Bitcoin Forum

Remember 2008?

People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.

The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.

The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.

Get ready for the new cycle

A lot of people have been trying to warn about what's going on now right under our noses.

The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.

There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.

Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.

When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.

Everyone's in denial right now

People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.

The crash is imminent.

When it crashes there won't be time to get out.

What should I do then?

Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.

If you were planning on spending big on something new, reconsider.

Buy Bitcoin or gold or something that should survive the coming crash.

The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.

There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.

When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.

Traditional banking system is rigged and mechanism was configured for benefits of real owners who has ability to control with financial tools. Sometimes i read about tax system and “fractional-reserve banking” which don't apply same rules stated by financial institutions. Institutionalized crime found the working way to grab people's money with legalized rules. Taxation is legal way for  taking of the property of community.
Central banks will use all possible solutions for protecting current cheated system and this is one of reasons why they don't like Bitcoin.
Unfortunately cryptocurrencies are not feasible solution without mass adoption...

The way the baby boomers have and still are running this country is a disaster.  We need to get them out and start getting things in order.  It will not be easy.  Until that happens expect more of the same.

I agreed with what the OP said about the economy and the games played by the FED in supporting the banking system because it the same game they played way back. Besides, the OP was right about people paying their credit card debt and any other debt to avoid been crush. But the side when the OP said "Nobody's buying gas" is something I disagree with. However, bitcoin and gold will always be the best investment of all time.

Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.

FED or others should influence people's psychology to influence the price so it is not possible to influence the price directly. Evidence can be the volatility of the price when there is little time for any institution to make important decisions at Forex. But if the big institutions accept Bitcoin as scam, price will dump immediately. They have been existing for many years and everyone has accepted them as '' those who adopt a legal decision ''.
The price decline in the crypto market and stock market, even the decline in the level of life of people in my country in recent months can be a indication for inflation.

I dont know anything about this new crisis or crash but i have taken three
steps since the last crash in 2007/2008.

1. Reduce debt
2. Reduce spending
3. Buy Bitcoin

Wait, how can bitcoin survive to upcoming crash? Aren't we ones who measure bitcoins in usd? The banking system is really big ponzi scheme and current economy system too, a lot of money isn't moving, is frozen in one place for nothing.
I don't know what kind of crush do you expect in future but if you want something stable, then buy gold. If you want sonething which you can fully own securely, then hold some bitcoins. Some because it's price can become so surprising for you, maybe you'll end up with nothing or with everything.

Cool , is this serious?

This is 100% right on. They fear Bitcoin because it is transparent. Bitcoin is run by an algorithm. Whereas they want to print money freely for their buddies. We all need to work for mass adoption. If the masses want it, it'll happen.


Funny how baby boomers were born before the bankers ended the gold standard! Baby boomers actually saw some real capitalism back in the day when the FED did not control the stock markets and 15 families didn't control the world! They should know better. The only way we can change this is to raise awareness about the banking ponzi scheme we're living under and spread awareness around us to family and friends.


We need to continue to raise awareness about the games bankers play and how it's not a conspiracy theory but real stuff. People often think this kind of thing is a conspiracy thing, when it's not.

(My comment about gas was due to today's EIA gas buildup numbers.)


You may be right. I don't know whether it'll blow up now or in 5 years, but we're staring at a level of debt that humankind has never seen before.

More gold derivatives is traded in London in a single day than was ever mined by humankind. It's a 100% fake economy based on fake value. Bankers are buying and selling nonexistent things. The FED prints nonexistent value. It's a crazy ass system and average people don't seem to notice.


Whenever the stock market goes down, they find a way to pump it up.

Today the FED put out a "dovish" statement. Markets went up. It's all fake. The FED controls the markets since the early 1970's.


Same here. IMO the right strategy.


When the bankers' ponzi scheme finally collapses, you'll ask your landlord "hey can I pay this month's rent in Bitcoin". He'll likely say well my bank is closed so I guess yeah.

Then you'll head down to the local grocery store and ask hey can I pay this week's groceries in advance, I'll pay in Bitcoin. They'll say cool.

That's how Bitcoin gains widespread use when the failed banking system finally goes down.

