Financial Markets Collapse As Reality Of World Situation Can No Longer Be Ignored

August 5, 2024

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This story is developing and CDM will have reports throughout the day...

Financial markets across most asset classes collapsed in value this morning as the realization of global conditions engineered by the globalistas finally forced its way into the mindset of traders across the planet.

The music has stopped.

Finally.

Global war, the collapse of the Bretton-Woods financial system that was created after WWII then destroyed by Davos and their political minions, and a looming severe recession or worse can no longer be ignored.

Even crypto participated in the revaluation with reality as BTC broke below $50,000 for the first time in a long time.

The irony is the collapse is happening right before the November election, a perfect end to the Biden presidency*, that was illegitimate in the first place.

As someone who has seen many bear markets in my lifetime, and who has written books and warned against this development, my sense is we are just getting started.

This is going to get a lot worse before it gets better.

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Author

L Todd Wood

L Todd Wood, a graduate of the U.S. Air Force Academy, flew special operations helicopters supporting SEAL Team 6, Delta Force and others. After leaving the military, he pursued his other passion, finance, spending 18 years on Wall Street trading emerging market debt, and later, writing. The first of his many thrillers is "Currency." Todd has been a national security columnist for The Washington Times and contributed to One American News, Fox Business, Newsmax TV, Moscow Times, Novaya Vremya (Ukraine), the New York Post, National Review, the Jerusalem Post, Zero Hedge and others. He is also founder/publisher of CDM. For more information about L. Todd Wood, visit LToddWood.com.