👉National Debt Tops $26 Trillion - Powell Warns The Deficit is now Unsustainable !!

#theatlantisreport #usnationaldebt #usdebtclock 👉National Debt Tops $26 Trillion - Powell Warns The Deficit is now Unsustainable !!









National Debt Tops $26 Trillion - Powell Warns The Deficit is now Unsustainable !! America's national debt has been ballooning at an exponential rate during the last 15 years. But it has exploded out of control after COVID 19, adding around one trillion dollars more of debt each passing month. On Tuesday, the national debt pushed above $26 trillion. That's greater than all the national debts of Japan, China, France, Germany, The UK, India, Australia, and Russia all combined. Just 35 days ago, the debt eclipsed $25 trillion. And 28 days before that, the national debt stood at a mere $24 million. The U.S. National Debt hit a new record high of $26 trillion last Tuesday on the 9th of June. In the last 63 days, we've increased the national debt more than two trillion dollars. And if nothing changes, if we stay on the same trajectory, by the end of this fiscal year, the debt will be over twenty-eight trillion, maybe pushing 29 trillion dollars in national debt. Because our structural deficit this year is going to reach somewhere around six trillion dollars. In other words, we will have spent six trillion dollars more than we brought in in revenues. The ramifications of this kind of national debt are going to be catastrophic. The national debt will exceed the gross domestic product by about a hundred and ten percent. When that happens, we must confront it, we will have to face the ramifications of it. It took the nation 210 years to run the National Debt up to $2 trillion. It took exactly two months and two days to add the most recent $2 trillion, Peter Schiff said in a recent tweet. The country’s gross debt has now crossed the historic $26 trillion mark for the first time. This almost inconceivable number comes after several months of inflationary measures by the Federal Reserve, which has seen the dollar supply increase dramatically. Today Wednesday, 17th of June, a week later, it has jumped again to $65 billion. The U.S. National Debt was $25 trillion just last month in May and $24 trillion in April. The tremendous increase in debt is due to the response to the coronavirus pandemic, which has only sped up the ongoing global economic crisis. Prior to COVID-19, the U.S. debt had already been growing exponentially for the last six-plus years. In Oct 2019, it was $23 Trillion, in May 2019, it was $22T. In Mar 2018, it was $21T, Sept 2017; it was $20T, Feb 2016; it was $19T, Jan 2015, it was $18T, and Jan 2014, it was $17T. This is not healthy for our overall global economy. The U.S. debt level is growing faster and faster every year, and now even every month. The exponential curve is getting steeper and steeper, if not already out of control; it soon will be. Meanwhile, the federal government just set a record for the biggest budget deficit in any fiscal year — with four months left to go. The US deficit soared to $1.9T for the first eight months of the fiscal year. $3.7 trillion deficit per year, is just over seven times the total of Sweden's GDP. In May, the gap between what the government spent and what it collected hit $424 billion, more than twice the level it was at one year ago. Revenues in May totaled $175 billion — down $58 billion from last year, the result of a decline in wages and overall economic activity. May’s budget shortfall pushed the fiscal 2020 deficit to $1.9 trillion, according to the latest monthly US Treasury Department statement. Fed's Powell warned Congress during his semi-annual testimony that the U.S. budget deficit, which is expected to hit $3.7 trillion this year, is on an unsustainable path. The previous budget deficit record for any year was $1.4 trillion in the Fiscal Year of 2009. Before this year, the federal government had run deficits over $1 trillion in just four fiscal years, all during the Great Recession. The Committee for a Responsible Federal Budget estimated the debt would grow by $4 trillion this year. As interest payments rise, the government will either have to collect more taxes, cut spending, or print money. Remember that as interest rates increase - so does the nominal debt. Someone has to pay for the tax cuts, and guess what? It ain't gonna be the major stockholders who benefited out of it. If interest rates begin to rise, the cost of holding on to that debt becomes more expensive. If interest rates were to be at 4%, that debt would begin draining money from other resources. We will be paying over 400 billion just on interest on the debt. With the ridiculously low-interest rates. If interest rates were 3-5% percent, interest on the debt could become the largest expenditure. Debt eating up all of our income tax payments. No wonder our prosperity is declining. We really can't keep going in this way; it's unsustainable. And that just means the debt is growing faster than the economy, so debt-to-GDP is rising. That is, by definition, unsustainable." The Fed is largely to blame for the debt problem. They lower interest to boost housing and the stock market when wages and real growth has not happened for YEARS. So, people take out higher loans. So people go into debt, spend less on other things, and wages are still low (in comparison), so Tax revenue is just as low. Hence THE DEBT BOMB. And Democrats and Republicans want to give away more free money! The debt load is expected to rise to 125 percent of GDP over the 20 years. That's higher than the US debt-to-GDP ratio during World War II. But perhaps the most striking aspect of the growing debt is the fact there really is no end in sight, and the US has no chance of ever paying off the debt. The national debt is a huge concern, not for our government, but for us. The Fed can just keep printing money and inflate the debt away. For us, though, it just makes things cost more, and our buying power dwindles to nothing. Look at Venezuela and Argentina. Think that is isolated to third world countries? We are on the same fiat monetary system. Just because other countries want to own our debt doesn't make our debt/dollar safe. One day that will change. China is circumventing the dollar by allowing countries to buy oil with Yuan convertible to gold. Why would you buy a dying US dollar to buy oil when you can have a real asset like gold? The problem is that we are stuck in our debt-based economy. If we don't increase the debt, the economy collapses. The National Debt is unplayable at this point. The socialist Republicans will not stop until there is no more paper to print money. And the socialist democrats are worse. If this deficit spending continues, our US Dollar will lose its pre-eminence as the world's trade currency! The USA has already intercepted Oil trading on the high seas... Other countries already don't need the US dollar for their trade. When the dollar tanks, interest will have to be raised. And then, watch out housing and stock market and everything else. If you THINK that you've seen chaos lately, wait to see it when THAT happens. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. With a national debt of over 26 TRILLION and an annual budget deficit of a TRILLION dollars, some still claim we are WINNING. Despite the declining manufacturing data, ballooning national debt, and budget deficit. As interest rates go up, the cost of financing the National Debt is also going to go up. The Government wants inflation to pick up. But they will not increase the Social Security payments by anywhere near real inflation. In fact, over the last seven years buying power of your Social Security has gone down because of the inflation, the Government won't talk about. If inflation starts to get away from this Government Treasury notes, bills and bonds might be the place to stick your money. Remember the 13 and 14% Nixon years. You could have picked up 30-year bonds with a 10%. We’re lucky the US is the world's reserve currency and get a major boost from this, where other countries approaching 100% debt to GDP have trouble selling their debt, and interest rates go wild. But we will find ourselves in a major rate bind when the next recession hits and more deficit stimulus spending is needed to jumpstart us out of it. Soon the world will pull our reserve currency status, and that is going to make some people very unhappy. We are flying blind here, just piling on deficits, and eventually, it is going to catch up, and it will be a catastrophe. Obama DOUBLED the national