BANK COLLAPSE : Biggest Stock Market Loss In History
June 27, 2016.
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More stock market wealth was lost on Friday than on any other day in world history. As you will see below, global investors lost two trillion dollars on the day following the Brexit vote. And remember, this is on top of the trillions that global investors have already lost over the past 12 months. It is important to understand that the Brexit vote was not the beginning of a new crisis – it has simply accelerated a global financial crisis that started last year and that was already in the process of unfolding. As I noted on Friday, we have been waiting for “the next Lehman Brothers moment” that would really unleash fear and panic globally, and now we have it. The next six months should be absolutely fascinating to watch.
According to CNBC, the total amount of money lost on global stock markets on Friday surpassed anything that we had ever seen before, and that includes the darkest days of the financial crisis of 2008
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We Just Witnessed the Biggest Stock Market Loss In History
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https://youtu.be/j5tTgcUgei4
US Banks Are Crashing
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The Brexit contagion is spreading as USD liquidity and counterparty risk in the interconnected global financial system has reached US banks with Goldman at 3 year lows and BofA and Citi plunging over 12%. This happens just two days after the Fed released its latest stress test results finding that none of the 33 banks tested would need additional capital in case of a “severe” financial crisis. That conclusion may be tested soon.
BofA and Citri are ugly:
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LINK
http://www.zerohedge.com/news/2016-06-27/us-banks-are-crashing
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LINK
http://www.express.co.uk/news/politics/683739/EU-referendum-German-French-European-superstate-Brexit
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LINK
English will not be an official EU language after Brexit, says senior MEP
Thanks to Hatter at: https://outofthisworldx.wordpress.com