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Our economy is built on a requirement for perpetual growth and because no one wants to find out what happens when the growth stops, we’ve just kept piling on debt to keep the growth going. In practice this has lead to a constant cycle of extreme growth and crippling depression.
Market crashes are a symptom of a system where growth isn’t just pleasant, it’s a necessity. With capitalist forces at play, humans will do just about anything to grow just a little more and this quickly becomes unsustainable, financed by ever growing amounts of debt.
There are many reasons for crashes, but fundamentally they are a result of too much debt and central banks having the ability to create an essentially unlimited money supply for banks, which in turn leads them to provide people and organizations with more debt.
When there is a long period of prosperity and growth, people and organizations take on more debt, because they overestimate their future ability to pay the loan back. Unfortunately the period of growth usually comes to an end and everyone still has all that debt to pay off.
When a crash happens, it’s usually sudden & devastating, but painfully obvious in hindsight. In the last 20 years we’ve lived through the Dotcom bubble (burst in the early 2000s) and the 2008 financial crisis, which's considered to be the worst crisis since the Great Depression!
Currently our banks operate by engaging in fractional reserve banking, essentially allowing them to give many times more money out in loans than they have in deposits. If they are too big to fail & know they will be bailed out by the Gov., they can do this with little to no risk.
It’s highly likely that the economy will crash again very soon. Historically, we’ve had crashes every 10 years or so and it’s now been 9 years since the last one. It's not a matter of "if" but "when" it'll crash. The historical evidence should act as a warning 
to everyone!
to everyone!
Whenever the crash does occur, this one will be very interesting indeed. Due to cryptocurrencies, for the first time in history, anyone, not just the supremely privileged, can escape the traditional financial and regulatory system.
Previously investors have sold off all their assets, tried to hedge against the crash with assets like gold that supposedly correlate negatively with market downturns or held and braced for a few years of misery.
The select few who had seen previous economy crashes coming and had the resources to protect themselves, made a lot of money. The vast majority, though, lost a lot.
Bitcoin & crypto is not only a way of economic salvation, it's a way to make insane amounts of money
next crash
Bitcoin & crypto is not only a way of economic salvation, it's a way to make insane amounts of money
next crash
Over the past generation, Americans have spent money on themselves without paying their own way through taxation, a situation that has been exacerbated by years of too-easy access to credit & overspending on both a household & governmental level!
*Bitcoin can solve this problem*
*Bitcoin can solve this problem*
"Booms fueled by money printing usually fuel economic mirages and lead to investments that wouldn’t have been made otherwise, like subprime or http://dot.com ." https://www.theepochtimes.com/the-fed-dilemma_2751906.html
