NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Monday, December 14, 2020
👉Will There Be A Recession In 2021 And Economic Collapse ?
👉Will There Be A Recession In 2021 And Economic Collapse ?
What’s going to happen to the economy in 2021?
The World Bank Group is painting a grim economic forecast as the pandemic continues to ravage economies. More businesses are expected to fail, and insolvencies are likely to increase by 30 percent by the end of 2021.
The US dollar could collapse by the end of 2021, and the economy can expect a more than 50% chance of a double-dip recession, the economist Stephen Roach told CNBC on Wednesday.
Do the Americans understand what will happen when Biden removes tax breaks by raising taxes on all Citizens, and the corporate tax rate goes back from 21% to 38%?
I know what will happen. Any money left in 4O1 k's will be gone, along with millions out of work. This will utterly destroy America once and for all.
The market will be manipulated to make it look like all is well while the foundation is being washed away. FED will pump. That is the plan. They are not done yet consolidating and sucking in the plebes. The pandemic will still be with us next fall.
Trends forecaster Gerald Celente from his side predicts that we are going to the great depression, with more lockdowns, increased taxes, more small business bankruptcies, millions of lives and businesses will be destroyed around the world. The US will continue abusing the currency like a dirty newspaper.
Pandemic deaths will go up. We will be hitting records in the next few days. Deficit spending up. Companies have decreased earnings, yet markets are at All-Time High. This is a classic bubble. S&P500 is worth half of what it is today, based on the Shiller P/E.
We are on the exact same path that Zimbabwe, Venezuela, and so many others have already gone down, and the very foolish decisions that we have been making are only going to end in complete and utter disaster.
If we keep doing this, we won’t be facing a major financial disaster years from now.
Rather, it will just be a matter of months before the wheels start coming off.
But our leaders do not have any intention of changing course now. During 2020 the Federal Reserve has been pumping money into the financial system at a rate that we have never seen.
Of course, the federal government is going to continue to pump out stimulus package after stimulus package no matter who is in the White House.
Virtually everyone likes getting “free money” from the government, but you have probably noticed that the price of just about everything has been going up lately.
INFLATION - stock will keep going up, and the US Dollar will continue to drop. Money doesn't care about pandemic deaths. And since the US Government can do nothing now but print, they clearly don't care either.
They can't sustain this bubble in a rising rate environment. Housing will slow, then prices will revert because the price increases are 100% due to low rates. Then we'll see a massive pullback in earnings. PE is at 22 times 2021 earnings right now, a record high. The Russell is the first to pop. It's playing catch up with the market, but sky-high PE's will start to shed smart money.
The economic destruction coming from a second wave of the pandemic lockdowns combined with the civil unrest from all the lies the media will spin out of this contested election will usher in the last eight years that looks as though it will commence on or about the 20th anniversary of 9/11.
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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell.
Many of you have asked me where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future.
It’s not so much a matter of doom and gloom; it’s a matter of recognizing that the increase of risk has reached levels that are off the charts and adjusting accordingly.
The event that could trigger greater cascading events could come from any number of places: pensions, stocks, housing, bonds, etc.
And while the Fed says it can and will just keep printing its way out, that potentially triggers other events, like inflation, undermining the status of the dollar as a reserve currency, and even possibly war.
Then you have globalism plowing ahead like one of the kids on the short bus taking control of the wheel, because not only are systems and people not ready for what those globalists are proposing, but also what they’re proposing is just a really, really bad idea. If they can’t even get it right on the smaller level of the European Union, how in the world can they get it right on a global scale.
The proponents of globalism are freakin’ nincompoops and just add another dimension of risk to the equation.
Masks and lockdowns are a horror show. Order restored from chaos. It's obvious the globalists are playing every card they have to destroy our way of life.
They want Venezuela-type Socialism with full government control of industry and the economy. Government-run health care, free college, free housing, guaranteed jobs with a guaranteed income, no more oil or gas industry, spending billions or trillions on climate change folly, and all this will cost tens of TRILLIONS of dollars. Biden has signed on to some of it; they'd roll over him to get the rest. It would destroy our economy. That scares me. Apparently, it doesn't bother you. You hide behind "democratic socialism" and try to pretend it won't be that bad. Well, it WOULD be. The government has never done anything well or efficiently.
Central Bank shenanigans in perpetuity worldwide ensure that gold will outpace any other asset class in the next 10, 20, 30 years and beyond.
How can it not?
Gold is money, nothing else.
The entire fake economy is living on paper promises and suspended interest payments. Millions are now permanently unemployed, have little to no savings, carry lots of debt, and have no prospects for future employment. Real estate, both commercial and residential, are in the calm before the storm. The government can suspend economic reality (debt service) for only some time. The public and private pensions are bankrupt and too big to be monetized. Dollars have maintained purchasing power only by constricting supply and the coming massive markdown of all assets paper. The debit-credit bubble has burst, and there is no escape from the coming death spiral except a reset to the only true asset left, having no counterparty: gold. The longer governments fight this reckoning, the longer we suffer this economic debt-load malaise. Trade gold and this market if you will. But for me, gold is gold and will survive unscathed through the coming storm. The dollar price of gold does not concern me a bit. True wealth is measured in ounces held in hand. While the paper price of gold is set at the COMEX, the Keynesians can put the price anywhere they want to. If gold dips below $1700, good luck finding any physical gold in quantity for anything less than a $200+ premium.
Dollar holders around the world have just witnessed the once mighty USA degraded to a banana republic, seriously considering MMT as official policy and in permanent deficit forever. How much longer will they view their dollars as safe stores of wealth?
The US Dollar had run its course already by the turn of the millennium and was the main reason for 9/11. As the digital economy was on its way, the future of an all-dominant Petrodollar was on its way out amid a lack of military conflicts and large government clashes. As the Pentagon and media gift of the global war on terrorism eventually could not be sustained, a series of plots to move this war home to the west also petered out and had to be replaced by something new.
Welcome the new global menace meant to replace ideological terrorism - medical terror. Old game planned scenarios were quickly dusted off by the think tanks and philanthropic groups to throw the entire world into a panic a fear fest. Why continuously fuel this kind of disaster capitalism and push towards a totalitarian governance model, you might ask? Because the path chosen for the US Dollar was taken a long time ago, perhaps even earlier but certainly by the time of the Vietnam war.
The power behind the curtain of the United States chose following the second world war to adapt the philosophical and tactical strategy to that of the German Third Empire, which it had defeated. While projecting a benevolent facade of tolerant inclusiveness, the core theme was dominance through coercion, subversion, and economic hegemony to create a global empire. All global empire projects eventually end up on this path to self-destruction, so the United States is not unique.
Today even the illusion of power and dominance is crumbling, and the last people to realize this is the propagandized Americans themselves. They continue to believe the slogans of the city on the hill, beacon of freedom, exceptional nation, etc., while their leaders continuously push in the other direction. It's a tragedy to witness. When the US Dollar implodes on itself, and the global fiat regime comes to an end, it will not be the end of the world, but western people, in particular, will wake up to the fact that they will actually have to start working for a change. The gravy train of living off of other peoples' work will be over. A tough pill to swallow but eventually proven to be a blessing in disguise.
The amount of stock they own is constant, but the value of those stocks is artificially inflated. Unless they have cashed out, those are just imaginary paper gains. Shuffling to different stocks is pointless since the entire stock market is a bubble.
Hedge your portfolio!
Cash and bonds for deflation.
Gold, property, stocks for inflation.
I see nowhere else left to hide but precious metals. And after looking into Bitcoin. I am very discouraged. I will buy some, but that thing is super tracked. Just to get a wallet, you have to send in your ID? I thought it was anonymous! Nope. And every transaction is connected and tracked forever. You don't think the IRS is on this? Try selling some Bitcoin or spending it and not reporting a profit on your taxes. Gold, Silver, and Platinum in your hand is true money that is out of the system. As I said, I will invest on the dips in Bitcoin because I think it does have some value and upside, but it is like buying a stock. There is no hiding the transaction.
You have to report on your income tax return if you own Bitcoin. I don't know if many people are aware of that. Is like having to report a foreign bank or brokerage account on your tax return—same thing.
Meanwhile, gold has annihilated stocks over a 20 year period despite being manipulated downward constantly, and The Fed printing trillions to prop up stocks.
You've got to look at the time period comparison from when they started cutting interest rates after Dot Com and 9/11. That's the base change to the economy.
Now we have over $27T in debt on our way to $40T and maybe even $50T by the end of the decade.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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
Saturday, December 12, 2020
👉Fed to Increase QE Creating A Frankenbull Market Converting Corporate Debt Into Consumer Inflation
👉Fed to Increase QE Creating A Frankenbull Market Converting Corporate Debt Into Consumer Inflation
The Fed to Increase QE, Creating A Frankenbull Market & Converting Corporate Debt Into Consumer Inflation.
Unemployment trends, food bank lines, pandemic surge, impending shutdowns, and political instability. The market will never see the crash coming, but it is coming.
$1.3 billion asset purchases by central banks every 60 minutes since March. Buyers of last resort to keep assets prices in bubble territory.
The M1 money supply is up a record 46% year-over-year. Things are getting pretty intense.
Banks are buying up closed and bankrupt businesses increasing profit for wall street and the monopoly corporations. You might get those rollback deals and lighting sales on Amazon but was it really worth it?
We are being led down the rose-lined path to socialism, communism, wealth confiscation, the destruction of our constitution, and all rights we have had in this nation since its founding.
