👉Monetary Reset & Economic Collapse worse than The Great Depression

👉Monetary Reset & Economic Collapse worse than The Great Depression







As America continues to implode from within, The era of the dollar’s exorbitant privilege as the world’s primary reserve currency is coming to an end. The U.S. living standards are about to be squeezed as never before. We import everything, and the only things we export are wars, mortgage-backed securities, And The US Dollar. Our nation's wealth is being drained drop by drop because our government continues to mount record deficits. The security of our country depends on the fiscal integrity of our government, and we're throwing it away. The Contraction of GDP is currently, WORSE than that of the Great Depression, which then stood at 33 %. TODAY, contraction of GDP stands at 50 %. We can safely conclude that we have entered into the GREATEST Depression, EVER! Our national debt is going to eventually catch up with us, and it will be painful for all, and this has been a long time coming. Just how much money do you think The Fed can print without other countries balking at buying our over-inflated notes! The world is also tired of the US threatening to ruin their economy by the Dollar if they don't tow the US line. Gold-backed currencies, decentralized cryptocurrencies and trading commodity for commodity is the way around that. Settlement in the US Dollar has dropped in recent years when it hits fifty percent. Its days as the world's trading currency are over. The Federal Reserve Note is a Debt-based Pyramid Scheme. Other nations no longer purchase our bonds (debt). The record of History proves that paper currencies always hit their intrinsic value of ZERO! We are well on our way. The weaponization of the dollar and the US banking system by Trump is why the dollar is weakening. Add to that the fed printing trillions and the government borrowing trillions to prop up the markets. Factor in also, record and historical debt loads. The Fed and the Fed system of banks are now the major and almost sole purchaser of US bonds. The US financial system is taking money out of its left pocket to put it in its right pocket. Are you expecting a "V" or a "W" recovery? Forget about it! It's going to be an "S" and no recovery for the Markets. Get out now - it's a sucker's market. All short term Fed-induced liquidity. Oil stocks will drop back to half of the previous lows. The Fed is pumping money into the stock market to make people think things are great. Wake up! It's all smoke and mirrors. The equity value of stocks is less than meaningless. 2008 should have taught EVERYONE that. Thanks to the financial propaganda-press, the divergent curves of the stock market and the REAL American economy have been studiously ignored by most - at their, and everyone else's, peril. We are in trouble as a nation. Congress has to stop spending us into deficit. This has been going on for almost 40 years, and the government borrowing escalated dangerously after the 2008 recession. Our whole monetary system is dishonest, as it is debt-based. Our debt is 25 TRILLION. There are 8 billion people in the world. That means every man, woman, and child on the planet would need to pay $3,000 in order to pay off America's debt. Think about that. It means we will never be able to dig ourselves out. The dollar is already devaluing. Have you not bought anything lately? Grocery prices are way more than they were. It is only the beginning, as the more the national debt increases, the less the dollar is worth. The so-called "dollar privilege" is largely responsible for the erosion of the middle class in the USA. It did wonders for the 1%, no so much for the 99%. The "Walmart effect." The average Joe standard of living has been stagnant for decades but not the top 1%. As a matter of fact, the top 1% incomes have gone 10000s % for decades. We've got to worry about the world not wanting the dollar anymore, which will mean hyperinflation like Venezuela. We can’t print endless money and not say hey, how about we start paying it back. We are right now 30 percent Stimulus in the GDP. Trumponomics needs to stop. Billionaires are burping with borrowed taxpayers' money. It’s time for hard love when it comes to budgeting. The collapse of our economy is inevitable. How can you live at home with borrowing more than you make? That’s the USA right now. Living on credit is never a good thing. When asked about the burgeoning federal deficit and national debt, Trump replied: “Not my problem!.” For far too long, the US has benefited from the unfair advantage of being the reserve currency of the world, printing dollars with impunity all at the expense of the rest of the world, which has granted such largesse for the sake of economic efficiency. The US leveraged its reserve currency status by demanding that oil can only be traded with the US Dollar hence the petro-dollar monopoly. This has not only allowed the US to spend five times more on its military than Europe and China combined but enabled it to meddle in other countries' affairs through invasion, toppling democratically elected governments, and bombing innocent civilians suspected of terrorism. The Trillions, being pumped into the economy by the Fed, are being subsidized by the rest of the world as their dollar reserves decrease in value due to flood of US Dollar entering the markets. At some point, this house of cards will come crashing down, and it will be caused by US greed and lack of fiscal discipline. The Fed’s decade-old grand experiment of creating trillions of dollars of debt used primarily to enrich the top 5% wage earners, wall st banks and insurance companies, and the well connected like warren buffet has finally reached the point where the end game is in sight which is a collapsing, crushing debt bomb. Now its taking hundreds of billions, even Trillions every day, to keep the bubble market inflated. The saddest part of this is the vast majority of politicians, and business leaders who should understand the implications of this shift and are in positions to address it are all worried about their next election or quarterly report. The dollar is declining now. That's why stock prices are up: when priced in dollars, stock prices have been declining as the dollar's value shrinks. Once the dollar is dethroned, there will be no world reserve currency. Each nation will have to back their own currency in Gold or direct trade commodities. A world reserve currency allows for abuse by the issuing nation. The USA was able to scam the world for 50 years, so its time to get back to real money and see the real price of things again. The selloff of the US dollar has already begun. Big changes are coming. It is going to be beautiful. All government-issued fiat has failed 100% in history. The US Dollar will be no different. Hedge the dollar and buy tangible assets YOU own, and have no debt tied to your name. Gold, Silver, land, bitcoin. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. It is a conglomeration of the Big Private Bankers. Those Banks run the currency show - control it all through the Fed then, to the Government! The biggest con job EVER in history! Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later, he wrote: “I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” On June 4, 1963, JFK ordered the printing of Treasury dollar bills instead of Federal Reserve notes (Executive Order 11110). He also ordered that once these had been printed, the Federal Reserve notes would be withdrawn, and the Treasury bills put into circulation. A few months later (November 22, 1963), he was killed in broad daylight in front of the whole world. One week before Dallas, he made that famous speech where he talked about a highly secretive group of powerful people he was going to expose, and with the help of The American people, he intended to spoil their plans. The FIRST thing LBJ did when he took office was to abolish the Treasury Dollar printing operation. And all of this bearly reported at the time. BTW LBJ created and pushed through the Great Society welfare state, which is directly responsible for where we are today. And one of Johnson’s first acts as President was to repeal order 11110. Forty-four nations agreed in 1944 at Breton Woods to use the US dollar, backed by gold as the reserve currency for international trade. Created at the same time were the IMF (International Monetary Fund) and the World Bank. In 1971, the issue of gold backing for the US dollar was so restrictive to the US government's money printing and deficit spending that US President Richard Nixon "temporarily" suspended the ability to convert the US dollar to gold. That "temporary" suspension has become a "permanent" suspension in practice. The record of history tells us that GOLD and silver have lasted the war. Nations, who left Gold out of their support for their dollar ALL their currencies, ultimately