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Topic: Global financial crisis - page 8. (Read 1483 times)

newbie
Activity: 112
Merit: 0
August 07, 2018, 09:14:08 PM
#26
The global financial crisis last occurred in 2008 with the US crisis that has fueled the headline inflation economy with major unemployment due to the leadership of the OBAMA that has helped the economy. quick recovery
sr. member
Activity: 1400
Merit: 269
August 07, 2018, 07:09:47 PM
#25
This industrial monarchy of bankers will soon come to an end when people find out how great free currency is, bitcoin will become the new modern main stream currency available to be use for merchants, institutional investors and average joe's. It will be the savior from exploit, oppression from banking institutions.
hero member
Activity: 980
Merit: 507
August 07, 2018, 06:53:20 PM
#24
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?
The crisis can be any time from now. Trade war is going on China, Kim Jong Un has had meetings with Trump, Iran in on the verge of getting destroyed and a lot of shit. There is also recession everywhere, with increasing number of assholes in this world. Governments themself don't know what they are doing and possibly all this could turn into a huge and the biggest World War we have ever seen. The World isn't a good place and then there are people doing  #kiki challenge.
full member
Activity: 952
Merit: 104
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August 07, 2018, 06:22:59 PM
#23
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

Are you a prophet or something? There is no guarantee that a global financial crisis will occur. Only that could happen if people will become lazy and the government would not do things to avoid crisis on financial institutions.
jr. member
Activity: 149
Merit: 3
August 07, 2018, 06:05:53 PM
#22
I think you are worrying too much mate! Crisis can't be seen in the economy today. There may some problem in a financial institution but it does not need it goes to the crisis. Nothing is perfect dude so expect that the institution will fix those small holes in their system.
member
Activity: 462
Merit: 11
August 07, 2018, 05:46:45 PM
#21
What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
During the great depression there wasn't any safe heaven asset that will maintain a stable price.
The big crysis will first hit countries like Italy,with their huge goverment debt and problematic banks.

Countries with billions of trillions of dollar in debt will be the ones who will be hit the most if a financial crisis takes place. And people will find other ways to salvage what asset they have and find a safe haven like gold or cryptocurrencies and the first one to get or the first user will be the ones that will benefit the most as assets will flow like crazy into these markets.
legendary
Activity: 2478
Merit: 1360
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August 07, 2018, 02:55:08 PM
#20
If you know how the world works, our great leaders will do all they can to keep the economy going, even if it means sacrificing some of the population. What revives the economy? War. It helped Germany when it was in a crisis, it gave people a purpose. The pattern is always the same:
1. find a scapegoat (the Jews, the Vietnamese, the Iraqis)
2. use the media to set people against them and justify military action
3. attack and watch the industry kick in
4. steal what you can from the country
5. count the profits.
newbie
Activity: 23
Merit: 0
August 07, 2018, 02:18:00 PM
#19
There have already been several shocks[1], and the world has been able to control it, so I do not expect a global economic crisis was leading to the collapse of the entire financial system.
A breakdown may occur for some individuals, banks, large corporations or even countries, so diversification of the economy is the only way to avoid bankruptcy.
Gold[2] and cryptocurrencies[3] considered as an alternative economic pattern of the current system, so if there is a global crisis will be offset by a wave of rising/falling of other systems.
So far cryptos have not gained sufficient confidence as a guarantor of value, so it is better to invest in gold.

[1] https://en.wikipedia.org/wiki/Financial_crisis
[2] Macro-factors on gold pricing during the financial crisis
[3] How Would a Financial Crisis Affect Cryptocurrencies?

An entire collapse is unlikely with the system that we've built up. It's so intricate that it could never completely fall apart, it would just have to be restructured. Worst case scenario a "bail in" where tax payers rescue corporations... again.

Gold doesn't necessarily gain value during a crisis. It spikes during times of high risk, along with Franc, Yen, and (now sometimes) Bitcoin. It gets monkey-hammered by major banks though so never retains value. And it doesn't carry interest, so isn't that popular for institutional investors. That's not to say you shouldn't buy it, I always make sure to have some gold hanging around. Just don't expect it to skyrocket.
full member
Activity: 448
Merit: 100
August 07, 2018, 01:59:03 PM
#18
In fact losing money is not a big deal for the super rich, being rich having lots of money involves lots of risk and that does not end so those who are not rich should care about that.
legendary
Activity: 2170
Merit: 1427
August 07, 2018, 01:29:56 PM
#17
What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
If all fiat currencies start imploding, people will seek to dump money in that what they can use as a medium of exchange. Considering that Bitcoin is a far better medium of exchange than Gold, especially with smaller amounts, it's pretty easy to know where money will flow into.

During the great depression there wasn't any safe heaven asset that will maintain a stable price.
It's not about stable prices. It's about dumping your wealth into an asset that doesn't lose the majority of its value, and Bitcoin won't lose its value. If even 1% of the total world money supply ends up in Bitcoin, we'll see prices you can't even dream of right now.

