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Author Topic: Global financial crisis  (Read 1424 times)
Cristopherus (OP)
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August 07, 2018, 10:23:34 AM
 #1

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?
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August 07, 2018, 10:45:27 AM
 #2

I doubt if one can predict the exact year of a global financial crisis. What will happen is they will be events that will take place that will gradually lead us to a financial crisis that by the time they will be an actual crisis, we would not even need a crisis forecast to inform us. Are these events already happening? Yes, of course!
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August 07, 2018, 11:11:10 AM
 #3

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
During the great depression there wasn't any safe heaven asset that will maintain a stable price.
The big crysis will first hit countries like Italy,with their huge goverment debt and problematic banks.

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August 07, 2018, 11:26:01 AM
 #4

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

We dont  know  how long  we  have  until the  next  crisis and  what  market will do . Actually  its a good timing for correction on stock market but  maybe  they  gonna  choose to create a  Bubble and  tozemoon for  more years ....  Personnaly  i  dont  experct anything,  i  just  read charts  everyweek , wait and  see ^^ 
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August 07, 2018, 11:31:44 AM
 #5

Yes, I have the same opinion like you, but I think it come soon, exactly I think it will happen in the next 1 - 2 year.
I feel very bad about trade war between American and China and we have spent 10 years since the last economic crisis in 2008 (
period of 10 years of crisis). Anyway, we have to face to the next crisis, I hope this is a good time for developement of CryptoCurrency Smiley
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August 07, 2018, 11:37:26 AM
 #6

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

Its a guessing game. No Idea, but one thing we do know, it will happen, and it will happen big.
People are in more debt then ever before because credit is so cheap, and when crap hits the fan, hopefully the money flows out of traditional markets into the crypto space for those trying to make up losses.
LeGaulois
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August 07, 2018, 11:40:51 AM
 #7

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
During the great depression there wasn't any safe heaven asset that will maintain a stable price.
The big crysis will first hit countries like Italy,with their huge goverment debt and problematic banks.

Italy alone can create the crisis The country is on the way to get like Greece. While they borrowed money from Europe, Europe doesn't have enough funds to save Italy. It could destroy the European Union (economically I mean). If it happens I am sure we will some Brexit forks. When everything is going well everyone is dancing but when a major problem comes they all leave the boat.

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airdropwwani
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August 07, 2018, 11:43:44 AM
 #8

If history is to repeat, the crisis surely comes. Moreover, it will happen suddenly when its never considering crisis. Because, if it can be predicted, it is not a crisis.In other words, my opinion is that the next financial crisis is when an event beyond human prediction has occurred.
audaciousbeing
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August 07, 2018, 11:54:13 AM
 #9

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

Global financial crisis is too broad to have been explained based on the factors that you have explained up there. If the factors you listed are anything to go by, it has to have involved virtually all the countries of the world for it to trigger a global financial crisis. On the issue that banks are feeling too safe, I will have to differ because banks over here have not been any tighter than before. Aside the from the various technological advancements that they have been deploying over time, the regulation has not be loosened rather its more and more ensuring they are on their toes by the Central government. They now ensure before loans are given out, the human relationship factor has been regulated to the background and I believe this is applicable to some other countries of the world.

Concluding that we are in the period of boom is definitely out of it because as some countries are witnessing boom which I can't substantiate, quite a number of countries are currently in economic quagmire and struggling to come out of it, inflation is dealing with others, foreign exchange for others, foreign sanctions on some others, trade wars on other countries and even in crypto, this period would be agreed to be other than boom. And if we are really in such situation, it does not amount to people seeing cryptos and gold as the next alternative.

The time to face the next crisis to me, is not anywhere close by.
RockBar0
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August 07, 2018, 11:59:49 AM
 #10

I doubt if one can predict the exact year of a global financial crisis. What will happen is they will be events that will take place that will gradually lead us to a financial crisis that by the time they will be an actual crisis, we would not even need a crisis forecast to inform us. Are these events already happening? Yes, of course!
If this global crisis happens, then what is the market going to do? Then it will drag on other sectors of the economy to be affected. This will make new and inexperienced investors puzzled. But if this is a warning, people need to keep up their psychology, prepare for their backup plans. Especially preservation of property.
nicster551
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August 07, 2018, 12:05:27 PM
 #11

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

I don't know and I don't want to know. I hope that when that time happen I hope that I am dead already so that I could not experience any of that.
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August 07, 2018, 12:23:36 PM
 #12

There have already been several shocks[1], and the world has been able to control it, so I do not expect a global economic crisis was leading to the collapse of the entire financial system.
A breakdown may occur for some individuals, banks, large corporations or even countries, so diversification of the economy is the only way to avoid bankruptcy.
Gold[2] and cryptocurrencies[3] considered as an alternative economic pattern of the current system, so if there is a global crisis will be offset by a wave of rising/falling of other systems.
So far cryptos have not gained sufficient confidence as a guarantor of value, so it is better to invest in gold.