tanked. Greeks, Romans, Germany (Reich mark), Zimbabwe, etc. Currency collapsed. The U.S .will fare no differently. The Dollar died in 1971, decoupling from gold. As we’ve seen, it’s been reserve currency for almost 50 years. Bubbles can last a very long time. The US Dollar will massively spike as one last death cough before its death as the reserve currency. US Dollar decoupling from gold ensured its eventual death, but it was far from dead at that time. The reason why America has gotten so wealthy is because of the combination of the Dollar's status as a reserve currency and the ability for the US to print Dollars without devaluing it due to its status. We got rich off the backs of the countries that used it, but that will come to an end when it dies. When Nixon closed the gold window back, in August of 1971, the dollar has been manipulated and is losing its intrinsic value, as it slides to ZERO. The dollar, in comparison to Gold, is only worth 1.4% in its actual purchasing power. A penny (1 cent) back in 1906, bought you more than a dollar does today. Ever since the creation of the Federal Reserve in 1913, inflation has been consistent. The US dollar is often referred to as the cleanest shirt in a batch of dirty laundry. What props the dollar up is world confidence that the US will pay back it's debts and not just the interest on those debts. With the ongoing US injection of trillions of US dollars into its financial system, thus impacting the world's financial systems, its only a matter of time before a new form of a reserve currency is brought into existence. That could be Special Drawing Rights through the IMF or even some form of blockchain cryptocurrency overseen by the IMF and agreed to by the majority of the world's countries, despite what would likely be a US objection. The US dollars loss of reserve currency status will happen; it's just a matter of when and under what "triggering" circumstance. This will lead to the inevitable collapse of the dollar!! A huge national debt always results in higher prices for everything. Neither party had any type of plan to pay down much less off the debt. History shows that governments have collapsed under the weight of runaway inflation. This is the situation Trump or his successor will inherit. We can't even afford another war to pull us out of this mess. Serious riots will make the current racial riots look like tea parties. People think the recent riots were bad. Wait till the government checks don't clear or they buy 50% of what they used to. The vast majority of US dollars are held by American Private Banks and the Federal Reserve. The Collapse of the dollar without any successful successor will equal a crisis that may be even greater of 1929...maybe even with one. That crisis is already in the works, and there is coming Hyper-inflation ultimately. Can't continue to just print dollars out of thin air with zero to back it. The existing inventory and underground reserves of Gold will be $100k or more an oz. in order to cover all the outstanding currency. Countries like China and India with huge stockpiles will ripe windfall benefits and become the world's richest economies, while the U.S. will suffer hyperinflation. The debt service that will be likely over 800 billion next year is money that is frankly pissed away, bringing no services to the American people for that EXTREMELY large sum of money. If the rest of the world sees us as a bad risk, the price we will pay will be catastrophic. Deficits do matter big time. Who will fund the saving deficit of a nation that has finally lost its exorbitant privilege?" The Fed will just print money to monetize the debt, right? Everyone in America now believes that the Fed will fix all problems by printing money. It has worked since 2008, so why not? Should foreigners no longer want to buy US Treasuries, interest rates would be driven up to entice them to fund our debts. But that will cause the economy to collapse. Lacking in domestic saving, and wanting to invest and grow, the U.S. has taken great advantage of the dollar’s role as the world’s primary reserve currency and drawn heavily on surplus savings from abroad to square the circle. If the return on investment for Treasury securities continues to be so pitiful that no one will buy them, the whole scheme comes tumbling down. The dollar has lost all credibility in the context of a reserve currency evidenced by a whole host of factors. Not the least being that the US tries to bully the rest of the world. The US is totally bankrupt, and the world knows it. Trump has abused it too much. The countries are feeling the angst of placing their confidence in the dollar. If the dollar is a so-called world currency, it has to be in the interest of the world. Lately, it seems that perspective has been lost and it has been weaponized to serve American foreign policy. The world does not need the dollar. Every country would love to get rid of the PetroDollar, which would, in itself, increase the value of their own currencies. What currency is going to fill the void? China has been working toward its yuan, replacing the dollar on the world stage. If the opportunity arises, they will pounce. The IMF already launched their replacement vehicle in July 2018, which aims at replacing the US dollar for those countries that want to do trade using a common currency other than the greenback. IMF's Distributed Ledger Technology has been in place for two years now. This replaces the US Dollar for trade between nations. It's already a done deal for the dollar as the reserve currency. China's BRICS Swift move to remove the petrodollar as the worlds' currency, their expanding economic growth vs. the U.S. dollar's GNP to debt ratio of 107% when over 77% signals fiat money collapse and their expanding global military presence threaten the 1% elite's world dominance (power and monetary control). The Dollar will eventually collapse. Don’t forget inflation, with trillions of dollars being injected into the economy and negative interest rates on the horizon, what does that mean for stashing cash or equities? A current American strategy in Foreign policy has been to threaten banks facilitating trade with countries like Iran and Venezuela. This has been noted by the rest of the world and alternatives to SWIFT, and the US Dollar are being implemented. The dramas with Libya, Iraq, Iran, and Venezuela relate to the sale of Oil for something other than the Petro-Dollar. The US Dollar is vulnerable to the development of replacement energy sources. The use of the Dollar as a geopolitical weapon has led to the situation where it is being replaced in trade deals. At some point, a lot of Dollar-denominated financial paper will end up back in the US prior to a reset. Current trends show that both China and Russia have been divesting US paper. The dollar has about three years of life left before there will be a fatal crash. The decline of the dollar’s purchasing power has a 95% correlation to the federal deficit, which is exponentially climbing. At the present time, the economy was stunned by the shutdown, but soon more dollars will be pursuing fewer goods and services. Inflation will begin to rise, and at some point, the global credit markets will collapse, at least with respect to the dollar. I don't know about you, but the price of some foods has already doubled. My guess is the Dollar has less than three years before it is replaced. It's called a currency reset, and we're having one in the next few years. This will finally solve our toilet paper shortage! Got gold, silver, cows, bullets, land—anything but fiat. There should be an international currency, hopefully partially backed by gold. This will prevent endless quantitative easing, and governments will no longer just be printing monopoly money without limits, which has resulted in ZERO and even NEGATIVE interest rates. Produced in FINITE quantities by the sweat of men, Gold and Silver stand as sentinels to protect the wealth of astute investors in times of currency mismanagement and debasement that is occurring today. Yet only about 1% of the population owns any (outside of jewelry) Ironically due to brainwashing by financial institutions (and those with a vested interest in keeping your wealth in the bubble stock, bond and real estate markets). Buy US Silver Eagles and Gold Eagles all you can, now that their prices are still very low (due to commercial bank shorting), and you will not regret it. Soon silver and gold prices will really explode as all of the paper money being generated looks for a safe undervalued place to invest in. Most won't listen to what I am saying, but you will remember I told you this, and it is backed by cold hard facts. “Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.” – Theodore Roosevelt. This was The Atlantis Report. Please Like. Share. Subscribe. And leave me a comment. 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

