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

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





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

















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

👉This is Why The Stock Market is Booming despite Bankruptcies,Unemployment and Economic Meltdown !!

👉This is Why The Stock Market is Booming despite Bankruptcies,Unemployment and Economic Meltdown !!





Over 4 million Americans are now skipping their mortgage payments. The US federal government debt is around 107% of the US GDP. Many businesses are bankrupt and will not reopen. Some may reopen with reduced staff. We are on the precipice of the greatest real estate market crash in American history. Wait until you find out that your real estate taxes are going up, way up! Somebody has to pay for the free stuff you just received from Uncle Sugar. The unemployment percentage today is much higher than the Great Depression when it was around 20 percent. Most of the economy is on its knees, with countless SMEs never gonna re-open. More than 100,000 U.S. businesses have already permanently shut down during this pandemic, and that represents millions of jobs that are never coming back. The Federal Reserve Bank of Atlanta is now projecting that U.S. GDP will shrink by 42.8 percent during the second quarter. Retail sales were down 16.4 percent, and U.S. industrial production fell 11.2 percent during the month of April. Homeless encampments are growing every day. Meanwhile, The Super-rich are buying underground bunkers with SHOOTING RANGES over fears coronavirus will spark social meltdown. A depression would actually be kind of nice compared to where we're going. tens of millions unemployed with super-specialized service economy skills there is ZERO real-world demand for every industrial process depends on components being produced in china A money supply that has been blown up beyond any hope of not hyperinflating. 90 days. That is when the Country sees the fallout of all this. 1. Mortgage forbearance payments due at four payments on the same day. 2. Auto loan forbearance ends in 30 days, and that will exacerbate the Mortgage situation. 3. Credit Card defaults start in 60 days as people choose mortgage over revolving. 4. Pandemic Unemployment is ending for most who got it in 6 weeks (13-week cap) 5. To top it all off, many will not have a job to go back to as the Fed Injections fade. GAME OVER. And all this doesn't matter one iota to the DOW / S&P. The DOW will continue through 50,000 and the S&P into the 5,000 range, all courtesy of the New York FED's Trading Desk! A centrally managed economy of, by, and for, the corporate executive C-Suite crowd. Those numbers are meaningless to wall street anymore. The Sun could burn out, and the market would continue to rally as long as the FED pumps monetary helium into the bubble. Wall Street loves misery (yours & mine) as they’ve been conditioned that free money and tons of liquidity are adjusted along with the misery index. They both rise together! Also, we wouldn’t even know what the Great Depression was if we had a Fed Chairman willing to do the unthinkable (Greenspan) and his successors do even more of it! We don’t have capital markets anymore. Period! End of story and quite possibly our little experiment called the American way of life. What we have seen lately is a dead-cat bounce. Overlay the rise, drop, and sucker rally of 1929 onward. There was a nice little sucker rally that lasted about six months before things went off the rails for the next several years. I posit we're seeing a sucker rally now. If history is any kind of guide, we'll see the real crash start, conveniently, after Trump's re-election. By then, it won't matter, and he'll get to start his soon-to-be-mandatory, military-enforced, "warped-drive" C19 vax crap show. I think I heard the FED say let those poor working bastards eat cake!! Welcome to the New America where all that matters is the stock market! The Dow is up over 1,000 points. The stock market and main street haven't been connected since 2001. I just looked at the Weimar stock market; it rose even when measured by US dollars during the 1923 hyperinflation. As well as Zimbabwe And Venezuela's stock markets, they all did pretty good. The market is being ENGINEERED by the alchemists at the FED. It doesn't matter for markets. S&P algos are hellbent on testing 3000. It may go to ~3100 just to trap bulls in a fake bull rally and then fall with a massive profit-taking drop. 2. Markets are now completely independent of the economy. The good news is good, and bad news is good (means more Fed easy money.) 3. The only goal is to transfer money from stupid momo chasers to big money, so that big money can pay back their cheap Fed loans, and take their profits offshore to fund their lavish lifestyle in Switzerland and/or Monaco. There are only institutional investors participating in the markets. The FED and other central banks, and they have the capability to buy the world. Its all part of one giant rigged game where the insiders and the connected, never loose, while the public get the Carrot and Donkey treatment to perpetuate their slavery. Financial freedom always kept in sight but just out of reach. If they left the market to its own forces, it would have corrected far more often with small amounts. However, the FED is not allowing these healthy corrections, kicking the can down the road, that will eventually lead to some sort of terminal event. The FED, Blackrock, JPM, and the US admin pumpers are trying, by all means, to keep the market up. But the big boys don't buy this euphoria and stay big in cash. There is no market at the moment - it's a planned redistribution of wealth, and price action is completely rational. The market can only stay irrational longer than we can stay solvent if we are dumb enough to take on debt. The central bankers have suspended the free market, and supply/demand price discovery has been halted. Government paper doesn't cover inflation, and if they have their way, it never will. And the game of pushing for what appears to be a benign inflation rate of 2-2.5%, and constantly show the chart of change, is misleading. 2% compounded for ten years takes 22% off the dollar you make today in just ten years. 2.5% takes 28% off....in ten years, and 62% off in twenty (all from the "stable prices" bound Fed). Inflation is a tax on everyone to pay for presents someone else got. So when you see a flat chart of inflation at a certain level, look for the real chart of compounding and aggregation. Printing / monetizing is just creating debt somewhere else one form or another. If we can see a storm on the horizon and we prepare accordingly, then it doesn't matter when it hit or even if it moves around us. But if we miss the storm, and does nothing to prepare and we are hit, then we will be destroyed. Being debt-free, live beneath our means and save what we can in gold and silver, and then when and if the storm hits, we can survive it while everyone else suffers. This is the one rule that, unfortunately, many forget, the number 1 rule for stackers: First get out of debt. So, now it is even more evident about what was the REAL purpose of the "pandemic" possibly: the PRIVATELY-held [NOT]Federal[NO]Reserve's 'Mother of All Pyramid Ponzis' imminent implosion, as all pyramid Ponzi eventually do! The 'Mother of All Financial Resets'! Bring it! The country has assuredly entered the Greater Depression all right, and things will really turn ugly just as soon as the "stimulus" spigots have been turned off. How bad will the situation get? Well, you're going to see a wave of muggings, burglaries, home breaks ins, looting, assaults, vandalism and mob uprisings on a scale that you never thought was possible in any age. By that time, all law and order will have been completely broken down, and setting up the country to a fascist/communist dictatorship. It happened during the Weimar Republic, and it will happen here. The central bankers have figured out how to create money to blow up asset bubbles and not have extreme general inflation. The mechanism lies in the lack of monetary velocity. All that new money is being parked right back at the Fed. It's been created, but since it isn't circulating, it's as if it hasn't been created in terms of kicking off