The answer is In the Bonds.
We already know it’s going to Blow, but when is always hard to tell. For now everybody wants to be at the party
Topic: Global Financial Meltdown Imminent? (Read 251 times)
Did you also happen to read the second part of his tweet?
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
Vitalik's tweet doesn't mean anything, that's true. And as the last serious crisis was 10 years ago, it makes sense that there should be a new one.. Predicting it does make sense if we want to get over it with minimum losses. For instance, USA dealt with mortgage problem very nicely in 2008, because the main economists knew it was coming. What crisis could await us? Well, I think the crash of Dollar is something very likely, as it's extremely devaluated already and the temptation of printing more dollars to start paying the debts is soo like a decision from the current government. This can be huge and lead to abandonment of fiat for good. Cryptocurrencies are what can help recover from this crush and start building a deflation economy (oh, right, almost forgot. If that happens, Japan will probably become #1 giant of world economy). Just a prediction, though, no solid ground to support it (but it's not something I came up with ex nihilo as well) Quote
Not because I have any special knowledge or even actually think that, but so that I can have a ~25% (or whatever) chance of later being publicly acclaimed as "a guru who predicted the last financial crisis".
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
How can one prepare for this please?
People are usually reliant upon jobs and government support. During times of economic crisis, workers are laid off, the number of available working hours decreases, economic investment dwindles, jobs become more scarce and difficult to find. Many business ventures fail and file for bankruptcy due to decreased sales and consumers, which in turn kills off more jobs. It can become a vicious cycle. Not having a savings and living paycheck to paycheck can be devastating. These negative circumstances coupled with tax hikes, price inflation of real estate/rent and food price inflation can make things difficult, even if there is no financial or economic meltdown.
The best method of preparation for economic and financial crisis may be to find ways to become less reliant on the private sector and on state programs. This can be extremely difficult to achieve. Having some type of side hustle and not relying 100% on a job or the government for support could be the way to go. That way people have something to fall back on.
So many prophets trying to do it. Vitalik has a sense of humor 
People want to end up like this Bitcoin hater who testified in US Senate. He was invited there because he predicted some crisis once and now people treat him like an expert. His knowledge about cryptocurrencies is very limited but once you become an expert in economics you're set for life.
People want to end up like this Bitcoin hater who testified in US Senate. He was invited there because he predicted some crisis once and now people treat him like an expert. His knowledge about cryptocurrencies is very limited but once you become an expert in economics you're set for life.
In my opinion, a new crisis will happen in the following years.
I'm not an economist or any expert but as I can read on different sources, even with the regulation that were put in place to prevent such a crisis to happen, there are some signs that are not so good :
Big Bank, Big companies and smaller companies are using too much lending and they have lot of debts
The "too big to fail banks" are now way bigger than in 2008 and therefore they can fall even harder
Trump administration is messing a lot nowadays with the worldwide economy which will not be good in a longterm
I'm not an economist or any expert but as I can read on different sources, even with the regulation that were put in place to prevent such a crisis to happen, there are some signs that are not so good :
Big Bank, Big companies and smaller companies are using too much lending and they have lot of debts
The "too big to fail banks" are now way bigger than in 2008 and therefore they can fall even harder
Trump administration is messing a lot nowadays with the worldwide economy which will not be good in a longterm
The problem we have right now is that companies like Google, Microsoft & Amazon are becoming too powerful. There are others as well, of course but these 'monsters' are threatening for politicians and other world leaders. Imagine that Google wants to introduce Artificial Intelligence in the Health System. This would disrupt some businessmen who earn from a country's health system.
Very Interesting
In 2017 a Bilderberg Meeting (https://bilderbergmeetings.org/conferences.html) discussed if we could stop globalisation.
Also businesses are becoming more 'populist' or companies who show support towards ordinary people / the majority, resulting in gaining trust. The meeting in 2018 discussed this issue as well
The financial crisis would be an attempt to take down any of these companies when they are unprepared. Else, you shouldn't really expect it.
Very Interesting
In 2017 a Bilderberg Meeting (https://bilderbergmeetings.org/conferences.html) discussed if we could stop globalisation.
Also businesses are becoming more 'populist' or companies who show support towards ordinary people / the majority, resulting in gaining trust. The meeting in 2018 discussed this issue as well
The financial crisis would be an attempt to take down any of these companies when they are unprepared. Else, you shouldn't really expect it.
Did you also happen to read the second part of his tweet?
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
Quote
Not because I have any special knowledge or even actually think that, but so that I can have a ~25% (or whatever) chance of later being publicly acclaimed as "a guru who predicted the last financial crisis".
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
I'm not a financial guru either but I think there's a looming economic collapse and I'm not bothering myself about it either. The world survived the last one and will it survive another. I just wish crypto becomes the safe haven during the period, imagine the impact and the adoption that will follow.
This has been long overdue. Stock prices have been on a bullrun the last 10 years, people are unable to pay back their student loans, a large homeless population and anger at un unfair system will cause the crisis. Smart investors are already seeing the warning signs and they have been pulling out of the markets. I think this crash will be much worse than the one that occurred in 2008.
Economic players are a little worried this year. The reason is that 2018 is often linked to 10-year crises such as those in 1998 and 2008. Issues concerning the economic crisis cycle every ten years refer to the crises that occurred in 1998 and 2008. The main causes of the 1998 crisis were currency exchange rates, especially in Asia, which not flexible and there is no synchronization of the exchange rate and capital inflow. While the causes of the 2008 crisis include the accumulation of technological development risks.