👉The Commercial Real Estate bubble is about to Burst !! Prepare !

👉The Commercial Real Estate bubble is about to Burst !! Prepare !



It has been a wild ride in the economy the past few months, The shutdowns and closures, The unprecedented high unemployment numbers, and now the protests and riots. The commercial real estate market has been clobbered in this crisis, as restaurants and stores virtually shut down entirely. Things are looking bleak for commercial real estate, which has been way overpriced for 20 years. Many commercial real estate investors are starting to feel the pain as the bubble is about to burst. And this is just the beginning. As this Depression deepens, this will have disastrous consequences for house prices. Everyone who owns a house will be affected! My concerns are : 1. The real estate Cycle is due. 2. 40 million unemployed and growing. 3. In 2019, over 90% of US GDP was from consumer retail spending. That ends. 4. 75 million Baby boomers retiring and downsizing. 5. Many small businesses are finished. 6. Markets fall, Real estate follows. 7. Millions of AirBNB’s are in default. 8. The US is officially bankrupt. 9. Loans are harder to get. 10. I believe that the war on cops is the undersold story of this cycle. If cops stand down (Ferguson Effect), many formerly (somewhat) livable areas in big cities will no longer be. I predict a mass exodus out of big cities to the south and the mountain west. 11. People are seeing the effect of working at home, as are businesses. Why pay for that expensive rent, when if need be they could conference with Zoom or whatever for meetings. 12. This is a nationwide bust. It is not just a typical FED bust out the operation. Then throw the COVID effect in there. The peeps, like working at home. And the poorly-run debt-laden corporations might just want to stop paying rent on office space. And this doesn't even count the paradigm shift in folks working from home or the "social distancing" that's going to take place in restaurants and other retailers, which my guess will keep happening five years out, maybe more—a bust-ola for the ages. 13. Commercial Real Estate has been in trouble since the dotcom bubble. Lending requirements made it easier for banks to hide losses because of lending requirements. I thought Commercial Real Estate would blow already in 2007-08, but they got backstopped by the fed, via bailing out all the federal secured lenders. You could shutter 50-60% of restaurants with retail, there still would be too much useless crap, and shitty Wantons to waste money on. 14. 40% of commercial real estate is excess at this point. It will ultimately be torn down or re-purposed, or sit idle for the next ten years or so while the real economy attempts to catch up to the bubble levels that just burst. Lease rates will adjust accordingly. Take appropriate action today. Re-evaluate six months from now. Don't catch the falling knife. Expect prices and lease rates to be on a downward trend for at least the next two years. 15. Malls have been paper shuffling sinking zombies since late 2007. It did not take much to capsize the ship. Pity the young will only know malls as a politician named homeless shelters and methadone clinics. Malls were like Facebook to kids until the smartphone. There is a problem with public spaces in America. They’ve gone downhill along with the class and manners of the public. The decline started with Jerry Springer and earned income credits. Places that only attract inner-city gangbangers, hillybilly trash, imported exotic freaks, and other assorted creeps, don't seem like the best place to be attempting to sell something. Malls, soon to be bought up for pennies and converted into Prisons - I mean Quarantine, er I mean Fusion centers. The shop of the future is going to be a warehouse with new robots in a low-cost area. In a low-cost state. The product is delivered. No more city shop front, mall shop to rent. Wealthy workers? Escaped the city and work from a cottage, village, town—fast networking. No hours lost to car driving, city transport. 16. This is depression, not a recession. Don’t let the manipulated markets and money printing fool you. Equity REITs own more than $2 trillion of physical real estate assets in the U.S., including more than 200,000 properties in all states. Most REITs got margin calls around the week of March 21, 2020. Most REITs are levered 7:1, or more. Banks seized the underlying mortgage bonds via margin calls hence materially reducing the tangible book value of the vast majority of REITs. Some REITs entered forbearance agreements. However, some couldn't and experienced serious capital destruction that is not coming back as a typical stock can. It's very sad to see. Because mostly seniors were persuaded to buy REITs to provide yield income, now they just got 50-80% of their principal stolen, and the price is not coming back unless the FED enforces some type of "refund rule," which is doubtful. Covid-19 pandemic has caused "massive" challenges in the commercial real estate market. The pandemic is reshaping the workplace, which is now more flexible and remote and that could have a lasting impact on the commercial real estate market, especially office space. Many employees are never going to go back to an office, Working from home permanently may be the best thing to come from this crisis. It lowers overhead from renting offices and frees up traffic on the freeways. Using online digital tools will become second nature. Most companies have realized that it's stupid to make white-collar workers, who don't directly manage labor, to sit in an office five days a week when they could come in once a week. Shared office space is where it is going to be at, and no more of this cube. Work from home is where it will be at so 50+% of office space will not be needed. Lots of people are delusional thinking that after the pandemic passes, it's back to business as usual. If your company can live with you permanently working from home, then they can just as well hire a much cheaper employee in another state or another country. When it comes down to it, it doesn't matter whether you work remotely from home in the same city or around the planet. And companies will do whatever it takes to remain profitable. Then comes the real offshore, hiring people in Asia to do all work. Commercial real estate owners are starting to sweat. Over leveraged REITs are going to be annihilated. Because they were leveraged to increase returns with very little cash on hand, but when the market went south. Let the bankruptcy festival begin! They are going to get annihilated. These are really times to reinvent everything. Turn commercial real estate into residential and lower rent in the city, so middle-income people can move there without having to have ten roommates. The problem its like dominos.If some companies move remotely. The rest pretty much have to in order to stay competitive. By the way, there is no real culture in big cities. Why would you rent a studio in Manhatten when you can get a house in the surrounding areas? When people move, so will culture. People create cultures, not cities. I don’t think people are going to want to come back to office life in the city after they’ve had a taste of the freedom and flexibility of working from home or even just being in a less developed area. This will lead to increased profits for companies! The trend will be better remote and online digital collaboration tools. Physical commercial real estate will have to find other uses and change audiences in large. I hope we start to see more people working from home on a permanent basis. It's better for the traffic to keep gas prices and auto insurances low, just to name a few. For the health of the planet and people’s mental health, people should work from home. Commercial real estate is going to go bust. We are in an obscene bubble. Markets near back to where it was before the pandemic, is all based on hope. Much physical retail won't survive, layoffs trickling up to the white-collar, and just wait until the stimulus money ends. The reality is office demand is half what it was 20 years ago because of technology, retail was already suffering because everybody is shopping on Amazon. The cost of Industrial real estate construction has doubled in the past ten years, supposedly due to steel costs so that a plain steel industrial building now costs $80 per square feet before land. Because of poor tax policy that does not depreciate buildings fast enough, many plants operate in obsolete buildings. Recreational properties are also being screwed, mainly due to taxation by revenue starved localities. It’s about the economic mathematical facts! Everyone is a dispensable peasant earning flat humiliating wages. The real estate commercial sector is obscenely an extortionist entity. They are egregiously exaggeratedly overpriced. When has the landlord ever given a credit break? Never hope they go broke! Vacancy is now prevalent in all major cities and suburbs. Just look at all the Manhattan empty, vacant buildings. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. The impact of store closings all across America will be huge and will take a huge toll on communities. Much of this is linked to small businesses having its clock cleaned when forced to shut down because of Covid-19. However, a lot is related to paying higher wages, compiling with new government regulations, online shopping, and being forced to compete with big businesses backed by cheap Wall Street money. Retail and hospitality are the big areas where a lot of investors will see a lot of pain. This has severely impacted commercial real estate, with significant numbers of properties that have been closed. Plenty of businesses have been forced to close their doors due to the current climate conditions, and many won't be able to open up their establishments once this over. The thing is, many of these companies were already on the edge prior to this situation, and this just put them over the edge. Commercial Real Estate delinquencies are already surging. There was a huge jump in the delinquency rate for May 2020. This will also eventually affect the residential real estate market and also real estate investment trusts. When small and medium business is having a hard time paying their rent. It becomes very difficult for landlords when their tenants are not allowed to make any money due to a shutdown. The delinquencies in Commercial Mortgage-Backed Securities (CMBS) surged to 7.15% in May. This is the highest delinquency rate since 2009. CMBS are bonds that hold mortgages of commercial real estate, usually in different sectors. The worst performing commercial real estate sector is retail and hospitality. The problems in commercial real estate, will eventually spread to residential real estate and make the housing market crash. The housing market today and in the future is affected greatly by unemployment and business bankruptcies. Right now, it seems the stock market is ignoring the huge problems in the economy. The Commercial Real Estate Delinquencies Surge Will affect All Real Estate And REIT Stocks. The number of retail space per capita exploded between 2018 and 2020 in America because of the low rates. So, now, the rate will pick up soon enough, no buyers, tons of sellers. Bankruptcy for those who can’t pay the debt by selling assets because demand is low. America all hell is about to break loose. The US retail space per capita is huge compared to the whole rest of the world. The retail space per person in the US is 23.5 square feet. The next biggest one is Canada, which is sixteen point eight, and then. Australia, which is eleven point two and then Japan and other European countries. We are about fifty percent bigger than the next biggest one in Canada and more than double the second biggest one in Australia, and then we're like four or five times most of Europe and everyplace else. There has been too much construction in US real estate. There was a tsunami of oversupply. This means we have a lot of extra retail space, and if they're not paying their mortgages now, there could be a lot of empty retail stores and space. Especially with the headwinds of online retail sales advancing every year. This could be kind of a perfect storm for retail, commercial mortgages and commercial buildings and any kind of retail locations. The number one victim is going to be retail. Retail was already feeling the effect of e-commerce. We already had a very significant oversupply in retail, so retail is probably going to take the biggest hit. The second biggest hit is going to be hospitality, again we built a lot of hotels for the last five years. We were already beginning to see oversupply affecting occupancy unquestionably, but this is going to dramatically make things much worse. We won't see a lot of retailers reopen. I don't think we'll see a lot of hotels reopen either. Now factor in the damage of the shutdowns and the historic high unemployment and the protests. This is a perfect storm for the commercial real estate market. I see another 2000 bubble brewing. One thing I’ve learned about finance is that it takes personal experiences for people to understand any economic impact on them. For example, people in small towns may not feel the impact of economic shutdown like people in cities, so they think everything is fine. But the loss of overall GDP will affect everyone when massive deflation hits their home prices. The devastation will hit everyone; it’s just a matter of time. Economies are not isolated but interwoven internationally. All economies will crash in 2021. ALL. The Fed is simply bailing out their buddies on Wall Street as an exit strategy so they can bunker down while working Americans have to bootstraps the economy back up in a decade, so the leeches can pilfer society once again. The FED is printing a shitload of fiat. And interest rates are a mere fraction of what they were in the late 70s and early 80s. It is very telling. End the FED. This was The Atlantis Report. Please Like. Share. Subscribe. And leave me a comment. 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

