by Michael Snyder, The Economic Collapse Blog:
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…
“You have to look at who are the state actors that have the capability to do this.”
SPEC SHORTS CAUGHT OFF SIDE AS GOLD AND SILVER RALLY BIG TIME: GOLD RISES $29.30 TO $1693.40//SILVER UP A HUGE $1.46 TO $20.53//PLATINUM UP $35.30 TO $902.60//PALLADIUM UP $58.00 TO $2240.40//PREMIUS ON PHYSICAL SILVER RISING TO BETWEEN $9.50 AND $12.00 PER OZ//CREDIT SUISSE LOOKS TO BE IN SERIOUS TROUBLE AS ITS CREDIT DEFAULT SWAPS (A BET ON ITS SURVIVAL) SKYROCKETS//REVOLT BREWING IN ENGLAND AS PROTESTERS BURN THEIR ENERGY BILLS//UK PRIME MINISTER DOES A U TURN AND CANCELS TAX BREAKS//COVID UPDATES: SWEDEN NO LONGER RECOMMENDS VACCINATIONS FOR AGES 12 TO 1//DR MICHAEL HUDSON: A MUST READ ON THE FATE OF GERMANY//PEPE ESCOBAR PROVIDES MORE FUE TO THE STORY THAT IT WAS THE USA THAT BOMBED OUT NORDSTEAM ONE AND TWO//ISM MANUFACTURING (USA) FALTERS LAST MONTH
Europe is facing its worst energy crisis in generations, 