inflation. Once it flows out of excess reserve status and starts pursuing the purchases of real-world assets, the acceleration will be a regular moon shot. This is a case of normalcy bias on a global scale. Not sure what the tipping point will be, but the rush out of fiat currency will happen, and it won't take years to manifest itself. It won't be a pretty sight when mass psychology takes hold, and the panic sets in. If there is a second wave pandemic or some other shock, the Fed and other central bank 'digital printers' won't have enough space on their screens. Technically and legally, they're not printing or using money, they're just crediting deposit accounts with the amounts, and as we all know, deposit accounts are bank liabilities, not money. What happened [after 2008] was that inflation just manifested itself in ways that people weren’t worried about because it showed up in stock prices and real estate prices and bond prices and things like that. It wasn’t showing up as heavily in consumer prices. People started to have faith in the dollar, so we didn’t see the big increase in consumer prices. Well, we’re going to see it now. Because not only are we going to have to deal with the consequences of all the money the Fed is printing right now, we’re going to have to deal with the consequences of all the money that it printed earlier that temporarily went into financial assets before it migrates into consumer goods. Just because we’ve gotten away with it for this long doesn’t mean we’re going to get away with it forever. Why, this time, will we "have to deal with the consequences"? Why will the economic path following the 2020 Fed printing be any different from that in 2008! Why won't the distortions and last until the next crisis, just as we were surprised they lasted during the past decade? Why is this The Big One?... Serious questions. I can't remain solvent longer than the market can remain irrational, AND immoral, AND illegal. 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 Fed is committed to rescuing all business from the greatest economic collapse since the great depression, and probably greater than that, to fund the US Government’s rocketing budget deficits, fund the maintenance of domestic consumption directly or indirectly through the US Treasury while pumping financial markets to achieve these objectives and preserve the illusion of national wealth. Clearly, we stand on the threshold of unprecedented monetary expansion. Welcome to the $25 hamburger. As long as the government has it's hand in the pot, by having the Fed print its money, we will continue to be poor. There is no need for taxes; the government just prints what it wants. Got to pay for Pelosi multi-trillion "stimulus" (translated extreme taxation) programs. Well, as you can see, it is already printed, and instead of paying taxes, the money in your pocket is worth 18% less than it was last month. A drop in standard of living exactly like an 18% taxation would do. Nothing is borrowed, just taken from your pocket and put in Pelosi's buddy's pockets. Keep buying those votes, Nancy! The privately-owned fed is illegal. The owners are 100% responsible for stealing from you through inflation. A total Economic Shutdown is Exactly what this damn Criminal government wanted to stop the Rise in Interest Rates, which was just about to Crash their Entire Fraudulent Financial PONZI Scheme! How many federal employees have been laid off? How many government agencies are targeted for closure? Is the United States over-leveraged? What will be the Federal Governments's chances of servicing its enormous dept without inflation? Given that, how much concern should we expect over unintended consequences! The federal government has not laid anyone off, if they are not working, they are still employed, but collecting an even larger paycheck due to expanding government subsidies. The government is, in fact, hiring more workers to help with all the Pandemic Unemployment Assistance's and other handouts it is doling out. It is a self-cannibalizing and vicious cycle. I expect the markets to continue to roar through the summer before sometime in the fall, possibly near or immediately after the elections, a subsequent implosion will occur. I'm actually expecting this true and next market collapse to make the 2008 financial crisis look like a picnic at the beach. They are throwing everything at the problem including the kitchen sink to hold this flaming house of cards in a tornado together...people are becoming wildly more complacent, more entitled, and less fearful of the future than ever before because they think that the government's policies will work, when in fact, they are literally pouring gasoline onto this fire and lighting a match to it. There will be a reset, and I believe only hard assets---precious metals, land, guns, ammo, liquor, drugs, food, and medicine will be the currency and capital that will get you through the disastrous event that is coming and is likely less than six months away. Enjoy the false sense of security that this crisis is over, and it has nothing to do with COVID-19---it never did. The behavior of a dying financial system is analogous to that of a hurt animal. America today is essentially an open-air insane asylum compared to the country I grew up in, but they never seem to be any consequences for the insanity, and it just keeps getting worse. I've been expecting total economic and societal collapse for years now, but it just keeps staggering along like some kind of socialist MMT Frankenstein. Are they really going to get away with this? Can they really just keep vomiting out insane liberal policies and printing trillions out of thin air, and everything will be fine? Someone has to eventually pay for the debt and the billions, nay trillions that will be used to provide welfare support. Governments are in a bind and will need to print to keep the system from collapse. This will inevitably lead to the decimation of fiat currencies, and trade imbalances will have to be settled in gold and/or other commodities. Capital controls will return to prevent wealth from escaping tax jurisdictions. This is the endgame of the moneychanger FED charade. Technically we've been in a depression since 2008. COVID just accelerated the final unwinding. We're going back to the ways of our grandparents: saving more, little debt, multigenerational households, resourcefulness, and self-reliance. Simplification: The strong will survive. The weak have been spoon-fed by the government and will not do well. It's obviously easy to look at these doom & gloom numbers and blame it all onto CovID-19. That's the intention. But is it not the case that the US economy was already on the edge of a cliff! All CovID has done is to push it over and give those responsible an excuse to crash the system. The intent is to destroy America, Americans, and the dollar, and they're doing a great job of it. IF you can, grow your food, inside and outside. Things are going to get rough. This wasn't due to the Flu. This was happening since we left gold in 1971 and accelerated through this century. The economy has been ridden with massive waste, fraud, and debt for at least the last 30 years, but it just keeps ticking along. It used to be that stupid decision were avoided because they had consequences, and one of those was going broke. There's apparently no longer any need for caution, saving, obeying laws, responsibility, rationality, or any of those other American characteristics that are so out fashion in our brave new world. We learned nothing from the 2008 warning and instead just doubled down on the gambling. And it's roared into the stratosphere since then. The derivatives debt pit is bottomless. And the FED's now drowning in a tsunami of confetti "money." No government official or banker who lived during the 1930s ever publicly admitted they were going through a Great Depression. Only after it ended was the term coined. So don't expect any evil politician or banker to use the term at present, which of course, is why so many will suffer now as then. Always the need for pollyanna positivity, V-shaped recovery, and 'sun will come out, tomorrow' BS. And that's why so many lose everything during these events. Most are sheep, and they will get fleeced. 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

👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!

👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!



The national debt is already at an absurdly incomprehensible number like $23 trillion, and increasing by the minute. We're already in a mathematical fantasy land beyond the limits of human understanding. A stack of trillion-dollar bills would be 67,866 miles high, or more than one fourth the distance from the earth to the moon. This means the deficit before the pandemic would've been a stack of dollar bills more than five times as high as the distance to the moon. The national debt is never going to be paid. It will ALWAYS go up. The Fed WILL monetize the debt at negative interest rates. The treasury debt the Fed will hold will have an average negative yield. They will pay the treasury interest, but in reality, that will just require a wind-down of reinvestment, so it actually isn't anything real. These are all ledgers with lots of zeroes. At some point, the Fed will have to buy ALL of China's holdings as they liquidate, and then ALL the social security surplus holdings. And they will pay well to keep rates very, very low. With negative interest rates--people will pull their savings from banks and buy gold (if they have brains). Banks will not lend to get less back. Scared people will stop buying and start hoarding cash. The economy grinds to a halt. This is the GREAT IMPLOSION, coming soon to an economy near you. The Fed is creating a bubble economy. Once people understand it is all about the Fed, maybe things will change;But not until then. They are using fear and misinformation to herd the sheep where they want them to go seems to be what’s going on today. Even Powell, Yellen and Bernanke are telling the congress not to worry about the deficit. Just keep spending. What he doesn't tell this naive Congress, and the president is that getting the government to spend even more reduces the government's power, and increases the federal reserves power over America. They want the Congress to keep spending in order to make our government as bankrupt as possible. The more deficit spending on our governments part, the better for them. This is what the purpose of this coronavirus agenda is. Bankruptcy for all, and the transfer of all financial control into their hands. They want to remove all financial power from world governments and place all financial power in the hands of this secret fraternity at the very top, who are in control of this international banking system. Their target is the removal of the US dollar and replacing it with their long-desired,one world currency, owned and controlled by this secret fraternity at the very top. Yes, the domination of this world by way of the monetary system. It isn't apparent yet, but it will be, when they put the icing on this coronavirus cake by pulling the plug on the world markets and creating the biggest market collapse in history. Why? They are currently bankrupting our governments. Now they want to place us in a complete state of hopelessness by bankrupting all of us individuals also. So, in the end, the people who created this evil will present themselves as our saviors by making us an offer we will have no choice but to accept. Accept our one-world currency in place of all other currencies, including the US dollar, and we'll bail you out. As I said, they will leave us with no other choice but to accept. And due to their power of absolute secrecy, all we have the power to do is watch the show. Federal Reserve Chair Jerome Powell warned that the nation's unemployment rate could soar to 25 percent. Powell says a full economic recovery may not happen without a vaccine."Full Recovery Could Take Until End Of 2021. Will Require A Coronavirus Vaccine," Powell said in an interview with CBS’s “60 Minutes”.Why would a cartel banker/beancounter have a say as to whether a vaccine is needed or not? "Just following orders" will not be a defense, Powell. So, Fauci, the MD, became an economist, and Jerry Powell, the economist, is now a doctor. Do we live in a bizarro world ,or what! Those who wish to inoculate themselves against this flu should do so. If it works as advertised, they have their immunity. Those that do not wish to take the vaccine pose no threat to them. Compelling the rest of us to be vaccinated is going to be an interesting operation. A vaccine or market manipulation either will do it. The Fed has launched a series of efforts to keep markets functioning properly and has teamed with the Treasury Department on a variety of lending programs aimed at businesses and individuals. In addition, the Fed is buying corporate and municipal bonds. That’s come amid burgeoning unemployment crisis that has seen 36.5 million Americans file unemployment claims and the unemployment rate rise to 14.7%. Wall Street is just like Washington DC. It runs on loopholes. All you have to do is learn your way back and forth through the Maze of stupidity. The same people who sell the panic, sell the vaccine. Before COVID, there were 162 Million active workers. Current reports indicate there are 36 Million unemployed: so its at least 22%. However, this does not include part-time workers that were laid off and unable to file for unemployment benefits. It also does not include workers that have their hours cut. This party is just getting started . By this summer, the unemployment rate could top 40%, as the momentum builds. Those 36 Million workers aren't spending as they did. Probably more than 100 Million workers have dramatically cut spending. This is going to drive unemployment up much higher. Even if all states open up tomorrow, it is not going to be a return of business as usual. People are going to be reluctant to spend money, travel, eat out, etc., until they feel confident that the virus is gone and that the economy has stabilized. It is going to take many years. It took the US about ten years to fully recover from the 2008 crisis, and this one is much worse. People on the minimum wage have to spend 100% of their wages to survive. Billionaires spend 1%, with 99% disposable. They live, as opposed to surviving, on this. National Suicide, Expected to soar . The shooting starts shortly after the USD FRN reaches its intrinsic value as electrical bits and poorly absorbent toilet paper. Losing may be winning if the stupid masks, closures, distancing, handouts, bailouts, negative interest rates, alleged forced vaccination plans, etc. Turn fattened human flocks of idiot sheep into lean, hungry packs of intelligent wolves. Exciting times. That's what happens when counterfeiting enables deficit spending. Eventually, the world will realize the dollar is worthless with all this printing. Then this debt will be an issue and only an internal issue for us the Peasants. "It's the money, stupid." Founding Father axiom. It all depends on whether the US loses reserve currency status over a long period or a short period. The national debt is ballooning, and one day we would default on it. Math can only be stretched so long until an unstoppable force meets an immovable object. During 2008 bailouts, experts were saying, now is not the time to worry about the debt, we can address it once were past the crisis . The debt was never addressed, other than the Bowles/Simpson plan...which failed. I'm hearing the same thing now about this crisis and the staggering debt being piled on. Another frightening number on that debt clock is that of the total value of global derivatives. Judging by the fast-rolling number counter, it appears it's increasing by over$ 2.0m a second! Mind-blowing numbers, all just waiting to collapse when the defaults begin. Ever heard of 'marginal change' ?. The effect of one more unit on the whole. A sinking boat and that one pint of extra water that sends it to the bottom. A sinking economy with a Fed deficit. The effect of one more dollar of debt. The closer you get to the breakpoint, the more important the marginal change. Are