Hi to the melting pot people,
I have a few questions, are the rumours of a Global Financial RESET true, if so when do we think this will happen?
If the banks go belly up again will the governments decide to take our hard earned cash or will they just go on print more money and more and more and more…
The idea of banks shutting down for two weeks, limiting what depositors can withdraw, food and fuel shortages is this scare mungering? Recently the UK has been finding it difficult to cope with natural disasters let alone a financial collapse.
According to economists the debt crisis in the UK has risen and is still rising, not to mention Americas debt. The last crisis I would say in charting terms was a PULL BACK, and the downtend continues, what should us good honest folk do to protect our hard earned money, besides stocking up on baked beans or buying back scrapgold.
If we wanted to withdraw anything over 10 grand it will take at least two days for the banks to give you your money, what would happen if we all needed to get our money out, Argentina and the US are two prime examples in history were the governments ceased control and limited the flow of money, one would say they would have to do such things in order to stabalize the economy i suppose…
Finally Bitcoin and Cryptocurrency are being hailed in comparison to the starrt of the INTERNET, in 10 years or twenty years time will this new decentralized currency be accepted fully in society. Google amazon facebook and other large blue chip company’s are in readiness to join this revolution. According to you tube there are 6 billion people on this earth and only 1 billion have access to financial instruments, will cryptocurrency change all of that.
WHICH WAY IS THE FUTURE
A: A RETURN BACK TO A MODERN STYLE DEPRESSION, restrictions, foodstamps, wage decreases, for about 5 to 10 years until the uptrend starts again.
B: A SOCIETY that embraces cryptocurrency, which will gradually take over the current system, access to the new currency will be accessible everywhere, the world can grow at a more even rate. The financial world will not be controlled by a few but by many, using a fairer system soall can prosper, be it bitcoin or whatever is dreamt up next.
So final question what is going to be done about this huge debt which keeps rising, can they just write it all off just like they started Quantative easing lol printing money?
I have more questions but its getting late…
cheers