Global Economy Is Destined To Collapse! Bitcoins Role In Saving Your Wealth!



heyyo good afternoon viewers of the tube my name is Tyler of Chico crypto welcome to the channel that is riding this Bitcoin wave up down and all around and hoping to be a helping hand for any novice surfers looking to test those waters well Surf's Up brah cause it's time for Chico crypto today I would like to talk about the state of our global economy the global economic crisis of 2008 was a wake-up call to how monetary policies were being run across the globe cheap credit made it too easy for people to buy houses or make other investments that were based on speculations the people of the United States with the cheap credit we're buying a bunch of houses taking out loans larger than they could afford because mortgage brokers were making a killing off giving out the loans those mortgage brokers would then package these bad mortgages with other mortgages and resell them as investment banks and investment firms portfolios were made up of these mortgage-backed securities and when the ticking time bomb went off the house of cards came falling down individuals and investors could no longer flip their homes for a quick profit adjustable rate mortgages adjusted skyward and mortgages were no longer affordable hundreds and thousands of these mortgages defaulted leaving the investors and financial institutions holding the backs this caused massive losses and mortgage-backed securities and many banks and investment firms begin bleeding money the mass losses caused banks to tighten their lending requirements but it was already too late the damage was done and many of these banks and financial institutions merged with others or they were bought out others received a government bailout to still function while the worst of the lot crashed and disappeared so what do you think was the answer to this to give out more cheap credit of course cheap credit got the world into the mess so countries across the globe use the policy of lowering interest rates after the crisis many central banks reduce policy interest rates to zero to boost economic growth over ten years later those interest rates remain suspiciously low in most countries as we can see from this chart most countries are sitting at below 2% interest rate with many sitting in the negative only three countries Iceland Mexico and Turkey are 4 percent or above now historically severe recessions require 3 to 6 percent point cuts in policy interest rates and if another crisis is to happen only Iceland Mexico and Turkey would have that kind of room for their monetary policy to respond a super majority of countries across the globe have no room to maneuver and are being backed into a corner with the decades of low interest rates the economy does look good on paper here in the US household wealth has ballooned by over 50 trillion dollars since the economic downturn as seen from this chart while most people welcome and applaud a wealth boom like this it actually might be a dangerous bubble that will be similar to what happened in 2008 or worse let's switch to this chart with household wealth the blue line with the underlying economy or GDP the orange line in sustainable organic wealth booms household wealth tracks GDP very closely starting in the late 1990s household wealth decoupled from GDP as the tech stock bubble helped inflate portfolios until it came crashing down in the early 2000s in the mid 2000s the US housing bubble once again decoupled household wealth from GDP with a larger gap until the crash happened and the gap closed here we are in 2019 and that gap has widened to the furthest in the history of the US economy this is the everything bubble because a wide range of assets and markets are involved in this bubble after the housing crash and the Great Recession the Fed was so desperate to create an economic recovery and bull market that it did so via the brute force of monetary policy like those low interest rates we just talked about by cutting interest rates to record low levels and pumping trillions of dollars worth of liquidity into the financial system the Fed has succeeded in creating an asset boom that has caused the S&P 500 to soar by over 300% the feds historical interest rates show how periods of low interest rates have led to inflation bubbles slashing right before the dot-com bubble then extreme slashing right before the housing bubble this everything bubble of the past decade is dangerous in extreme because interest rates have never been at such low levels for such a long period of time in addition to lowering the interest rates the Fed utilized quantitative easing for the very first time this entails creating new money digitally for the purpose of buying bonds and other assets which helps pump more liquidity into the financial system this chart shows the total holdings of the Federal Reserve as it embarked on its three easing programs each of which led to surges in the stock market household wealth has ballooned but in the feds quarterly flow of funds report the Fed set household net wealth fell from a peak of 108 trillion to one hundred and four point three trillion dollars in the final months of 2018 this was a three point five percent drop and the biggest quarterly lost since late 2008 wealth has started to fall but debt among household has grown to levels not seen since 2008 even outgrowing 2008 by nearly two trillion dollars the crisis is coming recessions and economic downturns are a natural force and the powers that be they actually know this what can be done to keep the gravy train flowing in February of this year the IMF put out a blog post titled cashing in how to make negative interest rates work the blog post is basically a hit piece on cash money it explains in a cashless world there would be no lower bound on interest rates a central bank could reduce interest rates from 2% to minus 4% to counter a severe recession this interest rate cut would transmit to bank deposits loans and bonds without cash depositors up banks would have to pay the negative interest rate to keep their money with that bank making consumption and investment more attractive than holding their emoney with a bank basically the ideas encourage people to never have a savings they want to encourage regular people to always spend their money to always consume and to never save the only type of savings would be investments in things like real estate but the majority of people will not even be able to invest in homes in the future only the wealthy would be able to increase their wealth while the poor would be at the mercy of the bank's either spend or pay the bank for the luxury of holding on to their emoney credits this is downright scary and it makes me depressed just thinking about it the article from the IMF is just the beginning the war on cash and savings is going to heat up in the coming years but as we know there is something called Bitcoin and cryptocurrency Bitcoin essentially turns you into your own bank you control your wealth and there is no way they can charge you a fee for holding on to this type of e money Bitcoin represents a decentralized response to the financial regulations that Satoshi Nakamoto saw coming rather than being controlled by external national entities Bitcoin provides a method of capital transfer that functions in response to market forces through the distributed ledger the problems that led to the current state of financial fear are now removed allowing for the free flow of value between parties it's no wonder in Satoshi Nakamoto tag the Bitcoin Genesis block with the x o 3 january 2009 chancellor on the brink of a second bailout for banks the handwriting for the next crisis was already written on the wall and Satoshi knew it cheers viewers I'll see you next time you




