👉 R.I.P. Middle Class America

👉 R.I.P. Middle Class America




We are no longer the wealthiest middle class in the world. The country is falling apart. In the US, The Middle Class is shrinking. Pew Research Center data shows that in 1971 sixty-one percent of adults lived in middle-income households by 2016 that the number was down to 52%. Americans as a whole now have over thirteen point eight trillion dollars in debt, a number that's gone up nearly every quarter for the past six years. Almost 40 million Americans have lost their jobs since the coronavirus pandemic struck in March. More than the population of Canada. 21% of Americans now rely on welfare, 80% live paycheck to paycheck. The number of people living in vans and tents has been increasing at an alarming rate. The Middle Class is disappearing, squeezed between taxation and inflation. Goodbye Middle Class: The Percentage Of Wealth Owned By The Top 1% Just Got Even Bigger. Previously affluent middle-class Americans are now queuing for handouts at food banks, as America experiences the worst downturn since the 1930s and the Great Depression. This is what happens when your government doesn’t have a furlough scheme and gives the money to the executives Instead. As the cost of living has risen faster than our incomes have, more Americans have been squeezed out of the middle class with each passing month. Credit cards, student debt with no degree/worthless degree, 10-year auto loans; Cry me a river. The K-12 cartel has become a de facto Stupid Factory, stamping out worthless slugs. The majority have been forced to hand over their wealth to the state to fund their pension Ponzi. Pure socialism and that pension Ponzi is a debt. There is no capital. The end result - wealth inequality, pensioner poverty, austerity, high taxes, lack of investment. If you're not prepared right now, it's too late. Wait till the food Shortage starts after this year's harvest. The Farmers were not able to plant, thus harvest yields are low and will continue to be low for years to come. Food riots are coming to a city near you. There is still time to plant veggies. Food shortages: Fiat Money is backed by food. New Dumb Serfs are born every minute. Future Tax Serfs Will Work for food and water. You trade your time for money. Read Food/Water/etc. Your time is up when you go broke (Deep in debt) and/or can't work anymore. Of course, these opinions of mine are a bit obscure & don't apply to the wealthy. However, given that people work for more than the essentials, like food, clothing, and shelter, not working means no essentials, and though I oversimplified it with food, you'll understand better when the food supply gets disrupted. Venezuela understands this all too well; Zimbabwe does too. There are only two classes left in this country. Those who have enough in the stock market to make a difference. And those who don't. And the gap grows wider. Where is the fair return on savings? The good old USA - has the worst wealth inequality in all countries. Three people - Bezos, Buffett & Bill Gates - combined wealth is more than the combined wealth of 50% of the country. Absolute worst in the world. Even in India, it takes nine persons. Proving the USA is even worse than India on the wealth inequality measurement. After the coming crash/reset, only a small percentage of people will have the resources/savings/knowledge to keep their own homes, those with large mortgages will get smashed. Wealth will flow into a monied/property-owning class, which will be between 5-10% of the population. The rest of the population will never have the chance to own property or assets. They will have to live hand to mouth. At the minute the hand to mouth class is roughly around 50-60% and growing every year, let say it grows at 3 to 4% per year, then within a decade this will come true. Sadly, this can't be stopped. Many people have already given up and now base their entire life on a hand to mouth, week to week existence. The youth see no future, instead of rebellion like the punks of the late '70s, these downtrodden kids are happy enough to dodge reality by playing Playstation or talking to imaginary 'friends' on social media. The American neo-feudalism will be the logical conclusion of the American clan-corporate "capitalism" imposed by the USA in 1913. It is the giant sucking sound of our fascist government using corporate socialism to bleed the taxpayers to support the kingmakers. The upper class has already taken a good chunk out of the stock market. Now They're waiting to buy everything up cheaply after the crash. This Depression will transform America beyond the obvious. Just wait until the FED wants to inflate away the debt. The middle classes will disappear completely or be redefined as the 90% to 95% percentile. Middle-class America, You are an endangered species, your children and grandchildren will pay the COVID debt through their organs and labor. We are less than a decade away from Soylent Green, and yet the ignorant masses come out every Thursday at 8 PM to clap and bang on their pots and pans. They are the dead men walking but are too stupid to realize it. Whilst they can't sleep at night through fear and spend their days praying to their God ( The big government) to make it all better again. They are willing to line up in an orderly queue, keeping 6 feet apart, to be slaughtered by the same people in power they worship as gods. The middle-class private-sector class was already mortally wounded after Clinton, Bush, and Obama. This is the final nail in the coffin and will eliminate the private sector and the American middle class. The only sector that has survived is the government employees who continued getting paid even while they were shut down. The USA will become more like China, where the brightest student fights each other for a government job instead of some private sector work. So many Americans are happily bought off for a mere $1200. Acceptance of slavery is worse than slavery itself. Offshore accounts hide over half the wealth of the uber class. We cannot compare the lower 99.99% to them. They own half of this planet. All roads lead back to the fiat money system. It was introduced to tax and enslave the public. What we need is a sound monetary system without government interference, precious metals, or barter. We are forced to accept a currency that loses value every single second! The rich, in collusion with the government, have robbed the middle class blind! How is the poor responsible for all the money that is being printed out of thin air to bail out banks and big corporations!? We pay taxes to feed the 1%. We are carrying a huge parasitic load.No more no less! We are truly slaves, and those who vote and support this sick system are simply clueless! Bottom line in two simple sentences: - You suffer because you are forced to use federal reserve notes. -Your life sucks because the Fed and the Wallstreet gang stole all the wealth of the nation with the help of the guys you vote for. Period! The Fed creates wealth for those with political power. It destroys the wealth of others who lack political power. In the beginning, the gross numbers are impressive, while folks at the bottom suffer. In the end, even those who receive wealth transfers lose. By the time the economy collapses, everyone has forgotten what caused the problem. "It's called the American dream because it isn't real." The American Dream no more. The American nightmare more like. The reason they call it the American Dream is because you have to be asleep to believe it. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the full truth, and nothing but the truth. The middle-class family life and security have largely disappeared. The first cause is "neoliberal globalization" is something far less organic, or evolutionary than many would like to believe. It has to do with free trade, outsourcing, and the transfer of huge amounts of capital, entire industries, and millions of jobs to places like China with near zero-cost labor. It was not the working & middle class that benefited. They lost. It was the multinational corporations, the investment banksters, and the rich who benefited. From the 1980s on, all our governments, and all economists knew what this was doing to our economics, and they all knew the trend which was bringing out nations from creditor nations to debtor nations. The banksters in the West loved it because with the increased deficit financing trying to maintain our standard of living, the governments had to borrow more from them. In the process, they became even more powerful. With fewer jobs, less cash, there was less security for the things which really matter in raising a family - all supposedly because we want to buy our ticky tacky at the lowest possible cost no matter what it does to us in the long run! As for China, the one-child policy which began in 1980 and which has caused huge demographic problems for that nation, was, in fact, a condition of the US for opening up the trade that went back to the 1972 Nixon-Kissinger negotiations with the PRC government. There was no need for it as the Chinese people were already on their own, reducing their offspring from 6 per couple down to 3. If the anti-child, population-reduction elites who run our nations were behind the Chinese one-child policy, as well as our own anti-family and population-reduction policies, as most certainly they are, then they of all people were in a position in overseeing free-trade to see exactly what it was doing to family security in the West. The fact is all of the elites are bastards, and they only way the middle class will have any peace or justice for any kind of security is to remove all of them from power and strip them of their wealth. Since they deregulated banking and took off all the safeguards put in to prevent a 1930s style crash, we immediately get three crashes in 20 years. We need to ban banking across state lines again, and Amazon needs to be broken into 50 independent pieces. The people that fled the renter status of Feudalism by settling the new world became owners. The country that threw out George the Third was almost totally middle class because most people lived on farms and in homes that they owned outright. The foisting of the FED was the destruction of a real middle class since inflation forced people to borrow from the banksters in order to build what they could do independently before. Property taxes are an abomination since it converts everyone into renters. The definition of the middle class, no matter how impoverished, is someone who owns his property entirely unencumbered by debt. Today there are three classes in America. 1) The One percent. 2) the middle class, which is 12% of the population, and actually making a living wage. 3) The NEW LOWER CLASS which makes 87% of the population. Globalized wage slaves with huge indebtedness. The middle and the poor get harvested, and the rich get richer. This was the real purpose of globalism. The best way to define the "middle class," is this: people in the middle class borrow money from banks, for houses, cars, etc. The lower classes can't borrow, and the rich do not borrow, except through corporate entities, which are actually quite legally distinct. Now, some bloke out there with a $10k/month mortgage certainly would say he is upper class. He is the upper middle, perhaps. The working class is what created the middle class. The educated working class was the upper middle. Now they're just all a bunch of debt slaves. The outward projection of the 'middle class' looks good, but behind the scenes, it's living paycheck to paycheck. The only difference is that they're doing it in a nice house on the West side of town instead of a trailer on the south side down in the bottoms. "The ceaseless rise of non-discretionary costs " Costs are rising at a ridiculous pace, property taxes, utility charges, and fees; the outflow is getting to be pretty heavy. It will be interesting to see who ends up naked when the next tide goes out. The Elite feel you should be happy to have a job. You don't need savings or financial security. Now quiet down, and get back to work. Exactly, all by design to keep you slaving away while barely keeping your head above water. Same as it ever was. A roof over your head is also a luxury to the elite. Being middle class rather than muddle or upper class puts you at bigger risk from the government than either the rich who own the government or the muddles who really have no assets face. In ten years, we'll have more government no matter who we elect, and it's the true middle class who will suffer from it. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!