The Central banks are literally buying it all.
These bankers are destroying the lives of hundreds of millions of people. Counterfeiting money to make purchases is not buying it stealing.
Another fraud day in the bubble stock market as the FED never allows stocks to sell-off.
O% money was easy - to prop up their Big Tech friends - one doesn't even need a community college economics degree to know what would happen. Now they want to channel more money to Big Tech and weaken Banks and the Oil and Gas industry. I am all for getting rid of coal - but this feel-good Fed green deal response only helps other countries to step in and fill the void - as windmills and solar panels are a long way from meeting our energy needs.
Letting the Fed print trillions of dollars of unearned money to bail out the stock market, financial institutions, and now corporations is destroying the value of earned income and savings. Allowing the Fed to lower interest rates into negative real rates so an already indebted society can borrow and spend even more of its future earned income so that we can continue to live beyond our means today is just insane.And we've been doing it for 40 years now. Allowing the Fed to prevent true price discovery in the markets is just criminal and will destroy the free market economy for decades to come.
This near Zero Rate scheme is basically a wealth tax on Americans, and the US Dollar is going to end up only being worth a penny? Very sad that True American Entrepreneurs would sit back and let The Fed and Central Banks sellout America!!! Congress and Government leaders are selling us out.
Every policy they put in place is so short-term focused - with no regard to future consequences. They have destroyed generations to come.
The US dollar is being decimated.
The currency dilution steals value from every other dollar already in existence.
If one believes the official inflation rate is generally understated, real GDP growth is likely lower. This is where monetary policy exacerbates protracted deficit spending and those on the margin.
Simply consider the real assets that stand behind the financial assets of stocks, bonds, etc.
Then consider the hugely inflated valuation ratios of those investments (PEs for stocks, gutted interest rates themselves for bonds, etc.), and it is no mystery where all the inflation exists.
Interest rates are the price of borrowed money.
When the system has been hugely injected with trillions in unbacked new money supply, interest rates are driven to zero because the supply of investable funds has hugely, hugely outstripped the demand from new real asset investment opportunities.
The aggregate ratio between financial ownership claims and underlying real asset values is grotesquely engorged.
Any poor bastard caught in the US Dollar domain does not have the luxury of holding out investable funds because of laughably inadequate risk-adjusted recompense in bond markets. Fed policy of helicopter money dumps has terminally diluted every financial market denominated in US Dollars.
So, low-interest rates are not a sign of no fear of inflation; but rather, they are the evidence of the Fed’s crushing success in creating it.
In terms of rich/poor/middle class, those who hold tangible assets benefit from inflation. Those who count on wages or hold paper assets/cash, not so much.
The inflation is there in spades. Learn about the velocity of money. The inflation is in the assets. QE money chased assets while the real economy has struggled to recover. The recovery has been very selective; hence inflation showing up in 25% of the population through wealth creation. The bottom 75% who hold little assets cannot stimulate enough activity in the real economy for inflation to show. This cycle has been different in so many ways. A flat yield curve might not, in fact, be an early sign of recession since it's the central banks disrupting the yield curve. It could be a false flag. We are heading towards recession but keep an open mind and a balanced portfolio. We are in uncharted waters here.
There is definitely something more dark and sinister going on in the background.
January 1, 2021, ALL FDIC banks MUST make digital wallets available to ALL customers. Something is about to crash.
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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell.
Many of you have asked me where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future.
How short-sighted is the federal government? The Cares ACT was a rush job that just created a whole new class of winners and losers. And some of the winners of the stimulus are zombie businesses that provide no real value. The federal government should have provided massive stimulus into the national infrastructure. This is needed on so many levels. In fact, our infrastructure is falling apart and rotting since the baby boomers in Congress decided decades ago they did not care about the future. Even in 2017, Trump scrapped the infrastructure update proposal. Not only does infrastructure investment provide the highest long term ROI, but it also would improve the standard of living for everyone. Oh, and it would stimulate the economy now, and long term as these national projects would drive demand for employment and get people back to work!
Each day the magical buying comes in to support the market.
How long until they own all the assets? The idea behind QE is to buy the assets at high prices no-one else will pay using their fiat dollars to keep 'liquidity' in the market. Is that right? So if you're a central bank and you can print an infinite amount of fiat, doesn't this eventually end with the FED (or ECB, et al.) owning everything?
It seems like this program allows people get to the exits and cash out of what would otherwise be a painful repricing of assets, but it seems extremely short-sighted to me because the FRN's are debased with all the printing, and all the real-world assets are going to end up on the FED's ledger. Doesn't this end with everyone holding bags of worthless toilet paper and you paying rent to the FED because they own your house, your car, the company you work for, etc., etc.?
Now basically, everyone is left reliant on QE, stimulus, and the corporations are also reliant. The Frankenbull is solely powered by the Fed.
The assets they buy only hold their value because the banks buy them. They can't stop printing. It will continue to grow in an exponential manner because if they stop, the assets they own would be valueless; they really are taking us to Mad Max territory.
How long before the NWO owns all business and performs the RESET?
So the US government should immediately raise corporate taxes 200%?
The Old fiat monetary systems are declared obsolete, and a new Universal Basic Allowance has been introduced to cover the needs of the ordinary citizen. Only governments and multinational businesses use a digital Credit Mark to account for the movement and trade of raw materials. The democratic functions of western parliaments are reduced to votes for regional members of a unity government. Prime Ministers are chosen by internal vote.
Private property has been abolished, all goods and assets sequestered by governments to allocate as required. Televisions have been issued to citizens, and giant screens broadcast twenty-four hours a day in the city squares.
Fed seems to be waiting for a multi-trillion stimulus before increasing Treasury purchases. It looks like they may have to wait a few more weeks.
Fed better buys everything sooner than later as it seems main street folks are starting to understand that the Fed’s main purpose is to enrich the elites. CNBC article today titled “Americans increasingly see the stock market as a barometer just for the rich, not the whole economy” had some shocking stats.
When you see a shift in the country of 20% that believe the stock markets are rigged (most of which do not invest in said stock markets), that is a paradigm shift of epic consequences for “Trickle-down Fed” policies. The bottom 90% are losing faith in the Fed lies of helping the main street. The bottom 90% have more votes than the top 10%. Fed is at risk politically, so better “Make billionaires Rich Again” as regular common fly-over folks are getting wiser to the Fed as a wolf in sheep clothing.
Wait until the manufactured inflation starts to impact the working families of this nation.
The gap between those who have enough stock to make a difference in their lives; and those who do not will widen. And this is not a healthy situation for the country.
The central banking game is truly a Socialist endeavor. It finances the things Margret Thatcher said would soon run out of “other people’s money.” It hides the cost of war by purchasing the debt created to fund those wars. It is operated by the unelected who make economic decisions behind closed doors, and they themselves insulated from any ill effects (like inflation) for they have inflation-protected pensions, courtesy of us.But what of us?
The latest example of how the Fed’s outsized presence in markets, which began with the 2008 financial crisis and showed no signs of ending, is distorting traditional trading strategies: It’s squelching volatility, adding fuel to a record-setting advance in stocks, leaving credit markets priced to perfection, and curbing Treasury yields at levels that no longer fully reflect market sentiment or investors’ belief in the economy.
The central banks have suspended the fundamental of a free market, supply/demand price discovery. In so doing, they have made asset evaluation a folly and misallocation of assets a game of no consequence.
The history of this nation until 2008 is that Fed Funds equal or exceed inflation. Since 2008, this has been suspended, for good times and bad, for the benefit of whom and at a cost to whom? Hayek said central bankers decide and intentionally aid one group to the detriment of another, and the one group has been harmed since 2008. That group that had nothing to do with the systemic threats created by over leveraging and irresponsible speculations.
Here’s the process as I see it,
1) Overvalued asset classes start falling as holders finally notice that income streams don’t match overheated valuations.
2) The Fed, worried that panic selling of asset class will, a) hurt wealth effect propping up spending and b) increase interest rates, hurting investment, hurries to print trillions in unbacked money to buy those falling, overvalued asset classes.
3) As a result, the selling banks/holders of those cratering asset classes get overpaid for their overvalued assets, in Fed “high powered” money (which the banks can turn around and use to make *new* leveraged loans, at a multiple *higher* than what they got from the Fed).
The Fed gets the “falling knife” asset classes in exchange.
4) The newly flush banks start making their leveraged up loans (or sit on a chunk of the Fed QE, for which they get paid a small profit margin on “idle reserve balances” by the Fed).
5) Those new bank loans bid up the prices of financial investments or real assets, creating consumer inflation (later or now).
I may have some of the details wrong, but I think the overall gist is right.
I wonder if a clear graphic would help the public understand just how dangerous this self-licking ice cream cone the Fed has created is.
Basically, it is a machine for converting going bad government and corporate debt into consumer inflation.
That doesn’t seem to be fully registered with the public, and I wonder if that is because no one is laying out the basically simple 4 or 5 steps involved.
Only those who own some fertile land over freshwater, some livestock, and seeds, gold, silver, guns and ammo, a LONG way from big cities, will survive this mess. The elites pushing the insanity will of course run away where no one can lamppost them.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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
Sunday, December 6, 2020
👉The Plot Against The Middle Class and Small Businesses Explained !!
👉The Plot Against The Middle Class and Small Businesses Explained !!
The system is setting us up for failure. They're stretching it out to the maximum. They're milking us to the last drop. The destruction of small businesses has been well-coordinated and well-executed.
The virus has killed more small businesses than actual people.
