The Collapse Will Be Driven By A Credit Collapse, Has The Date Been Set? - Episode 1315a
Corporations are now looking at block-chain technology. Visa, Microsoft and many others are turning towards the crypto world while the corporate media and the banking community will begin to tell you how bad the block-chain is.
The BIS is warning that a recession is headed our way, the corporate media is already putting out more articles of a recession. Goldman, Citi and BofA are now blaming the Fed for the past recessions.
A Hedge fund manager has predicted a date of the collapse of the economy, now you know we are getting close.
Dave I have already invested in an upcoming Gold crypto currency called onegram, each coin backed by 1 gram of gold plus other benefits. Go to www.onegram.org and download white paper, looks to have big potential
https://onegram.org
Gold Backed crypto sounds like very good idea. But why would a crypto currency needs to be backed by gold? I think only Fiat can be backed by gold as it has no value. Crypto is already backed by the technology.
Good point if you rerad the white paper they will be reinvesting into the coin , so what is now 1 gramm per coind could effectively be 5 gramms per coin , either way may attact some investors here with 2 benefits 1. the technology and 2 Physical Gold backing
I have invested in Goldmoney. The assets are fully stored in physical Gold and the system is combined with crypto technology. I find the team behind really trustworthy.
https://holding.goldmoney.com
Same long time user very professional indeed! I think a mixturer of stoed and physical in your possession the best strategy , and of course I also like cypto currency but its only for trading
While the idea of a crypto being backed by gold is an interesting concept, I feel that if the gold isn't in your physical possession, then what is the point? I think it would be hard to redeem the cryptos for gold in a financial crisis. Best to just order the gold and take physical possession and store it away. https://karatbars.com/shop/?s=gam160
When will iit burst?
The credit collapse is already here.
Just look at the rate of bankruptcy and foreclosures, forget about the lies of a great housing market, ha! lies.
The governments and media will go to any lengths to discredit the crypto currency because they don't know how to deal with it.
But i do agree with you and I have been saying that the governments will come up with a currency backed again by the gold/silver standard...GET SOME!
In all my post I keep telling everyone that silver is so cheap its almost free.
Your retirement and fake savings can be taken in the blink of an eye.
Have cryto?
Make sure its in an hard wallet, but having silver and gold ,IN HAND not paper will be the greatest opportunity one can have in this time and day.
I think the bondmarket will be first to collapse
Thank you Dave, I hope it holds off just a little bit longer, we are almost all prepared, but it might take us until fall to get really set up...
I think predicting a date is a pointless exercise. While I believe the global economy is set up for a fall, central banks can keep it afloat far longer than we would ever expect. All we can do is prepare ourselves and look for the signs that it is happening. Hopefully if we can recognize it, we can make our final preparations...like clearing out all our cash, getting last minute supplies, filling up the gas tank, etc.
Clearly no one knows for sure. It is hard to imagine that our house of cards will stand, yet the central banks learned something from Japan after their meltdown. Back then it seemed like the near zero interest would eventually stop, but here we are decades later.
But Dave is right too, be prepared.
Yes, the lost generation of Japan had a lesson we could learn from...unfortunately the powers that be either don't care, or they were too ignorant to heed the warning. Of course, being the reserve currency of the world, we have more to lose than Japan did back then. Be prepared for a 20% standard of living drop, at minimum.
Thank you for sharing
I heard that the impending collapse will be due to the car loans market. After the housing crises on 2008 it was made more difficult for banks to give loans to people who do not have a regular income so they took aim at the car loans market - which is huge. This market is unregulated as the house loans were before. Now they are all about to crash - experts are calling it Carmageddon .
I eagerly await your reports Dave.
nice idea, could it work...
Thanks Dave, good report, today I saw an ad for your to invest your 401k into cryptocurrency, that will really make the bankers upset.