The Biggest Stock Market Crash Has Begun And The Worst Is Yet To Come

Today morning, Japan’s Nikkei recorded its worst stock market crash, losing 4,451.28 points from the previous day's closing amid panic selling triggered by fears of a possible U.S. recession and the yen's strength. For a long time, there was a lot of denial about the direction that the U.S. economy was heading.  The Biden administration and the mainstream media just kept insisting that everything was just fine even though everyone could clearly see that it wasn’t.  But now reality is setting in.  Last week we got some numbers that Wall Street really didn’t like, and a massive temper tantrum ensued. The stock market crash that we witnessed on Friday was quite breathtaking, and it became much worse this week. Yes, this is really happening.

On Friday, many were surprised when the employment numbers were much worse than anticipated. But the only reason why the official figure showed an addition of 114,000 jobs last month is because the birth/death model added 246,000 jobs to the final number. In any event, even if we take the government’s report at face value, the Sahm Rule has still been officially triggered. What is Sam Rule? It is an indicator that is used to provide an early recession signal. The rule stipulates that a recession is likely when the three-month moving average of the jobless rate is at least a half-percentage point higher than the 12-month low. Even though this indicator has successfully predicted every single recession since 1970, Fed Chair Jerome Powell insists that it may not be correct this time around. Unfortunately, it appears to be inevitable that the unemployment rate will go even higher because large companies all over America continue to shed workers. Businesses from coast to coast have fallen on hard times, and business bankruptcy filings have risen by more than 40 percent during the past 12 monthsnand have now reached a number not seen since the second quarter of 2020, at the peak of lockdowns. American households are following along, with total bankruptcy filings up 16.2 percent in the past year, including 132,710 new filings in the second quarter of 2024 alone. The last time business bankruptcy filings were this high was during the lockdowns in the early days of the pandemic.
But we don’t have any lockdowns to blame the current wave of bankruptcies on. Right now, our banks are sitting on gigantic mountains of commercial real estate loans that have gone bad.
For many of those banks, it is just a matter of time before they go belly up.
But don’t just take my word for it.  Recently, a number of prominent experts have been warning that a tsunami of bank failures is on the way.
Yes, this is really happening. A tremendous amount of financial chaos is in our future, and most people are going to be completely blindsided by it.
There is one thing that the Federal Reserve could do to mitigate the damage.
We are being told that the Fed “might” give us a rate cut in September.
That isn’t going to do the job.
We need help now, because the economic collapse are already starting to erupt all around us.

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[CharlieLavoie-hudr]

*The Rich stay Rich by spending like the poor and investing without stopping, then the poor remains by spending like the rich yet not investing like the rich*

[KyleighBouchard]

*Amazing video, you work for 40yrs you have $1m in your retirement, meanwhile some people are putting just $10k into trading from just few months aga and now they are multimillionaires*

[MrRFAvery]

We have been in a recession. We are heading for something much worse.

[TAS]

The stated unemployment rate is ridiculous. Shadow Stats says it is over 26%

[mikeyg]

Everyone that's reading this message just remember we have made it this far in life so we can keep going even farther. Don't give up & don't give in!!

[FBA_AllTHEWAY]

I guess Harris won’t be saving America after all.

[AnjeloValeriano]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[davidlemay]

The stock market isn’t an investment it’s a gamble.😢

[AlecGAAA]

First time in awhile you're on the point. Your time has come!

[entenmanny]

I left the supermarket ( on my way from work ) thirty minutes ago.


A dozen eggs cost $8.00usd
A carton of milk $6.00usd
Beef is $6.50usd a pound
Chicken is $5.00usd a pound
Spinach is $4.50usd a pound
" Fish Heads " are $9.00usd a pound !!!
Beacon is $11.00usd a packet.


The cost of everything gone up.
One McDonalds Breakfast Meal $15.00 usd??? ( Coffee at McDonalds is $4.00usd)

Yeah. The US ECONOMY SUCKS

Halloween, Thanksgiving, Christmas... is less than five months away. There's going to be a lot of angry Americans this holiday season 2024. And they are taking their anger and rage when they start voting this year.

Betting I will too

[garymensurati]

Chaos is here. Prepare accordingly the best you can. Thank you sir. Blessings to all.

[JWLuke]

inflation will rocket off if they cut rates too soon. this bad crash has to happen

[johnleekin]

I said it here many times before… IT’S OVER! Neither Trump nor Harris can save this country. Its done.

[Walks-With-Pride]

Glad to have you back. I missed your voice!

[kurtleo]

80% equities 20% cash. I plan to take advantage of the s&p500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.

[xoxohonna]

People can barely buy food or pay rent but we're still not officially in a recession? Pffft.

[brendavalentine-bates]

The only Fortune 500 stock that did not fall was the war machine Lockeed Martin

[steveguti]

Urgent emergency please join me in prayer for all those affected families children animals dire situations in the whole world they Desperately Need your prayers please pray for them God bless you all...

[therebelliousone]

MAYDAY! MAYDAY! AMERICA IS GOING DOWN! I REPEAT, AMERICA IS GOING DOWN!

[george]

Thank you for my daily dose of doom and gloom, Mr. Doom 😊