Central Banks Seigniorage Explained : The Profit of Creating Money

👉Central Banks Seigniorage Explained : The Profit of Creating Money All money is created as debt; more debt means more money. If everyone paid their debts, there would be zero dollars, well negative dollars actually after interests. As long as people buy into the fictional money, everyone is just transferring wealth to the banker's coffers. When things go really sour, revolts happen as the currency's true value is not merely nothing but negative. Money with nothing but debt backing it is a concept that enslaves all but those who lend it. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. "Paper is poverty. It is only the ghost of money, and not money itself...” "paper" is the usurers' tool for domination. It is the fount of all of their ill-gotten power. With these counterfeit notes, they slowly acquire not only the world's gold and silver supplies (real money) but also other assets such as real estate. This, from Article I - Section 8 of our Constitution: "The Congress shall have Power To lay and collect Taxes, Duties, Imposts, and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts, and Excises shall be uniform throughout the United States. To borrow Money on the credit of the United States. To regulate Commerce with foreign Nations, and among the several states, and with the Indian Tribes. To establish a uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States. To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures. To provide for the Punishment of counterfeiting the Securities and current Coin of the United States." It says nothing about Congress borrowing from a Private banking Institution AND, it stipulates that Congress has the duty to "Punish counterfeiting of the Securities and current Coin of the United States." I would say that rule applies to The Fed and all of its (((International Stock Holders))). Fractional reserve banking allows the wealthy to borrow money created out of thin air at zero or near-zero interest, then loan it to producers at high interest and then seize the assets of the producers when they can't pay up. Then the wealthy get to rent those assets back to the producers and extract the greatest percentage of profits from other people's labor for eternity. Fractional reserve banking not only enables the wealthy to own everything outright but does so without them having to break a sweat or risk anything tangible of their own. In the banking business, the private bankers become the owners of entire nations simply through bribing politicians and swindling the wealth of the People. For example, in 1914, the bankers promised that if we gave them the authority to loan us back our own money at interest, that they would make sure that there would never be any bank failures or inflations or depressions. After all, they assured us, politicians cannot be trusted with printing money, but only bankers who understand how to filch the smallest farthing should have such power. And so, the empty noggins on Capitol Hill believed that (((the world's greediest and most ruthless people))) could be entrusted with our wealth and gave to the bankers the Federal Reserve Banking Swindle, the world's biggest cash cow, for their very own. It took only fifteen years for the bankers to get all of the kinks ironed out and the Federal Reserve Banking System working smoothly. Then, once they were confident that all was in place, they and their relatives on Wall Street engineered the Stock Market Crash of 1929 and the Great Depression. During the Great Depression, as millions of people starved and were thrown into poverty, the bankers grew fat and were able to buy cheap factories and businesses so that (((their extended families))) could also make a lot of money once they had brought them all over as "oppressed immigrants" from Eastern Europe. Once the factories were safely in the hands of their relatives, the bankers put those factories to work, making their relatives rich with war material for World War Two. After all, nothing makes money for a banker better than a war. Unless, of course, it's two wars, or three or more than three. Korea, Vietnam, and the present, unending wars do nothing but make money. Yes, wars kill and maim millions of people and cause unimaginable suffering, but they are really wonderful money-makers for (((the bankers and their relatives))) in manufacturing and retail. Oy, such as profits, you wouldn't believe it! Such wars were never designed to be won and an end put to the alleged "causes" for such wars because wars that are never won must forever be fought. And unending wars create unending profits for those greedy and ruthless monsters on Wall Street and the bloated creatures counting their profits in the banks." Yet the dangers of centralized banking are not new knowledge. For centuries, people — including many of our founding fathers — have tried to warn us of the numerous threats posed by institutions like the Federal Reserve. Today, it’s understood by many that the recklessness of the Fed allowed for the subprime mortgages that caused the Great Recession of 2008. With over $26 trillion in debt, $200 trillion in unfunded liabilities, and, soon, an all-time high debt-to-GDP ratio (comparable to World War II levels), however, it’s not overstating it to say that the Fed-facilitated out-of-control federal government spending constitutes the greatest threat to the American way of life in history. To understand the full extent of the debt and the destruction of the dollar, it’s essential to realize that paper money has a history of being printed as bills of credit to finance runaway government. In 1775, the founders attempted to use paper money without gold or silver backing, and they found that the inflation robbed them of any value. In 1788, Thomas Jefferson wrote: Paper is poverty. It is only the ghost of money and not money itself.” “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.” Money is totally an abstraction. Use gold, wheat, silver, uranium, paper, or accounting entries in a ledger. It does not matter. The problem is control of issuance and the purposes for that issuance. Governments have a long history of abusing money to fund their schemes, but that is not a problem of money. It is a problem of integrity in government. Without integrity in money, a return to the gold standard will mean nothing. Efforts will begin immediately to weaken the currency. Gold is restrictive only because it is costly to print. Printing gold means mining gold, of course. One would, therefore, expect agitation to print gold certificates soon so that gold can indeed be printed. We then are off on the road to fiat currency again. Why bother. We would be better off to change monetary policy and stop worrying about gold. Fix monetary policy, and we will not have trouble over gold. An expanding economy will need an expanding money supply in any case. It is more efficient to print it or just write it up on a ledger. Gold is expensive. Our most pressing problem is cheats and thieves are controlling the banking industry. Until that is fixed, there is no hope. But there is also no hope if traditional banking returns to treat the integrity of money as amounting to no more than the maintenance of a store of value. Those who love gold only mean to sit on their pile of money and strangle trade. It is a classic problem reaction to which has brought us to the current free-spending world we now enjoy and will again. The exchange of currency for goods is the reciprocal of the store of the value function. Value money as a store of value too much, and you will strangle trade. Until this is thoroughly understood, the effort to restore a gold standard will only bring a new hatred of banking as many will see money as too dear and act to cheapen it. Central banks earn seigniorage from the difference between the “printing” costs of the legal tender (monetary base) and its nominal value. In a simplified balance sheet of a central bank, money is visible in the liabilities-side, which also holds the government’s bank account (domestic liabilities) and the reserves of commercial banks and net worth. Net worth includes the capital of the central bank and valuation adjustments for changes in the foreign-exchange rate and investments. A central bank’s assets include securities, foreign-exchange reserves (net foreign assets), and loans (to commercial banks). Thus, when a central bank buys assets, such as government bonds, it simply either creates money directly or debits the reserves of commercial banks to maintain balance. In the programs of quantitative easing “QE,” the latter option has been used. The central bank earns income in the form of interest from these holdings. If the liabilities contain required reserves and currency, the central bank has “zero-cost” financing. If the liabilities contain excess reserves and or domestic liabilities, the central bank will need to pay interest. The Federal Reserve Bank a privately owned bank that employs economist that gives them the appearance of a "central bank" is not going to survive. What they did in all reality is transfer what is their "deflation," which upon transfer "inflates" to the non-major central banks, which in turn is what produces the type seigniorage the majors are looking for. This is via (not care of) the IOU known as the Federal Reserve Note. This via mechanism is how, THE TREASURY passes on its inflation to the rest of the world. That's only one way. Species' payments did not exactly go away as all think. Goes to decimal fractions is your only clue. The major central banks transferred and/or traded their liquidity, which is not to be confused with assets (per se) to the non-majors. This statement forms the impetus of something I have been saying for years. Government Debt is the new Subprime. This statement thus builds on something I have been saying for years also. The Founders Warned Us About Central Banking. The Central banks are a problem in themselves, but letting the cabal run them is insane. People tend to forget that central banks, compared to the economy, are a fairly new invention. They assumed their current role as setters of interest rates only in the 1920s and became the guardians of inflation in the 1980s. In the 2010s, they became the unwitting destroyers of the pricing mechanism in the capital markets. Their evolutionary path seems clear, and it is very detrimental to the overall economy. In the case of a recession, their only remaining (effective) stimulus option is some form of debt monetization, á la “Modern Monetary Theory.” If enacted, this will signal the end of the monetary system as we know it, but also ensure the end of central bank hegemony because of the inflationary crisis which will ensue. That’s why we should not be surprised if central banks are not around after the coming crisis has passed. Their pernicious asset buying-programs and negative rates have left them vulnerable politically to any larger shock, such as a crash in the asset markets or a global recession. Venturing into debt monetization would seal their fate. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. So the moral of the story. When we can predict the knee jerk reactions of central bankers and the politicians that they serve, we'll be able to better predict recessions because we'll be able to better predict when the QE and interest rate suppression will cease. In either case, a political reckoning for years of reckless central bank policy is fast approaching, and they may not survive what is about to hit. Their death will bring back honest money and the value of real labor. For over 2000 years. where would we be as a civilization if we didn't have this parasite. Time to execute the Creature from Jekyll Island. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉What's Coming is Economic Collapse and Financial Bankers Dictatorship !!

