You were warned

[jjjfff]

Remember 2008?

People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.

The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.

The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.

Get ready for the new cycle

A lot of people have been trying to warn about what's going on now right under our noses.

The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.

There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.

Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.

When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.

Everyone's in denial right now

People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.

The crash is imminent.

When it crashes there won't be time to get out.

What should I do then?

Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.

If you were planning on spending big on something new, reconsider.

Buy Bitcoin or gold or something that should survive the coming crash.

The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.

There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.

When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.

[1714497245]

1714497245

[PuertoLibre]

Remember 2008?

People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.

The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.

The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.

Get ready for the new cycle

A lot of people have been trying to warn about what's going on now right under our noses.

The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.

There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.

Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.

When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.

Everyone's in denial right now

People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.

The crash is imminent.

When it crashes there won't be time to get out.

What should I do then?

Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.

If you were planning on spending big on something new, reconsider.

Buy Bitcoin or gold or something that should survive the coming crash.

The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.

There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.

When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.

Traditional banking system is rigged and mechanism was configured for benefits of real owners who has ability to control with financial tools. Sometimes i read about tax system and “fractional-reserve banking” which don't apply same rules stated by financial institutions. Institutionalized crime found the working way to grab people's money with legalized rules. Taxation is legal way for  taking of the property of community.
Central banks will use all possible solutions for protecting current cheated system and this is one of reasons why they don't like Bitcoin.
Unfortunately cryptocurrencies are not feasible solution without mass adoption...

[Iannn]

The way the baby boomers have and still are running this country is a disaster.  We need to get them out and start getting things in order.  It will not be easy.  Until that happens expect more of the same.

[suzanne5223]

I agreed with what the OP said about the economy and the games played by the FED in supporting the banking system because it the same game they played way back. Besides, the OP was right about people paying their credit card debt and any other debt to avoid been crush. But the side when the OP said "Nobody's buying gas" is something I disagree with. However, bitcoin and gold will always be the best investment of all time.

[masterzino]

Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.

[tenakha]

FED or others should influence people's psychology to influence the price so it is not possible to influence the price directly. Evidence can be the volatility of the price when there is little time for any institution to make important decisions at Forex. But if the big institutions accept Bitcoin as scam, price will dump immediately. They have been existing for many years and everyone has accepted them as '' those who adopt a legal decision ''.

Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.

The price decline in the crypto market and stock market, even the decline in the level of life of people in my country in recent months can be a indication for inflation.

[aoluain]

I dont know anything about this new crisis or crash but i have taken three
steps since the last crash in 2007/2008.

1. Reduce debt
2. Reduce spending
3. Buy Bitcoin

[shield132]

Wait, how can bitcoin survive to upcoming crash? Aren't we ones who measure bitcoins in usd? The banking system is really big ponzi scheme and current economy system too, a lot of money isn't moving, is frozen in one place for nothing.
I don't know what kind of crush do you expect in future but if you want something stable, then buy gold. If you want sonething which you can fully own securely, then hold some bitcoins. Some because it's price can become so surprising for you, maybe you'll end up with nothing or with everything.

[xnamk]

Cool , is this serious?

[jjjfff]

Remember 2008?

People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.

The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.

The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.

Get ready for the new cycle

A lot of people have been trying to warn about what's going on now right under our noses.

The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.

There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.

Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.

When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.

Everyone's in denial right now

People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.

The crash is imminent.

When it crashes there won't be time to get out.

What should I do then?

Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.

If you were planning on spending big on something new, reconsider.

Buy Bitcoin or gold or something that should survive the coming crash.

The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.

There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.

When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.

Traditional banking system is rigged and mechanism was configured for benefits of real owners who has ability to control with financial tools. Sometimes i read about tax system and “fractional-reserve banking” which don't apply same rules stated by financial institutions. Institutionalized crime found the working way to grab people's money with legalized rules. Taxation is legal way for  taking of the property of community.
Central banks will use all possible solutions for protecting current cheated system and this is one of reasons why they don't like Bitcoin.
Unfortunately cryptocurrencies are not feasible solution without mass adoption...