Comments
  1. ⏰ Time Stamps ⏰

    00:08 Introduction

    00:30 The Financial Crisis of 2008: What Happened?

    02:06 The Answer? Give More Cheap Credit With Low Interest Rates

    02:31 10 Years Later Interest Rates Remain Suspiciously Low Across The Globe

    03:05 The Economy Does Look Good On Paper

    03:29 The "Everything Bubble"

    04:17 The Fed Is Artificially Creating A Bull Market

    05:08 Quantitative Easing Used For The Very 1st Time

    05:34 Household Wealth Is Starting To Fall But Debt Is Growing

    06:04 Negative Interest Rates & The Fall of Cash Money

    07:37 Bitcoin & Cryptocurrency Can Save Our Wealth

    08:19 Conclusion
    💥Buy A Ledger & Keep Your Crypto Safe💥

    https://www.ledger.com/products/ledger-nano-s?r=c56a&tracker=MY_TRACKER

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  2. Bitcoin will never scale to keep up with the masses who will flock to the space, so the clear winner in being able to handle the millions of transactions once cash goes to shit is Ethereum, how do I know that? ETH 2.0 has many layer 2 scaling solutions that are just waiting to be deployed. Phase 0 goes live at the end of this year, so we only have about 7 months to accumulate the cheap Ether we can get. We're heading to Andromeda and beyond, $175 k per ETH come 2022.

  3. They didn't buy at $3k because "it will go to $1k".

    They aren't buying at $5k because "it's a bull trap".

    They won't buy at $10k because "waiting for the dip".

    They won't buy at $20k because "it's too expensive".

    They will buy at $100k because "it's going to $1M".

    #BTC

  4. Help who? People buy shitcoins so they get ripped off while u make money on the idiots?

    STOP THE LIES CHICO YOU GOT CAUGHT ON THE SHITCOINS OWN WEBSITE!!!

