Video: Another economic crash is coming. How did this happen?

[LiteCoinGuy]

Another economic crash is coming. How did this happen?

http://www.theguardian.com/commentisfree/video/2015/feb/04/another-economic-crash-is-coming-how-did-this-happen-video

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[elasticband]

the UK is fucked, glad i left at hit mainland Europe where the economy is generally also fucked.

Fuck it, if the UK relaxed it's cannabis laws i'd probably move back, oh and got some more sun.

[Beyonce]

It's only a matter of time before we hit another crash. I don't know when but it's innevitable.

the UK is fucked, glad i left at hit mainland Europe where the economy is generally also fucked.

Fuck it, if the UK relaxed it's cannabis laws i'd probably move back, oh and got some more sun.

The UK will never relax its cannabis laws, not the major parties any way. And where are you living currently that has less sun than the uk? 

[Netnox]

I hope so it means the stockmarket bubble will pop and bitcoin will skyrocket.

[johnyj]

Under current system, this will only happen when banks have purchased everything in the world with their endless money printing. But the sad thing is, even the system is failed by then, banks would have already acquired the ownership of almost everything in the world, there is no way to change that back

[monkeygang]

Under current system, this will only happen when banks have purchased everything in the world with their endless money printing. But the sad thing is, even the system is failed by then, banks would have already acquired the ownership of almost everything in the world, there is no way to change that back

Theres probably no peaceful, diplomatic way.., but dont underestimate the savagery of human animals. When things get bad we tear everything to shreds and even eat each other. Thats why we are on "top" baabyy!... If things where to get too bad people are not gonna let these bastards slide, its only a matter of time before the populace has had enough. Especially if all hell were to break loose and everyone was suddenly starving.

Theres probably a hard reset coming soon, or some sort of "fork" if you will. Humans 2.0 will either emerge victorious and elegant on the otherside, or revert to the historical classics.       

We'll beat these bastards the old fashioned way...TO DEATH!

[grendel25]

It's always going to happen until wasted money is fixed.  Why is dental insurance more than health?  Why aren't they treated under one insurance plan for everyone?  Think about it... that's a lot of money that goes to dental insurance and is it an honest and fair value?  Nope!

And that's just one example. 

Fix the value inequalities and you fix economic crashes.  It ties into that zero sum game theory that won the Nobel prize for economics.  Everyone already knows the answer.  But there are a lot of rich, powerful and greedy a-holes so we just need some righteous d!cks to screw them over.

[zimmah]

Theres a global economic crash every 7 years roughly, the last one was 2008, so yeah, we're due for another.

We haven't even recovered from the previous two yet, so we're in for a massive shitstorm.

Hopefully this will wake some people up and make them think twice about the dollar.

[Lethn]

Excellent! Time to stock up on more Bitcoin while you can guys! These prices are dirt cheap!  

p.s. Guardian journalist has no idea about anything, ignore him, he's trying to say we need a different bailout to get us out of this one

[Q7]

For any reason, if it does happen, this time round it is going to be even worse and it is coming from Europe.

[enryk]

Excellent! Time to stock up on more Bitcoin while you can guys! These prices are dirt cheap!  

p.s. Guardian journalist has no idea about anything, ignore him, he's trying to say we need a different bailout to get us out of this one

Well, since bitcoin is evaluated from dollar, and if the economic crash happens, then dollar value will crash as well.
Wouldn't that automatically take the bitcoin prices down too ? So how will stocking bitcoin help ?

[johnyj]

Excellent! Time to stock up on more Bitcoin while you can guys! These prices are dirt cheap!  

p.s. Guardian journalist has no idea about anything, ignore him, he's trying to say we need a different bailout to get us out of this one

Well, since bitcoin is evaluated from dollar, and if the economic crash happens, then dollar value will crash as well.
Wouldn't that automatically take the bitcoin prices down too ? So how will stocking bitcoin help ?

In that case everythings price measured in USD will be magnitudes higher, car price will be 1 million dollar, house will be 10 million dollar, bitcoin will be 1 million dollar, etc...

