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welcome to Crossroads it said that when something’s going to collapse well it’s slow at first and then all at once and we may now be watching the start of a new economic crisis as the markets now hit with the largest decline since the Black Monday crash back in 1987 now look back then the Dow Jones Industrial Average the Dow dropped 8 points or about 22. 61% and it wiped out around $500 billion in market value well look the new crash which just started this week saw the Dow drop by over 1,000 points or about 2.6% by Monday afternoon the worst performance in a day in nearly two years now look of course the situation is still developing but given other Global Trends there’s the possibility this could signal more of what is to come especially as we’re actually watching similar signs take place in the Chinese market and here’s why the recent crash was caused by bad job numbers going public but recent data show the Chinese Communist party has been also covering up the real state of its markets the economic Trend we’re now watching could soon get much more serious now look we’ve been talking for a while about how troubled economies especially with issues right here in the United States and China are going to impact things the reality is right because of the way the modern Global Market works if the economy gets hit and one of the major economic players the US China or other major areas it tends to have a domino effect elsewhere you know you might remember they were saying before that if China sneezes the world catches a cold and it was for this reason that you know during covid even when other countries were opening up global Shipping was still stuck because of the ongoing lockdowns in China well now on the economic front it seems that the dam May finally be starting to burst and right now we’re watching it with the US market but what’s key here is that the causes of this are not just limited to the US market now like to start let’s have a look at what what took place with the crash on Monday CNBC said that fears of a US recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report it said investors are also concerned that the Federal Reserve is behind and cutting interest rates to bolster an economic slowdown with the Central Bank choosing instead to keep rates at the highest in two decades last week it notes that investors are continuing to sell off Mega cap uh tech stocks and the once hot artificial intelligence trade and Tech shares were among the worst performers Monday further in it states that other Global markets were also severely affected now look on the note of what started this whole selloff of what’s happening right now it’s mostly being pinned on the recent reporting of rising unemployment in the United States The Epic Times said a disappointing us jobs report on August 2nd through fuel on the global stock market selloff as weak employment data heightened investor fears of an economic slowdown and sent investors running for safety it says the stock route came at came as the Bureau of Labor Statistics said Friday that the US economy added 114,000 new jobs in July a market slowdown from June’s 179,000 and well below Economist expectations of 175,000 It also says Friday’s data showed the unemployment rate jumping from 4.1% to 4.3% in July raising to its highest level since October 2021 and further signaling deceleration in the labor market it says the figures followed a closely watched report from The Institute of Supply Management on Thursday that showed us manufacturing manufacturing activity shrank in July by the most in 8 months sinking deeper into contraction territory now look there have been a lot of debates around the actual job numbers in the US and many people have pointed out that frankly even what we’re being shown on the surface may not totally be representative of the actual job market a lot of people pointed out notably that you know the growth in jobs a lot of it is like part-time job jobs also there’s the issue of mass illegal immigration government jobs which you know a little different of course than manufacturing or normal jobs and also looking into how that ties into job numbers then there’s also the big kind of elephant in the room that look basically if you’re out of work for too long they eventually stop counting you in the unemployed statistic now of course unemployment affects people’s buying power and you can expect to see people spending less money when they’re struggling to get by you know obviously if you have less money you’re probably going to spend less money and so that has a direct effect on the markets as well you know lower employment lower spending fewer products being sold and that means companies also have less cash but it seems that the recent selloff probably has even more to do with interest rates and you know when or if the FED is going to start cutting interest rates because remember before all of this they were saying we’re going to be in a stagflation right they were talking about stagflation and the reason the FED is Raising interest rates like this is to try to fight off against that right they’re trying to not go into recession and they’re trying to not have inflation and so we’re in this weird middle area and that’s what you’re watching but many have noted as well that actually globally the economies are not doing so well almost anywhere and that’s also the reality of the current market with all all this in mind though you know I’d personally say we could be watching the beginning of a global Trend the other side of this goes back to China because remember right now what you’re watching is basically investors pulling their money out because they’re anticipating a crash now like first of all with the whole trade war going on you can expect most big companies to start reporting some lower numbers for a lot of them right they’re losing access to one of the world largest markets China now on that note what has happened imagine you’re a major corporation one of the biggest markets is China and then the Chinese Communist Party changes its laws and works on you know domestic production and stuff they want domestic products not foreign products they in their own words they want to get rid of every single us-based technology platform they want to have all the software Chinese made software all the technology chinese-made technology what do you think is going to happen to the US companies all the companies that operate there currently they’re what China would call sparring partners and the implication of that is this they’re training with you so they can beat you they’re not having you there so you can be there forever they’re