we there yet? If not $25 trillion, then 25.1 trillion, 30 trillion, 400 trillion. Has it already happened? Is the economy finished, and we just don't know it? Already the word is out there is a massive problem. Interest rates are being forced lower because the country cannot afford to pay interest on the current debt. With low-interest rates, no one with a brain wants to lend the US money. The Fed has to step in. Now, the debt is faux debt (just zeros on the Fed balance sheet)-- and ready to implode. If this is not warning enough, what is? When I activated the US Debt Clock Time Machine for the year 2024 -- just four years from now -- it showed that at the current growth rate, we would see a national debt of $43.6 trillion! In four years! That is unsustainable! Something must be done right away to bring it down, or a disaster will occur within the next few years. America must pull its head out soon, or a calamity will soon occur! This is digital Weimar Currency. They won't even have the problem of printing on one side of a bill . That's why we are going to experience a monetary reset. This apparently happens to every monetary system not tethered to something that can't be printed out of thin air. That being said, The deficit can reach 50 Trillion or 100 Trillion! The small business issue came from the shutdown and excessive regulations for the most part. It will eventually become a problem, and the system will collapse. This shitshow will only get worse until the final collapse. So expect the unimaginable all the time going forward over the cliff. COVID was a convenient excuse the crash land this debt loaded, massively leveraged economy. The string-pullers opted for flight 1549 in the Hudson River rather than the Hindenburg zeppelin exploding and going down in flames. Strange how the Pandemic is so well coordinated and the New World Order "elites" are ALL singing the praises of an as-yet non-existent vaccine, which clearly is going to be compulsory with the implied threat of military force. The death rate in the non-high-risk groups, even using the inflated mortality numbers, is around 0.1%, so what is the scientific basis for a compulsory vaccination for all without any understanding of the risk/benefit equation for low-risk cohorts (most of the population)! Other than the social control . There remains the medical ethical principle of "Informed consent." Well, I am informed, and I don't consent. What then? Why are we still pretending that Covid-19 is a particularly deadly virus and that we must destroy ourselves out of fear of it? All those who want to be locked up forever should just go ahead and lock themselves up forever and leave us the hell alone. Why do people with horrific plans always insist that we have to join their suicide pact for our own good? The Hong Kong Flu of 1969 was way worse than this WuTangFlu, and they did not shut down the economy. This is an intentional sabotage of the world economy. The aims are many - to impose a worldwide plutocracy served by tech stooges and psycho scums, to impoverish people to the level they won't ever protest politically, to overthrow the role of people in politics that is on the rise ever since 1789. Call it whatever you want, but this is no pandemic. Get ready for millions of bankruptcies, loan defaults, and bank failures. Millions of retirees will lose almost all of what was promised as big pension funds fail. Powell admits it will get very ugly, and no one knows how or when this ends. If reopening brings on wave #2 and they have to close it all up again, kiss any recovery hopes goodbye. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Three TRILLION $ more debt planned and Powell says now is not the time to worry about it, only when the economy has recovered. What The hell ! We haven't worried about it for the last two decades since Cheney said "deficits don't matter." Our great economy has never been anything more than a bubble pumped up by endless debt thanks to the Fed Bank. The wealthy are doing great , and the bottom 50% are unemployed, maybe forever. The banksters are loving it and want to keep us shut down to do the most damage. We are in real trouble. Pray for a miracle. Bailouts, more printing, baby print, print. Insanity continues. With negative rates looming and is coming, FED can’t raise any rates higher, is too late for that, so their only option is going reverse, you are going to see some funny thing happening. The economy has been sparling for a long time, and not only in the U.S. Unprecedented access to cheap cash, lack of any fiscal responsibilities, plus mounted with other policies and reality has also produced a fallout. Now Banks is put a tight lid on “Line of credit access,” which basically is putting small businesses folks in the cold and not to mention others who have to meet certain obligation is putting them in a state of what is a sense. Lady in Casino dancing for the bosses is starting to sweat. She realizes she is expandable and no longer can entice them. MMT/QE’s etc. And top with it, they will squeeze the last amount of breath from anyone. ECB/Fed/BOJ and other Central Banks around the world, and don’t think China is excluded, fiat is fiat they flow same way just the value is different, are on a collision course of facing final act. Total Bankruptcy and insolvent of nations due to internal debt which is way beyond understanding and external debt of the rations to GDP debt, which is already putting heavy iron plates on their shoulders. They will default, and not only the U.S but all of them will not meet their obligation. So next scheme is Digital, but the game is the same; bosses are well aware of their needs. They all soft defaulted in 2008 when all of the major Central banks started QE, and never really stopped. The issue is now that with the shutdown of essential production, it is going to lead to shortages, leading to price controls\rationing and inflation. The entire industrialized world is switching over to third world status. I very much doubt digital will work. It just makes it much easier to create inflation, and it is 100% dependent on reliable data & power to function. The Government digital currencies will likely be too easy to print when they need it and will quickly collapse in value. The Achilles heel of the industrialized world economies is tax revenue need to balance government spending with production. Tax revenue as all but collapsed, while essential government spending has gone to the moon. The U.S. is a dollar exporter, and both parties' donors won't allow anything else. If we ran a trade surplus, Wall Street's casino would close. The American people don't understand how corrupt this country is. The aim is to fleece the people quickly into debt slavery, where the shirt on their back is owned by banksters. The powerless people on the bottom of the food chain get hurt the most, but the fat cats with political influence are able to get the big bailouts. Basically, the Fed has de facto created Royalty in the world. They are the elites, rich, bankers, and the well connected. They know that no matter what.The Fed will save them. The working man has no chance. The head of the country's financial system, Jay Powell, is saying the answer to the country's woes is social distancing and forced injections by the military. America is already finished as a country. The dollar will lose its status as the world's reserve currency. It won't be long, and we won't be able to trade our pretty pieces of paper in exchange for real goods and services. The federal government will have to spend at least a trillion less than it does now. We won't be able to get away with our trillion-dollar trade deficit much longer either. We've been getting a lot of Chinese products at artificially low prices for a long time. An iPhone would probably cost $5000 if it was made in America. Expect the 2020s to be a lot like the 1930s. 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

