👉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.

👉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 !! 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.

👉The Mother of All Tech Bubbles is Bursting - The Big September Sell-off has Started

👉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% interest..no 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.

👉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 Truth About The Stock Market Bubble -- How much bigger can it Get

👉The Truth About The Stock Market Bubble -- How much bigger can it Get






Evictions, GDP numbers, unemployment, business closures. All point to an economic disaster. Meanwhile, the stock market continues to break records, especially Nasdaq. The market is 75% overvalued, but this doesn't mean anything. Everything is fake anymore. Give away 3 or 4 trillion, and the market loves it. Most businesses are losing money, and the market loves it. Could this last forever ?. This market is skating on proverbial thin ice. The stock markets are always going toward a bubble. Knowing when it (they) will pop is the answer that people don't know. “What would it take for the bubble to pop?” Can the Fed continue buying debt at the current rate of $3 billion an hour indefinitely? Can the government mandate no evictions forever? . How high can this stock market go? For perspective, it took the market four years to reach a price-earnings ratio of 25; and a market cap to GDP of 120% after the 2008 crash. The current bubble is unlike any you've ever seen. This market is running on one thing and only one thing - money printing. The Fed will keep borrowing and flooding the system with artificially cheap money. The Fed has destroyed price discovery and free markets generally. When the bubble does burst, it will yet again be Mom and Pop America who pick up the tab for the too big to fail crowd. Former Secretary of Labor Robert Reich is right in his book: THE SYSTEM IS RIGGED. Oh well, at least we had that tax cut for the ridiculously rich, which did not "trickle-down." Too many needles are pointing at this mega bubble. When it pops, it will be devastating due to the high debt to equity ratio of developed economies and the already extreme QE. My prediction is for a collapse driven by automation unemployment and voting for re-distribution of the profits of QE printing. The Power That Be will be offshore (assets in hand) before that day of reckoning comes. The Markets have been set up to be a welfare system for Global Wall St. Retirees and Foreign Sovereign Wealth Funds. Nothing Capitalist about them. Central Banks, AI, and the FED. The Stock market melt-up until the Dollar collapses, and the world resets price discovery to a new gold standard. Stagflation and unemployment for Main Street will increase while Wall Street further financialize the economy. The smoke and mirrors will continue until the Fed has lost all credibility, which my guess is only months away. The powers that be will never admit the nation is collapsing even when it is apparent to the most oblivious fool on the street. The Wall Street buzzards are simply picking over the bones of America until all wealth has been taken, and you and your family are left destitute and starving in the street. There are two markets... one for them and one for us. Their market pursues ever-increasing gain while providing nothing of value. Our market produces all that has value for very little gain. Maintaining the optics on this shit show is becoming increasingly problematic... So what is the answer...? The velvet glove will come off to reveal the iron fist inside. Is it rational to have a rally like this? No! Are the markets EVER rational? No! Trade-in a way that takes into account that markets are not rational, they don't make sense, and they can go any way on any given day for a multitude of unknown reasons. What will be the trigger for the bubble explosion? Constitutional crisis and civil unrest later this year. US Dollar currency crisis looming. Forty million people in the U.S. at risk of eviction in the next several months. The historical data would suggest debt and overspending, followed by the collapse of the currency followed by inflation, depression, and finally, revolution. The good news is we finally get rid of the lawyers and politicians. Much of this rise has been based on nothing, so it could take nothing to reverse it. Yes, the conditions that created the bubble are obvious, and the Fed-triggered bounce is too, but now it continues its expansion based on nothing. One of those days may come when the same news that was available yesterday is available today, yet all of a sudden, the herd gets spooked, and it starts a stampede for the exit. The trigger will be when the federal government decides that it can no longer continue to pump money into the economy from deficits and the Federal Reserve decides that it can no longer continue to expand its balance sheet. This will probably happen after the election. Everybody is doing what they can to stay in office. And while the Board of Governors of the Federal Reserve are not up for election, they are not immune from political pressure. Everybody's efforts in government are just putting off the inevitable. The bubble will finally deflate due to diminishing returns of Fed stimulus. Consider the size of the TARP program in 2007-8 compared to the Fed balance sheet today; at some point, Fed printing will finally fail to achieve any result. Then the game is over. When that happens, I don't