learning from you until they no longer need you now also with this part of it has to do with sanctions and tariffs you know of course the the US and Europe and other countries they’re putting sanctions tariffs and other forms of you know kind of trade punishments on China some of that’s to prevent you know dumping of products on their markets some of it’s to prevent for example subsidized products okay things subsized by the government going onto their markets and undercutting their own businesses and the other side of it has to do with things like of course China support of Russia and other issues like that now those are very likely going to expand in the next few weeks in fact they’re saying maybe two weeks or so they’re going to have the plan for it and then we’re going to hear about it meaning the current economic state within China is going to take a hit very soon as soon as those get rolled out and take that in context of the CCP of course actually doing more incursions into US air defense space uh the Chinese Communist Party doubling down in its support of Russia and the war the Chinese Communist Party trying to to undermine the us peace deal with Ukraine and the rest of the world while creating its own alternative World Order uh peace deal and of course the CCP backing Iran and backing Hamas and the war is currently taking place with Israel take that in consideration of how the United States might take that into consideration on their side when it comes to how much they want to punish or make it so that the ccp’s businesses are no longer able to support those types of of operations that is going to be in the next few weeks but on the other side of it again the Chinese Communist party’s economic plan they’re about domestic production the entire focus is to you know get foreign investors of course but they don’t want foreign business they want every single thing to be a Chinese business Chinese technology Chinese software Chinese everything in China the whole CCP economic plan that they just rolled out is 100% made in China and they will push out foreign companies as soon as they have something to replace them they’ve also created a new stigma notably backed by Chinese law against flaunting wealth which is of course impacting a lot of luxury Brands you’re already seeing the effects on a lot of Western Europe for example where companies that used to have big markets in China whether it’s alcohol or bags or clothes suddenly people aren’t buying them they’re getting pushed out then there’s the Chip War which is likely going to expand and that of course impacts the entire high-tech Market there’s also the ccb’s new Espionage laws which make it risky for companies to do business in China at all and there’s the other side about how these tie into you know global economic problems again going back to China I’ll be talking more about this after we come back from a quick break experts agree one of the best ways to protect against Financial uncertainty is to diversify your portfolio learn how physical gold and silver can secure your retirement funds from today’s economic challenges with a gold Ira from American hardford go you can Safeguard your wealth with no penalties or taxes when you 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it’s going to get or whether it’s going to recover pretty quickly but there’s the possibility this could signal more of what’s to come because really what’s behind this well technically it wasn’t the job numbers it was the FED not changing the interest rates not rolling them back and anticip ation that there’s going to be some kind of economic crisis this is investors again believing that we may be entering an economic crisis this is especially as we’re watching similar warning signs take place in the Chinese market but with the added layer of the Chinese Communist Party covering up bad economic data and you know the real estate of its job market this cover up this economic censorship by the CCP that could also kick off a type of global economic problem and why is that well look companies are losing access to the Chinese market as the CCP is enacting a new economic plan about domestic production they are pushing out foreign companies now imagine if you’re a company and maybe you know 20 30 maybe even more percent of your income is based on having access to the Chinese market what happens to a company when suddenly 20% of their Market disappears what happens to a company when one of the most populous countries in the world pushes them out what happens to the markets when that happens to many many companies well that is going to be something that has a domino effect all through Europe and all through the United States and of course that again is part of the ccb’s current economic policy to push out foreign companies because they’re focused on domestic production but I want to point something else out which I haven’t seem noted as strong in other in other places part of the big selloff we’re watching right now in the markets is because again of us unemployment and the ripple effect that will have on consumer spending and also how that will factor in with the FED possibly cutting interest rates well what’s not being discussed is that we’re actually watching similar Trends take place in China almost the exact same thing just more severe the Chinese Communist part though is not including this information in terms of its you know regular doctored numbers at least not yet they’re just saying hey 5% economic growth 5% the evidence does not support the data in fact a lot of people have noted this now here’s where it gets complicated now look if you go by the surface numbers in China the CCP keeps saying again economic growth is around 5% and again that’s if you go by state media cgtn they just reported quote half of China’s provincial level regions post GDP growth rates above 5% in H1 2024 now what does that actually say well this is reporting from the provincial level governments of the CCP and the big question here is this would they dare report anything else and no they wouldn’t because in China it’s the same problem they had during their other big populist movements when they had for example the Great Leap Forward and other things like this where they were trying to make everybody into Farmers what happened while every single region was expected to outperform in terms of you know crops and Grain and so on what happened in reality was is they had massive crop failures and people were starving to death but the local provincial governments were saying hey record Crop Production uh more than we’ve ever had you won’t even believe how many crops were growing and the CCP claps its hands and says good job comrade