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@Alex-Werner
Last active August 7, 2017 23:07
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The New Economic Crash ?
Predicting new crash soon as per :
- Banco Popular bank run in Espana who died in June 2017 (2bn € per day where moved out). It was the third biggest bank in Espana (1700 agency).
- Stress-test are shit (as Banco Popular has passed them easily).
- Banco Popular has been bought for 1€ by Santander (first bank of the country), so the debt are still existing by has switch of hands.
- European Union to block account during 20 days to avoid bankrun
- Otmar Issing (German economist, 1 of the father of the Euro and previously Member of Executive comitee@BCE) said "The card-castle will collapse"
he also said the WirschaftsWoche journal "The crisis is not over", but this can be understand by seing what has really changes since 2008 (actually nothing, it's worse).
- Junk-bonds are now representing ~1 000 bns €.
- 114 of the 500 italian bank are near the end (Fitch)
- 3 of them has been saved or liquidated for a price over the Crédit Lyonnais's one. 111 remaining.
Data :
MarketCap of :
Bitcoin : 55 bns. (Used 7000 yrs ago in Varna and still here).
Silver : 1000 bns.
Gold : ~7000 bns.
Consequences :
- Crypto to arise. Cash to be held by banks.
What to do :
- Wire some crypto to your bank, and withdraw cash. Then leave banks as possible (find a way to be paid in crypto for instance).
- Buying some silver and gold can be good as a hedging process.
- Mind that things has value (cigarets, food, medecine....).
- Go full crypto for the rest. Learn new skill (buy books or download ebook on e-reader), find a way to be autonomous in term of electricity.
- Buy Roubles and thank me later.
It must be said that, we found gold coin in the bottom of the Meditarean see some years ago. It has more than 2000 years old, and was shipped during Roman Empire. Theses coin still has value today.
Fish and Shell are doing a better job than BCE to keep the value of a currency.
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