x5977 Posted February 6, 2018 Share Posted February 6, 2018 (edited) Harry Dent, Author of the Great Depression Ahead, believes that in the looming Global Financial Crisis 2.0, with a Global Debt of $233 Trillion (!), in which growing countries such as Australia and China that paved the way into solving the previous GFC last 2008 is now becoming the problem, believes that blockchain technology could be one of the solutions that can ease an impeding Global Financial Crisis 2.0. He thinks Ripple could be the "Amazon" of the Dot-com bubble that could alleviate said crisis: "Dent believes in the future of blockchain technologies that make financial transactions more efficient, but predicts the winners will be the cryptocurrency equivalents of Amazon that survived and grew despite the dot-com bust. He suggests Ripple may be one that outlives the impending crash. "Ripple is about people in the US, immigrants, transferring money much more cheaply to relatives in Mexico," he says. "That's a real business."" https://amp.smh.com.au/business/the-economy/buying-bitcoin-at-20-000-risk-your-***-handed-to-you-harry-dent-20180201-p4yz85.html?__twitter_impression=true Global Debt 2017: https://www.google.com.ph/amp/s/www.cnbc.com/amp/2018/01/05/global-debt-level-hits-233-trillion-record-high-in-q3-2017iif.html "The night is darkest just before the dawn. And I promise you...the dawn is coming."- Harvey Dent, related to the OP somehow? (Ha!) Edited February 6, 2018 by x5977 Added Global Debt 2017 link johnlogan, meatgrinder, xrphilosophy and 5 others 6 2 Link to comment Share on other sites More sharing options...
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