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

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







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





















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

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

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




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































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

The End Of The Dollar Era Approaching

The End Of The Dollar Era Approaching




The End Of The Dollar Era Approaching A dollar crash is virtually inevitable. The stronger dollar era may be on borrowed time. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. The days of the dollar as the world's reserve currency are numbered. This does not bode well for the future of the U.S. We have lost our leadership position in many areas. The decline will be painful. Oil and gold are starting to trade in other currencies. When the US dollar is no longer the world standard, America is in real trouble. The Federal Reserve deserves a huge part of the blame. The dollar is losing value against all major currencies. We have almost no savings and mountains of debt. We can't pay our bills unless the FED monetizes it. The Political situation turning US Dollar lower, and it will continue/accelerate downfall with more political turmoil/uncertainty. Some countries' heavy Dollar reserve holders will find themselves losing a lot of purchasing/exchange value. Trump destroyed confidence in the US, and he's alienated a ton of countries, including allies. China and Russia have already started trading oil in a non-dollar currency. If there's an alternative, other countries are certainly open to pursuing and using it. What's the dollar's future now that the Fed created an additional $5 trillion in just the last few months? This is an election year. The Fed could bail out every state, city, corporation, and pension plan even if it costs $50 trillion. They're going to use dollar bills as toilet paper within five years. Probably for three years. When the fed is printing trillions of dollars a month, something will eventually need to give. In 1981 the total debt was around 1 trillion, we are now adding that much each month to both the fed balance sheet and the national debt. Zimbabwe here we come. The dollar is a dead currency walking. With the Fed now creating more dollars in a month than they used to do in a year, we're going to have hyperinflation like Zimbabwe or Weimar Germany or Venezuela. Massive money printing always leads to hyperinflation. I expect the dollar to be dead within three years. China has been making deals all over the world to trade with other countries in the Chinese currency. The banknote known as the dollar was placed in a coffin by Nixon. Removing even the idea gold was backing the currency spelled its death. It is being buried six feet at the moment. May the fiat standard stay below ground. All fiat eventually goes to zero. As the US continues to pump phony money eventually, we will be papering our walls with it. The Ruble and the Deutschmark at their lowest come to mind. SDRs which were created by the IMF is a basket of currencies, albeit with the US dollar as the main currency. But that can change. With all that is going on in the US, more countries will look somewhere else. First the dollar falls, then rampant inflation kicks in. The US has done a magnificent job with the smoke and mirrors while debt keeps rising, now the rest of the world is waking up to the fact that they might not be able to pay back all the loans. In principal, US dollars should lose 50% of its value by 2025 due to infinite QE that will have printed close to $20T by then. But, the strength of a currency is relative. If you put $1 in a T-bill in Jan 2000 and held that until Jan 2015 before cashing it in, accounting for interest paid, taxes on that interest, and the currency devaluation over those 15 years, you would have just 75 cents of the original buying power of that dollar left. Investing in the US is a bad financial decision. The rest of the world is waking up to that realization. The US dollar today has just 2 cents the purchasing power it did in 1950. When it finally loses its World Reserve status, it will jump from $1800 per oz of gold to $30,000 per oz of gold within a year, and the US will become just another 3rd world debtor nation. The dollar is as dead as the USSR ruble or the ancient Greek souvlaki. If you have any, you should rid yourself of them forthwith. You should hold your dollars in other assets and convert when needed, don't just let your dollars sit there in your bank account because that's where the damage will be done. Every other asset will go up, some much greater than others. The stock market has turned into a high-interest savings account; you hold it in there and convert when dollars are needed. Stocks will not keep up with inflation, but its better than dollars in a bank account. Commodities will outperform stocks, but it's useless trying to hold physical bushels, bales, or drums. That's why gold is the easiest commodity to deal with; $500,000 in gold can fit in a sock drawer. The dollar has failed twice before in our nation's history. Once after the revolution and again after the civil war. It's about to fail again. Expect your wheelbarrow that's hauling around all of your dollars will be worth far more than the dollars themselves. Expect a 15:1 reverse split on the dollar with a return to the gold standard. The last time our dollar was worth 100 cents was back in 1933. If you peg the purchasing power of the 2020 dollar to the 1933 dollar, the 2020 dollar's purchasing power will look like this .00000000000000000000000000000000000000000000000000000000000000000001. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit. The rise of China and the decoupling of the U.S. from its trade partners is likely to end the supremacy of the dollar as the world’s reserve currency. Sooner or later, manipulating the dollar for our own purposes will come back to bite us. So much of the US prosperity these past decades has come from having the "reserve currency" with the willingness (now gone) to make sacrifices for the world order. The bottom line is that $6 trillion in stimulus has been created to deal with Covid-19. The national debt just passed $26 trillion (130% of GDP). When you create more money, its value must go down, unless other currencies are also being increased at the same rate. While Europe and Japan have also passed their own stimulus, they haven't created proportionally as much new money as the US. Meanwhile, China and Russia have so far refrained from using unconventional fiscal policies. Russia's government debt as a percentage of GDP is actually among the lowest in the world. Not everyone is in the same boat. The US will one day have to face economic consequences for what it has been doing for decades. But what's going to replace the dollar? Certainly not the euro. The yuan? China is even more manipulative of the yuan than the US is of the dollar. China has no transparency, and it has massive internal yuan debt over two times its GDP that is its priority rather than supporting the yuan as the new world reserve currency. The dollar's appeal is that it is 'the cleanest shirt in dirty laundry.' But, it's going to take a lot more than structural change before the yuan can even begin to function as a reserve currency. When people get really scared they go to Swiss Francs or gold. Any asset that can be arbitrarily revalued at the whim of the Chinese Communist Party can only be speculative. The dollar can be replaced by a basket of convertible currencies. In fact, individual investors should do some of that through international diversification. We are $26 trillion in National debt alone. States are in debt, state pensions are grossly underfunded by $1 Trillion, personal debt is skyrocketed. The groundwork was laid at least since 08 when the last crash happened. China and Russia made agreements with hundreds of countries and not just insignificant ones, but England and Australia to trade I there own