This is why a decentralized system is needed in order to stop the exploitation of bankers and federal reserve. If you look back at the great financial crisis that's occured before many has suffered from starvation, being jobless and poverty because the banks are intentionally bringing down the price with low interest to encourage people to take in debt then pumps it with triple the interests.

I consider the lost is out of greed, we need to proceed with additional savings that may not lead to cause such suicide and it is all lacking in proper financial planning. Every one need a goal or a traget for their expected profit amount and once reaching it, cashout the increased profit or capital amount to make a safer play. 

it is a global problem in its time, with this incident we can take the lesson that everything must be taken into account. to be indebted certainly must be used to buy something that will survive a crisis. and system updates should be carried out

This is the truth that majority of people failed to see.
They will just get surprise and said, ohh! I didn't see that coming. Good thing we are here in crypto, we know how to survive in the possible
crash and when that happen, we already safeguarded our assets and maybe the value will eventually increase when they choose crypto to put in their funds.

I guess there's nothing wrong with the OP giving us a fair warning. If some of you haven't seen the financial crisis in 2008 then it's going to be a rude awaking for the majority if ever another financial crisis happened. I was not aware back then or I total deny it, because we were assured that we will maintained our jobs in June of 2008. However, by last week of August everyone was scrambling, close meetings here and there and then suddenly the news, everyone in our team was out of job. So right now, I'm hedging what I have save in crypto and other assets just to be prepared and not experienced what I have seen a decade ago.

An interesting take on the matter.

I'd completely agree with what OP has said. It's inevitable that a financial crisis would strike, it's only a matter of whether it's sooner or later. It's simply unsustainable to have such long periods of growth without much fundamentals to back it up. We're already seeing stock markets and housing markets (in certain countries) adjust from its highs, and even if that's not necessarily a 100% foolproof sign that such an economic crisis is going to happen in the near future, it should be a warning.

Personally, I think it is wise in any situation, whether it's oncoming recession or inflation, to hold assets that are out of this debt based system. I'd rather put my trust in decentralized assets that can't be manipulated, debased, or artificially inflated in value. Diversifying out of assets like stocks and real estate, and accumulating bitcoin, precious metals, or even cash investments will be the logical thing to do in my opinion.

I totally agree with this condition, fiat is full of manipulation by the central bank, government and other party, and with the high inflation and global crisis, investing in fiat is a bad choice for now, gold and crypto is the best solution to avoid inflation, in past day most of us aware this scenario but we didn't had a lot of choice, but now we have the option, so better take precaution

Just to bring another side to this story:


tldr; the upcoming financial crisis may not be as significant as 2008's

That being said, it's still looming and seems to be inevitable at this point. It's better to be safe than sorry.

For ordinary people who don't know about bitcoin, that two option really needs to be their concern before the crash happen in everywhere. Besides that, they will make sure their life will be safe for first, and then they can think about what next they should do if the crash still happens. And the last option is for people who know bitcoin and want to invest their money in digital assets and maybe we can introduce bitcoin to the ordinary people so they can have a new type of investment besides their real investment.

We all know that it's gonna happen, the question is how long would the system keep things afloat before the imminent crash materializes? Bankers are now conditioning people that no such recession is happening in the near future, but the people aren't buying that anymore. Somehow, the money has to flow to somewhere since people would surely love to guard their assets and avoid for it to depreciate in value at all costs while the rest of the world is burning, so cryptocurrencies and gold might be the vest hedges against this crash. The global debt is ever increasing at a rapid pace and no one would surely want to pay that.

Hopefully, I am very happy that I find someone who shares the same opinion as I do.
I believe that the next crisis is near and it is inevitable. After these years of growth in the Stock Markets and the continuous increasing growth rate of the global economy, we should not overcome the fact that the bubble is gonna blow.
The best option that individuals have to do is to pay any debt and try to save their money value in assets that will not be affected by the crisis such as Bitcoin.

If what you have said is true, then it would be good to invest in non tangeble products so we could not get totally affected by the upcoming crisis as what you stated. But these kind of warning would make people panic and could not think properly on what to do for the next to happen.

Avoiding debt, especially credit card, is a big step towards being safe during the upcoming crash. Banks will become desperate to keep their ponzi going and average Joes will be the ones to feel their credit sucking wrath.

There has been ample warning. People should think calmly about this. There is no way the world can continue sitting on hundreds of trillions of dollars of nonexistent value-less debt. It's a time bomb.


