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

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






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

































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

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

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






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













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

👉Economist Nouriel Roubini Warns : The party on Wall Street is Bad for Main Street

👉Economist Nouriel Roubini Warns : The party on Wall Street is Bad for Main Street






Dr. Nouriel Roubini, in an interview with Bloomberg Surveillance, warned that the stock market is completely disconnected from the dire economic outlook of a waning recovery amid continued depressionary pressures. Roubini says that we are going to go through a ten year of misery. The stock market is driven by only five tech companies, the rest of them are not doing well, and there is no recovery in the general economy insight. And what's good for wall street is actually bad for Maine street. Wall Street represents big firms, big tech, and big banks. At the same time, the main street represents workers, households, and small and medium-sized businesses. The stock market does not reflect the real economy; the Main street is struggling severely. The party on Wall Street driven by liquidity via central banks, has reinflated financial assets to nosebleed valuations as the labor market implodes. The demise of millions of small businesses underlines the bleak picture we face. This means unpaid rents and more empty storefronts as Main Street withers on the vine. Most small businesses are based on shaky ground.No savings, no financial planning for emergency situations, or the future. Most of these businesses are going bankrupt. Until now, much of the damage has been masked by the massive government stimulus. Unfortunately, the damage all this has produced will become apparent over the coming months from the strong headwinds facing our economy. Wall Street is not ignoring the Main Street crash. It is causing it. If Facebook, Amazon, Apple, Microsoft, and Google were removed from the S&P 500 index, the overall main equity index would be flat on the year, as opposed to +35%. And if you're going to talk about crazy stock movement, we can't forget to add Tesla to that list. I can't imagine why everyone wouldn't need a new Tesla during major economic depression. The Fed does not care about common people. Of course, the main street crash is ignored. Wall Street does not care about Main Street. It never has. Main Street has been doomed since 1971. 1971 was the beginning of the End: Massive Monetary Disorder. The Gold standard was removed. And The US fiat was born. Wall Street gets the gold. Main Street gets the shaft, same as it ever was. All that matters is bankers. They give you 0.0001% on your savings rate return, negative with money dilution, and stealing on your hard work. And they charge you 23.63$% on Their credit card rate return on their free money. The Fed is Making billionaires, trillionaires. A vast majority of common people have no clue what the Fed is and what it does. The Fed and government allowed the banksters and corporations to loot the U.S. Treasury for trillions to stimulate the fraud market while the people suffer from the lockdown. The real economy can be measured by the money velocity M2. The charts show a decline since 2009, and the sudden plunge beginning in 2020. All the freshly printed money ends up in the hands of the .05%. Meantime the Fed's Blackstone will buy all the failed real estate, corporate assets cheap with free Federal Reserve money, and make billions. No one saw this coming! We need a few Trillions more for the CEO's. The bankers, too, need their bonuses and be rewarded for their talent. Apple now has a 2 trillion dollar market cap. I think we need another large corporate tax cut for them to get to 3 trillion. And how about Jeff Bezos. He could be the world's first trillionaire. We got to give him more breaks and handouts to get there. Mainstreet doesn't matter. Mainstreet and Wall Street have been separated for years. Wall street euphoria cares zero about the main street. Welcome to the negative real yield economy. Where every asset rallies as the preservation of capital tool. Thank you, the Fed for this asset price inflation. Has anyone considered the probability of the Fed running out of room to inflate? I suspect we will be the deepest depression of our lifetime. How much of that possibility has been priced into the market? Wall Street versus Main Street is the biggest divide in history. The too big to fail has gone ten times since 2008. And the COMPLETE CORRUPTION of DC and Wall Street is going into hyperdrive. The last financial crisis should have WIPED OUT all big banks. Instead, we rewarded their criminal actions. This isn't going to end well. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. We have more than 40% of U.S. banks tightening the lending standards on loans to large and mid-size firms. We have at the same time, the percentage of banks reporting an increased willingness to make consumer loans fell by 20%. At this point, the only factors protecting the economy from consumers' inevitable breaking point are the Fed and government stimulus checks ,and the temporary largesse to landlords, banks, and other creditors. The federal moratorium on eviction notices may be extended. But at least 40 million renters face eviction by September 30. There's a cliff approaching. Major industries like Airlines, Hotel, Retail, Manufacturing have taken a huge hit due to lack of demand and following health guidelines disrupting the supply-side economy. Jobs are not going to come back overnight and will take years. It's not about your local store being able to out-compete Amazon. They can't for a multitude of reasons. It's about your money leaving your community the instant you click that buy button rather than staying to support and circulate in your community. I drove down the main street in my town and saw a ton of empty storefronts. People are now not only able to do a tremendous amount online from work to purchasing, etc., but they are being REQUIRED to do so. It's a transformation, and towns like mine are not going to look the same ever again. Once mass defaults and bankruptcies from the restaurant, airline, cruise, hotel, theater, hospitality, theme park, race track, casinos, and commercial real estate happen.We will all be miserable together. Americans are going to get hungry and angry. I assume the bank bailout will cost the US taxpayer several trillion dollars. As a society, we have not discussed honestly who should take the hit: e.g., renters or landlords or banks or savers or taxpayers? The politicians dance around the issue and talk about "fairness," but should we all take a hit? Is it really fair that the savers who had no stake in the risky assets should share in the losses or be bystanders to the gains? I do believe the day of reckoning is coming; there are a few stocks that are driving the markets higher, Tesla, FAANG, Microsoft, Nividia. They are all overbought. We have the bubble-like 2000. These stocks will go undergo a correction. In a pure capitalist system, the market determines the hit. We don't have to figure it out. But we are not in a free capitalist system. We are in a Fed manufactured illusion. The central bankers have lost their moral compass, and we are creating a moral hazard that only the financial elite understand. It cannot end well. And while it is immoral to do what the Fed and the politicians have been doing, it is perhaps even worse than the legacy media have been encouraging it. This is the plan . 1.)Trigger massive foreclosures again. 2.)Federal Reserve funded, Blackstone, buys up all the failed real estate for cheap. 3.)Sells or rents. A repeat of 2008. They are doing exactly what they were designed to do! Forcing everybody into the fake soviet style market, so boomer C-level execs and their complicit politicians can cash in on their options. The Federal Reserve is committed to goosing stocks through corporate buy-backs bond-buying forever. The Power That Be, including the Fed, have no choice but to goose stocks forever. 1) It's the easiest market to rig and control, except for precious metal markets. 2) All the pension programs and 401K programs depend on this. 3) It's the one piece of the economic narrative that tells some naive people that the economy is not in a free-fall. 4) It's where the wealthy get and keep their wealth. The banks have been bankrupt since the repo crisis of September 2019 started. But something tells me Wall Street is going to come crashing down to Main Street’s level within six months. They will have to pull the plug soon. Smart money is exiting now. The printing press does have limits, and China, Russia, and others conspiring to kick the US Dollar to the curb will one day make American money printing seriously consequential just like Zimbabwe. At some point stock drop hard, then the misery moves up the food chain. This recession is deemed permanent. This has been in the works for decades. Only blind and ignorant people have not seen what is coming. The only reason the stock market is not in the bin, around 0 - Zero, is inflating by money printing. That is how they rip off the rest of the world. The question is: how far down the road can they kick the can? The carnage we see all over the world has been instigated. It sounds like their aiming for society to come to an agreement for Totalitarian rules that fix all these problems. Can the reserve banks, including the Fed, go Bankrupt? They issue Fiat dollars (loan) to governments. The citizens pay interest (taxes) on the imaginary debt. The current interest on the 30+ trillion debt of the US alone is about 464 Billion per year. That's 1.3 Billion per every man, women, child, and illegal alien who currently reside here. At some point, the payers cannot meet the debt, and the entire system has no money and no credit. If no one has money to use as barter, they have no food, no heat, no shelter, no nothing what then? The banks have no money either. They can't hire proxy armies because they can't pay them, so whose going to work for nothing? A carrot would be worth more than a bar of gold. It wouldn't be a brave new world, especially and not even the Dark Ages. It seems more likely the Stone Age. I expect that after the US falls even further into debt after the passing of this next stimulus package, and after the free money from the federal reserve drives the dow above 30,000, then the gradual collapse of all of the markets should begin. I can't see this engineered crisis pass until the whole world markets and economies are plunged into darkness and are at the mercy of the international banking system. And we will then gladly accept their one world currency in place of the US dollar in exchange for a bailout. They will have the control they long desired, and we will be at their mercy. This following statement is said to be by Henry Kissenger: " Who controls the food supply controls the people; who control the energy can control whole continents; who controls money can control the world." Main Street is not just struggling. It is under attack by wall street financial vampires. 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

