Financial Crisis Will Come

[betty11]

There will always be a period of financial crises. All your highlighted points are valid, but not limited to them. We see how greedy the rich class can be in benefiting from the financial crises and calling for bailout, bailout is just a way of giving more money to the rich which further punishes the economy. I read conspiracy of the rich by Robert T. Koyosaki, and I weep for the people controlling the economy, how notorious they can be.

[1714210132]

1714210132

[1714210132]

1714210132

[koura_cc]

Establishment commentators tend to blame every financial crisis on the "bad luck" of a whole host of factors coming together to create a "perfect storm."  What they "forget" is that the incentives of the modern system always drive the elites themselves to destabilize their own system.  Not sometimes.  Not most of the time.  Always.

They will say that the 2007-8 crisis was a combination of the US banking deregulation of the 90s, the US political agenda of moving poor people into home ownership, the poor financial oversight by the George W. Bush administration, the 'global savings glut,' the existence of a shadow banking system in the US, the loose monetary policy in the aftermath of the dot com bust, etc. etc.  All true.  What they forget to mention is that, if it were not these factors, there would be others (stock buybacks anyone?)  If it hadn't happened in 2007-8, it would have been later.

Only looking at the top of the world system, ie Britain in the 19th century and the US later, we can see that:

- There was a financial crisis in Britain roughly every 10 years from 1810 to the 1860s.

- The British Empire bought itself a couple decades by making gold the only money, and not silver.  (Thereby making itself rich at the expense of silver countries -- not unlike what the US might be doing with crypto-currencies today.)  But in 1890 a financial crisis in London made it necessary for the Bank of England to be bailed out by gold from other central banks, the first time in history.

- Soon after world-leader status was moved to the US, in 1929-31, the Great Depression started with a series of financial crises.

- Though the bloodshed of World War II bought a few decades of stability under the US, it was forced to renounce its promise to allow foreign governments to redeem every $35 for an ounce of gold, in 1971.

- The 1970s global crisis of confidence in the dollar forced the US to pay 20% interest on 30-year Treasuries by about 1980.

- The US stock market crashed in 2000.  By 2002, the NASDAQ had lost 78% of its value at the peak.

- The entire world system teetered on the brink of collapse in 2008.

Remember that, we're only talking about the top of the world system, which is the most stable, by design.  (Paper pound sterling in the 19th century and dollars in the 20th were the world's top reserve currencies of their day.  Every effort is made to make other countries fail first -- e.g. the emerging markets crisis of today helps protect the value of US money and debt.)  Further down the ladder, there were many more crises, plus conflicts and wars.

So the long view reveals the truth.  And the truth is that you can't escape the perverse incentives that make individual members of the elites want to profit or prop up the system today by storing up even more trouble for future elites.  These incentives come directly from the system's core nature of theft and deception.

If we listen to mainstream economists, the reason for recurring crises is that, for some reason, people just want to keep losing money.  They keep chasing risky assets whose high values have nothing to do with being propped up by state-bank-elites.  Right.

This system also punishes prudent people who put the most trust in its promises and its official narratives.  But we have a long-term defense: buy gold, silver, and Bitcoin!

It's certain they'll come. A financial crisis is nothing more than a contraction due to a transitional period where the economy adapt itself to emerging and fading markets. The key to progress and survival is adaptability, staying relevant and being able to read the times helps a lot when figuring out next moves. Research, planning anticipation and assertive action can make a different when adapting investment portfolios or trading strategies to remain afloat during a bearish market and even during contractions. Right now, many would say that are some emerging markets and projects that have high probability to perform well, regardless of crisis, blockchain is poised to grow exponentially and venture capital is a necessity that won't die soon. There are opportunities for growth and improvement, that means value, which in turn, means profit.

[toast]

Recession/Financial crisis is a global phenomenon that is sure to impact negatively on the life style of citizen in different countries, to be exempted from financial crisis an investment  in cryptocurrency is the latest technological way out, research, invest and take profit to re invest.

Crypto currencies are created using technological advances and the development of times and economic systems. Crypto currencies will one day need a country that is experiencing an economic crisis, but until now the crypto currency is still underestimated by many countries with negative results will be obtained. crypto money will be useful for countries experiencing economic crisis

[juperos]

Financial crisis will certainly happen no matter what time, most notably in 2008 and in the future it will repeat again, besides the crisis is also an opportunity, if you know how to turn things around and good risk management money will flow to you because of the economic crisis is the way that money from one person to another. There is also another solution, which is cryptocurrency, which is fortunate when I know this, this asset will be very stable and strong in times of crisis, it is more valuable than gold or metal

[Broly46]

Financial crisis come, 911 incident all over again, people blame each other, people kill themselve, some people jump from their apartment, innocent people died, and the people over the Wall Street laugh their ass off while on their way to the bank. Am I right?

[uray]

Recession/Financial crisis is a global phenomenon that is sure to impact negatively on the life style of citizen in different countries, to be exempted from financial crisis an investment  in cryptocurrency is the latest technological way out, research, invest and take profit to re invest.

