👉2020: The Year the FED bought America !!

👉2020: The Year the FED bought America !!












The Fed Announced today that they will keep the Fractional flow reserve ,FFR, between 0.00 and 0.25% , and that they will also increase their purchases of Treasuries and Mortgage Backed Securities.The Fed puts an $18 trillion U.S. government bond market under lockdown. With bond yields at record lows, the dollar tumbling, and gold at record highs, one side of the market is screaming that The Fed is entirely out of control while stocks remain near record highs, increasingly echoing the early days of Venezuela's or Zimbabwe's epic stock rallies. The Fed is counterfeiting trillions of dollars. The government has created mass unemployment and is spending way beyond what it takes from us in taxes. While the livelihoods of the American citizens are destroyed, the government refuses to shrink. More promises that can't be kept are being made. The US Government creates money at will. No bonds, bills, taxes, or budgets needed. The entire house of cards that defines the U.S. economy rests on the foundation of the dollar's reserve currency status. Lose that, and the economy topples. In the face of record-high employment years after the end of the great recession, the Fed's worship of Wall Street kept them engaging in massive borrowing and kept the system awash in artificially cheap money. Meanwhile, Mom and Pop retiree ate their seed corn because they could not earn interest on their money, as zombie companies were propped up. Now the Fed has no choice but to keep rates low but has no ammo to make a meaningful rate cut that would help us weather this storm. The Fed's action has destroyed price discovery, creative destruction, and free markets in general. With revenues massively down and stratospheric private and the public debt, we will have to raise taxes at the worst possible time. Oh well, at least we had that tax cut for the ridiculously rich, which did not trickle-down. Extreme government debt is why the Fed, even before Covid-19, has worked hard to keep interest rates low, thus hurting savers who don't want to be in the stock market. If interest rates were back to historically normal 4-5% levels, that would add roughly one trillion dollars more in government spending and borrowing every year. The government would have trouble due to increased risk of default, paying back its loans, and/or getting its bonds sold, further raising the interest rates and debt needed to attract Treasury bond buyers. That's how governments and economies eventually collapse, ruining everyone's finances and destroying millions of jobs. Spending has to decrease substantially to prevent this future outcome. Start by eliminating all 2,300 Federal subsidies, deliberately hidden in many Federal departmental budgets and not detailed in its own individual departmental budget as it should be, so that you and I cannot see this fiasco of unnecessary government spending which is estimated to be about a trillion dollars a year. This is how to reduce Federal Spending. Eliminate all 2,300 federal government subsidies (1 Trillion Dollars annual cost). Combine Medicare, Medicaid, and Senior prescription drugs into one Federal Department. 535 Congressman and senators don't need their individual huge staffs to repeat the work of each member 535 times. They get small staffs and a small pool of workers for each political party to share their work results with all their party members. We sell the 14,000 government buildings not being used. We toughen Social Security Disability requirements, especially for reasons of stress. Since Medicare fraud is estimated to range from 10-25% (or hundreds of billions of dollars per year), while private insurance fraud is less than 1%. Fire the government workers, and instead hire insurance companies as third party providers to administer Medicare and Medicaid. Government agencies that are responsible for Social Security or any form of welfare/subsidy must operate within administrative costs of no more than 5% of their total budget (same as a good charity). Trump, just like Obama, only bailed the big business out. It looks like the swamp got him too. If economic recovery is what you want, you would put checks in the mailbox of Americans a step back and watch it move. The form follows function. They are killing the little guy and have no doubt if it's happening, it not an accident. Big business and government, they own it all. I don't trust the motives of the federal reserve. I don't believe they are there to help us. I believe they are there to help themselves and help their international banking masters take control of the whole financial system. But in order to do that, they must destroy the US dollar and force us all to accept their long desired, one world currency, owned and controlled by them. So are they there to help us, or pretending to help us with all this free money? With the true motives being to flood the world with US dollars, thus making them as valuable as toilet paper? I believe they are up to no good. Why else do they operate in absolute secrecy? No one thinks any government handout will not come with heavy penalties, do they? I’m expecting that the $1,200 per person, the extra $600 per week unemployment, etc. will be either counted against any refund due or will be added to 2020 income per the IRS. Same with those PPP loans. Some unexpected tax ramifications next year. Stocks markets always decline from bubble valuations. Every single time in history. The only time where the stock market goes up despite bubbles and valuations forever, is called hyperinflation, such as Venezuela, zimbabwe. Bonds yields going down. Gold going up and outperforming stocks. But day traders are focused on overvalued stocks instead of undervalued gold mining stocks. This is a recipe for doom. Owning stocks that go down fundamentally in an economic depression versus owning assets that actually go up in a depression. It's unrealistic to think Stocks should go up 100 - 500 points a day. Besides the Higher, it goes the higher stock prices are, & you can't keep buying more & more of increasingly expensive stock. Gold is starting its engines and heading to record highs. Are the ideas of omnipotent government and central planning finally on their way out? Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. To say things are messed up is an understatement. Most small businesses that make America great will get no help from Uncle Sam. As the economy looks at trying to reopen, Washington will turn its attention elsewhere. It will no be about state governments that are broke and helping the unemployed. Our economy is caught somewhere in the Twilight-Zone, a place that exists for moments but where wrong decisions often lead to madness. The truth is we will not know where we are until we reach the other side. It is uncertain when that will be but do not expect the economy to land on its feet. While it may not be as bad as many hyped-up doom-porn forecasters predict, it will be painful. Both sides loot the taxpayers, and all their friends get money. Sadly, most don’t get that; they think it’s just the other side. Like there’s more than one in Washington. I believe one morning, when I wake up and check the headlines, it will say that all of the banks worldwide have shut their doors. Not only will the banks have shut their doors, but the ATMs will not be working, and places of business will be closed because there is no way to conduct any monetary transactions. We came real close to that in 2008. What happens then? Think about it the next time you go on a long walk. What if there were no monetary transactions for even just three days, a week, a month? It could get desperate and violent. It could rock our world. I can understand the Jack-asses in DC stringing this along as long as humanly possible because this is going to be a real dumpster fire. I figured it out early in Obama’s administration that there is only one destination for this train wreck. He didn’t even start this mess. This was put in place long before he got into office. I don’t blame him any more than I blame Trump, Bush, or Clinton. This was set into motion long before they had a chance to mess it up themselves. This was set into place by the powers that be. I believe those powers are corporations. This could be really really ugly for millions/billions of people. Embrace that idea and go from there. I’m doing what I can and telling friends and family to prepare for hard times. Most don’t believe it could/will happen. I can’t make them take action. I can only do what I can do and help those close to me. Hopefully, I am wrong, and I am just a weirdo that has a bunch of canned food and ammo stocked up. In this here Republic of Bananas, we will continue to print infinite amounts of money while denying that a trip to the Emergency Room already costs $10,000, a year in college $80,000 or that housing costs have risen well above wage increases for decades. We will make stocks go so high, that there will be an even greater wealth disparity leading to even bigger riots in the streets. Because why raise taxes or cut spending, when you can just print the money! And on Netflix, this Fall, watch "Dollar Conjurer" starring Jerome Powell and a cast of PhDs. A show where everyone pats themselves on the back until- in a surprise, no one saw coming - things go horribly wrong. RIP US Dollar fiat - the true barbarous relic. COVID-19 is not the problem. The Fed is the problem - a hideous and disgusting institution that must be eradicated. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
















Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics