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RE: The Last Time THIS Happened, It Was 2008! Mountains of Debt Will Topple the House of Cards!

in #trump6 years ago

Very informative. I am surprised you use steemit, it seems you are into the crypto space and that is superb.

I research crypto a lot and from my perspective crypto will be a definite factor in this financial crisis, since this is a new space and money isn't doing well here with manipulation and lack of regulation at the current moment. A double edged sword, like the Dotcom, which has a lot of good stuff, but a lot of bad stuff with it.

SPX

Based on the grey line, which i assume is the RSI, when it drops like that or a few times it bounces in that range, there is a delay on the SPX. So meaning right now as the RSI holds in that range we can expect the SPX to drop down after a while (we can see that already, but it's not alarming).

I wonder are there any sources of info, where it says what you can do to prepare for these kind of events and where to put your money (or just take your money out of the bank). Mainly i wonder what people did in the:

  • crash of '87,
  • dot.com crash,
  • financial crisis,
  • taper tantrum

There should be historical examples of what people did. Most say to buy metals like gold or silver, but as i read farmland can be good too.

Good videos, i'll keep track of you on steemit and on dtube (i assume you don't get money on youtube).

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