The stock market has taken several hits over the past four months, sustaining a loss of $11 trillion; that’s one sixth of global GDP. The full impact of these losses is most likely being sheltered by aggressive lending policies by the big banks, printing money in the billions on a monthly basis via quantitative easing.
The world economy seems to be very close to a major crash, with very little left in the way of stopgaps available to address the problem. Of course the pandemic use of interest and debt money, by the hand of clandestine financial powers has only one definitive outcome in the long term; financial collapse. Interest siphons creative energy, represented in the form of debt-money, out of a social group and into the hands of a hidden ruling oligarchy.
When a people looses touch with the interconnected nature of reality, when they fail to negotiate an accord for the benefit of all beings, then money is needed to mitigate the chaos of the incompetent masses. But there is hope, a group of knowledgeable and far seeing individuals can develop an independent system of financial trade, using debt-free money as a tool for building prosperity.
In fact, as the below linked documentary demonstrates, some of the most successful civilizations in history all had an interest free money system, run by the people in a not-for-profit capacity.
Related How and Why “The Money Masters” Took Control (Full Documentary)
But until the average person is willing to recognize that their choice of ignorance creates chaos for all others, our collective destinies will be tied to each other and the present day fallacious system.
In my view, a financial collapse on a grand scale would provide the catalyst needed for each individual to realize the frauds running rampant in today’s world, providing the experiential basis to seek for a better way. And those of us who do understand this better way can share it with others, so that when the present system collapses a new one can take it’s place based on honor, truth and fairness.
One day soon we will all be passing through a global initiation as the financial system implodes, but we need not fear the death of this draconian giant. We can take the time now to rediscover how to engage in commerce with our fellows in a fair and honest way.
All people need food, water and shelter as a basic natural right and when we develop social agreements to facilitate these things for all people everywhere, we will have the foundation for a prosperous society.
Source – The Economic Collapse Blog
The worst stock market crashes in U.S. history have come during the month of October. There is just something about this time of the year that seems to be conducive to financial panic. For example, on October 28th, 1929 the biggest stock market crash in U.S. history up until that time helped usher in the Great Depression of the 1930s. And the largest percentage crash in the history of the Dow Jones Industrial Average by a very wide margin happened on October 19th, 1987. Overall, 9 of the 16 largest single day percentage crashes that we have ever seen happened during the month of October. Of course that does not mean that something will happen this October, but after what we just witnessed in September we should all be on alert.
The S&P 500 fell 8%… and so did the Dow and the NASDAQ. It was the worst quarter for U.S. stocks since 2011.Stocks around the world dropped too. The MSCI All-Country World Index, which tracks 85% of global stocks, also had its worst quarter since 2011. The STOXX Europe 600 Index, which tracks 600 of Europe’s largest companies, fell 10%. It was the worst quarter for European stocks since 2011 as well.China’s Shanghai Composite fell 28% last quarter, its largest quarterly decline in seven years. The MSCI Emerging Markets Index fell 19%. It was the worst quarterly decline for emerging market stocks in four years.In total, last quarter’s selloff erased nearly $11 trillion in value from stocks around the world.
Just as in 1929, the market was performing fantastic and the continuous wealth increase seemed to be unstoppable. A short 10% correction was seen as ‘healthy’ and soon a new uptrend was starting (the green line). This is exactly the same scenario we saw in the past few weeks. Market commenters said the 10% drop in the Dow Jones was a ‘healthy correction’ and we’re on our way to the next uptrend and Christmas rally.
Jim Cramer, the ex-hedge fund manager and host of CNBC’s show “Mad Money,” has been vocal recently on air, saying repeatedly that he doesn’t like the market now, and last week said “we have a first-class bear market going.” Similarly, Gary Kaltbaum, president of Kaltbaum Capital Management, has been sending out notes to clients and this newspaper for weeks, saying the poor price action of the stock market and many hard-hit sectors, such as energy and the recently clobbered biotech sector, has all the earmarks of a bear market. Over the weekend, Kaltbaum said: “We remain in a worldwide bear market for stocks.”
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