👉The Dow is taking off like a SpaceX Rocket Ship !!😆😱😃😄

👉The Dow is taking off like a SpaceX Rocket Ship !!😆😱😃😄




The Collapse of America is bullish. America is collapsing, but The stock markets are roaring up, and the Dow shoots up to the moon. What a bizarro world are we living in! Nothing surprises me anymore. The bankruptcy rate of small and medium businesses is going ballistic. The US Bankruptcies Soar 48% In May, The most since the financial crisis. The trade deficit continues to expand. Millions of Americans are out of work. Nearly 43 million Americans have filed for unemployment benefits during the pandemic. For 11 weeks in a row, jobless claims have been in the millions. The "unexpectedly strong" US jobs report actually admitted that it was fake. The national debt has hit $26Trillion, and the tax takes are falling off a cliff. Debt to GDP is sitting at 130%. But if you include state and local debt, the total Debt/GDP ratio is 146.5%. And should be heading for 300% soon. Soon to exceed Japan's ratio. And The US stocks are hovering near a three-month high, The stock markets are up, oil prices almost back to their old, and Trump is tweeting the hell about it. Don't understand how the Saudis can raise the price of crude when there is no demand. These Markets are on Crack. We have now entered the Twilight Zone. The Dow is taking off like a SpaceX rocket ship. This rally is as organic as a bag of Cheetos. Bankruptcy news can apparently send your share price flying 825% these days. The Stocks are all that matters. Nothing that free money from the federal reserve can't fix. After all, they are zillionaires. The inmates have taken over the asylum. If we’re talking in terms of numbers, yes, the markets have recovered to almost their All-Time Highs. In terms of logic and sense, it went the opposite way. It recovered based on absolutely NOTHING. The bad news was good news. The Fed fell asleep with the finger on the 0 button. They started with 1, and the 0’s kept going. This is the only reason markets went up. I bet we would be below 10,000 on Dow if they didn’t pump it. THE FED and the government have been the spender of last resort. Debt to infinity, or there is nothing left to pay. The breakdown and tipping point is in the past, in early 2020. Now we watch it all unwind back to the Middle Ages. You won't have to blink many times before you will see the marines in the streets. A total descent into chaos is on the cards. Money can be printed. Wealth cannot. There is no chance this rally is not orchestrated. I mean completely orchestrated. Bears will have to wait for another shock. As long as the ALGOs can make their midday snake channel, this will go on for a long time. For that, the volume must be kept relatively light. The ALGOs are masters of that. "The stock market is NOT the economy." War, natural disasters, pestilence, they have no effect on stocks. The "Capital Impairment" of the US is real and not going away. It's been caused by picking apart the US infrastructure, private tangible productive capital, and pretending that "made up" substitutes like "Knowledge/Service Economy" are drop-in equivalents. They aren't, and we've seen how much they aren't with COVID in terms of the total inability to respond to it because we no longer make fundamental things. How quickly the Potemkin "Knowledge/Service" economy collapsed, and How quickly the supply chains of "real products" from overseas have collapsed. Just like in 2008, people left the market. Especially older people. Liquidity goes down; manipulation is easier and cheaper. So yes, the economy in the shitter, and the stocks up. Riots in your city defund police. Basically, the algorithm is anything that's extreme and doesn't make sense. That's what's profitable. Fake economy and fake stock market. Those large companies with their stocks at all-time highs will now buy all the bankrupt companies for pennies! All part of the plan. Never let a crisis go to waste. The stock markets, and all the markets for all we know, are being driven, not by normal investors, but by free money from the federal reserve. They give free money to the banking system, and they buy up all the stocks with this free money, as ordered. And this is just the stuff they are doing openly. They've been manipulating everything financial in secret for decades now. This is why they don't want us to see their "secret" books. In the old days, we had the expression, "It's the economy stupid." But that has been replaced with "It's the FED stupid." They are at the controls, not us. The unemployment rate could go to 100 percent, and markets would still go higher as “the Fed continues gifting trillions of dollars to America’s overlords who use the money to fund their cartels. It's just insane. So far, the central banks are winning at their game again. Can't last forever, but right now, they have proven everyone wrong. When it does go bust, it's going to be one historical event. If a 2000 tech bubble is worth over -50%, you can be sure that global economic dumpster fire is worth a hell of a lot more than -35%. It's why the Fed is pumping in the first place, and why the data is being falsified. The more Central Banks money printing neither helps inflation (beyond the stock market) nor employment (as any money corporations get will go into buybacks). So, why in the world are Central Banks printing money, besides helping out the global elite. The FED is not 'supporting the markets'; the FED is gifting their crony friends with stolen money. Wealth confiscation via the inflation tax. The Fed is robbing people with insider trader scheme. The money printing goes to zombie banks, zombie companies, and bank cartels that put it in their pockets. The productive part of the economy is starved of cash and dies. Central Banks are doing illegal money printing for the wealthy. It's only pushing more and more poor and middle-class people towards socialism. Central Banks have murdered the free market. This endless money printing for Wall Street is fueling this stock market bubble. It's pissing people off and pushing poor and middle class to say effe it, bring on socialism! All part of the plan. Just imagine in a few years an AOC type as President getting a hold of the Fed's money printers!. It’s All Fake, It’s Rigged, and It’s an epic Criminal Fraud. And the consequences will be historic for the armies of unconscious Dolts that cheer it on. Yet, the Wall Street degenerates continue to gorge [enrich] themselves on public-funded debt (Welfare for Wall Street), unabated. Meanwhile, the tax slaves ultimately on the hook for Wall Streets free-ride & easy money are burning down their businesses & communities. It seems all is well in Slavelandia. The tax slaves are too busy protesting or quarantining while the Wall Street elite are in Martha's Vineyard or the Caribbean (must stop at the Cayman Islands to check on accounts) cheering on the protests and giving sound bites on Bloomberg about social justice. People really are stupid. With the US economy dead since 2008, the only thing left for the Fed is to print trillions of dollars in debt. No one with an ounce of common sense is going to invest in this market. The valuations don't even make sense, assuming a full return to pre-COVID economic activity. We are watching a market completely detached from fundamentals. I don't know why the FED would think this is healthy. Maybe they can't really control where the money goes, and they feel it necessary to support the various markets they are shoveling money into? After all, What good is an inflated stock portfolio if you live in a poor and divided nation. This system doesn't have a "few years." This action is to keep the economy alive until after the election, and then we get the reset and new system. Whatever the hell that is going to be. I doubt it's going to be "better" for anyone watching this. How is it that our politicians on both sides and the entire media conspire to help the big banks and big companies, calling them too big to fail? How can America yearly spend a trillion dollars more than it takes in, and it just is ok? But if an individual does it, they go broke! The middle-class Americans, seeing their standard of living, evaporate, yet the stock market comes soaring back. The disconnect is deafening. Zimbabwe is the template. In the end, they will say, "We did all we could, but the US dollar died anyway. But we do have this New One World Currency we would like to introduce the world to. Try it; You'll like it (since we left you with no other choice)". Everything is moving along as planned. The U.S. dollar’s days as the world’s reserve currency could be numbered. World history tells us all fiat paper currencies head to their true fundamental value eventually. ZERO. In the last 570 years, there have been 6 World Reserve Currencies, each lasting between 80-110 years. The US $ is now in year 100, and many textbook distress signals are now in place. Will the 2020's be 'The Last Hurrah'? WHAT ARE THE DISTRESS SIGNALS? WHERE ARE WE? 1) Sky High Debts that can NEVER be repaid. 2) 0% Interest Rates. 3) Rising Unemployment. 4) Panic buying & Supply shortages. 5) Social Unrest. 6) Government Bonds Yields at record lows. 7) Endless Helicopter Money Printing propping up economies. ENDLESS MONEY PRINTING will CAUSE ZIMBABWE, WEIMAR REPUBLIC, ARGENTINA, VENEZUELA STYLE RUNAWAY INFLATION !! The elites know this system has reached its end, and the dollar needs to go away for the simple fact that they want more control by using digital currency. If the dollar is dethroned as the world reserve currency, I would expect it to be replaced by some “global currency,” not by an individual country’s currency. That’s what the elites have been incrementally working toward for quite a while. America is circling the drain because we have had shitty leaders for three decades. Or even six decades with one or two exceptions. Trump has been pumping up the over-valued markets and convincing main street, the stock market is A. the economy and B. a good investment, despite the first being stupid and the second being even dumber. The market is soaking up the inflation of the recent money printing,$6 trillion at least. A devaluation to pay down debt. Debt that will keep the music playing. Fed debt and government debt are used to control the sheeple. Sheeple debt is different and has to be serviced, or the system collapses. As Venezuela melted down, they had the best performing stock market in the world for five straight years. We are melting down. The stock market is going to da moon.....to da moon. 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 that matters is our government's continued willingness to disregard the financial well being of future generations to keep markets lofty these days. Next month ought to be interesting, starting off with a huge correction in the BLS employment numbers, and also disastrous quarterly corporate reports starting to come out. And the lag effect of this economic downturn will start showing up in our economy. Defaults on mortgages should skyrocket unless the fed steps in with trillions of newly created dollars. But they won't bail out the individuals. They will only bail out the banks and the markets (for now, until the time the order is given to pull the plug on the markets). The individuals will be dumped on the side of the road and left for dead. But never mind all that, the economic downturn is over! Stocks have skyrocketed, we created millions of new jobs, everything is just great. Smoke and mirrors at its finest. Free money from the federal reserve is manipulating the markets higher, and now fake government stats have joined in on the delusion. In the old days, we only had to deal with fake news; now, our entire markets and government stats are fake. The Fed already tried raising interest rates gradually from 2015 to late Summer 2019, and the financial system began signaling imminent collapse by Sept. 2019. Go ahead, raise rates again, and collapse the economy before it has even begun to recover. Apparently, the current riots with looting and arson plus murder and assault are not an adequate reset! Everyone should wake up before they are dragged into an intersection and beaten to death. The 2008 recovery only really favored the few anyway, and 2020 is grotesquely more severe as many of the previous jobs never return and what new ones do appear will not cover the losses. If anyone at the Fed triggers ANOTHER Crash by raising rates before the fires are extinguished should have all their wealth seized. To have any sort of civil peace, many more trillions will have to be passed out annually. And to do that rates will have to be Zero- for 10, 20, or even the balance of the century. The game ends when markets are too big for the Fed to manipulate. In the meantime, nothing can stop this emerging bull market as everyone knows that when the next ginned-up crisis emerges that the Fed is going to monetize equity (buy stocks outright). So buy all the stocks you can because when the dung hits the fan, the Fed will make you whole. This rally is orchestrated. No real thing will turn the market down as long as the system of organized support does not fail. As long as the volume can be held down by the ALGOs, the uptrend can last until there is another shock. It is the same game everyday. If it opens down, stocks land in a waiting basket. Prices are then managed back higher. Goal one is always to close green for the day or secondly, well above the open if that is not possible. Stocks are frequently gaped higher. The same basic pattern ensues, and the goal is to close at the high for the day, if that is not possible, no black candles or thirdly up for the day. The basic pattern is the same every day. Deal with the sellers in the first 30 minutes. Make a snake-like low volatility pattern until the close. Trial rallies are attempted throughout the day. The close is always banged. Every now and then it doesn't work, but even then it doesn't do too badly, Will this pattern be present tomorrow? It always is. Why would tomorrow be any different? It is silly to attribute rallies like this to organic trading. That is ridiculous. The really big question is "when to cash in and then where to put the proceeds." The petrodollar Ponzi is kaput, trillions created with a mouse click, and backed by some lizard on TV. Digital wheelbarrows of money for just a measly single share. Good luck with that. If you're not stacking gold/silver and bitcoin, you're going to be eating gruel in the Bolshevik gulags. Hear me now and believe me later. And stack useful assets. A solid diesel truck. Housing. Some basic commodity company stocks etc. Ammunition, of course. Body armor. Get more Precious Metals while you can. They will be too expensive and unobtainium later. Junk silver (90%) is still cheap and available in 1964 or earlier US coins (halves, quarters, dimes), and Franklins and Liberties. :Bunkers,Bullets,Beans,Bullion,COFFEE,BOOZE,LAND,And MEDICAL SUPPLIES. 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

👉Prepare for The Great Reset of 2021 !!

