There was 172 financial crosses from 1992 .Bigger or smaller.Now we have serious trade war
It looks like always there is some financial crisis.Now there is huge financial crisis in Argentina peso is devaluating rapidly.There is very huge economic crisis in Italy.Italian are leaving his country to find better life
It always depends how big and real will be next financial crisis.But current trade war may cause a lot of problems
for worldwide economy
Topic: Financial Crisis Will Come - page 17. (Read 19916 times)
What we consider as economic crisis today has little in common with what happened in that day and age, with thousands of people literally starving to death in the streets.
IMO the reason why the effects of financial crisis were worse in those days was that the elites could get away with it. In 1931 the Fed just did nothing and watched banks fail across the world (including the US) and the economy dive into the worst part of the Great Depression. Ben Bernanke 'apologized for the mistake,' but the objective fact was that the massive deflation reduced the degree to which the dollar had to be devalued against gold, and helped support the system in more ways than one.I don't think so. The Fed didn't actually do nothing. Let's not forget that it was the time that the Federal Reserve Notes came about, which are now known as the American dollar. The true dollar which was fully redeemable with gold ceased to exist soon thereafter. Let's not forget either the confiscation of both metal gold and gold certificates in 1934. In this manner, you can't say that the Fed did nothing. They may in fact have been too late to react but this is certainly not because of "the elites could get away with it". They just lacked required knowledge and understanding of the situation.
I'm not sure how the actions you mention amounted to relieving pain (which is the topic under discussion here.) Can you explain? If anything, they gave the elites power to impose more pain to help save their system. (E.g. confiscating gold from Americans probably reduced the degree to which the dollar had to be devalued against gold.)
The only difference today is, democracy is stronger, and the elites can't go that far any more. The election of nationalist populists across Europe and America just now shows that people will not take pain lying down, whether or not they understand what is really the problem.
Do you really believe in this yourself? It is kind of accepted truth that the level of democracy in the US has been declining steeply over the last few decades (since Reugan times).
If the shit hits the fan in earnest throughout the world, cryptocurrencies will be worth next to nothing. People simply don't know what real crisis and economic meltdown means in practice as they never saw the one (in developed countries, at least).
When the shit hits the fan, most likely cryptos will be worth a lot more. The reason is that, one way or another, the elites will have to devalue state money against non-state money to inflate away the debt, plus keep life more or less comfortable, plus keep their state money stable, at the same time.
So far it is cryptos which are going down, even without any serious financial crisis knocking on the door.
Ha ha, I guess we'll have to see!
Theoretically the finacial crisis could come in three month if Italy decides to break away. I expect it rather next year or the one after tho. It will be a ground breaking event politically.
Thanks, nice stuff to read, I truly believe crypto assets could become a part of hedging strategies, because they are indifferent to politics
Financial crisis are inevitable, it will come. But I think it won’t be in the near future
Well in my opinion financial crisis will not come depends on how people manage their financial budget. It people know and knowledgeable about the technique of managing it properly crisis in the future wont happen.
Quite difficult to say that in coming 2019 we may have the financial crisis unless their is some biggest scam starts to take place or get exposed that it may the case else things infact should be positive and across world we might see new trades and economic growth happening in the world.
Financial Crisis will come whether we like it or not and I predict it will be very soon. For me, it is the time for opportunities to buy and hold assets.
The gold standard period was not free of crises (as the OP states,) but the 'fiat money period' since 1971 has been the most financially unstable period in the modern age, with the possible exception of the period before and during the Great Depression.
I have to disagree with that. If we take developed countries, that is the countries with more or less sane economic and financial policies as with fiat it is easy to shoot off not just your foot but your head as well, the crises since 1971 have been nothing in their scale and effect compared to crises which happened in the second half of the 19th century and first half of the 20th. The past crises ultimately led to a devastating world war (two wars actually, but the second one was a continuation of the first). It could be said with a lot of reservation that we are living in a kind of permanent crisis, I somewhat agree with that, but it is shallow anyway and doesn't have the catastrophic consequences of the earlier ones.
I will deal with the rest of your post a bit later.
Remember, we're mainly talking about the top of the world system here. This means the UK pre-WWI, and the US after that.
The UK was free of major crises from 1866 to WWI, with the exception of 1890, and even then the real pain was tolerable. The US had no central bank before WWI, and so was not at the top of the world system, and so crises were more severe.
The outbreak of WWI has no agreed-upon causes. What agreement there is, is certainly not financial crises. But my theory is that Britain wanted to fight WWI because its gold-standard bubble was too fragile by this point and had to be transferred to the US and not to Germany. In this sense, there is a connection.
In 2 to 3 years time another crisis will come and at that time the crypto currency will flourish again with new all time high prices.
I think if fiat currencies will fall in value due to the upcoming crisis you predict, then high prices for crypto will be unavoidable, but that's not what we expect from crypto in general. What we expect is that the price of the most established coins in USD will rise while the purchasing power of USD will remain the same. Only this process we can call rising in the real sense of the word. Otherwise it will be just monetary depreciation of fiat currencies.
Financial crisis are inevitable, it will come. But I think it won’t be in the near future
Fine for us is to be ready for it, no matter, when it will come. If you would think about it before it will happen and prepare yourself for it, you will survive!
Correct, preparing for the the worse to come may help save you from the upcoming crisis ( if there is ). We should have plan for ourselves on how we can survive if there is crisis in the economy.
Yeah the financial crisis could happen, even the crisis ever hit a big country like US so that their currency is depreciated up to a few percent.