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

👉 Retail Apocalypse A Tsunami of Retail Bankruptcies and Closures in 2020

👉 Retail Apocalypse A Tsunami of Retail Bankruptcies and Closures in 2020



Even though we are slowly reopening across the board in the majority of the country, many businesses are still closed or will never reopen. We are seeing it in retail, and in health, we are seeing it in hospitality and travel. The Most Retail Stores Will Be Closing.COVID has hit retailers hard. EMPTY STOREFRONTS ARE BECOMING A COMMON PART OF THE Cities LANDSCAPE. People don’t want to drive miles and wait in line and potentially get sick for things they could have delivered to their homes the same day. 2020 will see a retail apocalypse, A Tsunami of retail closures, and bankruptcies. An unprecedented retail crisis never seen before in American history. More chain stores will be disappearing, and several mainstay retailers are rethinking the whole idea of having brick-and-mortar locations a staggering number of stores have shut down. And it is not just about these big chains, three-quarters of retailers are small businesses, and those are the ones that are really at risk. As the toll of unemployment in the U.S. is growing each week, for more than two months. Many economists and experts believe some of these lost jobs will not come back any time soon. With consumer confidence low, when people do not have two nickels to rub together, when people are not making nearly enough to live. What do you think is going to happen with the retail sector. That is the particular concern in the retail sector. Over two million Americans have now lost their jobs in retail. Stores shed jobs, of course, as sales plunged. A record 16.4 percent down from March to April, a bloodbath for the economy, since retail accounts for about half of all consumer spending, which in turn drives some 70 percent of economic activity. In acute pain, clothing stores, where sales have tumbled nearly 80 percent. Already struggling department stores are down about 30 percent. Include that well over 50% of restaurants won't survive on 50% less occupancy, which means 50% less revenue. When many need 85-90% volume, and a high table turns over just to break even. The pandemic has speeded the shift to online, predicted to jump from 15 percent of all retail to fully a quarter, good for virtual stores, disastrous for ones you can walk into, many of which have now gone under. As a result, it's harder for retailers to both pay their debts and stay current to compete with behemoths like Amazon and Walmart. Now, across the country, some stores are opening up. But, even if retailers open, are people ready to go shopping? Even among those who may want to go out and shop and miss that activity, a lot of them don't have the means to do so, or they're reluctant to spend because they're nervous about the economy. Confidence takes a moment to destroy. It can take many, many months to come back. My guess is that 30% of businesses will not return or won’t last long. And about the same percentage of people will remain unemployed. This setback will cripple the economy for the next ten years. The debt incurred will be the pandemic killer! And while operating at reduced capacity under new rules now, businesses are passing the buck onto consumers. Extended hours, limitations on the number of customers allowed, improved sanitization methods, and a barrage of personal protective equipment; All comes with a price tag. Some businesses are tacking on a COVID surcharge as they navigate through the pandemic. Now consumer experts say these surcharges may push customers away. Macy's said that sales were down 45 percent. Because of online retailing, it is likely that at least half the brick and mortar retailers were on the extreme margin of solvency already. Online shopping already accounts for 11% of retail sales. The good old days are gone when mall managers wouldn't even meet with anyone not representing a AAA national chain tenant. Now they are offering free rent and incentives to CBD sellers and hot dog cart owners. Thrift stores will become anchor tenants. After JC Penney filed for bankruptcy, Hertz also filed for Chapter 11 bankruptcy amid rising debt and a sharp drop in demand for rental cars during the coronavirus pandemic. The company is the latest business to fall victim to the coronavirus. This is just a start. We will have many more to see. I have seen news Aldo is also looking for bankruptcy Insurance. Pier 1, JCP, Kohls, Macy's, Foot Locker, Nordstrom. Then the Universities and Colleges. Starting with Halloween to Christmas, there are no parties, no celebrations. Rice and Beans for Celebration. Just wait another 60 days when the enhanced unemployment money dries up. There will be 50 million unemployed with not a pot to piss in. The depression is only in the unfolding stages, and the economic collapse that is coming will make the virus look like a picnic. Let’s make a list of those that are still able to make the rent: 1) Gun shops. 2) Liquor Stores. 3) Grocers. 4) Coin shops, (thanks to the gold and silver stackers). 5) Weed dispensaries. 6) Fast food restaurants. While dams fail, bridges collapse, communities deteriorate, and homelessness grows, while jobs and the US economy are offshored, the environment is degraded, and health care needs go unaddressed.US Billionaires are up 460 BILLION in just two months. And Will be UP a TRILLION, at a minimum, by fall 2020 election. Tens of trillions to Wall Street, the banks and corporate welfare socialism. America is simply going to drown in its unaddressed debt problems just as New Orleans drowned in Hurricane Katrina. America's economy was never strong; it just printed more money. This is just the beginning. It will get much worst when the looting, riots, civil disobedient, the chaos starts. Coronavirus has left the US in economic devastation. Most small businesses and service industry jobs have been eliminated. Airlines are sitting. Restaurants closed. No sports or any gatherings. People are hurting and need money badly. Forty million jobs lost in 7 weeks. America is on the verge of losing everything. This Economy is not going to just bounce right back. It is going to take years to recover from this. It'll get extended beyond the election. Bank it. The real ugly will hit at Christmas when all the businesses get to see first hand how broke many are now; and spending for Christmas craters. Many will be homeless as banks take homes and apartments. People do not own anything. We will be a third world country very soon. The Fed and the Banks will own everything. When you take a 30-year note on a house or property, you are really buying almost three houses in the end, you keep 1 for yourself and give 2 to the bank. Depending on your interest rate, that is. But its never really your property. The county will stick a gun in your ear every month and tax you. Right around here, I see people paying $10000 a year on their house just in tax. Imagine what taxes will be after this COVID BS with no income coming in for local governments. State pensions are a disaster. Politicians want to give hundreds of millions away to the homeless and illegals. They only get their money from taxes, your taxes. Inflation and taxes are going to explode. That's why GE and Ford and GM, GE, all those old money blue chips are gagging on pensioners that they promised to pay. Well, now they can't pay. They are pension guarantee/distribution companies that just so happen to make cars. That's the result of 4 decades of neoliberalism, capitalism on steroids, ' more is never enough' a dog eats society, without humanity. This is gonna suck for a while, but we are finally seeing what is important and what is utterly useless. Overpaid, useless politicians. Social welfare at taxpayers' expense with no accountability. Institutions of higher learning that rib and exploit young people while offering a useless degree and debt, while tenured professors are basically fat parasites living off the servitude of young people who can't find paying jobs. And the list goes on. We could see societies on a global scale go back to simple living, learning skills, or knowledge that fixes problems and not teach victimhood as currency and a real responsibility to the community that results in positive action. One hundred years ago, you knew your neighbors and helped them when they were in need. Most people don't know they're neighbors name right now. I really think this was one of the goals of the virus scare. They want to eliminate most physical locations of commerce. Everything is to be done online - less travel, less mingling with other people, less competition, further economic globalization, elimination of thriving local economies, ultimately moving towards global technocratic communism. Things are a whole lot worse than you know. Historic highs, Monstrous lows; Everyone broke; Little hope. Sounds like a job for the WAR option. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the full truth, and nothing but the truth. THE American ECONOMY is COLLAPSING! This is THE WORST DEPRESSION IN HISTORY IS JUST AROUND THE CORNER, ONCE THE REST OF THE WORLD REALIZES THAT THE US DOLLAR IS WORTHLESS! The Day of Reckoning approaches. Most of these businesses have their doors still open only because they do not pay rent. Once they get evicted, they cannot pay their suppliers and employees, and the chain reactions begin. Meanwhile, Robinhood traders clicking their mouse and popping anti-depressants like they were tic-tacs, continue to buy their lottery ticket shares. The chaos will not be a sudden meteoric event. Instead, it will be a gradual and insidious process. The poor dumb American will be bankrupted and evicted in a controlled process. At least that's what the globalist have planned. But, by the very definition of "chaos," this will not be predictable by any means. We must rationalize the pandemic's aftermath in a thoughtful and mature way. Rashness and impulsiveness will not serve the cause of righteousness. Listen to what your conscience tells you. Follow ITS proddings... for that is the voice of God. Do not succumb to any "relief" initiatives given by the government. Seek civil disobedience movements. Deny vaccinations. Defy gubernatorial edicts. We must act as a hive. There's no way they can control a free-minded people. Huge swaths of "Main Street" properties are owned by Real Estate Investment Trusts and another high flying, HIGHLY leveraged investment consortium. A lot of Mom & Pop investors bought shares in these financially engineered Flim flams thinking they were investing in something tangible - real estate - not realizing that they were really investing in a complex smoke-and-mirrors shell game run by rogue accountants. Commercial Real Estate has, like everything else in the Financialization Of Everything world, been used as collateral for financial instruments running 25X - 50X - 100X leverage. It's subprime and jumbo mortgage meltdown version 2.0 waiting to happen, and once again, nobody could have seen this coming. Dang coronavirus! Everything was rock solid until that pesky bug showed up. Now the financial system is going to need another bazillion-dollar liquidity infusion from the Federal Reserve. The whole American economic system is very predatory and unforgiving and doesn't have any resilience when something disrupts it. In the end, it's the poor people who suffer, and most Americans could give a damn. It is a very poor system by any measure. The system was designed by the elites, for the sole benefit of the elites. 99.9 % of the population has been screwed every which way, and those that control the issue of money, simply get more wealthy and powerful. To end the Fed, one has got to bring down their masters. The Banksters are a gang of criminals - they are the head of that snake. We, the people, are definitely screwed! You don't pay your car loan; they take it. You don't pay your country's loans; they take it. Here is the kicker; they bought the country with the paper they print. PAYDAY!!!!!! Why have Americans allowed this to happen? Our forefathers properly warned us. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

👉Mortgage Crisis has Begun Mass Foreclosures & Mortgage Market Mayhem.

👉Mortgage Crisis has Begun Mass Foreclosures & Mortgage Market Mayhem.


