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...
x5977 Posted February 6, 2018 Author Share Posted February 6, 2018 He also noted that Bitcoin, specifically, can be the pin that starts the pop... Link to comment Share on other sites More sharing options...
Guest Posted February 6, 2018 Share Posted February 6, 2018 Great post. Thanks for putting it together. It's things like this that make the light at the end of the tunnel much more believable (not that I've ever doubted it). We ultimately know how big of an impact Ripple can have on the global economy. Now it's just a matter of convincing the entire world that they need Ripple. It WILL happen eventually. And my opinion is that it'll be very organically. A few FIs begin to use it, report on their savings, other FIs jump on board to remain competitive. Ripple will be contagious, so to speak. We're on the cusp of great things, my friends. Link to comment Share on other sites More sharing options...
x5977 Posted February 6, 2018 Author Share Posted February 6, 2018 @MrRippillionaire Thanks for the appreciation my friend. I truly hope for great things for Ripple, and that they have a "laser focus" on the goals that they want to achieve... And that xrp, specifically, would be one of the tools that helps alleviate our lives if and when a GFC 2.0 is coming. After I read all the macroeconomics at play, and not just crypto in general, I am further setting myself up in doubling down on xrp to better my position. The good thing is, xrp is ON SALE now. ? Link to comment Share on other sites More sharing options...
TheXRPer Posted February 6, 2018 Share Posted February 6, 2018 Some time these opinions can be self-fulfilling prophecies. x5977 and Zedy44 2 Link to comment Share on other sites More sharing options...
x5977 Posted February 6, 2018 Author Share Posted February 6, 2018 @TheXRPerI sure hope so, in regards to Ripple and not the GFC 2.0... Link to comment Share on other sites More sharing options...
xrphilosophy Posted February 6, 2018 Share Posted February 6, 2018 Where is money going to go if the global economy begins to downslide? Not the equity markets, real estate, the bond markets (on the brink). I've always felt that Crypto would stand to hugely benefit if/when this happens. I suspect this is why there is a global rush to regulate this young market so the biggest of players can get in it quite soon- at these low or lower prices, as in now. We all know there is money to be made here, and I think they have long understood this, and are one step ahead in that sense, to control these markets, aka get in, and run the price up over the next 6-24 months. In the U.S. alone credit card debt exceeds what it was in 2007, pre-2008 financial crisis, now at approx 1.3 trillion. It's not about to fall just yet, but the card companies are beginning to reign it in as the warning signs are there of defaults on the lesser prime cards. Same with car loan and education debt. Banks will have to cover their losses somehow, and without any really effective QE left from the FED, they have only the International Bank of Settlement to turn to- and then subsequently the investment of that money in this new bubble to come- the market of digital assets. In another sense, goodness - what a crazy global economy we live in that it's come to this even for the biggest players, the largest banks. The pre-requisite for XRP to be targeted by the big influx of money is that it is regulatory friendly, actual use case, mature in its adoption v others, great tech, the top team, but the requisite for it going up in price in 2018/19 I feel has to do more with money from the big fish entering the market, and little else--until the true crypto bubble bursts, which is yet to come, a couple years off I think. Then the tech/use case really kicks in again when other tokens have vanished, and the market matures. This is why I feel comfortable holding. Still think this year is going to yield great dividends for XRP. x5977, Benchmark, Tyrell and 1 other 4 Link to comment Share on other sites More sharing options...
Edm22 Posted February 6, 2018 Share Posted February 6, 2018 2 hours ago, x5977 said: 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!) Have you posted this on the Zerpening thread? Link to comment Share on other sites More sharing options...
x5977 Posted February 6, 2018 Author Share Posted February 6, 2018 1 hour ago, Edm22 said: Have you posted this on the Zerpening thread? Nope, thought this deserved its own thread as this topic relates on a larger scale. Feel free to link it though if you would want. ? Link to comment Share on other sites More sharing options...
Benchmark Posted February 6, 2018 Share Posted February 6, 2018 That would be a great scenario. We might have seen the first red numbers of the next recession in the past days. x5977 1 Link to comment Share on other sites More sharing options...
x5977 Posted February 6, 2018 Author Share Posted February 6, 2018 Doe Jones and S&P tumbled: https://mobile.nytimes.com/2018/02/05/business/stocks-equities-dow-markets.html?referer=https://www.google.com.ph/ Nikkei tumbled hard, last seen since 1990: https://www.cnbc.com/2018/02/05/japans-nikkei-stock-index-suffers-heavy-losses-after-us-market-sell-off.html Even our country's stocks dipped lowest since over a year: https://www.rappler.com/business/195308-philippine-stock-exchange-index-february-5-2018 I'm not preaching a "doom scenario" but it just feels eerily similar albeit feels much bigger somewhat. It seems like "Inside Job" (documentary) is preparing for a sequel real soon, although with some new cast of characters: Cryptocurrency Hopefully, cryptocurrency would be a protagonist though... Link to comment Share on other sites More sharing options...
JohnnyRippleSeed Posted February 6, 2018 Share Posted February 6, 2018 (edited) I'll take good news where I can get it... too bad Dent is a major hack and a known tout. Just like Weiss - sensationalist bullsh!t & hyperbolic claims to get attention, airtime, media coverage and sell subscriptions, books, seminars. Seen these clowns for years... OFTEN WRONG, BUT NEVER IN DOUBT! I meant to chime in with some perspective when so many were getting all lathered up about "Weiss' Ratings" of CC. Sorry I didn't provide some perspective at the time on what a crock his "ratings" are; might have saved a few some energy or money. NO legit FI uses "Weiss Ratings" for anything. It's a ruse for rubes to make them think they're "getting in" on institutional-type info/tools. Not! Now if Moody's, S&P, or Fitch (yeah, yeah they sucked and were bought off to provide AAA on crap subprime MBS leading up to the 2008 crisis, but they're still the standard) were putting out some CC ratings/analysis... that would be interesting. And perhaps we will see that once we get a regulatory framework going; XRP should be at the top of that list when that happens. Edited February 6, 2018 by JohnnyRippleSeed x5977 1 Link to comment Share on other sites More sharing options...
Guest Posted February 6, 2018 Share Posted February 6, 2018 well if late 2017 was about racking up more debt than the world has ever seen, then clearly the start of 2018 was going to be the worst hangover in a long time this applies to stocks, shares, crypto... anything Link to comment Share on other sites More sharing options...
x5977 Posted February 6, 2018 Author Share Posted February 6, 2018 8 minutes ago, zerpdigger said: well if late 2017 was about racking up more debt than the world has ever seen, then clearly the start of 2018 was going to be the worst hangover in a long time this applies to stocks, shares, crypto... anything True that. Worst hangover ever.. Link to comment Share on other sites More sharing options...
Tripple Posted February 6, 2018 Share Posted February 6, 2018 Bizarre how the stockmarkets are following the same patterns are cryptomarkets a month ago! x5977 1 Link to comment Share on other sites More sharing options...
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