Opportunities for Alternatives in Financial Crisis
There have been various predictions over the last decade by Financial experts, indicating financial collapse of the Dollar or Euro over the years and since 2008. Recently, at a Paris Conference, Billionaire tycoon George Soros, emphasized there will be increasing pressures due to unresolved trade agreements, Brexit and the refugee crisis. Italy is enduring the harshest effects of this financial crisis and has been under constant pressure due to a break down of transatlantic agreements with the United States. Many countries such as Greece and Spain have not only had pressures on trying to stabilize their economy but they have been given the responsibility of a continual surge of refugees who have no where else to go, as a result of the war mongers and the elites behind this agenda, who are making a literal killing during this engineered economic crisis.
Even mainstream news agencies have noted this disparity between the world's elite and everyone else. The Guardian News stated in an article in 2017, the world's richest own 1 per cent of the world's wealth-
''The world’s richest people have seen their share of the globe’s total wealth increase from 42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140tn (£106tn), The share of the top 1% has been on an upward path ever since [the crisis], passing the 2000 level in 2013 and achieving new peaks every year thereafter,” the annual report said. The bank said “global wealth inequality has certainly been high and rising in the post-crisis period. These millionaires – who account for 0.7% of the world’s adult population – control 46% of total global wealth that now stands at $280tn ”.
A few years ago Germany's most powerful bank, Deutsche bank was imploding after a 14 billion dollar fine and no one stepped in to stop it. The penalty was imposed by the U.S. Justice Department for behaviour surrounding the subprime mortgage crisis, when shares plunged. This emerges around the same time as the US bank Wells Fargo was exposed for fraud charges. Germany has been the financial strong hold of the European Union. Some say this will lead to a domino effect of financial crisis. Gold Bullion fell in value by 3.3 per cent. Precious metal fell 3% to below $1,300 a troy ounce in October 2016, it was the biggest daily loss since late 2013, some financial experts pointed out that Gold has been over valued by 25 per cent. Deutsche bank is the largest derivative holder in the world, and the stock market is at its highest values ever.
Cryptocurrency and Solutions
Amidst this economic crisis that all of us are feeling the pinch of, the world over, perhaps such financial collapse would yield great opportunities to wipe the slate clean. It would represent the end of the archaic and environmentally destructive power structures and power would shift to local communities setting up new infrastructures that are self sustaining, with alternative entrepreneurs focusing on other forms of currency and creating a foundation for a more sustainable and ecological economy, this is great news for Investors in Bitcoin, Ethereum, Ripple, Litecoin, Cardano, Stellar, Neo and Steem, among the popular cryptocurrencies.
There has been a growing interest in Cryptocurrency and some major investors taking cryptocurrency more seriously. Bitcoin's value went up to almost 18 thousand dollars in 2017, then it crashed to half the record value and since has fluctuated dramatically over the last two years and new popular alternative currencies are on the rise. This gives many of us new solutions because we are tired of centralized currency systems, banks, bankers and their corrupt ways with stock market manipulations. Cryptocurrencies are not as easy to control or influence, this allows for people to invest in alternative currencies and for alternative communities to experiment with new forms of trading tokens using blockchain code. Will we see the first serious signs of the internal financial institutions and their empires start to crumble as cryptocurrencies start to become more popular?
However, in the rare case that the internet is blacked out globally, which has been alluded to by various sources as a possible scenario while the US government seeks to control the internet. While some anti-establishment movements are running pioneering blockchain based projects to link cryptocurrency to publicly freely available open source internet .We also need to look at other ways we can use this as an opportunity to safeguard Nature and Natural Resources, while the Earth is currently being destroyed because Corporations have politicians and Environmental Laws in their pockets, we could use this economic and ecological crisis to restructure a more sustainable economy using cryptocurrency to protect biodiversity and to safeguard the future of Nature's environmental bank and natural resources. Visit our project on The Biodiversity Bank Landtrust, where Conservation can be a Bioviable Green Economy .
by C S
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It does seem the economy is teetering on the edge still but it is being propped up artificially. There are notable signs of a collapse such as the bear market but until they are due to raise the interest rates again we will not know the outcome. Likely they will just print more money eventually causing hyper inflation. Crypto is the only way to break this cycle to do that we need more people to start using it; changing the paradigm and in turn the whole economy! 💯🐒