Happy to know that others have seen the truth as well.

I agree with you, gold and BTC will probably be the main reserves during the crash. Kind of ironic considering that this banking ponzi scheme took off precisely when they ended the gold standard.

the solution is, it's time now that everyone on this earth is making a futures investment. and the most likely thing for everyone in the world to do is investing in bitcoin or altcoin.

What do you mean no one chooses to pay taxes ? I mean I understand we are not clearly happy with how our taxes are used but in a normal country when taxes are used for proper stuff people are quite happy with paying taxes. Nord countries like Sweden and Norway have really high tax rates yet they are happy with paying that considering they are definitely happy with where the money goes, free education, free healthcare, free many things thanks to the high taxes.

USA pays almost similar taxes and gets trillions yet use that on banks and making rich people even richer instead of helping a high standard of living. I know that wasn't the topic but I just got fixated on that "nobody chooses to pay taxes" like they take it from you by force, if you don't pay your taxes the country you live in will turn to third world country Venezuela type deal very quickly.

Plus, about the 250 trillion dollar debt deal, when everyone is in debt, no one is in debt, if A asks for the debt from B than B will ask from C and C will ask from A and it goes around, that is how we reached to 250 trillion dollars and that is how it will continue.

Agreed that its pretty one sided if you'd say no one likes to pay taxes. I think taxes are great but the bureaucracy, corruption or plain stupidity makes it tough sometimes.

The world financial system before the coming of digital currency and cryptocurrency which run on the blockchain technology bank is made of too classes that is the class of those 1% of those who have the resources at they hand and the remaining 99% of the remaining are poor people with no resources the traditional financial system is a scam.

One of the world's greatest business minds has taken control of the USA, if he can't save them no-one can. So far the results have not been positive so it's time to switch to bitcoin instead.

What gives you the reason to think like that? Then if market, pharmacy and etc will happily accept bitcoin payment, this means whole world will move on bitcoin. But it's another task, can bitcoin handle this? As you see last year high demand on bitcoin caused very high fees on transactions + some exchanges closed registration.
Also consider the fact that walmart's consultant won't accept that payment if walmart's administrator won't give him a right, I said that as an example.

Choosing any investment instrument must have advantages and disadvantages, for example between Bitcoin, Trade and Gold. Everything is offered to each of them, all who have hopes and goals for what they have but must be with the right financial planning

right because by way of long-term investing it's great to get a big profit, especially now it's a very good time to invest in the top coins like bitcoin

Do you think, that Bitcoin will flourish during the crisis or will go down the drain with all the stocks and banks?
I personally, think during the bank collapse, merchants and people will start using crypto. This lighting adoption needs to increase as BTC will become unusable again.

It might happen because people will lose their trust in the stocks and banks and they will change it with cryptocurrency. And if this is happening, then the cryptocurrency will grow fast because all people want to come to the cryptocurrency. The mass adoption will happen at that time and we will see a new era of digital technology in our life. But before this is happening, I think there will be chaos in the economy section and people will transform the financial from the traditional system into a digital system.

2019, the global economy has arrived globally has not improved, it is even worse than the estimates of the people, the economy is destroyed, people who are obsessed with increasing the need to increase, this is crazy and destroyed, which is even worse, many countries are bankrupt.
Bottom line:
- save on spending the main solution, buy what you need to avoid waste,
- the best solution for Bitcoin and Gold at the moment.

Indeed we were warned currently with most of countries had suffers high of inflations even debts are increasing everywhere and considering to buy particular investment tools to avoid going bankrupt is reasonable because if crisis happened then if we have nothing to covered our financial then immediatelly we will being an poor people and i liked people idea to considering buy bitcoin as future asset and i'm sure bitcoin can survive in the middle of financial crisis

There are countries that experiencing hyper inflation and their solution is using bitcoin. They can avoid the crisis in their economy through the use of the bitcoin. Bitcoin can really improve the economy of the country because it has important role and uses.

This situation, unfortunately, is not only in the United States. But also in some other countries. People pay taxes in the hope that they will receive quality life and services in return. But over the years, the taxes of citizens are deposited in the pockets of officials, and so far nothing and no one can change it.

