Conspiracy of The Rich blog : Learn with Rich Dad Robert Kiyosaki how to Survive and thrive in today's economy, how to build assets, how to save money and increase your financial success, how to invest wisely and how to plan your path to financial achievement

Sunday, October 11, 2020

๐Ÿ‘‰A Tsunami of Food Shortages and An Explosion of Poverty Coming to America !!

๐Ÿ‘‰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.

Thursday, September 24, 2020

๐Ÿ‘‰The Fed to Start Depositing Digital Dollars directly to Each American Digital Wallet !!

๐Ÿ‘‰The Fed to Start Depositing Digital Dollars directly to Each American Digital Wallet !! The Fed to Start Depositing Digital Dollars directly to Each American Digital Wallet In an unprecedented monetary overhaul. The Fed announced that it is planning to send money directly to each American in the next crisis. The Fed will deposit Digital Dollars directly to each American digital wallet. The Fed itself will make direct deposits into Americans' digital wallets. The Fed is Preparing To Deposit Digital Dollars Directly To Each American through people's cell phones;So they then can give direct commands on what to do if they want another hit of cash. Free money! For the low, low price of your soul , autonomy and freedom! Get your free money now! Took longer than expected. Actually, It's not money but currency what the FED provides. The Economic Hitman has come home to roost and is now waiting to prey on his own. The Fed monetizing its own liabilities is the end. Just rewrite the Constitution to pay my mortgage and other bills, and free food too, and booze, and hookers. Thanks That was the goal all along for all these many decades of drunken sailor spending and other fiscal and monetary machinations. Ruin things to the point most people become dependent on government. Those that aren't would be demonized and demonetized. We're there. Break it under the guise of saving it. Give the solution, and then total slavery. Technocrats win!! It is by debt-rigging of nations that the cartel has assumed the control of most nations, and that process is what it excels in the most and has given them such power. The occurrence of the crash of the financial economy in 2019, and the further deliberately-accelerated crashing of the economy in 2020 with the lockdowns, is not a coincidence. It has all been PLANNED to dovetail together, and it results in another purely manufactured crisis to serve the ends of a group despots seeking, with the assistance of their minions and our sell-out governments, totalitarian control over world finances, resources, our nations, and our very lives. UBI !!!! Party on serfs! Now they'll know every purchase made, when, where, and who made the purchase. And they will tax everything!! And, eventually, the Fed could remotely destroy said digital currency when it so decides. Ultimate control. We're way past clown world now. They should simply raise interest rates - slowly, a few basis points per period - to incentivize savings. People could actually make money on their savings. Deduct earned interest from their digital money. People used to make money on their savings - it's called interest. Too bad interest has become even more barbaric than Precious Metals. They don't want savers; no banks do. They won't have good borrowers. The dollar was not designed to be saved. The digital dollars in people’s accounts will be on the liability side. Free debt for everyone. Cashless society on the way!! On our way to a new system, yet most Americans are too lazy and dumbed down to figure out the old system (central bankers printing money out of thin air to enslave the population). Bingo. FedCoin is cheese in a mousetrap. Big Brother will be complete. This end-game has been telegraphed for years. The common man must also be sucking on the Fed's teat for this colossal con job to work. The classic con job always involves implicating the target. It all sounds good and a utopia until your enslaved in forever serfdom. So the Central Bank now has the absolute ability to bypass the US government, which is elected by the people, eliminating any pretense of control of this government by the citizens. The limits they can implement in a system like this is endless. I can only imagine precious metals would be banned for purchase under a digital dollar, along with other commodities. If they can deposit, they can obviously track and withdraw and confiscate. And freeze your account for bad social scores. The Fed will shut you off. Now since every FedCoin will have a unique identifier and every portion of the FedCoin spent will have a unique identifier (Thank you BlockChain) traceable to its origin, wouldn't the Fed have the power to revoke or suspend the validity of the coins you have left forcing compliance for users of the FedCoin? No compliance means your ability to spend FedCoins, and any FedCoins you have are no longer spendable. Effing insidious. You won't be able to convert your fed coin to gold. The Fed will shut you off. Sorry citizen, your funds are not available for this transaction. In time, bitcoin and all other cryptos, they all be made illegal. Do you think the Oligarchs are going to let a bunch of randos become billionaires and keep their cash? The problem with cryptos is, at some point, you need to exchange crypto to non-crypto. All money flows back to the banks seeing as money is debt, so any business has to pay the banks back in their currency. That means that although the end-user can purchase in crypto, someone down the chain has to pay someone (or the bank) in US dollars. Therefore, you can't have an alternative currency in the current money system because eventually, the money needs to be US Dollar, and as such, it's not hard to kill off for real-world use. 