LADIES AND GENTLEMEN OF STEEM!
'Peace be with you'.
STOCK MARKETS OF THE WORLD ARE CRASHING!
WE BARE WITNESS TO BEGINNING OF WHAT WILL BE GREATEST ECONOMIC CRISIS THE WORLD HAS EVER SEEN.
BUT ALL IS NOT LOST.
FOR WE HAVE STEEM AND OTHER CRYPTOCURRENCIES.
THOSE WHO HAVE LISTENED TO SIRKNIGHT OVER THE PAST 18 MONTHS, WOULD HAVE TAKEN POSITIONS IN GOLD AND SILVER TOO.
THIS IS THE GLOBAL FINANCIAL RESET THE WORLD NEEDS TO HAVE TO END MASS DEBT AND CURRENCY ENSLAVEMENT.
MONIES ARE RUNNING OUT OF THE INFLATED DERIVATIVES AND STOCK MARKETS TODAY.
UNLIKE WITH THE WARNING WE HAD IN FEBRUARY - THERE SHOULD BE NO STOPPING THIS SELLOFF NOW.
MONIES HAVE ALSO LEFT CRYPTOCURRENCIES TODAY - THIS IS A NATURAL RESPONSE. RUN TO FIAT (SEEK OUT LIQUIDITY).
ONLY THE WORLD SOON WILL REALISE - FIAT IS WORTHLESS!
GOLD, SILVER AND CRYPTOCURRENCY PRICES WILL SOON EXPLODE HIGHER. THIS IS NOT DISSIMILAR TO THE BEGINNING OF THE GFC. GOLD AND SILVER WAS SOLD DOWN FIRST AS THE PAPER TRADERS OFF-LOADED THEIR POSITIONS - THEN 'BANG' LIFTOFF.
STAY CALM AND STAY ALERT.
I AM... SIRKNIGHT!
Why won't the world economy crash when it is control by people of greed, selfish interest and corrupted minds. 80% of the people work to generate 80% of the income which is unfortunately controlled by 20% of the people. Their economy has no freedom.
There is hope for us in the blockchain and am happy am a part of this freedom movement. I'll keep spreading the good news for whosoever will s to join.
Thanks Great Knight for educating and encouraging us .
Well said Uyobong.
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I wait in anticipation of the epic crash that is baked into the cake.
Anyone who hasn’t prepared their finances and got everything they need around them to wait out the economic storm will regret their inaction.
Fortunes will be transferred from the unprepared to the prepared and sadly many are going to suffer, it’s a necccesary reset so bring it on I say.
I’m ready....
Very well said my friend.
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In Venezuela we understand perfectly the consequences of bad economic policies, we know very well what it is like to see your currency depreciate and believe me, it is not nice at all.
We can't control the amount of money that central banks print, but they can't control the amount of gold on earth, or steems, or bitcoins... The actions to be taken are more than clear, we only have to do it before it is too late.
buy steem!
'Buy Steem' seems a smart move to me.
Bad economic policies are world wide. You guys got hit first because most of your debt is in US dollars - and you can't print US dollars. So you inflate your own currency to pay the debt. The US is of course the last country to be hit - but it looks to have been hit now.
Thanks for dropping by.
SK.
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It is just a matter of time.
Reckon we have had all the warnings we are going to get now T. There a re many financial institutions which will not be able to withstand today's hit alone. The contagion will spread. Our time has come.
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Calm and alert, but ready for the battle against evil.
Nice one Ruben.
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The global economic situation is complex, we must observe the economic behavior of U.S.A and especially that of China, that is for those who can move money and invest money, silver and gold.
In Venezuela according to the IMF recalculated inflation and now mention that it will be 4,800,000% by the end of this year and for 2019 of 10,000,000% hopefully they are wrong, most of us reach the money to buy food and cancel basic services. We'll be alert.
But trust, Jesus, I have defeated the world. Our economy depends on the kingdom of heaven.
The Jesus Credit Card. 😄
A terrible thing is inflation. It does not happen by accident though. Always stems from bad government and economic policies - though international pressures can play a part.
SK.
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I will make a publication about what is the economy of a common home in Venezuela so that you have an idea, hahahaha.
parchment
The world needs to embrace cryptocurrency really @sirknight it's the future, money may rot but cryptocurrency will live on
Definately Jose. The world needs currencies - many of them - that the elite can't print at will.
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That's what happens when we lack good knowledge about resource management. The resources are available but the resource managers are few. Thanks to bible study classes this past weeks on resource management.
On the other hand, I won't totaLly say that 'Fiat is worthless'.
Good update SK!
it is matter of time, cryptocurrency is the future
Yes it is Dwayne.
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In war warned no soldier dies! Well said your interpretation of economy SK! Soon the world will embrace the Crypto.
Hi SK, At the beginning of your post I was scared, in the end I took a breath and felt relief. Thank you for teaching about the global economy and the hope we have in cryptocurrencies.
I LOVE THIS POSTS AND WE LOVE YOUR STEEMCHURCH FREINDS
While I believe the crash is coming I don't think this is it. At least here in the US thinks are looking bright for the next 6 - 12 months with many companies beating expectations after having record breaking profits the previous quarter. New housing starts have picked up and interest rates are being raised.
Also, I don't think cryptos will be a safe haven for this next economic crash. Everything is still too new, speculative, and untested. In the future this may be the case that crypto will eventually become the safe haven, but am pretty confident most investors are going to hedge to USD/fiat for the next econmic crash. However, I think with this next economic crash we will see who are the strong cryptos that will be staying around for the long run and think Steem has a great chance at being the one of the few that stick around for the long run and this next crash will be a great time to pick up "cheap" crypto as long as you're confident whatever crypto your picking won't be one of the majority that got to 0.
It's always hard to see the bubble when you are inside it mate. Just ask the Sydney-siders who were borrowing millions for properties 12 months ago.
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I do not have much to contribute on the subject Lord, but I will follow your recommendation. Because I trust your vision @sirknight
markets are recovering errrrrr guess the FED just printed