The media is scrambling for excuses to explain away the stock market cratering event that occurred on August 5.
America woke up to blood-red U.S. markets on Monday after Asian and European markets plummeted hours earlier. We are told that "weak economic data last week" is to blame, as is "Friday's soft U.S. payrolls report" – as if anything that happens with the money system is based on "data" and "reports."
As the markets were plummeting, Joe Biden, who is still said to be president, took to X to brag about how many billions of dollars' worth of student loans he has written off in recent years.
Billionaire stock tycoon Warren Buffett, 93, sold 50 percent of his fund's Apple stock just before Black Monday, though he still reportedly lost $15 billion from his immense fortune due to the crash.
The powers that be (TPTB) are finally using the word recession to describe the situation, though the truth is that things are already far past that stage if you peel back the layers.
(Related: Did you know that Germany is in a death spiral due to its failed "green economic miracle" escapades?)
Wall Street "fear gauge" jumps to highest level since covid
The last time the U.S. stock market saw carnage this dramatic was in early 2020 right when the government was unleashing the Wuhan coronavirus (covid-19) "pandemic."
Stocks plummeted under Donald Trump in early 2020 right before TPTB forced everyone to become a recluse while mandating that the public wear a mask and live in fear. Then came all the "pandemic" measures, which propped the markets right back up and beyond where they started.
The CBOE Volatility Index, also known as VIX, reached its highest level in four years on Monday, the last time it was this high being when TPTB shut down the entire economy due to "covid."
"Since early 2020, the VIX has been stable – never closing above 40," one media outlet reported. "The VIX jumped to a high of 65.73, up about 42 points from its close on Friday."
Joe Tigay, a portfolio manager at the Rational Equity Armor Fund, commented that he felt perplexed at what he saw occur with the markets on Monday.
"This is very, very unusual," he said.
"It was just too long of a period where stocks were going up and there was just the assumption that all they have to do is just wait, and then they'll go higher at some point. At some point that snaps out of reality."
Other financial workers are out there trying to quell fears of a much greater crash to come by encouraging people to scrape up their pennies and "buy the dip," as if the lines will eventually go right back up and beyond like they usually do.
One of the companies that saw its stock plummet on Monday was Google, which lost a major federal antitrust lawsuit. The world now knows that Google used illegal practices to maintain a search engine monopoly in violation of the law.
Conveniently for Wall Street crooks, all major U.S. brokerages went down at the same time in Monday pre-trading, effectively stopping retail investors from selling and taking profits.
"Ironic how companies go 'down' when the markets soar or decline sharply," one person wrote on X about how obvious the scam truly is. "Very telling to how they feel about the people."
"I'm sure the average American will take the hit while the elites just keep rolling."
How much longer will it be before Americans are standing in bread lines spending an entire day's wages on a single loaf? Find out more at Collapse.news.
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