👉What's Coming is Economic Collapse and Financial Bankers Dictatorship !!





We are in the midst of a forced national religion. It is banks and bankers for all. It will kill us all if we let it. It's all about the Federal Reserve SYSTEM. A system designed to separate American citizens from a percentage of their earned money over time, every year, and give it to the currency issuer. Your average thief, including banks, and foreign-owned US politicians, will steal more and more from you until you force them to stop. These thieves will never voluntarily stop stealing. Unless you choose to stop them, they will take everything. And in fact not only have they taken absolutely everything they have been borrowing in your name and stealing that too. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The goal of the 1% is to hoard all currencies out of circulation for the amusement of watching us panic & blame ourselves & each other for not being able to make ends meet. Hoarding currencies out of circulation is an intentional crime against humanity! Currencies are trading in a false paradigm. It is the coordinated collusion of the major central banks that have allowed this charade to exist. It is essential to understand that wealth is contained within a rather closed system. A system of fiat money by-laws and rules that discourage freedom of movement into tangible assets. This has sheltered currencies from a storm of volatility. With hundreds of trillions in debt. Nobody knows when, but it will happen. 2020 is shaping up to be turbulent. The failure or significant repricing of any of the world's four major reserve currencies will destroy the myth that major currencies are immune to the same fate that has haunted so many currencies throughout history. Simply put, when the nations granting them have proven unable to control their budgets, their currency is crushed under the weight of debt. First, let me tell you why we are headed for one. This will sound very counterintuitive, but it all comes to the record-low unemployment we had last year. Unemployment was at the lowest level in 50 years. That meant most people who wanted to work could find a job. It also meant people were making more money and were buying more stuff. All good. More people working is always positive. But a low unemployment rate is a double-edged sword. See, the unemployment rate is cyclical. It's always moving up or down. And at this point—3.6%—there was almost no room for it to drop more. That's where the trouble started: When the unemployment rate bottoms out like it did last year, it meant the economy has peaked. And a recession is coming. We've Been Here Before. Notice that every time the unemployment rate hits a low, a recession soon follows: It doesn't come immediately, though. Over the past 70 years, a recession has started an average of five months after the unemployment rate bottomed. Also, remember that the unemployment rate lags behind the actual economy. So it won't start rising until the US has already fallen into a recession—something I've been telling my viewers to expect. Today, in fact, more than 54 million Americans have filed for unemployment, and this is just starting. More Signs Flashing Red. A bottoming unemployment rate isn't the only sign that the economy has peaked. For weeks, I've been telling you that the yield curve inversion is signaling a recession ahead. Like the unemployment rate bottoming, the inverted yield curve has preceded every single recession over the past 50 years. Keep in mind, neither of these indicators means a recession is imminent. And they don't tell us how severe the recession will be. But it's certainly coming. So is the market downturn. Remember, we're at the tail-end of the longest bull market in history. So a significant pullback is not out of the question. And, since stocks fall an average of 32% in a bear market, you want to start preparing your portfolio now. That means adding recession-proof stocks and other assets that will rise when the broader stock market falls. Policymakers do not know how banks work and couldn't see the problems. Our knowledge of privately created money has been going backward since 1856. Credit creation theory leads to fractional reserve theory, which at its turn, leads to financial intermediation theory. A lost century in economics: Three theories of banking and the conclusive evidence. Financial stability is much easier than our central bankers make it look when you understand the monetary system. Policymakers have been kept in the dark as well. Milton Freidman's monetarism didn't work as he used fractional reserve theory. Ben Bernanke couldn't understand the debt deflation of the Great Depression as he used "financial intermediation theory." The central banks started revealing the truth in 2014, beginning with the Bank of England. It was about 35 years too late for the neoliberal, globalization project and now it's all falling apart as it seems. "Debt doesn't matter." Where did that come from? You need to think of the banks as financial intermediaries like Ben Bernanke. Ben Bernanke is famous for his study of the Great Depression, and he discussed it in a Wall Street Journal article. "Theoretically, neither deflation nor inflation ought to affect long-run growth or employment. After a while, people and businesses get used to changing prices. If prices fall, eventually, so will wage, and the impact on profits, employment, and purchasing power will be neutral. Borrowers suffer during deflation because their debts are fixed in value, but creditors benefit because the dollars they get back will buy more. For the economy as a whole, deflation ought to be a wash." What has Ben Bernanke got wrong? He thinks banks are financial intermediaries. This is where the "debt doesn't matter" nonsense comes from. The belief that banks are financial intermediaries. Debt indeed matters a lot. Banking should be so easy. Bankers get to create money out of nothing, through bank loans and get to charge interest on it. What could possibly go wrong? Bankers do need to ensure the vast majority of that money gets paid back, and this is where they keep falling flat on their faces. Banking requires prudent lending. If someone can't repay a loan, they need to repossess that asset and sell it to recoup that money. If they use bank loans to inflate asset prices, they get into a world of trouble when those asset prices collapse. "It's nearly $14 trillion pyramids of super leveraged toxic assets was built on the back of $1.4 trillion of US sub-prime loans, and dispersed throughout the world" All the Presidents Bankers. When this little lot lost almost all its value overnight, the Western banking system became insolvent. Wall Street can turn a typical asset price bubble into something that will take out the global economy using leverage. What did Glass-Steagall actually do? Glass-Steagall separated the money creation side of banking from the investment side of banking. It also stopped the money creation side of banking from trading in securities. Without Glass-Steagall, the bankers could create money to buy securities they produced themselves in a Ponzi scheme. This is what they did in 1929 and 2008. "It's nearly $14 trillion pyramids of super leveraged toxic assets was built on the back of $1.4 trillion of US sub-prime loans, and dispersed throughout the world" All the Presidents Bankers. 1929 and 2008 look so similar because they are. Most of the toxic assets were on the books of the banks, and they were borrowing money from each other to buy them with money they created out of nothing. They then just had to keep transferring these assets between each other to inflate their value, with money they created out of nothing from bank loans. This is why the debt-to-GDP ratio spikes like that. When they allowed Banks to incorporate with NO PERSONAL liability and a Federal Reserve whose only mission is self-enrichment. All hope was lost! All Megabanks should be broken up! The banks, the government, and academia; this is the system; The Deep State; and all of it is corrupt. If one goes down, they all go down. So they each will do whatever's necessary to prevent that from happening. Likely at the expense of those that work for paychecks. The banks know that economic collapse is inevitable. So does the U.S. Military. So do all the agencies. So do all the oil company CEOs and probably every mid-level manager on up that work for oil companies. So do most if not all of the international mega-corporations. So do most, if not all, politicians. The job of all these companies, agencies, and people is to keep the ILLUSION OF ALL IS WELL viable up until a certain point in time, after which it won't matter anymore. That means doing "whatever it takes" to keep the markets pumped up and banks from crashing, even it means destroying the entire financial system in the process. But what the heck, the entire financial system is going to collapse anyway, so might as well do whatever it takes. I seriously doubt that banks and cash-heavy investors will be picking up assets for "pennies on the dollar" after the economy collapses. for one because I doubt that dollars will be good for anything, but wipe after the collapse. And for two because there won't be a legal enforcement regime in place to protect those assets from the raging mobs in a post-collapse economy. In a post-collapse scenario, possession of an asset will determine ownership, most likely, along with the ability/means to enforce one's possession. This system was put in place to whore out all of society. Don't be a whore. Stop doing the stupid for money. Do the right things, even if they don't pay a dime. It doesn't matter what bankster pricks want when the fed prints the currency into worthlessness, and nobody wants dollars any longer then this show will finally be over. A return to the gold standard will be a good start in picking up the pieces after those pricks Ponzi scheme is finished. The bankers want to run a slave planet. And they put the cheapest whores they could find in place to enforce it. The stall and barter is probably the only way the bankers and their whores can be stopped. The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent financial rewards in the business world." When there is no law, possession is 100% of the law. Don't leave any money in banks. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy, friends!




