Retail closures are exploding.
So much easier for the politicians to control if there is only Amazon and Walmart.
Real household income is the lowest that it has been in a decade, poverty is absolutely soaring, 47 million Americans are on food stamps, and the middle class is being systematically destroyed. How can big corporations be doing so well while most American families are having such a hard time?
In the United States, the 400 richest individuals now own more wealth than the bottom 64 percent of the population.And the three richest own more wealth than the bottom 50 percent, while pervasive poverty means one in five households have zero or negative net worth.
Small business is being strangled to death . And the regulatory environment for small businesses is more suffocating than it has ever been before.
With the MASS panic of the pandemic, fear is causing businesses to close doors and our economy to take a MAJOR slump in what feels like the beginning of a zombie apocalypse.
Add this to the economic terrorism imposed on small businesses and the middle class.
It is health insurance renewal season;
if you are aged the 50s-60s, most plans annual event all-in cost is $25k to $35k.
The median household income in the USA is $68,703.
So, approx 35%-50% of household income is captured by the oligarchic monopolistic medical industry.
Add 30% for income and payroll tax.
Add 22% for housing.
We are watching the destruction of the middle class. And no one is even trying to stop it.
Large Businesses have no trouble; they can still run and operate. It's the Mom and pops small businesses that can't do any business safely in pandemic time.
They Are Killing Small Business. The Number Of Self-Employed Americans is now lower than it was 10 years ago. Small businesses have traditionally been one of the main engines of economic growth in this country. The American economy is less entrepreneurial now than at any point in the last three decades.
When the big corporate chains and Bezos are major political contributors, what do you expect?
What exactly is the huge difference between food shopping or being in Walmart and going into a restaurant to get takeout? The answer is nothing, especially with non-N95 masks. It's like stopping dust with a chain-link fence.
You know those congress critters that you vote for each election cycle to represent you?
THEY ARE THE ONES CARRYING OUT THESE ORDERS FROM THEIR PAYMASTERS.
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 click the like button. And don't forget to smash the bell button in order to get a notification whenever a new video is uploaded. Thank You.
The curve still isn’t flat yet. More small businesses have to die as a sacrifice.
The totalitarian measures are designed to crush the small and benefit the large
While the balance sheets of US Billionaires and major corporations grew to over $1Trillion from March of this year through October as many Americans are barely scraping to get buy. They need some stimulus. More Payroll Protection loans likely to be again mismanaged to include corporations and felons in prison.
Of the $908 billion stimulus plan proposed and currently negotiating with both parties, NO STIMULUS FOR THE PEOPLE IS INCLUDED.
HERE WE GO FOLKS, THE POLITICAL CLASS TAKING CARE OF ITSELF AND COMPLETELY OVERLOOKING THE PEOPLE. ELECTION OVER, THEY HAVE OUR VOTES.
WE WON'T HEAR FROM ANY OF THEM UNTIL NEXT ELECTION.
Once all small businesses are bankrupted, then amazon, Walmart can set whatever prices they want, and you'll have no other choice.
The only way to stop politicians from doing what Amazon, Walmart, and big pharma lobbyists tell them to do is to support small businesses now more than ever.
Let us hope that one of the unintended consequences of this travesty will be to rile the middle class into a wrathful movement to stop the oligarchs. This happened in Germany 90 years ago when the average person lost his entire life's savings from hyperinflation. The oligarchs of the day swept in to buy most everything up for pfennigs on the mark. We all know what popular revolution resulted from this rape of the german people.
It's a class war.
But instead of the poor rising up against the capitalists ...
It's the elites waging a war of attrition on the poor and small business owners.
There's a defect in the human race, preventing people from understanding the situation of other people until they get into the same situation themselves. That's why politicians just cannot understand that this is any different for people than it is for themselves.
It's a planned move to pure fascism - a joint government of politicians and big business. Government passes the laws and regulations big business wants, and big business manages the propaganda, finances, and labor employment of the serving population—one ring to rule them all.
The freedom to form your own small business, compete more efficiently with big business, acquire property and capital, and become financially independent cannot be allowed.
If the state and Central Banks were put out of business, then peace and harmony would reign supreme, freedom, and liberty for all!
The undergoing plan of the annihilation of small businesses is the Greatest Theft in American History. As we all know, less competition means higher prices.
Current policies are destroying small businesses. Bubbling up to the surface is the recognition the Fed has played a major role in pushing inequality higher.
When it was suggested the Fed and Treasury Department lower the minimum size of the loans under the Main Street Lending Program to $100,000 from the current $250,000 to help a larger number of small companies that have been hurt by the pandemic, Powell even went so far as to claim there was little demand for loans below $1 million.
The Oligarchs want them destroyed to ease the transition to Totalitarianism.
The purpose of the this psyop is two-fold. First, to conceal the bank cartels' complicity in our economic destruction with fiat currency and a debt-based economy. Second, to ensure the economic health of themselves and their minions in the 0.1% by extracting what wealth the 99.9% have left.
The plan is to keep the Phase 2 lockdown in place for a much longer period of time than the Phase One lockdown, continuing to destroy the global economy.
Further degrade the supply chain and further amplify food shortages and the like. Quell any public outrage using extreme actions or force and make anyone who defies them appear as public enemy #1 to those who are willing to submit.
Government at all levels sees businesses as nothing more than cash cows to bully, extort, rape, and exploit. Have you ever noticed that, whenever a local TV news station or newspaper announces, with great fanfare, the opening up or relocation of a new business to the local area.The very first thing they observe, in addition to the creation of local jobs (i.e., more tax cash cows for the local nanny thugs to exploit) is that the business will bring more tax revenues to the city/county coffers?
No one ever observes that the businesses are providing a good or service that the buying public wants and is willing to purchase with its own money, thus creating local economic growth for its own sake (and thus enhancing individual freedom of choice and overall well-being).
It's that businesses are contributing to (usually defined as giving back to, a sickeningly collectivist term) that ill-defined and nonsensical community.
No wonder no one is launching new businesses above ground, in the legitimate economy. Only a complete fool would even dream of doing so under current conditions.
Many operate from insecurity, creating a need for control. That competition within this population would result in superstitious tribes led by sociopaths, pitting tribe against tribe, should not be a surprise. We will never be as intelligent as the universe.
America was a bait and swap from the beginning. Ignore the Declaration of Independence and the Bill of Rights. What remains is corporate law - control resources, create a sense of scarcity, and efficiently extract monopoly profits. If I can control demographics, I care not who prints the money or writes the laws.
The system is built on a foundation of family/common law with no due process, supporting corporate law. And automation has then been inserted under the Council - empire by force. The chameleons proffer empire by diplomacy, a false choice, as the pandemic response demonstrates.
Don’t play, or play to win. Marriage under God is the former, but the latter is relevant to most. It’s been a complex system problem all along. The economy is built from the bottom up, and after a few generations, those at the top start chasing efficiency - their own tail.
We are interested in an algorithm and data structure for simultaneous reorganizations among complex systems. A good place to start is an income statement array of arrays, withholding company balance sheet inquiries capable of both quantitative and qualitative metrics.
The nexus is the project manager, melding fact with mythology. That’s why they are called special projects coordinators. The process is cut up into three parts: off-sheet asset acquisition, reorganization, & special ops.
The military industrial complex is like the main artery feeding cancerous tissue. The military industrial complex grows regardless of party, and the party tribes are essentially mobs. Real estate and the financial markets are just money laundering operations.
Of course, the owners want to see a Gantt chart from the balance sheet perspective, but that isn’t how it’s really done.
The whole point was to wipe out small businesses. They are quite inconvenient.
Society will develop a new kind of servitude which covers the surface of society with a network of complicated rules through which the most original minds and the most energetic characters cannot penetrate. It does not tyrannize, but it compresses, enervates, extinguishes, and stupefies a people, till each nation is reduced to nothing better than a flock of timid and industrious animals, of which the government is the shepherd.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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 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
Wednesday, December 2, 2020
👉Ray Dalio Warns : America on The Verge of Revolution or Civil War
👉Ray Dalio Warns : America on The Verge of Revolution or Civil War
3 Days after investor Mohamed El-Erian, president of Queens’ College University of Cambridge and economic adviser to Allianz,warned in an interview with Yahoo Finance ; that The Fed and the promise of a vaccine aren’t enough to protect investors from a potential reckoning.It was the turn of famed hedge fund manager Ray Dalio to warn on his linkedin page that: The United States is at a tipping point that could Lead to revolution or civil war.
There is definitely a storm brewing . And these top experts are right.In fact all revolutions are a byproduct of a discontent populace.
Gerald Celente always says : When The People Lose Everything & Have Nothing Left To Lose, They Lose It!
History shows once all the wealth is accumulated in a small percentage of the population, revolt sets things back to an equal playing field. Unfortunately, it also shows this can take decades of famine and war.
Revolution and civil war is exactly what they require to implement the New World Order permanently.
We are being PLAYED.
Civil war is a problem because it pits you against the wrong enemy, against friends, family, neighbors ;when they are not the real enemy. Also it might fail, and millions will suffer.
Overthrowing the .1% will be 100% successful and have the better result.
They already implemented the NWO. How else did 90% of countries react exactly the same way to this pandemic?
The Civil War has already begun. We are in the target selection stage.
95% of the people masked up and believe everything they say. There is no resistance.The masses love the new normal.
Stay at home, the government sends money; dope is legal.
The globalists locked us down and masked us up while the majority of retards cheered for it.