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. 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. Soylent Green tastes the same no matter which side of the fence you are on. So this is likely the final plan by the globalists to completely control everyone's money and accounts. They steal trillions and gives us dust particles. A strategy like this will destroy the desire of any sane individual to save for the future. And to think they haven't learned yet from all the harm they have done to working people, savers, and retirees in our country. Just deposit $1,000,000 of these digital dollars into each American's account and be done with it. We’ll all be millionaires overnight. Just like Zimbabwe millionaires that starve in the streets because you have to be a billionaire to eat. Fed: Helicopter money will only be deposited in a digital currency bank account. Fed: "You will have a digital currency bank account whether you like it or not." Fed pricks will probably have an expiration date on that BS currency; if you don't use it by a certain date, it'll simply expire. Poof, it's gone!! Money invested wisely generates future positive cash flows, and so the economy grows, and prosperity reigns supreme. Money given away creates a moral hazard by incentivizing people not to work and creates poverty. We are heading down the path of massive poverty. The entire country will be like one big city ghetto. We need to break up the Fed and start anew with sound money, the incentive to work, strive, take risks to get ahead. Leave them with their Venezuela MMT (Monetary Madness Theory). Before anyone takes a penny from the Government, better take a look at what has happened to the unfortunate landlords that took the free rent money. In New Orleans and the surrounding areas, if you took the free money, you are now providing rent-free housing. It is a race to the bottom. All countries need export and want a weak currency. And all governments want to spend now and pay later. The time is drawing near where we have one chance to make this whole again. One bloody upheaval. If we slip into this electronic, immoral, digital prison, any hope for humanity will be lost for a long time. Be VERY CAREFUL with this. Both House and Senate have bills waiting to come up that adopt a US digital currency. If the Central Bank criminals would steal $50 Trillion since 1971 from Americans via inflation and interest rates, think what they could steal if they control all your money. Remember, the IRS was created to pay interest to the Fed DIRECTLY for the interest on our sovereign debt they borrow to our government. Their Ponzi scheme would CONTROL ALL MONEY AND PURCHASING POWER OF EVERYONE ON PLANET EARTH. Imagine taxes coming right off the top out of your account, imagine debt/installments would automatically come right out of your account. And imagine if the Dimwits manage to steal our election and impose social crediting like China.Speaking out against the tyranny could render you a bad social credit score and impact what/where you could buy or even your ability to buy at all. Imagine even further - you refuse vaccination, and your account could be frozen. All we would have between us is underground barter that potentially could be determined illegal with capital punishment. We work. Our labor earns us payroll. We need to be in control of our wages for our work. Otherwise, we are mere slaves subject to the whims of the globalist. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. I believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." This quote is attributed to Thomas Jefferson; there is no proof that he ever said it; regardless of who said it, it is 100% true. The next crises will be created by the federal reserve. They will collapse the stock markets, create the greatest market panic our generation has ever seen, and we will have no choice but to give them even more power than they have already been given by current financial crisis. All part of the plan to hand all financial power over to this international banking cartel, with the federal reserve being only one tentacle of this octopus. But before they collapse all of the world markets, they want us to fall even deeper into debt, and more beholding to them by wanting us to spend even more money we don't have on stimulus. And the dow will reach new heights of 30,000 points. I expect this world stock market collapse to occur later in 2021 at the very latest. And the end game is to force the world to abandon national fiat currencies, including the US dollar, in place of this international banking cartel's one-world digital currency. And their world power over the people will increase tremendously, since those that control the money of the world control the people of this world. If you're not stacking food and supplies to the rafters. Well, then you're really not prepared for what's coming. 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.

