Financial Crisis Will Come

[Sergio444]

I am glad that I don't have to hedge anything since a large chunk of my wealth is parked in Bitcoin already. I do hold a relatively small amount of gold as well, but I am not planning to add more in the coming years, unless the gold price tanks deep, but that's highly unlikely. In other words, I'm good. In most cases people will only act when it's too late already, which makes me feel sorry for them, but on the other hand it's their ignorance and unjustified trust in the regular economy making them lose out. We have been through so many economical difficulties, that people should have had a wake up call years ago already....

A true legend of bitcoin. I will not hold much wealth in bitcoin compared to gold. Probably balancing them is much better. 50:50. But I guess you know what bitcoin has done for you that is why you prefer to hold your wealth in bitcoin. Currently, the price of bitcoin is dwindling, and I can imagine the amount you are losing now. Recently, my friend lost 93 bitcoins because his hard drive crushed.

[Skyenet]

Most predictions are quite reasonable but we should remind ourselves that history is not always moving cycling, so the things which were true for the previous generations are not unavoidable for us, sometimes we can avoid those.

[South Park]

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!

Tremendous analysis, to this I will add that the system is designed to allow those at the very top to earn a lot of money and to never lose and since in the market someone has to lose then that means that the rest of the population plays with a different set of rules stacked against them, the problem of that design is that it makes it frail and prone to crashing while the system should be designed to be more resilient.

[bombie1]

Well ,a lot of analysts continue to predict doom for the financial industry.The predictions are  many now and its hard for one to determine what to even do or which option to choose there is no good news at all.

[genuin]

this may be known to everyone in his country. Everything you say based on data is also likely to occur because each country has been lined into the system created by the authorities. Then what can we do to avoid that?

[Vaculin]

Most predictions are quite reasonable but we should remind ourselves that history is not always moving cycling, so the things which were true for the previous generations are not unavoidable for us, sometimes we can avoid those.

I agree.It's not possible  that history will always repeat itself.There are some things that will likely to occur with the present year that never had happened in the previous year.So if we face tough times with the previous years,i'm sure it has high chances that it will change today.Just keep on fighting for your faith.

[elpiji]

Most predictions are quite reasonable but we should remind ourselves that history is not always moving cycling, so the things which were true for the previous generations are not unavoidable for us, sometimes we can avoid those.

I agree.It's not possible  that history will always repeat itself.There are some things that will likely to occur with the present year that never had happened in the previous year.So if we face tough times with the previous years,i'm sure it has high chances that it will change today.Just keep on fighting for your faith.

history is not to be feared but as a learning to overcome problems in the future, I strongly agree with you that we will be able to overcome it now, and I am also sure the financial crisis will not occur

[Hatuferu]

Most predictions are quite reasonable but we should remind ourselves that history is not always moving cycling, so the things which were true for the previous generations are not unavoidable for us, sometimes we can avoid those.

I agree.It's not possible  that history will always repeat itself.There are some things that will likely to occur with the present year that never had happened in the previous year.So if we face tough times with the previous years,i'm sure it has high chances that it will change today.Just keep on fighting for your faith.

history is not to be feared but as a learning to overcome problems in the future, I strongly agree with you that we will be able to overcome it now, and I am also sure the financial crisis will not occur

Financial crisis is something that will really happen no matter how hard we try to stop it but instead of seeing it as a problem,make it as an encouragement to do better the next time so we can gain a fruitful rewards too.

[Grayy]

It will be quite interesting to see renowned economists eating back their own words when bitcoin becomes the currency to save the world from any economic crises. It's only advisable that you grab more BTC while you can.

[Acsirp]

In the world of business and other investments , your is to target the highest pfrofit as much ad you can that is why you are working so hard for it to achieved this goal but in the other side there will time that your business or investment can feel a financial crises this could come anytime so you will look into where does this problem came from and make solutions to it.

[MidKnight]

Most predictions are quite reasonable but we should remind ourselves that history is not always moving cycling, so the things which were true for the previous generations are not unavoidable for us, sometimes we can avoid those.

I agree.It's not possible  that history will always repeat itself.There are some things that will likely to occur with the present year that never had happened in the previous year.So if we face tough times with the previous years,i'm sure it has high chances that it will change today.Just keep on fighting for your faith.