4.7 million Americans cannot pay their mortgages right now. That's a million and a half more than in 2008. In May, 8.8% of mortgages are in forbearance. One-third of the American tenants stopped paying their rent. Millions of Americans unable to pay May's rent and mortgage.Up To 30% Of All Mortgages Will Default In Biggest Wave Of Delinquencies In History. The Mortgage Market Is On The Verge Of Collapse. The Mortgage Crisis has Begun, with mass foreclosures and mortgage market mayhem. Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income. More and more tenants are protesting, paying their rent. Missed rent, in turn, adds up to landlords who can’t pay their mortgages or property tax. And then cities and states will struggle to provide the basic services that tax payments fund. Tenants can't pay their rent. Then owners can't pay their bank mortgage. Then the banks collapse. Welcome to the future, folks.And what about the Ponzi scheme that allowed the mortgages to exist at all? A Ponzi scheme with no incoming payments collapses. And that is exactly what is going to happen. But don't worry, the bank executives will be just fine. The economy’s dead, and as is standard practice these days, the autopsy report will make no mention of pre-existing conditions or diseases, it will just say Corona. In Los Angeles County, they announced tax increases starting June. So a bunch of people lost their jobs, and oh yeah, your taxes have gone up. It is insane that construction workers pay more in taxes than amazon or Jeff Bezos, who’s worth around 130 billion dollars. State and Federal government tax everyone at an average rate of 7% on everything. Corporations get their money from the exploitation of the working class' labor. Large corporations got their tax breaks even when the economy was booming. Ordinary folks can't get a break even when they can't pay. April and May are pretty irrelevant. The crisis has barely even hit. Just wait and see how those numbers change in the next few months after the real fallout from this crisis hits and after the unemployment money potentially runs out. The first $2.2 trillion bailouts will take us out to about the beginning of summer. Then what? In the coming months, there's going to be a wave of defaults within 6 to 8 months that will make 2009 look like a blip. Skid Rows will be created all over America. Even before this crisis, a lot of Americans were living paycheck to paycheck. Some were spending more than half of their take-home on rent alone. Now that they're stuck at home and don't know when they'll get back to work, they've got some tough choices to make. More than 38 Americans have filed for unemployment since mid-march leading to long lines sneaking into food banks from coast to coast and rent strikes across the country, from New York to Los Angeles. More than one-fifth of Americans said they had little or no confidence they can pay the next month´s rent or mortgage on time, a survey found. In April, we witnessed the largest single-month jump that has ever been recorded. Mortgage delinquencies surged by 1.6 million in April, the largest single-month jump in history, according to a report from Black Knight, a mortgage technology and data provider. The data includes both homeowner's past due on mortgage payments, which aren’t in forbearance, along with those in forbearance plans and who didn’t make a mortgage payment in April. At 6.45%, the national delinquency rate nearly doubled from 3.06% in March, the largest single-month increase recorded, and nearly three times the prior record for a single month during the height of the financial crisis in late 2008, Black Knight said. Frustrated and struggling Americans took to the street across the country in rent strike as bills come due, and families face hard choices. Many states have suspended evictions or foreclosures during the pandemic. The governor of New York said, there's a moratorium you can't evict anybody for three months. California and many other states and cities have followed suit, pausing evictions for the next two to three months. A growing movement is now calling for a rent strike. But after three months, In July, the eviction notices are going to come, the homelessness problem is going to rise, and the real economy is going to be sacrificed to the financial sector. The American economy will look pretty much like Greece. It'll be in austerity. There will be people who don't have jobs. They are going to be evicted from their apartment. They will have to run through the savings. They will not be able to pay their credit card debt and other debts. So arrears are going to rise, and the banks will be squeezed. And Trump says the one thing we can't save the people, but we can save the banks. The Federal Reserve has enough money to keep all the banks afloat even if they're not getting the mortgage payments, even if they're not getting the debt collection. And the banks can now make up for the money they're not getting by having a huge new market lending money to private capital and to the large companies to buy out all of these small businesses that are going under. It's a bonanza. And that's what Trump said that'll make the country rich again, meaning the 1%. Not a problem when the Government prints money, and the peasants don't have to rely on the elites to lend to them. Or is using the "magic wand" only okay when it comes to bailing out the wealthy, propping up their portfolios by manipulating the stock market. As a result of Wuhan flu, most companies in the US declare bankruptcy, financial institutions stick their hands out to Fed, Fed fills their pockets. Companies borrow from financial institutions (again), lenders on hook for unlimited amounts of money with no fear of risk. Rinse and repeat. The FED balance sheet (the one we get to view) will be 12-18 trillion in the next 6-12 months. All hands on deck to keep the stock and bond market from imploding. They are going to cannibalize and feed everyone to their friends on top. We see the collapse of civilization as we know it. And, This is only the beginning. We have a $22T debt owed to a private central bank. That is the problem. They buy bonds and flood the country with money. Then, those 10-year bonds mature, and money is transferred from wherever it was, back to the central bank. That is the problem—private central banks. There is no way out peacefully. The powers that be think inflation is prosperity. They are firmly squeezing the economy into hyperinflation, where they own everything, and the people are left to perish. The banksters don't need us anymore, and the real disastrous calamity has yet to occur. This is the retirement of bonds purchased by the fed for QE2. There's a 3rd wave, due over the next year. Ten years from QE1 happened in 2018. This is QE2. Quantitative easing 3 is due to retire shortly. The money supply will be hugely contracted. Money has only served to enslave those who can't create it from nothing. We need a new course, with or without money. Where your inspiration and drive can manifest tangible and beneficial results, everyone has some talent or ability that may or may not be harnessed, because of the question "how well does it pay?" It's not human nature to be selfish or greedy. That comes as a result of deprivation or scarcity. Some people may always behave that way, but if there were enough for everyone, that condition would surely subside. It will become our duty to rebuild this great nation. I hope we have the ability and the commitment to make it how the founders desired, with liberty and justice for all. The government causes the problem for the people, then the people go to that same government that caused their plight and expect different results. The government might keep you alive. But only self-sufficiency and your own critical-thinking will turn lemons into lemonade. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the full truth, and nothing but the truth. What is clear is that Americans don’t have savings. That most Americans are living paycheck to paycheck. Half of Americans have less than one month's savings. Even small business owners and entrepreneurs. We have the lowest minimum wage rate in the world. Things continue to get more and more expensive, yet wages never go up. For decades you lose if you have “savings.” Cash devalues 2-3% per year from inflation pre corona. The only yield for commoners to keep up was gambling in the stock market. Now that’s demolished and pilfered. Rip off capitalism for the Dollar printers and lenders (lending what they print that costs nothing) and theft of time and resources from the serfs. This is Feudalism 2.0. The message from state governments to all business owners large and small is, "You exist at our pleasure, and we can cancel you in a minute. You will kowtow, or you will not have a business anymore." I believe that was also the arrangement under feudalism. We destroyed that paradigm when this country was founded. Now we have reverted to it. What in God's name happened? 2/3 of landlords are renting rooms or one stand-alone house. They are not rich. The Government is the cancer, no matter the form. Anyone who is a landlord knows the precise point: "People dealing directly with people can figure everything out." The Hobbesian view of every man against every man is pure nonsense, as man's default condition is one of mutual cooperation. Of course, bad apples exist, but if Hobbes was right, humans would have gone extinct millennia ago. Government creates the discord, not people entering contractual, voluntary relationships. What we have now is socialism for the corporate welfare bums and debt for the slaves, which doesn't work either. Large businesses own the state. They use it to crush the competition. This means that the banks and government will be the major owners of real estate in this Country. The end result is the fed (a private bank) buys the property for pennies on the dollar. Why is it landlords and lenders who get jacked? Most landlords are just regular businessmen too. And, keep in mind, the Land Lords will still have to pay the property tax to the Grube, which is the lion's share of every payment anyway. Landlords will default. How can they pay taxes under such extremities? The government wants to own everything. This is communist! The only one's buying will be banks. In the end, banks will own everything, and everyone else will be a serf, and they will be your lords. The banks get your property, that was the plan, part of the pandemic. The Banks bleed you first, then take the property. 30% or more of mortgages could easily be in a state of default by the time this is said and done. Try kicking 1/3 of the country out of their homes. You'll have a population that is no longer fat, happy, and comfortable. That's when you have to worry about the boogaloo. Whatever they do, they will NEVER let the markets clear on their own. Never let anyone go broke again, least of all the banks. Never let the debt Ponzi end. Never let anyone who has been fiscally responsible with their life or business have a shot at succeeding when others less responsible fail. Never let anyone get ahead in society by their own effort and intelligence. Never let consumers decide what they want to buy with their own money, nor producers provide it for them of their own free will. Never let anyone who defers immediate consumption in favor of profligate spending be allowed to gain by their behavior. The sad part is that bankers would rather evict you and have the property vacant and rot than negotiate a much lower rent and forbearance. We did bailouts in 2008 and crossed that moral hazard again when the government and fed literally handed out 6 trillion and counting this time around. I think only 500 billion went to the plebs. Time for a Debt Jubilee! Wall Street essentially gets at least once a decade. Now it's the tax slaves turn. I am, like you fiscally conservative and have virtually no debt, but my sense of fair play says it's time. Time for a debt jubilee and a return to honest money.Although I am sure that the debt shackles ain't coming off serfs without a BIG fight. We live in a system with $10.000 GPD per every human on the planet, $40.000 debt per every human, and $200.000 derivative per every human. It is unsustainable, and now with Wuhan's plague irreversible that we are at the endgame. It may take a decade, but endgame it is. And fine by me, debt should be something you are scared off. At the end of the day, it's mathematics. Usury is exponential, and our world is finite. Why not look at modern-day Russia instead, who is doing quite well after defaulting on its debt. We have an option, either cancel the debt or become debt slaves. The world owes hundreds of trillions of dollars. To who????? The system is rigged. Time to change the rules. This Coronavirus is the excuse to transition us into a global, communist, totalitarian, satanic, one-world government. The quarantine was the most diabolical event ever perpetrated. Millions of people instantly all out of work for two months because of unreliable models, Mainstream media, and cabal propaganda. Tragic, so many fell for it. And with so many, it will be nearly impossible to break the spell. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