Friday, September 4, 2020

๐Ÿ‘‰The Mother of All Tech Bubbles is Bursting - The Big September Sell-off has Started

๐Ÿ‘‰The Mother of All Tech Bubbles is Bursting - The Big September Sell-off has Started

Stocks are plummeting with tech and growth among the hardest hit in the worst sell-off of the summer. The NASDAQ is cratering. Dow ends more than 800 points lower. Looks like a stampede towards the exits. The tech Bubble is now Bigger than The Dot Com Bubble. US Stock Market Cap to GDP Ratio Reaches 190%, Eclipsing the Dot-Com Bubble High. Big rallies often come to an ugly end .Nothing goes straight up. It looks like the markets might finally be facing reality. Many people need to be reminded that bubbles don't last forever. The markets won't keep going up forever. At some point, they will simply plateau and finally start going down. It's was already trading like a Ponzi scheme.Nobody was selling , just enjoying the paper gains, and getting high euphoria on them. Should Dow be at 19k? No. But should Dow be at 29k? Also no. And the tech companies simply ain't worth this much, period. We could have another 10% fall, easily. If people start thinking fundamentals, If the mindset changes from technicals to fundamentals, then this market has further to go down.We could have another 10% fall, easily", Economist Mohamed El-Erian told CNBC this morning. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional; as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The stock indexes reached their final target yesterday, which was a top gap fill on the Dow left when it started to tank in February. Nice 5 month technical rally, but now there could be a sell the tops decline down towards the March lows; a lot of gaps to fill. The Nasdaq Composite, which has rallied hard over the weeks, tumbled nearly 5% on Thursday as high-flying tech stocks took a breather. The S&P 500 and Dow Jones also suffered big losses, dropping 3.5% and 2.8%, respectively. Stocks typically face choppy waters in September. Apple Lost $180 Billion In Market Value on Thursday.a rotten day for technology shares. It’s the Biggest Loss For Any Company Ever. And remember the saying: as Apple goes, so goes the market. All the big money sold last week, and all the puppets are left holding the bag, saying to themselves, "I thought I was a genius, my stocks kept going up." Something Big is about to happen.. something about September.... market crash 1929, 9/11, 2008 crash, last year repo market went on steroids, dot com bubble also happened in September... DANG, WHAT'S GOING DOWN THIS SEPTEMBER. The sucking sound of millions of millennials fapping with their Robinhood accounts suddenly crying out in pain. There goes the new gaming console. The unpredictable is getting to be pretty predictable. Drive the market up and run to a safe harbor. Drive it down. Buyback in. Drive it up and run to a safe harbor. And start all over. Sooner or later, the little investors are going to pay the piper when a downturn runs away. The buyers magically appear in the final 30 minutes as usual. The first legalized Ponzi scheme in history can set one closing high after another, but can't set a closing low to save itself—intervention at every turn. Now it begins. 1) Market Drop of 70-80%. 2) Home Equity Slaughter: at least 50%- Delaying Evictions and Foreclosures is a brilliant strategy used by Private Equity, Hedge Funds, & Oligarchs. Treasury Secretary Mnuchin will delay and delay until one day, 20 million houses hit the market with 50 million unemployed, and boomers are 401K's down 50%+. Housing market will implode. The biggest Fire sale of all time. PRIME real estate picked up for pennies. 3) Social Security and Medicare are next. Monster deficit+ no tax base + huge mob of unemployed=Grandma and Grandpa, your livelihood is on the chopping block. Prepare for serfdom. This is how do you transfer the wealth of a country of 350 million people into the hands of 100,000 people? By Central banks' Booms and Busts, and Lies Lies and more Lies. The lie that stocks always go up, that housing always goes up, that social security will be there when you are old etc. This is Neofeudalism and NeoSerfdom. Time for the FOMO and Irrationally Exuberant to get carried out. The big boys figured out that we're nowhere near an economic recovery, and they need to cover their assets.The FED will print money and purchase (inflate) this stock market to infinity. It is a LEGALIZED CHEAT in the stock market game. The Fed is gambling our Social Security money and taxes on the market. I hope they don't lose it on the roulette. It pays 48%, losing 2% overtime It's a Ponzi scheme and totally manipulated by elite players and unnamed bankers who will never be held accountable or responsible. And the population will probably never know what went on behind all those closed doors. The Fed's BUY button is on the bench for troubleshooting and repair. Eight hundred eighty-one thousand additional unemployment claims filed for the week ending August 29 .A number that will later be quietly revised up, as is the case every week, as unemployment claims are now approaching 60,000,000 over the last 24 weeks. 