Topic: World Economy &#039;More Fragile than Before 2007 Crash&#039; (Read 1602 times)

Quote from: giveBTCpls on July 16, 2014, 07:41:48 AM

Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules Sad

Alas this.. when things go bad the hired armies of the gov (the police) will come to steal EVERYTHING you own.. EVERYTHING including crypto. If you do not have the means or people to defend yourself you will be killed and everything taken, or enslaved and everything taken...

Things are just not looking good at all.. I have cop friends.. they are 100% brainwashed. If asked to go wipe out a city there will be no question just action.

It's rather obvious the gun agenda with a massive decrease in gun violence over the past 15 years but the media going on about how bad it's getting and how we HAVE to fix this issue that is getting worse.. when it's getting better... :S.. In my country you'll face years in prison if you are found with a baton... hopefully I can escape south if/when the time comes.

In the event of a real collapse there won't be a government to oppress, nor will there be an internet to run bitcoin. There will be starvation, disease, and power will be in the hands of those willing to take it. Only food and a few basic goods will have any value. Let's hope it does not come to that.

I don't think this would be true. The infrastructure of the internet would still be there no matter how badly a economy performs. It is not very expensive to run the internet's infrastructure.

It is very expensive and have high dependency on power.

DannyElfman

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Quote from: giveBTCpls on July 16, 2014, 07:41:48 AM

Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules Sad

Alas this.. when things go bad the hired armies of the gov (the police) will come to steal EVERYTHING you own.. EVERYTHING including crypto. If you do not have the means or people to defend yourself you will be killed and everything taken, or enslaved and everything taken...

Things are just not looking good at all.. I have cop friends.. they are 100% brainwashed. If asked to go wipe out a city there will be no question just action.

It's rather obvious the gun agenda with a massive decrease in gun violence over the past 15 years but the media going on about how bad it's getting and how we HAVE to fix this issue that is getting worse.. when it's getting better... :S.. In my country you'll face years in prison if you are found with a baton... hopefully I can escape south if/when the time comes.

In the event of a real collapse there won't be a government to oppress, nor will there be an internet to run bitcoin. There will be starvation, disease, and power will be in the hands of those willing to take it. Only food and a few basic goods will have any value. Let's hope it does not come to that.

I don't think this would be true. The infrastructure of the internet would still be there no matter how badly a economy performs. It is not very expensive to run the internet's infrastructure.

Chef Ramsay

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Wall St: Bubble Paranoia Setting in as S&P 500 Surge Stirs Angst

Quote

Two years of uninterrupted gains in U.S. stocks are sowing anxiety among financial professionals, with three in five saying the market is on the verge of a bubble or already in one, the Bloomberg Global Poll found.

Forty-seven percent of those surveyed said the equity market is close to unsustainable levels while 14 percent already saw a bubble, according to a quarterly poll of 562 investors, analysts and traders who are Bloomberg subscribers. Almost a third of respondents called the market for lower-rated corporate debt overheated and most said stock swings will increase within six months, the July 15-16 poll showed.

More...http://www.bloomberg.com/news/2014-07-16/bubble-paranoia-setting-in-as-s-p-500-surge-stirs-angst.html

bananaeater

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The only conclusion we can draw from History is that nobody draws any conclusions from it.

Spendulus

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Quote from: unpure on July 16, 2014, 03:32:41 PM

Quote from: giveBTCpls on July 16, 2014, 07:41:48 AM

Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules Sad

Alas this.. when things go bad the hired armies of the gov (the police) will come to steal EVERYTHING you own.. EVERYTHING including crypto. If you do not have the means or people to defend yourself you will be killed and everything taken, or enslaved and everything taken...

Things are just not looking good at all.. I have cop friends.. they are 100% brainwashed. If asked to go wipe out a city there will be no question just action.

It's rather obvious the gun agenda with a massive decrease in gun violence over the past 15 years but the media going on about how bad it's getting and how we HAVE to fix this issue that is getting worse.. when it's getting better... :S.. In my country you'll face years in prison if you are found with a baton... hopefully I can escape south if/when the time comes.

In the event of a real collapse there won't be a government to oppress, nor will there be an internet to run bitcoin. There will be starvation, disease, and power will be in the hands of those willing to take it. Only food and a few basic goods will have any value. Let's hope it does not come to that.

Hard to imagine it will be a worse case scenario.

For examples of worst case, we can look at areas that have had a worst case collapse. Lebanon, Somalia. Valuable infrastructure breeds organization to extract tolls, and gangs spring up to collect "taxes" for protecting neighborhoods. Life goes on. I can't think of ANY past collapse where some kind of pre existing money system did not continue in use. Perhaps not the national currency, but some mix of currencies.

