Global Financial Crisis - Nov 2019
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Everybody knows this famous statement, but how many people follow this advice that we can learn from the investment guru?
In this post, we want to point your attention to the upcoming financial crisis. No drama or exaggeration - just real facts and arguments. The goal of this article is to prepare for the worst scenario and use our knowledge and your awareness to save funds and succeed.
For the last 100 years, society observed 30 major financial crises. Based on William Gann Theory we have economic cycles divided on 30-60-90 years. 2019 - will be exactly 90 years since the "Black Tuesday" in 1929. The next crisis hard to call mortgage crisis, dotcom crisis or crisis caused by junk bonds. This one will combine everything starting from 1901.
We think it will be the transition from the old financial system to the new one. And Cryptocurrencies, especially Bitcoin, will help to make it less stressful. But hold your breath - another recession is coming and here is why.
We've taken seventeen global economic indicators and charts: from BTC transaction volumes to the Corporate Debt outstanding as a percentage of GDP. Each government acts same as a business:
it has assets
it has liabilities
it has cash flow obviously
So why can't we put it in one place and analyze the whole global economy as a business which makes the most significant returns when it comes to the assets and creates the highest risks when it comes to the liabilities.