NOURIEL ROUBINI BLOG

👉Will There Be A Recession In 2021 And Economic Collapse ?

geraldcelente@gmail.com (Politico Cafe) — Mon, 14 Dec 2020 14:54:00 -0800

👉Will There Be A Recession In 2021 And Economic Collapse ? What’s going to happen to the economy in 2021? The World Bank Group is painting a grim economic forecast as the pandemic continues to ravage economies. More businesses are expected to fail, and insolvencies are likely to increase by 30 percent by the end of 2021. The US dollar could collapse by the end of 2021, and the economy can expect a more than 50% chance of a double-dip recession, the economist Stephen Roach told CNBC on Wednesday. Do the Americans understand what will happen when Biden removes tax breaks by raising taxes on all Citizens, and the corporate tax rate goes back from 21% to 38%? I know what will happen. Any money left in 4O1 k's will be gone, along with millions out of work. This will utterly destroy America once and for all. The market will be manipulated to make it look like all is well while the foundation is being washed away. FED will pump. That is the plan. They are not done yet consolidating and sucking in the plebes. The pandemic will still be with us next fall. Trends forecaster Gerald Celente from his side predicts that we are going to the great depression, with more lockdowns, increased taxes, more small business bankruptcies, millions of lives and businesses will be destroyed around the world. The US will continue abusing the currency like a dirty newspaper. Pandemic deaths will go up. We will be hitting records in the next few days. Deficit spending up. Companies have decreased earnings, yet markets are at All-Time High. This is a classic bubble. S&P500 is worth half of what it is today, based on the Shiller P/E. We are on the exact same path that Zimbabwe, Venezuela, and so many others have already gone down, and the very foolish decisions that we have been making are only going to end in complete and utter disaster. If we keep doing this, we won’t be facing a major financial disaster years from now. Rather, it will just be a matter of months before the wheels start coming off. But our leaders do not have any intention of changing course now. During 2020 the Federal Reserve has been pumping money into the financial system at a rate that we have never seen. Of course, the federal government is going to continue to pump out stimulus package after stimulus package no matter who is in the White House. Virtually everyone likes getting “free money” from the government, but you have probably noticed that the price of just about everything has been going up lately. INFLATION - stock will keep going up, and the US Dollar will continue to drop. Money doesn't care about pandemic deaths. And since the US Government can do nothing now but print, they clearly don't care either. They can't sustain this bubble in a rising rate environment. Housing will slow, then prices will revert because the price increases are 100% due to low rates. Then we'll see a massive pullback in earnings. PE is at 22 times 2021 earnings right now, a record high. The Russell is the first to pop. It's playing catch up with the market, but sky-high PE's will start to shed smart money. The economic destruction coming from a second wave of the pandemic lockdowns combined with the civil unrest from all the lies the media will spin out of this contested election will usher in the last eight years that looks as though it will commence on or about the 20th anniversary of 9/11. 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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. It’s not so much a matter of doom and gloom; it’s a matter of recognizing that the increase of risk has reached levels that are off the charts and adjusting accordingly. The event that could trigger greater cascading events could come from any number of places: pensions, stocks, housing, bonds, etc. And while the Fed says it can and will just keep printing its way out, that potentially triggers other events, like inflation, undermining the status of the dollar as a reserve currency, and even possibly war. Then you have globalism plowing ahead like one of the kids on the short bus taking control of the wheel, because not only are systems and people not ready for what those globalists are proposing, but also what they’re proposing is just a really, really bad idea. If they can’t even get it right on the smaller level of the European Union, how in the world can they get it right on a global scale. The proponents of globalism are freakin’ nincompoops and just add another dimension of risk to the equation. Masks and lockdowns are a horror show. Order restored from chaos. It's obvious the globalists are playing every card they have to destroy our way of life. They want Venezuela-type Socialism with full government control of industry and the economy. Government-run health care, free college, free housing, guaranteed jobs with a guaranteed income, no more oil or gas industry, spending billions or trillions on climate change folly, and all this will cost tens of TRILLIONS of dollars. Biden has signed on to some of it; they'd roll over him to get the rest. It would destroy our economy. That scares me. Apparently, it doesn't bother you. You hide behind "democratic socialism" and try to pretend it won't be that bad. Well, it WOULD be. The government has never done anything well or efficiently. Central Bank shenanigans in perpetuity worldwide ensure that gold will outpace any other asset class in the next 10, 20, 30 years and beyond. How can it not? Gold is money, nothing else. The entire fake economy is living on paper promises and suspended interest payments. Millions are now permanently unemployed, have little to no savings, carry lots of debt, and have no prospects for future employment. Real estate, both commercial and residential, are in the calm before the storm. The government can suspend economic reality (debt service) for only some time. The public and private pensions are bankrupt and too big to be monetized. Dollars have maintained purchasing power only by constricting supply and the coming massive markdown of all assets paper. The debit-credit bubble has burst, and there is no escape from the coming death spiral except a reset to the only true asset left, having no counterparty: gold. The longer governments fight this reckoning, the longer we suffer this economic debt-load malaise. Trade gold and this market if you will. But for me, gold is gold and will survive unscathed through the coming storm. The dollar price of gold does not concern me a bit. True wealth is measured in ounces held in hand. While the paper price of gold is set at the COMEX, the Keynesians can put the price anywhere they want to. If gold dips below $1700, good luck finding any physical gold in quantity for anything less than a $200+ premium. Dollar holders around the world have just witnessed the once mighty USA degraded to a banana republic, seriously considering MMT as official policy and in permanent deficit forever. How much longer will they view their dollars as safe stores of wealth? The US Dollar had run its course already by the turn of the millennium and was the main reason for 9/11. As the digital economy was on its way, the future of an all-dominant Petrodollar was on its way out amid a lack of military conflicts and large government clashes. As the Pentagon and media gift of the global war on terrorism eventually could not be sustained, a series of plots to move this war home to the west also petered out and had to be replaced by something new. Welcome the new global menace meant to replace ideological terrorism - medical terror. Old game planned scenarios were quickly dusted off by the think tanks and philanthropic groups to throw the entire world into a panic a fear fest. Why continuously fuel this kind of disaster capitalism and push towards a totalitarian governance model, you might ask? Because the path chosen for the US Dollar was taken a long time ago, perhaps even earlier but certainly by the time of the Vietnam war. The power behind the curtain of the United States chose following the second world war to adapt the philosophical and tactical strategy to that of the German Third Empire, which it had defeated. While projecting a benevolent facade of tolerant inclusiveness, the core theme was dominance through coercion, subversion, and economic hegemony to create a global empire. All global empire projects eventually end up on this path to self-destruction, so the United States is not unique. Today even the illusion of power and dominance is crumbling, and the last people to realize this is the propagandized Americans themselves. They continue to believe the slogans of the city on the hill, beacon of freedom, exceptional nation, etc., while their leaders continuously push in the other direction. It's a tragedy to witness. When the US Dollar implodes on itself, and the global fiat regime comes to an end, it will not be the end of the world, but western people, in particular, will wake up to the fact that they will actually have to start working for a change. The gravy train of living off of other peoples' work will be over. A tough pill to swallow but eventually proven to be a blessing in disguise. The amount of stock they own is constant, but the value of those stocks is artificially inflated. Unless they have cashed out, those are just imaginary paper gains. Shuffling to different stocks is pointless since the entire stock market is a bubble. Hedge your portfolio! Cash and bonds for deflation. Gold, property, stocks for inflation. I see nowhere else left to hide but precious metals. And after looking into Bitcoin. I am very discouraged. I will buy some, but that thing is super tracked. Just to get a wallet, you have to send in your ID? I thought it was anonymous! Nope. And every transaction is connected and tracked forever. You don't think the IRS is on this? Try selling some Bitcoin or spending it and not reporting a profit on your taxes. Gold, Silver, and Platinum in your hand is true money that is out of the system. As I said, I will invest on the dips in Bitcoin because I think it does have some value and upside, but it is like buying a stock. There is no hiding the transaction. You have to report on your income tax return if you own Bitcoin. I don't know if many people are aware of that. Is like having to report a foreign bank or brokerage account on your tax return—same thing. Meanwhile, gold has annihilated stocks over a 20 year period despite being manipulated downward constantly, and The Fed printing trillions to prop up stocks. You've got to look at the time period comparison from when they started cutting interest rates after Dot Com and 9/11. That's the base change to the economy. Now we have over $27T in debt on our way to $40T and maybe even $50T by the end of the decade. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Fed to Increase QE Creating A Frankenbull Market Converting Corporate Debt Into Consumer Inflation

geraldcelente@gmail.com (Politico Cafe) — Sat, 12 Dec 2020 14:25:00 -0800

👉Fed to Increase QE Creating A Frankenbull Market Converting Corporate Debt Into Consumer Inflation The Fed to Increase QE, Creating A Frankenbull Market & Converting Corporate Debt Into Consumer Inflation. Unemployment trends, food bank lines, pandemic surge, impending shutdowns, and political instability. The market will never see the crash coming, but it is coming. $1.3 billion asset purchases by central banks every 60 minutes since March. Buyers of last resort to keep assets prices in bubble territory. The M1 money supply is up a record 46% year-over-year. Things are getting pretty intense. Banks are buying up closed and bankrupt businesses increasing profit for wall street and the monopoly corporations. You might get those rollback deals and lighting sales on Amazon but was it really worth it? We are being led down the rose-lined path to socialism, communism, wealth confiscation, the destruction of our constitution, and all rights we have had in this nation since its founding. The Central banks are literally buying it all. These bankers are destroying the lives of hundreds of millions of people. Counterfeiting money to make purchases is not buying it stealing. Another fraud day in the bubble stock market as the FED never allows stocks to sell-off. O% money was easy - to prop up their Big Tech friends - one doesn't even need a community college economics degree to know what would happen. Now they want to channel more money to Big Tech and weaken Banks and the Oil and Gas industry. I am all for getting rid of coal - but this feel-good Fed green deal response only helps other countries to step in and fill the void - as windmills and solar panels are a long way from meeting our energy needs. Letting the Fed print trillions of dollars of unearned money to bail out the stock market, financial institutions, and now corporations is destroying the value of earned income and savings. Allowing the Fed to lower interest rates into negative real rates so an already indebted society can borrow and spend even more of its future earned income so that we can continue to live beyond our means today is just insane.And we've been doing it for 40 years now. Allowing the Fed to prevent true price discovery in the markets is just criminal and will destroy the free market economy for decades to come. This near Zero Rate scheme is basically a wealth tax on Americans, and the US Dollar is going to end up only being worth a penny? Very sad that True American Entrepreneurs would sit back and let The Fed and Central Banks sellout America!!! Congress and Government leaders are selling us out. Every policy they put in place is so short-term focused - with no regard to future consequences. They have destroyed generations to come. The US dollar is being decimated. The currency dilution steals value from every other dollar already in existence. If one believes the official inflation rate is generally understated, real GDP growth is likely lower. This is where monetary policy exacerbates protracted deficit spending and those on the margin. Simply consider the real assets that stand behind the financial assets of stocks, bonds, etc. Then consider the hugely inflated valuation ratios of those investments (PEs for stocks, gutted interest rates themselves for bonds, etc.), and it is no mystery where all the inflation exists. Interest rates are the price of borrowed money. When the system has been hugely injected with trillions in unbacked new money supply, interest rates are driven to zero because the supply of investable funds has hugely, hugely outstripped the demand from new real asset investment opportunities. The aggregate ratio between financial ownership claims and underlying real asset values is grotesquely engorged. Any poor bastard caught in the US Dollar domain does not have the luxury of holding out investable funds because of laughably inadequate risk-adjusted recompense in bond markets. Fed policy of helicopter money dumps has terminally diluted every financial market denominated in US Dollars. So, low-interest rates are not a sign of no fear of inflation; but rather, they are the evidence of the Fed’s crushing success in creating it. In terms of rich/poor/middle class, those who hold tangible assets benefit from inflation. Those who count on wages or hold paper assets/cash, not so much. The inflation is there in spades. Learn about the velocity of money. The inflation is in the assets. QE money chased assets while the real economy has struggled to recover. The recovery has been very selective; hence inflation showing up in 25% of the population through wealth creation. The bottom 75% who hold little assets cannot stimulate enough activity in the real economy for inflation to show. This cycle has been different in so many ways. A flat yield curve might not, in fact, be an early sign of recession since it's the central banks disrupting the yield curve. It could be a false flag. We are heading towards recession but keep an open mind and a balanced portfolio. We are in uncharted waters here. There is definitely something more dark and sinister going on in the background. January 1, 2021, ALL FDIC banks MUST make digital wallets available to ALL customers. Something is about to 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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. How short-sighted is the federal government? The Cares ACT was a rush job that just created a whole new class of winners and losers. And some of the winners of the stimulus are zombie businesses that provide no real value. The federal government should have provided massive stimulus into the national infrastructure. This is needed on so many levels. In fact, our infrastructure is falling apart and rotting since the baby boomers in Congress decided decades ago they did not care about the future. Even in 2017, Trump scrapped the infrastructure update proposal. Not only does infrastructure investment provide the highest long term ROI, but it also would improve the standard of living for everyone. Oh, and it would stimulate the economy now, and long term as these national projects would drive demand for employment and get people back to work! Each day the magical buying comes in to support the market. How long until they own all the assets? The idea behind QE is to buy the assets at high prices no-one else will pay using their fiat dollars to keep 'liquidity' in the market. Is that right? So if you're a central bank and you can print an infinite amount of fiat, doesn't this eventually end with the FED (or ECB, et al.) owning everything? It seems like this program allows people get to the exits and cash out of what would otherwise be a painful repricing of assets, but it seems extremely short-sighted to me because the FRN's are debased with all the printing, and all the real-world assets are going to end up on the FED's ledger. Doesn't this end with everyone holding bags of worthless toilet paper and you paying rent to the FED because they own your house, your car, the company you work for, etc., etc.? Now basically, everyone is left reliant on QE, stimulus, and the corporations are also reliant. The Frankenbull is solely powered by the Fed. The assets they buy only hold their value because the banks buy them. They can't stop printing. It will continue to grow in an exponential manner because if they stop, the assets they own would be valueless; they really are taking us to Mad Max territory. How long before the NWO owns all business and performs the RESET? So the US government should immediately raise corporate taxes 200%? The Old fiat monetary systems are declared obsolete, and a new Universal Basic Allowance has been introduced to cover the needs of the ordinary citizen. Only governments and multinational businesses use a digital Credit Mark to account for the movement and trade of raw materials. The democratic functions of western parliaments are reduced to votes for regional members of a unity government. Prime Ministers are chosen by internal vote. Private property has been abolished, all goods and assets sequestered by governments to allocate as required. Televisions have been issued to citizens, and giant screens broadcast twenty-four hours a day in the city squares. Fed seems to be waiting for a multi-trillion stimulus before increasing Treasury purchases. It looks like they may have to wait a few more weeks. Fed better buys everything sooner than later as it seems main street folks are starting to understand that the Fed’s main purpose is to enrich the elites. CNBC article today titled “Americans increasingly see the stock market as a barometer just for the rich, not the whole economy” had some shocking stats. When you see a shift in the country of 20% that believe the stock markets are rigged (most of which do not invest in said stock markets), that is a paradigm shift of epic consequences for “Trickle-down Fed” policies. The bottom 90% are losing faith in the Fed lies of helping the main street. The bottom 90% have more votes than the top 10%. Fed is at risk politically, so better “Make billionaires Rich Again” as regular common fly-over folks are getting wiser to the Fed as a wolf in sheep clothing. Wait until the manufactured inflation starts to impact the working families of this nation. The gap between those who have enough stock to make a difference in their lives; and those who do not will widen. And this is not a healthy situation for the country. The central banking game is truly a Socialist endeavor. It finances the things Margret Thatcher said would soon run out of “other people’s money.” It hides the cost of war by purchasing the debt created to fund those wars. It is operated by the unelected who make economic decisions behind closed doors, and they themselves insulated from any ill effects (like inflation) for they have inflation-protected pensions, courtesy of us.But what of us? The latest example of how the Fed’s outsized presence in markets, which began with the 2008 financial crisis and showed no signs of ending, is distorting traditional trading strategies: It’s squelching volatility, adding fuel to a record-setting advance in stocks, leaving credit markets priced to perfection, and curbing Treasury yields at levels that no longer fully reflect market sentiment or investors’ belief in the economy. The central banks have suspended the fundamental of a free market, supply/demand price discovery. In so doing, they have made asset evaluation a folly and misallocation of assets a game of no consequence. The history of this nation until 2008 is that Fed Funds equal or exceed inflation. Since 2008, this has been suspended, for good times and bad, for the benefit of whom and at a cost to whom? Hayek said central bankers decide and intentionally aid one group to the detriment of another, and the one group has been harmed since 2008. That group that had nothing to do with the systemic threats created by over leveraging and irresponsible speculations. Here’s the process as I see it, 1) Overvalued asset classes start falling as holders finally notice that income streams don’t match overheated valuations. 2) The Fed, worried that panic selling of asset class will, a) hurt wealth effect propping up spending and b) increase interest rates, hurting investment, hurries to print trillions in unbacked money to buy those falling, overvalued asset classes. 3) As a result, the selling banks/holders of those cratering asset classes get overpaid for their overvalued assets, in Fed “high powered” money (which the banks can turn around and use to make *new* leveraged loans, at a multiple *higher* than what they got from the Fed). The Fed gets the “falling knife” asset classes in exchange. 4) The newly flush banks start making their leveraged up loans (or sit on a chunk of the Fed QE, for which they get paid a small profit margin on “idle reserve balances” by the Fed). 5) Those new bank loans bid up the prices of financial investments or real assets, creating consumer inflation (later or now). I may have some of the details wrong, but I think the overall gist is right. I wonder if a clear graphic would help the public understand just how dangerous this self-licking ice cream cone the Fed has created is. Basically, it is a machine for converting going bad government and corporate debt into consumer inflation. That doesn’t seem to be fully registered with the public, and I wonder if that is because no one is laying out the basically simple 4 or 5 steps involved. Only those who own some fertile land over freshwater, some livestock, and seeds, gold, silver, guns and ammo, a LONG way from big cities, will survive this mess. The elites pushing the insanity will of course run away where no one can lamppost them. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉The Plot Against The Middle Class and Small Businesses Explained !!