When Diversity becomes Divide and Conquer; and Multiculturalism becomes Dis-integration.
The US has been in the process of systematic deconstruction for the past 40 years, by the international globalist with trillions parked offshore. What you are seeing now is the last Act in the play called, The Great Reset. All it took the globalists to finish the job after 40 years of fattening themselves with their low-cost Chinese labor and milking US markets, was a pandemic and the panic they orchestrated through the media and their puppet governments, rewarding everyone with their off-shore cash and fiat along the way. Meanwhile the stupefied American people patiently wait for their illustrious court system to fix everything, while the global elites just keep spreading that fiat around fixing everything in sight.
This crisis enables them to issue more debt even faster before the rest of the world stops buying US IOU's. The dollars is in its finally death throes as the world reserve currency.
Currency collapses are usually followed by war.
In the case of a collapse of a major global currency, that would mean global war.
China vs India may be the flashpoint. India, with the support of the US. China, with the support of Russia.
We lost the game! We were called to total war and we backed out! China is now the world's manufacturing hub and sells the most goods and has an army with credible deterrence just like the USA.
We are equal now! get it!
You are a cop with a gun? You got punched in the face,and you ran. Burgers lost everything over the last couple of years! 2021 is going to be wild wild wild!
America lost everything! Why do you think TESLA is valued more than any other car maker in the world?
Who is paying for TESLA's stocks now! Burger pension and retirement funds !
The raid is going on as we speak as ( Elon Musk and his buddies) sell their useless stock to pension funds.
TOTAL WAR WAS DECLARED AND BURGERS GOT THEIR BLUFF CALLED!
In the world of geopolitical porno....those pictures of american bases being bombed accurately in utter ruin is the equivalent of a facialabuse / ghetto gagger !
We cannot DEFEND ANYTHING WITHOUT LOSING EVERYTHING!
Airforce out dated! Low cost cheap precision guided ballistic missiles will wipe out every US base, within the first wave of burger bombers hitting enemy's borders!
When you have a fiat debt-based monetary system it enables growth of political and corporate cronyism also known as fascism. But it also enables a bunch of these useless parasitic money changers, also known as financial advisors or bankers to thrive. Many would not amass fortunes in a true gold based system I suspect. One class of people do all the productive work, and at the top of the pyramid are these parasites, and at the bottom are those who vote themselves free lunches,
World reserve currencies have a finite lifespan. The US Dollar is long in the tooth as the World Reserve Currency. The US is a declining Empire.
That's what this is really about.
The elites are sucking all the wealth out of The US and moving it to The Far East.
I really believe we're past the tipping point. The dysfunction and corruption that generates inequality and inordinate propaganda resources in the hands of the .1% The Predator Class are too deeply baked into the fabric of law, economics and ideology to be reversed or ameliorated. Simply put: The parasitic Predator Class is too addicted to the easy, windfall profits of their monopolies and cartels. Likewise the political system cannot reform itself because politics and government are owned and controlled by Predator Class lobbyists from the Military Industrial Complex, Wall Street, Big Pharma, Big Agriculture, real estate rackets and the rest. The nation is in a hopeless death spiral.
And furthermore, internal strife has destroyed national cohesion and solidarity leading to political gridlock at a very crucial moment. As a result ;the US cannot innovate and compete with the China- Russia axis, and that includes the exercise of military coercion.
This is a cold, hard summary analysis and not an agenda or personal projection. In few words .We're screwed.
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 click the like button.
As many of you have asked me about where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future.
There is a point where every system reaches it's end of life. Concentration of wealth and power are the metrics that show how close the system is to collapse. The US is very close. When most of the country is owned by a handful of billionaires and at least 95% of the country is struggling to pay the bills and earn enough to have a family, it won't take much to set the fire.
The vast majority of the population cannot make it in a technologically advanced society. They aren't smart enough, educated enough, or driven enough. In the past they could farm, mine, or do monotonous work in auto plants. Those options no longer exist. McDonald's or busing tables does not provide sufficient income to lead a traditional American life with kids and home.
The rest of the world actually works and produces tangible products while the traders read charts and run computers siphoning off the wealth of the country and putting it into the hands of the few.
And we wonder why the country is in debt, the middle class is being gutted and the rich get richer. Fifty years ago the market used to be where the average joe could stick his money, long term growth from responsible operation of productive companies and everyone made money.
Now you have to be a pencil-necked computer geek running supercomputers creating casino wealth out of thin air. Day trading and most of the stock market is a racket .
Instead of using that brainpower by innovating, running businesses that actually produce stuff and can create wealth and jobs for millions ;People in wall street pilfers and plunders without breaking a sweat.
We are living in the endgame and it has nothing to do with any ideologies or bipolar indoctrination (democrat vs. republican ;capitalism vs. socialism, etc.) but everything with wealth and power: the ultra-concentration of ownership and the integration of Wall Street and the Chinese Communist Party .
Welcome to the New Neofeudalism!
It always amazes me the thing hasn't boiled over yet.
Wealth disparity is at an all time-high. The productive class in the United States has been demonized, demoralized, defunded and depopulated over the past forty years and yet - this group of people still remains in polite society. I am not exactly sure what it will take to adequately motivate the average person, but if my American family is anything to go by - the lines are already drawn in the sand. Everyone will choose a side and each side will deviate further and further from the middle.
No doubt people under pressure will attempt this, but why do you expect this to have any effect on the New Aristocracy? They can afford to pay the people they really need, and the rest can go wherever they please. If they rebel or become a nuisance, the armed forces and police can dispose of them as necessary. Once the dictatorship is complete, the law will make legal whatever actions are deemed necessary, and the press will bray the morality and justice of whatever actions are taken.
When you reduce people from human beings to consumers, you strip their lives of meaning and purpose. Follow that up with masks, and you rob them of their identity and cognitive function (hypoxia). What you have left is an empty vessel readied for the scrap pile.
While there has always been corruption (and always will be). Today the corruption is more in your face than it ever has been. The political class and their handlers (the elite) don’t even feel a need to hide corruption, not just here in the US but all around the world.
The morality and ethics and ways and cultural values of the CIA, Pentagon , FBI, NSA, state security apparatus, as well as the elites, Washingtonians and Ivy Leaguers, have taken hold. So basically, the values of sociopaths and psychopaths as well as their sycophants, collaborators, and enablers have taken over. It shows in all the wars Washingtonians have both started and are losing, and in all the secret police activity and crimes and criminal activities of the military and state security apparatus and their puppet criminal special contractors of the secret police industry and the Foreign Gestapo collaborators they've brought in to assist them in the criminal activities.
And let's not forget the Military Industrial Complex and with it a bogus war and with it the trillions spent , and almost 20 years later still muddling along.
The World Economic Forum and The DAVOS financial architects and UN sustainable reversion to feudal times lords have no clothes if the hired help refuse to beat down the innocent public.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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 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
Monday, November 30, 2020
👉This is How The Banks Make More Money During Financial Crisis
👉This is How The Banks Make More Money During Financial Crisis
The Bankers make the most money when they are driving the economy into a financial crisis.
What they are doing is really an illusion; they are just pulling future spending power into today.
The 1920s roared at the expense of an impoverished 1930s.
Japan roared on the money creation of real estate lending in the 1980s;they spent the next 30 years repaying the debt they had built up in the 1980s, and the economy flat-lined.
Our economics is based on the assumption of profit maximization. However, what happens when this assumption is no longer valid when companies pay down debt at zero interest rates? This is when the economy has entered a balance sheet recession. In such a situation, monetary policy becomes a largely useless weapon. After years of monetary policy with limited effectiveness;we are now stuck in a QE-Trap.
Bankers use bank credit to pump up asset prices, which doesn’t actually create any wealth.
The money creation of bank credit flows into the economy, making it boom,But we are heading towards a financial crisis, and claims on future prosperity are building up in the financial system.
The top 1% has access to unlimited free money at zero percent Interest!, unlike the bottom 99%.
This means income growth is entirely irrelevant, and the 1% control the price of everything too.
The FED is the entire problem.
The rigged money/monetary system(s) in the hands of a small few private criminal and corrupt profiteers is the cause. Their perpetual wealth transfer schemes are the cause. Their alleged authority to determine the value of energy (intellectual, creative & physical) is the cause. —It’s referred to as Looshing. Physical Gold has served as trustless money for over 6,000 years because of corrupt governments and corrupt money changers (bankers) and their endless scheming and thievery. Physical gold used as a reserve (a restraint) in an honest system is unmatched. It’s the technology that has made stealing easier for them. Their exchanges/markets, derivatives, the London [paper] Fixing , etc... The removing of the physical gold from the equation has allowed an opening for their perpetual scheming and theft . The money changers, and Wall Street have convinced the Dolts that their BS paper and pretty red/green candlestick charts are what establish real value and set a fair price for literally everything . And those who believe technology (encrypted money) is a better more advanced a more fair and honest solution are insane. The day will quickly come when 256k bit encryption will be rigged, corrupted, or no longer encrypted. What technology has done is made the bankers' criminality exponentially easier.
A society ruled by bankers ends up in penury, moral decay, and collapse. The concentration of wealth and unaccountability lead to societal collapse.
ALL of this is caused by printed fiat centrally-controlled currency.
1984 has become a reality now. We're living the Davos sociopaths' dream.
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 click the like button.
As many of you have asked me about where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future.
Big corporations are making money; while small businesses are shut down.
The US National Debt Clock increases 4 Billion every day.
