Bitcoin Forum
November 14, 2018, 02:43:32 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: David Stockman: Deflation Depression & Financial Armageddon  (Read 70 times)
allthingsluxury
Legendary
*
Offline Offline

Activity: 1428
Merit: 1005



View Profile WWW
April 18, 2018, 04:39:16 PM
 #1


Former Reagan White House Budget Director David Stockman sees deflation, depression and financial Armageddon. Stockman says, “In the bond market, I don’t know any other way to describe it, It’s uncharted territory, and we have never been here before.

The house of cards is so shaky and so fragile right now that there is the risk of the proverbial black swan event. We don’t see something coming. It shocks the system.

It triggers a panic, and the panic soon envelops itself and descends into some sort of doom loop. That could very easily happen.” Stockman says, “Gold and silver are the only safe investments to have you can’t be safe in the stock market, and you can’t be safe in the bond market.”



Click here to watch this video and to read more:

https://silverliberationarmy.blogspot.ca/2018/04/david-stockman-deflation-depression.html

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542206612
Hero Member
*
Offline Offline

Posts: 1542206612

View Profile Personal Message (Offline)

Ignore
1542206612
Reply with quote  #2

1542206612
Report to moderator
1542206612
Hero Member
*
Offline Offline

Posts: 1542206612

View Profile Personal Message (Offline)

Ignore
1542206612
Reply with quote  #2

1542206612
Report to moderator
IndzheborgC
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
April 19, 2018, 06:54:02 AM
 #2

There is a certain probability that gold and silver, in case of a severe crisis at all, will not suffice physically. And then it is possible that crypto coins will become very popular.
butka
Full Member
***
Offline Offline

Activity: 224
Merit: 155


View Profile
April 19, 2018, 12:13:11 PM
 #3

Gold has always been a safe harbor in difficult times, in times of turbulence and uncertainty. I hope it won't come to that. But I also look forward for the time when bitcoin takes over the throne from gold as a global store of value. It already performs that functions, but I surely hope that people will realize the full potential of bitcoin in that sense.
dothebeats
Legendary
*
Offline Offline

Activity: 1638
Merit: 1071

Ninja Member


View Profile
April 19, 2018, 01:28:01 PM
 #4

Gold and silver have been the safe haven of people who think that the financial markets are going to a downturn. The ability of these precious metals to carry value despite having everything around them being burned is really fascinating, which makes them clear winners on investors' picks. Then came along bitcoin, who also has a tendency to hold value and could potentially net any investors some profit if held for a long time. As was said before in similar articles, the Dow is not performing well while the bond markets are nothing short of a mess right now. If the pressure keeps on going, it will soon crash and the only sensible thing to hold are precious metals and bitcoin (perhaps).

amishmanish
Sr. Member
****
Offline Offline

Activity: 420
Merit: 294


Take Responsibility, Build Things, Be Kind & Share


View Profile
April 19, 2018, 01:45:45 PM
 #5

We all have been hearing about this imminent crisis when people will buy up gold and silver as last-resort assets. This may partially be because the western economies have never looked so battered and in bad shape, since the great depression, in terms of macroeconomic indicators.

A lot of is still sentiment driven. When people lose faith in investments that are considered safe, like bonds, this can result in a sudden crash-like event when all liquidity dries up. If it is really going to be such a time, then why not invest in bitcoin. Although having some Gold and Silver won't hurt. It sounds so ridiculous but are people really going to hoard gold as protection against some sort of economic apocalypse??

If this happens, I am going back to my small home in the mountains, buy a few goats, start farming and wait out the liquidity crunch. With a working internet connection and some BTC, I may as well build up some cheap assets!!

It's Never That Simple!
allthingsluxury
Legendary
*
Offline Offline

Activity: 1428
Merit: 1005



View Profile WWW
April 19, 2018, 05:21:22 PM
 #6

The bigger the rise, the bigger the fall. No market goes up forever.

Bardman
Hero Member
*****
Offline Offline

Activity: 784
Merit: 508


View Profile
April 19, 2018, 11:08:26 PM
 #7

Gold and silver have been the safe haven of people who think that the financial markets are going to a downturn. The ability of these precious metals to carry value despite having everything around them being burned is really fascinating, which makes them clear winners on investors' picks. Then came along bitcoin, who also has a tendency to hold value and could potentially net any investors some profit if held for a long time. As was said before in similar articles, the Dow is not performing well while the bond markets are nothing short of a mess right now. If the pressure keeps on going, it will soon crash and the only sensible thing to hold are precious metals and bitcoin (perhaps).

I just don't see big fish coming to bitcoin in case of a crash. Way too volatile for them, isn't it? I mean look at the % movements of gold vs bitcoin, it's not even close. I don't think anyone would like to see his 100m go to 40m in a few days.



                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
        █████           █████
        █████   █████   █████
        █████   █████   █████
        █████   █████   █████   █████
        █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████
        █████
        █████



   Borderless Trading with Jarvis Exchange
Whitepaper | Twitter | Facebook | Medium | Instagram
Tynovten_
Full Member
***
Offline Offline

Activity: 406
Merit: 101



View Profile
April 20, 2018, 02:14:10 AM
 #8

Gold is being the last direction on invest. Compare to other investment, gold is being the only one easy on the dilution process.

Inflation, deflation are invisible robber, classic problem that for centuries but slowly exactly will erosion your asset. The more high the inflation, it impact to the more high the gold price. All the world experience inflation and if that happen the gold will up.

https://hellynotes.wordpress.com/11-alasan-investasi-emas/




squatz1
Hero Member
*****
Offline Offline

Activity: 840
Merit: 617

Flying Hellfish is a Commie


View Profile
April 20, 2018, 02:47:49 AM
 #9

There is a certain probability that gold and silver, in case of a severe crisis at all, will not suffice physically. And then it is possible that crypto coins will become very popular.

