Topic: Bitcoins Savior = Coming Economic (stock markets, currencies) Crash (Read 1177 times)
i've been saying this for a while.
June 05, 2013, 02:55:01 PM
With regulatory bodies breathing down our necks and the Fed investigating whether or not we are a threat to their hyperinflated USD, we really need the expected, and long overdue currency and market crashes to start to happen.
We need to give the people who are soon to lose a lot of savings hope that there is another choice outside of the USD and US stock markets. We also need to give people who are not blind enough to invest in stock markets and such, hope there there is something sound. A soundly managed currency like BTC can give us that. It can give us back a store of value. Of course it isn't really ready imo to be a world currency, but as a compliment, as well as a store of value, it is perfect. It will also open the door to other decentralized stateless currencies, if need be.
We need to create a barrier between us and both the regulatory agencies and the Fed, govt, etc. Stock market and currency crashes will give us that as the people will demand something outside of those corrupt institutions/policies.
Understand that I'm not saying this selfishly. I think this system has been propped up long enough and enough money has been stolen from the people. The longer inflated fiat currencies and stock markets stay afloat with what should be termed illegal means, the worse the crash will happen; the more the people and economies will be hurt. And when things crash, and it will, the banks will no longer be able to keep the price of silver and gold down through the paper markets. We might very well see a decoupling of physical gold and silver (and probably BTC) from currencies hit the hardest, possibly even the dollar though it still is the world currency. People will more clearly see what these criminals have been doing to us for a long time.
Its about sharing
http://www.bloomberg.com/markets/stocks/world-indexes/
We need to give the people who are soon to lose a lot of savings hope that there is another choice outside of the USD and US stock markets. We also need to give people who are not blind enough to invest in stock markets and such, hope there there is something sound. A soundly managed currency like BTC can give us that. It can give us back a store of value. Of course it isn't really ready imo to be a world currency, but as a compliment, as well as a store of value, it is perfect. It will also open the door to other decentralized stateless currencies, if need be.
We need to create a barrier between us and both the regulatory agencies and the Fed, govt, etc. Stock market and currency crashes will give us that as the people will demand something outside of those corrupt institutions/policies.
Understand that I'm not saying this selfishly. I think this system has been propped up long enough and enough money has been stolen from the people. The longer inflated fiat currencies and stock markets stay afloat with what should be termed illegal means, the worse the crash will happen; the more the people and economies will be hurt. And when things crash, and it will, the banks will no longer be able to keep the price of silver and gold down through the paper markets. We might very well see a decoupling of physical gold and silver (and probably BTC) from currencies hit the hardest, possibly even the dollar though it still is the world currency. People will more clearly see what these criminals have been doing to us for a long time.
Its about sharing
http://www.bloomberg.com/markets/stocks/world-indexes/
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