👉Be Ready & Prepare for Hyperinflation, Food Shortages, and Economic Collapse.

👉Be Ready & Prepare for Hyperinflation, Food Shortages, and Economic Collapse.




The longer the people are stuck in their houses, the more the economy gets destroyed. And the more the food supply chain gets destroyed. Businesses now at risk of permanent shutdowns. The majority of service industry jobs are not coming back. Another 3 million Americans applied for unemployment last week. In eight weeks, 36.5 million people have filed jobless claims. So much for that V shape recovery. They are setting us up. People are exhausting their entire unemployment benefits. The second wave of layoffs is coming, and the $600 is gone, and many won't even qualify. Everything is broken or will be broken in a few months. If the virus doesn't kill you, the Government measures will kill you by taking your Job, limiting your ability to work, limiting what you can eat and where you can travel to. The outlook is bleak at best, not due to the virus but due to the government's in-actions and then the governments' actions. Too many dollars chasing too few goods. Lockdown means little or no new production, and consuming what was stored as surplus. The Fed continues Printing lots of dollars. We all start bidding together on the same scarce resources. All of this will result in Hyperinflation. Half the country without income and no goods to buy while the fed squanders trillions. Money being pumped in, the supply of goods is reduced. This can only result in hyper-inflation. Production under quarantine is not elastic, so the money can only pump up prices. We saw this classically in Venezuela, it wasn't so much money printing that caused the issue. But growth in goods and services not matching the money printed. Here now we have the same. Goodbye financial system. This year would see an intentional effort to crash the financial system. No surer way to do it than set in motion hyper-inflation. If nobody’s producing, nobody’s consuming. Inflation is looming! You can't increase the money supply by a third, decrease consumer goods, and not see inflation. Get ready to pay much more for groceries. The stock market is a scam. The lunatics are now totally in charge of the asylum. Stock market charts just show how happy the elites are getting bailed out AGAIN by corrupt Fed. If you invested in this insane market, you are just riding the inflation gravy train. The trend is your friend and doesn't fight the Fed. We are in a gigantic Ponzi scheme for the rich to get richer thanks to the federal reserve. We are just another Banana republic. Just bigger designed to keep the rich rich and in power. This is about bailing out the Oligarchy that is currently running the show. Just throw out a couple of peanuts to the masses to make it look like it's for everyone. Total Shit Show Scam Ponzi Scheme. While the people suffer, the rich are getting richer at the expense of the taxpayers. The billionaires always get the lion share of the bailout. The rich don’t pay the tax. They defer to the upper-middle class. Taxpayers are paying 50%, and cannot get ahead. This is the Greatest Depression. Hope everyone is prepped and ready. Own your abode, gold, silver, stable coin, crypto. Stock up on essential supplies. Get out of stocks, bonds, government bonds. When hyperinflation comes, people will lose trust in the dollar, and the government will collapse. We don’t have an economic crisis because of the health crisis; the economic crisis is a product of how we have chosen to react to the pandemic. The pandemic was just the perfect tool to hide the crimes committed by the FED. Their goal is to destroy the middle class and small and medium businesses. The land of slaves and sheep run by banksters. Money Printing is a Hard Habit to Kick. Depressions are planned. Inflation is planned. Wars are planned. Workers and taxpayers exist to provide the monarchs all they desire. The central banks are privately owned and in business for personal profit only. They care only about increasing taxes, looting the treasury, rigging the markets, robbing the pensions, etc. This Depression will be horrific beyond belief & we are already in an extremely depressed state. If you are really looking forward to widespread looting out of control, then I do hope you are ready and totally prepped with years of food supplies. Crops harvests are disappearing already in a bad way. This is it global one-world tyranny behind the mask of a virus(notice the word mask). It’s here—planned economic destruction. A country that consumes much more than it produces, financed by ongoing money creation, will have more money chasing fewer goods and services. Once the initial shock wears off and the recovery begins, the inflation will begin to show up – and it probably won’t be limited to the share prices of money-losing “story” stocks. Trumps have been trying to starve the Chinese with the soy deal, and most of their pigs died. Similar situation with locusts appearing over most of the Middle East and East Africa. Forest fires wiped out a lot of Australian livestock. People often forget that grain is a commodity on major exchanges, though mostly irreverent in the age of QE and ZIRP. Globally, food prices will rise, and wages will decrease, meaning more food insecurity. The real killers are if environmentalists try to cut down on farming by letting the land they still control through trusts lay fallow. The population control agenda was always best fulfilled by famines, disease, sterility, and abortion. Royals may try and bank on Royal land ownership by artificially increasing food costs. Inflation is certainly coming at food prices since the supply is being cut now. Can't imagine other things won't follow as demand picks up and supply dwindles. Do you think many of these baby boomer run businesses are going to restart after this? No way. Global trade is going down, and that means less supply at higher prices for the things people will need. Remember that because of the grand solar minimum, farmers/ranchers have already been getting slaughtered. Hunger will return with a vengeance to the world. I have been concerned about this since last year, when half of all the fertile farmland in the midwest was underwater, and crops couldn't be planted. Now, this. It's going to get bad, REAL BAD. When bank accounts are seized, and pantries go bare, expect social unrest. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. The price of food is up 2.6% in one month! Prices U.S. consumers paid for groceries jumped 2.6% in April, the largest one-month pop since February 1974. The spike in supermarket prices was broad-based. The price of the meats, poultry, fish, and egg category rose 4.3%, fruits and vegetables climbed 1.5%, cereals and bakery products advanced 2.9%, and dairy goods gained 1.5%. We were told food prices were going up because fuel prices rose years ago, they went up and stayed up. Today fuel in the toilet, but food still going up! What gives? Used to be food was always cheap, even for the poor. Those days are gone sadly. Price inflation, for food, is here now. Inflation comes in various flavors: money supply, prices, assets. One of the bizarre aspects of the global depression resulting from the coordinated shutdown of most world economies due to the coronavirus pandemic is that we have experienced a collapse in both aggregate supply and demand. But if demand drops that far, the economy is in a death spiral. I’m trying to imagine the government staying out of it. Can’t see it. We will see helicopter money like never before to get people to buy “stuff” to support the economy. In other words, any deflation that appears is going to have huge wads of cash thrown at it. Inflation is only the only way the Treasury will be able to manage their way out from under the debt load. They can retire debt at a discount using cheaper dollars. It was successfully accomplished some 80 years ago. We have fewer things being produced, and fewer services offered with an increased quantity of money regardless of the fact majority went to bail out the crony capitalists. Fewer goods/services chased by increased supply in money means inflation when velocity increases. And it's global, not just US. Australia, for example, implemented a package worth 20% of GDP specifically aimed at Main St . Japan's policies largely escalated in the last eight years, it's not a relative comparison. The first clue will be with large devaluations in the yuan followed by others. That's when you know the tide is coming in. Hopefully, most here will be stacked and ready already when that occurs as early as later this year. Rather weird how the dollar and financial system is on the brink of collapse (the only thing keeping it afloat is the massive money-printing), which is what has artificially sky-rocketed the stock market, while this new virus emerged in China recently. Just waiting for it to mutate before it spreads like wildfire and has a high mortality rate, thus, deflect away from the Bankers who engineered the coming financial collapse, fleecing of the masses, and eradication of the middle class. So when the next 1918 Spanish Flu-like or worse, pandemic hits, everything will come to a standstill, including distribution. Thus, the markets, banks, and dollar will collapse. The perfect way to escape blame for actually causing the collapse by their fractional reserve Ponzi scheme running since 1913, which is inherently designed to fail. The money supply doesn't exist. It's all digital. That is why money velocity is still low. It doesn't trickle down. If all currency inflates to remove the debt, that means the debt itself also doesn't exist in the first place. The system is basically just a glorified raw material extraction from the third world to the first world, while the first world is debt slaves because the money doesn't exist. You need debt to have money. And then the business whatever the F you do doesn't have traffic, because there is no market, so there is a need for even more debt. Our system is debt-based. That means money is borrowed into circulation. Banks lever 10 to 1, which means they have 1 dollar for every ten they loan out. When that $10 loan is deposited into a bank, the receiving bank can now loan $100. Now there’s $110 owed (debt) backed by $1 of real money, and the cycle never stops. They do this to enslave all of us. The problem eventually is there’s too little real money in the system. This pandemic is used to distract all of us while they sure up their slave system by dumping trillions into the economy. Remember, it’s not just the US they are dumping money into. All central banks are one private corporation, and they are injecting cash into most countries. This is what’s going on. Country’s have a right to print their own money, and they don’t need to borrow it from a private corporation to use. The elephant in the room that NOBODY EVER seems to notice - let alone address - is that economies function from the bottom up, but "money" flows from the top down. If the top and the bottom have similar goals (advancement of society and standard of living for everyone), then the top-down approach possibly can work. If the top has goals that only seek to improve the standard of living of the top - at the expense of everyone else - then the issuance of "money" can never possibly "fix" any economic malady, as the malady is CAUSED by the group that receives the "money." Until governments truly embrace the mission of improving society as a whole, we are doomed to suffer repeatedly worsening crisis - ultimately leading to conflagration. Of course, governments need to be held to account. Society has naively believed that voting will right previous governments wrongs, but history has shown that not to be the case. The United States was sold to the "top" officially in 1913, with the rest of the world selling out to the Bretton Woods agreement when they were extremely weak. Until the fed and Bretton woods are abolished, and private central banking outlawed, absolutely nothing can be "fixed." If anyone is still under the illusion that voting is going to accomplish that (sadly, most are), then the world is doomed. If the world is to survive and progress, then the people of the world will have to make demands that cannot be rebuffed. That doesn't mean "protesting," which means force because that is all the power that understands. We have five possible scenarios ahead of us: - A Russian scenario: (revolution). - A Zimbabwe scenario: (hyperinflation). - A German scenario: (revolution followed by hyperinflation). - A Serbian scenario: (hyperinflation followed by the revolution). - A Venezuelan scenario: (hyperinflation followed by foreign invasion). There is also a Hungarian scenario: (hyperinflation followed by more hyperinflation followed by fascism and then nazism). A wonderful time is guaranteed for all who own a bunker. We have never been closer to a hyperinflationary event as we will be when those checks hit the streets. The Fed cannot keep monetizing this debt. People want to hoard toilet paper, but not gold! Can they not see the coming hyperinflation? More money and fewer goods. Do the math. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!



