debt in 8 years, adding ten trillion, that's more Debt than every other previous President COMBINED. Trump has added about $6 trillion to the national debt so far, despite his pledge to wipe it out in eight years and his campaigning on being "the king of debt." Remember, in the primaries Trump stated "we need to reduce the national debt" and then said the great tax robbery from the middle and lower classes in favor of the rich would bring in so much new tax income for the federal government that it could begin to cut the national debt !! I am STILL WAITING !! If you take away the $70B tax break given to corporations, the net growth would be 1.8%. I have to conclude that Trump doesn't know what he is doing with the economy. Why do we need to spend $730B a year on defense? If you add the $300B that NATO is spending, that is more than ALL military spending of all of the other countries of the world COMBINED! However, I dispute the premise that any businessman needs to be President. The government is not a business. It does not produce anything. The money coming in is money taken from the hard work of citizens. We need someone with morals to be President. Someone who actually is concerned with how to spend our money. Yes, we need national defense, we need infrastructure, we need about 1000 other things as well. However, we do not need anything so bad to borrow money outside of natural disaster relief. Everything else can and should be planned for. If we can’t afford something, then we can’t have it. I want a Porsche but can’t afford it and am unwilling to give up a few other things to get it. It should be the same as the government. Businessmen don’t think that way. They borrow and spend, and hopefully, the new product pays for what they borrowed. The government has no new product to sell. Conservatives claim government spending doesn't improve the economy unless it's corporate welfare for the military-industrial complex. The US outspends China by six times and Russia by ten times in military spending. Trump touts increased spending on the military as one of his administration's top accomplishments. The only thing our government has always been good at is literally just spending money they don't have. We literally already pay so much in taxes. They need to cut spending. The defense budgets are completely out of control. But it has always been such a boondoggle for politicians. No politician is willing to speak the truth. Balancing the budget will take three things. Entitlement reform. Cut military spending. Increase tax revenue. Touching one of those three will get you primaried in either party. Fiscally responsible, GOP sent the deficit into the stratosphere. Haven't you heard, since electing the chosen one, debt is no longer an issue, we just default, easy cheesy lemon squeezy. Why would we pay off our debt when we can tell the contractors to take a hike. Of course, we'll still have to cut social security and cut medicare. Somebody has to pay for the wealthy/corporate welfare program. Support corruption, forsake your principles, edify the wealthy/corporations at the expense of the U.S. all. Default on the debt and watch the US dollar become worthless overnight. I hope Trump isn't that insane. The ruling banksters probably think that they are exempt from what happens when the dung hits the fan. They probably even have bunkers setup or compounds on remote Islands. The problem is that even if you have a trillion dollars, you can't buy a can of tuna if there is none. Taxpayers are the proverbial goose that laid the golden egg. Trying to assume that the economy will just continue to grow to cover any rise in interest payments is the epitome of stupid. Personally, I hope we have a crash in the next couple of years so that we can FINALLY have an adult discussion about Federal spending. At some point, the public will demand higher interest rates for Federal debt issued, which will invariably crowd out the stupid amounts of spending on pork-barrel projects, special interest handouts, and the government contracts for defense. Shame on both Democrats and Republicans for this mess. A study of 20 developed countries who became overindebted showed that ALL 20 had to eventually go through austerity to resolve the issue. It is also a fact that NO country has been able to print its way out of debt. With the amount of debt we now have, we will already have to go through decades of austerity to pay it down. The longer we keep racking up the debt to avoid the pain, the longer the period of austerity we will have to go through. And the entire world will be having to go through this austerity - making it even worse. This is just common sense and should be recognized by anyone with a fully functioning brain!! We need a real and huge spending cut program. Starting with the government subsidies (there are over 2200 of them). Eliminate all of them (that equates to about one trillion dollars a year). Subsidies, which always interfere with the free marketplace, are essentially a "slice" of Communism - the most failed Economic system ever. Next, reduce government workers' salaries, pensions (no more full retirements at age 55 or under; wait until age 65 like the rest of us to earn full retirement benefits), and benefits to the equivalent of their counterparts in the private sector. Instead of pensions, put them on Social Security and contribute a small percentage of their annual salaries annually to their IRAs. No overtime pay for management employees. Go to automatic income tax deductions similar to Social Security - no forms to fill out - enabling us to eliminate most of the IRS. Abolish the debt-ridden and job-killing Obamacare. Government regulators get a new job - instead of endlessly creating more job-killing regulations, they start off with a clean piece of paper, make a minimum of needed regulations and eliminate the millions of regulations on the books now. The Fed is extending CREDIT, i.e., enabling more debt creation. They are allowing debtors to dig a deeper hole. Debt is a financial hole, and the first rule of holes is when you find yourself in one, stop digging. At some point, that debt will be defaulted on because the borrower becomes insolvent due to the collapse in the value of the collateral. It is very likely by then that the bond market falls apart and freezes, which means MARKET interest rates rise rapidly and lending freezes. The Fed has ensured that even the "responsible people" who have "done the right thing" are going to be screwed too. Inflation is already a problem. Groceries costs are doubling. Some new cars cost as much as a house. Rent is at an all-time high. Health insurance for a family of 3 is $1400 per month. These are big inflation numbers but will be dwarfed by what continued monetization will do. People are rioting and looting because they are being left behind. If you artificially create inflation in prices while simultaneously creating hyper-inflation in stocks, guess what happens! The non-investor class goes from middle to lower to peasants. And if I am a pissed off peasant, and I see an unguarded AT&T store, I am taking a few iPhones, because I am entitled to them. We have created a Hell of our own making. The US has austerity for the poor, hungry, and homeless folks. We cut back on food stamps, housing subsidies, school lunch programs, halfway houses, mental health centers, drug addiction programs, early childhood intervention, clean water. But there is ALWAYS a spare trillion for the military each year. Since 2009 the nation’s private-sector employers have been adding jobs for 132 straight months – 20.8 million since the Great Recession, and yet, nominal wage growth since the recovery officially began in mid-2009 has been low and flat. U.S. consumer debt is now above levels hit during the 2008 financial crisis. So despite the longest U.S. economic expansion in history, the debt more than doubled, nominal wage growth during record low unemployment is low and flat, the interest rate didn't recover, and consumer debt is at record high level. Understand this, when Social Security just starts to take in less than what is received, which is soon, the debt will explode at an even faster rate!! The debt is getting so big; soon, interest payments won't even be TOTALLY paid. Please protect your family by buying some physical gold and silver, even just 10% of your net worth. Bypass the future food lines and shortages, as people in "rich" countries before have done in times of national upheaval. This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!











