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

[Averim]

The edge makes people evolve, same happened with the last financial crysis, it was a healthy financial lesson. Certain things cannot be avoided because we are greedy when it comes to money, we would do many things to gain wealth and comfort. The question is nor how to avoid the next financial crysis, but how to survive it, what countermeasures can be taken??

[Nellayar]

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.

Now I know that most of ICO have not agreed to have Russian investor because Russia has a conflict regarding with cryptocurrency. Though Russia is a powerful country all over the world because of its industrialization, it suffers  from economic crisis. I don't want to blame reckless of the government because crises happen in almost all countries in the world. And we cannot stop it but we should bear in our mind that cryptocurrency is not the reason of it.

[Ozero]

It seems that people do not follow all that is happening in the world and therefore do not objectively assess the current situation on the world stage of events.  For me it’s not at all clear why many expect a war between the USA and China.  If you look at what kind of policies Russia is pursuing, it is likely that Putin will fight the United States or even the whole world.

I do not think that Putin will have the strength to fight not only with the whole world, but even with the United States. Because of the bet not even on strength, but simply on rash weapon rattling and simply arrogant robber behavior in the international arena, even in Russia itself, its popularity rating has recently fallen very sharply and protests are spreading in the country, which translate into open mass demonstrations in Moscow and Petersburg. It seems that soon this regime will fall and many will then predict the split of Russia into separate parts.

[barbara44]

This is true, but everyone knows but doesn't know how to change. 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.

It's funny how some people be talking about third world war. I just saw someone mentioning third world war when we are talking about financial crisis, don't even know why some people like war, is there anything that they gain from it? It just makes no sense and shouldn't be something that the world should be into cause it's very bad.

War is very bad and can only lead to destruction and killing of innocent children and good people. The worst part of it all is that the innocent people are the ones that suffer from it, the leaders never get to suffer in any way, they are kept safe with their family.

[FanEagle]

Chinese war with USA right now is not hurting the world like it should, normally what we are not seeing is that china makes a ton of money thanks to USA companies building all their stuff in China and than USA companies make a lot of money thanks to manufacturing for cheap and than selling it globally to make money by putting their profits on top of that.

Now, when the war actually kicks in (not a real war like weapons but economical warfare) we will see more companies building stuff in USA itself to get away from the war and than stuff will be more expensive to build and they will increase the prices to make up for the difference which will have a global cost of it since all of the world will have to start paying more for it. Hence there will be a huge crisis of buying stuff that are super expensive and that is why I think we are getting close to a crisis Putin mentions.

[Vishnu.Reang]

It may happen, if the trade war between the United States and China escalates further. So far, both the sides have refused to give in and one of the consequences have been a 20% increase in the gold prices. The Americans should not chew more than what they could swallow. I have a feeling that Donald Trump is taking it a bit too far.

[auntyjmary]

The economy of most countries in the world seem to be in crises one way or the other. The world leaders especially presidents of developing countries needs to develop strong policies and political will to undertake strict measures to ensure unforseen circumstances are tackled with the necessary solutions

[Shutup]

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

When we read about crisis it alarms especially to poor people because they don't have wealth to provide their needs.Poor people will be the number one affected if crisis come. While rich people have savings to survive in times of crisis.

[kissme09]

Every economic crisis brings a lot of trouble and a bad influence on the whole world. But it also rebalances the world economy after it has grown so fast in such a short period, it reduces the distance between nations closer together. The world economy will always experience economic crises to continue sustainable development.

[bryant.coleman]

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?

Bitcoin wasn't created all of a sudden. The domain name was registered in August 2008. The planning was done over several years, and the work started well before there was any sign of an impending recession in the markets. Also, Bitcoin was already being mined during 2009-10, and it was during this time that the economic recession was at its peak. BTC broke above $1 per coin in 2011, when the recession phase came to a halt and the economic recovery started. From what I have seen, it is very difficult to link the major recession of 2008 or any of the smaller magnitude financial crisis (such as the Greek government-debt crisis and the 2012–13 Cypriot financial crisis) to the popularity of Bitcoin. 