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

👉Post COVID Monetary Reset- Get Ready for Digital Dollar, Digital ID,Digital Yuan !!

👉Post COVID Monetary Reset- Get Ready for Digital Dollar, Digital ID,Digital Yuan !!



Things will never be the same again. This pandemic is being used to cover up something far more sinister. They are bringing in the new monetary order. The reset will involve a digital world currency. That's the plan; Digital currency, because cash is getting too dangerous. In reality, they will be robbing you of all your freedoms and privacy. Last month, Bill Gates went viral in several controversial interviews advocating mandatory digital ID as proof of coronavirus vaccination as soon as a vaccine is available. Gates has also funded research to create digital personal ID vaccination tattoos to make proof of vaccination visually and electronically apparent. He has also long advocated a cashless society using digital ID. The cattle must be branded to ensure the wealth of the elites isn't contaminated by personal liberty. This digital immunity certificate sounds awfully similar to the New World Order scheme to chip the population. In China , they've been working on their central bank digital currency and we're starting to see the first rollout now of the gold backed digital Yuan. This is a global reset in the financial system. Unlike The Dollar ; The digital Yuan will be effectively backed up by the massive amount of Made in China goods and services – and not by a transoceanic Empire of 800 Bases. And the value of the digital Yuan will be decided by the market – as it happens with bitcoin. The digital yuan, using blockchain technology, will automatically float – thus bypassing the U.S.-controlled global financialized casino. China is on it, but the US, UK, Russia ,and India are also on their way to launch their own crypto-currencies. The U.S. dollar is backed by millions of taxpayers and debt slaves worldwide who need it to keep people with guns from harassing them. Bitcoin is backed by scarcity and mining cost, a cost which is usually increasing. Mining cost is energy, so it is backed by energy expenditure. I suspect digital wallet/currency controlled by the very people that control it now. At that point, if your social media score is too low, they turn off your money, and you get to starve. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Shut downs gave the Fed Banking System time to flood and destroy the US Dollar and thus destroying our debt to China with infinity worthless US Dollars. Degrade a currency sufficiently, via hyperinflation and collapse of the banking system, and people will eventually look for alternatives. But that’s generally the sort of thing that has to happen. Almost always, these currency substitutions occur only once the existing currency has become deeply compromised. Even then, the thing people naturally reach for is an existing, trusted currency – often the US dollar – rather than some entirely new unit of account. When currency substitution has occurred naturally, it’s almost always done so only after the incumbent currency has been debauched by hyperinflation. They want two things. Privatize currency and suppress cash; For more control. That is what they crave - control. Money in and by itself is not what interests them. They have enough of it and only see it as a tool to control the masses. The same goes for governments which is why all systems are set up to entrap people using debt. Freedom (both personal and economic) is the enemy of this agenda so any politician who talks about freedom for people is lying. Most of them stay clear of that and instead use relative terms like equality, fairness etc. Knowing full well how people can be equally enslaved. governments exist on the fact they can use inflation to borrow and spend more than they actually have. Politicians will never give up the ability to kick the can down the road. It just not politically expedient to be tied to reality. The reason that the economy is so sick is not the coronavirus. It is because of everything the government did before the coronavirus. The economy was sick long before the virus infected it ,and the air was already coming out of the bubble because the fed tried to do something that was impossible . Which was normalized interest rates with an abnormal amount of debt. They got everybody hooked on the drug of cheap money. And then tried to withdraw the drug from the market . And then obviously we went into withdrawal at the end of 2018. That's when the Fed came back and said, okay , we're going back to QE, we're going back to rate cuts. But then we got the coronavirus which acted as the pin that pricked this massive bubble. The reason that the economy is so vulnerable is because we're broke and leveraged to the hilt. Corporations are levered to the max. They've been borrowing all this cheap money from the Fed; they've been using it to buy up their overpriced stocks. So they didn't have any savings. Now the government is having to bail out the states and corporations with money we do not have. It's the people that support the government, not the other way around. But we're pretending that the government can support the people and the businesses by using a printing press. That all we have to do is print money. We're about to find out the hard way that the most expensive way to pay for government is through inflation. There’s no sign that the extraordinary monetary policy that is undermining the dollar will end ever. In fact, the markets are starting to bet on negative interest rates by the end of the year. Negative rates will rob the middle-class BLIND only to transfer wealth to the rich, and the Wall Street banks. The banking system does not create wealth. It steals wealth through deception. President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the U.S. central bank have said they do not see a need for rates , now near zero, to move into negative territory. If we’re just going to shelter in place, and we’re going to dole out money, and we’re just going to run up trillions and trillions and trillions in annual budget deficits, how much longer is the dollar going to hold up? How much longer can the dollar stay afloat when we’re basically sinking it? We’re basically daring the world to dump the dollar. What is the Fed's endgame here? They must know that the source of their power is the value still left in the dollar. I don't believe they're unaware of the fact that they're rapidly running out of road here. I'd love a game theory kind of breakdown of the Fed's options . Personally, I think the thing that makes the most sense(from their perspective) would be to get congress to eliminate cash and, once everyone is forced into digital dollars, institute negative rates. They could do this under the cover of a national UBI rollout to get the public to swallow this change without too much resistance. The End game is hyperinflate, the transition to e-currency. The Fed has enough dry powder to backstop everything and blow one more crazy big bubble. When we all get universal basic incomes, that's the beginning of the end. When the bubble pops, it's going to be the worst recession since the great depression. We're going to have trillion dollar deficits . We're going to have 20 percent unemployment. This is going to end in complete catastrophe for the dollar. We can't kick this can down the road anymore.This thing is going to implode ;and it's going to implode soon. The party is going to end. The dollar is going to crash. And we're going to see the cost of living go through the roof. Now, we're at the end game .We're at the real crash.This time we're going to get a dollar collapse . We're going to get a sovereign debt crisis. The party is going to end. All the the amount of inflation which is the money printing that the Fed is creating now which is unprecedented in scale,is off the charts. The deficits are exploding in a way never seen before. All this is going to end in complete catastrophe for the dollar. Everybody can get a check from the government; but what happens when that check doesn't buy anything. That's the crisis that's coming. The stimulus doesn't work. It is actually a sedative. The Markets would correct themselves if left alone with no bailouts. The cost of government is what it spends. Government spending is actually taxation. Every dollar the government spends is a dollar that we have to fund . The government causes the recessions with the policies that it uses to get us out of the last recession. And instead of allowing the free market to cure the economy; government intervention makes it sicker. The Government is too big, debt has been too high for decades and money is basically worthless. I personally don't think any government has the courage to do what needs to be done so we can truly have a strong and stable economy. The U.S Government in cooperation with the Federal Reserve , is running the largest Ponzi Scam in the History of Civilization ! the Government has been spinning blue verses red while heisting the American economy . The one percent richest crippled the economy by this global pandemic agenda to lockdown everyone, heist millions, and invest it all into the stocks and electronic money . The present and future is a direct consequence of bad government decisions. We are in danger of total social disintegration and societal collapse from the scum that rises to the top of this cesspool of a swamp. This pandemic is being used to defer blame from a financial crisis which enables the wealthy to stay wealthy and in power while they hyperinflate to minimize the debts of the people. The working class is working for free because of the elected lying thieves. Remember, when the debtor owes the creditor so much, it’s the creditors' problem as they only care about losing the nut. Politicians are actually the pandemic we have to get rid of. George Orwell once said : "A people that elect corrupt politicians, imposters, thieves ,and traitors are not victims... but accomplices". Businesses aren't going to come back . Jobs are not coming back. We're in the greatest depression. They closed down our economy, with no exit strategy. Shutting down our economy because of a "virus" was like us committing suicide to save ourselves from the burglar who just broke into the house. The goal is to crash economies and currencies so the banksters could bring about a monetary reset with a new system designed to replace the debt based fiat monetary system the world has been on since 1971 with a new cashless digital only system. Very few are willing to go through the market pains that will be required to fix this failing ship. No one wants to be held responsible for the poor decisions they financially made. Why would they agree to be accountable when they see the government being so irresponsible? The country is in complete financial dismay. The US has been setting the example for its citizens by living beyond its means ,by using its ‘global credit card’ to make purchases it can’t afford thinking it will pay as it goes. However, there will come a time when the US will hit its maximum credit limit and will have to pay the consequences of living beyond its means. This is decades in the making and it will not be resolved over 1 or 2 four year term(s). There needs to be a 15-20 year plan to set the economic cycle correct with the proper parameters. The government is enabling laziness by cuddling the needy rather than teaching the needy to be self reliant. People will transform themselves into the environment they are living in. It is survival. If there are no handouts, people will need to find a way to survive otherwise they seize to exist. In a way, it is Darwinism. Of course there will always be those looking for the easy way by cheating or stealing but that will also need to be addressed. Today’s politicians are too short minded and public pleasing. And the public is too dependent and lazy to want to make any real sacrifices to encourage any change. They feel they are “entitled” to be provided for by the government. Hopefully, after the aftermath of financial destruction, we will form a new political party that can produce a legacy of leadership of single purpose for the livelihood of the country. Enabling people to work hard and progress their lives rather than wait for the 3rd Friday of each month for their government check to come that barely gets them by, but still free is better than working for it (in their minds). The Banksters as lenders buyers of last resort, eventually OWNERS of it all , as is their destiny since creature was born on Jekyll Island 1913. Debt creation INCREASES their power, they are loving every minute of the present pandemic. We know there will be a massive devaluation of currencies against gold , and that is going to mean higher prices for everything and food shortages. The question is at what point does this tip over into civil unrest and disorder. How different will life be after the reset? The reset usually means that working people end up poorer. It looks like the last 40 years of unprecedented personal debt is coming to an end which is rather like an alcoholic, suddenly ending his relationship with drink. Does this mean for the average person the priority will be food, electricity, gas ,and internet and Eckhart Tolle videos and everything else is a luxury? In case you are still confused about the virus, this is the globalist's attempt to WORLD domination. What you see now is the federal reserve buying (stealing ) equities with toilet paper dollar. It is NATIONALIZING the WORLD economy under the world government. The only vaccine I see is reinstating the coinage act of 1792, which provided the death penalty for counterfeiting. God bless the Founding Fathers. Don't squander the inheritance and keep your powder dry. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