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

👉US Budget Deficit Soars to Record High, Worse than During WW2

👉US Budget Deficit Soars to Record High, Worse than During WW2






US Budget Deficit Soars to Record High, Worse than During WW2 The U.S. is on track to register a record $3.7 trillion deficit in fiscal 2020 owing to an unprecedented effort to prop up the economy. For all of last year, the budget gap totaled almost $1 trillion. The last time the U.S. ran such huge deficits — measured as a percentage of the economy — was during World War II. $3.7 Trillion deficit!!!!! We need to remember this deficit was accumulated while the economy is relatively strong. Hell, that's just the tip of the iceberg; but don't worry, we have Capt. Daffy Donald at the helm, a proud graduate of the Captain Joseph Hazelwood School of Navigation. Capt. Donald's doin' what he does best-run a business into the ground, the U.S. economy being The Mutha of All Bankruptcies. This was a well-known fact the minute Trump, Powell, and the rest of the mobsters announced the multi-trillion dollar money print. Well, what can you expect from a guy that's declared bankruptcy six times?? Couldn't even run a casino profitably. Trump inherited a (relatively) low deficit from Obama. Every single year, the Federal deficit grew under Trump to nearly $1 trillion last year. It was expected to be above $1 trillion this year, even without coronavirus. With the virus, it may very well wind up being over $4 trillion. So much for the "party of fiscal responsibility." Trump is on track to add more to the national debt in 4 years than Obama did in 8 years. Make America Broke Again. The US is borrowing money from the future to solve the current pain. Our son and grandson will feel the pain. We knew this was coming, and there will be more of it. When you give huge tax cuts and print more and more money, this scenario, even before the pandemic, brought to bear that supply-side economics still doesn't work. We have already crossed the default line in the 2008 crisis. Anybody who thinks any party has a remedy is fooling himself. And the market is still living a bubble dream, each week more highs. Anyone with a brain knew this would happen, but I doubt the market will open the eyes to the messy reality. Let’s face it; Americans have never cared about debt and never will. The Continental Congress was bankrupt (remember the term “not worth a Continental” to describe their currency). Then the original United States was hopelessly broke but was saved by Alexander Hamilton selling off the western lands to European investors in return for bond money. Since then, we’ve lurched from one debt-fueled financial panic to another. The U.S. essentially declared bankruptcy when Roosevelt seized all the gold in the 1930s and again in 1972 when Nixon abandoned the gold standard. Credit injected consumer capitalism fuels our whole economy. Donald Trump is the perfect president for a society that thinks that savers are suckers, and credit is what lets you move up in the world. Money is meaningless. Governments can poof trillions of dollars into existence while the working man struggles just to survive, all because money has become imaginary. The dollar is worth whatever they say it is. It is valuable because people tell us it is aside from that. It is just cotton fibers with faces on it. It seems that Fed debt doesn't matter too much as long as it is the US Fed, and the dollar remains the world's reserve currency. How much longer is the case that concerns me. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The Congressional Budget Office says the U.S. deficit is reaching its highest levels since the end of World War 2 when considered as a share of the total economy. In the next decade, it's projected to grow by $800 billion more than originally expected, due to spending, tax cuts, and slower economic growth. Even as the president is weighing what he would try doing if the U.S. economy slows down, there are stunning new figures about how the federal deficit is growing worse than projected. The news came yesterday from the nonpartisan Congressional Budget Office. In fact, as a share of the total economy, the deficit is now reaching its highest levels since the end of World War 2. Let's take a closer look at what is behind the jump and how the debt could limit some of the choices in the event of a future downturn. The deficit is now expected to close in on 4 trillion dollars this year and then stay over $4 trillion every year on the horizon.Due to recent changes in policy and the economy, deficits over the next decade will be $3 trillion higher than it projected just a few months ago. Those changes include a trio of debt-pushers. The bipartisan budget deal is raising spending, the Republican tax cuts are lowering revenue, and the economy overall is slowing down. I want to depict to people the long-term issue here. Let's look at what the deficits are projected to be now for the next few years. Look at that, $4 trillion in 2020, $4.2 trillion in 2023, $4.3 trillion in 2025, as far as the eye can see, $4 trillion and above deficits for the next decade. And let's look at how this relates to GDP and the curve historically. The high peak there was during World War 2. And we now see that we are on a path to near those levels that we were hitting in World War 2. This level of debt is unsustainable. But what does that really mean to the average American? What will happen if we do keep on this trajectory? And the trajectory is a stunning one. The chart shows because the fact that we are at the debt levels that are highest they have ever been relative to the economy, other than just after World War 2, without having fought in a war, a world war, sort of shows you that this is a very different situation. This is self-imposed by a lot of policy choices. The reason this matter to American families is a number of issues. First, it can have negative effects on the economy. It slows economic growth at a very time when we should be thinking about how we are going to grow the economy, both immediately, but also in the long-term because we have a lot of challenges based on aging. Secondly, it affects your overall budget. If you're spending money on interest payments, you're not spending that on important public policies. And we do have interest payments that, despite very low rates, because we have so much debt, are going to keep growing as the size of the budget. I think really on people's minds right now, though, is the fact that if and when you have a recession, you want to use borrowing to fight that recession. That's what fiscal stimulus is. And yet, when we enter the next recession, our debt relative to the economy will be twice as high as when the recession of 2008 hit. That means both monetary policy and fiscal policy; those toolboxes are somewhat depleted, which means fighting the next recession will be much more challenging. And the Congressional Budget Office looked at some of the headline policies that we have been talking about lately, including the Republican tax cut. And, briefly, they didn't change their forecasts that they don't believe those tax cuts will pay for themselves. But they also found that last year, corporate tax revenues were actually lower than they expected. Now, they said it's too soon to conclude if that is directly related to the tax cuts or not. But how big of a deal those tax cuts are in terms of the budget and economy in the future? It's a huge deal for a number of reasons. First, when we did tax reform, which was absolutely necessary, we should have done it in a way that did not add to the debt, either by getting rid of a lot of tax breaks, raising other revenue, cutting spending, but we should have done revenue-neutral tax reform. The fact that we didn't mean it will have less of a positive effect on the economy. I think we already see that. It also kind of poisoned the political waters. And it makes it more difficult for us to move forward on doing what we need to do to actually fix the debt. But people who were saying at the time, oh, these tax cuts will pay for themselves, that was always a fairy tale. It is still a fairy tale. And you add to that these spending increases. This is an era of just charging everything on the credit card, and it is going to make the economic challenges of the future ever so much more difficult. Another policy that the Congressional Budget Office looked at is trade policy and current tariffs. And they also found interesting things there. Among their findings, they found that the tariffs would have — impact the economy, bring down GDP slightly, about 0.3 percent, but also have a bigger impact on imports. The biggest industries affected would be agriculture and farming. So not too many surprising — surprises there. But, my bigger question overall is, this seems like an issue, where we know it looks like there is a large problem ahead. It could be avoided if we take action now. why is it that lawmakers in Washington are not having a serious debate about what to do over our fiscal health? I do think that is the perfect thing to liken it to.It's an issue where there's no action-forcing moment. People are doing their best — some people are doing their best, I should say, to pretend that it's not really a problem. And you hear that more and more, don't worry about the deficit, interest rates are low, we should borrow so much. This, of course, is a very dangerous path to be taken on. But I think it boils down in many ways right now to; nobody is willing to make hard policy choices. And fixing the federal deficit requires increases in revenues and controlling spending. There's no way around it. But in this highly partisan time, where the parties are fighting against each other, they would rather give things away than kind of level with the American people about what we need to do to budget responsibly. And this bodes so poorly for the future, both if and when we're hit by a recession, but longer-term issues, everything from the changes in technology and the workforce, the need to update our social contract, aging of the population. These are the issues we should be talking about in the budget. But, instead, I feel like we have got a competition of kind of false promises and giveaways between our politicians these days. We will keep looking at this. Obviously, this will affect many generations. This was The Atlantis Report. Please Like. Share. Subscribe. 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!













