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Topic: Huff Post: Second Financial Crisis Looming (Read 2553 times)

hero member
Activity: 546
Merit: 500
July 21, 2014, 02:19:30 PM
#38

They can keep delaying it until the creditor nations stop buying bond.

You mean creditor nations like... Belgium?

Fed Laundering Treasury Purchases to Disguise What’s Happening
sr. member
Activity: 322
Merit: 250
I wonder what the implications of another world crash would be for Bitcoin. Will this put Bitcoin in the big mainstream light for once? Will the price sky rocket as people in fear put their savings there before their local banks froze their accounts? Will the price crash in fear the price will go down as fiat goes down as well?
full member
Activity: 152
Merit: 100
Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... Grin

http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/

What is Soro buying these day?

wish someone would tell soros about bitcoin we could use the 'bump' in price

Searing


Warren Buffet has publicly stated he will be surprise to see bitcoin around in 10 years. Soro probably share similar view as both of them are part of the old money crowd.
member
Activity: 98
Merit: 10
★☆★Bitin.io★☆★
Some did well cashing out before peaking.

Look at the volumes, most were panic dumping at the lows of the tech sell off.

That used to happen to bitcoin when China sneezed. Panic sellers are among the dumbest people in any market.
copper member
Activity: 2898
Merit: 1464
Clueless!
Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... Grin

http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/

What is Soro buying these day?

wish someone would tell soros about bitcoin we could use the 'bump' in price

Searing
full member
Activity: 164
Merit: 100
Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... Grin

http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/

What is Soro buying these day?
legendary
Activity: 1260
Merit: 1002
Soros shotred his JPMorgan, Bank of America & Citi group shares not so long ago.. if that isnt letting the cat out of the bag(holders)... Grin

http://blogs.wsj.com/moneybeat/2014/05/15/soros-sells-out-of-j-p-morgan-bank-of-america-citigroup/
hero member
Activity: 1092
Merit: 500
Life is short, practice empathy in your life
Some did well cashing out before peaking.

Look at the volumes, most were panic dumping at the lows of the tech sell off.
full member
Activity: 141
Merit: 100
Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation.
The expected return on US equities over the next 10 years is negative.

Investors who bought high risk tech companies with little to no earning comparing to the market cap still doing very well.


Many of these tech companies failed and investors lost everything in those companies.

Some did well cashing out before peaking.
hero member
Activity: 686
Merit: 500
Indeed, all signs seem to be pointing that way. But honestly, never underestimate this machine's ability to keep churning along, unsustainably, longer than you think. Then BOOM. Undecided
member
Activity: 78
Merit: 10
Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation.
The expected return on US equities over the next 10 years is negative.

Investors who bought high risk tech companies with little to no earning comparing to the market cap still doing very well.


Many of these tech companies failed and investors lost everything in those companies.
full member
Activity: 164
Merit: 100
Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation.
The expected return on US equities over the next 10 years is negative.

Investors who bought high risk tech companies with little to no earning comparing to the market cap still doing very well.

legendary
Activity: 1596
Merit: 1029
Sine secretum non libertas
Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation.
The expected return on US equities over the next 10 years is negative.
hero member
Activity: 1092
Merit: 500
Life is short, practice empathy in your life
This doom and gloom crap has been said since 2009. There's nothing to be worried about so long the S&P 500 is above its long term moving averages. Buy the dip and enjoy the fed ponzi scheme while you still can.

Do you realize what happens at the end of a Ponzi Scheme, every single time?

There will be epic shorting opportunities like Lehman. I would welcome that kind of volatility.

But it's highly unlikely that kind of 2008 craziness will happen this year.
legendary
Activity: 1064
Merit: 1001
Seems that DJIA had on 17/7 the biggest crash in single day this month. I think it will enter into a multi-day bearish mode, target of 15,500/
full member
Activity: 306
Merit: 102
...

It is essentially impossible to predict when the next financial crisis will occur, but there seems to be little doubt that IT WILL HAPPEN.  The Banksters are a big problem, perhaps the single biggest, but there are many ways things can go wrong...

David Stockman is right:

NONE of the imbalances or our financial problems have been solved.

NO ONE (of significance) has gone to jail.  (Corzine, where IS he...?)

***

In addition to the timing of the collapse (or maybe more than one, always stay alert), there is the additional issue of WHAT kinds of things could happen.  No one really knows this either.  The dollar could crash.  The government could seize part or all of our bank account savings.  A big war, or an EMP.  No one knows.