[1] https://en.wikipedia.org/wiki/Financial_crisis
[2] Macro-factors on gold pricing during the financial crisis
[3] How Would a Financial Crisis Affect Cryptocurrencies?

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August 07, 2018, 12:33:39 PM
 #13

I do not understand about kakoy the new crisis is at issue in such posts. As far as I understand the 2008 crisis is not gone. The structural problems of the world economy are still being mitigated by the growth of some markets (such as the smartphone market and crypto for example), but the fundamental problems remained the same.

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August 07, 2018, 12:47:06 PM
 #14

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?
Since 2007 almost no country has reported a decrease in the debt to GDP ratio. Debt which includes Government debt, corporate debt and household debt increases significantly. Some people who think of moving on bitcoin are increasingly hoping to improve everything, and as a result they have changed drastically in terms of an economy that is proven that bitcoin is very helpful.
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August 07, 2018, 01:05:24 PM
 #15

The small crisis in another country i think have been done because for buy and to be eat everyday is very difficult
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August 07, 2018, 05:44:03 PM
 #16

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?
I think that in some parts, this global economy crisis will be positive thing for us because it can continue with the world understanding that cryptocurrency is a new path for them. Economy needs to be evolved.
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August 07, 2018, 06:29:56 PM
 #17

What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
If all fiat currencies start imploding, people will seek to dump money in that what they can use as a medium of exchange. Considering that Bitcoin is a far better medium of exchange than Gold, especially with smaller amounts, it's pretty easy to know where money will flow into.

During the great depression there wasn't any safe heaven asset that will maintain a stable price.
It's not about stable prices. It's about dumping your wealth into an asset that doesn't lose the majority of its value, and Bitcoin won't lose its value. If even 1% of the total world money supply ends up in Bitcoin, we'll see prices you can't even dream of right now.

In Iran there is currenty a crisis going on where the Rial has lost around 75% of its value in a short period of time. It's time for people to start hedging their fiat currencies by converting a certain part of their wealth to Bitcoin. Better safe than sorry.
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August 07, 2018, 06:59:03 PM
 #18

In fact losing money is not a big deal for the super rich, being rich having lots of money involves lots of risk and that does not end so those who are not rich should care about that.
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August 07, 2018, 07:18:00 PM
 #19

There have already been several shocks[1], and the world has been able to control it, so I do not expect a global economic crisis was leading to the collapse of the entire financial system.
A breakdown may occur for some individuals, banks, large corporations or even countries, so diversification of the economy is the only way to avoid bankruptcy.
Gold[2] and cryptocurrencies[3] considered as an alternative economic pattern of the current system, so if there is a global crisis will be offset by a wave of rising/falling of other systems.
So far cryptos have not gained sufficient confidence as a guarantor of value, so it is better to invest in gold.

[1] https://en.wikipedia.org/wiki/Financial_crisis
[2] Macro-factors on gold pricing during the financial crisis
[3] How Would a Financial Crisis Affect Cryptocurrencies?

An entire collapse is unlikely with the system that we've built up. It's so intricate that it could never completely fall apart, it would just have to be restructured. Worst case scenario a "bail in" where tax payers rescue corporations... again.

Gold doesn't necessarily gain value during a crisis. It spikes during times of high risk, along with Franc, Yen, and (now sometimes) Bitcoin. It gets monkey-hammered by major banks though so never retains value. And it doesn't carry interest, so isn't that popular for institutional investors. That's not to say you shouldn't buy it, I always make sure to have some gold hanging around. Just don't expect it to skyrocket.
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August 07, 2018, 07:55:08 PM
 #20

If you know how the world works, our great leaders will do all they can to keep the economy going, even if it means sacrificing some of the population. What revives the economy? War. It helped Germany when it was in a crisis, it gave people a purpose. The pattern is always the same:
1. find a scapegoat (the Jews, the Vietnamese, the Iraqis)
2. use the media to set people against them and justify military action
3. attack and watch the industry kick in
4. steal what you can from the country
5. count the profits.

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