22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The BeginningBy Michael Snyder I am about to share some numbers with you that are truly eye-popping. Each one by itself would be reason for concern, but when you put all of the pieces together it creates a picture that is hard to deny. The global economy is in crisis, and this is going to have very serious implications for the financial markets moving forward. U.S. stocks just had their worst January in seven years, and if I am right much worse is still yet to come this year. The following are 22 signs that the global economic turmoil that we have seen so far in 2016 is just the beginning 1. The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray Christmas. 2. The Baltic Dry Index just hit yet another brand new all-time record low. As I write this article, it is sitting at 303. 3. U.S. factory orders have now dropped for 14 months in a row. 4. In the U.S., the Restaurant Performance Index just fell to the lowest level that we have seen since 2008. 5. In January, orders for class 8 trucks (the big trucks that you see shipping stuff around the country on our highways) declined a whopping 48 percent from a year ago. 6. Rail traffic is also slowing down substantially. In Colorado, there are hundreds of train engines that are just sitting on the tracks with nothing to do. 7. Corporate profit margins peaked during the third quarter of 2014 and have been declining steadily since then. This usually happens when we are heading into a recession. 8. A series of extremely disappointing corporate quarterly reports is sending stock after stock plummeting. Here is a summary from Zero Hedge of a few examples that we have just witnessed 9. Junk bonds continue to crash on Wall Street. On Monday, JNK was down to 32.60 and HYG was down to 77.99. 10. On Thursday, a major British news source publicly named five large European banks that are considered to be in very serious danger Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among the stocks that are falling sharply sending shockwaves through the financial world, according to former hedge fund manager and ex Goldman Sachs employee Raoul Pal. 11. Deutsche Bank is the biggest bank in Germany and it has more exposure to derivatives than any other bank in the world. Unfortunately, Deutsche Bank credit default swaps are now telling us that there is deep turmoil at the bank and that a complete implosion may be imminent. 12. Last week, we learned that Deutsche Bank had lost a staggering 6.8 billion euros in 2015. If you will recall, I warned about massive problems at Deutsche Bank all the way back in September. The most important bank in Germany is exceedingly troubled, and it could end up being for the EU what Lehman Brothers was for the United States. 13. Credit Suisse just announced that it will be eliminating 4,000 jobs. 14. Royal Dutch Shell has announced that it is going to be eliminating 10,000 jobs. 15. Caterpillar has announced that it will be closing 5 plants and getting rid of 670 workers. 16. Yahoo has announced that it is going to be getting rid of 15 percent of its total workforce. 17. Johnson Johnson has announced that it is slashing its workforce by 3,000 jobs. 18. Sprint just laid off8 percent of its workforce and GoPro is letting go 7 percent of its workers. 19. All over America, retail stores are shutting down at a staggering pace. The following list comes from one of my previous articles 20. According to The New York Times, the Chinese economy is facing a mountain of bad loans that could exceed $5 trillion. 21. Japan has implemented a negative interest rate program in a desperate attempt to try to get banks to make more loans. 22. The global economy desperately needs the price of oil to go back up, but Morgan Stanley says that we will not see $80 oil again until 2018. It is not difficult to see where the numbers are trending. Last week, I told my wife that I thought that Marco Rubio was going to do better than expected in Iowa. How did I come to that conclusion? It was simply based on how his poll numbers were trending. And when you look at where global economic numbers are trending, they tell us that 2016 is going to be a year that is going to get progressively worse as it goes along. So many of the exact same things that we saw happen in 2008 are happening again right now, and you would have to be blind not to see it. Hopefully I am wrong about what is coming in our immediate future, because millions upon millions of Americans are not prepared for what is ahead, and most of them are going to get absolutely blindsided by the coming crisis. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here. Just remember when they run to their well stocked lair they plan to come out and rule whoever is left. This is the dream we want them to have. They are not coming out. Cement and a few other ingredient make a wonderful wall to prevent exit from bunkers. I hope they enjoy evolving into underground dwellers, if they survive. The arrogance necessary to think they would actually get away with all the crap they have done is staggering. Well take a deep breath and rest up we will have work to do soon it will the best, most useful work we have ever done in our lives. 