👉This is Why Nasdaq and S&P 500 made new All-Time Highs !!

👉This is Why Nasdaq and S&P 500 made new All-Time Highs !!





Nasdaq and S&P 500 made new All-Time Highs - Are They now too Big To Fail? The stock market is going to the moon! Not even the pandemic could stop this bull. The Nasdaq and S&P 500 made new all-time highs last week. This is the biggest Ponzi in history. The stock market is now too big to fail. In fact, by definition, every Ponzi scheme is Too-Big-To-Fail. Until one day, The bigger they are, the harder they fall. Logic would have Wall Street to catch up to Main Street. But the Fed is pumping so much liquidity into the system. This stock market is too rigged to fail. A million here, a million there. Before you know it, you're talking real unemployment and a first-class depression. This is the greatest swindle in the history of mankind. Those dollars created by the Fed to push stocks higher have come from the paychecks, pensions, and savings of working Americans; The Middle Class who produce real products and services. At the core of this system of massive theft and plunder is the Fed and central and fractional reserve banks everywhere. There are fewer and fewer big companies that pull the stock market along. A great many of them are getting wealthy doing things that much of our US populace doesn't care for. Tesla for example, ships .02% of all vehicles. But its market cap exceeds all the other automakers combined. That is definitely insane. The market cap of just seven stocks now equals 39% of US GDP. The balance sheet of the US Fed now equals 36% of US GDP. The rest of us only has 25% of the real economy. The stock market is like a toilet that's broken and won't flush, yet people keep defecating into it anyway. We're cresting the rim right about now. The stock market is too rigged to fail! It is rigged by GREED, and FOR GREED. A perfect vehicle to manipulate. Get stocks high and then cut them off at the knees and make a huge profit on the other side. Did you really think markets would ever be allowed to go red, every dip is bought and green every day? 1 or 2 small days red in a month, and that is all that is allowed. We are living in a fantasy world right now, but you have to keep doing what has worked for four months in a row, keep buying way out of the money calls and join the rich. These Robinhooders will never have to work again, so who cares about unemployment numbers. All they need is a Tesla, chipotle, iPhones, computers to trade, and video machine/games to survive for the next ten years. There is no economic recovery both in the US and internationally. Unemployment is extremely high. And there's a good possibility job losses will accelerate in the coming months as the PPP ends for big businesses (more than 500 employees) at the end of September. And many struggling small businesses go belly up. State and local governments are in dire economic straits, and if they don't get assistance fast, there will be a huge wave of layoffs and service cuts. There is also the potential for millions of renters and homeowners to be evicted in a crisis that looks like it could be worse than the housing bubble of 2008-2009. So why exactly are stocks climbing on a near-daily basis as if we already are well on our way to recovery? I get the feeling that the big players are pushing to see how much more they can squeeze out of this market before they switch to profit-taking. And when that happens, the market will collapse just like it did in Feb-March. They are taking foreign investors and retail players for a ride. They will be squashed when the big players get what they want out of the market. Unless of course, Powell decides to go Japanese and outright buy stocks to halt a full-blown crash. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Every 90-years, there is a giant stock market crash followed by DEPRESSION. 90-years ago was 1929 followed by GREAT DEPRESSION, lasting 25-years to 1954. Will history repeat? I BELIEVE SO. Employees will lose jobs. Smart Entrepreneurs get rich. Start preparing now before the crash. The next stock market crash will take the US Dollar down with it. Retirement savings will disappear, along with the US dollars value. The US dollar is failing and has been for a few years. It will continue this slow death spiral for a few more years. The boyz at the fed are pretty good at kicking the can down the road. The Fed exists only to reward the donor class. The briefcase mafia never had it so good, so we'll keep the same low class of people in the office again this year. The Federal Reserve was created to make billionaires trillionaires. The bottom 20% of the population share less than one percent due to Fed policy. The debt slaves are always at the bottom of the pyramid, but they actually move the most bricks. Big companies, float trillions in debt, give the top management huge stock options, buy billions in stock buybacks, give billions in bonuses, outside the US, then force the Fed to buy the debt. And the Federal Reserve will buy it all. They are the buyers of last resort. If the Fed had allowed asset prices to find their natural bottom, wherever that may have been, and they were already on their way in March, and say, across the board.These American billionaires would have lost half of their wealth; then wealth inequality would have been cut in half. But what happened instead is this: the guy with a low-paying job, who lost the job, got the stimulus money and unemployment benefits, and then he handed this money over to the rich. This money didn’t stay with him. It flowed to the asset holders, to capital. That’s how the money flows. And it helped produce the corporate results that helped drive up asset prices. Bezos was the biggest beneficiary of them all. The top 12 wealthiest billionaires have seen their combined wealth soar by 40%—or $283 billion since the pandemic, it now comes to a total of more than 1 trillion dollars. In the meantime, 56 million Americans have filed new claims for unemployment benefits, and more Americans are losing their jobs with each passing day. More Americans are suffering from poverty and even hunger. This inequality is a huge handicap for the economy going forward. An economy based on ballooning inequality cannot perform well. Inequality will get in the way of recovery and has a negative impact on future economic growth. This