[Tylev]

This is true, but everyone knows but doesn't know how to change. 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.

It's funny how some people be talking about third world war. I just saw someone mentioning third world war when we are talking about financial crisis, don't even know why some people like war, is there anything that they gain from it? It just makes no sense and shouldn't be something that the world should be into cause it's very bad.

War is very bad and can only lead to destruction and killing of innocent children and good people. The worst part of it all is that the innocent people are the ones that suffer from it, the leaders never get to suffer in any way, they are kept safe with their family.

Putin cited his remarks about the fact that the international community imposed international sanctions on Russia in connection with the military aggression unleashed by this state against its neighbors and, above all, the military capture by Russia of part of Ukraine, namely Crimea and Donbass. Russia is now killing thousands of Ukrainian citizens, invading Ukraine with its 700 tanks and its other new military equipment. The largest invasion of another country since the Second World War. If some still do not understand that this could easily turn into World War III, then this may be a complete surprise to them.

[bitgolden]

"War" will probably not happen the way we think it will in many cases, a country like USA and Russia can't fight each other, that would literally mean death of over 100 million people in matter of hours if they want to. Go check out this simulation from princeton university ; https://www.youtube.com/watch?v=k2aGm_oHKh8  .

It shows how many people would die and how quickly, do not forget this is literally just the first few hours or even days of the war, afterwards there would still be a war going on and even after it ended those places will not be in living situation and all of world will have trouble coming back on their feet. Hence the "war" we will see is just a purely economical one with each other and that is already going on every single day right now.

[ololajulo]

It may happen, if the trade war between the United States and China escalates further. So far, both the sides have refused to give in and one of the consequences have been a 20% increase in the gold prices. The Americans should not chew more than what they could swallow. I have a feeling that Donald Trump is taking it a bit too far.

Their are more speculations that confirms the possibility in USA and I think it will bring more problems for Trump with his denial of the economic crises ever taken place. Russia will definitely benefit from the situation and I believe the warning is part of the strategy from Putin.

[Bitcoin Seller]

It may happen, if the trade war between the United States and China escalates further. So far, both the sides have refused to give in and one of the consequences have been a 20% increase in the gold prices. The Americans should not chew more than what they could swallow. I have a feeling that Donald Trump is taking it a bit too far.

America is taking too much, many countries are fighting America today because of their government policies that require their local products to be global and used by anyone. so that foreign products outside of America are restricted from entering. thus affecting the American economic opponents. I think if the trade war is expanding, not just America vs China, then an economic crisis can occur.

If somebody is talking about the worsening crisis, it will happen. Billionaires say it is better now to keep money in cash and crypto. However, buy cryptocurrency only as a long-term investment, that is, by default you should be prepared to give up this money for a year, two or more. Buying regularly for fixed amounts, because you can’t go back to the past, and if you sit and wait for Bitcoin to fall to the same $ 3,000 again, this may never happen.

[ololajulo]

It may happen, if the trade war between the United States and China escalates further. So far, both the sides have refused to give in and one of the consequences have been a 20% increase in the gold prices. The Americans should not chew more than what they could swallow. I have a feeling that Donald Trump is taking it a bit too far.

America is taking too much, many countries are fighting America today because of their government policies that require their local products to be global and used by anyone. so that foreign products outside of America are restricted from entering. thus affecting the American economic opponents. I think if the trade war is expanding, not just America vs China, then an economic crisis can occur.

If somebody is talking about the worsening crisis, it will happen. Billionaires say it is better now to keep money in cash and crypto. However, buy cryptocurrency only as a long-term investment, that is, by default you should be prepared to give up this money for a year, two or more. Buying regularly for fixed amounts, because you can’t go back to the past, and if you sit and wait for Bitcoin to fall to the same $ 3,000 again, this may never happen.

why do you think you can compare liquidity in crypto to fiat in such season? We have had several financial crisis in the world in the past 10 years but we are yet to see remarkable effect of crptocurrency during this crisis. I will choose crypto any day but I think we might need fairness in our judgement of possible outcome when such financial turmoil approaches.