currencies and bypass using the dollar. OPEC countries have been doing the same thing. Eventually, the dollar will fail. It’s inevitable . All fiat currencies fail. What’s next? Who knows? It could be a basket of currencies using special drawing rights from the IMF. More than likely, it will be digital, no more paper money. If ANY country on earth decides to just print dollars, FLOOD the world with paper money, then why work or waste time producing goods. If you create all this inflation, eventually it’s going to lead to a big increase in money supply, and then by their own definition, they’re going to have to withdraw all that money from circulation if they don’t want it to become worthless. But it’s easier said than done. Once you get everybody high on heroin, how do you take the heroin away without them going through withdrawal? That’s what the Federal Reserve just found out — again — when they tried to normalize interest rates after keeping them at zero for so long. The markets started hemorrhaging. They went into withdrawal in the fourth quarter of 2018 and everything started falling apart. So, they had to go back to QE. They had to go back to rate cuts. They had to keep the addict juiced up. There is a reason why China, Russia, Europe, BRICS (Brazil, Russia, India, China, and South Africa) are all deciding to use different currencies besides the US dollars. The US is dead broke and held up by countries that lend it money by buying US treasury bonds and bills, and at the same time, the dollar grows in strength, indicating a strong US economy. This is further evidence of a broke system. There will be an intervention, and then the dollar will eventually fall to an appropriate level, approaching zero. Then the dung will really hit the fan. Our monetary system is based on inflation. The greater shame is very few of us realize that we also are taxed on that inflation. Think capital gains. What a scam. "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford. I'm afraid 95% of Americans are too dumb to get it. Slave away at the 8-5 their entire lives for peanuts and get taxed at 50% while the FED creates trillions from nothing- no work or productivity, just money for nothing. The biggest scam of the last century, and still going strong today. Of course, for most in the USA, ignorance is bliss. I slave away too but am much more bitter with the current arrangement. Endlessly printing a currency may solve things in the short term, but long term, it causes serious damage to the value of that currency. This has been proven countless times in history. Now, do I think that the Dollar is going to suddenly crash in value overnight, leaving us all in some doomsday financial apocalypse? Of course not. It is still a (generally) strong currency and the world reserve currency. Despite that, no fiat currency is invincible to endless printing. Eventually, the value WILL come down relative to other currencies, and things WILL shift...over time. How long that takes is anyone's guess. Hedge your bets. You'd be smart to keep at least some money in harder assets with limited supply. The current system is being run to the ground by design, so the Fed. Can issue in a NEW system- henceforth why the Fed. It is "burning up dollars" to buy it all. May I suggest Water, Food, Lead, Silver, and Gold in this order. This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! The dollar is being squeezed right now because of the sheer amount of dollar-denominated debt in the world (which tends to happen when you are the reserve currency of the world in such a globalized economy in the age of the internet). The danger to the dollar is that there isn't enough of them, of which everyone defaults, and something replaces it. I expect something similar to Bretton Woods to happen again, be the dollar pinned to Gold or Bitcoin or something. The deficits and money printing isn't serving the American people. It's serving the dollar backstop of the global economy. Global elites are getting ready and using the virus as an excuse to introduce a new reserve currency based on a basket of currencies and hopefully some gold too. "What currency would you buy and hold for the next 50 years?" Absolutely none. At 2% yearly inflation, your holding would be worth 63% less after 50 years. What currency would you buy and hold for the next 50 years? The US Dollar is programmed to devalue at 2% a year. In fact, the economy could not survive without that induced devaluation. One hundred ten years of data from Macrotrends indicates silver appreciates at 4.3% p.a. - with the volatility that creates income opportunities for selling covered calls. Using an ETF like SLV, the metal indeed becomes a virtual currency, liquid enough to use when bt and sold, guided by everyday needs. The reason silver certificates were pulled in 1963 was that the commodity value in a silver dollar for the first time rose above $1. It surpassed $1.33/oz in that year ( a silver dollar is 75% silver). It's now $17/oz. That should be all you need to know about how our monetary system works. Buy gold and end the FED, the dollar is being turned into toilet paper! Consumer spending makes up 70% of the USA economy. Most of that spending is on goods we import, which means other people work to make them, some of it is good, but we don't invent and build anything to put our people to work. With COVID 19 mishandling the spending is quite down to food mostly, I know that from my spending. The stock market paper gains are included in the economy, but most stay in the hands of very few people. It was decided back in 2008 that money has no actual value, so any saving not in the stock market produces ZERO income for their owners. Bush, Trump, and Republicans have been lowering taxes for the rich while neglecting to improve the infrastructure, health/safety, education, and job training in a changing world economy, stuff that would benefit the American people. Politics has been about so-called social issues that make no difference in people's lives, all about ABORTION, GUNS, RELIGION, AND HATRED FOR IMMIGRANTS. NOW the chickens have come to roost. The U. S. can only make a new currency by default. Its bonds would become as poisonous as those of Argentina. Interest rates would soar. As America funds itself by borrowing money, social programs and public services would collapse, and the military would dwindle away. It would go into immense poverty, because it is a nation of consumers, and has little real wealth. Manufacturing has all gone abroad. America lives by devouring the world's goods in exchange for worthless paper dollars, which were forced upon humanity by brutality and fraud. Once the dollar goes to zero, America is nothing. What is worse, its destruction will be blamed on capitalism rather than socialism, so that all efforts to rebuild will be futile. The stock market and housing bubbles would deflate, causing losses of up to 90%; pensions would be wiped out; all social programs would be cut; the price of good and services would soar because there would no longer be a strong dollar to buy them with; the dollar would plummet in value; unemployment would be lasting and horrific; and capitalism, instead of socialist central banking, would take the blame for it all, leading, possibly, to decades of misery under socialism. The dollar is the world's reserve currency. That allows the USA to run trillion-dollar deficits because it exports its inflation to the world, and the world absorbs it as the increasing population needs more reserve currency to conduct its business every year. That pretty well eats up the extra dollars the Feds keep printing each year to finance our federal deficits. If we were say Greece, the currency and country would have imploded decades ago, just like Greece did when it tried to run continuous deficits. The problem is our presidents, including Trump, are trying to use the dollar as a political weapon on countries like Iran, which will give countries a reason to use another currency to settle debts. China, Russia, and India are working on such a currency, When an alternative is available, the US dollar will implode, and the USA will be in a recession worse than 