This has already been predicted since months and people are actually making some comments so as how we could actually be benefited by holding cryptocurrencies and all when the government and the banks are going down , what I think is the government is more developed today and will be able to handle these quite efficiently , if it does happen I think we need to be prepared in every way possible.
Topic: A huge recession could be on its way - sources - page 4. (Read 699 times)
That's some good analysis for sure mate, it's crazy how fast everyone's debt is going up with the new tech leaps we are seeing.
There is something foreshadowing from all of these events with banks you've listed and it does make a lot of sense there is a recession on the come up.
Crazy work Kevin, nothing much I can add here except mostly agreeing with everything your saying. There's a very real chance this does happen.
There is something foreshadowing from all of these events with banks you've listed and it does make a lot of sense there is a recession on the come up.
Crazy work Kevin, nothing much I can add here except mostly agreeing with everything your saying. There's a very real chance this does happen.
We're taking a look at a world having more, MUCH more debt than it generates. It's getting closer and closer to the impossibility of paying the many-trillions debt and that's sad because it means the chance of a recession just got boosted.
Something weird is going on now with the bank accounts. I just read a thread here regarding India's bank accounts being wiped (https://bitcointalksearch.org/topic/bank-crisis-hits-india-many-accounts-wiped-out-people-left-with-nothing-5191378) and it reminded me of an article I read only a few days ago regarding the Turkish bank accounts being frozen up. This doesn't look like a coincidence to me, and what's scarier is the amount of events worldwide we're waiting to happen, the biggest ones being Brexit and the American elections getting closer. We're confronting many economical events and that could bring down the system. It's good for those who've prepared, but it's gonna be a pain for whoever isn't ready for it.
Here's the source of the Turkish government freezing up +3.3million bank accounts: https://news.bitcoin.com/turkish-government-freezes-over-3-million-bank-accounts/. That's a creepy number, it affects over 4% of Turkey's population. What's even scarier is the reason they've frozen up their accounts is because they had passed a debt threshold, now go back to the first paragraph I wrote here and read that again: the chances of being able to pay the world debt is getting closer to impossible.
Only a recession could save us. This is not a bubble anymore, there's something bigger coming up. Now it's not about the USA, it's about the entire world being stuck here. Many say the consequences of a recession cannot be clearly predicted as it differed completely from one crisis to another, but I think it is pretty clear that a recession happening today would have a disastrous aftermath.
Take it back to a few months ago when we had the yield curve inverted (https://markets.businessinsider.com/news/stocks/yield-curve-inversion-deepest-since-2007-flashes-recession-signal-2019-8-1028478146). It wasn't the first sign of a stock crash, but it was a very good warning for anybody who hasn't prepared yet for what's to come. If 5 years ago mentioning a stock market crash was stupid, today more than 50% of my friends think it's on its way. That's confirmed by some statistics made by Business Insider (https://markets.businessinsider.com/news/stocks/next-recession-metlife-survey-shows-americans-expect-one-arent-prepared-2019-10-1028591353).
Now to whoever isn't prepared and is wondering what they can do to prepare, there isn't really a "recipe" of getting yourself and your family ready for what's to come. Bitcoin hasn't been through a recession before (ignore the 2009-2012 one as almost nobody used BTC at the time), so the price would probably go absolutely crazy as nobody will know whether in a recession BTC could be considered a safe haven asset or not due to the fact that it only works through electronic devices.
I'd suggest having both a reserve in precious metals and in BTC. If a crash happens, you have both of them and I can assure anybody the price of silver and gold would rise substantially in case of one. In fact, it's not the price of the precious metals rising but the fiat currencies being slowly devalued by the crisis.
It's scary, but it'll happen sooner or later. I don't understand how somebody could take it as a joke or as a very small probability... it's happened so many times before, it's an usual period of the economy. We have even Warren Buffet predicting a recession (https://www.ccn.com/billionaire-warren-buffett-predicting-a-stock-market-crash/).. But millennials haven't been through a recession yet so not going through something your entire life might make you believe it's just a story and will always be like that.
Something weird is going on now with the bank accounts. I just read a thread here regarding India's bank accounts being wiped (https://bitcointalksearch.org/topic/bank-crisis-hits-india-many-accounts-wiped-out-people-left-with-nothing-5191378) and it reminded me of an article I read only a few days ago regarding the Turkish bank accounts being frozen up. This doesn't look like a coincidence to me, and what's scarier is the amount of events worldwide we're waiting to happen, the biggest ones being Brexit and the American elections getting closer. We're confronting many economical events and that could bring down the system. It's good for those who've prepared, but it's gonna be a pain for whoever isn't ready for it.
Here's the source of the Turkish government freezing up +3.3million bank accounts: https://news.bitcoin.com/turkish-government-freezes-over-3-million-bank-accounts/. That's a creepy number, it affects over 4% of Turkey's population. What's even scarier is the reason they've frozen up their accounts is because they had passed a debt threshold, now go back to the first paragraph I wrote here and read that again: the chances of being able to pay the world debt is getting closer to impossible.
Only a recession could save us. This is not a bubble anymore, there's something bigger coming up. Now it's not about the USA, it's about the entire world being stuck here. Many say the consequences of a recession cannot be clearly predicted as it differed completely from one crisis to another, but I think it is pretty clear that a recession happening today would have a disastrous aftermath.
Take it back to a few months ago when we had the yield curve inverted (https://markets.businessinsider.com/news/stocks/yield-curve-inversion-deepest-since-2007-flashes-recession-signal-2019-8-1028478146). It wasn't the first sign of a stock crash, but it was a very good warning for anybody who hasn't prepared yet for what's to come. If 5 years ago mentioning a stock market crash was stupid, today more than 50% of my friends think it's on its way. That's confirmed by some statistics made by Business Insider (https://markets.businessinsider.com/news/stocks/next-recession-metlife-survey-shows-americans-expect-one-arent-prepared-2019-10-1028591353).
Now to whoever isn't prepared and is wondering what they can do to prepare, there isn't really a "recipe" of getting yourself and your family ready for what's to come. Bitcoin hasn't been through a recession before (ignore the 2009-2012 one as almost nobody used BTC at the time), so the price would probably go absolutely crazy as nobody will know whether in a recession BTC could be considered a safe haven asset or not due to the fact that it only works through electronic devices.
I'd suggest having both a reserve in precious metals and in BTC. If a crash happens, you have both of them and I can assure anybody the price of silver and gold would rise substantially in case of one. In fact, it's not the price of the precious metals rising but the fiat currencies being slowly devalued by the crisis.
It's scary, but it'll happen sooner or later. I don't understand how somebody could take it as a joke or as a very small probability... it's happened so many times before, it's an usual period of the economy. We have even Warren Buffet predicting a recession (https://www.ccn.com/billionaire-warren-buffett-predicting-a-stock-market-crash/).. But millennials haven't been through a recession yet so not going through something your entire life might make you believe it's just a story and will always be like that.
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