know, and neither in my view, does anyone else. My Prediction--the bubble will last until the day the Fed says anything that might suggest they'll raise interest rates. When that happens, the market will instantly drop at least 5%, and the downward trend will continue steeply for several weeks and an overall correction of at least 20%. None of the buy the dip rallies will last, and the market will continue to grind lower. Next week, next month, next year, maybe 3-5 years, who knows? The bubble will pop when the bubble pops. Stay nimble. A similar thing happened on Friday, March 10, 2000, regarding a similar dot-com bubble. The following Monday, the dot-com meltdown began, ultimately wiping out years of huge tech gains. And that all happened with no pandemic, low unemployment, and NO federal budget deficit. It might not be next Monday, but this bubble's getting close to bursting. Taking some profits might be in order. Instead of a “bubble,” let’s call it what it is - inflation due to currency devaluation. It’s been happening ever since idiot Bernanke started zero interest rates and QE, and has been shifted into overdrive now by Powell. That’s why this bubble hasn’t popped because it’s the value of your money that’s being popped. The trick is diversification. Right now, hard assets are the way to go, along with TIPS and high-quality equities that will benefit from the work at home phenomena. We're headed for an inflationary nightmare, and if you own hard assets outright, you're doing very well. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely 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. I don't have to tell you things are bad. Everybody knows things are bad. It's a depression. Everybody's out of work or scared of losing their job. The dollar buys a nickel's worth, banks are going bust, shopkeepers keep a gun under the counter, punks are running wild in the street, and there's nobody anywhere who seems to know what to do, and there's no end to it! At the moment because the stock market has detached from rational connection to the intrinsic value underlying companies and the broader economy; what we have now is an insane asylum being run by the FED crammed full of greedy lunatics betting with a never-ending supply of fake money supplied by the chief psychiatrist while looking at graphs drawn by the orderlies that keep going up. And the nurses who are handing out the meds are telling the greedy you are getting richer every day as they swallow the pills. Soon all the people working for and operating the companies that are listed on the stock exchange will start to realize that they are wasting far too much time trying to make and sell stuff that nobody wants. And they are going broke when they could all just sell everything and shut the companies down and invest in the stock market. Amazon will then realize that there is a big demand for asylums and will convert their distribution warehouses to facilities for the insanely greedy. And Tesla will automate the dispensing of pills and generate a never-ending display of rising graphs to keep the lunatics happy and so that the orderlies and nurses can join the ranks of the greedy lunatics. If this makes sense to you, then you should be able to figure out what is going on. Four times in history, the S&P PE has been higher than it is today. 1) before the I-bubble 1999 after the Fed intervention and first correction. 2) the aftermath of the I-bubble 2000. 3) the 2008 bank and deleveraging disaster. This is the 4th time that S&P PE crossed the above 28. So, let's see if history repeats itself or it rhymes! The difference is that this time we have incurred massive deficits at the fastest pace in history. Thus the bounce back has been extraordinary. But earnings have not. If this is baseball game, the Fed scored on 1st 2nd & 3rd 4th, and 5th seems to be getting ahead of the game on risk markets, now on the virus getting some game going and earnings are not showing up, other than the "forecasted" ones. So far, six weeks of immunity does not cut it for a real game-changer. It took Amazon 3.8 years (1388 days) to reach $1767. Since March (119 days), it has risen an additional $1705 to ATH of $3350. The last four months would be an almost vertical line on that time scale. The same thing can be said of Apple. That is how I know that we are in a bubble. It's not rocket science. I am not saying these companies are not worth this price, but that price is for the year 2024. I personally can't invest in bubbles at this stage. I am just too risk-averse for it. I don't understand how people keep buying. It just seems foolish and against basic common sense. I am sure that it will continue to go higher because where else are you going to put your money with rates so low. Oh yeah, the Fed has got your back just like it has since 2010. They have done an amazing job pumping the markets with QE since then. I wish I could show the charts and how they manipulated it and the results. It is quite an amazing feat. Long gone is a free market based on fundamentals. The only thing now is how high can it go. The moral collapse has already happened. The rest is just a consequence of the moral collapse. This would be a good time to remind people that if you haven't read When Money Dies yet, you need to. Easily the most readable book on hyperinflation in print, with a lot of good lessons to have under your belt for what's coming, because this time is not going to be different. 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.

