We Just Witnessed The Greatest One Day Global Stock Market Loss In World HistoryBy Michael Snyder According toCNBC, the total amount of money lost on global stock markets on Friday surpassed anything that we had ever seen before, and that includes the darkest days of the financial crisis of 2008 Worldwide markets hemorrhaged more than $2 trillion in paper wealth on Friday, according to data from SP Global, the worst on record. For context, that figure eclipsed the whipsaw trading sessions of the 2008 financial crisis, according to SP analyst Howard Silverblatt. The prior one day sell-off record was $1.9 trillion back in September of 2008, Silverblatt noted. According to SPs Broad Market Index, combined market capitalization is currently worth nearly $42 trillion. And of course many of the wealthiest individuals on the planet got absolutely hammered. According toBloomberg, the 400 richest people in the world lost a total of $127.4 billion dollars on Friday The worlds 400 richest people lost $127.4 billion Friday as global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index. The biggest decline belonged to Europes richest person, Amancio Ortega, who lost more than $6 billion, while nine others dropped more than $1 billion, including Bill Gates, Jeff Bezos and Gerald Cavendish Grosvenor, the wealthiest person in the U.K. Could you imagine losing a billion dollars on a single day? I am sure that Bill Gates and Jeff Bezos are not shivering in their boots quite yet, but what if the markets keep on bleeding like they did in 2008? On the other hand, globalist magnate George Soros made a ton of money on Friday because he had positioned himself for a Brexit ahead of time. The following comes fromthe London Independent The billionaire who predicted Brexit would bring about Black Friday and a crisis for the finances of ordinary people appears to have profited hugely from the UKs surprise exit from the EU. George Soros is widely known as the man who broke the Bank of England in 1992, when he bet against the pound and made a reported 1.5bn. Although the exact amount Mr Soros has gained after Brexit is not known, public filings show he doubled his bets earlier this year that stocks would fall. So what will happen on Monday when the markets reopen? Personally, I dont think that it will be as bad as Friday. But I could be wrong. In early trading, Dow futures, SP 500 futures and Nasdaq futuresare all down Dow futures fell by 90 points in early trading, while SP 500 futures slipped 11 points, and NASDAQ futures dipped 24 points. Gold futures rose, in a reflection of sustained demand for safe-haven assets. And at this moment, the British pound is getting absolutely crushed. It is down to 1.33, and I would expect to see it fall a lot lower in the weeks and months to come. Why? Well, the truth is that now that the British people have voted to leave the EU, the globalists have to make it as painful as possible on them in order to send a warning to other nations that may consider leaving. I think that a recent articleby W. Ben Hunt explained this very well Whats next? From a game theory perspective, the EU and ECB need to crush the UK. Its like the Greek debt negotiations it was never about Greece, it was always about sending a signal that dissent and departure will not be tolerated to the countries that matter to the survival of the Eurozone (France, Italy, maybe Spain). Now they (and by they I mean the status quo politicians throughout the EU, not just Germany) are going to send that same signal to the same countries by hurting the UK any way they can, creating a Narrative that its economic death to leave the EU, much less the Eurozone. Its not spite. Its purely rational. Its the smart move. The elite need a crisis now in order to show everyone that globalism is the answer and not the problem. If the British people were allowed to thrive once they walked away, that would only encourage more countries to go down the exact same path. This is something that the elite are determined to avoid. The Brexit vote has barely sunk in, andBank of America and Goldman Sachs are already projecting a recession for the United Kingdom. Sadly, I believe that this is what we will see happen. But it wont just be the British that suffer. On Friday, European banking stocks had their worst day ever. In particular, Deutsche Bank fell an astounding 17.49 percent to an all-time record closing low of 14.72. I have warned repeatedly about the implosion of Deutsche Bank, and this crisis could be the catalyst for it. In addition, I have repeatedly warned about the slow-motion meltdown that is happening in Japan. On Friday, Japanese stocks lost 1286 points, and the yen surgedin the exact opposite direction that the government is trying to send it Tokyo, we have a problem. Last week, market tumult stemming from the U.K.s vote to quit the European Union drove the British pound to its weakest levels in three decades. Yet it also sent investors flocking to traditional safe haven assets like the U.S. dollar, gold and the yen, the latter surging against every major currency as the results of Brexit became clear: Dollar/yen spiked from a Thursday high near 107 to a two-year low near 99. Just like in 2008, there will be days when global markets will be green. When that happens, it will not mean that the crisis is over. If you follow my workclosely, then you know that it is imperative to look at the bigger picture. Over the past 12 months, there have been some very nice market rallies around the world, but investors have still lost trillions of dollars overall. What happens on any one particular day is not the story. Rather, the key is to focus on the long-term trends. And without a doubt, this Brexit vote could bethe tipping point that greatly accelerates our ongoing woes Brexit is the biggest global monetary shock since 2008, said David Beckworth, a scholar at the Mercatus Center at George Mason University, in a blog post on Friday. This could be the tipping point that turns the existing global slowdown of 2016 into a global recession. We were already dealing with a new global economic crisis without the Brexit vote. But what this does is it introduces an element of panic and fear that had been missing up until this current time. And markets do not like panic and fear very much. In general, markets tend to go up when things are calm and predictable, and they tend to go down when chaos reigns. Unfortunately, I believe that we are going to see quite a bit more chaos for the rest of 2016, and the trillions that were lost on Friday may turn out to be just the tip of the iceberg. 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. Soros move something like a 1/4 of his wealth to metal. Big time losses for those who want things to stay the same. Rule-by-rule and regulation-by-regulation we are slowly gradualized and our frog is just about boiled on the way to fascist totalitarianism. The EU is oppressive and unaccountable. When have we seen our government actually account for its performance and its negative effects on us? Boo hoo Wait around, therell be a bigger crash in the next few months. The difference between AP and AP? Two sides to the same coin. Associated Press selfnews Post. Micheal Snyder Nice. real nice. Didnt Jesus warn us of the leaven of Herod? That is government teachings that infiltrate the faith. Does anybody here know how Jim Bakker is connected to the occult leadership of this global dominion? 2 +2 always equals 4. Always! Just sayin peeps. Just sayin 