TRIBUTE TO A PRESIDENT
TRIBUTE TO A
Wednesday, June 22, 2016
The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies
The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies
By Michael Snyder, on June 16th, 2016
Over the past 12 months, stock market investors around the planet have lost trillions of dollars. Since this time last June, stocks have crashed in 6 of the world’s 8 largest economies, and stocks in the other two are down as well. The charts that you are about to see are absolutely stunning, and they are clear evidence that a new global financial crisis has already begun. Of course it is true that we are still in the early chapters of this new crisis and that there is much, much more damage to be done, but let us not minimize the carnage that we have already witnessed.
In general, there have been three major waves of financial panic over the past 12 months. Late last August we saw the biggest financial shaking since the financial crisis of 2008, then in January and February there was an even bigger shaking, and now a third “wave” has begun in June. Not all areas around the globe have been affected equally by each wave, but without a doubt this new financial crisis is a global phenomenon.
The charts that I am about to show you come from Trading Economics. It is an absolutely indispensable website that is packed full of useful data, and I encourage everyone to check it out.
Let’s talk about China first. The Chinese economy is the second largest on the entire planet, and since this time last year Chinese stocks are down an astounding 40 percent…
As things have started to unravel in China, the Chinese have been selling off U.S. debt and U.S. stocks like crazy. The following comes from Bloomberg…
For the past year, Chinese selling of Treasuries has vexed investors and served as a gauge of the health of the world’s second-largest economy.
The People’s Bank of China, owner of the world’s biggest foreign-exchange reserves, burnt through 20 percent of its war chest since 2014, dumping about $250 billion of U.S. government debt and using the funds to support the yuan and stem capital outflows.
While China’s sales of Treasuries have slowed, its holdings of U.S. equities are now showing steep declines.
Unfortunately for China, their economy just continues to slow down, and George Soros is so alarmed by this and a potential “Brexit” that he has been selling off stocks and buying enormous amounts of gold in anticipation of an even bigger global downturn.
Japan has the third largest economy in the world, and over the past year Japanese stocks are down a total of 26 percent from the peak…
Personally, I have been extremely alarmed by what has been happening in Japan lately. Japanese stocks were down almost 500 points last night, and overall the Nikkei is down a whopping 1,800 points so far in June.
Of course the Japanese economy as a whole is essentially a basket case at this point. For a detailed analysis of this, please see my previous article entitled “Watch Japan – For All Is Not Well In The Land Of The Rising Sun“.
Germany has the fourth largest economy in the world, and over the past year their stocks have fallen 19 percent from the peak of the market…
The key thing to watch for in Germany are serious troubles at their biggest bank. I wrote a long article about the slow-motion implosion of Deutsche Bank last month, and just this week Deutsche Bank stock hit an all-time low.
The fifth largest economy on the planet belongs to the United Kingdom, and since last June their stocks have fallen about 13 percent…
One week from today, the “Brexit” vote will be held in the UK, and if they vote to leave the EU that could have very serious economic and financial implications for them and for the rest of Europe as well. For an in-depth look at this, please see my previous article entitled “June 23, 2016: The Brexit Vote Could Change EVERYTHING And Plunge Europe Into Financial Chaos“.
France has the sixth largest economy in the world, and over the past year French stocks are down 20 percent from the peak of the market…
The French economy is really struggling these days, and we have not heard much about it in the U.S. media, but there have been tremendous riots in major cities in France in recent weeks.
The seventh largest economy on our planet belongs to India. Even though India is facing some very serious economic problems, their stocks are doing okay for the moment. Even though stocks in India are down over the past 12 months, we have not seen a major financial crisis over there just yet.
But there is definitely a major crisis in the eighth largest economy in the world. Italian stocks are down a staggering 32 percent from the peak of the market. That means approximately a third of all stock market wealth in Italy is already gone…
Earlier this year, I wrote about the horrifying collapse of the Italian banking system that has greatly accelerated since the start of 2016. It looks like virtually all of their big banks will ultimately need to be bailed out, and this threatens to become a far bigger crisis than the crisis in Greece ever was.