1929. Of course, it will fall because what goes up must come down eventually.No kidding! The Fed keeps adding zeroes to bank screens and buying stocks and bonds while propping up hedge funds. It is called the REPO market. In case of a default, the stock market and housing bubbles would deflate, causing losses of up to 90%; pensions would be wiped out; all social programs would be cut; the price of goods and services would soar because there would no longer be a strong dollar to buy them with; the dollar would plummet in value; unemployment would be lasting and horrific; and capitalism, instead of socialist central banking, would take the blame for it all, leading, possibly, to decades of misery under socialism. This is America's fate if it defaults. If it doesn't default, it has, at best, a few years longer before hyperinflation takes hold, and has to default anyway. Because, by this point, only tens of trillions per annum can keep yields sufficiently down for the system to function. They have tapered liquidity to $1.5 trillion per annum, and stocks are already slipping into a crash. It isn't enough. Food prices are rising because, rather than the last 39 years of the Fed creating credit and handing it to hedge fund managers and CONgress (creating asset price inflation and runaway growth in medical spending and what amounts to welfare, corporate and otherwise), new credit-money was handed to Joe Sixpack. You can't violate Say's Law with impunity. Creating purchasing power by any means OTHER than production simply increases the amount of money chasing whatever is in the marketplace. It doesn't add to what is available for purchase. Taken to the extreme, you have the situation in the USSR where people had rubles, but the shelves were bare. This is what flooding a nation with credit-created-from-nowhere produces. Under FIAT money, money was debt, so debt was wealth. People forgot that an IOU is nothing until it's paid-back. We now have a world drowning in "wealth" that is nothing but IOU's that depends on all other IOU's performing, when mathematically we long ago passed the point where this was true. All that "wealth" is an illusion. So is training people to forget that it's not about money-in-hand, it's about the product available for purchase. Goods availability is likely to crater in the next couple years, and if politicians attempt to make people whole by creating trillions in credit, all it will do is crush the average man's standard of living even more. Did the Trump Admin open Pandora's Box by seizing the Fed's credit creation system? Only time will tell. For nearly 40 years, we witnessed credit-inflation on an unprecedented scale, but because it flowed into asset markets (including the value of debt itself), no one cared. We all seemed to get rich. Now, much of that wealth (in the form of debt, and in asset prices rationalized by its wealth-effect existence) is likely to disappear (mostly chaotically), but goods availability may plummet as well, meaning that prices could rise or fall, but affordability will plunge for many things. Oh, how the sky darkens with chickens coming home to roost. On second thought, that must be locusts. KISSINGER AND PETRODOLLAR HEGEMONY. Nixon was taking advice from Kissinger. Kissinger is among the most powerful person from the globalist elite group residing mostly in the city of London. He is the masterful thinker and wanted to solve the severe US budget deficit caused by the Vietnam war. He wanted to go off the gold standard to avoid the US from selling the 10,000 tons gold holdings in the Treasury to pay off the huge budget deficit. So he proposed a strategic idea to make the US dollar the global reserve currency. To do so, Kissinger needs to bring China into the global market fast and become the top three users of US dollars. The other being Japan and Saudi Arab oil producer. Kissinger plays a very important role in China, becoming a global export powerhouse and factory to the world. This is not known by many people. Kissinger is the kingmaker for the US-China relationship. His key to the success of Petrodollar hegemony created in 1971, is to get China to be the big user of US dollar. This strategy reinforces the US dollar as the global reserve currency. US dollar, when becoming the sole global reserve currency, US Congress can print as much billion US dollars they want to finance military spending and social food stamps programs for the over 20 million jobless Americans. In order to get China to be the big user of the US dollar, Kissinger advised China to weaken Yuan to 1 Dollar=8.9 Yuan in 1994. (before 1994 1 Dollar = 4.5 Yuan). This ultra-cheap yuan force many American, Japanese, EU foreigner investors to start planning moving factories to China from South East Asia, and from 1996 China become the cheapest and lowest-cost producer, saw a sudden increase of FDI into China by foreigners. This game-changing China ultra-cheap yuan policy also caused the 1997/1998 Asia Financial crisis because foreign investors realize that it is much cheaper and most profitable to build factories in China after the ultra-cheap yuan policy is implemented. Many exporters in South East Asia unable to compete with China anymore. The southeast Asia economy in 1998 was totally destroyed by China under the fanciful name of globalization. From 1996 onwards, China becomes the cheapest and lowest-cost producer, saw a sudden increase of FDI into China by foreigners. China now addicted to US dollars and hold more than 3 trillion US dollar in foreign exchange reserve. China now has an estimated over $300 billion trade surplus with the US yearly. China needs the trade surplus badly in order to be able to print 5 trillion Yuan yearly to finance huge mega infrastructure projects every year. In actual fact, American consumers naively are supporting most infrastructure development in China by continuing to buy China-made products. Another reason why China's card was exploited is Kissinger wanted very much for China, and the US joined forces together during the US-Soviet Union cold war. Then this allowed the globalist elite from the city of London to screw the Soviet Union and cause the breakup into Russia. This enables the globalist elite from the city of London and Wall Street to loot Russia more than 3 trillion dollars of Russian natural resources until Putin put a stop to it. That is why the globalist elite wants to get rid of Putin. Russia is a gas station and still have a mountain full of mineral resources besides oil and gas. The next few years will be interesting to see how China has to kowtow to the US and give in to US demands or face a false flag nuclear incident in south china sea. China leaders have no choice if they want to keep and enjoy their wealth. Americans have woken up, and they have been pushed to the poverty wall caused by globalization. Unfortunately, hungry and angry Americans will resort to desperate things, even as far as destroying the whole world. Perhaps the dollar will fall sharply, so too all other major currencies, because all major economies have been doing the same thing "Quantitative Easing" as such, the exchange ratio between Dollar and major currencies remains virtually unchanged. There's an old business saying goes something like this "Thinking your competitors will fail is not a business strategy." The Chinese are fiddling with a digital currency offering that could easily replace the dollar. The benefits of the dollar have been its safety and security and backing of the US of A. Which right now took a nuke to the face economically, still has a pandemic running wild, and idiots in charge. And no, there is no guarantee on the treasury paying its bills. We already had prominent senators suggest defaulting on our Chinese owned debt, which even suggesting is against the constitution. With our debt dollar-based, cuts to the value of the dollar hurt. And at <1%, who would bother buying our debt? Currency collapses are usually followed by war. In the case of a collapse of a major global currency, that would mean global war. China / India may be the flashpoint. India, with the support of the US. China, with the support of Russia.
