[Brunus]

Since the world exists, the economy follows cycles of expansion and contraction, just as there are periods of peace and periods of war.
What is important is not to be caught unprepared, and take advantage of moments of growth to create reserves in times of crisis.
The capable people always make.

[Pab]

I agree that we can see big crisis.Biggest is already happening .Climate change is real.Estimates that 100   mln people can die next ten years are also real.Rain forest are burning in Brasil.Siberian tajga is burning as well. Record high temperature in Europe over 40 C .Maybe not so long time from now will be nobody to talk about crisis.
In a case of economy financial world i have flashback from 2007.Same headlines about USA attacking Iran
same banks problem with liquidity .Wall Street at records levels etc
But only one real what will really cause suffering of millions of people is climate change

[Ozero]

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?

Bitcoin wasn't created all of a sudden. The domain name was registered in August 2008. The planning was done over several years, and the work started well before there was any sign of an impending recession in the markets. Also, Bitcoin was already being mined during 2009-10, and it was during this time that the economic recession was at its peak. BTC broke above $1 per coin in 2011, when the recession phase came to a halt and the economic recovery started. From what I have seen, it is very difficult to link the major recession of 2008 or any of the smaller magnitude financial crisis (such as the Greek government-debt crisis and the 2012–13 Cypriot financial crisis) to the popularity of Bitcoin. 

Therefore, the impact of the global economic crisis on the price of bitcoin, we can fully see only at the next such crisis.
As for Putin and his dissatisfaction with the fact that the international community is adopting economic sanctions against Russia, in this case only he is to blame. His foreign policy, and especially relations with neighboring states, with whom Russia was previously part of the former USSR, is largely based on military force and aggression. For such robbers and pirates, there is a place in hell where he will no doubt find himself guilty of the deaths of thousands of people both in his state and in Georgia and Ukraine.

[Vishnu.Reang]

It may happen, if the trade war between the United States and China escalates further. So far, both the sides have refused to give in and one of the consequences have been a 20% increase in the gold prices. The Americans should not chew more than what they could swallow. I have a feeling that Donald Trump is taking it a bit too far.

America is taking too much, many countries are fighting America today because of their government policies that require their local products to be global and used by anyone. so that foreign products outside of America are restricted from entering. thus affecting the American economic opponents. I think if the trade war is expanding, not just America vs China, then an economic crisis can occur.

Trump has taken a very aggressive stance ever since he took office in 2016 (at least when compared to Obama). He is a businessman rather than career politician, and therefore knows the advantages and disadvantages of free-trade economy. However, I have a feeling that he acted too quickly without caring for the repercussions. What he has done is to drive China in to the hands of Russia and to permanently damage the Sino-US relations.

[bitbunnny]

It may happen, if the trade war between the United States and China escalates further. So far, both the sides have refused to give in and one of the consequences have been a 20% increase in the gold prices. The Americans should not chew more than what they could swallow. I have a feeling that Donald Trump is taking it a bit too far.

America is taking too much, many countries are fighting America today because of their government policies that require their local products to be global and used by anyone. so that foreign products outside of America are restricted from entering. thus affecting the American economic opponents. I think if the trade war is expanding, not just America vs China, then an economic crisis can occur.

Trump has taken a very aggressive stance ever since he took office in 2016 (at least when compared to Obama). He is a businessman rather than career politician, and therefore knows the advantages and disadvantages of free-trade economy. However, I have a feeling that he acted too quickly without caring for the repercussions. What he has done is to drive China in to the hands of Russia and to permanently damage the Sino-US relations.

That was a bad move and on llong term is bad for US. Trump is maybe a businessesma but to run a state this is not enough and recent issues clearly show that.
Trade war will make more damage to US than to China or any other country and when this mega crysis comes I don't think that America will be strong enough to take it.