{"id":10929,"date":"2015-08-12T07:44:07","date_gmt":"2015-08-12T12:44:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10929"},"modified":"2015-08-12T07:44:07","modified_gmt":"2015-08-12T12:44:07","slug":"12-signs-that-an-imminent-global-financial-crash-has-become-even-more-likely","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10929","title":{"rendered":"12 Signs That An Imminent Global Financial Crash Has Become Even More Likely"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/12-signs-that-an-imminent-global-financial-crash-has-become-even-more-likely\" target=\"_blank\">12 Signs That An Imminent Global Financial Crash Has Become Even More Likely<\/a><\/h3>\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/?attachment_id=9102\" rel=\"attachment wp-att-9102\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9102\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2015\/08\/Time-Spinning-Skyline-Public-Domain-460x325.jpg\" alt=\"Time Spinning Skyline - Public Domain\" width=\"460\" height=\"325\" \/><\/a>Did you see what just happened?\u00a0 The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era.\u00a0 This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled.\u00a0 The Dow fell 212 points on Tuesday, and Apple stock plummeted\u00a0<a title=\"another 5 percent\" href=\"http:\/\/www.businessinsider.com\/apple-stock-crashing-2015-8\" target=\"_blank\">another 5 percent<\/a>.\u00a0 As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate.\u00a0 At this point, it is not going to take very much to push us into a full-blown worldwide financial crisis.\u00a0 The following are 12 signs that indicate that a global financial crash has become even more likely after the events of the past few days\u2026<\/p>\n<p><strong>#1<\/strong>\u00a0The devaluation of the yuan on Tuesday took virtually the entire planet by surprise (and not in a good way).\u00a0 The following comes from\u00a0<a title=\"Reuters\" href=\"http:\/\/www.reuters.com\/article\/2015\/08\/11\/us-markets-global-idUSKCN0QG00F20150811\" target=\"_blank\">Reuters<\/a>\u2026<\/p>\n<blockquote><p><span id=\"articleText\"><span class=\"focusParagraph\">China\u2019s 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth.<\/span><\/span><\/p><\/blockquote>\n<p><strong>#2<\/strong>\u00a0One of the big reasons why China devalued the yuan was to try to boost exports.\u00a0 China\u2019s exports declined\u00a0<a title=\"8.3 percent\" href=\"http:\/\/www.cnbc.com\/2015\/08\/11\/markets-fear-more-to-chinas-move.html\" target=\"_blank\">8.3 percent<\/a>\u00a0in July, and global trade overall is falling at a pace that we haven\u2019t seen since the last recession.<\/p>\n<p><span class=\"Apple-style-span\"><strong>#3<\/strong>\u00a0Now that the Chinese have devalued their currency, other nations that rely on exports are indicating\u00a0<a title=\"that they might do the same thing\" href=\"http:\/\/www.zerohedge.com\/news\/2015-08-11\/not-drill-india-russia-and-thailand-prepare-currency-war\" target=\"_blank\">that they might do the same thing<\/a>.\u00a0 If you scan the big financial news sites, it seems like the term \u201ccurrency war\u201d is now being bandied about quite a bit.<\/span><\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p><b>\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>12 Signs That An Imminent Global Financial Crash Has Become Even More Likely Did you see what just happened?\u00a0 The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era.\u00a0 This caused other global currencies to crash relative to the U.S. dollar, the price of oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[130,6941,1099,1098,216,5983,4901,2443],"class_list":["post-10929","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-chinese-stock-market","tag-currency-devaluation","tag-currency-wars","tag-dow","tag-economiccollapseblog","tag-michael-snyder","tag-stock-markets"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10929"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10929\/revisions"}],"predecessor-version":[{"id":10930,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10929\/revisions\/10930"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}