(NaturalNews) Just as I've repeatedly warned would happen, global stock markets are in freefall right now, with China, Europe and the United States all experiencing "bloodbath" implosions that are already being described as a "market panic."
Here are some of the highlights of what's happening right now:
"Markets worldwide are falling. It's difficult to tell what will happen next as oil prices plunge, and the DOW seems to be going down by the minute," reports Collapse.news:
European markets have also plunged 3% and today faced severe selling as a sharp drop in oil prices has spooked traders.[4] The European FTSEurofirst 300 closed down 3%, making its worst single day fall since October 2014.[5]
China is imploding along with all the commodities. The leading indicators are suggesting a slowdown in the U.S. on the eve of a rate liftoff by the Federal Reserve... Oil now below $40 a barrel for the first time since 2009.
My personal quote from that story:
We are now witnessing the first rumblings of what I believe will ultimately cascade into a runaway market freefall. Our world has been running on debt and delusion for so long that people have begun to think this is the norm, but the laws of economics prove it isn't. All debts eventually come due. All fiat currencies eventually fail. All nations running on socialist entitlements eventually run out of money. These are immutable laws of reality that our modern world is sadly going to have to learn through catastrophe.
"The bloodbath continued Friday morning after a dreadful reading on Chinese manufacturing data," says this Marketwatch story entitled, "7 charts show the face of a market panic."
China's Shanghai index has plummeted 11.5% this week. Crude oil continues its implosion into the sub-$41 range, and the Stoxx Europe 600 is off 10% from its high this year.
The Chinese market crash is now mirroring the great crash of 1929, says this CNBC analyst.
From Bill Fleckenstein via an interview with King World News:
I have told you in the past that the stock market was crash-prone for a variety of reasons. I did not think there was going to be any way for an orderly decline to actually take place -- orderly being what people who are bullish think that the decline ought to look like...
The stock market and the Fed are trapped. The market can't go up because it was only going up because it had QE. That ended. The vapors from QE were so strong that they held the market up for almost a year. Now it (the stock market) is tanking and the Fed can't initiate more QE because they've been talking about a rate hike because they don't understand the economy either.
Chinese stocks are expected to drop 9 percent again in the next four to five days. The losses could be as bad as the losses that occurred during U.S. exchanges in the Wall Street crash of 1929, according to Thomas DeMark, founder and CEO of DeMark Analytics.
DeMark reports that the upheaval on the Shanghai Composite Index is on a path to destruction that resembles the crashes of 1987 and 2001. However, it could plummet even further according to DeMark. He predicted that the Chinese stocks would drop an additional 14 percent within three weeks in late July, which resembles the stock market crash of 1929.
I predicted all this weeks ago
As is often the case, I publicly predicted all this many weeks ago with this "systemic market crash" video that's been viewed by thousands:
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