As soon the mainstream well-understood about how corrupt the system, the chaos is inevitable. Right now the clock keeps ticking, we need to educate everyone and ourself about it. I'm sure Bitcoin, gold, and silver are one of the many assets that able to overcome the chaos.

US goverment focused on near targets and figures rather than future of the nation. They govern country according to populist strategies. They care about the next election and voters' expectations is only short termed. This situation will always end by a crisis.

I am agree that our current economic system creating a hole to new economic crisis. With more printed money by central banks, i think its not a real growth on economic but its a buble. I think cryptocurrency will be a new profitable investment and i am believe cryptomarket will survive

The current system is proving quite outdated. The measures taken are not good, and whoever takes them knows this. Anyway, this crisis is being sung to the winds and only will not prepare who does not hear such winds

but on the one hand many are still comfortable with the current situation, changing the system means they have to work hard with the new system. sometimes even though they know but as if they are ignorant, to spread bad news, so they are still in their current position of prosperity. but I think that the development of the era cannot be resisted

What do you mean there is no demand on these things? People are still buying gas and oil and they need it.
Could you please explain it further and include the data?

The terminology might not be correct, in the future there will be less of a demand on oil or gas.
I woukd like to see the data on all this oil being stockpiled

This is a world economic concern and not just about cryptocurrency, the increasing world debt can make another financial crisis. If we invest, we should be ready to hold for more years since the market will not recover for just a year. Cryptomarket can be a good escape for that, but still its not guaranteed that this market will still go higher if there’s a financial crisis.

I think that Bitcoin (or other reliable cryptocurrencies) is the only solution. A new wave of crisis will come anyway, so you should always be prepared for this. Personally, I keep my savings both in dollars and in cryptocurrency. If something happens from any side, I won't be left with anything.

Epic piece of writing and one that would be forgotten as soon as people finished reading this, because people never listen to any warnings, when it comes from unknown sources. They want advice from famous celebrities and rich business people, as if they have all the answers to all the problems in the world.  ::)

Nobody listens to warnings about Global warming and they cry when devastating natural disasters happen, so I guess the same thing is going to happen with the next financial crisis.  >:( >:( >:(

Trying to blame all what it is happening to a single generation is a mistake, the economy of the world has been manipulated for a long time since the bankers were conspiring to get rid of the gold standard, this is a process which has taken a long time, but fortunately you do not have to be one of those that lose everything, you can take precautions the most important as stated in the OP is to not have debt, avoid debt as much as you can because your future depends on it and try to get a form of money which is not related to the governments like precious metals or cryptocurrencies.

Whatever warned you can give me, I'm ready to accept what it is. I'll try to keep what I'm holding on now because when I was here since then I've been careful to keep my part here in bitcoin to stay and last as a bitcoiner. before anything else before i enter it you know what's wrong and correct. so you just need to be very carefull and accept the best porfits and above all the great investment. so to avoid warned just be careful, once and all.

right, we all need to know the risks first, so we don't be surprised if reality is against our expectations. therefore, with confidence and psychological well-being and high patience, it will take us to the heyday

You are 101% right with your perspective views; very appropriate example too. Unless otherwise they are experiencing themselves, no one is giving importance to any such warning even for the cases of celebrities nor for government's warning as well. People are busy with their daily routines hence ignoring what they have must to do for securing themselves from future disasters and hassles.

Even we are not bothering about what is going to happen in near future for the world economy, at least we must listen to the solutions provided everywhere.

Here is the perfect one from OP :

Leaving off traditional banking and focusing on alternative investment must be the wise action we need to follow to overcome such economic crisis. Fortunately, we are having bitcoin to act as a Savior for all of us. But, not sure how many people are going to make use of bitcoin to safeguard themselves against another economic slowdown.

The problem with Americans is that they think the whole worlds problems are on them as well. I mean when something good happens the old people try to take advantage of it but the so called modern new young leftist people think that when USA does something bad they affect the whole world and think that they owe the world an apology. I am sorry but economical problems have been something for centuries and even before USA was a country.

The empires that raised from nothing and than crumbled out of existence all had gone out because of the economical problems created by sustaining by war and when war was over they had no income to sustain the system they built. USA just having that problem like any other big empire while all of the world still turns around the sun like nothing happened because when a problem happens in X country that doesn't have to be on USA all the time, sometimes you do go to places like Iraq and create problems of course but aside from that any problems in some small country is not because USA did something wrong with some law.