And let us not leave off the ninth largest economy in the world. Not too long ago, CNN ran an article entitled “Brazil: Economic collapse worse than feared“. So not only are they admitting that the ninth largest economy on the globe is collapsing, they are also admitting that it is even worse than what the experts had anticipated.
So did I leave anyone off the list?
Ah yes, I haven’t even addressed what has been going on in the United States yet.
U.S. stocks did crash last August, but then they recovered.
Then they crashed again in January, but then they recovered again.
Now U.S. stocks have been taking another tumble here in June, but we are being assured that there is nothing to worry about.
Meanwhile, the underlying numbers for the U.S. economy just continue to get worse and worse and worse. If you have any doubt about this, please see the article that I posted yesterday entitled “15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn’t Want You To See“.
Hopefully this article will clear a lot of things up. In this piece, I have presented undeniable evidence that a new global financial crisis has begun over the past 12 months. We have not seen global stock declines of this nature since the great financial crisis of 2008, but much worse is still to come.
I would love to be wrong about that last part.
It would be wonderful if the worst was now behind us and good times for the global financial system were ahead.
Unfortunately, every single indicator that I am watching is telling me just the opposite.
2015 President - EN from Roberto Petitpas on Vimeo.
2015 President - PT from Roberto Petitpas on Vimeo.
VS + VP ENG-RO PT FR
21st Century Wire A BRAMERTON A. Orlov Abayomi Azikiwe ABIZAID ABOGADOS ABOGADOS PROGRESISTAS DE ESPAÑA Acción secreta activism Adam GArrie Ajamu Baraka AL-ASSAD AL-HUSAINI Aleksandar PAVIC alex gorka Alex Lantier Alexander Azadgan ALEXANDER DUGIN ALEXANDER KUZNETSOV Alexandra Bruce Alexandre Artamonov Alexandre Cazes ALEXIS Ambrose Evans-Pritchard an Greenhalgh Ana de Sousa Dias ANA SOUSA DIAS ANASTASOV Anatol Lieven Andre Vltchek ANDREI AKULOV Andrew Griffin Andrew Korybko Andrew P. Napolitano Andrey Afanasyev animals Ann Diener Ann Wright Anna Hunt Anna Von Reitz Anne Speckhard Ph. D. Anne Speckhard PH. D Anti-Media News Desk Antony C. Black aRABIC ARAM MIRZAEI Ariel Noyola Rodríguez Asaf Durakovic Asma Assad ASMOLOV ASSANGE Avelino Rodrigues AVNERY BAKER bankers BAOFU barcelona Barrett Brown Bashar al-Assad Baxter Dmitry BECKER Before it's News BEGLEY BERGER BILL SARDI Binoy Kampmark BOGDANOV Brazilian BRENNAN BRIAN CLOUGHLEY BULGARIAN BUTLER By Jack Heart & Orage CABRAS Captagon Carey Wedler CAROL ADL CARTALUCCI Catherine Austin Fitts CATHY O'BRIEN cats Chelsea Manning Choice and Truth Chossudovsky Chris Cole CHRIS HEDGES Christopher Black CIA Claire Bernish clinton Collective Evolution Comunidad