The US GDP drops by a Third, The biggest GDP contraction since the Great Depression !!!

The US GDP drops by a Third, The biggest GDP contraction since the Great Depression !!!







US Q2 GDP Crashes By A Record 32.9%, Worse Than Great Depression. The coronavirus pandemic triggered the sharpest economic contraction in modern American history, the Commerce Department reported yesterday. Gross domestic product — the broadest measure of economic activity — shrank at an annual rate of 32.9% in the second quarter as restaurants and retailers closed their doors in a desperate effort to slow the spread of the virus, which has killed more than 150,000 people in the US. This is about $1.75 trillion of lost econ activity. This is on top of $2 trillion Cares act spending. Admittedly 100% if funds were not distributed in q2. The quartering is just how much the Cares Act was in GDP number. Obviously, if all $2 trillion was in q2, then GDP would have been down 3.75 trillion or about 75%! So, GDP plunged by 33%, and billionaires are up 33%. What a world we live in! The economic shock in April, May, and June was more than three times as sharp as the previous record — 10% in 1958 — and nearly four times the worst quarter during the Great Recession. The second-quarter decrease in real GDP reflected decreases in consumer spending, exports, inventory investment, business investment, and housing investment that were partially offset by an increase in government spending. Imports, a subtraction in the calculation of GDP, decreased. That said, the biggest contributor to the overall GDP drop was the crash in consumption - the decrease in consumer spending reflected decreases in services (led by health care) and goods (led by clothing and footwear). Personal Consumption accounted for the bulk, or -25.05%, of the overall -32.9% GDP drop, and five times more than the -4.75% Q1 GDP drop. Business and personal investments plummeted, with a staggering 43.5% annualized rate decrease, or a 10.9% decrease from last quarter, on non-defense federal spending softening the blow of the shutdown. (Whereas decreased demand for goods only contributed to 2% of our GDP contraction, service consumption contributed to nearly a quarter, a plurality coming from the shutdown of the healthcare industry.) Predictably, the nation suffered its first quarter of deflation since 2009, with our PCE price index falling by 1.9%. The flip side to our deflation? Nominal losses are actually slightly worse than our real GDP contraction. So, we are in a depression now. A 10% decline of GDP in a single quarter defines an economic depression. And the Markets will rise because “we beat the expectations.” The biggest GDP contraction since the Great Depression - and it is like it never even happened - in a little over 4 hours. All bad news is Priced in, always. New All-time highs here we come. Who needs GDP when we have central banks? US stock prices are rigged by Fed computers. How else can you explain new all-time highs For stocks in the middle of a Depression. The Fed 500 is only down a few percentage points during this economic meltdown. It’s funny how seriously people take a market that is so blatantly staged. It’s like thinking a reality tv show is real. Caracas stocks up 300% this year. It is indeed where we may be headed. Of course, not as high as our currency will still be considered safer. But in the early stages of devaluation, it’s easy to confuse stock market gains meaning economic growth, when really it’s just devaluation. Of course, the issue is that there aren’t many better countries to run better. So we’ll be able to continue charade longer. Crashing the economy worked wonders for the market in Venezuela. If you like eating cats and having large returns, it is the place to be. And everybody over there is a millionaire. 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. How many sectors would be dead without government intervention via bailouts? We've skipped the hundreds of billions, and gone straight to trillions. We've broken every tenet of Keynesian economic doctrine, by bailing out bankrupt, and non-viable businesses by money printing. It's over. The US economy is all but dead, and what comes next won't be pretty. And the looming evictions may soon make 28 million homeless. By comparison, 10 million people lost their homes in the Great Recession. This is what you get when every single Mayor and Governor across the Country shuts their state down, WHY IS THIS SHOCKING? AND WHAT DID we EXPECT? The response to Covid-19 has been more lethal and will continue to be more lethal than the disease. The body's response is what kills. Almost like it was planned to demolish the economy so effectively. In the Great Depression, politicians didn’t have Goldman Sachs showing up for lunch, to sell them on the idea that the taxpayer is totally irrelevant. “You can pay for anything, anytime, in any amount,” the sales pitch goes. The idiots believe it. That is the real pandemic: stupidity. We are witnessing in the United States one of the greatest failures of basic governance and leadership in modern times. Pretty pathetic that our government hands out free money to anything that moves, and GDP still crashes this much. Look at the FED balance sheet that didn't start three years ago. It was 2008........they are just kicking the can now. Remember when news like this would have crashed markets? But now it’s simply just another day on Wall Street. What would we do without Central Banks? The dollar is dead, and the world knows it. There is nowhere else to hide the mountains of dirt under the faux economy rug. Who would have ever thought that government mandating businesses shut their doors and stop all economic activity by telling people to stay home would cause GDP to go negative?? Maybe next, they'll show us a new study proving that water is in fact wet. For all that money the Fed was about to print, you needed an economic shutdown. The Corona was the excuse. I would say this has been the biggest crime portrayed in history. Things would have been much, much, much worse if it wasn't for all that free money from the federal reserve. Bringing the stock market back up when it was taking a dive greatly contributed to the wealth effect. If the stock market was allowed to collapse, that wealth effect would have instead become the poverty effect, and spending would have slowed dramatically. And the stimulus checks, and the $600 extra per week in people's unemployment benefits, which also came from free money from the federal reserve, helped the GDP numbers greatly. And that isn't even including all the other stimuli such as the payroll protection scam, I mean plan, the fed buying up all bad debt, etc. etc. So if it wasn't for free money from the federal reserve, the GDP would have tanked by at least 50% easily. So the Fed did a good job. A good job at duping people. Money is losing its value; debt is climbing, jobs are dwindling, the US will cease to function long before it can impose its will on the world. The world knows this fact very well and is just stringing along with the giant while it dies. And The one thing that Trump is going to accomplish—as he desperately struggles for re-election—is he’s going to finally rip off the Band-Aid. We’re going to have a real debate about this awful curse of Keynesian central banking. Trump hasn't taken on the Central Bank, and his issues with the Fed are for his own political ends. The belief Trump has gone after the FED, because of Keynesian central banking is blatantly absurd. At best, the above has happened due to the law of unintended consequences. Trump isn't trying to rip apart the Fed. He's trying to force their hand to allow for negative rates. You are seeing the true masters of the country. And it is not the populace. Every dollar printed is an obligation on our backs. People need to wake up and think about that and stop viewing their country from a perspective of blue versus red. They both are plotting our downfall. Until that happens, there is no reason for hope. That's just the way it is. The cockroaches of the FED never die; they keep feasting off the host and allow it to live long enough to generate more capital for the parasites to waste. Most of the money in the US is created by banks when they make loans. The only way to get extra money into the economy is to borrow it from banks, leaving us all trapped under a mountain of personal debt and mortgages. When you take out a loan, new money is created. As people borrow more, more new money comes into the economy. All the extra spending this newly created money funds gives people the impression the economy is doing well, which encourages them to borrow even more. As the debt goes up, so does the amount of money. FOR EVERY dollar OF MONEY, THERE’S a dollar OF DEBT. Because banks create money when people borrow, for every dollar of money in the economy, there will be a dollar of debt. If there’s $100 in your bank account, someone else must be $100 in debt. Across the whole economy, there will be as much debt as money. IF WE WANT MORE MONEY IN THE ECONOMY, WE HAVE TO GO FURTHER INTO DEBT. If we need to get more money into the economy – for example, during this depression – then we have to go further into debt to the banks. This is why the government is desperate to get banks lending again: if banks start lending more, they’ll create more new money in the process, and the people who borrowed will spend this new money. But if the financial crisis was caused by people having too much debt, how can the solution be for people to take on more debt? IF WE TRY TO PAY OFF DEBT, THEN MONEY DISAPPEARS. When you pay down your debts, the money that leaves your bank account doesn’t go to anyone else – it just disappears. This is because loan repayments are just the opposite process to money creation: banks create money when they make new loans, and effectively destroy money when they repay loans. 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.

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.