8.4% are no longer reporting unemployed because congress went on vacation and failed to extend unemployment benefits. LET THE GOOD TIMES ROLL. HAPPY DAYS ARE HERE AGAIN! They'll say anything to keep the savings and pensions fully invested in the stock market until the big crash that will unleash the civil war/revolution. Bankers bought/hoarded all the grain in France to unleash the French revolution. Same playbook. The market runs on lies, and sheeple love lies and illusions. The fed and stock market learned how to make money from crooks, and now they are implementing their tactics in today's market. Strait crooks. All to hide massive financial fraud. Federal Reserve Bank is robbing the Treasury. Corporate bonds and mortgage-backed securities are junk. So they sell to FED. Money reform is coming. Argue about anything you want! It is like before any other bloody conflict. Money reform! Your wealth will cease to exist in one way or another... Blame the other side! The system has been gamed since 1913 against you. The middle class was the cartilage between the rich and the poor. It is pretty much gone now. What happens next is predictable. Serfdom for the masses is the goal of the elites. You will have 0.01% who are the oligarchs. Another 5% will be government enforcement with the weapons. The rest will be living the Hunger Games and be depopulated. It is going according to plan. The economic chaos is threatening the market value of equity held by the six mega-corporations owned by the Too Big To Fail banks. The bankers are exercising the covert ownership of the FR Board of Governors, Inc., to protect their equity. The Fed’s increasingly strained attempts to rationalize ever more aggressive monetary policy via ratcheting inflation targets higher are pure sophistry. It wants easier money to keep Wall Street product prices levitating and enable big spenders in Washington. That any part of the mainstream financial media can take it seriously is a testament to its willingness to abandon any pretense of critical analysis. I think the Fed Needs to redefine itself to the World as a Standalone Nation Banker that no longer holds responsibility or respects the Citizens of the USA. They are just the Casino House. It's all they can handle. But they will have to find someone else's Money to play with. And what the hell of a Ponzi scheme it is. The market breadth is in only six stocks! SIX!!! Watch as yields rise. It begins to turn. But going back to 1928, when stocks rose 5% or more in August, and the June to August return was top 25%, the market often struggled in September and October. If it was a relatively normal year minus COVID19, social unrest, high unemployment rate, election year, then I would take heed to these pronostications. But this is not your grandfather’s stock market. Everything is fair game for 2020! Here's a scary thought. In September 1929, a young new stockbroker in Pittsburgh named Richard Lerach took his small inheritance and family money and invested it all in the booming stock market. He never saw what hit him. I am thinking of a bad mix between COVID, US debt becoming higher than GDP, real unemployment might be that 940,000 or maybe a million. Housing prices and rent are going up, yet eviction is on pause. People are getting their bills late, loan rates, and the dollar losing value. It takes time for all of these things to affect the economy. It just so happens that it started in March it took six months for this monster hit now. I think more of a correction to reflect what is happening in the US. It will be mathematically impossible to control the debt. The US will eventually default; the dollar will be worthless. FED and government have no cash. US is trillions in debt borrowing money from the future by issuing IOU to banks at 0% free-market capitalist economy would do that. The U.S. trade deficit unexpectedly surged 18.9% in July to $63.6 billion from an upwardly revised $53.5 billion in June. This is the widest trade deficit since 2008. Trump promised to win on trade. Instead, we're losing big-league. Inflation can be easily tamed by raising interest rates. As we know, to bankers, raising interest rates is like forcing vampires into the sunlight. So now we have the worst of two worlds—ever-increasing debt and near to zero interest rates. We thought it was bad when we realized the purchasing power of our dollar was cut by 98% since 1915. But The Power That Be don't see it that way. They just plod ahead and do their most damn to devalue the dollar by another 98%. If all the interest on all the debt is eventually owed to you, you can keep devaluing currency through debt creation until the cows come home, and you'll end up owning everything and everybody. 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.