The Stock Markets Of The 10 Largest Global Economies Are All Crashing
Michael Snyder is the publisher of , The American Dream Blog and The Truth
You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far the mainstream media in the United States is treating it like it isn’t really a big deal. Over the last sixty days, we have witnessed the most significant global stock market decline since the fall of 2008, and yet most people still seem to think that this is just a temporary “bump in the road” and that the bull market will soon resume. Hopefully they are right. When the Dow Jones Industrial Average plummeted 777 points on September 29th, 2008 everyone freaked out and rightly so. But a stock market crash doesn’t have to be limited to a single day. Since the peak of the market earlier this year, the Dow is down almost three times as much as that 777 point crash back in 2008. Over the last sixty days, we have seen the 8th largest single day stock market crash in U.S. history on a point basis and the 10th largest single day stock market crash in U.S. history on a point basis. You would think that this would be enough to wake people up, but most Americans still don’t seem very alarmed. And of course what has happened to U.S. stocks so far is quite mild compared to what has been going on in the rest of the world.
Right now, stock market wealth is being wiped out all over the planet, and none of the largest global economies have been exempt from this. The following is a summary of what we have seen in recent days…
#1 The United States – The Dow Jones Industrial Average is down more than 2000 points since the peak of the market. Last month we saw stocks decline by more than 500 points on consecutive trading days for the first time ever, and there has not been this much turmoil in U.S. markets since the fall of 2008.
#2 China – The Shanghai Composite Index has plummeted nearly 40 percent since hitting a peak earlier this year. The Chinese economy is steadily slowing down, and we just learned that China’s manufacturing index has hit a 78 month low.
#3 Japan – The Nikkei has experienced extremely violent moves recently, and it is now down more than 3000 points from the peak that was hit earlier in 2015. The Japanese economy and the Japanese financial system are both basket cases at this point, and it isn’t going to take much to push Japan into a full-blown financial collapse.
#4 Germany – Almost one-fourth of the value of German stocks has already been wiped out, and this crash threatens to get much worse. The Volkswagen emissions scandal is making headlines all over the globe, and don’t forget to watch for massive trouble at Germany’s biggest bank.
#5 The United Kingdom – British stocks are down about 16 percent from the peak of the market, and the UK economy is definitely on shaky ground.
#6 France – French stocks have declined nearly 18 percent, and it has become exceedingly apparent that France is on the exact same path that Greece has already gone down.
#7 Brazil – Brazil is the epicenter of the South American financial crisis of 2015. Stocks in Brazil have plunged more than 12,000 points since the peak, and the nation has already officially entered a new recession.
#8 Italy – Watch Italy. Italian stocks are already down 15 percent, and look for the Italian economy to make very big headlines in the months ahead.
#9 India – Stocks in India have now dropped close to 4000 points, and analysts are deeply concerned about this major exporting nation as global trade continues to contract.
#10 Russia – Even though the price of oil has crashed, Russia is actually doing better than almost everyone else on this list. Russian stocks have fallen by about 10 percent so far, and if the price of oil stays this low the Russian financial system will continue to suffer.
What we are witnessing now is the continuation of a cycle of financial downturns that has happened every seven years. The following is a summary of how this cycle has played out over the past 50 years…
- It started in 1966 with a 20 percent stock market crash.
- Seven years later, the market lost another 45 percent (1973-74).
- Seven years later was the beginning of the “hard recession” (1980).
- Seven years later was the Black Monday crash of 1987.
- Seven years later was the bond market crash of 1994.
- Seven years later was 9/11 and the 2001 tech bubble collapse.
- Seven years later was the 2008 global financial collapse.
- 2015: What’s next?
A lot of people were expecting something “big” to happen on September 14th and were disappointed when nothing happened.
But the truth is that it has never been about looking at any one particular day. Over the past sixty days we have seen absolutely extraordinary things happen all over the planet, and yet some people are not even paying attention because they did not meet their preconceived notions of how events should play out.
And this is just the beginning. We haven’t even gotten to the great derivatives crisis that is coming yet. All of these things are going to take time to fully unfold.
A lot of people that write about “economic collapse” talk about it like it will be some type of “event” that will happen on a day or a week and then we will recover.
