This article was written by Michael Snyder and originally published at his Economic Collapse blog.
Editor’s Comment: The destruction of wealth is upon us. It could mean a devastating reset for billions of people around the globe, and harsh, austere conditions that involve political upheaval, civil unrest, loss of jobs and productivity and a bitter ‘setting in’ of the new era of dependency and decline.
The global markets are finding it harder and harder to disguise and excuse away the crumbling and collapsing that is happening all around them. Investors are being eaten alive. Destruction ahead?
The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies
by Michael Snyder
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.
*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.
Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream.
If you want to know what is coming and what you can do to prepare, read his latest book [amazon text=Get Prepared Now!: Why A Great Crisis Is Coming & How You Can Survive It&asin=150522599X].
Ok we have heard this before.
It’s not that I don’t think is going to happen, but Snyder has said this several times. Why is 2016 any different that 2010 to 2016?
The problem is that these criminal bankers and their government co-conspirators can pull the plug whenever they want. They can drag this out for a bit. They can get a few more people dependent upon the system, work to disarm the people, and accomplish a few of their other goals prior to collapsing the system. We understand this is going to happen. I prefer the periodic reminder as it helps me maintain my focus in life. I know what is important. I am no longer care how many debt notes I have as long as I can take of my necessities and protect those I care.
Yeah the Markets only around 18,000 up today down tomorrow, up the next day. But atleast those people that took their money out of their 401k three years ago and paid the penalty won’t have to worry when the market crashes. Ever get tired of hearing the line “It’s not a matter of (if) but it’s a matter of (when)”. Thats the case with about anything in life. Trekker Out. Semper Paratus.
where you once in the Coast Guard? Semper Paratus is their motto and is one I live by.
Actually I was a TinCan Sailor.
On the other hand, those people who have their 401(k) funds parked in money market accounts will have a once-in-a-lifetime opportunity to buy stocks at drastic fire sale prices if the doom and gloom crash materializes.
video AT CHRIAS HEDGES’ WEBSITE–
Capitalism Will Collapse Because Elites ‘Allow Poor to Rot,’ Tariq Ali Tells Chris Hedges (Video)
Posted on Jun 14, 2016
By Chris Hedges
“The elites who have run the United States and Western Europe have proven incapable of offering even the smallest palliatives to their populations,” says Tariq Ali, a British-Pakistani radical intellectual, in an interview with Truthdig columnist Chris Hedges on RT America. “They have allowed the poor to rot—regardless of skin color—and grow. … And so what we have is a protest against this center elite, which I call the extreme center, because whether it’s social democratic or conservative, they unite to crush.”
A trillion here, a trillion there, and pretty soon you are talking real money.
What are we supposed to do about this? I’m so not caring.
It is hard to predict inevitability. But if they can defy the laws of economics, it will be the first time in history. I liken it to watching your own train derail in front of you. High in the caboose, counting down the cars. 3,2,1 Here we go. Don’t get mesmerized, you should have jumped.
It is tiring to keep hearing the tirades and I feel it too Sarge but we must continue the great awakening of who and how to possibly prevent a when. I just don’t know the “why” of all of this. Is greed that powerful?
I watch the war on and the manipulation of the gold price for the clue to when. When the flow of gold from west to east dries up, the jigs up. They got Ghadafi’s gold, Husseins gold, the Ukraines gold and sent it east to stay confidence in the dollar. They need another source soon because there is a great sucking sound at the Comex and LBMA these days. Treasuries are coming home to roost and the biggies are going physical. Relic hunting they are, while the laws are stayed.
Anybody who Gambles in the Rigged Wall Street Casino deserves to be fleeced. Remember the BS scam promise years ago, that if you got into a 401K you would retire Rich? Now people are suck in these 401K’s and cant take their money off the table and are forced to let it ride. Taking it off the Table the House aka: GOV gets 10-15% off the Top in Taxes. Meanwhile the Pro’s get in and out daily taking your loot, as the masses blindly pile more cash on the casino table monthly.
If you can’t hold it in your hand, its not really yours.
~WWTI… Invest in Solar, it pays me back every day. In fact so good, I am adding more Batteries to store all this free energy it produces.
you will KEEP hearing it, too…..because he’s RIGHT, you know. i got to wonder why anyone questions mike snyder’s advice, when the evidence is SO compelling….with links to back up his thesis….i just don’t get it…….it was CERTAIN to happen when all the banks loaned 30 times what they were worth back in 03 to 08….it’s coming, and you SHOULD be THANKING him, instead of berating him…..just my 2 sense.