geraldcelente@gmail.com (Politico Cafe) — Sun, 6 Dec 2020 15:48:00 -0800

👉The Plot Against The Middle Class and Small Businesses Explained !! The system is setting us up for failure. They're stretching it out to the maximum. They're milking us to the last drop. The destruction of small businesses has been well-coordinated and well-executed. The virus has killed more small businesses than actual people. Retail closures are exploding. So much easier for the politicians to control if there is only Amazon and Walmart. Real household income is the lowest that it has been in a decade, poverty is absolutely soaring, 47 million Americans are on food stamps, and the middle class is being systematically destroyed. How can big corporations be doing so well while most American families are having such a hard time? In the United States, the 400 richest individuals now own more wealth than the bottom 64 percent of the population.And the three richest own more wealth than the bottom 50 percent, while pervasive poverty means one in five households have zero or negative net worth. Small business is being strangled to death . And the regulatory environment for small businesses is more suffocating than it has ever been before. With the MASS panic of the pandemic, fear is causing businesses to close doors and our economy to take a MAJOR slump in what feels like the beginning of a zombie apocalypse. Add this to the economic terrorism imposed on small businesses and the middle class. It is health insurance renewal season; if you are aged the 50s-60s, most plans annual event all-in cost is $25k to $35k. The median household income in the USA is $68,703. So, approx 35%-50% of household income is captured by the oligarchic monopolistic medical industry. Add 30% for income and payroll tax. Add 22% for housing. We are watching the destruction of the middle class. And no one is even trying to stop it. Large Businesses have no trouble; they can still run and operate. It's the Mom and pops small businesses that can't do any business safely in pandemic time. They Are Killing Small Business. The Number Of Self-Employed Americans is now lower than it was 10 years ago. Small businesses have traditionally been one of the main engines of economic growth in this country. The American economy is less entrepreneurial now than at any point in the last three decades. When the big corporate chains and Bezos are major political contributors, what do you expect? What exactly is the huge difference between food shopping or being in Walmart and going into a restaurant to get takeout? The answer is nothing, especially with non-N95 masks. It's like stopping dust with a chain-link fence. You know those congress critters that you vote for each election cycle to represent you? THEY ARE THE ONES CARRYING OUT THESE ORDERS FROM THEIR PAYMASTERS. 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 don't forget to smash the bell button in order to get a notification whenever a new video is uploaded. Thank You. The curve still isn’t flat yet. More small businesses have to die as a sacrifice. The totalitarian measures are designed to crush the small and benefit the large While the balance sheets of US Billionaires and major corporations grew to over $1Trillion from March of this year through October as many Americans are barely scraping to get buy. They need some stimulus. More Payroll Protection loans likely to be again mismanaged to include corporations and felons in prison. Of the $908 billion stimulus plan proposed and currently negotiating with both parties, NO STIMULUS FOR THE PEOPLE IS INCLUDED. HERE WE GO FOLKS, THE POLITICAL CLASS TAKING CARE OF ITSELF AND COMPLETELY OVERLOOKING THE PEOPLE. ELECTION OVER, THEY HAVE OUR VOTES. WE WON'T HEAR FROM ANY OF THEM UNTIL NEXT ELECTION. Once all small businesses are bankrupted, then amazon, Walmart can set whatever prices they want, and you'll have no other choice. The only way to stop politicians from doing what Amazon, Walmart, and big pharma lobbyists tell them to do is to support small businesses now more than ever. Let us hope that one of the unintended consequences of this travesty will be to rile the middle class into a wrathful movement to stop the oligarchs. This happened in Germany 90 years ago when the average person lost his entire life's savings from hyperinflation. The oligarchs of the day swept in to buy most everything up for pfennigs on the mark. We all know what popular revolution resulted from this rape of the german people. It's a class war. But instead of the poor rising up against the capitalists ... It's the elites waging a war of attrition on the poor and small business owners. There's a defect in the human race, preventing people from understanding the situation of other people until they get into the same situation themselves. That's why politicians just cannot understand that this is any different for people than it is for themselves. It's a planned move to pure fascism - a joint government of politicians and big business. Government passes the laws and regulations big business wants, and big business manages the propaganda, finances, and labor employment of the serving population—one ring to rule them all. The freedom to form your own small business, compete more efficiently with big business, acquire property and capital, and become financially independent cannot be allowed. If the state and Central Banks were put out of business, then peace and harmony would reign supreme, freedom, and liberty for all! The undergoing plan of the annihilation of small businesses is the Greatest Theft in American History. As we all know, less competition means higher prices. Current policies are destroying small businesses. Bubbling up to the surface is the recognition the Fed has played a major role in pushing inequality higher. When it was suggested the Fed and Treasury Department lower the minimum size of the loans under the Main Street Lending Program to $100,000 from the current $250,000 to help a larger number of small companies that have been hurt by the pandemic, Powell even went so far as to claim there was little demand for loans below $1 million. The Oligarchs want them destroyed to ease the transition to Totalitarianism. The purpose of the this psyop is two-fold. First, to conceal the bank cartels' complicity in our economic destruction with fiat currency and a debt-based economy. Second, to ensure the economic health of themselves and their minions in the 0.1% by extracting what wealth the 99.9% have left. The plan is to keep the Phase 2 lockdown in place for a much longer period of time than the Phase One lockdown, continuing to destroy the global economy. Further degrade the supply chain and further amplify food shortages and the like. Quell any public outrage using extreme actions or force and make anyone who defies them appear as public enemy #1 to those who are willing to submit. Government at all levels sees businesses as nothing more than cash cows to bully, extort, rape, and exploit. Have you ever noticed that, whenever a local TV news station or newspaper announces, with great fanfare, the opening up or relocation of a new business to the local area.The very first thing they observe, in addition to the creation of local jobs (i.e., more tax cash cows for the local nanny thugs to exploit) is that the business will bring more tax revenues to the city/county coffers? No one ever observes that the businesses are providing a good or service that the buying public wants and is willing to purchase with its own money, thus creating local economic growth for its own sake (and thus enhancing individual freedom of choice and overall well-being). It's that businesses are contributing to (usually defined as giving back to, a sickeningly collectivist term) that ill-defined and nonsensical community. No wonder no one is launching new businesses above ground, in the legitimate economy. Only a complete fool would even dream of doing so under current conditions. Many operate from insecurity, creating a need for control. That competition within this population would result in superstitious tribes led by sociopaths, pitting tribe against tribe, should not be a surprise. We will never be as intelligent as the universe. America was a bait and swap from the beginning. Ignore the Declaration of Independence and the Bill of Rights. What remains is corporate law - control resources, create a sense of scarcity, and efficiently extract monopoly profits. If I can control demographics, I care not who prints the money or writes the laws. The system is built on a foundation of family/common law with no due process, supporting corporate law. And automation has then been inserted under the Council - empire by force. The chameleons proffer empire by diplomacy, a false choice, as the pandemic response demonstrates. Don’t play, or play to win. Marriage under God is the former, but the latter is relevant to most. It’s been a complex system problem all along. The economy is built from the bottom up, and after a few generations, those at the top start chasing efficiency - their own tail. We are interested in an algorithm and data structure for simultaneous reorganizations among complex systems. A good place to start is an income statement array of arrays, withholding company balance sheet inquiries capable of both quantitative and qualitative metrics. The nexus is the project manager, melding fact with mythology. That’s why they are called special projects coordinators. The process is cut up into three parts: off-sheet asset acquisition, reorganization, & special ops. The military industrial complex is like the main artery feeding cancerous tissue. The military industrial complex grows regardless of party, and the party tribes are essentially mobs. Real estate and the financial markets are just money laundering operations. Of course, the owners want to see a Gantt chart from the balance sheet perspective, but that isn’t how it’s really done. The whole point was to wipe out small businesses. They are quite inconvenient. Society will develop a new kind of servitude which covers the surface of society with a network of complicated rules through which the most original minds and the most energetic characters cannot penetrate. It does not tyrannize, but it compresses, enervates, extinguishes, and stupefies a people, till each nation is reduced to nothing better than a flock of timid and industrious animals, of which the government is the shepherd. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Ray Dalio Warns : America on The Verge of Revolution or Civil War

geraldcelente@gmail.com (Politico Cafe) — Wed, 2 Dec 2020 13:40:00 -0800

👉Ray Dalio Warns : America on The Verge of Revolution or Civil War 3 Days after investor Mohamed El-Erian, president of Queens’ College University of Cambridge and economic adviser to Allianz,warned in an interview with Yahoo Finance ; that The Fed and the promise of a vaccine aren’t enough to protect investors from a potential reckoning.It was the turn of famed hedge fund manager Ray Dalio to warn on his linkedin page that: The United States is at a tipping point that could Lead to revolution or civil war. There is definitely a storm brewing . And these top experts are right.In fact all revolutions are a byproduct of a discontent populace. Gerald Celente always says : When The People Lose Everything & Have Nothing Left To Lose, They Lose It! History shows once all the wealth is accumulated in a small percentage of the population, revolt sets things back to an equal playing field. Unfortunately, it also shows this can take decades of famine and war. Revolution and civil war is exactly what they require to implement the New World Order permanently. We are being PLAYED. Civil war is a problem because it pits you against the wrong enemy, against friends, family, neighbors ;when they are not the real enemy. Also it might fail, and millions will suffer. Overthrowing the .1% will be 100% successful and have the better result. They already implemented the NWO. How else did 90% of countries react exactly the same way to this pandemic? The Civil War has already begun. We are in the target selection stage. 95% of the people masked up and believe everything they say. There is no resistance.The masses love the new normal. Stay at home, the government sends money; dope is legal. The globalists locked us down and masked us up while the majority of retards cheered for it. When Diversity becomes Divide and Conquer; and Multiculturalism becomes Dis-integration. The US has been in the process of systematic deconstruction for the past 40 years, by the international globalist with trillions parked offshore. What you are seeing now is the last Act in the play called, The Great Reset. All it took the globalists to finish the job after 40 years of fattening themselves with their low-cost Chinese labor and milking US markets, was a pandemic and the panic they orchestrated through the media and their puppet governments, rewarding everyone with their off-shore cash and fiat along the way. Meanwhile the stupefied American people patiently wait for their illustrious court system to fix everything, while the global elites just keep spreading that fiat around fixing everything in sight. This crisis enables them to issue more debt even faster before the rest of the world stops buying US IOU's. The dollars is in its finally death throes as the world reserve currency. Currency collapses are usually followed by war. In the case of a collapse of a major global currency, that would mean global war. China vs India may be the flashpoint. India, with the support of the US. China, with the support of Russia. We lost the game! We were called to total war and we backed out! China is now the world's manufacturing hub and sells the most goods and has an army with credible deterrence just like the USA. We are equal now! get it! You are a cop with a gun? You got punched in the face,and you ran. Burgers lost everything over the last couple of years! 2021 is going to be wild wild wild! America lost everything! Why do you think TESLA is valued more than any other car maker in the world? Who is paying for TESLA's stocks now! Burger pension and retirement funds ! The raid is going on as we speak as ( Elon Musk and his buddies) sell their useless stock to pension funds. TOTAL WAR WAS DECLARED AND BURGERS GOT THEIR BLUFF CALLED! In the world of geopolitical porno....those pictures of american bases being bombed accurately in utter ruin is the equivalent of a facialabuse / ghetto gagger ! We cannot DEFEND ANYTHING WITHOUT LOSING EVERYTHING! Airforce out dated! Low cost cheap precision guided ballistic missiles will wipe out every US base, within the first wave of burger bombers hitting enemy's borders! When you have a fiat debt-based monetary system it enables growth of political and corporate cronyism also known as fascism. But it also enables a bunch of these useless parasitic money changers, also known as financial advisors or bankers to thrive. Many would not amass fortunes in a true gold based system I suspect. One class of people do all the productive work, and at the top of the pyramid are these parasites, and at the bottom are those who vote themselves free lunches, World reserve currencies have a finite lifespan. The US Dollar is long in the tooth as the World Reserve Currency. The US is a declining Empire. That's what this is really about. The elites are sucking all the wealth out of The US and moving it to The Far East. I really believe we're past the tipping point. The dysfunction and corruption that generates inequality and inordinate propaganda resources in the hands of the .1% The Predator Class are too deeply baked into the fabric of law, economics and ideology to be reversed or ameliorated. Simply put: The parasitic Predator Class is too addicted to the easy, windfall profits of their monopolies and cartels. Likewise the political system cannot reform itself because politics and government are owned and controlled by Predator Class lobbyists from the Military Industrial Complex, Wall Street, Big Pharma, Big Agriculture, real estate rackets and the rest. The nation is in a hopeless death spiral. And furthermore, internal strife has destroyed national cohesion and solidarity leading to political gridlock at a very crucial moment. As a result ;the US cannot innovate and compete with the China- Russia axis, and that includes the exercise of military coercion. This is a cold, hard summary analysis and not an agenda or personal projection. In few words .We're screwed. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. There is a point where every system reaches it's end of life. Concentration of wealth and power are the metrics that show how close the system is to collapse. The US is very close. When most of the country is owned by a handful of billionaires and at least 95% of the country is struggling to pay the bills and earn enough to have a family, it won't take much to set the fire. The vast majority of the population cannot make it in a technologically advanced society. They aren't smart enough, educated enough, or driven enough. In the past they could farm, mine, or do monotonous work in auto plants. Those options no longer exist. McDonald's or busing tables does not provide sufficient income to lead a traditional American life with kids and home. The rest of the world actually works and produces tangible products while the traders read charts and run computers siphoning off the wealth of the country and putting it into the hands of the few. And we wonder why the country is in debt, the middle class is being gutted and the rich get richer. Fifty years ago the market used to be where the average joe could stick his money, long term growth from responsible operation of productive companies and everyone made money. Now you have to be a pencil-necked computer geek running supercomputers creating casino wealth out of thin air. Day trading and most of the stock market is a racket . Instead of using that brainpower by innovating, running businesses that actually produce stuff and can create wealth and jobs for millions ;People in wall street pilfers and plunders without breaking a sweat. We are living in the endgame and it has nothing to do with any ideologies or bipolar indoctrination (democrat vs. republican ;capitalism vs. socialism, etc.) but everything with wealth and power: the ultra-concentration of ownership and the integration of Wall Street and the Chinese Communist Party . Welcome to the New Neofeudalism! It always amazes me the thing hasn't boiled over yet. Wealth disparity is at an all time-high. The productive class in the United States has been demonized, demoralized, defunded and depopulated over the past forty years and yet - this group of people still remains in polite society. I am not exactly sure what it will take to adequately motivate the average person, but if my American family is anything to go by - the lines are already drawn in the sand. Everyone will choose a side and each side will deviate further and further from the middle. No doubt people under pressure will attempt this, but why do you expect this to have any effect on the New Aristocracy? They can afford to pay the people they really need, and the rest can go wherever they please. If they rebel or become a nuisance, the armed forces and police can dispose of them as necessary. Once the dictatorship is complete, the law will make legal whatever actions are deemed necessary, and the press will bray the morality and justice of whatever actions are taken. When you reduce people from human beings to consumers, you strip their lives of meaning and purpose. Follow that up with masks, and you rob them of their identity and cognitive function (hypoxia). What you have left is an empty vessel readied for the scrap pile. While there has always been corruption (and always will be). Today the corruption is more in your face than it ever has been. The political class and their handlers (the elite) don’t even feel a need to hide corruption, not just here in the US but all around the world. The morality and ethics and ways and cultural values of the CIA, Pentagon , FBI, NSA, state security apparatus, as well as the elites, Washingtonians and Ivy Leaguers, have taken hold. So basically, the values of sociopaths and psychopaths as well as their sycophants, collaborators, and enablers have taken over. It shows in all the wars Washingtonians have both started and are losing, and in all the secret police activity and crimes and criminal activities of the military and state security apparatus and their puppet criminal special contractors of the secret police industry and the Foreign Gestapo collaborators they've brought in to assist them in the criminal activities. And let's not forget the Military Industrial Complex and with it a bogus war and with it the trillions spent , and almost 20 years later still muddling along. The World Economic Forum and The DAVOS financial architects and UN sustainable reversion to feudal times lords have no clothes if the hired help refuse to beat down the innocent public. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉This is How The Banks Make More Money During Financial Crisis

geraldcelente@gmail.com (Politico Cafe) — Mon, 30 Nov 2020 13:25:00 -0800

👉This is How The Banks Make More Money During Financial Crisis The Bankers make the most money when they are driving the economy into a financial crisis. What they are doing is really an illusion; they are just pulling future spending power into today. The 1920s roared at the expense of an impoverished 1930s. Japan roared on the money creation of real estate lending in the 1980s;they spent the next 30 years repaying the debt they had built up in the 1980s, and the economy flat-lined. Our economics is based on the assumption of profit maximization. However, what happens when this assumption is no longer valid when companies pay down debt at zero interest rates? This is when the economy has entered a balance sheet recession. In such a situation, monetary policy becomes a largely useless weapon. After years of monetary policy with limited effectiveness;we are now stuck in a QE-Trap. Bankers use bank credit to pump up asset prices, which doesn’t actually create any wealth. The money creation of bank credit flows into the economy, making it boom,But we are heading towards a financial crisis, and claims on future prosperity are building up in the financial system. The top 1% has access to unlimited free money at zero percent Interest!, unlike the bottom 99%. This means income growth is entirely irrelevant, and the 1% control the price of everything too. The FED is the entire problem. The rigged money/monetary system(s) in the hands of a small few private criminal and corrupt profiteers is the cause. Their perpetual wealth transfer schemes are the cause. Their alleged authority to determine the value of energy (intellectual, creative & physical) is the cause. —It’s referred to as Looshing. Physical Gold has served as trustless money for over 6,000 years because of corrupt governments and corrupt money changers (bankers) and their endless scheming and thievery. Physical gold used as a reserve (a restraint) in an honest system is unmatched. It’s the technology that has made stealing easier for them. Their exchanges/markets, derivatives, the London [paper] Fixing , etc... The removing of the physical gold from the equation has allowed an opening for their perpetual scheming and theft . The money changers, and Wall Street have convinced the Dolts that their BS paper and pretty red/green candlestick charts are what establish real value and set a fair price for literally everything . And those who believe technology (encrypted money) is a better more advanced a more fair and honest solution are insane. The day will quickly come when 256k bit encryption will be rigged, corrupted, or no longer encrypted. What technology has done is made the bankers' criminality exponentially easier. A society ruled by bankers ends up in penury, moral decay, and collapse. The concentration of wealth and unaccountability lead to societal collapse. ALL of this is caused by printed fiat centrally-controlled currency. 1984 has become a reality now. We're living the Davos sociopaths' dream. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. Big corporations are making money; while small businesses are shut down. The US National Debt Clock increases 4 Billion every day. The next phase of the economic collapse is the horde of zombie companies unable to meet debt obligations. It's both a liquidity and solvency problem, both public and private. The Fed has been hollering at congress for months now asking for more stimulus. Maybe Yellen can get the job done, maybe not. There has been so much debt issued by zombie companies that they must either go bankrupt or face decades of zero growth. That is the idea of Schumpeter's creative destruction. Get rid of the deadwood to make way for new growth. Some companies are posting losses greater than their market value, and yet investors keep bidding up their stocks. They either (a) don't know what they are doing, (b) are expecting to sell to greater fools (i.e., speculating), or (c) expect massive government bailouts of large zombie corporations. Why, Why should we bail them out? Why pump in more money. Let the economy be the economy. As a taxpayer and investor, I am sick and tired of knowing that I'm paying overinflated prices for fiscally irresponsible companies who should otherwise be bankrupt by now. Knowing that my future tax dollars will be used to fund these zombie companies now and into the future (for generations to come) is blood-boiling. This needs to stop. I feel the same way about those cities/states who are looking for a federal bail-out (we all know who they are, Illinois, New York, California) who have been fiscally irresponsible for decades (long before the pandemic) with everything from funding pensions to fiscally irresponsible spending, etc... Now they want the rest of the country to bail them out, so they can continue their reckless spending. The behavior of both public traded companies and crooked politicians need to be held accountable. Main Street has been socialized and manipulated by the government. The assault on the middle class continues. Inequality skyrocketed, more businesses closed than opened. It will actually be a lot worse. Guaranteed. Collapse is the only future for America. There is no other path to rid this country of the Fed. This is all part of the World Economic Forum Great Reset to the New Green Communist World Order, which is happening across the west, including Australia, New Zealand, and Singapore. The new administration has said they had signed onto this agenda, which includes massive tax increases plus new taxes, a new digital cashless monetary system using central banks to issue their own currency (tokens) directly to a smartphone and your wallet . And in exchange for canceling your debt you will give up all assets ;and leaseback those you use, canceling all sovereign debt. No need for banks as no more lending or need to deposit funds when you have them on your person which Big Tech will get a piece of every transaction.Loss of freedom to gather with family and friends, limited travel even with health and travel certificates, draconian controls on everyone with more and more laws passed. Limited even more freedoms.Complete destruction of most of the small and medium-sized businesses with job losses, financial and psychological devastation .And then they will implement their agenda as the population will accept anything for food shelter and security. Europe has realized what is happening, and riots are all over. Most Americans have not and will not until they hit rock bottom, which is the agenda using the pandemic thru 2022 to assure most businesses are destroyed. Political gridlock may appear to exist due to all of the jawboning in the press. But when it comes to deficit spending, the only fight is over how much of a deficit they can get away with this year. The fight is over which side gets to spend the most, thereby controlling most of the pie for their particular set of pimps. They even come up with outlandish schemes and psyops to give excuses and reasons for excessive debt spending, ergo the pandemic. There is little to no restraint today. All such came about as a result of fiat currency. When the state determines what is profitable, it places no value on that which the free market values. In a free market with sound currency, one can only succeed by serving their fellow man. In a fiat currency manipulated market, bribery in one form or another becomes the guide. There have been instances of such throughout our history, but since the Federal Reserve Act, it has become the dominant method. The number one reason for wealth inequality is rising taxes at all levels of government along with increased regulations, which add costs to businesses reducing the available amount of capital for higher wages. As the government was taken over starting in the late 60s by the socialists and communists and have had this policy of big government and wealth confiscation thru taxation and regulations. They have been raising taxes and coming up with new taxes at all levels of government for decades now. This reduces disposable income, lowers living standards, reduces GDP, and creates wealth inequality, which impacts more the middle class and especially below the most. The US has become a socialist country with government at all levels taking a piece of the pie of everyone's labor and all businesses profit. The socialist/Marxist/communist plan is to control populations by destroying disposable income, and that is exactly what has been happening for decades. Now with the Great Reset coming with confiscating all property and assets in exchange for canceling all debt and giving you a UBI. We are entering the final stage of implementing Communism 3.0 using MMT and the World Economic Forum's New Green Communist World Order. One peaceful way to prevent the parasitic elite from sucking dry the wealth of the country is to not give them your money in return for "stocks." Stocks are a scam and exist for one singular purpose: to enrich the senior management and to provide an "investment" vehicle to drain the citizenry of their wealth. Every pension fund will go broke. It's only a matter of time. In the meantime, much of the wealth of the people will have been siphoned off into the pockets of the Wall Street jackals. And it's not as if there is not an alternative form of investment vehicle that is not simultaneously someone else's liability. Yes, I'm talking about precious metals in physical form. So, while we can rightly rail against the 1% whose occupation is to scam the public, the 99% have, at least as of today, the ability to bypass this corrupt system. Yet hardly any of them use this non-violent, non-corrupt method of investing. So while we still have the freedom to do it, divorce yourself from the system to the greatest extent possible—caveat emptor. The working class needs a silver standard to have a more equal footing in the world. That is why they always destroy silver or bi-metal standards. Both silver and gold are money, and the dollar's days are numbered, and when it goes to zero like all fiat eventually does, holders of both metals will have their purchasing power protected. Anyone holding fiat at the time of collapse will be wiped out. I don't care whether it's paper or digital; it matters not. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Alert : Food Bank Lines Growing Across America !!