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

👉The Fed's Final Solution Buying Corporate Junk Bonds !!

👉The Fed's Final Solution Buying Corporate Junk Bonds !!




The Federal Reserve announced it would begin purchasing individual corporate bonds as part of its emergency lending program to inject liquidity into the virus-stricken economy. And the stock market shot up on these news. Free market? What free market! The Fed basically promised to backstop every shitty credit company in America and zombify the US economy. The market is like a drug addict waiting for its next fix of stimulus, tax cut, or rate cut: private profits, and social losses. The FED has announced they will buy any stock that is down until it is well, not down. Thank you for your understanding. The FED believes All Accounts Matter (AAM) and nobody will be allowed to lose on the long side regardless of intellect or lack of effort. So a zombie corporation with flat or declining revenues can now sell its worthless bonds to the Fed, take the freshly created funny money and use it to back shares of its own stock, thus driving up the price. Of course, we all know the Fed isn't involved in goosing to the stock market. The government is buying corporate bonds with our tax money. Let that sink in a minute. The Fed, which according to Goldman Sachs and Citigroup leaks, has said it will do anything to keep the financial markets whole (even as real people suffer) is doing just that. They're buying bad debt from banks and Wall Street. Is anyone buying your debt as you figure out what to do during the pandemic. This is an oligarchy in plain view. Vote out their minions. The FED is bailing out CEOs and insiders. Fifty billion in direct corporate bond purchasing along with purchasing corporate bond ETF's. The Fed reserve is the only buyer of treasury bonds for the first time in history. And now we have unlimited Q.E. This is what happened in Japan in 1989. The Nikkei stock market has had a slow bleed for 30 years, and cut in half from hit's high in October 1989 It actually never recovered from its high in 1989. EVER!!! We're destined to repeat that mistake (no, humans do NOT learn from history). Many will lose their money and never get it back. I'm on the sidelines. I don't care if it takes a couple of years to crash, but make no mistake; we're clearly headed there. Of course, the Fed is the only one buying bonds. Who else would lay down billions in this environment, with all this risk, for 2-3%? Let me see if I have this right: 1. Instead of a direct taxpayer handout, the fed will buy any corporate junk bonds to keep them afloat just so long as it helps prop the stock market up. 2. The fed doesn’t set a “target” for the stock market but won’t let it find true value and also won’t let it rise too uncontrollably. 3. We’re supposed to believe this is still a free market. It is not surprising that markets will go up every day while the Fed buys up every debt. Accountability for companies is no more. I always wondered how the markets are up this much when last year we didn't have 40 million out of work and the Feds borrowing and printing daily! Yet markets go up every day with promises, lies, and no fundamentals. What happens when it starts heading down? It would be like an abandoned ship just sailing alone. It is going to be fun watching them jump ship when the bow turns downward. The Fed Shouldn't buy corporate bands at all. The Fed doesn't have any money; they are using money from the treasury. They're essentially stealing money from our children to prop up their broken system in the present and ensure those already wealthy remain so. This is going to end bad. Real bad! The system is allowing a company that filed for Chap 11 to issue new shares. That's how corrupt things are right now. Where is the oversight? This isn't part of the Fed's mandate! We're robbing the future generations to backstop the elite. It's criminal. What Fed is doing pumping stock market will result in Costco Toilet Paper more expensive than the US Dollar paper. The Fed is now like the crack the market can’t live without. Looks like the market won’t test the lows and continue to fly higher. It’s very plain and simple, no stimulus big drops while the main street begs for money, Wall Street is burping from taxpayers' money. It is ok for social security to collapse cheating Americans out of money they have paid in their whole life. But we have an endless supply of taxpayers money to buy corporate bonds. Just wait till they convert debt to equity. And the Government owns airlines, oil, manufacturing, retail dept stores, Atlas Shrugged. At the end of the day, the FED owns everything, and we have nothing left but the stock market. The FREE non-government controlled Stock Market. Or is this the Zimbabwe Stockmarket! Pump it up, Powell. The 1%'ers must remain happy. This is state-sponsored communism of capitalism. There are no free markets anymore, meaning it is not market but a forced bubble upwards by the Fed via Blackrock. It will end so badly for the US. The Costco Toilet Paper will be more expensive than the US Dollar paper. And there you go. This morning before anything opened, the DOW was down over 600 to 700 points due to... whatever you want to put in there. The FED steps up, pushes a button, imaginary money is 'printed,' and the markets are saved; again. SCAM. I wouldn't put a penny in there. Be careful, folks. This fake stock market is being held afloat by the fed pumping trillions of dollars and keeping interest rates at almost zero. This market is going to crash, and millions will lose their shirts. Only the insiders (aka congress) and big boyz will be safe. When the market crashes, you want a good back up plan—food and water for a start. The FED (our) money is the money used to make more money for the wealthy 1%..it is used to save the market from crushing and to win the elections. In the end, we will have bankrupt companies with record market values, low-value US Dollar, and the wealthy 1% even wealthier. The Fed is ruling peoples lives with their important interest rate decisions and money printing, yet still, people know so little about who they are, how they became so powerful, which banks own them, who are the majority owners of those banks, why the congress authorized them to print money in the past, which US presidents objected them, why no US institution could audit them except the congress but never done it! And the media don't help the people with these questions! Some claim it’s because the Fed owners own most of the media! There used to be 500 independent news companies in the 70s in the US, now there are only five big, which own everything. 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 knew the market was about to absolutely meltdown again this week, so MORE PRINTING! One trick pony. A great economy would rebound strongly. It would just resume where it left off; it wouldn't need trillions of dollars to prop it up. It would be nice if the Fed could stay out of the market for more than one day. The Fed's bond-buying program looks good on the surface. However, this is why QE can create zombie companies. How do we know if those companies are the virus-stricken companies or the mismanagement-stricken companies way before the outbreak of the virus? I think the Fed should screen out irresponsible mismanaged companies. Let them go bankrupt. The Fed had better inject cash into other urgent places. If the Fed pours money into such zombie companies, we had better make all US companies state-run. As the Fed prints more money, it goes into assets such as stocks, bonds, and real estate. Those with capital get richer. Working-class people who depend on their labor and not on capital get poorer. Donald’s elite economy is not the economy of the middle-class American worker. This rewards speculators and destroys savers. We are all being forced to be rampant speculators, rather than prudent savers. Can this really end well? Like a hot potato that gets hotter with time, someone is going to get stuck holding it, and it is not going to be a pleasant ending for anyone, nor end well for the last in line. So retail sales were down a record of 17% in April, but the phony market was rallying huge because the crooked FED was buying ETFs tied to the S&P, Dow, and Nasdaq. What a CON GAME this is. So much for a free market economy. At least they're telling us they're doing it. I wonder how it is fair for a company that worked to preserve its capital, but now it doesn't get government help and the companies that were run poorly do? Yeah, it makes great sense. Just pay unemployment and let the chips fall how they do. That's the free market for you. Can't begin to imagine how much insiders are going to capitalize on this when they are tipped off on which stocks the fed is about to purchase. Anyone with half a brain knows it's already happening with the ETFs. I never want to hear again that we are a free-market economy, and the U.S. is not a socialist society. The market is moved by the Fed, not by the performance of the companies, and insider from the Fed makes all the money, this is totally illegal. I wonder how it's fair that the taxpayer has no say in which companies are helped and how much they are helped. It's the taxpayer's money! If ANYONE doubted for one minute that the central banks (which include the Fed) aren't in this together, this should help clarify the situation. The 1% all over the world are having an incredible weenie roast, and the rest of us are the weenies. I wonder if the Fed has taken into account the possibility of massive losses due to bankruptcy. The Fed can pump a year's worth of money into the system. Debt will NEVER replace sales. US companies will just go deeper and deeper into debt, as long as the Fed keeps the money flowing. Can't imagine how this is going to weigh on earnings for the next five years, if not longer. Surprised we didn't go to negative rates, like the Japanese. That didn't work either. The market will figure itself out on its own given the chance. Once intervention occurs, it gets worse and worse because there's no more mother of invention to bring on to create new jobs to replace the old ones the government is trying to protect. Federal "Reserve" bank creates reserves in the banking system - basically the authorization to lend money. This is essentially an increase in the money supply, and there is no theoretical limit to the amount they can create, but it is inflationary - more money into the same GDP implies it costs more for the same stuff. This flows through as either a systemically higher P/E ratio, if growth offsets the capital creation, or it's inflationary. Arguably, buying bonds removes them from the money supply pool, so it should be neutral, simply a shifting of capital infection from banks to brokers (not that they are terribly isolated/separate). Either way, it probably means a challenging market path to traverse. Hard to imagine this could be precisely managed. So much for the free market. I Can understand government intervention to stabilize markets suffering from some type of temporary anomaly. But I haven't heard of any currently associated with bond ETFs. There is no reason for the Fed to buy corporate bonds. This is just about keeping the market up. Let the market fall to where it should be, which is closer to the March lows than current levels. Will markets ever be able to wean off of government intervention? I am sick of hearing, "keeping the market up." I think They are doing A LOT MORE than just keeping it up; It's at All-time Highs area. This is Ridiculous! I keep hearing Powell say Feds are doing what they are doing to support markets so they can function. Why no reporter questions him on this and asks how they used to function BEFORE? There are instances in the past when markets corrected 20% or so. If it was a regular business cycle, then why is it different now? Is it that now the top 0.1% are holding the stocks and back then it was the middle class holding stocks. It is surely not because they want to protect jobs as nothing they have done so far has stopped job losses. Unfortunately, the Fed caves into the barking of the White House. Trump wants a rocket ship, and he will get what he wants. Then it will bomb. The Fed is doing more meddling in elections than the Russians could ever dream of. Seems to me that government intervention is like mixing two substances in a centrifuge. Once the government is in the mix, it will be tough to separate it from these ETFs Remember friends; corporations are people too! Taxpayers owe a big debt of gratitude to AT&T for the GOLDEN PARACHUTE for their retiring CEO. He certainly deserves a life pension of $247k/month. Something people fail to understand is that corporate bankruptcy rarely leads to lost jobs. We are literally using taxpayer $ to prop up high-risk investments and provide golden parachutes for the CEOs. The side effect is that we have a bunch of day traders handing out advice like they are Warren Buffet while the man himself sits on a stockpile of cash. How long until the US is in Japan's situation where Bank of Japan owns 85% or more of ETFs on their exchange? Look at the Nikkei chart in 1989; it was at 39K, it crashed 75% and then never recovered even now at 22K, because the Bank of Japan was doing what Fed is doing now; pumping the stock market. Japan went into zombie depression. The same will happen in the US. Americans will hate the Fed and the Government. The Fed will be abolished. People will be so poor. More bailing out the rich at the expense of the middle and lower classes. Everything our corrupt government does now is a bail-out to the rich. This is called maintaining the status quo. The government's job is to maintain the wealth of existing wealthy people at the cost of the middle class. Vote ALL the bums out. Democrats and Republicans alike. Find a 3rd party candidate and SEND A MESSAGE. The Government helping private companies; isn't that called SOCIALISM? This is Socialism at its finest! The Fed is state-sponsored communism of capitalism. The US economy is now a centrally managed bureaucracy. The FOMC is unconstitutional and needs to be abolished. The real United States exists in the majority of the lower and middle class. And right now, the majority are hurting. Great swathes of Americans are struggling, with any dream of prosperity a far off fantasy. And in the meantime, the people who need the LEAST amount of help; the powerful elite who will never worry about having a roof over their head, or where their next meal will come from, are being further enriched on the backs of every American who does have to worry. The word I have in mind is evil. This is pure, unadulterated evil playing out in front of us. I don't CARE where the money is coming from. Trillions upon trillions of support are being fired at the stock market to prop it up to give the illusion of a strong economy. Imagine if a PORTION of that were funneled into healthcare, education, poverty. This is evil. And those lucky enough to participate in this Fed-fueled rally are too blinded by greed to see or care. It's time to wake up and ask when did this country morph into something so grotesque? When did the free market die, and why did we let it happen? Why are we celebrating an elite few siphoning up all the wealth? In the coming years, the rally cry won't be against systemic racism. It will be against the concentration of money and power into the hands of the few. That is where the real battle lies. Now, if only the stock market was related to the average citizen. Unfortunately, this strong market is an indication of a lower standard of living for most citizens. Inflation is apparent to anyone who does their own shopping. A dollar doesn’t go as far, and most of us still aren’t getting raises equal to inflation. Eventually, they have to stop printing money, and putting it on the taxpayers, coupled with inflation or Wallstreet, will be a boom while the rest of us can’t pay the bills. This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

The Coming Pension Crisis will make the Pandemic look like a Party !!

The Coming Pension Crisis will make the Pandemic look like a Party !!