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

👉Silver above $23 -- The Great Silver Rush of 2020 has Begun!

👉Silver above $23 -- The Great Silver Rush of 2020 has Begun!






Silver Futures Spike Above $23, that's a ten percent gain. But it has a long way to go. Still seems cheap with all the Monopoly money being printed. Silver is the new TESLA chart. The trip from 20 to 30 should be a fast one. It was certainly fast on the way down. There is a big reversal of the gold/silver ration afoot; this is a very positive indicator. After decades of being suppressed, the precious metals are horribly mispriced. Perhaps instead of a traditional price rally (which might or might not be sustainable), what we are witnessing right now is the market re-pricing the physical metals at a more realistic level. Silver barely moved up 10% yet after waiting nine years. The huge jump in silver in the last few days has been ignored by the Mainstream Media. The talking heads on the business channels are still mentioning gold's rise lately but haven't said anything about silver just doing a 20% jump this week. This silver news is still under the wire to them, or they've been told to not talk about it. This gibes with my theory that pro-real-money stories must be kept from the public/masses. If these stories weren't blocked, more man on the street types might begin considering silver as a safe haven asset they need to have. It's a given the big money is not going to send any public signal they are going big into gold or silver. Among other things, this would get them expelled from the Fiat Status-Quo Club overnight and would jeopardize all their investments in fiat assets (mainly the stock market). So if the silver suppression effort is going to be defeated or over-run, it will have to come from grassroots small investors. But this is not likely to happen if pro-silver and gold stories continue to be taboo in the Mainstream Media. Another way to keep the man on the street from considering silver as a smart investment is to knock its price down at regular intervals, usually for no understandable reason. Think we all knew the price of gold and silver would have to start moving up at some point. You just cannot keep hemorrhaging physical metal. Every savvy investor knows that silver and gold were getting ready to soar (given the collapsing economy and the massive amount of fiat creation that was inevitably coming. Savvy investors would have still been BUYING all the silver they could and holding on to every silver position they had, knowing what was to come. Given the thousands of applications for silver, especially electronic, medical, military, water purification, etc. We cannot live without it. The United States Geological Survey, USGS, which keeps tabs on all elements and their availability, wrote a decade ago that the planet would run out of silver within 20 years. We are halfway there. Just look at the recovery of ounces/ton by the silver miners over the past 20 years, from ounces to grams. USGS rating of continental U.S. reserves put silver/ gold ratio at 14. All of human history is around 16. Right now, we are what, 80? So silver has a lot of upside potential given the equally (and arguably more so) demand for gold. The question isn't whether it will get to $50 again, it's what multiple of $50 we'll see over the next couple of years. A mere doubling seems more than a bit conservative, given the extreme amount of new debt that is now in the system, not to mention the stored energy of a nine-year bear market. We should see at least $150 sometime before 2022. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match. Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted. And that was Alan Greenspan saying it, not me. King dollar is dead! Long live King Gold and Queen Silver! The canary is out of the cage. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. So, either the price suppression cartel has given up, or there are too many holes in the dam. I hate the silver being stated in dollars. It should be the price of a dollar stated in silver. And why the delight in calculating a dollar profit if the dollar is going to hell in a handbasket. I think it's safe to say this: If silver can't break free and soar now, it never will. Silver is actually doing now what it was supposed to be doing years ago. The market is still as corrupt as ever. They can knock it down whenever they want, by as much as they want. Now if they can't do this anymore, or have quit suppressing the price, something big might have changed. But I don't think they've given up on the suppression efforts yet. The suppression efforts might be occurring even now. That is, the big spike we've seen recently could have been even bigger absent price suppression efforts. Yes, they are going to let silver and gold rise, but they are going to try to limit/contain these increases. So the man on the street doesn't suddenly start considering silver as wise insurance. For example, wait for the next big story that a vaccine is imminent. This will create a major spike in the stock market, and will probably be used as the excuse to beat down silver and gold, massively. This kind of volatility in silver is common. Curb your enthusiasm. It's an insurance policy, not a lottery ticket. Moves like this are cause for caution. As much as we all want to dance of The FED's grave, that event is going to be very bitter medicine. To me, the paper market on silver is nothing but infiltration and corruption of silver. A dollar was equal to one ounce of silver, not one ounce of silver equaled a dollar. Once you start trying to get more paper with your silver, you become focused on Fed-bucks......., and that is the scheme. Because Fed-bucks are your enslavement, they are debt, and their "value" is controlled by those that would control you through its manipulation. Let silver go up in dollars, and all of a sudden, everyone wants silver so they can trade it for more Fed-bucks. If we don't break the debt-dollar-Fed-buck system and find a way to debt-free, independent money, our slavery will only get deeper from here. Not going to break their chains without a fight. The dollar is one ounce of silver by definition. What we have are not dollars. What we have now has been devalued by about 99%. Therefore silver is worth closer to 100 dollars -- and that's just today. Either you can buy stock symbols in the paper "market" from the banksters, or you can exchange the debt-based money for real money, gold, and silver, while the central banks are buying gold. The gold and silver ETFs are the paper market, which helps the banksters manipulate the prices. Keep printing your Monopoly money, Mr. Powell. We the people all know you are enriching the wealthy at the expense of the middle class and poor. The dollar's days are numbered. The King Dollar brigade is out fighting busily on all fronts today, silver, gold, cryptos, oil futures. It's becoming a tough job trying to keep the US Dollar alive. We're now mere weeks away from US food riots/looting. We all know the outcome, and now it's just a matter of whose timeline will win, breakdown before or after the US Presidential election? The silver war is fun to watch, with all these big traders trying to avoid getting killed. The CFTC will broker a deal for staggered delivery, and there won't be a peep about it in the media. Watch how quiet this will get now. The CFTC really is a massively corrupt agency staffed by insider traders/traitors. It's sad. I view them and even the SEC as little more than gatekeepers allowing this gigantic price suppression fraud to continue. Clearly, they all have support from the US government, who, no doubt, wants there to be no exit from the Dollar. It's not a supply-demand situation that runs the price of silver. It's a monetary metal, and all monetary metals skyrocket every so often when fiat currencies collapse. Worlds largest fiat currency has been so abused. It's going to collapse like a tent made out of toilet paper in a hurricane. All the FIATS will collapse together. It will be epic. The value of silver must always be stated in ounces and never in dollars. To do otherwise is like valuing your garden in terms of fallen leaves. The US debt clock says silver should be over $1000, and gold many times that. In truth, this is what is coming on the energy cliff, and currency reset horizon. Countries will become solvent again by reversing the price suppression mechanism to the upside. Silver could likely be $500 by early 2022. And gold likely above ten thousand. Eric Sprott just announced he's buying 1.5 Billion of silver. Sprott is putting a Hunt Brother to these Comex scums butt with a 1.5 billion ounce plan to purchase over the next 25 months. It's a perfect setup as the Fed cannot call him like they did Hunt in as he owns a physically-backed silver fund for investors. He will never tell you this, but his fund by law has to store the silver bullion in the Bank of Canada for the PSLV holders. CANADA wants its silver back. Ha! just joking, as Trudeau has nothing to do with it, but his Central Bank will be stacking hard in an inadvertent way. The US Mint just had an emergency conference with government officials about their ongoing ability to sourcing silver. Of course, that meeting was top secret and not a peep about what was discussed. The government does not have a silver stockpile like back then anymore. They will most likely use the excuse that they can't find any and shut down most likely, which is against the law, by the way. But Ron Paul isn't around anymore to keep their butt in line. In other news, Pan American, the world's largest silver producer, is shutting down 2 of its biggest mines in Peru by order of the Peruvian government due to COVID 19. So do you like Eagles? Might wanna grab those now if so. Buckle up kiddies and grab every silver earring you can because this one is going to be a moonshot for the ages methinks ; with the Government printing currency like water. Hurry up and use that COVID infected benjamins to buy. Silver is not even where it was 40 years ago, but the bankers' trolls are talking about parabolic rises to scare you out of your silver position. And for your interest, 5-10 or even 20-25 percent rises are nothing when we're talking about the price of a rare and valuable item like silver ;whose value has been suppressed by the bankers for half a century. Your call. Physical is the smart move here, avoid the fake and manipulated paper game. Stack silver for the grandkids. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

