👉Pelosi Wants to Bailout K Street Corporate Lobbyists Despite The Ballooning National Debt !!

👉Pelosi Wants to Bailout K Street Corporate Lobbyists Despite The Ballooning National Debt !!



The US is facing a federal deficit of $4 trillion in 2020. Meanwhile, Washington may spend as much as $8 trillion in the stimulus. 4T dollars deficit this year, And with all these stimulus bills, we are already over 4T dollars, it will be a lot more. Treasury will now have to borrow an additional $3 trillion just for the remainder of 2020. Plus, 6 trillion added on the Fed balance sheet. The elephant in the room is Inflation. When it comes, It will be unlike any that we have ever witnessed before in the US. The system obviously is at the end of its shelf life. This test run must be exceeding the wildest expectations of its "engineers." Trump's economy has fallen on deficit ears. Make America Poor Again. As tens of millions of Americans lose their jobs during this pandemic, Congress is struggling to come up with another bailout. We have more than 33 million Americans that have lost their jobs in the last seven weeks. Those numbers are going to go up again in the next day or two when we get the new reports. While millions of American workers are desperate for a stimulus package of their own. 82 years and the third wealthiest member in the house Nancy Pelosi, is trying to pass a bailout for the k-street lobbyist. These lobbyists,million-dollar lobbying firms would now suddenly be able to take money out of the paycheck protection plan, which is the small business loan program that's designed to keep these mom-and-pop businesses running. But instead, Pelosi came out and said we want lobbyists to be able to raid it because they've spent a lot of money lobbying to get us to bail them out. Every dollar will go to all her wealthy, liberal bloodsucking friends. Not a dime to anyone else. Don't be a picker Nancy; a quadrillion is the new trillion. We are going to lose the dollar anyway, go BIG!!! You can bet your bottom dollar that anything Pelosi is trying to do is bad for the country. Judicial Watch is reporting that Pelosi tried to strip Voter ID laws from 35 states in the last COVID Bill. Can you imagine how screwed up she has to be pulling that up, instead of worrying about people out of work getting some support for food! If the virus doesn't get us, our degenerate Congress will. K Street refers to the area in downtown Washington, D.C., where many lobbyists, lawyers, and advocacy groups have their offices. It’s become a term to refer to the lobbying industry as a whole. K Street is widely criticized for the influence it exerts over politicians. Analysts argue that lobbyists working for, say, the pharmaceutical industry is influencing legislation in a way that benefits the industry, rather than the ordinary Americans. So Nancy Pelosi is bailing out those who pay her, so she is expecting a kickback for bailing them out. A bailout for the people who's greed caused the crash. This is a Corporate, Bankers takeover! It’s to the point that these politicians received so much money from the corporations for selling out the people that they no longer care what people think because they’re set for the rest of their lives. If this doesn't show you there's not much difference between parties; You'll never get it. They realized that the stupid voters would keep re-electing them no matter what they do. The $2.2 trillion coronavirus relief bill was just the beginning of a Washington lobbying bonanza . But lobbyists are rushing to get a piece of the action in case it evaporates with a cratering economy. They are so eager to bail out their buddies on wall st first. They are the first ones that get paid first while America is treated as second class citizens. We are used as a piggy bank for the rich. With their hand in the jar first. All we Americans are doing is keeping the rich , richer at our expense. K street shouldn’t get one single penny from the US taxpayers! They exist for the benefit of rich corporations. Nancy Pelosi must be removed from office NOW! The whole of American politics should be put in the lunatic asylum. Don’t forget; these are elected members of the house. Change 50% of the folks, and you will change the USA. Don’t blame the symptoms, blame the cause. Now they're just making fun of you Americans. And you're not on the streets because they've scared you with the new corona that has the same number of deaths like every other flu season. The numbers don't lie, unlike the politicians and media that we caught endless times lying. Imagine how they must be laughing at you, hell, even I am laughing right now at how ridiculous the theft has become. Lobbyists are hustling to influence the rules dictating how the first bundle of the stimulus money will be spent, and looking ahead to how to get their clients’ priorities into the next mammoth spending package. The Trump/Pelosi Stimulus Scam gave 6 trillion dollars to corporations and banks. Nothing for 33 million unemployed workers. No UBI. No healthcare. No re-election. Democrats and Republicans betrayed workers. Corporate Democrats work right alongside corporate Republicans. It’s idiotic to think that the corporate “Democrats” are any kind of opposition to Trump. That’s theater. They WANT four more years of Trump; they rubber-stamp all of his legislation. They are running their worst candidate, Biden, because they want Trump. Both are owned by the globalists. Wake up already!! When will the people in this country will realize that both Republicans and Democrats don't give a damn about us, and this is one huge theft! It's totally out of control. They don't even bother to hide it anymore. CHANGE will never happen by continuing to support the corrupt system that oppresses you. Both Republicans and Democrats are stealing all the wealth for the 1% as fast as they can under the guise of a Pandemic. Just look over there (China) while we passed a fake Stimulus Bill that gave all the TaxPayers Crumbs. 6 Trillion and most of it was given to the Big Corporations. I bet most Americans really believe it's China's Fault when they repeat it enough just like Iraq with WMD. They are all on board for the Fleecing Of America. When you GIVE billion to corporate welfare, and you spend trillions on Military defense and then print money with no backing. What do you think would happen. Our government is corrupt to the very top. Our system will inevitably self-destruct by its very design. All it took was a trigger to set everything in motion, and here it is. Now, we HAVE TO abandon the system that's finally failed us, in favor of one that CANNOT fail us by ITS very design. Let's embrace TRUE CHANGE for once. And NOT the 'change' that politicians promise us. Don't allow ignorance to be the fatal downfall of yourself and those YOU love. Biden or Trump? Why even bother to vote? The USA needs a radical political reform. 