Yes and the question is; are you one of those people that will experience it? If you are just an average individual then it is automatically a yes. Rich people aren't really affected by this financial crisis at all. They might lose some money but they still live like a king. We, poor people are only the victims of this crisis.

[squog]

I've read somewhere that an economic crash is needed or is even happening on a regular interval much like a cycle. Then again, im very new to the concepts of economics to even know anything technical about it. What i know is that when the economy crash, it will affect me and i hope that my holdings in crypto currency could keep me afloat better yet make me thrive on the situation. 

[John_Davis]

I am glad that I don't have to hedge anything since a large chunk of my wealth is parked in Bitcoin already. I do hold a relatively small amount of gold as well, but I am not planning to add more in the coming years, unless the gold price tanks deep, but that's highly unlikely. In other words, I'm good. In most cases people will only act when it's too late already, which makes me feel sorry for them, but on the other hand it's their ignorance and unjustified trust in the regular economy making them lose out. We have been through so many economical difficulties, that people should have had a wake up call years ago already....

A true legend of bitcoin. I will not hold much wealth in bitcoin compared to gold. Probably balancing them is much better. 50:50. But I guess you know what bitcoin has done for you that is why you prefer to hold your wealth in bitcoin. Currently, the price of bitcoin is dwindling, and I can imagine the amount you are losing now. Recently, my friend lost 93 bitcoins because his hard drive crushed.

Me too. I wouldn't put it all in one basket because these things can happen. Bitcoin is also vulnerable to loss, technology can be unreliable at times, there can be failures, etc. It's also hard to wait for Bitcoin to reach spending levels again sometimes so it helps to have something else that can be sold if needed. I always look to see what made the most profit if I need to sell something, and I circulate things that have made a healthy profit. I'd also keep some fiat in stocks, bonds, or other things as well, just because it is still commonly used. Sure, it may not be something we like to use, but it's the way society functions... for now.

[NevejElad]

When we join bitcoin investment one thing in our mind is profits and gain ,but for this it will be realized because you invest for you want in return, but there will be time that your investment can feel financial crises in your investment but not to worry for you will overcome it in the next days.

[shawn995]

I am happy that I don't need to support anything since a huge lump of my riches is stopped in Bitcoin as of now. I do hold a generally little measure of gold too, yet I am not wanting to include more in the coming years, except if the gold value tanks profound, however that is exceedingly impossible. At the end of the day, I'm great. As a rule people will just act when it's past the point of no return as of now, which influences me to feel frustrated about them, yet then again it's their obliviousness and unjustified trust in the normal economy influencing them to miss out. We have experienced such huge numbers of conservative challenges, that individuals ought to have had a reminder years prior as of now.

[embargo]

Every day we are approaching dramatic events, which history did not know yet. The collapse of financial markets will be so large that it will affect all countries. It will be the collapse of the world economy, the collapse of the financial system of debts.

[South Park]

Every day we are approaching dramatic events, which history did not know yet. The collapse of financial markets will be so large that it will affect all countries. It will be the collapse of the world economy, the collapse of the financial system of debts.

It is going to happen but what we do not know is when that is going to happen, it could happen in the next years or in the next 100 years, governments and banks are so good at hiding the truth from the people that the people are unable to react to it and every time there is a crisis as big as the one you are suggesting instead of going back to something like gold the system gets even worse for the majority of the people

[jack wira]

Dulu semasa saya berdagang terus di timpa krisis moneter atau gejolak ekonomi yg sangat hebat.. pertanyaan nya masih mungkin kah moneter itu terulang lagi.. ane rasa intu mustahil karena para pelaku ekonomi sudah sangat tepat untuk meng anti sipasi.

[atorle]

Doom's day financial apocalypse. The world will be in turmoil very soon if the government does not stop print more papers as money with nothing to back it  than the trust that is failing

[atorle]

It will be quite interesting to see renowned economists eating back their own words when bitcoin becomes the currency to save the world from any economic crises. It's only advisable that you grab more BTC while you can.

It will be actually, we see them say all sorts of things as if they know it all and that every other person is ignorant