Well, that is not what it is going to be like.
You need to be ready to endure a very, very long crisis. The suffering that is coming to this nation is beyond what most of us could even imagine.
Even now we are seeing early signs of it. For instance, the mayor of Los Angeles says that the growth of homelessness in his city has gotten so bad that it is now “an emergency”…
On Tuesday, Los Angeles officials announced the city’s homelessness problem has become an emergency, and proposed allotting $100 million to help shelter the city’s massive and growing indigent population.
LA Mayor Eric Garcetti also issued a directive on Monday evening for the city to free up $13 million to help house the estimated 26,000 people who are living on the city’s streets.
According to the Los Angeles Homeless Services Authority, the number of encampments and people living in vehicles has increased by 85% over the last two years alone.
And in recent years we have seen poverty absolutely explode all over the nation. The “bread lines” of the Great Depression have been replaced with EBT cards, and there is a possibility that a government shutdown in October could “suspend or delay food stamp payments”…
A government shutdown Oct. 1 could immediately suspend or delay food stamp payments to some of the 46 million Americans who receive the food aid.
The Agriculture Department said Tuesday that it will stop providing benefits at the beginning of October if Congress does not pass legislation to keep government agencies open.
“If Congress does not act to avert a lapse in appropriations, then USDA will not have the funding necessary for SNAP benefits in October and will be forced to stop providing benefits within the first several days of October,” said Catherine Cochran, a spokeswoman for USDA. “Once that occurs, families won’t be able to use these benefits at grocery stores to buy the food their families need.”
In the U.S. alone, there are tens of millions of people that could not survive without the help of the federal government, and more people are falling out of the middle class every single day.
Our economy is already falling apart all around us, and now another great financial crisis has begun.
When will the “nothing is happening” crowd finally wake up?
Hopefully it will be before they are sitting out on the street begging for spare change to feed their family.
Read More: The Economic Collapse Blog Reprinted & Distributed With Permission
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U.S. Punishes Germany For Supporting Russian Intervention In Syria
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U.S. Punishes Germany For Supporting Russian Intervention In Syria
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Are Germany And France Leaving The Anti-Russian Anglo-American Axis For Good?
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THE MILLENNIUM REPORT
TMR Editor’s Note
The recent revelations about Volkswagen’s emissions scandal and Germany’s decision to support Russia’s involvement in Syria are not coincidental. Given the NSA and CIA penetration of German industry, there is virtually no corporate secret they are not aware of. This is, after all, the very purpose of the USA’s continued occupation of the German Republic for 60 years after the end of World War II.
The extraordinary hypocrisy in this prosecution is that this alleged scandal is being prosecuted by the so-called Environmental Protection Agency. Because the auto emissions are said to be in violation of the Clean Air Act, the EPA has enforcement authority. This is the very same EPA that requires Coal Fly Ash to be removed from coal-fired power plants, but then permits the chemtrailing of American skies with vast amounts of the same Coal Fly Ash that is used in the manufacturing of chemtrail aerosols. This is the same EPA that ruled Coal Fly Ash is no longer a hazardous waste product because of its known use in chemical geoengineering by the U.S Government.
U.S. Government Spraying Tons Of Toxic Coal Fly Ash Into Atmosphere...
The U.S. establishment fears a German-Russian collaboration more than anything else on Earth. Such an alliance poses the only credible threat to the sole superpower status of the USA. It would also deeply divide Europe and severely weaken the Anglo-American Axiswhich was surreptitiously formed as a countervailing force to Russian ascendancy.
STRATFOR Chief Reveals Zio-Anglo-American Plot For World Domination
Part II of this political prosecution is now drawing in BMW. The U.S. knows that the best way to take down the German economy and keep the German people subjugated is to destroy their prized automobile industry. Volkswagen ‘Dieselgate’ Fallout: Germany Tests Cars; Report Sends B...
Exactly what and who is in the Anglo-American Axis? As follow:
The relevant news report about Germany and France breaking ranks with the USA in Syria follows.
