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Global markets CRUMBLE as worldwide DEPRESSION looms
By ethanh // 2024-08-08
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No matter how many wads of chewed gum the powers the be (TPTB) try to stuff into the gaping holes of their financial Titanic, the ship known as the United States of America is sinking. The temporary rebound being reported on August 6 is simply a momentary reprieve, it would seem, before the bottom falls out completely. We may not know the day nor the hour, but it is coming – and it will take everyone by surprise. One day the markets will be "fine," and the next day they won't. Will the "experts" see it in advance or will it take everyone by surprise? After plummeting by 1,009 points, or 2.5 percent, on August 5, the Dow rose by 294 points, or 0.8 percent, the following day. Both the S&P 500 and the Nasdaq Composite rose by one percent the same day. The Cboe Volatility Index, also known as VIX, hit its highest level in four years on Monday. The last time things were this volatile in the markets was at the start of the Wuhan coronavirus (covid-19) "pandemic." (Related: Just in time for the election season, the world markets are going berserk – will the nation make it to Election Day without a major crisis?)

America's financial Titanic is sinking fast

Talk of recession is increasing, with some pointing to a depression or worse once the cookie crumbles. Nobody really seems to know the full extent of what awaits the nation once the financial Titanic sinks, but we know it's coming. Japan's market losses on Monday were worse even than the 1987 "Black Monday" loss. This foreshock, of sorts, is paving the way for the big one, which the "plunge protection team" (PPT) will be unable to delay, avert or dance around. Ninety-three-year-old Warren Buffett reportedly lost $15 billion during Monday's plunge, this despite selling off about half of his Apple holdings the previous Friday. Like many other billionaires addicted to money, Buffett is stockpiling Federal Reserve Notes (FRN) rather than stocks in anticipation of what is coming. Meanwhile, Joe Biden is bragging on X about how amazing the economy supposedly is. He claimed to have "canceled student debt for nearly 5 million borrowers through various actions," as well as "made the largest increases to the Pell Grant in a decade." Nobody wants to admit that anything is wrong as they instead choose to embrace the fairy tale that all is well. And it would seem that most Americans have bought the lie hook, line and sinker. The money masters are screaming for the Federal Reserve to slash interest rates so they can keep the Wall Street casino open, but doing that will lead to even more inflation, and eventually hyperinflation once the dust settles. There is simply no fixing this corrupt fiat currency system as it enters the final stages of its inevitable demise. The only question is when will the bottom finally fall out for good? "One thing is for certain ... the rich don't stay losing money for long," one commenter wrote about how the whole thing is clearly rigged for the upper crust. "These drops create massive opportunities and windfalls for the wealthy. Make no mistake." "We are already in recession and are on the cusp of something much worse," wrote another. "And yet every economic recession brings government subsidies to the banks and corporate thieves under the 'too big to fail' scheme." "The 90% have seen their wages and wealth redistributed to the Bezos types and it will only happen again." The latest news about the upcoming election and the threat of a global financial meltdown to precede it can be found at Collapse.news. Sources for this article include: DailyMail.co.uk CNN.com NaturalNews.com
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