Globalism is destroyed

 It no longer exists.

It is done, it is finished, it is dead. 

WEF is gone. Davos is gone.

Klaus Schwab is gone.

Sustainable development goals are gone.

Multinationals are gone. Tax havens are gone.

The world as we knew it is gone.

Now it is dead, its corpse is in front of us.

The market of big financial institutions and neoliberal actors all across the globe are trying to mentally process their loss and the fact that they themselves are dead : denial, bargaining, anger, depression.

China Levies Economic WAR Against U.S.; Brings Global Payment System Online Bypassing SWIFT - Settling OIL Sales without Dollars

 April 07, 2025 

In China, over 2,000 mainland-listed companies have hit limit down, and China’s most active CSI 1000 stock index futures is now down 10%, hitting limit down.  China has opened actual economic WAR in retaliation!

CHINA LAUNCHES GLOBAL DIGITAL PAYMENT NETWORK BYPASSING SWIFT

The People's Bank of China just connected its digital RMB to 10 ASEAN and 6 Middle Eastern nations, covering *38% of global trade*.

This bypasses SWIFT and the US dollar entirely.
Payments now clear in 7 seconds, not 3-5 days.
Fees slashed by 98%.

Middle Eastern energy traders are in.

ASEAN’s RMB trade hit 5.8 trillion yuan. Thailand settled oil in digital RMB.

While the US debates if digital currency is a threat, China has already built a global network across 200 countries.

This isn’t just payments. It’s a Digital Silk Road. It’s de-dollarization in action. And it’s happening NOW.

GLOBAL BLOODBATH!

$6.4 TRILLION wiped from global economy in just the last 12 hours!

Hong Kong led the losses with a 13.2% drop — its worst day since 1997!

Taiwan stocks plunged 9.7%, setting a new anti-record, while Singapore’s shares fell 7.7% — its steepest decline in over 16 years!

 CIRCUIT BREAKERS TRIGGERED IN JAPAN (Nikkei and TOPIX) and in Taiwan; China Stocks Open down 10%

 April 07, 2025 

It's a Bloodbath on Stock Markets around the world this Monday morning.  As of 6:49 AM eastern US time, "Circuit Breakers" have been tripped in Japan and in Taiwan.  The China Stock Market Opened with a 9.8% plunge.

In Japan, two separate indices, the Nikkei 225 and the TOPIX, had trading halted by Circuit Breakers for "limit down."

In Taiwan, the market plunged ~9% triggering it's Circuit Breaker for "limit down" as TSMC and FOXCONN both plunged.

Hong Kong is down nine percent (9%) and the ASX 200 Australian Index is down 6.4%.

In Europe, the big news is GERMANY'S DAX INDEX FALLS 10%; RHEINMETALL DROPS 27%.

German stocks down 10%.

 French stocks down 6.5%.

UK stocks down 6%.

CHINA MOVES AGAINST THE U.S.

Over 2,000 mainland-listed companies have hit limit down in China, and China’s most active CSI 1000 stock index futures is now down 10%, hitting limit down.

LAUNCHES GLOBAL DIGITAL PAYMENT NETWORK BYPASSING SWIFT

The People's Bank of China just connected its digital RMB to 10 ASEAN and 6 Middle Eastern nations, covering *38% of global trade*.

This bypasses SWIFT and the US dollar entirely.
Payments now clear in 7 seconds, not 3-5 days.
Fees slashed by 98%.

Middle Eastern energy traders are in.

ASEAN’s RMB trade hit 5.8 trillion yuan. Thailand settled oil in digital RMB.

While the US debates if digital currency is a threat, China has already built a global network across 200 countries.

This isn’t just payments. It’s a Digital Silk Road. It’s de-dollarization in action. And it’s happening NOW.

Here in the U.S., market futures opened and dropped, with the Dow falling between 3% and 5% before recovering hours later to -2%.  The NASDAQ and the S&P-500 also saw similar trading, dropping between 5 and 6% before recovering to -3%.  

Regular trading opens here in the USA at 9:30 AM eastern time.

JP Morgan is now publicly saying the Federal Reserve may have to cut interest rates earlier and farther than it may have previously thought.

UPDATE:  In the time it has taken me to write this story, the Hang Seng Index is now down TWENTY PERCENT:

More as today goes on.  Check back later for updates.

UPDATE 7:54 AM EDT --

Korea Exchange activates sidecar trading curb on KOSPI

The Korea Stock Exchange Circuit Breaker has been tripped.  What they call "Sidecar trading" which is PROGRAMMED TRADING, has been temporarily suspended because the Korea Market is now down 12%.

Futures  Bloodbath everywhere!

 April 06, 2025

Stock Market "Futures" have begun trading as of 6:00 PM eastern US time Sunday night.  17 minutes into trading and the Dow is already down over 1400 points from its Friday close.

If this keeps up, it looks as though trading on markets tomorrow will be a BLOODBATH.

UPDATE 7:25 PM EDT --

UPDATE 8:01 PM EDT --

Circuit breakers have been triggered in Japan's Nikkei 225 and TOPIX stock market indices.  Trading is now temporarily halted because losses have been so severe.

Nikkei Stock Average Plummets 8.5%; Lowest Since Oct 2023

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