It has felt like an imminent event for a few years now.
And it will continue to be imminent for a few years more, until ...it happens
Actually, the guy that "predicted" the 2008 crash, Roubini was wrong 5 times before as he predicted the crisis in 2004, 2005, 2006, and 2007. He has also seen China crashing two times, in 2013 and 2016 , and has also said that there is going to be another crisis much larger than the last one in 2011, 2012 and 2015. He also claimed that Greece was going to go bankrupt a few times and that Italy is doomed and is going to get out of the EU back in 2011.
So, just like VB if you predict that a crisis is going to happen soon, and you keep on saying that every year, you're going to be right once unless you can't predict that the bus coming towards you has faulty brakes
Funny how VB guessed the stock dip but didn't saw ETH going down even faster.
It has felt like an imminent event for a few years now. Barely any of the underlying causes of the 2008 crash were rectified. The rest of the problems were just swept under the rug and we just pretend like nothing is wrong. For as long as the derivatives market remains the monopoly-money farce that it undeniably is, we will never have a stable global economy.
Guys, it seems a global Financial meltdown is imminent, just like we had it in 2008. A lot of people have been talking about and yesterday I saw a tweet from Vitalik Buterin on the same subject.
https://twitter.com/VitalikButerin/status/1050103887170957312
How can one prepare for this please?
Well, given the cycles that occur within finances, it wouldn't be surprising if one came our way especially when the stock market enters a phase of a bear market given the decade long growth that we've observed.https://twitter.com/VitalikButerin/status/1050103887170957312
How can one prepare for this please?
Honestly, it's all just a matter of time. Crises will happen eventually, and so will periods of economic growth.
That's why I always hold some hedges against a financial collapse, in the form of precious metals as well as BTC, and some cash investments. Investing responsibly in these defensive assets could really pay off in rainy days, which will come as a matter of time. Especially hyperinflation, where the entire value of fiat is wiped out, that's when bitcoin and other decentralised assets will shine.
This has been long overdue. Stock prices have been on a bullrun the last 10 years, people are unable to pay back their student loans, a large homeless population and anger at un unfair system will cause the crisis. Smart investors are already seeing the warning signs and they have been pulling out of the markets. I think this crash will be much worse than the one that occurred in 2008.
The world survived the last one and will it survive another. I just wish crypto becomes the safe haven during the period, imagine the impact and the adoption that will follow.
Indeed. And the 2008 crisis was almost as bad as could be imagined. People were scared that the entire global financial system was going to stop functioning, that no one would be able to borrow money or use debit cards and that the banking structure would fail (and a lot of banks actually did fail). As it was, we were in pretty bad shape for a few years. I recall unemployment being so high that a lot of my friends who didn't previously have jobs were out of work for a while.I'm sure there will be another crisis eventually, but I don't think it's going to be in the next couple of years. Back in 2008 there were warning signs, particularly in the real estate market where anyone with a pulse could get a mortgage on a house. My point being, the crisis didn't just come at us out of nowhere. I'm no economist either, and I'm not sure if there are any big red flags out there that would suggest we're due for an imminent crash. The stock market is certainly flying high and has been for years now, but that in itself isn't a bad thing--what that tells me is that a correction is coming, but that's way different than a financial crisis.
Did you also happen to read the second part of his tweet?
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
Quote
Not because I have any special knowledge or even actually think that, but so that I can have a ~25% (or whatever) chance of later being publicly acclaimed as "a guru who predicted the last financial crisis".
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
I'm not a financial guru either but I think there's a looming economic collapse and I'm not bothering myself about it either. The world survived the last one and will it survive another. I just wish crypto becomes the safe haven during the period, imagine the impact and the adoption that will follow.
Guys, it seems a global Financial meltdown is imminent, just like we had it in 2008. A lot of people have been talking about and yesterday I saw a tweet from Vitalik Buterin on the same subject.
Well there was a series of events yesterday causing a domino effect on a global scale. US stocks is down negatively impacting Asia and EU market as well. Plus is the 10/10/2018 conspiracy theory, that by this time the "Phoenix" will rise or what they call "one global currency". But it didn't happen so maybe its just a pure coincidence that we say the global market crushes with that date.How can one prepare for this please?
I hope you do have some savings. 
Did you also happen to read the second part of his tweet?
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
Quote
Not because I have any special knowledge or even actually think that, but so that I can have a ~25% (or whatever) chance of later being publicly acclaimed as "a guru who predicted the last financial crisis".
We'll see it when it happens. I'm sure something will collapse in the upcoming years, but there's no point in trying to predict it.
I think Vitalik is just having some fun.
But definitely, the actual system has too many bricks and sooner or later it will fall again.
did you saw this before?
It is from a Newspaper from 1998 !!
They already forecasted the meltdown
But definitely, the actual system has too many bricks and sooner or later it will fall again.
did you saw this before?
It is from a Newspaper from 1998 !!
They already forecasted the meltdown
Guys, it seems a global Financial meltdown is imminent, just like we had it in 2008. A lot of people have been talking about and yesterday I saw a tweet from Vitalik Buterin on the same subject.
https://twitter.com/VitalikButerin/status/1050103887170957312
How can one prepare for this please?
https://twitter.com/VitalikButerin/status/1050103887170957312
How can one prepare for this please?
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