Posted by Richard Willett - Memes and headline comments by David Icke Posted on 5 October 2022

46 Trillion Dollars In Financial Wealth Has Already Been Lost During The Great Global Market Crash Of 2022

In less than one year, 46 trillion dollars in financial wealth has been wiped out.  If that isn’t a “crash”, how would you define one?  Since last November, stocks and bonds have been plunging all over the globe.  When there is a good day like we saw on Monday, sometimes that can fool us into thinking that everything is going to be okay.  But in order to understand what is really going on we need to step back and look at the bigger picture.  And when we look at the bigger picture, it becomes exceedingly clear that we are in the midst of a historic worldwide market crash.  According to Bank of America, a whopping 46.1 trillion dollars in financial wealth has already been wiped out since last November…

It’s been a tough year for investors, with global stock and bond markets erasing $46.1 trillion in market value since November 2021, according to Bank of America.

The massive drawdown has led to forced liquidations on Wall Street, the bank’s chief investment strategist Michael Hartnett said in a Friday note, highlighting the recent break below 2018 support in the NYSE Composite Index.

When I first came across that number I could hardly believe it.

But it is accurate.

Stocks have been falling and falling and falling, and Bank of America is warning that this is one of the worst global bond market crashes that we have ever seen

Analysts at BofA liken it to going “Cold Turkey” and blame it for causing the third “Great Bond Bear Market.”

They calculate the 20% plus losses suffered by government debt investors over the last year are now a par with the post World War I and II years of 1920 and 1949, and the Great Depression rout of 1931.

The combined collapse in global stock and bond markets means global market capitalisation has been slashed by over $46 trillion.

That is an amount of money that is difficult to comprehend.

The total value of all goods and services produced in the United States last year was approximately 23 trillion dollars.

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