THE PANIC!

in economy •  8 years ago 

The year before the FINANCIAL CRISIS hit the world with mega-power I was warning people the best as I could about what was about to happen. I think I nailed it pretty good with this video.


Back then there was so much talk about going up, I just knew that everything was upside down and you can bet your grandmothers inheritance that I played the "big short" back then. However, this is not just another post to say "hello - I made a video once about the financial crisis" - I really care about people who can get themselves out of the situation if they want to - all you need is to go from credit to debit as quick as you possibly can because the fact of the matter is that not everyone can pay their debt - even if everyone paid their debts there would not be enough money made to allow everyone to do such a thing.

Why do we bank with Bitcoin?

I personally don´t trust politicians, hedge-funds or anything that is governed by tax-collecting political systems. I bank with Bitcoins for the same reason I don´t vote at elections - I don´t believe in them at all.

So i have been supporting crypto since 2009 anonymously and publicly and will keep on keeping on until the technocracy wins and the old regimes lose.

We the people must take the power back by being more clever then the grandparents and nannies that currently run the world. Let us start a movement, join it and finish it together. Do we need banks anymore?

The next crisis will be much bigger then the one of 2008. I´m telling you this in 2016 and you better believe it :)

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Just to let you know - not too publicly but anyways - I have apologized to @heiditravels and she has accepted my apology for the stuff last week.

Steemit is like a family, and sometimes brothers and sisters fight and become friends again later.

Make Love - Not War :)

Peace
@fyrstikken

There you go! glad to see we can get along. We always don't want to admit to ourselves that we need to apologize for the way the situation turned out. It's not about who's right or wrong. Good to see you 2 moved past it and a great content was made out of it :)

Atta Boy!

Like I said, you are a real and good person!

Good! :)

It takes a big person to apologize, and another big person to accept and move on. Good on the both of you. :)

Good job you crazy viking! ;)

Re-followed. Glad to see you apologized.

You've lost weight, @fyrstikken!

  ·  8 years ago (edited)

In our fiat money system, if everyone pays the debts (especially the government) the money supply would shrink and the system would experience a deflationary collapse. The debt IS the money. That's one kind of financial death. The other is a hyper-inflationary crackup-boom! Take your pick... Inflation is actually more likely, IMHO.

Very Well Said~*~

Repent! The end is near! :D

The central bank induced bubble is going to be "the big one", the only question is when?!

all lulz yer good stuff fyrstikken

Our banking systems are broken and only work for big companies and $.

So sad to see it again but, I don't see anything can prevent FINANCIAL CRISIS from happening.

good post

Great post @fyrstikken, and I'm glad she accepted your apology!

Stopping the need for infinite growth in markets that could never sustain such a concept is also a must and can only lead to a boom/bust cycle that has plagued the lower classes.

thanks for sharing this material, I like what you posted. Thank you so much

Have to watch the video when I'm not driving but anxious to hear what you know!