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

















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

US Dollar is about to Collapse bring with it The Whole American Economy !!

US Dollar is about to Collapse bring with it The Whole American Economy !!





GDP collapsing, debt spiraling, interest at zero, the virus still making amok. The USA, the land of the permanent debt slaves, kept hooked on the federal reserves printing notes out of thin air. The US dollar’s status as the dominant global currency is at risk of being eroded because of mounting government debt. With the US Federal Reserve continuing its aggressive monetary policy of quantitative easing, there is a rising risk of a sudden loss of confidence in the dollar. The concern isn’t whether the US dollar will see an accumulated decline of 30 percent in the future, but whether there will be a blow-up event that causes a sudden loss of confidence in the US dollar, and its market to collapse. The price of gold and silver are telling us essentially the same thing. The US dollar is at risk of collapse. We've seen it with the amount of money being printed by the Fed. It will only be a matter of time until that catches up with them. What has saved their bacon has been that they've been the reserve currency. If either of them changes, the US dollar will tank. As the tide keeps going out, you see no inflation but be prepared for what is coming next; a Tsunami of inflation. It is simple maths that dictate the US dollar is toast. Or just let inflation ravage the entire economy and wipe out a generation of Americans. This is exactly what will happen with the coming 'Great Stagflation.' All debts and obligations will be fulfilled. To do otherwise would be political suicide. Your pension, your bonds, your fiat IOUs will be settled nominally, but the paper you receive will be hugely debased. As a middle-class German said of his pension after the Weimar inflation: it now buys me two cups of coffee! The FED will choose rip-roaring inflation. The fed assumes that they can create trillions of dollars out of NOTHING and that the created currency will retain its value. Of course, it can't! Add to the number of US dollars we think are in circulation, the tens of trillions of dollars created in secret, and it's easy to see what the result will be. When the Inflation kicks in, and you can't print your way out of a crisis that will hurt. Coronavirus just accelerated the process of the dollar’s fall, and there’s nothing that the Federal Reserve could do right now to preserve the dollar from falling. 1971 was the abandonment of the gold standard, the one that mattered the most. So the debt has been building exponentially ever since the dollar was untethered from gold. There will be an end, and it appears it be rapidly approaching. Today the US National Debt is $26 trillion and growing. With the stroke of a pen, you could eliminate the debt and the interest, sure. But you cant eliminate the consequences of eliminating the debt and interest. Pensions, individuals, banks, and countries all over the world hold that debt. Sure they could say "the debt is now eliminated," but all the wealth that the debt represents goes with it, and that will cause MAJOR world economic pain. Printing more dollars is an experiment, like giving endless blood to a patient that they cannot stop bleeding. It has to end sometime or when the patient dies. The current US economy is that patent, and it is well on its way to the grave. The gold price is telling us in spades what is happening to the US dollar. Today, you need a heck of a lot more dollars to buy the same one-ounce piece of gold from a few years ago. Prepare for the Great Reset and new global pecking order. The sooner our establishments accept the reality, the sooner we can rebuild our economies to serve all the people with the fair reward for real entrepreneurs, honest work, and thrift. GDP collapsing, debt spiraling, interest at zero, the virus still making amok,....what else are you expecting? The USA needs to borrow money and should have to be attractive. If the dollar is still declining, the Fed should have to increase the rates, and that will be catastrophic. Rates will rise as the US needs to borrow at an ever-increasing rate. That when productive farmland goes through the roof, along with metals. The buybacks will be a dirty word, causing a massive noise around boing boing and others. “We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. Government institutions. They are not government institutions. They are private credit monopolies, domestic swindlers, rich and predatory money lenders that prey upon the people of the United States for the benefit of themselves and their foreign customers. The Federal Reserve Banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board.” — Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932. When the Fed embarks on a new round of low rates and stimulus like it has recently, gold and silver are generally the first to shoot out of the gate. This is because low rates and stimulus apply downward pressure on the US Dollar, lifting commodities priced in US dollars. The Federal Reserve needs to be renamed as Paper Reserve. Money can be printed, but wealth cannot. If the US is going to try to support its economy by debt, It would be better if Congress resumed the printing it gave to the Fed in 1913 and cut what little interest the Fed makes doing so. The Fed could raise it anytime. The US time on top is over. The US is a waning power that is trying to fight against a wave of change that is too powerful to overcome. It is high time that the US has a sit-down with other major powers, and a new way forward is agreed upon where the US will have to take a more subordinate role or sink. No one stays on top forever. The three trillion fresh debt given to those too big to fall did not create any jobs, and now you are unemployed!!! Too bad the bank kicked the 40 million jobless Americans out of their own home on to the sidewalk. It all is running smoothly and according to the plan. The Banksters are plundering the American people, again, for no work, no mortgage payments possible, house back to the Banksters, the Banksters laughing IN their banks, they are now collecting houses due to no paid mortgages. Good plan. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. It astounds me that some people think a country can create out of NOTHING trillions of new units of currency, and that currency will retain its value. Of course, it can't! Add to the number of US dollars we think are in circulation, the tens of trillions of dollars created in secret, and it's easy to see what the result will be. The Dollar crash is already on. Look at Gold prices. You will get a flavor of it. The only thing supporting the US financial system is stock markets due to massive QE, aka fraud. But Yesterday’s sinking GDP showed fundamentals are weak despite record stock markets, and this is a recipe for disaster of epic proportion. It is beyond unfortunate that the rest of the World has to suffer along with Americans when it crashes since the World has already been paying for over 60 years to maintain Americans' lifestyle and absorb inflation for them! The US Dollar is a scam. It's worthless cotton-paper printed by The Fed, a private company, loaned to the US government with interest that can never be paid back, forced on the rest of the world as "reserve currency" by the criminal US military. They take all your oil, cars, food, minerals, etc. and give you worthless paper in return. If you take your $1000 back to the Fed and ask them to give you something else (such as gold) in its place, they will tell you to turn around and get lost. It has no intrinsic value whatsoever. None. The day the world stops using it as forex, the US is over. Just go back to the beginning and ask yourself what is fiat currency, and how did it come into existence? In fact, never before in history has there been this many slaves. The dollar is just another weapon for them. They have 2000 years of usury and slavery money tied into ALL forms of currency. The entire house of cards economy that has been erected over the years, and the Federal Reserve has been the architect of this house of cards economy, is rested on the foundation of the dollar’s reserve currency status. If the dollar loses that status, then the foundation crumbles, and the whole house of cards topples. The recent sellout of US external debts and pulling out the gold from the US are very clear indicators. That coupled with countries trying to trade with each other using a currency besides the US dollar. It is clear to the world that the FED cannot keep printing out dollars without any backing. For many years, countries have to bear this nonsense while the FED keeps printing money, in fact, taking on the US's debt. Time has come that the world has to say enough is enough, and cannot partake this US debt as most countries in the world are also in financial crisis due to the pandemic. It's about time to replace the US dollar. The dollar crash is already happening. It’s not about the surge of Gold prices, but countries like China, Iran are trading with local currencies. Russia is too abandoning US Dollar as no point holding a paper that is worth nothing. The country with the largest proven oil reserves, Venezuela, Iran, Russia, and many African countries have already stopped trading their resources for useless Dollars. Many countries have dumped the dollar already. And these countries are the biggest resources exporting countries and the world's biggest manufacturing nation. China not willing to pay Dollars to buy oil or gas anymore. The reason China has replaced Saudi Arabia with Russia as its biggest oil supplier and is investing 500 billion in Iran. China is also investing heavily in Venezuela and in Africa. All these countries have dropped the dollar from their bilateral trade with China. Saudi Arabia is rapidly losing its importance and will have to choose whether to continue selling its oil for Dollars or drink all of it themselves. The dollar will be the new toilet paper, once the banks release there load into the world. This was The Atlantis Report. Please Like. Share. Subscribe. 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 US GDP drops by a Third, The biggest GDP contraction since the Great Depression !!!

