Here We Go Again: China Halts Trading For The Entire Day After Another 7% Crash

Posted on January 6, 2016 by DRenegade

This is getting bad very quickly. Oil is down to $32 per barrel. Gold is going higher as the final refuge. The NYSE is down another 250 points in the past hour.

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David DeGerolamo

    
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Average Joe
Average Joe
9 years ago

I just read an interesting piece that stated 4 Trillion dollars in debt was created in the energy sector alone was based upon $80 to $100 a barrel oil. Further that if only 10% of that debt were to go into default it would be 6 TIMES LARGER than the sub-prime mortgage crisis.

With that in mind and after our Federal Reserve Bank has basically exhausted its means to inflate the economy as well as all but exhausting its credibility, the likelihood of the IMF being given control of the world’s money should be realized in the next couple of years depending of course on how quickly things ‘unwind..’

Keep in mind both parties and almost every politician is in on the scam and plan. If we can ever regain control of our country the should be tried for treason and held personally liable for their crimes against the country and it’s citizens.

LT
LT
9 years ago

The Chinese economy has been in free-fall since April of last year. Their communist government has done about everything they can to conceal this simple fact, and to delay the impact as long as possible, but it’s been said for many years now that, “shipping doesn’t lie” -- and in 2015 the Chinese ports have seen their traffic reduced by nearly half, compared to 2014.

At the same time, the European and American eonomies are in fiscal collapse, due to the insane and continuous naked printing of currency, which is now plainly backed by absolutely nothing other than a hollow promise to “keep things going”, which was imposible to keep, even when they began in 2008/9.

What comes next will make the “great depression” seem like a rainstorm at a girlscout camp, by comparison. In my best estimation, this collapse will render a situation in America not unlike the Cholera Riots which erupted throughout Russia in 1830~32 -- where the angry mobs often dragged local government officials doctors, and military officers out into the streets and beat them, sometimes to death, for imposing quarantine on them, thus destroying their livelihood as farmers and merchants.

WE HAVE BEEN WARNED