Howdy So, it's been 10 years since the last serious financial crisis. Since then trillions of dollars, euros and other currencies have been printed and national debts skyrocketed. Do you think the next crisis is behind the corner? May be another 1-2-3 years to go? How bad do you think it would be? Thanks for yoyr input in advance.
Just for your reference: http://www.politicalforum.com/index...ump-and-the-repubs-in-congress-own-it.529793/
I went with: * "Yes, it's gonna be apocaliptic" ... but the word apocalypse means revealing........ so I am expecting a very REVEALING financial crisis that actually turns out to boost the USA and world economy to a whole new level. I do believe that George Soros... Warren Buffet and quite a number of enemies of America and Israel are planning something pretty serious...... ... but I believe that they will fail..... and soon another ten percent or more of Americans will realize that President Trump wants to go down in history alongside President Abraham Lincoln and President John F. Kennedy for addressing the biggest flaws in our financial system. https://totalwealthresearch.com/ric...-gamble-bet-u-s-collapse-warns-cia-economist/ Buffett’s $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist https://www.michaeljournal.org/articles/politics/item/abraham-lincoln-and-john-f-kennedy Abraham Lincoln and John F. Kennedy
I had to go with "I don't know", because I don't.... The central banks of the world have been working in unison with each other since about the end of World War II. They are intent on bringing every nation into economic bondage, where everyone owes obedience to them. These central banks, like the Federal Reserve System, and the European Central Bank, the Bank of England, and the Bank of Japan, manipulate currencies, control how much of each currency is in existence, control inflation, control deflation, and really, they control everything -- except in two countries -- Russia and China. Russia and China have central banks, but the countries control the central banks -- not the other way around. In the United States, the Federal Reserve completely controls all the important facets of the economy, and the generally try to rule over, own, and control everyone in any position of real power, but, they are having some difficulty with Donald Trump.... At the moment it appears that the central banks are bringing about a situation in which the U. S. Dollar will be replaced by "a basket of currencies". This will extend and solidify the control of international central banking cartels, but it will bring great hardship and downturn in some countries, specifically the United States. But when? Again, "I don't know".
Government debt is one of the next financial crisis still to come. It's not an if... only a when. That's just about the most obviously predictable one of them all. Although when it happens... they will all tell you no one could have predicted it!
The world's big central banks (the Fed, the European Central Bank, the Bank of England, the Bank of Japan, etc.) will continue to "kick the can down the road", run their "printing presses", and the debt will simply continue to accumulate. Truth: I remember vividly way back in the late 1970's when the national debt went over a BILLION dollars. I was pop-eyed with anxiety and worry (because I was young and stupid). Now we yawn at a national debt in the TRILLIONS of dollars. I finally figured it out, Baff -- they just keep adding 'zeros' at the end of the dollar amount and go on with their lives-as-normal. It's only numbers in data files, you see.... As long as the masses can buy stuff on credit, the don't really care.... Hint: There are only two nations of important stature in the world whose economies are not ruled by their central banks -- The Russian Federation, and The People's Republic of China. A "day of reckoning" probably is coming -- but it's still WAY down that same road as the one that the other countries have been kicking their debt....
Yup, when is anybodies guess and my guess is ..... not tomorrow. Russia just had it's collapse. In this respect they are one of the most solid economies out there. Adding zero's to the notes is an easy solution that creates no new resources to match the new notes. That does precisely zero to fix the over-consumption problem. It is after all not the number on the note that matters, only the number of goods and services you can exchange them for. Equally we could print smaller notes and make fractional coins. use a decimal point to make the same amount of new currency. But currency isn't the important thing to an economy. What it is traded for is. I think it will collapse when someone offers a safer alternative off shore. That for me would be the catalyst. If China for example starts looking solid.
Russia has many economic difficulties, but now that oil is headed toward $70/barrel, Russia's prospects look brighter if only because Europe buys so much of its energy-producing commodities from Russia. Russia has been sneered at by "the West" as being nothing but a big 'gas station' run by criminals. That may even be true, but when you compare the national debt-to-GDP of Russia with, say, that of the U. S., it becomes obvious which country is on the right path (if there is one that doesn't involve war)....