But I don't think that will happen any time soon. Most of the people are very stubborn on belief of their own national currency, that change will not come from average household, but from the top, like large investors dumping USD for other currncy/assets, but they might do it outside of US to minimize the domestic impact

[Lethn]

Very likely despite how much they like to attack precious metals and cryptocurrencies there will be a thing called capital flight outside various countries affected by a collapse of the current monetary system, massive amounts of wealth will leave the country and as usual economists and news journalists will fake total cluelessness on why.

[Twipple]

Well an aeconomic crash is imminent no matter whatr.
Should start with US probably in the next few years.

[Sniar]

A crash is probably imminent I just hope it doesnt turn out to be too major... I feel the system needs a massive overhaul but I do not think pushing and hoping for a collapse is a great way for it to happen.

[elasticband]

Fuck it, if the UK relaxed it's cannabis laws i'd probably move back, oh and got some more sun.

And where are you living currently that has less sun than the uk? 

I said if the UK had more sun i would maybe return, along with relaxed cannabis laws.

[Lethn]

A crash is probably imminent I just hope it doesnt turn out to be too major... I feel the system needs a massive overhaul but I do not think pushing and hoping for a collapse is a great way for it to happen.

We're all in Bitcoin, do you really think that a lot of us here give a shit what happens to a financial system that has royally screwed us and indebted generations for almost a century now? If people want to stay with such a system to the end then that's their choice.

[Sniar]

A crash is probably imminent I just hope it doesnt turn out to be too major... I feel the system needs a massive overhaul but I do not think pushing and hoping for a collapse is a great way for it to happen.

We're all in Bitcoin, do you really think that a lot of us here give a shit what happens to a financial system that has royally screwed us and indebted generations for almost a century now? If people want to stay with such a system to the end then that's their choice.

But many people still do not understand the system they are a part of and the problems associated with it. I feel a dramatic overhaul is needed but do you want that to go hand in hand with the suffering of millions or do you think we should atleast try to find another way?

[Hazir]

Fuck it, if the UK relaxed it's cannabis laws i'd probably move back, oh and got some more sun.

And where are you living currently that has less sun than the uk? 

I said if the UK had more sun i would maybe return, along with relaxed cannabis laws.

Just move to USA. In some states you will be able to purchase cannabis legally if you are so fond of it. Also sun is great.

[Lethn]

A crash is probably imminent I just hope it doesnt turn out to be too major... I feel the system needs a massive overhaul but I do not think pushing and hoping for a collapse is a great way for it to happen.

We're all in Bitcoin, do you really think that a lot of us here give a shit what happens to a financial system that has royally screwed us and indebted generations for almost a century now? If people want to stay with such a system to the end then that's their choice.

But many people still do not understand the system they are a part of and the problems associated with it. I feel a dramatic overhaul is needed but do you want that to go hand in hand with the suffering of millions or do you think we should atleast try to find another way?

I'd love for it to happen but some people are stubborn, they won't move because they can't be bothered learning it and they'll only learn about it if they find something goes disastrously wrong with the current system.

[pereira4]

the UK is fucked, glad i left at hit mainland Europe where the economy is generally also fucked.

Fuck it, if the UK relaxed it's cannabis laws i'd probably move back, oh and got some more sun.

UK is depressing. Always cloudy and rainy. Fuck that shit I say.

[Meuh6879]

and then, greek is fucked ... too
http://www.reuters.com/article/2015/02/06/eurozone-greece-idUSL6N0VG3ZS20150206

  bitcoin, prepare for that !

[johnyj]

A possible road to this collapse is through negative interest. Now some central bank have already lowered the interest to negative territory, discredit their currency, an effort to encourage spending and borrowing. But in fact, the whole country and majority of people are already heavily debt laden and their income is shrinking, they can not take more loans. So this negative interest or money printing will keep going on without any effect, but if it stopped, the whole economy will fall back to recession right away. When the interest reach -5%, it will trigger large wave of withdraw, people prefer to have cash, that will be the bank run day