5 Things to End The Dollar As We Know It.

5 Things to End The Dollar As We Know It.


America is in full-blown depression, total economic collapse here. We're facing an unprecedented crisis. We are going to pay a heavy price, not for the disease, but for the government’s financial and economical cure. There is falling confidence in the US. The US Dollar is based purely on confidence. Money can be printed. Wealth cannot. The dollar today is nothing more than "fancy electronic bits. Even toilet paper is worth buying in the tsunami of confetti that the FED is unleashing. Events happen at a much quicker pace than they did in the 19th century. The US Dollar will certainly decline faster than the British Pound. Funny how "sterling" is still used in reference to British fiat currency. It should never be used in that context anymore. The correct term is only "British pound." Until 1920 British coinage was truly sterling, 92.5 percent silver. Then through 1946, British coinage was debased to 50 percent silver. From 1947 on, there is no silver content in British coins. British gold coins had a fineness of 91,666 percent gold. Every empire reaches a high point and then begins to decline. We are experiencing that decline, and it behooves us to create a soft landing for ourselves, rather than try to fight the inevitable. He who does not learn from history will suffer the consequences of that ignorance. Those who make loud noises about resurgent American exceptionalism, remind me of middle-aged men, trying to court young women. That day has come and gone, and the noises they make, only sound foolish. It is axiomatic that the US dollar's hegemonic status derives directly from the geopolitical hegemony of the United States itself. Since the latter has been in decline for several decades, it's only to be expected that the former will follow. Another 2.4 million Americans filed for first-time benefits last week, bringing the total to 38.6 million since mid-March, the Department of Labor reports. First-time claims have declined for seven straight weeks, but joblessness remains a crisis in the US. Across the country, families are lining up at food pantries because they cannot afford to buy their own food. The lines stretch down city blocks and extend for miles down country roads. Food banks across the country are overwhelmed by the growing need. If we don't guarantee even the most menial of workers a living wage, then we're not a free society, we've only changed the mechanics of slavery. This is neo-feudalism. It is the global power play to control us all. The giant GOP tax cut for billionaire donors and corporations didn't do the middle class, a bit of good. And it ballooned the deficit and debt to unsustainable proportions. The dollar will drop as The Fed monetizes the outrageous deficits. The collapse is the new normal, but now the apocalypse is coming. Brace for mass bankruptcies, foreclosures, and repoes towards the end of this year. I see more and more empty commercial space every weekend when I go for a cruise around town to see the carnage. A lot of businesses are hemorrhaging cash and holding out and hoping things return to normal in a few months, and when that doesn't happen, we're going to see all hell break loose. When the overall economy catches a cold, the state and local governments develop pneumonia. State and local governments obviously have been hard hit by the COVID-19 economic crisis. If investors take the loss, then no one will lend them money anymore. Bureaucrats and pensioners will have to have the hair cut. We have to give investors money, or bureaucrats will suffer. If it's good enough for the millions of Americans put there because of health care costs, why should investors be exempt from bankruptcy! Why should the people and taxpayers of America be bailing out poorly run states (like Illinois, for example) and cities. California alone has over a trillion dollars of the over five trillion dollars in unfunded pension liabilities. Bankruptcy is a fair way to distribute the pain fairly. Let them go bankrupt. NO state in the union laid off that many "excess employees." Yes, we need police and emergency protection. Everybody else could have been laid off. The global economy is in deep trouble. It's impossible to prevent a collapse when the Fed is creating dollars like Weimar Germany produced marks. Other countries are hyperinflating too, so we might be able to keep foreign trade going in dollars, but we're doomed to have double-digit monthly inflation. As soon as the FED's fake money printing (backed by nothing) overwhelms the Treasuries real money (backed by taxation), it is game over. Notice companies that have huge "cash" positions park them in real money, not fake money! The collapse of the dollar could be caused by a number of different things. 1) Oil prices crashing, 2) China losing faith in the dollar, 3) Gold and Silver, 4) the Fed caused Inflation , and finally 5) Cryptocurrency . The oil price crash means that the petro-dollar system is dead. The dollar would also collapse if China announced they were no longer accepting dollars as payment for goods. Finally, One real and potential threat to the dollar as the world's reserve currency is from gold and silver. If a lot more people and institutions suddenly started converting fiat dollars into physical gold and silver,the sentiment toward the dollar might change 180 degrees very quickly. The dollar would die once the gold and silver prices can no longer be controlled. Gold and silver prices will go up exponentially, and foreigners won't want to hold the dollar anymore. Due to the ongoing EPIC money printing and debt, the gold bull run has already begun. Gold had climbed 400 dollars an ounce since June last year. Otherwise, Inflation will kill the dollar. We could see double-digit monthly inflation as the dollar dies. The Federal Reserve Note is backed by the full faith and credit of the US government. Faith in the US government is dwindling worldwide. Thus the faith in the US Dollar is also in limbo. Yes, there's a flight to "safety," but what if that "safety" shows itself to not be safe! Oil is already traded in other currencies. Other goods can easily follow suit. The dollar is the reserve currency of the fiat system, thus has the so-called 'hegemony.' Swift is a mechanism by which that hegemony is maintained. The fiat banking system is based on confidence. The dollar is a fiat currency and can be replaced by the bankers. Swift is being subverted by alliances being formed in the absence of competent US leadership. Swift is already losing its power to maintain hegemony. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, only the truth, and nothing but the truth. In New York City, 2 Million Residents Face Food Insecurity, Officials Say. That means roughly one in four New Yorkers face food insecurity. Meanwhile, the Fed is now considering another massive capital injection into the major banks. The bigger the bubble, the bigger the boom. The banks get bailed out while the people get contact traced. Yet the Worst is Yet to Come, with Contact Tracing, Immunity Cards, and Mass Testing. Corporations are getting paid by taxpayers without even supplying any goods. And the main corporations being bailed out produce nothing. They are financial institutions that just manipulate money. Now, if they want to put $10,000 into my bank account, I won't complain because that is what I would have gotten if the Congress has split that $4 trillion amongst the American people instead of their International financial overlords. Most of the world is already moving away from Dollars anyway due to US sanctions and general bullying. When the rest of the countries wake up and realize that by buying US Treasuries, all they are doing is allowing the US to continue to live wildly beyond its means at their expense, then the only one buying US dollar-denominated debt will be the Fed. This is mostly happening now. How long can the US federal reserve continue to keep the house of cards in a tornado together? Only as long as the confidence remains in the US Dollar. That confidence is being eroded away with each passing day until the giant escarpment that is the US Dollar falls off the cliff. It will happen; it's only a matter of time. Reserves and Investment flows would rapidly adjust, and large quantities of Dollars would start flowing back to the US to add to inflationary pressures. China has 2 trillion dollars and 1 trillion treasuries, pretty sure rightfully they knew and worry those Dollars will massively shrink in purchasing power value when the FED QE again expands its balance sheet. China is the world factory and especially proven in this COVID crisis. They can start a COVID medical PPE Silk Road RMB Yuan, demanding other nations want to buy their product either pay to buy in RMB Yuan or trade barter in real valuable goods or use gold as a trade medium. No more accepting Dollar IOU's. What's the point of keeping Dollars when the available trade of purchasing of goods is much diminished. Especially now, the petro Dollar is getting a massive hit oversupply limited demand, as demonstrated by the $-37 a barrel. Once every nation sees the uselessness of the Dollar, a domino network effect will start and dump the Dollar. Every nation is already developing its own kind of Bitcoin currency. For example, China's digital currency electronic payment yuan RMB. Trade wars, currency wars, then world wars! The collapse of the dollar could be caused by a number of different things. The oil price crash means that the petro-dollar system is dead. I think the dollar will die once the gold and silver prices can no longer be controlled. Gold and silver prices will go up exponentially, and foreigners won't want to hold the dollar anymore. The dollar would collapse as soon as China announces they were no longer accepting dollars as payment for goods. Otherwise, we could see double-digit monthly inflation as the dollar dies. The value of the dollar (measured in real goods) has constantly been falling since 1913. Yes, sometimes faster than others, but always falling. To measure one fiat currency against others is FUNDAMENTALLY BOGUS. The reason is obvious. That gives the impression something is increasing (value of the dollar) when, in fact, that something is decreasing (value of the dollar). Gold is for saving. Fiat currencies are for buying. Gresham's Law applies. The "game" is keeping the dollar as the premiere and indispensable world currency. The currency is their tool and weapon. They will utilize it UNTIL IT IS DESTROYED AND ZERO UTILITY LEFT. Not sure how anybody could see them as doing anything else. They are on the bad end of enjoying their great weapon, and they will not control the next one however, they try. You can't violate Say's Law with impunity. Creating purchasing power by any means OTHER than production simply increases the amount of money chasing whatever is in the marketplace. It doesn't add to what is available for purchase. Taken to the extreme, you have the situation in the USSR where people had rubles, but the shelves were bare. This is what flooding a nation with credit-created-from-nowhere produces. Under FIAT money, money was debt, so debt was wealth. People forgot that an IOU is nothing until it's paid-back. We now have a world drowning in "wealth" that is nothing but IOU's that depends on all other IOU's performing, when mathematically we long ago passed the point where this was true. All that "wealth" is an illusion. So is training people to forget that it's not about money-in-hand, it's about the product available for purchase. If "full faith" and confidence of the U.S. dollar - or any other fiat currency in the world for that matter - does collapse, what's left to serve as "money?" How would governments fund their operations - and all their payoffs to their crony partners - without these magic FIAT printing presses? Answer: They could not. Take-away: They HAVE to do everything they can to deter the masses from once again viewing gold and silver as the ultimate "safe haven" assets. And this they have done and will continue to do. "When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it." "When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." - Frederic Bastiat. Something bigger is coming down the pike. This was just a dry run. I don't know what it is, but I can feel it in the air. Some Draconian laws in the United States are going to take place soon. Gates said in an interview he calls this Pandemic 1, and the next one will be called Pandemic 2. So there is something much bigger in the pipeline probably coming this winter season. All the social distance and mask-wearing are about training you to be a good little sheep. This is not going to end well. The politicians are taking us 90 miles an hour down a dead end. The road to hell is paved with central banks. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

👉10 Signs of Depression and The End Of The American Empire !!