Saker Latinoamérica COOK Covert Action Craig McKee CUNNINGHAM CURENT CONCERNS CURRENT CONCERNS Daniel Lazare Daniel McCARTHY Daniele Ganser DANSK Darius Shahtahmasebi DARK JOURNALIST DARK JOURNALISTt DAVID HOROVITZ David Lemire David STERN David Swanson DEAN Deena Stryker Denali Deutsch DINNUCI DIPLOMACY Dmisa Malaroat DMITRIY SEDOV Dmitry Minin Domenico Losurdo Donald Trump doni DONINEWS Dr. Kevin Barrett DUFF DUGIN EDITOR'S CHOICE EDWARD SNOWDEN El Periodico Eliason ELISABETE LUIS FIALHO Eliseo Bertolasi EMMONS endgahl ENGDAHL Eric S. Margolis Eric Zuesse ESCOBAR EUROPE Evan at Fight for the Future F. William Engdahl FANG Farage farewell address FEDERICO PIERACCINI FERRIS Field McConnell finance Finian Cunningham FORBIDDEN KNOWLEDGE TV forbidden nowledge Foster Gamble four horsemen Fr. Andrew Phillips FRANCESCA CHAMBERS Francesco Colafemmina Freeman FRENCH FRISK FULFORD Fuller G20 G20 SUMMIT GALLAGHER Gareth Porter GARY NORTH General Flynn George Gallanis GERMAN GERMANOS Gilad Atzmon Gilbert Doctorow Glenn Greenwald GLOBAL RESEARCH global warming GORDON GORDON DUFF Graham E. Fuller Graham Vanbergen GREENHALGH GREENWALD Greg Hunter Gregory Copley GRETE MAUTNER GUEST CONTRIBUTORS GUNNAR GUTERRES HAGOPIAN Hakan Karakurt Herbert McMaster HERMAN HERNÂNI CARVALHO hill HILLARY CLINTON hollywood http://www.independent.co.uk/ http://www.northcrane.com/ http://www.salem-news.com/ http://yournewswire.com/ HUDON HUDSON ideeCondividi INAUGURATION INCÊNDIOS Inform Clear House Internet IODINE Isaac Davis ITULAIN Ivan Blot JALIFE-RAHME JAMES James Comey JAMES CORBETT JAMES GEORGE JATRAS James ONeil JAMES PETRAS Jane Grey Jay Greenberg Jean Perier Jean Périer Jean-Claude Paye JEFFREY SMITH JEZEBEL JILL STEIN Jim W. Dean Joachim Hagopian john McCain JOHN PILGER John Podesta John W. Whitehead JONAS E. ALEXIS Jonathan Marshall JONES Joseph Thomas JULIAN ASSANGE KADI Kadir A. Mohmand Kadyrov kalee brown Karen Kwiatkowski Karine Bechet-Golovko KATEHON KATHEON Katherine Frisk Ken O’Keefe Kenneth P. VOGEL KERRY BOLTON Kerry Cassidy Kerry Picket Kevin Barret. VT Kim Petersen KIMBERLEY KINZER KIRYANOV KOENIG Konstantin Asmolov KORYBKO KORZUN Krum Velkov Larry Chin Laurent Gerra lavr LAVROV LE PARISIEN Le Saker Francophone LENDMAN Lionel Shriver LOFGREN LVOV MACMILLAN macron Makia Freeman Manlio Dinucci Manlio Dinucci - Manuel Ochsenreiter Marco Cassiano MARCUS WEISGERBER MARGARET KIMBERLEY MARIA ZAKHAROVA Mark Citadel Mark Taliano Markus Frohnmaier Martin Berger Martin Hurkes MARUSEK Matt Agorist Matt Peppe MATTEO rRENZI MATTHEW COLE MATTHEW JAMISON MCLAUGHLIN MÉLENCHON MELKULANGARA BHADRAKUMAR MERCOURIS MEYSSAN MICHAEL AVERKO Michael Brenner Michael Hudson MICHAEL JABARA CARLEY Michael S. Rozeff Michael T. Klare Middle East MIG video mike harris Mike Whitney MINA Mint Press News MintPressNews MIRANDA Misión Verdad MKULTRA Mohamed Mokhtar Qandiel