👉China Threatens to Dump US Debt and Crash The Dollar

👉China Threatens to Dump US Debt and Crash The Dollar






China wants to sell 20% of its US treasury holdings and threatens to sell all of its holdings in case of a military conflict. Twenty percent that's around $200 billion. We generate that kind of debt in about a month these days. Can’t blame them. The US is a bad investment. And we’ve printed enough currency to make their holdings worthless. The Fed and other central banks will mop up the treasuries in an afternoon. We've thrown 6 trillion at the virus this year alone. But if the rest of the world senses China is dumping treasuries, then they will likely follow suit. The last one to leave the table gets stuck with the check. So billions can become trillions dumped. Yes, the Fed has monetized three times as much debt as China holds in the past three months alone. But no commercial banks bought the debt, and the FED created bank reserves in exchange for the treasuries. This was not inflationary, but if China sells 1 trillion, you can't give them bank reserves, which can create huge problems for the US. In the last few years, Russia has quietly dumped almost ALL of its Treasuries. Russia Tapered back US T-bond holdings and bought gold and other real assets with the proceeds from the sales. This is the other shoe I've been expecting to drop. It will be the rest of the world that finally brings fiscal discipline to the FED with a monetary "vote of no confidence." If this happens with gusto, the USA is screwed. No need to bother with an armed conflict in the South China Sea, the Mid East, or Eastern Europe. China has been steadily diversifying out of dollars into other currencies, hard assets, and gold. That trend will continue as the dollar reserve status steadily erodes. China is now the world’s biggest consumer and producer of gold. They will spend their fake fiat dollars to buy real things. The Chinese are already buying up the world, in Africa, Australia, Canada. They have been buying farmland, real estate, mines, and businesses around the world. They've been buying gold for the past decade. They've bought gold mines and mining companies. Divesting of the treasuries was expected. China was already gradually selling these securities. Another positive step in the decoupling process. Likely China's sale of Treasuries will consummate decoupling that's already underway. The assets China wants to buy from the US are prohibited for sale. The US is expropriating Chinese businesses (TikTok) and waging economic warfare (Huawei). China was using its US dollars for foreign investment. The US is closing that loophole, and the US dollar will become worthless to China - so they will stop accepting them! China owns a third as much as the Fed printed this year. Insane but true. They will convert soon to be worthless US debt notes to gold. Gold is still cheap. The Fed will buy them T Bills with freshly printed fiat conjured out of thin air. But what if no one accepts the dollar? This should be a lesson to everyone about US treasuries and the value of the dollar. Fifteen years ago, a trillion dollars owned by China was big news and was a huge asset to China. Now a trillion is nothing, worthless in relation to the Fed typing in five seconds worth of digits on a keyboard. I took longer to make this video. Powell will be printing hand over fist, and the US Dollar will implode. Why would anyone want US dollars? Get rid of them and buy tangible assets. Buy some gold, silver, land, new shoes. Anything. It is hard to imagine now that the dollar is reduced to 2-3% of its 1913 purchasing power. How much can actually be left, or do we just pay $35 for a big mac and 2 million for an average house, or will homeownership be a thing of the past?. The dollar has been debased by a factor of at least ten in 50 years. The FED is monetizing debt at the rate of probably tens of trillions monthly already to prop up an incredible amount of bad debt and overvalued stocks. The US financial is an unmitigated fraud, and while the Fed has thus far been able to ward off cataclysmic disaster, this time they’ll be rendered impotent, as China and other countries wean themselves from the Dollar, selling treasuries and making global transactions in their own currencies, causing a dollar crash. The World is insane to be holding any sort of US paper. It is worthless. The USA is a deadbeat borrower who can't be trusted to pay its debts, live up to its word, or obey the law. Think for a second what a $2 trillion loss would do to the City of London and Wallstreet. Of course, the Fed can bail them out too, but the financial tremors would make the 2009 Global financial crisis look like a walk in the park. Might as well let the Fed be the biggest holder of US debt. It already owns the stock market. The new Communist system pretending to be the Capitalist we have in America is the real laugh. Soon enough, the only buyer of Treasuries will be the Fed. They've been the only buyers for the past 12 months. And will also be the first to buy at Negative Interest Rates. The Fed will try to save the dollar by printing more dollars. It has been so long since there has been any semblance of price discovery but let me have a stab at it. If something is in less demand, then the price of that thing will fall to meet a price where demand is in equilibrium with supply. So if fewer people want the dollar, then the dollar will fall in price to meet the new demand level. As the dollar falls in price, then things priced in dollars go up in price, reflecting the weaker dollar. In order to save the dollar, the Fed will have to try to create the price equilibrium to stabilize the value of the dollar. That means they will print as many dollars as needed to save the dollar because the same result occurs without printing, so you might as well print. Yep. A mathematical certainty. If China sells all of its US Treasuries, The Federal Reserve knows exactly what to do: To Print Money! That's right, print, print and print until every last treasury is purchased, all of them. Of course, by then, a loaf of bread will cost $679 FRNs, but never mind that because the stock market will also explode upwards exponentially! All of y'all will be millionaires! Don't hold your breath! The Fed is printing hundreds of trillions out of nothing, yet we see no hyperinflation yet. Why? Because inflation is being exported. America's number one export is inflation. The printers only work if other countries want their debt denominated in our currency. Otherwise, the Jig is up. I hope you're paying attention. When the day comes that the US Dollar gets ditched, I expect that the people who are the most shocked will be the Americans. The rest of the world will shrug. End of the story for the US as a superpower. Maybe a few chapters left. We knew this was coming next. 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. Last month, the Chinese Communist Party had a big meeting. The outcome was a new policy to prepare for the end of relations with the US. The orders were to stockpile petroleum, stockpile foodstuff, and to sell off US dollar-based holdings. Another policy order is not to allow new US firms to set up operations in China. The plan to cut US treasuries to $800 billion is cover to sell off all US dollar-based securities. It is fluid; it also depends on who wins the American elections. If the Chinese do not buy the trade agreement $200 billion from the US, then by Jan 1st, 2021, a new higher round of tariffs will be placed on Chinese goods. It doesn't look like the Chinese will meet the goal of $200 billion purchases of US goods. The recent trade deficit with China is higher. The Chinese are moving from trade war to currency war to preparations for war. The U.S. trade deficit surged 18.9% in July to $63.6 billion from an upwardly revised $53.5 billion in June. This is the widest trade deficit since 2008. All the power and privileges the US Dollar enjoys stems from the rest of the world wanting it. It will crash as soon as the world wants something else in exchange for their goods. Then it will crash. In fact, it’s crashing before our eyes. Your mind just believes there is no inflation or 2% like the Fed claims. America made critical suicidal mistakes by allowing foreign countries to dump their products, mainly Asian cars, followed by all the electronic products from Japan and China. Of course, we have no one to blame but the greedy American corporations that sent our jobs and factories to China. It also doesn't help that flag-waving American's are buying those imports, further destroying their own jobs and future. The only thing that can save the US economy now is re-establishing the commodity mass production, as seen in the real boom years. Agriculture, base metal production, precious metal mining, new oil & gas discoveries (away from shale), etc. Manufacturing goods domestically and becoming a creditor nation again. Make lunch and eat it instead of demanding a free lunch off others. It takes people producing stuff more than consuming to service debt. On a relative basis, we have not done that in the USA for decades! The Anglo super-elite has very, very poor thinking abilities. They set up China as the world factory and put all the eggs in one basket, all in the name of globalization scam. Instead, if they got the brains, America could have a diverse source of the supply chain from South East Asia, South Korea, Taiwan, India, Mexico, South America, and Africa. These supply chain countries will own US treasury bonds in a well-distributed balanced global finance. By putting all eggs in one basket, which is China, the greedy, no brain Anglo super-elite are just asking to be SHOT AND KILLED BY CHINA. China is a creation of the globalist elite from London, that sold out America and exported US manufacturing to engorge some fat cat billionaires from Wall Street. Globalization scam has been sold by the last several Presidents, Congress, both Teams, and Main Stream Media. It's literally a scam to make a few people super-wealthy. The West created today's China by allowing corporates to outsource to China due to their own greed and not having the foresight to see the negative effects that would have. Kissinger, Bush, Obama, Clinton, Biden, etc.. have all made deals with China to sell the US down the road to globalization. The Anglo super-elite Predator Class transported US factories to China to make billions on wage arbitrage. The money is in the Cayman Islands, and the factories are in China. The West now faces a powerful and highly nationalistic adversary that does not share a commitment to the rule of law and human rights. China can be weakened by severely reducing that outsourcing, but it seems clear that it will react militarily. If the West initiates a permanent move against the CCP within the next two years (removing the vast majority of its investments and manufacturing reliance), the CCP will collapse. If we do not do that, the West will collapse within five years. It's our choice. Reports are China now has the largest navy in the world. I suspect they could take Taiwan without a fight from us. The point is, the Modern Monetary Theory based upon world-wide credit/leverage in dollars has done more than build our life-style bubble. It builds China’s bubble, and they have more ability to plan and initiate than we do to their authoritarian hold on government. We celebrate our success. I hope we don’t wind up regretting it. CHINA versus the USA or we can say it "COLD WAR 2.0". From the banning Huawei to TikTok, Now the USA shutting down Chinese consulate in Houston, and CHINA shutting down USA consulate in Chengdu. The USA using its main Ally, INDIA, against CHINA in ASIA and CHINA, now getting the most rival country against the USA, which is IRAN, by investing 400$ Billion in its own currency. CHINA is making military bases in the South China Sea to counter the USA allies in US Indo-Pacific Command. And the USA is making allies against CHINA in Indo-Pacific Command by making QUAD Group. USA is basing CHINA openly and saying BRI as a deadly way to occupy any country, and CHINA using Wolf Warrior Diplomacy and openly based on the USA as well. This situation starts from the trade war, and now it converting to COLD WAR 2.0. IS THIS HAPPENING AGAIN? A NEW WORLD ORDER IS COMING? 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