is the save the village by burning it to the ground approach. By trying to prevent a recession/depression, it will cause more problems, either a very slow growth economy that allowed zombie companies et al to continue with capital misallocation and/or a more severe economic downturn ; since the weak were not allowed to perish in a capitalistic system. And tremendous social resentment. The FED is just a bookkeeper that operates closed books and an unlimited credit line for all its shareholders. The end game for the FED is to be the last bank standing and to own it all. They will own cities, states, nations, and all their citizens. They will take out the commercial banks and introduce a digital dollar. The dollar takedown has begun. Won't be long now. The second wave and crumble becomes collapse. The MMT debt scheme is near its mathematical ending. Digital technocratic controls are coming. Here is the mechanism the FED will use to release a mountain of money into the real economy. The Banking for All act is part of the coming stimulus package. It authorizes the FED to offer pass-thru accounts to everyone. In distressed or poor areas where member bank branches are limited, you can go to the POST OFFICE to get your FED account. They will deposit digital dollars into those accounts in the form of Universal Basic Income or stimulus. You will think the digital dollars are like your paper dollars, but they are not. Now they can breach the zero lower bound of interest rates, i.e., go negative. The FED will drop their bank lending rate to -4% or -5% while paying interest to the new FED accounts. The FED can allow you to convert your bank money (paper) to Central Bank Digital Currency or maybe a portion of it or none at all (to increase money velocity). Are you going to sit there as the bank takes 4% of your balance each month because of negative rates, or are you going to rush out and spend it if the FED won't let you convert? There's your inflation! The consumer, being ignorant, would only notice that their bank is charging to hold their money while the FED is not. People won't even notice the difference between their banks' version of money (paper) and the CBDC (programmable and digital). Not only would that incentivize everyone to spend their money before it dwindles away, creating price inflation and velocity, but it will serve the purpose of getting rid of paper money in favor of digital. What a smooth transition that would be. Eventually, the commercial banks will disappear once everyone is on the FED's ledger. That's the FED's endgame. To own it all! They may even allow you to take your CBDC out in the paper for a while just to convince you that there's no difference between FED money and paper. You might think you can avoid the negative rates by getting your cash out, except there's only 1.95 trillion in printed notes. If you're lucky enough to get your cash out, you will only watch it lose value as inflation skyrockets from the trillions being spent using electronic payment methods. Forget getting any gold or silver then! Your FED account would look just like your bank account. And equally, in the coming years, it should seem obvious to everyone in hindsight what a disastrous mess the Fed's/Central Banks' ongoing excessive QE policies created. Those who praise Powell for backstopping the market in March, completely miss the fact that he was already having to support the cracking structure by pivoting back to QE in 2019, and then through trillions of repo money in 2nd half of the year. When markets then reacted to COVID, the entire system was at such risk of collapse - due to its own monumental weight of excessive equity valuations and extreme debt loads - that the Fed's were forced to respond with emergency relief, by necessity, to keep the entire system from failing. This situation was entirely borne out of excessive QE for the past decade, and extreme market risk will continue (regardless of corrections) until we have a Fed with enough courage to reinstate the reasonable-rate policy. The market will always experience natural corrections, but if rates are constantly held reasonable, then the debt is kept more manageable by companies/consumers, and alternative investments help balance the equity valuations and risks in a diversified portfolio. But somehow, the Economists and PhD's running the show this past decade still can't figure this out, or simply think an economy built on debt through MMT is the optimal solution. Obviously, from the beginning of the story. It was a choice of real economic policy by the financial leaders who pass through the central banks that directly financed the virtual world, which has long since been disconnected from the real economy in crisis. It is normal that when real profits fall over the long term, they move to the financial virtual and then unload the problem out. They are systemic irrational processes. The push for predatory globalization arises from the long-term fall in profits, which is a systemic process in addition to the cyclical aspects. The problem has been moved further and magnified to levels never seen before. They also synchronized cycles globally and triggered and amplified the systemic crisis. The final stage of the operation will not be a walk in the park. Too big to fail is a myth. Very big things can fail. The biggest stocks ever, e.g., Apple, are still a tiny portion of the American economy. Any big bank can fail. Just put it into receivership and sell back that shares once the Bank has been rehabilitated. The original shareholders and managers are eligible to fail as they should. Let other, more competent people take it over. Again, nothing is too big to fail. It's a myth. A lie. And a tactic to screw the whole country just to save some lousy Banks or Airlines. Let them fail!!!! Nobody will lose their jobs except incompetent managers. In fact, the little people who run the company can end up owning a larger share of the institution once the managers, along with the parent company, are driven out, or preferred shares are first offered to employees after old management is fired and the debt restructured. Last but not least, screw the bondholders. They don't get to destroy the economy just so their lousy investments work out. Take it out of their hide next time there's a downturn. 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

