👉A Tsunami of Food Shortages and An Explosion of Poverty Coming to America !!

👉A Tsunami of Food Shortages and An Explosion of Poverty Coming to America !! A Tsunami of Food Shortages and An Explosion of Poverty Coming to America “Who controls the food supply controls the people; who control the energy can control whole continents; who controls money can control the world.” — Henry Kissinger. It is being projected that there could be an “eight billion meal shortage” at America’s food banks over the next 12 months. In 2020, we are witnessing an explosion of hunger in the United States that is unlike anything that we have seen since the Great Depression of the 1930s. Tens of millions of Americans have lost their jobs since the start of this pandemic, and money is running low for a whole lot of people. In fact, there is a survey that found that one out of every five Americans will be out of cash by Election Day. More Americans are slipping into poverty with each passing month, and this has created an unprecedented surge of demand at food banks across the nation. Meanwhile, our growing economic problems are also causing donations to dry up, and so many food banks are facing a major crunch as we head into 2021. In fact, Feeding America is warning that their network of food banks is potentially facing an “eight billion meal shortage” over the next 12 months… Now add further complications. The price of meat is getting beyond the reach of many. Canned meat is predicted to be the next major shortage. Why? Much of it comes from Brazil. The pandemic has just about shut them down. A severe winter could easily push us over the edge. Even the world Bank warns of ‘extreme poverty’ in 2021. After 20 years of people rising out of poverty, the World Bank now says 150 million people could fall into what they classify as “extreme poverty” by the end of 2021 because of the pandemic and the associated recessions 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 click the like button. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box ,links where you can buy American Silver Eagle ; Or Silver Bars or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. Feeding America, the nation’s largest food-relief organization, is warning of a six billion to eight billion meal shortage over the next 12 months, which could leave millions of Americans hungry amid the pandemic. The dire shortage comes as tens of millions of Americans have turned to local food banks for help amid the pandemic-triggered surge in unemployment and food insecurity. To me, that is a number that is almost unimaginable. How in the world are we going to make up an 8,000,000,000 meal shortfall? And of course that number assumes that things won’t get dramatically worse in our society next year. If they do, the true number could end up being far greater. This should greatly alarm all of us, because food banks are the last resort for millions upon millions of desperate Americans. One of those desperate Americans is a 32-year-old mother in North Carolina named Christian Sullins… “Quite literally, we had nothing, nothing in our account. Five mouths to feed and no income. It was just a really bad time,” Sullins says, adding that it was her, her husband, their two children and her elderly grandmother all living together at the time. Sullins turned to Loaves & Fishes, a local food pantry network, which is currently operating temporary mobile pantries in the Charlotte, North Carolina area. “At that point, my kids were hungry, and I was just like, Listen, I just had a baby. I’ve been out of work for three weeks. I have no income. My kids are starving — I need food. I have to do something,” she recalls telling an employee with NC Works, North Carolina’s central system providing employment help and career tools. Can you imagine being in a position where your kids literally have no food? We should be thankful that our national network of food banks has been able to help so many people throughout this year, but moving forward the system just isn’t going to be able to handle the crushing demand that is expected. In 2019, approximately 35 million Americans were dealing with food insecurity, but thanks to this pandemic Feeding America expects that number to rise to 54 million… The worse is coming. Local grocery stores, already coming up short due to lack of stock. It is going to hurt a lot of the locals. Some are elderly, with no car. Earlier this year the organization estimated as many as 54 million people in the US could experience food insecurity due to the pandemic. That’s a major jump from the 35.2 million people who faced hunger last year. Isn’t that crazy? We are the wealthiest nation on the entire planet, and yet more than 50 million Americans could soon not have enough to eat on a consistent basis. During this year I have made numerous videos about the massive lines that we regularly see at food banks all over the country. In some cases, the lines of vehicles have been measured in miles. Never before have we seen so much demand, and food bank workers are absolutely astounded by what they have been witnessing. Here is just one example… Greater Boston Food Bank president Catherine D’Amato says things are getting dire. ‘It used to be one million pounds out the door a week, now it’s two to 2.5 million pounds a week. We’re doing more in a month that we did in a year 20 years ago. Food insecurity has gone from one in 13 people to one in eight in Eastern Massachusetts, even higher for families with children,’ D’Amato said to the Washington Post. Prior to 2020, food banks could meet most of the demand from donations that they received. But now supermarkets and retailers are having their own problems and have dramatically cut back on donations. As a result, food banks are having to spend