👉US Debt to GDP Worse than Italy on The Way to Turn Full Japan

👉US Debt to GDP Worse than Italy on The Way to Turn Full Japan





A huge budget deficit, Future massive money printing, QE infinity, sub-zero interest rates, and operation twists guaranteed, QE flowing directly into the stock market, Cities collapsing, Pandemic, debt exploding, massive unemployment, earnings down, riots & looting, societal chaos, death destruction & mayhem in the streets! The economy is already destroyed. Time for a reboot because the Titanic already hit the iceberg. Getting everyone to admit this is another story. Trump has added in 43 months $8 trillion debt. We printed $2 Trillion and gave it away. All that money is bubbling up somewhere. The FED is out printing currency out of oblivion, robbing us of our purchasing power since 1913. Had all of this stimulus gone to the people and infrastructure needs, we might have actually been in the midst of a renaissance. Instead, all those trillions are resting soundly in the clutches of JPM, Morgan Stanley, Goldman Sachs, Boeing, Lockheed, etc. It was a massive robbery. Over 600 billionaires got around $700 billion. Both parties promised an infrastructure build before the election. We never got it. The first stimulus was hinted at but nothing. It was a robbery. We the people got peanuts. The reason why there is low money velocity is that the treasury prints the money and deposits into the too big to fail banks who simply sit on the money and either buy risk-free, low yield assets like Treasury bills ; or fund high-risk high reward IB activities. Either way, the too big to fail banks are not functioning as actual economic lenders to the main street market that actually causes expansion of the economy. Everybody knows this. It's a Ponzi scheme to keep the elites and bankers liquid and everyone hustling to make a crappy living. The money only goes to rich insider fatcats to cover their gambling losses and top off their tanks so they can buy up everything (they don't already own). Everybody else is broke. By initiating lockdowns, all we are doing is extending the economic damage over the span of years instead of months. They now have a reason for an economic downturn and an excuse for bunches of future bailouts. The Fed's goal is to re-inflate the bubble economy. The bubble is about to pop. A dollar denominated debt bubble. Bubbles are created by over-leveraged debt-based currency. Gold-based currency is the great neutralizer, but, to be effective, it has to circulate, or there is no proper comparison for the utility value. Bubbles ALWAYS pop. It's either that or the world dumps our dollar, and the reserve status disappears, all confidence lost, and the dollar crashes. The US has the world's reserve currency, so as long as the world keeps allowing Fed policies to go unchecked, and they remain confident in the Fed, then this shitshow can last years. However, since they can't normalize rates, nor stop pumping trillions into the market to keep it afloat.The question isn't how long will it last, but how bad will the inevitable collapse now be. Also, recessions happen about every 8-10 years. We started back in 2016, and it's now been propped up. October GDP numbers fall, and businesses are closing at record numbers .So they will have to double down by the first quarter of next year. The 2nd quarter will tell the tale. It will all unravel by 2021, and the confidence in the Fed will be winding down. We have the most to lose when the world abandons the US Dollar as its reserve currency. It’s already happening in international agreements. The dollar is on life-support, and there’s nothing any of us can do about it. Most of our inflation currently has ended up in asset prices, but it will eventually end up in consumer goods. Eventually, this leads to Venezuela hyperinflation. It basically depends on whether we see a big crash followed by serious deflation, followed by inflation later, or whether we just go straight into inflation now, and gold and silver go to the moon, sooner rather than later. Then there's also the manipulation in the precious metals markets, especially silver. Either way, I'm bullish on precious metals long term. Inflation is the stick that drives the free market toward the karat. Because the free market is the only segment of the overall market that can legally and safely monetize gold and bring market gold currency into circulation without a total debt bubble pop, now that we price these modern markets in REAL-TIME. What's required is a nice safe, and sane debt bubble leak, so the process for gold's entrance has to be organic from the bottom-up. This is ingrained in the law. This now gives the stage to the consumer. More reason to load up on gold, silver, farmland, etc... This is how you will be able to hedge against this oncoming tidal wave of worthless fiat currency. Real estates are a double hedge against inflation. The debt is a hedge, and the property itself is a hedge. However, there's overhead. Taxes and maintenance. You've gotta do the math. Buy assets things that hold value. At least as the dollar is rising, these things will increase in value—things of use. The system we have in this country has a life span. When you see bread lines, you know it's pretty much over. Sooner or later, we must end the party and start paying the debt. Two alternatives: a major holder dumps Treasury securities or we hyperinflate. Neither is good! All these are excellent news for stocks. The Market is at ALL-TIME RECORD HIGHS! Feds will have to print a lot more dollars. The market's always up in Zimbabwe! When The dollar craters, that means everything priced in dollars is going to skyrocket, including stocks. That means you are just going to take all your so-called gains and buy yourself a nice new loaf of bread. The stocks will not crash in dollar terms. Yes, the bond market is in a bubble because of inflation, but stocks will crash in terms of gold. I see the Dow-to-Gold ratio getting back to One. See Venezuela and try to learn something. Yes, Venezuelan stocks went up in lots of bolivares. But what could the bolivar buy? Squat.everyone’s a millionaire in Venezuela. Zero-interest rate policy forces investors out of bank accounts and Treasury securities in search of yield. That is one of several factors boosting stock prices when fundamentals are sketchy at best. What some people don't understand is that the stock market could double on all of this money printing, but it is still going down. It goes up in Dollar valuation but down versus Gold at the same time. What happened if the stock market doubled after printing so much excess money, but the price of gold quadrupled or quintupled? It's going to be a safe bet . The Precious Metals will outperform the stock market by far since high inflation is a headwind for the shares, that have to make up with their dividends for extra inflation percentage. The Fed is not in the position to chase inflation by raising interest rates. And how many stocks arent even paying any dividends and are way up. What happens if inflation soars, investors must pull out if they can't pay high enough dividends. Speculative positions like Tesla, in the example, could go into a waterfall decline. 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 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 US GDP fell back to 19.5 trillion in the second quarter of 2020. Current government DEBT equals $27 Trillion and GROWING EXPONENTIALLY. So in 2019 - GDP was $21.6 Trillion. Debt to GDP equals 123.6% TODAY. Excluding social security, debt to GDP is 98%. America's debt has soared past 26 trillion dollars and is now expected to leap by several more by the end of the year. This debt surge would have been unimaginable just a year ago, and adding to our woes is the road ahead appears bleak. The clock provided by the US Debt clock website provides a great deal of insight and information. A seldom and underused feature appears on the right side of the top line. It is labeled Debt Clock Time Machine. The real economic growth cannot be positive when the debt-to-GDP rises. Debt-to-GDP is already rising, and they think more debt will improve the economy? Surely not possible. The horse left the gate 15 years ago. No way out of this mess without some rescheduling of US government debt. We were turning a full Japan and made Italy and Greece looked creditworthy. It will be mathematically impossible to control the debt. The US will eventually default; the dollar will be worthless. That's what happens when you operate on a debt-based system. Of course, the official numbers are B.S. they all are. The numbers are all lies; they lie about the GDP and lie about the debt. No telling what the true numbers are. The books are cooked. So let me get this straight. Our GDP BEFORE the crisis was approximately $21 trillion. Our economy has shrunk this year by about +30%, and our debt is at $27 trillion. The math simply does not add up here. 27/21 is around 130%. And when you take into account a 30% reduction of GDP (27/14), the GDP to debt ratio is over 190%. What 107% debt ratio are they talking about? Our national debt has grown to such heights that today every US citizen is born owing $80,000. Meanwhile, our collective mortgage debt stands at $13 trillion, corporate debt is $10 trillion, student debt is more than $1 trillion and consumer debt exceeds $4.2 trillion. At a time when the government, in its wisdom, has just completed a program to pay over 30 million workers to not work, the "false economy" tag sticks like glue. Today, the illusion the economy continues to work its way forward is completely based on "government deficit spending" coupled with the Fed's very easy monetary policy. Much of any perceived growth is because all the money being printed has to go somewhere. Sadly, economic growth does not guarantee a healthy economy. Every dollar created is debt. That's the problem. You can't fight too much debt with more debt. The Fed is getting ready to say, Hold my beer. What prohibits the Fed from in one keystroke creating every dollar necessary to pay off all the debt? The dollar would be crushed, of course, but there would be no debt. They will never pay the debt off. They will just continue to devalue the dollar and see how far the military can maintain dollar dominance. Money is already beginning to lose its meaning. It's really quite simple. Money can be printed, but wealth cannot be. Printing money only serves one purpose. To transfer wealth to the bank cartel. Inflation and debt distress assets, which are then bought on the cheap by the bank cartel with money created out of thin air. And yet you still do not want physical gold or silver in your portfolio! Invest in anything that isn't fiat currency. Who could have predicted the QE was flowing directly into the stock market. It seems the FED had plenty of "tricks," not tools to keep inflation at bay, using an SPV with Blackrock to literally BUY junk bonds and put them on the FEDs balance sheet? They are out of tools and tricks- unless they go FULL Fascism and just own the entire means of production...of which is the lowest since WW2. From here forward, all this money printing will wind up in the hands of the public and, unfortunately, will see the massive inflation. Be careful what you wish for. It will not be pleasant. One thing we know for a fact is that the trajectory of debt over the next few decades is far, far higher and is also why it is virtually assured that the US will not avoid the one trigger event that on previous occasions has EASED an unsustainable US debt burden. And that is war! 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