If you are talking about a global financial crisis then none of the financial market will survive, people will withdraw their money and invest in gold if something like that hits and none of the markets will be spared and even the cryptocurrency market will be affected, we never experienced that yet and hence you cannot determine the real impact at this moment but i am not expecting anything different.

[NeironixNV]

In the next one to two years, the US market is likely to collapse. Then we will see a new global crisis, but I do not think that bitcoin will grow at the time of a panic in the market, but most likely it will recover much faster and go up even higher than before.

[Yurkov]

I think it would be best, if the global financial crisis to come at the moment of the bull run on the cryptocurrency market. This could create an unimaginably huge bubble at the price of Bitcoin! I keep my fingers crossed for this to happen!

[huige007]

Recession/Financial crisis is a global phenomenon that is sure to impact negatively on the life style of citizen in different countries, to be exempted from financial crisis an investment  in cryptocurrency is the latest technological way out, research, invest and take profit to re invest.

If you are talking about a global financial crisis then none of the financial market will survive, people will withdraw their money and invest in gold if something like that hits and none of the markets will be spared and even the cryptocurrency market will be affected, we never experienced that yet and hence you cannot determine the real impact at this moment but i am not expecting anything different.

I hold a bit of different point of view. In case of stock market downfall, I am more than certain that crypto currencies will grab attention of stock investors. In any sort of economical crisis, digital currencies are going to perform the role of savior. Those who are holding these coins at present, wont need to be worried about anything in future under poor financial circumstances. Digital coins do not depend on anyone so a downfall in financial market wont hurt them.

[Aying]

Financial crisis come, 911 incident all over again, people blame each other, people kill themselve, some people jump from their apartment, innocent people died, and the people over the Wall Street laugh their ass off while on their way to the bank. Am I right?

I think that is purge :") but it will happen in a country that people want to get their freedom. a lot of countries now are facing this kind of issue that their citizens want to control over their selve's and not own by the government. if this going to happen world wide, cryptocurrencies will be in demand and this is the right time to show them that crypto is better and for future. market increase will make an history and people will accept that in crypto our freedom will not be able to procurable from us.

[BartS]

In the next one to two years, the US market is likely to collapse. Then we will see a new global crisis, but I do not think that bitcoin will grow at the time of a panic in the market, but most likely it will recover much faster and go up even higher than before.

Those predicting the market will collapse soon are wrong most of the time, you must remember that even if the system cannot be in place forever those at the top of it have all the tools to make it last as much as possible and it is only when they truly lose control of it when we begin to see the consequences of this.

This is what happened in 2008 when they lost control of the economy and the only way to stop a total collapse was for the governments to absorb the losses the bankers had at the time.

[meliodas]

In the next one to two years, the US market is likely to collapse. Then we will see a new global crisis, but I do not think that bitcoin will grow at the time of a panic in the market, but most likely it will recover much faster and go up even higher than before.

Those predicting the market will collapse soon are wrong most of the time, you must remember that even if the system cannot be in place forever those at the top of it have all the tools to make it last as much as possible and it is only when they truly lose control of it when we begin to see the consequences of this.

This is what happened in 2008 when they lost control of the economy and the only way to stop a total collapse was for the governments to absorb the losses the bankers had at the time.

Even though they are wrong most of the time, you should use their prediction and advises as a guide and also a warning that there is a near financial crisis and we should be ready anytime. We should save money in order to be prepared when the market crashes because that is when we can buy a lot of cheap stuff and hold them until the market recovers and sell it on top.

[abhiseshakana]

Financial crisis always happens because of mismanagement of the government, lack of expertise from those who are handling economy, and most of all is due to corruption of the government officials, when this happen it is best to accumulate golds as this will be very cheap at that time. Let's be ready whatever will happen we should have some reserve funds in case of emergency.

Blaming various parties as the cause of the financial crisis is very easy, sometimes as individuals in a country, we also have a role to avoid even coming out of the financial crisis.

With the current neoliberal economic system, it seems that the financial crisis is not solely the result of problems abroad. The problem of the decline in the confidence of stakeholders, markets, investors and the public in the government contributed to the decline in the value of the currency. The existence of funds flowing abroad also occurs because there is investor mistrust of a country's economic fundamentals. For example, debt risk continues to increase, and fiscal management is not credible, which is reflected in the tax shortfall.

I think the financial crisis is something that cannot be avoided by a country because it is a mistake of the world's financial system. To fix it, it needs an extraordinary update. Damage to the world monetary order in general certainly requires a fundamental solution, not a patchwork solution. from my point of view and the reasons why the financial crisis is unavoidable because it is the result of an error/malfunction system.

- The world economic system uses the US dollar as a benchmark. In other words, America is an economic barometer, with this role it can export inflation and its financial crisis to other countries. The US dollar is a paper currency that is not guaranteed by a commodity that is worth (fat money). Thus, this currency can easily be produced by a country's monetary authority.

