the whole world is living in the situation of a "silent crisis". If we do not take into account certain countries like Syria and Venezuela, where the real horror is going on, the other ones suffer also a lot.

Hard times are coming not only in many countries of the world but all over the world.China and America will play a leading and major role in this crisis.I hope the cryptocurrency will help solve all the problems.

Lol, we know they talked about de-nuclearization or at least chilling out a bit, notice North Korea stopped their nuclear and missile tests and stopped threatening all its neighbors (which could have easily triggered a world war scenario), and they likely also talked about the possibilities of economic relations if they could chill out and be workable. Guess who else met with Kim as a result of him meeting with Trump? The current president of South Korea. The two current presidents of North and South Korea finally met for the first time, and I heard they met again as well. Did you see the promo video President Trump showed Kim? It's all about economic opportunity.

Have a good day,
The Cyberius team  

I totally agree with Putin, he is right. The way American President Trump has been taking protectionist measures and imposing unilateral restrictions, I believe we are heading to complete economic chaos.

Putin is awaiting a military tribunal as a war criminal. Now Russia is stubbornly seeking to unleash a third world war. The so-called unilateral measures, that is, the sanctions of 28 states of the European Union, the USA, Canada. Japan and other states are only the smallest retaliatory measure that the world community is obliged to apply if it wants to live according to the previously established rules, and not watch how Russia is trying to create its empire by attacking neighboring states and seizing their territories by military means. There is no excuse for such actions. It would be nice not only to introduce economic measures against violators, but also directly introduce international military forces into the country of the aggressor. For the world at large, this would be the least evil.

Seems very unlikely that that will happen. It would be more likely that wars would be fought out on foreign battlefields as proxy wars.
Although, it is quite eery to think that nuclear war has actually almost broken out in the past, can't discount human error or just shier stupidity.

All I'm saying is that the chances of WW3 breaking out purposefully are very small.
But yeah, some random event could always trigger it.

Wars would be fought on foreign battlefields? Can you elaborate that please!? Like you will be safe in some country, but in some country there will die many innocent people, but its not matter as long as some people are safe, in some countries?
Wars starts cause of the money, new financial crisis is something that will happen I`m sure in it, cause this current economy model is broken. I cant wait for new crisis to happen, that will be a wind in the back for cryptocurrencies. I think we ordinary people of the world need to unite against governments and corporations that create was for their profit, only way to really accomplish that unity is trough cryptocurrencies. Long crypto, short the bankers.

You often have to question the success of most of these sanctions, because most countries have already found ways to circumvent these sanctions and they flourish in spite of that. You only need one or two countries to say NO to these sanctions and then you have a backdoor into international markets for their goods.

The US sanctions is a political ball that are being played to protect their own local markets and to force their political enemies to play by their rules. We are already seeing reports that Bitcoin and other Crypto currencies are being used to bypass international Bank payments. <Bitcoin is borderless and cannot be used to stop people from paying for goods and services in instances like this. 8) >

It seems that Putin simply once again threatens the world, and is absolutely far-fetched. How can international sanctions against Russia cause a global economic crisis? The global economic crisis threatens only Russia for its aggressive piracy actions against its neighbors. This is the usual and generally accepted practice of the world community to pacify the aggressor, which for some reason Putin calls unilateral actions.
Almost all of these international sanctions against Russia are connected with the attack on Ukraine and the seizure of its territory, the conduct of direct and hybrid war against it.

But, we are facing economic crisis all over the world for last 100 years that resulted with some places not finding food for themselves.

Whole nations bankrupted and needed to be saved, there have been financial crisis where people left their countries. Even the whole trouble in Arabic countries was caused by the wealth gap where poor became way too poor, you may not heard or seen what happened there before the wars started but check out Yemen right now where people eat grass because they can't find food then you will realize why wars happen.

Nobody with sanity would continue to live eating grass and leafs while the wealthy have big meetings in luxury hotels, of course they rebel. So, all it comes to the fact that we have seen horrible financial crisis all around the world already and there is no more "has not yet seen" levels because as soon as it reaches those levels the poor become too hungry to continue accepting their faith.

Very interesting. Putin is outraged that he is not given the opportunity to rob and kill the inhabitants of neighboring states with impunity? He is not allowed to engage in "achieving economic advantages" by military invasion of Georgia, Moldova, Ukraine, which once belonged to the USSR. and now declared their independence? This stupid and irresponsible policy of Putin inevitably leads Russia to an economic and political collapse. Inevitably, it will inevitably have to pay and pay for all the evil, apparently, the people of Russia, who are now mostly silent, will have to pay.

