Putin warns of financial crisis the world ‘has not yet seen’

[darkr]

Bitcoin was created in the wake of the 2008 financial crisis... so does that mean that people will flock to cryptocurrency if there's another one?

It seems that is the case tat is gonna happen if the economy collapses but not all of the money goes to crypto I guess, there is also other traditional investments. Putin was saying that current rules just won't won't anymore and it has to be broke but he did not say we should be making crypto as a solution at all. When that time happens, I guess the normal people would be more affected, they should be opening their eyes by now or else it will be to late for them.

I think the whole world is living in the situation of a "silent crisis". If we do not take into account certain countries like Syria and Venezuela, where the real horror is going on, the other ones suffer also a lot.

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[salty]

From what i am read in online media, many expert predicting 2019-2020 is hard year for many country in the world. Economic crisis could happen and its bigger than 2008. Trade war between US government and China government still not finding a solution and i think thats increasing crisis risk.

Hard times are coming not only in many countries of the world but all over the world.China and America will play a leading and major role in this crisis.I hope the cryptocurrency will help solve all the problems.

[DigitalCyberius]

There are alot of what they call unforeseen events that happened already. You can look at how Kim Jong Un met his 'friend' US President Trump in the last months. We don't even know 'what the two are talking about'. It may either mean anything right now, but mostly it can mean anything that will decide what the world and their countries will run its path. For now, we have to worry about how these people will affect the economy.

Lol, we know they talked about de-nuclearization or at least chilling out a bit, notice North Korea stopped their nuclear and missile tests and stopped threatening all its neighbors (which could have easily triggered a world war scenario), and they likely also talked about the possibilities of economic relations if they could chill out and be workable. Guess who else met with Kim as a result of him meeting with Trump? The current president of South Korea. The two current presidents of North and South Korea finally met for the first time, and I heard they met again as well. Did you see the promo video President Trump showed Kim? It's all about economic opportunity.

Have a good day,
The Cyberius team  

[emmybd]

I totally agree with Putin, he is right. The way American President Trump has been taking protectionist measures and imposing unilateral restrictions, I believe we are heading to complete economic chaos.

[senin]

I totally agree with Putin, he is right. The way American President Trump has been taking protectionist measures and imposing unilateral restrictions, I believe we are heading to complete economic chaos.

Putin is awaiting a military tribunal as a war criminal. Now Russia is stubbornly seeking to unleash a third world war. The so-called unilateral measures, that is, the sanctions of 28 states of the European Union, the USA, Canada. Japan and other states are only the smallest retaliatory measure that the world community is obliged to apply if it wants to live according to the previously established rules, and not watch how Russia is trying to create its empire by attacking neighboring states and seizing their territories by military means. There is no excuse for such actions. It would be nice not only to introduce economic measures against violators, but also directly introduce international military forces into the country of the aggressor. For the world at large, this would be the least evil.

[eternalgloom]

What I am worried about now is that the financial crisis that led to the Third World War may be very cruel. This is not impossible.

I hope I'm not still around when that happens.  WW3 will probably be the end of most of the population.

Seems very unlikely that that will happen. It would be more likely that wars would be fought out on foreign battlefields as proxy wars.
Although, it is quite eery to think that nuclear war has actually almost broken out in the past, can't discount human error or just shier stupidity.

All I'm saying is that the chances of WW3 breaking out purposefully are very small.
But yeah, some random event could always trigger it.

[Barbut]

What I am worried about now is that the financial crisis that led to the Third World War may be very cruel. This is not impossible.

I hope I'm not still around when that happens.  WW3 will probably be the end of most of the population.

Seems very unlikely that that will happen. It would be more likely that wars would be fought out on foreign battlefields as proxy wars.
Although, it is quite eery to think that nuclear war has actually almost broken out in the past, can't discount human error or just shier stupidity.

All I'm saying is that the chances of WW3 breaking out purposefully are very small.
But yeah, some random event could always trigger it.

Wars would be fought on foreign battlefields? Can you elaborate that please!? Like you will be safe in some country, but in some country there will die many innocent people, but its not matter as long as some people are safe, in some countries?
Wars starts cause of the money, new financial crisis is something that will happen I`m sure in it, cause this current economy model is broken. I cant wait for new crisis to happen, that will be a wind in the back for cryptocurrencies. I think we ordinary people of the world need to unite against governments and corporations that create was for their profit, only way to really accomplish that unity is trough cryptocurrencies. Long crypto, short the bankers.

[Kakmakr]

You often have to question the success of most of these sanctions, because most countries have already found ways to circumvent these sanctions and they flourish in spite of that. You only need one or two countries to say NO to these sanctions and then you have a backdoor into international markets for their goods.

The US sanctions is a political ball that are being played to protect their own local markets and to force their political enemies to play by their rules. We are already seeing reports that Bitcoin and other Crypto currencies are being used to bypass international Bank payments. <Bitcoin is borderless and cannot be used to stop people from paying for goods and services in instances like this. >

[Snaic]

It seems that Putin simply once again threatens the world, and is absolutely far-fetched. How can international sanctions against Russia cause a global economic crisis? The global economic crisis threatens only Russia for its aggressive piracy actions against its neighbors. This is the usual and generally accepted practice of the world community to pacify the aggressor, which for some reason Putin calls unilateral actions.
Almost all of these international sanctions against Russia are connected with the attack on Ukraine and the seizure of its territory, the conduct of direct and hybrid war against it.

[el kaka22]

I totally agree with Putin, he is right. The way American President Trump has been taking protectionist measures and imposing unilateral restrictions, I believe we are heading to complete economic chaos.

But, we are facing economic crisis all over the world for last 100 years that resulted with some places not finding food for themselves.

Whole nations bankrupted and needed to be saved, there have been financial crisis where people left their countries. Even the whole trouble in Arabic countries was caused by the wealth gap where poor became way too poor, you may not heard or seen what happened there before the wars started but check out Yemen right now where people eat grass because they can't find food then you will realize why wars happen.

Nobody with sanity would continue to live eating grass and leafs while the wealthy have big meetings in luxury hotels, of course they rebel. So, all it comes to the fact that we have seen horrible financial crisis all around the world already and there is no more "has not yet seen" levels because as soon as it reaches those levels the poor become too hungry to continue accepting their faith.

[Tylev]

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said. “The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.

https://www.rt.com/business

Very interesting. Putin is outraged that he is not given the opportunity to rob and kill the inhabitants of neighboring states with impunity? He is not allowed to engage in "achieving economic advantages" by military invasion of Georgia, Moldova, Ukraine, which once belonged to the USSR. and now declared their independence? This stupid and irresponsible policy of Putin inevitably leads Russia to an economic and political collapse. Inevitably, it will inevitably have to pay and pay for all the evil, apparently, the people of Russia, who are now mostly silent, will have to pay.

[Adriano2010]

Possible he is right, but the main reason for financial crisis  is made from political people because they mostly make bad decision and affect whole population, but i think a new economy crisis will not come.

[CryptoBry]

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said. “The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.

https://www.rt.com/business

Very interesting. Putin is outraged that he is not given the opportunity to rob and kill the inhabitants of neighboring states with impunity? He is not allowed to engage in "achieving economic advantages" by military invasion of Georgia, Moldova, Ukraine, which once belonged to the USSR. and now declared their independence? This stupid and irresponsible policy of Putin inevitably leads Russia to an economic and political collapse. Inevitably, it will inevitably have to pay and pay for all the evil, apparently, the people of Russia, who are now mostly silent, will have to pay.

I happen to read some articles describing the real face of Putin behind what the man is trying to show to the mainstream media which can easily be mesmerized by a charming and intelligent leader like him. There is something sinister with the man but because he is effective for now in managing the country the people of Russia continue to admire and support him. People and countries who have the "strongman" tendency are all praising Putin and his policies but the time will come when the truths will be revealed.

However, we have to give to the man that he can also pronounce honest, frank and even futuristic statements reflective of the current situations around the world. Well, as what I am saying he is quite intelligent. As to the coming crisis, I think we are also sensing it now and it does not have to take a Putin for us to see this emerging development.

[wxxyrqa]

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said. “The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.

https://www.rt.com/business

Very interesting. Putin is outraged that he is not given the opportunity to rob and kill the inhabitants of neighboring states with impunity? He is not allowed to engage in "achieving economic advantages" by military invasion of Georgia, Moldova, Ukraine, which once belonged to the USSR. and now declared their independence? This stupid and irresponsible policy of Putin inevitably leads Russia to an economic and political collapse. Inevitably, it will inevitably have to pay and pay for all the evil, apparently, the people of Russia, who are now mostly silent, will have to pay.

I happen to read some articles describing the real face of Putin behind what the man is trying to show to the mainstream media which can easily be mesmerized by a charming and intelligent leader like him. There is something sinister with the man but because he is effective for now in managing the country the people of Russia continue to admire and support him. People and countries who have the "strongman" tendency are all praising Putin and his policies but the time will come when the truths will be revealed.