👉10 Signs of Depression and The End Of The American Empire !!







State reopenings and government relief for small businesses were expected to help get some of the laid-off workers off unemployment benefits and back to work. So far, the data does not show that’s happening. The unemployment rates we are now seeing 15-39% depending on how you measure will become permanent. Economists said the May employment report could show the loss of millions of jobs and possible revisions in April’s job losses of 20.5 million. The government has no money to pay for these people. Printed money is an illusion and has zero value. Paying non-productive people with worthless money does not create a sustainable society. Most big banks will disappear as the financial system implodes. Most hedge funds will go under in the coming collapse as counterparties fail, and derivatives become worthless. Private equity has destroyed many good companies by lumbering them with heavy debt and taking all the equity out. Panic and fear triggered the worst economic crisis. The virus had little to do with it. Fake money created by a private bank called The Fed is the cause of the coming Greatest Depression.there is the finger on the wound: the fact that we are living in an illusion, that we get betrayed and manipulated, and degenerated and stupidated. The deeper one looks - the more sick one can feel. The global economy is WAY beyond repair at this point. The fix is to crash the whole god damned thing and start anew with a correct set of premises. "Laissez-faire." We are already not just in a Recession but in The Greatest Depression of the US History. Because : 1. The financial system was a house of cards. Could collapse at any time. Global banks would be among the first to topple, taking billionaires with them. 2. Unsustainable sovereign and private sector debt. Rising interest rates would result in rapid default. This is true of the USA, Europe, perhaps China, Brazil, and Japan. 3. China is rising. 4. The security state keeps adopting new technology to gain more and more control, pervasively more granular and intrusive. 5. China was surviving the trade war. 6. Russia is surviving sanctions. 7. The USA has lost Iraq and Afghanistan. Iran refuses to submit. 8. Saudi / USA is losing in Yemen. 9. Powerful lobbies keep demanding more war, more weapons, more money. 10. Gulf "allies" cozying up to Syria, allying against Turkey-- and the USA. The country is morally and monetary bankrupt. Debt-based economies will always fail. Money can be printed. Wealth cannot. The economy was stuffed - it still is - long before the black swan, in this case, Wuhan virus, arrived. This Shutdown was never about the Virus - It's about the MONEY! About the FED bailing out the Sick Banks - about stopping the Bottomless Pit of Runaway Debt Interest rates. The World Banksters had 2 Choices after September 2019. Shut Down the Economy or Lose control of the Dollar. The Federal Reserve has made one mistake after another to inflate one bubble after another. And this particular bubble was already deflating before the coronavirus pin put a gaping hole in it. Now the air is coming out much faster, and all they can think of is, how can we fill it back up again, how can we reflate the bubble. Ultimately, they're going to destroy the dollar in the process. What people really need to be vaccinated against is the massive inflation that the Fed is going to unleash. We may succeed in temporarily recovering from a depression to a recession. But then the economy is going to roll back over into depression again. What's going to make this depression particularly painful is going to be the rapid escalation in the cost of living. So it's going to be a combination of much higher consumer prices and, ultimately, long-term interest rates as well as unemployment and a weak economy. The dollar is already defying gravity; it should already be coming down. I think once it starts to fall, it's going to implode. Inflation, by definition, is the expansion of the money supply. We've never seen inflation like this in America. The money supply is growing at the fastest rate in US history. Year of a year, it's up about 25 percent. The Fed's balance sheet is just skyrocketing. Most of that increase in the money supply happened in the last six weeks. The amount of inflation that the Fed will be creating in the weeks and months ahead is going to be even greater than the amount that it's already created. Inflation is a tax, and it's the most vicious tax because it hits the most vulnerable. It hits the lower class, the working poor people who have savings, it destroys the value of a lifetime of savings, it destroys the value of the wages and salaries that people earn. We're paying for the government through inflation literally. Right now, half of every dollar the government is spending has been borrowed. We are borrowing right now as much money as we're collecting in taxes, and soon we'll be borrowing more than we're paying in taxes. But since the Fed is monetizing most of that debt, the American public is going to pay for all that government through inflation rather than through taxation. Depressions are not economic events; they are the result of usurious forces using debt-based-fractional-reserve-counterfeit-currency-based-on-nothing. And those forces' ruthless use of credit expansion and contraction. The real problem(s) and thus the real coming economic history will be a cascade of mutually reinforcing Feedback Loops across all economic aggregates and all regional/national economies. Deflating a debt bubble inflated by more than 50 years of Central Bank and Government politics will probably take around 20 years. Covid-19 is just a perfect distraction and excuse. A recession is when my neighbor is out of work, a depression is when I am out of work. A Depression is when your banker takes your house with only a piece of paper. "Do we have a name for what is worse than a Depression yet?" How about The Great Chasm? Or The Great Abyss? Or The Bottomless Pit? Or how about The Years of Reckoning? Or The Extermination Period Of Usury? The Slough of Despond (from Pilgrim's Progress). The Great Destruction. The great pink sock. The Great heist. Because that's exactly what it is. That's what it always is. We talk about it 24 hours, seven days, 365 days here - but the general public is asleep at the wheel. The Seventh Circle of Hell. The Great Reset "Debtpocalypse." I think that for 95% of the people, this virus is a nothing burger, but that does not mean it can be the catalyst for total economic Armageddon, which is happening right now, in real-time, before our very eyes. There should never have been any lockdown. No one should have been bailed out. And no one should have been quarantined. Quarantine the sick rather than placing everyone under house arrest. Once the immunocompromised die and the healthy people gain immunity, this is a nothing burger. We can't delay the inevitable. People are going to die because they ate junk food and sat in front of a television, not because a virus is finally taking them out. POTUS is correct on this.. we need to open our economy NOW. This shutdown charade must end, or the fallout will eclipse anything that this virus would bring. Americans Need To Start Pushing Back Against Draconian Lockdowns. The Death of Commerce is coming, and it is coming fast. Unemployment will be the highest its EVER BEEN in the entire history of the USA if they don't end this lockdown soon! Several small businesses have closed their doors permanently. THIS IS A DELIBERATE CULLING OF SMALL BUSINESSES. CORPORATE BAILOUTS AND NATIONALIZATION ARE OCCURRING ON A MASSIVE SCALE. MEANWHILE, THE SMALL BUSINESS RESCUE PROGRAM IS OUT OF MONEY. We should be doing what America did during the Spanish flu outbreak. No one was allowed in public places without face coverings. The same should have been done today instead of this shutdown/take over. The next phase of social distancing and contact tracing puts you in a FEMA camp. Absolutely, the whole thing is an epic farce, and you're supposed to clap like trained monkeys. Stage 1. Recession. Stage 2. Depression. Stage 3. Suspension. Stage 4. Extermination Guess which stage we're in. We will soon reach a critical tipping point when the American public realizes that it has been forsaken. This will be a difficult time in America, one where the nation may not survive. For all the people who have zero net debt, we take no comfort. It will be strange to see how asset values fluctuate over the next few years, especially residential real estate. The Obama restructuring produced Blackstone and other investment groups to buy distressed homes now all rentals. Even copper is worth buying in the tsunami of confetti that the FED's printing. We are slaves to the printing presses, and our labor and industry are being skimmed with the issuance of funny money. There was a time when I thought they were hanging in with debt so that it could be offset by the discovery of commercial fusion technology to supply virtually free electricity but like unobtanium is not likely to save the day. The greatest danger from the collapse of the fiat debt system is conflict both within and between nations. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, only the truth, and nothing but the truth. It only took two months to destroy the entire Main Street economy. It is on life support right now. The patient is dead. There will be no recovery. Entire markets for the product were essentially deleted, and that loss of revenue can never be made up. The lifeline pittance from the government may allow some businesses to keep operating with no revenue or real working employees for a month and a half, but that is it. It is just delaying the absolute carnage. The only solution is isolating those at greatest risk and reopening the economy, PERIOD!!! If you get sick, go home and rest for two weeks with a government backstop on lost wages, if your company can't pay. If you are one of the unfortunate few that goes to an ICU, sorry, but you drew the short straw. Life ain't fair. You probably would have ended up there anyway. There are around 9 million Americans whose tickets are punched over the next three years. Some are children. Some are 99 years old. Many will die of the flu. Some will die when they trip on a raised edge of a sidewalk. That's life. You can't stop death. If we do not reopen the economy immediately, all commerce dies. I have talked about the death of commerce before. It was an inevitable outcome of our Wall Street obsession, but this virus shutdown accelerated the process to the point of 100% casualties. They are assuming their worst case model will come true here, without disclosing their underlying findings. This virus isn’t understood and will probably morph, resulting in unpredictable consequences for mortality and re-infection stats. Worst case: it morphs into a nasty demon that keeps everyone sequestered into their depressed holes, subsisting off Uncle Sam. Whatever you do: don’t tax the rich! That will cause big systemic problems! Make the taxpayer pay for their socialized income. In America, the money was supposed to belong to the people. Not the Banker or Politicians or Governments. Laws were unlawfully changed to steal from the people. The value of the dollar (measured in real goods) has constantly been falling since 1913. Yes, sometimes faster than others, but always falling. To measure one fiat currency against others is FUNDAMENTALLY BOGUS. The reason is obvious. That gives the impression something is increasing (value of the dollar) when, in fact, that something is decreasing (value of the dollar). Since precious metals are manipulated out the wazoo the past few decades, a chart against them isn't accurate either. So one would need to revert to measures against baskets of fundamental goods, which means goods that are necessary (or near necessary) to basic life and have been for centuries (or at least many decades). All that's needed to assure the dollar descend at an even faster rate is for the federal reserve to create and widely-distribute substantial quantities of fiat, fake, fraud, fiction, fantasy, fractional-reserve debt-bits, which they are doing in spades lately. There is no algorithm that is 100% unbiased. In simple terms, no algorithm is 100 % truthful. Truth hurts some, and untruth helps others. Don't ya think that current markets have reached the point where there are no more, or a diminishing few, baitfish in the water. If you cannot recognize the sucker at the table, who then is the sucker? The Federal Reserve System needs casualties. Don't become one. It might require a 50-year depression to get back to a world and an economy not controlled by the FED. What those thieves have brought on us all is going to be historic. Have you seen even one single list on who the "corporate or company" they are giving our tax money to? What were the priorities, and who decided those? We are giving away several trillion in taxpayer money and don't have a clue who is getting it or why. This must have been the most thrilling cigar smoke-filled closed-door discussion in the history of mankind. Politicians dancing around Washington chanting, "we have trillions to give away... who wants them, and what do you have for us? The debt for every single man woman and American child is $20000 dollars with this new COVID 19 bill. The disease would've caused economic hardship, but the worst of it is the overreaction of the governments around the world. This is unprecedented in world history—nothing like it. Crony capitalism has left too much of the electorate behind and shown itself so poor at dealing with crises. Not only that, but the wrong people also get bailed out every time. It's eating itself. The USA is going to fall into depression and socialism. Our economy is so large that even trying to keep it on life support through socialism will bankrupt us before the year is over. We would just be adding zeroes to the national debt. The world could smell what we are shoveling and would have no part of it. Socialism is not a system. It is a dystopia. Capital exists by force of nature. The drive of each individual to assert rights of self-determination. To gain the maximum amount of satisfaction with the least amount of resources, including labor. That is the typical result of a collapsing democracy. The government attempts to maintain control instead of allowing a reset to occur; their interventions lead to unemployment and ultimately reduced living standards, which they then promise to partially restore by more intervention. That cycle repeats until full-blown communism is reached. Socialism and depression go hand in hand. They’ll be attempting to take Gold soon just like FDR... once the economy really tanks. We are already in socialism. That's why there's going to be a depression. Republicans and Democrats don’t care about debt anymore, just print more money. Did anyone ever doubt that the whole problem lies in the excessive greed in the financial markets and how insider make fortunes for themselves and those around them at the toss of a coin while loosing for the public in the same toss. WAKE up; it is all rigged. A few days ago, during food riots in Chile reported asked older women why is she rioting, and she said that she is hungry because the government doesn't provide her with free money. This is ultimately the fate of many parts all over the world in a few years. Whole generations of zombies who cant last one week without government nanny. I have a firm belief that humans are incapable of democracy as they have proved after the gold standard was dropped in 1971 - they will always vote in the idiot who promises more new debt. Global debt end of the year will be at 270 trillion $ or close to 500% of GDP before derivatives bubble or unfunded liabilities. This shithouse is going down no matter what propaganda index says. The problem is that what is coming is even worse than democracy. Opportunity wasted, but then again, maybe 2% of humans just want to enjoy life in peace, and the other 98% are by design collectivist Non-Player Characters. "The illusion of freedom will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way, and you will see the brick wall at the back of the theater." Frank Zappa. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!