The US GDP drops by a Third, The biggest GDP contraction since the Great Depression !!!







US Q2 GDP Crashes By A Record 32.9%, Worse Than Great Depression. The coronavirus pandemic triggered the sharpest economic contraction in modern American history, the Commerce Department reported yesterday. Gross domestic product — the broadest measure of economic activity — shrank at an annual rate of 32.9% in the second quarter as restaurants and retailers closed their doors in a desperate effort to slow the spread of the virus, which has killed more than 150,000 people in the US. This is about $1.75 trillion of lost econ activity. This is on top of $2 trillion Cares act spending. Admittedly 100% if funds were not distributed in q2. The quartering is just how much the Cares Act was in GDP number. Obviously, if all $2 trillion was in q2, then GDP would have been down 3.75 trillion or about 75%! So, GDP plunged by 33%, and billionaires are up 33%. What a world we live in! The economic shock in April, May, and June was more than three times as sharp as the previous record — 10% in 1958 — and nearly four times the worst quarter during the Great Recession. The second-quarter decrease in real GDP reflected decreases in consumer spending, exports, inventory investment, business investment, and housing investment that were partially offset by an increase in government spending. Imports, a subtraction in the calculation of GDP, decreased. That said, the biggest contributor to the overall GDP drop was the crash in consumption - the decrease in consumer spending reflected decreases in services (led by health care) and goods (led by clothing and footwear). Personal Consumption accounted for the bulk, or -25.05%, of the overall -32.9% GDP drop, and five times more than the -4.75% Q1 GDP drop. Business and personal investments plummeted, with a staggering 43.5% annualized rate decrease, or a 10.9% decrease from last quarter, on non-defense federal spending softening the blow of the shutdown. (Whereas decreased demand for goods only contributed to 2% of our GDP contraction, service consumption contributed to nearly a quarter, a plurality coming from the shutdown of the healthcare industry.) Predictably, the nation suffered its first quarter of deflation since 2009, with our PCE price index falling by 1.9%. The flip side to our deflation? Nominal losses are actually slightly worse than our real GDP contraction. So, we are in a depression now. A 10% decline of GDP in a single quarter defines an economic depression. And the Markets will rise because “we beat the expectations.” The biggest GDP contraction since the Great Depression - and it is like it never even happened - in a little over 4 hours. All bad news is Priced in, always. New All-time highs here we come. Who needs GDP when we have central banks? US stock prices are rigged by Fed computers. How else can you explain new all-time highs For stocks in the middle of a Depression. The Fed 500 is only down a few percentage points during this economic meltdown. It’s funny how seriously people take a market that is so blatantly staged. It’s like thinking a reality tv show is real. Caracas stocks up 300% this year. It is indeed where we may be headed. Of course, not as high as our currency will still be considered safer. But in the early stages of devaluation, it’s easy to confuse stock market gains meaning economic growth, when really it’s just devaluation. Of course, the issue is that there aren’t many better countries to run better. So we’ll be able to continue charade longer. Crashing the economy worked wonders for the market in Venezuela. If you like eating cats and having large returns, it is the place to be. And everybody over there is a millionaire. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. How many sectors would be dead without government intervention via bailouts? We've skipped the hundreds of billions, and gone straight to trillions. We've broken every tenet of Keynesian economic doctrine, by bailing out bankrupt, and non-viable businesses by money printing. It's over. The US economy is all but dead, and what comes next won't be pretty. And the looming evictions may soon make 28 million homeless. By comparison, 10 million people lost their homes in the Great Recession. This is what you get when every single Mayor and Governor across the Country shuts their state down, WHY IS THIS SHOCKING? AND WHAT DID we EXPECT? The response to Covid-19 has been more lethal and will continue to be more lethal than the disease. The body's response is what kills. Almost like it was planned to demolish the economy so effectively. In the Great Depression, politicians didn’t have Goldman Sachs showing up for lunch, to sell them on the idea that the taxpayer is totally irrelevant. “You can pay for anything, anytime, in any amount,” the sales pitch goes. The idiots believe it. That is the real pandemic: stupidity. We are witnessing in the United States one of the greatest failures of basic governance and leadership in modern times. Pretty pathetic that our government hands out free money to anything that moves, and GDP still crashes this much. Look at the FED balance sheet that didn't start three years ago. It was 2008........they are just kicking the can now. Remember when news like this would have crashed markets? But now it’s simply just another day on Wall Street. What would we do without Central Banks? The dollar is dead, and the world knows it. There is nowhere else to hide the mountains of dirt under the faux economy rug. Who would have ever thought that government mandating businesses shut their doors and stop all economic activity by telling people to stay home would cause GDP to go negative?? Maybe next, they'll show us a new study proving that water is in fact wet. For all that money the Fed was about to print, you needed an economic shutdown. The Corona was the excuse. I would say this has been the biggest crime portrayed in history. Things would have been much, much, much worse if it wasn't for all that free money from the federal reserve. Bringing the stock market back up when it was taking a dive greatly contributed to the wealth effect. If the stock market was allowed to collapse, that wealth effect would have instead become the poverty effect, and spending would have slowed dramatically. And the stimulus checks, and the $600 extra per week in people's unemployment benefits, which also came from free money from the federal reserve, helped the GDP numbers greatly. And that isn't even including all the other stimuli such as the payroll protection scam, I mean plan, the fed buying up all bad debt, etc. etc. So if it wasn't for free money from the federal reserve, the GDP would have tanked by at least 50% easily. So the Fed did a good job. A good job at duping people. Money is losing its value; debt is climbing, jobs are dwindling, the US will cease to function long before it can impose its will on the world. The world knows this fact very well and is just stringing along with the giant while it dies. And The one thing that Trump is going to accomplish—as he desperately struggles for re-election—is he’s going to finally rip off the Band-Aid. We’re going to have a real debate about this awful curse of Keynesian central banking. Trump hasn't taken on the Central Bank, and his issues with the Fed are for his own political ends. The belief Trump has gone after the FED, because of Keynesian central banking is blatantly absurd. At best, the above has happened due to the law of unintended consequences. Trump isn't trying to rip apart the Fed. He's trying to force their hand to allow for negative rates. You are seeing the true masters of the country. And it is not the populace. Every dollar printed is an obligation on our backs. People need to wake up and think about that and stop viewing their country from a perspective of blue versus red. They both are plotting our downfall. Until that happens, there is no reason for hope. That's just the way it is. The cockroaches of the FED never die; they keep feasting off the host and allow it to live long enough to generate more capital for the parasites to waste. Most of the money in the US is created by banks when they make loans. The only way to get extra money into the economy is to borrow it from banks, leaving us all trapped under a mountain of personal debt and mortgages. When you take out a loan, new money is created. As people borrow more, more new money comes into the economy. All the extra spending this newly created money funds gives people the impression the economy is doing well, which encourages them to borrow even more. As the debt goes up, so does the amount of money. FOR EVERY dollar OF MONEY, THERE’S a dollar OF DEBT. Because banks create money when people borrow, for every dollar of money in the economy, there will be a dollar of debt. If there’s $100 in your bank account, someone else must be $100 in debt. Across the whole economy, there will be as much debt as money. IF WE WANT MORE MONEY IN THE ECONOMY, WE HAVE TO GO FURTHER INTO DEBT. If we need to get more money into the economy – for example, during this depression – then we have to go further into debt to the banks. This is why the government is desperate to get banks lending again: if banks start lending more, they’ll create more new money in the process, and the people who borrowed will spend this new money. But if the financial crisis was caused by people having too much debt, how can the solution be for people to take on more debt? IF WE TRY TO PAY OFF DEBT, THEN MONEY DISAPPEARS. When you pay down your debts, the money that leaves your bank account doesn’t go to anyone else – it just disappears. This is because loan repayments are just the opposite process to money creation: banks create money when they make new loans, and effectively destroy money when they repay loans. This was The Atlantis Report. Please Like. Share. Subscribe. 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

👉2020: The Year the FED bought America !!