NO, He’s NOT, and he hasn’t been for quite awhile. As a matter of fact, he cherry-picked certain ranges on those charts. You could zoom in to see (the full range is on the bottom…) but clicking on them instead takes you to Snyders amazon page and tries to sell you his books (lol!)
By the way… still awaiting your last prediction of economic collapse to come true. Since that time when the Shanghai market corrected its bubble in January, it has been a consistent 2600-2700. Six months. NO change.
Its halfway through the year,
yup, marcus, you seem to be quite the naysayer here. it’s been half a year, and my timeline was a year. i see nothing but bad news, and the WORST news i have heard in a looong while came to me saturday at a BBQ with my 4×4 club friends. one manages a landfill, and he says he normally runs 400 tons, but for a while now it’s been 200……JUST like when the financial crisis happened in 08…if we generate HALF the trash we used to, things are VERY bad in MY book. thank you for keeping track of me, and outing yourself as a troll. i got six months to go on my prediction, and as far as i’m concerned, we are right on track for armageddon, by years end. but the FED’s proclivity to keep the plates spinning is not to be underestimated….i got a little secret for you, marcus. i predicted this in 04…it was chiseled in stone what HAD to happen, back that far. but those sons o bitches are a sneaky bunch, and they aint going down without a fight. they are VERY good at fileting our bank accounts….they are crack addicts….they won’t give up their dream of taking the REST of our money easily!
Interesting how anyone speaking against the Michael Snyder type or even disagreeing with the “party line” gets labeled a naysayer and a troll by your ilk. I got tired of the constant bs and figured, SURE I’ll follow along with the predictions, and even give you a quarterly status report! So far, I’m right, and mostly because I can read past the cherry-picked snippets of info you hang your hat on. So while in January you claimed the sky was falling because you saw a very short, scary graph of the Shanghai composite, the rest of us who can actually read an understand data understood the ashort term bubble in China’s economy and popped and things were right back to normal (2600.) See you in another few months.
And it’s like it’s just Michael Snyder… Paul Craig Roberts & David Stockman certainly have credibility. I can think of a couple dozen other pundits who are in a position to know what’s coming and are sounding the alarm.
Yes, there are several scare mongers, usually they have newsletters or something to sell. And yes, the whole damn thing wears on you. But it’s coming.
i consider michael snyder as a CARE monger…..thanks mike, you’ve had MY ear for many years, and i appreciate the heads-up to give me a chance to PREP like a muhfugguh! i HOPE to hell there’s a LOT more like me here.
I agree with you. If you don’t like the articles don’t read them people. Michael is right. His timing is not perfect but who’s is. He said red alert last year. It slowly started to decay. Now it is picking up.
It is not arguable that most of the worlds stocks are down. Generally then people look to US stocks. It is just a matter of time.
I have been here long enough to know that some of these protesters just don’t like Michael.
Instead of whining don’t read his articles.
I thank him very much for his service to us all.
“Instead of whining don’t read his articles. ”
That’s almost as stupid as “if you don’t vote, you cant complain about the leadership”, and “if you like your healthcare, you can keep it”.
Reading and discussing articles is more than just a positive echo box feel-good group circle jerk.
If someone disagrees, fine I WANT to hear differing viewpoints!
And when it comes to Snyder, frankly his constant “the end is near” blathering all the while trying to sell you a product is OLD and TIRED and for the most part INCORRECT. Its been the same stuff for TEN PLUS YEARS!!
If you don’t want to hear the negative comments, I guess don’t read them..?
There are many like you. I haven’t posted in quite a while, but I’m prepared and waiting just like thousands of others.
thanks to both of you for your support for U.S.!
The Sky is Falling! The Sky is falling, run for your lives…. OK Chicken Little.
When the Market is going down, it only means the Pro’s and big investors are buying, as they never buy Retail.
Then they sell to you and your pension at a nice profit for themselves.
I have watched this for many years.
My observation of events tells me, the “Big Players” are positioning themselves for a Trump presidency, and a STRONG uptick in the market like we have never seen before.
People focus too much on retirement. As Tainter pointed out in Collapse of Complex Societies thirty years ago collapse in just a return to a natural non-complex state. It doesn’t really matter when we go back to the norm of everyone pulling their own weight and families caring for the own elderly as long as we build a nice cushion for necessities, “owe no one anything,” and don’t rely on public utilities we’ll get by. As for the rest diversify into precious metals and agricultural real estate and above all don’t worry.
