Global financial markets are rapidly losing ground. Stock indices, stocks, gold and silver, as well as cryptocurrencies fall due to global tensions and the bursting of the artificial intelligence bubble: - Stock indices in the US, Japan, South Korea, Turkey, China and Taiwan are down $1.7 trillion. - Gold and silver are down $1 trillion. - The crypto market lost about $140 billion after the Binance hack. - European stocks lost about 58 billion Euro from Greece per day. The technology sector was particularly affected, falling by 2.75%. - The total losses in the market value of the assets are approaching 3 trillion dollars in just one day. The reason for the synchronous collapse is related to the panic before the US mid-term elections and fear of a new military conflict between the US and Iran, as well as the overestimation of the artificial intelligence market.