global economy collapsing this fall

[20kevin20]

It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

No way not atleast this year but yes maybe after one decade or sooner if Trump becomes prez

IMO, Trump will be better than Hitlery for the global economy. Things will get interesting if he is elected as the POTUS. There will be a US vs China trade war, and the real winners will be the other countries such as Japan and the European Union. Also, crude oil prices are likely to remain in the 40s or 50s, which will reduce the possibility of an economic collapse.

If Hillary is becoming the president of US, it'll be the start of WW3. She already did declare this, so it's not about conspiracies anymore. I wish it was, but... At this moment, we're trying to actually chose the smallest danger of our country. Two dangers, we gotta choose the smallest one. This is it..

[Barbut]

I doubt in this, economy crises are just manipulation. Economy can collapse, but as always poor people are the ones who suffer mostly. Rich people are more richer after crashes and collapses. Yes some lose a lot, but new millionaires come.
I don't think dollar can crash in some near future, industry behind dollar is very strong. That can't fall in couple months, years and decades are needed for something like that to happen.

[Yakamoto]

I doubt in this, economy crises are just manipulation. Economy can collapse, but as always poor people are the ones who suffer mostly. Rich people are more richer after crashes and collapses. Yes some lose a lot, but new millionaires come.
I don't think dollar can crash in some near future, industry behind dollar is very strong. That can't fall in couple months, years and decades are needed for something like that to happen.

It's entirely possible for there to be an economic collapse very soon, we're seeing it start to get pretty bad already, so something going really bad really soon isn't out of the cards. The industry behind the dollar is definitely not strong.

And if you think that a currency can't fall over the course of months, look at the Deutschmark, and the Pound Sterling when it was taken out of the world reserve currency position.

[amacar2]

It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

Don't think two guys can predict the financial crisis accurately, so i will say better to stay away being worried about any global economy crisis. Holding fiats in bitcoin may save in such scenario.

[deisik]

In my country, economy doesnt seem in good shape too.
Lots of working people saves money like hell. Noone really spends their money except food, clothing, heating.
Gadgets like phone does not sell very well, too.
As Marx even said and even lot others, collapse is inevitable. It will happen in sometime again. They will fix again and return back.

Okay I agree that it's better to save cash rather than splurge it on gadgets and whatnot but what's the point of saving money forever when sooner or later everyone is going to die and if you don't want to live like a normal person right now do you expect that you will have a better life when you are older but have more money? I don't think so. People tend to save cash like they are going to live forever and more often than not die unexpectedly leaving behind a fortune in their bank accounts for their relatives to spread among themselves like vultures on a carcass 

Dying unexpectedly is not as bad an option as having your health slowly but surely deteriorating over time without having any money to pay for all those hefty healthcare bills. I don't think that with age you will be getting healthier (just what you say yourself), so saving (some) money is a must and a sane policy overall unless you are going to end up under the bridge in your own faeces. When you are young (and proud), you can't fully understand this...

Anyway, mother nature didn't intend you to live that long

[SaShiRaJaVu]

nobody could predict a global economic collapse and it cannot be predicted that it would collapse this fall,if that is so easy we would see many billionaires from these collapses as they would sell all their assets and will wait for the collapse to purchase again,as it is noted earlier these kind of collapse does occur due to series of events,i personally hope and wish that these things does not happen anytime soon

[erpbridge]

nobody could predict a global economic collapse and it cannot be predicted that it would collapse this fall,if that is so easy we would see many billionaires from these collapses as they would sell all their assets and will wait for the collapse to purchase again,as it is noted earlier these kind of collapse does occur due to series of events,i personally hope and wish that these things does not happen anytime soon

Well back in 2005 we did have a few people predict the crash and they did earn a lot of money on it as well. You should watch the movie Big Short for it. The global economy depends on the US market for a lot of things, and when the US market goes down, a lot of the other economies follow as well.

[goinmerry]

It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

Again we should not believe to what just people say in videos or blogs. This are their opinions, i can do it also if I want to. I will just get some facts connect it somehow then there it is a new story that is almost true.

[Bardman]

Aren't we already on a collapse daily? No, seriously every year they keep saying a collapse will happen without realizing that it's already happening year after year? My house was worth 200k and now I may not even be able to sell it for 50k, if that's not a collapse I don't know what is.

Maybe your reference point is skewed.
Just because one asset bubble has burst doesn't mean that the global economy has collapsed.

What I mean is that every year it's worse and worse, there hasn't been a collapse yet. Anyways if there is ever a global collapse bitcoin users would profit??

[thejaytiesto]

More and more people are jumping on this bandwagon. Of course Jeff Berwick from Dollar vigilante is also on this, Alex Jones and all those guys. I think it's bullshit. I keep hearing about the end of the dollar for a ton of years now and it never comes. I think the USD is already dead and what we see is a zombie that refuses to die.

[BingoDog]

Summer is over so we have another dark scenario for the rainy days. Global economy is not in its' best shape but we'll stil have to wait for a while for a total crash.

[pearnapple]

It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

No way not atleast this year but yes maybe after one decade or sooner if Trump becomes prez

IMO, Trump will be better than Hitlery for the global economy. Things will get interesting if he is elected as the POTUS. There will be a US vs China trade war, and the real winners will be the other countries such as Japan and the European Union. Also, crude oil prices are likely to remain in the 40s or 50s, which will reduce the possibility of an economic collapse.

If Hillary is becoming the president of US, it'll be the start of WW3. She already did declare this, so it's not about conspiracies anymore. I wish it was, but... At this moment, we're trying to actually chose the smallest danger of our country. Two dangers, we gotta choose the smallest one. This is it..

thats bullshit, if trump gets elected then the war will start because usa and russia would become allies

[zimmah]

They say this every fall, sometimes even with specific dates.

The economy is in a bad state, and it will get worse pretty soon, but it's impossable to predict the date or even the season (and very hard to even predict the year).

They have been kicking the can over and over, and they may or may not kick the can a few more times.

Eventually it will have to end somewhere.

[Shiroslullaby]

Yeah I'm trying to figure out what to invest in for when the economy eventually collapses.
Probably guns and ammo would be the best. And some precious metals for trading since eventually fiat currency will be worthless.

It may not happen in our lives, but there is definitely some Mad Max times coming in the future.
I feel bad for our children and grandchildren. We are probably living in the last of the "good times".

[Sanekavg13]

I doubt it, anyways like last time in 2008, I am sure the US government will bank us all out with the tax money that the people pay them and still not take any action towards improving the situation.

It is good there where we are not ! You have lived in Ukraine and then would understand that You can't complain to Your government. There earn 150-200 $ per month. And rates for the year grow up twice.

[yayayo]

I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!

[jak3]

well its hard to track what is usd price is going to but i know it will not be collapse so soon or ever it is worlds 1st ranked currency :p

[jak3]

well its hard to track what is usd price is going to but i know it will not be collapse so soon or ever it is worlds 1st ranked currency :p

[isildur1]

I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!

could you see it happening within 10 years?

[pedrog]

It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

Ain't nobody got time for this shit anymore.

It's like the end of times, after you survive 25 apocalypses you don't care anymore...