👉Is UBI The Shot In The Arm The Economy Needs or The Ultimate Deception ??

👉Is UBI The Shot In The Arm The Economy Needs or The Ultimate Deception ??





As people are asked to stay home and to follow social distancing rules . It is predicted automation and AI will be on the rise to replace many of the jobs lost. Jobs will be vanishing as automation, and an army of robots march into our workplace. The idea of a universal basic income (UBI) has recently resurfaced and risen to prominence in global policy discussions, with strong arguments from both proponents and opponents. UBI is defined as unconditional income granted to each citizen, irrespective of work criteria, or a means test. A NEW SURVEY SHOWED, IN FACT, 76% OF ALL AMERICANS, BOTH DEMOCRATS AND REPUBLICANS, SUPPORT A GUARANTEED INCOME. The problems that UBI are supposed to address are real and concerning. Automation is replacing labor at an alarming rate. There simply are not going to be viable jobs for thousands or millions of people. Even Henry Ford understood that if he didn't pay his employees enough, they wouldn't be able to afford his cars. He understood he needed to spread the wealth to keep the system going. I don't have a bit of faith that "government" could devise or implement a rational solution, but UBI proposal sounds interesting. There are reasonable arguments to be leveled in good faith against the UBI platform, which Andrew Yang has dubbed “The Freedom Dividend,” but what was once considered a utopian pipe-dream is beginning to sound more plausible in light of the unfolding tectonic economic and technological shifts. Once you have fouled the monetary atmosphere with QE to infinity, why not print up some more for UBI. UBI works wonderfully with people who naturally work and enjoy benefiting their community. If you do not feed people, they always start a revolution. If you do not give the people land to grow their own food or the means to earn it, the same. It doesn't matter how you twist the legal system in favor of the rentiers; if people don't eat, they revolt. Now, reconsider UBI in that light. The fact remains that the majority of low wage jobs now have the employers breaking the law left, right, and center. Consider how much people in those jobs care about the law when it clearly does not help them when they are wronged. Even the unquestioned Roman Caesars gave out a UBI when there was no work or land to be had. The reason why UBI makes more sense than giving money to wealthy individuals and corporations: Empowering hundreds of millions of people to spend and invest creates a VAST capitalist market. Giving it to a tiny fraction of the population to spend and invest is an ineffective anti-capitalist oligarchy. The government and FED already give free money to corporations: Corporate Basic Income or CBI. Plus, wealth inequality and the pharisee power base continue to grow without UBI. So I can't see what the deal is. Without UBI, no one will be able to buy anything because no one will have any money left, so it's a choice between pitchforks and UBI, so the elite are choosing UBI. I'd personally prefer to take the pitchforks up, but don't make the mistake of thinking there are any other alternatives. Trump recently said that he is not interested in another stimulus, at least not in the month of May, he wants to wait and see what we, the peasants, do with ALL the money he gave us the first time! In the last two months of lockdown, I guess he thinks $1,200 is a lot of money! That doesn't pay a month's worth of rent or mortgage ,talk about utilities, insurance, food, necessities, car payments, etc. etc. I'd like to see him live on that for two months! We need more stimulus payments. His rich corporate friends got their bailout! " A no strings attached income," you know, like the $484 billion they handed to the 2000 largest corporations and 200,000 richest families. The Fed has DUMPED over $33 TRILLION into Wall St since 2008, and the BAILOUT had $4 TRILLION for BILLIONAIRES AND MULTINATIONAL CORPORATIONS, but real Americans get a pittance. Anybody that thinks our government isn't owned by the BILLIONAIRES is LIVING in dreamland. The one percent are given a guaranteed income in the millions. When Yang proposed UBI, Trump called it welfare. Now Trump is giving out welfare, but he calls it stimulus. The UBI would make workers less dependent on their employers and more willing to competitively seek better employment, but if the minimum wage is removed and UBI becomes the floor for lunch cable income, this would lower the barrier of entry to employing people on both the employee's side and the employers allowing smaller companies to more easily risk hiring people that they have not had direct experience with. UBI would actually benefit employers in the long run. At least the employers who are not trying to maintain absolute power and control over their employees and abuse them. UBI would allow folks to stay home during this epidemic, giving time for the government to manufacture the masks, testing kits, and systems to trace this epidemic. A "universal basic income" when many still have not received their stimulus checks. When millions still cannot register for unemployment assistance. Coincidentally, many large corporate institutions received their stimulus payments on demand, while those who really need assistance are waiting in long food handout lines simply to survive. Most Americans would use the additional income to pay off the massive debt they have incurred because we are being robbed blind bye the rich every chance they get. It would allow people that are stuck working two jobs to maybe quit one of those jobs and see their family's again. Republicans say they are concerned with keeping the family unit. One of the main causes of divorce is financial difficulties. Doing this stimulates local economies. It redirects the money that would have been given to the Billionaires by the government back into circulation. It makes a not-insignificant portion of the population irate that minorities might get something. What I do not understand is why this is even a THOUGHT and not being passed RIGHT NOW !!! UBI of $2,000 dollars per month will allow people to meet their BASIC NEEDS such as food, water, shelter, clothing, etc. Therefore LOWERING the crime rate because people do not have to do STUPID stuff to try and survive. People are NOT going to sit on it they are going to SPEND it, therefore stimulating the economy in a MUCH more healthy way then Stock Buybacks, which is nothing more than artificially inflating the stock market ONCE AGAIN !!! When people actually BUY an item, it is a MUCH more genuine way of raising the stock value because of the simple fact that it is ACTUAL Demand instead of Artificial Demand OR Artificial Value. And it takes MANY jobs for that item to go from : 1.) simple material sent to the factory. 2.) assembled in that factory. 3.) delivered to a retail store. 4.) bought by someone. So instead of just buying Artificial stock that will rise and POP again by buying ACTUAL items. It is creating MORE jobs because it is an ACTUAL item that is being mined for resources, assembled, delivered, and sold. And ACTUALLY demanded not from the top BUT from the BOTTOM where it ALL begins !!! UBI is here to stay. Many jobs will disappear after this crisis, and re-training people takes time. This is the only fair way to take care of our citizens and bring back our economy. The same people who don't support UBI will never mention unlimited cash bailouts for derivatives ghouls, finance capital parasites, and zombie bankers. Bush did it, Obama did it, and Trump -the ersatz populist - turned these massive capital flow distortions into stealth permanent economic policy. Andrew Yang's UBI recommendation is now actually feasible. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Horrible that the US is so quick to give money to other countries & Businesses, but place hurtles for the common American Citizen to get through the worse crisis in American History. Imagine getting money for doing nothing, like Donald Trump, the Koch brothers, or the Walton kids. The free markets are already destroyed. The economy we deal with is a government-controlled system. Most of the real work is done by machines. The government does not work, yet it is huge. The system is so distorted by government intervention that people don't even know what is going on. The fact is there would be huge motivation to work for more money unless the universal income was too large. How long will it take to get to get back to the world before the Coronavirus? Some think never. They have good reasons to think like that. Many companies, airlines, cruise lines, hotels, retailers, elements of the service industry, and more will have disappeared, unable to weather the storm. Unemployment will remain high. Marry this to the impending tsunami of technological innovations of artificial intelligence and clever machines just waiting to swamp our manufacturing and service industries. Who will need expensive and unreliable humans? Sure there will be jobs for a handful, but for the vast majority of us, who come to the workplace needing occasional sleep, and go to the bathroom, get sick, and want vacations! Thank you, and goodbye. So what's going to happen to us. It’s already happened to tens of millions, principally the ones whose jobs have been shipped abroad over the last two or three decades. The ones who turned in their desperation to the only savior they saw, and are desperately hanging on to his false promises of bringing jobs back and making America great again. Will we all be left to die without food, shelter, or health care? Probably not. So what to do? Get rid of the money. There are other and better ways of exchanging credit. Hopefully, a system which will curb the ridiculous ambitions of a few lucky or ruthless individuals from cornering the market and stashing billions in offshore accounts. All fit and able folk will be tasked with community duties for which they, together with the unfit, the young and the old will receive credit. Probably in the form of digital currency. The system will be geared to encourage individual enterprise and learning for extra credit. There will be a base level of housing, and health care below which no individual will need to forgo unless they so choose. It's impossible for me to realistically envision any other system except a sort of dog eats dog dystopia. Why is it we the people have to beg for our tax dollars to help us, but the rich just ask once and get it? For the last few years, Amazon, Delta, & other Big corporate hustlers Paid no federal taxes. And, they should have been cut off that Careless Act Bill for Covid19. It really included Nothing for US taxpayer, but giving tax breaks to greedy, entitled minded businesses. A Basic Income for six months would help out now! Raising Wages to $20 an hour after the Economy gets better and Taxing the Wealthy and Corporations on 75% of their profits offshore and stateside will pay Everyday Americans back! They Have benefited In the Trillions of Dollars in the last three years! The American People want that money back! It will be time for companies to cut CEO paychecks and reinvest in the Workers again! Placing trillions into the hands of actual people vs corporations ensures that those trillions will absolutely trickle up as we all utilize the bucks to pay bills, buy groceries, get cars repaired, etc. Even if we just banked the cash, it still is circulating as loans then to help the economy. The way I see it, corporations want to keep people in debt and poor and have the trillions put directly into their hands, bypassing the citizens. Give the dough to the people. The big businesses will get it all eventually anyway. Corporations have shown they will spread it throughout their top management while cutting lower-level staff. If people received it, they would spend or invest it in the economy in some fashion, so it would help for a short time. If Americans want to stimulate the economy and boost recovery, UBI will help enormously. Yes, we will always have people who will spend frivolously, but the majority will use this money to meet their basic needs. Economic security will also stabilize society in many other ways as well. There is a lot that has been written about this. Also, even if people made stupid purchases, the money would still be going back into the economy, Food bills, and rent, and not to some offshore bank account. The elderly, The infant, and the disabled all deserve the freedoms of the bill of rights. These people are paying taxes, give them something. Those that can't contribute the strong take up the slack of the weak. We don't leave them to die. The money that would go to the people that need this, would be coming from the wealth that these very same people have generated for the economy. And will go back into the very economy that generates it. It's not like they are just going to sit on it, they will spend it in that economy. Workers are being dropped regardless. Automation is coming with or without UBI or minimum wages. If you read Chinese news, you will know that hundreds of thousands of Chinese workers are losing their jobs to automation. Even cheap Chinese workers are being replaced. Read the writing on the wall. What do you think will happen to more experienced American workers? Unlike the coupon clippers of Wall St., who send their money offshore. Wealthy people have guaranteed income from all kinds of sources, and they do not have to work one tiny bit for it. Funny thing is the 0.1% cried out for "UBI for corporations." Let's see where this goes. In the near future, Over 46 Million Renters will end up homeless. Over 85% of apartment buildings and rental properties will be empty, and 4 out of 5 houses will be vacant by 2021. The wall and wall street got all the money. The Government Bailed Out Insurance Companies, Big Banks, Car Manufacturers, Airlines, etc., but is not willing to Bail Out million of Renters. Canada did a basic income experiment in the mid-'70s in Dauphin, Manitoba. They were hoping for positive results. What they got blew them away. Crime dropped, SIGNIFICANTLY. Calls to fire, police, and emergency services dropped. Doctors' visits dropped. All the kids made it to graduation. There was maybe one teenage pregnancy, and so on. Everyone was happy and content. Sadly, an election saw the change in government, and the study was shelved. It was called “mincome” if you want to look it up. UBI Gives the economy a boost. It will benefit everyone. Trickle up economics. This is absolutely what we must do if we are serious about restarting the economy. Supply-side economics is BS. The economy is driven by consumer demand. If consumers are broke, there will be no demand. The recovery will be slow, slow, slow, on the scale of years. The top 20% in just 2019 alone, received more than $4 trillion without "working for it" . And that does not seem to impact their willingness to work, or not work. It is past time to trash the notion that getting a UBI will condition people to be unwilling to work. If they had been appropriately taxing the rich and giving people a living wage instead of having 1% people unfairly sitting on billions that we all helped make; then we would have been able to weather any shock to the economy. Because people and the government would have been able to save for times like these. The Super Rich make millions and billions without working. They get huge tax breaks. But give a poor person some money and some people go crazy saying this is socialism. Universal Basic Income with a nationalized Federal Reserve, Zero Trade deficit, and release of the suppressed technologies. Like Lithium Batteries that were ready for market in the 1970s. There is so much the tech Cannibals have kept hidden from the public. It is about time USA citizens get real economic security as we have it in Europe. Fourteen other countries are doing it, and they aren't as rich as we are. Isn't the U.S. supposed to be the wealthiest country in the world? It’s not money for nothing; it’s keeping people from poverty. We need this for one year straight, at least. The money would go back into the economy somewhere or another. If we can afford to give trillions to banks so they can maintain their lifestyles, we can afford to give money to poor people so they can have something to eat. While people starve, Amazon is still shipping products and paying no taxes. Brilliant! We spend WAY more than we should on corporate bailouts and breaks. We also WAY overspend on the military. It’s time for the people to get a bailout! The corporations have been subsidized. Now,. It’s time to subsidize the American people! Don't Forget the Homeless. They Need Food. They Are Humans too. People need basic needs met in order to have a future and improve their skills, study, etc. The government can pull trillions of dollars out thin air for airlines, cruise ships, and other corporations and then grudgingly give the peasants $1,200 and saying "make that last eight or more weeks." Those airlines and big corporations will still go belly up until customers have money to spend on them. Give the money to the people to spend on what they need. Sitting on the economy, hoping to squeeze every last penny from the people alive today, is neither ethical nor savvy. You want to make money? Support the system that supports you. No billionaire ever really made it all on their own. They needed the pocketbooks of millions to make billions. The elite and one percent love watching the working class, hate on each other, and blame each other, as we fight over the crumbs they drop. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!



