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

👉28 Million Face Eviction -- Mortgage Market Meltdown Continues

👉28 Million Face Eviction -- Mortgage Market Meltdown Continues





It looks like we are facing a housing crisis that is going to be far worse than anything that we experienced during the last recession, and unless Congress starts making money rain from the sky it doesn’t appear that there is any hope of stopping it. Last week we reported on a looming wave of evictions on the horizon as the economic consequences of the coronavirus-induced government economic shutdowns begin to rear their ugly heads. Now for more gloomy news, there are also signs of trouble in the mortgage markets. nearly one-third of the american households – representing 32 percent – have still not made their full housing payments for the month of July, according to a survey from online rental platform Apartment List. Mortgage delinquencies soared at a record pace in April. And that was toward the beginning of the pandemic’s economic impact. According to property data and analytics company CoreLogic, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages. That’s the highest level since 1999. During the Housing Bust, the rate peaked in November 2008 at 2%. Mortgages from 30 to 59 days past due surged to 4.2% of all mortgages. This is also the highest level since 1999. The overall delinquency rate, 30-plus days, jumped to 6.1%, up from 3.6% in April last year. As of April, there wasn’t much change in the rate of longer delinquencies from 60 to 89 days past due or in serious delinquencies 90 days-plus, but this is like a wave rolling in from the ocean. “With home prices expected to drop 6.6% by May 2021, thus depleting home equity buffers for borrowers, we can expect to see an increase in later-stage delinquency and foreclosure rates in the coming months,” CoreLogic said in its report. In fact, there are signs the wave could turn into a tsunami. Mortgages in forbearance and that didn’t miss a payment before entering forbearance count as “current.” Just over 8% of all mortgages in the US are currently in forbearance, according to the Mortgage Bankers Association. That’s about 4.1 million loans. And unless they missed a payment before entering forbearance, they don’t count in the spiking delinquency rates. The overall delinquency rate rose in every state, but there were some obvious hotspots in terms of the percentage-point increase in year-on-year delinquency rate, according to data compiled by WolfStreet. New York: +4.7 percentage points. New Jersey: +4.6 percentage points. Nevada: +4.5 percentage points. Florida: +4.0 percentage points. Hawaii: +3.7 percentage points. As the economic crisis continues to spiral unabated, tens of millions of Americans continue to survive on unemployment while their economic stimulus checks have long been gone. This should cast further doubt on the notion of a quick “v-shaped” recovery. It’s not just the problems in the housing market. We’ve reported on the number of people of small business owners who don’t think they’ll survive, the increasing number of over-leveraged zombie companies, and the tsunami of defaults and bankruptcies on the horizon. Given the deep wounds inflicted on the economy by the shutdowns, we should expect a quick bounceback even with a vaccine. As we’ve said over-and-over again, curing the coronavirus won’t cure the economy. And with unemployment benefits expiring while eviction bans and moratoriums that deferred rent payments are being lifted by local governments, experts and advocates are warning that we could see a tsunami of mass evictions across the country that exceeds anything ever seen. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Week after week we continue to get economic numbers that are absolutely horrific, and it appears that we are heading for a housing crisis that will be even worse than what we witnessed in 2008. Back then, millions of Americans lost their homes, but this time around it could be tens of millions. I know that a statement like that may sound overly dramatic, but I believe that many of you that feel that way may change your minds after reading this entire article. In order to make rent and mortgage payments, Americans need paychecks coming in, and right now people continue to lose jobs at a pace that is hard to believe. On Thursday, we learned that another 1.3 million Americans filed new claims for unemployment benefits last week. That was worse than expected, and it represented the 17th week in a row when the number of Americans filing new claims for unemployment benefits exceeded one million. And as I keep reminding my readers each week, the all-time record for a single week prior to this year was just 695,000. Overall, more than 51 million Americans have filed new claims for unemployment benefits over the last 17 weeks, and that is by far the largest spike in unemployment in all of U.S. history. In fact, the numbers that we have been seeing should theoretically be close to impossible. In February, the number of Americans that were employed peaked at an all-time high of 152 million, and the number of people that have filed new claims for unemployment since that time represents more than a third of that total. I know that some people are hesitant to use the term “economic collapse”, but what else are we supposed to call this? Incredibly, one expect quoted by USA Today is telling us that the number of Americans filing new claims for unemployment benefits could actually “increase” next week… The rollbacks may spark a new wave of layoffs, especially in hard-hit states like Texas, Florida, Arizona and California, and possibly even push the claims totals higher. “Next week could easily see an increase” in initial claims, economist Ian Shepherdson of Pantheon Macroeconomics wrote in a research note. Needless to say, this tsunami of unemployment has resulted in a whole lot of people not being able to make their rent payments. In fact, the Census Bureau has announced that 11.6 million Americans live in households that did not make their most recent rent payments… According to the latest weekly Census Bureau data, 11.6 million people live in households that missed their last rental payments. More than 22 million Americans also have no, or only slight confidence, that they will be able to make next month’s rental payments, the figures show. Ouch. Large numbers of Americans are getting behind on their mortgage payments as well. The following comes from Wolf Richter… In April, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages, the highest in the data going back to 1999. This was up from 0.7% in April last year. During the Housing Bust, this rate peaked in November 2008 at 2% In the months ahead, millions of Americans will fall so far behind on their rent payments that they will be facing eviction. And millions of other Americans will fall so far behind on their mortgages that they will be in serious danger of losing their homes. According to Emily Benfer, we could potentially see a total of “20 million to 28 million people” get kicked out of their homes in the months ahead. “We have never seen this extent of eviction in such a truncated amount of time in our history,” Benfer said when asked about how the current homeless crisis compares to the 2008 housing crisis. She continued: “We can expect this to increase dramatically in the coming weeks and months, especially as the limited support and intervention measures that are in place start to expire. About 10 million people, over a period of years, were displaced from their homes following the foreclosure crisis in 2008. We’re looking at 20 million to 28 million people in this moment, between now and September, facing eviction.” We have never seen anything like this before. And of course Benfer is assuming that there won’t be another major crisis between now and the end of the year. So what happens if we get to September, October and November and things in this country start going absolutely haywire once again? The closer we get to the election, the higher societal tensions will run, and they are already so high that we could see a major eruption at literally any moment. And I should also mention that the $600 weekly bonus payments that were keeping so many unemployed Americans afloat will be terminated at the end of July. Once those payments stop, millions upon millions of unemployed workers will have a much, much more difficult time making rent and mortgage payments. Most Americans believe that “the worst is behind us”, but the truth is that we are sleepwalking into an unprecedented economic nightmare. The perfect storm is now here, and most Americans are completely and totally unprepared for it. I would very much encourage you to take the summer months as an opportunity to make the preparations that you need to make for the chaos that is approaching. We are already witnessing nationwide shortages of flour, canned soup, pasta and rice. As the problems in our nation intensify, the shortages will only get worse. Of course in order to store up supplies you must have somewhere to put them, and for tens of millions of Americans it is going to be a real struggle just to keep their homes during the months ahead. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