👉2020: The Year the FED bought America !!












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
















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

👉Amazon is to Blame for The Retail Apocalypse and Ghost Malls

👉Amazon is to Blame for The Retail Apocalypse and Ghost Malls








First there were separate stores and catalogs, then malls, now separate stores, and Amazon. Now, Amazon is doing to Walmart what Walmart did to other retailers. NAFTA, Amazon, and the baby boomers. The trifecta that destroyed America. It’s obvious to anybody living outside of the Empire’s sheltered compounds. Retail is dying. Large malls, strip malls, and small shops have closed everywhere. Retail is dead. They want everyone penned in like cattle and ordering crap from the internet. The one store that never goes out of business is the liquor store. Since June 2015, retail chains have accumulated more than $45 billion in aggregate chapter 11 liabilities in connection with over 80 bankruptcy filings. As a result, the tipping point for US commercial real estate is approaching fast, begging the question whether WeWork's upcoming bankruptcy will be the straw that finally breaks the camel's back. The Malls have lost a lot of diversity of what they once offered back in the 1990s. Now, its primarily all clothing stores, and maybe an Apple phone shop, and a dumpy food court, and that is it. Also, many of the shops that are moving in aren't retail at all, but rather services, like for nails, tattoos, and other useless stuff. Bookstores like Walden's Barnes and Noble and Borders, science stores, hardware and implement stores like Sears and Montgomery Wards, outdoor shops like the Nature Store, community employment centers, pet shops, electronics shops-like Radio Shack, Movie theaters, Bergner's, record stores like Sam Goody's, KB Toys, the Sharper Image, the Imaginarium for kids, even many shoe stores like Payless and Rockport all have closed. Those are all gone. Those clothing stores that are left, are having tough competition among themselves in an already over-saturated market, and with customers who simply don't have the money to buy any longer. Those malls will eventually close because of that. This is not to mention anything about the high overhead that the malls charge merchants to rent space there, and the mall's management inability to keep some diversity there to attract customers who want to buy something else other than clothing. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. It is difficult to quantify all the damage Amazon has done to America as it has burrowed its way into the fabric of society. Amazon is the destroyer of the stores that provide valuable jobs. Amazon's coming Prime Day global shopping event is the perfect time for consumers to just say no to the company that employs an engulf and devour strategy to weasel its way into our lives. It is difficult to quantify all the damage Amazon has done to America as it has burrowed its way into the fabric of society. This company has exploited communities by continually telling consumers it is the answer to a "better America" while it feeds at the government teat. Only after it has wrecked communities leaving many Americans jobless and retail stores sitting as giant empty shells might short-sighted consumers finally see the airs of their way. Amazon is bad for America - it is that simple! An example of this surfaced a while back when it was reported that Amazon would be allowed a two year trial in New York state to ship food to customers and be paid with their EBT cards. This would, in effect, hammer Amazon's competitors that were not allowed to do the same. While nobody seemed to care, this translates into grocery stores willing to locate in poorer areas losing business to a company unwilling to locate in these less desirable markets. This is a rather self-defeating in that it rewards those unwilling to commit to making the community better and damages the brick and mortar stores that will. Not only do these stores pay local real estate taxes and provide jobs for those in the community, but they also are forced to deal with a huge number of shoplifters. It galls me to no end to see retailers in our communities going out of business as the US Postal Service bends over backward to give Amazon a special edge. This is very wrong! Considering that the USPS has had to purchase special equipment such as larger trucks to deliver packages for Amazon, it is not difficult to reach the conclusion the USPS is simply in cahoots with Amazon or willing to sell out the rest of American businesses for a few dollars in revenue. On Memorial Day, I saw the USPS delivering a package for Amazon. Please name another company that gets this type of special treatment and service from the post office. This is a time when most stores are closed so their employees can be with their family, ironically, in the past, many retailers have reaped public outrage for staying open and trying to profit during major holidays. People often claim to expound old-time values such as cherishing personal relationships with the people in their neighborhoods that they do business with. Sadly, without much thought, these "Hallmark moments" are often thrown under the bus. While consumers may cherish the help and advice supplied by Fred at the local hardware store, they can rapidly become disloyal when seduced by a good ad appearing online. It seems some consumers become almost giddy at the thought of receiving a package from an online seller mistaking it for a gift. The truth is these packages are not free. Even if they are paying the same price, such goods come with a hidden cost levied against their community. That cost is lost jobs, local sales, and a lower tax base. This is why if prices are anywhere near the same, it is wise to "do the right thing" and support your local merchants. On another note, when things get tough, that is when you find out who your friends are. I remember the eyes of the nation turned towards Florida when Hurricane Irma was bearing down with category five winds, and companies like Walmart and Target queued up to give back to the communities that supported their stores. In one heartwarming commercial, we saw Walmart paints a picture of America coming together, supporting those who saw their lives washed away by Hurricane Harvey just days before. Meanwhile, Amazon.com increased prices on basic supplies ahead of the hurricane’s landfall in Florida. The fact Amazon jumped the cost of water drew the most ire. Kate Taylor of Business Insider reports, customers took to Twitter to share screenshots of water from various brands — for example, Aquafina and Nestlé — priced roughly between $20 and $25 per case. Usually, the same cases of water sell for between $4 and $8. The bottom line is Amazon gouged customers for about 500 to 625 percent. Over the years, Amazon has employed an "engulf and devour" strategy that takes no prisoners. It even crushes merchants working on its platform by stealing their product ideas and undercutting them on prices. This is done by giving their own Amazon-branded products premium real estate on their website. Amazon has also been stepping up efforts to recruit Chinese suppliers and manufacturers directly, which cuts small American merchants out of the picture. As these new Chinese players have entered the picture, "an explosion" of counterfeit products and fake reviews have hit the site. This is an issue prominent in Chinese e-commerce. With US shoppers estimated to spend $317 billion on Amazon this year or about 52.4% of all online sales. profits have increased for seven quarters in a row. Amazon has become a formidable force. I ask all consumers to see Amazon for what it is, a self-promoting hype machine. This company is far from transparent, and while politicians fall over themselves to be in its shadow, it is not our friend. Because of its massive advertising budget and other ties to Amazon, we find the media often seems to be in bed with Amazon and fall all over themselves to portray the company as both the flavor of the day and the future of commerce. This means you seldom hear anything bad about the retail behemoth that has the power to turn most news articles about Amazon into nothing more than free advertising that is spun to place the company in a flattering light. Current tax laws at the local, state, and federal levels have changed little over the decades and lag far behind how business is conducted in our modern age. This feeds directly into creating an unfair advantage for Amazon, which has used them as a foundation to fuel its growth. Still, even more, troubling is how the company has created an environment that draws in other sellers of goods than in a predatory manner undercut their ability to compete. When you add these actions with Amazons growing influence in Washington due to its strong relationship and contracts with the CIA and deep state and its CEO's ability to drive public opinion through the Washington Post, we have every reason for grave concern. Remember the proverbial saying 'power corrupts; absolute power corrupts absolutely.' India has tightened the noose on E-retailers, and America should be too. Understanding the value of brick and mortar stores to local communities, India has placed several restrictions on E-retailers in order to level the playing field and make things fair. By far, the worst abuser of the current e-commerce system here in America is Amazon, which has developed strong ties with the government. Amazon has even incorporated a complacent United States Postal Service is expanding its advantage over businesses by delivering Amazon packages at a discount, and even on Sunday. To make matters worse, state and local governments have put special packages together with incentives aimed at luring Amazon to build in their areas oblivious to the damage it will cause in the coming years. I strongly urge people to consider what kind of community and society they want in the coming years before jumping on the Amazon bandwagon. Amazon excels in creating illusions that fail to hold up under scrutiny. For all the praise, many people and politicians heap upon small business. They are often quick to cut the very throat of the creator of much of our wealth and jobs. India recently tightened the noose on E-retailers, and America should too. America also needs to investigate ways to level the playing field and protect brick and mortar retailers that provide jobs and are so important to the fabric of communities. Since Washington has become tangled up in its own feet and unable to get anything done, it is time we the people take action. That is why I again state, "Amazon is bad for America" I urge you to boycott anything Amazon. This was The Atlantis Report. Please Like. Share. Subscribe. 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

