Will the world Economy Collapse this year?

[isildur1]

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

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.

[1715242510]

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[jaysabi]

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, 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

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

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.

[jaysabi]

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.    

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

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.

[Curtains873]

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, 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

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

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.

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.

[isildur1]

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.    

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

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.

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.

[D3ViL]

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

[jaysabi]

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.    

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

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.

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.

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.

[jaysabi]

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, 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

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

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.

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.

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.

[Curtains873]

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.

[Slowturtleinc]

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.

[RealBitcoin]

One day people will stop to be slaves to material things

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

[jaysabi]

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.

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.

[Jasad]

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.

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.

[lissandra]

One day people will stop to be slaves to material things

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

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.

[Yakamoto]

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.

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.

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.

[Wapinter]

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.

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

[luciann]

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.

[jaysabi]

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.

[vero]

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

[panju1]

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.