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Topic: global economy collapsing this fall (Read 1569 times)

legendary
Activity: 1806
Merit: 1024
September 28, 2016, 08:42:22 AM
#46
I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!
could you see it happening within 10 years?

Clearly, yes! I could see it happen within three days. It's just extremely difficult to predict the exact point in time. It's a certainty that the existing fiat regime is terminally ill. However with extraordinary measures some patients can be kept alive in coma state for weeks...

For example, if you look at Argentina and Venezuela the death process can be significantly prolonged - although I'd say that the state in Venezuela is already very close to apocalypse. The difference between these countries and the U.S. / the EU is however, that the Western countries have much more significant financial dependencies that can have a much bigger influence on the real economy / the people and could rule out such a "slow death"-scenario.

A breakdown of a major bank (for example Deutsche Bank) could easily trigger a chain of events that might quickly get out of hand...

ya.ya.yo!
hero member
Activity: 3150
Merit: 937
September 28, 2016, 07:10:37 AM
#45
It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

No,the global economy won`t collapse.

The global economy needs huge changes to be made in order to start growing again.

The USD is still strong and it will remain strong,if all the people on the planet continue to use it.
legendary
Activity: 1176
Merit: 1017
September 27, 2016, 08:24:30 PM
#44
The world is a pretty volatile place in current times....There have been quite a few economic doomsday predictions for this fall but, then again, there were quite a few for this past summer and spring too.  I'm economically prepped but I think there may be bigger problems on the horizon then cash flow....What's a dollar gonna do when there's no place to spend it?  I don't know....I think we might be heading for a non-currency based struggle soon.

Knowledge is the best investment....
sr. member
Activity: 434
Merit: 250
September 27, 2016, 05:27:46 PM
#43
Not sure if it will happen in our lifetime, but eventually the world will be something straight out of a Mad Max movie.
Owning some land and some gold (not being 100% invested in fiat currency) is probably one of the smartest things a person can do.
Guns and gold are probably the safest investment in all honesty. Tongue
legendary
Activity: 2926
Merit: 1863
September 27, 2016, 05:02:58 PM
#42
...

I have been a growling BEAR since Jimmy Carter (late 1970s for you young 'uns).  I even had a 90-acre plot of land in case the SHTF for a few years.

I think it is always best to be prepared, giving some thought & taking action re BAD SCENARIOS.  Buying gold, etc.  And so that makes me more bearish than "average".

Yes, Deutsche Bank may be the domino that knocks all the others down, with perhaps terrible results.  But, this 60-year old bearing & gold guy has been looking at this stuff for a LONG time.  And it doesn't seem like it is ready to collapse yet.*


* Given that, maybe I have a "Normalcy Bias" that prevents me from seeing...  But NO ONE can reliably predict the future.  Best be flexible and ready for almost anything.
legendary
Activity: 3276
Merit: 2442
September 27, 2016, 01:17:42 PM
#41
Check this out:

http://www.investing.com/equities/deutsche-bank

Do you see what i see? I see a big smoking pile of SHIT!

Do you know what that shit means? It means that shit is about to collapse. There are only two ways out.

1) Merkel aids the shit by printing money, so all EUR holders share the damage. (Will make lots of people angry)
2) They let it burn and countless banks will die along with that big shit. (Gonna make lots of lots of lots of people very very very angry.)

Solution: Buy gold. It is shitproof.
legendary
Activity: 2786
Merit: 1031
September 27, 2016, 01:13:13 PM
#40
It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

Ain't nobody got time for this shit anymore.