The next phase of the economic collapse is the horde of zombie companies unable to meet debt obligations. It's both a liquidity and solvency problem, both public and private. The Fed has been hollering at congress for months now asking for more stimulus. Maybe Yellen can get the job done, maybe not.
There has been so much debt issued by zombie companies that they must either go bankrupt or face decades of zero growth. That is the idea of Schumpeter's creative destruction. Get rid of the deadwood to make way for new growth. Some companies are posting losses greater than their market value, and yet investors keep bidding up their stocks. They either (a) don't know what they are doing, (b) are expecting to sell to greater fools (i.e., speculating), or (c) expect massive government bailouts of large zombie corporations.
Why, Why should we bail them out? Why pump in more money. Let the economy be the economy.
As a taxpayer and investor, I am sick and tired of knowing that I'm paying overinflated prices for fiscally irresponsible companies who should otherwise be bankrupt by now. Knowing that my future tax dollars will be used to fund these zombie companies now and into the future (for generations to come) is blood-boiling. This needs to stop.
I feel the same way about those cities/states who are looking for a federal bail-out (we all know who they are, Illinois, New York, California) who have been fiscally irresponsible for decades (long before the pandemic) with everything from funding pensions to fiscally irresponsible spending, etc...
Now they want the rest of the country to bail them out, so they can continue their reckless spending. The behavior of both public traded companies and crooked politicians need to be held accountable.
Main Street has been socialized and manipulated by the government.
The assault on the middle class continues. Inequality skyrocketed, more businesses closed than opened.
It will actually be a lot worse. Guaranteed.
Collapse is the only future for America. There is no other path to rid this country of the Fed.
This is all part of the World Economic Forum Great Reset to the New Green Communist World Order, which is happening across the west, including Australia, New Zealand, and Singapore. The new administration has said they had signed onto this agenda, which includes massive tax increases plus new taxes, a new digital cashless monetary system using central banks to issue their own currency (tokens) directly to a smartphone and your wallet .
And in exchange for canceling your debt you will give up all assets ;and leaseback those you use, canceling all sovereign debt.
No need for banks as no more lending or need to deposit funds when you have them on your person which Big Tech will get a piece of every transaction.Loss of freedom to gather with family and friends, limited travel even with health and travel certificates, draconian controls on everyone with more and more laws passed. Limited even more freedoms.Complete destruction of most of the small and medium-sized businesses with job losses, financial and psychological devastation .And then they will implement their agenda as the population will accept anything for food shelter and security. Europe has realized what is happening, and riots are all over. Most Americans have not and will not until they hit rock bottom, which is the agenda using the pandemic thru 2022 to assure most businesses are destroyed.
Political gridlock may appear to exist due to all of the jawboning in the press. But when it comes to deficit spending, the only fight is over how much of a deficit they can get away with this year. The fight is over which side gets to spend the most, thereby controlling most of the pie for their particular set of pimps. They even come up with outlandish schemes and psyops to give excuses and reasons for excessive debt spending, ergo the pandemic.
There is little to no restraint today.
All such came about as a result of fiat currency. When the state determines what is profitable, it places no value on that which the free market values. In a free market with sound currency, one can only succeed by serving their fellow man. In a fiat currency manipulated market, bribery in one form or another becomes the guide. There have been instances of such throughout our history, but since the Federal Reserve Act, it has become the dominant method.
The number one reason for wealth inequality is rising taxes at all levels of government along with increased regulations, which add costs to businesses reducing the available amount of capital for higher wages. As the government was taken over starting in the late 60s by the socialists and communists and have had this policy of big government and wealth confiscation thru taxation and regulations. They have been raising taxes and coming up with new taxes at all levels of government for decades now. This reduces disposable income, lowers living standards, reduces GDP, and creates wealth inequality, which impacts more the middle class and especially below the most. The US has become a socialist country with government at all levels taking a piece of the pie of everyone's labor and all businesses profit. The socialist/Marxist/communist plan is to control populations by destroying disposable income, and that is exactly what has been happening for decades. Now with the Great Reset coming with confiscating all property and assets in exchange for canceling all debt and giving you a UBI.
We are entering the final stage of implementing Communism 3.0 using MMT and the World Economic Forum's New Green Communist World Order.
One peaceful way to prevent the parasitic elite from sucking dry the wealth of the country is to not give them your money in return for "stocks." Stocks are a scam and exist for one singular purpose: to enrich the senior management and to provide an "investment" vehicle to drain the citizenry of their wealth. Every pension fund will go broke. It's only a matter of time. In the meantime, much of the wealth of the people will have been siphoned off into the pockets of the Wall Street jackals. And it's not as if there is not an alternative form of investment vehicle that is not simultaneously someone else's liability. Yes, I'm talking about precious metals in physical form. So, while we can rightly rail against the 1% whose occupation is to scam the public, the 99% have, at least as of today, the ability to bypass this corrupt system. Yet hardly any of them use this non-violent, non-corrupt method of investing. So while we still have the freedom to do it, divorce yourself from the system to the greatest extent possible—caveat emptor.
The working class needs a silver standard to have a more equal footing in the world. That is why they always destroy silver or bi-metal standards.
Both silver and gold are money, and the dollar's days are numbered, and when it goes to zero like all fiat eventually does, holders of both metals will have their purchasing power protected. Anyone holding fiat at the time of collapse will be wiped out. I don't care whether it's paper or digital; it matters not.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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 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
Thursday, November 26, 2020
👉Alert : Food Bank Lines Growing Across America !!
👉Alert : Food Bank Lines Growing Across America !!
No jobs, no food, no money, miles-long food lines, and evictions on the rise in America!!
Thousands of Americans waiting for hours to get a basket of Thanksgiving food.
Klaus Schwab the World Economic Forum's founder and the architect behind the great reset theory, once said, "You'll eat nothing, and you'll be happy." Today, American Families are lining up in historic numbers at food banks across the country as the pandemic exacerbates levels of food insecurity for millions of people. Many of them are there for the first time. Long lines form at food banks ahead of thanksgiving.
Food banks nationwide are struggling to keep up with skyrocketing demand, and officials who run them warn that things could get even worse very soon.
Food banks across the nation are seeing a larger number of Americans amid the pandemic. According to Feeding America, an estimated 50 million people face food insecurity this year. Unemployment insurance will run out for most of those folks in December. If this happens in the richest country in the world, it's by design or a previously unimaginable level of incompetence.
Lockdowns, stores closed out, masks mandates and poh-poh out to enforce it all while MS13 and the brethren run around with little to worry about.
Breadlines and poverty for the populace; luxury and nightly parties for the gruesome Newsom and Pelosi. The rich who got those massive tax breaks are now dining at expensive restaurants being pampered with any request.
The rest of us are enjoying Top Ramen for Thanksgiving in a food line.
How sad , our country is getting what it wanted. At least the politicians are, anyway. We, as a society are falling in step with what the governments want. If you have to go out and beg for your food, then you are exactly what they want, someone who can easily be controlled. Without your food, you will do what you are told and not ask the questions that they don't want asked. Have at it!!!! If you are in the position to help yourself and all others then that is a good thing. But we all should be striving to learn how to care for ourselves and thus our family too. If you know how to care for yourself, your family, then you won't have to go out and beg for your food.
America is now a third world country; the only difference is people wait in cars for food.
The Thanksgiving reality of smaller family gatherings is also being met with a growing number of Americans going hungry. The Greater LA Food Bank says demand this year is up 145%, as lines for Thanksgiving turkeys stretched for miles in Dallas on Friday.
Foodbank distribution center across the country with a line of cars miles long, full of people who need assistance to have enough to eat.
During the Great Depression of the 1930s: People stood outside in lines for food. The 2020 crisis: people waiting in their cars for food.With the Longest lines in California, Texas, and Florida!
Hundreds of cars lined up for Thanksgiving food distribution.
Poor americans still use their leased gas guzzler to go line up at the food bank because, most don't own their cars free and clear. Instead, they drive them for a few years and then trade them in for a newer model. Either that or the cars get repossessed. The dealerships know this, but don't care, so long as the cars keep moving off the lots.
The entire system is rigged to stick people into payments. We are debt slaves.
And even worse, if someone is in actual need of food or housing or welfare of some type. If they own a car (even a beater), they consider that an asset and they might have to sell it or not qualify for help. But, if they are making payments on a new car, it's not considered an asset and makes it easier to qualify for assistance.
Pretty bogus, I say.
Thanks God for the workers at the food banks and the people who are behind the scenes filling the boxes and bags to be handed out. These folks have helped keep many families alive. It stinks that in this great country so many people have to go to food lines to put food on our table. Too bad the politicians in Washington don't know what that is like.
We have food banks all over the place, and we claim to not have "bread lines." Now we actually have bread lines in the literal sense. It didn't take very long for so many people to be in such especially dire need. You're all being stolen from every day by the corporations and the bourgeoisie.
The rich in the USA are just laughing at how stupid the masses are. No country as rich as the US would have such breadlines if people were not so ignorant.
Most Americans don't have enough funds saved up to survive for three months. A fourth of people don't have enough to last more than one month. They are practically living paycheck to paycheck.
This is the consumer economy that the Fed wanted. It keeps the money supply moving and doesn't encourage people to save. Because if you save (in a bank or in cash), you're punished by inflation (backdoor tax). Mission accomplished. The owners got what they wanted.
This will only get worse, a lot worse as thousands of jobs are tossed out the door and shutdowns across the country.
It's the American dream gone bad. People took for granted that if bad things happen, the government will look after them, but the reality is that our government does not care; they promise a lot before the election than turn to help their rich campaign contributors.