geraldcelente@gmail.com (Politico Cafe) — Thu, 26 Nov 2020 12:45:00 -0800

👉Alert : Food Bank Lines Growing Across America !! No jobs, no food, no money, miles-long food lines, and evictions on the rise in America!! Thousands of Americans waiting for hours to get a basket of Thanksgiving food. Klaus Schwab the World Economic Forum's founder and the architect behind the great reset theory, once said, "You'll eat nothing, and you'll be happy." Today, American Families are lining up in historic numbers at food banks across the country as the pandemic exacerbates levels of food insecurity for millions of people. Many of them are there for the first time. Long lines form at food banks ahead of thanksgiving. Food banks nationwide are struggling to keep up with skyrocketing demand, and officials who run them warn that things could get even worse very soon. Food banks across the nation are seeing a larger number of Americans amid the pandemic. According to Feeding America, an estimated 50 million people face food insecurity this year. Unemployment insurance will run out for most of those folks in December. If this happens in the richest country in the world, it's by design or a previously unimaginable level of incompetence. Lockdowns, stores closed out, masks mandates and poh-poh out to enforce it all while MS13 and the brethren run around with little to worry about. Breadlines and poverty for the populace; luxury and nightly parties for the gruesome Newsom and Pelosi. The rich who got those massive tax breaks are now dining at expensive restaurants being pampered with any request. The rest of us are enjoying Top Ramen for Thanksgiving in a food line. How sad , our country is getting what it wanted. At least the politicians are, anyway. We, as a society are falling in step with what the governments want. If you have to go out and beg for your food, then you are exactly what they want, someone who can easily be controlled. Without your food, you will do what you are told and not ask the questions that they don't want asked. Have at it!!!! If you are in the position to help yourself and all others then that is a good thing. But we all should be striving to learn how to care for ourselves and thus our family too. If you know how to care for yourself, your family, then you won't have to go out and beg for your food. America is now a third world country; the only difference is people wait in cars for food. The Thanksgiving reality of smaller family gatherings is also being met with a growing number of Americans going hungry. The Greater LA Food Bank says demand this year is up 145%, as lines for Thanksgiving turkeys stretched for miles in Dallas on Friday. Foodbank distribution center across the country with a line of cars miles long, full of people who need assistance to have enough to eat. During the Great Depression of the 1930s: People stood outside in lines for food. The 2020 crisis: people waiting in their cars for food.With the Longest lines in California, Texas, and Florida! Hundreds of cars lined up for Thanksgiving food distribution. Poor americans still use their leased gas guzzler to go line up at the food bank because, most don't own their cars free and clear. Instead, they drive them for a few years and then trade them in for a newer model. Either that or the cars get repossessed. The dealerships know this, but don't care, so long as the cars keep moving off the lots. The entire system is rigged to stick people into payments. We are debt slaves. And even worse, if someone is in actual need of food or housing or welfare of some type. If they own a car (even a beater), they consider that an asset and they might have to sell it or not qualify for help. But, if they are making payments on a new car, it's not considered an asset and makes it easier to qualify for assistance. Pretty bogus, I say. Thanks God for the workers at the food banks and the people who are behind the scenes filling the boxes and bags to be handed out. These folks have helped keep many families alive. It stinks that in this great country so many people have to go to food lines to put food on our table. Too bad the politicians in Washington don't know what that is like. We have food banks all over the place, and we claim to not have "bread lines." Now we actually have bread lines in the literal sense. It didn't take very long for so many people to be in such especially dire need. You're all being stolen from every day by the corporations and the bourgeoisie. The rich in the USA are just laughing at how stupid the masses are. No country as rich as the US would have such breadlines if people were not so ignorant. Most Americans don't have enough funds saved up to survive for three months. A fourth of people don't have enough to last more than one month. They are practically living paycheck to paycheck. This is the consumer economy that the Fed wanted. It keeps the money supply moving and doesn't encourage people to save. Because if you save (in a bank or in cash), you're punished by inflation (backdoor tax). Mission accomplished. The owners got what they wanted. This will only get worse, a lot worse as thousands of jobs are tossed out the door and shutdowns across the country. It's the American dream gone bad. People took for granted that if bad things happen, the government will look after them, but the reality is that our government does not care; they promise a lot before the election than turn to help their rich campaign contributors. Rich people don't create jobs. Reaganomics is just outright theft from the productive classes to the parasite classes. Rich don't pay taxes, but regular people do. Handing things to the rich is worthless. Look at all the pandemic aid they sucked up while laughing at all the small businesses, which were the real drivers of the economy through America's golden age. Our representative who passed the CARES act in March are responsible. They bailed out large corporations and put the bill on us, our children, and grandchildren. They are horrible. Why they keep getting voted in is beyond me. My entire life, they've mucked everything up shamelessly. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. Shanti towns, bread lines, dead Americans, hospitals without beds, and dictatorships. Somehow we always knew this is what the politicians would bring us. When the state governors shut down the economy in their states, the many middle class owned businesses are forced to close down. It results in millions of good hard-working people, many of who need every bit of work they can find to feed and provide for families, to suffer greatly. It has destroyed quite a bit of the middle class, considering 80% of the private sector works for small businesses, it has devastated many across America unabated. But one can believe that the politicians, governors, mayors, and members of congress all got paid handsomely through the entire shutdowns. They did quite well, often were caught violating their own dictatorial and harsh directives. Everything from showing off their vast ice cream inventories, walking through airports unmasked, a doctor in the know sitting at baseball games unmasked, mayor going to large gatherings like in Chicago saying they needed to "get out," a California governor seated at large dinners, etc., etc., etc., They said churches, synagogues, and other religious gatherings were not essential in some states forcing many to close up, but their casinos and other major tax revenue sources were more than welcome to operate, and mass protest gatherings, with many resulting in the burning, looting and destroying businesses went on as a constitutionally guaranteed right. So many ways to take the money when it comes to politicians, but the heck with the middle-class business owners and their employees; they can stay home and put their masks on and wonder where their next meal will come from! Lesson learned? Don't mess with kings or queens, and especially politicians and their money; they can put you in a damn bread line while they live well. Ever hear the story of why a French king lost his head as his people suffered? It seems in his demise; he watched the guards play with his children from tower confinement, till his son and heir was sent to be brutalized to his death by a cobbler/cordwainer, after his father's untimely beheading. And thus the great Tavernier Blue or French Blue diamond disappeared forever. Some say the cursed Hope was cut from it along with a sister stone, but most debatable and a story for another day. What a tale, one much canstill be gleaned from today. Everyone in America wanted that cheap junk from China; buying that stuff has consequences. NAFTA was a terrible deal, both parties pushed it through, Perot called it right on the money. Anyone with 1/2 a brain could see what was going to happen. Yes elections have consequences. We were lucky we had a strong economy going into this pandemic. The government gave out crazy amounts of money to people for not working. If they had saved 1/2 of that $600 a week they should be good till next fall, remember they got unemployment on top of that. We have a pandemic alright, a pandemic of the lack of common sense and personal responsibility. The question is how much longer can this be denied by the culprits responsible? One big problem U.S is in such a dire situation and not the only U.S but other nations as well are few factors. One is Military spending by the US and wars outside the homeland (20 Trillion supposedly missing or mismanage by Pentagon, how you mismanage that amount makes head spin) Two unprecedented fiasco of pension plans and other social programs (Yes, we need social programs but the system is absolutely broken), bureaucracy and list go on. Now with the pandemic use as an excuse to Global shutdown economy for a reset, most are wondering what will be next. Absolute bankruptcies are here already and are coming in Global structure, except, of course, few bosses in Casino. They know well, writings had been on a wall a long time ago, but the patient needs its new blood transfusion . Print baby Print. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Dow Jones over 30K, During The Worst Economic Meltdown !!

geraldcelente@gmail.com (Politico Cafe) — Wed, 25 Nov 2020 08:58:00 -0800

👉Dow Jones over 30K, During The Worst Economic Meltdown !! The Dow above 30k for The first time in History as Millions of Americans go hungry. In the midst of the worst economic downturn since the Great Depression of the 1930s, the stock market has been soaring to heights that we have never seen before. The Dow is at 30,000, while 51 million Americans are unemployed. You are all in for the shock of your life. The Fed printed $9 trillion and counting in one year. Combined with unprecedented unemployment and virtually no growth prospects. The US is dead in the water, and the masses just haven't realized it yet. The stock market at all-time highs, and more than 70 million Americans have filed new claims for unemployment this year. 30,000 DOW - Tell me again slowly, why the Foreign-Owned Fed needs continue to print $80B+ every month to intentionally continue destroying our buying power for this fugging fraud of a market. The dollar is being systematically destroyed. Inflation will crush the working families. The same influx of new money pumping stocks now will be the cause. The stock market goes up because the value of the dollars it is priced in goes down. These dollars buy less, and you will be taxed on that as a gain in addition to being taxed on it already via inflation big time. Yep, the best performing stock market was Venezuela last year. This is Dot-com version 2.0 .Never thought I'd see that level of insanity again in my lifetime; yet, here we are. But hey, according to those salespeople on Wall St, the market is forward-looking, so come on in, the water is warm. Come on Bulls, we can do it. We're only ~29% above the 20-yr historical S&P PE average. The Schiller PE currently stands at 33, so only 4.3 points to go, and we can match the Dec 2000 mark of 37.3. We've already well surpassed the previous market Cap to GDP record of 142.9 from Mar 2000, and setting new records every day now at 178% Total Market Cap to GDP. And don't worry, we have another Fed-puppet who will keep QE rolling along and a vaccine on the horizon that has never been priced in yet - just look at our ridiculous price targets. The markets understand that there is a lot more QE in the pipeline and way more in the way of stimulus checks from the new Federal Government. When fiat money is confronted by pending, and continuing debasement, real and financial assets go up. Financial assets being a proxy for real business assets. And now, even some moribund stocks are partaking of this mini-boom. Check the history for what happens to stocks during episodes of central banks going wild with credit money creation. For example, the first modern central banker Scotsman John Law in Paris France, in 1720, created a huge boom by jamming more credit into that financial system. Of course, the bust occurred when the credit issuance stopped. Same thing in Weimar Germany in 1922-23 or more recently in Zimbabwe. What’s driving the market? THE FED. Period. It is the only reason the bubble and all its insanity keeps going. It's a big fat ugly bubble. The party will be over when the big government stops printing big debt. The Fed has always been about protecting the 1%. The QE comes from somewhere, and it mostly comes from the group that already has less. How much longer can you squeeze them until they are going medieval? We will see it because the central banks won't end the madness until the day when they will be receiving incoming forks. The Dow Jones is more of a measure of the number of people in line at the local food bank than any economic factor. This is the biggest F YOU to Americans I could possibly think of. Celebrating Dow 30,000 is celebrating the destruction of free markets, the economy, and the lower classes. They are bankrupting anyone and everything to feed the casino class with Ponzi returns day after day. The casino class celebrates Dow 30,000 like they actually did something of value when in reality, all they did was gorge on central bank welfare. If only these parasites could pull their heads out of Powell's behind and think for a second about how they are enabling and encouraging the raping of this country. Enjoy your sick deranged Ponzi death cult while it lasts because a French-style revolution is coming for all the casino class parasites. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. We're at or extremely near the top here. Trump clearly demanded Dow 30K on his watch, but he's ready to pull the trapdoor the closer we get to the inauguration. It's a psychological watermark so that when the market absolutely tanks over the next four years, he can remind people about how good it was on his watch. No question he or Don Jr. will be running in 2024 on this. Ironically , this is a mirror image of the Tehran stock bubble earlier this year. The pandemic and sanctions were crippling the economy, but speculators were making money hand over fist on the stock market, and many quit their jobs to do day trading. It peaked in August and is now down about 50%. What do they call that? Climbing the wall of worry? Or is it irrational exuberance? Maybe both. The economy boomed during the roaring 1920s because the government slashed spending in response to the sharp economic contraction in 1920 that followed the end of WWI in 1918 and the pandemic of 1919. Since this time, government spending surged, the economy will go bust instead. Wonder if the Elites know that Great Reset could also be them being removed from mischief.....permanently. Everyone will be equally poor. That's the globalist agenda. This is what happened during the German Weimer Republic. It is well documented by the satirical genius of George Grosz. He portrayed the rich industrialists and banksters of that time, fat on their obscene wealth while children begin to starve, are used as whores, etc. When banks cut interest to zero, everyone ran into stocks, as if they’re immune from Rona. Pump and free Schitt stuff only work within a limited window. The wrath of God is approaching; heed thy warning. Effectively Zero interest rates . There is no incentive to keep excess reserves, BUT the money velocity for the various measures of how much money there is in the systems tanked with the lockdowns. If we open that economy back up, all of that newly printed money is going to get amplified via fractional reserve lending, and BOOM! No smoking gun there, but the motive. The lockdowns may not be about what you think they are. What moron actually believes that rates can rise in 2024? By that time, the debt will be well past $30 trillion. It will just be a matter of months before the wheels start coming off. The Fed has now effectively hijacked the Treasury with now two Feds at the helm and no one independent of it. They have now rolled out two fire hoses to put out the fires. Only one big problem. Both only squirt gasoline. We are going to start moving double speed down the drain now. Get your house in order because one day it works, and then by the time you notice it, it doesn't. Demolition goes fast. It's the rebuilding of a smoking crater that takes decades, if ever. Money in circulation goes to very very few people who hoard it. The ultra-rich got even richer through the PPP loan programs. Even if the market tanks, they just Brrrrrrrrrrrr. And inflate another bubble. No price discovery or market valuations ;they just pump it up. So 35k then 40k and more. The question is not if the stock market and housing will go up but if low income can afford a burger next year. What happens when people start starving which is guaranteed if they continue on this path! I expect riots before then. The little people can only take so much abuse until they snap. There is more to it. The elite are engineering the dollar crash. The more money the Fed prints to help Wall Street will cause the value of the dollar to collapse. It is coming. The Rich got Richer! Historic Wall Street Bonuses this Christmas! During this pandemic, the Bankers and the top 10% got richer than ever before. And yes, the Rich Bankers have always been in control since the history of mankind. All Presidents, Prime Ministers, Kings, Queens, have always been puppets for the rich bankers. After the inauguration, and it doesn't matter who gets in, the markets will crash big time, and most of the middle class will be destroyed all by design. Do not sell your gold or silver stocks cause you ain't seen nothing yet. If people are still in stocks, especially with their 4O1k's, better transfer it out before their great reset; it's coming! How can there be short squeezes day after day after day ??? Every last one of the shorts should be squeezed to dust by now !!! The coming crash will be epic. The stock market hit 30000 but what is the celebration about? It means nothing if you are without a job waiting on a broken unemployment system to give some relief. More lockdowns, more division, CARES act benefits wearing out, food lines, mortgage forbearance running out. There always seems to be two big winners in every one of these selections. 1) The Bankers. 2) Government. The Welfare for Wall Street degenerates are reinvigorated with the fresh long-stimulus/debt trade (free & easy money train) rolling back into Toon-Town at All Time Highs with a freshly bought and paid for Biden and yellow-stain Yellen. It's almost over. Companies are priced like five years out is now. There is no way they grow into these valuations. The decline will start slowly and then all at once as it becomes obvious to even the shoeshiners. The market is dislocated from reality by endless fiat creation. Got out years ago and bought productive assets and went local. When that Ponzi sheet show explodes; I will serve my community. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉12 Million Americans will Lose their Unemployment Benefits After Christmas