keep it up while people are dying because they’re misreporting the numbers in order to feed the ccp’s narrative which is used to fuel of course its Global image and prop that up for the whole world to watch it seems like it’s the same thing here based on every single indicator then look although there are plenty of economists outside of China that note the ccp’s numbers are almost definitely not real a lot of news outlets are still using the surface claim numbers to form their entire narrative on the state of the Chinese economy they base their analysis off of that even though on the side governments and really respected economists they’re noting the numbers are almost impossible there’s almost without a doubt nowhere even close to what they’re saying but again in the reporting and the analysis and including what businesses are looking at they’re still going by by the numbers even though they understand they’re probably not real now look part of this may be because if you’re operating in China if you’re a journalist in China and you’re working on this stuff they will arrest you if you question those numbers there is red lines that you cannot cross if you’re going to be operating there and so if you’re working in The Truman Show basically you know living in China as a journalist and you’re from the West you have to play the game this includes recent revisions notably to state secret laws and Espionage laws because the new laws they just changed in addition to what was already extremely restrictive policies around how you report things they also have new vague protections around reporting on the Chinese economy and notably any issue that affects State interests they can arrest you and call you a spy if you damage State interests and remember with the recent top level meetings of the Chinese Communist Party the Chinese economy right now is one of the top state interests they just had the third Plum and a top level meeting of the pollit bureau that for them is one of the biggest issues nobody dares to touch it nobody dares question 5% growth nobody dares to say otherwise nobody dares to leak data because the CCP has changed its laws so they can throw you in prison if you do but look we can also look at some other indicators to to get an idea of what’s really happening first off look there’s a possibility we’re not seeing the effects as strong on the Chinese markets at least not yet because the CCP started restricting this just a few weeks ago Bloomberg said on July 10th quote China took some of its most extreme steps yet to restrict Short Selling in quantitative trading strategies seeking to support the nation’s sliding stock market as a closely watched economic policy meeting approaches the China Securities Regulatory Commission approved an increase in margin requirements for short selling starting July 22nd making the trades more expensive for hedge funds and other investors meanwhile they say China Securities Finance Corp the country’s biggest stock lending provider will suspend its business of lending Securities to brokerages starting July 11th the measures announced late Wednesday after the Benchmark CSI 300 index Dr for the sixth time in seven sessions send a clear signal that authorities want to stem a slump that erased about $1 trillion dollar of onshore value market value since miday and while that’s providing a knee-jerk boost to sentiment they say Chinese stock gained on Thursday The Limited role of short sellers in China suggests any long-term impact may be limited so in other words the Chinese markets were not doing well month after month after month they were not they were not doing well they were crashing so what happened the Chinese Communist party started restricting the ability of people to sell at least when it comes to Short Selling and other methods and given that of course well look at what just happen in the markets you had globally a market crash in China it did not crash as hard why did it not crash as hard well maybe because they can’t do it but then the CCP did something else that was pretty strange right after they put restrictions on the market in place they then created a new policy to stop publishing some data on the stock market I’ll be talking more about what the CCB is doing to its economy and how that will impact Global economies now that’s going to be only on epct tv.com the uncensored streaming platform of The Epic Times so if you’re watching on YouTube Facebook X Rumble there’s a link in the description below click on that you can access the rest of the episode as well as our library of shows and our hard-hitting documentaries and issues that really matter like the Chinese Communist party’s 100-year plan to defeat the United States the CCP is one of the biggest threats to America they’re using things like propaganda video games entertainment movies culture to subvert and influence the Next Generation and this unrestricted war against our country is one of the scariest but least understood issues of our time because it’s not tangible it’s all being done through soft power means and ideological subversion now I spent over a decade investigating the ccp’s subversion and it’s such an important issue that I made a documentary called The Final War which exposes this 100-year plot of the CCP to take down America so if you’d like to find out more about what exactly the CCP is plotting against America then watch the final war you can find the link in the description below and I’ll show you all a trailer before we go exclusively to epctv for the rest of this episode I’ll see you there the greatest threat facing the United States is the CCP The Epic Times investigation team had studied the CCP for years but what we uncovered was yielding evidence beyond our imagination with chairman ma with the Prime Minister our talks have been characterized by frankness the Clinton Administration said oh don’t worry about it this will be a poison pill for China China’s strategic goal is to make sure that the US has four enemies and one of them must be a terrorist group we are giving of our life’s blood so that the Chinese Communist Party can survive and thrive
Video Title: Global Stock Market Meltdown a Signal of More to Come?
Video Tags: Chinese Communist Party,CCP,new economic crisis,“Black Monday”,1987,DOW,new crash,Chinese market,real state,job market,Crossroads,joshua philipp epoch times,crossroads,news,crossroads with joshua philipp,epoch times,documentary,the epoch times,live joshua philipp,Live Q&A joshua philipp,epochtv news,epoch, #Global #Stock #Market #Meltdown #Signal
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Video Date: 2024-08-07 08:28:06
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