Fed doesn't have rescue plan neither other central banks

Faisal2202

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Quote from: Parklane777 on February 18, 2024, 08:06:16 AM

No rescue plan this time we are going to correction and delevering all the assets.
Those who are ready Will know those who are not will wake up morning and will find out over night their years of hard work wealth is gone all.

How can you say for sure that they don't have a rescue plan, and the big thing is how can you say they are going to need one? I can assume you are fearing the 2018 financial crisis, if that's the case, then I suggest you don't have to because at that time, people were trusting banks and other centralized platforms a lot, but now people have seen the true potential and things they are doing with our money and they don't want it to happen anymore. And we have BTC now. Which we don't have at that time.

We should diversify our portfolio, like not only into BTC, or Gold, but real Estate can be proved as a good source as well. There are plenty of other options, but the main motive should be to diversify our portfolio instead of keeping it in Banks only, But saying such words to a traditional person can make you look dumb, they would say, banks are the backbone of financial structure of the country and you don't want to use them which will make them useless and your country face problems, but that's not really true because crypto and banks are directly or indirectly are related to each other.

avikz

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Quote from: Parklane777 on February 18, 2024, 08:06:16 AM

If the fed or another central bank have rescue plan than we would see this all ready.
Becouse when fed moves it's visible but nothing If so than 2024-2025 year will be the year of biggest loss.
A lot people become poor and a lot banks will lose customers money companies will foreclose and a lot clients funds will disapere,insurance companies not going to have enough funds either.

Your only wealth are the crypto in your wallet the gold in your home or Silver and cash in your pocket anything else can just disapere and nobody to blame on this.

Finances not teached in School If it would given the current situation people would panic everywhere.

No rescue plan this time we are going to correction and delevering all the assets.
Those who are ready Will know those who are not will wake up morning and will find out over night their years of hard work wealth is gone all.

Or, FED will print trillions of dollars without letting anyone know and might come back with a bail out package for the banks. In any way the value of US dollar is going to be decreased. It is great to see that a lot of countries are slowly decreasing their dependencies on US dollar for international trades.

Not sure about the cryptocurrency, but in such situations, precious metals like gold shine at its best. Don't go all in with crypto. Buy precious metals to keep the value of your wealth intact.

Coyster

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'Life's but a walking shadow'!

Quote from: Parklane777 on February 18, 2024, 08:06:16 AM

A lot people become poor and a lot banks will lose customers money companies will foreclose and a lot clients funds will disapere,insurance companies not going to have enough funds either.

Even if banks don't fail and lose your money, the value of whatever you keep in the bank is devaluing as inflation gets higher and the economic situation gets worse. Of course there are currencies that are strong and countries that have a healthy economy, like the U.S. dollar and the U.S. economy respectively, but the fiat currencies of many countries is not worth storing in the bank these days, you'd watch your savings lose value everyday.

Quote from: Parklane777 on February 18, 2024, 08:06:16 AM

Your only wealth are the crypto in your wallet the gold in your home or Silver and cash in your pocket anything else can just disapere and nobody to blame on this.

Crypto is a general term that includes altcoins, and i don't trust majority of altcoins, they are mostly centralized and can also disappear. If your coins is stored in Bitcoin and you have control over it (not that you store it in an exchange), then you can expect your funds to appreciate in value overtime and definitely not depreciate.

Bitco55

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Quote from: Parklane777 on February 18, 2024, 08:06:16 AM

If the fed or another central bank have rescue plan than we would see this all ready.
Becouse when fed moves it's visible but nothing If so than 2024-2025 year will be the year of biggest loss.
A lot people become poor and a lot banks will lose customers money companies will foreclose and a lot clients funds will disapere,insurance companies not going to have enough funds either.

Your only wealth are the crypto in your wallet the gold in your home or Silver and cash in your pocket anything else can just disapere and nobody to blame on this.

Finances not teached in School If it would given the current situation people would panic everywhere.

No rescue plan this time we are going to correction and delevering all the assets.
Those who are ready Will know those who are not will wake up morning and will find out over night their years of hard work wealth is gone all.

It was really difficult trying to understand what you were saying, but I think you're talking about how people shouldn't leave their money in the bank since the economy is going down right?

If that's what you were trying to say then I totally agree with you. This is the right time for people to store their wealth in crypto wallets and gold or land and other assets. Storing your money in bank features like fixed assets would be a solid loss as continuous loss of value would affect the locked funds.

Parklane777

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If the fed or another central bank have rescue plan than we would see this all ready.
Becouse when fed moves it's visible but nothing If so than 2024-2025 year will be the year of biggest loss.
A lot people become poor and a lot banks will lose customers money companies will foreclose and a lot clients funds will disapere,insurance companies not going to have enough funds either.

Your only wealth are the crypto in your wallet the gold in your home or Silver and cash in your pocket anything else can just disapere and nobody to blame on this.

Finances not teached in School If it would given the current situation people would panic everywhere.

No rescue plan this time we are going to correction and delevering all the assets.
Those who are ready Will know those who are not will wake up morning and will find out over night their years of hard work wealth is gone all.

Topic: Fed doesn't have rescue plan neither other central banks (Read 46 times)