geraldcelente@gmail.com (Politico Cafe) — Sat, 21 Nov 2020 14:57:00 -0800

👉12 Million Americans will Lose their Unemployment Benefits After Christmas As the pandemic worsens and the U.S. economy teeters on the edge of another downturn, corporate bankruptcies are up 43% from 2019 (including Hertz, J. C. Penney, and Neiman Marcus). Almost a third of Americans missed a rent or mortgage payment in July. A new report is saying that twelve million Americans will lose their unemployment benefits the day after Christmas. The number of Americans filing first-time claims for jobless benefits rose last week, as new business restrictions to control spiraling infections unleashed a fresh wave of layoffs, which could further slow the labor market recovery. The number of Americans applying for state unemployment benefits remained significantly higher than pre-pandemic levels . New jobless claims rose for the first time in five weeks, signaling an increase in layoffs. Restaurant reservations tapered off amid new government restrictions and fear of catching the virus. Drivers bought less gas. And consumer confidence slipped in early November. 742,000 Americans filed for first-time unemployment claims last week - breaking a 4-week streak of drops as the second-wave lockdown impacts are starting to be evident. MILLIONS AND MILLIONS HAVE ALREADY USED UP ALL THEIR UNEMPLOYMENT BENEFITS. Unemployed Americans have seen their benefits shrink over the past few months, and the holiday season will bring yet another financial blow. After Christmas, 12 million Americans will see their unemployment benefits drop to zero, that’s according to a new report from the Century Foundation. As a result, personal incomes may see a roughly $226 million drop. So, in essence, governments threw money at unemployed workers to keep them quiet during the first months of the psyop. Now, these people have permanently lost their jobs and will soon lose their homes and apartments. Hundreds of companies bankrupt mean tens of thousands of people had their livelihoods ruined. It's a big mess. Small businesses especially, are dropping like flies. Can you imagine the bar and restaurant owners? In what industry can governors vilify you for months and expect any different outcome? Economic momentum is waning, and will shortly fall out of bed. In the meantime, inflation will begin to accelerate. That spells stagflation. Stocks are very vulnerable. Nearly 1-in-10 companies are planning layoffs in the next three months. That’s on top of the 29% of the companies that have already cut staffing in Q4. Companies are announcing tens of thousands of layoffs. Things look bleak for the millions of unemployed workers looking for jobs as there is also the looming prospect of more corporate bankruptcies and business closures, putting more pressure on the jobs market. More than 420,000 small businesses have closed their doors permanently since the beginning of the pandemic. That represents a staggering 7.1% of all small businesses. The Fed's money helicopter just crashed. The plan is to bankrupt the 99% and take everything we own using the lockdowns. Then they make us rent it back from them. Fight back or live as slaves. If we lose, they won't even allow most of us to live at all. If businesses lay off employees, their business is effectively done. No employees, no business. Understand the collapse of supply chains. People laid off for any amount of time seldom return. Businesses that provide products to other industries can no longer do so, and their customers fail as well. The SYSTEM collapses....while former employees are now dependents of the State and reliable progressive voters,not out of ideology but necessary to keep sustenance coming. The goal was to shut down the economy. The Globalists and Davos bankers believed they would achieve victory for their greed, and the Great Reset would flourish in the recovery. Somehow, everyone in the 1% would Win. The PPP was a plan to beat the scammers, and it worked in a fashion. The criminal theft was only to be expected. Loopholes abound every time someone puts together a plan like this. But, the pandemic worked immensely well. It has taken on a life of its own. The World Economy is hurting, and nobody would believe the all clear if it were screamed out by Hollywood all at once endlessly. The pandemic has killed the World Economy, and we only see the start. Woe to us all if they win. I recently realized that the real problem facing the world is too many people chasing too few jobs. Slick automation is making it worse. Real Buck Rogers inventions. This is why Globalism keeps popping up and why it will eventually win. The Davos bankers will also eventually win a world that contains more than massive unemployment and under-employment. Endless money printing, aka MMT, only works without creating inflation if you have full employment along with NIRP. Less than full employment causes too much money chasing too few gainfully employed people. The Fed will see its worshiped inflation at this time. And probably, a growing number of trillionaires. Great job 1%. The pandemic was the catalyst. The world has officially tipped over and is rolling downhill like a growing out of control snowball. The Fed has at best one more massive money printing extravaganza in its 'toolbox.' Then, there's nothing left except a bigger and faster-growing snowball rolling downhill toward us all. $8 Trillion to banks and their corporations, it's simple, bankrupt everything, give yourself more currency, buy what you want from the ashes, and enslavement for the people. Any future stimulus should target small businesses, unemployment supplementation/extension, and verifiable pandemic expenses by state and local governments. No general huge bailout for state and local governments. Now is the time to make those long-needed reductions to federal, state, and local government budgets. The need has been there for years. See the state pension funding shortfalls caused by lack of transparency and overpromising of benefits by state officials wanting support by public unions much to the general public's disadvantage, as just one example for the need to reign in their spending. At least 75% of the taxpayers don't work a public sector job, time for us tax donkeys to wait up and demand change. And the darkest days are ahead. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. CNN is running stories of pitiful folks in miles-long lines waiting for free food in Dallas, most claiming they can't find a job.While small businesses are buying automation because they can't find ANYONE to hire,or even respond to job openings and ads. This is the glory of State unemployment.The government is paying people NOT to work. It's bad enough that employers pay their employees not to work, but at least employees still have to show up. Government dependency ensures they never look for a job again, or at least until the teet dries up. By then, they have no marketable skills and no will to even try. Humans are easily corruptible, which is what gives politics so much power. It is only direct and immediate consequence that teaches us ANYTHING, and once the government removes that, we are as defenseless as a baby. Financial market prices are now nothing more than leading-edge hyperinflation. Helicopter money for wall street from our good ole federal reserve does wonders, doesn't it? Wall Street has hit all-time highs. But food lines have hit all-time highs also. Corporations get everything; the rest get nothing. Corporate tax cuts from 35% all the way down to 21%, the fed buys up all their bad debt, zombie companies brought back to life thanks to free money from the Fed, and all them trillions going into the federal reserve inflated stocks. And to top it all off, companies no longer have to issue new debt that will have to be paid back with interest. Now all they have to do is issue new shares of stocks, and the Fed will buy. Wall Street is now an easy street, while others are lined up on poverty street. And the main street has been converted to a back alley street. We can't pay back the loans we took because the money does not exist, so we have to take on more loans to create the money to pay back our old loans. See how it works. Then when we refuse to borrow more and we can't pay the loans, and since the fed is the largest holder of our debt, they, of course, will repo the USA. Going all according to plan, and it only took 107 yrs. This is nothing in the scheme of things. The fact the fed or any country's central bank exists is pure criminal. Americans even had it in black and white in their constitution that only the government can issue its money, and they still effed it up. It's a foreign installment. There's nothing federal about it, and it's raping our country. Just think, if former Federal Reserve chairperson Janet Yellen gets the US treasury secretary job, there will be no more issues. The Federal Reserve will be in complete control. And the marriage between the US treasury department and the federal reserve will then be complete. And the financial takeover of the world by the federal reserve and their international banking masters will be almost complete. Next would be the elimination of our US dollar and all other sovereign fiat currencies and replace them all with a one-world digital fiat currency, owned and controlled by the IMF. Once that happens, mission accomplished. In the meantime, if former federal reserve chairperson Janet Yellen is selected for our new US treasury secretary, the marriage between the federal reserve and the US treasury department will be complete. And that will complete the merger between the federal reserve and the US treasury department. Notice all the power the federal reserve has gained due to this pandemic? And people continue to call it the Chinese Virus? Yea, sure. Apparently, some of us don't listen to people too well. The federal reserve has become our new daddy. And in my opinion, the international banking cartel, who actually control the federal reserve, is only in the first stages of their plans. We should see the second stage around the year 2022. The federal reserve giveth and the federal reserve will taketh away. But I could be completely wrong about them also. We'll just have to wait and see. In the meantime, enjoy this well-planned event 201. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉The Fed to Double QE in 2021 on The Road to Inflation !!

geraldcelente@gmail.com (Politico Cafe) — Mon, 16 Nov 2020 09:33:00 -0800

👉The Fed to Double QE in 2021 on The Road to Inflation !! The economy is crumbling. Stimulus just pushed Fed’s balance sheet past $7 trillion for the first time ever, having expanded its balance sheet by over $3 trillion this year alone. But top Fed economist says much more QE needed to offset zero bound. Without injecting $120 billion in liquidity every month, the stock market will crash. The Fed, which is also buying corporate bonds and junk bond ETFs - remains the first and last line of defense for any equity drawdown. Money creation has to go exponential. Where did all that money go? I don't see any change in business closures, food lines, etc. Sure didn't come down to the people. Likely helped all the banksters put more lobster and Opus One on their table. Something tells me whatever it is; it will benefit them, not us. Yes, all money printed since the 80s has mostly never touched the real economy. It's been kept in bonds maturing for decades. And when the rich sell their bonds, fireworks will go off. Down the drain we go. Exponential debt and languishing growth that was occurring before the pandemic (or else we wouldn't have need QE, which amounts to life support) has doomed this country. We are now being distracted with a media spectacle and a public health crisis to distract from this fact. This is how a zero-taxation economy with rich people and zero rules works. They inflate as a form of taxation. Since there isn’t a monetary standard, every penny that they add to the money supply inflates (taxes) the worker. Since workers aren’t being paid more, they ultimately have their wages inflated away. The party is over. Chronic QE was already a lie. But if you keep the interest at zero and keep debasing the currency, what will happen? Inflation. Your buying power will decrease. Then we lose reserve currency status; then, the vultures come in to pick us clean. The Fed is playing a very dangerous game. It is time for tightening and paying down debt for flunky wars and death. They fully intend to keep the lockdowns going indefinitely. They are to cripple the country so they can give it to their Globalist masters and their oppressive, totalitarian one-world government. That's part of the plan. Forced vaccinations, cashless society, and the Government so far up your butt that it will wave to you every morning while you are brushing your teeth. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. What good does QE do when all the new money creation goes to people who already have, and none of it goes to those who actually need it? The federal reserve should start at the bottom and move up. Not start at the top and moving down, but only a little. The rich are just getting richer as the food lines are getting longer and longer and longer. Feed the need, not the greed Jay. The rich will only save the money or reinvest it, while the poor will actually spend the money on things they need. And this will create more demand and more jobs. All this new money is going to the Stock Market (Inflation). When the Stock Market collapses, the money disappears (Deflation) but stays on the Feds Balance Sheet. So what changes as far as money supply? If the money went to the people, it would help the whole economy and still trickle-up, but, No they want it All, and they want it now. This way, they can cry for more sooner. They Don't Want to Fix the Economy !!! Operation Zimbabwe continues. Money doesn't actually disappear; some people will just end up with more of it, while others will end up with less of it. But the actual money supply remains unchanged during the transactions. So once the money is created, it is not destroyed in the markets. And all this new money created by the federal reserve puts more money into the economy, but when the fed takes it back by selling treasuries, then it goes back to their balance sheet and is no longer in the economy. Then the money supply decreases. And I can't comment on the feds balance sheet since they have two of them. The open one that we are allowed to see, and the secret one that we are not allowed to see. And we can't see it because that is where all of the market manipulations take place. And with the secret books, that is what they will use to collapse the markets when they decide to do so. There is still much more control the federal reserve, and their international elite masters want to achieve over the world of money. And isn't it nice how the federal reserve and our US treasury have merged? So much so that Biden is looking at having Janet Yellen, a former federal reserve chairwoman, as the head of the US treasury. Complete control over our US finances much? Another big squeeze is coming. Never let a good crisis go to waste. Prepare for bail-ins. The Fed does not need a catalyst; the only thing it needs is an excuse. The excuse will be Biden. They'll spend money and unleash the Kraken. Well, the market collapse is definitely coming as soon as Joe enters the office. (That'll be the catalyst & just like that, you're retirement money will be next to nothing!). Printing like that only leads to either a Crack-up Boom or Hyperinflation or both. There is no exit. Lehman Bros was the sacrificial lamb in 2008 - just an excuse to print more money! I'm okay with all this, provided the Fed can also print food, houses, cars, clothes into existence. The pandemic conveniently gave them the excuse they needed this year to print to oblivion! 2021 - could be anything - guaranteed it will be manufactured BS though! At the end of this - your retirement savings won't buy you peanuts; that is the certainty! The Crack-Up Boom we are about to see will make us all Zimbabwean Americans. The FED is the arsonist and the firefighter. In other words, central banks will henceforth fund the entire sovereign budget deficit, which is what MMT and helicopter money is all about - it's only a matter of time before Jerome Powell will join the club, and we expect that at some point in the next 3-4 months, the Fed will announce it too will double its monthly rate of debt purchases. One can argue that the creeping economic shutdowns, first at the state level and soon at the Federal, have just one purpose: to catalyze the next crash. And next bailout by the Fed. Is anyone paying attention to this??!?! Is the gigantic tidal wave I see not too far out a figment of my imagination??? We have been living with an imminent fiscal crisis since 2008, and the ineffective means to contain it haven't changed. What else did you think the motive for the pandemic psyop was? It's to conceal the fact that nothing the bank cartel has done in the last 12 years has worked. We aren't facing an imminent crisis; we are facing imminent collapse. The bank cartel wants to make damn sure they get their cut before it all goes belly up. Of course, the only source is what wealth the 99% still have. So they proceed to inflate that wealth away. The bank cartel is buying up distressed assets for literally nothing—money they created out of thin air. Fiat currency and debt-based economies always fail. ALWAYS! Every time they've been tried. Keep doing the same thing over again and expect different results - Einstein's definition of insanity. Just keep RIGGING the Casino, and NOTHING ELSE MATTERS. The fact is QE is useless. All it does is create Bank Reserves. Which is NOT, despite what the Fed and mainstream media want you to believe, Money Printing. The Fed does NOT create money, the banks do, and if the Banks don't want to create money (through loans) because they see too much risk (because they live in the real world!) and are happy to sit on the excess reserves, which pay a guaranteed risk-free return, there isn't a thing the Fed can do about it. We are still dealing with (not very well) the effects from GFC1 and the continuation of the same flawed Fed Policies, for which the pandemic is providing cover. Will the fed add more QE? Vaccine hope. Trade hope. Presidential hope. The only guarantees in life are death, taxes, and the fed continuing to go brrrrrrrrrrr. Anything else is a waste of time. How long can they keep the plates spinning? As long as Netflix is rocking and there is food to be bought with free money. After that, all the bets are off. Why does the Fed need more debt to buy? The answer is Liquidity. When loans are created the money to service, the interest doesn’t exist in the world. In theory, when money is spent servicing that debt, it pulls larger and larger portions of currency out of circulation. The Fed can create money through QE, but it remains as excess reserves on the bank’s balance sheet until a new loan is created. So really, the inflation will never come the way they want it to until new loans are created, and that ain’t happening. They’re trying to create liquidity to keep the whole thing from crashing into a deflationary heap. It’s a catch 22 for the central bankers. Once you’ve let a Ponzi scheme in asset prices develop, you have to keep propping it up. When it collapses, it will feedback into the financial system. The more you inflate the bubble, the worse it will be when asset prices do collapse. The poor things just can’t win. The central banks are kicking the can down the road for an almighty crash at some time in the future. Things are going to get very nasty at some time in the future; we don’t know when that will be. "Who cares? As long as it wasn’t on my shift. Hopefully, Jerome Powell will be left carrying the can” Janet Yellen. In 2020, the world is a Ponzi scheme of inflated asset prices. The use of neoclassical economics and the belief in free markets made them think that inflated asset prices represented real wealth accumulation. The central banks have to keep pumping in liquidity to stop all the Ponzi schemes from collapsing. When banks have been lending to inflate asset prices, the financial system is in a precarious state and can easily collapse. The central bankers were struggling to keep all these Ponzi schemes going before the pandemic. So this crisis will bring central bank crypto digital controls of everybody that has a dollar, earns a dollar, is on the government dollar tit, and so. Yup, that includes you and me alike. So, this is an opportunity to enter the brave new brave world of digital controls. Are you optimistic of this technocratic 4th revolution coming to humans? It will truly be an out of body experience controlled by trustworthy fellow time travelers. Thanks billy, your billions were helpful. Double QE in 2021. 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Tsunami of Job Losses - Aviation Job Losses to approach Half-Million by Year’s End !!

