Topic: Financial Crisis Will Come - page 18. (Read 19865 times)

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. the financial crisis could happen in your country and you should be prepared for it. will probably make your currency dinger inflation. then make a preparation for it, possibly you can make back up funds in such as in gold, real estate, etc that are not affected by the crisis and inflation..

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.

the financial crisis will always be from year to year, depending on how we deal with it, there is some in this world that even to get water alone is difficult, while the other part is very abundant. who can be blamed?
of course no one wants to blame, the powerful person of course has the power to save himself, every country in crisis will of course fall apart, so people race to buy assets like gold, silver, and the last crypto that can prevent that happening when the crisis occurred.

,in short you must be prepare for survival when the time comes, aside from that nobody could tell when it will strike or it will happen, and although you are prepared as much as you have, there will still be some consequences but that is fine because from time to time it will not be that big enough to be your major problem when it happens.

The best way to be prepared for a global economic crash is to have all of your basic needs taken care of, meaning that you either have cash to buy food (but more than likely needing something else since the value of a currency can drop dramatically) or you have a stored supply, along with all of your other necessities such as utilities, mortgage/rent, whatever else, able to be paid over a long duration. It's even better to not have any asset expenses and to have a bunch of cash on hand, since you can buy everything cheap when it goes down the toilet. But that has its own risks, and making sure you have a roof over your head and food on your table, consistently, must be your priorities.

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.

Maybe that's the truth, but when something takes place in such a manner automatically it loses the trust of people who were the sole strength for the growth of the community. As mentioned the fluctuations taking place frequently keeps the people in a dilemma whether this will be successful or not. When such a thought gets arisen, it needs some sort of growth to stay good in the market.

That was an interesting read, I just wish I was more familiar and understood at a deeper level how economies work. Like you mentioned that in 1890 England was bailed out by banks, and it just doesn't compute in my head, I guess because they were invaders of other countries. I'm just going to have to read books about the subject.

You cannot even call this a hypothetical question because the US dollar will not crash to zero like you anticipate but there will be changes in valuation but it will be adjusted accordingly, all of the exchanges allow crypto to be traded in different trading pairs and the value will not go down even if it is evaluated in terms of dollars.
I my view these financial crisis are cyclic and now the major difference is that it is happening frequently now.

I don't understand why you think the crisis was a mortgage crisis. Real estate is an expensive asset so it fell demand first. People always start saving on the most expensive costs. This crisis of overproduction. No one wants to buy new goods and this leads to stagnation of production and job cuts. In fact, the crisis is not over. It spreads in waves.

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!

I do not really understand where the previous crisis dissolved, if a new one is about to start soon? In fact, one can not consider each market collapse separately. Those crises that we see now are all the same consequences of the mortgage market crisis in the US. It is high time to recognize that the crisis is of a profound systemic nature and one can not find a way out of it without radical changes in the world economic system. My prediction is that it is crypto that can become this tool.

Hopefully the global economic crisis in the world does not have a bad impact on bitcoin.Walau will certainly affect the big or little later influence. We just need to prepare a new strategy to deal with the global crisis that will happen.

Yes, the system is corrupt and there will be financial crises.

An important thing, though, is that the world is arranged in a top-down imperialist ladder.  Financial crises happen more often, the lower down the ladder you are.

One of the reasons is that, the crises lower down the ladder actually help keep the system stable for the countries at or near the top.  (Everyone will want dollars when an emerging market crashes, even though dollars themselves have been over-printed!)

Another reason is that it's easy for the top countries to put pressure on lower countries by *lighting the fire* of a financial crisis.  This helps top countries enjoy the obedience of lower countries in all policies.  The Fed could stop the suffering in Venezuela tomorrow by opening a swap line between bolivars and dollars, but it won't, because, in fact, Venezuela has been disobedient and must be made an example.

Financial manipulation is only half the reason why 'fiat money' is alive.  The other half is the imperial system.

Yes, I understood what you meant to say. It is the word "final" that makes all the difference here. You know it's a difference that makes the difference. The point is that you don't have to settle accounts with everyone you transact with, I mean in physical gold. We can easily make cashless, or goldless transactions without having to actually move gold anywhere until we go for a final settlement. For example, I owe you an ounce of gold, you owe to Alice, and Alice owes to me, so no one owes anything to anyone and no gold is hurt in the process. The main issue is that, though, I should always have that ounce of gold in my vault until my debt is fully extinguished but it is another question.

Thanks for that and I might visit that if I have the time. Maybe I am a pessimist but that is according to my own observance only.
I dont really care about how the others will think after I shouted what I want.


Small or a large group it might make a change.
I remember drinking with colleagues and they have news that I am on crypto currency. I mean they know I am making some money out of it.
Suddenly they start asking about this and that and some more.
They didn't say they want "in" but the fact that I have just implanted a seed to their brains for them to think about is a big deal for me.

With this, it could be a huge change.
Trading Market. I just heard about that since I joined supporting bitcoin. But before I dont even have an idea.
See that? It is change and crypto currency will do more like that to different people.

I agree with that as well, there was already prediction that it will happen in the future wherein each country will ask for the help of cryptocurrency for them to go up with the crisis that they are encountering and I can see very clear that it could really possibly happen in the next coming decades.

this is a solid and complete information that I have read and become a topic of conversation, I admit many good journey of history is also a record of world economic journey that we can develop and we can analysis as data support an economic success, and world of crypto including bitcoin in it become wrong one of the world's economic appeal from the technological era, I strongly agree that cryto or bitcoin will become one of the tools of transactions and even future forms of investment that are legally valid by the recognition of the world, and support one of the economic forces individually, may be useful and success for all of us

Really thinking here

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.

The gold standard was not essentially different from the 'fiat money' system we have today, if you think about it.  But the rate of elite-driven financial inflation did seem to be slower in those days.


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.

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.


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.