👉Jobless Claims And Evictions Soaring to Historical Record Highs !!

👉Jobless Claims And Evictions Soaring to Historical Record Highs !!





We have never seen anything like this in our history. Banks falter. Infrastructure crumbles. Schools closed. Retail sales are tumbling. Consumer spending plummeting. System fails. Small businesses giving up and going under for good.Especially those with high fixed overhead, restaurants, bars, gyms. It is going to take years to recover from that. Corporate America is more indebted today than ever before. And an average of one million Americans are losing their jobs every and each week. Overall, 57.3 million Americans have filed new claims for unemployment benefits over the past 22 weeks. All this while Law and Order are crumbling. Say hello to the depression. The number of people who newly lost their work and filed for initial state or federal UI in the week jumped to 1.43 million. A rate of 6 million a month. And you can add to that another 543,000 for new claims filed under a separate program for self-employed and gig workers. The real number is much higher because of PPP. Lots of workers were laid off and then recalled because of that. Now that PPP has expired. Companies will again start laying off their employees. A million new claims for unemployment is not a recovery. It is 50% higher than the highest number recorded in any single week of the 2008 recession. And it comes after five months of 1,000,000+ per week job losses. There's going to be a significant number of job losses reported in the September employment report. The Internal Revenue Service projects that millions of Jobs to Be Lost for Years. And as The federal ban on evictions expired last month. Approximately 40 million Americans are in danger of being evicted from their homes by the end of the year. Meanwhile, federal unemployment aid ended in July, and eviction protections have expired in many parts of the country. And the longer the unemployment spell lasts, the longer the financial hardship among households. The number of people unemployed for between 15 and 26 weeks grew by 4.6 million people in July, according to the Bureau of Labor Statistics. That’s a 240% increase, to a total of 6.5 million people. Temporary furloughs are turning into permanent layoffs. Thirty-eight percent of people who have lost a job or had their income reduced couldn’t last more than a month off of savings of any kind, according to a bi-monthly survey published by SimplyWise. The unemployment rate is still higher than the Great Recession peak. This is such a horrible time to be without a job. I can't imagine how people are hanging on with nothing coming in and nowhere to find a job. Millions are about to become homeless during winter. Americans are about to be in the depths of a crisis, unlike anything we’ve seen before. The homeless crisis will far surpass the devastation caused by the pandemic. All this while the big corporations get unlimited cash from The Fed. And as the banks foreclose on those evicted, the bankers will be counting their money. Bankers like to find ingenious ways to bankrupt citizens. History is replete with examples. It's like taking candies from a baby. Just Like in the first depression when the banks would take (repossess) families homes, and then often rent back the home to the same family. There is nothing natural or unseen about this. The banks create the bubbles and the busts to milk out the country until they have all the wealth. This is as our founding fathers described when they got rid of their central banking system, which we then got back in 1913. And The Nasdaq sets a fresh new intra-day record. Another magic show, as the first legalized Ponzi scheme in world history, recovers another loss. The only market in the world where profit taking is non-existent. Even the dot-com bull of 1999-2000 had a mix of down days and an occasional down week. This constant move upward in bad economic conditions is unreal and makes me nervous about what a true reversal will look like. America is not coming back. It has given way to The big banks And those with immense power that own and manipulate the world's media and messaging. Get ready and Prepare for the Mad Max, Road Warrior Scenario that is taking shape. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The farther we get into 2020, the darker the reality seems to get. More than 57 million Americans have filed new claims for unemployment benefits. The unemployment rate is at its highest since the Great Depression.GDPs around the glob are plummeting. Global trade plunging by up to a third. This is the worst recession since the Great Depression, and far worse than the Global Financial Crisis. Meantime, The top 12 wealthiest billionaires have seen their combined wealth soar by 40%—or $283 billion since the pandemic. It now comes to a total of more than 1 trillion dollars. At the same time, millions of Americans are losing their jobs each passing day. More Americans are suffering from poverty and even hunger. Common sense will tell you there can't be any V-shaped recovery. People are not flying or eating in restaurants, only buying what they need. But the stocks are at an all-time high. We have never seen such a disconnect between the real economy and the stock market. On Wednesday, tech giant Apple was the first publicly-traded company to top a $2 trillion valuation. Apple is now 2% of all world stocks. And also worth 2% of all cash and deposits in the world. The stock market is now the economy. What is really going on is the system is failing to be fair and balanced. It is failing to be stable. Those who don't understand nasty history repeat it. The economic system, as the elites designed, is self-destructing. The elites will push divide and rule, red versus blue until third world collapse and chaos. At best, the status quo will kick the can down the road and bring us right back to Communism's doorstep. We worship a smoke and mirrors economy and the central bank, which props it up and pulls strings. Rejecting time and time again the opportunity for real freedom, which can only come from bypassing the Central Banking System and basing the economy on real-world production. Sadly even those who proclaim themselves as Patriots fail to identify the enemies of freedom. Allowing themselves the cheap and wrongful belief they are fighting. It's a cheap cop-out to avoid reality and get out of the inevitable hard work which must take place if any of us are to know real freedom and truth. The only way out of this coming dark age is the advancement of democracy design. A system of checks and balances to keep our government honest. Even when we succeed in electing an honest, hardworking servant of the people, they cannot overcome a government of criminals, which has only grown and become more entangled over many generations. Sadly for American corporations, this is all so true. Big money knows no loyalty to the country and countrymen. It's always about the buck. They screwed the working class over big time with hiring foreigners and moving operations overseas. But they have no problem living in big mansions on American soil and enjoying the freedoms afforded by the country. Patriotism is dead in their eyes. That is the saddest part. We are losing 1 million jobs per week since March, that's more than the Great Recession of 2008-2009 and more than the Great Depression. Bad news after bad news and this market continues rising. Bad news makes the market goes up. You can shut down the entire country and will still go up. This is a runaway train. Stocks only go up! Something is not right here. The markets are on steroids, cocaine, and fentanyl right now. That mix is called The Fed. The Fed has thrown gasoline on the stock market and doesn't care if the bystanders get burned. This has become a full-on attack against savers, landlords, and basically anyone who actually manages their finances and risk properly. It is gross mismanagement of tax dollars for the rich, and for political gain. Disastrous. A bleak outlook, as confirmed by the Fed. Irrespective of Fed-induced liquidity, I suspect that the 5-month stock rally may be topping out. Even BigTech may not be immune to the economic chill that appears to be developing. They've shoved 3.5 trillion in stimulus money (that is the equivalent of all of the tax revenue the Federal government gets in an entire year) into the economy, and it has to flow somewhere. All that funny money is flowing into stocks and real estate. Every pandemic seems to last 18-24 months, we have a critical election with the standard crappy choices, so I think chances are good they can't grow this beanstalk much taller. The fact is the economy was rolling over before the pandemic, and the Treasury couldn't sell enough bonds back in September of 2019, which prompted the central bank to turn the money printing machines back on. The Federal Open Market Committee's internal memo shows board members have discussed the early stages of stopping the bond-buying program and raising Fed Funds' target rates this winter. They have to do this if they want to maintain any semblance of being in control. Rates are going to skyrocket if they continue to dump their treasuries on the market at this insane pace. The 30 year and 20 yr auctions were disasters. If they want any chance at people buying US debt anymore, they need to engineer a big market pullback. Thirty-one million people didn't choose to leave work. The service industry is going to be in trouble for the next few years. This will have a ripple effect throughout the entire economy. Next year is going to see a foreclosure crisis worse than 2008. Once this emergency is lifted throughout all the states, expect evictions and foreclosures to explode. There will be long lines waiting to get into the courts. The irony was that the virus is impossible to stop in a country this size unless you locked down the entire country for two months and ban travel until the virus died out throughout the world. So, not only this virus ran its course, but it took the economy down with it. Today the 31 Million currently collecting Unemployment Benefits can no longer be attributed directly to state shutdowns. Because there are no active state shutdowns, there are reduced capacity limits in some areas. That said, the markets are INSANELY overpriced for a nation with a 15% unemployment rate. Once the printing press of free money stops, and it WILL STOP, the bread lines and soup lines begin. I'm not kidding. It's that bad. So much for the V-shaped economic recovery. That only applies to the stock market. That's all that mattered to the Fed. Mission accomplished. The poor will now pay the price in higher taxes and inflation. The bread lines are already a thing. The stock market is insanely high, considering just how bad the economic situation is. The market is the same place it was before this all started when unemployment was 3%, and now it's 15%. State budget deficits are exploding due to lost tax revenue, evictions and foreclosures have been artificially halted, and the backlog is enormous. The economic dam WILL BREAK. For now, it's just leaking badly, and everyone's like, "Hey, let's go visit the dam!" 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

👉Michael Pento Explains The 2020 Stock Market Bubble and How you can Protect Your Portfolio

👉Michael Pento Explains The 2020 Stock Market Bubble and How you can Protect Your Portfolio




