👉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.