It's like the end of times, after you survive 25 apocalypses you don't care anymore...
member
Activity: 89
Merit: 10
https://www.youtube.com/channel/UCFZEGJo43fObLP1GV
September 27, 2016, 12:58:11 PM
#39
I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!
could you see it happening within 10 years?
legendary
Activity: 1274
Merit: 1004
September 27, 2016, 11:03:40 AM
#38
well its hard to track what is usd price is going to but i know it will not be collapse so soon or ever it is worlds 1st ranked currency :p
legendary
Activity: 1274
Merit: 1004
September 27, 2016, 11:03:02 AM
#37
well its hard to track what is usd price is going to but i know it will not be collapse so soon or ever it is worlds 1st ranked currency :p
legendary
Activity: 1806
Merit: 1024
September 27, 2016, 10:20:29 AM
#36
I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!
sr. member
Activity: 285
Merit: 250
September 27, 2016, 09:20:17 AM
#35
I doubt it, anyways like last time in 2008, I am sure the US government will bank us all out with the tax money that the people pay them and still not take any action towards improving the situation.
It is good there where we are not ! You have lived in Ukraine and then would understand that You can't complain to Your government. There earn 150-200 $ per month. And rates for the year grow up twice.
sr. member
Activity: 434
Merit: 250
September 26, 2016, 04:59:12 PM
#34
Yeah I'm trying to figure out what to invest in for when the economy eventually collapses.
Probably guns and ammo would be the best. And some precious metals for trading since eventually fiat currency will be worthless.

It may not happen in our lives, but there is definitely some Mad Max times coming in the future.
I feel bad for our children and grandchildren. We are probably living in the last of the "good times".
legendary
Activity: 1106
Merit: 1005
September 26, 2016, 04:26:37 PM
#33
They say this every fall, sometimes even with specific dates.

The economy is in a bad state, and it will get worse pretty soon, but it's impossable to predict the date or even the season (and very hard to even predict the year).

They have been kicking the can over and over, and they may or may not kick the can a few more times.

Eventually it will have to end somewhere.
sr. member
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
September 26, 2016, 03:08:49 PM
#32
It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?
No way not atleast this year but yes maybe after one decade or sooner if Trump becomes prez

IMO, Trump will be better than Hitlery for the global economy. Things will get interesting if he is elected as the POTUS. There will be a US vs China trade war, and the real winners will be the other countries such as Japan and the European Union. Also, crude oil prices are likely to remain in the 40s or 50s, which will reduce the possibility of an economic collapse.

If Hillary is becoming the president of US, it'll be the start of WW3. She already did declare this, so it's not about conspiracies anymore. I wish it was, but... At this moment, we're trying to actually chose the smallest danger of our country. Two dangers, we gotta choose the smallest one. This is it..
thats bullshit, if trump gets elected then the war will start because usa and russia would become allies
hero member
Activity: 658
Merit: 505
September 26, 2016, 01:26:01 PM
#31
Summer is over so we have another dark scenario for the rainy days. Global economy is not in its' best shape but we'll stil have to wait for a while for a total crash.
legendary
Activity: 1358
Merit: 1014
September 26, 2016, 12:58:09 PM
#30
More and more people are jumping on this bandwagon. Of course Jeff Berwick from Dollar vigilante is also on this, Alex Jones and all those guys. I think it's bullshit. I keep hearing about the end of the dollar for a ton of years now and it never comes. I think the USD is already dead and what we see is a zombie that refuses to die.
hero member
Activity: 952
Merit: 516
September 26, 2016, 10:42:04 AM
#29
Aren't we already on a collapse daily? No, seriously every year they keep saying a collapse will happen without realizing that it's already happening year after year? My house was worth 200k and now I may not even be able to sell it for 50k, if that's not a collapse I don't know what is.

Maybe your reference point is skewed.
Just because one asset bubble has burst doesn't mean that the global economy has collapsed.


What I mean is that every year it's worse and worse, there hasn't been a collapse yet. Anyways if there is ever a global collapse bitcoin users would profit??
legendary
Activity: 2940
Merit: 1083
September 26, 2016, 01:52:27 AM
#28
It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

Again we should not believe to what just people say in videos or blogs. This are their opinions, i can do it also if I want to. I will just get some facts connect it somehow then there it is a new story that is almost true.
legendary
Activity: 954
Merit: 1000
September 26, 2016, 01:11:19 AM
#27
nobody could predict a global economic collapse and it cannot be predicted that it would collapse this fall,if that is so easy we would see many billionaires from these collapses as they would sell all their assets and will wait for the collapse to purchase again,as it is noted earlier these kind of collapse does occur due to series of events,i personally hope and wish that these things does not happen anytime soon
Well back in 2005 we did have a few people predict the crash and they did earn a lot of money on it as well. You should watch the movie Big Short for it. The global economy depends on the US market for a lot of things, and when the US market goes down, a lot of the other economies follow as well.
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