Bitcoin Will Be Ready When The Next Credit Crisis Hits - Get Some
Take a look at this video for a glimpse at what's in store when the next credit crisis hits. This credit cycle started in the 1970's when Paul Volker put interbank inerest rate up to 21% to reign in inflation. Since then interest rate have dropped until it is at zero and trending negative. Many countries of the developed world already have negative interest rates. This is because central banks have not allowed the system to correct itself. Negative interest rates are unnatural and sends the wrong signals to the market. The time will come when it will correct. We have to be prepared. Look at German bond rates at the last bond auction 18 November 2015 Two year and five year bonds have negative yields. This means that investors are expecting that rates in the next five years will go negative further. That is if the politicians will let this state of affairs continue. What happens if central banks decides that enough is enough and allow bond markets to correct ? Look at this next g...