👉Prepare for The Great Reset of 2021 !!





The unemployment rate is at 38 percent, according to John Williams of Shadow stats. The DEBT to GDP rose so fast the past month from 119% to 125%. Companies continue to make layoff announcements, and more are to come. The market has been rigged. The treasury, the Fed, and the wall street elites are all in it together! Income inequality is going to lead to a revolution. Anyone that was hoping for a “quick recovery” for the U.S. economy can forget about that right now. Debt keeps going up - we are on a treadmill to oblivion. There is no exit strategy and will end badly. Debt matters. Millions of small businesses are not going to be able to survive in such a depressed economic environment for very long. Around the country, governors can choose to end the lockdowns, but they can’t order customers to go out and spend money. And considering the fact that more than 40 million Americans have lost their jobs over the last six weeks, a lot of them don’t have money to spend anyway. Meanwhile, the cost of living is actually going up. Thanks to the ongoing meat shortages, fresh meat prices are escalating quite rapidly. We really are caught in a downward spiral now. We never really fully recovered from the great recession. The manufacturing production is still 5% shy from its pre-recession peak. The construction sector down 20% from its pre-recession high. Just because we have muddled along putting band-aids on our economy does not mean that we have accomplished a great deal. The Trump economy has been a continuation of deficit spending. We have postponed the day of reckoning but most likely made it far worse. The economic collapse that we have been warning about is here, and it is going to continue whether there are lockdowns or not. The destruction of small businesses is a feature, not a bug. One more mechanism of wealth transfer to the politically connected. The governors and the Fed allowed the big-name box stores like Walmart and Home Depot to stay open while using executive orders to shut down their small business competitors. This is what happens when control freak totalitarians, who never miss a day's pay, put you out of business. Heck! They don't seem to mind letting the big stores open but crush everyone else. It's obscene. It's evil. The New World Order Cartel globalist intends to wipe out the entire middle class by year's end. COVID 2.0, LockDown 4.0, Force Civil Disobedience and bloodshed, roll out a heavy-handed military response, collapse the global economy, what's left of our government - tanks in the streets and shoot to kill all who do not bow. Patriots slandered, scapegoated, and outlawed. Everything in the geopolitical spectrum is racing toward the New World Order. One World Governance agenda. Goodbye, America; Hello, Amerizuela - From Roaring Twenties to Whispering Twenties; it took 100 years, but the Rulers got us - from Elvis to COVID and on to Brave New World; 1984 was a great year. The next Davos meeting in January 2021 is themed "The Great Reset." It will have far fewer attendees and be virtual as well, almost as if they knew travel and face to face interaction would be tricky. The 2021 World Economic Forum summit will be held both in-person and online and will focus on reducing humans' impact on the planet and how to move past the pandemic. The theme marks the urgent need for change in the global economy. Founder Klaus Schwab said, 'a great reset' is needed, and insisted the meeting could 'build a new social contract that honors the dignity of every human being.' He added: 'The global health crisis has laid bare the unsustainability of our old system in terms of social cohesion, the lack of equal opportunities and inclusiveness. Nor can we turn our backs on the evils of racism and discrimination.' Ah yes, the elite and their wonderful ability to reset the planet for us but not them. Klaus Schwab, a Bilderberger and Trilateral Commission member, is not someone who is really concerned with the dignity of the human race. He appears very interested in power and money and self-aggrandizement within a small group of people only as he like most of the so-called elite publicity-shy. He knows, and they know best, even though their banks and corporations are responsible for most of the ills we experience on planet earth today. They'll tell you its about making a better society but really its about resetting the broken financial system. The Fed is no longer able to kick the can down the road as it is meeting a wall. John Williams says the economy will bottom in early to mid-2021. And it is going to bee like a 90% reduction by then. The system is bankrupt, and they're just spending money to try to prevent an immediate collapse. As long as the statistics can be faked, we can have a fake V-shaped recovery. Buy up stocks and bonds with free money from the federal reserve. Fake BLS employment reports, fake COVID exposures, and deaths, etc. We should have lots of celebrations during the month of July, only to find around late July and early August corporate financial reports showing just how fake the stock market and government figures actually are. Remember, numbers don't lie though, people do. We are only in the early stages of this planned world economic and government finance collapse. But, don't worry, the central and international banks are in complete control of Everything Called Financial. And the introduction of a new, one world currency, which will replace the US dollar as the world reserve currency, is right around the corner. Perhaps in 2 years' time after they complete their COVID agenda of the destruction of the world economy and world government finances. Everything was well planned ahead of the release of their COVID scapegoat. But right now, they need governments to go even deeper into debt before that secret fraternity of elites at the very top gives their federal reserve the order to "Pull it!" As we watch the world markets collapse. Unlimited currency has always historically resulted in inflation. I believe our future to be inflation, hyperinflation, economic collapse, and world war III. The only thing saving us now is that the dollar is the reserve currency, but for how much longer! Once that passes, we will quickly be like Venezuela. Banks create money out of thin air and then charge interest on it. The only thing keeping this system going is faith in the dollar. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. More than 40 million Americans are out of work as entire industries have frozen during the coronavirus pandemic. The unemployment rate has skyrocketed to its highest level since the Great Depression. But this so-called (100% fake, contrived) "stock market" can and will probably go much, much higher. The Stock market is a Casino where the house always wins. It's called a Ponzi scheme; you just have to convince people it's a sound investment, whether it is or not. The market looks good, but the internal reality is not. The US Dollar is collapsing. Manipulating the markets is illegal, except when it is the federal reserve doing it, then that's completely fine. Stock market indexes are a national security concern. They must be kept elevated at all costs. If stocks drop too far, bad things happen -- pensions go bust, insurance companies teeter on the verge of bankruptcy, 401K holders still working for a living get grumpy and disillusioned, retirees who have been forced out of "safe" bonds/treasuries and into higher returning stocks get hosed even worse than before. Let the stock market drop too far, and the granddads and grannies will be out rioting with the youngsters who are already totally screwed, and those old farts won't be throwing bricks, they'll be throwing lead. It's all going to come to that at some point anyway, but not until the people running the show are ready to take them on. It could be next week, could be next year, who knows. But it's coming. The market is like the Coronavirus! Very poorly, slight improvements. Feeling healthy and suddenly on a ventilator fighting for air/ life. The fed pumping all sorts of remedies/ therapeutics. Prepare the body bag. Once that secret fraternity of elites at the very top gives the order to start hitting the "sell" buttons instead of the "buy" buttons, the next step of their coronavirus plan will be completed. The final stop of their COVID-19 plans will be when the US dollar is replaced by their long desired, one world international currency. And all other currencies will be rendered useless. Then it will be "Mission Accomplished." This is the only explanation I can give about this intentionally released COVID agenda. They need this one world currency, which is part of this new world order of an eventual one-world government, one world economy, one world banking system, and a one-world currency, owned and controlled by the IMF. A complete takeover of this world by way of the financial system. And no one can stop them, because even if we knew who they were, they are untouchable. There are two separate worlds. One is a real day to day life. Wall St is an eternal casino. Such is the sad state of affairs in the current version of Rome, 475 A.D. The real question to be asking yourselves is not "Which stocks should I own." but rather, "What is my survival plan!" The higher they drive stocks up with free money from the federal reserve, the more damage they will produce when the order is given to "pull the plug" on everything called financial, including the stock markets. And even the government has joined in on the act with their fake BLS employment numbers. I remember the old days when just the news was called fake. Now our entire economy and even government statistics are carrying that label. This just goes to show how well coordinated this takeover of the world of money by this international banking system is. We can ignore reality, but we cannot ignore the consequences of ignoring reality.” ― Ayn Rand. I guess hyperinflation it is then, I knew all that pasta, spam, and toilet paper I overbought for the pandemic would be a good investment someday. Buy storable goods while you can with the "gift" of the credit card. Take advantage of all sales and coupons, as it is better to be six months early than a day late. The Federal Reserve is largely responsible for the mess that this nation is in. The US Federal Reserve now has a 0% Reserve Requirement, meaning; They should no longer be called a Reserve Bank. They are going to negative rates and not wanting to penalize retail banks or deposit-taking institutions, for holding reserves. They will eliminate retail banks, only investment, and commercial banks left. Eliminates the Repo market as they no longer have to raise money to meet reserve requirements at days end. The Banksters and corporate parasites are the roots of all the evil in the west. Centralization of credit in the hands of the state is the fifth plank of the Communist Manifesto. The fed is the globalist bankster oligarchs collection agency, and its sole purpose is to strip mine the wealth of America until only an elite wealthy corporate class, and an impoverished needy serf class exists. The privately-owned banking cartel known as the “Federal Reserve” was brought into existence in the dark of night by corrupt globalist banksters from England along with equally corrupt U S Anglophile politicians for the sole purpose of strip mining the wealth of America and depositing it into the hands of the one percent ultra-wealthy banking oligarchs in Europe. Madoff in jail at this point, is a massive injustice. And about the same time, taxes started being implemented where they hadn't before. As with everything else, at first, they were voluntary but soon became mandatory. Increased taxation always ends up benefiting the very wealthy and creating more poverty for the already poor. It gives enormous power to the central government and creates further dependence on it. "Power corrupts, and absolute power corrupts absolutely." The EU nations, which are more socialist than we are, for now, at least, are heavily taxed, and yet the EU is struggling economically. But The Power That Be always force us to copy them as much as possible. The Federal Reserve is one of the world banks, all of which are in the hands of the globalists. They have only their own interests at heart, regardless of which economic, political, or other ideology they tout. They'll use anything, idea, or person in their shell game to take resources and manpower for their own gain. The coming NWO evil system will have the full backing of the globalists, who will be more than happy to implement his mandates under the guise of peace and safety for all when in reality, it will be a way to control the world in a way more evil and all-encompassing than the world has ever seen. I'm not saying that some taxation isn't helpful. But where we've gone with it and where we're going with it, is not good. As the Social Security Retirement may run out before I get to reclaim all that I have paid into the fund. George Carlin once said: When you are born to this world, you get a free ticket to the freak show, and if you are born in America, you get a front seat. Welcome to the freak show that works for fewer and fewer people. Americans Educated by Hollywood and Television will never solve their "real" problems because most Americans don't know what their "real" problems are. Their minds have been mediated and their reality constructed by their enemies. 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

