CHINA facing financial meltdown and the biggest stock market crash since the Great Depression

Share it with your friends Like

Thanks! Share it with your friends!

Close

Think Greece’s economy is the one in trouble? It’s CHINA that’s facing financial meltdown and the biggest stock market crash since the Great Depression
Nearly $3trillion wiped off Chinese stock markets in just the last few weeks
Government and investors launched campaign to prop up tumbling shares
Booming stock markets had more than doubled in the year to mid-June
Experts draw parallels with the credit booms that led up to the 1929 crash
Analyst: ‘I’ve never seen this kind of slump before. Don’t think anyone has.

China’s tumbling stock markets plunged even further today, intensifying fears the country was tail-spinning towards the biggest financial disaster since the 1929 Wall Street crash.
Almost $3trillion (£2trn) – more than the entire economic output of Brazil – has been wiped out since markets went into reverse just a few weeks ago, posing a bigger headache for many global investors than even the Greek debt crisis.
China’s government, regulators and financial institutions are now waging a concerted campaign to prop up the nation’s stock markets – a move that failed spectacularly in the 1929 crash that triggered the Great Depression.
The plunge in its previously booming stock markets, which had more than doubled in the year to mid-June, is a major problem for President Xi Jinping and China’s top leaders, who are already grappling with slowing growth in the world’s second largest economy and another bursting bubble.

The parallels with 1929 are, on the face of it, uncanny,’ wrote Jeremy Warner, economics commentator and assistant editor of The Daily Telegraph.
‘After more than a decade of frantic growth, extraordinary wealth creation and excess, both economies – America in 1929 and China today – are at roughly similar stages of economic development.
‘Indeed, China’s credit boom dwarfs that of even the “roaring Twenties”.’
Beijing intensified efforts at the weekend to pull China’s stock markets out of a nose-dive, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund.
Beijing has also suspended new share offers in an attempt to take pressure off the market after a 30 per cent plunge in three weeks.

Comments

CasperthefriendlyGhost PeakAboo says:

the chinese stock market is crashing cause of the situation happening in the sprattley islands

GrayEagle48 says:

China has been stealing America's jobs and factories for years, KARMA?
If you like my videos and comments pls subscribe.

Tadepalli Santosh says:

BOND COLLAPSE COMING!! SEPTEMBER 2015

iliketheodds says:

prophetic.

SEAN PAN says:

China can do without a stock market. They won't let Stock market to bring China down. Mark my words.

Johnny bizaro says:

Again? How many times have they predicted the end of China. I suppose the folks on the video failed math or something did not bother to look at the figures on the stock market . It is still higher then it was last year.

SHELLSH0K Dajjalon 999 says:

This is complete bullshit. China is going to become an economic superpower in 2025, whether the zionists want it or not. End of story.

Steve Perlman says:

Is this the way china gets rid if US Dollars???

tyjghjghhh says:

trust me idiot, the chinese are NOT having a real meltdown…
it is global economic warfare, and the west speculators are trying to crash china, like they done to other economies.

but the chinese are NOT debt nation, they are creditor, and have surplus gold reserves.

they will survive regardless of whatever  the west elites try to do.

Malinche Isidro says:

Congratulations, disgusting Chinks!

Keith L. says:

China's economy isn't collapsing. It's just slowing. That slowing growth caused its market to drop, but it isn't collapsing the economy.

Pete Kiryluk says:

They have to have a great depression that is the christening of the modern world.

acgillespie says:

we need to have another world war for the better of mankind.. kill all the retards.

acgillespie says:

Just spend all your money while it is worth something and get a car or food or something you want or need… 
What you don't need is piles of worthless cash laying around
Spend it and be happy

haoru chen says:

Will bounce back, don't worry.

I says:

China in the process to become another shithole india.

Phillip Morris says:

Im your host killer keemster. Lets get riiiight into the news!!

Mike Jones says:

Can they just redraw money from their AIIB Bank? Hahahahaha!!!!

Wanatabe Hogan says:

Jump jump YMF !!!

Zip Zenac says:

Who feels sorry for the greedy Chinese? No one? Ah, I thought so. Anyway, plenty more where they came from, ha ha .

Comments are disabled for this post.