SNYDER again? HO HUM, I’m going back to sleep.
When the government screws up the economy, they usually start a really big war. The NWO is moving troops and equipment to the Russian border and to the South China Sea. The US (head of the NWO) is accusing the Russians of aggression and the Chinese of having ships in the South China Sea. The nerve of the Chinese to have ships in something called the South China Sea. I must agree that something big and bad is very near. Don’t know the day, but I suspect it is as close as it’s ever been.
Snyder has been writing the same thing over and over since 2008. How does he keep getting published? Geez enough with this guy already.
i’ve been pounding the table since 2004, or before. y’all might want to put yer thinkin’ caps on, and look at WHEN was the last time you saw interest rates at near ZERO, for YEARS? never, that’s when. WHEN have we blown up house prices to triple their REAL value, while not getting a pay raise, like we did since year 2000(the last year for normal house prices)?….and BTW, inflation is KICKIN’ OUR ASSES since 2000, so we make WAY less, after inflation…..when in the HISTORY of man has a gubmint MADE you buy health insurance, at two to three times what it SHOULD cost(actually, if medical care was priced right, we are paying TEN times what it’s worth)?….michael is scary, and he’s RIGHT, and if you are here, you SHOULD be thanking him profusely, not disrespecting him…..why ARE you here, anyway?
I have been prepping since then. Probably for the same reason Michael rights the articles.
If people say blah blah here he goes again well I say ” That is what we all are doing on this site ” Some of us for along time. We do it because we want to wake people up and help people. At least I hope that is why most are here.
Sometimes I wonder by reading comments why some people are here? Are they preppers or not? Do they believe a collapse is coming or not?
Very strange when you think of what some say on here.
@pissin’….how does he get published SO MUCH?…..because he’s RIGHT.
I agree, enough of this guy. He has another rediculous blog where he predicts natural disasters. If he is a Christian, why is he constantly preoccupied with disaster? The $$$ and only the $$$. He never adds to the preparedness community, only points out that something will happen tomorrow, I mean tomorrow, I mean tomorrow, I mean tomorrow, no wait tomorrow, no for sure tomorrow.
“why is he constantly preoccupied with disaster? The $$$ and only the $$$.”
That’s how he makes his money from Doom pr0n.
problem is, he’s only going to be right ONCE, and it will be the end of america….then he won’t need/be able to write any more….y’all sound like my ex-wife…she’s GONE now, and good riddance!
God aint going to save you from this shitstorm…not ALONE, anyway. the lord helps them that helps themselves….it’s in the bible, you know….maybe not in those exact words, but it’s in there.
Actually, this is what the Lord wants you to do:
Trust in the Lord with all thine heart;
and lean not unto thine own understanding.
In all thy ways acknowledge him,
and he shall direct thy paths.
If you are helping yourself than it is not god helping you but you helping you.
I used to say the same thing ’bout Snyder, but now I say the same thing ’bout everything I read. Fear sells when nothing else does. No ones fault really just the way it is. Remember, the clock is always right at least two times a day. We’ll be reading and hearing this up until that fateful evening, night or morning. That’s when we’ll all kick into ‘survival mode’. TAAA DAA!
Lots of things are more likely to bring us down than simple financial or economic problems.
actually, the financial crisis is the ONLY thing that’s CERTAIN to happen.
ponzi schemes are ALL about CONfidence…it got popped back in 08, but the FED regained CONfidence by lowereing interest rates to zero…..now they can NEVER raise rates to normal again, until we DEfault, and that aint going to be pretty….go to the store and see what a can of chilli costs….compare it to two years ago….try a few other items….awww HELL, never mind, arguing with fools is a fool’s errand….should have listened to mark.
To sum it up, nobody is buying your grossly overpriced crap. What’s next, a 20 dollar loaf of nutritionless white bread. Even Goodwill’s prices are jacked up.
The book of revelations makes it pretty clear that the new Babylon .will be totally destroyed in one hour. The elements will burn .uranium, is an element . Peoples eyes and tongues will melt in their mouthes before their bodies hit the ground. Read accounts of Hiroshima .it happened. And no one will know the day or the hour. But you will not be taken like a thief in the night. You will see the signs and have your lamps full.
The old green back ain’t what she use to be. Hyper inflation on the way.
The old green back ain’t what she use to be. Hyper inflation on the way.
Inflation on Froot Loops and Mountain Dew?