  5. Before becoming successful in the crypto sphere, you must first understand what crypto currency and bitcoin is all about. Bitcoin is decentralized, meaning it doesn’t have a central issuing authority or political institution that controls the amount of bitcoin in circulation. But the Bitcoin platform is far from anarchy. The whole process is pretty simple and organized but yet can be scary because of its volatile nature. Bitcoin holders are able to transfer bitcoins via a peer-to-peer network. These transfers are tracked on the “blockchain,” commonly referred to as a giant ledger. This ledger records every bitcoin transaction ever made. Each “block” in the blockchain is built up of a data structure based on encrypted Merkle Trees. This is particularly useful for detecting fraud or corrupted files. If a single file in a chain is corrupt or fraudulent, the blockchain prevents it from damaging the rest of the ledger. Unlike what most people think, there is much more to the business of cryptocurrency than just buying, hodling and hoping someday, luck will smile and turn them into millionaires. Well, not like that isn’t possible especially with the prospects of bitcoin mooning and reaching new height but what if the reverse is the case owing to the very volatile and unpredictable nature of the coin. A higher percentage of investors would have lost hard earned funds but there are several measures to take so as to earn profit (not just random profit with some losses but consistent profit at a 90% rate) and still be very safe in the markets and the best of these options is to trade using the experience of a successful trader like Eric Caruso. I first contacted him after much losses due to I was strictly a hodler but with his guidance, strategies and signals, my profit margin has been very high and consistent. I make 5 Bitcoin monthly by using his signals and trade patterns and its really fortunate I met such a person. You can reach him by mail ([email protected]) for any guidance or inquiries you may have and also he is so down to earth I am pretty sure he would be delighted to keep making positive impact for investors in the crypto sphere.

  6. Last year (2018) taught everyone a good lesson concerning Bitcoin and cryptocurrency in general, and I got into the crypto market in mid-2018 after a friend of mine introduced me to Bitcoin. I was skeptical at first about what it is and how it work but after proper research and have seen several use cases I decided to buy 5BTC and I left it in my wallet expecting the price to increase in some months time due to my knowledge as a newbie then and also following the instructions I got from my friend but it never happened. In short, the reverse was what I saw and I became afraid and so I began to read several blog post and following YouTube video tutorials to understand how I can make profit but the more I try, the more I loose more of my Bitcoin. So not until I found a beginners trading post talking about a strategy on how to trade and make profit and I contacted the person in charge, Mr. Erik Larsson, he explained to me the different ways to make profit in this bearish market. I decided to give it a try and I invested 2 BTC of my coin, and it quickly rose to 6 BTC towards the end of Febuary 2019, and I was convinced it is the best way to make a good profit from Bitcoin. If you're still confused about the steps to take this year I urge you to contact [email protected] for all your cryptocurrency questions, strategy and beginners coaching.

  7. free mining
    without doing anything, just waiting.
    1 coin will get 0.00000141 btc every 20 minutes
    Please try.
    if you want to sell coins.
    1 coin = 6600 doge https://coolinku.com/o0Fu

  8. Great way to explain the reality that is staring at us but no so called experts want to acknowledge. Bitcoin is a great way to store value. But historically investors turned to defensive assets during recession than speculative assets. So not sure how Bitcoin will be a widely accepted store of value yet.

  9. check the monsterous head and shoulders on the daily on the Dow Jones Industrial , its about to break and all hells is about to break loose , wait when it breaks even further when the slices through the neck line from 19000 to 10000 points ,

    Bank Runs
    Housing Foreclosures
    Bankruptcies
    Defaulting loans on houses cars student loans
    401k vanished
    social security vanished
    Fiat savings vanished

    Day of recogninig is coming be on the right side of history otherwise be royally screwed !!!!

  10. DUDE YOU ARE FUCKING TRASH. ONLY TRASH PEOPLE SAY ECONOMIC DOWNFALL IF GONNA MOON YOUR BITCOINS. GO FUCK YOURSELF METH HEAD

  11. Hell to the yizyeah. Good video Chico! We should not forget, and I also believe a recession is on the horizon.

  12. Are you having issues accessing your investment with your broker ? Is your broker demanding for more you can withdraw on forex? OR has your broker account been manipulated in any form ? You suspect shadiness from your bank account officers and wish to get a full refund of all your scammed funds ? I recently recovered funds from a scam broker, binaryonline and Big Option. They intentionally make you loose trades so you deposit more money. I had to hire a professional expert on www.oxpahat.org to get my money back with no upfront fee. Lesson learnt, happy to share my experience, their email is [email protected], good luck.

  13. Bank with negative rate is bad? Try Crypto Bank: https://celsius.network , community bank who fucks big bank like JP Morgan.

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