- The world financial system does not use currencies with intrinsic value, so there are no fixed standards. Fiat money has no intrinsic value so the exchange rate is subject to manipulation. Intrinsic value is the value of money based on the material used to make the currency. For example, money made from gold then the intrinsic value is equal to the level and weight of the gold contained in that currency. Likewise, fiat money whose intrinsic value is far below its nominal value. the use of gold coins as a single stable and standard currency creates a fair monetary system that runs in harmony with the real sector

[Wildwest]

We see that critically economically always comes anytime where everyone wants to build it by working hard to be able to meet the economic needs, fortunately I already have a few assets from the first time I collected and I save a little in the form of solid btc and altcoin for future assets, but unfortunately there are some who are just aware of the increasingly critical economic needs and just started to wake up, all of which causes the speed of time so fast even though the economy is unstable. we hope that in every country and government can overcome it in the future

[Mometaskers]

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.

It's not a matter of if but when, the economy just seem to have these cycles and we should just consider them to be part of living and prepare for them.

[Pearls Before Swine]

Op wrote his post about a year and a half ago, and there hasn't been a crisis yet.  I'm not saying that to criticize him at all, and in fact I think one is coming.  Obviously people were predicting it last year and probably since at least 2013 when the economy had recovered from the 2007-08 crisis.  The world is due for one, that's for sure.  But honestly I don't see the signs of one coming imminently.  Employment is pretty high, and the stock market is doing well...but sometimes you don't see them coming, and that's the scary part.

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.

Your second sentence is true as true can be.  It might be a good time to start saving some emergency money as well as some cash that could be used for investment if and when stocks and crypto start to crash.

[Mometaskers]

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.

It's not a matter of if but when, the economy just seem to have these cycles and we should just consider them to be part of living and prepare for them.

Observing the economical changes taking place around the globe and going through articles regarding prediction of finance experts, we can easily say that an economical crisis is coming our way.  Even if is not that near, still we cannot get rid of this problem on permanent basis. As you said, we must prepare ourselves for the worst. So it is suggested to invest in bitcoin now. This will save us from bad times.

And that's what I'm trying to do. I don't have much crypto to begin with and I'm avoiding spending them now. Main goal is taking advantage of a coming hike and to get more bitcoins out of it but I really doesn't hurt to have things covered just in case. Also saving less in banks, just enough for purchases and to maintain a credit card. If things get worse, all that money can go poof (inaccessible) not to mention only a small amount of it is insured by the government.

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.

Your second sentence is true as true can be.  It might be a good time to start saving some emergency money as well as some cash that could be used for investment if and when stocks and crypto start to crash.

Cash is good. Having some on hand can be useful once people start pawning stuff that you can resell for a profit once the economy recovers.

[BChydro]

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.
It's not a matter of if but when, the economy just seem to have these cycles and we should just consider them to be part of living and prepare for them.

The crisis is not a cycle you should expect every other decade, the policies that are run by big bankers are the reason for these turmoil even if it happens, only bad policies and bad decisions make a good economy to crash and you cannot blame it on any imaginary cycle that cannot be avoided. If you look at the global market there are many issues and there is a definite slowdown in the economy and we all know what happened in 2008 and we are expecting for the worst once again.

[enhu]

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.
It's not a matter of if but when, the economy just seem to have these cycles and we should just consider them to be part of living and prepare for them.

The crisis is not a cycle you should expect every other decade, the policies that are run by big bankers are the reason for these turmoil even if it happens, only bad policies and bad decisions make a good economy to crash and you cannot blame it on any imaginary cycle that cannot be avoided. If you look at the global market there are many issues and there is a definite slowdown in the economy and we all know what happened in 2008 and we are expecting for the worst once again.

I have happen many times in the past so it will happen once again. This time there is some an exit point which we own this time such as Bitcoin. During the past crisis, people suffer including the ones who has the money to survive. So far they all knew its going to come and right now they might prevent through  cryptocurrencies. Today we are already seeing the inclusion of crypto in the Foreign exchange market.

[BartS]

In the next one to two years, the US market is likely to collapse. Then we will see a new global crisis, but I do not think that bitcoin will grow at the time of a panic in the market, but most likely it will recover much faster and go up even higher than before.

Those predicting the market will collapse soon are wrong most of the time, you must remember that even if the system cannot be in place forever those at the top of it have all the tools to make it last as much as possible and it is only when they truly lose control of it when we begin to see the consequences of this.

This is what happened in 2008 when they lost control of the economy and the only way to stop a total collapse was for the governments to absorb the losses the bankers had at the time.

Even though they are wrong most of the time, you should use their prediction and advises as a guide and also a warning that there is a near financial crisis and we should be ready anytime. We should save money in order to be prepared when the market crashes because that is when we can buy a lot of cheap stuff and hold them until the market recovers and sell it on top.

I am aware of this so don't worry, if anything this is very similar to fundamental investing in which you can tell what direction the market is going to take you just do not know when that will happen.

The same is true here all of those claiming that there will be a huge financial crisis are correct in the diagnostic but they cannot really tell when it will happen because there are simply too many factors to consider to be able to give an accurate prediction.