👉Is the New Jobs Report Really this Positive !

👉Is the New Jobs Report Really this Positive !





A V-shaped recovery is a pipe dream. Most of the service sector is toast. Small business has been hit very badly by the closures and the riots; many have been burned to the ground and won't be fully re-opened any time soon. Small businesses make up 99.7 percent of U.S. employer firms, 64 percent of net new private-sector jobs, 49.2 percent of private-sector employment, and 42.9 percent of private-sector payroll. This is what we know so far: The U.S. jobless rate fell to 13.3 percent, from 14.7 percent a month earlier, and employers added 2.5 million jobs in May. But the economy had lost 22.1 million jobs combined in March and April. Payrolls are nearly 20 million below their pre-COVID-19 level. The worst unemployment rate in 80 years. We still have a long way to climb out of the hole. The report NEVER mentioned what kind of jobs these are. All service industries.Fast food restaurants, people who do your nails? I'm not slamming that workforce, but are those 2.5 million jobs paying the kind of money to sustain a family? Manufacturing, Industry, etc. I read that a large percentage of it was bars and food services. Makes sense, you can't open those places without staff, even without customers. Plus, since they survive on tips, sure, they are "employed," but making minimum wage tops given the occupancy is probably 25% of pre-COVID. If you're in that industry, you are going to be dramatically better off unemployed for the next year, or find a new job. Temporary layoffs were not counted in the unemployment numbers. So when they get called back to work, they are counted as jobs gains. These aren’t new jobs. Furloughed employees are returning to work. Nine million unemployed workers were deliberately left off the unemployment rolls due to a new colorful classification. There are more unemployed workers now than there was a month ago. And if we could get the unemployment numbers as reported by each state, I bet they would be a lot different. so we moved people off the unemployment rolls and onto PPP so their bosses can hand out the government cheese, and this counts as "employed." Wait until the rest of the PPP loans are exhausted, and more employees are let go. We have 160+ million workings, and 40+ million are currently unemployed. That makes a more or less 25% unemployment rate. The real unemployment numbers are 35 percent, according to ShadowStats. And all this despite The bailouts, The Stimulus, massive deficits, the payroll tax holiday, near-zero interest rates, and the FED's MULTI TRILLION QE program. Atlanta FED's last GDP prediction for Q2 is now -52%. Look at these numbers. We've never seen anything like them. The national debt is going to hit $26 trillion soon. Up around 6 trillion under Trump.Debt to GDP ratio of 122%. He ain't lying when he says he's the King of Debt! And the Federal Budget Deficit is at $3.8 TRILLION, Spin that. Bread lines in most inner cities and some rural areas. Hate & Divisiveness Index soaring. What else is left? Well, not much. The USA is in a "V for Vendetta" type recovery. The magnitude of the Q2 numbers are really difficult to comprehend. With so much deficit piling up to sustain the economy, I wonder how long this can continue. In most simplistic terms, it appears the US economy is like the Seinfeld show - much activity to produce subsidized goods and services that nobody actually wants or demands. I think a leading indicator of a Seinfeld economy might be new car sales. "it's really the most wonderful recovery I've ever seen!" said Trump. How desperate is Trump! He's dancing for joy at 13.3% unemployment! He lost 22 million jobs in two months. Then he gains 2.5 million back and pretends he accomplished something. Honestly, the guy is losing me. If we had ANY reasonable alternative, I would choose it. How about an "incredible" 10 trillion dollar stimulus package this time to suit the greatest economy there ever was? Anything less would be unworthy of such a magnificent economy. That should be a "tremendous" economy. TRUMP praised the V-SHAPED RECOVERY But WILL ASK CONGRESS TO PASS MORE STIMULUS. He said he’ll ask Congress to pass more stimulus money, including a payroll tax cut. He wants more stimulus because the last heroine hit is quickly wearing off. Unironically, just before he announced the need for even more stimulus, the president was praising the V-shaped recovery in both the economy and the stock market. Employment up 2.5 Million, and he wants more stimulus? Can't have it both ways, Trump. What numbers are we supposed to believe! Asking for more stimulus just poured cold water on his “everything is great again” speech yesterday. We have a V-shaped recovery, but the economy needs more stimulus. Translation: Get ready to bend over again, working stiffs, because we're going to steal your wealth to enrich the bankers and big corporations again. But nobody told that pompous that V stands for Vacuous. Trump was off the hook yesterday morning with the pump and dump. The United States government under Donald Trump pulled a number out of thin air and pumped up the stock market with it. “Tremendous progress is being made on vaccines,” Trump said during a Friday morning press conference from the White House. “In fact, we’re ready to go in terms of transportation and logistics. We have over 2 million ready to go if it checks out for safety.” Two million vaccines that may not work, ready to go! Tremendous progress. Wee!!! The news broke as the market started to fall. He got a momentary pop out of it. Pumping up fake markets and ignoring deficit and debt. Only a fool believes what any politician or bureaucrat spits out. Trump's promise to cut the deficit in half has changed to a promise to double, triple, or quadruple the incredibly large deficit. He has flip-flopped on so many issues. As always, the politician reneges on absolutely everything. Makes sense! V-shaped recovery, but we still need stimulus. Print your way to prosperity. And don't forget yield curve control and negative rates. All necessary. He is buying the mirage of a healthy economy that we will have to pay for. This is crazy. To hear this speech by Trump, is simply to understand the disconnect of the population from reality, for the POTUS speaks to this group. Whoever wrote Trump's speech should be sacked. If not, Trump is on meds. And he still wants negative rates. Part of any president's job is to be a cheerleader for the economy. Why would more stimulus be needed when the economy is obviously in recovery from the shortest recession ever recorded in history, according to the stock market fueled by incredible employment numbers. This is not a V-shaped recovery, but a swirling whirlpool of doom. Ask Congress for more stimulus? Praise for the V-shaped recovery? WHAT'S WRONG WITH THIS PICTURE? It's like putting out a fire with gasoline. It's wet, so at some point, it has to work. More likely, a V-shaped dead cat bounce in a buying votes season. If Trump believes those BS numbers from the BLS today, with all the screaming empirical data that exists, he is a lot dumber than I thought. Then again, he's a politician, and those fake numbers suit him just fine. He is also a member of the elite wealth club and lives in the back pocket of the bankers. Let's hope he doesn't run to his bunker scared when the 50 Million unemployed start rioting. No economy in the world can be sustained on fake numbers. As always, debt/printed money/phony non-market low-interest rates must be taken into account as to whatever rebound occurs. I'm watching closely for a better price to obtain more Precious Metals. Why do we need more stimulus in a V-shaped recovery? If we have a real recovery, no stimulus will be necessary. Funnel MORE MONEY to the CORRUPT Politicians, Wall Street, the Banks, and CORPORATE