Possible he is right, but the main reason for financial crisis  is made from political people because they mostly make bad decision and affect whole population, but i think a new economy crisis will not come.

I happen to read some articles describing the real face of Putin behind what the man is trying to show to the mainstream media which can easily be mesmerized by a charming and intelligent leader like him. There is something sinister with the man but because he is effective for now in managing the country the people of Russia continue to admire and support him. People and countries who have the "strongman" tendency are all praising Putin and his policies but the time will come when the truths will be revealed.

However, we have to give to the man that he can also pronounce honest, frank and even futuristic statements reflective of the current situations around the world. Well, as what I am saying he is quite intelligent. As to the coming crisis, I think we are also sensing it now and it does not have to take a Putin for us to see this emerging development.

You must also take into account the mentality of people who are residents of a particular state.  Those traits that are subject to the Russians completely incomprehensible to the Americans or Europeans.  The Russian people are ready to live in poverty, like North Korea, but at the same time to keep the whole world in fear.  In this way, one can determine the admiration of the citizens of Russia for their government, and not their level of life.  I think that users of cryptocurrency in the Russian Federation will be very surprised by their government, and in particular by their head of state, who are feeding in the near future to ban the use of cryptocurrency in Russia.  Some bills are already being prepared.  You can read about this open news in the media.

If this happens and the Internet is turned off, then the appearance of Russian Bitcoin is possible. Only he will be under the cruel control of the state.

This warning of Putin is based on the current situations. No one wants to stands fighting this change in the society that may lead to world crisis. Putin is also targeting cryptocurrency asnone of the sources of this crisis. Sooner or later, Russia might totally ban bitcoin and other cryptocurrencies.

Russia should start to embrace bitcoin and other crypto currencies if it wants to regain it's status as a super power. It has lost the cold war and the economic wars, the only way to win the next one is to start stockpiling and mining crypto

Not sure what you are trying to tell here, not heard about the silent crisis too, there are horrible things that takes place around the world from time to time but that does not mean that the entire global financial system is in crisis, these are two different things altogether  :D.

Random events triggered the past two world wars and it is highly unlikely we will see another world war but we might some power hungry sadist triggering  nuclear weapons and the world uniting against them and not the other way around.

I don't think crypto or Bitcoin can save their economic situation. Because the cryptocurrency market is still quite small and it still has no strong impact on Russia's economy.
In order to revive their declining economy, I think Putin should re-establish taxes and some reasonable fiscal policies over the next 5 years.

I think that all users of cryptocurrency should think about the security of their countries and the whole world, And in order to live in a safe society, you need to control some sources of evil and those sources of income that can finance the evil.  I understand that this sounds very bad, For all users of cryptocurrency, but nevertheless, we are still on the road to losing the anonymity of cryptocurrency.

With the inflation plus that many people below the poverty line , it's actually something that is gonna happen sooner or later.
Plus the rich is getting richer and the poor is getting poorer.
Therefore, it is indeed something that we already know that is going to happen .
But how to prevent that needs good government strategies .
I just hope we prevent it.

In essence, it will be quite difficult to be truly safe from those who have evil intentions towards the future condition of the global economy. Even if this happens, I'm sure the crypto community will also experience its impact quite quickly.

Anyone who's actually been keeping track of the economy over the past few years knows that the economy is already in a very precarious situation, doubly so when you consider the fact that we've basically exhausted all of our options to reduce the impact of financial crises. Inflation and people living below the poverty line probably won't be enough to cause a financial collapse, but there are definitely some markets which are pushing everything towards the tipping point. Everyone is hoping that the collapse is an issue that they don't have to deal with, but we should know that it's coming whether we like it or not. A lot of countries are already in an economically depressed state, adding on the student debt bubble as well as the low wages and high housing prices will just make the problem hit harder than it already will.

There's no way to prevent it without reforming the entire system. The governments of the world aren't interested in doing that, so you can probably write it off any fix and just get ready for the tumble.

Just as Putin, as president of Russia, systematically violates the rules of society established by society. In the international arena, he behaves like a highwayman. It is somehow strange for me to hear that he is angry with her and that international sanctions are being imposed against Russia. Military aggression against neighboring states has never been encouraged by the world community.

I think corporations investing into crypto companies is great, corporations investing directly into bitcoin may not. You want to know the difference? During the 2017 peak times there was a lot of whales buying bitcoin and when it started to fall they were the first ones to leave, so they have caused billions of dollars sold with just couple days difference. Hence, when billionaire companies buy bitcoin it is great but they are also panic sellers because they do not want to lose millions of dollars in minutes so they sell, these are the same financial companies that sold their stocks pennies on the dollar during 2008 crisis. Hence I would rather not have them buy bitcoins.

