Topic: A huge recession could be on its way - sources - page 2. (Read 699 times)

Global recession is a cyclical process, but the thing is that no one can tell for sure when a cycle begins and when it ends. Also the so called "signs of recession" are, in many cases, just a product of economists' and journalists' imagination.

@stompix put it down really good, so I'm quoting him in case someone missed it:


I had a good chuckle reading this.

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Maybe investing in Bitcoin and gold is not a bad idea, but I'd rather suggest to invest in your knowledge. Because no amount of gold or Bitcoin will save you if you are stupid.

seems to me that this coming recession will be much stronger that the one we've faced in 2008
that time QE helped to let the fire down, but I fear this time it won't help((
too many debts over the world and I don't think this is going to over well.
I just hope it won't be that hard as a great recession in us  in 20th century..

I think the main part contributing to that is how widely discussed this subject has been, where we have reached a point where a lot of wannabe investors have prepared themselves for a crisis to unfold once again.

The general rule however is that when there is such a mass scale preparing going on for a crisis, you can be close to certain that it won't be happening any time soon, especially not with how much money is being printed.

Money printing can keep the economy up and running for another 5-10 years.... the thing however is that it only makes the crisis that will eventually happen even more of a danger, and it will hit everyone when it isn't expected.

Recession, boom are all part of the economic indices that will surely happen. The problem is the unfortunate leaders that the world will have at the time when it will happen because they are the ones that will determine whether the effect will be minimal or catastrophic. In the last recession that happen across the world, I saw the life savings of millions of people wiped out especially those that invested in the money market and also the making of thin god millionaires via government bail out from that exercise. The crash will happen and there is nothing anyone can do about it and talking about it is creating awareness and being ready for it eventually when it does.

I think many of us expected another big crash since 2008. Conditions leading to the 2008 crash were never truly addressed or fixed to prevent it from happening again. The growth of inflation has often outpaced the growth of wages over the last decade. Governments have consistently raised taxes and spending, in efforts to tax, spend and print their way out of deficit and debt. The analogy of a snake eating its own tail holds true here in terms of these policies and metrics being entirely self destructive and unsustainable over the long term. All of these variables contribute towards making recession inevitable eventually.

In terms of recession being a smokescreen. If NWO is real. The New World Order may be achieved by crashing the current system, leaving us with no other options. These circumstances could be reflected in the more aggressive push we've witnessed towards the left in the united states and nations seeking independence around the world. There could be a timetable where the world's economies must crash within a similar timeframe to push global totalitarianism.

You know from my observation of our history it has become very clear that governments and the powers behind them has orchestrated political instability and warmongering to trigger wars, when there are signs of a economic collapse. The US / China trade wars and the political aggression from countries like Russia area good indication that these people want a new war to balance things out.  

How do you destroy your debt with a country? You wage a war with them and you win that war. The spoils of war and the funding of the war will stimulate the "repair" process to "reboot" the economy.

We are not facing a recession my friend, we are moving towards a full scale war to trigger a "smoke screen" for a total global economic collapse.  

Then that will be a great chance for bitcoin to prove the power to people so they can moves from fiat to cryptocurrency. And once that happens, we will see massive bitcoin growth in many places, especially if people want a change in their country. At that time, I think the government cannot do anything because they will face people's power, which will be stronger than their ability. I hope bitcoin will become stronger than now because of its strength and support from people. We are inside cryptocurrency wait for that time while we prepare ourselves too for the coming, so we will be ready to see what will happen next.

It is possible that the huge recession is coming and the best thing that we could do is to be prepared. Save some of your money so you will be ready when the market crashes because that is when you are going to use your savings to buy all the good assets while they are on sale and you will hold them until the market recovers and it will be a life changer, financially. So you better stack up some money.

I agree with your premise that there is a rapidly increasing chance of a recession coming. I disagree with your reasoning that it is due to global debt however.

On a global scale, debt between countries is more of a geopolitical tool than anything else. Lending money to other countries gives you influence over them, in some cases incredible amount of influence, see for instance China lending money to African states at incredible rates. This allows them to build up their infrastructure, but leaves two problems: firstly, a lot of that infrastructure is either owned by China or entitled to them in the event of a default on loans, and secondly, those states are now under influence from China - not because the loans might get called in, but in case the money tap gets turned off! That's an example of how debt is a geopolitical tool - but it doesn't really benefit any country to call in their debts right now, and most loans are little more than the equivalent of global monopoly money.

Personally I see a recession coming on within the next couple years due to a combination of trade wars, increased uncertainty due to populist politics as well as economic and geopolitical instability due to events such as Brexit, and increased unrest in parts of the world such as Hong Kong. I think it's pretty inevitable that these will boil over and cause a recession in the end, though I don't think it will be as bad as the 2008 financial crisis.

Is seems the recession is getting strong and stronger as the curve seems to lean towards down even more from month to month. If this will be case for 2020 , I think Bitcoin will still be fine and save us from getting depressed by this recession.



Lets remember that from time to time a recession coming into play is something normal and we should not panic that badly and instead I personally I gather cryptocurrencies and Bitcoin as much as I can with every amount of money I have to spend.

The global financial system is a scam, it was just a matter of time before something like this could happen, and it's going to happen.