A "worst case" collapse of civilization cannot occur from the financial sphere, maybe consider a superbug pandemic, all out nuclear war, or a Carrington event. Today nuclear war with hundreds or thousands of warheads seems pretty much impossible.

Oh, and around here, cops are not 100% brainwashed....

unpure

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Quote from: giveBTCpls on July 16, 2014, 07:41:48 AM

Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules Sad

Alas this.. when things go bad the hired armies of the gov (the police) will come to steal EVERYTHING you own.. EVERYTHING including crypto. If you do not have the means or people to defend yourself you will be killed and everything taken, or enslaved and everything taken...

Things are just not looking good at all.. I have cop friends.. they are 100% brainwashed. If asked to go wipe out a city there will be no question just action.

It's rather obvious the gun agenda with a massive decrease in gun violence over the past 15 years but the media going on about how bad it's getting and how we HAVE to fix this issue that is getting worse.. when it's getting better... :S.. In my country you'll face years in prison if you are found with a baton... hopefully I can escape south if/when the time comes.

In the event of a real collapse there won't be a government to oppress, nor will there be an internet to run bitcoin. There will be starvation, disease, and power will be in the hands of those willing to take it. Only food and a few basic goods will have any value. Let's hope it does not come to that.

Hard to imagine it will be a worse case scenario.

RodeoX

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The revolution will be monetized!

Quote from: giveBTCpls on July 16, 2014, 07:41:48 AM

Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules Sad

Alas this.. when things go bad the hired armies of the gov (the police) will come to steal EVERYTHING you own.. EVERYTHING including crypto. If you do not have the means or people to defend yourself you will be killed and everything taken, or enslaved and everything taken...

Things are just not looking good at all.. I have cop friends.. they are 100% brainwashed. If asked to go wipe out a city there will be no question just action.

It's rather obvious the gun agenda with a massive decrease in gun violence over the past 15 years but the media going on about how bad it's getting and how we HAVE to fix this issue that is getting worse.. when it's getting better... :S.. In my country you'll face years in prison if you are found with a baton... hopefully I can escape south if/when the time comes.

In the event of a real collapse there won't be a government to oppress, nor will there be an internet to run bitcoin. There will be starvation, disease, and power will be in the hands of those willing to take it. Only food and a few basic goods will have any value. Let's hope it does not come to that.

spazzdla

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Quote from: giveBTCpls on July 16, 2014, 07:41:48 AM

Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules Sad

Alas this.. not so much to the food as the military might will take it from you. The #1 form of wealth is armies, armies you control 100% that do not question you. With that ANYTHING and EVERYTHING is yours.

When things go bad the hired armies of the gov (the police) will come to steal EVERYTHING you own.. EVERYTHING including crypto. If you do not have the means or people to defend yourself you will be killed and everything taken, or enslaved and everything taken...

Things are just not looking good at all.. I have cop friends.. they are 100% brainwashed. If asked to go wipe out a city there will be no question just action.

It's rather obvious the gun agenda with a massive decrease in gun violence over the past 15 years but the media going on about how bad it's getting and how we HAVE to fix this issue that is getting worse.. when it's getting better... :S.. In my country you'll face years in prison if you are found with a baton... hopefully I can escape south if/when the time comes.

giveBTCpls

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Even if it benefits Bitcoin im scared. Also, in such a dangerious enviorment, would Bitcoin be even accepted? In total chaos the guy with weapons and food is the guy that rules Sad

Ron~Popeil

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Quote from: onlyu on July 15, 2014, 10:48:16 PM

Quote from: Ron~Popeil on July 15, 2014, 05:10:25 PM

Quote from: trader001 on July 15, 2014, 04:39:38 PM

Quote from: trader001 on July 14, 2014, 02:41:34 AM

Quote from: Ron~Popeil on July 15, 2014, 05:10:25 PM

it's amazing how long the economy's been propped up on hot air.

Those who pay attention know it is just a matter of time before the next meltdown.

Periodic crisis are the way our economy recovers from some basic mistakes.

It was compounded and delaying the correction for the mistakes.

The longer you delay it the more painful it will be. On a brighter note I just bought another 1.5 btc. Grin

They can keep delaying it until they are no longer around and let the next generation handle the mess.