a tremendous amount of their own money to buy food… Food banks are buying a majority of the food now, whereas in the past they primarily relied on donations for the bulk of their supply. In fact, the average food bank in North Carolina spent about $80,000 a month on food last year, Darrow says. Now they’re spending an average of $1 million a month to purchase food. Could you imagine spending a million dollars a month to buy food? Things are crazy out there, and they are only going to get crazier. Ther are also growing food shortages that we are witnessing all over the globe right now. The top official at the UN World Food Program is warning that we could soon be facing “famines of biblical proportions”, and in some nations food riots have already begun. The good news is that the United States is in better shape than almost everyone else, but the bad news is that the number of hungry people is exploding here too. If there really is an eight billion meal shortfall at our food banks over the next 12 months, what are Americans that are desperately hungry going to do? Is the federal government going to step in to make up the difference? Of course the federal government already runs the food stamp program, and tens of millions of Americans are already enrolled in that. We like to think that we have the strongest and most prosperous economy on the entire planet, but the truth is that we have tens of millions of Americans that cannot take care of themselves, and that number is growing rapidly with each passing day. And as our economy continues to crumble, the hunger crisis in this nation is only going to escalate. We are moving into deeply troubled times, and I don’t think that our society is equipped to handle what is about to happen at all. Famine has been one of the curses upon humanity for a very long time. I think it is one of the things we have imported from foreign nations such as China. It usually follows warfare. We as a people have literally millions of regulations in our government agencies. This is a country founded on the principle of as little government as possibly to keep interference with people's lives at a minimum. It is currently unworkable. Neither the EPA or the IRS is going to be able to handle the current crisis. Will they put those heavy numbers of unemployed in jail come April of next year? Logistically we do not have that many jails built to handle that many people and feeding them may become a major problem if they survive close quarters with the current virus. You ask for a solution? When the country is run by billionaires there may not be a solution. It is no long term solution. But America needs to get back to those gardens if and when the grocery industry actually fails to provide. We need the knowledge to feed ourselves and gardens are a large part of it. We need to get back to storing foods in preserves in mason jars. These are old fashioned concepts. Ignorance is the real enemy here. It can be done in even the poorest neighborhoods. We need to cut back on the incredible expense of our bureaus. We cannot as a people afford them. In the near future we need to create jobs instead of a welfare check. Not everyone can do this. Welfare is a way of life for some people and that has to change for those that can and are willing to work. We will always have the disabled and these people have no choice but to be on one form of welfare or another. There is a form of slavery in this country and it is addictive drugs. You think you are not addicted? How many people reach for a tobacco product even with the knowledge that it will eventually mean cancer? And that is just a legal addiction like alcohol is a legal addiction controlled by state governments. Whether or not a socialist system of government under Democrats wins this time or whether we continue with a Republican, neither has come up with solutions that will work. Of course a system based on making money for the rich will not feed a growing population of poor people. You want something that works? It will require an investment in our youth. It will require changes that enable anyone willing to work to be able to prosper. It will mean changing our college system so it does not bankrupt anyone to get an education and qualify for skilled jobs in industry. It is going to require changing the addiction of our people to cheap retail goods from China. We have the technology right now to change the work week from 40 hours and then overtime to a situation where more people can be employed by simply going to a four day work week. And that is an 8 to 6 hour day. We need to change the qualifications for working so a college education is not necessary for the average person to gain skills and work. Some jobs require a 4 year college degree. Most do not. We also need to change education so people can challenge out of courses because they all ready have the knowledge. That means free college credit in those cases. WE need to put practical education first. That means teaching people to fix things. And knowlng when to draw line and get the skilled professional help when a job becomes too complicated for an average person to do. I want the auto industry completely overhauled so a car is fixable by an average backyard mechanic. Not a qualified technician at $90-$100 an hour. I do not want things like an alternator, starter, or any other thing likely to kill a car to be inaccessible under the hood. I want a complete investigation of the appliance industry that now produces refrigerators that die in 4 years. I want the monopoly in that industry broken up. These are the reforms the middle class requires to continue to exist. 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 donated. Stay safe and healthy friends! Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

