Financial Crisis Will Come

[ylnar123]

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

Fine for us is to be ready for it, no matter, when it will come. If you would think about it before it will happen and prepare yourself for it, you will survive!

Correct, preparing for the the worse to come may help save you from the upcoming crisis ( if there is ). We should have plan for ourselves on how we can survive if there is crisis in the economy.

[Yakamoto]

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

Fine for us is to be ready for it, no matter, when it will come. If you would think about it before it will happen and prepare yourself for it, you will survive!

Correct, preparing for the the worse to come may help save you from the upcoming crisis ( if there is ). We should have plan for ourselves on how we can survive if there is crisis in the economy.

The best way to be prepared for a global economic crash is to have all of your basic needs taken care of, meaning that you either have cash to buy food (but more than likely needing something else since the value of a currency can drop dramatically) or you have a stored supply, along with all of your other necessities such as utilities, mortgage/rent, whatever else, able to be paid over a long duration. It's even better to not have any asset expenses and to have a bunch of cash on hand, since you can buy everything cheap when it goes down the toilet. But that has its own risks, and making sure you have a roof over your head and food on your table, consistently, must be your priorities.

[Supreemo]

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

Fine for us is to be ready for it, no matter, when it will come. If you would think about it before it will happen and prepare yourself for it, you will survive!

Correct, preparing for the the worse to come may help save you from the upcoming crisis ( if there is ). We should have plan for ourselves on how we can survive if there is crisis in the economy.

The best way to be prepared for a global economic crash is to have all of your basic needs taken care of, meaning that you either have cash to buy food (but more than likely needing something else since the value of a currency can drop dramatically) or you have a stored supply, along with all of your other necessities such as utilities, mortgage/rent, whatever else, able to be paid over a long duration. It's even better to not have any asset expenses and to have a bunch of cash on hand, since you can buy everything cheap when it goes down the toilet. But that has its own risks, and making sure you have a roof over your head and food on your table, consistently, must be your priorities.

,in short you must be prepare for survival when the time comes, aside from that nobody could tell when it will strike or it will happen, and although you are prepared as much as you have, there will still be some consequences but that is fine because from time to time it will not be that big enough to be your major problem when it happens.

[slashz9]

the financial crisis will always be from year to year, depending on how we deal with it, there is some in this world that even to get water alone is difficult, while the other part is very abundant. who can be blamed?
of course no one wants to blame, the powerful person of course has the power to save himself, every country in crisis will of course fall apart, so people race to buy assets like gold, silver, and the last crypto that can prevent that happening when the crisis occurred.

[bluered]

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

Well in my opinion financial crisis will not come depends on how people manage their financial budget. It people know and knowledgeable about the technique of managing it properly crisis in the future wont happen.

[BeGoods]

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

Fine for us is to be ready for it, no matter, when it will come. If you would think about it before it will happen and prepare yourself for it, you will survive!

Correct, preparing for the the worse to come may help save you from the upcoming crisis ( if there is ). We should have plan for ourselves on how we can survive if there is crisis in the economy.

Yeah the financial crisis could happen, even the crisis ever hit a big country like US so that their currency is depreciated up to a few percent. the financial crisis could happen in your country and you should be prepared for it. will probably make your currency dinger inflation. then make a preparation for it, possibly you can make back up funds in such as in gold, real estate, etc that are not affected by the crisis and inflation..

[Shadon24]

When John Taylor began to recollect the years leading up to the financial crisis, his rage raged again. The economy will sometimes fall into a state of crisis and they will be restored to the storm of their development.

[cyberkuto]

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!

Definitely it will come,  but not near future,  it could be thousand of years and no one knows when the exact time.  It will only starts once all resources have been gone all over the world and war could be triggered resulting of Financial crisis. 

[tee-rex]

It's almost too good to be a coincident that as soon as the world started using fiat based currency, or currency that was able to be issued on fractional reserves, financial crises around the world started happening at a much faster pace.

That's simply not true. Before WWI there was a never ending succession of economic crises in industrial countries like US, Germany, England, etc which were all on gold standard then. It can be said that the war itself was an inevitable outcome of this economic dead end.

