Did you know that CNN has a Fear & Greed Index which measures the amount of fear in the financial world? I wasn’t, but it’s a revealing aspect of modern life and speaks a lot to how polarized our world has become.
According to the index, measured from 0 to 100, with 0 being maximum fear, the current value is 7. And given recent events in the markets, its understandable.
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But is fear really the only possible interpretation? I would say no. Once one develops enough knowledge about what money really is, and why we use it as a method of exchanging value, the collapse of this system is inevitable and necessary so we can create an honorable one.
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In my view, this fallacious and scarcity promoting system needs to end. Since most of humanity doesn’t possess key knowledge about the financial system, while also being completely dependent on it for survival, how can we unify to make a better system? Education is essential, yet it can’t be forced and in many cases the faith in our modern world blinds us to the truth we must come to know. Possibly a financial collapse, with some degree of intensity, is needed to help snap people out of their self hypnotic state.
The same people who brought us 9/11, pandemic environmental pollution, ineffectual medical systems, poison foods, ad infinitum – are steering the world economy off a cliff. But I think humanity is starting to realize the edge is very close. And we who do understand that the financial system is broken, and are uniquely empowered to fix it, can help awaken those around us.
The only way to create a sustainable and liberating financial system is to have the truth about it fully revealed to the public. The seemingly inevitable collapse will give us all a chance to start over, as long as we have done the work to gain knowledge, for ourselves and our children.
Source – The Economic Collapse Blog
The 144 China-based stocks with primary listings on major U.S. exchanges have erased nearly $40 billion in paper wealthsince the Shanghai Composite index peaked on June 12. It’s an enormous destruction of wealth that in effects wipes out the market value of a company the size of cruise ship operator Carnival.
The pan-European FTSEurofirst 300 provisionally closed 2.1 percent lower, while the Germany’s DAX and France’s CACclosed respectively 2.4 percent and 2.5 percent lower.The U.K.’s benchmark FTSE outperformed its euro zone peers, but still closed unofficially down 1.0 percent.
The currencies of Brazil, Mexico, South Africa and Turkey have all crashed to multi-year lows as investors flee emerging markets and commodity prices crumble.The drastic moves came as fears of imminent monetary tightening by the US Federal Reserve combined with shockingly weak figures from China, which stoked fears that the country may be sliding into a deeper downturn and sent tremors through East Asia, Latin America and Africa.
Among the bonds: Cliffs Natural Resources down 27.6%, SandBridge down 30%, Murray Energy down 21.2%, and Linn Energy down 22.3%, according to Bloomberg.For example, Linn Energy 6.25% notes due in 2019 were trading at 78 cents on the dollar at the beginning of July and at 58 on Friday, according to LCD. There was bloodshed beyond energy, such as AK Steel’s 7.625% notes due in 2021. They were trading at 62 cents on the dollar, down 22% from the beginning of July.“The performance is a disappointment to investors who purchased about $40 billion of junk-rated bonds from energy companies this year, thinking that the worst of the slump was over,” Bloomberg noted.

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