[2015-08-24] Kim Dotcom Just Warned About a Significant Global Stock Market

Kprawn

legendary

Activity: 1904

Merit: 1073

The outlook for world market this year and in 2016 looks bleak. The low manufacturing growth for China and the possible interest rate hike in the USA spell a lot of trouble for the

rest of the markets. Combine this with the price of oil and you can already smell disaster for the 3rd world countries. The people in the Euro zone with huge debt is going to

take a knock first and then the rest of them will follow. The manipulated fiat system could only be sustained for so long until it shows it's real damage and when things like this

happens, things will go down very fast. Time to stock up the bunkers with fresh food and water. Roll Eyes

Ps... Store your private keys in a safe place. Grin

gogxmagog

legendary

Activity: 1456

Merit: 1009

Ad maiora!

I like Kim Dot Com and follow him closely but I am afraid he comes off as a bit of a Cassandra. He's right, the economy is crashing but he's simply reiterating the obvious. On the other hand, when you understand his own legal troubles, his negative outlook is 100% understandable.

Besides, you can't argue with the facts. He speaks the truth

okae

legendary

Activity: 1399

Merit: 1004

northern exposure

is not the first time that Kim Dotcom, warns people about it, i start to think that this guy is doing a great service for all of us by spreading the bitcoin world on his social networks.

Quote from: Carlton Banks on August 24, 2015, 08:41:26 AM

Anyone got any more to add to that list, I can't keep up lol Cheesy

is just a question of time that you increased that list, im sure that this is just the beginning of the domino.

RustyNomad

sr. member

Activity: 336

Merit: 250

Greece was the first domino. Has not quite fallen yet as the can was kicked down the road with the new bailout package but it's just a matter of time.

Once that first domino goes the rest will follow. Central banks are losing their grip on the markets and country after country is entering the 'currency wars' by devaluing their currencies in order to try and stimulate growth.

You can only fudge the markets for so long before they head back to the underlying fundamentals.

upsidedown75

legendary

Activity: 1288

Merit: 1036

Another good article about this topic on Cointelegraph
http://cointelegraph.com/news/115172/kim-dotcom-china-in-big-trouble-buy-bitcoin-now

goxed

legendary

Activity: 1946

Merit: 1006

Bitcoin / Crypto mining Hardware.

BTW: Nasdaq Futures Halted Below 4,000 After Hitting Circuit Breaker Down 5%

Carlton Banks

legendary

Activity: 3430

Merit: 3071

More to the point, central bank currencies are sliding, devaluing or collapsing in:

Russia
Venezuela
Brazil
Chile
Malaysia
Mexico
Turkey
South Korea
Vietnam
South Africa
Saudi Arabian rial in dire trouble

Anyone got any more to add to that list, I can't keep up lol Cheesy

(my sympathies for the people suffering in those nations)

1Referee

legendary

Activity: 2170

Merit: 1427

Kim Dotcom Just Warned About a Significant Global Stock Market Correction on Twitter, tells followers "Get some #Bitcoin"

Kim Dotcom, the outspoken founder of Megaupload, Mega and other firms, recently tweeted about the Chinese Stock Market. The Chinese stock market experienced turbulence in late July and early August and since global stocks have taken a slide.

https://www.cryptocoinsnews.com/kim-dotcom-just-warned-significant-global-stock-market-correction-twitter-tells-followers-get-bitcoin/

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I am happily holding my coins as always and enjoy the current stock market panic. Traders will look for other ways to invest their cash.

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