👉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!









































Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

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!













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Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

The End Of The Dollar Era Approaching

The End Of The Dollar Era Approaching




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



















Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

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

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






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





















Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

👉Monetary Reset & Economic Collapse worse than The Great Depression

👉Monetary Reset & Economic Collapse worse than The Great Depression







As America continues to implode from within, The era of the dollar’s exorbitant privilege as the world’s primary reserve currency is coming to an end. The U.S. living standards are about to be squeezed as never before. We import everything, and the only things we export are wars, mortgage-backed securities, And The US Dollar. Our nation's wealth is being drained drop by drop because our government continues to mount record deficits. The security of our country depends on the fiscal integrity of our government, and we're throwing it away. The Contraction of GDP is currently, WORSE than that of the Great Depression, which then stood at 33 %. TODAY, contraction of GDP stands at 50 %. We can safely conclude that we have entered into the GREATEST Depression, EVER! Our national debt is going to eventually catch up with us, and it will be painful for all, and this has been a long time coming. Just how much money do you think The Fed can print without other countries balking at buying our over-inflated notes! The world is also tired of the US threatening to ruin their economy by the Dollar if they don't tow the US line. Gold-backed currencies, decentralized cryptocurrencies and trading commodity for commodity is the way around that. Settlement in the US Dollar has dropped in recent years when it hits fifty percent. Its days as the world's trading currency are over. The Federal Reserve Note is a Debt-based Pyramid Scheme. Other nations no longer purchase our bonds (debt). The record of History proves that paper currencies always hit their intrinsic value of ZERO! We are well on our way. The weaponization of the dollar and the US banking system by Trump is why the dollar is weakening. Add to that the fed printing trillions and the government borrowing trillions to prop up the markets. Factor in also, record and historical debt loads. The Fed and the Fed system of banks are now the major and almost sole purchaser of US bonds. The US financial system is taking money out of its left pocket to put it in its right pocket. Are you expecting a "V" or a "W" recovery? Forget about it! It's going to be an "S" and no recovery for the Markets. Get out now - it's a sucker's market. All short term Fed-induced liquidity. Oil stocks will drop back to half of the previous lows. The Fed is pumping money into the stock market to make people think things are great. Wake up! It's all smoke and mirrors. The equity value of stocks is less than meaningless. 2008 should have taught EVERYONE that. Thanks to the financial propaganda-press, the divergent curves of the stock market and the REAL American economy have been studiously ignored by most - at their, and everyone else's, peril. We are in trouble as a nation. Congress has to stop spending us into deficit. This has been going on for almost 40 years, and the government borrowing escalated dangerously after the 2008 recession. Our whole monetary system is dishonest, as it is debt-based. Our debt is 25 TRILLION. There are 8 billion people in the world. That means every man, woman, and child on the planet would need to pay $3,000 in order to pay off America's debt. Think about that. It means we will never be able to dig ourselves out. The dollar is already devaluing. Have you not bought anything lately? Grocery prices are way more than they were. It is only the beginning, as the more the national debt increases, the less the dollar is worth. The so-called "dollar privilege" is largely responsible for the erosion of the middle class in the USA. It did wonders for the 1%, no so much for the 99%. The "Walmart effect." The average Joe standard of living has been stagnant for decades but not the top 1%. As a matter of fact, the top 1% incomes have gone 10000s % for decades. We've got to worry about the world not wanting the dollar anymore, which will mean hyperinflation like Venezuela. We can’t print endless money and not say hey, how about we start paying it back. We are right now 30 percent Stimulus in the GDP. Trumponomics needs to stop. Billionaires are burping with borrowed taxpayers' money. It’s time for hard love when it comes to budgeting. The collapse of our economy is inevitable. How can you live at home with borrowing more than you make? That’s the USA right now. Living on credit is never a good thing. When asked about the burgeoning federal deficit and national debt, Trump replied: “Not my problem!.” For far too long, the US has benefited from the unfair advantage of being the reserve currency of the world, printing dollars with impunity all at the expense of the rest of the world, which has granted such largesse for the sake of economic efficiency. The US leveraged its reserve currency status by demanding that oil can only be traded with the US Dollar hence the petro-dollar monopoly. This has not only allowed the US to spend five times more on its military than Europe and China combined but enabled it to meddle in other countries' affairs through invasion, toppling democratically elected governments, and bombing innocent civilians suspected of terrorism. The Trillions, being pumped into the economy by the Fed, are being subsidized by the rest of the world as their dollar reserves decrease in value due to flood of US Dollar entering the markets. At some point, this house of cards will come