Today The Atlantis Reports interviews Michael Pento, https://pentoport.com President and Founder of Pento Portfolio Strategies. He produces the weekly podcast called, “The Mid-week Reality Check.” And is Host of The Pentonomics Program. And Author of the book “The Coming Bond Market Collapse.” Michael Pento Explains What's Creating This 2020 Stock Market Bubble













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

👉This is Why People are Leaving Big Cities in droves

👉This is Why People are Leaving Big Cities in droves







We are living in challenging times, where everything you thought was true is tested. Everything you took for granted is forced to be reconsidered. If you are among those that are considering fleeing the major cities, I will encourage you to make your decision quickly. Things are only going to get crazier in the months ahead, and the longer you wait, the more difficult relocating will become. New York City is facing record apartment vacancies, leading to lower rents across multiple boroughs after residents fleeing the city. Retail rents have plummeted, and ground floor lease availability hit record highs. Real estate agencies have recorded a 122% increase in vacancies, totaling over 13,000 units. Retail rents is now below $700 for the first time since 9/11. 277 New Yorkers are leaving the city per day. Get that, per day. Forty-nine people have been shot in the last 72 hours in New York City. Last year for the same time period, only 8. New York has become a cesspool of corruption and violence. And it is not just because of the pandemic. It Is because of the Prisons Emptying , The Violence, The Riots, And Defunding Police Services. The Pandemic is only part of the problem. The other half is soaring crime, rioting, arson, taxes, and the cost of living. No working-class person wants to put up with angry mobs and soaring taxes. Nor would a business want to operate under that environment; Not just the New York residents. And wait till the new city tax bills hit. New York will become another Detroit within 15 years. City services are terrible. Violence and safety are notably worse. The NYPD is becoming toothless lions because of the administration. Education and all city services are quickly becoming desperate. Once Wall Street becomes totally computerized, and the money is gone; say goodbye to the greatest city in the World. And it is not just New York. Los Angeles, San Francisco, Baltimore, Detroit, Chicago ,etc... California too is being pushed to the brink, with rolling blackouts and wildfires. It is being reduced to third-world status. All across America, big cities are hellholes, led by entrenched politicians. Last week ;Chicago saw the most major of American cities in the Midwest descend into chaos and mayhem ;as looters and rioters took to the city’s downtown streets and unleashed a reign of destruction and nihilistic terror. Acting under the pretenses of social justice, and outrage at police brutality against rioters and anarchists reveal a desire not to peacefully protest whatever reasonable grievances they think they might have, but rather to destroy principles of civility, property rights, and the First Amendment. And, of course, they also clearly wish to unload their absolute unfiltered hatred of law enforcement. All big cities will become deserts; highways will become battlefields. If I remember right, I saw that quote in one of the first Mad Max movies. How fiction becomes a reality. The Mayor and Governor of New York have sacrificed the safety of its citizens and have sided with the anarchists. The Mayor of New York wants to charge another tax onto the people of the city. No wondering people want to leave. And the state of New York is one worse economic place to live with all there taxes and fees that get applied to the businesses. New York is just about unlivable. Taxes and crime would be sufficient to send anyone away. Even the snobs in their upper east side condos have to look over their shoulder on a daily basis. Definitely not a pleasant way to spend the rest of your time on earth. It was bound to happen. Even some of the most well off can no longer afford to live there. New York City turning into a wasteland would be poetic justice, considering what Wallstreet has already done to Midwest cities. The movie "Escape From New York" was just 30 years too early. The power to tax is the power to destroy!and higher taxes means that the government control more of your life. Lots of people are sick of everything that's going on in New York right now. High taxes, riots, looting, crime, and defunding the police, etc. Desperate California is getting ready to pass a wealth tax. The only people that won’t leave are those that can’t afford to. So sad. And now that working from home has been accepted across the board ; commercial vacancies will skyrocket as well. With major companies like Google and Facebook informing employees that they are exploring the possibility of work-from-home beyond the end of the pandemic.The trend could only increase, which could see the exodus of New York residents continue. Also, the high tech firms in San Francisco have now found out that they can get all their talent from anywhere in the US and have them work from home and don't need all the high priced office space and don't need to pay the high priced salaries. Detroit went bankrupt when the Unions destroyed the industrial base. People left because the jobs left. It’s no different this time. Now people can work remotely, and those big office buildings are and will continue to be practically empty. In fact, the number of Americans working from home has doubled during the pandemic. It's a great opportunity to live somewhere affordable. Take advantage of it if you can! These are very difficult times for the US government, which is TOTALLY INSOLVENT, and spending needs to be cut dramatically for any and all welfare programs; and taxes need to be raised very substantially. 5.7 trillion Federal Spending Has Already Set Annual Record. 3 trillion US 2020 Deficit, the Highest Ever. The real number of our debt is multiples of 30 trillion! National debt will be over 30 trillion by the election. Concurrently, States like California, New York, and Illinois will fall into bankruptcy as the exodus accelerates. Residential and Commercial real estate will implode. When the credit cycle deviates enough, we'll be right back to a 2009 type situation only much worse. Stock up now that way. You can watch the inner-city urban areas implode on a full stomach. And then the printing will go full speed; we'll be over 35 trillion by mid-February. Yeah, Precious Metals are going to be the default safe haven. If the citizens abandon the cities, what will they do when the ports shut down, and all their supplies from china are cut off? Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Big cities are overrated, and people shouldn’t be living in squabbles. We don’t have a land issue in America. What we have is people who think they need to live in a big city because of the overhype, and that’s why 80% of the population tries to live in 10% of the land near coasts. Time for these people to get some fresh air. High rent, traffic, very rude people on crowded streets, and that was before the pandemic and protests and ineffective leadership. Remote work is the cure, not the cause. New York is a concrete jungle. Tons of traffic and noise 24/7. I never could understand the attraction of living in apartments and having to look straight up to see the sky. New York was always an over-hyped semi sewer. New York City already had an Exodus problem prior to the Pandemic. It just speeds it up a great deal. Move over Detriot & Baltimore; New York is going to join you! New York is going down to the gutter like Baltimore city, on its way, become another Venezuela. New York was well on its way to self destruct before COVID. All the politicians were already in place, along with their unsustainable policies. Greed topped with more greed and a state government that cannot govern. Everyone saw it coming! New York will become the next Detroit or Baltimore! Chicago is next. Los Angeles and other big cities will be dead too. Not only are people fleeing in droves, but the mayor and governor also continue to punish the population with taxes and restrictions. Who is going to find the money to start again? The theaters, along with all the business that supports that (restaurants, cabs, street vendors) are all gone. Many Wall Street workers have found out they can work from home. Home can be anywhere, at a much lower cost. The same is happening to Silicon Valley and now Hollywood. People and businesses were leaving before The pandemic due to high taxes, crime, and the cost of living. A lot of the exodus from many great cities (New York, San Francisco, Chicago, etc.) has to do with the high crime (rioting, looting, shootings, murders, etc.) in those cities, and the seeming refusal or inability of the people in charge to take the necessary steps to combat the lawlessness. Crime spikes always occur during an economic depression. But the crime was allowed to go on without consequences. The no-bail policy of these administrations also has a significant influence on the current crime wave, and defunding the Police was the last part of the trifecta to getting to the current level of crime. Right now, we as a people are faced with a bankrupt country if we do not come up with a lot of solutions, and that means thinking outside the normal lines. The crap we are being fed by the people in leadership is a good example. Our system of safety nets like unemployment has broken down with so many out of work. The number of people unemployed basically means a large number of bankruptcies. Even in normal times, with normal migration, someone put it well: The new people moving in, inevitably bring the very same problems they were trying to escape. This makes sense, whether you were trying to escape a virus or just commercial sprawl. These big-city dwellers will inevitably bring their voting habits with them. As long as the people leaving realize who is causing them to leave and not what. Don't go to other states and vote these same kinds of idiots in. Hopefully, those leaving leave their ideas behind. Those of you leaving New York, California, Seattle, and Portland, please remember why you left when it’s next time to vote. They flee what they created and then do the same things where they go. If you can be fired for your political opinion , which is done a lot these days, then you can certainly not be hired for the same reason. Looking at the geographical distribution of areas suffering huge problems compared to the distribution of how people vote. It is pretty obvious that massive social unrest, entitled violence, and drug and mental health epidemics are related to politics, not resources or circumstances. If there are multiple examples of their politics leading to their once-great cities becoming unlivable burning infected hell holes, then they should definitely be encouraged to leave their toxic politics behind when fleeing their homes for greener pastures;or stay in bed they made for themselves and not ruin other peoples lives too. If migrating folks can adopt a world view of personal responsibility and self-determination when leaving, it will be good. Otherwise, they will destroy the rest of the country. California is the United States probably about ten years down the road. So if we do not find a decent solution in California, expect the entire country to have the same problem down the road. The decay will happen slowly then all at once, and you will not be unscathed. You MUST push back NOW. Or it will be too late. The cancer is spreading. Let's hope that all the people fleeing California and New York for lower tax states won't vote for the same policies that ruined the state that they fled. 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