👉Neofeudalism , Global Neo-Serfdom, Debt Deflation, and Debt Peonage Explained

👉Neofeudalism , Global Neo-Serfdom, Debt Deflation, and Debt Peonage Explained







Neofeudalism , Global Neo-Serfdom, Debt Deflation, and Debt Peonage Fiat Money is not just Theft -- Fiat Money is SLAVERY. Throughout history, many commodities have been used as currency. Cows, beads, and seashells have all been used in trade. Paper currency is simply more convenient when buying a pack of gum at Walgreens, but it isn’t money. The US government has designated the dollar as currency, while at the same time arbitrarily attributing some type of value to that dollar. Your dollar could be worth X today and Y next month. The US dollar has lost 90 percent of its value since 1950. But it’s still the same dollar. Giving the federal reserve the power to print US currency was the beginning of the end. It happened long before most of us were born on December 23, 1913. The Federal Reserve, like most global central banks, continues to print fiat currency at unprecedented speed. As these dollars flood the economy, the value declines. Fiat money has been around for hundreds of years, and many of them have vanished due to hyperinflation. Paper currency has led to the collapse of almost every economy that has tried to institute a fiat currency to trade for goods and services. It’s not looking very well for the once-mighty dollar, either. Throughout history, attempts at using fiat currency, even today, have failed. When the government prints fiat money that isn’t backed by any value, disaster inevitably ensues. Still, the long history of failed fiat currency is being ignored by today’s money printers. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; religious or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value fairly stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far greater source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on them null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. You accept, condone, and support your own slavery. You live and die and kill for fake money in full contempt of, and in opposition to the truth (reality), honor, and justice. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The perfect dictatorship would have the appearance of democracy, a prison without walls in which the prisoners would not dream of escape. A system of slavery where, through consumption and entertainment, slaves would love their servitude. Everywhere you look, the nation-state seems to be stumbling badly. In developing countries, internal order has broken down, as governments have lost touch with political realities on the ground. Even in the supposedly well-governed developed world, the nation-state seems to be showing its age, as evidenced by a string of financial crises stretching from Wall Street to the eurozone, as well as by the calamity of the United States’ adventurism in Iraq. Simultaneously, humanity is facing increasing global challenges for which the concept of the nation-state is ill-equipped to provide solutions even via existing multinational institutions. These challenges are as broad as religious confrontation, global terrorism, nuclear proliferation, global warming, international immigration, pandemics, and economic inequality in the West caused by an increasingly global labor market. Cue the ongoing international populist explosion – driven by the economic slowdown and certainly fuelled by a sensationalist press – in which voters are rejecting traditional political leaders in favor of outsiders who delight in disrespecting and discrediting established institutions of the nation-state. A self-feeding frenzy between the new political elites, the media, and the people has been initiated and is starting to devour the structure of the very nation-state to which a free press was so essential in the past. Contrary to the fevered imaginings of European federalists, however, the nation-state cannot simply be wished away like an annoying anachronism of a bygone age. Rather, the dirty little secret at the heart of our new era is that all the rising powers – be they China, India, South Africa, Indonesia or Brazil – are more sovereigntist, more nationalistic and more wedded to jealously preserving their national prerogatives than is even the United States, long the bane of post-national dreamers. Instead, it is the supposedly modern, post-nationalist European experiment that seems to be in terminal decline. Both intellectual defenders of the nation-state and its critics seem to be largely wrong at present. As of now, we live in a bewildering world, where the nation-state is both not working very well and isn’t about to be replaced. The end product of today’s Western capitalism is a neo-rentier economy—precisely what industrial capitalism and classical economists set out to replace during the Progressive Era from the late 19th to early 20th century. A financial class has usurped the role that landlords used to play—a class living off special privilege. Most economic rent is now paid out as interest. This rake-off interrupts the circular flow between production and consumption, causing economic shrinkage—a dynamic that is the opposite of industrial capitalism’s original impulse. The “miracle of compound interest,” reinforced now by fiat credit creation, is cannibalizing industrial capital as well as the returns to labor. The political thrust of industrial capitalism was toward democratic parliamentary reform to break the stranglehold of landlords on national tax systems. But today’s finance capital is inherently oligarchic. It seeks to capture the government—first and foremost, the treasury, central bank, and courts—to enrich (indeed, to bail out) and untax the banking and financial sector and its major clients: real estate and monopolies. This is why financial “technocrats” (proxies and factotums for high finance) were imposed in Greece, and why Germany opposed a public referendum on the European Central Bank’s austerity program. There are two paths this new economy might take. One, more widely covered, is Darwinian. People at all ends of the socio-economic spectrum become Uberised, as both blue- and white-collar jobs are handed out piecemeal to the lowest bidder. Already, eastern European designers and Indian radiologists are undercutting their full-time peers in more developed countries this way. The labor markets start to resemble a feudal marketplace in which the lord shows up each day and says, I'll take you, and you, and you. The labor share of the pie, which has been shrinking across the developed world for the past four decades, continues to decrease. Stagnant growth and polarised politics continue. But there is another possibility. Platform technologies used by companies such as Uber could, with a few crucial tweaks, enable a return to a more be­nign, pre-industrial form of capitalism. The influence of corporate money on Congress is exacerbated by how out of touch congressmen are with the daily struggles of most Americans. The median net worth of congressmen is $913,000 as compared to $100,000 for the rest of the population. Aside from being immediately wealthy, Congressmen also weathered the tribulations of the financial crisis much better than the average American. An analysis of congressional finances by The Washington Post in October 2012 revealed that the wealthiest one-third of Congress was largely shielded from the effects of the Great Recession. While the median household net worth of the average American dropped by 39 percent between 2007 and 2010, the median wealth of congressmen rose 5 percent. It rose 14 percent for the wealthiest one-third. At a time when most people in the country are suffering, congressmen are profiting. This alone should demonstrate how out of touch our elected leaders have become. Members of Congress, entrusted to represent the best interests of the average American, instead play out a stilted, ineffective soap opera on our TV screens, complete with phony discussions of fiscal cliffs and debt ceilings which take the place of real proposals for meaningful change in the country. There is no voice for the working Americans in the halls of Congress, the American who was promised a life beyond taxes, debt, and unemployment. There is no voice for the peace-loving American, the American who understands that America’s military might is meant for defense of the homeland, not looking for trouble in faraway lands. There is no voice for the American who expects his representatives to abide by the Constitution, who laments the way Congress, the President, and the Supreme Court work together to take away our rights piece by piece. This was The Atlantis Report. Please Like. Share. Subscribe. 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

