Post Reply - Economic collapse

As this article publishes it is 7:27 AM eastern US Time (GMT -0400) and Dow Jones Industrial Average FUTURES begin trading at 9:00 PM tonight.   This will give us the "Heads-up" as to whether or not tomorrow will be a "Black Monday" and see the markets go "off a cliff."

As everyone must be keenly aware by now, Markets suffered what appeared to be a "controlled demolition" last Thursday and Friday.  About $6 Trillion in value was literally wiped-out within hours on those two days.

Stock values slid so significantly, that Banks began making large "Margin Calls:" to Hedge Funds because loans to those Hedge Funds had been collateralized by stocks, the values of which were no longer covering the collateral requirements.

When margin calls are issued, they can create a vicious feedback loop as selling stocks to meet the Margin Call can push prices down more.

Many now fear a repeat of the devastating 'Black Monday' from October 19, 1987, when the Dow Jones Industrial Average plummeted by 22.6 percent, the largest one-day percentage drop in history.

If Monday is a Bloodbath like Friday, then I believe that the house of cards that is the Global Economy will be officially crumbling.

Friday night, I reported these Margin Calls and suggested to readers they go to the bank on Saturday and get cash.  Not to pay bills, but to survive.   If everything goes haywire, credit and debit cards may be shut off and those who have cash will be able to buy food, fuel and medicines until the markets calm down and things get restored.  Those who rely on plastic cards to live, may not be able to get anything at all!

Today, Sunday, the banks are closed (as usual here in the USA), although ATM's are functioning - but you can usually only get a maximum of $1,000 from an ATM in a single calendar day.  So If you didn't read that article (HERE), and didn't know to get cash, you can still get some from an ATM today.

That article also told folks to top-off their "emergency preps" of food, water, medicine, fuel.  You can still do those things TODAY.   I think you would be well advised to do so.