👉Dr. Ron Paul : This is How I would Fix America

👉Dr. Ron Paul : This is How I would Fix America





Welcome to the Atlantis Report. Today we have a very distinguished guest: Former presidential candidate and congressman Dr. Ron Paul. Dr. Ron Paul ran for president several times, the last one in 2008 as a republican. Dr. Paul advocated for non-interventionism, sound money, and individual liberty throughout his career and became the figurehead of a libertarian movement through his presidential campaigns. He is the author of several books, including End The Fed and Swords Into Plowshares.
















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

Prepare : The Economic Collapse is happening , Most Businesses will never Recover !!

Most Businesses will never Recover from what's Coming !!




Permanent business closures are rising. Americans owe billions in back rent. A third of Americans had unpaid housing bills in August. Small businesses are getting crushed. There is an increasing number of mortgage delinquencies. There is a rising number of over-leveraged zombie companies. The entire house of cards that is the U.S. economy is crumbling. A tsunami of defaults and bankruptcies are on the horizon. In fact, bankruptcies are already on track for a ten year high. According to S&P Global Market Intelligence, 424 companies had filed for bankruptcy as of August 9. This exceeds the number of bankruptcy filing for any comparable period since 2010. Consumer bankruptcies under Chapters 7 and 13 are still at extreme lows for the cycle. After all consumers are getting free money and can't be evicted, wait at least another year for that dam to really break. It will take another six months for the property tax receipts to crash. Then comes the Government worker layoffs. It's coming. The collapse is happening now. It's not a single event, but a drawn-out process. Slowly, then all at once. Most businesses will never recover. Lives have been wrecked; many will find their existence permanently impaired. The talk of a V shaped recovery is utterly tone-deaf. And even if lives could recover in such a fashion, we are not anywhere near the end of this nightmare. My guess is that none of us really understand what the bottom is going to look like, but it will be one for the history books. Doom, Destruction, Annihilation, Ruin, Fear! This economy has been decimated!! There will be the most challenging economic times that any of us have endured going forward. Not trying to alarm but to ask you to prepare as the media is still not telling us of the real damage that has been inflicted on our economy. The amount of small businesses lost is staggering, and the real unemployment rate is 30% plus. The stock market is the main recipient of FED aid. The Rich getting Richer. And do not let this fool you. Our economy is dead, and soon it will be impossible to tell us otherwise!! This is the NEW AMERICA!!! Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Banking and finance are crimes against humanity and should be outlawed. They serve no purpose other than tightening the noose of slavery. USURY is the name of the game. The Fed never pursued a policy of stable prices. The purchasing power of the US Dollar has gone down by 98pc since the Fed was installed. The objective of the Fed is to extract as much wealth as possible from the American people for the benefit of the banksters and trillionaires. Everything else is propaganda. The endgame was clear from the beginning. It is pure mathematics. We are already seeing the money printing go into the hands of regular people with weekly checks of $600 and stimulus checks. This is not quite like the last time. This time around, it's not just QE; it is helicopter money. It does not trickle down, and they knew it all along that more QE does not fix the issue, it actually makes it much worse. Helicopter money is a last-ditch attempt to kick the can down the road for just a little longer. The central bank is an unnecessary middle man between the government and the people. Big Bank, Big Government, and Big Business always suck the life out the system in the name of More profit when they get together. We have Laws against Conflict of interest (like the one for the FED), But no one enforces them. Law enforcement is on the Take in the name of their 401K. Forty-nine years ago, when the gold standard was dropped, global debt amounted to 10 trillion, and today it is approaching 270 trillion. But central banks have more than 20 trillion of overpriced assets on their balance sheets to prop up propaganda indexes and to naked short 2.5 years of precious metals production in 1 day. But it doesn't matter anymore. The game is over, and they know it. There's a passage in Ernest Hemingway's novel The Sun Also Rises in which a character named Mike is asked how he went bankrupt. Two ways, he answers. “Gradually, then suddenly.” We are in the gradual phase right now. Anybody can survive a few months. Longer than that and the unfortunate will begin to slide into destitution, homelessness, etc. It seems that a 2nd reset will be the real reset. The first one will be a government/bankster creation, and it will fail. It is not until mother nature's reset that a real reset will be upon us. A reset requires that debt mostly disappears. But how is it determined who takes the hit for holding debt as an asset? Those debt-assets are spread out everywhere. It seems that if the debt is denominated in dollars, and the US Dollar enters rapid inflation, the debt disappears in a natural way because debt can be paid off in the US Dollar of declining value. The proverbial wheelbarrow of cash that could buy a loaf of bread can simply be steered to the bank to pay off a mortgage. That is mother nature's form of a reset. That one will not happen by design or edict. It will happen when there is nothing else left that can happen. In the meantime, the first attempted reset will likely be new fiat money, probably a crypto. The banksters are not just going to free all the debt slaves by accepting worthless US Dollar fiat for cancellation of their debt. They will use their political influence to get that debt converted to the new fiat by law. This keeps the shackles on