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Topic: The next financial crisis and cryptocurrencies. - page 3. (Read 1068 times)

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The next crisis is already in motion for the subprime auto loans, student debt loan, and the re-inflated housing bubble.  than you also have the high yield junk bonds problem, high p/e ratio for big companies, increasing inflation, high unemployment rate,  Saudi's transitioning to China and the yuan, effectively killing the petrol dollar and our ability to print money out of thin air to pay of things, no manufacturing infrastructure due to outsourcing, explosion of domestic retailers closing shop, and the list goes on and on. 
When the shit hit the fan, it's going to be spectacular.  they won't have the tools like they did during the 08 crisis with interest rates already at historic lows.  be prepare for bail-ins.  there's going to be a bank holiday and like in Cyprus a few years back, when they reopened, a large portion of their deposits were gone cause remember, when you deposit money into banks, you essentially become a creditor and are liable to incur losses when banks can't cover their bad investments(bets).
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