That is pretty much the plan. I am opting out. I will not be helping create or clean up the messes these vampires have created.

onlyu

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Quote from: trader001 on July 15, 2014, 04:39:38 PM

Quote from: trader001 on July 14, 2014, 02:41:34 AM

Quote from: Chef Ramsay on July 13, 2014, 08:53:06 PM

it's amazing how long the economy's been propped up on hot air.

Those who pay attention know it is just a matter of time before the next meltdown.

Periodic crisis are the way our economy recovers from some basic mistakes.

It was compounded and delaying the correction for the mistakes.

The longer you delay it the more painful it will be. On a brighter note I just bought another 1.5 btc. Grin

They can keep delaying it until they are no longer around and let the next generation handle the mess.

gmx95

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A few well known analysts have predicted a new crisis within next 5 years. That would be the time for bitcoin to shine. :-)

minerpumpkin

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BIS chief fears fresh Lehman from worldwide debt surge

Quote

The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.

Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.

“Markets seem to be considering only a very narrow spectrum of potential outcomes. They have become convinced that monetary conditions will remain easy for a very long time, and may be taking more assurance than central banks wish to give,” he told The Telegraph.

Mr Caruana said the international system is in many ways more fragile than it was in the build-up to the Lehman crisis. Debt ratios in the developed economies have risen by 20 percentage points to 275pc of GDP since then.

Credit spreads have fallen to to wafer-thin levels. Companies are borrowing heavily to buy back their own shares. The BIS said 40pc of syndicated loans are to sub-investment grade borrowers, a higher ratio than in 2007, with ever fewer protection covenants for creditors.

More...http://www.telegraph.co.uk/finance/markets/10965052/Bank-for-International-Settlements-fears-fresh-Lehman-crisis-from-worldwide-debt-surge.html

How can this be bitcoin-off-topic when it clearly calls for a currency that isn't based on debts and potentially infinite money supply? Wink

Ron~Popeil

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Quote from: trader001 on July 15, 2014, 04:39:38 PM

Quote from: trader001 on July 14, 2014, 02:41:34 AM

it's amazing how long the economy's been propped up on hot air.

Those who pay attention know it is just a matter of time before the next meltdown.

Periodic crisis are the way our economy recovers from some basic mistakes.

It was compounded and delaying the correction for the mistakes.

The longer you delay it the more painful it will be. On a brighter note I just bought another 1.5 btc. Grin

trader001

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Quote from: trader001 on July 14, 2014, 02:41:34 AM

Quote from: Spendulus on July 14, 2014, 08:23:55 PM

it's amazing how long the economy's been propped up on hot air.

Those who pay attention know it is just a matter of time before the next meltdown.

Periodic crisis are the way our economy recovers from some basic mistakes.

It was compounded and delaying the correction for the mistakes.

Ron~Popeil

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Activity: 406

Merit: 250

Quote from: trader001 on July 14, 2014, 02:41:34 AM

Quote from: Spendulus on July 14, 2014, 08:23:55 PM

it's amazing how long the economy's been propped up on hot air.

Those who pay attention know it is just a matter of time before the next meltdown.

This is one of a number of reasons we are on "BITCOINTALK".

Let them have their paperMoneyMeltdown.

Well said. The problem was "addressed" in 2008 with more debt instead of real reform. You don't smother a fire with more fuel.

Each time I buy bit coin I feel a bit less vulnerable to the inevitable system failure.

counter

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Time is on our side, yes it is!

Quote from: trader001 on July 14, 2014, 02:41:34 AM

Quote from: trader001 on July 14, 2014, 02:41:34 AM

it's amazing how long the economy's been propped up on hot air.

Those who pay attention know it is just a matter of time before the next meltdown.

This is one of a number of reasons we are on "BITCOINTALK".

Let them have their paperMoneyMeltdown.

+1 Very Well said. I couldn't have put it better if I tried.

Spendulus

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Quote from: spazzdla on July 14, 2014, 09:13:31 AM

it's amazing how long the economy's been propped up on hot air.

Those who pay attention know it is just a matter of time before the next meltdown.

This is one of a number of reasons we are on "BITCOINTALK".

Let them have their paperMoneyMeltdown.

bitsmichel

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it's amazing how long the economy's been propped up on hot air.

They are fabricating another world war.. don't worry soon millions.. billions will die so the Royal 13 won't have to give up their power. Drafts at levels humanity has never seen before.. nuclear waste lands.. Things are gonna get bad.. no use in prepping really u'll end up dead or a slave there are no two ways about it.

People always get less free after a world war. Before 1940 people didn't even have to use passports to travel. All world wars have been started over money and world war 3 would be no different. I don't know if countries would really shoot nuclear missles, people in general are too scared to use them.

spazzdla

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