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

👉This is The End America Shrinking GDP , Bank Failures , Mass Bankruptcies!!

👉This is The End America Shrinking GDP , Bank Failures , Mass Bankruptcies!!




The Congressional Budget Office projects GDP dropping 38% in the second quarter as 26 million Americans remain unemployed. The forecast is about in line with most Wall Street projections. Besides, the CBO sees the federal budget deficit swelling to $2.2 trillion in fiscal 2020. Food prices are inflating already. Millions Of Americans Skip Credit Card And Car Payments.The Banks On Hook For $150 Billion In "Frozen Loans." Banks will have to take another $75-$100 Billion in reserves on loans that go bad, wiping out years of profits, which were used not for a rainy day fund but to pay for, drumroll, buybacks. Yup. It's just beginning. And then there are the derivatives. Needless to say, the economy has been severely affected. Last week the Federal Reserve released a report predicting that the next print on GDP numbers will likely show a loss of 34.9% in the second quarter. This is the biggest GDP plunge since the Great Depression; even the crash of 2008 doesn't compare. Congress has reacted to the pandemic with one rescue bill that totaled close to $3 trillion and another that could be as much or more. Looking at just the money approved so far, the CBO said it would increase the federal deficit by $2.1 trillion in fiscal 2020 and $600 billion in 2021. The levels equate to about 11% of nominal GDP in fiscal 2020 and 3% in 2021. The economic impact of coronavirus lockdowns is just starting to begin. We’re going to have to recognize that coming after this virus crisis will be the economic impact and hangover of the lockdown. The pandemic is just the icing on the cake of a collapse that was going to happen anyway. We are doomed! The government has played its cards and shown us that they don't give a damn about anyone except government workers. They have destroyed our economy and are in the process of setting off hyperinflation that will throw us all into poverty. Many of the jobs will never come back. Big banks and wall Street hedge funds have used and abused the work a day Americans for decades. All debts, eventually always get paid, either by the borrower or by the lender. Being debt-free is the right thing to do, but you also, being responsible you are going to get screwed. They will rape you on property taxes if they can't get sales taxes from a broken economy. You are never out of debt. The Casino never loses. One way or another, the taxpayer will end up holding the bag. The real fuckery will be state and local government set up to rape the slaves to keep their nests feathered. That starts Civil War 2 in my book. This is going to end nasty. The hit to local tax revenues is permanent, as the economy became dependent on debt and financialization pushed costs up. It will all get flicked off to taxpayers. Amazon and online sellers don’t pay local taxes except in the locales where their fulfillment centers are located. Yes, online sellers pay state and local sales taxes, but these sales are for goods; most of the small businesses that have supported local tax revenues are services: bars, cafes, restaurants, etc. "Transfer of wealth" is what gangsters euphemistically call stealing. According to the social contract, all parties must be paid, and when one party is slighted, they are being robbed. The gangsters have taken over the government to nullify the social contract and steal everything, including our lives. If you want to live, you have to fight them. The budget after the election will be a doozy, healthcare and education spending will have to be cut in half, and taxes on the poor doubled. At the current rate of job loss and corresponding destitution, unexpectedly paralleled by the masses waking up to the sham that is fiat currency (“Fed go brrr”), it won’t be too much longer before Americans take the “Molon Labe” approach to banksters trying to repossess cars and foreclose homes. The banks have already pulled in the credit. This always results in a steep recession. Great Depression II. The Banksters know the Tsunami that is headed their way. You really think “taxpayers” are going to pay off 30+ trillion dollars? Let’s get realistic here. The US will soon default, and we’ll have a global digital currency. Debt slave chuckleheads if you think the banks are not gonna take that McMansion and your shiny car, you are delusional. They never forget where that loan went, soon there will be masses of people on the streets trying to sell you an apple for a nickel like the new depression 2021, the only difference will be people back then had farms and didn't go hungry. It was clear that the Big Crash was coming. We saw the writing on the wall last year in December when China's economy went down. We reached the end of manipulation road, so they started this lockdown to lay blame somewhere else and especially not the bankers that created all this mess. This comparatively anemic pandemic was perhaps - a least-worst compromise cover event for it - to keep the Fabulous Bankster Brothers off the lamp posts of their capital cities. But also to implement surveillance, implement AI, and control the masses like the cattle they picture us to be. The Pandemic "which nobody could have seen coming" has already been blamed, and The Banksters have already received Trillions more in bailouts without so much as a peep from the sheep because they got thrown a few crumbs. The financial collapse (which is still to come in large part) was coming anyway because of Policy errors, especially by Central banks working in collusion with Wall Street, but the pillage would have been more difficult without a catalyst that "nobody could have seen coming." Very convenient, hey! First, they take away your guns. Then they take away your lands. Next, they take away your cash and property. Finally, they take away your freedom and rights. It's gradual, and the people who sound the alarm at each step are made out to be crazy for campaigning for our rights. The lazy and uneducated masses go along with it like sheep because it's easier to slide down the slippery slope to slavery than to fight for your rights every step of the way. The populace is borderline retarded at this point. Life has been too easy for lazy, stupid people for too long, and they want the handouts to continue. I fear it will take a structural collapse, ensuing tyranny, and a revolution to correct it. At our current trajectory, we’ll be at Mad Max under Thunderdome in 5 years. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. All currencies always return to their intrinsic value, which is zero. There are hundreds of historical examples throughout history. Rome was also rich through raping and pillaging other countries. All empires eventually go broke. Comparing America to Rome, America ain't gonna hang in there with the dollar to reach 1,200 years as the Roman Empire did. Just a teenie wienie slice of that time period. Fifty years and we already screwed up. We are bankrupt. This is the second time, as well. The US emerged from WWII as the world's leading military and economic power. Since that time, US hegemony has been predicated on: 1) unrivaled military power. 2) control of the world's energy reserves (primarily in the Middle East). And 3) maintaining the dollar as the world's reserve currency. All of the pillars supporting US power are now eroding. A consequence of decades of neo-liberal economic policies- tax cuts for the wealthy, financial deregulation, attacks on labor and job outsourcing, and spending vast sums of taxpayer money on the Pentagon and war. And, more recently, attainment of economic/military parity by Russia and China. In 2008, the US experienced the largest financial collapse since the Great Depression. Since that time, none of the structural problems plaguing American/Global capitalism- excess capacity and slack demand have been resolved. The Coronavirus pandemic has starkly revealed the fragility of the post 2008 financial ‘recovery,’ as FED- created financial bubbles in all asset categories are on the verge of imploding, were it not for continuing multi- $ trillion bailouts from the Treasury/FED. The financial elite running the US (essential shareholders of the Federal Reserve System) are apoplectic about continuing economic decline, accelerated by the Covid19 pandemic and looming strategic debacles confronting the Pentagon in Afghanistan (longest-running war in US history), Iraq, Libya, Syria, and Yemen. At the end of March, a ‘backroom deal put together by Steve Mnuchin, Mitch McConnell, Nancy Pelosi, Kevin McCarthy, and Chuck Schumer (aka the ‘Senator from Wall St) otherwise known as the ‘CARES Act,’ which passed with virtually no debate and received unanimous bipartisan support in Congress. This bill was little more than a taxpayer-supported exercise in financial gluttony for the economic elite, which would make 19th-century robber barons green with envy. Bottom line- the Treasury/FED are doing exactly what Congress authorized them to do- print as much money as needed to keep equity markets inflated and continue propping up [still] insolvent banks. This was essentially what FED Chair Powell stated in his testimony to the Senate Banking Committee last Tuesday. The problem with these policies is that they are not resolving the underlying financial problems confronting American capitalism (which have been going on since at least 2008) but rather are bankrupting the country and accelerating US economic decline. Unfortunately, the average American family is facing a very bleak economic future. They can reflate the bubble, but eventually, everyone will be billionaires. Hell Zimbabwe has trillionaires. Loss of faith will cause the little pieces of paper to no longer be accepted in trade for goods. The American empire is in steep decline. Unfortunately, the geriatric morons in charge are fully delusional. I hope they do not choose to murder everyone rather than humble themselves and give up the empire as The ex-Soviet Union did. The unbelievable stupidity coming from Trump and Pompeo makes me doubt that. We need to curb the military-industrial complex. Have the military for the purpose of securing the homeland from advisories, not for the purpose of attacking countries that pose no threat to the regime in DC. Trillions have been pissed away, and how has that benefited the people that fund this war machine, The Tax Payers! The Military-Industrial Complex grabbed some countries' gold reserves, and did what with it! Divvy it up between themselves and hand the tab to the Joe Six-packs in taxes and cuts to infrastructure, education, and other services for the taxpayers. Tent cities are popping up across the country, San Francis, Seattle, Detroit, New York. The OECD is also showing a drop off in the education system. Our ranking drops every year compared to other countries. Quality of life is deteriorating. Get congress cleaned up and throw out the dual citizens. They can only be loyal to one country. Let them choose one. This is the tail wagging the dog. We need term limits. Bulldoze produce nothing career government bureaucrats and their wacko NGOs out of the way. We have to also get rid of the lobbyist. Bringing the back rule of law and the Glass Steagall would also help. It's already too late to fix what's left, have to let it all implode and start over. It's the debt hangover. This depression will most likely run for ten years. I hope to live long enough to see the Fed Reserve banksters in jail, and the UN kicked out of the US, And globalization and financialization, are dead. Globalization has always meant one thing: putting billionaire oligarchs out of the reach of anyone nation. It is said that there's $40 trillion in "hot money" floating around the planet. This is money controlled by international criminals, tax avoiders, drug cartels, and politicians and moved from one place to the next as conditions vary. Back in the '50s, '60s and even the '70s, more of that hot money cooled down and was directed toward working people and productive business ventures instead of "financial products." Democrats during that time supported working for people and unions. Now they suck at the teats of Soros, Bloomberg, and Silicon Valley, and no one really represents wage earners in the middle and lower reaches of our society. We can hope that as the house of cards goes down - and its militaries with it, there won't be enough muscle to sustain and protect all the cartels & offshoring. And a lot of that magic money that isn't in solid form may just evaporate. The Federal Reserve, a private profiteering corporation and “branch” bank of the BIS, has already moved most of its operation directly into the US Treasury Department. The Fed serves the Globalist while it owns and controls the fake and treasonous US “government.” See The Patriot Act, the Military Commissions Act, the National Defense Authorization Act, the Codex Alimentarius. Check out the insane “emergency power” decrees, and you will understand state officials who blithely declare they can make or break ANY law and deny ANY Constitutional “right” on their own “authority.” The desperate ignorance of the general public globally is a disaster for humanity. Globalization and financialization are not about sustainable anything. They are foremost about Wealth Transfer: from the 99% to The 1%, with a heavy emphasis on 0.1%. It's about building a Global Neo-Feudalism. The fiat chits, credit, and debt are just creative theft instruments. A-One World Government will be implemented by force. Globalism is by no means dead because the powers that be ALWAYS have a Plan B through Z when Plan A fails. If anything, globalism is accelerating. Look at how much shady big tech companies and governments are doing while people live in fear of the Wuhan Virus. While “globalization” continues marching forward toward a cashless world of absolutely centralized Globalist Central Bank control of medical martial law and mind-blowing surveillance right down to where and what you are eating for dinner. The Globalists are behind all of this devastation, and they’re just rolling hard into their endgame agenda. Unless the general public grasps the intentional reality and vehemently resists, it’s game over. Technology has helped to accomplish the ONE thing America's Founders sought to avoid: The concentration of Power into the Hands of a Few. And what a rotten few they are. One camera can do the spying and tattling of a thousand snitches. One weapon can kill millions with the push of a button. By eliminating a large labor force, you don't have to worry about someone's human conscience or guilt interfering with your plans, no matter how dastardly. With the relentless pursuit of evermore sophisticated capture and kill toys, it was inevitable that anti-social, narcissistic, sociopaths would end up at the top. We now officially live in a world conquered by space-age comic book Super-Villains. Tribal civilizations stuck back in the neolithic era until colonization are starting to look like. GENIUSES!!! “The urge to save humanity is almost always only a false-face for the urge to rule it. Power is what all messiahs really seek: not the chance to serve. This is true even of the pious brethren who carry the gospel to foreign parts.” ― H.L. Mencken. The ascendancy of hateful, corrupt, racist nationalists leaders was already signaling the destruction of modern civilization. Add the pandemic on top. A global catastrophe will surely ensue. This Is The End, My beautiful Friend! This was The Atlantis Report. Please Like. Share. 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