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

👉Housing Market 2020 Doomed to Crash -- Mass Exodus out of the Big Cities like New York !!

👉Housing Market 2020 Doomed to Crash -- Mass Exodus out of the Big Cities like New York !!





The recent pandemic and resulting lockdown have been an absolute shock nationwide. Travel, hospitality, retail, entertainment, and other industries have been completely devastated. Unemployment is currently 20 percent, and benefits are only beginning to trickle out. The housing market is slowing. Nationwide property sales have slowed down. It is much, much harder to get a loan now than it was before during the high of the frenzy thanks to the passing of the Dodd-Frank Act. The entire real estate market in this country is in trouble. That's what happens when after 2008, you have Fannie and Freddie hide 5-7 million homes (shadow foreclosures) and print money like there's no tomorrow. Anybody that thought there was a valid economic recovery since 2008 needs their head checked. Oh, and fake pumped-up numbers and markets don't matter to me. And Don't Forget the Bernanke Wealth Effect of purposeful Bubble Pumping and Forced Manipulated 5000-year lows in interest rates and over a decade of ZIRP. You could see this bubble miles away, but it's taken a lot longer to blow than most of us thought. And The worst is yet to come. In New York City, the nation's largest real estate market, the pandemic has caused a number of deals to go bust. In Manhatten, the real estate market, is basically frozen right now, with a record low number of sales and contracts. New listings are down 70 percent over last year .contracts that were signed before the lockdown are being broken or renegotiated. We have 67 contracts canceled in march and 43 in April for Manhatten alone. The Average price cut in April is between ten and fifteen percent. Brokers expect prices to fall up to 20 percent or more. People are fleeing to the suburbs. The big cities like New York are becoming death traps and an overtaxed dumps. Corona was a small test run of what can and will happen. Smart people are leaving big cities entirely. New York City is priced for simpletons anyways. It is basically the west coast Hollywood, just like Orlando. Way overpriced and over-hyped, only a money-focused clown would buy property there recently. It is a town to flip the property to gullible people who think saying they live in New York makes them superior to their family and friends. COVID-19 is another reason to stay away from big cities like New York. These are one of many problems with a big, overcrowded city. As the economy moves increasingly online, it will be an ever greater strategic disadvantage to be located in major cities like New York with its high taxes, high cost of living, and oppressive regulatory environment. The future looks highly distributed. For this reason, the long term outlook for commercial real estate in places like New York City can only be mediocre at best. Quality of life and many other advantages await those who are first movers. And the exodus to the countryside has begun. Fanny May is currently predicting a 15 percent decline in home sales for 2020. But the Elephant in the room in this market is the rising unemployment rate, like anything we have seen before. Income does not support housing prices, and Hyperinflation ! The income of the people is not rising along with inflation and housing prices. Most people make $50k or less; therefore, my question is, how can a family making that supports their family and purchases a home that is $250k or more. Foreign investors in Air BnB’s have made housing unattainable for the average American Family without being over-leveraged or in the hood. Unemployment could linger or worsen, and if the shutdown goes on too long, many businesses are not going to make it. They will go bankrupt and are not going to rehire. That will make the unemployment situation even worse. That may lead to tenants and landlords defaults. Defaults and foreclosures could become a problem. Many may need to sell. People who are jobless and can't find employment,over-leveraged AIR BNB hosts with no guests in their properties. If a lot of the inventories come on at once, it is going to be bad for sellers. Default could become a trend. Look at that to start happening in the winter, spring months of the next year. The sellers will be competing for fewer buyers, which means they may need to lower their prices. The people who have homes are delusional and don't want to face the harsh reality of a zero interest rate economic crash. There would be an increase in foreclosures going into 2021, because not everyone will get their job back. The market place and consumer spending will take five to four years to establish a normal equilibrium at best. The party is over. Foreign investors will lose a lot of real value in their investments. The tsunami wave just started. 2021 will be the turning point. And despite the low-interest rates, the banks are putting up more strenuous requirements from buyers, so there will be fewer buyers. Loans are almost frozen right now, due to the liquidity issues on the back end. For the time being, the loans are almost impossible to get. Most banks have raised the bar by adding overlays such as 20% down or a 720 credit score. At a time when people are behind on their mortgage payments, car payments, insurance, etc. Their credit scores will also go down, and very few people will be qualified for a home mortgage. We are just at the start of this pandemic. Many businesses will go belly up; unemployment will probably settle at 12%, and a market that is already 15% above the 2006 peak isn't likely to continue the unsustainable climb, especially with tightening lending practices. Rates won't be climbing anytime soon. I say wait it out; inventory is gonna be growing. This is just part one of the pandemic. Part 2 is just around the corner. Hold on to your unmentionables because it is going to get real ugly. Investors need to be cautious in this world, currently full of turmoil. This dip is going to be very deep and will last for a very long time. Do not let caution paralyze you with fear of making the wrong decision, but don't let greed push you to make a purchase that you will soon regret. When the time is right for you, purchase a home that will enhance your life and the lives of your family. The purchase price should not be the only factor. Mortgage lenders over qualify people for homes they can't afford. Most millennials can't afford to buy or refuse to, in this predatory market. Buy now, and prices will eventually sink, and then you're stuck in the damn house if you want to move because you'll have to bring tens of thousands to the table to close the deal on an upside down-home. Have fun enjoying your "fundamentally strong" real estate "store of value" when a loaf of bread goes to $18, and you'll have to take out a home equity loan to buy a lawnmower from Home Depot because runaway inflation is what happens when you backstop everything by printing unlimited amounts of money. I hear a lot of people comparing 2020 to the 2008 crash. But did we have trillions of dollars printed out of thin air to give tens of millions of Americans free money back then ? Airlines shutdown? Thirty-five million on unemployment and continue to rise. This is a worldwide catastrophic crisis, not just affecting one country. I know it’s hard to tell, but this is a recipe for disaster. With 35 million unemployed Americans, compared to 2 Million unemployed back in the 2008 recession, this is a lot worse. Wait and see what happens with insolvencies and foreclosure to CAPITALIZE! The real issue is how fast people run out of the money they didn't save. Real estate lags about 9 to 12 months. Wait till next year, and you will see a major drop once over leverage people start defaulting. Interest rates and stimulus can go far, but at the end of the day, if you don’t have a job, you’re not going to be looking for a house to buy - no matter how low rates go. 1 out of every 15 homes in America is in mortgage forbearance. Those payments don’t go away. I don’t know anyone who thinks this will be a V-shaped recovery. Nine Million single-family landlords , and Air BnB houses are going to be the trigger to set the cascade. People are way overextended on their Mortgage payment already, took out A HELC HOME EQUITY LINE OF CREDIT, maxed on credit cards. The consequences will be felt for at least a generation. Over half the households in America cannot even come up with a $400 emergency fund. I don't see how the majority will come out of this unscathed. We were in an overvalued housing market before this, and I think it's unreasonable to expect it to go on forever. Then there is the tax aftermath factor. I believe real estate taxes will soar as the government looks to cover its losses. Homelessness and hunger are going to be a huge problem going forward. If you're thinking of buying a house, DON'T. The housing markets worldwide will fall to below fair market value before rebounding to a TRUE value, which is at least minus seventy percent from current levels. I honestly feel bad for people who are loosing what little equity they have in their houses in the first place. What I see at the moment are people attempting to pass the hot potato. Beware, DO YOUR RESEARCH and don't listen to Realtors. They are SALES DRIVEN. AGENT'S ARE NOT YOUR FRIENDS THEY WANT YOUR MONEY. Asking a real estate agent if it is a good time to buy is like asking an alcoholic if it is a good time for a drink. Do not trust them. The banks are poised to take your home. Banks' job is to screw people. Their goal is to have people lose their houses in foreclosure and then buy all with fake dollars created out of nothing! The housing market is done! The next shoe to drop will be the financial meltdown of the banks. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Ugly. But this is just the beginning. Nearly anybody with the option will now be working from home. Many jobs have no reason to exist. Some folks are about to be surprised. How much business is superfluous?' How much of the economy is unnecessary? Gonna be a replay of 2008, jobless recovery, just throw a whole segment of the population out of work, with no hope of ever getting back to where they were, Another wealth transfer underway, no doubt. In hindsight, it is clear to me that the 2008 downturn was pre-planned and totally orchestrated. Just like this one. The 2008 jobless recovery was designed to do just that. It put permanently displaced from work 15% of Americans. The 2020 event will add another 15% of the population to permanent joblessness. When Universal Basic Income is rolled out publicly, 40% of the population will be on it. Then more and more as robotics and AI take more sophisticated jobs away. The Fed can't print money forever. And the housing market curve cannot keep going up forever. There is distress all over the planet in all shapes, levels. It's going to have all adverse effects worse than in 2008. It's a buyers market for yet another decade all over. Millennials have held back on homebuying, with prices so high, and jobs so unstable, burdened with student debt, why tie yourself to a property when you could travel the world with a laptop living the digital nomad life. Millennials will welcome a crash and wait for it to crash instead of buying. That alone, after all of this, will become a self-fulfilling prophecy. Many were already priced out of the market. They have underbuilt entry-level priced homes, and now they'll have to massively underprice the higher end homes, so they have buyers or the investors will have to underprice them as rentals to stay afloat, but many will go under that were over-leveraged already. Investor and foreign buyers are not going up or going to come back quickly, they know there are fewer people wanting to take the leap into a bigger home or first time home, and it's going to be months before they likely will, long after the buying season and the deflation of prices . And once they see deflation in price it will spiral down as they wait for them to hit bottom because no one wants to buy too soon in a depreciating market. The number of people losing their jobs in the service and retail industry permanently, Air BnB super host, immigration halted, money printing, the bond yield curve, nonprime borrowers, and their lenders possibly going bust, artificially low-interest rates it's been on its way to correct for a while. The repo market mess, no reserve requirements, the Fed buying so many mortgage back securities, it's getting a little crazy in banking, which causes uncertainty as well. The stock market volatility is causing uncertainty. Many first time buyers use their 401K's to buy homes. Since the prices are so high and now may change their minds. They may plan to save for a down instead and wait for the soon to be retirees who will want to get out of the market as soon as possible, as they are unsure of their pensions and stock investments gaining value and won't want to miss out on what is left of their home's equity, so they are able to stop working. Tourism towns are going to go bust, property values there will likely be affected, the silver tsunami is on its way as boomers want to get out of the market before it tanks which will increase supply, new construction has been halted on some projects already. They know what is going to happen, builders will be affected. Nearly all new buyers are going to wait at least six months to see where their employment situation, 401Ks will be. They will wait out the housing market to see if they can get a better price, not to mention waiting to meet the new requirements that are getting stricter by the minute. Builders and people in great need to sell will start dropping even more in price, lowering the home values around them. It is not hard right now to find listings dropping by 20 to 40k below the original asking price already. The debt bubbles have been driving the economy. Wages have been outpaced by the insane home price gains of the last four years. Most won't buy now and will wait . We saw what happened in 2008, and although there haven't been ninja loans, there has absolutely been nonprime lending in the residential and commercial real estate lending. Demand won't stay high enough to keep the bubble from popping. Rents are too high to be kept stable during this time, and due to the lack of entry-level housing created, their prices will have to come down if they want tenants. Jumbo loans are incredibly hard to get now, they will need to lower prices, and it may start a trickle-down effect. At the very least, a 50% correction in the bubble areas. The housing market always reacts slower than the stock market. The Fed can manipulate monetary policies that may influence the stock market, but it can't change the public's confidence or the lenders near as easily. This is especially true for the younger generation that is waiting for it to come back down to reality. If the older generation decides not to sell soon, betting that a worldwide recession and massive disruption to all markets, won't affect their home's equity, they may be working into their 70's to afford retirement, which will be heartbreaking. On average most are cash poor and equity rich. Let's hope they don't take a huge gamble with their futures. That they make the prudent decision to profit while they still can. Now is the time to sell, hold cash, rent, and buy later. Or sell and buy outright somewhere cheap and rent where you are working, then move in when you retire. Age demographics, especially with immigration halted, are not in a good ratio to support the real estate and stock market to stay afloat. The silver tsunami is crashing forward soon, and it's time to get ahead of the wave. It is the consumer that our economy stands on, and there is just way too much lasting turmoil being caused by COVID for confidence to come roaring back to near the level it was. Many were already predicting we were due a correction and recession this year, which is also in the consumers' mind. Bubbles pop. This one is overdue. They don't go on forever. The auto loan industry is chock-full of subprime loans and poised to crash that will have many ripple effects. Farming, livestock, produce, processing plants, Credit cards lowering limits. Credit card limits will have an enormous effect on consumer spending in this debt bubble economy, where the average family can't come up with $400 for an emergency. Consumers will become savers, and unfortunately, that lack of spending will create more job losses. The government can do a lot, but short of Universal Basic Income, it isn't going to rescue the economy, and it is debatable as far as companies that were buying back stocks and in massive debt if they should. The debt bubble is popping, and we may look like the real estate market of japan soon. Foreign investment buying, Air BnB, millennial confidence aren't coming back, and the government can't bring it back no matter how much bailing they do. We are at the beginning of the effects on the market. Betting on a 40% drop in price is way more realistic than betting it's going up or staying where it's at. The housing market has been operating on irrational exuberance for awhile. The harvest by lenders is now. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