I only think that crypto is the solution if things will happen, the whole world will be in crisis and this will cause chaos.
We are warned so we should be open to that possibility as well, it's better to have an alternative way to protect our money and our future and I find it in crypto, hopefully those who stay here will also find crypto as the solution to that, here we are manage on our own and let the government solve their problem.

They knew that war saves the economy so they had to start a conflict in Iraq to give their factories something to produce. More gear, more vehicles, more military rations, and after the war blackwater and companies from many fields including construction and transportation stepped in.
https://i.imgur.com/oYfp56T.jpg

Notice how the signs of recession were clearly visible in 2001 and 2002 and the invasion begun in 2003 giving the stock market a small boost for the next 4 years. As the war came to an end so did the adrenaline pumped into the industry by Bush and his team of liars and speculators, but they couldn't care less. It was already his 8th year of presidency. It's all well calculated and the economy is the playground for the rich and powerful. All you can do is refuse to dance to their music.

I agree with everything you said, in fact, I had some reading about the upcoming crisis and the money printed to delay it, the only way out to avoid this upcoming crisis is to trigger a big war, I believe that it is only about time until they trigger a Worldwar 3 because small wars will not help any more.

World economic crises will occur periodically, it is an inevitable condition for the further development of the world economy. Therefore, now, or a little later, the general economic crisis will be all the same. However, it will be a good opportunity for a cryptocurrency to express itself. At the same time, the cryptocurrency should significantly increase in price. Maybe at least it will make the cryptocurrency market begin to rise.

Hey there’s no doubt that left in my mind that soon we shall see another repeat of the financial crisis like we witnessed in 2008, all the top analysts are trying their best to convince people otherwise. I believe that these problems have been in existence since a long time now, and it has further aggravated thanks to the egos of political leaders. The war you speak of would be the end of this world, as each country has nukes so let’s pray it never happens.

That wrong directions is organized many years, or centuries, ago. Before bitcoin people didnt have alternative, now people have cryptocurrencies, and thats a game changer in this situation. I think next crisis will hit many people, just this time this people will turn their back to banks and they will join cryptocommunity. When we see rise in the demand we will see the price rise too. When next financial crisis hit this world, everyone will feel it, will it happen sooner or later is difficult to say, but for sure it will happen.

Buy Bitcoin If if the person be aware that one day he may wake up and see that he has had a 80% of losses of his investment, crypto market is very volatile and dangerous so people must know the risk that can lose all money if invest in crypto. Gold is already more stable and in this case it can be better used for the scenario that you described and bitcoin can be a complementary investment


they are rich and have a democracy that works and is patriotic. In other countries democracy is very poor, if a candidate loses then resort to wars and destroy the country. If any countries do not want to receive US orders, they must change: Be democratic country, forget corruption and focus on working for country to prosper

We all know that it existed and will exist always and this is why we support Bitcoin. All of these liar economic games can be beaten by Bitcoin.

The 1% that has been subject to scrutiny in the past decade has been continuing what they are doing ever since.

Even though there were protests and so forth that tried to put them to shame in front of millions of people they are so rich that people who said these 1% is living richer than rest of the world has not been damaged in their reputation because news media which is controlled by them has projected the protesters as the wrong hippie side whereas the 1% as the hard working deservedly there people.

I am not arguing they deserve to be rich because many of the 1% like Bill Gates, Jeff Bezos, warren buffet all get there with hard work but any proper sane 1% rich type person would say flat taxes helps them too much and puts the burden on the rest of the country, if a person pays 30% of their 100k salary they have 70k left, whereas if the 100 million maker pays 30% they have 70 million left, instead of charting 30% for the 100 million people could charge them 50% and instead of charging 100k salary person 30% they can charge them 10% and compensate the difference from the extra tax on the rich. It is a stupid system and needs to be fixed.

That’s one of the reasons why you shouldn’t just rely on fiat. You should always make good plans and also make investments in thing stocks, assets that you know will bring benefits in the long run. There are lots of things to invest in and cryptocurrency is one of them, including lands and houses, gold and silver and a lot more of them that will definitely pay off big in the future.