The Reality Of A Massive Market Crash: “I Have Lost Everything… I Don’t Know What To Do… I Trusted the Government Too Much…”

Wednesday, July 29, 2015
By Paul Martin

Mac Slavo
July 29th, 2015
SHTFplan.com

In April of this year, as Chinese stock markets rocketed to new all-time highs and the country’s speculators joined online brokerage firms by the millions, we learned that everyone, from farmers to banana stand workers, was joining the fray. It was different this time, of course, because infinite growth was guaranteed by the government, so there was no risk, only profit.

It was then that we shared the following picture of the modern-day shoeshine boy, noting at the time that it was the only thing you needed to see to know it was time to get out of stocks:

Markets continued to rise over the following weeks and warnings from alternative financial media analysts went unheeded. In fact, so convinced were the Chinese that the stock market was the new road to riches that over 10 million people opened trading accounts in the first half of 2015.

But their rags-to-riches success stories were not to be.

Within three months we have seen the reality behind the meteoric rise in global equities as prices collapse under the weight of heavy leverage and insane speculation.

And the reality is stark. What’s worse, it will soon make its way to Western exchanges where millions of investors, pensioners and average Americans will witness what millions in China are living through today.

It won’t be pretty:

What a difference a month makes: back in June, Chinese farmers could barely wait long enough to open one (or more) brokerage accounts and leave the pig herd for good, filled with dreams of getting filthy rich and early retirement happy endings; farmers who said on the record that “it’s a lot easier to make money from stocks than farmwork.”

Alas, like with every rigged market (which in the New Normal is every market), dreams always turn into nightmares for the participants, and as we documented earlier, the same farmers who were giddy with delight a month ago realized that there is no such thing as a guaranteed “get rich quick” scheme, and the full extent of their naive stupidity:

“I have lost everything. I don’t know what to do… I trusted the government too much…” he exclaims, adding “I won’t touch stocks again, I have ruined everyone in my family.”

The Rest…HERE

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