geraldcelente@gmail.com (Politico Cafe) — Sat, 14 Nov 2020 11:07:00 -0800

👉Tsunami of Job Losses - Aviation Job Losses to approach Half-Million by Year’s End !! Aviation job losses could approach a half a million by year’s end More unemployed, lower GDP, larger trade deficit, higher budget deficit. Millions of Americans have been waiting for Congress to pass another stimulus package that would deliver them financial relief during one of the steepest downturns in history. They’re still waiting. Two critical unemployment programs are set to expire at the end of the year, basically leaving millions of Americans vulnerable to eviction and hunger. And with temporary layoffs turning permanent and career paths derailed, a new second wave could short-circuit an economic recovery that has already lost momentum. The economy is still in free-fall, supported only by people spending their last dimes to stay in houses, feed children, and stay warm. There was NO recovery; we're just as effed as we were when this started - if not more. Our nation is about to see a crash, as poverty leads to desperation and crime. Fifty-four million Americans with food insecurity, this much pain is a spark for revolution. It's hard to have an economy based on consumption when the consumers can't afford to consume. And when Governor's lockdown their states, restrict restaurant capacity to 25%, it's hard to consume when the government doesn't allow it. The longer we go, the more people Zoom, the slower business travel, is going to come back. The airline industry's bloodbath triggered by the pandemic continues. Nine million jobs at risk amid US travel and tourism bust. U.S. airlines are preparing to lay off tens of thousands of workers. Ninety thousand airline jobs are set to disappear by year-end. And another 100,000 jobs at risk. Raytheon to cut more than 15,000 jobs amid airline slowdown. Virgin Airlines announces more job cuts after securing a $1.6 billion rescue deal. United Airlines to cut 16,370 jobs once federal support expires. The US airlines expect daily cash burn to continue through the first quarter of 2021. The situation is extremely dire, with daily cash burn at $180 Million. According to the International Air Transport Association, the job losses in related industries, including aircraft manufacturers, engine makers, airports, and travel agencies, could reach 25 million. The hotels and restaurants sector in America sees 7.5 jobs lost for every job lost in aviation. Boeing and Airbus are cutting more than 30,000 positions. For years, airline business was booming - fuel was cheap, and the airlines stuffed people into ever-shrinking spaces, all the while charging for checked bags, food - and now even carry on bags and choosing your seat!! But as soon as there's a bump in the road, the airlines are the first ones in line asking for government handouts and talking layoffs. Pilots who once were in short supply are now losing their jobs. Aviation job losses could approach half a million in America by year’s end, a report says. US economy is already in the toilet bowl; this might just be enough to flush it down the sewer. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. There are an estimated 30 to 40 million unemployed/underemployed at present. As many as 40 million people who rent are facing eviction, and I have yet to see anyone even address the issue of how many homeowners are either in arrears or about to be in arrears with their mortgage payment. Whole segments of our economy ; like airlines, amusement parks, entertainment, bars and restaurants, etc... are operating at a fraction of capacity and will continue to do so, so long it is not relatively safe to begin returning to normal. The question is, how many months/quarters will that take? 2021 is going to be a very long and rough slog. And still no clue on how to fix the economy once this pandemic is completed....other than annual stimulus packages. The stock market is up. But, it has become detached from reality. When reality does set in, it will be a blood bath. Shortly the wealthy and their corporate entities will be taking their profits out and cutting overhead, which means cutting employees. This Economy is in deep trouble. So get ready America, the Depression is going to get worse. 709,000 Americans filed for first-time unemployment benefits last week, better than the expected 731,000. Continuing claims fell.... well well well..... it’s because UI ran out. The number of people drawing unemployment benefits is not the same as the number of people who are considered unemployed by the Bureau of Labor Statistics. The BLS figure is even higher. And I'll note that people who are independent contractors or receive income from royalties, no matter how small, aren't eligible for unemployment. Unemployment figures do not take account of people not receiving unemployment benefits as they all fall into oblivion. The number of unemployed is the same number under unemployment benefits. Over 20 million Americans remain on jobless benefits. Over 14 million collecting disability. It’s just a matter of time before America reaches full unemployment. Twenty million on some form of unemployment and a 6.9% unemployment rate translates to a workforce of 290 million. Clearly, that’s not right. So, dare I say, the 6.9% unemployment rate from last month is BS. Questions remain about the integrity of the data. Many economists question the official unemployment rate because several million people have dropped out of the labor force and are no longer being counted as unemployed. The size of the labor force is about 3.5 million smaller now compared to a year ago. The U6 rate, a broader measure of unemployment, was 12.1% in October. There's no way unemployment is only 7%, based on how much unemployment there still is in hospitality and other service industries hard hit. And that's not even considering all of the small businesses that closed permanently. How can we lose over 40 million jobs, gain a million a month, and be back at less than 10% unemployment? MAKES NO SENSE. After a set time, people get kicked off unemployment. In some states, it's as little as 17 weeks. When they're off unemployment, they don't get counted as unemployed on some stats. Even if airlines (passenger one) recover by mid 2021, there still won't be an expansion for at least another year or two. No shiny new planes for airlines as they are trying to use up existing assets as much as possible to recoup their current loss. Raytheon will be around thanks to the military-industrial complex (no, don't think for a minute that Biden will reduce that, just too much money and jobs involved), but similar to Boeing, its civilian sector will be a mess for a while. Business travel is already 99% dead and which accounts for as much as 75% of airline profits. Clients not taking in-person meetings, conventions are non-existent... personal travel to see family, special events, concerts, a sporting event not happening...flying is not the problem in itself - it's the lack of destination. International lockdowns and quarantines are choking out the long haul flights. The only market that is alive is sunbelt/Snowbelt getaway routes...bargain-hunting leisure travelers feeding crumbs to starving airlines. It's gonna be a long winter for the travel industry. It's very difficult to change habits when people learn to do without something. People haven't been traveling for a little less than a year now. I don't see that changing even with a vaccine. Business travel is the only way airlines make money. Shuttling the tourists to vacation attractions in the coach is a money pit. Airlines make banks in business and first-class. Companies have learned to do many of the same functions virtually, and their bottom line is much better because of it. Don't expect that to change going forward. And here come the industry welfare gibbme dats.... Airlines will all get bailouts. Airline CEOs will all get bonuses. UBI for everyone!! And we will get to pay for it. MMT baby. The end is nigh. Money for everyone. PRINT BABY PRINT! The deficit for October hit $284 billion....supposedly the economy is recovering? A double-dip( last seen in the early 80s) would send a message to the sheep, just how much damage this pandemic has done to the economy. Don't think you can weather the storm. You won't. If you are losing a job or a business, better have a word with your Mayor or Governor tomorrow. Right now, they do not give an F about you. All the stock prognosticators on tv and online are so happy that Biden does not have control of the Senate and thus can't raise taxes. Gee, that's just great at least two more years of deficit spending with no additional tax revenues coming in. That's the way I think you should all plan your family budget too. Reckless attitudes so that stocks will go up while the red ink makes it more likely that the dollar is going to become worthless. All these people see is their brokerage accounts going up. Do you think they care about the 50% of Americans that basically have meaningless or no stock investment? Get a clue; all of you are being sold down the river of despair. Corporate America doesn't need you anymore. Look at the stock market. The working class could drop dead, and it would still go up. So the government will give you handouts and free prescription painkillers and maybe a free pistol with a box of ammo so you can end it all. Now that the virus is coming back, another $3 trillion will be needed. They are printing dollars funneled to themselves and hoping the rest of us don't last long. This is the new America. The have it alls and the soon to be extinct. Retail industry - replaced by Amazon and automation. Fast food - replaced by automation. Medical - replaced by computers and automation. Truck Drivers - replaced by Automation (self-driving vehicles). Manufacturing - replaced by China and automation. They know you are jobless and broke. That's why they are printing money to keep the rich afloat while they starve you out. You have been deemed a useless eater. Why do we need Jobs when we can print wealth to distribute to them? The lockdown isn't going to be six weeks. It might be six months. All part of The Great Reset. You have to destroy everything for it to work, and I mean EVERYTHING, elections, finances, businesses (more lockdowns coming), medical, borders and the constitution and more, all of it is being destroyed right before your very eyes,the question is, what are YOU going to do about it? 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Biden to add $11Tr to The National Debt --The Fed's Balance Sheet headed to $50Tr !!

geraldcelente@gmail.com (Politico Cafe) — Thu, 12 Nov 2020 12:24:00 -0800

👉Biden to add $11Tr to The National Debt --The Fed's Balance Sheet headed to $50Tr !! The national debt will increase dramatically no matter who is the next president. Both political parties will continue to spend money like drunken sailors. The only difference is the Democrats will raise taxes. Increasing Taxes Is Taking Money out of the Private Sector, which means Tanking the Economy! Trump promised to eliminate the deficit in 8 years. So far, he has increased it by over 70%. Just put the deficit spending on the nation's credit card. Whenever the banks make a bad investment, the taxpayer has bailed them out. Well, guess what. The banks have over 1.5 quadrillion in bad investments waiting to mature. It wasn't just this huge cost from the pandemic; what makes it different is the debt is already at frightening levels, and adding 10% pushed it over the edge. It's no different than managing your own household debt. Once you get close to your own debt ceiling that you can manage, any emergency pushes you over the edge. The huge difference between the government ceiling and a household is the Fed. The household can't print their money, but the federal government can. So they kick the can via the federal reserve. The Fed’s balance sheet may be headed to $40–$50 Trillion. Maybe they can juggle that balance sheet past a quadrillion, all the while scooping up real assets like taking in candy from a baby. Hard drives can keep this jalopy afloat for a lot longer than in times past. Under President Trump, the deficit has remained under $1 trillion each year. However, it is projected to jump to almost four times that in 2020 due to the pandemic spending. Biden would add $11 Trillion to national debt according to a study by The Manhattan Institute for Policy Research. Biden has proposed $2.4 trillion in stimulus spending, as well as $2 trillion for climate and infrastructure, and a $1.5 trillion healthcare expansion. It is estimated that education spending will amount to $750 billion under Biden, which includes a free college plan. The policies he’s proposing are going to add $4 trillion in new taxes, which is the biggest tax increase since the end of World War II, as well as $11 trillion in new spending, certainly more regulation, a higher minimum wage. All of that is going to weaken the economy. It’s absolutely unsustainable. The danger is that eventually, the interest costs will bury us. When you borrow that much money, all it takes is a small increase in interest rates to completely bury the federal budget. And this without counting the unfunded liability, which is also considered national debt. Conservative estimate of the Green New Deal would add 80 trillion in unfunded liability. Then there are the infrastructure programs. We're talking if we're lucky, a total cost of somewhere in the neighborhood of 150 trillion extra in debt, on top of what we have now. And Who has to gain from this huge debt? Of course, the banks that lend money to the government. Ultimately, we’re going to face a reckoning that requires either significant reforms to programs like Social Security and Medicare or a possible doubling of middle-class taxes. There’s really no third option. The worst-case scenario is that politicians continue to pour gasoline on the fire by enacting even more spending, which just accelerates a debt crisis. 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. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where I personally buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. The federal deficit for the fiscal year 2019 that ended last Sept. 30 was $984 billion. It has nearly quadrupled this year to a staggering $3.7 trillion, and this will skyrocket even further if another round of pandemic aid gets passed. These sums — so vast as to be nearly incomprehensible — get added on to the national debt, which as of last week was $27.2 trillion, up 33.6% on Trump’s watch. U.S. debt to exceed the size of the economy The Congressional Budget Office projects a federal budget deficit of $3.3T in 2020, more than triple that of 2019's shortfall, mostly from the economic disruption caused by the pandemic and the ensuing legislative response. In the fiscal year that begins on Oct. 1, federal debt held by the American public is also projected to reach or exceed 100% of U.S. GDP for the first time since WWII. That would put the U.S. in an exclusive club of nations, including Japan, Greece, and Italy, which all have debt loads that exceed their economies. The US has been in severe debt for many years. Nearly two centuries, in fact. And it has been at its worst for the past two decades. The country has been financially destroyed beyond repair. Plunging the US into DEBT Crisis is the ultimate plan. Sure we can service debt at 200% of GDP if the weighted average interest rate is 0.7%; but what if inflation takes a jump and the market rate for ten-year treasuries goes back to 5% or higher. Is the FED gonna print unlimited money to be the exclusive buyer of US debt at yields a small fraction of what the market would demand? No matter who wins the election. If this debt bomb goes off, the end result is the same, third-world chaos leading to some kind of dictatorship and a monetary reset. The plan is to push through the digital currency and introduce negative interest rates. The questions we should all be asking ourselves at this point are: Are we ready for a digital currency? Does this mean this is going to be world money? Will the dollar become a local currency? And the answer to all these questions is yes. The International Monetary Fund has been using Special Drawing Right (SDR) as a form of world money since 1969; it is potentially a source of unlimited global liquidity. It is being speculated that this currency will become standard for international transactions such as the exportation and importation of goods, and it will assume its role as a protagonist on the financial market, leading to the devaluation of local currencies. Especially after the dollar had been overthrown, it is expected that the SDR take over the position of a global reserve currency at some point in the future. Digital money has been the establishment’s pet project for a while, and now they’re finally going to find a perfect gap to fill in with their agenda because it is likely that this currency never is actually printed but transformed into a worldwide virtual coin. Usually, monetary resets are planned to happen in the space of 30 to 40 years, but we’re going on our 50th, which means we’re falling behind, and we won’t be able to keep up. But don’t be mistaken: this currency will only be handled by leaders and big figures, which will leave us with worthless dollars if we don’t start to invest right now in our own wealth protection, such as the purchase of gold. It is only a matter of time before the devaluation of the dollar hits up to 80%, and this can be a dead-end for our life long savings. The only time the national debt was ever paid was 1835. Financial experts tell us that a country whose national debt to GDP ratio is above 77% is considered to be in default of payment. The USA has been over a 100% debt to GDP ratio since 2013! There is a good reason they want a digital currency; they can manipulate the numbers better to lie their backs off! The government is an ever consuming black hole that only takes and never gives! The FED is a fundamentally stupid idea; it can't be fixed, only ended. Here's a better idea: the Federal Reserve is the ONLY ENTITY that the Federal Government should be Taxing and no one else. We, the people, are not being represented. We are not being heard. We are not given any options except to watch in frustration as these criminals destroy our economy. If you believe this is true and you are in the stock market, then get the hell out and take no part in this shameful bubble the bankers have created. Why should asset managers on commission worry about the national debt. They only worry about their commission. The truth is they cannot continue QE, no matter what anybody thinks about it. Their only real remedy is the mass human death of anyone who is drawing or going to draw on a pension/retirement plan. That is where they will reduce the deficit by removing the unpaid liabilities and entitlements. Yes, you may say all debt is fiat money created out of thin air. Only one problem with that, and it has to do with when lending banks take broken defaulted bonds and submit them to the Fed, and have the ability to declare them up to 9 times their worth, or face value, and then, turn around, and offer you that credit card, where as you use it,it's creating that money at the point of sale, instead of you coming in and sitting down with a bank officer and signing on a loan that does it, allowing you to walk out with a check. Different delivery methods, same concept. Debts and deficits don't matter, until one fine day, they do. How did you go bankrupt? Two ways, Gradually, then suddenly. It's a Minefield; if you own rental properties, they will confiscate it for the masses; if you own physical gold or silver, the government may confiscate it for their new digital currency. Social security is likely to not be paid or more likely paid with a worthless currency, the same with pension plans. You may try to own stock in depression resistant companies, but is a minefield as well. In short, few commoners do well in a third world republic. But know, the last thing the elites give up is private property and business. Tie yourself into a local economy with needed business activity. Interest rate shall artificially depress for the next decade or two or even into infinity as the US is at no meant to pull itself out from the debt addiction. Everyone who read not from the mainstream media could figure out this is a bankrupt country. FED prints dollars and pass it on to the treasury. The only reason a hyperinflation is not happening like what we witness in Zimbabwe is because the US dollar has the reserve currency status. However, we also know that many countries are working to bypass this and eventually abandoning using the dollar for trade. The whole effects would surely make everyone who holds this currency nervous, and eventually, the trick of MMT will come to an end. There is a tipping point when our lies will push the US dollar off of its historical position as the world's currency. On the day that the last lie pushes the dollar off the top, our GDP will go down by 15%, and this will cause an uncontrollable spiral downwards. Words matter, the truth matters, we will never make a responsible budget until the lies and selfishness stop. 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Citigroup and Goldman Sachs Dump the Dollar -- Inflation + Weak Dollar = Big Trouble

geraldcelente@gmail.com (Politico Cafe) — Tue, 10 Nov 2020 11:37:00 -0800

👉Citigroup and Goldman Sachs Dump the Dollar -- Inflation + Weak Dollar = Big Trouble Dump the dollar: Citigroup and Goldman Sachs warn! Inflation + weak dollar = big trouble The US dollar is likely to weaken further with Biden presidency, Citigroup warns. “Victory for President-Elect Biden means a return to more conventional governance. As the province of the President, it will result in a major shift in the way foreign policy is conducted. Alliance building will return. ‘Tariff threat first’ negotiating tactics will end,” the bank’s chief investment officer David Bailin, and Steven Wieting chief investment strategist and chief economist wrote in a note seen by CNBC. Goldman Sachs from its side is recommending short positions against the dollar, arguing that the risks arising from the vaccine trials and the US presidential election are skewed to the downside for the greenback. Weakness in the dollar is mistrust for American economic policies. The dollar is down to 62% of the global reserve currency from 75% years ago. This next round of stimulus should bring the total stimulus to around $10T. That's creating $10T out of thin air. How does the value of the dollar not decline precipitously? The Fed has wrecked everything in the worship of Wall Street. With all the Fed's new liquidity in the system and junk debt to levels never seen before, the assurance of historical patterns is a stretch. The dollar devaluation and inflation will conveniently come to the rescue to reduce the mountains of public debt. Yes, but that means interest rates will rise significantly. We can't borrow money at zero if the value is dropping. The drop in interest rates back near zero is the greatest single factor weakening the dollar. With interest rates below the rate of inflation, holding dollars and Treasuries are losing propositions since they can't keep up with inflation's eroding effect. The outlook for the dollar then, depends on how long interest rates will remain below the rate of inflation. And that seems to be for a very long time. The last time rates were lowered near zero, they remained there for eight years (late 2008 to late 2016). In turn, the outlook for assets priced in US Dollar : (stocks, commodities, and even Bitcoin) is once again exceptionally positive. Rates will eventually go back up under the pressure of inflation and devalued currency. Only good for gold investors! Like many assets, real and financial, commodities like gold can be used to hedge against Currency Debasement. The Dollar will decline or even collapse because of the exponentially growing US National Debt, which is currently at $27 trillion! And will be $30 Trillion on 1/20/2021 during the new president inauguration. I think the US debt is already well beyond $30 trillion. There's evidence it's many times that already. Countries are wise if they use the soon to be worthless US dollars they have in reserve to buy something tangible. The smart money boys are well aware of such realities, so they would be already reflected in the dollar. It is America's colossal debt that will bring down the dollar. Wiser minds than mine have said there are three ways to deal with the debt. 1)Cut expenses/raise taxes and try to pay it off. 2) a debt jubilee where the debt is repudiated. Or 3) inflate our way out of it. I don't think we have the political stomach to do #1. There are some real economic consequences with #2, losing reserve currency status, maybe some very unhappy countries holding our debt, etc... And #3 is like a thief in the night. Inflating the dollar will never be enough in paying the debt back because from the consumer economy perspective -- the loss in buying power and value comes out of their savings and discretionary spending. There is generally no substituting of foreign manufactured goods for domestic ones for two reasons: 1) There are almost no domestic goods produced. US manufacturing is less than 11% of the economy and less than 8% of employment - and those numbers are pre-pandemic. You can halve them now. 2) The cost of foreign goods is from 4 times to 10 times less expensive than similar produced US goods - where there are any. Other than a total collapse of the US and the global economy - do the economics of US manufacturing ever become competitive with foreign manufacturing. Centers again. I'm expecting the total collapse scenario actually. The fiscal math, and human nature, take us there. What happens during/after that is anyone's guess, but it ain't pretty. It is the real market response after printing 4-5 trillion paper dollars without any improvement in US products. We will see a crash in the stock market too. Weakening the US dollar is bad for equities simply because overseas investors will shun the dollar, there's no point to make 5% capital gain on equities then to lose it to the exchange rate, due to the weakening Dollar. That's really bad for equity market! During that last stimulus injection, corporations were expected to do stock buybacks; that is the reason we see the market indexes hanging very close to the same price for most of a trading day when the corporate welfare stops flowing, that is when the markets will start moving toward a natural valuation again. And when our money printing white house keeps diluting the value of the dollar because of the trade war with China, the only place bonds can go will be negative. If trade war keeps happening and stimulus stops for treasury bills, the dollar would probably collapse, or maybe that has been the plan all along coming from executive leadership in this country. There is absolutely no reason to buy treasury bills and bonds in this country, and it's only a matter of time before we see inflation going nuts with what I expect to be over a 33% devaluation of the American dollar by year-end. 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, as many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where I personally buy American Silver Eagle; and Silver Bars or Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. What should be kept in mind is that the Dollar Index is a measure of the Dollar's Value against a basket of other currencies. Those currencies are also getting debased by their respective sponsoring Central Banks. So the dollar, on average, is getting debased a bit faster than the average of all those other currencies; that’s the only thing a dropping Dollar Index tells you. The declining Dollar Index does not tell you how quickly the Dollar is actually declining. It could actually be declining much more (or less) quickly than the Dollar Index is declining. It depends more on whether those other Central Banks are actively debasing their own currencies or not, at any given point in time. Against real assets, the American Dollar may actually be declining even more rapidly than against the basket of currencies used in calculating the Dollar Index. Printing without any solid back up devalues the currency. So everything becomes more expensive naturally. For now, the commodities in America have not become more expensive because the goods are subsidized by the government with taxpayers' money (not the bankers). it won't be long; printing too much money out of thin air is a true recipe for disaster, something the US has been doing in the last years. The crack has already appeared in the pipe. This is why they need to pump more and more water into the pipe to maintain the pressure as the crack widens. It won't be long now. There are simply too many dollars worthless wandering around in the world. And if it comes to the point that the US has to use its Military Power to maintain the value of the Dollar, then we're no longer in the market economy system but in state-sponsored "Extortion"-- and you can be assured other powers will do exactly that same; just as the Soviet Union used to do with the Eastern European Bloc during the cold war. A weaker dollar benefits exports and exporters but raises costs for imports and importers. Since the US imports far more than it exports, this can possibly turn into a downward spiral with no exit .It benefits fossil fuel production but adds to the costs of renewables .And it encourages foreigners to sell any US investments or debts.And can lead eventually to the rest of the world abandoning the US dollar as the reserve currency . But other countries are debasing their currencies as well. Don’t forget that the Dollar Index is a measure of Relative Debasement if you like. It is not an absolute measure against some imaginary stable, fixed value. If virtually all major nations’ Central Banks are in competition to wreck their currencies, why should American money lose its WRC (World’s Reserve Currency) status? The current loss of the Dollar Index just measures the fact that the American Dollar is presently losing its value a bit more rapidly than the average of those other currencies. Soon it could be those other currencies that are being debased more quickly against the American Dollar. It’s a race to the bottom. It doesn’t mean America will get there first. A falling dollar means rising inflation. AS the dollars are falling, that means imports are going to be expensive ; in other words INFLATION. More than half of all raw materials and intermediate components for US manufacturing are imported. More than half of US crop NPK fertilizer is now imported. This means that US manufacturing goods and food will necessarily rise in price with a weaker dollar. The US services industries' prices, not so much. Consequently, service industry payrolls will not rise or have as much buying power. Net/Net - US consumers will have less to spend - most especially less discretionary income. Couple that with added consumer medical costs from a pandemic that is far from over and 20+% unemployment, and the US economy is in a downward spiral regardless of what equities do in the short term. Sooner or later, the lower-income, income value and lower consumption will impact equity markets. At some point, the FED will have to show how and who will pay off the trillions of US debt it has created .Which means increased taxes across the board from individuals to corporations. Ironically, the US export won't get any benefit from the weaker dollar, simply because most US products and services are "High Value-Added Exports," they will sell well regardless of the exchange rate of the dollar. Never before has so much fluidity been pumped into the system, so past experiences are irrelevant. The one irrefutable truism is that when you have a surplus of something, its value declines. Of course, everyone is in the same boat, so the value of all currencies will decline, ergo tangible things will become more expensive for everyone. This can't necessarily make stocks go higher if the world is tipped into a depression, but stocks represent ownership of tangible properties, so they definitely will command a higher value relative to the declining value of the dollar. The bottom line, the wind is at the back of higher stock prices. The market isn’t raging; it is the dollar that is falling. 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉The Future is : More QE,Stimulus,Debt,Deficit,And Money Printing Until The Dollar is Totally Toast