WELFARE SOCIALISTS. Complete takeover and elimination of the middle class and small business. This has been going on since 2008-09. The Fed bailed out the banks with 900 BILLION starting Sept 2019 until COVID in April. And the "initial" bailout was only 700 Billion, or the entire world was going to end back in 2008. Forget the unemployment rate. It is basically useless with all the carve-outs. Using the labor participation rate, in addition to other metrics, gives a more accurate analysis. Before the pandemic hit, there were over 11 million unemployed or part-time looking for full time. This was NEVER the best economy as Trump was trying to bs people into believing. In fact, there was more hiring during Obama's last years in office than in Trump's time in office. There are known 40 million newly unemployed by the unemployment applications. Add 11+ million to that, and there are over 50 million unemployed. This is the number Jerome Powell looks at when he tells Congress to do something, and don't worry about the debt. We need a jobs program and more at this point. An indication of the anger in America is reflected in the streets, and it has little to do with racism. It is pent up anger coming out in the form of what the politicians want, a divided nation. When groups are pitted against each other, they are not united and attacking the true culprit. The greed and corruption that is making money off of the low wages and unemployment. And I am not saying Obama was any better. We are living in a fed-enabled world. It has our backs; everything too big to fail has won the lottery; the rest can just vanish silently. The End result will be the value of the US Dollar. Socialism is unsustainable. In the end, no one owns anything, and we all live in government-subsidized housing, rely on government handouts for food, and the healthcare system is overrun because the experts refuse to work for chump change. Let's give Wall Street another $1 trillion. They are good people, said Trump. This could be where Trump finally goes off the rails. Elected as a populist but now just plays financial shell games. Where's that corruption cleanup everyone was promised a few years ago?! Trump solved the economy, racism, North Korea, windmill cancer, and built a wall around the white house and cured the virus. Too many people didn't take him seriously when he said he would run the country the way he ran his many failed businesses. The only president in the history of the US that printed and still printing trillions of dollars, lots of them. By the time he is out of office in a few months, he would have printed $20 Trillion. A New York Billionaire Con Artist sold a "Populist" movement. When Mnuchin and Kushner showed up running the country, everybody should have seen that is never about the "People." And he just threatened to unleash the military on Americans. It is going to be sad Independence Day this year. You would have to be stupid to think that things are heading in the right direction. Things are spiraling down the drain faster than you can blink! Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. It's disturbing to read about all the talking heads, including committees in Congress, either pretending to be clueless or truly are about the Federal Reserve. It is a private entity with a profit motive and goal directly opposed to that which it pays lip service to. The more loans it provides, the more powerful it becomes. Right now, the biggest task for them seems to be the effort to hide the exponential inflation that is occurring. Prudent stewardship of the money supply and monetary policy was abandoned a long time ago if it ever was something the Fed actually cared about. People are not stupid, so with time, they will figure out that actions speak louder than words, and when abuse and deception become institutionalized, they follow suit. The moral decay that is soon about to have run its course started with large financial institutions playing the markets through manipulation. Later this became too easy, so nations were played, and now it's global. The Fed, together with other central banks, are at the top of a defacto criminal racket to siphon off real value and centralize control for the political class that works as their accomplices. The illusory power that they have stolen is further used to wage war and create suffering on a gigantic scale. The mere fact that these entities exist is a testament to how utterly confused and misinformed people are on purpose. At what point was the concept abandoned an economy is a productivity, a good investment value? Funny money and sky-high PE ratios do not an economy make. Nor do I know how one can say an economy is strong; we have to throw funny money at or lower rates to near zero. Seems to me this is merely an admission of the opposite, that one has an economic emergency on their hands, a sick patient. In a strong economy, you have to raise rates and thereby back off on artificially allowing inflation of the money supply. This funny money is like saying people never had it better, out of one side of your mouth, and out of the other side saying we need emergency funding, to stem starvation. 2 + 2 never equals 5. You know, I don't think anybody, at large, dares to be honest anymore. Nobody will call a pile of dung anything but fertilizer. It all goes back to Grover Norquist and the K Street Project. I don't see any real difference between conservatives and liberals when it comes to the buffet of pork. They merely champion their pet projects, and all ultimately subscribe to a bottom line of something for nothing, pile up more and more debt, what me worry? The U.S is a one-party system when it comes to looting the Treasury, the national wealth. At some point, politicians need to be featured on American Greed. The law has been clear since the 1930s, and the politicians have simply deceived the population. Your payroll taxes were spent the day they were collected as they still are by contributors to this day. An additional 26 Trillion was borrowed and spent as well. People do not know this, but when a person gets their Social Security check, it comes straight from the US Treasury general funds account from taxes and borrowings gathered today. These numbers are rolling so fast, and 2020 is so unique. Estimates have to be very loose, but around two-thirds of every Social Security deposit is borrowed right now. In terms of accounting, the US Government and all governments operate like money laundering operations that only appear to be legal. Payroll taxes are just taxes, like all other revenues collected by governments. Taxes are too high on the employed and employers, and this particular scam being payroll taxes was political deception 85 years ago and long past absurd in 2020. Cut taxes and rewrite tax laws at all levels, especially eliminating ALL state and local taxes and the legal right to levy them. How much of your total income remains to you after all your taxes from all directions are considered at the end of the pay period? How much did you have to borrow? Well, sheeple, doesn't this story perfectly show what the BLS report was as fraudulent as the US economy itself?!! Just another TRICKLE-UP excuse to give the rich more and none for the poor. What small businesses? They're gone!! The fake market will implode soon. Get out now before you lose everything. I warned you. It's a casino, and the Fed has the place rigged. End the Fed, abolish the IRS, reduce government by 90%, implement a 15% flat tax on nonessential goods, back currency with hard assets, return to a constitutional republic. These are the true looters of this country—the real criminals. 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

👉The Fall of the American Empire - Economic & Financial Collapse !!

👉The Fall of the American Empire - Economic & Financial Collapse !!




