Topic: You were warned - page 3. (Read 739 times)
Hopefully, I am very happy that I find someone who shares the same opinion as I do.
I believe that the next crisis is near and it is inevitable. After these years of growth in the Stock Markets and the continuous increasing growth rate of the global economy, we should not overcome the fact that the bubble is gonna blow.
The best option that individuals have to do is to pay any debt and try to save their money value in assets that will not be affected by the crisis such as Bitcoin.
I believe that the next crisis is near and it is inevitable. After these years of growth in the Stock Markets and the continuous increasing growth rate of the global economy, we should not overcome the fact that the bubble is gonna blow.
The best option that individuals have to do is to pay any debt and try to save their money value in assets that will not be affected by the crisis such as Bitcoin.
We all know that it's gonna happen, the question is how long would the system keep things afloat before the imminent crash materializes? Bankers are now conditioning people that no such recession is happening in the near future, but the people aren't buying that anymore. Somehow, the money has to flow to somewhere since people would surely love to guard their assets and avoid for it to depreciate in value at all costs while the rest of the world is burning, so cryptocurrencies and gold might be the vest hedges against this crash. The global debt is ever increasing at a rapid pace and no one would surely want to pay that.
I dont know anything about this new crisis or crash but i have taken three
steps since the last crash in 2007/2008.
1. Reduce debt
2. Reduce spending
3. Buy Bitcoin
steps since the last crash in 2007/2008.
1. Reduce debt
2. Reduce spending
3. Buy Bitcoin
For ordinary people who don't know about bitcoin, that two option really needs to be their concern before the crash happen in everywhere. Besides that, they will make sure their life will be safe for first, and then they can think about what next they should do if the crash still happens. And the last option is for people who know bitcoin and want to invest their money in digital assets and maybe we can introduce bitcoin to the ordinary people so they can have a new type of investment besides their real investment.
Just to bring another side to this story:
tldr; the upcoming financial crisis may not be as significant as 2008's
That being said, it's still looming and seems to be inevitable at this point. It's better to be safe than sorry.
Tran isn’t predicting a full-scale panic resembling the 2008-2009 financial crisis, and there are some reasons for optimism. Banks are better capitalized now than before the crisis. (Bank capital — shareholders’ funds or loans — protects against losses.) People are also more sensitive to the dangers than a decade ago.
Evidence of this comes from a recent “stress test” performed on 35 large bank holding companies by the Fed. A deep recession was simulated; the unemployment rate rose to 10 percent. Despite large losses, no bank failed. Since 2009, these banks have added $800 billion in common equity capital, the Fed says.
What Tran is suggesting is a global shift away from debt-financed economic growth. The meaning of the $247 trillion debt overhang is that many countries (including China, India and other emerging-market countries) will be dealing with the consequences of high or unsustainable debts — whether borne by consumers, businesses or governments. There will be a collective drag on the global economy.
Evidence of this comes from a recent “stress test” performed on 35 large bank holding companies by the Fed. A deep recession was simulated; the unemployment rate rose to 10 percent. Despite large losses, no bank failed. Since 2009, these banks have added $800 billion in common equity capital, the Fed says.
What Tran is suggesting is a global shift away from debt-financed economic growth. The meaning of the $247 trillion debt overhang is that many countries (including China, India and other emerging-market countries) will be dealing with the consequences of high or unsustainable debts — whether borne by consumers, businesses or governments. There will be a collective drag on the global economy.
tldr; the upcoming financial crisis may not be as significant as 2008's
That being said, it's still looming and seems to be inevitable at this point. It's better to be safe than sorry.
I totally agree with this condition, fiat is full of manipulation by the central bank, government and other party, and with the high inflation and global crisis, investing in fiat is a bad choice for now, gold and crypto is the best solution to avoid inflation, in past day most of us aware this scenario but we didn't had a lot of choice, but now we have the option, so better take precaution
I guess there's nothing wrong with the OP giving us a fair warning. If some of you haven't seen the financial crisis in 2008 then it's going to be a rude awaking for the majority if ever another financial crisis happened. I was not aware back then or I total deny it, because we were assured that we will maintained our jobs in June of 2008. However, by last week of August everyone was scrambling, close meetings here and there and then suddenly the news, everyone in our team was out of job. So right now, I'm hedging what I have save in crypto and other assets just to be prepared and not experienced what I have seen a decade ago.
This is the truth that majority of people failed to see.
They will just get surprise and said, ohh! I didn't see that coming. Good thing we are here in crypto, we know how to survive in the possible
crash and when that happen, we already safeguarded our assets and maybe the value will eventually increase when they choose crypto to put in their funds.
They will just get surprise and said, ohh! I didn't see that coming. Good thing we are here in crypto, we know how to survive in the possible
crash and when that happen, we already safeguarded our assets and maybe the value will eventually increase when they choose crypto to put in their funds.
it is a global problem in its time, with this incident we can take the lesson that everything must be taken into account. to be indebted certainly must be used to buy something that will survive a crisis. and system updates should be carried out
I consider the lost is out of greed, we need to proceed with additional savings that may not lead to cause such suicide and it is all lacking in proper financial planning. Every one need a goal or a traget for their expected profit amount and once reaching it, cashout the increased profit or capital amount to make a safer play.
This is why a decentralized system is needed in order to stop the exploitation of bankers and federal reserve. If you look back at the great financial crisis that's occured before many has suffered from starvation, being jobless and poverty because the banks are intentionally bringing down the price with low interest to encourage people to take in debt then pumps it with triple the interests.
Cool , is this serious?
Wait, how can bitcoin survive to upcoming crash? Aren't we ones who measure bitcoins in usd? The banking system is really big ponzi scheme and current economy system too, a lot of money isn't moving, is frozen in one place for nothing.
I don't know what kind of crush do you expect in future but if you want something stable, then buy gold. If you want sonething which you can fully own securely, then hold some bitcoins. Some because it's price can become so surprising for you, maybe you'll end up with nothing or with everything.
I don't know what kind of crush do you expect in future but if you want something stable, then buy gold. If you want sonething which you can fully own securely, then hold some bitcoins. Some because it's price can become so surprising for you, maybe you'll end up with nothing or with everything.
I dont know anything about this new crisis or crash but i have taken three
steps since the last crash in 2007/2008.
1. Reduce debt
2. Reduce spending
3. Buy Bitcoin
steps since the last crash in 2007/2008.
1. Reduce debt
2. Reduce spending
3. Buy Bitcoin
FED or others should influence people's psychology to influence the price so it is not possible to influence the price directly. Evidence can be the volatility of the price when there is little time for any institution to make important decisions at Forex. But if the big institutions accept Bitcoin as scam, price will dump immediately. They have been existing for many years and everyone has accepted them as '' those who adopt a legal decision ''.
Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.
The price decline in the crypto market and stock market, even the decline in the level of life of people in my country in recent months can be a indication for inflation. World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.
Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.
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I agreed with what the OP said about the economy and the games played by the FED in supporting the banking system because it the same game they played way back. Besides, the OP was right about people paying their credit card debt and any other debt to avoid been crush. But the side when the OP said "Nobody's buying gas" is something I disagree with. However, bitcoin and gold will always be the best investment of all time.
The way the baby boomers have and still are running this country is a disaster. We need to get them out and start getting things in order. It will not be easy. Until that happens expect more of the same.
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