crashing down, and it will be caused by US greed and lack of fiscal discipline. The Fed’s decade-old grand experiment of creating trillions of dollars of debt used primarily to enrich the top 5% wage earners, wall st banks and insurance companies, and the well connected like warren buffet has finally reached the point where the end game is in sight which is a collapsing, crushing debt bomb. Now its taking hundreds of billions, even Trillions every day, to keep the bubble market inflated. The saddest part of this is the vast majority of politicians, and business leaders who should understand the implications of this shift and are in positions to address it are all worried about their next election or quarterly report. The dollar is declining now. That's why stock prices are up: when priced in dollars, stock prices have been declining as the dollar's value shrinks. Once the dollar is dethroned, there will be no world reserve currency. Each nation will have to back their own currency in Gold or direct trade commodities. A world reserve currency allows for abuse by the issuing nation. The USA was able to scam the world for 50 years, so its time to get back to real money and see the real price of things again. The selloff of the US dollar has already begun. Big changes are coming. It is going to be beautiful. All government-issued fiat has failed 100% in history. The US Dollar will be no different. Hedge the dollar and buy tangible assets YOU own, and have no debt tied to your name. Gold, Silver, land, bitcoin. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. It is a conglomeration of the Big Private Bankers. Those Banks run the currency show - control it all through the Fed then, to the Government! The biggest con job EVER in history! Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later, he wrote: “I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” On June 4, 1963, JFK ordered the printing of Treasury dollar bills instead of Federal Reserve notes (Executive Order 11110). He also ordered that once these had been printed, the Federal Reserve notes would be withdrawn, and the Treasury bills put into circulation. A few months later (November 22, 1963), he was killed in broad daylight in front of the whole world. One week before Dallas, he made that famous speech where he talked about a highly secretive group of powerful people he was going to expose, and with the help of The American people, he intended to spoil their plans. The FIRST thing LBJ did when he took office was to abolish the Treasury Dollar printing operation. And all of this bearly reported at the time. BTW LBJ created and pushed through the Great Society welfare state, which is directly responsible for where we are today. And one of Johnson’s first acts as President was to repeal order 11110. Forty-four nations agreed in 1944 at Breton Woods to use the US dollar, backed by gold as the reserve currency for international trade. Created at the same time were the IMF (International Monetary Fund) and the World Bank. In 1971, the issue of gold backing for the US dollar was so restrictive to the US government's money printing and deficit spending that US President Richard Nixon "temporarily" suspended the ability to convert the US dollar to gold. That "temporary" suspension has become a "permanent" suspension in practice. The record of history tells us that GOLD and silver have lasted the war. Nations, who left Gold out of their support for their dollar ALL their currencies, ultimately tanked. Greeks, Romans, Germany (Reich mark), Zimbabwe, etc. Currency collapsed. The U.S .will fare no differently. The Dollar died in 1971, decoupling from gold. As we’ve seen, it’s been reserve currency for almost 50 years. Bubbles can last a very long time. The US Dollar will massively spike as one last death cough before its death as the reserve currency. US Dollar decoupling from gold ensured its eventual death, but it was far from dead at that time. The reason why America has gotten so wealthy is because of the combination of the Dollar's status as a reserve currency and the ability for the US to print Dollars without devaluing it due to its status. We got rich off the backs of the countries that used it, but that will come to an end when it dies. When Nixon closed the gold window back, in August of 1971, the dollar has been manipulated and is losing its intrinsic value, as it slides to ZERO. The dollar, in comparison to Gold, is only worth 1.4% in its actual purchasing power. A penny (1 cent) back in 1906, bought you more than a dollar does today. Ever since the creation of the Federal Reserve in 1913, inflation has been consistent. The US dollar is often referred to as the cleanest shirt in a batch of dirty laundry. What props the dollar up is world confidence that the US will pay back it's debts and not just the interest on those debts. With the ongoing US injection of trillions of US dollars into its financial system, thus impacting the world's financial systems, its only a matter of time before a new form of a reserve currency is brought into existence. That could be Special Drawing Rights through the IMF or even some form of blockchain cryptocurrency overseen by the IMF and agreed to by the majority of the world's countries, despite what would likely be a US objection. The US dollars loss of reserve currency status will happen; it's just a matter of when and under what "triggering" circumstance. This will lead to the inevitable collapse of the dollar!! A huge national debt always results in higher prices for everything. Neither party had any type of plan to pay down much less off the debt. History shows that governments have collapsed under the weight of runaway inflation. This is the situation Trump or his successor will inherit. We can't even afford another war to pull us out of this mess. Serious riots will make the current racial riots look like tea parties. People think the recent riots were bad. Wait till the government checks don't clear or they buy 50% of what they used to. The vast majority of US dollars are held by American Private Banks and the Federal Reserve. The Collapse of the dollar without any successful successor will equal a crisis that may be