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RE: This could be the last shakeout. Asian and European stock market crashes as well. I just bought Ethereum!

in #bitcoin7 years ago

Yeah, globally all the financial markets are a mess. I see a lot of people are hopeful that the traditional markets will recover, but that ignores the fundamental flaws of this current financial system. The recovery from 2008 was very tepid and never addressed the underlying cause. In fact the only solution the government could come up with was pumping money into everything and keeping the confidence game going just a bit longer. This in turn just kicked the can down the road, while simultaneously making matters worse by creating a huge debt crises. Most of these stock gains are a result of American and European central bank QE measures being used to inflate stock. Putting lipstick on a pig basically.

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That pretty much sums it up

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