I don't know why people have this false sense about crypto that people are going to run to it in the time of financial disarray. Bitcoin, and the rest of the cryptos only get money pushed into it when people have the disposable income to throw into it, people need that sort of disposable income and investments into regular traditional investments to want to get involved in the wild west of crypto.

People aren't coming here if the market fails, they're going to run if it does.
CryptoBry
Sr. Member
****
Offline Offline

Activity: 574
Merit: 275


Buy, sell and store real cryptocurrencies


View Profile WWW
April 20, 2018, 02:52:33 AM
 #10

There is a certain probability that gold and silver, in case of a severe crisis at all, will not suffice physically. And then it is possible that crypto coins will become very popular.

I don't know why people have this false sense about crypto that people are going to run to it in the time of financial disarray. Bitcoin, and the rest of the cryptos only get money pushed into it when people have the disposable income to throw into it, people need that sort of disposable income and investments into regular traditional investments to want to get involved in the wild west of crypto.

People aren't coming here if the market fails, they're going to run if it does.

Nobody can actually be sure how people will behave if a great crisis can occur. Yes, while there is a possibility that many can be looking at cryptocurrency as the safe harbor there is no guarantee that this can happen as an enveloping fear can spread everywhere. However, it is also possible that Bitcoin and alts can in fact rise in value which can attract many into its fold. Though the only sure thing I can say is that nothing can be sure.

.


.
.



▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████
██████████████████████████████████████
███████████████████████▀██████████████
█████████▄▄      ▀▀██▀╜  ▀▀███████████
████████████▄       ██   ▀^╓▀█████████
██████████████      ║█    ,▀██████████
█████████████▄▄      █▌   ████████████
████████████████▄     ▀█▄  ███████████
████████████████▀,,,    ╙▀▀█▀ ████████
█████████████████▀▀▀█▄▄       ████████
███████████████▀     ▀███████▀████████
██████████████▌       ▐█* ▀▓▀ ████████
████████████*██▄     ▄██▄▄▄▄▄▄████████
██████████▀`  ▀██▄   ▀████████████████
████████▀`  ▄█████▌   ╙███████████████
████████▄,   ▀████ ,,,  "▀▀███████████
██████████,,,,, ╙█▄███▄▄,,,,╙▀████████
██████████████████████████████████████
██████████████████████████████████████
██████████████████████████████████████
L B X.


■                         ■                        ■                        ■                        ■                        ■                         ■
The London Block Exchange
■                         ■                        ■                        ■                        ■                        ■                         ■
.


.
.


.
WDownload OnW
[.
          ▄▄█▀
         ███▀
   ▄▄▄▄  ▀  ▄▄▄▄
 ▄███████▄██████▌
▐██████████████▌
███████████████
▐██████████████▌
 ███████████████▌
  ██████████████▌
   ▀████▀▀▀████▀
/      ▌ ▄▄▄▄ ▐
     ▄█▀████▀█▄
    ▐██████████▌
 ▄▄ ▀▀▀▀▀▀▀▀▀▀▀▀ ▄▄
▐██▌████████████▐██▌
▐██▌████████████▐██▌
▐██▌████████████▐██▌
 ▀▀ ████████████ ▀▀
    ▀██████████▀
      ▐██  ██▌
      ▐██  ██▌
]
.


timerland
Hero Member
*****
Offline Offline

Activity: 952
Merit: 540


View Profile
April 20, 2018, 05:44:56 AM
 #11

The economy cannot continue heading upwards with unsustainable growth forever, some time, some way, it will reset.

In the next financial crisis, it's important to hold some assets that are independent and excluded from the fiat monetary system. Gold and silver are both safe haven investments that has been proven to hold their value in the long run.

But IMO, bitcoin will join that group of safe haven investments soon as well, as it has all the qualities that gold & silver has as a form of value, except more convenient. The reason why a lot of people choose to hold BTC in the first place is to hedge against a black swan event like this that hits the fiat system hard.

Deubila
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
July 23, 2018, 10:04:12 PM
 #12

The economy cannot continue heading upwards with unsustainable growth forever, some time, some way, it will reset.

In the next financial crisis, it's important to hold some assets that are independent and excluded from the fiat monetary system. Gold and silver are both safe haven investments that has been proven to hold their value in the long run.

But IMO, bitcoin will join that group of safe haven investments soon as well, as it has all the qualities that gold & silver has as a form of value, except more convenient. The reason why a lot of people choose to hold BTC in the first place is to hedge against a black swan event like this that hits the fiat system hard.
Exactly. I think so.
IMO, Bitcoin will join that safe haven investment group soon, as it has all the qualities that gold and silver are worth. The reason why so many people choose to keep the BTC in the first place is to protect it for convenience and to be able to improvise every possible circumstance.
goshay97
Jr. Member
*
Offline Offline

Activity: 228
Merit: 1


View Profile
July 23, 2018, 11:14:31 PM
 #13

Once the deflation hits the government is going to hit that print button so fast your head will spend.  Governments owe too much money.  Deflation would take them all out.  We may see a brief deflation but the ultimate destination is hyper inflation with wheelbarrows of money. 
HSRP
Member
**
Offline Offline

Activity: 336
Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
August 07, 2018, 08:14:45 AM
 #14

This is determined by the individual or the investor organization. They have their own strategies. People who can stock up on gold and silver with electronic money thinking can hardly survive. And those who store more money electronically think that material values are not the same. If it was me, I would store both of them together. Maybe later on, I do not have to worry too much.

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆
≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
☆═━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═☆
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!