👉Dr. Roubini Warns of a Financial Crisis worse than 2008, 40% Market Crash and Riots in The Streets

👉Dr. Roubini Warns of a Financial Crisis worse than 2008, 40% Market Crash and Riots in The Streets





Nouriel Roubini predicted the 2008 mortgage crisis meltdown, and in September of 2006 was laughed at to his face by an audience of economists from the International Monetary Fund. The same thing happened to Peter Schiff when he said the sub-prime market was going to be the catalyst of the 2008 recession. New York University Stern Professor of Economics ,Nouriel Roubini discusses the stress on the economy caused by coronavirus. He explains why there will be a recession that will be severe and the need for fiscal stimulus. Roubini also says there will be a debt crisis and not just a liquidity crisis. I expect global equities to tank by 30 to 40 percent this year. My advice is: Put your money into cash and safe government bonds, like German bunds. They have negative rates, but so what! That just means that prices will rise and rise - you can make a lot of money that way. And if I am wrong and equities go up by 10 percent instead, that’s also OK. You have to hedge your money against a crash, that is more important. That’s my motto: "Better safe than sorry!". Roubini Explained. This Crisis Will Spill Over Into Disaster says Dr.Doom, Nouriel Roubini. He also Sees a 40% Collapse In this Delusional Stock Market. This Recession is worse than 2008; We are in Trouble. People are not going to have money to buy food once they lose their jobs,' Roubini warns. Welcome back to The Atlantis Report. 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. In an interview with German Magazine Der Speigel, Dr. Roubini - who correctly predicted the bursting of the U.S. housing bubble in addition to the 2008 financial crisis ; along with the ramifications of austerity measures for debt-laden Greece - believes that this pandemic will lead to a global economic disaster and that U.S. President Donald Trump will not be re-elected as a result. I have been saying all along, that the next financial crisis is not going to be like in 2008, that was household mortgages and leverage banks; but it's going to be corporate debt and shadow banks. Because the problems in The united states, the build-up of corporate debt . Leveraged loans , one trillion dollars of fallen angels in high grade, they're going to be downgraded to below investment-grade. We are going to have a global recession. Many people are going to go bankrupt. Households; corporates; SMEs; and even some of the big highly leveraged players in energy, in Airlines, etc... The recession already started in this quarter given the data of the retail sales that came out today. So we'll have a q1 contraction; an acutely q2 contraction;, and most likely a q3 contraction. This is going to be more severe than the global financial crisis because it's front-loaded. It didn't take a a year and a half for having the collapse of output. It didn't take us to get Lehman. The Private demand is collapsing; exports are collapsing; consumption is collapsing; residential investment is collapsing; CAPEX is collapsing; everything is collapsing . This is something we didn't even see during the global financial crisis. This is not just problem with the stock market falling 30 percent. Yes, there will be a wealth effect. The problem is in the credit market. We're on the verge of a debt crisis. There has been so much issuance of debt in the last two years, especially that many companies are going to go bankrupt. This is going to be a debt crisis, not just a liquidity crisis. There has been a massive increase in the last decade of corporate debt. Corporate debt as a share of GDP as a share of corporate income as a share of any measure of the ability to pay has exploded, and is an all-time high. Part of it was, of course, was firms borrowing to invest in capital spending. But we know that in the last few years, there has been a massive increase in share buybacks. Less profitable firms, junk firms have issued a huge amount of debt to do share buybacks. This was financial engineering that was boosting artificially earnings per share; that was boosting the value of these firms in the stock market artificially. This financial engineering was making these firms even more leveraged than they were before. That was a crazy, dangerous, and I would say a reckless form of financial engineering. and therefore those firms that were already highly leveraged, that used shared buybacks financed with debt ; are going to be now under severe stress. Today 40% of American households based on the Fed numbers have less than $400 of liquid cash to deal with an emergency. These people are not going to even have money to buy food once they lose their jobs. The government should start giving every American a thousand dollars cheque. If we don't do it, we are literally going to have riots in the streets. And people going to the supermarket and literally taking over everything and stealing it because people are going to start starving. It's going to be more severe than the global financial crisis...we need fiscal stimulus: Roubini added. This crisis is much more severe for China, and the rest of the world than investors have expected for four reasons. First, it is not an epidemic limited to China but a global pandemic. And Second, it is far from being over. This has massive consequences, but politicians don’t realize it. Everyone believes it’s going to be a V-shaped recession, but people don’t know what they are talking about. They prefer to believe in miracles. It’s simple math: If the Chinese economy were to shrink by 2 percent in the first quarter, it would require growth of 8 percent in the final three quarters to reach the 6 percent annual growth rate that everyone had expected before the virus broke out. If growth is only 6 percent from the second quarter onwards, which is a more realistic scenario, we would see the Chinese economy only growing by 2.5 to 4 percent for the entire year. This rate would essentially mean a recession for China and a shock to the world. Everyone thinks that policymakers will react swiftly, but that’s also wrong. The markets are completely delusional. Look at fiscal policy: You can do fiscal stuff only in some countries like Germany because others like Italy don’t have any leeway. But even if you do something, the political process requires a great deal of talking and negotiating. It takes six to nine months, which is way too long. The truth is: Europe would have needed fiscal stimulus even without the corona crisis. Italy was already on the verge of a recession, as was Germany. But German politicians aren’t even thinking about a stimulus, despite the country being so exposed to China. The political response is a joke - politicians are often behind the curve. This crisis will spill over and result in a disaster. The solution needs to be a medical one. Monetary and fiscal measures do not help when you have no food and water safety. If the shock leads to a global recession, then you have a financial crisis, because debt levels have gone up and the US housing market is experiencing a bubble just like in 2007. It hasn’t been a time bomb so far because we have been experiencing growth. That is over now. Trump will try to reap benefits from this crisis; that’s for sure. But everything will change when the pandemic reaches the US. You can’t build a wall in the sky. Look, I live in New York City, and people there are hardly going to restaurants, cinemas or theaters, even before nobody there was infected by the virus. When the virus comes, we are totally fucked. And this is just the smoke. The real fire is on the way. The stock market has been highly inflated in recent years by QEs. It is high time that the bubble burst big time. The financial illusion has popped. The crisis was inevitable. Take, for example American Airlines. Apparently, it has $34 billion in debt. I wonder how they'll be able to service that debt when flights are canceled, and travel volumes halve ahead of the summer. The unprecedented Global Policy Easing Has Failed To Curtail Credit Carnage. A live and real-time national wealth transfer and Socialist restructuring, without a fireside chat or bank holiday, without consent, representation, or one revolt. Solves nothing. By what authority to steal and redistribute 90+ Trillion from the American Treasury, without consent or representation, to bailout the unelected Kleptocrat few, their Corporations and bribe the American People with our own unalienable Monetary Property. Because of your willful and mathematically perfected, debt fiat deficit devaluation. Monetary Theory fraud has and remains, destroying the commonwealth and its People. We will not be liberated until every last debt fiat deficit devaluation. Monetary theory fraud; unelected Kleptocrat chrematistic few and their agents, who, with first use and consuming the cake twice, willfully created mathematical perfected wealth transfer and destruction of the unalienable Monetary Property of the American People, are removed and held accountable. Removed and held for high crimes and misdemeanors, never to be near our unalienable Monetary Property again. All civil rights and populist movements in the history of the country combined, has never accomplished what the recapturing of our unalienable Monetary Property of the American People would accomplish, for humankind. Non-negotiable. This is not only a credit crisis. This is a defining moment in America. History shows that pandemics open the doors to revolutions, political destabilization, economic collapse, the war between countries, and erosion of human rights leading to Martial Law as a reactionary means of governments pushing back. Yes, it will all unfold very quickly, just like the sudden crash of the market and coming up with the closing and lockdown of Businesses, schools, and free movement. It's all documented in similar events in the past. America is a spoiled, whiny country that the rest of the world holds in contempt. We are not sheltered from the suffering countless of people around the world endure on a daily basis. Recession at this point just means depression due to debt loads. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels. I do upload videos there, too. You'll find the links in the description box. You will also find a PayPal link if you want to make a small donation. Thank You.