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 U.S. is printing money faster than the spread of coronavirus. At this rate, why don't they just let us all print our own on napkins; it will be as valuable as toilet paper. The limiting factor in the Weimar was ink, and the wages of the one group that could demand payment, the actual printers. Between the Fed printing, the mindless drooling Pelosi and toilet paper hoarders. I am surprised we have not killed every tree on the planet. They're going to print until the Dollar isn't even worth printing. Politicians are morons; they can't count. They have NO concept of how big of a number a trillion is. Every working American would have about $6k to pay for each $1T spent. (On top of whatever is there) . Therefore, the first $2T will consume about 20% of an average person paycheck. Now, this stupid cow wants another trillion dollars on top of all that! Americans can NOT afford this. Period! When you give away unlimited money, it shows what it's really worth. Here's how fractional reserve banking with debt-based fiat money works. Borrow $1 Trillion, that's debt. Banks lone out $10 Trillion, because $10 of loans with $1 debt reserve; the current reserve ratio is 10:1. The money supply grows by $10 trillion. Banks get about 10% interest on the loans, forever. You can't play this backward. You can't pay off the loans because paying it back shrinks the money supply, and the bankers have collected the interest already. It's all fun and games until you go bankrupt & lose reserve currency status. This does NOT sound positive for KING dollar. We are truly living in interesting times. According to most budget “experts,” Bush and Obama buried a combined $5 trillion in the sands of Iraq. Granted, over many years, but still burning it up would’ve been more productive. All this fake money is the root of all evil. Human existence has become nothing more than a scramble to keep your head above water for the privilege to continue scrambling to keep your head above water. It's when there is no food that gets really interesting! The only Bill I want to see from Congress is a balanced budget bill that reduces Government by 70%! We are now at the stage where we need to SHUTDOWN ALL government employee salaries, pensions, and health coverage. These are clearly extraneous expenses. Government employees, aka civil SERVANTS, ask not what your country can do for you. Ask what you can do for your country. It's time to step up to the plate as the patriots we KNOW you are and stop collecting YOUR paycheck for the good of this nation. We as a nation are under a state of emergency, so Mr. President I ask that you immediately under this emergency declaration cease and desist all payments to government employees and divert these resources to the productive citizens of these United States. Use the newly allocated monetary resources to invest in the facilitation of small businesses, the development of infrastructure, and the protection of the American way of Life, Liberty, and the Pursuit of Happiness protecting our Constitution and those unalienable rights. IT'S TIME. Things are becoming insane. The evil and perversion are getting worse, and governments and societies are collapsing. But yet so many people act like everything is normal. They go on with their normal daily lives like everything is fine, completely oblivious to the collapsing world around them. We can't keep going on like this, acting like everything is fine when the world is actually collapsing. Banks will reap the rewards of negative rates. Again, LEGALLY, they will reach into your account each month and withdraw funds while at the same time lending out 90% of your deposit and charge whatever RATE they like. It is legal theft on a grand scale. Enough with the Spending. To actually reduce the federal deficit, the real answer is “all of the above” cuts to spending and makes sure taxes are increased to cover actual costs. The idea that cutting taxes will somehow decrease the deficit was shown to be false when it didn’t work for President Reagan in the early ’80s. At least Reagan realized the deficit was dramatically increasing and passed a large tax increase in 1986 to at least minimize the deficit. Unfortunately, President George H. W. Bush made the foolish promise of “no new taxes” then realized that for the spending demanded of the Federal government, there was no option but to raise taxes. President Clinton sensibly kept vetoing tax cuts, and at the end of his term, the US had a budget surplus. Defense cuts. Entitlement cuts. Subsidies to energy and public land users. Reduction of federal agency workforce. When the economy is doing well, the budget deficit should be paid off so that in a downturn, there can be deficit spending to prevent a depression. Want a 21% cut in Federal spending? Eliminate interest on the debt by paying off the debt. Want to keep Federal spending down? When the economy is doing well, any increase in Federal spending must be paid for with tax increases. Want to go to war,no paying for it with existing revenues. Taxes go up to pay for it. This will make voters realize what the real cost of spending is. Want a rail system in your city? You pay for it, preferably out of the user fees. That is a way to get responsible spending of tax revenue. Otherwise, the continued deficit spending will result in even more tax dollars are simply going to pay interest. If the federal government now 'covers' the debt of the states that have spent irresponsibility, it will only encourage more of the same. Bankruptcy is the only sensible recourse for those states with all sides taking an equal hit, so it never happens again. That includes the banks, the Unions, and the bondholders. This so-called flu virus was there excuse to do Q E. to save there ass's..!!! It's the same ole song and dance again. Yup, everything is going according to the pandemic, I wonder if the sheeple will ever realize they lost their jobs, homes, and businesses for absolutely nothing. America faces an unparalleled economic catastrophe. What retail sales cratering tell us is two things. First, people stay home, in times like these, even if they can go out and shop. Second, they consume less because their optimism is gone. As the economy adapts to a permanently lower level of spending, a wave of businesses will have to shutters its doors, meaning today’s job losses become permanent, and that is how a whole economy grows poorer. A new pool of people will then have to compete for what jobs there are on offer. That will erode the bargaining power of workers, so incomes will fall further. And what jobs are on offer are dead-end, go-nowhere jobs mostly, anyways: "low wage service jobs," which is the modern American pundit’s way of saying: "you’re a servant all over again, just like your grandparents maybe were." Poof! There go whole centuries of progress. No, I’m not kidding. An economy of people driving Ubers and delivering Instacarts and selling pallets on Amazon isn’t one of the people reaching their potential. It’s not one of the great discoveries and breakthroughs and creativity and imagination, and freedom. It’s just one of soul-crushing menial labor. That is what it means for an economy to grow poorer. The human potential goes up in smoke, and history rewinds. Instead of that chance to become that great artist, novelist, scientist, entrepreneur, yes, you wind up a glorified servant. You could have been something, but now you drive an Uber by day and sell stuff on Amazon by night, just to put food on the table. As a result, society itself grows impoverished in the truest way of all the things you might have created. Maybe you would have discovered that cure, or written that chronicle of the pandemic, or made that documentary, or employed a few hundred people. Now? You’re just another servant, in an economy of them. This is what most economies through history have always been, sadly, and that is why progress means the freedom not to live in the servitude that comes from poverty. Depressions do more harm than we fully know. Americans haven’t suffered one in recent history, but they’re about to. And they’re about to learn, the hard way. Depressions are things for which we have no good words. The opposite of seeds: things which undo harvests and unmake gardens. They are like viruses of the human spirit. They take us backward in time, as they plunge us downwards into the abyss. Headlong enough that way, and you find yourself in a dark age. But that perhaps, is just where foolish, brutal, indecent men like Donald J Trump have always been living and want the rest of us to, too. Rest in Peace, American Economy. ZOMBIE BAILOUT NATION! Got gold? Real, physical gold? I feel that soon the public, the media and "investors" will not only learn why gold is essential but will also find out what today's "money" is good for 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

