Financial Crisis Will Come

[KingScorpio]

banksters threat the people basically like their money earning cattle,

[KingScorpio]

Merited for good observance of what is happening with the world.  
Love the last part.
Mutual funds, insurances and retirement funds. All of this had a larger risk even before.
We do not see it on news. That had been a question for me for a long time.
I have seen a lot of old people and their stories about how they went down just because of this.

First they say bitcoin is not real because it doesnt have a physical attribute. Why not go with gold then? They say it is too expensive?
So where will you go? Investment scams? HYIP? Pyramids?
All of those got no physical appearances also. It is just the owner who will profit from all the work of inviting more people.

Stop it. Go for the real one. Bitcoin is. Just look at how much it rise after a year. Then you can go withdraw if you want.

PS: Please. Not the banks.  

the next financial crisis will be about a bunch of retards, that created their own money and are looking now for stupid money earning cattle to enrich themselves privately,

the economy now will be systematically be focused on those that are being trusted, with many simply abusing trust.

[meusyou]

This is detailed and intelligent analysis of cyclical nature of the world economy. I'm lucky to be among the frontiers in cryptocurrency and would not need to bother about another global recession. The annoying thing is some of the rich knows and are silently preparing for it. This year 2018 makes it a decade since the last recession, another might be on the horizon. Only the observant would know and be prepared.

[ELEL_ELEL]

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!

Financial crisis is coming because of low volatility of bitcoin. All coins also is going down so we don't have salary to take forever r our needs it's really difficult now to have a hope on our token. We have nothing to do now but to wait for the price increase to our pay as bounty hunters.

[Baofeng]

Financial crisis are inevitable, it will come. But I think it won’t be in the near future

Lol. That's what the OP is trying to say to us, and give us warning because one day it will eventually come. So are you ready when it suddenly appear and plunge the world economy?

That's why Bitcoin is really a good thing to hold during that crisis, hedge against the worst situation that will come in our way. And remember, 10 years ago, this is the same thing that Satoshi witnessed that's why he invented bitcoin. So it only makes sense to use them in case of another global crisis.

[magneto]

A financial crisis, whether in the form of hyperinflation (or hyper-depreciation) of the fiat currency, or otherwise, is going to come eventually. Just because we're in a period of supposed stability, doesn't mean that all financial crises is averted altogether. But who knows when it'll happen. Could be months, or it could be decades.

You just need to be prepared financially, in my opinion.

And to me, I think bitcoin's the perfect hedge for this coming storm. Gold/silver are good hedges as history shows, but bitcoin is simply a more convenient and divisible version of those assets. If you're not investing in bitcoin, at least use it as a hedge for your other assets for an event of financial crisis.

[VentureHero]

Merited for good observance of what is happening with the world.  
Love the last part.
Mutual funds, insurances and retirement funds. All of this had a larger risk even before.
We do not see it on news. That had been a question for me for a long time.
I have seen a lot of old people and their stories about how they went down just because of this.

First they say bitcoin is not real because it doesnt have a physical attribute. Why not go with gold then? They say it is too expensive?
So where will you go? Investment scams? HYIP? Pyramids?
All of those got no physical appearances also. It is just the owner who will profit from all the work of inviting more people.

Stop it. Go for the real one. Bitcoin is. Just look at how much it rise after a year. Then you can go withdraw if you want.

PS: Please. Not the banks. 

This. They don't talk much about the current weakness of insurances, retirement and hedge funds.

[Tynovten_]

Sooner or later the crisis will happen. It has already been told by our religion when our religiously spoken leader comes up, then it will happen and this is nothing that can change. And the  blood fell in the crisis era can not be denied for the sake of the personal economy. I'm not sure bitcoin will survive in that era so I keep exploiting the existence of bitcoin at this time. The only investment that I will do sometime in the future, is gold investment.

[Kakmakr]

The nature of every crisis is cyclic and we should expect a new crisis in coming years, but don't you think that exactly crypto currencies may become a reason for new global financial crisis?

The reason for this is simple, they pump and pump.. until it cannot be pumped anymore and the small "circle of friends", will then exit before the collapse. <because they have the inside information, before it collapse> The other uninformed investors will then be the bag holders and the distance between the informed and the uninformed will just become bigger.

They want the collapse or correction, because that gives them the unfair advantage of having wealth <because they exited before the collapse> to invest and trade in the new upward growth in the economy. 

[tee-rex]

Merited for good observance of what is happening with the world. 

You can read that stuff at ZeroHedge nonstop 24/7. They have been crying wolf for a decade or so. Or how long have they really been online? Now and then, some random guy springs up here telling some part of their daily repertoire, and a lot of people are kind of surprised and praising them for "good observation of what is happening with the world". Dude, if you like that sort of things ("doom and gloom"), you should definitely visit ZeroHedge, they will fill you up and over.

Though I'm not sure if they like crypto very much.

[1Referee]

Sooner or later the crisis will happen. It has already been told by our religion when our religiously spoken leader comes up, then it will happen and this is nothing that can change.

I think you are talking about a different crisis than the crisis OP is referring to. It has not much (closer to nothing) to do with religion.

I'm not sure bitcoin will survive in that era so I keep exploiting the existence of bitcoin at this time. The only investment that I will do sometime in the future, is gold investment.

Bitcoin is digital Gold, and it will keep gaining adoption as being that. Completely disregarding my bias towards Bitcoin; it offers the easiest and fastest way to hedge a looming crisis and all of its other shitty side effects. It's impossible to ignore that.

