Remember 2008?
People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.
The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.
The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.
Get ready for the new cycle
A lot of people have been trying to warn about what's going on now right under our noses.
The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.
There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.
Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.
When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.
Everyone's in denial right now
People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.
The crash is imminent.
When it crashes there won't be time to get out.
What should I do then?
Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.
If you were planning on spending big on something new, reconsider.
Buy Bitcoin or gold or something that should survive the coming crash.
The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.
There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.
When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.
Traditional banking system is rigged and mechanism was configured for benefits of real owners who has ability to control with financial tools. Sometimes i read about tax system and fractional-reserve banking which don't apply same rules stated by financial institutions. Institutionalized crime found the working way to grab people's money with legalized rules. Taxation is legal way for taking of the property of community.
Central banks will use all possible solutions for protecting current cheated system and this is one of reasons why they don't like Bitcoin.
Unfortunately cryptocurrencies are not feasible solution without mass adoption...
This is 100% right on. They fear Bitcoin because it is transparent. Bitcoin is run by an algorithm. Whereas they want to print money freely for their buddies. We all need to work for mass adoption. If the masses want it, it'll happen.
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.
Funny how baby boomers were born before the bankers ended the gold standard! Baby boomers actually saw some real capitalism back in the day when the FED did not control the stock markets and 15 families didn't control the world! They should know better. The only way we can change this is to raise awareness about the banking ponzi scheme we're living under and spread awareness around us to family and friends.
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.
We need to continue to raise awareness about the games bankers play and how it's not a conspiracy theory but real stuff. People often think this kind of thing is a conspiracy thing, when it's not.
(My comment about gas was due to today's EIA gas buildup numbers.)
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.
You may be right. I don't know whether it'll blow up now or in 5 years, but we're staring at a level of debt that humankind has never seen before.
More gold derivatives is traded in London in a single day than was ever mined by humankind. It's a 100% fake economy based on fake value. Bankers are buying and selling nonexistent things. The FED prints nonexistent value. It's a crazy ass system and average people don't seem to notice.
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.
Whenever the stock market goes down, they find a way to pump it up.
Today the FED put out a "dovish" statement. Markets went up. It's all fake. The FED controls the markets since the early 1970's.
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
Same here. IMO the right strategy.
Wait, how can bitcoin survive to upcoming crash?
When the bankers' ponzi scheme finally collapses, you'll ask your landlord "hey can I pay this month's rent in Bitcoin". He'll likely say well my bank is closed so I guess yeah.
Then you'll head down to the local grocery store and ask hey can I pay this week's groceries in advance, I'll pay in Bitcoin. They'll say cool.
That's how Bitcoin gains widespread use when the failed banking system finally goes down.