The gold standard period was not free of crises (as the OP states,) but the 'fiat money period' since 1971 has been the most financially unstable period in the modern age, with the possible exception of the period before and during the Great Depression.

I have to disagree with that. If we take developed countries, that is the countries with more or less sane economic and financial policies as with fiat it is easy to shoot off not just your foot but your head as well, the crises since 1971 have been nothing in their scale and effect compared to crises which happened in the second half of the 19th century and first half of the 20th. The past crises ultimately led to a devastating world war (two wars actually, but the second one was a continuation of the first). It could be said with a lot of reservation that we are living in a kind of permanent crisis, I somewhat agree with that, but it is shallow anyway and doesn't have the catastrophic consequences of the earlier ones.

I will deal with the rest of your post a bit later.

[baconlike]

Financial Crisis Will Come are the rules of the economy such as wanting a beautiful spring, we will spend the winter cold or want to have green plants have to go through the leaves to grow green

[soname12]

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

Indeed, the financial crisis is taking place in many countries. And the financial crisis e-money is also coming to us. We should take measures to overcome the financial crisis at this moment

[Falmera]

Financial crisis will always be here, though not in all parts of the world but at some point, you will still see poor and struggling countries, as long there is a corrupt system this will never change, I am not against any religion or thpe of government, but if you take a look at the golds of vatican, buddhists, once they sell it all, you can help a dying nation, if we check on Venezuela, the country used to be rich back then, but now it is falling apart, however its neighboring countries aren't,  I think this is what will happen once every nation experience financial crisis at the same time, thos who are in power, politically, socially and religiously will be the one that will survive financil crisis, and the rest will be left out, fortunately for us, we already know crypto currency and it will save us once things like it happens.

You are indeed correct. Financial crises and other problem relating to economy are most of the time a result of some selfishness of those who are in the position or those who habe great power in manipulating the place or society. It is indeed in cryptocurrency the freedom from all of them.

[susila_bai]

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

Indeed, the financial crisis is taking place in many countries. And the financial crisis e-money is also coming to us. We should take measures to overcome the financial crisis at this moment

E-Money financial crisis you mean online business then i think it is true because they are showing that they are running profit but inside they are in deep crisis and only surviving on the manufactures default list. If you properly see then only some big names are surviving and other are dying and this big names (Whales) are starting to buy back them. But very soon just like 2008 banking financial crisis came same way another financial crisis is awaited.

[Godexists]

Well for me financial crisis will not come  that is depends on how people manage their financial budget. it is about people making their choices under conditions of scarsity and uncertainty in our daily lives. if people will know and knowledgeable about the technique of  financial managing it properly financial crisis will never happen.

[SirLancelot]

Its possible that there will be financial crisis but I know we can overcome those challenges and can still hold and stand.We just need to prepare everything to overcome all struggles.

Such financial crises always have been a part of history. It really doesn’t matter whether the country is developed one or developing, financial crises always hit every country and every society.

It has to come at any time so better is to prepare yourself for the best thing to handle. You must be ready to tackle every disturbing situations and for that you need to be educated about this world.

[jorgelugra]

New government departments will be set up that will regulate crypto-currencies and prepare new bills. As a consequence, this will lead to a new wave of popularity bitcoin and altcoins with a clearly stated benefit

[tee-rex]

Yeah the financial crisis could happen, even the crisis ever hit a big country like US so that their currency is depreciated up to a few percent.

This is not a financial crisis. Any modern fiat currencies, even the ones of most developed countries, depreciate a few percentages annually. Does it mean that we are living in a state of a never-ending financial crisis? If so, doesn't it mean we can no longer call it a crisis? To me, crisis means going from good to bad or from bad to worse, abruptly and strongly, definitely not something which is here to stay for years to come.

What we consider as economic crisis today has little in common with what happened in that day and age, with thousands of people literally starving to death in the streets.

IMO the reason why the effects of financial crisis were worse in those days was that the elites could get away with it.  In 1931 the Fed just did nothing and watched banks fail across the world (including the US) and the economy dive into the worst part of the Great Depression.  Ben Bernanke 'apologized for the mistake,' but the objective fact was that the massive deflation reduced the degree to which the dollar had to be devalued against gold, and helped support the system in more ways than one.