👉The Mother of All Tech Bubbles is Bursting - The Big September Sell-off has Started

👉The Mother of All Tech Bubbles is Bursting - The Big September Sell-off has Started






Stocks are plummeting with tech and growth among the hardest hit in the worst sell-off of the summer. The NASDAQ is cratering. Dow ends more than 800 points lower. Looks like a stampede towards the exits. The tech Bubble is now Bigger than The Dot Com Bubble. US Stock Market Cap to GDP Ratio Reaches 190%, Eclipsing the Dot-Com Bubble High. Big rallies often come to an ugly end .Nothing goes straight up. It looks like the markets might finally be facing reality. Many people need to be reminded that bubbles don't last forever. The markets won't keep going up forever. At some point, they will simply plateau and finally start going down. It's was already trading like a Ponzi scheme.Nobody was selling , just enjoying the paper gains, and getting high euphoria on them. Should Dow be at 19k? No. But should Dow be at 29k? Also no. And the tech companies simply ain't worth this much, period. We could have another 10% fall, easily. If people start thinking fundamentals, If the mindset changes from technicals to fundamentals, then this market has further to go down.We could have another 10% fall, easily", Economist Mohamed El-Erian told CNBC this morning. 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 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 stock indexes reached their final target yesterday, which was a top gap fill on the Dow left when it started to tank in February. Nice 5 month technical rally, but now there could be a sell the tops decline down towards the March lows; a lot of gaps to fill. The Nasdaq Composite, which has rallied hard over the weeks, tumbled nearly 5% on Thursday as high-flying tech stocks took a breather. The S&P 500 and Dow Jones also suffered big losses, dropping 3.5% and 2.8%, respectively. Stocks typically face choppy waters in September. Apple Lost $180 Billion In Market Value on Thursday.a rotten day for technology shares. It’s the Biggest Loss For Any Company Ever. And remember the saying: as Apple goes, so goes the market. All the big money sold last week, and all the puppets are left holding the bag, saying to themselves, "I thought I was a genius, my stocks kept going up." Something Big is about to happen.. something about September.... market crash 1929, 9/11, 2008 crash, last year repo market went on steroids, dot com bubble also happened in September... DANG, WHAT'S GOING DOWN THIS SEPTEMBER. The sucking sound of millions of millennials fapping with their Robinhood accounts suddenly crying out in pain. There goes the new gaming console. The unpredictable is getting to be pretty predictable. Drive the market up and run to a safe harbor. Drive it down. Buyback in. Drive it up and run to a safe harbor. And start all over. Sooner or later, the little investors are going to pay the piper when a downturn runs away. The buyers magically appear in the final 30 minutes as usual. The first legalized Ponzi scheme in history can set one closing high after another, but can't set a closing low to save itself—intervention at every turn. Now it begins. 1) Market Drop of 70-80%. 2) Home Equity Slaughter: at least 50%- Delaying Evictions and Foreclosures is a brilliant strategy used by Private Equity, Hedge Funds, & Oligarchs. Treasury Secretary Mnuchin will delay and delay until one day, 20 million houses hit the market with 50 million unemployed, and boomers are 401K's down 50%+. Housing market will implode. The biggest Fire sale of all time. PRIME real estate picked up for pennies. 3) Social Security and Medicare are next. Monster deficit+ no tax base + huge mob of unemployed=Grandma and Grandpa, your livelihood is on the chopping block. Prepare for serfdom. This is how do you transfer the wealth of a country of 350 million people into the hands of 100,000 people? By Central banks' Booms and Busts, and Lies Lies and more Lies. The lie that stocks always go up, that housing always goes up, that social security will be there when you are old etc. This is Neofeudalism and NeoSerfdom. Time for the FOMO and Irrationally Exuberant to get carried out. The big boys figured out that we're nowhere near an economic recovery, and they need to cover their assets.The FED will print money and purchase (inflate) this stock market to infinity. It is a LEGALIZED CHEAT in the stock market game. The Fed is gambling our Social Security money and taxes on the market. I hope they don't lose it on the roulette. It pays 48%, losing 2% overtime It's a Ponzi scheme and totally manipulated by elite players and unnamed bankers who will never be held accountable or responsible. And the population will probably never know what went on behind all those closed doors. The Fed's BUY button is on the bench for troubleshooting and repair. Eight hundred eighty-one thousand additional unemployment claims filed for the week ending August 29 .A number that will later be quietly revised up, as is the case every week, as unemployment claims are now approaching 60,000,000 over the last 24 weeks. 8.4% are no longer reporting unemployed because congress went on vacation and failed to extend unemployment benefits. LET THE GOOD TIMES ROLL. HAPPY DAYS ARE HERE AGAIN! They'll say anything to keep the savings and pensions fully invested in the stock market until the big crash that will unleash the civil war/revolution. Bankers bought/hoarded all the grain in France to unleash the French revolution. Same playbook. The market runs on lies, and sheeple love lies and illusions. The fed and stock market learned how to make money from crooks, and now they are implementing their tactics in today's market. Strait crooks. All to hide massive financial fraud. Federal Reserve Bank is robbing the Treasury. Corporate bonds and mortgage-backed securities are junk. So they sell to FED. Money reform is coming. Argue about anything you want! It is like before any other bloody conflict. Money reform! Your wealth will cease to exist in one way or another... Blame the other side! The system has been gamed since 1913 against you. The middle class was the cartilage between the rich and the poor. It is pretty much gone now. What happens next is predictable. Serfdom for the masses is the goal of the elites. You will have 0.01% who are the oligarchs. Another 5% will be government enforcement with the weapons. The rest will be living the Hunger Games and be depopulated. It is going according to plan. The economic chaos is threatening the market value of equity held by the six mega-corporations owned by the Too Big To Fail banks. The bankers are exercising the covert ownership of the FR Board of Governors, Inc., to protect their equity. The Fed’s increasingly strained attempts to rationalize ever more aggressive monetary policy via ratcheting inflation targets higher are pure sophistry. It wants easier money to keep Wall Street product prices levitating and enable big spenders in Washington. That any part of the mainstream financial media can take it seriously is a testament to its willingness to abandon any pretense of critical analysis. I think the Fed Needs to redefine itself to the World as a Standalone Nation Banker that no longer holds responsibility or respects the Citizens of the USA. They are just the Casino House. It's all they can handle. But they will have to find someone else's Money to play with. And what the hell of a Ponzi scheme it is. The market breadth is in only six stocks! SIX!!! Watch as yields rise. It begins to turn. But going back to 1928, when stocks rose 5% or more in August, and the June to August return was top 25%, the market often struggled in September and October. If it was a relatively normal year minus COVID19, social unrest, high unemployment rate, election year, then I would take heed to these pronostications. But this is not your grandfather’s stock market. Everything is fair game for 2020! Here's a scary thought. In September 1929, a young new stockbroker in Pittsburgh named Richard Lerach took his small inheritance and family money and invested it all in the booming stock market. He never saw what hit him. I am thinking of a bad mix between COVID, US debt becoming higher than GDP, real unemployment might be that 940,000 or maybe a million. Housing prices and rent are going up, yet eviction is on pause. People are getting their bills late, loan rates, and the dollar losing value. It takes time for all of these things to affect the economy. It just so happens that it started in March it took six months for this monster hit now. I think more of a correction to reflect what is happening in the US. It will be mathematically impossible to control the debt. The US will eventually default; the dollar will be worthless. FED and government have no cash. US is trillions in debt borrowing money from the future by issuing IOU to banks at 0% interest..no free-market capitalist economy would do that. The U.S. trade deficit unexpectedly surged 18.9% in July to $63.6 billion from an upwardly revised $53.5 billion in June. This is the widest trade deficit since 2008. Trump promised to win on trade. Instead, we're losing big-league. Inflation can be easily tamed by raising interest rates. As we know, to bankers, raising interest rates is like forcing vampires into the sunlight. So now we have the worst of two worlds—ever-increasing debt and near to zero interest rates. We thought it was bad when we realized the purchasing power of our dollar was cut by 98% since 1915. But The Power That Be don't see it that way. They just plod ahead and do their most damn to devalue the dollar by another 98%. If all the interest on all the debt is eventually owed to you, you can keep devaluing currency through debt creation until the cows come home, and you'll end up owning everything and everybody. 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

