Image Credit: Infowars.com 
The stock market closed sharply into bear market territory on Monday, with the major stock indexes plunging by 3-4% amid inflation and recession fears.
The Dow Jones Industrial Average closed 876 points lower, while the S&P 500 pulled back 20% from its all-time high, marking the steepest 3-day trading decline of 2022.
Meanwhile, major cryptocurrency exchanges like Celsius and Binance froze withdrawal transactions due to “extreme market conditions,” prompting a massive sell-off in the crypto space that resulted in a $500 billion wipeout from the market.
The financial bloodbath has retailer investors reeling from devastating losses across the board, prompting a cascade of memes reflecting the market chaos and chagrin of traders.
*S&P 500 CLOSES DOWN 22% FROM RECORD HIGH, ENTERS BEAR MARKET pic.twitter.com/2kcuX7h2XE
— zerohedge (@zerohedge) June 13, 2022
Everyone’s situation today in #stockmarketcrash
#StockMarket #Nasdaq #Cryptocrash pic.twitter.com/VHdqe8Dzl4
— Haritha23 (@haritha23) June 13, 2022
#Cryptocrash
Waiting for the next bull run like. Come on dude.. do somethingpic.twitter.com/PCCSLUfFYl
— Kamo_Duiker (@Kamo_Duiker) June 12, 2022
#LetsGoBrandon pic.twitter.com/nNt9JjuKnu
— Prison Mitch (@MidnightMitch) June 13, 2022
We did it, Joe #stockmarketcrash pic.twitter.com/V0DoLCE2mF
— Edward (@edwardrussl) June 13, 2022
Looking at portfolio today be like
#stockmarketcrash pic.twitter.com/8EflSxtIe3
— Leo Messi (@AudreyCarrie4) June 13, 2022
Crypto at free fall. Buy or Bye ?#Cryptocrash #CryptoMarket #BitcoinCrash pic.twitter.com/Ct5wBSxaOP
— Antonis S (@scannergr1) June 13, 2022
Guys, I can't do it anymore. #stockmarketcrash pic.twitter.com/On9FuEsotb
— Samurai (@SamuraiFC_) June 13, 2022
Get ready boys, it’s Papa Powell’s week
#stockmarketcrash #StockMarket #Nifty #Cryptocrash pic.twitter.com/bYMXmlwrjm
— Igor (@igor_pavlov_) June 13, 2022
#OptionsTrading #StockMarketindia #stockmarketcrash
Actuallypic.twitter.com/63qI3oNFwo
— Muskan (@_Muskan_rai) June 9, 2022
yep sums it all #recession #inflation #Crypto #stockmarketcrash pic.twitter.com/49VVzGmXI6
— $hit_Coin_Queen
(@FicoJennfier) June 13, 2022
How it started How it's going pic.twitter.com/dqLSYK56z7
— Degen Analyst (@SchillerSmith) June 13, 2022
me rn
#Cryptocrash pic.twitter.com/9L7KoLakig
— Rasfidariiansyah (@Rasfidariansyah) June 13, 2022
As a #meme maker and #StockMarket enthusiast, I agree.
pic.twitter.com/Io23BVMJnf
— Vishu Kartik (@kartikvishu) June 12, 2022
Good one
#Cryptocrash #Bitcoin #BTC #CryptocurrencyNews pic.twitter.com/eiaJUwVgpI
— Minahil Tehreem (@MinahilTehreem) June 13, 2022
#Cryptocrash road to the moon pic.twitter.com/uwVCm2a9MM
— Clt Bd (@BerryLibre) June 12, 2022
100% all in #Cryptocrash pic.twitter.com/GFci9lewBQ
— RΞBUKΞ (@gamerrebuke) June 13, 2022
Crypto markets today. pic.twitter.com/eiqlQfmDJl
— Inmortal (@inmortalcrypto) June 13, 2022
Or buy more dip#Cryptocrash pic.twitter.com/AECuFZkARU
— Non-Fungible Talking (@sjSoulute) June 13, 2022
I was told there would be lambos
#Cryptocrash #cryptocurrency #BitcoinCrash pic.twitter.com/AL5JVZFrA2
— Mask AI | maskai.eth (@MaskAI_NFT) June 12, 2022
Astronout against their dream #Cryptocrash pic.twitter.com/FAvPKtozfX
— Your Nightbot (@yournightbot10) June 13, 2022
Rough times
Me buying one last dip#Cryptocrash #StockMarketCrash pic.twitter.com/UEkGHPoX71— Satyam Reddy (@SatyamR98748624) June 13, 2022
It was an honour guys
Tag your #Crypto partners
#Cryptocrash #CryptoMarket #buythedip #Bitcoin pic.twitter.com/W9rBnhZ0C6
— Debashish Talukdar (@therealtalukdar) June 13, 2022
No kidding lol#Crypto #Cryptos #cryptocurrency #Bitcoin #Cryptocrash #stockmarketcrash #StockMarket pic.twitter.com/zUftPgZmnM
— Josh (@JoshAnd20147162) June 12, 2022
#Cryptocrash somehow bitcoin will return pic.twitter.com/zq7hAfyIHc
— Clt Bd (@BerryLibre) June 12, 2022
These buy the dip memes got me dying
— CTRL2XY
(@Control2XY) June 11, 2022
Entire Market Right Now..#trading #stockmarketcrash #Cryptocrash #banknifty #Nifty pic.twitter.com/2nrxZUauTy
— Rajat Ajmera (@traderrajat) June 13, 2022
This is what a metaverse billionaire looks like. #Cryptocrash pic.twitter.com/1BA8LadHPF
— Cringe Panda (@StarringAstra) June 13, 2022
Get ready for a bloody market with this crypto dump #Cryptocrash pic.twitter.com/bm6kP5Swt1
— Sh8dyGr8dy
(@Sh8dyGr8dy) June 12, 2022
Done with this crypto shit.#BitcoinCrash#Cryptocrash pic.twitter.com/3t8cLQhdL5
— Hamz Zee
(@hamzee13) June 12, 2022
I heard there is panic out there
If you're selling or trying to SELL SPOT #Bitcoin today.
You Are Doing It Wrong
Surrender to fear during a #BitcoinCrash will lead you to deep regrets
Don't let your emotions make decisions
#cryptocrash pic.twitter.com/WOxOrXKsMw— ₿ ᵠ (@The_French_Bull) June 13, 2022
Sir, this is a circus-casino. #Cryptocrash #marketcrash pic.twitter.com/8vagxgTXtt
— Killzenth
(@Killzenth) June 13, 2022
Crypto investing 2020 vs. 2022#Cryptocrash pic.twitter.com/qSBTjNAnHh
— The Maverick of Wall Street (@TheMaverickWS) June 13, 2022
#stockmarketcrash The Simpsons had it right again! #FJB pic.twitter.com/vcJ8y1tebW
— FredWimpy (@FredWimpy) June 13, 2022
mood #bearmarket #Cryptocrash pic.twitter.com/eV6i3LjsNk
— maythous (@maythous) June 12, 2022
The Federal Reserve is set to meet this week, with investors bracing for a possible rate hike of 0.75%, a laughably inadequate figure given inflation has been running hot at 8.6%, according to the heavily-skewed Consumer Price Index.
Economists like Peter Schiff point out that if the Federal Reserve had the political fortitude to properly address inflation, it would need to raise interest rates by a much higher margin (coupled with a reduction of government spending), which would unfortunately pop the economic bubble created by easy money policies over the last decade.
But since that likely won’t happen, inflation is here to stay and even accelerate.