I don't think so. The Fed didn't actually do nothing. Let's not forget that it was the time that the Federal Reserve Notes came about, which are now known as the American dollar. The true dollar which was fully redeemable with gold ceased to exist soon thereafter. Let's not forget either the confiscation of both metal gold and gold certificates in 1934. In this manner, you can't say that the Fed did nothing. They may in fact have been too late to react but this is certainly not because of "the elites could get away with it". They just lacked required knowledge and understanding of the situation.

The only difference today is, democracy is stronger, and the elites can't go that far any more.  The election of nationalist populists across Europe and America just now shows that people will not take pain lying down, whether or not they understand what is really the problem.

Do you really believe in this yourself? It is kind of accepted truth that the level of democracy in the US has been declining steeply over the last few decades (since Reugan times).

If the shit hits the fan in earnest throughout the world, cryptocurrencies will be worth next to nothing. People simply don't know what real crisis and economic meltdown means in practice as they never saw the one (in developed countries, at least).

When the shit hits the fan, most likely cryptos will be worth a lot more.  The reason is that, one way or another, the elites will have to devalue state money against non-state money to inflate away the debt, plus keep life more or less comfortable, plus keep their state money stable, at the same time.

So far it is cryptos which are going down, even without any serious financial crisis knocking on the door.

[mickeybuddy27]

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

Fine for us is to be ready for it, no matter, when it will come. If you would think about it before it will happen and prepare yourself for it, you will survive!

Correct, preparing for the the worse to come may help save you from the upcoming crisis ( if there is ). We should have plan for ourselves on how we can survive if there is crisis in the economy.

There will be no crisis when we are ready and prepared for the future. Everyone will survive when they know how much to save for them to support all the needs in the near future. Price of own local currency has lessen value when exchange in dollars. From today, make money change in fiat that will increase much because of their good economy.

[tbterryboy]

In 2 to 3 years time another crisis will come and at that time the crypto currency will flourish again with new all time high prices.

I think if fiat currencies will fall in value due to the upcoming crisis you predict, then high prices for crypto will be unavoidable, but that's not what we expect from crypto in general. What we expect is that the price of the most established coins in USD will rise while the purchasing power of USD will remain the same. Only this process we can call rising in the real sense of the word. Otherwise it will be just monetary depreciation of fiat currencies.

Things are quite unpredictable as no one is sure about what will happen in the future and that things have become more interesting because of the crypto currencies as now people have one more choice. To save yourself from any kind of financial crisis, the best thing which can help you is to go for saving some money by investing the money at the right place and that you need to prepare yourself for the worst.

[BobK71]

The gold standard period was not free of crises (as the OP states,) but the 'fiat money period' since 1971 has been the most financially unstable period in the modern age, with the possible exception of the period before and during the Great Depression.

I have to disagree with that. If we take developed countries, that is the countries with more or less sane economic and financial policies as with fiat it is easy to shoot off not just your foot but your head as well, the crises since 1971 have been nothing in their scale and effect compared to crises which happened in the second half of the 19th century and first half of the 20th. The past crises ultimately led to a devastating world war (two wars actually, but the second one was a continuation of the first). It could be said with a lot of reservation that we are living in a kind of permanent crisis, I somewhat agree with that, but it is shallow anyway and doesn't have the catastrophic consequences of the earlier ones.

I will deal with the rest of your post a bit later.

Remember, we're mainly talking about the top of the world system here.  This means the UK pre-WWI, and the US after that.

The UK was free of major crises from 1866 to WWI, with the exception of 1890, and even then the real pain was tolerable.  The US had no central bank before WWI, and so was not at the top of the world system, and so crises were more severe.

The outbreak of WWI has no agreed-upon causes.  What agreement there is, is certainly not financial crises.  But my theory is that Britain wanted to fight WWI because its gold-standard bubble was too fragile by this point and had to be transferred to the US and not to Germany.  In this sense, there is a connection.