geraldcelente@gmail.com (Politico Cafe) — Sun, 8 Nov 2020 08:48:00 -0800

👉The Future is : More QE,Stimulus,Debt,Deficit,And Money Printing Until The Dollar is Totally Toast The greatest bubble of all time Dollar made a new low but gold is far from a new high. More QE, Stimulus, Debt, Deficit, And Money Printing Until The Dollar is Totally Toast The USA is going to get a bigger government, bigger debt, and a bigger QE program regardless. QE will continue no matter what. When you consider the hits the financial system has taken since 2000 and the fact that we will surely have nationwide lockdowns, the fact that congress doesn't even care now that they are good for a few years, it may be prudent to sell all your stocks and wait for the rainy season to pass. We have a contested national election, inside of an economic depression ,inside of a National Health Emergency Declaration. The new president will face significant economic and social problems. He will be getting the talk from someone at the Fed or treasury to tell him how dire things are under the hood in this country, probably over the next couple of months. And of course, the market can only survive on more stimulus. It’s life support, and the priest is waiting in the shadows to give last rites to the United States; today, the priest faintly came out of the shadows. Still, a long way to go before the rosary is on the countries chest. I don't think past (years) market performance is representative of the future market outcome. The more money the Fed prints, the harder we are going to suffer in the long run. The dollar is absolutely toast from here. The dollar made a new low, but gold is far from a new high. The pie is shrinking. One last burst of inflation to skim the remaining cream. Market surges as fed ramps up QE to exponential levels of lunacy in an effort to stave off the inevitable nation-ending collapse , just a little longer. Wallstreetbets isn't my style. I'm out. We have an economy based on spending borrowed money. That cannot last forever; economies have to be based on savings and investments. Americans need only use the dollar the way that it was ultimately intended to be used. Debt-free transactions that support real economic growth will create market balancing and an easy road for servicing and maintaining the management of existing debt and future debt. Fact: There is no greater generator of real economic wealth than real economic growth. Because of high living cost issues that are fueled by inflation, this is exactly why inflation is so bad for the poor and middle class. Even upper class but less, so. It robs everyone as purchasing power is eroded, and economic activity is cannibalized one day at a time. We're seeing it. The blowback has arrived. The free market can now reverse the issue, however, because the free market has been granted the only stage to do it from. We simply need to do it. The bread and circuses will go on because the Empire's population demands it. Coming soon, Universal Basic Income, free health care, free college. But it won't be worth a damn. Jerome Powell just said they would put the tools away as soon as the emergency is over. Just like the last time after the financial crisis. Nevermind, they pulled those tools back out in late 2019 before. The bottom line here is the Feds cannot stop printing money; once they do, it’s GAME OVER in Wall St and the global economy. The economy is barely functional once you pull back the curtain. The Fed must print and print. There is no choice except bread lines that would make the great depression look like paradise. The elite doesn't want to be hung from lamp posts, so they will print. If you are a trader, follow the leaders. If you are an investor, buy what's been trashed. Market surges. No matter what. If 57 million Americans out of work, empty food banks, contested elections, looming lockdowns, no stimulus, and a real estate foreclosure list 20 miles long aren't enough, then nothing is. I would think of thought we would back to 22000 by now, at least. Might as well make money on calls while we swirl down the drain on higher prices and never-ending socialism for the Dow Jones. Biden won't change a thing cause QE was literally created and approved under Obama. At this point, a city-sized asteroid impact would probably be shrugged off by traders as "better than anticipated," and the Fed will just further increase liquidity. If the market had any correlation with Main Street, it would already be in the gutter. The market numbers are so corrupt, pure kabuki for a long play, fun for the young on the short play. Sometimes it's best to walk away from the table for a while. Just like any junkie, they always need a bigger dose. And like a junkie, their addiction finally kills them. The crash has arrived come January 2021; it would be a roller coaster crash for the digital money introduction. The plan is to kill the dollar. The Federal Reserve Notes will be killed, and that's what central banks are doing, issuing the preprogrammed software they call Central Bank Digital Currencies, to usurp the powers of national governments worldwide to become a global government. 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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. The decline is accelerating and will go exponentially over the next five years. The ONLY way to survive the coming onslaught is to move OUT of the big cities or their suburbs and move to the country. People are just not taking the implosion seriously enough, but the reality is the country is broke, and ALL the institutions demand funding are going to have to learn to go without. The party is over, and there is NOTHING to fall back on, least of all an educated workforce that doesn't exist. The government has stimulated this economy into a gigantic ditch; they aren't going to get us out by digging it deeper. A stimulus check goes out, and people have money to spend, but where did that money come from? There was no added productivity, no more output, no more products or services were created, no jobs were created, no factories got built. Just passing money around doesn't lead to growth. If that was the solution, all of our problems would be solved already as the Fed could just print a salary for every American to stay at home. Money printing does NOT stimulate the economy. It creates an Off The Chart Inflation. As long as there are Fed and a ruling oligarchy, there is a path forward with no cash in stock prices. It leaves the rest of the country broke and miserable, but no one making the decisions really cares about that. You cannot stop QE anymore. We are way beyond that point. If we stop it, it all collapses now. If we do not, the mother of all bubbles -MOAB- will be a guaranteed blow over a short period forward in time. The US democracy's credibility has been lost the past few days. The rest of the world is watching the voting debacle, which looks very suspicious, to say the least. The dollar will get a hit now that the rest of the world is starting to view the US as a banana republic. If you look at the US balance sheet, income/expenses. They are essentially bankrupt, and the only thing keep it going is the FED money printing. If that stops, then the US is bankrupt. It’s only the dollar's privilege that is giving the US the power to hang on. Our Elite Overlords know they are screwed. The only option -to keep the power- remaining is a planned economic destruction on a world scale—the great reset. The perfect tool to do this are lockdowns; the economic tissue dies rapidly. It's all planned destruction. The war on the middle class continues. The Fed has done nothing but enriching a handful of hedge funds and daytraders. 4O1 Ks are a joke and inaccessible. They will be worthless in 20 years, so add as many zeros as you want to your statement. The day of the Rake is coming. The day when you wake up to 25 rate hikes because inflation is spiraling out of control. Weimar Republic momentum on steroids. When SHTF, all assets will be vaporized in seconds. Then the Great Reset will be presented to you as the remedy. Between these two key events, there might be unpleasant moments such as lockdowns, civil unrest, mass starvation, riots, civil wars. of the biggest risks that market participants may be ignoring is the potential for economic stagnation." Stagnation will evaporate profits on every level of corporate earnings. If the general population closes its purse (as it has now looking at M1 velocity), taxing ability dwindles, local and state governments cannot meet payroll or retirement obligations, layoffs commence, and the negative feedback loop begins in earnest. I am having trouble looking at a five-year horizon that does not include a radical systemic change in finance structure, as the financial markets very existence is not dependent on the investor class as most seem to think; its success is wholly dependent on a fully functioning economy and everyone spending, even spending money they do not have via debt. Investing in continued chaos perpetuates the chaos. And I know of no historical precedent where prolonged chaos suddenly calms, and prosperity evolves for everyone. Betting on a great set of rolls on the craps table is a temporary strategy; the streak always has, and always will, end. Spending stops, revenue falls, margins drop, layoffs commence, spending drops again. Stagnation becomes deflation. The final burst will be a planned event. The actual system of ever-increasing debt and perpetual QE is already a living dead one. When one major central bank blows, it will sparkle a chain reaction, domino-like; nothing will be able to stop it. Adding more QE won't work; it will only add more fuel to the fire. The world-scale lockdowns aim to make people obedient and submissive when it will happen. When ashes fall over -after a certain period of an economic wasteland- they will show themselves as saviors with their GREAT RESET. The neo-feudal Orwellian post-Sovietic Super State. This tyrannical, Transnational State will provide digital currency, digital ID with health record, real-time tracing. Cash as paper money will be permanently banned. Privacy will be nuked. The word itself will disappear. We are in this process. The old tricks will not help anyone, even the financial one. Society, as we knew and define it, will be part of ancient history. To make a historical parallel, we live in the late phase of the dying Roman Empire. Common sense says that Americans have been living way above their means for the last 35 years due to spending future money for the next many years. ( 27 trillion debt and 7 trillion money printing). When it turns, Americans will be living the next 50 years way below their means. People over 60 don’t care because they will be dead during that time. People under 30 will be living their whole lives paying all this socialism back. Everything is now going to break. Everything. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉The New President will Face a Massive Debt Crisis like no one other.

geraldcelente@gmail.com (Politico Cafe) — Thu, 5 Nov 2020 07:18:00 -0800

👉The New President will Face a Massive Debt Crisis like no one other. The New President will Face a Massive Debt Crisis like no one other. Although the American people remain eager to be persuaded that a new president in the white house can solve our problems. The truth is, no matter who wins this presidential election, he will face a massive debt crisis like no one other. A crisis that could dwarf what we experienced in 2008-2009. The policy of attempting to create a bigger debt bubble as a remedy whenever the previous debt bubble starts to implode can only go on for so long. Eventually, the chickens come home to roost. If you print fake money, to the tune of $14 Trillion, you aren't saving an economy; you are destroying it. Debt is never a sustainable product. Inflating our away, as we did after World War II, probably won’t work this time. They cannot inflate and have low-interest rates at the same time, only if they buy all their newly issued debt because no one else will. This debt is not going to be repaid or inflated away. The can will just be kicked down the road. The Treasury already twice researched issuing 50-year and 100-year bonds, and the demand was not there in sufficient size to warrant issuance. The government will raid the 4O1 Ks for the common good. The satisfying shall come in the form of more taxes, more inflation, and more serfdom, Of course! The Fed policies will continue under either of them with no changes. Keep printing trillions until the US currency is worth nothing. Because the Fed answers to no one. At least no one that normal people know about. Today we have the highest levels in the history of deficit and debt. A whopping $82K per citizen, $217K per taxpayer. And another 2.17 million when you include Social Security debts. Off the books, of course. They don't want you to know about those. They almost have us where they want us; as perpetual debt slaves. Any sane person understands you don’t borrow your way to prosperity. Borrowed money always has to be paid back. This is an unsustainable path and one to watch closely, despite the optimistic assurances of the mainstream. Banks' only real product is debt. Bank loans create money and can give the illusion of economic success, but claims on future prosperity are building up in the financial system leading to a financial crisis. Bank credit effectively moves future spending power into today, and this illusion leaves an impoverished future when the debt is paid back. If you know how banks really work and what real wealth creation is, you won’t get fooled, but policymakers didn’t. Debt, by itself, when used to produce prosperity, is NOT, and has NEVER been a problem, but when debt is the reason for pauperization, additional debts, without liquidating or reducing very significantly, a prior debt, is not only insane but suicidal. Mainstream economics ignores the bigger elephant in the room; debt. Government debt does matter though, when you take the total yearly interest paid on government debt and divide it by the number of taxpayers. We are approaching the end game when we see the FED pump massive liquidity into the banking system. This debt bubble is going to burst soon. 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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. Corporate bankruptcies are already surging in the US, and many overleveraged small businesses are simply shutting down. When the debt pyramid does collapse, actually writing off bad debt will be a painful process for the person, business, or institution that holds the paper. It is important to consider how this will all play out or shakedown; this is yet to be determined, but the ramifications remain powerful. The growth of debt moves us down the path towards a Minsky moment or what might be viewed as a liquidity trap, a term that can be baffling and difficult to understand. A Minsky moment is when the debt pyramid collapses. This term has been used by Allen Greenspan and a few others; it represents a huge problem for the economy. It can take on several forms, but sooner or later, most of them tend to lead us into one of several possible self-feeding loops that disrupt the flow of credit and impacts the real economy. The debt that is written off takes something with it when it leaves this world, and that is the wealth of someone else! It is important you make sure you are not that someone else. Debt forgiveness is how they force people into the system. When this happens, the only safe place to store wealth will be in tangible assets, and the only lenders will be those who print the money that nobody wants. History shows that at some point when inflation begins to exceed the rate of interest paid, people start altering their buying habits, which can create a self-driving feedback loop. Private equity firms are using debt leveraged buyouts to acquire companies and asset strip them. Possible reactions: The neoliberal – They are making loads of money; this is great. Someone with a modicum of common sense – This sounds like a really bad idea. Someone who knows what real wealth creation is - There is no real wealth creation taking place here. Neoliberals have confused making money with creating wealth. Banks make the most money when they are driving our economy into a financial crisis. On a BBC documentary comparing 1929 to 2008, it said the last time US bankers made as much money as they did before 2008 was in the 1920s. Bankers make the most money when they are driving your economy into a financial crisis. The bankers loaded the US economy up with their debt products until they got financial crises in 1929 and 2008. As we head towards the financial crisis, the economy booms due to the money creation of bank loans. The financial crisis appears to come out of a clear blue sky when you use economics that doesn’t consider debt. The economics of globalization has always had an Achilles’ heel. The 1920s roared with debt-based consumption and speculation until it all tipped over into the debt deflation of the Great Depression. No one realized the problems that were building up in the economy as they used economics that doesn’t look at debt, neoclassical economics. Not considering private debt is the Achilles' heel of neoclassical economics. The debt monster will lead to the collapse of this rotten monetary system through the Great Stagflation as money seeks a home. It is going to be a chaotic unwind as no one country can impose a new Bretton Woods on the rest. Trade imbalances will have to be settled in gold, hard assets, or at the point of a gun. Congress created too much federal debt, and since the Board Of Governors of the FED are appointed by the President and confirmed by the Senate, who really controls the FED. Because Congress created the debt monster and still does, the Board Of Governors was simply told by the politicians to force rates low, so the government can reduce its servicing costs. Because of low rates, everyone borrowed from homeowners to corporations, and the FED cannot force banks to lend, nor can they force consumers and businesses to borrow. The FED is trapped as they cannot raise rates on their own as not only the US government would have difficulty servicing debt but states local governments, consumers, and businesses. Back when FDR was spending massive amounts of money on the war and his social programs, interest rates started to rise, and he simply called in the FED and, in no uncertain terms, told them to cap rates, which they did. It is like Johnson during the Vietnam War when he will tell the Bureau of Economic Analysis at the Commerce Department to change the GDP numbers as he demanded to know what they were before they were released. Also, Congress in 1913 needed a way to help fund the war and changed the FED's mandate from buying only short-term commercial paper to buying treasuries and government agencies' debt. The FED follows the mandates set by Congress, and the Board of Governors carries out that mandate. The FED cannot print money out of thin air as so many believe, and they have a few tools to make conditions favorable or unfavorable for banks to lend and the public to borrow, but again, the FED cannot force banks to lend to the public to borrow. They can lower rates, lower bank reserves, or increase bank reserves held at the FED, which banks can then borrow against. The FED uses QE to take assets and liquidity from banks, and banks simply have their accounts credited held at the FED by digital-like IOUs, which they cannot take out and spend or loan but only borrow against. As long as it sits there, the FED pays banks currently .1%, and QT is the reverse. Banks are not lending and creating money and liquidity, and the FED is removing assets and liquidity with QE. As existing loans are paid down, and now new liquidity is created, this created Monetary Deflation. The actual amount of liquidity in the real economy though, has nothing to do with inflation as it is caused by an increase in the velocity of money, and this is caused by consumers and businesses having confidence in the future and spend more and save less. No confidence; the reverse is true. The velocity on money has been decreasing for over a decade with spurts when Congress lowers taxes or recently the past six months stimulus by creating debt. If this money is used to pay down debt or just to survive for consumers and businesses, this does not create inflation as this does not expand the growth of the economy like buying cars, homes, remodeling, or just buying stuff. With all this going on, the Federal Reserve Economic Data shows the economy, for the most part, contracting as there is no new money being created, nor does the public have confidence in the future. So who really is responsible for the debt, consumers that borrowed and businesses to expand the economy or to just survive, the FED that lowered rates so the US government could service debt or Congress who created the debt? Regardless , we are in a debt crisis as more debt created by Congress, including stimulus and banks, actually is harmful, and stimulus only lasts two quarters with gross government and public estimated 2020 405% GDP and gross government estimated 127% GDP. As the FED moves rates closer to zero, their power to control diminishes. This is why starting in 2021/22, we have the Monetary and Sovereign Debt Crisis, and the Pensions Crisis all rolled into one. Extremely low rates have blowback no matter who is at fault, and this is how China becomes the world's financial center post 2032 as the west in general collapses from its own monetary and fiscal policies, massive debt, the coming massive tax increases, and new taxes to pay for it and massive social obligations which none of this can ever be repaid. This is why the US and the west in general, are desperate to create central bank digital currencies per the World Economic Forum agenda, which as the models also forecast, will all fail, but the damage until stopped will be devastating! The FED doesn’t respond to The US Government. It is a private hold entity bank and institution within itself. And so are other Central Banks around the world within a system itself. Some have a hard time understanding this, but I say before -- -bankers are the liaison to different, much more powerful people. Sounds harsh, that is reality. They want people to spend money on illusion; meanwhile, they are grabbing your wealth without you even seen it. Beast operates in many different ways. You need to see what's coming and how to prepare for it; if you don't, then you'll be blindsided! This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉UBI, Nesara, Gesara, and Global Digital Currency to be released after Davos Great Reset Meeting !!

