26/11/18

The Next Financial Crash Will Make 2008 Look Like...



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The Next Financial Crash Will Make 2008 Look Like...
// Bitcoin - The Currency of the Internet

Ok, so what have we learned since the 2008 financial crash? Nothing. People are still living way beyond their means. Debt is still increasing. Banks are still loaning money out way too easy. Debt can't keep going up, eventually something huge has to happen that changes how we finance, because the fiat way of printing money just does not work. We're not learning from our mistakes the easy way, so we must learn the hard way, that's just the way life is. Eventually people will be demanding a huge change to how finance is dealt with. In the future what you'll likely see is a new form of currency that can be handled better and is much harder to manipulate and can't be printed out of nothing. I don't know what that currency is going to be, but it'll be the evolution to finance that will ultimately kill paper money, the same way Paper money was seen as the evolution to finance when it took over precious metals.

Your thoughts?

submitted by /u/bitcoinfuture1
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