Moreover, when they invested into crypto companies all of 2018 they powered them up very well and those companies became huge and now we have a stronger bitcoin thanks to it.

Nothing can be done to avoid these big financial individual from buying bitcoin, in fact bitcoin market is where all the sugar is to them, and they are ready to pump as much as possible into the market for them to make enough profit. I don’t care if billionaires buys bitcoin or not, all I care about is the increase it will cause to the market, and if we have any low income smart investors, the time billionaires put their money into cryptocurrency is the time that they should be fast enough to sell their investment before it crosses the mind of those big investors to quickly sell off.

This was the mistake some investors made during the last bull run, they so much played into the hands of these whales, the moment their money started pumping the market was the moment that they ought to have pulled out, but they refused.

In his speech, Putin complained more that the world community unilaterally, that is, without his consent, was applying private sanctions to Russia and its influential officials in private. In my opinion, the global economic crisis will not come from this. But for Russia and its current reckless government with its gangster foreign policy, the economic crisis may come soon. It is necessary to comply with international rules, and not systematically violate them, then there will be no crisis in the country.

This kind of worldwide crisis might also help to hasten up the adoption of cryptocurrencies like bitcoin. Some nations are now using bitcoin and other cryptocurrencies to avoid trade sanction by the United States. So I believe that cryptocurrencies might might be use by the people during a worldwide financial crisis that may happen in the future.

His opinion should not be even mentioned.
protectionism ? Did he mean the sanction on his country which were made because of his aggression and occupation along his borders?

In case of global crisis his economy will feel it less than others because the country is already very pour and cut off from the rest of the world .

Given the fact that the US government recently strengthened sanctions against Russia in connection with the ongoing military aggression against Ukraine, the beginning of mass protests against the Putin regime in Moscow, which provoked a refusal to register opposition candidates in the Moscow city mayoral elections and growing fires in Siberia, Russia is waiting a very difficult period. Now many people even predict the collapse of this state due to the rash and criminal both domestic and foreign policies of this state. Therefore, Putin was right about the impending crisis in his country, and not in the world as a whole.

A difficult economic situation has really developed in Russia, but not only in Russia but throughout the world military tension is growing. Therefore, it is not surprising that in the near future a global financial crisis may occur. This may be the start for the adoption of Bitcoin as a global digital currency and then the entire cryptocurrency industry will receive an impetus for development and growth. But this is just my guess and no one knows what awaits us next.

I dont view Siberia wildfires as something that ads anything to political or economical situation to their country. It can potential ad if the fire hits large oil fields or something like that. It is hard to tell if the protest is start of something bigger , they can be negative as well.

Well if we look at the previous crises, the major reason that gave birth to these crises was inefficient policies plus the geopolitical scenario and worst relations across the borders. This is what is happening in the world right now and this will ultimately give rise to the crises by affecting the productivity. The world could have been way too rich and resourceful if certain regions were at peace.

It seems to me that Putin is right. Moreover, I think that a crisis is inevitable if what is happening now continues (I mean in terms of the economy in all countries). We need some kind of new or changed economic system if we want that we aren't be without everything in one moment  :( :(

I agree that it will come a huge economic crisis due to quantative easing and states issuing way too much debt too be able to keep going with their socialistic agenda.

If Putin does not stop in his ambitions to create his own empire and through military aggression and the annexation of the territories of neighboring states by force of force, then there will be not only a global economic crisis. We can already observe the new real round of the arms race that has begun, which arose precisely because of Russia's aggressive military policy. Moreover, there is also a real threat of the third world war. If someone still has not understood this, then it would be time to realize this and think about it, otherwise it will be too late.

I personally do not see any global financial crisis coming, all the countries of the world cannot make mistake at the same time, or refuse to safeguard their economy at the same time. Could have some country that would go into crisis, but before another country experiences it, they would have totally recovered, which is why I doubt if we can ever have any crisis again that will be global.

The world has really advanced now, and technological wise, we are not same as we use to be, so the more we advance, the more our ideas about things and how to guide against it too developed. If we believe that bitcoin can help a country’s financial status, we can see that we have some countries that have already adopted it, so do you still expect crisis from their end? You can now see why I said the possibility of having global crisis is limited.

I am also questioning the economic crisis in the coming years. when China is in serious recession. Their currencies are declining very strongly in recent days, food has also been significantly reduced due to currency devaluation.
Will the war between the US and China lead to other countries suffering from recession?