In Iran there is currenty a crisis going on where the Rial has lost around 75% of its value in a short period of time. It's time for people to start hedging their fiat currencies by converting a certain part of their wealth to Bitcoin. Better safe than sorry.
member
Activity: 199
Merit: 10
August 07, 2018, 12:44:03 PM
#16
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?
I think that in some parts, this global economy crisis will be positive thing for us because it can continue with the world understanding that cryptocurrency is a new path for them. Economy needs to be evolved.
newbie
Activity: 238
Merit: 0
August 07, 2018, 08:05:24 AM
#15
The small crisis in another country i think have been done because for buy and to be eat everyday is very difficult
sr. member
Activity: 588
Merit: 251
August 07, 2018, 07:47:06 AM
#14
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?
Since 2007 almost no country has reported a decrease in the debt to GDP ratio. Debt which includes Government debt, corporate debt and household debt increases significantly. Some people who think of moving on bitcoin are increasingly hoping to improve everything, and as a result they have changed drastically in terms of an economy that is proven that bitcoin is very helpful.
member
Activity: 150
Merit: 12
August 07, 2018, 07:33:39 AM
#13
I do not understand about kakoy the new crisis is at issue in such posts. As far as I understand the 2008 crisis is not gone. The structural problems of the world economy are still being mitigated by the growth of some markets (such as the smartphone market and crypto for example), but the fundamental problems remained the same.
legendary
Activity: 2702
Merit: 4002
August 07, 2018, 07:23:36 AM
#12
There have already been several shocks[1], and the world has been able to control it, so I do not expect a global economic crisis was leading to the collapse of the entire financial system.
A breakdown may occur for some individuals, banks, large corporations or even countries, so diversification of the economy is the only way to avoid bankruptcy.
Gold[2] and cryptocurrencies[3] considered as an alternative economic pattern of the current system, so if there is a global crisis will be offset by a wave of rising/falling of other systems.
So far cryptos have not gained sufficient confidence as a guarantor of value, so it is better to invest in gold.

[1] https://en.wikipedia.org/wiki/Financial_crisis
[2] Macro-factors on gold pricing during the financial crisis
[3] How Would a Financial Crisis Affect Cryptocurrencies?
sr. member
Activity: 896
Merit: 253
August 07, 2018, 07:05:27 AM
#11
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

I don't know and I don't want to know. I hope that when that time happen I hope that I am dead already so that I could not experience any of that.
member
Activity: 350
Merit: 10
August 07, 2018, 06:59:49 AM
#10
I doubt if one can predict the exact year of a global financial crisis. What will happen is they will be events that will take place that will gradually lead us to a financial crisis that by the time they will be an actual crisis, we would not even need a crisis forecast to inform us. Are these events already happening? Yes, of course!
If this global crisis happens, then what is the market going to do? Then it will drag on other sectors of the economy to be affected. This will make new and inexperienced investors puzzled. But if this is a warning, people need to keep up their psychology, prepare for their backup plans. Especially preservation of property.
hero member
Activity: 1330
Merit: 569
August 07, 2018, 06:54:13 AM
#9
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

Global financial crisis is too broad to have been explained based on the factors that you have explained up there. If the factors you listed are anything to go by, it has to have involved virtually all the countries of the world for it to trigger a global financial crisis. On the issue that banks are feeling too safe, I will have to differ because banks over here have not been any tighter than before. Aside the from the various technological advancements that they have been deploying over time, the regulation has not be loosened rather its more and more ensuring they are on their toes by the Central government. They now ensure before loans are given out, the human relationship factor has been regulated to the background and I believe this is applicable to some other countries of the world.

Concluding that we are in the period of boom is definitely out of it because as some countries are witnessing boom which I can't substantiate, quite a number of countries are currently in economic quagmire and struggling to come out of it, inflation is dealing with others, foreign exchange for others, foreign sanctions on some others, trade wars on other countries and even in crypto, this period would be agreed to be other than boom. And if we are really in such situation, it does not amount to people seeing cryptos and gold as the next alternative.

The time to face the next crisis to me, is not anywhere close by.
jr. member
Activity: 364
Merit: 2
August 07, 2018, 06:43:44 AM
#8
If history is to repeat, the crisis surely comes. Moreover, it will happen suddenly when its never considering crisis. Because, if it can be predicted, it is not a crisis.In other words, my opinion is that the next financial crisis is when an event beyond human prediction has occurred.
copper member
Activity: 2940
Merit: 4101
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August 07, 2018, 06:40:51 AM
#7
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
During the great depression there wasn't any safe heaven asset that will maintain a stable price.
The big crysis will first hit countries like Italy,with their huge goverment debt and problematic banks.

Italy alone can create the crisis The country is on the way to get like Greece. While they borrowed money from Europe, Europe doesn't have enough funds to save Italy. It could destroy the European Union (economically I mean). If it happens I am sure we will some Brexit forks. When everything is going well everyone is dancing but when a major problem comes they all leave the boat.
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