Thread replies: 18
Thread images: 6
Thread images: 6
File: Skyscrapers.png (149KB, 1024x788px) Image search:
[Google]
149KB, 1024x788px
How many of you guys are prepared for the 2019 global financial crisis?
If the trend holds, we will see a very large depression around the completion of Saudi Arabia's Jedda Tower in 2019-2020.
Skyscrapers are bellwethers for the business cycle. The same market forces, brought about by low interest and inflation, cause both economic booms and over-investment in skyscrapers. By the time a record-breaking skyscraper is completed, the bubble is usually ready to pop at any time.
Given that Jeddah Tower is in Saudi-Arabia, this might first affect oil and the petrodollar.
If this is what kills the dollar, we can expect crypto to skyrocket.
>>
can't wait
>>
WE ARE THE CRYPTOMARINES
>>
>>2979168
Well damn - if that infographic is real, not some pretentious meme.
>>
>>2979270
It's real. A lot of the theory was pioneered by the Austrian School, but even mainstream sources like The Economist have started to take notice.
>>
>>2979168
Well it would make sense.
Also from the timing I expect the financial crisis to start in 2018 but might take people to fully notice in 2019.
>>
>>2979168
That is a massive building holy shit
>>
File: 1501570066958.png (363KB, 452x710px) Image search:
[Google]
363KB, 452x710px
>>2979168
Fucking crash already then.
>>
File: 1495496911806.jpg (398KB, 837x673px) Image search:
[Google]
398KB, 837x673px
>>2979489
I agree 2019 is a pretty conservative estimate.
The original estimate for completion was 2017, so in my own opinion it could happen at any time.
>>
When China starts buying oil from Saudi Arabia using rmb, then you know its starting. The dollars days are numbered, but don't expect crypto to replace it entirely
>>
This is a good read on Real Estate and the Business Cycles.
http://www.foldvary.net/works/rebc.html
>>
>>2979745
I've seen you or somebody linking this elsewhere and all I'll say is I believe Georgists put the cart before the horse. In the Austrian theory, low interest and inflation cause land bubbles because
>land investments have a higher rate of return when compared with artificially low interest, so land becomes an artificially desirable investment
>land holds its value better than inflationary currency, so it becomes more desirable, almost like a medium of exchange
So you could almost say Austrian theory subsumes Georgist business cycle theory in this regard.
>>
File: Jedha_and_the_Death_Star[1].jpg (57KB, 2048x858px) Image search:
[Google]
![Jedha_and_the_Death_Star[1].jpg](https://i.imgur.com/5HAFfv8.jpg "Jedha and the Death Star[1]")
57KB, 2048x858px
>>2979168
>Jeddah
Dis gunna be gud.
>>
>>2979634
this. there is literally one guy on biz who gets it.
>>
>>2979168
IMHO it's going to happen this September/November. Even presenters on Bloomberg imply there's a correction coming.
How do you profit from the collapse? Buy seeds?
>>
>>2981483
This. I know a financial shitfest is coming, but I don't know how to profit from it.
>>
>>2981510
One could buy crypto betting on it going to the moon and beyond but gov't usually finds a way to screw the public like when they confiscated gold.
I think crypto will be fucked at ISP level, it's vulnerable.
>>
>>2981510
Buy inverse ETF? That's assuming the banks won't go bankrupt [spoiler]they won't, and will never be allowed to go bankrupt[/spoiler]
Thread posts: 18
Thread images: 6
Thread images: 6