👉 Banks Holiday , Financial Crash looming in the shadows

👉 Banks Holiday , Financial Crash looming in the shadows





The pandemic and the associated sharp contraction in the U.S. economy have abruptly ended a long period of good fortune for the US banks and created their greatest challenge since the 2008 financial crisis. The Big banks are set for the worst financial quarter since the financial crisis. In fact , as the big banks gear up for earnings season, many investors are anticipating the worst quarter for the banks since the financial crisis. We are going to have more loan pain but plenty of fee income. Q2 earnings should bring this market back to reality. It is going to be ugly. The Banks Report Earnings is coming next week, It Won’t Be Good. I suspect the rubber is about to hit the road hard. Too many people not paying rents. Too many people not paying mortgages. Too many small businesses are going bankrupt and leaving their loans uncollectable. Too many write-offs. All the liquidity in the world does not make up for actual losses on the balance sheet - every dollar borrowed is both a debt and an asset .When the mortgages go into bankruptcy suddenly you are staring at a balance sheet with a lot of debt and no asset. The books can be cooked - and they will make themselves look better, but ultimately all the cooking just makes things worse. Hold onto your butts; the bankers are about to squeal like pigs. The credit defaults will put a hit on banking. A huge jump in unemployment claims will spell the beginning, not the end of this crisis. The default will probably rise before the layoff/unemployment no. The negative demand shock will cause a sudden default to incorporate, then unemployment. That is what FED and the EU central bank is afraid of. Twenty-eight million, or one in five Americans who live in households that rent, are facing mass evictions. Half the country's rent moratoriums are over. Courts are filling up with eviction cases. And the problem gets worse, that is, because when rental income for landlords collapses, they will experience financial hardships as well, including servicing mortgage payments and inability to cover other building-related expenses (if those are fixed or variable costs). Over half of mortgage payers haven't made a payment in months. Even though most banks are only Servicing most mortgages and aren’t the owner/investor, the Banks still have to cover the first few months of delinquent mortgage payment per most investor contracts. That’s a serious coin for millions of mortgages if the borrower never cures the loan and defaults. Additionally, banks have to write down the value of their mortgage servicing rights when a loan defaults. All that said, it’s still better than being the investor backing the loan, but Banks still take a decent-sized hit when loans start going bad, even in relatively small numbers. Nearly 10% of overall bank funds are tied up in bonds and loans to the energy sector. At this time, with oil below $40, the Banks energy sector liability is incalculable. With more and more brick and mortar retailers going bankrupt ,resulting in more and more vacant stores in shopping centers and malls. The banks holding the loans on said properties could see many related commercial property loan defaults. No buyback equals no profits because banks always manipulate to make money on buyback buy low sell highs. So what does it mean for investors? Well, if there's no buyback, we know fed back up banks because fed planning or know things will drop a lot more. Fed does not want banks to buy back high, then it drops? Banks and corporations owned by fed and fed and corporations and banks owned by behind curtains world power. I am shocked that with 30 million unemployed, the economy stalled, oil cratered, and consumers confined to their homes, that banks aren't able to just hold a net out the window to catch all of the money falling from nearby trees and use it to record profits despite whatever is happening on the filthy little people milling about like zombies on the streets. And apparently, this is good news--with the market shooting higher every day. Still charging 25% interest rates to customers on credit card accounts, and now they want a backstop for potential losses while they borrow money at zero percent interest. Bottom line, savers and speculators are screwed by the banksters, who always get their way from the greatest inheritor of all time. It is good to be born well. Ask Baron. This is the price of debt-based wealth. Everything from cars to corporations is financed with massive amounts of credit. Entire countries are robbing Peter to pay Paul to the point where no one even knows who is paying for what, if anyone. It's like the entire world economy, and particularly the American is one big Ponzi scheme. The Feds are running the Banks as Russia and China do. Welcome to Communist America. The Fed's have turned into Socialist Communists and are running the banks. What is very obvious is the Fed has been loading the banks since last year through the Repo market, and it is well known on the street that banks needed liquidity. Covid-19 has really provided some "cover" for what was coming anyway. The explosion into vehicles to increase that liquidity, even in the form of "junk bond ETFs," further speaks to this reality. Net short, I'm happy to hold longs as well, but the transparency from the Fed speaks to desperation. Stress tests and meetings with the senate, just a dog and pony show for the public. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. If the current economic shock has taught us anything, it is that despite all the new controls rules regulations put in by Congress after the financial crisis,Wall Street always has a way of finding new and inventive ways of creating things to sell like the hundreds of billions of dollars in subprime mortgage-backed securities that basically broke bank balance sheets more than ten years ago. A similar but simpler Wall Street product needs to be on your radar if it's not already. You've probably heard about them. They're called collateralized loan obligations , or CLOs . No not CDOs. Those are collateralized debt obligations, which of course, just you know, help destroy the banking system in 2008. CLOs are bundles of business loans generally made to smaller or mid-sized companies some of whom have maybe trouble balance sheets or maxed out their own borrowing, can't sell bonds directly to investors or do not qualify for traditional bank loans. The banks are making mistakes similar to those leading up to the 2008 financial crisis. Only this time with this new type of security that could break bank balance sheets beyond repair. The only constant here is the taxpayer always pays for the sins of the rich. But hey, no worries, the Fed will bail all out. Fed has been buying bonds. Thus, these companies will be able to issue more bonds and pay back their debt to the banks. The banks also can sell off the bonds they're holding to Fed at a profit with near 0 rates. All win-win for everyone except the federal balance, which no one cares about. Debts no longer matter, employment no longer matters. Governments printing funny money no longer matters. Corporate losses, stores closing it does not matter. Dead bodies, mass graves, it does not matter. Welcome to the Twilight Zone. The Fed now needs to print faster! Fun facts: The Fed is not, I repeat not, a government agency and not part of the federal government at all. The Fed is a private institution run by private bankers, who have taken over the US governmental finance sector. The US constitution forbids anyone but the federal government from printing money. The US government does not print money. The Federal Reserve (a privately owned company) prints our money then loans it to the US government via treasury notes, and the US government pays interest on it. The US government pays interest on money it borrows from a private company. It allows it to print our money. Let that sink in and think about it. If the US government would simply print its own money, we would not be in the debt crisis we are in now. We live in an unofficial oligarchy. The democrats and republicans fight and debate on camera, but behind closed doors, both parties are on the same team, and the mainstream media stations will keep people divided by race and class, focusing on issues to distract all of us from focusing on what corporations and their politicians are doing behind the curtains. prepare for another downturn in the stock market as investors will soon realize the shape of the recovery is an "L" rather than the overhyped "V." As long as the central banks keep interfering with market forces. They're not only protecting their own portfolios by putting us deeper in debt, but they HAVE TO keep these equity and bond markets up. If they don't, they're going to have tens of millions of retirees who are suddenly insolvent. Everything will collapse, in some places more than others. In that case, no candidate from either party would be able to speak in public with hundreds of 60 somethings on up cussing them out non-stop. If they fail, they will simply be nowhere to be found. They'll be far away protected by isolation and private security. Oh, the local politicians will (mostly) be alright, because most everyone loves their local politicians and won't blame them like those in Washington. The others, the ones largely behind the scenes, most of us don't even know of anyway. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!









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

👉Mortgage Market Meltdown: Mortgage Delinquencies Suddenly Soar at Record Pace !!