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

Roubini Warns About a Looming Credit Crisis, Sees 'Rolling' Global Recession

Mar.11 -- Nouriel Roubini, chairman and chief executive officer of Roubini Macro Associates, warns about a looming credit crisis and global recession. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg The Open."
















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

Dr. Nouriel Roubini in Romania !!

The famous American economist Nouriel Roubini, who foresaw the 2008 financial crisis two years in advance is one of the most famous analysts in the world, is coming to Romania to participate in a conference organized by Profit.ro on November 11, and to attend the Annual Profit.ro Gala, on the same day. Roubini will present the real state of world economy and prospects for the next period, will reveal details about the commercial war between USA and China, will explain in detail the impact of Brexit and will announce how Romania will be affected by those events. Also called Dr Doom, Roubini is pointing out again to the possibility of a new crisis, different from the one that affected financial systems in 2007-2008, and will present details at the Profit.ro conference. In 2006, Roubini warned the International Monetary Fund about the imminent recession because of the market bubble of credits and houses. His provisions became real in 2008, with the beginning of the world financial crisis. In September 2006, Roubini , an economy professor at New York University, announced a crisis will begin in the months and years ahead. In a year when economy was doing well, few people believed that housing prices and consumer confidence will drop, there will be an oil shock and a deep recession.












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 future of the global economy hinges on four games of chicken | Nouriel Roubini

In the classic game of chicken, two drivers race directly toward each other, and the first to swerve is the loser. If neither swerves, both will probably die. In the past, such scenarios have been studied to assess the risks posed by great-power rivalries. In the case of the Cuban missile crisis











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 Coming Sino-American Bust-Up

Whether or not US President Donald Trump and his Chinese counterpart, Xi Jinping, agree to another truce at the upcoming G20 summit in Osaka, the Sino-American conflict has already entered a dangerous new phase. Though a negotiated settlement or a managed continuation of the status quo are possible, a sharp escalation is now the most likely scenario.









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

Roubini Says Markets Too Complacent, Chance of Recession Over 25%

Sep.06 -- Nouriel Roubini, chairman at Roubini Macro Associates and a professor at New York University's Stern School of Business, discusses risks facing the global economy, banking system and financial markets. He talks with Francine Lacqua and Tom Keene from the sidelines of the Ambrosetti Forum in Cernobbio, Italy, on "Bloomberg Surveillance."











 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 Anatomy of the Coming Recession by NOURIEL ROUBINI

https://www.project-syndicate.org/commentary/global-recession-us-china-trade-war-by-nouriel-roubini-2019-08

Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option.

NEW YORK – There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two involve China, and the United States is at the center of each. Moreover, none of them is amenable to the traditional tools of countercyclical macroeconomic policy.


The first potential shock stems from the Sino-American trade and currency war, which escalated earlier this month when US President Donald Trump’s administration threatened additional tariffs on Chinese exports, and formally labeled China a currency manipulator. The second concerns the slow-brewing cold war between the US and China over technology. In a rivalry that has all the hallmarks of a “Thucydides Trap,” China and America are vying for dominance over the industries of the future: artificial intelligence (AI), robotics, 5G, and so forth. The US has placed the Chinese telecom giant Huawei on an “entity list” reserved for foreign companies deemed to pose a national-security threat. And although Huawei has received temporary exemptions allowing it to continue using US components, the Trump administration this week announced that it was adding an additional 46 Huawei affiliates to the list. The third major risk concerns oil supplies. Although oil prices have fallen in recent weeks, and a recession triggered by a trade, currency, and tech war would depress energy demand and drive prices lower, America’s confrontation with Iran could have the opposite effect. Should that conflict escalate into a military conflict, global oil prices could spike and bring on a recession, as happened during previous Middle East conflagrations in 1973, 1979, and 1990.1 All three of these potential shocks would have a stagflationary effect, increasing the price of imported consumer goods, intermediate inputs, technological components, and energy, while reducing output by disrupting global supply chains. Worse, the Sino-American conflict is already fueling a broader process of deglobalization, because countries and firms can no longer count on the long-term stability of these integrated value chains. As trade in goods, services, capital, labor, information, data, and technology becomes increasingly balkanized, global production costs will rise across all industries. Moreover, the trade and currency war and the competition over technology will amplify one another. Consider the case of Huawei, which is currently a global leader in 5G equipment. This technology will soon be the standard form of connectivity for most critical civilian and military infrastructure, not to mention basic consumer goods that are connected through the emerging Internet of Things. The presence of a 5G chip implies that anything from a toaster to a coffee maker could become a listening device. This means that if Huawei is widely perceived as a national-security threat, so would thousands of Chinese consumer-goods exports. It is easy to imagine how today’s situation could lead to a full-scale implosion of the open global trading system. The question, then, is whether monetary and fiscal policymakers are prepared for a sustained – or even permanent – negative supply shock.

Following the stagflationary shocks of the 1970s, monetary policymakers responded by tightening monetary policy. Today, however, major central banks such as the US Federal Reserve are already pursuing monetary-policy easing, because inflation and inflation expectations remain low. Any inflationary pressure from an oil shock will be perceived by central banks as merely a price-level effect, rather than as a persistent increase in inflation. Over time, negative supply shocks tend also to become temporary negative demand shocks that reduce both growth and inflation, by depressing consumption and capital expenditures. Indeed, under current conditions, US and global corporate capital spending is severely depressed, owing to uncertainties about the likelihood, severity, and persistence of the three potential shocks. In fact, with firms in the US, Europe, China, and other parts of Asia having reined in capital expenditures, the global tech, manufacturing, and industrial sector is already in a recession. The only reason why that hasn’t yet translated into a global slump is that private consumption has remained strong. Should the price of imported goods rise further as a result of any of these negative supply shocks, real (inflation-adjusted) disposable household income growth would take a hit, as would consumer confidence, likely tipping the global economy into a recession. Given the potential for a negative aggregate demand shock in the short run, central banks are right to ease policy rates. But fiscal policymakers should also be preparing a similar short-term response. A sharp decline in growth and aggregate demand would call for countercyclical fiscal easing to prevent the recession from becoming too severe. In the medium term, though, the optimal response would not be to accommodate the negative supply shocks, but rather to adjust to them without further easing. After all, the negative supply shocks from a trade and technology war would be more or less permanent, as would the reduction in potential growth. The same applies to Brexit: leaving the European Union will saddle the United Kingdom with a permanent negative supply shock, and thus permanently lower potential growth. Such shocks cannot be reversed through monetary or fiscal policymaking. Although they can be managed in the short term, attempts to accommodate them permanently would eventually lead to both inflation and inflation expectations rising well above central banks’ targets. In the 1970s, central banks accommodated two major oil shocks. The result was persistently rising inflation and inflation expectations, unsustainable fiscal deficits, and public-debt accumulation.


Finally, there is an important difference between the 2008 global financial crisis and the negative supply shocks that could hit the global economy today. Because the former was mostly a large negative aggregate demand shock that depressed growth and inflation, it was appropriately met with monetary and fiscal stimulus. But this time, the world would be confronting sustained negative supply shocks that would require a very different kind of policy response over the medium term. Trying to undo the damage through never-ending monetary and fiscal stimulus will not be a sensible option.
Copyright: Project Syndicate, 2019.

www.project-syndicate.org



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

DEBATE -- The Tangle in Taipei with Arthur Hayes and Nouriel Roubini

The Tangle in Taipei at the Asia Blockchain Summit 2019 held on July 3rd - The Full Debate On stage: Arthur Hayes, CEO and Co-Founder of BitMEX Nouriel Roubini, American Economist and NYU Professor Andrew Neil, Scottish journalist, Broadcaster and the Referee of this debate












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

Roubini Warns of a Crisis in 2020

Nouriel Roubini is often called “Dr. Doom” because of his knack for predicting big market changes. He is well-known to have red-flagged the housing bubble crisis of 2007/2008 that pushed the global economy to the back foot. And now, Roubini has a new warning. The economist predicts a big financial crisis in 2020. He believes that the U.S.-China trade conflict is the biggest risk for global markets, something that could escalate in various ways over the next year.

A crisis in 2020 “The Trump administration could decide to extend tariffs to the US$300 billion worth of Chinese exports not yet affected. Or prohibiting Huawei and other Chinese firms from using U.S. components could trigger a full-scale process of de-globalization, as companies scramble to secure their supply chains. Were that to happen, China would have several options for retaliating against the U.S., such as by closing its market to U.S. multinationals like Apple. Under such a scenario, the shock to markets around the world would be sufficient to bring on a global crisis, regardless of what the major central banks do,” he writes at Project Syndicate.