geraldcelente@gmail.com (Politico Cafe) — Mon, 2 Nov 2020 10:38:00 -0800

👉UBI, Nesara, Gesara, and Global Digital Currency to be released after Davos Great Reset Meeting !! UBI, Nesara, Gesara, and Global Digital Currency to be released after Davos Great Reset Meeting !! In our near future: Universal Basic Income, Zero Taxation, Digital currency, digital wallet, a vaccine passport, and a social credit system. Sounds like a real paradise on earth. This is the End Game, the great reset; A New World Monetary Order. The Big Tech to replace the Big Banks. A one-world digital fiat currency, owned and controlled by the elite who actually run the international banking system, which in turn runs the central banks of the world, including the federal reserve. Monetary policymaking will be shifted from the hands of the sovereign governments and into the hands of this international banking elite. But before that all takes place, they will have to collapse the world's stock markets and the world economies in order for us to have no other choice but to beg these international banking elites for a bailout. And they will make us an offer we won't be able to refuse. Accept our one-world digital currency, and we will bail this world economy out. Expect the greatest market and economic collapse our world has ever seen. My guess is this is planned for 2022. Out with the US dollar, and in with the one-world digital fiat currency. Mission accomplished. The governments of the world have to move to digital their is not enough source material to print cash. The new slavery will be much worse than the current slavery. I am personally not sure yet if it’s a complot or a sign of the times. What I do know is that I see governments becoming more and more penetrated from all sides, year after year. It seems like almost nothing can stop it: higher taxes, more data, more rules, less privacy. Check out the latest Twitter video of the World Economic Forum, where they project the future: “you will own nothing and will be happy.” They are just forcing us into obedience and abolishing private property, and privacy is a necessity for that. NESARA and GESARA are about to be released. If you take the debt forgiveness or whatever funds they offer, it’s a trap. One world government, economy, and currency are about to be forced (yes, forced but accepted by most) in the world. Anytime anything is forced, it’s not good for mankind. The Bible calls them prophecies and future events. Something big coming soon, and you will be forced to make a decision. Whether to take the mark of the beast or not. The move towards digital currencies is part of the World Economic Forum's Great Reset, and the consequences of it are enormous to anybody with savings or cash investments. Negative Interest Rates and planned inflation. How long before banks charge a monthly fee to hold your deflating digital money? The IMF SDR digital currency is likely to become the global reserve currency, initially replacing the dollar for international trade. After it's settled down and bedded in, it'll be expanded to become the global digital currency step-by-step replacing all other national fiat currencies. At that point, there will be no fiat paper cash, only bits & bytes on a bank computer. In the US, this whole process is totally under the control of the Federal Reserve, and it hardly matters who wins the US presidential election; it will happen regardless. This takeover of money by the globalist banksters is only one of many items on the Great Reset things-to-do list. The ultimate aim is to introduce global governance, but you can't have global governance without global money. The EU realized that years ago and introduced the Euro. So what is the real truth on the Nesara/Gesara acts? Nesara is an acronym for national economic security and recovery abomination; erm, that’s supposed to be act. Allegedly, this act was passed by Congress and vetoed by the Bush administration. Gesara is an acronym for global economic security and recovery act, but it is still an abomination. The NESARA/GESARA Acts and Currency Reset. The National Economic Security and Reformation Act (NESARA) is a United States government policy introduced to Congress in 2000 and passed, but kept under wraps ever since. This economic reform act is intended to bring fairness and wealth exponentially. The bottom line of this business is that both Nesara and Gesara serve the elite best because they would pay fewer taxes while everyone else would be much more susceptible to tax creep such that they wind up slowly paying more and more taxes over time. While the elite and corporations continue to benefit the most. The trick will be to con the public into voting for it or allowing their elected representatives to pass it. Presenting the entire business as something opposed by the Bush administration is a sneaky trick because reactive liberals will automatically think it must be good for their side if the other side doesn’t like it. In the USA, the rich know damn well that Nesara will ultimately benefit them disproportionately; only the elite will benefit more. Everyone else will feel a little relief at first to let the hook sink in, then slowly be taxed until they revolt or else surrender from an apathetic lack of the political power or will to change anything. The biggest benefit of this plan to the elite will be tax creep. If the taxes slowly go up over time for some of the various necessities of life in order to pay for more infrastructure improvements, better schools, socialized medicine, and so forth, then the voters will buy-in because it will only be a few pennies, right? So tax creep will be inevitable. The creepy law-makers in charge of drafting these measures will justify placing very tiny taxes on things everyone needs because that will raise a lot more money than unfairly taxing luxury items that only a very few rich people can afford. After all, the rich aren’t benefiting from these taxes as much as the rest of the public; they can afford all the stuff they need on their own, so why should they have to pay? The system is broken. Politicians always create a loophole system that they can get around and use to their advantage. Nesara and Gesara are abominations, plain, and simple. Or nice cuddly teddy bears if you are very, very rich. Enjoy! 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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. Americans fared well before the US Dollar became the world reserve currency. Now, three-quarters of a century later, we are facing the same wipeout as the English in the 1940s when the bankers pulled the pound and gave the US dollar world reserve status. The US had a consistent positive balance of trade before Nixon took the US off of a gold standard, and the modern US Dollar debt Ponzi got rolling and a consistent negative balance after. These Davos elites get together and congratulate themselves that they are only doing what is necessary to save the planet from us dirty, slovenly, undisciplined, and selfish freaks. They have a plan - Create a crisis which will derail what's left of the world economy, sending people back into a tailspin of poverty and starvation. Those at the bottom will be wiped out again - as is usually the case. Those who survive will be terrified and cowed - they will submit easily to the might of the armed forces, which are being drilled in lockdown, curfew, and martial law tactics as we speak. The media is used (as always) to spread fear and panic. Anyone that believes in Universal Basic Income-UBI has never been on Welfare or the politically correct Social Assistance where one does not even get enough money to eat, let alone clothe one's self. Universal Basic Income is merely the buy-in phrase utilized to dupe the great unwashed masses into believing that there is something in it for them if they consent to the overarching control system imposed by the same cohort of elite Finance Capitalists that just appropriated all of the wealth of the working class for the last half-century since Nixon closed the gold window temporarily in 1971. Nixon was dishonest, and so is Jerome Powell et al. Life never changes, but people do become less educated over time if governance wants them dumber than dumb in order to fleece their pocketbooks, bank accounts, and savings regime. Never trust a banker or a politician as they work hand-in-hand via legislation to appropriate your wealth so that it is transferred to their bank accounts and not your own. Over my entire lifetime, all gains in disposable income have gone to the .001% and not to the working class serfs that have no grasp of how bankers steal their money business quarter by business quarter in perpetuity. Why is the US going down the pan? A group of private bankers managed to get control of the right to issue money in the west and have so badly abused this right that the middle classes are being exterminated, and a single bankster led group now owns 96.2% of all major corporates and earns 80% of all income, and the answer is to leave them in control and restructure. How about the challenge coming from China, where thanks to them having a public banking system, they do not have to cope with a giant parasite sucking their wealth away and only need to be patient and wait until the parasite kills the host to assume world leadership? Would it not be a better idea now to at least be talking about creating a level playing field with China by declaring a debt jubilee and introducing public banking? If the banksters stay in control, you can calculate how long it will take before they own all the gold by using factors including the interest rate, the size of the loan book, and the amount of gold the banksters had at the start of the gold standard. This means even a gold standard will achieve nothing if the private bankers stay in control. The pandemic is not the reason for this economic and currency deterioration. Quite the contrary, it's an attempt to cover it up and create a scapegoat. The US Dollar system was starting to come unglued already a year ago when the Fed had to step in with their extraordinary Repo program. It only bought a little time and kicked the can a short distance. Fiat currencies that rely on an ever-growing amount of debt acts like a pyramid or Ponzi scheme. Compounding debt has no solution. It is a mathematical certainty that a fiat debt currency will, at some point, self-destruct. It's really not that hard to understand, and the US Dollar actually reached that point several years ago already. It doesn't matter what represents sound money as long as the value it stores and transacts is linked to the true physical world value, which is and always will be work/effort/energy in various forms. That can be physical labor, a required service, product, or commodity, but it has to be transparent and not polluted by usury in order for it not to start eroding the value. In today's world of information technology, banks no longer serve any function or purpose anymore. The financial industry has become a parasite that, more often than not, seeks to steal and cheat. The rot has also spread to large corporations that no longer look to innovate, excel, and expand but rather perform accounting gimmicks to serve stockholders at the cost of the corporation itself. There will be no new Bretton Woods agreement because the very idea that there needs to be a pyramid among currencies is anachronistic and the very danger that has to be avoided in order not to repeat the mistakes of the past. People should know that the UK was the driver behind this current system, and they actually never abdicated any true monetary power and were, in fact, very happy to see US taxpayers take the wheel. Inflation is and has been ongoing throughout the economy; look at the price of food compared to ten years ago, the price of stocks, land, homes, cars, and taxes. The depreciation in fiat currencies, all of which are considerably above 90%. The cost of living has become unaffordable for millions upon millions and, thanks to lockdown, is about to force starvation on at least half the world's population. If interest rates were to rise, those carrying debt would be ruined, but the money printing spigot will also have its say resulting in hyperinflation. That, allied to currency devaluation, doesn't bode well. All FIAT money is virtual and has no intrinsic value since the dollar became unbacked by gold. Shame on the People for not shutting down the Fed a long time ago. As 90% of Americans could not tell you what the Fed does, let alone who benefits most from their Ponzi. "It is easier to fool a man than to convince him he has been fooled" ~ Upton Sinclair. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Are you Prepared for The Post Election Economic Collapse?

geraldcelente@gmail.com (Politico Cafe) — Sun, 1 Nov 2020 12:20:00 -0800

👉Are you Prepared for The Post Election Economic Collapse? The following four things individually are major issues, but we now have all four together at the same time! #1. Economy depression and supply chain collapse. #2. Lockdowns and regime uncertainty. #3. Fiat finance collapse and 4th turning. #4. Huge debt overhang, pension collapse, and unfunded liabilities The stimulus and the bull market are over. Nothing went to Main Street where it’s badly needed during a time of the unprecedented economic collapse. Thousands of private businesses and millions of jobs have been eliminated .another lockdown, and it'll be game over for a lot more mom and pop businesses. Easy money, market manipulation, deregulation, reckless speculation, counterproductive fixes, unsustainable debt, and evil intent pushed things toward economic collapse. The real total world debt is now likely at least 10-20 times greater than real total world GDP. Hundreds of quadrillion dollars in debt if the derivative bubble bursts. It's a wrap America. We're bankrupt. This is the crash. Then there's the endless fraudulent Bond issuances and trades. Open market manipulation. The old total and complete rigging manipulating and controlling daily activities; and on and on and on. It’s a catch 22 for the central bankers. Once you’ve let a Ponzi scheme in asset prices develop, you have to keep propping it up. When it collapses, it will feedback into the financial system. The more you inflate the bubble, the worse it will be when asset prices do collapse. The poor things just can’t win. The central banks are kicking the can down the road for an almighty crash at some time in the future. The normalization of interest rates is not an option. The system is headed over the cliff, and it can't be stopped or turned in time. The national bankruptcy has been inevitable and certain since the 1913 elitist infliction of the unconstitutional FED/debt-money/fractional-reserve-bankster fraud was installed in the US. There is nothing unintended about what is unfolding currently. It's all going to plan, and it'll be a whole lot worse than anyone thinks. It is all going to collapse directly after the election. The Bankster AI is running a controlled demolition of the WORLD economy. Just because this is a controlled collapse doesn’t mean parts of the economy won’t be blown with a mighty blast that will destroy large sectors taking out EVERYTHING for miles. Like entire nations.Or entire legacy industries. The market is a pump and dump scam. The insiders jack up prices with free Fed money, and then they'll cash in and leave the 401K's and other long haul investors holding the bag. There's no safe place to stash your coconuts in a systemic collapse. The entire system is based on a fraudulent monetary system and taxation system that picks the winners. If the results of the elections get rejected, This is the perfect constitutional crisis to undermine the last vestige of confidence in world reserve currency and transition to the CBDC platform. All fiat go to zero eventually, and the dollar will be no different than any other fiat currency. The collapse is already happening; it is not a one-day event. What is clear is the middle-class is being destroyed, and the Constitution is a shell of its original intent as noted by the two-tier justice system and the enormous reach and size of the Federal Government. These are the two barriers to the New Monetary Order, which is now labeled the "Great Reset." Sixty percent of the US population doesn't have $1000 in an emergency fund! How much worse can it get? The Power That Be are going to roll out universal basic income whereby government hands people free money printed out of thin air, accruing debt. Put simply, socialism for the masses. Governments spent well beyond their means, bankers loaned far more into circulation than they had in tangible assets, and the public (which thinks they're getting a free ride) gets straddled with the burden of debt. This is The Great Reset Launch - enjoy. The pandemic was the catalyst. They couldn't erect their New Monetary Order without first tearing down the current one. The great reset courtesy of Klaus Schwab's World Economic Forum, the IMF, and the banksters gangster usurers. Hell on earth. What is going to collapse is a corrupt monetary system whose primary objective is a boot tread on your face. What will replace it? The powers that shouldn’t be have something in store for mankind, and I can assure you freedom isn’t on that list. This Ponzi will slide into the next Ponzi - seamless. That being said, pain is afoot for the majority. 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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. The federal reserve artificially inflated stock prices with their unlimited creation of new money, both openly and secretly. So what is happening now is that a lot of mismanaged or failing companies, instead of borrowing money from banks or from the sale of corporate bonds, have now turned to free money that will never have to be paid back: i.e., the issuance of new shares of stocks that are now overinflated. When the markets crash, these suckers, I mean investors in these shares, will be left holding the bag, and corporate fat cats will have made a ton of money from it. So basically, what the federal reserve is doing with low rates and the artificial inflation of the markets is producing everything for now and nothing for tomorrow's situation. And as a result, along with other reasons , is that it will all culminate into the greatest market, financial, and economic collapse our world has ever seen. I believe this will occur in 2021. After all of the successes are out of the way, there will be nothing left but failures. The world economy has NEVER been shut down as it was, and maybe again, even for war, it wasn't shut that thoroughly. They didn't do that to help us; they did it because dung was going to fly apart. The repo crisis was bigger; I'm sure, than most imagine, and they had to shut off the economy to sort it out. I think if they turn it on again, it will just start accelerating again; the same issues will crop up again. I think something had to be done, but the band-aid on the sucking chest wound won't hold long. Toilet paper may be the new gold standard before this is over. 1 role for a house, I'm being sarcastic somewhat. Printing money will soon be a thing of the past, like newspapers - seamless transition. The great reset being pushed by the elites for some time would be a disaster for the average human. The collapse has to happen; it's built into our capitalist system; the question is when. It's happened before; the French and Russian revolutions were caused by financial collapse. This time however, most of the global economy is the US dollar economy, so we all go together, no foreigners with cash to refinance the economy. Pensions, insurance companies, and financial collapse, and that collapses the dollar as everything is dependent on a one to two quadrillion derivatives market in turn dependent on the bond market, much bigger than the stock market. Driving interest rates to zero would not be possible either for the reserve currency. Printing currency devalues a currency, but capital is not the banknotes that banks issue; it's land ,production, energy and gold. Most of the world's wealth resides in the title deeds and gold held in the vaults of banks. The collapse is caused by spending more than we earn. Negative rates mean the system implodes that year, everyone will close their bank accounts, and the companies which demanded customers and employees have them will hit the buffers; critically, right now, with the recession, you cant have boycotts & labor disputes. You have to understand that our financial system is a pyramid; money enters at the base and rises to the top. It works well as long as the peasants keep putting money into the base of the pyramid. If the flow stops, it collapses. The peasants ran out of money in the 1980s, so everybody got a credit card, people financed their cars, etc. Because we are at the getting blood out of a stone stage, they reduce interest rates, so the peasants can borrow more. When the pandemic hit, governments gave money to the peasants to keep the flow. When it was discovered that the peasants were using their free money to pay down debt and not feed the pyramid, they started reducing the free money. The global economy was already facing the worst collapse since the second world war as pandemic began to strike in March, well before the height of the crisis. The deepest contraction for the global economy since the 1930s great depression. With confidence indicators falling off a cliff, financial markets in turmoil and real economic indicators plunging, bankruptcies and job losses will leave deep scars on the world economy and hinder its healing for a long time to come. Fed is sharply increasing the amount of help it is providing to the financial system as the Banks did not trust each other – again. Similar situation around the Lehman collapse. In 2019, a second Perfect Storm was approaching – the Central Banks had been doing whatever it takes for over a decade. Essentially nothing was off the table; throw the kitchen sink at pushing the Global Financial Crisis 2.0 into the future. I believe in 2019, the Central Banks guns were blazing, but the beast was no longer held at bay; they threw the kitchen sink, and the beast laughed at them. So what do you do when you are burning far more oil than you discover, and your efforts to offset the impact of expensive to produce oil push you to the edge of the cliff? You can accept your fate and allow the beast to shove you into the abyss. Or you can take the nuclear option and shut down as much of the economy as possible, preserve remaining oil and pump in trillions of dollars of life support to keep things feebly alive. The End Game – in addition to being a cover for the above, the pandemic is also a very good way to keep 8 billion people in line as we hit the physical limits to growth and global civilization collapses. The last thing anyone wants is a global Holodomor and extreme violence. We have seen how in Australia, the police have used rather extreme measures against anyone daring to break the rules in Melbourne. I believe that the masses are being conditioned to be fearful because fearful people look for direction from the authorities and will accept just about any edict if it is believed to be keeping them safe. For we ordinary people who have worked all of our lives to build a nest egg for retirement, this is good advice. I care not whether gold is $10k or $100k/oz, but I do care about retaining the purchasing value of my savings. If you’re holding US Dollars when The Fed induced hyperinflation starts, then you’ll be wiped out. And that cash that’s in your bank account isn’t yours until it’s in your possession. The Fed-induced hyperinflation will get you a stack of worthless paper. And why would you keep fiat in the bank. It’s better to use it now while it still has a little value. Might want to buy some money with your fiat while the money is still cheap. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Major Banks & Hedge Funds start Shorting the Dollar -- The Mother of all Trades -- Got Gold?