👉The FAANG Bubble Bigger than The Dot Com Bubble , TSLA Bubble Ready to Burst

👉The FAANG Bubble Bigger than The Dot Com Bubble , TSLA Bubble Ready to Burst





The FAANG Bubble now Bigger than The Dot Com Bubble , TSLA Bubble Ready to Burst US Stock Market Cap to GDP Ratio Reaches 190%, Eclipsing the Dot-Com Bubble High. It is up 1.2% today. There seems to be no end in sight. The Nasdaq is in an almighty bull market. The Nasdaq won’t stop going up. The indices are going up and up every single day, without good news and even with bad news. The entire stock market today is being lifted by just a handful of stocks. It looks like every single dip is bought. Prices bear no relation to earnings. Just half a dozen stocks account for more than 50% of the index. It’s way too geared. It’s going to crash. FANG Stocks Up 400% Since 12-31-2014, S&P 500 Index ex-FANGs up 35%, S&P 500 Index up 45%. Take that in for a minute. $100 invested in the FANG stocks (Facebook, Amazon, Netflix, and Alphabet is worth $403.90 through yesterday. In comparison, $100 invested in the S&P 500 ex FANG is worth $135.12, and $100 invested in the S&P 500 is worth $145.31. Five years and nearly five months. If you were to equal weight, your exposure to the four FANG stocks, your gains would be even better. $100 grew to $522.43 over the same period. The point here is that just four stocks are driving returns of the major indices – especially the cap-weighted indices. At the end of April 2020, FANG stocks represented 16.38% of the S&P 500 Index . Add in Microsoft and Apple, and together the FANMAG stocks represent 21.38% of the index. It is the large over-concentration in just a few names that are cause for concern. FAANG contributed about 358 Basis Points of incremental IRR to your S&P 500 total return over the last five years. FAANG outperformed the market significantly, starting in 2016. FAANG is an acronym that refers to the stocks of five American technology companies: Facebook, Amazon, Apple, Netflix, and Alphabet (formerly known as Google). Welcome to the Technocracy . All Your Base Are Belong To Us. The six horsemen are looking wobbly this AM. But algos swooped in to buy the dip. The pumps fire up at 10 AM sharp, and the manufactured gains resume. Another day of fraud in the first legalized Ponzi scheme in world history. I keep hearing: don't fight the Fed. To that, I say, read Ponzi Nation by Edward Chancellor, February 07, 2007. Chancellor predicted both the 2000 and 2008 crashes, and he places much of the blame on the Fed's easy money policies. Ask the people who paid $1.2 million for an New York City taxi medallion because they were buying a government-supported monopoly. After the advent of Uber, they lost 85% of their value. That's the problem with buying things you know are overpriced based on the belief of government support. What the government giveth, the government can taketh away. As I said before, I'm going to enjoy watching this bubble burst. People need to be taught a lesson that wealth actually requires hard work, not just printing and bubbles. There is an old saying: It's all about the economy stupid. Our nation's economy has already crashed .Nearly 60 million unemployed, the biggest decline in our nation's GDP ever seen, federal deficits and Federal Reserve balance sheet skyrocketing, and federal spending is now far higher than incoming tax revenue. Yet here we are in the Twilight Zone where none of the economic factors seen the impact Wall Street , which is now totally disconnected from Main Street USA. One hundred eighty-five thousand virus deaths and trillions of government and corporate borrowing, and millions of people not paying their rent or mortgage now. Nothing matters here in the Twilight Zone. All I know is I won't buy in at these prices no matter how high they go ,unless earnings literally double. Circuit breakers will be igniting like fireworks. Not to mention that the Fed's liquidity is becoming less and less effective. Sooner or later, investors are going to learn that markets are bigger than governments and central banks. It will be exciting. Everyone is expecting a drop. What they're not expecting will be the magnitude and quickness of the drop. Right now, we're at the end of a Jenga game. Everyone knows that the entire financial system is unstable, but is hoping for a few more rounds to let someone else knock the tower over. But when everyone KNOWS their stocks are overpriced, they'll all try to sell at once and blow past their sell stops. We've seen this game before. The market is on such tenuous footing that I guarantee most will not be able to get out when a large drop starts. I'm serious. We could have a 30% drop in one day. 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 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. Tesla is a sign of things to come. It certainly is demonstrating what a busting bubble looks like. Tesla now has a greater market cap value than Toyota, Volkswagen, GM, Ford, BMW, Mercedes Benz, and Hyundai combined! Those combined car companies sell over 60 million cars per year and Tesla around 500,000. You do the math on the craziness of Tesla's valuation. Tesla investors think that Tesla is the only car company present and future that can and knows how to build a car chassis, body, and put a battery pack underneath it. Seriously the Price to Earnings Ratio will never fill in the value proposition unless Elon musk becomes emperor of Mars .Which is ironically more likely than Tesla valuation making sense. Tesla is down 25% on news that the company's largest outside shareholder Baillie Gifford, is reducing its position in the company. And this just one day after the stock split, and the company announced plans to sell up to about $5 billion in new shares. A mere coincidence and absolutely not insider trading at all.Sarcasm! Parabolic chart, parabolic stock. Like the Dutch tulip frenzy so long ago, Tesla will descend. This company is a total con. But like apple, there is no shortage of ectomorphs willing to buy its crap. Too many idiots and too much free cash in the market. The vampire squids of Wall Street have been frontrunning the mom & pops, with a very modest PE of 1222.47, especially for a company that has never been profitable ,and likely never will. Tesla's stock has already soared about 500% in 2020, and the company is now worth about $475 billion. Elon Musk, with a net worth of $115 billion, is now the third richest person in the world. He is now richer than Facebook CEO Mark Zuckerberg. But the richest man in the world is now Amazon's Jeff Bezos. Bezos will just buy robots faster. They don't get sick, pregnant, tired, hungry, or vote. No PMS, cramps, mood swings, morning sickness, nor HR complaints. No salary, no lawsuits, no unnecessary opinions, no ethics, no whistleblowers, no coffee breaks, no lunches, no corporate gatherings with the underclass, no motivation talks. But how about the customers? Who the hell needs customers when you can have an obedient army of robots. They also don't consume cheap plastic from China either. Bezos is hardcore. His workers don't get pee breaks. They get low pay and stand for twelve hours a day. They can't form a union. If you think this is just Amazon, you are a fool. Not a single major corporation wants its labor force organized, and most of them have people actively engaged in undermining those efforts. Of course, it's a lot easier under a global economy and when dealing with third world countries that don't care about their own people. This is the #1 priority of the Human Resources department at every company. It has been that way since the '70s. It's no secret. Stocks relying on dumb money (Tesla, Apple, Zoom, and the likes) will be in for a reckoning, sooner or later. Forget earnings, ok, but P/S above 20 is not sustainable. With tens of millions unemployed, and countless businesses gone for good, the heavy hand of government continues to pile on. State and local governments are looking to raise taxes in this environment, and the Federal Reserve, the enabler of big government, intends to escalate the counterfeiting of dollars on top of the trillions already created out-of-thin-air. More taxes and higher prices ahead, which makes for more economic heartache for the American people. Stock market volatility is affecting the dollar plunge. You cannot count consistently to the dollar for your investments in a market that remind Las Vegas better than a place reflecting the economy you would like to be part of. Wall Street misread the shape of the recovery. Stupid Wall Street! There was never any recovery. The entire nation's economy is bottom bouncing! We have been doing this since 2007 because none of the problems were ever fixed since that time. All the pandemic done was to simply expose the fact that there is no resilience to our economy. They shut down the main street and put them all out of business, forcing the remaining consumers working at home, with free cash flow, to buy at the online stores of the mega-cap companies. Goes a long way in explaining why we are screwed, because the dead half of the economy can no longer sustain the consumer purchases that the FANG stocks depend on. Depression 2.0 has started in earnest. The trend is a slow melt-up ( during the next 8-12 months) with increased volatility due to the increased uncertainty about P/E expansions.Which has similarities with a kind of valuation ,revolution. Any corrections do not change the long-term upward trend because very powerful forces, i.e., over liquidity from central banks and governments, the capitulation of the short-sellers, and the extreme optimism that has momentum right now as long as the big global stimulus treatments on the real economy continue ;and there are improved news on therapies and global economic activities. Anyway, be prepared for bigger turbulence at the time of the US presidential election! The volatile melt-up in 2021 will cause real headaches for central banks and governments who must continue to stimulate the real economy (2021-2022), but at the same time, their stimulus measures also stimulate even the stock market in an unintended way. I love how people needed a pandemic to realize that the economy doesn't need to grow in order to have higher stock prices. Large investment firms, banks, and corporations manipulate stocks in many ways without having to worry about increasing earnings: Buybacks ;Pump and dump Slingshots. All of this behavior happened before the pandemic and is now being completely backstopped by the federal reserve. It's literally a Ponzi scheme. It's also why quick stock growth can hit a wall at any time and drop like a lead brick. It depends on the actions of the large firms and the policies of the central bank. This is why the stock market needs to crash, so we can focus on the real economy and why the federal reserve needs to be dissolved back into the treasury. Industrial economies should always come before stock markets. If they don't, you just have financial manipulation and debt pyramiding with grotesques amounts of "money" that moves quickly on computers. But when you have politicians who stake their re-election on high stock prices, and whom themselves are invested in the stock market, the cycle continues. And people are surprised to see social unrest right now! Wake up and focus on the real people screwing over the entire economy. They are small in number but control trillions in wealth. If you stay invested in equities - you will be broke. It is the biggest bubble in the history of the world. It is just a question of how long central banks can keep it propped up. People say don’t fight the Fed , but free-market forces are a couple of trillion times more powerful. Entrap banks are like ants running around in front of the biggest steamroller in the world!! 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

