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

[fiulpro]

With the inflation plus that many people below the poverty line , it's actually something that is gonna happen sooner or later.
Plus the rich is getting richer and the poor is getting poorer.
Therefore, it is indeed something that we already know that is going to happen .
But how to prevent that needs good government strategies .
I just hope we prevent it.

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[metalglowd]

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.

In essence, it will be quite difficult to be truly safe from those who have evil intentions towards the future condition of the global economy. Even if this happens, I'm sure the crypto community will also experience its impact quite quickly.

[Yakamoto]

With the inflation plus that many people below the poverty line , it's actually something that is gonna happen sooner or later.
Plus the rich is getting richer and the poor is getting poorer.
Therefore, it is indeed something that we already know that is going to happen .
But how to prevent that needs good government strategies .
I just hope we prevent it.

Anyone who's actually been keeping track of the economy over the past few years knows that the economy is already in a very precarious situation, doubly so when you consider the fact that we've basically exhausted all of our options to reduce the impact of financial crises. Inflation and people living below the poverty line probably won't be enough to cause a financial collapse, but there are definitely some markets which are pushing everything towards the tipping point. Everyone is hoping that the collapse is an issue that they don't have to deal with, but we should know that it's coming whether we like it or not. A lot of countries are already in an economically depressed state, adding on the student debt bubble as well as the low wages and high housing prices will just make the problem hit harder than it already will.

There's no way to prevent it without reforming the entire system. The governments of the world aren't interested in doing that, so you can probably write it off any fix and just get ready for the tumble.

[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

Just as Putin, as president of Russia, systematically violates the rules of society established by society. In the international arena, he behaves like a highwayman. It is somehow strange for me to hear that he is angry with her and that international sanctions are being imposed against Russia. Military aggression against neighboring states has never been encouraged by the world community.

[sana54210]

I think corporations investing into crypto companies is great, corporations investing directly into bitcoin may not. You want to know the difference? During the 2017 peak times there was a lot of whales buying bitcoin and when it started to fall they were the first ones to leave, so they have caused billions of dollars sold with just couple days difference. Hence, when billionaire companies buy bitcoin it is great but they are also panic sellers because they do not want to lose millions of dollars in minutes so they sell, these are the same financial companies that sold their stocks pennies on the dollar during 2008 crisis. Hence I would rather not have them buy bitcoins.

Moreover, when they invested into crypto companies all of 2018 they powered them up very well and those companies became huge and now we have a stronger bitcoin thanks to it.

[SquallLeonhart]

I think corporations investing into crypto companies is great, corporations investing directly into bitcoin may not. You want to know the difference? During the 2017 peak times there was a lot of whales buying bitcoin and when it started to fall they were the first ones to leave, so they have caused billions of dollars sold with just couple days difference. Hence, when billionaire companies buy bitcoin it is great but they are also panic sellers because they do not want to lose millions of dollars in minutes so they sell, these are the same financial companies that sold their stocks pennies on the dollar during 2008 crisis. Hence I would rather not have them buy bitcoins.

Moreover, when they invested into crypto companies all of 2018 they powered them up very well and those companies became huge and now we have a stronger bitcoin thanks to it.

Nothing can be done to avoid these big financial individual from buying bitcoin, in fact bitcoin market is where all the sugar is to them, and they are ready to pump as much as possible into the market for them to make enough profit. I don’t care if billionaires buys bitcoin or not, all I care about is the increase it will cause to the market, and if we have any low income smart investors, the time billionaires put their money into cryptocurrency is the time that they should be fast enough to sell their investment before it crosses the mind of those big investors to quickly sell off.

This was the mistake some investors made during the last bull run, they so much played into the hands of these whales, the moment their money started pumping the market was the moment that they ought to have pulled out, but they refused.

[Argoo]

It was almost 10 months since the thread stating the financial crisis mentioned by putin. Large number of Russian people can be seen around using cryptocurrencies. It has won the hearts of millions of people, and what putin says indirectly gets related to the corruption. In each and every country there will be corruption, and by the next crisis I believe people will find it hard to cultivate and get food. Financial crisis has been felt all around the world, but they never show to the outer world.

In his speech, Putin complained more that the world community unilaterally, that is, without his consent, was applying private sanctions to Russia and its influential officials in private. In my opinion, the global economic crisis will not come from this. But for Russia and its current reckless government with its gangster foreign policy, the economic crisis may come soon. It is necessary to comply with international rules, and not systematically violate them, then there will be no crisis in the country.

[jonaire99]

This kind of worldwide crisis might also help to hasten up the adoption of cryptocurrencies like bitcoin. Some nations are now using bitcoin and other cryptocurrencies to avoid trade sanction by the United States. So I believe that cryptocurrencies might might be use by the people during a worldwide financial crisis that may happen in the future.

[Schirer]

His opinion should not be even mentioned.
protectionism ? Did he mean the sanction on his country which were made because of his aggression and occupation along his borders?

In case of global crisis his economy will feel it less than others because the country is already very pour and cut off from the rest of the world .

[Tylev]

His opinion should not be even mentioned.
protectionism ? Did he mean the sanction on his country which were made because of his aggression and occupation along his borders?

In case of global crisis his economy will feel it less than others because the country is already very pour and cut off from the rest of the world .

Given the fact that the US government recently strengthened sanctions against Russia in connection with the ongoing military aggression against Ukraine, the beginning of mass protests against the Putin regime in Moscow, which provoked a refusal to register opposition candidates in the Moscow city mayoral elections and growing fires in Siberia, Russia is waiting a very difficult period. Now many people even predict the collapse of this state due to the rash and criminal both domestic and foreign policies of this state. Therefore, Putin was right about the impending crisis in his country, and not in the world as a whole.