the slaves. This must all fail for the real reset to happen. The illusion of a V recovery was only ever a reflection of a partial reopening of the economy with an inevitable "Large number" bounce off the bottom. But the math-challenged can't understand that a 50% drop from 100 to 50 requires a 100% increase from 50 to 100 just to get back to the same point, without even allowing for the lost output in between. V-recoveries only happen when temporary "Non-economic" factors disrupt the economy. That isn't the case. The economy was turning down since late 2018, and the pandemic just accelerated the decline. There was already real economic damage occurring, and the lockdowns have created real second and third-order damage, which is just now starting to become visible. The real trouble starts only when it is no longer possible to hide the fact that the economy is screwed, and there is NO recovery. We are at the start of a very ugly period in our history. It is important to remember that it is not uncommon to see a time lag before the impact of events is truly revealed. Before this is over, a lot of people will be surprised and shocked by the reality that unfolds. Small businesses have taken the brunt of this assault. The demise of millions of small businesses underlines the bleak picture we face. This means unpaid rents and more empty storefronts as Main Street withers on the vine. Until now, much of the damage has been masked by a massive government giveaway. Unfortunately, the damage all this has wrought will become apparent over the coming months from the strong headwinds facing our economy. We have reached a point in human evolution where wars and paper currency have passed their expiration date. Bring on peace and coinage, and let's rebuild civilization that respects each other’s culture. All this cancel culture nonsense is not working out. Forty million Americans expected to be homeless by the end of the year with acceleration in evictions in September. It's the thousands of moms and pops in little strip malls across the country. They live hand to mouth as it is. Already pretty leveraged. They are gone for good. I am wondering right now if they can hang on to their home until they figure something out. And Trump's war on China will lead to the greater cost of goods manufactured in China or has a Chinese made component. Which means all the goods we need. Thus the cost of most things will rise, especially for low, middle-income people. And the Cost of small business sales rises, and the volume of sales continues to fall. It will take many years to bring back manufacturing, and even then, the cost will be much higher than now. Thus the new normal of fixed high unemployment and fewer small business will only get worse. Accelerated by the war on China by Pompeo. Manufacturing will not return to the US any time soon. It will be from Mexico, Vietnam, India, Africa, etc. As policies disadvantage China but not necessarily offshoring so much. It's time to focus on the micro.Meaning you, your family, your job or business, your immediate community (town, city), and work upwards and outwards from there because everybody's different, everybody has a different financial condition, and everybody has different goals. Start with any unsecured credit. Stop paying it immediately. Whether you max out on silver, gold, or prep items is up to you. The banks will never come after you unless you default on a huge number ($30k or more). Even if they get a judgment, they become judgment-proof. The banks got bailed out in 2008-09, they've already gotten trillions from the Fed this go-round, so EFFF them. Next, eliminate any unnecessary expenses, like a big cable bill, Starbucks, paying $14.95 a pound for steak, etc. Deal with local taxing authorities. When Real Estate prices begin to fall - they will - you will want to revisit your assessment. If you have kids in school, pull them out. Homeschool, private school, work something out with neighbors, just get them out because public schools suck. Period. Then go to your taxing authorities, and if school taxes are part of your property tax, challenge them. Your kids aren't in school, don't pay that portion, but put money aside in case they decide to foreclose (doubtful). Your business, if you have one, will change dramatically. You'll make less, probably, so you have to cut where you can. If you have a good job, work hard, become the go-to guy. It will keep you going as times get tougher. Without a doubt, and this should be number 1 or 2 on the list, START A GARDEN. Grow at least some of your own food. It's healthier than what you get in stores, and working outside is good for you. If you don't want to buy gold, then pick up some nice, quiet, and possibly productive land. It will probably come in handy sooner than later. Your only hope is to establish a homestead in the rural outback before the big cities collapse, and the mayhem stretches to the surrounding suburbs. Things are going to get real. 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!










The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more












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

👉Charles Nenner Warns : The Coming Market Crash will be much worse than what people think !!

👉Charles Nenner Warns : The Coming Market Crash will be much worse than what people think !!







Charles Nenner Warns The Coming Market Crash will be much worse than what people think !! Today we have a distinguished guest, the legendary market analyst Charles Nenner, President of Charles Nenner Research : https://www.charlesnenner.com/ free-trial Charles Nenner is a Technical Analyst. A medical doctor, a geopolitical and financial cycle expert. He has been an analyst for over 30 years - including providing analysis from his unique models for Goldman Sachs for almost 15 years. In 2001, Charles Nenner founded and was president of the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities worldwide: hedge funds, banks, brokerage firms, family offices, and individual clients. Charles Nenner uses advanced mathematical models/algorithms to identify profitable patterns in the market, such as the Fibonacci ratio, the Golden Mean.












