GLOBAL BLOODBATH!
In China, over 2,000 mainland-listed companies have hit limit down, and China’s most active CSI 1000 stock index futures is now down 10%, hitting limit down. China has opened actual economic WAR in retaliation!
CHINA LAUNCHES GLOBAL DIGITAL PAYMENT NETWORK BYPASSING SWIFT
This bypasses SWIFT and the US dollar entirely.Payments now clear in 7 seconds, not 3-5 days.Fees slashed by 98%.
Middle Eastern energy traders are in.
ASEAN’s RMB trade hit 5.8 trillion yuan. Thailand settled oil in digital RMB.
While the US debates if digital currency is a threat, China has already built a global network across 200 countries.
This isn’t just payments. It’s a Digital Silk Road. It’s de-dollarization in action. And it’s happening NOW.
GLOBAL BLOODBATH!
$6.4 TRILLION wiped from global economy in just the last 12 hours!
Hong Kong led the losses with a 13.2% drop — its worst day since 1997!
Taiwan stocks plunged 9.7%, setting a new anti-record, while Singapore’s shares fell 7.7% — its steepest decline in over 16 years!
Hal Turner Snap Analysis
You know what did this? Trump. Do you know why? They tried to kill him; but Trump won.
He
destroyed globalism. It no longer exists. It is done, it is finished,
it is dead. He took it out back and shot it execution style with a
sawed-off shotgun and he is simply coming out casually with its blood
splattered all over him to tell us about it.
WEF is gone. Davos is gone. Klaus Schwab is gone. Sustainable development goals are gone. Multinationals are gone. Tax havens are gone.
The world as we knew it is gone. Why? Because it opposed Donald Trump; it tried to have him defeated, prosecuted, arrested, imprisoned, executed.
So he killed it. And he did that using THEIR OWN SYSTEM! MONEY.
Now it is dead, its corpse is in front of us.
The
market of big financial institutions and neoliberal actors all across
the globe are trying to mentally process their loss and the fact that
they themselves are dead : denial, bargaining, anger, depression.
we should celebrate....
***
White House:
"Tariff Pause for 90 days is FAKE NEWS"
At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.
By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.
At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause.
At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.
At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news."
By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior.
Never in history have we seen something like this.
***
Futures Market Begins Trading:
BLOOBATH for Tomorrow!
By Hal Turner: Stock Market "Futures" have begun trading as of 6:00 PM eastern US time Sunday night. 17 minutes into trading and the Dow is already down over 1400 points from its Friday close.
If this keeps up, it looks as though trading on markets tomorrow will be a BLOODBATH.
UPDATE 7:25 PM EDT --
The slide continues . . . . but . . . . it /seems/ controlled. Not coming up against the 7% circuit breaker drop (yet):
UPDATE 8:01 PM EDT --
Circuit breakers have been triggered in Japan's Nikkei 225 and TOPIX stock market indices. Trading is now temporarily halted because losses have been so severe.
Nikkei Stock Average Plummets 8.5%; Lowest Since Oct 2023
RELATED ?
$200,000,000 liquidated from the cryptocurrency market in the past 60 minutes.
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