👉Tsunami of Bankruptcies , Commercial Real Estates & Restaurant Closures , Massive Layoffs !!

👉Tsunami of Bankruptcies , Commercial Real Estates & Restaurant Closures , Massive Layoffs !!






The U.S. retail sales dropped 16.4% in April. The Retail Sales Crash By Most Ever In April, Cars & Clothing Clobbered. Small businesses are struggling and suffering. Housing and automotive sales are done, stick a fork in it. Hard to spend when you had 85% of your income destroyed. Thirty-six million Americans have applied for unemployment benefits since early March. The unemployment rate jumped to 15% this week, the highest since the Great Depression. The housing market, auto industry, bank service, and construction/infrastructure/building trades are all hurting. Millions of newly unemployed low-income workers used to be employed by the restaurant industry, but that industry has been absolutely decimated by this crisis. One-fourth of all U.S. restaurants will be closing down permanently. Restaurants are struggling to welcome back diners in the states that have reopened amid the coronavirus pandemic with data showing reservations, and walk-in customers are still down at least 82 percent. Experts predict that one in four restaurants will go out of business. The American courts are expecting the largest surge ever in corporate and individual bankruptcies due to the COVID-19 recession. Large public companies will likely survive, but small businesses and individuals may not fare as well. Now bankruptcy is a court proceeding in which a judge examines the assets and liabilities of a company or individual that can't pay their bills to determine whether those debts will be forgiven, restructured, or reduced. The process gives people and failing businesses an opportunity to start afresh. Although bankruptcy does remain on a credit report for seven to ten years, so it's going to affect your future ability to get credit. Still, it's supposed to be a safety net. So creditors don't continue garnishing debtors wages or filing lawsuits or liens against them. Historically courts see a rise in bankruptcy cases when there's rising unemployment as we're seeing now in the last six weeks. At least thirty million people in the country have filed for unemployment. So the courts are expecting bankruptcy cases to rise accordingly. And this is just the beginning as we haven't seen the worst of the the economic fallout from this virus yet. The U.S. economy will continue to be caught in this death spiral, and Fed Chair Jay Powell is warning that we could soon see a “wave of bankruptcies” from coast to coast. COVID-19 did finally burst the debt-fueled economic bubble that was keeping conditions relatively stable in the past few years. The commercial real estate is increasingly defaulting on payments because they are unable to collect rent from their tenants. Right now many of those tenants are not able to pay. We're seeing a quiet failure occurring here; restaurants that remain closed, office buildings with empty parking lots, and for a state that has a limited road system we're struggling after losing a vital in-state air carrier that delivered mail, groceries, and people to many of our remote communities. Some of the most common forms of bankruptcy are chapter 7 and chapter 11. Typically individuals and small businesses file under Chapter 7 of the US Bankruptcy Code while bigger public companies typically file under Chapter 11. now under Chapter 7, a company must stop all operations and go completely out of business while a court-appointed trustee liquidates all the company's assets to pay off debts. when this happens all employees lose their jobs. We'll likely see many chapter 7 bankruptcies from small local businesses, including restaurants, fitness studios, hair salons, and retailers. But bigger public companies that have a larger revenue potential than liquidation value will likely file under Chapter 11 of the US Bankruptcy Code. This allows the company to continue operating while debts and assets are restructured. So the company can eventually pay creditors back and hopefully, become profitable again. Now prior to the pandemic, many airlines, including Delta United and American, were able to get out of bankruptcy in under four years due to this type of filing. Now they're in hot water again. Shut down all small businesses and only support big companies like Mc Donald’s and Taco Bell. The president should lead to bankruptcy. He's the guy with the most experience we have in government in declaring bankruptcy. The restaurant business will die as long as social distancing mitigation and restrictions continue to be imposed on them. Long lines, limited seating at 25%, masks in your face, throwing away menus after use, higher prices for food, and a Covid19 fee to sustain these restrictions will result in loss of business and no customers. Going out to eat is supposed to be a pleasurable experience, not a restrictive, paranoia-inducing environment. This will go for all public venues -- theaters, retail stores, buildings. People who are not willing to take public risks should stay home and not go out. They can live off their government checks. As businesses reopen, many are requiring shoppers and employees to wear a face mask. Costco, for instance, will not allow shoppers into the store without wearing a face mask. Many employers require all employees to wear a face mask while at work. In some jurisdictions, all citizens must wear a face mask if they are outside of their own home. It's estimated that 42% of our medical services are in the process of closing; these are our specialty providers that doctors often refer patients to from our large hospitals. To me, we've just lost decades of medical service decentralization as only the large hospitals receiving Federal money during this pandemic are making ends meet. Yes, the lowest compensated hard-working people are suffering, and job prospects are not looking good for them, but the negative impact on our medical services industry and the highly educated and experienced entrepreneurs is also devastating and will impact health outcomes for many years to come. Our working class has been undermined and underpaid for the past three/four decades. Big corporate greed is devouring the workers, along with smaller businesses. The powerless people on the bottom of the food chain get hurt the most, but the fat cats with political influence are able to get the big bailouts. There is not a wealthy person on earth that will not feel the impact of that which is to come. The proud and arrogant will fall, and this my friend is inevitable. As sure as the sun rose this morning, grimace will be found upon the faces of those who make riches their trust. Boomers retiring and millennials going on food stamps. Everyone stays at home. This is great. Expect interest rates to increase dramatically across the US economy over the coming months as defaults rise on most classes of credit, and RISK is finally and at long last taken into account in establishing interest rates on all loans. America went bankrupt nine times; it is the country that went bankrupt the most. Especially MORALLY Bankrupt with our foreign policy and treatment of the environment. Politicians, drunk on power, though they were hitting a "pause" button. They were hitting the destruction button instead. There is no coming back for years. Guess who depends on sales for taxes? Massive layoffs to police, fire, and paramedics coming. So much for saving lives. The economy crashing was not organic; it was caused. Meaning we are under attack, and these businesses are not coming back. It’s sheer madness. The rules are written to accommodate the madness. A doomed strategy from any standpoint except for those that continue to extract profits to the bitter end without regard to society. The definition of “A Banker.” Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Global debt has hit 246 trillion, which is 320% of GDP. The global economy is rapidly falling apart. Hedge Funds and Derivatives have always been a scam, as is much of the stock market offerings. It is speculation offered on pure paper and not much more. The Big Boys will rock the market buy up cheap, and then all of a sudden, those stocks will be worth money again. If their gamble fails, then they will just come in and steal your land your gold and whatever else they can get their hands on. That is the way corruption has always operated, and only a strong ethical, moral compass used by the people has any chance of changing course. One can be reasonably sure that the pork barrel trillion dollars 'stimulus' packages will be nearly a monthly occurrence. If that spigot was abruptly shut off, one could be fairly certain that a crime pandemic will soon engulf the nation with mobs, looting, muggings, burglaries, and violence plaguing neighborhoods and communities throughout the land. Why does everyone need a bailout?! According to real capitalism, you rise and fall on your own merit. That means if you make a poor business decision, you eat it. Not everyone deserves to have a company. And if you keep propping up zombie businesses, you will continue to have a false market. The world is now in a twisted, backward, and upside-down state, where everything is founded on deceit, fraud, and corruption. This present Bizarro World will not be sustained, because the level of insanity required by everyone is too much for even our deranged leaders. Thus, the World System will soon suffer the complete unfolding of The Greatest Collapse in World History, which has already been initiated by the Novel Corona Virus Pandemic, when the criminal Banks Bust and when traitorous Governments Fall. So, the unlimited debt-based spending by the bankrupt, including the Federal Reserve and the Banks, must end with all corporations going out of business, leaving the World engulfed by extreme lawlessness when money and wealth mean nothing to hungry, thirsty, ailing and desperately unprepared peoples searching for safety and security for but just a single day. Thus, to endure, the wise will prepare at the very least thirty days of fresh food, good water, personal medicines, and emergency supplies for all in one's households to shelter in place within communities away from the Great Cities of Man. Where overwhelming floods of despairing hordes will come in demanding safety and security from an emergency communist-socialist planetary regime alone headed by a United Nations proclaimed "The President of the World" global dictator and world savior. The left vs. right paradigm is fake; it's a fraud. Let us fast forward to today. We're talking about mandated vaccines, ID2020, Fed Coin/Digital Wallet Pelosi introduced in the 1st bailout package. The subsidization of corporations which enterprises depend on the surveillance of citizens like Facebook. Trump is mentioning that the military will give vaccines. This imaginative left vs. right paradigm is most closely associated with the movie "Matrix," whereby a black pill pusher shows us the truth. If you learn anything from this developing catastrophe, know this. The Federal Reserve System and all of its adherents are the root CAUSE of your woe. When you're down and out, don't focus your anger on a political party or another such contrived foe. Seek the SOURCE... and then gravitate toward a movement that will KILL it. The virus is the Fed. And the problem is us because we allowed it. It’s well overdue that the people of this planet wake up and come to the realization that the whole world is a cesspool, corrupt to the core where every existing system is failing. We need to realize that MONEY and the greed and power it delivers is the root cause of this dystopia. If we don’t insist on the cancellation of the monetary system and demand a system that treats all as equal, we are doomed, and we will only have ourselves to blame. Moving to a new system is not good enough as it, too, will be corrupted by our so-called leaders. We need a complete system change. 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