Rich people don't create jobs. Reaganomics is just outright theft from the productive classes to the parasite classes.
Rich don't pay taxes, but regular people do. Handing things to the rich is worthless. Look at all the pandemic aid they sucked up while laughing at all the small businesses, which were the real drivers of the economy through America's golden age.
Our representative who passed the CARES act in March are responsible. They bailed out large corporations and put the bill on us, our children, and grandchildren.
They are horrible. Why they keep getting voted in is beyond me. My entire life, they've mucked everything up shamelessly.
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 click the like button.
As many of you have asked me about where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future.
Shanti towns, bread lines, dead Americans, hospitals without beds, and dictatorships.
Somehow we always knew this is what the politicians would bring us.
When the state governors shut down the economy in their states, the many middle class owned businesses are forced to close down. It results in millions of good hard-working people, many of who need every bit of work they can find to feed and provide for families, to suffer greatly. It has destroyed quite a bit of the middle class, considering 80% of the private sector works for small businesses, it has devastated many across America unabated.
But one can believe that the politicians, governors, mayors, and members of congress all got paid handsomely through the entire shutdowns. They did quite well, often were caught violating their own dictatorial and harsh directives. Everything from showing off their vast ice cream inventories, walking through airports unmasked, a doctor in the know sitting at baseball games unmasked, mayor going to large gatherings like in Chicago saying they needed to "get out," a California governor seated at large dinners, etc., etc., etc., They said churches, synagogues, and other religious gatherings were not essential in some states forcing many to close up, but their casinos and other major tax revenue sources were more than welcome to operate, and mass protest gatherings, with many resulting in the burning, looting and destroying businesses went on as a constitutionally guaranteed right.
So many ways to take the money when it comes to politicians, but the heck with the middle-class business owners and their employees; they can stay home and put their masks on and wonder where their next meal will come from!
Lesson learned? Don't mess with kings or queens, and especially politicians and their money; they can put you in a damn bread line while they live well. Ever hear the story of why a French king lost his head as his people suffered? It seems in his demise; he watched the guards play with his children from tower confinement, till his son and heir was sent to be brutalized to his death by a cobbler/cordwainer, after his father's untimely beheading. And thus the great Tavernier Blue or French Blue diamond disappeared forever. Some say the cursed Hope was cut from it along with a sister stone, but most debatable and a story for another day. What a tale, one much canstill be gleaned from today.
Everyone in America wanted that cheap junk from China; buying that stuff has consequences. NAFTA was a terrible deal, both parties pushed it through, Perot called it right on the money. Anyone with 1/2 a brain could see what was going to happen. Yes elections have consequences. We were lucky we had a strong economy going into this pandemic. The government gave out crazy amounts of money to people for not working. If they had saved 1/2 of that $600 a week they should be good till next fall, remember they got unemployment on top of that. We have a pandemic alright, a pandemic of the lack of common sense and personal responsibility.
The question is how much longer can this be denied by the culprits responsible?
One big problem U.S is in such a dire situation and not the only U.S but other nations as well are few factors. One is Military spending by the US and wars outside the homeland (20 Trillion supposedly missing or mismanage by Pentagon, how you mismanage that amount makes head spin) Two unprecedented fiasco of pension plans and other social programs (Yes, we need social programs but the system is absolutely broken), bureaucracy and list go on.
Now with the pandemic use as an excuse to Global shutdown economy for a reset, most are wondering what will be next. Absolute bankruptcies are here already and are coming in Global structure, except, of course, few bosses in Casino. They know well, writings had been on a wall a long time ago, but the patient needs its new blood transfusion . Print baby Print.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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 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
Wednesday, November 25, 2020
👉Dow Jones over 30K, During The Worst Economic Meltdown !!
👉Dow Jones over 30K, During The Worst Economic Meltdown !!
The Dow above 30k for The first time in History as Millions of Americans go hungry.
In the midst of the worst economic downturn since the Great Depression of the 1930s, the stock market has been soaring to heights that we have never seen before.
The Dow is at 30,000, while 51 million Americans are unemployed. You are all in for the shock of your life.
The Fed printed $9 trillion and counting in one year. Combined with unprecedented unemployment and virtually no growth prospects. The US is dead in the water, and the masses just haven't realized it yet.
The stock market at all-time highs, and more than 70 million Americans have filed new claims for unemployment this year.
30,000 DOW - Tell me again slowly, why the Foreign-Owned Fed needs continue to print $80B+ every month to intentionally continue destroying our buying power for this fugging fraud of a market.
The dollar is being systematically destroyed.
Inflation will crush the working families.
The same influx of new money pumping stocks now will be the cause.
The stock market goes up because the value of the dollars it is priced in goes down.
These dollars buy less, and you will be taxed on that as a gain in addition to being taxed on it already via inflation big time.
Yep, the best performing stock market was Venezuela last year.
This is Dot-com version 2.0 .Never thought I'd see that level of insanity again in my lifetime; yet, here we are. But hey, according to those salespeople on Wall St, the market is forward-looking, so come on in, the water is warm. Come on Bulls, we can do it. We're only ~29% above the 20-yr historical S&P PE average. The Schiller PE currently stands at 33, so only 4.3 points to go, and we can match the Dec 2000 mark of 37.3. We've already well surpassed the previous market Cap to GDP record of 142.9 from Mar 2000, and setting new records every day now at 178% Total Market Cap to GDP. And don't worry, we have another Fed-puppet who will keep QE rolling along and a vaccine on the horizon that has never been priced in yet - just look at our ridiculous price targets.
The markets understand that there is a lot more QE in the pipeline and way more in the way of stimulus checks from the new Federal Government. When fiat money is confronted by pending, and continuing debasement, real and financial assets go up. Financial assets being a proxy for real business assets. And now, even some moribund stocks are partaking of this mini-boom. Check the history for what happens to stocks during episodes of central banks going wild with credit money creation. For example, the first modern central banker Scotsman John Law in Paris France, in 1720, created a huge boom by jamming more credit into that financial system. Of course, the bust occurred when the credit issuance stopped. Same thing in Weimar Germany in 1922-23 or more recently in Zimbabwe.
What’s driving the market? THE FED. Period. It is the only reason the bubble and all its insanity keeps going.
It's a big fat ugly bubble.
The party will be over when the big government stops printing big debt.
The Fed has always been about protecting the 1%.
The QE comes from somewhere, and it mostly comes from the group that already has less. How much longer can you squeeze them until they are going medieval? We will see it because the central banks won't end the madness until the day when they will be receiving incoming forks.
The Dow Jones is more of a measure of the number of people in line at the local food bank than any economic factor. This is the biggest F YOU to Americans I could possibly think of. Celebrating Dow 30,000 is celebrating the destruction of free markets, the economy, and the lower classes. They are bankrupting anyone and everything to feed the casino class with Ponzi returns day after day. The casino class celebrates Dow 30,000 like they actually did something of value when in reality, all they did was gorge on central bank welfare. If only these parasites could pull their heads out of Powell's behind and think for a second about how they are enabling and encouraging the raping of this country. Enjoy your sick deranged Ponzi death cult while it lasts because a French-style revolution is coming for all the casino class parasites.
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 click the like button.
As many of you have asked me about where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future.
We're at or extremely near the top here. Trump clearly demanded Dow 30K on his watch, but he's ready to pull the trapdoor the closer we get to the inauguration. It's a psychological watermark so that when the market absolutely tanks over the next four years, he can remind people about how good it was on his watch. No question he or Don Jr. will be running in 2024 on this.
Ironically , this is a mirror image of the Tehran stock bubble earlier this year. The pandemic and sanctions were crippling the economy, but speculators were making money hand over fist on the stock market, and many quit their jobs to do day trading. It peaked in August and is now down about 50%. What do they call that? Climbing the wall of worry? Or is it irrational exuberance? Maybe both.
The economy boomed during the roaring 1920s because the government slashed spending in response to the sharp economic contraction in 1920 that followed the end of WWI in 1918 and the pandemic of 1919. Since this time, government spending surged, the economy will go bust instead.
Wonder if the Elites know that Great Reset could also be them being removed from mischief.....permanently.
Everyone will be equally poor. That's the globalist agenda.
This is what happened during the German Weimer Republic. It is well documented by the satirical genius of George Grosz. He portrayed the rich industrialists and banksters of that time, fat on their obscene wealth while children begin to starve, are used as whores, etc.
When banks cut interest to zero, everyone ran into stocks, as if they’re immune from Rona.
Pump and free Schitt stuff only work within a limited window.
The wrath of God is approaching; heed thy warning.
Effectively Zero interest rates . There is no incentive to keep excess reserves, BUT the money velocity for the various measures of how much money there is in the systems tanked with the lockdowns. If we open that economy back up, all of that newly printed money is going to get amplified via fractional reserve lending, and BOOM!
No smoking gun there, but the motive. The lockdowns may not be about what you think they are.
What moron actually believes that rates can rise in 2024? By that time, the debt will be well past $30 trillion.
It will just be a matter of months before the wheels start coming off.
The Fed has now effectively hijacked the Treasury with now two Feds at the helm and no one independent of it.
They have now rolled out two fire hoses to put out the fires. Only one big problem. Both only squirt gasoline.
We are going to start moving double speed down the drain now.
Get your house in order because one day it works, and then by the time you notice it, it doesn't.
Demolition goes fast. It's the rebuilding of a smoking crater that takes decades, if ever.