The US pension plans warned they would run out of money by 2028. At the moment, a number of US public pension plans have barely recovered - if at all from the 2008 financial crisis - now to be hit with the continuing economic fallout from the corona-crisis and domino effect of historic unemployment. An alarming report in the Financial Times warns that seven major public pension plans are due to depleting their assets by 2028. The retirement crisis will make the pandemic look like a party. So many, for whatever reason, have no savings at all. They will vote to be helped. The Medicare trust fund will run dry as early as 2023. Payroll taxes and premiums will go up, while benefits will go down, or some combination of that. Social Security will use up the trust fund by 2034. The national debt is projected to be 50 trillion by 2030. We'll have to print more money, meaning inflation. No politician has even pretended to address these hot potatoes. I'm not saying it will all play out this way, but it is undeniable we will have many, many, many millions of seniors that will not be able to provide for themselves. Almost a third of Americans say they may never retire because of coronavirus hardships. This country is in for a bigger crisis, with so many Americans having zero savings and getting older. The Social Security issue MUST be dealt with NOW too. It's due to run dry soon. The Covid-19 pandemic has crippled economies all around the world. From healthcare disasters to black swan financial events, it has been quite some time since the future has seemed so bleak. The politicization of the virus is the problem. And all meant to destroy the economy. According to a story originally published by CNBC, this widespread financial strife has caused more than one in four Americans to raid their retirement savings. "40% of Americans Have Less than $1k" and "75% of Boomers Have Less than $10K for Retirement" and "Boomers STILL Carry More Debt than Investment and Savings. Only about 10% of the working population has ANY savings to speak of. This is the only generation less prepared for retirement than they were even two years ago. A 2018 study by Northwestern Mutual reported about 1/3 of people nearing retirement had less than $5,000 saved for retirement. As a society, we are not generally well prepared for old age or retirement. Yes, some people grew up with smart money parents, others did not, so we had to learn on our own. Teaching money management and financial investing, a good budget, etc. is absolutely necessary. These are survival skills that an educated society should provide their citizens....don't leave it up to chance or we will pay the consequence. ALL Americans will retire. It just depends if it fits on your terms or not. At a certain point, after being let go and unable to find another job, you are retired. If you're self-employed, you can work as you want. Some folks go till they drop. If the pandemic accelerates, "retirement " will come with an oblong box or cremation. You may plan to never retire, but believe me, you will for one reason or another. Start saving money, cut the cable bill, the telephone bill, the vacations. Don't buy an expensive car. Believe me, you will retire someday due to health issues or just because your employer wants a worker who is younger, healthier, and will accept less money than you. A lot of people will likely be forced to retire. A lot of jobs will not come back, and when they do, you can bet older workers will be the last hired. Corporate America has no need for you past age 60. Many of the 55 - 60 years old are being forced into retirement early because of the virus. They have been laid off with no chance of being rehired. They don't show up on the unemployment numbers, but they are here. The unemployment figures are false and much worse than indicated. By 50 years old, you should be prepared for retirement. I can't believe how many people think they can start saving for retirement "later." "Later" is promised to no one, stupid not to start immediately. Besides, wealth is a function of time and money, more time, less money, less time, much more money (contributions). Time marches relentlessly on, it can either be your friend or your worst enemy. I know many folks 50 and up that were laid off during the great recession, never to have found a decent paying job again, and the same is going to happen again now. Then you've got a significant chance of becoming disabled due to illness or injury. Maybe your body just gives out you can no longer do your physical job any longer. If you've waited, it's too late now. If you want to talk presumptuous, it's assuming you can save "later." THE PROBLEM IS NOT THE VIRUS BUT MONEY MANAGEMENT. IF ONE IS NOT TAUGHT AS A CHILD TO RESPECT MONEY, THEY WILL BE AND STAY POOR. If one event can ruin your retirement, then you didn't plan very well to begin with. The simple truth is 45 years is either a lot of years of good decision making or a lot of years of poor decision making. There's going to be a huge spread between the 65+ haves and have nots. It seems each new generation becomes lazier than the previous one. They want more entitlements, but they're less productive. The newest working people, those just graduating from college, got a good lesson of what living paycheck-to-paycheck will do. Hopefully, they will understand not having a subscription or two, having the newest smartphone to order your coffee and leasing the BMW isn't so important if you have zero savings of some kind. If you are working and unable to save at the very least 10% of your pay, then you are spending too much. Or you're not making enough. Saving is not a hard concept. Savings takes self-discipline. The key was (still is) don't spend a lot of money on depreciating assets like cars and clothes. You gotta live within your means and save for the rough times. People were crying the second week out of work with no paycheck. These people are obviously doing something wrong! If 2-3 months laid off, and possibly making more in unemployment/stimulus money has ruined your retirement, you were already a financial wreck before coronavirus. Simple rules: 1) Live below your means - not just within your means. 2) Purchase items used if possible, such as a car. I only purchase used cars and keep them for 5-7 years. I do purchase new cell phones, but I keep those around three years on average. 3) Have at least three months of emergency funds. More is better, but three should be the minimum. 4) Invest early and often. 5) As you get older - and closer to retirement - slowly switch a percentage (40-60% depending upon your specific circumstances) to more secure investments. 6) Take on as little debt as possible. I do not know what my credit card rates are as I always treat them like cash and pay them in full each month. I only take on debt if it makes sense financially. Regardless of your income, it is possible to prepare for emergencies and invest in retirement. It simply requires discipline to do so. Should have had some emergency savings in place to sustain you for a few months WHEN the economy goes south. If you're holding a nice smartphone, drive a nice car, and live in a house you couldn't afford, then you only have yourself to blame for having to work until you drop dead. Live within your means, plan for the future, and don't count on somebody else to come along and support you, because they (probably) won't. If you are having trouble making ends meet, here are a few tips. -Cancel unnecessary subscriptions, cable TV, Netflix, prime, etc... -Shop around to save on monthly services like insurance, phone, internet, etc... -Buy second-hand items whenever possible: cars, furniture, clothing, cell phones, etc... -Buy the lowest-cost, smallest house that meets your needs (not your wants). -Cut out unnecessary spending on restaurants, coffee shops, etc. Make your own meals, do the brown-bag lunch thing -Don't spend a lot on gifts. Make your gifts. It's lower-cost and more meaningful. -Don't do stupid stuff. -Shop around for a better paying job. Compare total compensation, including wage/salary, 401k contribution, HSA, health insurance. don't include BS benefits like pet insurance, free massages, or other things you don't need. -Don't buy pet insurance or spend a lot at the vet. What this virus has exposed is the lack of an emergency savings account and basic financial planning. And stagnant wage growth for the last decade has not played a role! When a person has no cushion, Covid-19 doesn't make much of a difference. Boomers do have one advantage, though. Our parents grew up during the Great Depression, so the idea of savings was drummed into us during our childhood. It doesn't mean every boomer learned, but many did. 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 pandemic did not create the "retirement crisis," it has been there all along. And the Federal Reserve Bank is not helping millions of retirees being made complete fools of with money in banks and credit unions at around .01 percent interest. They are being robbed by the Fed to pump up Wall Street speculation into the latest balloon. This is not going to end well. If the "Fed" stumbles and falls, which I think that it will, the wealthy will just run away from the Hindenburg Finance Disaster and just create another scheme, probably "digital" this time. Hardly anyone "saves" what the privately-owned Federal Reserve Bank can just create more on in minutes on computers or taking a while longer, printing up debt "notes." Most of us, myself included, will get badly hurt if this grand scheme of paper and computer digits crashes someday. The money given away by the government this year will reduce the value of your retirement savings by 20%; REAL inflation is that huge. The weak financial condition of seven US public pension plans threatens to deplete their assets by 2028, leading to severe risks for the living standards of thousands of American employees and retired workers. Many US public pension plans had not fully recovered from the 2007/08 financial crisis. As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or lifetime payments from their pension could boil down to one factor. Whether they think the employer will be able to meet its long-term commitments. There are over 5 trillion dollars in 401k's, and you can bet the government is absolutely salivating over the possibility of taxing it or even confiscating it "for the greater good. Using 401k law to fund retirement has always been perilous. While the current stock market drop is understandable, many market swings seem baseless, and the result of both can and do ruin retirement plans with no fault of the retiree. There should be a law that companies must contribute to a funded retirement plan run by the Federal Government. In most developed countries, something along this line is done, and since all those countries and companies within those countries figure out a way to be competitive, we should be able to figure it out also. Last, the law must include a provision that the Government cannot use the funds for any reason other than to disperse retirement money. People have spent 40-50 years applying themselves. At what point do they deserve to start living? They gave their best years to this country, and in return, it spat in their lap. The elderly should be taken better care of in this country. They spent their entire lives working for corporate America. It's time for Corporate America to pay them the thanks that they deserved. That pitiful living wage during their best years is not enough. A lot of working people don't realize how much of a burden debt is as it's become a way of life. Maybe this pandemic will make us realize that just because we want something, it doesn't mean we have to get it. Freedom from financial stress is what we should aim for. Let's be clear. Not only were Americans not financially prepared for a pandemic, but Corporate America wasn't either. How many businesses, both big and small, are shuttering their doors. Businesses couldn't afford to keep paying employees, rents, etc. any more than the average American could keep paying for their basic expenses either. I hope the finger-pointing and BAD CREDIT judgments get reined in. Being a consumer-oriented society, we have been pushed to the limits to spend. A capitalist nation depends on the consumer to spend and spend more. However, recently, due to the ongoing lack of confidence in our economy, many people have turned to save instead of buying for buying's sake. This has sounded alarms in corporate boardrooms. Their goal is to get spending back on track. Larry Kudlow mentioned that the retail sales numbers would be great for May. But, he failed to include that much of that spending was done with stimulus checks. He also didn't state that credit card spending was also up. People are resorting to Credit Cards instead of cash savings. What happened when the stimulus ends and credit cards get maxed out? The pandemic brought an important lesson home to everyone. It has taught us that anything can and will happen and not always good. You plan a budget, then try to stick to it, set aside some money for emergencies, and prepare for the future. Generation X's have a long time to retirement, so they have time to recover from the downturn in the employment market. It will be slow at first. I think we'll be told one day to thank God our president is saving the economy by issuing new, strong money. We'll be told our non-patriotic old money will not be good after a certain date or after a bank holiday. At that point, if it happens, spend ALL your old money on food. After that, I can't tell you. Good luck! Save money. Money talks during a disaster, including finances. Most people put way too much faith in the stock market. Quick gains also open you to quick losses. Buy gold, Silver. Stay away from this market for now. Just wait for the burning smell of speculators to get a sniff of what is heading our way. Markets are way overvalued and will see a massive fall. There is no justification for stock prices when the entire nation is still suffering from this Virus. It is not going away because Trump says so. We haven't seen anything yet until the fall, which is only 16 weeks away. This virus will haunt us again worse in the fall. The FED response has been almost criminal yet continues to persist. I think we may finally be at the breaking point of this fiscal policy since too many people are using it to speculate on values going up no matter what based on FED support, which has created an enormous bubble that can only be addressed by either reducing support, or a massive collapse. A 2nd wave is guaranteed here in the states. The second wave of virus + Riots = stock market's doom. This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!




















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

👉 The Stock Market due for a Crash , Facebook releases Libra , The Fed behind the Robinhood App !!

👉 The Stock Market due for a Crash , Facebook releases Libra , The Fed behind the Robinhood App !!







There are no investors in the stock market; there are only gamblers. The only reason you buy a stock is because you think the price will go up, and the only reason somebody is willing to sell you that stock is because they believe the price will go down. One of you will be wrong, but by the time you figure out who is right and who is wrong, one of you will have cash in your checking account, and the other will have a piece of paper called a stock certificate. Apparently, every generation has to learn the hard way about stock market bubbles, and now it's Generation Z's turn while they're stuck in lockdown with their Robinhood app. But, this stock bubble is exceptionally obscene when the real unemployment rate is over 20%. Always arriving but somehow, never getting there. It is a sucker's market, folks. It is rife with amateurs buying bankrupt companies, companies heavily in debt - all in the middle of a Recession (more like a depression), under the belief, that you buy low and ride the crest to the top with this supposed, "V" recovery coming! Meanwhile, the seasoned investor is out there, knowing fully, that all hell is going to break loose and it is going to be an "S" recovery, with a highly "juiced" (by the Fed) S&P to give the appearance, that a recovery is in full swing. Run the other way, or you WILL LOSE your shirt! The Federal Reserve is what really propping up the markets. They went on a buying spree to purchase billions in corporate bonds to save corporate America, mostly through ETF's. In fact, Blackrock, Inc. recently came under scrutiny for its cozy relationship with the Federal Reserve, who has bought more stocks through them than any other asset management firm of its type. Now they started buying corporate bonds through ETFs.This will most likely turn like Japan, where the Fed is buying stocks. Stimulus money always ends up in the market. Corporations are buying their own stocks with the free money. The FED just injected 5 trillion and bought every failing asset in the US. The Fed can basically do whatever it wants with no consequence to the Fed. The consequences will fall on the rest of us. What else is new? Nepotism. The US taxpayers will be responsible for paying the trillions in additional debt. Why has the stock market soared? Because originally, the Fed has supplied cash to bolster the economy. However, stray cash is going into the stock market. Also, human beings' greed has been overriding all kinds of concerns about the dismal economy. Greed has created rampant speculation. Therefore, all gloomy economic indicators are meaningless to people. Actually, they have intentionally turned away from the gloomy data, seeing what they want to see. This is why the stock market has been skyrocketing, even without the recovery in the economy. The oversupplied cash and greed have separated the stock market from the economy. The Fed's prime directive is to maintain inflated high stock market prices to continue the Trickle Down Economics, while publicly denouncing the trickle-down concept. I look at buys on these companies. No way individual investors can buy 100000 shares of these stocks. The money involved has to be from institutions. How anyone can't see that is beyond me. Fed working low volume at night bidding against themselves. Your tax dollars at work. People have figured out the pattern buy at closing sell in the morning. Just to be clear, we are still in a bear market. We just had the bear market rally. Implied P/E on DOW is almost 25. We have a long way down to go. Everyone knows the market can't go up another 10% this summer, the Fed stimulus is factored in, and so this will all die off, and we'll start seeing the more typical market actions with the occasional pop and drop on some news. The stock market is amoral and has no care for anything except profit. I just cannot see how this is sustainable when it’s fuelled by a Ponzi scheme. If the market keeps going up, then I would bail out in October before the election. It just feels like something is going to pop a relief valve this year. It looks like it is finally time to short the market. Robinhood is probably none other than The Fed and their magic money printing machine. A clear sign we are on the verge of The Great Reset. Bizarro Robinhood App is rigged to steal from the poor and give to the rich through stealing their trade data and selling to Wall Street to further manipulate on their Not Level Playing Field. These commission-free trade apps are designed to steal from the poor and give to the rich by selling their data to Wall Street. How do we know the Fed hasn't figured out a way to open a million individual trading accounts with Robinhood? Buying stocks directly now, are we?... The Robinhood meme is being used to generate FOMO. Don't be fooled by the propaganda. It's a honey trap. When the elite let you into their rigged game, it´s because they need suckers before the plug off. All these retail gamblers will end up squeezed. This is what happens 90% of the time to gamblers: tiny win, win, win, big win, huge loss. GAME OVER. Thanks for playing. The Fed is propping 401K and retail. This time the suckers are winning. As of June 10, the S&P 500 was up nearly 1,000 points since its low in late March. There's a lot of economic uncertainty abounding these days. The US market had soared about 30 percent since the trough, driven in part by record amounts of the central bank and government stimulus, leading to worries the rally had become too detached from economic reality. In the face of a breathtaking disconnect between Main Street and Wall Street, largely based on overconfidence in free money, my sense is that there remains a crisis ahead that will emerge ‘gradually and then suddenly. Things go up until they don’t. I’m more bearish than ever right now. So if the momentum changes, there will be nothing to support these overpriced stocks. In other words, get out before the rest. Never try to call the top or the bottom. We are much closer to a top than a bottom, so the greatest risk is to the downside. They NEED MORE TAXPAYERS MONEY TO BURN IN SPECULATION AND SHORT SALES. THE HELP GIVEN RECENTLY ALREADY went up in SMOKE! We are in a recession already. Forty-two million filing for unemployment- bailouts for everyone. Five trillion deficit and plenty of failing businesses. The V-shaped recovery is no longer likely. I think reality will sink in around the end of the 3rd quarter when the extra unemployment benefits run dry, and unemployment is still high. I think real estate is in for a big shock between now and year-end. Logic has left the market when people think Hertz is still a buy. Fabulous and permanent losses coming for inflated B.S.market. It is going to be catastrophic for we the people, as every 401K in the country is tied to these stocks. Not to mention the Pension Funds in general. EVERYTHING in this market is RIGGED FOR THE RICH!!!!! WAKE UP AND LOOK!!! THIS IS NOT A FAIR MARKET IT IS RIGGED FOR THE RICH!!!! AND STUPID PEOPLE SUPPORT IT! If you hold any of the stocks, you better sell them fast. I would stay clear of this market. They will steal your money. It is all digital. They see you, worse than a casino. You are not in the Illuminati insider trader mafia; they will steal your money. Charts change direction as soon as a pigeon (non-mafia person) “invests” with the market scam. IOW, all of the 'algos, quants, BTD, data analysis, charts and graphs, ad nauseum' were horse manure. Only really long involved and huge money players like Warren Buffet and Carl Icahn and their ilk who occupied the rarefied atmosphere of finance ever made any real money. And that was because of their longevity, their access to insider information, and their reputations as 'financial geniuses' and finance-world A-listers. Kinda like how Tom Cruise and Steven Spielberg are Hollywood A-listers, whose longevity, records of success, reputations, power, etc. give them access to the money and resources for movie-making that some bit-part actor could never achieve. IOW, the whole finance game has for many years (since the cabal gained total control over Wall Street and our government) been a rigged casino game in which only the A-lister power-players win. And the rabble retail investors in fly-over country lose. The 'data analysis, algos' and all that other horse manure were just bright shiny objects to make the rabble think that the game was clean and not rigged and that they had a chance in the investment game. I have one tulip-bulb that I will sell for two riverside town-houses!! Everyone seems to have bought into this "Fed will save everything" and "it will be a repeat of 2008" mindset. The issues I have with that are, in 2008, the Fed stuffed money down the throats of big business and fattened up already fat accounts so that their books looked good. Once the crises were deemed over, those corporations used that money for buybacks and various other schemes to boost the stock and enrich the upper management. Today the environment is much different. Instead of fattening up accounts, the Fed money is being used to keep corporations solvent, and much of it is being rapidly spent. Corporations are taking in massive amounts of debt to add to the already massive amounts they racked up with their self-enrichment schemes. All this debt will weigh heavily on earnings well into the future. Bottom line is, if "Investors" are "betting the house" on a Fed fueled explosion after this is over, they may be disappointed, as the money to do that has already been spent... People say that the market is a forward-looking indicator and always rallies six months before an actual turn in the economy. The truth is that it is almost perpetually in rally mode, and like a broken clock ( hit and hope), it eventually gets it right. We may still find ourselves testing the bottom. The main driver of stock prices is supposed to be earnings and revenue. This year's earnings for most companies will have a significant decline. Many company's earnings in 2021 will be lower than their earnings were in 2019. In the near future, the big players will reverse and start shorting the market and push stock prices down. Spikes in every state reopened, and we have yet to see the effect of the mass protests. Earnings are the core driver of stocks over the long run, so this short-run speculative bubble that has been created will soon pop. Hopefully, you did what a lot of people did on Friday and take some profits and put some cash on the sidelines. I wouldn't want to be a margin trader in this market, and no, just because you defy all logic and your stock still goes up, that doesn't mean you're good at picking stocks. That just means other gamblers are playing the same losing bet. No bear market. No bull market. This is a kangaroo market. Pullbacks and rotation by those faceless criminals! Where is SEC now? The only way to stop robbing pullbacks is to investigate and arrest those criminals (the worst kind - those big trade firms) behind selloffs and meetups. So-called market is the kind of Ponzi scheme, as old and dirty as, if not more than prostitution. Our whole market is smoke and mirrors. Stocks of bankrupt companies going bananas despite companies being broke. USA service economy, will not give real jobs to real people. Businesses aren't paying their rents; landlords aren't paying their mortgages. Fed is propping up the banking system while forcing everyone to pay their debt. Forbearances are coming to an end soon. Let the banks fall and restructure them later. We need a debt jubilee. We are running out of options. Rebuild the middle class and give them some wealth by letting them stay in their homes. This is the reckoning of over 30 years of stagnant wage growth, stagnant purchasing power, the destruction and outsourcing of good-paying jobs, industrial de-investment in the U.S., debt pyramiding, market manipulation, central bank planning, speculative stock investing, the ability to borrow money on the cheap, massive wealth consolidation in the form of inflated stock and asset prices..... All leaving our economy in a fragile state and the average worker most vulnerable to the pain of a collapsing economy. The world's wealthiest and most powerful country (we keep telling ourselves that) couldn't figure out a way to keep 40 million people employed. What an embarrassment. Aside from that, If you want to ride the madness and make a buck out of it. Facebooks Libra coin just got released 1 hour ago! You should get some fast because they have a sale at the moment, but it could be over soon because everyone is buying in. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Where would the market be if companies' policies not dictated by stock price, no stock buybacks could be done, and QE was not 6-10 trillion dollars, and some type of common accounting practices were actually used. I want to say the market would be around SPY: 40-60. I think its like 300 now. Got as high as 330. Just kept going up and up and up. No chance to ever get in. Because when it does go down two seconds later, they come with the firehoses and dump a shitload more money on it. You have like 2 minutes to make a buy before its right back to where it was. No thanks! Rigged Casino, with algos, front running bid and ask. How can it even be called a market? It doesn't even resemble one. It is just some tainted fake ATM that just spews out fake cash nonstop. The heart of the problem lies back in the '70s when the Fed, along with Republican and Democratic senators pushed bank "reform," which just repealed major acts that regulated the banking industry, monopoly laws, etc. Along with this came the removal of the gold standard in 71, which then started the printing frenzy, and the stock market exploded (alongside gold, unlike now). The QE/Stock buybacks/TARP is just what happens when the tide rises, and the rats start to flee the ship. It is essentially the beginning of the end of the US dollar as a global hegemonic currency. If you got rid of the buybacks, QE, etc. you would just prolong the inevitable by a few decades, but the rot is still there. The FED still has complete control, still unelected, still deciding how much money to pillage from future generations to keep the system solvent. The algos and High-Frequency Trading are just one way the large institutions can further steal down the chain. The Fed steals and sends the money to the banks. The corporations steal by getting credit with little interest, pumping corporate paychecks, and paying 0 taxes. The algos steal even more blatantly by getting essentially premier access to the stock market. If you think Forbes 100 is correct, think again. I'm 100% certain there are individuals walking in the US today whose net worth eclipse Bezos and Gates, yet no one knows about them. Think about being in control of where $5 TRILLION goes to. How easy it would be to send just 1% of that money through various entities to a private bank account in the Bahamas. COVID 19 is about engineered economic collapse meant to accelerate bringing in the new monetary system. The new system is not currency; it is a credit system that will give the elite even greater control. The goal is control, whereby humanity is transitioned from freedom to slavery. If you know anything about the present financial system, you know that is already the case; however, the new system will be many many times worse. By cooperating with the COVID narrative, we are accepting a slave system that the vast majority cannot even comprehend at this point. The next President will be blamed for our out of control debt, the high unemployment, etc. If I were Biden, I think I would say no thanks for the opportunity, but I'll pass! Let Trump deal with the mess that he has created! Many have fought the Fed; few are still alive to talk about it. This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!



