[Rustamm]

A difficult economic situation has really developed in Russia, but not only in Russia but throughout the world military tension is growing. Therefore, it is not surprising that in the near future a global financial crisis may occur. This may be the start for the adoption of Bitcoin as a global digital currency and then the entire cryptocurrency industry will receive an impetus for development and growth. But this is just my guess and no one knows what awaits us next.

[Schirer]

His opinion should not be even mentioned.
protectionism ? Did he mean the sanction on his country which were made because of his aggression and occupation along his borders?

In case of global crisis his economy will feel it less than others because the country is already very pour and cut off from the rest of the world .

Given the fact that the US government recently strengthened sanctions against Russia in connection with the ongoing military aggression against Ukraine, the beginning of mass protests against the Putin regime in Moscow, which provoked a refusal to register opposition candidates in the Moscow city mayoral elections and growing fires in Siberia, Russia is waiting a very difficult period. Now many people even predict the collapse of this state due to the rash and criminal both domestic and foreign policies of this state. Therefore, Putin was right about the impending crisis in his country, and not in the world as a whole.

I dont view Siberia wildfires as something that ads anything to political or economical situation to their country. It can potential ad if the fire hits large oil fields or something like that. It is hard to tell if the protest is start of something bigger , they can be negative as well.

[yvesp110]

His opinion should not be even mentioned.
protectionism ? Did he mean the sanction on his country which were made because of his aggression and occupation along his borders?

In case of global crisis his economy will feel it less than others because the country is already very pour and cut off from the rest of the world .

Given the fact that the US government recently strengthened sanctions against Russia in connection with the ongoing military aggression against Ukraine, the beginning of mass protests against the Putin regime in Moscow, which provoked a refusal to register opposition candidates in the Moscow city mayoral elections and growing fires in Siberia, Russia is waiting a very difficult period. Now many people even predict the collapse of this state due to the rash and criminal both domestic and foreign policies of this state. Therefore, Putin was right about the impending crisis in his country, and not in the world as a whole.

I dont view Siberia wildfires as something that ads anything to political or economical situation to their country. It can potential ad if the fire hits large oil fields or something like that. It is hard to tell if the protest is start of something bigger , they can be negative as well.

Well if we look at the previous crises, the major reason that gave birth to these crises was inefficient policies plus the geopolitical scenario and worst relations across the borders. This is what is happening in the world right now and this will ultimately give rise to the crises by affecting the productivity. The world could have been way too rich and resourceful if certain regions were at peace.

[.gustafson]

It seems to me that Putin is right. Moreover, I think that a crisis is inevitable if what is happening now continues (I mean in terms of the economy in all countries). We need some kind of new or changed economic system if we want that we aren't be without everything in one moment 

[Muffinmanlet]

I agree that it will come a huge economic crisis due to quantative easing and states issuing way too much debt too be able to keep going with their socialistic agenda.

[Argoo]

It seems to me that Putin is right. Moreover, I think that a crisis is inevitable if what is happening now continues (I mean in terms of the economy in all countries). We need some kind of new or changed economic system if we want that we aren't be without everything in one moment 

If Putin does not stop in his ambitions to create his own empire and through military aggression and the annexation of the territories of neighboring states by force of force, then there will be not only a global economic crisis. We can already observe the new real round of the arms race that has begun, which arose precisely because of Russia's aggressive military policy. Moreover, there is also a real threat of the third world war. If someone still has not understood this, then it would be time to realize this and think about it, otherwise it will be too late.

[guoyu78]

A difficult economic situation has really developed in Russia, but not only in Russia but throughout the world military tension is growing. Therefore, it is not surprising that in the near future a global financial crisis may occur. This may be the start for the adoption of Bitcoin as a global digital currency and then the entire cryptocurrency industry will receive an impetus for development and growth. But this is just my guess and no one knows what awaits us next.

I personally do not see any global financial crisis coming, all the countries of the world cannot make mistake at the same time, or refuse to safeguard their economy at the same time. Could have some country that would go into crisis, but before another country experiences it, they would have totally recovered, which is why I doubt if we can ever have any crisis again that will be global.

The world has really advanced now, and technological wise, we are not same as we use to be, so the more we advance, the more our ideas about things and how to guide against it too developed. If we believe that bitcoin can help a country’s financial status, we can see that we have some countries that have already adopted it, so do you still expect crisis from their end? You can now see why I said the possibility of having global crisis is limited.

[tonyvo2017]

I am also questioning the economic crisis in the coming years. when China is in serious recession. Their currencies are declining very strongly in recent days, food has also been significantly reduced due to currency devaluation.
Will the war between the US and China lead to other countries suffering from recession?

[Bitcoin Seller]

A difficult economic situation has really developed in Russia, but not only in Russia but throughout the world military tension is growing. Therefore, it is not surprising that in the near future a global financial crisis may occur. This may be the start for the adoption of Bitcoin as a global digital currency and then the entire cryptocurrency industry will receive an impetus for development and growth. But this is just my guess and no one knows what awaits us next.

Probably, Putin is still one of the most mystical figures on the political stage, and he understands the economy well. His predictions should not be ignored, and as I see, this man is right. Every year, economics in many countries become even worse. Cryptocurrencies can decide a part of these problems, and they should be finally accepted by governments.

[MiltonFree]

I am also questioning the economic crisis in the coming years. when China is in serious recession. Their currencies are declining very strongly in recent days, food has also been significantly reduced due to currency devaluation.
Will the war between the US and China lead to other countries suffering from recession?

I think all major economies will be affected. US cut rates, New Zealand did too, Europe is preparing for a cut. Government yields in Europe become negative. The economy is about to recess. I wonder how crypto will act, now I see Bitcoin is rising amid the unknown outcome.