Last year, Roubini and colleague Brunello Rosa laid out 10 events that could trigger a financial crisis in 2020. While the U.S.-China trade conflict was one of them, another major risk highlighted was the fiscal policy. At present, U.S. economic growth is being pushed forward through a stimulus policy that pumps money into the economy. But by 2020, this stimulus will end. As a consequence, U.S. GDP growth will come down from around 3 to below 2 percent

http://www.visiontimes.com/2019/08/12/economist-roubini-a-big-financial-crisis-may-be-coming.html







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

Roubini calls India Crypto proposed ban a ‘wise government’ move #bitcoin #cryptocurrency

Economist Dr. Roubini tweeted yesterday about the Indian government planned Crypto ban saying : Finally a wise government who is banning these toxic shitcoins . end of quote. Bitcoin critic Roubini also dubbed Dr. Doom has hailed the proposed ban on cryptocurrencies in India calling it ‘good news’. the professor at the New York University Stern School of Business said an actual ban on crypto in the world’s second-most populous nation will save ‘retail suckers’ in the country from investing in ‘shitcoins’. Roubini often calls Bitcoins Shitcoins , In a piece published by Project Syndicate, Roubini claimed that this was made possible by the lack of regulation in the cryptocurrency industry: Cryptocurrencies are routinely launched and traded outside the domain of official financial oversight, where avoidance of compliance costs is advertised as a source of efficiency. The result is that crypto land has become an unregulated casino, where unchecked criminality runs riot. India’s proposed ban on crypto is not the only negative development in the crypto space that Roubini has recently celebrated. After the TRON cryptocurrency founder Justin Sun canceled a lunch date with billionaire and Berkshire Hathaway boss Warren Buffett citing health issues, Roubini termed the development a ‘crypto-flop, embarrassment and failure’. Dr. Doom has recently stepped up his feud with Seychelles-registered bitcoin and crypto exchange BitMEX, suggesting it, and other major bitcoin exchanges, are involved in "systematic illegality." "BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere," Roubini wrote in a blog post. "The exchange does nothing to stop this, as it profits from these transactions." Roubini, who clashed with the chief executive of BitMEX, Arthur Hayes, at the Asia Blockchain Summit earlier this month, has previously branded bitcoin "overhyped" and a "cesspool."






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

Roubini agrees with Trump on Bitcoin

President Donald Trump personally tweeted recently saying : I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.... Economist Nouriel Roubini replied to this tweet saying that this the first time ever he agrees with Donald Trump : first time I agree with Trump : no country, not even USA skeptical of excessive regulations, will allow the wild west scams of unregulated crypto with no AML/KYC, being a bank or money servicer with no bank license/regulations. Get used to it you crypto fools/scammers. Start to comply or disappear! Roubini Said. Economist Nouriel Roubini has openly expressed his disdain for all things cryptocurrrency by calling it shitcoin, scams etc at several times. In a post on Twitter, he targeted Ethereum calling the ICO which the second largest cryptocurrency has “just a scam”. He went further to say the ICO was aimed at filling the pockets of a small group of insiders including Vitalik Buterin. The sale was not a fair one and that Crypto is the mother of all scams. The only way to be “safe” in crypto is to go back to the Stone Age. He took another swipe at Crypto security. Poking the idea behind Cold Storage and Paper Wallets, he pointed put that the idea of cold storage and paper wallet is exactly like the Stone Age and that crypto is taking us there. “Write your private key on a piece of paper and hide it in a mattress and hope you aren’t victim of a crypto robber or of paper eating rats” he said.

















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

Roubini: It’s a Scary Time for the Global Economy

Jul.02 -- Nouriel Roubini, chief executive officer at Roubini Macro Associates, discusses the global economy, geopolitical risk, the U.S.-China trade negotiations, the possibility of a global recession, how he thinks we can avoid it, China’s economy and global debt. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Asia Blockchain Summit in Taipei.









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

Roubini Sees Many Ways China Can Retaliate to U.S. Tariffs

Nouriel Roubini, chairman at Roubini Macro Associates and a professor at NYU Stern School of Business, discusses China's ability to retaliate to the U.S. imposing a 10 percent tariff on about $200 billion in Chinese goods. He speaks on "Bloomberg Surveillance."














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 Global Consequences of a Sino-American Cold War

What started as a trade war between the United States and China is quickly escalating into a death match for global economic, technological, and military dominance. If the two countries' leaders cannot manage the defining relationship of the twenty-first century responsibly, the entire world will bear the costs of their failure.

NEW YORK – A few years ago, as part of a Western delegation to China, I met President Xi Jinping in Beijing’s Great Hall of the People. When addressing us, Xi argued that China’s rise would be peaceful, and that other countries – namely, the United States – need not worry about the “Thucydides Trap,” so named for the Greek historian who chronicled how Sparta’s fear of a rising Athens made war between the two inevitable. In his 2017 book Destined for War: Can America and China Escape Thucydides’s Trap?, Harvard University’s Graham Allison examines 16 earlier rivalries between an emerging and an established power, and finds that 12 of them led to war. No doubt, Xi wanted us to focus on the remaining four.

Despite the mutual awareness of the Thucydides Trap – and the recognition that history is not deterministic – China and the US seem to be falling into it anyway. Though a hot war between the world’s two major powers still seems far-fetched, a cold war is becoming more likely.The US blames China for the current tensions. Since joining the World Trade Organization in 2001, China has reaped the benefits of the global trading and investment system, while failing to meet its obligations and free riding on its rules. According to the US, China has gained an unfair advantage through intellectual-property theft, forced technology transfers, subsidies for domestic firms, and other instruments of state capitalism. At the same time, its government is becoming increasingly authoritarian, transforming China into an Orwellian surveillance state.













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

Roubini : Crypto Is the Mother and Father of All Bubbles

Nouriel Roubini at Salt Conference in NY: Crypto Is the Mother and Father of All Bubbles
https://cointelegraph.com/news/nouriel-roubini-at-salt-conference-in-ny-crypto-is-the-mother-and-father-of-all-bubbles

Economist and notorious cryptocurrency critic Nouriel Roubini said that “crypto is the mother and father of all bubbles” at the Salt conference in New York. CNBC reported on Roubini’s declarations on May 9.

During the conference, Roubini also reportedly said that bitcoin (BTC) and other crypto assets should not be called cryptocurrencies. According to him, “cryptocurrency is totally a misnomer” since “to be a currency, you have to be a unit of account, valuable and a scalable means of payment."

Roubini also addressed bitcoin’s scalability, stating that while credit cards are capable of thousands of transactions per second, bitcoin’s network can only manage seven. He also claimed to have never witnessed a level of manipulation comparable to what is currently reported by the cryptocurrency market.






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

Roubini: the number of fraudulent ICO declined due to the fall of Bitcoin

According to reliable sources, 81 percent of all ICO was scammy. That their condition correlates with the prices of Bitcoin and Ethereum after the disappearance of the bubble in 2018, is not surprising. This phenomenon only confirms the fraudulent nature of the market.















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

Roubini: Understanding the Fed’s dovish turn

Over the past few years, the US Federal Reserve has been ahead of other major central banks in normalizing monetary policy. But now the Fed has abruptly put further interest-rate hikes on hold, owing to key changes in macroeconomic conditions and the political environment, writes Nouriel Roubini


https://think.ing.com/opinions/nouriel-roubini/








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

Why has the US Fed turned away from interest rate rises? | Nouriel Roubini

Stalling inflation and a need to show independence have pushed it to a dovish stanceThe US Federal Reserve surprised markets recently with a large and unexpected policy change. When the Federal Open Market Committee (FOMC) met in December 2018, it increased the Fed’s policy rate to 2.25%-2.5%, and signalled that it would raise the benchmark rate another three times, to 3%%-3.25%, before stopping. It also signalled that it would continue to unwind its balance sheet of Treasury bonds and mor


https://www.theguardian.com/business/2019/mar/18/us-fed-interest-rate-rises-inflationhttps://www.theguardian.com/business/2019/mar/18/us-fed-interest-rate-rises-inflation









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

Roubini : there is NO anonymity in Crypto

“So much for privacy, anonymity & censorship resistance: there is NO anonymity in crypto. Law enforcement authorities prefer transactions on crypto because it is easier to trace transactions & who is behind them than in banks. Wake up crypto zealots. & Feds will crack Monero too”. Roubini tweeted








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

Trump's attack on China could mean fragility for a strong American market: Nouriel Roubini

Nouriel Roubini, Roubini Macro Associates talks about how the trade war could hurt a strengthened American economy.

Trump's attack on China could mean fragility for a strong American market: Nouriel Roubini from CNBC.

Global economies were growing in sync with each other, and that boosted optimism and business and consumer confidence. But lately that dynamic has begun to break down. "The risk is that it actually ends up into a generalized trade war between the United States and the rest of the world," Nouriel Roubini said on CNBC.





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

Ethereum Founder Debates Nouriel Roubini Over Crypto

A lively debate between economist Nouriel Roubini and ConsenSys founder Joseph Lubin didn’t disappoint the crowd at the Fluidity Summit in New York. Roubini repeatedly attacked cryptocurrencies and blockchain technology as being irrelevant, while Lubin argued that the technology had tremendous potential in many industries.

https://bitsonline.com/ethereum-founder-debates-nouriel-roubini-over-crypto/

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