I am doing quite some USD based business and from my position it is very important to have a strong Euro. In 2016/2017 there was a harsh period where the value of the EUR dropped significantly against the USD, which would have harmed my income at that time if I wasn't invested in Bitcoin. Instead of overpaying in Euro's, I managed to have everything settled in Bitcoin. Can you do that with actual Gold? 

[Herbys]

The crisis may begin at any time, the collapse of the Greek economy or the collapsed US pension system may give it a push.

[tee-rex]

I am doing quite some USD based business and from my position it is very important to have a strong Euro. In 2016/2017 there was a harsh period where the value of the EUR dropped significantly against the USD, which would have harmed my income at that time if I wasn't invested in Bitcoin. Instead of overpaying in Euro's, I managed to have everything settled in Bitcoin. Can you do that with actual Gold? 

And what makes you think that you can't make final settlements with real gold? Well, you personally may not be able to do that because you are too small a fish. But isn't this what big fish, that is countries like China, Russia, and others like them are doing anyway? We are told by the speaking heads that they are buying gold now and then, but how much do we really know about their gold purchases and what they are made for? Maybe, these countries are in fact just settling accounts between themselves in actual gold?

[Chint_82]

may this crisis be resolved and find a solution, even in a desperate state, there must be a way out to overcome it, and likewise with this, whether it be chaotic or slow will surely be overcome by finding a solution, keep the spirit

[ModGirl]

may this crisis be resolved and find a solution, even in a desperate state, there must be a way out to overcome it, and likewise with this, whether it be chaotic or slow will surely be overcome by finding a solution, keep the spirit

It will make it get vanish as it come and go but we actually now have learn a lot that how to deal with it, we are earning good amount of money with bitcoin it takes time but it become prefect, I think now a day bitcoin has helped people to overcome 90% of poverty and it has reduced the unemployment by giving us jobs and earning resources so financial crises are almost done.

[LeGaulois]

The financial crisis are a result of the politics applied by governments, central banks, and other institutions. Printing free money is not going to help an economy, it helps only the central banks. The banking system is based on trust but less and fewer people are trusting the banks. The problem is you can't live without a bank account. The bankers changed from doing a banking job to, doing a money collector job.

[Zachwolf]

Merited for good observance of what is happening with the world.  
Love the last part.
Mutual funds, insurances and retirement funds. All of this had a larger risk even before.
We do not see it on news. That had been a question for me for a long time.
I have seen a lot of old people and their stories about how they went down just because of this.

First they say bitcoin is not real because it doesnt have a physical attribute. Why not go with gold then? They say it is too expensive?
So where will you go? Investment scams? HYIP? Pyramids?
All of those got no physical appearances also. It is just the owner who will profit from all the work of inviting more people.

Stop it. Go for the real one. Bitcoin is. Just look at how much it rise after a year. Then you can go withdraw if you want.

PS: Please. Not the banks. 

It is only a kind of rumors that maybe can reduces the market of crypto currencies. Hopefully it will not happen even though BTC,ETH and other altcoins are still in low value.

[jaysabi]

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 seems a far more likely explanation is that people expect value to be able to hold perfectly forever and it doesn't. Money is a representation of the goods/services created and people take excess value and "save" it. The problem is that you cannot effectively save value because value erodes over time as a natural consequence of consumption and age. If you grow a bushel of apples and sell it for $50, and spend $40 and save $10 for the future, you're counting on $10 of value to be there in the future. The problem is that all the product that created that value is gone within a couple months at most. The apples are either consumed or spoiled. Now there's $10 of excess value in the world that has no corresponding real world equivalent. The loss of fiat value over time is a natural consequence of the fact that value cannot be stored indefinitely in this universe.

You see this same type of loss of value when debt is created and counted as both an asset in the future and consumed in the present. If you borrow money to start a business and your business is profitable, the value you created in the business is used to pay back the loan and the lender is richer and the economy is richer for having created new value. If the debtor defaults, the "value" of the future asset disappears for the lender and money disappears from the system as a logical consequence of the failure. In this same way, financial crises are like pressure valves that zap value out of existence when the amount of expected value gets grossly out of line with the amount of consumable value in the present. You cannot store more value than what can be consumed immediately in the present. It's a physical impossibility. Gold doesn't solve this and Bitcoin doesn't solve this. All they do is behave slightly differently because there's a mass consensus that they should, which is nothing more than a shared delusion. But as both gold and the dollar are nothing more than a confidence game, it works.

[1Referee]

And what makes you think that you can't make final settlements with real gold?

I probably should have stated that it were internet transactions and not actual face-to-face transactions.

But isn't this what big fish, that is countries like China, Russia, and others like them are doing anyway? We are told by the speaking heads that they are buying gold now and then, but how much do we really know about their gold purchases and what they are made for? Maybe, these countries are in fact just settling accounts between themselves in actual gold?

It happens everywhere. I have seen how properties locally have sold for Gold, but that was more to avoid tax hits since it pays off to have it settled in Gold instead of fiat. Governments dealing with each other in Gold bulk is pretty normal since there isn't anything else that enjoys more overall trust than this precious metal, especially when the level of trust between transacting governments is ultra low. I do however believe that at some point Bitcoin might start playing an important role here. It makes things much and much easier.

[onrise]

may this crisis be resolved and find a solution, even in a desperate state, there must be a way out to overcome it, and likewise with this, whether it be chaotic or slow will surely be overcome by finding a solution, keep the spirit

Things come and go as like after every night their is a day so somethings are just not in your hand. So only thing what you can do in such situation is taking some precaution so that atleast you are better even in the worst situation rather than crying about it.