The Global Economy Is Officially Melting Down

global ecnomic crisisBy Joshua Krause

As much as the financiers on Wall Street and the officials at the Fed would like the party to keep going, it looks it’s finally about to stop. Years of bailouts and monetary expansion have created one of the most inflated and artificial economic booms in history, and now it appears that this global economic bubble is deflating.

Markets across the board are melting down as we speak, and the financial crash that supposedly “fringe” analysts have been predicting since 2008, is finally upon us. Take a look at what’s going down right now.

  • The Dow has fallen 1,300 points from its peak. On Friday alone, it fell by 530 points, making it the 9th worst stock market crash in US history.
  • The Shanghai composite fell by more than 11% this week. All told, China’s stock market has lost a third of its value since its previous peak, and the only thing holding it up is their government’s intervention. It lost 4% of its value on Friday after it was revealed that their manufacturing activity had reached a 77-month low.
  • 400 of the world’s richest people lost a total of $182 billion this week, amounting to 6.3% of their collective wealth. When the people who benefit the most from inflated markets are getting hurt, you know that the bubble is bursting.
  • The dollar’s rally may be finally nearing its end. Its value has fallen slightly, but consistently for the past 2 weeks.
  • Commodities have fallen to a 13-year low. The price of copper has reached a 6-year low while oil has suffered its longest decline since 1986.

That last one is very telling. You can always tell when the global economy is in bad shape based on the value of various commodities. It’s one of the strongest indicators for an economy, since it reveals how many real, tangible goods are being produced. Curiously, many of these commodities have been falling in value throughout the supposed recovery that we’ve been in since 2009.

The only commodity that is doing well right now is gold, which has reached a six-week high, and just had its best week since last January. Given the safe haven status that gold holds, it’s clear now that confidence in the US dollar and the global economy, is slowly slipping.

With all of this information at hand, it would be hard to deny that we may be finally witnessing the same kind of crash that we endured in 2008. Anyone who thought that we’ve been in a genuine recovery for the past 6 years, was foolish. But anyone who thinks that global markets will simply bounce back from what has occurred over the past few weeks, is downright crazy.

Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.

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5 Comments on "The Global Economy Is Officially Melting Down"

  1. Volatility and crashes are not “organic”, the timing is engineered for various strategic goals. Maybe we should be asking ourselves what this latest shake up is likely testing or setting up and how this coincides with the staged RINO circus involving the Trump chump psy op to sway the sheeple towards another Dem savior. On on a higher tier, the slide towards a global tax and a re-engineering of resource distribution (socialism) are still top priorities.

    • I have been telling people for the Last 5 + years that when the time comes the powers that be will orchestrate an economic catastrophe, as well as terrorist, biological, increase war, unnatural natural disaster and it appears to be starting.

  2. TARDISOFGALLIFREY | August 24, 2015 at 3:29 pm | Reply

    Collapse the world, then the global elites can get their One World Currency they want so badly!

  3. georgieporgie12 | August 24, 2015 at 6:54 pm | Reply

    One possible solution to the economic melt-down would be to mint the platinum trillion dollar coin. Congress has already passed a law for this.

    What they’d have to do it to tell the Department of the Treasury to mint platinum trillion dollar coins. The coins don’t have to cost a trillion dollars, they just have to be designated as having a VALUE of a trillion dollars. Since the country’s debt currently stands at 18-19 trillion, we’d have to mint 18 or 19 of them. The next step is to give them to the Federal Reserve Bank to cover our outstanding debt.

    This may sound fanciful or weird, but it’s true. It could be the answer for getting this country on the right track, and an end to the mismanagement of debt and general overspending.

    Lots more information–just type in “platinum trillion dollar coin.”

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