👉STOP Bailouts for The Banks, Wall Street, Hedge Funds & Big Pharma !!

👉STOP Bailouts for The Banks, Wall Street, Hedge Funds & Big Pharma !!








STOP The Bailouts for The Banks, Wall Street, Hedge Funds & Big Pharma. STOP THE BAILOUTS; We Can't Save A Fragile Economy With Bailouts !! STOP Bailing Out Big Businesses, Airline Bailouts & Bank Bailouts. The governments shouldn't support unhealthy businesses that are going bankrupt in a few months anyway. That would just be a waste of money. These big businesses don't "learn their lesson" because they aren't allowed to fail. The taxpayers, much like in 2009, will take the brunt of this whole situation. People just don't know it yet. Big business isn’t going to “learn their lesson” because they don’t have to. Much like a spoiled rich kid who’s crashed his third exotic car, they know they’ll get another one soon, and someone else will pay for it. Big Business knows that The Federal Government will always bail them out regardless of Republican, Democrat, Conservative, Liberal, whatever is in government. Anybody who thought Donald Trump would do anything different bought his lie and got trumped. In 2008: The Banks Too big to fail! In 2020: The system is too big to fail! “The strong survive, and the weak don’t, those were the original rules of the game!” ; That was the purest form of Capitalism. Now Crony Capitalism is king. Big businesses will never be allowed to fail because they are headed by people who went to the right schools when they were younger. All big business CEOs etc. are put in place purposefully. They are part of the elite's plan to rule over us all. All the while stealing our tax money in subsidies. Just like personal finance, each business and its management should plan for unexpected events, even tho this particular case is an extreme cause no one could have predicted. Each business should have 6-8 months of payroll and expenses in reserves. The government bailout money is taxpayer money, and even if they are printing new money, it still comes at every American expense through inflation. When the Fed prints money, we are effectively paying taxes to the government while our currency gets devalued. The government doesn't lose anything, but American citizens lose a lot. The Government and Big businesses are partners to rob us. Big banks and airlines are doing EXACTLY WHAT THEY HAVE BEEN FINANCIALLY INCENTIVIZED TO DO. Ripoff American tax-payers and expect free-fed dollars. The real purpose of the bailouts isn't to stimulate the economy. They're to transfer the banks' losses to the taxpayers. He who gets bailed out first gets bailed out best. Banks, Boeing, all the rest of the chosen ones. Bailouts and low-interest rates are what cause the fragility of the economy. Natural selection would dictate that we allow weak hands to fail to have a strong economy. The purpose of the bailouts is not to save the system, but to create enough cushion to transition to a new, non-market, post-capitalist technocratic system. The virus was used as an excuse to provoke the policy response of shutdown/lockdown, which popped the Everything Bubble, allowing for extreme measures by the Fed and the Government. The economy has been placed in Fed receivership for reorganization along technocratic socialist lines. Markets are now officially dead, and centralized management has been established. The labor force has been started along the path towards dependency via UBI beta test programs such as the $1200 payment and the expanded unemployment benefits. The coronapanic was essentially a controlled demolition. While there may be occasional controlled demolitions of select areas of the financial system or economy from time to time, there will be no uncontrolled "collapse." The financial system and monetary system are corrupt and parasitic. There is not enough consensus to change things. The only way to change it is to blow it up. The Fed will think they are saving it by bailing out everything under the sun when instead their MMT/hyperinflation will destroy the currency and hyperinflate away the debts. What we'll be left with is a weaker currency, a return to US manufacturing, an end to the illusion of free money and debt without end, a shrinking of the financial industry. Those that gambled their savings in the financial Ponzi will find it gone, it will just take walking through fire to get to the other side, but I believe it will be better than where we are at. We are now in the post-capitalist era. Markets no longer exist. There has been an economic coup. The virus was used to create a policy response that popped the Everything Bubble and facilitated cover to place the bankrupt and insolvent economy in receivership. The Central Bank cartel is the receiver. A managed reorganization is in progress that will allow the economy to re-emerge from receivership, but it will not be the same economy. When the Fed extends more credit/debt to governments, corporations and small businesses to "save the economy" after production and service provision have massively declined and continues to decline. The result does not immediately restore production and services. Real economic growth is always much slower than economic collapse. Disillusioned and angry citizens will soon start looking for people to blame for their loss and hardship. They were cheated during the 2008/2009 financial crisis and market collapse. They will not accept excuses for this 2020 economic disaster. Best keep them fearful and locked up at home. All the shifting pushes all wealth into the pockets of PREDATORS, not producers. So when the whole mess collapses, the predators will own almost everything, and the producers will own little more than an astronomical pile of debt. The currency is their tool and weapon. They will utilize it UNTIL IT IS DESTROYED AND ZERO UTILITY LEFT. Not sure how anybody could see them as doing anything else. This Fiat money system was designed to do exactly what it has done for 100 years and what it is doing now. The perps made ludicrous fortunes. They played the people of this country for Rubes. And when the whole thing pops, they will blame the current President (probably Trump) as the fall guy. And Tens of Millions of mindless bots will believe them. What I can't figure out is what happens when the Fed owns everything in a worthless currency. The point is that the top of the power pyramid is beyond corrupt and parasitic. They are pure evil. They secretly commit unspeakable acts. But they are not stupid. The fact that they built this system to collapse it, which they are currently in the midst of, will probably lead to an even more evil and tyrannical system unless enough sheeple pull their heads out of the matrix, which appears unlikely. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Wall St got $7 trillion. You maybe got 1200 bucks. The Fed has put seven trillion into Wall Street and the financial sector in various ways. Directly into banks, lending programs, etc., We the people got basically nothing we got squat. Some people got a one-time $1,200 check, and many people are on unemployment benefits, which are temporary. But we gave unlimited amounts of money for the financial sector. We, the people, are getting screwed by the policymakers over and over and over again. Inequality is a product of the system. It's a product of policy. We are the losers, and a very small group of firms and elites are the winners. Constantly over and over and over again. What we get is Self-imprisonment, self unemployment, self-destruction. The Power That Be are getting the Citizens to punish themselves into starvation, bankruptcy, and homelessness. We didn’t have a strong economy before Corona. A strong economy doesn’t have Rates at 1% or Lower and Trillion Dollar Budget and Trade Deficits. Those are signs of a Weak Economy. The 🇺🇸 economy was still weak from 2008 and needed COVID as Cover to Print Dollars like Crazy. Bailouts are for the super-rich and corporations. Poor people are just taxpayers and should not ask for anything in return for their tax money. The problem is Financialism. Capitalism has a bankruptcy code. Financialism doesn't. It just bails bad assets! This originates from 1987, with Ben Bernanke's response to the market crash. It needs abolishing! We need to get back to saving and investing in the future and not borrowing our way to prosperity! The Democrat promise to spend other people's money (i.e., give out free stuff) will always win in the end. The more badly the economy is managed, the more people are deliberately made "dependant upon the State," and the more people vote for the handouts. That's why the Democrats love no borders as it brings in more dependants and more voters. Not saying the Republicans are any better, but its a fact. Or just as Peter Schiff puts it: people vote for freebies, not for freedom. The average Americans used to beg; now, even medium-sized businesses started to beg; the big corporations have been begging for years. What an exceptional country and exceptional people. What should have happened is the government should have let all the big companies failing; everybody loses their job and then received absolutely no help whatsoever from the federal government. And the economy and society should have been left to completely collapse into chaos, and then a beautiful capitalist and free-market would have emerged! But that's not their plan. Their plan is to use those in government offices to reduce their financial losses. Those making the decisions are just knowingly kicking the can down the road. That’s the only plan. The idea those in government could make plans to do anything productive is a farce. They can’t pull off the simplest of tasks, balancing a budget, running things on time and on budget, protecting freedom. The list goes on. And now, they want to run the economy and control the temperature of the earth. But who is to blame? Us, the sheep. But there’s no master plan. They (the government) just simply are all on the same team, with the same selfish motives (as we all have). The only difference is we have given them the key to our tax dollars to use, with almost zero oversight. The majority of people is no longer capable of taking responsibility and accept the consequences for their own actions; bailouts, handouts, benefits, medicare, "government-paid" insurance, subsidies, etc., are just samples of the myriad ways in which we express our unwillingness to accept the outcomes of reality. Already 40 million forcibly unemployed! And Dow up 300 points! Just a matter of time before someone goes off. Then it will be like The Dominoes Fall scene in V Is For Vendetta. "Do you know what's going to happen?" "No. But I can guess. Someone will do something stupid." The government is going to have to do another round of handouts, or the pitchforks will be coming out in June. Our wealth comes from the peoples' ability to labor cooperatively. Governments do not produce wealth, the people do. The government is the real consumer in the equation. Sadly, as the dollar drops further in value, we will all continue to be forced to use it for trade, and those affiliated most closely with the government will be greatly enriched. This can only change when the dollar is no longer used for savings, trade, and to value our labor. It will be a painful transition. The longer we delay, the more painful it may be. Do you see it now? That wasn’t really hard at all. We abandoned our lives, our friends, and our own families, our livelihoods, and we willingly imprisoned ourselves. I’m sure we all thought that we were too sophisticated to fall for old tricks. Far too clever and wise, with our modern technology, to be manipulated by lies. But you have seen it for yourself now, in the space of a few weeks, we gave up. Everything. It’s happened before. In 2008 they robbed us blind with the banking crisis; we have all been in debt ever since. Our children can’t even afford to live where they were raised anymore. And just look at us, right now, today. We have given up our lives for a lie. Everyone, I’m sorry, we’re just too easy to fool. Over recent years, I have watched a lot of pain. But by far, the most painful thing is the truth. USA has become a nation of people not responsible for their actions because they know UNCLE SUGAR WILL BAIL THEM OUT. Well, guess what? The Uncle Sugar HAS RUN DRY. There's no more lining left on the brakes. GET READY FOR A NEW ERA. THE ERA OF RESPONSIBILITY FOR ONE'S ACTIONS. Three problems. - Top 10% control 90% of the wealth. - 85% of the FED funny bucks go the top 10%. - The bottom 70% are fiscally irresponsible due to the illusion the society has created that in order to be happy you have to have a nice house, two nice cars, two nice vacations a year, three nice flat screens tv’s, two or three nice kids, a really nice birthday party for each of those kids every year, really expensive groceries every week, a couple of dinners out each week, and so much more. Why, because we are shallow and bored, and that’s what others are doing on Facebook and all the other lame social media sites. Due to the top 25% driving up the price of everything, that dream is no longer possible, and each bust cycle makes it that much harder for the bottom 75%. Hence, divorce rates skyrocketing, an economy in a perpetual shitter even with all the stimulus, and zero rates. There is no way out unless you start paying the bottom 75% every year just to breathe air. Not a real solution. Real Solution - stop kicking the can down the road and let reality hit. It will be a tough 25 years, but we will come out of it with a new generation that understands budgets and the word no. Until then, the clock is ticking, no escaping what is coming our way soon. The FED needs to understand, "When you're in a hole, stop digging." 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