However, we have to give to the man that he can also pronounce honest, frank and even futuristic statements reflective of the current situations around the world. Well, as what I am saying he is quite intelligent. As to the coming crisis, I think we are also sensing it now and it does not have to take a Putin for us to see this emerging development.

You must also take into account the mentality of people who are residents of a particular state.  Those traits that are subject to the Russians completely incomprehensible to the Americans or Europeans.  The Russian people are ready to live in poverty, like North Korea, but at the same time to keep the whole world in fear.  In this way, one can determine the admiration of the citizens of Russia for their government, and not their level of life.  I think that users of cryptocurrency in the Russian Federation will be very surprised by their government, and in particular by their head of state, who are feeding in the near future to ban the use of cryptocurrency in Russia.  Some bills are already being prepared.  You can read about this open news in the media.

[pishite]

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said. “The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.

https://www.rt.com/business

Very interesting. Putin is outraged that he is not given the opportunity to rob and kill the inhabitants of neighboring states with impunity? He is not allowed to engage in "achieving economic advantages" by military invasion of Georgia, Moldova, Ukraine, which once belonged to the USSR. and now declared their independence? This stupid and irresponsible policy of Putin inevitably leads Russia to an economic and political collapse. Inevitably, it will inevitably have to pay and pay for all the evil, apparently, the people of Russia, who are now mostly silent, will have to pay.

I happen to read some articles describing the real face of Putin behind what the man is trying to show to the mainstream media which can easily be mesmerized by a charming and intelligent leader like him. There is something sinister with the man but because he is effective for now in managing the country the people of Russia continue to admire and support him. People and countries who have the "strongman" tendency are all praising Putin and his policies but the time will come when the truths will be revealed.

However, we have to give to the man that he can also pronounce honest, frank and even futuristic statements reflective of the current situations around the world. Well, as what I am saying he is quite intelligent. As to the coming crisis, I think we are also sensing it now and it does not have to take a Putin for us to see this emerging development.

You must also take into account the mentality of people who are residents of a particular state.  Those traits that are subject to the Russians completely incomprehensible to the Americans or Europeans.  The Russian people are ready to live in poverty, like North Korea, but at the same time to keep the whole world in fear.  In this way, one can determine the admiration of the citizens of Russia for their government, and not their level of life.  I think that users of cryptocurrency in the Russian Federation will be very surprised by their government, and in particular by their head of state, who are feeding in the near future to ban the use of cryptocurrency in Russia.  Some bills are already being prepared.  You can read about this open news in the media.

If this happens and the Internet is turned off, then the appearance of Russian Bitcoin is possible. Only he will be under the cruel control of the state.

[pinkpanther03]

This warning of Putin is based on the current situations. No one wants to stands fighting this change in the society that may lead to world crisis. Putin is also targeting cryptocurrency asnone of the sources of this crisis. Sooner or later, Russia might totally ban bitcoin and other cryptocurrencies.

[ukloon]

Russia should start to embrace bitcoin and other crypto currencies if it wants to regain it's status as a super power. It has lost the cold war and the economic wars, the only way to win the next one is to start stockpiling and mining crypto

[7788bitcoin]

I think the whole world is living in the situation of a "silent crisis". If we do not take into account certain countries like Syria and Venezuela, where the real horror is going on, the other ones suffer also a lot.

Not sure what you are trying to tell here, not heard about the silent crisis too, there are horrible things that takes place around the world from time to time but that does not mean that the entire global financial system is in crisis, these are two different things altogether  .

All I'm saying is that the chances of WW3 breaking out purposefully are very small.
But yeah, some random event could always trigger it.

Random events triggered the past two world wars and it is highly unlikely we will see another world war but we might some power hungry sadist triggering  nuclear weapons and the world uniting against them and not the other way around.

[armarsterling7]

Russia should start to embrace bitcoin and other crypto currencies if it wants to regain it's status as a super power. It has lost the cold war and the economic wars, the only way to win the next one is to start stockpiling and mining crypto

I don't think crypto or Bitcoin can save their economic situation. Because the cryptocurrency market is still quite small and it still has no strong impact on Russia's economy.
In order to revive their declining economy, I think Putin should re-establish taxes and some reasonable fiscal policies over the next 5 years.

[MidnightWolf]

I think that all users of cryptocurrency should think about the security of their countries and the whole world, And in order to live in a safe society, you need to control some sources of evil and those sources of income that can finance the evil.  I understand that this sounds very bad, For all users of cryptocurrency, but nevertheless, we are still on the road to losing the anonymity of cryptocurrency.