Probably, Putin is still one of the most mystical figures on the political stage, and he understands the economy well. His predictions should not be ignored, and as I see, this man is right. Every year, economics in many countries become even worse. Cryptocurrencies can decide a part of these problems, and they should be finally accepted by governments.

I think all major economies will be affected. US cut rates, New Zealand did too, Europe is preparing for a cut. Government yields in Europe become negative. The economy is about to recess. I wonder how crypto will act, now I see Bitcoin is rising amid the unknown outcome.

The edge makes people evolve, same happened with the last financial crysis, it was a healthy financial lesson. Certain things cannot be avoided because we are greedy when it comes to money, we would do many things to gain wealth and comfort. The question is nor how to avoid the next financial crysis, but how to survive it, what countermeasures can be taken??

Now I know that most of ICO have not agreed to have Russian investor because Russia has a conflict regarding with cryptocurrency. Though Russia is a powerful country all over the world because of its industrialization, it suffers  from economic crisis. I don't want to blame reckless of the government because crises happen in almost all countries in the world. And we cannot stop it but we should bear in our mind that cryptocurrency is not the reason of it.

I do not think that Putin will have the strength to fight not only with the whole world, but even with the United States. Because of the bet not even on strength, but simply on rash weapon rattling and simply arrogant robber behavior in the international arena, even in Russia itself, its popularity rating has recently fallen very sharply and protests are spreading in the country, which translate into open mass demonstrations in Moscow and Petersburg. It seems that soon this regime will fall and many will then predict the split of Russia into separate parts.

It's funny how some people be talking about third world war. I just saw someone mentioning third world war when we are talking about financial crisis, don't even know why some people like war, is there anything that they gain from it? It just makes no sense and shouldn't be something that the world should be into cause it's very bad.

War is very bad and can only lead to destruction and killing of innocent children and good people. The worst part of it all is that the innocent people are the ones that suffer from it, the leaders never get to suffer in any way, they are kept safe with their family.

Chinese war with USA right now is not hurting the world like it should, normally what we are not seeing is that china makes a ton of money thanks to USA companies building all their stuff in China and than USA companies make a lot of money thanks to manufacturing for cheap and than selling it globally to make money by putting their profits on top of that.

Now, when the war actually kicks in (not a real war like weapons but economical warfare) we will see more companies building stuff in USA itself to get away from the war and than stuff will be more expensive to build and they will increase the prices to make up for the difference which will have a global cost of it since all of the world will have to start paying more for it. Hence there will be a huge crisis of buying stuff that are super expensive and that is why I think we are getting close to a crisis Putin mentions.

It may happen, if the trade war between the United States and China escalates further. So far, both the sides have refused to give in and one of the consequences have been a 20% increase in the gold prices. The Americans should not chew more than what they could swallow. I have a feeling that Donald Trump is taking it a bit too far.

The economy of most countries in the world seem to be in crises one way or the other. The world leaders especially presidents of developing countries needs to develop strong policies and political will to undertake strict measures to ensure unforseen circumstances are tackled with the necessary solutions

When we read about crisis it alarms especially to poor people because they don't have wealth to provide their needs.Poor people will be the number one affected if crisis come. While rich people have savings to survive in times of crisis.

Every economic crisis brings a lot of trouble and a bad influence on the whole world. But it also rebalances the world economy after it has grown so fast in such a short period, it reduces the distance between nations closer together. The world economy will always experience economic crises to continue sustainable development.

Bitcoin wasn't created all of a sudden. The domain name was registered in August 2008. The planning was done over several years, and the work started well before there was any sign of an impending recession in the markets. Also, Bitcoin was already being mined during 2009-10, and it was during this time that the economic recession was at its peak. BTC broke above $1 per coin in 2011, when the recession phase came to a halt and the economic recovery started. From what I have seen, it is very difficult to link the major recession of 2008 or any of the smaller magnitude financial crisis (such as the Greek government-debt crisis and the 2012–13 Cypriot financial crisis) to the popularity of Bitcoin. 

Putin cited his remarks about the fact that the international community imposed international sanctions on Russia in connection with the military aggression unleashed by this state against its neighbors and, above all, the military capture by Russia of part of Ukraine, namely Crimea and Donbass. Russia is now killing thousands of Ukrainian citizens, invading Ukraine with its 700 tanks and its other new military equipment. The largest invasion of another country since the Second World War. If some still do not understand that this could easily turn into World War III, then this may be a complete surprise to them.