Gold Prices Set to Break The All-Time High Record of $2000/oz

Gold Prices Set to Break The All-Time High Record of $2000/oz




 Gold may be a barbarous relic, but we live in barbarous times. Gold prices scored their best weekly gain in three months, with prices of the yellow metal breaking above the $1,900-mark for the first time since September 2011 on Friday. Gold prices finished at 8-year highs and continue to accelerate higher. The $2,000 mark for gold will be very easily broken. Gold prices closed the week up more than 5%. They have climbed by around 50% since the summer of 2018 when the metal bottomed under $1,200 an ounce. The yellow metal also has climbed around $400 an ounce from March’s COVID-19 crash, its steepest 17-week gain since the very tops of September 2011 and before that January 1980. Gold will keep going well beyond $2,000 with so much money printing across the globe devaluing currencies. The Asians sell gold when it strongly rises, but the West buys high into rallies. Holding since 1971 at $35 an ounce has been very profitable, but it requires patience and resolve to ride through the wide swings. Gold has long cycles: 12 years is not uncommon. Gold is the real money, and it has been proven after government invasions of countries to steal their gold and central banks buying records amounts of gold. Gold will most likely see $2,500 by the end of the year, maybe higher. In turn, Real Estate will take a massive correction (eventually) as the foreigners are forced out of the US Money Laundering business. Metals represent the only real tangible thing left in a sea of funny money, digital numbers, and a world crushed by debt and bad decisions. Why is this happening now? Because everyone knows we are screwed and wants physical. Trillions and trillions of stimulus and debt for the hopeless degenerates generation. It'll never be repaid without a serious devaluation of the debt of the currency, and the Fed will continue to accommodate with vigor to keep the government solvent. Gold bugs have always said it, but the virus and social revolution have accelerated the timeline. Gold goes up because the US Dollar goes down related to dollar debt. After world war 2, the USA had a dollar gap; now, a dollar overflows into debt. Not one politician has the courage to tackle the dollar debt crisis. The real reason for Obama attacking Libya has nothing to do with humanitarian reasons. It has everything to do with a gold heist. Obama unlawfully sent U.S. forces to attack Libya to control the country’s vast oil (black gold) resources and its 144 tons of gold bullion. Gold is among the rarest of elements. We can fit all gold ever mined into a swimming pool. The dollars of nothing used to purchase this extremely rare metal are CREATED FROM NOTHING with no limit. There is NO limit to how much the value of dollars can be diluted (inflation). Those 185000 tons in existence equal 5.92billion ounces. There are not enough ounces to give each person on the planet just one ounce. It might be true to say only 500 million on the planet can afford to buy gold. That is less than 12 ounces per person in that group. If that 500 million people each attempted to buy just one physical ounce of gold in the next six months, that equates to over 15000 tons of gold that would have to be made available. Silver is exploding for the same reason. Silver has even better fundamentals and long term outlook. Silver is suppressed for 135 years because it is the stick in the heart of the vampires who run the Central Banks. If you want to buy physical silver in the open market, you will pay a minimum of about $30 per ounce. Buy as much as you can on the fake Comex for $23, and even a 2nd grader can figure out there is a HUGE profit margin. Physical silver and gold RULE the price in the long haul. Smart people buy physical on the Comex at a HUGE discount and store it away in a private, secure location. On Friday, the few big banks traded 250 MILLION paper silver contracts. At 5000 / ounce, and the open interest DID NOT CHANGE. Do you understand what that means?? It means NO money traded hands. They trade a billion two in silver, and no money was exchanged. We are lucky if we have two billion on the entire planet YET. The CFTC, the Government regulators, allow a few big banks, JP Morgan, Citi, and HSBC to trade a billion ounces in one day, which does not exist, and they do not have in their vault. At least 400,000 tons of "gold" are traded on the Comex per year. The COMEX is not a joke. It is a Criminal Fraud being used to con everyone into thinking the spot price of silver should be 23 dollars per ounce. They don't call it the CRIMEX for nothin'! Unless you have physical gold, then you have nothing but an IOU, and your paper gold is costing storage fee scam. They sell the gold held over many times, just the same criminals at work fleecing the people. When will people stop buying the same ounce of Gold on paper 100 times over. They do not have it to give to you physically. About 50% of silver is used industrially, and the amount increases by about 4% per year. The supply of silver mined has been going down modestly prior to this year but perhaps much more of a decrease this year. And silver is 90/1 versus gold price, which is absurd. About 50% of silver is used industrially, and the amount increases at about four percent per year. The supply of silver mined has been going down prior to this year but perhaps much more of a decrease this year. And silver is 90/1 versus gold price, which is absurd versus coming out of the ground 8/1 by weight. So, there are about 2 billion ounces of silver above ground on the planet. A little more or less. We mine 800 million ounces per year. Not this year as 60% of the mines shut down for three months for the COVID. APPLE, ONE COMPANY, has 250 BILLION on hand in CASH. Not what their stock is worth. Just in cash. Apple could purchase ALL the above-ground stockpiles of silver at 23 dollars/ounce and still have 200 BILLION left over to buy bubble gum. Apple. Who builds tablets in China with slave labor at 50 dollars and sells them for 500 USD and... pays an effective tax rate of 1.9% on all of it... Now: Riddle me this, Batman... The Government needs tons of silver to build their weapons. Samsung to build their phones. Tesla to build their electric cars. Chain to build their solar. Industry to manufacture everything using tons of silver in tiny amounts. If everyone on the planet had to go to APPLE to buy their silver, they could NOT live without. What do you think the price would be?? Would Apple sell their silver for 50?? a thousand.. 2 or maybe even 3 thousand per ounce?? Who thinks they would settle for 20 bucks?? SILVER IS the Rarest, most useful commodity on the planet, and YOU ALL listened to the Globalist. The liars who call you all useless eaters. Convinced you silver is worthless when YOU could have bought it at 5, 10, or 15 dollars an ounce and changed your life and the life of your family. It is not even close to being late; the gold to silver ratio is still over 80 and should go below 20. silver will hit $200 minimum in the next couple of years at most. The reason silver certificates were pulled in 1963 was that the commodity value in a silver dollar for the first time rose above $1. It surpassed $1.33/oz in that year ( a silver dollar is 75% silver). It's now $17/oz. That should be all you need to know about how our monetary system works. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The loss of value in fiat and the rush into gold is caused by loss of confidence in fiat. Prediction: So one method they will use to crush gold price will be by attempting to crush confidence: a massive "scandal" of fake gold bars, banks being "taken," consumers "finding" fake one-ounce coins they claim to have bought from reputable dealers, central banks rushing to examine the bars in their vaults, etc. Hopefully, delivery demands will uncover the scam the COMEX is. The scam, which is an old racket, is fractional reserve trading of gold. As long as some big holder can keep a lot and trade-in promises to own it without delivery, that scam is profitable. This is known as banking. The only way to break them is for everyone to buy a safe and hold their own. The massive increase in demand cannot be met with the fake data/paper claims of silver reported by the Comex. The COMEX is dying a very slow and painful death (rightfully so!) With each person standing for DELIVERY! If this delivery trend continues, they cannot keep the price of gold and silver down by selling paper. And hopefully, that will lead to real price discovery for gold and silver, which will happen at unimaginable levels. If the little Robin Hood idiots would stay out of GLD and SLV, metal would do much better. Crash the COMEX. Demand delivery! Comex is a fraud. They don't have the gold and silver they claim to have. That spot price is fraudulent too, given the massive increase in demand. The CFTC does not investigate the Comex for market rigging! It is being paid to look the other way. Comex is and has been a giant fraud wherein all colluded to control the narrative. It won't be long now; the destruction of the economy is about to complete. Printing money and handing it to the people will accelerate, and so will the price of goods. The lack of confidence in the currencies will drive bullion out of the market, and mayhem will abound. Due to the unprecedented level of monetary stimulus, the party will continue at least into 2021, at which time the Dow will exceed 30,000. When the bottom drops out, the only investments on Wall Street that will offer protection will be precious metals, tips, and cash. The last audit of Fort Knox showed 956 tonnes of good delivery gold in 1975. The chances that even a fraction of that is still there, given the Keynesian training of FED and Treasury officials, is slim. Buy gold and end the FED, the dollar is being turned into toilet paper! The Fed and the Corrupt Crooks on Wall St. are in a panic and are very desperate. Do not sell your gold or silver cause you ain't seen nothing yet. GOLD IS KING. It is the money of Kings. Silver is the money of Gentleman. Barter is the money of Peasants. Debt is the money of Slaves. If you don't hold it, then you don't own it. Keep Stacking. This was The Atlantis Report. Please Like. Share. Subscribe. 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