even greater of 1929...maybe even with one. That crisis is already in the works, and there is coming Hyper-inflation ultimately. Can't continue to just print dollars out of thin air with zero to back it. The existing inventory and underground reserves of Gold will be $100k or more an oz. in order to cover all the outstanding currency. Countries like China and India with huge stockpiles will ripe windfall benefits and become the world's richest economies, while the U.S. will suffer hyperinflation. The debt service that will be likely over 800 billion next year is money that is frankly pissed away, bringing no services to the American people for that EXTREMELY large sum of money. If the rest of the world sees us as a bad risk, the price we will pay will be catastrophic. Deficits do matter big time. Who will fund the saving deficit of a nation that has finally lost its exorbitant privilege?" The Fed will just print money to monetize the debt, right? Everyone in America now believes that the Fed will fix all problems by printing money. It has worked since 2008, so why not? Should foreigners no longer want to buy US Treasuries, interest rates would be driven up to entice them to fund our debts. But that will cause the economy to collapse. Lacking in domestic saving, and wanting to invest and grow, the U.S. has taken great advantage of the dollar’s role as the world’s primary reserve currency and drawn heavily on surplus savings from abroad to square the circle. If the return on investment for Treasury securities continues to be so pitiful that no one will buy them, the whole scheme comes tumbling down. The dollar has lost all credibility in the context of a reserve currency evidenced by a whole host of factors. Not the least being that the US tries to bully the rest of the world. The US is totally bankrupt, and the world knows it. Trump has abused it too much. The countries are feeling the angst of placing their confidence in the dollar. If the dollar is a so-called world currency, it has to be in the interest of the world. Lately, it seems that perspective has been lost and it has been weaponized to serve American foreign policy. The world does not need the dollar. Every country would love to get rid of the PetroDollar, which would, in itself, increase the value of their own currencies. What currency is going to fill the void? China has been working toward its yuan, replacing the dollar on the world stage. If the opportunity arises, they will pounce. The IMF already launched their replacement vehicle in July 2018, which aims at replacing the US dollar for those countries that want to do trade using a common currency other than the greenback. IMF's Distributed Ledger Technology has been in place for two years now. This replaces the US Dollar for trade between nations. It's already a done deal for the dollar as the reserve currency. China's BRICS Swift move to remove the petrodollar as the worlds' currency, their expanding economic growth vs. the U.S. dollar's GNP to debt ratio of 107% when over 77% signals fiat money collapse and their expanding global military presence threaten the 1% elite's world dominance (power and monetary control). The Dollar will eventually collapse. Don’t forget inflation, with trillions of dollars being injected into the economy and negative interest rates on the horizon, what does that mean for stashing cash or equities? A current American strategy in Foreign policy has been to threaten banks facilitating trade with countries like Iran and Venezuela. This has been noted by the rest of the world and alternatives to SWIFT, and the US Dollar are being implemented. The dramas with Libya, Iraq, Iran, and Venezuela relate to the sale of Oil for something other than the Petro-Dollar. The US Dollar is vulnerable to the development of replacement energy sources. The use of the Dollar as a geopolitical weapon has led to the situation where it is being replaced in trade deals. At some point, a lot of Dollar-denominated financial paper will end up back in the US prior to a reset. Current trends show that both China and Russia have been divesting US paper. The dollar has about three years of life left before there will be a fatal crash. The decline of the dollar’s purchasing power has a 95% correlation to the federal deficit, which is exponentially climbing. At the present time, the economy was stunned by the shutdown, but soon more dollars will be pursuing fewer goods and services. Inflation will begin to rise, and at some point, the global credit markets will collapse, at least with respect to the dollar. I don't know about you, but the price of some foods has already doubled. My guess is the Dollar has less than three years before it is replaced. It's called a currency reset, and we're having one in the next few years. This will finally solve our toilet paper shortage! Got gold, silver, cows, bullets, land—anything but fiat. There should be an international currency, hopefully partially backed by gold. This will prevent endless quantitative easing, and governments will no longer just be printing monopoly money without limits, which has resulted in ZERO and even NEGATIVE interest rates. Produced in FINITE quantities by the sweat of men, Gold and Silver stand as sentinels to protect the wealth of astute investors in times of currency mismanagement and debasement that is occurring today. Yet only about 1% of the population owns any (outside of jewelry) Ironically due to brainwashing by financial institutions (and those with a vested interest in keeping your wealth in the bubble stock, bond and real estate markets). Buy US Silver Eagles and Gold Eagles all you can, now that their prices are still very low (due to commercial bank shorting), and you will not regret it. Soon silver and gold prices will really explode as all of the paper money being generated looks for a safe undervalued place to invest in. Most won't listen to what I am saying, but you will remember I told you this, and it is backed by cold hard facts. “Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.” – Theodore Roosevelt. This was The Atlantis Report. Please Like. Share. Subscribe. And leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.