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RE: Economic Collapse: Will Cryptocurrency Save The Financial System?

in #economy7 years ago (edited)

It is a common situation for businesses to enter financial crises for various reasons. Crises vary in weight and duration depending on the type, some damage less and the longer it takes, the longer it will be, and some will be heavy enough to disrupt basic dynamics. Heavy crises often require painful prescriptions that are reformed and contain structural transformations. Lightweight, heavy, there is no guarantee that measures taken to get out of the crisis will always work. The number of measures that do not work in the economy and the size of the monetary system are greater than those that work.

The ability of a company to emerge from a crisis requires a special package of improvements, routine management methods are not suitable for quitting the crisis, the savings area has been narrowed and the managerial possibilities have decreased. It is necessary to prepare and implement a remediation package that takes into account the company's crisis and the situation of the employer. However, it is not possible for the crisis company to prepare and implement a remediation project due to cash-strapped, creditorial pressure and other problems.

There is a solution that can make it possible if the company in a postponed bankruptcy is able to sustain the supply of goods and credit channels in the current national or global currencies such as the dollar and euro, and to avoid gracefully from some of their debts. Of course these crypto parallels. That is why crypto-currency will continue to gain value.