This is not a financial crisis. Any modern fiat currencies, even the ones of most developed countries, depreciate a few percentages annually. Does it mean that we are living in a state of a never-ending financial crisis? If so, doesn't it mean we can no longer call it a crisis? To me, crisis means going from good to bad or from bad to worse, abruptly and strongly, definitely not something which is here to stay for years to come.
What we consider as economic crisis today has little in common with what happened in that day and age, with thousands of people literally starving to death in the streets.
IMO the reason why the effects of financial crisis were worse in those days was that the elites could get away with it. In 1931 the Fed just did nothing and watched banks fail across the world (including the US) and the economy dive into the worst part of the Great Depression. Ben Bernanke 'apologized for the mistake,' but the objective fact was that the massive deflation reduced the degree to which the dollar had to be devalued against gold, and helped support the system in more ways than one.I don't think so. The Fed didn't actually do nothing. Let's not forget that it was the time that the Federal Reserve Notes came about, which are now known as the American dollar. The true dollar which was fully redeemable with gold ceased to exist soon thereafter. Let's not forget either the confiscation of both metal gold and gold certificates in 1934. In this manner, you can't say that the Fed did nothing. They may in fact have been too late to react but this is certainly not because of "the elites could get away with it". They just lacked required knowledge and understanding of the situation.
The only difference today is, democracy is stronger, and the elites can't go that far any more. The election of nationalist populists across Europe and America just now shows that people will not take pain lying down, whether or not they understand what is really the problem.
Do you really believe in this yourself? It is kind of accepted truth that the level of democracy in the US has been declining steeply over the last few decades (since Reugan times).
If the shit hits the fan in earnest throughout the world, cryptocurrencies will be worth next to nothing. People simply don't know what real crisis and economic meltdown means in practice as they never saw the one (in developed countries, at least).
When the shit hits the fan, most likely cryptos will be worth a lot more. The reason is that, one way or another, the elites will have to devalue state money against non-state money to inflate away the debt, plus keep life more or less comfortable, plus keep their state money stable, at the same time.
So far it is cryptos which are going down, even without any serious financial crisis knocking on the door.
New government departments will be set up that will regulate crypto-currencies and prepare new bills. As a consequence, this will lead to a new wave of popularity bitcoin and altcoins with a clearly stated benefit
Its possible that there will be financial crisis but I know we can overcome those challenges and can still hold and stand.We just need to prepare everything to overcome all struggles.
Such financial crises always have been a part of history. It really doesn’t matter whether the country is developed one or developing, financial crises always hit every country and every society. It has to come at any time so better is to prepare yourself for the best thing to handle. You must be ready to tackle every disturbing situations and for that you need to be educated about this world.
Well for me financial crisis will not come that is depends on how people manage their financial budget. it is about people making their choices under conditions of scarsity and uncertainty in our daily lives. if people will know and knowledgeable about the technique of financial managing it properly financial crisis will never happen.
Financial crisis are inevitable, it will come. But I think it won’t be in the near future
Indeed, the financial crisis is taking place in many countries. And the financial crisis e-money is also coming to us. We should take measures to overcome the financial crisis at this momentE-Money financial crisis you mean online business then i think it is true because they are showing that they are running profit but inside they are in deep crisis and only surviving on the manufactures default list. If you properly see then only some big names are surviving and other are dying and this big names (Whales) are starting to buy back them. But very soon just like 2008 banking financial crisis came same way another financial crisis is awaited.
Financial crisis will always be here, though not in all parts of the world but at some point, you will still see poor and struggling countries, as long there is a corrupt system this will never change, I am not against any religion or thpe of government, but if you take a look at the golds of vatican, buddhists, once they sell it all, you can help a dying nation, if we check on Venezuela, the country used to be rich back then, but now it is falling apart, however its neighboring countries aren't, I think this is what will happen once every nation experience financial crisis at the same time, thos who are in power, politically, socially and religiously will be the one that will survive financil crisis, and the rest will be left out, fortunately for us, we already know crypto currency and it will save us once things like it happens.
You are indeed correct. Financial crises and other problem relating to economy are most of the time a result of some selfishness of those who are in the position or those who habe great power in manipulating the place or society. It is indeed in cryptocurrency the freedom from all of them. Financial crisis are inevitable, it will come. But I think it won’t be in the near future
Indeed, the financial crisis is taking place in many countries. And the financial crisis e-money is also coming to us. We should take measures to overcome the financial crisis at this moment
Financial Crisis Will Come are the rules of the economy such as wanting a beautiful spring, we will spend the winter cold or want to have green plants have to go through the leaves to grow green
It's almost too good to be a coincident that as soon as the world started using fiat based currency, or currency that was able to be issued on fractional reserves, financial crises around the world started happening at a much faster pace.
That's simply not true. Before WWI there was a never ending succession of economic crises in industrial countries like US, Germany, England, etc which were all on gold standard then. It can be said that the war itself was an inevitable outcome of this economic dead end.
The gold standard period was not free of crises (as the OP states,) but the 'fiat money period' since 1971 has been the most financially unstable period in the modern age, with the possible exception of the period before and during the Great Depression.
I have to disagree with that. If we take developed countries, that is the countries with more or less sane economic and financial policies as with fiat it is easy to shoot off not just your foot but your head as well, the crises since 1971 have been nothing in their scale and effect compared to crises which happened in the second half of the 19th century and first half of the 20th. The past crises ultimately led to a devastating world war (two wars actually, but the second one was a continuation of the first). It could be said with a lot of reservation that we are living in a kind of permanent crisis, I somewhat agree with that, but it is shallow anyway and doesn't have the catastrophic consequences of the earlier ones.
I will deal with the rest of your post a bit later.
When John Taylor began to recollect the years leading up to the financial crisis, his rage raged again. The economy will sometimes fall into a state of crisis and they will be restored to the storm of their development.
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