As I warned on Monday, all of the signs and conditions for the markets to begin their crash were in place. I specifically said to watch China, Greece, oil, and bonds. As of today, the markets were a disaster. Even after substantial intervention by central banks, the markets are still crashing globally. This has the potential to spiral out of control very quickly as the Chinese stock market has already lost nearly 40% of its value erasing trillions in a matter of hours. As such, it appears the central planners are losing the ability to manipulate markets higher. The market conditions now are pointing to a severe market correction and everyone should take action to protect any wealth they have managed to accumulate or risk major losses over the next 48 hours. Ominously, this crash is also being used to provoke a war with the Chinese to distract the population from the fact our leaders have criminally obliterated the US economy.
Most consequential at the moment, it appears the central planners in China have so far been unable to stabilize their markets and halt the collapse in their stock market. I noted this would be a key factor to monitor this week as an indication of whether or not the markets were going to move toward correction. Read more