👉Prepare for Inflation And The Failure of The Present Monetary System

👉Prepare for Inflation And The Failure of The Present Monetary System






We just had the best August for the Dow since 1984. Maybe we should shut the country down more often. Wall Street operates in a different world than Main Street. Main Street is mired in a deep depression now, along with the effects of the pandemic, and Wall Street seems to be little affected by it. For years Wall Street has almost zero to do with the real economy of the US. Another million filing unemployment claims again this week. And that's called wonderful in Fed's Bizarro World. The Fed will just keep on printing. We are entering the final stages of a debt collapse. This is not a stimulus. It is Modern Monetary Theory in action.Helicopter money. And my bet is it's going to be PERMANENT. Well, until they totally debase the dollar. 10 Trillion dollars of freshly printed money directly into the pockets of billionaires was not enough. 2 TRILLION MORE is on the route. Crumbs to the unemployed and middle class with at least 3/4 of the freebies going back to CORRUPT Wall Street, Banks, and Corporations that ALREADY got trillions in the bailout and to bankrupt states and local governments. National debt at least 30 trillions to end 2020. It is the cliff shaped like a V. You can see the bottom of a cliff; it is more like an abyss. Whatever goes up, must come down. It's just a matter of when. The US economy is now 100% virtual. Our currency is next. The dollar index continues to decrease. It fell below 92 earlier today and is now at 92.07. Doesn't look good for the Federal Reserve Notes value. I think we need another 10 Trillion to the criminal banks. Inflation will destroy the dollar and the economy. The Fed just changed the rules for inflation target calculations. It will no longer focus on keeping a lid on inflation. Inflation is now everywhere. I see it first hand. Gas, Food prices, property tax, health insurance. The true inflation is much higher than the doctored numbers they give out as official. Unlimited Federal Reserve Money Creation and Federal Government Deficit Spending Are Triggering Major Domestic Inflation. If you have FIAT savings and cash, then you are losing 10% a year, and it is speeding up. If you are then locked into that system, your purchasing power based upon that value is falling fast. We need a sound dollar they we can count on and to not be robbed of our savings by The Fed through zero percent interest rates. With Dollar Debasement Intensifying, Holding Physical Gold and Silver Protects the Purchasing Power of One’s Assets. Turn those depreciating dollars into gold! 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 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. All building up to the greatest world market collapse this world has ever experienced. Temporary layoffs will, and are currently being replaced by permanent layoffs. The housing market is doing great due to the 401K early withdrawal penalty being withdrawn and rock bottom interest rates. The retail market is doing great due to stimulus checks and $600 extra unemployment for staying home, and the belief more stimulus is on the way.The payroll protection scam, I mean plan, and of course, the most important factor, the wealth effect created by all this free federal reserve money inflating the markets. All part of the plan. The higher they can secretly drive the markets up, the better their plans will come to fruition. And what is their plan? Taking down the world economies and leaving them totally at the mercy of the international banking system. And they will gladly come to our assistance, but we must first agree to accept their long-desired one-world digital currency.Out with the US dollar, and in with the one world currency. But first, they need for us to get into just a little more debt. So they will wait until after the next round of stimulus passes. And by that time, even the dow jones will be above 30,000 for the first time ever. The collapse will be gradual at first, then catastrophic. Next year we should start witnessing the true nature of this pandemic plan when all of the markets will collapse. And does anyone notice that even though the main street has collapsed, that the media hardly covers this, or creates any sort of panic because of it? But when wall street collapses, it is the end of the world? And this is all by design. The collapse of our economy is, for the most part, being kept from the public. When wall street collapses, and they collapse all of the markets, then the media will create another pandemic like panic. And then the world economies will collapse. And this is because of the power the stock markets have over our consciousness. The wealth effect, which keeps people spending like there is nothing wrong, will turn into a poverty effect, and money velocity will collapse. We should start witnessing the first stages this year, and an apocalypse next year. All this is just a conspiracy theory, but it may very well happen. In the meantime, the rich will continue getting richer, and the poor and middle class will continue to get poorer thanks to the federal reserves artificially inflated stock markets. Sugar daddy Powell is supporting the 1%. All those Federal Reserve purchases of corporate bonds are supported ever-larger increases in stock-buybacks. We gave $27 trillion to the Bankers & Wall St in 2008, and no, they did not pay us back. They then foreclosed on millions and stole their labor & lives for pennies on the dollar. In March 2020, they got another $18 trillion, ie, Big business, bankers, and Wall Street, no strings attached, and no accountability. And some pissant claims being forced to work from home. IF YOU STILL HAVE A JOB and getting the necessary equipment to keep the said job is less important than paying for services???? Four months of $600 a week cost us $25 Billion a month, totaling $100 billion over four months. We pay $404+ billion a year on the National Debt (not including the new trillions given to the wealthy elite corporations, et al.) MEANING...we kept 26 million people from becoming paupers in our own nation for less than it costs us in INTEREST. This country is ruled by the Fed, big banks, and big corporations. The Fed is pumping Bezos and Musk's net worth to absurd levels, killing the free markets, and hyperinflated the US Dollar. That Monopoly money is great! Until all confidence in the fiat currency is lost. How long can this game go? You just pull 2.3 trillion out of the air on top of all the other stimulus, and it has to go somewhere. Fiat does not exist in and of itself; it lines someone's pocket eventually. The Fed should hang a mission accomplished banner on their building in DC. They have helped the wealthy by sacrificing the US dollar! I think the vast majority of people will feel sick that the top 1% and tech billionaires have all been bailed out again at the expense of the main street. The stock market at all-time highs while people lose their jobs and businesses. Excessive currency production invites the price inflation of goods and services. Your dollar today is worth 50 cents tomorrow. There is no correlation between US stocks and the real economy. It took almost 3years for markets to bottom out after the Tech bubble burst. What goes up must come down. The stock market has become a wealth transfer mechanism. It has nothing to do about investing anymore. Capitalism died in the 80s. When corporate stakeholders make money via the stock market, they write checks to the politicians. So there is a parasitic symbiotic relationship large corporations and politicians with the Treasury and the Fed as enablers. The politicians / Fed / Treasury only panic when the stock market tanks, not when millions lose their job. The side-effect of this in-your-face bottomless corruption is huge income inequality.Which leads to the violence we are seeing. The lower class has no more hope for the future. They now can only hope for a societal reset through violence. Meanwhile, the middle-class has and continues to be eviscerated and joining the ranks of the lower class. The whole place is now a house of cards on top of a lit powder keg, but politicians and their corporate enablers keep back-slapping and congratulating each other on a job well done and laughing about how they've shafted the little guy. This is the result of a society that fundamentally rewards sociopaths. They are now at the top of society and control all the levers. Removing those levers from their hands can't be done peacefully anymore; it is too late. They have too many layers of enablers protecting them. What this means is that whichever way you look at it and whoever ends up being the elected figurehead in the white house, this can only end in extreme chaos and violence. Once you have the reset, it will take another few decades for the sociopaths to rise to the top again and for the cycle to repeat itself again and again and again. There is no solution to a fiat currency system that must grow geometrically in order to continue to make the interest on the past fiat debt payable. If the growth in the fiat currency supply were to slow down, let alone end or worse, reverse, many debts nationally and internationally would default, resulting in worldwide greatest depression. As a result, the promises of future purchasing power held in these various forms of IOUs just vanishes into thin air. The world was set on this path once our money system was disconnected from the limits of the real world, like two tectonic plates building up strain between themselves. This strain energy will be released at some future point in the form of an earthquake. The longer this strain builds, the greater that future energy release will be, and the smaller the random event that kicks it off will be. The realignment will occur via two complementary but opposite forces. The first force will be deflation and default in everything you own or are owed, especially assets that increased in value due to the overexpansion of easy money and other forms of leverage. The second force will be inflation in everything you planned to purchase in the future with what you incorrectly thought was wealth now largely gone in purchasing power terms. This inflation is largely brought about the government’s attempt to retain its sugar daddy status and thus remain in power, i.e., money for the people, and backfill the currency loss of these assets, like pension funds, etc. It’s simply an acceleration in the new currency that even now helps to keep bubble asset prices growing, the period of time we find ourselves in now. As always, those that get this new currency first benefit the most at the determent of the vast majority. The only way to limit your exposure to these wealth destruction forces is to hold your wealth in real things and not IOUs or bubble assets. Real things, like self-sufficiency and easy to store things you’ll need in the future anyway. Once you have maxed these out, put the rest into physical gold, not to be confused with ETFs, which are legally just another paper IOU. If you want, having a few chips in the casino is not a bad idea as it’s anyone’s guess as to how long this Ponzi scheme can go on. Just remember to maintain your ratio of real wealth to casino wealth. In this way, if you say your casino wealth doubles, maintaining that ratio will cause you to sell some of that casino wealth periodically and place it into real wealth. These bubbles can go on a lot longer than you think, and while they are running, they are a great way to build up your real wealth. Real wealth, like physical gold, doesn’t grow like casino wealth. It just sits there like seeds unplanted, just waiting for the right time. All good things come to an end, though. The failure of the present monetary system will simply bring about the next one. Over and over again, the next monetary system restores balance with the physical world by utilizing physical gold as its primary reference point for all other things of value, including the new currency. Why physical gold? Because throughout history, it’s been produced and yet not consumed and thus just accumulates. It’s also not needed for anything important, like food and energy that are produced in order to be consumed, and thus, gold’s price can be entirely arbitrary without affecting the lives of the common man or commerce, like doubling the real price of food, for example. Gold is just a simple counterbalance and reference point within the currency system that enables the flow of real things of value throughout the complex and dynamic supply chain. Of all 92 elements to choose from, gold possesses the best physical representation of the concept of money. 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

