Miles Guo said in his Grand Live Broadcast on May 13th that the fundamental reasons behind the collapse of the stock, bond and cryptocurrency markets are the Chinese Communist Party(CCP) and the Russia-Ukraine war.
The CCP had anticipated the extreme economic sanctions imposed by the U.S. over its planned invasion on Taiwan, so it preemptively started selling off huge amounts of stocks and transferring its assets. At the same time, the CCP has prepared for an accelerated collapse of the domestic real estate and stock markets. Assets such as financial instruments, securities and cryptocurrencies, hidden in Shanghai Lujiazui International Financial Asset Exchange Co., Ltd.,(LUFAX) are being cashed out and run away.
CCP’s malicious sell-out and transfer of assets caused the collapse of the Western financial system thus leading to the total collapse of the global markets, including the collapse of the Russian market.