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…
It’s been a tough year for investors, with global stock and bond markets erasing $46.1 trillion in market value since November 2021, according to Bank of America.
The massive drawdown has led to forced liquidations on Wall Street, the bank’s chief investment strategist Michael Hartnett said in a Friday note, highlighting the recent break below 2018 support in the NYSE Composite Index.
When I first came across that number I could hardly believe it.
But it is accurate.
Stocks have been falling and falling and falling, and Bank of America is warning that this is one of the worst global bond market crashes that we have ever seen…
Analysts at BofA liken it to going “Cold Turkey” and blame it for causing the third “Great Bond Bear Market.”
They calculate the 20% plus losses suffered by government debt investors over the last year are now a par with the post World War I and II years of 1920 and 1949, and the Great Depression rout of 1931.
The combined collapse in global stock and bond markets means global market capitalisation has been slashed by over $46 trillion.
That is an amount of money that is difficult to comprehend.
The total value of all goods and services produced in the United States last year was approximately 23 trillion dollars.
So we are talking about an amount of money that is roughly twice as large as our GDP for an entire year.
When the Federal Reserve and other central banks around the world took the punch bowl away, it was obvious that something like this would happen.
Central bank intervention pushed global financial markets to absolutely absurd levels, and there was no way that they could remain there once the artificial support was removed.
Here in the United States, all of the major stock indexes have fallen for three quarters in a row, and tech stocks have been leading the way down…
The S&P 500 Index closed on Friday at 3,586, down 25.6% from its intraday high on January 3, and where it had first been in November 2020.
The Russell 2000, which tracks small-cap stocks, is down 31.8% from its high on November 5, having thereby maintained its function as early warning signal.
The Nasdaq closed at 10,576, down 34.8% from its intraday high on November 22, the very day Microsoft CEO Satya Nadella dumped 50.2% of his Microsoft stock in a bunch of frenzied trades, totaling $285 million. On the list of best-timed insider trades ever, he must be at the very top. Since then, Microsoft shares have plunged 33.4%, to $232.90, the lowest closing price since March 2021.
As I discussed a few days ago, the wealthiest tech tycoons have collectively lost 315 billion dollars over the past year.
Ouch.
The Federal Reserve giveth and the Federal Reserve taketh away.
The same thing is true for the housing market. Fed policies created the largest housing bubble in our history, but now that bubble is bursting.
In fact, it is being reported that we just witnessed “the largest single-month price declines” since the last financial crisis…
… today Black Knight confirmed that the US housing market has turned decidedly ugly with the two biggest monthly declines since the global financial crisis.
According to a Monday report from mortgage-data provider, median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July.
The two periods marked the largest monthly declines since January 2009. In fact, at the current pace of declines, we may soon see a record drop in home prices, surpassing the largest historical slide hit during the global financial crisis.
The report noted that July and August 2022 mark the largest single-month price declines seen since January 2009 and rank among the eight largest on record.
If the Federal Reserve does not reduce rates, things will soon get really, really ugly for the housing market.
Unfortunately, the Fed is actually going to keep raising rates because Fed officials are scared to death of the raging inflation crisis that they originally helped to create.
Thanks to the Fed, grocery prices were up 13.5 percent in August…
We’ve seen the higher prices at the grocery store, and it looks like they won’t be coming down anytime soon.
New government data shows grocery prices climbed 13.5% in August from the year before. That’s the highest annual increase since March 1979.
Food producers say the surge is a result of paying higher prices for labor and packaging materials. They also point to extreme weather, disease and supply issues.
As long as we keep seeing numbers like that, the Fed is going to keep raising rates.
And the price of gasoline just hit another all-time record high in Los Angeles…
Gas prices hit a record high in Los Angeles County of $6.466 per gallon on Monday morning, soaring past the previous record set during the nationwide price surge this past spring.
If you think that is bad, just wait until California residents are paying 10 dollars a gallon for gasoline.
The cost of living has become incredibly oppressive, and one recent survey found that 73 percent of Americans believe that their incomes are “falling behind inflation”…
Scott Rasmussen’s Number of the Day survey results on Ballotpedia also found that 73% of Americans say that over the past year, their income has been falling behind inflation. The survey’s sample size was 1,200 registered voters, and it was conducted online by pollster Scott Rasmussen on Sept. 15-17. The margin of error for the full sample is +/- 2.8 percentage points.
Until inflation is under control, the Fed is going to keep raising rates.
And inflation is not likely to be under control any time soon, because the vast majority of U.S. manufacturers are planning more price increases in 2023…
In a new Forbes/Xometry/John Zogby Strategies survey shared with Secrets about the impact of inflation and the continued supply chain crisis under President Biden, 87% of manufacturing CEOs said they planned to increase prices in 2023.
Many cited the ongoing supply chain crisis, problems getting materials from China, and sellers taking advantage of the economic mess to jack up prices.
“Our margins are under pressure as costs creep up throughout the supply-chain network,” one CEO told the poll conducted by Jeremy Zogby, the managing partner of John Zogby Strategies.
So the Federal Reserve will not be riding to the rescue of the financial markets this time around.
Fed officials are absolutely petrified of high inflation, and so rates will continue to go up.
And that means that this financial bubble will continue to implode. As Eric Peters has aptly noted, market crashes can take a long time to fully play out…
“It’s important to remember that the bursting of a bubble takes a long time to play out. It may feel fast and chaotic at various points in the process, but it isn’t really. Look at 2008. Everyone thinks of Lehman’s Bankruptcy on September 15, 2008, as the big catalyst for that crisis, but the S&P 500 had peaked the previous November. Bear Sterns failed on March 13th, 2008. From the Friday before Lehman’s bankruptcy to the end of that month, the S&P was only down 7%. The real weakness was in October with a local low in November.”
The final bottom wasn’t until March of the next year. “The bubble was bursting before Lehman Brothers.” That was just the large cathartic event that caught our attention, ignited our imagination. “And even after that it took months for the market to bottom. Markets don’t clear imbalances instantaneously. So we should be preparing ourselves for a marathon, not a sprint.”
We are still only in the very early chapters of this story.
As I have been relentlessly warning my readers, things are going to eventually get really, really bad.
The Federal Reserve and other central banks flooded the global financial system with money, and so now we are facing a horrific worldwide inflation crisis.
They are attempting to fix things by rapidly raising rates, but that is causing absolutely enormous problems for global financial markets.
This isn’t going to end well, and we have finally gotten to a point where this should be exceedingly obvious to everyone.
***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com. In addition to my new book I have written five other books that are available on Amazon.com including “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible.
I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.
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Article cross-posted from The Economic Collapse Blog.
Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.
The money wasn’t lost; it was stolen.
It went somewhere.