I have long been a great believer in diversification.  I have diversified into BTC since I learned enough about it to give me some confidence (although less than 1% of my net assets are in BTC).  Gold, stocks & bonds, real estate, CA$H/FIAT$ in the "Bank of Sealy", overseas assets, survival products (guns & ammo, food & water, medicines, etc.) all might have a place depending on each person's comfort zone.

Physical, mental and spiritual fitness are likely critical too.  Preparation can be a big job.  Best to get started ASAP.


Don't forget many high level bank officers commit suicide this year. If everything is still rosy, none of this will happen.
legendary
Activity: 2912
Merit: 1852
...

It is essentially impossible to predict when the next financial crisis will occur, but there seems to be little doubt that IT WILL HAPPEN.  The Banksters are a big problem, perhaps the single biggest, but there are many ways things can go wrong...

David Stockman is right:

NONE of the imbalances or our financial problems have been solved.

NO ONE (of significance) has gone to jail.  (Corzine, where IS he...?)

***

In addition to the timing of the collapse (or maybe more than one, always stay alert), there is the additional issue of WHAT kinds of things could happen.  No one really knows this either.  The dollar could crash.  The government could seize part or all of our bank account savings.  A big war, or an EMP.  No one knows.

I have long been a great believer in diversification.  I have diversified into BTC since I learned enough about it to give me some confidence (although less than 1% of my net assets are in BTC).  Gold, stocks & bonds, real estate, CA$H/FIAT$ in the "Bank of Sealy", overseas assets, survival products (guns & ammo, food & water, medicines, etc.) all might have a place depending on each person's comfort zone.

Physical, mental and spiritual fitness are likely critical too.  Preparation can be a big job.  Best to get started ASAP.


sr. member
Activity: 266
Merit: 250
Yes, unfortunately I don't think there is any way around it.  Tons of economists have been calling a worldwide crash in the near future, its been happening already, although in slow motion.  One country then another.  And when the banks start confiscating (stealing) money out of US bank accounts or declare a "bank holiday", it will probably be too late to get your money out.

Well, then it's a good thing I don't keep almost anything in there.

My wife and I have agreed to move our savings into bit coin as well. We pay bills with fiat, take out our weekly spending money, and the rest goes into bit coin. To some that might seem crazy but to us it is kind of crazy not to do it. 
That sounds like you are putting all of your eggs in one basket. During the last financial crisis all asset prices moved together and fell throughout the crisis with the exception of the US dollar and US treasury bonds.

I agree, the issue I am having is which baskets to trust. Right now I am doing 50% bitcoin and 50% precious metals. I don't trust stocks or any other traditional assets. Other than a retirement account I have very little invested in dollar related vehicles. 
Stocks have historically been a very good investment to put your money in over the long term as they generally will outpace inflation by several percentage points per year. Precious metals on the other hand generally will only keep up with inflation.
legendary
Activity: 2982
Merit: 7986
This doom and gloom crap has been said since 2009. There's nothing to be worried about so long the S&P 500 is above its long term moving averages. Buy the dip and enjoy the fed ponzi scheme while you still can.

Do you realize what happens at the end of a Ponzi Scheme, every single time?
legendary
Activity: 2268
Merit: 1278
Moreover Huffpost is not a source I would consult for financial information.

Perhaps, although they're still a step up from certain tabloid gutter rags like the Daily Mail and the Express.  The fact that Huffpost are publishing this when others aren't means they must be doing something right.  It's not like you're going to see many articles in the Wall St Journal where they admit people in the finance sector should be behind bars because they've been engaging in unethical behaviour and pillaging your future.



Clearly nothing has changed since the last crisis, aside from the rampant opportunism by banks and governments to capitalise on the situation and make more profits at the expense of everyone else.  Bankers aren't going to jail, regulations aren't really being tightened up to the point where it stops manipulation and fraud.  They've printed more money out of thin air and kicked the can down the road.  Extend and pretend.  But nothing has actually changed.  Are we destined for another massive crash?

Clearly the case and very well put i should add.  They basically put a ton of dirty bandaids on the gunshot wounds they gave us.  I think things are going to get real bad I just wonder how we will deal with the issues when the arise? 

When crunch-time comes, the government's way of dealing with it will no doubt be draconian and decidedly unpleasant for the average person.  Our way of dealing with it is better, as I'd like to think we're dealing with it here, right now.  The fact that most of us see merit in crypto is because we see the flaws in the present system.  If we look after it and help it grow, when the ship starts sinking, crypto will be an awfully nice looking lifeboat for the masses to dive on board.
Most people won't be in bitcoin in time. And they will hate us instead of themselves for it. Keep it in mind just in case.
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