👉The Fed Printed 13% of GDP Just This Year & The Trade Deficit Surges 11.7% !!

👉The Fed Printed 13% of GDP Just This Year & The Trade Deficit Surges 11.7% !!






Americans are already revolting and defaulting. Cities and states facing a one trillion budget mess. The U.S. trade deficit surges 11.7% in July. We just got the largest drop in QUARTERLY US GDP ever in history. The US Economy Contracted 31.7% In Q2. We have printed so far 13% of our GDP just this year to pay for the pandemic and lockdowns. Millions of SMEs are already near or in bankruptcy. Larger corporations soon to follow. But it's a totally different world in Wall Street. Job losses surpass 200,000 at global firms; with more to come. Furloughs turning into permanent cuts. Global corporations have announced more than 200,000 job cuts or buyouts in recent weeks.MGM Resorts International , Coca-Cola and Boeing were the latest examples on Friday, joining an increasing number of companies that are trimming their workforce .MGM Resorts lays off 18,000 previously furloughed employees. The Airline industry is threatening to cut tens of thousands of more jobs if they do not get another bailout; this would be their second bailout. United Airlines Cuts Another 3000 jobs, and guess what... Windfall bonuses for executives, stock buybacks to inflate stock prices, and thus, the super V. That should be Kudlow's new nickname, the super V. It's going to take more government money. The problem is they're putting the money in the wrong hands just like in 2009. let's just bail out the billion-dollar firms and destroy the small businesses. Wall Street looks great. Main Street looks horrible. Amazing what printing 3 trillion dollars can do. Crises make the rich richer and drive the middle class into poverty. The middle class loses their jobs and access to credit. The rich have the financial tools to save them. In just last week ,the world’s 500 wealthiest people added $209 billion to their capital. Jeff Bezos topped the once-unfathomable amount of $200 billion. Elon Musk becomes the fourth person in history to join the rarefied centibillionaire club, where fortunes top $100 billion Dollars. All this was fueled by the crazy stock market rally. There hasn’t been a V-shaped recovery with the economy, only with the stock market. This actually puts the stock market in a tenuous position — even with massive amounts of QE. The new Fed Policy is INFINITE low rates and INFINITE money printing. The Fed will support this market NO MATTER WHAT HAPPENS. Alan Greenspan said at the time of the 2008 crash that unregulated option bets were three times larger than the world's real economy. And that led to the crash. I have no clue how large unregulated bets are compared to the real world's economy today. 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 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. Stocks are soaring at the expense of the US Dollar; unlike December 1999, when US Dollar was strong and Gold weak.This time around stocks and Gold are soaring together to make up for the weaker US Dollar .If US Dollar is weakening then nothing else matters. The notion that central banks can keep equity price inflated over the long run despite a collapse in the economy is insane. The market forces will crush central banks like an ant in front of a steamroller. S&P earning will drop below $50/share over the next two to three years. Even the Fed cannot support multiplies of 60+. There is not a long term bull left. The world has already spent every penny that will be earned ($300 trillion of debt) over the next 25-30 years - leaving NOTHING for future consumption and investment. The laws of the universe (especially math) do apply the economics discipline. The inflation will continue permanently until currencies collapse. The market has been busy pricing in future inflation. On a side note, the action has many similarities to the Weimar Republic stock market back in the day. Hold on to some physical metals, I’d say. Become your own central bank. Since 2008, stock market speculation is the Fed's primary and only economic policy. Each market decline has been met with every more excessive stimulus to not only recover the decline but to push the markets to new highs. It used to be about jobs and inflation, but they gave up on those. We are in an economic free-fall, and yet stocks are at new all-time record highs. How can the general public not see how broken this is? The S&P rises by 0.25-1.5% A DAY. +4% is expected by LABOR DAY. By the election, we should see 5000 to 5200 or better. As long as the FED or the government continues to print money, the stock market will continue to go up. The next stimulus checks could push the stock market up another 20%. The U.S. tech stocks are now worth more than the entire European stock market, according to Bank of America. The European market was four times larger than U.S. tech in 2007. We all know how over-inflated this bubble is. Just have a look at the weekly chart of Tesla. It will pop at any moment. Most of these companies haven't had real technological innovation in over a decade. Comparing the small, incremental improvements of the past 20 years with something as transformational as say the invention of the transistor last century is laughable when you think about it. Radio, appliances, airplanes, and mass-produced autos were the technological marvels of the 1920s. That said, they didn't prevent the Great Depression. Guess we will take selfies of ourselves in the food lines with the Apple 12 on 5G. Even Warren Buffet is now warning that the stock market is overdue for a major correction. There is nothing great about this rally. This market has an expiry date in November regardless of results. Hedge and ride it for as long as it will go. Cause the market that comes after is going to look like 1929-1939, with world war possibilities included . China just hacked Tesla and tested a carrier killer missile. When this thing falls, it’s going to fall fast. Remember how Venezuela made all-time high stock records before the free fall? The US just has more room because of world reserve currency and the FED. The inevitable rush to the door will be epic, history-making. The Fed's massive injection of money both by printing money and lowering of interest rates is the greatest theft of the wealth of all time. A wealth transfer in comparison matched perhaps only by the sacking of Rome by the Visigoths or the looting of the Incas by Pizarro. The Middle class would care since it means their 401 K's. If you thought these riots were bad, just wait until the entire Boomer cadre realizes their retirement was a lie. Things are obviously not going to get better. Fifty-eight million unemployed with more huge layoffs coming, 100,000 businesses already closed permanently, 25% of Malls will close ;not counting the individual stores closing in those Malls staying open.A presidential election that will probably end in marshal law.Winter coming with millions expected to be evicted from their dwellings. And a flu season coming that will unite forces with the Covid19. A perfect storm, indeed. Gun sales are up 72%. 40% of sales were conducted to purchasers who have never previously owned a firearm. Nearly 5 million Americans purchased a firearm for the very first time in 2020. However this ends...it won't be pretty. As long as there is a corrupt, elite ruling class in America, this will only get worse. History has proven time and time again that out of control government and bureaucracy leads to a countries destruction and fall. The Fed will QE us into civil war. I guess this is what occupies our minds most. How long can this go on? Can the Fed keep on printing for years! Can this paper game go on for decades more, just as it already has? I seriously doubt that. I definitely would not count on it. They've done a good job of stretching the limits of economic reality for the last 20 years or so, but look where it's gotten us. Zombie corporations everywhere, with wave after wave on the horizon. Unemployment only getting worse. It all hangs together on a pack of lies and fables. And you want to rest confident this shitshow can keep on going for decades? Really? We already see the US Dollar Index fall. There is an alternative that gets more prominence ever. Precious metals. The value of a currency depends on demand and supply. In the 1970s, the US Dollar was so despised that the US Treasury had to borrow in Swiss Francs. History tells us that paper money is a confidence trick. Once confidence goes, everything goes. There is one big issue that is almost never discussed,the secret money printing. Catherine Austin-Fitts discovered that someone created 21 trillion dollars between 1999 and 2015 and laundered them through government departments. It appears that the Fed is so corrupt that it prints money to enrich special interest groups. At the expense of the American worker who has to earn what others print for themselves. I consider this to be one of the most explosive political issues in the US today, and that is probably the reason why the mainstream media will not touch it. The economy is tethered to unbreakable laws of physical reality. The laws of economic reality can be suppressed, for a time, with debt as we are witnessing, but it's like pushing a fully inflated beach ball underwater. It requires enormous and ever-increasing amounts of constant calibrated effort to keep the economy artificially propped up. Totally unsustainable. Breaking point already passed, and it is all downhill from here regardless of what the markets do in response to massive debt/liquidity creation by central banks. When things get better, we will stop the QE and return to normal rates...Bernanke wrote on July 2009 in the wall street journal. It never happened. Central Bankers know how to enter but never know how to exit. They paint themselves into a corner and ask for more paint. 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

👉Apple Market Capitalization is now Bigger than The GDP of Italy !!