This is 100% right on. They fear Bitcoin because it is transparent. Bitcoin is run by an algorithm. Whereas they want to print money freely for their buddies. We all need to work for mass adoption. If the masses want it, it'll happen.

The way the baby boomers have and still are running this country is a disaster.  We need to get them out and start getting things in order.  It will not be easy.  Until that happens expect more of the same.

Funny how baby boomers were born before the bankers ended the gold standard! Baby boomers actually saw some real capitalism back in the day when the FED did not control the stock markets and 15 families didn't control the world! They should know better. The only way we can change this is to raise awareness about the banking ponzi scheme we're living under and spread awareness around us to family and friends.

I agreed with what the OP said about the economy and the games played by the FED in supporting the banking system because it the same game they played way back. Besides, the OP was right about people paying their credit card debt and any other debt to avoid been crush. But the side when the OP said "Nobody's buying gas" is something I disagree with. However, bitcoin and gold will always be the best investment of all time.

We need to continue to raise awareness about the games bankers play and how it's not a conspiracy theory but real stuff. People often think this kind of thing is a conspiracy thing, when it's not.

(My comment about gas was due to today's EIA gas buildup numbers.)

Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.

You may be right. I don't know whether it'll blow up now or in 5 years, but we're staring at a level of debt that humankind has never seen before.

More gold derivatives is traded in London in a single day than was ever mined by humankind. It's a 100% fake economy based on fake value. Bankers are buying and selling nonexistent things. The FED prints nonexistent value. It's a crazy ass system and average people don't seem to notice.

FED or others should influence people's psychology to influence the price so it is not possible to influence the price directly. Evidence can be the volatility of the price when there is little time for any institution to make important decisions at Forex. But if the big institutions accept Bitcoin as scam, price will dump immediately. They have been existing for many years and everyone has accepted them as '' those who adopt a legal decision ''.

Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.

The price decline in the crypto market and stock market, even the decline in the level of life of people in my country in recent months can be a indication for inflation.

Whenever the stock market goes down, they find a way to pump it up.

Today the FED put out a "dovish" statement. Markets went up. It's all fake. The FED controls the markets since the early 1970's.

I dont know anything about this new crisis or crash but i have taken three
steps since the last crash in 2007/2008.

1. Reduce debt
2. Reduce spending
3. Buy Bitcoin

Same here. IMO the right strategy.

Wait, how can bitcoin survive to upcoming crash?

When the bankers' ponzi scheme finally collapses, you'll ask your landlord "hey can I pay this month's rent in Bitcoin". He'll likely say well my bank is closed so I guess yeah.

Then you'll head down to the local grocery store and ask hey can I pay this week's groceries in advance, I'll pay in Bitcoin. They'll say cool.

That's how Bitcoin gains widespread use when the failed banking system finally goes down.

[Sadlife]

This is why a decentralized system is needed in order to stop the exploitation of bankers and federal reserve. If you look back at the great financial crisis that's occured before many has suffered from starvation, being jobless and poverty because the banks are intentionally bringing down the price with low interest to encourage people to take in debt then pumps it with triple the interests.

[lobster88]

I consider the lost is out of greed, we need to proceed with additional savings that may not lead to cause such suicide and it is all lacking in proper financial planning. Every one need a goal or a traget for their expected profit amount and once reaching it, cashout the increased profit or capital amount to make a safer play. 

[wahyu wida]

it is a global problem in its time, with this incident we can take the lesson that everything must be taken into account. to be indebted certainly must be used to buy something that will survive a crisis. and system updates should be carried out

[Distinctin]

This is the truth that majority of people failed to see.
They will just get surprise and said, ohh! I didn't see that coming. Good thing we are here in crypto, we know how to survive in the possible
crash and when that happen, we already safeguarded our assets and maybe the value will eventually increase when they choose crypto to put in their funds.

