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Question: What do you think about Shemitah?
Total nonsense, nothing will happen - 3 (30%)
I'm not sure, probably nothing will happen - 1 (10%)
There must be some truth in it, let's see - 2 (20%)
I believe it's true but it' greatly exaggerated - 1 (10%)
15 September will be total collapse comparable to 2008 crisis - 3 (30%)
Total Voters: 10

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Author Topic: What do you think about Shemitah?  (Read 753 times)
BTCat
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August 02, 2015, 02:52:07 PM
Last edit: August 02, 2015, 03:57:19 PM by BTCat
 #1

What do you think about Shemitah? The guy focusses mostly on events on or around 15 September.

https://www.cryptocoinsnews.com/believe-shemitah-foretells-bitcoin-price-increase-fall/

The video in the article is here:

SHEMITAH EXPOSED: Financial Crisis Planned For September 2015
https://www.youtube.com/watch?t=1562&v=rkELgi6EkNo

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BillyBobZorton
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August 02, 2015, 10:53:47 PM
 #2

I saw the video in the dollar vigilinate the other day. I think Ben is a good guy but I also think he may slowly turn himself into some sort of Alex Jones type of persona. This shemitah thing seems dodgy to me to say the least. It seems like a bunch of cherrypicked dates pull together and wrapped around this sort of religious mistique. I personally think nothing will happen. I wish something happened tho, everything that destroys the current economic system helps BTC go to the moon.
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August 02, 2015, 11:48:46 PM
 #3

true ... is always simple.
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August 05, 2015, 02:14:55 PM
 #4

Usually a crisis always hit from the most unexpected area, where everyone think it is the safest, that's where the 0.01% start to hit and harvest. Following this thinking, people are still worrying about the stock market, housing market, bond market, all those will not have a problem

Typically, a financial cycle is to attract people into one type of assets, and when all of them are holding this asset, crash the market price and force them to sell or bankruptcy, thus make them poor again, all their wealth transferred to a few elites

After financial crisis, almost everyone is stacking on more and more cash reserve, so majority of people are holding currency as asset, then this time the value of currency should be crashed and force them to get rid or all their currencies, and make them poor again, all their wealth transferred to a few elites

But how it will play out is unknown, I guess it will not start from the strongest currency, might from Euro due to very unstable situation in Greece right now.

When assets crashes, you can always print money to support its price, but when a currency crashes (hyperinflation), there is almost nothing you can do to stop it, because currency's value is purely established on confidence. So if there is really a currency crisis, it will be very severe

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