The American empire is in crisis. The economic collapse is worse than the great depression. We have seen it all these past three months. The coronavirus deaths, the lockdowns, massive job losses, education disruptions, loneliness, depression. And then just when we were turning the corner. Coast to coast protests, unrest, violence, destruction, looting, and chaos. More than 350, that's the estimated number of cities in which protests have taken place in America in the last 24 hours. One thing is certain, America and the world will never ever be the same again. The economic fallout of the lockdowns will reverberate for years to come. The US GDP is now projected to decline by nearly 53% in the second quarter. The US exports hit a 10-year low. Trade deficit explodes. The US pension plans warn they will run out of money by 2028. 1.9 million Americans applied for unemployment last week. 42.6 million have filed jobless claims during the pandemic as extra unemployment benefits expire next month. Almost twice as many Americans have filed for unemployment than jobs gained during the last decade since the end of the Great Recession. Since 2010 we created about 22 million jobs. In the last 11 weeks, we lost 42 million. The monthly jobs numbers for May are expected to show we’ve reached 20% unemployment, and that’s falling particularly hard on minorities. Fewer than half of black adults are now employed, according to Labor Department data. Another 700 thousand (probably 1 Million) manufacturing jobs lost. That's what's going to hurt a lot. Each manufacturing jobs supports something like four service-level jobs. We have lost 380 jobs for every confirmed US death from COVID-19. So was it worth it? And we're not anywhere near done with the bloodletting. Almost 50 million people have been forcibly unemployed. Their jobs are GONE. Their lives are GONE. They're about to lose everything. Pillaging and plundering destroy our potential, and after days of this, the rioters may return home to the same. It is a lousy future. No businesses, no taxes and no soup for you because the trucks stopped delivering, Food will be scarce. Lines are down, so nobody knows where to find any. Starvation is on the horizon. The riots have killed what little hope of recovering quickly that may have existed. The riots are a watershed moment for many; few will be able to just go back to work and forget what happened/is happening. The producers in this system have been exposed to the true evil of the eaters. Their government failed/continues to fail to protect them. Why would any continue to participate at this point? We've seen the rubble and trash riot for the past week. That's bad enough. But sadly, we're approaching a time when decent, hard-working men who've had their lives financially and psychologically destroyed will start "going off." There's a horrible scenario waiting to be played out in America. All due to the greed of a corrupt and morally bankrupt elite. The world will become a very sterile and boring place. You take away the office space, restaurants, shopping malls, clubs, what do you have left? What kind of culture do you have? And all the people who used to work in these businesses, what are they to do! I find what's going on to be very disturbing and shortsighted, ultimately creating a very gray society with no community, a lot of loneliness, and a lot of poverty. This is how you collapse economic activity, send it into a death spiral. They put the riots and looting in the context of the George Floyd protests for a reason. The last thing they want the sheeple to know is that the civil unrest was due to financial and economic collapse. Bad news means more printing! This is definitely BULLISH for the "markets."Thank god we figured out the key to survival is having a fake stock market Ponzi; otherwise, all this bad news would be of some negative consequence. In other words, all we have is a fake “market” with insider traders. City of London Banks and hedge funds have been robbing people with this scheme for decades now. Let's not forget, the REAL LOOTING is happening in the markets right now. Even if the world doesn't dump the dollar, which it undoubtedly will, cancer that metastasizes out of obscene deficit spending and the inherent moral hazard, will eat a society away all by itself. It's on display for the whole world to see right now. The USA is eating itself alive. We are watching Rome burn in real-time. And guess what. The treasury has been looted just like it was in Rome. They will keep printing and printing until it all breaks. It's intentional! I suspect it's to break the system to start from scratch with digital currency and fascism. FED, Politburo, No discernable difference. The USA is a total command economy at this point. USSR 2.0 times 100 kicking off in the streets while "markets" move towards All-Time Highs. In other words, all we have is a fake “market” with insider traders. The City of London Banks and hedge funds have been robbing people with this scheme for decades now. The oligarchy has used it's control of the central bank to dump its stocks and get out. The last sucker is the dysfunctional government. The dollar's days are numbered. Printing toilet paper is no longer enough to paper over cancer, eating the USA alive. It's the cause of it. The world is going to finish the job here and put the USA in its rightful place in the gutter where it belongs. The days of the USA parasitizing off the rest of the world are rapidly approaching their end. A 10$, drug-addicted whore has more credibility than the USA at this point. Mainstream Media has become a fundamental threat to Democracy and is now the number one enemy of the American people. The 640,000 Iraqi boys and girls slaughtered by some of today's present-day cops never got one protest march. Cops kill over 1000 Americans each year. The Mainstream Media picks who gets the publicity. Civil Unrest will be exploited to bring in tyranny. Calling government intervention intended to stop lawlessness, violence, and destruction totalitarianism is an excuse for tyranny. Things continue to spiral out of control in the U.S. as the myth of policing fails, and anti-civilizational forces move into the power vacuum. Tyranny already exists in this banana republic. The Washington Regime and its secret police have been practicing tyranny for quite some time. When a state uses its state security apparatus to persecute and terrorize innocent American civilians, that is tyranny. When a state uses its state security apparatus to marginalize & neutralize innocent American civilians, that is tyranny. When a state uses its state security apparatus to rob and cheats innocent American civilians, that is tyranny. But, wait until you see martial law go into effect. All firearms will be outlawed and forcefully confiscated. Resistors can be executed for failing to produce a weapon that an FBI record states you legally purchased. If a firearm is discovered that your claim was lost, you may be executed. Troops can be quartered in your homes. You may be kicked out into the street, your daughters, wife, maybe raped. Curfews will be enforced by deadly assault. Anyone may be shot if seen out after a certain hour. The curfew hours are up to the commander of military forces. Freedom to travel will be curtailed, and tightly constricted. And last but not least, the Constitution of these United States will be suspended until Martial law is suspended. It’s beyond sad how much The Power That Be have succeeded in making us hate each other. And it’s a seething hatred. We’re headed for very dark times. How is it that the untimely death of one man could spark worldwide protests and riots, seemingly overnight? How is that any protests regarding the coronavirus lockdown are immediately suppressed, but the police look the other way when the BLM protestors take to the streets? Ordinary citizens are given fines for not properly “social distancing,” while thousands of protesters gather with no regard for social distancing. The police do nothing, and the protesters are encouraged by the Mainstream Media. You have to be deaf, dumb, and blind to believe this is not orchestrated. The question is, who is controlling this, and what is the objective! My theory is that the coronavirus panic is falling apart and the people that orchestrated it that needed a diversion. The objective seems to be to destroy all small business and their market share going to the big multinationals. WE ARE WITNESSING A VIOLENT COUP. IT HAS BEEN PLANNED AND CAREFULLY STAGED. The American people are being played. We US citizens are being set up for the epic collapse of our country. You can see all of the tumblers starting to line up. We are being lied to in every aspect of our lives to drive us insane. We are flying without a functioning dashboard, and we are going to smack into the side of a mountain at max speed. This is a repeat of the fall of the USSR. Peak corruption and lies. I have been tirelessly searching for a way out, but so far nothing. Any ideas out there? Television has conditioned us from birth. Few ever wake up from this programming. The mainstream media and 'Federal Reserve' are the same entity, right? They print the money and dominate the flow of information. They own the United States. They've carefully nurtured this atmosphere. Most Americans are trained like Pavlov's dogs. We cowardly feed the FED's IRS 26-50% of our hard-earned income each year, though there is no written law stating we must. The empire is rolling back, regardless of who is president. The "uni-power" period is over and was completely wasted. There is no agreement in the USA on the policy to deal with this reality. Some want to use the military and the policies of the last 30 years to extend the empire's life. That the US will 'win, any battles' is becoming less and less true every year. America has always relied heavily on its carrier fleet to project power across the globe. That fleet is now a sitting duck for modern missile technology wielded by states like Iran and Venezuela, and certainly Russia and China. The loss of just one carrier would be a huge, huge loss of face for the US. It is just a matter of time now that the US will be forced to accommodate a multi-polar world, like it or not. It’s the end of an empire. Nothing will change until The Fed, and its Monopoly money dies. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Americans are mind-controlled slaves in the service of their owners. Our culture, our inalienable rights, and freedoms are being attacked from every angle. We just went through a major compliance test and passed with flying colors: house arrest and masks, which are a symbol of fear, oppression, and silence if ever I saw one. We live in The Truman Show and - like Truman - most of us can't see it. If America continues to abandon the rights and freedom of the INDIVIDUAL, it won't matter what happens to the physical country or the government entity......America will already be gone. America is an idea, not a geographical location, not a landmass, not a group of people, not a central government, not a currency. America IS AN IDEA. America was founded on the principle that men were given unalienable rights by God that were not up for negotiations. Those rights include: 1. Freedom to worship as the individual sees fit, freedom to assemble, freedom of speech. 2. Freedom to bear arms and defend oneself against one's own government if necessary. 3. Freedom of privacy and to own property. That property ownership by the individual was sacred. 4. Freedom to travel without state restriction. 5. Freedom from illegal search or seizure; right to privacy. Regardless of what a majority says or thinks, regardless of what a judge says or thinks. Those rights are for the individual and cannot be taken away without a fight. Washington, DC, has largely become the worst offender of natural rights, free markets, and world peace. Each state has its now own constitution. No need to hang on to the federal one. The misguided belief that it can be redeemed is what holds us back from applying lessons learned to new ones. The USA needs to balkanize. It's the only way we will be free of DC, The Fed, and the Military-Industrial Complex. America, the US Corp (1871) is the problem. It'll be much better once we move to the Constitutional Republic. They ( US corporation ) is the District of Columbia - a city within A city within a state - this is the only thing They own - not Us or anything in the states - once they go bankrupt that is all they own - they do not own us or anything else - let them all sink to the bottom along with the all the federal reserve and then return to the US Republic - then start anew. We have always been slaves—exactly the same. Money is a grant on other's unwilling working time. When they create it to infinite, they are just empowering themselves with the right to ORDER WHATEVER FROM YOUR AD INFINITUM. It could be reasonable for a small period to fix the economy, but they are simply looting all they can right now. This is now TIME Slavery. Like in the middle ages or in the Pharaohs times but using subterfuges. With a small caveat. Your work won't be needed very soon with AI and Robotics, and your very life will be a cost on their spheric "Garden." THIS IS NOT YOUR WORLD. You are living in Enemy Territory. DEBT LAND. SLAVER LAND. Collaboration is against your own interest in infinite Slaver Printed Land. This is not about races, religions, or genders. It is about having a system that works for all or works AGAINST THE PEOPLE. This monetary system is OBSOLETE. It is a basic measure of the value assigned to the "holder" of a token granted by ANY MEANS. He manages to obtain it. It does not contain intrinsic value when the MEANS in which it is granted are meaningless. That is what is happening. We have to move to a system with a data structure that allows measurement of what is worthy and meaningful by its own properties and real "intrinsic value." KPIs (Key Point Indicators) of what is really needed. We have the technology to provide such data structures in a fair manner layering a proper foundation far from greed. We could remove prisoner dilemmas and create a win-win system instead of empowering zero-sum psychopaths that endanger the whole system. But will they allow it? America, the country was awesome. The empire is the problem. America, the empire, is a huge pox on humanity. The United States of America is a country. THE UNITED STATES is a corporation, which took over the country in 1871. Yes, it needs to fail. We need to get back to The United States of America and its constitution! America was doing fine until the Fed took over. End the Fed. 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