[Baofeng]

I guess there's nothing wrong with the OP giving us a fair warning. If some of you haven't seen the financial crisis in 2008 then it's going to be a rude awaking for the majority if ever another financial crisis happened. I was not aware back then or I total deny it, because we were assured that we will maintained our jobs in June of 2008. However, by last week of August everyone was scrambling, close meetings here and there and then suddenly the news, everyone in our team was out of job. So right now, I'm hedging what I have save in crypto and other assets just to be prepared and not experienced what I have seen a decade ago.

[timerland]

Remember 2008?

People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.

The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.

The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.

Get ready for the new cycle

A lot of people have been trying to warn about what's going on now right under our noses.

The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.

There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.

Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.

When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.

Everyone's in denial right now

People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.

The crash is imminent.

When it crashes there won't be time to get out.

What should I do then?

Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.

If you were planning on spending big on something new, reconsider.

Buy Bitcoin or gold or something that should survive the coming crash.

The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.

There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.

When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.

An interesting take on the matter.

I'd completely agree with what OP has said. It's inevitable that a financial crisis would strike, it's only a matter of whether it's sooner or later. It's simply unsustainable to have such long periods of growth without much fundamentals to back it up. We're already seeing stock markets and housing markets (in certain countries) adjust from its highs, and even if that's not necessarily a 100% foolproof sign that such an economic crisis is going to happen in the near future, it should be a warning.

Personally, I think it is wise in any situation, whether it's oncoming recession or inflation, to hold assets that are out of this debt based system. I'd rather put my trust in decentralized assets that can't be manipulated, debased, or artificially inflated in value. Diversifying out of assets like stocks and real estate, and accumulating bitcoin, precious metals, or even cash investments will be the logical thing to do in my opinion.

[Indrawan77]

I totally agree with this condition, fiat is full of manipulation by the central bank, government and other party, and with the high inflation and global crisis, investing in fiat is a bad choice for now, gold and crypto is the best solution to avoid inflation, in past day most of us aware this scenario but we didn't had a lot of choice, but now we have the option, so better take precaution

[jseverson]

Just to bring another side to this story:

Tran isn’t predicting a full-scale panic resembling the 2008-2009 financial crisis, and there are some reasons for optimism. Banks are better capitalized now than before the crisis. (Bank capital — shareholders’ funds or loans — protects against losses.) People are also more sensitive to the dangers than a decade ago.

Evidence of this comes from a recent “stress test” performed on 35 large bank holding companies by the Fed. A deep recession was simulated; the unemployment rate rose to 10 percent. Despite large losses, no bank failed. Since 2009, these banks have added $800 billion in common equity capital, the Fed says.

What Tran is suggesting is a global shift away from debt-financed economic growth. The meaning of the $247 trillion debt overhang is that many countries (including China, India and other emerging-market countries) will be dealing with the consequences of high or unsustainable debts — whether borne by consumers, businesses or governments. There will be a collective drag on the global economy.

tldr; the upcoming financial crisis may not be as significant as 2008's

That being said, it's still looming and seems to be inevitable at this point. It's better to be safe than sorry.

[michellee]

I dont know anything about this new crisis or crash but i have taken three
steps since the last crash in 2007/2008.

1. Reduce debt
2. Reduce spending
3. Buy Bitcoin

For ordinary people who don't know about bitcoin, that two option really needs to be their concern before the crash happen in everywhere. Besides that, they will make sure their life will be safe for first, and then they can think about what next they should do if the crash still happens. And the last option is for people who know bitcoin and want to invest their money in digital assets and maybe we can introduce bitcoin to the ordinary people so they can have a new type of investment besides their real investment.

[dothebeats]

We all know that it's gonna happen, the question is how long would the system keep things afloat before the imminent crash materializes? Bankers are now conditioning people that no such recession is happening in the near future, but the people aren't buying that anymore. Somehow, the money has to flow to somewhere since people would surely love to guard their assets and avoid for it to depreciate in value at all costs while the rest of the world is burning, so cryptocurrencies and gold might be the vest hedges against this crash. The global debt is ever increasing at a rapid pace and no one would surely want to pay that.