MOHMAND Montenegro MOON OF ALABAMA moonofalabama MOST DAMAGING WIKILEAKS NATO NEO NEWS DESK Nicholas Nicholaides Nick Turse NIKANDROV Nile Bowie NISSANI NORMAN SOLOMON NOVOROSSIA novorussia NYTIMES obama obamas Oliver Stone Olivier Renault ONU ORLOV OSCAR FORTIN PALESTINE PARRY Patrick Iber Patrick J. Buchanan Patrick Martin PAUL CRAIG ROBERTS Paul Fitzgerald Paul R. PILLAR Paul Street PAYE PCR Pedro Bustamante pedrógão grande PEPE ESCOBAR Peter Dale Scot Peter Dale Scott Peter Koenig PETER KORZUN PETRAS Ph.D Phil Butler PICCARD Pierre Farge PILGER PISKORSKI PODESTA Pope Francis PORTUGUESE PRAVDA prc PRESTON JAMES Prof Michel Chossudovsky Prof Rodrigue Tremblay Project Veritas PUTIN PUTIN/TRUMP Putin/Trump meeting PYOTR ISKENDEROV Queen Elizabeth Rajan Menon Raphaël Meyssan rebecca gordon Redmayne-Titley RELAX réseau Réseau International Réseau Voltaire Réseau Voltaire: Revue Défense Nationale Ricardo Vaz RICHARD DOLAN Richard Galustian Richard Labévière Richard Spencer Rick Sterling Rob Urie Robert Bridge Robert F. Kennedy Jr Robert J. Burrowes Robert J. O’Dowd Robert O’Dowd ROBERT PARRY robert steele ROBERTS rof. Mohssen Massarrat ROLAND Roland San Juan blog ROMANIA PROTESTS ROMANIAN Ron Aledo RON PAUL Ron Paul Institute RT Rudolph Giuliani RUDY GIULIANI Russia feed RUSSIA TODAY RUSSIAN Russian Insider Russie politics Russka RUSSOPHILE Ryan Dawson Ryan Gallagher Salman Rafi Sheikh sana sanders SANTOS SILVA Sarah Abed SCAHILL SCOTT Scott Humor Sean Adl-Tabatabai SERGEY LAVROV sessions Seth Ferris SETH RICH SHAKDAM Shawn Hamilton SHEIKH sic notícias SIMON PARKES Smith & Wesson SNOWDEN SNYDER Sophie & Co Soros SOUTH FRONT SOUTHFRONT SPANISH speech GERMAN MP Speer-Williams Sputinik sPUTNICK SPUTNIK STACHNIO State of the Nation STEPHEN KARGANOVIC Stephen Kinzer Stephen Lendman Steve Pieczenik STEVE PIECZENIK: Steven MacMillan STONE STORM CLOUDS GATHERING StormCloudsGathering.com Strategic Culture STRATTON STRYKER Sunagawa Syria TAKEHON TALIANO TASS TEREHOV The Anti-Media The Duran THE INTERCEPT THE SAKER the true activist THERAPEOFJUSTICE Thierry Meyssan Third Presidential Debate Tillerson tom dispatch TOM ELEY Tom Engelhardt Tom Feeley TOM JOAD TomDispatch TOMGRAM Tony Cartalucci True Activist TrueActivist.com trump TSUKANOVA TTIP TURKEY TYLER DURDEN Udo Ulfkotte Ukrainian Deserter USA ELECTION USA ELECTIONS Valentin Vasilescu Van AUKEN Vanessa Beeley VASILESCU Vault 7 Veteran Intelligence Professionals for Sanity VETERANS TODAY VETERNAS TODAY Victory Day video videos VIETNAM VETERANS Viktor Mikhin VITALY CHURKIN Vladimir Chizhov Vladimir Safronkov Vladimir Terehov VLTCHEK VT Waking Times WANTA Washingtons blog WAYNE MADSEN WESTBERG Westmoreland WHITEHEAD Whitney Webb WIKILEAKS Wikispooks William Blum WOODS world cup 2018 Xi Jinping Yameen Khan Yanis Varoufakis YEMEN Youssef A. Khaddour ZAKHAROVA ZÉ GERALDO ZEROHEDGE ZUESSE