👉Mortgage Market Meltdown: Mortgage Delinquencies Suddenly Soar at Record Pace !!







Mortgage Market Meltdown: Mortgage Delinquencies Suddenly Soar at Record Pace. Over 4 million Americans are now skipping their mortgage payments. An indicator that presaged the Housing Crisis is flashing red again. New mortgage delinquencies hit a record as people couldn't pay. Many Americans did enter forbearance programs, but will they be able to pay in August, September, and October? 3.4% of mortgages are delinquent (2008 peak was 2.0%). Free cash flow is in free fall. The macro-environment is severely impaired. It’s actually worse. Mortgages that are in forbearance and have not missed a payment before going into forbearance don’t count as delinquent. They’re reported as “current.” And 8.2% of all mortgages in the US – or 4.1 million loans – are currently in forbearance, according to the Mortgage Bankers Association. But if they did not miss a payment before entering forbearance, they don’t count in the suddenly spiking delinquency data. These numbers will only go up after the "free money" train runs low on gas, which happens over the next few weeks. 30% of all renters are also now behind in paying their rents. And 28 million facing mass evictions over the next two months. Who will rent from those landlords who evict? You ain't seen nothing yet. Wait until the moratoriums prohibiting foreclosure sales are lifted. For FHA/VA/GNMA/FHLMC/FNMA, and most other private investors, there have been no foreclosure sales since March. With no interior appraisals, there has been little price discovery and mark to market balance sheet/loss reserve adjustments. Just wait. Madness is coming. The banks have a problem, and they know it. They may be better capitalized than they were in 2007, but that doesn't account for the bigger size of hidden risks embedded in the system (VIE). There is never just one cockroach. This will get way worse over the next few months. A new banking crisis is inevitable. Airlines, hotels, car rental, restaurants, oil drillers, refiners, and shippers did not sign leases and borrow huge sums of money based on 50% capacity. Too much debt and not enough customers equal bankruptcy. But no need to worry, the banks are too big to fail! “This is a financial extinction event, and the Fed's pathetic shamans can't reverse history.” This is a financial extinction event and the Fed's pathetic shamans, along with the willing politicians across the globe, and the abject stupidity of the sheeple, CREATED THIS history for the purposes of causing worldwide neo-feudalism. Global Debt Ponzi Death Rattle. We should be getting massive deflation, as asset values begin to reflect economic reality. Too bad that won't happen. The Fed won't allow it. The government can't afford it. This is the road to hyperinflation. There's still property tax, inflation tax, bank bailout taken from your bank account tax (incoming), police and eminent domain asset seizure on spurious grounds (like unproven speeding), rioters ravaging your area. Systemic collapse is ongoing. Debts are inevitable in this monetary system, same with foreclosures and therefore the need for forbearance, it's like a game of musical chairs. Americans have been sold the notion that homeownership is a means to independence, when, rigged as the system is, it’s just the opposite: a road to dependence on your employer and eternal debt. Banks have arranged mortgage payments so that a borrower pays mostly interest in the first years—and in most of the years—of a loan, which minimizes borrower equity. Not until roughly year 20 of a 30-year mortgage does the amount of principal paid off equal that of interest. With the game rigged like that, a homebuyer doesn’t acquire much equity until the last third of a mortgage’s life. Until then, they are paying mostly interest. That’s wealth extraction. It could be set up in many different ways, but the banks have gamed the system to benefit themselves and screw the mortgagee. The word MORTGAGE itself means death agreement. Stew on that It translates from the French, literally meaning "death grip." That means the lenders' attachment to the property until they are repaid can not be broken. And who is next in line - the taxing authority - none ( individually ) to my knowledge have allodial title to their property. In most cases, it can be taken from an individual if the taxes are not current. Everyone is paying rent, though it masquerades as buying ownership. The home mortgage is only one of countless methods by which the rich use their power to move wealth toward them. Corporate and wealth-favoring tax breaks, high taxes on earnings versus low taxes on capital gains, pre-payment penalties, exorbitant credit card interest on no-annual-payment cards versus low rates on high-annual-payment cards for the rich, redistribution of taxes to corporate officers via government contracts and subsidies, expensive lobbyists who write the laws, executive salaries thousands of times greater than those of workers—these are all legal tricks to help the rich pull money out of the pockets of the rest of us. It is a system designed for the rich to direct resource flows toward them, not because they merit it, but simply because they control it. If you haven't worked out by now to move out to the country ( preferably with some arable land and debt-free) away from urban crap holes, then it's likely too late. It is staggering how few people truly understand the usury of debt. For every dollar you borrow and then owe, you must earn 3 dollars to pay it back. Why? Because for each dollar you earn, the government gets a third, and then the bank gets a third in interest. It's modern-day slavery. Funny how they don't teach this in schools. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. What we have here is another crisis manipulated by the financial pirates to their gain. Just as when Bush was in office, they have another easy to manipulate leader in Trump. So what we get is huge government debt, which goes to cover the losses the pirates would have taken based on their previous reckless behavior. Politicians are just puppets. It's the central bankers orchestrating this takeover of everything they can get their greedy hands on. Mortgage defaults were skyrocketing long before the pandemic. Housing prices and rental rates were cratering long before pandemic too. Mortgage defaults started skyrocketing two years ago. Just wait until mid-September when the defaults skyrocket. If you think this is bad, wait until the eviction moratorium is lifted. Smart landlords are ahead of the game and have started the eviction process, so they can be first in line at the courthouse. But that ain't nothing compared to the avalanche coming when the rest of the landlords that have been operating with good faith realize that all that back rent won't be paid. And that's only residential. Commercial Real Estate will make all that SOAR EXPONENTIALLY! Central banks have been printing cash so fast since 2008 that they have managed to keep the nuclear winter away from the heat of the press. So, bank cartel, how's that MMT working out for you? Or is that your plan, to foreclose on all privately held property? Perhaps this is the endgame of the fiat currency debt-based economy that has been punishing savers and rewarding debtors for decades. To get nearly all private assets tied up with debt so that they could be stolen at the fall. Bought up with money created out of thin air. MMT is working great for Wall Street. Not much MMT for the main street. And MMT for individuals needs to become perpetual since this is the only thing supporting our economy. Once it ends, so does our economy. MMT, after this next round of stimulus, will end, and so will our economy. Everything is moving along as planned. And those who created this crisis in the first place will offer to bail us out after everything crashes. All we will need to do is allow this international banking cartel to replace our US dollar with a currency of their very own. A long-desired, one world currency. If Congress doesn't plug the unemployment hole, all Hell is going to break loose; you will see riots that make Soylent Green look like child's play. What the Globalists unleashed will earn them a repeat of "house cleaning" a la French Revolution. When they killed the Thin Blue Line, they killed their own wall, separating them from very angry, very hungry, very desperate mobs. "Desperate People do desperate things. The Globalists will get an education: You can't run the world from an underground bunker - especially when your bought and paid-for cops and military turn on you because they finally realize there is no reason to allow you to live when they can split-up your wealth. The fallout will be epic. You should have a plan and pray you never need to use it. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

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

👉The Secret History of Money Unveiled !!

