Impending Economic Collapse | Forex Factory

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Impending Economic Collapse

  • #1
  • First Post: Dec 1, 2015 6:04pm Dec 1, 2015 6:04pm
Hi guys!

Just wondering what your thoughts are on the idea of an impending economic collapse, what the implications might be for retail traders, and what, if anything, you're doing to protect yourself/profit from said event...?

I'd really appreciate whatever feedback you're willing to offer. Thanks!
  • #2
  • Dec 1, 2015 7:24pm Dec 1, 2015 7:24pm
the world will see slow deflation but not an all out collapse,
Learn, a forex trader must, unlearn and relearn he will.
  • #3
  • Dec 1, 2015 7:31pm Dec 1, 2015 7:31pm
The good thing about trading currency is that, you can simply short the failing currency. If you are talking about global collapse. You will need physical gold and silver. The rarity, waste and difficulty to obtain will always make these valuable. However with the new invent of cryptocurrency. Upon a global collapse, I would imagine government would switch to this idea. Instead of the fed reserve. The government would control it. Barter systems will come and go because people are greedy and will simply just want whatever is labelled as legal tender.

Then I imagine trading will resume with crypto as reserve. Banks will be reduced to living off the fees of peer to peer lending or simply become fully government controlled. Governments wont even have to print money anymore to be in full control.

Moral buy gold and silver. And some tinned food.

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  • #4
  • Dec 1, 2015 7:40pm Dec 1, 2015 7:40pm
hi
i stopped investing in forex i just have a small account now and i am investing in bitcoin and it is really very good
have a nice day please
focus while relaxed to see better
  • #5
  • Dec 1, 2015 8:54pm Dec 1, 2015 8:54pm
Quoting Chrisian
The good thing about trading currency is that, you can simply short the failing currency. If you are talking about global collapse. You will need physical gold and silver. The rarity, waste and difficulty to obtain will always make these valuable. However with the new invent of cryptocurrency. Upon a global collapse, I would imagine government would switch to this idea. Instead of the fed reserve. The government would control it. Barter systems will come and go because people are greedy and will simply just want whatever is labelled as legal tender....
That's great! Thanks! I was having a minor panic attack worried about what the hell I'm going to do when it all goes to shit, but you guys never fail to make me feel better. Thanks again! <3
  • #6
  • Last Post: Dec 17, 2015 9:00pm Dec 17, 2015 9:00pm
Well that was a pretty accurate forecast...

http://www.itnews.com.au/news/anz-ba...project-413156

ANZ Bank will work with other financial institutions and technology companies to develop an enterprise-grade distributed ledger framework based on blockchain, the transaction tracking technology underpinning crypto-currency Bitcoin.

Read more: http://www.itnews.com.au/news/anz-ba...#ixzz3udaqnxcq
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