👉How to Prepare for Inflation and Beat The Fed's Perpetual Motion Money Machine !!

👉How to Prepare for Inflation and Beat The Fed's Perpetual Motion Money Machine !!





On April 5th, we were 23.9 trillion dollars in debt, and by May 4th, we were 25 trillion dollars in debt. Now our national debt is rapidly speeding toward the 26 trillion dollar mark, and the House of Representatives just passed a bill that would borrow and spend an additional 3 trillion dollars. How many trillions did Uncle Sammy just borrow into existence? How many more trillion will he borrow into existence this fiscal year? The government is the borrower of last resort, and the central bank will lend to infinity, and beyond! Tons more debt, two months of economic paralysis, and it's happening worldwide! This isn't the cause of the world's debt problems, but it might be the excuse needed for the actual cure. Namely, repudiation of all debt incurred, the exclusion of the guilty financiers (which is most of them), and an economic shock therapy all across the board. A society like that is going to have no time for Social Justice Warriors at any level, from lawyers to Human resources to Big Tech to governments. You produce, or you stay out of the way, but you are NOT going to be the load. Or, you can bleed the native population dry to support the parasites until the thing explodes. I know which solution the elites will favor, obviously, but I think this time they might be in trouble. The virus was the unforeseen event that is toppling the bankers’ house of cards. Like a credit card junkie juggling dozens of cards expertly until something causes him to lose his job. Then BOOM!!! We have reached the tipping point in the ‘money can be created from nothing and debt doesn’t matter’ fairy tale. What's interesting about this current depression compared to the several recessions and the Great Depression is that the economy was shitting the bed before every economy shut down. The 1920s is referred to as the Roaring 20s due to the eruption of wealth that occurred in America, and it was followed by a collapse because the stock market became inflated well above that wealth. There isn't wealth this time. We started in the negative, and we've gone even more negative. Money is (1) a store of value that enables workers to save for retirement or adverse events, and (2) a way of facilitating transactions that is more efficient than barter. Comparing gold to fiat, fake, fraud, fiction, fantasy currency is like comparing Dog to Pig. Priced in gold, the US dollar is down 1% for the week, 3.3% for the month, and down 24% for the year. Fiat can be printed. Gold cannot. The value of the dollar (measured in real goods) has been continuously falling since 1913. Yes, sometimes faster than others, but always falling. To measure one fiat currency against others is FUNDAMENTALLY BOGUS. The reason is obvious. That gives the impression something is increasing (value of the dollar) when, in fact, that something is decreasing (value of the dollar). Since precious metals are manipulated out the wazoo the past few decades, a chart against them isn't accurate either. So one would need to revert to measures against baskets of fundamental goods. Which means goods that are necessary (or near necessary) to basic life, and have been for centuries (or at least many decades). All that's needed to assure the dollar descend at an even faster rate is for the federal reserve to create and widely-distribute substantial quantities of fiat, fake, fraud, fiction, fantasy, fractional-reserve debt-bits, which they are doing in spades lately. Negative interest rates are not required to trash the dollar. And I believe the federal reserve will not resort to negative interest rates (unless some extremely powerful force literally forces them to). To not have negative interest rates will be one of their justifications for why the dollar should remain the "global default currency." To pay 1% or 2% interest on debts is no problem when you can create even more unlimited quantities of fiat at any moment at zero cost. Money can be printed. Wealth cannot. (Wealth) would be whatever people perceive as having intrinsic value. Even gold up until the electronics age was only a perceived value for the most part. If it weren't for its use in electronics, I doubt it's value would be as high as it is currently. My personal opinion on earthly wealth is as follows. It is anything that can be measured in acres, calories, or round counts. In other words, if you can't live on/off/in it, eat it, or defend yourself with it, you can probably write it off as "perceived wealth." Trillions in debt are impossible to pay back. And since there's no stopping it, we might as well demand it go to Americans, be it debt jubilee, student loan cancellation, or NEETbucks. I don't care anymore. At least we get fiat notes to turn into real assets before the debt-usury system goes tango uniform. Printing money means stealing wealth from the public, the currency holders. The commercial banks and the central banks, who print money, are horrendous thieves. They clandestinely expropriate the public for their own private benefit. The current situation is the most extreme stealing the world has ever seen. And it will get worse until the public stands up. Monetary inflation will likely lead to Weimar-style outcome: currency debasement, inflation (likely hyperinflation), and in the near-term, an asset price reflation. The Fed, like all failed government central planning operations, will end when both its policies have destroyed the nation, and when people no longer believe in the premises under which it was created. Given the absolute record of failure and train of wreckage central planning has left behind, it is truly extraordinary that generation after generation, we continue to try it. Until the passengers on the bus called "The Economy" start yelling at the driver to slow down or stop the crazy stuff, the bus will continue down the hill gathering speed until it reaches a point where no internal adjustment of policy settings will prevent a crash. Ok, let's say the US Treasury kicks the party off by announcing that they're not paying back the money foreign nations loaned us, but they at least don't opt for the far worse nuclear route of defaulting on domestic lenders. Great, that was easy, right? Except that every container ship headed our way would turn around and head back to homeport cause the US is no longer a paying customer. At the same time, US Treasury yields go ballistic, and the Fed must step in to buy up 100% of US Government debt issuance plus all of the domestic holders who are dumping by the truckload. Wait, did you seriously think this would end the Fed? The Fed's now the buyer of All resort. Their power and scope over the US economy and our personal finance are now limitless. There's no more foreign demand for Dollars, so it collapses inside of a week, and consumer prices go up exponentially as shortages of everything occur at the same time that the Dollar's rapidly loses value. After a 'sell everything' panic, Gold and Silver dumps but then goes stratospheric. Yay! But when it comes to actually buy anything with it over the short-term, your average Joe wants physical cash, not precious metals because, after all, that's all he's ever known. I hope you have several years of cash laying around because your job's likely toast while the government starts doling out far too little to make ends meet against the tidal wave of inflation. Since prices will be skyrocketing, a good rule of thumb might be five years of cash living expenses will last you around a year. What does all this end up looking like after a half-decade? Well, you got a worthless local currency, the central bank monetizing everything, no import/export channels, local producers bankrupt after the US Government implements pricing fixing, spotty electricity, cellular & internet, and possibly a draft due to war on US soil. So essentially 3rd world living conditions under a radical socialist Government while an infantile-entitled American public holds mass protests equally as (in)effective as those in Venezuela. Once enough mass starvation has transpired, and a significant percentage of the population has relearned useful sustenance skills, there might eventually be enough momentum built up for a proper uprising within a generation [give or take]. The only thing a Reset accomplishes is the end of the US Government's ability to pawn off worthless Dollars for real goods from the rest of the world. For the clueless out there, it's the equivalent of turning off your main circuit breaker because you don't want to put next month's electric bill on a credit card. Putting aside the fact that the government lies about inflation in the last 12 years, if money creation and total supply have been going down since the great recession, why have prices continued to go up? Why