👉Apple Market Capitalization is now Bigger than The GDP of Italy !!






Apple Market Capitalization is now Bigger than The GDP of Italy !! Apple, now the most valuable company in the world, has seen its shares more than double from March lows. Technology giant made history on wednesday after it touched a stock market value of $2 trillion, making it the first US company ever to achieve the feat. Shares of Apple, which touched a market capitalization of one trillion two years ago, briefly rose to a high of $468.65 yesterday, taking its market cap to $2.004 trillion. This makes the Cupertino-based company the eighth-largest nation is equated in terms of GDP, higher than the likes of Italy ; Brazil ; Canada ; Russia ; South Korea ; Spain ; and many more. While the world’s biggest oil company Saudi Aramco was the first to touch a market cap of $2 trillion in December last year, the global economic turmoil caused by the pandemic and a subsequent plunge in oil prices eroded its valuation. Apple therefore, is the richest company in the world in terms of stock market value, followed by Amazon and Microsoft and Google. The company’s exponential rise comes at a time when US technology stocks have witnessed a sharp rally. Apple’s stock has surged sharply by almost 57 percent this year, enabling it to overshadow Saudi Aramco as the world’s most valuable listed company. The fresh rally in Apple stocks despite the economic slowdown is a sign of growing investor confidence in Apple. The company seems to be diversifying further and focusing more on services for users like video, music, and games. It may be noted that Apple now accounts for close to 7 percent of the total stock market value of the S&P 500, and its market capitalization is also equal to the combined values of S&P 500’s 200 smallest companies. Though analysts lauded Apple for its rising value, they are of the view that reaching the next trillion will be a major challenge for the company. According to market watchers, the recent rally in Apple’s shares has left overvalued and could lead to a period of stagnation. But whether its value will rise further will also depend heavily on what innovations the iPhone maker plans to offer to the world in the future. Apple stock is now trading at an all-time high valuation. Enterprise value to Sales (EV/Sales) ratio is 7. That means that Apple's current price is equivalent to 7 years of Sales. Investing at these high valuations is speculation and not investing. The Apple Mania is Running Wild. Apple is RIDICULOUSLY, SCREAMINGLY, expensive right now, and I don't have to statistically back that up. It's staring you in the face. Apple is a $40 stock. Take its cash balance of about $200B, divided by the number of shares outstanding around 5 billion. Everything else is hype. This market makes no sense. 2020 has been the worst year in America in my lifetime, yet the markets continue the upward path that started at the end of the second year of Obama's first term and has no end in sight. Runs like this did happen if you recall the internet stock boom in 2000. People are buying up stocks with no other reason than they were going up. Then there was a drastic crash after the valuation of these companies came out. Better to pop the bubble and take the pain now while the consequences will be at least sort of manageable. But if it gets any bigger, the results will be even more disastrous, as will the attempts by the government to prop it back up. I know a crash is coming, and I just want to get it over with. The longer and harder the Fed fights to keep this bubble afloat, the worse the eventual collapse will be. Frankly, I'm amazed at how self-sustaining this bubble has been thus far. APPLE is now worth as much as ITALY's GDP. 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 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. As the market capitalization of Apple Inc rose past the $2 trillion mark on Wednesday, and the company’s value soared to more than the GDP of a host of countries, including Italy, Brazil, Canada, and Russia. Apple, The company led by TIM COOK for nine years now, reached a market valuation of 2 trillion dollars in intraday trading Wednesday.The first US company to hit that mark, after doubling in less than five months. It took Apple 42 YEARS to reach the one trillion dollar market capitalization, but only five months to double. The Cupertino, California-based company's shares briefly rose as high as $468.65 on Wednesday, giving it a market capitalization of $2.004 trillion, and surpassed the GDP of countries such as South Korea, Spain, Australia, Mexico, Indonesia, the Netherlands, Saudi Arabia, Turkey, Switzerland, Taiwan, UAE, and Norway, among many others. How crazy is the world which is blindly chasing such overhyped, less value for money apple products? The Apple stock has exceeded 2 trillion dollars in capitalization: a real record for the American giant. A peak expected by investors, given that for days there was a lot of attention on the group led by Tim Cook. As indicated by the MF-Dow Jones agency, Apple has shown strong momentum this year: the stock has averaged a daily gain of 3.5% since the beginning of June, according to data provided by FactSet, and its activities have been surprisingly resilient in the face of the coronavirus pandemic. At that level, stocks are trading over 32 times the earnings, or 31 times, excluding the $ 81 billion net cash on the company's balance sheet. All thanks to a sharply rising balance sheet, given that the latest figures released indicate a 10% increase in revenues on an annual basis in the quarter ended last June 27, with the stock showing growth of more than 20% since the publication of those results on July 30th. The stock market value of Tim's group now represents a global reference benchmark also because Cupertino actually represents a real independent nation in terms of market valuation. With the milestone reached today, in fact, Apple has a market cap that is higher than the GDP of Spain (1,940 billion dollars estimated by the International Monetary Fund in 2019) and that of Canada (1,899 billion). In this sense, it can be said that the "Apple State" is in 15th place overall on the world scale, behind South Korea (2.319 billion dollars). On Wall Street, Cook does not seem to have any problems whatsoever, but it is on the operational and industrial front that a front that should not be underestimated has opened for days. Video game developer Epic Games sued Apple and Google after the two companies decided to remove the Fortnite game, one of the most downloaded globally, from their app stores, explaining that the developer had tried to circumvent theirs payment systems. Specifically, Epic, requested a restraining order against Apple to prevent the removal of the video game. Apple says that it is responsible for 2.4 million US jobs, and estimates it will contribute $350 billion to the US economy by 2023. The vast majority of those jobs are at one of the 9,000 US suppliers that make everything from testing equipment to specialized parts for Apple's products. There is little doubt that we are in the mania stage of the bull market. In this phase, value is grossly underperforming growth. To keep up, we are accepting of the risks embedded in inexpensive stocks such as Apple. We do this however, with full knowledge of the risks and employ tactical risk management strategies. Apple has the major following issues with saturation as well. 23 Million US job losses and worldwide a lot more ,an estimate of 190 Million. The market capitalization of 2 Trillion is indeed too big. Price to earnings ratio of 25, but with a drop in earning, it may be much higher around 40 plus. 15 to 30 Billion in unpaid EU fines, back taxes, and interest. Average Selling Price is to sink, reducing margins future. Has drained its cash buying back shares but added Debt of 136 Billion. Lack of institutional buyers better values in the rest of the market. Taxes roll back next year. No more Ireland accounting gimmicks, allowed in EU. A global pandemic and record levels of unemployment might impact iPhone sales. Apple is one company that if it were to disappear, nothing would be missed. I still don't know why people even use Apple products. Central Banksters have been proping traders for well over ten years now. Apple is a chosen company. So the central banksters print and bid. It's difficult to fail when a corporation is bid by a bottomless pit of cash. I've come to realize it doesn't matter anymore. Twenty-six trillion in debt and climbing- means nothing. Zero interest and nowhere to go- Means nothing. Pandemic with staggering unemployment means nothing. 50, 100, 500, 1000 times earnings means nothing. Riots in the streets, civil unrest, California on fire. Category 4 hurracane on the way- means nothing. I've come to realize that the market isn't based on valuations anymore, and until the next great depression, I don't think it will. It seems like anyone with money will put it in the market and just keep inflating it up. I don't see an end in sight. Its become an easy way to make money, and nobody cares about value anymore. As long as the Fed is controlling the market, nothing surprises me anymore. When this heroin-induced high is over,watch out. The alternative is we face reality. Interest rates will need to go up to combat inflation. That means housing will take a hit, and stock valuations will come down. Taxes will need to go up to pay for all this printing. Fun times. Apple has reduced its' shares outstanding by over 20 percent since the end of 2017. It had 5.4 billion shares outstanding back then and now has 4.3 billion shares, and despite this massive reduction in share count, it has still only managed to keep earnings at the flatline for the last three years. In essence, Earnings Per Share have declined by about 17 percent a year since 2017, but the market has rewarded this dismal performance of declining earnings and flat revenue growth by making it the most expensive company in the world. Apple has about $28 billion in cash on the balance sheet.The rest is short term investments, accounts receivable and plant value. Flat numbers can be deceiving. Apple is nothing more than a bloated momo stock with severe levels of debt and a shrinking cash hoard, but a wildly inflated price. If you want to buy a company that is clearly in decline, then overpay for apple.I'm sure the end result will be exactly what you deserve. 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

👉De-Dollarization,Cashless Society,Digital Dollar : What's The Future of The King Dollar ?