Money in circulation goes to very very few people who hoard it. The ultra-rich got even richer through the PPP loan programs.
Even if the market tanks, they just Brrrrrrrrrrrr. And inflate another bubble. No price discovery or market valuations ;they just pump it up. So 35k then 40k and more. The question is not if the stock market and housing will go up but if low income can afford a burger next year.
What happens when people start starving which is guaranteed if they continue on this path!
I expect riots before then. The little people can only take so much abuse until they snap.
There is more to it. The elite are engineering the dollar crash.
The more money the Fed prints to help Wall Street will cause the value of the dollar to collapse. It is coming.
The Rich got Richer!
Historic Wall Street Bonuses this Christmas!
During this pandemic, the Bankers and the top 10% got richer than ever before.
And yes, the Rich Bankers have always been in control since the history of mankind. All Presidents, Prime Ministers, Kings, Queens, have always been puppets for the rich bankers.
After the inauguration, and it doesn't matter who gets in, the markets will crash big time, and most of the middle class will be destroyed all by design.
Do not sell your gold or silver stocks cause you ain't seen nothing yet.
If people are still in stocks, especially with their 4O1k's, better transfer it out before their great reset; it's coming!
How can there be short squeezes day after day after day ??? Every last one of the shorts should be squeezed to dust by now !!!
The coming crash will be epic.
The stock market hit 30000 but what is the celebration about? It means nothing if you are without a job waiting on a broken unemployment system to give some relief. More lockdowns, more division, CARES act benefits wearing out, food lines, mortgage forbearance running out.
There always seems to be two big winners in every one of these selections.
1) The Bankers.
2) Government.
The Welfare for Wall Street degenerates are reinvigorated with the fresh long-stimulus/debt trade (free & easy money train) rolling back into Toon-Town at All Time Highs with a freshly bought and paid for Biden and yellow-stain Yellen.
It's almost over. Companies are priced like five years out is now. There is no way they grow into these valuations. The decline will start slowly and then all at once as it becomes obvious to even the shoeshiners.
The market is dislocated from reality by endless fiat creation.
Got out years ago and bought productive assets and went local.
When that Ponzi sheet show explodes;
I will serve my community.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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 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
Saturday, November 21, 2020
👉12 Million Americans will Lose their Unemployment Benefits After Christmas
👉12 Million Americans will Lose their Unemployment Benefits After Christmas
As the pandemic worsens and the U.S. economy teeters on the edge of another downturn, corporate bankruptcies are up 43% from 2019 (including Hertz, J. C. Penney, and Neiman Marcus). Almost a third of Americans missed a rent or mortgage payment in July. A new report is saying that twelve million Americans will lose their unemployment benefits the day after Christmas.
The number of Americans filing first-time claims for jobless benefits rose last week, as new business restrictions to control spiraling infections unleashed a fresh wave of layoffs, which could further slow the labor market recovery.
The number of Americans applying for state unemployment benefits remained significantly higher than pre-pandemic levels .
New jobless claims rose for the first time in five weeks, signaling an increase in layoffs. Restaurant reservations tapered off amid new government restrictions and fear of catching the virus. Drivers bought less gas. And consumer confidence slipped in early November.
742,000 Americans filed for first-time unemployment claims last week - breaking a 4-week streak of drops as the second-wave lockdown impacts are starting to be evident.
MILLIONS AND MILLIONS HAVE ALREADY USED UP ALL THEIR UNEMPLOYMENT BENEFITS.
Unemployed Americans have seen their benefits shrink over the past few months, and the holiday season will bring yet another financial blow.
After Christmas, 12 million Americans will see their unemployment benefits drop to zero, that’s according to a new report from the Century Foundation. As a result, personal incomes may see a roughly $226 million drop.
So, in essence, governments threw money at unemployed workers to keep them quiet during the first months of the psyop.
Now, these people have permanently lost their jobs and will soon lose their homes and apartments. Hundreds of companies bankrupt mean tens of thousands of people had their livelihoods ruined.
It's a big mess. Small businesses especially, are dropping like flies. Can you imagine the bar and restaurant owners? In what industry can governors vilify you for months and expect any different outcome?
Economic momentum is waning, and will shortly fall out of bed. In the meantime, inflation will begin to accelerate. That spells stagflation. Stocks are very vulnerable.
Nearly 1-in-10 companies are planning layoffs in the next three months. That’s on top of the 29% of the companies that have already cut staffing in Q4. Companies are announcing tens of thousands of layoffs. Things look bleak for the millions of unemployed workers looking for jobs as there is also the looming prospect of more corporate bankruptcies and business closures, putting more pressure on the jobs market. More than 420,000 small businesses have closed their doors permanently since the beginning of the pandemic. That represents a staggering 7.1% of all small businesses.
The Fed's money helicopter just crashed.
The plan is to bankrupt the 99% and take everything we own using the lockdowns. Then they make us rent it back from them. Fight back or live as slaves. If we lose, they won't even allow most of us to live at all.
If businesses lay off employees, their business is effectively done. No employees, no business.
Understand the collapse of supply chains. People laid off for any amount of time seldom return. Businesses that provide products to other industries can no longer do so, and their customers fail as well.
The SYSTEM collapses....while former employees are now dependents of the State and reliable progressive voters,not out of ideology but necessary to keep sustenance coming.
The goal was to shut down the economy. The Globalists and Davos bankers believed they would achieve victory for their greed, and the Great Reset would flourish in the recovery. Somehow, everyone in the 1% would Win.
The PPP was a plan to beat the scammers, and it worked in a fashion. The criminal theft was only to be expected. Loopholes abound every time someone puts together a plan like this.
But, the pandemic worked immensely well. It has taken on a life of its own. The World Economy is hurting, and nobody would believe the all clear if it were screamed out by Hollywood all at once endlessly. The pandemic has killed the World Economy, and we only see the start. Woe to us all if they win.
I recently realized that the real problem facing the world is too many people chasing too few jobs. Slick automation is making it worse. Real Buck Rogers inventions. This is why Globalism keeps popping up and why it will eventually win. The Davos bankers will also eventually win a world that contains more than massive unemployment and under-employment.
Endless money printing, aka MMT, only works without creating inflation if you have full employment along with NIRP. Less than full employment causes too much money chasing too few gainfully employed people. The Fed will see its worshiped inflation at this time. And probably, a growing number of trillionaires.
Great job 1%. The pandemic was the catalyst. The world has officially tipped over and is rolling downhill like a growing out of control snowball. The Fed has at best one more massive money printing extravaganza in its 'toolbox.' Then, there's nothing left except a bigger and faster-growing snowball rolling downhill toward us all.
$8 Trillion to banks and their corporations, it's simple, bankrupt everything, give yourself more currency, buy what you want from the ashes, and enslavement for the people.
Any future stimulus should target small businesses, unemployment supplementation/extension, and verifiable pandemic expenses by state and local governments. No general huge bailout for state and local governments. Now is the time to make those long-needed reductions to federal, state, and local government budgets. The need has been there for years. See the state pension funding shortfalls caused by lack of transparency and overpromising of benefits by state officials wanting support by public unions much to the general public's disadvantage, as just one example for the need to reign in their spending. At least 75% of the taxpayers don't work a public sector job, time for us tax donkeys to wait up and demand change.
And the darkest days are ahead.
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 click the like button.
As many of you have asked me about where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future.
CNN is running stories of pitiful folks in miles-long lines waiting for free food in Dallas, most claiming they can't find a job.While small businesses are buying automation because they can't find ANYONE to hire,or even respond to job openings and ads.
This is the glory of State unemployment.The government is paying people NOT to work. It's bad enough that employers pay their employees not to work, but at least employees still have to show up.
Government dependency ensures they never look for a job again, or at least until the teet dries up. By then, they have no marketable skills and no will to even try.
Humans are easily corruptible, which is what gives politics so much power. It is only direct and immediate consequence that teaches us ANYTHING, and once the government removes that, we are as defenseless as a baby.
Financial market prices are now nothing more than leading-edge hyperinflation.
Helicopter money for wall street from our good ole federal reserve does wonders, doesn't it? Wall Street has hit all-time highs. But food lines have hit all-time highs also. Corporations get everything; the rest get nothing. Corporate tax cuts from 35% all the way down to 21%, the fed buys up all their bad debt, zombie companies brought back to life thanks to free money from the Fed, and all them trillions going into the federal reserve inflated stocks. And to top it all off, companies no longer have to issue new debt that will have to be paid back with interest. Now all they have to do is issue new shares of stocks, and the Fed will buy. Wall Street is now an easy street, while others are lined up on poverty street. And the main street has been converted to a back alley street.
We can't pay back the loans we took because the money does not exist, so we have to take on more loans to create the money to pay back our old loans. See how it works. Then when we refuse to borrow more and we can't pay the loans, and since the fed is the largest holder of our debt, they, of course, will repo the USA. Going all according to plan, and it only took 107 yrs.
This is nothing in the scheme of things. The fact the fed or any country's central bank exists is pure criminal. Americans even had it in black and white in their constitution that only the government can issue its money, and they still effed it up. It's a foreign installment. There's nothing federal about it, and it's raping our country.
Just think, if former Federal Reserve chairperson Janet Yellen gets the US treasury secretary job, there will be no more issues. The Federal Reserve will be in complete control. And the marriage between the US treasury department and the federal reserve will then be complete. And the financial takeover of the world by the federal reserve and their international banking masters will be almost complete. Next would be the elimination of our US dollar and all other sovereign fiat currencies and replace them all with a one-world digital fiat currency, owned and controlled by the IMF. Once that happens, mission accomplished.