"War" will probably not happen the way we think it will in many cases, a country like USA and Russia can't fight each other, that would literally mean death of over 100 million people in matter of hours if they want to. Go check out this simulation from princeton university ; https://www.youtube.com/watch?v=k2aGm_oHKh8  .

It shows how many people would die and how quickly, do not forget this is literally just the first few hours or even days of the war, afterwards there would still be a war going on and even after it ended those places will not be in living situation and all of world will have trouble coming back on their feet. Hence the "war" we will see is just a purely economical one with each other and that is already going on every single day right now.

Their are more speculations that confirms the possibility in USA and I think it will bring more problems for Trump with his denial of the economic crises ever taken place. Russia will definitely benefit from the situation and I believe the warning is part of the strategy from Putin.

If somebody is talking about the worsening crisis, it will happen. Billionaires say it is better now to keep money in cash and crypto. However, buy cryptocurrency only as a long-term investment, that is, by default you should be prepared to give up this money for a year, two or more. Buying regularly for fixed amounts, because you can’t go back to the past, and if you sit and wait for Bitcoin to fall to the same $ 3,000 again, this may never happen.

why do you think you can compare liquidity in crypto to fiat in such season? We have had several financial crisis in the world in the past 10 years but we are yet to see remarkable effect of crptocurrency during this crisis. I will choose crypto any day but I think we might need fairness in our judgement of possible outcome when such financial turmoil approaches.

Since the world exists, the economy follows cycles of expansion and contraction, just as there are periods of peace and periods of war.
What is important is not to be caught unprepared, and take advantage of moments of growth to create reserves in times of crisis.
The capable people always make.

I agree that we can see big crisis.Biggest is already happening .Climate change is real.Estimates that 100   mln people can die next ten years are also real.Rain forest are burning in Brasil.Siberian tajga is burning as well. Record high temperature in Europe over 40 C .Maybe not so long time from now will be nobody to talk about crisis.
In a case of economy financial world i have flashback from 2007.Same headlines about USA attacking Iran
same banks problem with liquidity .Wall Street at records levels etc
But only one real what will really cause suffering of millions of people is climate change

Therefore, the impact of the global economic crisis on the price of bitcoin, we can fully see only at the next such crisis.
As for Putin and his dissatisfaction with the fact that the international community is adopting economic sanctions against Russia, in this case only he is to blame. His foreign policy, and especially relations with neighboring states, with whom Russia was previously part of the former USSR, is largely based on military force and aggression. For such robbers and pirates, there is a place in hell where he will no doubt find himself guilty of the deaths of thousands of people both in his state and in Georgia and Ukraine.

Trump has taken a very aggressive stance ever since he took office in 2016 (at least when compared to Obama). He is a businessman rather than career politician, and therefore knows the advantages and disadvantages of free-trade economy. However, I have a feeling that he acted too quickly without caring for the repercussions. What he has done is to drive China in to the hands of Russia and to permanently damage the Sino-US relations.

That was a bad move and on llong term is bad for US. Trump is maybe a businessesma but to run a state this is not enough and recent issues clearly show that.
Trade war will make more damage to US than to China or any other country and when this mega crysis comes I don't think that America will be strong enough to take it.

If they keep denying their economic crisis, that would be a problem for them then as they will not be able to get any aide to salvage their situation, and I think this is why they are secrete printing money which I heard about $75 billion was printed and injected, this will only solve the situation temporary and may never hold it long before the crisis escalate, which they are owning so much debt.

I wonder what trump has been doing and how him as a business man could watch this happen, I am not sure that he will still be able to win again with all this crisis on ground and instead of him looking for a way to sort it out with other great countries like china, what he is doing is to be having trade crisis with them joined to the economy crises that they have already.

That protectionsim could be meant for USA,UK and China and in large picture I agree. It does not make sense.
But is funny to hear it from that guy since his country is under sanctions because of its aggression.

Also would not recommend using "RT" news, basically Kremilns channel.

It is Putin who complains that in the world at the international level, violation of the rules becomes the new rule? So after all, he is in the forefront who constantly violates international agreements. It is precisely for their violation that international sanctions are being massively applied to Russia now and they are constantly prolonged in the time of their action, since Putin, as president of Russia, does not want to comply with international agreements. First of all, this concerns the military invasion by the Russian armed forces on the territory of Ukraine, the seizure of part of its territory and the five-year conduct of direct military operations against this sovereign state. He also does not respond to the numerous decisions of international courts and tribunals regarding his aggressive activities as a pirate and a robber. And does he still have the audacity to be offended by the international community?