Be ready for next financial crisissteemCreated with Sketch.

in #money7 years ago (edited)

Hello steemians,

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Next financial crisis might be different from the last one so better be ready this time.

Since 2007-2008 crisis, central banks tryto refund the system and solve subprime crisis by creating a bigger bubble with Quantitative Easing injecting trillions of dollars.

centrals banks.png

The plan is to massively inject liquidity and keep interest rates at all time low to encourage borrowing in hope to revive the economy enought to refund debt.

Stock prices are at all time high, house market recovered with all time high in some area of the world, unemployement rate has decreased, everything looks good on paper right?

Not really because debt keep growing, rich get richer and poor get poorer and nobody find an exit strategy.
How we get out of debt? Who will pay?

        In fact government are already looking for solutions!

European Unions is looking to freeze bank accounts before a bank run takes place and seize money in case of crisis, pretty convenient isn't it?

http://bitcoinist.com/eu-proposes-account-freezes-to-prevent-bank-runs-bitcoin-to-the-rescue/

History proove us in case of systemic crisis government and banks seize us:

https://www.forbes.com/sites/steveforbes/2013/03/25/can-a-cyprus-like-seizure-of-your-money-happen-here/#3eb923225061

Historically centralised money are really bad to protect wealth long term as dollars loast 98% of buy power since 1900, with all the debt and money printed last decade hyperinflation is a real risk.

dol vs gold.jpg

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Imagine if all centralised money would enter in hyperinflation as Venezuela currency does last few years:

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hyperinflation.png

We don't know when next crisis will happen, what we know from Cyprus and Greece experience is better not have our money in banks because when the crisis will explode you will not have access to your money anymore.

So what options are left to protect our wealth during what could be the worst financial crrisis ever?

As steemit users you certainly already know the answer, protect at least 20% of you weatlh with physical precious metals and buy digital cryptocurrencies!

Don't let your crypto's on exchanges, safely cold store your assets.

Always have a minimum of 3 months stock of food because it might be difficult to purchase it in panic events , unexpected wars or climatic events could also cause food shortage.

Do you know the world food supply has only few weeks of stock in advance to feed the world?

20 millions people are already suffering from starvation and famine.

http://www.dailymail.co.uk/sciencetech/article-3373018/The-world-faces-widespread-food-shortages-global-warming-Crops-scarce-droughts-ravage-Africa-Asia.html

https://www.theguardian.com/world/2017/mar/11/world-faces-worst-humanitarian-crisis-since-1945-says-un-official

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Links:
https://www.cnbc.com/2017/07/26/heres-why-everyone-is-watching-the-feds-balance-sheet.html

https://www.theguardian.com/sustainable-business/2016/feb/16/inequality-happiness-rich-getting-richer-poor-wellbeing-life-satisfaction

https://www.washingtonpost.com/news/wonk/wp/2017/07/27/how-the-climate-crisis-could-become-a-food-crisis-overnight/?utm_term=.784718e80384

https://www.brainyquote.com/quotes/quotes/d/deniswaitl165018.html

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Some people laugh at us gold and silver stackers and crypto enthusiast, the fact is that many of the younger generations haven't really experienced how dreadful an economic collapse could be and many who have experienced previous crashes have gold fish memory and perhaps believe in janet yellen that there won't be any more economic disasters. Yea right and a pig doesn't taste like pork ? No fiat money ever survived in the long run so when the next economic crisis hits I won't be laughing but I will be thankful for silver gold and crypto :) great post and making sure to stock food is really a key that some forget. If you are starving, what would you choose, food or bitcoin ? This should be high priority so great you brought that up !

Hey question if collapse hits and there is a run on banks many home owners and renters will be homeless. Where do keep your precious metal supply?

If it was me I would probably hide some in a place in the forest that I knew was safe, maybe 70 percent. The other 30 I would try to still carry with me

thanx @damarth sir for appriciate me on my welcome on steemit..best wishes u for ur work on steemit and in ur whole life for more succes..GOD bless u and give u more happines in ur life..thanx again @damarth sir

You are 100% correct! I am glad to start investing into cryptos at this point and to be able to leave if necessary to another country if mine goes belly up- Next to that I have about 2 months worth of water and food in the basement. (and a big garden so I always grow something regardless of the situation)
safety is an illusion and you should always try to keep you and your loved ones safe.