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

👉Sovereign Debt, Matters : We are in a Fat Ugly Monster Bubble !!

👉Sovereign Debt, Matters : We are in a Fat Ugly Monster Bubble !!



Total U.S. debt reaches $55.9 trillion amid significant increases in corporate and government borrowing. Total domestic nonfinancial debt jumped by 11.7% to $55.9 trillion, the Fed said in its quarterly statement on domestic financial accounts. The debt had increased by 3.2% in Q4 of 2019. The biggest debt gain comes on the business side, rising 18.8%, while federal government debt also jumped 14.3%. Total federal debt recently passed $26 trillion. We have raised 96% of that debt ($24.5 TRILLION debt) since 1981 or less than 39 years ago. It took the US over two centuries to accumulate its first trillion dollars in federal debt, a number which was surpassed for the first time in the fourth quarter of 1981. What is stunning, however, is the recent pace of increase: total debt was "only" $23.5 trillion on March 23, the day the Fed unleashed unlimited QE, meaning that in two and a half months, the US has added $2.5 trillion in debt. And the punchline: the US added the last trillion dollars in the shortest time on record, achieving this remarkable feat in just one month, since May 4, when the total debt was just under $25 trillion. We added an extra trillion in just last month. That means the debt will double by 2022. Imagine if the average middle-class American planned on doubling his debt by 2022. What could be bought with money totally another mortgage balance, student loan balance, car loan balance, and credit card balance. We're talking $500,000 or more plus salary, to spend in just two years! The COVID effects are starting to snowball down a hill. Wait until the forbearance period runs out, and housing gets sucked in. The roller coaster is just getting started. Fiat bugs and mutants who say debt doesn't matter are going to find out the hard way that debt does indeed matter. The new slogan, sovereign debt, matters! We are 26 Trillion dollars in debt. The government has agreed on a stimulus of 5.5 Trillion dollars and another 3 Trillion dollars next (8.5 Trillion dollars so far). This basically means that our national debt is going to be in 30 Trillion dollars range. Household debt rose 3.9% due in large part to an increase on the mortgage side of 3.2%. Consumer debt rose 1.6%. Only Private-Citizens with Student Loans get NO BANKRUPTCY PROTECTION. I give it a couple of months when the credit cards of the people who are already maxed out stop working, and there's no new income to pay off the minimum. Meanwhile, food will be more expensive, and EBT benefits will not rise in tandem. From 2016-2020 we have tripled our budget deficit and increased our national debt by 20%. Future generations are going to have to pay for this. It's very clear that EVERY President keeps adding a few Trillion dollars, and more specifically, Trump and CoronaVirus are adding a lot of Trillions of dollars to our national debt. This debt is like an ever-heavier weight spread across a population that isn't growing, and eventually, the policies of avoidance will crush whatever is under it. There is NO WAY we will pay off the national debt. We will simply pay the interest until we can no longer even afford that; then it's a complete collapse. The big cities will go first and hard. Supply chain disruptions will be massive, and the cost of living is off the charts, so people will get behind the eight balls almost immediately when the people who are living above their means suddenly lose their income. Then come the street gangs. There is a reason Trump is activating National Guard on the east and west coasts, and it's not because they are fighting the virus. The Collapse is inevitable. No politician has the guts or brains to save the current system. The time to protect whatever wealth you have is now, as stagflation and eventually, hyperinflation will wipeout whatever value is left of the U.S. dollar. It will never get fixed until the system collapses. Talking tax increases and benefit cuts does not win you votes. Trump wants to be re-elected if that means financial collapse and the middle class destroyed, so be it. Maga! He said he was the King of Debt, and he ain't lying. Winning! Which is why there is exactly NO alternative to saving in gold. "Investment" is dead anyway. Return on Investment has been reduced to zero under a flood of printed paper credit. Bank accounts are certificates of confiscation. There's zero yields anywhere unless you are prepared to accept the enormous risk, and real-terms, organic "economic growth" has been gone for years, never mind what the useless "GDP" data releases blurb out. Just put the debt into the stock market like the rest of us. No risk and unlimited money! We're ALL gamblers now, bettors because that's all that is left. The Weimar Republic will look like paradise compared to what's coming. Extraordinary to me how the average Joe really has no clue about the epic seriousness of all this. Printing still requires supplies and labor; computer digits don't. And that, my friends, is significant. Fun Fact: By mid 1923, Germany's central banks were using more than 30 paper factories, almost 1,800 printing presses, and 133 companies to print banknotes. And don't forget about the $250 trillion in unfunded liabilities boys and girls. That is debt, no matter how you slice and dice it. America is $250T in the hole, but everything's going to be alright, folks, not a problem. That includes the unfunded promises for Medicare and social security. It’s unfunded even though our employers and we sent the money in - because corrupt congress stole it. So they will have to borrow to make the payouts - which seems like we paid twice. Now we see why smaller government is better government; They stole more than our social security payments. They undermined our life's work into nothing and made us pay for the weapons they will use to shut us up. The US economy to debt ration is equal to that of Greece’s ten years ago, and that is using a US pre-Corona economy. The next six months will be interesting. The rate of U.S. Debt growth has gone parabolic! There is no turning back from this insanity. The only out is through a smoking pit of disaster, crawling out the other side to start over. The federal government has a huge balance sheet. Oil and gas leases totaling more than $150T for starters. It must be nice to leave your fiscal mess to someone else. Politicians only know how to spend. The nation is bankrupt. Sooner or later, we will have to declare bankruptcy; or borrow from an unknown source to pay the debts. Then whoever we borrow from will pretty much own the US. If the government continues to print money, then money, in general, will start to be worthless. All the people who worked hard and saved and lived within their means will see that money’s value decrease because of over-saturation. I cannot honestly believe some people don’t understand that if you receive money for doing nothing, then it needs to be repaid. It was not enough to hold the markets up. They needed Unlimited QE, i.e., another 2 trillion dollar injection now. What they got is a slow drip, while Jerome sounded like he was the candyman to equities. He did say markets should price in risk, meaning no PPT saves and let the markets fall until they find a now Limited QE medium. Robinhood traders will get slaughtered, and the Fed looks good. That was just to bail out the 1% who own stocks and bonds. It is going to cost a bit more to keep the other 99% from burning the country to the ground. Until the GOP Manifesto for "Tycoon-Tax-Freedom" is firmly dealt with, and "Fair Share Responsible Taxation is restored and a Wealth Tax on the 1% Oligarchy who have accumulated 50% eliminate "Greed-Breed" entitlements. We can start by closing the tax loopholes for huge corporations and remove the roll-back of the taxes they paid. Thirty-five percent may have been a bit much. However, thirty percent would still afford the big corporations to make profits and produce millionaire/billionaire CEOs. Twenty-one percent is obscene. Must close the loopholes. Everyone should expect taxes to increase, both federal, state, county, city, and of course, when there is a budget deficit, the first thing to go are social programs and education. This is how wealth transfers happen in the US. The Fed bails out airlines, Hedge fund companies, banks, etc. etc. i.e., their buddies mega corporations without needing to pay it back. The fed makes money off the interest for hitting some keys on a computer creating fake currency, and the hard-working Americans via taxes pay it back. So we pay for extremely wealthy people to get even more wealthy. Meanwhile, small businesses only hope they can qualify for a loan (most won't get one), and they have to pay it back with interest. The FED exists to support greed and irresponsibility, simple as that. The US, Japan & Euro zones all need to man up and accept the mistakes they've made. Put greed aside, and let markets/economies clean themselves out. Stop this money printing bailout mentality and return to free-market roots. Otherwise, this thing will just keep going on, and reward for effort will be a thing of the past. Stop rewarding stupid & corrupt behavior! Stop corporate welfare end wall st, and the stock market that way companies have nothing to do with their money except investing in their workers and their companies, not their stock prices. Start collecting taxes from them. American business mentality is to borrow egregiously and make very risky bets. Then when everything goes wrong, deflect the negatives of the risk by having the Fed bail you out or game the system. How much longer can moral hazard be ignored, rewarding these inefficient and dangerous business practices instead of punishing the ever wealthier executors? Americans like living on debt, but the party is over. 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 market bubble doesn't turn my stomach as much as the debt bubble. Unless you've bought recently on margin, a correction might sting, but it won't bankrupt you. Debt, however, needs its payments made. And if you've got one low payment too many, it gets ugly fast. Add a few trillion here to the debt and add a few trillion there to the debt and pretty soon, still, nobody gives a damn, because everybody knows that in order to keep the shithouse's walls from imploding, there will have to be another few trillion added here and another few trillions added there. That is called Ouroboros economics. Until now, it has been a discussion about billions. Now we shall hear a discussion about trillions. Three zeros difference. Zero is nothing until you keep adding them to the end of a number. And with the dollar devaluation coming, it will be quadrillions. Forget trillions. This is the Buzz Lightyear economics: To infinity and beyond. Well, at least we are in good hands. Our current president is the best president in American history...in handling bankruptcies. He has a lot of experience, and that's what we need right now, one with experience. And now I understand what he was saying when he said, "I am the chosen one." Who else would be able to handle this pending, greatest bankruptcy in the history of mankind? After all, he's gone through 6 bankruptcies already. And America will become his 7th. The USA is a Republic run by Big corporations. Therefore, it is actually an Oligarchy. Elections will not stop this as it gets worse every time. The top 0.1 % of the Super Rich have decided who wins through gerrymandering and by keeping this antiquated Electoral College system, both favoring the top 1% of the population. Compared to the EU countries, the USA hard-working citizens do not have any universal health care system, no six weeks/ year paid vacation, no 38 hours of work, no nothing European citizens have. Why is that? Well, the taxation system is much fairer, military expenses are far lower, so Eu can afford to make laws favoring the interest of their voters. In the EU, the politicians are afraid of the voters; in the USA, they are afraid of Big Corporate America! There is no money in the banks. Your bank accounts reflect a measured value of somebody else’s unbridled power. We are allotted credits by the secret elite that allow us to live falsely believing they have not enslaved us. Capitalism is simply what communism sees in the mirror. Nothing is going to happen to fix our deficit because both parties (and people) are addicted to debt and never-ending GDP growth. There is no way out this other than inflation. It is not possible politically to cut benefits and raise taxes sufficiently to make any meaningful headway on the national debt. It is just too big, and the political and social forces against deep cuts and big tax increases are too entrenched. Fix the problem by cutting politicians' entitlements, politicians' luxury spending, and stop giving tax breaks to wealthy, who need to pay taxes on all income. Stop stimulus pay to big companies and to those who make over $90,000 a year and to noncitizens with green cards. Cut multiple living expenses to presidents with multiple security to adult family members. Now, that is a good bog start to boost our economy. Cut Federal salaries by 50 %. Cut Federal benefits by 80 %. Cut Federal Holidays by at least five days. Cut Federal pensions by at least 50 %. Cut congress pensions by 100 %. They do not deserve a pension for two years of doing nothing. Cut congress medical to the same the retired people get. Watch the budget balance in a hurry. - The Fed counterfeits dollars by the trillions, destroying their purchasing power and driving up prices. - Funds endless wars and welfare. - Creates massive and artificial economic booms, that must be followed by painful busts. - Bails out the politically-connected, creating an economy riddled with zombie corporations. Central planning is (as always) a disaster! The FED will bail till it cant bail anymore, complete economic warfare followed by the destruction of society. Post-Coronavirus, the situation will be two times or five times or ten times worse. Global depression is imminent and will continue for an indefinite period as depopulation, deleveraging, and decline are the natural state of things. Cast off the lifeboats...the Titanic is going down, and we'll be in small boats on very rough seas from here on. This was going to happen. Eventually, Coronavirus has just accelerated the timeline." 3 D's. Depression. Depopulation. De-dollarization. It's the New World Order. Serfdom. Destroy middle class, small business, pensions (public and private), 4o1 ks. Doctors can't even perform surgeries right now unless they are emergency surgeries. Virtually every business is suffering. When the formerly comfortable middle class loses everything, the government will come in to "save us," with public benefits and police state. No honor among thieves. The greed pandemic is upon us. The real looters are living in wall street, and they're looting our money by the trillions. I personally hold the Globalists and their Federal Reserve accountable for this Global Depression scenario. They are responsible for inflating the currency and all bubbles, enabling criminal behavior, and destroying the economy in the process. This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!





















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

👉Bankrupt Hertz Stocks up 50% -- Day Trading Madness !!

👉Bankrupt Hertz Stocks up 50% -- Day Trading Madness !!