👉The Secret History of Money Unveiled !!





Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You'll be hooked in five minutes. Very few Americans know that the Fed is a privately owned bank operating for its own profit. It is actually part of a banking cartel that is controlled by eight families. Our government has no control over them. Their actions have profound results on the American economy. The citizens lose since the Fed will always do what is in the Fed’s best interest. The Federal Reserve is the monster inside every Americans' medicine cabinet, dark closet and under every bed. We can't escape it and yet we work harder each day to pay our taxes and bills and even when we think we are sort of getting a little ahead, we are drowning due to inflation from a debased currency. Most don't know how to deal with this monster, so we ignore it and hope our ignorance will keep us from being one of the more tragic victims. However, make no mistake, we will all drown and be destroyed by this monster...except for the 1% at the top who will always and forever keep their pile of riches. And the amazing part, is that this monster is actually CREATED by that same 1% in order to enslave fellow Americans. If that fact alone does not make you furious and ready to go to war against the crooks in charge, then you are living in a fantasy and delusional denial. Three families are destroying the US and they are using the Federal Reserve as their main tool. How? By giving politicians free money which they can use to spend on their projects and to effectively buy votes. So these three families leverage the power-hungry types by giving them money as a means to get them power. In return, the power-greedy politicians agree to tax future Americans by force, and give the profits back to these same families. It is an immoral scam, 100% unconstitutional, and yet it is the good ol' USA you live in right now! Feeling patriotic anyone?? Who are these three families who are secretly waging war against every man, woman and child in the US? The Bank of America, the Citibank, and the Morgan Chase. What we will do to fight against these families who are content to drown the rest of us so that they can not only survive, but live in grandeur and luxury? This is exactly like 1917 Russia. Will we storm the bankers' palaces, strip them of power and cast them down? Or will we just give up and let them continue to drown us instead? Who among you will rise up and reject the status quo? Who among you will throw off the modern slave chains which now take the form of inflationary tax from devalued currency? If any of you will stand up and say, "give me liberty or give me death", now is your hour to join the movement to ban the Federal Reserve. And it really is that simple. We don't actually even need to physically fight anyone. All we need to do is use the political channels to End the Fed. If you are up for this, this book will help you gain great insights. I highly suggest you read it. The main event is the establishment of the Federal Reserve in 1913. Since then the dollar has lost 95 percent of its value. This means today's dollar is worth 5 cents in 1913 dollars and it takes about twenty dollars today to equal the value of a 1913 dollar. So the main purpose of the Fed has been to devalue the dollar through inflation. This has allowed politicians to spend endlessly to keep themselves in power while pushing the nation towards bankruptcy. Other important events include FDR's confiscation of all privately held gold in 1933. What the government will confiscate in the next economic crisis to save itself we do not yet know. In 1971, Nixon was forced to have the United States default on its promise to exchange an ounce of gold for every 35 dollars, thereby taking the country off the gold standard. This allowed the Federal Reserve to print fiat money, meaning it could print as much money as it wanted. This has led to a national debt of $27 trillion and widespread economic and social disorder. The United States is now obviously in decline and social disorder is spreading after a brief hiatus. Just look at places like Minneapolis where the police were ordered to stand down and let the riots continue. Meanwhile the rioters were having a great time destroying property, taking selfies, and posing for television cameras. Resisting arrest has been basically decriminalized in the mainstream media. It is apparent that the country is in the same "bread and circuses" stage as the declining Roman Empire. Today the bread is massive welfare spending and massive inflation of the currency. The main circuses are the biennial national elections which are the country's main form of entertainment. The elections are basically a ceremony where people pay homage to the myth that they govern. Meanwhile the real ruling elites such as the Supreme Court and the Federal Reserve make all the important decisions. The politicians that you elect are run by these people who main aim is to create a new world order (One world government a dictatorship with no free elections) Frighting but a reality banks creating money by flooding the market with quantitative easing which forces up the cost of living and lowers the interest rate for ordinary people while the rich get richer. Don't be an Ostrich awake. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, google has demonetized this channel, so now I rely totally on your donations to keep this channel functional, as you know it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Money is a medium of exchange; it allows people to obtain what they need to live. Bartering was one way that people exchanged goods for other goods before money was created. ... Fiat money is government-issued currency that is not backed by a physical commodity but by the stability of the issuing government. Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. ... Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. The Bankers, and a few others, control this country, most of its media and its significant politicians, through their control of a cartel deceptively called the Federal Reserve System. The same Bankerss, and others, control other major economic powers through parallel control of their central banks, media, and politicians. Despite our “Founding Fathers’” vehement opposition to any central bank or government-issued paper money, their efforts to ban it constitutionally have been circumvented. 4) Politicians, with few exceptions, cannot resist the appeal of being able to issue “fiat” (not backed by anything of value, therefore being able to be produced in ever expanding masses until that particular economy eventually collapses) money, because it seems much less painful than levying taxes, and virtually none of their electorate realize that its issuance enables the politicians to spend much more than they could ever raise through taxation while at the same time reducing the value of the citizens’ savings, salaries, pensions, etc. “Fractional reserves” enable banks to loan out close to 10 times the value of their real assets, dramatically increasing the amount of ever-increasing currency in circulation and proportionately cheapening its currency (therefore up to 10 times the country’s recently doubled national debt), and to earn interest on each of those multiples loaned. The Bankers and their fellow collaborators have learned that nothing inspires a country to engage in the massive issuance of fiat money like war, and they have therefore helped develop and funded “enemy” powers where none existed, then fostered wars among them, then financed both sides of those wars, then used their control of media to entice the ignorant public into believing in those wars, and reaped huge spoils from those wars, not only in interest on loans, but in lucrative commercial monopolies received for their troubles. Groups of greedy (understatement) “idealists” (of which Cecil Rhodes may be considered a prime initiator) began before World War I working toward a single, socialist/communist autocratic world government which would impose the wonders of the elitist British culture on all the world (including the Fabians and, in the US, members of the Council on Foreign Relations) which they, of course, would control. The economic and military strength of the US makes it difficult to subjugate to such a plan, so they need it (through its banks) to, i.a., make massive “loans” (with no expectation of principal repayment but with government [US taxpayers] guarantees) to less affluent countries, thereby dramatically economically and militarily weakening the US while distributing its wealth (on which they collect interest) to the less developed nations with examples like the US’s recent funding of Mexican drilling for oil in the Gulf of Mexico, and Brazil’s drilling for oil off its coast, while refusing to allow US drilling in the Gulf for “environmental” reasons, and blocking two pipelines that would have been environmentally far safer and better for the US economy and national security. Of course, this should be required reading in every high school and college, but then, consider the odds that such an idea would even be considered in the US “academic” institutions of today. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!














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