The system is programmed to work based on debt to generate more "money" but there is a problem there is more debt than circulating money so so we need to take on more debt to pay the current deficit.

It is an infinite cycle, thank God Satoshi Nakamoto created Bitcoin after the financial bubble of 2008, now we are prepared.

Recession is a part of the economic cycle. It's not like the zombie apocalypse. In the past, a recession is like winter. Hence, people who saved enough food, woods, etc. would survive. Not that you need to hoard goods like crazy.

Also, in a recession, not all people would be negatively affected. Some may not feel it at all, while some can be positively affected. Therefore, save enough money (fiat, gold, BTC, whatever) and look for opportunities.

Since this will be the first recession since Bitcoin founded, we still don't know for sure how it will affect the price.

Everyone should be worried about a catastrophic recession. That will have a negative effect to most of the countries. A global economic meltdown is not fun at all. It would be fun if the effects are only felt by the financial districts and wall street, and the rich stock exchanges, and all those who are wearing coat and tie. But you know what, this stupid recession, which is basically another invention of the rich and elite, are affecting mostly the poor people. When it comes, it takes away a portion of the portfolio of the elites, but it takes away the food of the poor. 

Global economic crises occur periodically and they cleanse the global economy. This is a natural process and you should not be afraid of it. Moreover, cryptocurrency users are even very interested in how such a crisis will appear on the cryptocurrency price. It is expected that as the crisis approaches, the price of cryptocurrency will rise significantly, as people will look for ways to avoid the effects of rising inflation.

It's all a big ponzi game of musical chairs, I guess now you're seeing it, most of us took a while to realise this.

Which is good for us I guess, but does little to affect the outcome of things unless we stop contributing to the system -- but realistically, how many of us are able to do that?

Short of simply going off grid and making sure you never take out another loan, or use a government service (which needs to be run by money, and added to budgets and therefore racking up national debt), or even subscribing to anything linked to the current system, we're all beholden to the old world of banking and finance.

But it's not too late for the next generations, if we act now. Difficult to think that far ahead, but for those of us who can, we should. Start simple. Use Bitcoin.

That's a strong indication that recession is further off than people think. Everyone is expecting it. When the crash finally hits, very few will be prepared for it. We're up for at least one more round of exuberance and ATHs in the stock markets first, during which all this recession talk will die down.

Gold looks like it's up for a multi-month sideways/down correction but it's looking healthy for more upside after that.

They didn't pass any debt threshold.
They simply didn't pay their taxes.
Not paying taxes is a national sport there, just like in Greece, everyone wants as many freebies from the government as possible but when it comes to paying back....nothing.

And the scale is just because they finally did something against it.
Try not to pay a fine in the EU, let's see what happens in a year, not in a decade like in Turkey.

Actually


O yeah, the miracle cure...
Let's see, what could be better than people losing their jobs, savings, governments in collapse not able to provide healthcare, order, basic utilities.
Wonder why Venezuela isn't saved by almost a decade of recession. They should be super fine by now.


Because it's becoming tiresome!
2010 - a bigger crash will follow
2011 - we avoid a serious crash but another one will come
2012 - it's all false there was no recovery, the crash will happen
2013 - one year till the crash
2014 - it's time for the next crash
2016 - all the signs point to a crash
2018 - yeah, there was no crash int he last years but another one will happen
2019 - my miracle we avoided another one but.
..............................
2050 - swear to god a crash will happen

Yeah, a bubble burst, a crash, a recession will happen eventually.
But predicting one every time a dog in China takes a piss is pretty annoying.



Wealthy nation? Venezuela in it's best years was on par with Croatia in GDP per capita and it never matteredin the global economy.

Sounds like a familiar throwback to the 2008 global financial crisis doesn't it.

Central banks around the world are lowering rates because they forecast below average growth rates in general and low inflation, which is not always a good thing given the fact that it can directly feed into a recession. What should be a neutral policy rate in Australia would be around 3%, but instead the rate is at 0.75%.


Certainly, especially when considering the fact that both precious metals and BTC are currently undervalued in my opinion. The fact that both of these asset classes have no affiliation with the fiat economy will help it retain value in times of crisis.

So now your point is the pending recession is already causing a collapse in the crypto market? FYI, US and Europe might be dangerously close to a recession but it doesn't mean It will eventually come. Right now, Trump is taking measures to ensure everything goes back to normal but with a growing debt and fewer jobs, It might go the other round. If it does, Crypto market might just be a whitelist as fiat currencies USD, NZD, EUR, might take some serious beatings and Bitcoin alongside Altcoin might (just maybe) become the new gold especially in times of recession like this one where people are moving out their funds from fiat.

I've never seen a recession during which Gold's price shrunk? It actually soared during the 2008 crisis and had its all-time high during 2011. It doesn't make sense otherwise. Here's info from The Balance (https://www.thebalance.com/gold-price-history-3305646):

"Gold shot up to $869.75 per ounce during the 2008 financial crisis. The price of an ounce of gold hit an all-time record of $1,895 on Sept. 5, 2011, in response to worries that the United States would default on its debt. Since then, it has fallen, as the U.S. economy has improved and inflation remains low."

I did not link fiat collapse to recession. But as far as I know, fiat doesn't get stronger during such times.