👉De-Dollarization,Cashless Society,Digital Dollar : What's The Future of The King Dollar ?






De-Dollarization,Cashless Society,Digital Dollar : Is this The End of The King Dollar ? The US Dollar became the reserve currency of the World after a golden century for America, the 1800/1900. The US was the biggest manufacturer, had some of the lowest cost to manufacture, but still had one of the highest living standards, had annual surpluses, very low debt, had amassed most of the gold in the world with the help of joining two world wars at the end with minimal casualties, but just in time to capitalize on the victories and take in a lot of resources, factories, scientists and influence. The Dollar was backed by all of this manufacturing might and capital. Eighty years later, and the US has become the largest debtor nation in the history of the world.Hardly any manufacturing, bankrupt states, pension systems, mathematically unsustainable deficits.$20 trillions were printed in just the last six months. On top of that, the US is now using this currency to put sanctions all over the world and put pressure on other countries. And the US political class is the biggest liability, instead of urgently redirecting their efforts to train the young generations to work and save, they're busy exploring the number of genders, looking for non-existent racism and sexism and rioting against the order. The USA is now in the habit of slapping all kinds of financial sanctions on whoever it disagrees with. The latest US threats of financial sanctions are against Germany over its Nord Stream 2 pipeline from Russia. The USA is now sanctioning various Chinese companies and individuals too. The US dollar isn't just about economics and business anymore. It's about politics too. And in politics, people deliberately try to damage each other and cause all kinds of problems, which is something more to be concerned about, than unintended harm, caused as a side-effect of something else. When people deliberately try to hurt you by design, then this is something to be more afraid of than unintended harm. Because an especially designed harm for your situation and deliberately done is likely to hurt more and cause more damage. And ordinary Chinese probably now feel more comfortable traveling to Europe for tourism and education than to the USA. This could be another reason why they might converting their US dollar holdings into Euros. There is also talk in the USA of delisting Chinese companies from the US stock markets. So overseas Chinese investors might be selling their shares in these companies and converting their money into other currencies. Mixing politics with business is bad for business. And the USA is now mixing politics with business in international trade more than any other country. This is bound to have widespread economic effects. Because this isn't just relations between the two countries, this is between the USA and the rest of the world. Now you will understand why de-dollarization will destroy America and why they will sooner destroy US Dollar opponents if they could. With money already really devalued as well as keeping the corporate-financial scam on its feet and covering lost fantasy bets and profits made out of thin air, they bought real assets to get their asses covered. The real market, not the fantasy one, perceives the devaluation of a currency late and accepts waste paper in exchange for real goods. The scammed are always the same. If the money had given it to the real production system and to work instead of giving it to each other in the corporate-financial parasitic system, the productive system would have had the capital to restructure, and there would have been no serious social problems. It is normal that it went like this: thieves are thieves and do not change. The Dollar in on a direct course with an iceberg. They will all sink together. All fiat currencies live on borrowed time. The dollar is now at its all-time low compared to gold. In simple terms, the dollar is losing value, and dollar debasement is driving up the price of gold. Gold has been around since before the dollar and will likely exist someday when there is no dollar. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely 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 debt market bubble is unquestionably the mother of all bubbles. The larger the US debt bubble grows, and I expect it will grow for years to come, the lower the dollar goes. And the deeper the dollar sinks, the higher gold prices rise. RUSSIA AND CHINA ALLYING AGAINST THE DOLLAR. In 2020’s first quarter, 46 percent of trade transactions between Russia and China were settled in dollars, the first time the proportion has fallen below 50 percent, according to data from Russia’s Central Bank and Federal Customs Service. The euro was used to settle a record 30 percent of the transactions and the two countries used their own currencies in 24 percent of the deals. In 2015, about 90 percent of the two countries’ transactions were settled in dollars. After the U.S.’s condemnation of Russia’s invasion of Crimea and the outbreak of the U.S.-China trade war, however, the proportion began to slip, and Russia and China both looked for alternatives to the dollar to conduct cross-border trade. In 2014, China and Russia formally agreed to give each other direct access to their currencies without having to buy rubles or renminbi on the world’s open market. That in part, prompted a 2019 deal between the two countries to dump the dollar and use their own currencies in trade. The agreement also called for the nations to create alternative payment mechanisms to the international banking communications system, which is seen as being dominated by the U.S. The de-dollarization of China-Russia trade is reaching a breakthrough moment that could open the door to a broad range of agreements and alliances between the two powers. What's coming is digital money and cashless society. With a cashless society, The government will finally have the ability to tax you with extreme precision. The government can now control what you buy, how much it costs, where you can buy, who can buy it. Your freedom will be gone. It will be a privilege, not a right. A cashless society will be the end of freedom for all. Digital dollars will suck the last drop of freedom out of the American people. Full government control will become so easy. You can be restricted from leaving your state. If you violate your order to stay in your state and you get in your car and drive out of it, and you pull over needing gas, your digital money may not work, and you will not be able to fill your car up. Then you go try and get some lunch. Your credit card won't work either in that state. So you are now stuck. If you are blacklisted by the Government, you can lose access to your account and money in a second and not be able to buy even your next sandwich. The cashless society is also implemented for the central banks to charge negative interest on your savings. A cashless society is not going to be as cool as Millenials think it will be. A cashless society would be the ultimate totalitarian tool. We have not even begun to scratch the surface of what evil can be brought to bear with the abolishment of cash. It's not just tracking the bank accounts. It will be able to track what exactly you purchase, then the targeted advertising starts. You buy a crib and get diaper advertising on your phone for the next forever. The powers that be would be able to freeze our accounts at their whim. Obedience or death at a moment's decision. Everyone would know that this would be a possibility and to survive. Everyone would kow-tow subserviently. Financial ostracization will be automated. Rest in peace Anonymity, Cashiers, Bank Tellers, and MANY Jobs. The money printers turned algorithm makers win. The Fed is going to do this sooner than later. To sell it, To make the people demand the Government give them a Cashless Society, they will say it will end Crime, end the drug trade. Well, who doesn't want that !!, and on the surface, it will do that. But in reality, it will increase crime, and won't stop the drug trade. People can't see the harm in doing it, so why not comply. They don't realize that by complying, the bankers will OWN you and can make you do whatever they want. And they respond with the typical Tinfoil hat rhetoric. And cashless is exactly the same, except different Corporations, will own different parts of your life. The cashless society is a direct road to slavery. In the click of a keystroke, you could be eliminated from doing business. Talk about the mark of the beast. Consider the following actual case. When Puerto Rico was devastated by a hurricane, essentially, almost all communications ceased because of the towers being down. Only cash or barter was accepted until communications were restored. Credit cards were useless. A real possibility of a Carrington event could occur again and take down the internet, or an enemy could create an EMP to wipe out communications. The idea of a cashless society is unbelievably stupid, but people will buy into anything. If all money is only a binary electronic entry on a ledger in some bank, what happens in a REAL power blackout? What prevents our overlords from freezing the bank accounts of anyone who doesn't display sufficient loyalty? It's not only about privacy (which is important enough!) but about our very ability to live! The death of Paper & Coins will be the day everyone loses their freedom! The Banks have a hard-on for this - they get a fee from EVERY transaction made. Don't let it happen.Use some cash for small items! The U.S. government has made every value transaction a taxable event. I wonder when government cameras are in the bedroom if you are going to be taxed for every stroke. Also, will your partner will be penalized for not submitting to your strokes, thus depriving the government of needed revenue? We are almost cashless already Now. Any purchase over $1000.00 raises a Flag. Go ask your bank to give you $10,000.00 if you have that much in there, and watch what they tell you. Oh, don't forget the supposed coin shortage we're experiencing now. The coin shortage is being done on purpose. We will be slaves when they control who eats or buys or sells. When electricity is out, there are no digital transactions whatsoever. Rolling power outages. Brownouts and blackouts. Carrington Event. Social Credit Score is not good for those of us who like to do what the hell we want, not what we are told. Hard to find a plastic card after a boating accident. You can lead a human to knowledge, but you cannot make him think. 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