Give that inflation some Aderall…
Sigh ok I’m in a weird mood.
The US has to keep the dollar in the game and that means crashing all the other competitor economies. It is brutal but that is what you have to do to stay top dog. As for war, it was always on the books this had to get it on before Obama leaves. It is going to be one hell of a year.
“As for war, it was always on the books”
In the end, regardless how you look sat it, all roads lead there.
TPTB fear a Trump victory. If a person gets into a position where he can make or change tax laws, immigration policy and enforcement of existing laws, ends inheritance tax, capital gains tax, all the hidden taxes, fees, burdensome regulations on business, and if he taxes products instead by 25%; if someone came in and put America First, the globalists won’t be able to implode our economy and the world could loosen the grip of the international octopus.
Fear porn, the alternative for failed Washington lawyers. This guy been saying it’s gonna happen tomorrow for going on a decade.
Captain America, you are actually right about your comment. The thing is, a presidency may not happen this year and Martial law and chi-com soliders, with russians and jihadist rolling into our Neighbourhoods is the end result. Besides, its alreay too late. Trump cant stop whats about to happen.
Molon Labe., mother phuckers.
Get a grip, one more positive comment coming from you about fear porn will get your ass banned on this site by me.. the agency ass clown super moderator. You must really be living in phucking hole..the numbers don’t lie. Go comment on CNN or go jerk off somewhere else homes, …this is not fear porn from Washington, Washington does what it says it will do. and that is to bring in soldiers to kill us, and those phucking Russian, chi-com and that jihadist was a DHS employee, and did that hit in Orlando, so your comment is pure unadulterated BULLSHIT. I THINK YOU ARE A TROLL. I guess you don’t know Venezuela exist and people are eating cats and dogs. Well we may not eat that shit here, unless you are vietnamese or chinese but then again.
Message to you jihadist phuck’s from the North Houston and the Katy Tx, region..battalion..
The tattooed up red neck fags in my gym have commented on the fact that when they catch you jihadist phuck’s that they plan on trying out some of that middle eastern talent by putting you jihadist on all fours, no I am not kidding, the fags told me that. Think this is bullshit, see allnewspipline.com to view the new don’t thread on me gay T-shirt that has the rattle snake in the rainbow. You jihadist phuckers may literally get blown the phuck away if you try that crap on my city..or worst, get rear ended in a bad way..
Agency ass ckown super moderator..
Molon labe mother phuckers..even the gays are coming form you phuckers..
I was waiting for your ignorant, uneducated and most of all, total BS reply…Agency…OK, worm.
HCKS, I have a hard time believing you’re any type of moderator when you’re lacking any moderation yourself. The way you talk to people is just over the top. Constantly belittling people that don’t agree with you then threaten to ban them. Frankly I don’t believe you’re a moderator, nor can you ban anyone. You really ought to grow up and don’t show your childish self so easily. Since you have so many connections who are in the know, go ask for advice on how to act. Maybe you can start with your scientist friend or your martial arts instructor.
Got Body Armor?
Wont matter with what im feedin
You know what? Has anyone ever tried using tracers on body armor? Wonder if even Level 4 would have a problem at close range at about 50 yards. I think there are WP rounds also. (Blue Tips)?
Obama imports over a Million Muslims during his presidency. Hillary will keep the numbers going higher.
Then 51% of American Muslims want Sharia Law.
We are worried about what the financials are doing. We know that pig can’t fly.
When it terrorist start again I do not want to hear all the bitching. So just go out and put all those flowers, candles and teddy bears as memorials. Also buy a lot of those items. Hell the whole country is beginning to look like a graveyard on the roadways.
Best job in town will be a Grief Counselor.
When the Gays make the Gadsden Flag, Rainbow Color you know the country is in trouble.
Yepper, It’s not the Gay Parade anymore it’s the Gay Patrol.
“Just because I’m dressed in drag, doesn’t mean I can’t kill terrorists”.
HCKS… you tell them bud, the agency ass clown super moderator throws down the truth.
If anyone would like to see some insight Google The Market Oracle Feb 23rd, 2007, Housing Market Crash.
The stock market crash of 2008 was predicted.
This panic will continue. Our survival will be measured by our ability to organize into a community of like minded individuals. Freedom is not issued by the Government, but it is taxed accordingly. Stay alert, stay alive.
Of course its coming. We keep stacking. Lately it has been canned goods. When the garden comes in we will shift to canning and freezing. We just hope the pile is big enough.