Just think if just 10% of the world's population put £100 into crypto currency the market cap and prices would rise, encouraging more people to invest and so the rise would increase and the decentralisation of banks would occur and bailouts would become a thing of the past... I for one am encouraging friends and family to put just a little aside and invest for the future - take control of your finances lets not make bankers richer!!

I have also been urging my friends and relatives to invest for the future. But explaining Steemit and the basic concepts of cryptocurrencies to them has been really hard. They just can't believe such an economy can exist. They are comparing it back to the barter system of the past!

Your right it is hard, people are like, but where does the money come from? im still searching for the perfect answer to this question

Many of my friends told me that steemit sounds simply too good to be true.
And they are going to feel bad about not joining it soon.

Excellent Post brotha. !

Its very obvious that soon we are gona face it; moreover this time impact will be much worse. All strong economies are trying to fake economic situations not to get the public panick. Major financial firms had hinted of approximate $70 trillion new debt at present, we should expect next crisis to be much worse than the last one. I think major outcome of next crisis, would be wide acceptance of digital currencies. It may trigger an era of digital currency dominance !!

All the experts are telling the same. I am helping spreading the word ... scary in a world with high technology, robots and AI. ... This bubble is bigger than the 2008 one...here many interesting articles... http://bit.ly/2uKAtS7

Absolutely, for those of us into cryptocurrencies...and I'd say the vast majority of Steemians are, this is like common sense. But when we try to talk to someone "mainstream" about it (cough, my parents, cough)... it's like talking to a brick wall.

Ok, maybe my analogy is a bit extreme - even the average Joe who's hesitant to invest in BTC, just watches mainstream news media etc, even he admits the market is due for a crash. However, he has no idea the dramatic consequences this one is going to have. As soon as the big banks are not bailed out by the government, that's game over.

That will be 3Kg of fiat currency please...

This image reminds me of the one on my recent post.. a gif of workers shoveling $USD into a fire as if it were coal - cough, shameless plug, cough ;) https://steemit.com/investing/@jobsande/the-best-investments-for-these-times-of-turmoil

The topic is relevant to this discussion as well since I acknowledge the "sky is falling" situation we're currently in, and describe how I've invested my assets in preparation for this.

Here's how I have it invested:

10% Cryptocurrency
15% Gold and Silver
20% Stocks
5% Lending Club
20% $USD

For more details, feel free to check out my post above :D

In Venezuela they are currently paying this way... Lets just hope we will never see that here in the Western world, im just afraid we cant escape this faith...

Personally I would prefer more phizz silver and less stocks/bonds, but thanks!

Yep, heard about that in Venezuela, of course let's hope it doesn't get to that but honestly I don't have much confidence in the system that it won't at some point in the next year or two, maybe much sooner.

100% Agree about the physical silver, actually in the process of buying more. I actually used to have much more in stocks, I'm dumping as much as I can now (out of my Roth IRA) but as a current employee, I'm stuck with very limited 401K options - in other words, that chunk of money has to stay in stocks and bonds as long as I remain with my current employer.

Incredible post @damarth! Nobody believes that poverty could be on us in a few months, youngest generation thinks everything is gonna be the same, supermatkets will always be provided with food and the banks will keep your savings forever...they haven't reallt experienced what a real crisis is, and this is about to happen soon. Buying crypto could be a protecting mean to save some of your assets! Thanks for sharing the info!

This makes me feel better that I live off-grid in Hawaii, no utility bills except internet. Water and electricity provided by the sky and sun. And since year round temperatures allow for growing food, got some vegetables and fruits and then eggs from chickens. If it really comes worst to worst in that regards.

I've been investing more of my money into cryptocurrencies to diversify. We'll see what happens with the world banks til then.

I would like to be prepared as you are, in addition you have quality vegetables and eggs.
Just stock some food you can't produce (rice, sugar...) and you are very fine.

Where you based out of?

Rule #1 of prepping. Don't tell people you're prepping. And definitely don't tell people where you're prepping.

Always buy gold. It nevers hurts in long run.

Remember that If the crisis gets really bad even gold and silver won't help you.
As for cryptocurerrencys only after a crash and burn in the system will make digital money possible but under government control becaus
they have the guns and tanks.
At one point olive oil may be more precious then gold and silver.
The economy crisis may start after the German election next year. The fact that Macron was elected only postponed the crisis this means that the Europe crisis will be much worst.

I think that is why you will see the whole crypto currency industry sky rocket when another financial crash happens! That is why I am investing in cryptos and gold....Plus all investors should keep some money on the sidelines just in case for the rebuy back in after the crash.

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