I have been thinking about this subject for a while, ever since the most recent financial crisis of 2008. I have a feeling that it might have been relatively soon. I believe it was to happen again would be around September of this year. Why do I say that though? Well, we seem to be repeating, or the government to be more specific, the same mistakes that led up to the financial crisis of 08. Regulations on the banks are going to be lessened and they have become bigger than they were when they originally failed when they were "too big to fail". The value of real estate is starting to go up again, that's not to say that where it'll start this time but it is probably one of the indicators that we are on that same path again. Like my history teacher used to say "history doesn't repeat itself like a brother or sister but more like cousins." Now what does that mean in hindsight, it simply means that events don't necessarily repeat exactly as the previous time there will be variations that will make them distinct but they will be similar in other aspects. Examples of this would be the Great Depression and The Recession. Very similar events but varying circumstances. Or even World War I versus World War II.
Who's to say that the financial system didn't die back in 2008, what if the federal reserve is printing up so much money that it only appears that the system is alive and well. It's like they kicked up dust and nobody can see that there is a dead body in the room. The only way people could see the true reality is when there's no more dust being thrown, and the dust settles revealing the dead corpse. It's pretty astonishing to think about it that way. The fact that the Federal Reserve is printing so much money is almost like the blood of the system that is supporting the entire thing until it can no longer due to hyperinflation if that were the case.
Now I believe the Federal Reserve is playing a very delicate balancing game with raising interest rates. Sure, it may seem that our economy is doing well and improving but if it happens too quickly, which I'm afraid it is doing and only accelerating it will not be able to keep up with itself in for lack of a better term implode or be crushed due to unsustainability.
The fact that the people who lost their homes in 2008 and didn't get bailed out and the banks did is incredibly telling on how the system is only concerned with protecting profits and not people. I guess sometimes that's how it has to be, things have to get worse before they can get better. If we really think about it there is one good thing that came out of it all, actually probably a few things. One, we realize the system is working. Secondly, the system is designed to protect profits of banks and corporations instead of the people. Thirdly, people are more aware and are paying attention more than ever due to this event. Lastly, the birth of bitcoin came out of this event having inspired Satoshi Nakamoto who had witnessed people lose faith in the system and be taken advantage of.
We have the tools to protect ourselves and we are getting more each and every day. All because of one person's innovation against the monetary system. We also have the ability to buy assets such as precious metals gold and silver and turn in our worthless cash into something that may keep us afloat in financial difficulties or crises of magnitudes that we may not even realize.
They may be trying to stop bitcoin or other crypto currencies, but they can no longer censor us thanks to Steemit. We now have a place they can call our own and work together to share ideas and communicate one-on-one or in mass to others who want to bring peace and love and prosperity to others who are suffering at the hand of a greedy monetary system.
Sure, some days it may seem hopeless but we must never lose the inner hope that things will get better we must be patient. That doesn't necessarily mean doing nothing do everything you can in the moment as it adds up and it does make a difference even though it may not seem like it is having any tangible effect or result right away it most certainly will, and when that time comes you'll be glad that you took action in pursuing what it is you chose to make a positive difference and help others.
In the history of Fiat currencies, they have all gone to zero. On average, it takes 20 to 40 years and if we really think about it the US dollar began in 1913 so we are way overdue. The financial crisis of 08 may have been a precursor or the event itself we just don't know it yet. I still think we will see something happen in September of this year in terms of another financial crisis.
I do feel though that we are more prepared or better situated in case of the inevitable. If we look all around the world we see financial crisis is happening and they seem to be happening more often. From Cyprus to Greece to Venezuela. We are starting to see symptoms and signs all over we the people recognize it but the people on top want to monopolize it.