In the meantime, if former federal reserve chairperson Janet Yellen is selected for our new US treasury secretary, the marriage between the federal reserve and the US treasury department will be complete. And that will complete the merger between the federal reserve and the US treasury department. Notice all the power the federal reserve has gained due to this pandemic? And people continue to call it the Chinese Virus? Yea, sure. Apparently, some of us don't listen to people too well.
The federal reserve has become our new daddy. And in my opinion, the international banking cartel, who actually control the federal reserve, is only in the first stages of their plans. We should see the second stage around the year 2022. The federal reserve giveth and the federal reserve will taketh away. But I could be completely wrong about them also. We'll just have to wait and see. In the meantime, enjoy this well-planned event 201.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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 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
Monday, November 16, 2020
👉The Fed to Double QE in 2021 on The Road to Inflation !!
👉The Fed to Double QE in 2021 on The Road to Inflation !!
The economy is crumbling. Stimulus just pushed Fed’s balance sheet past $7 trillion for the first time ever, having expanded its balance sheet by over $3 trillion this year alone. But top Fed economist says much more QE needed to offset zero bound.
Without injecting $120 billion in liquidity every month, the stock market will crash.
The Fed, which is also buying corporate bonds and junk bond ETFs - remains the first and last line of defense for any equity drawdown.
Money creation has to go exponential.
Where did all that money go? I don't see any change in business closures, food lines, etc. Sure didn't come down to the people. Likely helped all the banksters put more lobster and Opus One on their table.
Something tells me whatever it is; it will benefit them, not us.
Yes, all money printed since the 80s has mostly never touched the real economy. It's been kept in bonds maturing for decades. And when the rich sell their bonds, fireworks will go off.
Down the drain we go. Exponential debt and languishing growth that was occurring before the pandemic (or else we wouldn't have need QE, which amounts to life support) has doomed this country. We are now being distracted with a media spectacle and a public health crisis to distract from this fact.
This is how a zero-taxation economy with rich people and zero rules works. They inflate as a form of taxation. Since there isn’t a monetary standard, every penny that they add to the money supply inflates (taxes) the worker. Since workers aren’t being paid more, they ultimately have their wages inflated away.
The party is over. Chronic QE was already a lie.
But if you keep the interest at zero and keep debasing the currency, what will happen?
Inflation. Your buying power will decrease.
Then we lose reserve currency status; then, the vultures come in to pick us clean.
The Fed is playing a very dangerous game. It is time for tightening and paying down debt for flunky wars and death.
They fully intend to keep the lockdowns going indefinitely. They are to cripple the country so they can give it to their Globalist masters and their oppressive, totalitarian one-world government.
That's part of the plan. Forced vaccinations, cashless society, and the Government so far up your butt that it will wave to you every morning while you are brushing your teeth.
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 click the like button.
As many of you have asked me about where they can buy silver and gold bullion.
You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future.
What good does QE do when all the new money creation goes to people who already have, and none of it goes to those who actually need it? The federal reserve should start at the bottom and move up. Not start at the top and moving down, but only a little. The rich are just getting richer as the food lines are getting longer and longer and longer.
Feed the need, not the greed Jay. The rich will only save the money or reinvest it, while the poor will actually spend the money on things they need. And this will create more demand and more jobs.
All this new money is going to the Stock Market (Inflation). When the Stock Market collapses, the money disappears (Deflation) but stays on the Feds Balance Sheet. So what changes as far as money supply?
If the money went to the people, it would help the whole economy and still trickle-up, but, No they want it All, and they want it now.
This way, they can cry for more sooner. They Don't Want to Fix the Economy !!!
Operation Zimbabwe continues.
Money doesn't actually disappear; some people will just end up with more of it, while others will end up with less of it. But the actual money supply remains unchanged during the transactions. So once the money is created, it is not destroyed in the markets. And all this new money created by the federal reserve puts more money into the economy, but when the fed takes it back by selling treasuries, then it goes back to their balance sheet and is no longer in the economy. Then the money supply decreases.
And I can't comment on the feds balance sheet since they have two of them. The open one that we are allowed to see, and the secret one that we are not allowed to see. And we can't see it because that is where all of the market manipulations take place. And with the secret books, that is what they will use to collapse the markets when they decide to do so. There is still much more control the federal reserve, and their international elite masters want to achieve over the world of money. And isn't it nice how the federal reserve and our US treasury have merged? So much so that Biden is looking at having Janet Yellen, a former federal reserve chairwoman, as the head of the US treasury. Complete control over our US finances much?
Another big squeeze is coming.
Never let a good crisis go to waste. Prepare for bail-ins.
The Fed does not need a catalyst; the only thing it needs is an excuse.
The excuse will be Biden. They'll spend money and unleash the Kraken.
Well, the market collapse is definitely coming as soon as Joe enters the office.
(That'll be the catalyst & just like that, you're retirement money will be next to nothing!).
Printing like that only leads to either a Crack-up Boom or Hyperinflation or both.
There is no exit.
Lehman Bros was the sacrificial lamb in 2008 - just an excuse to print more money!
I'm okay with all this, provided the Fed can also print food, houses, cars, clothes into existence.
The pandemic conveniently gave them the excuse they needed this year to print to oblivion!
2021 - could be anything - guaranteed it will be manufactured BS though!
At the end of this - your retirement savings won't buy you peanuts; that is the certainty!
The Crack-Up Boom we are about to see will make us all Zimbabwean Americans.
The FED is the arsonist and the firefighter.
In other words, central banks will henceforth fund the entire sovereign budget deficit, which is what MMT and helicopter money is all about - it's only a matter of time before Jerome Powell will join the club, and we expect that at some point in the next 3-4 months, the Fed will announce it too will double its monthly rate of debt purchases. One can argue that the creeping economic shutdowns, first at the state level and soon at the Federal, have just one purpose: to catalyze the next crash. And next bailout by the Fed.
Is anyone paying attention to this??!?! Is the gigantic tidal wave I see not too far out a figment of my imagination???
We have been living with an imminent fiscal crisis since 2008, and the ineffective means to contain it haven't changed. What else did you think the motive for the pandemic psyop was?
It's to conceal the fact that nothing the bank cartel has done in the last 12 years has worked. We aren't facing an imminent crisis; we are facing imminent collapse. The bank cartel wants to make damn sure they get their cut before it all goes belly up. Of course, the only source is what wealth the 99% still have. So they proceed to inflate that wealth away. The bank cartel is buying up distressed assets for literally nothing—money they created out of thin air.
Fiat currency and debt-based economies always fail. ALWAYS! Every time they've been tried.
Keep doing the same thing over again and expect different results
- Einstein's definition of insanity. Just keep RIGGING the Casino, and NOTHING ELSE MATTERS.
The fact is QE is useless. All it does is create Bank Reserves. Which is NOT, despite what the Fed and mainstream media want you to believe, Money Printing. The Fed does NOT create money, the banks do, and if the Banks don't want to create money (through loans) because they see too much risk (because they live in the real world!) and are happy to sit on the excess reserves, which pay a guaranteed risk-free return, there isn't a thing the Fed can do about it.
We are still dealing with (not very well) the effects from GFC1 and the continuation of the same flawed Fed Policies, for which the pandemic is providing cover.
Will the fed add more QE?
Vaccine hope.
Trade hope.
Presidential hope.
The only guarantees in life are death, taxes, and the fed continuing to go brrrrrrrrrrr.
Anything else is a waste of time. How long can they keep the plates spinning? As long as Netflix is rocking and there is food to be bought with free money. After that, all the bets are off.
Why does the Fed need more debt to buy?
The answer is Liquidity.
When loans are created the money to service, the interest doesn’t exist in the world. In theory, when money is spent servicing that debt, it pulls larger and larger portions of currency out of circulation. The Fed can create money through QE, but it remains as excess reserves on the bank’s balance sheet until a new loan is created. So really, the inflation will never come the way they want it to until new loans are created, and that ain’t happening. They’re trying to create liquidity to keep the whole thing from crashing into a deflationary heap.
It’s a catch 22 for the central bankers.
Once you’ve let a Ponzi scheme in asset prices develop, you have to keep propping it up.
When it collapses, it will feedback into the financial system.
The more you inflate the bubble, the worse it will be when asset prices do collapse.
The poor things just can’t win.
The central banks are kicking the can down the road for an almighty crash at some time in the future.
Things are going to get very nasty at some time in the future; we don’t know when that will be.
"Who cares? As long as it wasn’t on my shift. Hopefully, Jerome Powell will be left carrying the can” Janet Yellen.
In 2020, the world is a Ponzi scheme of inflated asset prices.
The use of neoclassical economics and the belief in free markets made them think that inflated asset prices represented real wealth accumulation.
The central banks have to keep pumping in liquidity to stop all the Ponzi schemes from collapsing.
When banks have been lending to inflate asset prices, the financial system is in a precarious state and can easily collapse.
The central bankers were struggling to keep all these Ponzi schemes going before the pandemic.
So this crisis will bring central bank crypto digital controls of everybody that has a dollar, earns a dollar, is on the government dollar tit, and so. Yup, that includes you and me alike. So, this is an opportunity to enter the brave new brave world of digital controls.
Are you optimistic of this technocratic 4th revolution coming to humans? It will truly be an out of body experience controlled by trustworthy fellow time travelers.
Thanks billy, your billions were helpful.
Double QE in 2021.
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 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
Subscribe to:
Comments (Atom)