BitShares Forum

Other => Random Discussion => Topic started by: matt608 on February 07, 2015, 10:17:50 pm

Title: Another economic crash is coming - video from the Guardian
Post by: matt608 on February 07, 2015, 10:17:50 pm

http://www.theguardian.com/commentisfree/video/2015/feb/04/another-economic-crash-is-coming-how-did-this-happen-video?CMP=share_btn_fb

Wonder what will happen, how this will affect things and how BitShares can help.

Title: Re: Another economic crash is coming - video from the Guardian
Post by: CLains on February 08, 2015, 01:25:02 am

:o

Title: Re: Another economic crash is coming - video from the Guardian
Post by: jsidhu on February 08, 2015, 05:53:21 am

We all know its coming.. Just when.. It maybe bearish at first but as smart moneyheads for the exit they will want to buy non manipulative assets maybe into physical assets like housing, probably precious metals and then consider crypto if they feel that some banks are warming up to the idea of a blockchain backed central bank

Title: Re: Another economic crash is coming - video from the Guardian
Post by: Average Guy on Street on February 08, 2015, 03:08:27 pm

I find Jim Rickard's explanation of what will happen in the future collapse very insightful:

http://www.bnn.ca/Video/player.aspx?vid=507316

In Jim's book, "The Death of Money", he talks about the importance of a country's Gold reserves to their GDP being how all the world's fiat currencies will get revalued after a collapse in confidence in the USD as world reserve currency. This is why several countries are repatriating their gold reserves right now.

He explains that the International Monetary Fund (IMF), is the only bank in the world that will have the ability to bailout the central banks.

He gets into the role of the IMF Special Drawing Right (SDR), and how it will be used as a reserve currency in the future.

Bitshares delegates, could potentially add the SDR to their BitAssets price feeds. I think that would be very interesting! It would be the only currency that the Bitshares platform can offer to users, that no one else in the world can have except governments. 

See SDR price feeds here:  http://www.imf.org/external/np/fin/data/rms_sdrv.aspx

Jim is a big advocate for owning physical gold, and we already know the advantage of BitGold and BitSilver offers through Bitshares. :)







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Title: Re: Another economic crash is coming - video from the Guardian
Post by: Average Guy on Street on February 08, 2015, 03:14:33 pm

Best way to keep up on Jim's commentary, is through his twitter feed:  https://twitter.com/jamesgrickards


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Title: Re: Another economic crash is coming - video from the Guardian
Post by: onceuponatime on February 09, 2015, 02:28:04 am

King World News

Greek Disaster Is Now Set To Catapult The World Into A Global Meltdown


http://kingworldnews.com/7-terrifying-warnings-greek-disaster-now-set-catapult-world-global-meltdown/