Over the past 12 months, stock market investors around the planet have lost trillions of dollars. The charts that you are about to see are absolutely stunning, and they are clear evidence that a new global financial crisis has already begun. Of course it is true that we are still in the early chapters of this new crisis and that there is much, much more damage to be done, but let us not minimize the carnage that we have already witnessed.

In general, there have been three major waves of financial panic over the past 12 months. Not all areas around the globe have been affected equally by each wave, but without a doubt this new financial crisis is a global phenomenon. The charts that I am about to show you come from Trading Economics.

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It is an absolutely indispensable website that is packed full of useful data, and I encourage everyone to check it out. The Chinese economy is the second largest on the entire planet, and since this time last year Chinese stocks are down an astounding 40 percent …. As things have started to unravel in China, the Chinese have been selling off U. Japan has the third largest economy in the world, and over the past year Japanese stocks are down a total of 26 percent from the peak….

Personally, I have been extremely alarmed by what has been happening in Japan lately. Japanese stocks were down almost points last night, and overall the Nikkei is down a whopping 1, points so far in June.

Of course the Japanese economy as a whole is essentially a basket case at this point. Germany has the fourth largest economy in the world, and over the past year their stocks have fallen 19 percent from the peak of the market…. The key thing to watch for in Germany are serious troubles at their biggest bank.

I wrote a long article about the slow-motion implosion of Deutsche Bank last month , and just this week Deutsche Bank stock hit an all-time low. The fifth largest economy on the planet belongs to the United Kingdom, and since last June their stocks have fallen about 13 percent ….

France has the sixth largest economy in the world, and over the past year French stocks are down 20 percent from the peak of the market…. The French economy is really struggling these days, and we have not heard much about it in the U.

The seventh largest economy on our planet belongs to India. Even though India is facing some very serious economic problems, their stocks are doing okay for the moment. Even though stocks in India are down over the past 12 months, we have not seen a major financial crisis over there just yet. But there is definitely a major crisis in the eighth largest economy in the world. Italian stocks are down a staggering 32 percent from the peak of the market. That means approximately a third of all stock market wealth in Italy is already gone….

Earlier this year, I wrote about the horrifying collapse of the Italian banking system that has greatly accelerated since the start of It looks like virtually all of their big banks will ultimately need to be bailed out, and this threatens to become a far bigger crisis than the crisis in Greece ever was. And let us not leave off the ninth largest economy in the world. Economic collapse worse than feared.

Meanwhile, the underlying numbers for the U. Hopefully this article will clear a lot of things up. In this piece, I have presented undeniable evidence that a new global financial crisis has begun over the past 12 months. We have not seen global stock declines of this nature since the great financial crisis of , but much worse is still to come.

Stock-market crash of The countdown begins - MarketWatch

It would be wonderful if the worst was now behind us and good times for the global financial system were ahead. Michael Snyder is the founder and publisher of The Economic Collapse Blog. Plus, we identify the best opportunities to thrive.

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