Hertz stock went up over 50% after the company announced on Thursday its plans to sell up To $1 Billion In new bankrupt stock. After announcing the opportunistic sale of newly bankrupt shares, "investors" are bidding the rental car company's stock up 50% this morning and back above its pre-bankruptcy levels. You CANNOT make this stuff up. Beyond corrupt and out of the box insanity. Peak Stupidity and Insanity. Hertz up 25%+ next week, bet on it. Robinhood Autists will buy it with both fists. This is a bet that stupidity exceeds infinity, and one guaranteed to pay. This will be epic. They will clean out the stockholders, dump 80% of the cars, all the insiders will pay themselves handsomely, then the debt will get a restructure, and fresh stock will be issued again at $20 / share IPO (of course after the insiders give themselves a large chunk of that fresh stock block). And the public will buy it with both fists. If a consumer ran up a debt on a credit card knowing they're about to claim bankruptcy, that's fraud and can be prosecutable. But Corporate Welfare Socialists get away with whatever they want with Wall Street and the Banks. Every big corporation is now literally "Too Big To Fail" and "essential." Total Corptocracy is what the USA has devolved into. Absolutely no moral hazard or accountability for anyone but the sheep. Nothing changes until the guillotines roll. We are in a bubble right now; the only thing that looks good is the stock market. But if you raise interest rates even a little bit, that's going to come crashing down. We are in a big fat ugly bubble. And we better be awfully careful. We have a Fed that's doing political things by keeping the interest rates at this level. The Fed is not doing their job; the Fed is being more political than Secretary Clinton. By the way, those were the words of candidate Trump in 2016, not of today. Stocks are up because our counterfeiting Federal Reserve keeps digitizing dollars and that trillions of newly "coined" currency have to go somewhere. Well, it goes into the stock market - pure and simple. What a grand scheme. Seriously, has no one noticed that Trillions were just stolen from citizens and handed to the bankers? The Fed knows we are screwed. So blow bigger bubbles to try and make this mess go away. Why the hell do you think it's going up?. The FED robs from the poor to give to the rich. They gave the common man $1200 to look the other way. This market such a joke. So many of us have our retirement funds and 401k's invested in this joke of a market. The stock market is no longer about anything. Hertz files bankruptcy, and people are still trading their stock. It was up 888% in 3 days, then down 60% in a day or two, and now it's up to 50+% today. The robin hoods are buying Hertz, hand over fist. I think that they think that Chapter 11 is the one after Chapter 10. The same thing with Chesapeake energy. Another bankrupt company that saw its stock jump from $17 per share to $72 per share in a matter of a few hours only to drop right back down to $17 in a day. With days like yesterday, a week's worth of gains is wiped out in a day. I just don't see how equity buyers see any value with the debt so high. The bondholders are going to take a haircut too. Until the Robinhooders are gobsmacked by reality, this lunacy will continue. What if the FED is doing this with its own Robinhood account? Anything is possible in this crazy world now. I see the fraud is widely prevalent in the system. There were 100s of bankrupt companies kept trading after filing BK11, and eventually, it became 0. There are many companies insiders manipulating stock prices ( maybe shorting their own stock through 3rd party, spread the bankruptcy rumors, cover it at the bottom for pennies) In many cases, there retailers trying to fight out this nonsense ( without any oversight in this wild west ) to pull their tail out of huge losses somehow. Hence they buy up stock to cause the shorties to cover at higher prices. There are literally 100s of companies stock manipulated like this in the past while SEC is sleeping at wheel or watching. Come on now. What fun is left in the world if you can't pretend to be a bigshot day trader investing in bankrupt companies that are issuing stock! Truly the world has gone crazy. The greatest economy in the world, 100% backed by retail bagholders and funny-money wizards. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. This market is not normal. DJI went up 4000 points in a month. That's a lot of profit to take off the table. After yesterday, people are going to take profits on any bounces. Markets are still overpriced. The old pump and dump surely to happen. The rich got all their losses back and knew when to pull the plug. Super fishy market going on. There was no stopping this market a few days ago. A classic market manipulation, how do you think they're stealing your meager capital. The America I knew, has rather changed. Now it seems that the horn of plenty is only open those who own stocks. I once remember the horn of plenty was open to hard-working Americans, who held down jobs for decades. Issuing endless debt, taxing capital, and consuming it, and printing “wealth” out of thin air definitely works. Definitely, it does not matter what they do - because the real economy is not recovering. And they can't continue to print money at this rate without making the dollar worthless. You cannot use sand as a currency when you live on the beach!! The Fed is, was, and will continue to prop up markets. Right now, you've got day traders pumping things up due to low volume, and you've got qualified investors cashing in to close out positions and banking profits. The large scale investors have far more money and shares invested, so the stock drops much faster when the big boys start cashing in. Can the Fed really fight this massive exodus from equities and keep it propped up artificially? Everything is possible, even the impossible. Bankruptcies are the new growth industry, so why not take advantage. This market is not for those who believe in fundamentals. The economy NO longer matters ... NOR does the real economy ... NOR sky-high unemployment. All that matters is that wall street reelects trump. He is "The CHOSEN ONE." You can fool some of the people some of the time, and that's enough to make a decent living. Ever since the Dow was DOWn around 18k, the FED PRINTING PRESS has been in OVERDRIVE. Awarding stock market gains to the wealthy by way of taxpayer debt. Anyone surprised?? How long can this game go on? Stocks should keep moving higher unless the fed's printing press breaks down. It’s all about Program Trading. The stock market is not the leading indicator of the economy anymore (that's now an old economic theory). It has been taken over by the algorithm-driven program trading (Math/AI models), controlled by 20-30 major financial services companies (hedge fund, brokerage, private equity, etc.). These models decide the daily swings of the market. When the models are in tandem, the market generally stays up all day long (as was the case today); when they conflict, some wild swings come into play. Obviously, the central news and events are heavily weighted in those models. Of course, while the other professional day traders play along with the trend, they hardly influence the direction of the market anymore, contrary to the conventional wisdom or belief. There are people who buy just to be buying. No fundamentals left, just roll the dice. That what I see people doing. The market has been overvalued since 2015. I think if people ever start looking at the company's data and start following the market fundamentals and taking a realistic look at the economy, the market will fall over the summer. Never in history has stock prices been this disconnected from the value of the underlying companies. At some point, the reality is going to set in -- and it isn't going to be pretty. Gotta be crazy to put money into the market right now with the first little blip of a second wave of coronavirus cases right around the corner. All physical Retailers and theme parks and restaurants and hotels and airlines and cruise lines and theaters and sports are all toast. Most small businesses that require people are toast. The market price is in the ionosphere, and most companies, 90% or more, will see revenues and earnings decline for many years. Its just reality, and there are few places to hide now. There is not one good reason to buy stocks or bonds. The pace of unemployment historically high, FED and Government debt at all-time highs, household debt at all-time highs, FED forced to bail out banks (again) with unprecedented QE and Repo Loans, civil unrest in the country with protesting, looting, rioting, and killing, after limping through the weakest recovery and expansion in history. The U.S. economy is sinking deeper into the abyss. This is what the FED has created. Donald Trump has not drained the swamp. He has made it deeper. What the Fed has not mentioned is the precarious position banks are in right now. Bankruptcies are coming, and some big banks are going to lose their shirts. Remember Lehman Brothers? Get ready for round 2. I am looking at a run on most of the US banks, especially if this COVID-19 increases starting this summer & Fathers Day & huge riots in the large cities. Already took out everything from the safety deposit box - not covered anyway by FDIC. With the Money Market Reform Act, you won't even be able to withdraw what little money you may have left in your bank, savings, or retirement accounts. It is not a matter of if it is when is the only question. The titanic is getting set the music is playing, but we are hitting a solvency iceberg. Debt unwinding is coming. The America, as we knew it, no longer exists. Get right and sit tight; the worst is yet to come. This is worst than in 2008. We have many more unemployed. Car loans, mortgages credit card debt are all going to be in trouble. That means banks and car dealers and so on and so on. I see a recession for 2 to three years. The market can never survive normality again - it will just be FRAUD until there is NO market! Fraudulent, open blatant corruption, and shameless cheating. The stock manipulators do what they know how to do. They add nothing to the wealth of our nation. Crazy speculation works until it doesn't. Calls Puts Naked shorts are a life of their own. The curtain has been pulled down on the Wizzard in the emerald city. The economy is gutted. We are on the verge of war with China. Our cities are being torn apart. And nothing will stop this meteoric stock market rise until November 3rd, 2020. Then comes the trump dynasty. It kind of am reminds of the Romanoff's, and we all know how that ended. The whole stock market is complete utter trash fabricated to benefit only the wealthy and screw the poor. They get the laser speed trading while poor puny bastards are using 4G internet trying to catch up like Robinhood. Front run every trade! A few cents times, billions of trades per day adds up! Computer programs run the markets. Not you. All they care about are making money and making money. You are who they make money from. They're not going to let you go anywhere. The Markets have morphed into video games. This is a nothing market. The only way to win is not to play. Only a moron would play this casino. If we went back to the gold standard, we wouldn't be trying to spend all our time speculating. We would be inventing stuff. Our economy became financialized by fiat - imagine all the Wall Street jobs that would go if we returned to the gold standard. Robinhood won't order fill unless you are a cent above ask and a cent below bid. Better yet, they then sold their order flow to HFT players, lock their players into dark pools, and then block withdraws. Oh, did I forget their clients are not even buying real stock. Their just buying a digit inside Robinhoods computer. Their trades don't even go out to any exchanges. Oh, this one even funnier they just shut down selling while the market routs and their indexes are like 2% off the real market. The rest of the brokers are probably blue with envy that their frauds are modest in comparison. That's the power of free. Save your commission. Oh, just in case you want to make it even better, you can invest in a company that's bankrupt, like Hertz. What a deal! This is how the scam works. YOU buy say one share of a company - $1300, which is fine. But the order never gets to an exchange, and you never owned the stock. As the price climbs on the aggregate across 1000's of share buyers, millions of dollars flow into Robinhood. Then they simply watch the futures and shut down while the market corrects. Because nobody can sell while the price falls. Robinhood keeps the arbitrage spread of the price fall. That's why they'll always shut off while the price falls. Once the price falls significantly, the trading is reopened, and the client is now staring at their losses. So they sell. Robinhood credits them the difference (loss). Plus, they also squeeze the client a penny spread above ask and below bid, which is more % in their pocket. Aggregated over the 10's of millions of traders, they are making 100's of millions off this. Oh, if that's not insulting enough, the HFT's see your order flow and their algos squeeze a penny here and there out of the whole thing. Surely the SEC will get after them for their accidentally on purpose shutdowns? Just kidding. The fine is never as high as the money they make off the crime. Isn’t that what they say on Wall Street? I have never witnessed such blatant corruption in my life. What a disgraceful situation these bankers have created. Buy land, silver, or gold. I am trying to get out. Stocks are not worth at all. You can lose all of your money, definitely not investment. It is worse than gambling since it is all digital; the Mafia sees your hand and steals your money. Gun and ammunition stocks. That's about it for now. This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!























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