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SYRIA: GERMANY LEAVING THE RANKS OF THE US ALLIANCE AGAINST RUSSIA
Southfront.org
In a surprise move Germany left the anti-Putin-alliance formed by the USA. Germany is now officially welcoming Moscow’s readiness to act in Syria and is starting an initiative together with the Russians and the French to bring an end to the war. This is to stop the constant stream of refugees. Germany has ordered thousands of soldiers into readiness.
This article originally appeared at DWN, translated by Frank Jakob exclusively for SouthFront
Germany surprisingly left the alliance formed with the United States which intended to block Russia’s entry into the Syrian conflict.
Minister of Defence Ursula von der Leyen told Der Spiegel that she welcomed president Putin’s intentions of joining the fight against the extremist organization “Islamic State” (IS). It would be a matter of mutual interests, she said.
A speaker of the Ministry of Foreign Affairs added that Germany would welcome additional efforts of Russia in the fight against IS. Foreign Minister Frank-Walter Steinmeier even announced the starting of a joint venture between him, Russian foreign minister Lavrov and their French colleague Laurent Fabius with the aim of bringing the Syrian civil war to an end. Lavrov and Fabius are expected to arrive in Berlin this Saturday.
Russian Foreign Minister Sergey Lavrov called upon the US-Ministry of Defense to coordinate their efforts with the Russian military. Because both sides are actively invested in Syria, it would be of paramount importance for the U.S. to reinstate the previously ceased operational cooperation with Russia, said Lavrov on Friday in Moscow. This was intended to avoid “unintentional incidents”. Russia’s military drills in the Mediterranean would be in accordance with international law. Lavrov explained further that Russia would keep delivering weapons to the troops of Syrian president Bashar al-Assad to support their struggle against the extremist organization Islamic State.
Russia already began a diplomatic offensive weeks ago. The Americans did not precisely indicate whether they would support the Russian initiative. Under no circumstances would the U.S. give Russia credit for solving the deadlocked situation should Russia in fact be successful. Therefore, the US government warned of a worsening in the refugee crisis should Russia intervene.
Especially the neocons are issuing warnings of any cooperation with Russia in whatever matter. U.S. President Obama did not clearly state whether the Russian initiative was done in coordination with the White House. Foreign Minister John Kerry went on a surprise visit to Russia in spring which has remained without results regarding the Syrian matter. It is likely that the US government changed their mind in the face of the worsening of the refugee crisis so that they are now willing to cooperate with Russia in the Middle East.
German Frank-Walther Steinmeier has long been trying to reconcile the concerned parties behind the scenes and is therefore constantly in touch with his Russian colleague Lavrov. It looks like he is the only one in the German government who realizes that the refugee crisis will get completely out of control if the war in the Middle East continues. Austria and Spain signaled days ago that a Russian participation in the battle against IS was crucial. Russia began expanding its military activities in Syria.
German Minister of Defence Ursula von der Leyen wants to expand the deployment of the Bundeswehr in Iraq. The Bundeswehr would be ready to continue its successful work in the Kurdish regions in cooperation with the Iraqi government, she told Der Spiegel on Saturday. First steps have already been undertaken. Germany delivered medical supplies, helmets and hazard-protections masks. Up to 100 Bundeswehr soldiers are training Kurdish Peshmerga fighters in northern Iraq. Weapons were also delivered.
Von der Leyen also ordered thousands of German soldiers into readiness in the wake of the refugee crisis. Whether this was done because of the refugees or hints of terror threats is still unknown. The order was given to the troops a day before, said a speaker of the ministry on Friday in response to a report by Der Spiegel. Up to 4000 soldiers are under constant readiness to be deployed. Hundreds of soldiers were deployed to help accommodate newly-arrived refugees last weekend. The solders are financially compensated for their services under this deployment order.
Translators comment:
It has been reported that Russian Foreign Minister Sergey Lavrov called into question the effectiveness of the US-led coalition against Islamic State (IS). According to PNP magazine he stated, that concerned colleagues from within the US-led coalition turned to him. They informed him that the US military did not give clearances to their fighter pilots even though they clearly located and identified Islamic State positions.
*The Millennium Report has further edited the translation originally posted at Stormfront.org.
http://southfront.org/syria-germany-leaving-the-ranks-of-the-us-all...
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