have we been seeing shrinkflation? Other than electronics, I can't really think of anything that is cheaper today than it was in 2008. Even the price of gold has gone up significantly since 2008. "almost all the "gold" traded in today's markets is actually paper derivatives and fraudulent guarantees." If you can't touch it, you definitely don't own it. And even some things you can touch, you still might not own (for example, a house with a mortgage). When you cannot clear a trade at the "market" price, as has been common recently, the "market" price is being manipulated. Every market has supply and demand. You don't have to control the supply to control the market, particularly if the supply is predictable. Money IS debt. You can argue that if it's given to the little guy to pay down debts to banksters that it's LESS comparative debt, but it's still debt. Printing money is inflationary." Fiat currency is debt. Commercial banks have the power to create money by issuing debt. In fact, money is a non-interest bearing debt. Giving that all money is debt, the existing debt cannot be wiped out by printing money because the newly printed money was borrowed into existence. At best, it just changes whose balance sheet the debt is on. Printing money is inflationary. The new dollars are further debt themselves by the time they're printed, so this isn't decreasing debt, it's more like an economic heart going into overdrive to try to compensate for plummeting blood pressure. That leads toward hyperinflation rather than being a cause of deflation. Broad money is made up of bank deposits — which are essentially IOUs from commercial banks to households and companies — and currency — mostly IOUs from the central bank. Of the two types of broad money, bank deposits make up the vast majority — 97% of the amount currently in circulation. And in the modern economy, those bank deposits are mostly created by commercial banks themselves. Commercial banks create money in the form of bank deposits by making new loans. When a bank makes a loan, for example, to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created. For this reason, some economists have referred to bank deposits as ‘fountain pen money,’ created at the stroke of bankers’ pens when they approve loans. I've always loved the term "Imaginary millions," money made in the imagination of the usurers. The "economy" is usury, and that's all it is. All "get America back to work" means, is "Oh God, don't let the payments stop!!!" "Rescuing" the economy with more debt is foolish. I'm very long in the tooth gold bug, but sound money does offer a way out after the debts are canceled by executive order. If Franklin D Roosevelt could cancel gold contracts in 1933, Trump can cancel Floating rate notes contracts in 2020. Interest that needs to be paid back on these created deposits is ever so conveniently left out of that equation. And that interest creates new debt as it comes due. Banksters thought they created the perpetual-motion money machine. Debt money creates more debt money by its very nature. Until the debts are not honored. Debt money deflation means the free ride is over for banksters. They will do everything in their power to prevent deflation. Right now, everywhere two or more banksters gather, they are trying to figure out how to print more borrowers. Some will embrace zero or negative lending rates just to keep the carousel spinning a bit longer in the hopes of getting out themselves before the crash. If any of those guys are watching this video, sign me up for a few billion, non-recourse, naturally. But let's spell out the nature of the free ride. Bankers make their cut on the default when real property is seized over fictitious obligations. It's a game of musical chairs, except somebody loses their collateral/livelihood when the music stops. It's not simply usury. It's usury with spiky glowing green-gold hair and serious social issues. The finance system of banking/commercial paper/debt and risk swapping has gotten so complex and intertwined that I cannot imagine anyone accurately knowing how it will react. The complexity and sheer size make me think it might be fragile, but it has so many people all trying to work their little portion of it-- that I HOPE, it might be a bit Hyakean, and all the leeches trying to suck more from their part keep the parts working, much like any adaptable system motivated by people. However, it has crapped out before, and some people stand to gain by it crapping out so they will/might be working for it to default. I really cannot tell what is inside of the constantly changing Black Box. Modern finance is dealing with literal make-believe money. GDP calculation is proof of this because debt contributes to GDP. And even worse is that economists are unable to distinguish between debt and equity as sources of financing when the layman can tell you straight away how they are different. The collapse of credit is the relevant indicator, not the issuance of script currency. Debt is issued out of thin air, so inflation occurs when a debt is created. Printing money to pay the debt, by definition, only occurs after the debt exists. Debt exists first, then money, which is why printing money is deflationary. That said, prices for some things might increase because supply collapses relative to demand (like beef and pork), but on the whole, the price of most things will collapse (like new cars, clothes at bankrupt retailers, etc.) Note that increasing prices for specific things is driven by particular issues, but the general price level is guided by monetary policy. Spending more on EVERYTHING is due to inflation. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Gold is a manipulated market. Those prices are the result of interventionism, not a stable currency. The real remaining prop of the dollar is the fact that it is still the primary currency for oil purchases, forcing anyone who wants oil to "buy" dollars. That's why China, Russia, et al., are so eager to set up systems for settling petro transactions in their own currencies. QE-to-Infinity to cover the quadrillion dollars corruption of the bankster cartel began on 11 Sept last year, the repos went to hundreds of billions within weeks, and this COVID psyop is cover for the bankruptcy, greater depression, and NWO depopulation agenda. Those are FED asset transfer periods and not cycles. They will continue the process until all assets are theirs. The U.S. is being colonized by a domestic enemy. The bankrupting of America was planned for over a century ago, and nothing that we can do will stop it. The bottom line is that they must bankrupt the country and the three tiers of the middle class, in order to bring about their new world order. ALL, going as planned. The quickest way to kill the U.S. and transform it into a big piece of the New World Order Scientific Technocracy is to kill the Economy - make people poor: no more disposable income; no more well-paying jobs, no more credit; no more tangible assets; no more goodies that make life enjoyable. These Politicians, Corporate Chieftains, Bureaucratic Managers, etc. know what they are doing; they're bought and paid for by the Ruling Cabal to engineer the take-over of the U.S. Poor, Hungry, Homeless, Isolated, Simple-Minded People make good targets for the Social Engineers and Scientific Elite. They've been working on creating targets, and now they will be 'shooting' the targets with "vaccines" to 'keep you safe.' The only thing you need to be kept safe from is them. It's funny - Nancy Reagan's 1980's slogan "Just Say No" to drugs, actually is precisely what we need now to this fascist tyranny (Big Corporations/Big Government running our lives) - Just Say No; don't do what they tell you to do - you can trust, but you better verify. So this begs the question, how does the average guy prepare for such a situation? How can one best weather the coming storm? This is what I have done: First: Get out of debt (including paying off your house) so you can’t be manipulated. Get out of debt. Second: Accumulate capital in forms that cannot be confiscated or manipulated: land and skills. Own real property, not in a city. Have skills to build businesses that don't require massive capital and can be cash flowed and operate without debt, even if you have to stay small. Employees add a lot of overhead costs. Get married, have children, homeschool them. Train your sons to go toward trades or college with actual skills and job prospects. Train your daughters to be excellent homemakers and home economists, and help marry them off early. Don't gamble in the stock market. Read more books. Own good tools and know-how to use them. Live within your means. Make that a longterm life philosophy, instead of looking for shortcuts and secret edges to exploit. This was The Atlantis Report. Please Like. Share. 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