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

A Tsunami Of Evictions Could Make 40 Million Americans Homeless

A Tsunami Of Evictions Could Make 40 Million Americans Homeless




The GDP dropped by 32% for the second quarter. Employers have cut 55 million jobs since March, and they have not re-opened all those jobs. One million people a week are still losing their jobs. And with so much business closed or crippled, a lot of people close to the financial edge are getting pushed over it. And massive new homelessness could be a result. In fact, up to 40 million people in the U.S. could find themselves at risk of eviction over the next several months. Roughly a third of all renters nationwide failed to make a full housing payment as of the first week of August. Very soon, it is going to be a moving day for 40 million Americans. They’ll be moving from their homes and apartments, from the places they’ve raised families and made memories — not by choice, but because the evictions are starting soon. And now that the expanded unemployment benefits have expired, many renters could lose their homes. Millions of cases ready to go as soon as the moratorium on evictions ends. These people are tapped out by the millions; I can’t even imagine the hundreds of millions of collections accounts that will soon be filed. This is not going to be pretty. Forty million homeless with nothing. Sounds like the start of a massive tent city on the mall in DC, just like in the 1930s. Folks, if you thought you had seen riots so far, just wait until all those people suddenly discover everything they've been told about The American Dream is a lie. As Carlin said, "It's a big club, and you ain't a member!" They are either going to continue this Modern Money Theory and keep printing, or they are going to watch civil unrest unequaled in the nation's history. Massive federal spending has transformed America into a welfare state. The money printing goes parabolic. Civil War Cycle Heating up. The Federal, state, county and city governments of the US and similar governments around the world all caught the borrowing bug 40 plus years ago, and now none of them, nor the largest corporations, can afford to pay interest on all that debt -- so rates will go one way or another be tricked down. It is much more fun for politicians to SPEND the tax dollars they get than to waste it on paying interest for past-politicians pet projects. This will continue for some time, and anyone with a good credit score should take advantage of it before it all blows up. The future has nothing left to pull from. Everything has already been stolen from your kids. Central bank Economics is a carefully crafted scam of arbitrage to skim off of everyone's work. back in 1980, there were only 132 billion US dollars in existence … while today, there are 3,304 billion dollars in existence … that’s 25 times more US dollars in existence today than back in 1980. The FED is not the government. It is not. The FED wants the interest on money the government borrowed paid. In fact, if interest rates are raised, and the government cannot service the debt, the FED will get the money from you. You and every other citizen are ultimately responsible for the government's debts. Suppose that means a gigantic bail-in where the assets of every American are seized to pay that debt. Oh well. You see, this is not the first time this has happened. The last time the government went bankrupt, they stole all the Citizens gold to pay off the FED. What do you think they will take this time? The impending shut-down of college sports and the brazen knock-down of gold and silver prices - plus this eviction crisis - tell me that things are going from serious to really serious very fast. Everything points to even more massive fiat money-printing, which makes the 15-percent, one-day plunge in silver and the huge one-day decline in gold particularly surreal. Obviously, the economic fallout from this thing will be unimaginably worse than anything else. Elections and giving money away both have consequences. The government, which is all of us, won't be able to kick this bill down the road forever. The unemployment benefit was 900 per week from Mar to Jul. That's more than the 400 that a minimum wage worker gets a week. So why are people struggling with eviction now when they have been receiving double their usual amount for the past few months? The real world looks like this: the government stops evictions, so people don’t pay their rent for six months. After six months, when the eviction starts, you jam out of your place and leave your landlord with the unpaid rent and no way to get it from you. Find another place from all the vacant properties that were just vacated from someone else who burned their landlord for their back rent, which they didn’t pay either. Easy, happens every day all across the US. Maybe Americans need to get it through their heads. You need at least six months of safety cash. The landlord and the mortgage companies have people they gotta pay too. Most landlords are mom-and-pop operations. They have their own mortgages to pay on the property. Being able to make the monthly payment out of earnings doesn't mean you can afford a home or your rental. Having the cash to back up the next six months of living expenses does. We need to stop this outsourcing of personal responsibility. There's a saying don't bite more than what you can chew. I think the same should go to spend don't buy more than what you can pay. Drop the cable, don't eat out, get a pay as you go phone, etc. The point is, shelter is one of the basic needs, and the rent needs to get paid. Even if it means giving up what really are luxuries. There are a lot of millennials who stopped paying rent just because their friends are doing it. A lot of landlords are leaving their properties vacant until this moratorium nonsense is over. The landlords are also at risk of repo and defaults of their mortgage. They have property taxes and water bills to pay. I know landlords who are not renting out otherwise available properties until this crud is over. Landlords should get paid or be allowed to evict people. If the government wants to make payments, then fine. But you cannot force landlords to house people with no payment. The only winners in this deal will be the hedge funds and vulture capitalists who buy up rental properties that have been defaulted on by their mom-and-pop owners who can't make the payments. We've seen this movie before. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. We can also read this as 40 million people are not paying their rents, but want to continue to have free housing. How is this fair on the landlords? They bought the rental properties with their savings. Why should they be forced to provide free housing to tenants that choose not to pay their rent? Nobody gifted them those houses, and they got no stimulus check because they earn too much. How can the government justify forcing these landlords to provide free housing? How fair is that? If politicians care so much about renters, help them pay the rent. Don't shift all the burden on the landlords, because not all of them are billion-dollar corporations. Some people just don't realize that it costs money to own a house, and tenants don't take care of rental properties any more than people take care of rental cars. When they stop paying rent, the landlord is faced with a huge dilemma. Is it possible that people will learn a financial lesson from the rage of this pandemic, which is to "save for a rainy day"? It sounds antiquated but still makes lots of sense. Doubt many will pay heed to it, unfortunately. I suspect the biggest problem is the middle-class, who spent above their income level before the pandemic. Drive through some neighborhoods and see all of the new homes, SUVs, pickups, boats, etc. Probably most of them with loans with expensive full-covered insurance required. They maximized their purchasing power by financing everything, and now they can't make payments even with the [very generous] $600. Also, these forecasts are forward-looking into the next few months, so even people who did well with the $600 bonuses can no way pay a $3000 mortgage or even basic living expenses on their state's measly $300 regular unemployment. Who's fault is that? Millions of lazy, self-indulgent, and/or irresponsible Americans are their own worst enemies, failing to save for a rainy day while having babies, vacations, lattes at the Starbucks, and unlimited data latest iPhones. But the governments would like us to view them all as feckless victims of an evil oligarchy. I'm betting that most of those threatened with "housing insecurity" had every opportunity to live a fiscally responsible life but CHOSE to do otherwise and now expect responsible taxpayers to bail them out. The government is by the people. We all talk about fiscal responsibility when talking, but we don't want to sacrifice anything ourselves. We want lower taxes, we want to wage wars, we want to forgive student loans - and after all that, we complain about the government is broke. We should consider if the voting public is the problem. Those living below the poverty line have the highest rates of smoking, obesity, school dropouts, criminality, deadbeat dads, teen pregnancies, single-parent families, lottery ticket purchases, drug/alcohol abuse and (most expensive of all) BIRTH RATES among women of childbearing age. It seems like changing some of those habits could free up quite a bit of saving! If your state has a base rate of $300 and you get the $600 COVID bonus on top of that, it comes to $900/week or $22 an hour. That is three times the minimum wage. Ironically, those people getting unemployment checks will get more extra money every month than the ones still working would get back in the payroll tax deferral by the end of the year. The rest of us, the 140 million Americans, will be working to pay for all of this nonsense. 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!













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

























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 Crashes 15% Now What ? with Expert John Lee The Silver Elephant !!

👉Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant !!







Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant John Lee is an entrepreneur with degrees in economics and engineering from Rice University. Under John’s leadership, Prophecy Development Corp (TSX: PCY, OTC: PRPCD, www.prophecydev.com) raised over $100 million and acquired substantial silver mining projects in Bolivia and coal mining projects in Mongolia. John Lee is a portfolio manager at Mau Capital Management. He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. He previously studied under Mr. James Turk, a renowned authority on the gold market, and is specialized in investing in junior gold and resource companies. Mr. Lee's articles are frequently cited at major resource websites and an esteemed speaker at several major resource conferences.















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

👉Jim Rogers on Bitcoin , Silver , Gold, Farmland, The Economy and Much Much More...

👉Jim Rogers on Bitcoin , Silver , Gold, Farmland, The Economy and Much Much More...







Jim Rogers on Bitcoin , Silver , Gold, Farmland, The Economy and Much Much More... Jim Rogers is an American investor and financial commentator based in Singapore. Rogers is the Chairman of Beeland Interests, Inc. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index (RICI)












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