geraldcelente@gmail.com (Politico Cafe) — Sat, 31 Oct 2020 11:40:00 -0700

👉Major Banks & Hedge Funds start Shorting the Dollar -- The Mother of all Trades -- Got Gold? Major Banks & Hedge Funds start Shorting the Dollar -- The Mother of all Trades -- Got Gold? It is getting dicier by the day and looks as if everything is about to fall apart. America is headed for tough times. The same could be said for most of the world. An old order is fading because what cannot go on forever won't. Get ready for the biggest collapse in human history. The Fed is preparing to extend its bond-buying program. Parabolic debt expansion. We did not boom the economy; we boomed the debt. Massive debt to keep the market up. More stimulus to add to the more national debt. The trade deficit is ballooning, with no end in sight. The dollar has come under increasing pressure since late March after the Federal Reserve pledged unlimited liquidity to support an economy hurt by the coronavirus pandemic. Interest rates are at 0% and can't be lowered to provide easy money (If they go negative, banks take from your savings). A few people have all the money, and everyone else gets by on debt. Real unemployment is still very high. Less money is being spent globally, with the exception of online retail. Dividend-paying stocks now the only game in town. The economy is not good, and I believe the stock market will figure it out soon. Trillions of greenbacks rolling off the printing press every week, making the US Dollar worth less than dirt. Forex foreign investors dumping Usa fed bonds with the US dollar before being wiped out Dumping the dollar with bonds is the play. We're going to go through the biggest short squeeze in history on the dollar. Major banks and hedge funds are now shorting the dollar. Many investors, especially the big ones, were seeing the decline of US dollars months ahead. The short positions in the future market have increased over the past 16 months. Hedge funds are shorting the dollar and are bearish on the greenback for the first time since May 2018 in the latest sign that the world's top reserve currency is declining further and unlikely to bounce back any time soon, Bloomberg reported. The greenback has fallen about 6% against the euro alone since the start of the year. There's a big short position on the dollar. And when that gets unwound, It's going to cause chaos around the world. It's going to be the biggest driver for asset prices over the next two years. This was just a matter of time before these different knock-on effects started taking place, and that's what we've seen over the last three months. This initial dollar move is the whole move. We're nowhere near the beginning of the end. In the debt-based monetary system, if capital doesn't flow and move, it literally comes crashing down. When you lock economies down, and don't let people go out, and don't let people work, and don't let trade goods flow, it essentially takes the monetary velocity to zero, and it just can't exist in that type of scenario. When that happens, you get markets that are just seeking liquidity at all costs. It has nothing to do with fundamentals; it has nothing to do with the normal supply and demand characteristics. It literally has to do with get me dollars no matter how you do it. That's kind of what we went through, and I think that will happen again going forward. Deflation on main st, inflation for stocks. A lot of asset prices, a lot of commodity prices are going to come down, let's call it, over the next six, 12 to 18 months, whatever the time period is. But after that happens, in the next ten years, we're going to look at an inflationary storm. Inflation is coming. We're going to get supply shocks where prices are going to start to rise, not because demand is rising, but because supply is just being strained. So I definitely see that as the end game; I just don't think we're there yet. The big dollar crash hasn’t even come yet. We’ll check back on the dollar confidence in 6 months or so! Owning gold is the best hedge against inflation and deflation. There are times where you can own gold to get rich, and there are times to own gold for insurance. I think right now it's a good time to own gold for insurance. Gold is going through the roof. But I still think it's possible that in the short term it goes down. At the moment, gold is about 0.5% of total global assets; during 1980, it was 3%, so technically gold can easily go up six times to $12,000. You want to look at how the dollar has been doing since 1971 when Nixon cut the dollar off the gold exchange standard? Valued against gold, the dollar fell from $34 an ounce to $1990. The Fed has been successfully manipulating the price of Gold since 2012. All in an effort to prop up the Dollar. This success is tentative and cannot be relied on. Backing the Gold-Backed ETF's is a cover for their actions! 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 hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. The US dollar has been recognized as money for less than 250 years. Gold, more than 5,000 years. In the last 120 years, since the creation of the Federal Reserve, the value of the US dollar has been depreciated by 98%. Gold has stayed roughly the same as it's ever been. During times of strife and stress, gold is the ultimate "fear index," and the price rises. The one thing that no person employed in any aspect of finance or government (or journalism either) wants to consider, but is very, very much a factor right now, is the possibility (probability? near-certainty?) of the total loss of the US dollar and it's being replaced by something else. In such a case, it is still guaranteed that gold will retain value. Gold is a store of value, no matter what happens. The market has been surviving on one thing and one thing only, Debt, debt acquisition. That's because, with all the stimulus, the stock market is functioning as an inflation indicator; low dollar, high stocks-high dollar, low stocks. It's a net-zero after inflation is taken into account. The reason for the correlation is that the US dollar is the reserve currency of the world. The global economy is driven by debt, and all this debt is ultimately underwritten in US dollars. When the pile of debt is increasing, it is a net positive for the stock market (and all other asset classes, including real estate, commodities, gold, bonds). An increase in debt is negative for the US dollar because when debt increases, each dollar you hold buys less and becomes less valuable. When the US dollar starts to rise, it means that the global pile of debt has started contracting. The debt starts contracting because there is a crash (stocks, bonds, real estate, commodities) underway in some corner of the world. As a result of the crash, the debt underlying that asset class has to be written down or written off due to bankruptcies or insolvencies. This is a net positive for the dollar because the crash has taken out of circulation some of the (debt) dollars. The remaining dollars become more valuable because each dollar you hold now buys more. Politicians didn't use the time they bought with huge debt since 2008. So now they got no tools to use. Except for helicopter money, which the US already did. So what's next? They'll tap into savings. And abolish cash. The giant bag of money has to settle somewhere. China is unsafe, real estate sketchy, bonds doubtful, cash has a negative yield. Interesting to see how low for how long. When you have a central bank artificially suppressing rates since 2008 THIS IS WHAT YOU GET. A MASSIVE BUBBLE. With all the free money floating around with government stimuluses and the crazy printing of money, the dollar is bound to collapse. So knowing that one way to benefit from all this funky money is to short the dollar. Market observers and analysts are all misreading the yield curve implications. Decades ago, large banks were the main risk-takers in the market in terms of volume, turnover, and capital formation. The Dodd-Frank and Volker rule during the housing crisis had changed the whole market landscape. Restrictions on bank risk-taking have limited banks' ability to penetrate into risk-taking, and requirements on capital safety and reserves make large financial institutions to be more client-oriented and risk-averse. It is similar to what Europe had since long ago, and European banks, particularly with consumer operations, were not allowed to carry broad-based risk trading in the equity market. This is why many European banks opened subsidiaries in the USA, seeking riskier and fast trading opportunities along with access to Fed's liquidity support. On top of that, within the last 30 years, there was a massive shift toward electronic trading, and the rise of the passive index industry had overthrown banks as major asset managers and risk-takers. The business model of such a fund industry is looking for fee collection from portfolio managers and investors. Without sophisticated technology and fast trading algorithms, such a business model could not exist as fund offerings of different structured products needs to have almost perfect dynamic hedge as investors and portfolio managers buy and sell such products for hedging or trading purposes. Coupled with very friendly regulation from SEC that allows ETF-like structures to dominate the market along with efficient and fast technology, massive cross-asset computerized setups, and Autobots, the yield curve has lost some predictive recession power as large bank institutions are no longer the biggest part of the curve active players. The risk has been shifted to the FEDs, which means it’s a national solvency & credit issue rather than private sectors in the past. The feds and governments are working together to put excessive liquidity into the market in the hope to spark economic growth and inflation. The problem is that I don’t see an exit strategy for FEDs back to normalcy now. It’s likely that this bubble will be even bigger and run longer than any previous bubbles as it’s fundamentally created by the FEDs around the world. And when it pops, it will probably hurt assets in developed countries more than developing countries as that where the bubble is. No rate hike for at least two years, most likely longer. Wall street is painting the tape to bluff recession so they can pick up stocks at low prices. Inflation is a story that’s still in the early innings with lots of fuel behind it. Also, don’t forget that the US treasury is now a big net seller of bonds monthly, which hasn’t been the case for a decade. The house everyone is looking at has been knocked off its foundation, or if you are building a structure off measurement from the prints, you eventually will run into a "bastard spot" so defying logic and mathematical structure or even balanced economics that involves a heard of idiots in the Eccles building rather than a sound footing and then explaining the current bond market is absurd to me. America's existence with its accruing debt is totally reliant on others and manipulation to finance it, and that is not worthy. This is all theater to me, and it's gonna rock those out of bed one night. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Europe on The Precipice -- Second Wave, Lockdowns, Economic Collapse and Digital Euro !!

geraldcelente@gmail.com (Politico Cafe) — Thu, 29 Oct 2020 13:00:00 -0700

👉Europe on The Precipice -- Second Wave, Lockdowns, Economic Collapse and Digital Euro !! Europe on The Precipice -- Second Wave, Lockdowns, Economic Collapse and Digital Euro The European economy is in an unprecedented crisis; it is getting hit hard by a second wave. That's driving Italy, Germany, Belgium, Ireland, and other European countries to reimpose lockdowns and other restrictions, which is threatening the nascent economic recovery and raising pressure on governments to offer even more financial support to people and businesses. This second wave looks worse than the first. Spain and France reached the grim milestones of over 1 million cases each on Wednesday while the U.K. lags with just over 792,000 cases. This second wave of shutdowns would absolutely devastate the European economies. Europe has negative interest rates, low growth, and significant inflation. The Euro losing purchasing power every day. Many important European countries are struggling with double-digit unemployment. Fragile export, fragile stability in banks. Negative interests and printing money. On the first attempt to normalize or the first trouble windy market economic condition, the Euro and some countries will start to collapse quickly again. The ECB knows it, but not able to find a way out, afraid of any real move. Major European banks are insolvent. Half if not more of the latest Eurozone rounds of stimulus is going to these banks just to keep them barely above water. Come Fall, they will need to bail out southern European banks with trillions of Euros because all those economies have seen massive hits from tourism drop. Wait until France and Germany need to bail out Spain, Portugal, Italy, and Greece. Their citizens would never agree to bail out southern European economies. Europe has been going towards a brick wall since the pandemic started. Sooner or later, it is going to cause re-elections, in which case it is highly possible that the right-wing parties are going to seize power, denying the EU helicopter money. That is going to lead to Italy leaving the union ,and the Euro eventually crashing. The situation is actually way crazier than in The USA. Many factories have or are to close down, and governments are losing power fast. There are protests all over Europe by people claiming restrictions are unwarranted. In France, Emmanuel Macron announced the second lockdown. A new month-long national lockdown will start tomorrow. Bars and restaurants must close until at least the start of December. And french citizens would need an authorization form to leave their homes. Nearly 3 000 patients are in intensive care units across the country. The number of French people currently carrying the virus can be estimated at one million: Health Minister Olivier Véran told France Info this morning. "We have tried by all means to avoid the lockdown - said the minister - and the curfew has allowed us to stop the spread of the virus." However, he added defending the lockdown announced yesterday by President Emmanuel Macron, “what is coming down is a European wave. The State - he said - is the guarantor of the French health security and assumes its responsibilities ”. Meanwhile in Germany, Chancellor Merkel Addressing parliament on Thursday, said that ,winter will be hard - four long, hard months. Merkel warned intensive care units in the country could be overwhelmed within a few weeks . Mrs merkel has imposed new restrictions for the whole of november with bars cafes and restaurants ordered to shut doan ; and fans will no longer be allowed at sports events. This pandemic brings the question of freedom to the fore. Freedom is not every man for himself; it is respectability for oneself, one's family, the workplace. It shows us we are part of a whole, she added. “We are in a dramatic situation that affects us all, without exception.” Angela Merkel said this when she presented yesterday's decisions with the Laender ministers-presidents to the Bundestag. Angela Merkel again stressed that the high number of infections is also reflected in hospitals, where "the number of patients in intensive care has doubled in 10 days". "In a matter of weeks, the health system could be overwhelmed," . The restrictive measures "are appropriate to the situation," she added. There were Never so many new cases in Germany;over 20 thousand in 24 hours. The day after Merkel's announcement of a four-week lockdown, Germany registred over 20,000 cases in the last 24 hours, never so many since the start of the pandemic. In Belgium, the situation is even more dramatic. There are 5,924 patients hospitalized and more than 130 dead in 24 hours for the second consecutive day. That's a sad new absolute record for hospitalizations. The record registered on the last 9 April during the first wave of the pandemic was surpassed. There are currently 993 people in intensive care, a level that is dangerously approaching the maximum (1,235) reached during the first wave. And for the second consecutive day, the dead exceeded 130. One hundred thirty-nine yesterday and 132 today. The national average of the positivity rate is 23.6%, but it must be taken into account that the tests are now carried out only on people who have suspicious symptoms. The Netherlands too has seen a sharp rise in cases since late August-early September. In the UK, there are 100,000 new infections, but the government resists a second lockdown. The current daily infections in the UK alone could be 100,000, adding up the undiagnosed cases to those surveyed daily thanks to swabs (24,700 yesterday in the entire United Kingdom), with a tendency to double every nine days in recent weeks. This is indicated by a sample survey conducted by the Imperial College of London on about 85,000 people in collaboration with the Ipsos-Mori polling institute. While the British Tory government of Boris Johnson - after being among the first in Europe this time to restore local draconian restrictions in the face of the second post-summer wave of the pandemic - however for now continues to resist the pressures of those experts who invoke at this point as inevitable a lockdown or a second national semi-lockdown. Croatia has registered a record of 2,776 cases in the last 24 hours, a figure that has brought the overall toll of infections since the beginning of the pandemic to 40,999: however, the government is not thinking for now of a tightening lockdown, not even partial. Deaths are also increasing, reaching 511, of which 18 only yesterday. The number of patients with an active infection, just over 14 thousand, and people in home isolation to date almost 22 thousand, also peaked. Above all, hospital admissions are of concern, which in three weeks have gone from just under 300 people to a thousand today. Switzerland reported another daily record of 9,386 new cases and 31 victims. Poland, on Thursday, reported record daily infections and deaths. Health officials said there were 20,156 new cases and 301 fatalities. The country has imposed a nationwide red zone lockdown that includes the partial closure of primary schools and restaurants. New records of infections in Bulgaria too, where 2,760 new cases have been registered in the last 24 hours following 9,946 diagnostic tests carried out. The highest number of infections (1,075) is always registered in the capital Sofia. The total number of cases since the beginning of the pandemic is 45,461. Since yesterday, 36 deaths have been reported, bringing the total number of victims to 1,197. Spain began its nationwide curfew on 25 October after the government declared a new state of emergency. Spanish people in all regions, with the exception of the Canary Islands, have to stay home between 11 PM and 06 AM. Lockdowns work in terms of a temporary decrease in rates, but they are inevitably followed by an increase once they are relaxed. Interesting that the only country in Europe which is not seeing an increase in Death rates since July; is the only country in Europe that has never had a lockdown; Sweden!! It will be interesting to keep an eye on their rates through the winter. 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 the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. The European markets are in deep red following news of new lockdowns in FRANCE, ITALY, SPAIN, AND GERMANY. On Thursday , the pan-European Stoxx 600 was down over 2%. The European GDPs are in freefall too. The Eurostat published the first series of data, which confirm the devastating effects of the pandemic. In the second quarter of this year, GDP fell by 12.1% in the Euro area; minus 11,9% for the overall European Union. These data confirm the fears for a painfully slow recovery. The list is catastrophic. At the top of the disaster is Spain, with a decline in GDP in the second quarter of 18.5%. Followed by Portugal with minus 14.1% ;and France, minus 13.8%. Italy is minus 12.4%, Germany minus 10.1%, minus 10.7% for Austria, minus 12, 2% for Belgium. Lithuania is the best-performing country, with less than 5.1%. These figures followed a 3.6% decline in the European economy recorded in the first quarter of this year when Europe had not yet fully sunk in the crisis, but the lockdowns had already begun at the end of the period. The Euro too is losing steam. The Euro is the one-world government jewel that will fail miserably. It is being pushed up by the world elites, but they can't keep giving it value when as currency, its foundation is so weak. Even without the pandemic, southern European banks were on the brink of bankruptcy; now, they purely exist because of the huge amounts of stimulus by the European Central bank. All southern countries have taken massive hits in tourism, which is a big part of their economies. Everyone will need a bailout this fall. The Euro is one of the most flawed currencies ever created. There is nothing baking the Euro in terms of conviction, national pride, innovation, powerful military, or faith in the long term viability of the currency in whatever form. On Friday, October 2, the European Central Bank announced that it would start conducting experiments to decide whether to launch a Digital Euro. Europeans are increasingly turning to digital in the ways they spend, save and invest. Our role is to secure trust in money. This means making sure the Euro is fit for the digital age. We should be prepared to issue a digital euro, should the need arise, The ECB President Christine Lagarde announced. When are people going to realize you cannot accomplish the goal of stopping the spread of the virus. The only thing we are accomplishing is destroying the economy along with people's livelihood. A goal must have an endpoint and actually be attainable. Governments are not giving us an endpoint as to when they'll stop forcing businesses closed and requiring masks. And stopping or slowing illnesses is and will never be attainable as everyone gets sick every day! CV-19 is new, but it's not the only illness in the world. We’ve had peace for so long , that people will cling to peace and avoid conflict at all costs now, even at the expense of their liberties. And every day, it seems we get closer to the precipice. What lies below ain’t pretty. It's a big play to get that coveted digital ID on everybody so they can flip the crypto switch. EU has already planned for digital crypto as a way out to lock in the Negative Interest Rates of the system. To understand that, you have to go back and look at what Keynes is and put the current/future time together. It is a NIRP system. It always has been. Now they need to implement a NIRP system in the present day, and people are going to want to get out of it. So lock them in with a crypto recording all trades and ensuring the NIRP is paid. Let's face it, we are just along for the Great Reset ride , And can't do anything about it. But at least we are prepared: food, ammo, gold, and silver. Physical gold and silver are the game, especially silver, as the ratio of over 80 to 1 historically will come down by half at times like these. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉The Mother Of All Stock Market Bubbles -- Prepare for a Volatility Burst

geraldcelente@gmail.com (Politico Cafe) — Mon, 26 Oct 2020 12:51:00 -0700

👉The Mother Of All Stock Market Bubbles -- Prepare for a Volatility Burst The US stocks continue to trade as though the world is expanding apace rather than wallowing in the worse economy since the Great Depression. Fed stimulus can only last so long. A Day of Reckoning is coming, and only unjustified euphoric optimism stands in its way. Subsidies are temporary measures and not permanent solutions. The market can remain irrational longer than you can remain solvent. Or perpetual Fed fake money could push stocks ten times higher. So, one must hedge accordingly. But it will implode. On a long enough timeline, the survival rate for everything drops to zero. It is not a bubble if it doesn't pop. The pin is approaching. The form of it will be rioting and massive property damage. Housing meltdown 2.0 upcoming. More shoes to drop. 1) employment is a lagging indicator that has to see improvement. There is the suggestion that the count is off as discouraged seekers drop off of the count, not even mentioning white collar. 2) all sorts of debt to deal with car, housing, credit card, etc. 3) zombie companies who may run out of funds The unknown known is the trigger. The house is packed with gasoline, propane, dynamite, and some A-bombs, just like February. The results will be similar, maybe worse. At this point, who knows? The numbers for just about everything are so jacked around. Unemployment will rise to 90%, as 10% of the population captures 99.999% of all wealth. Fed will keep printing up money for itself to keep The military-industrial complex going, totally disconnected from the stock market. The stimulus is just stealing from the future - making the future that much bleaker. Eventually, the piper will have to be paid. It's all matter of how long you believe central banks can keep this baby propped. The longer they do, the worse it will be when it blows!! The upper portion of the "K" in the K shaped recovery will slide higher and higher up the vertical axis as fewer and fewer people experience recovery. 2022, the market will reach 120,000. Cashless and asset less society for 95% of society coming. Middle-class landowners are most at risk of confiscatory tax policies with out-of-control governments. One never truly owns land with property taxes due. Crash and burn. Unless it is Precious Metals, all will crash when the bubble burst. One more reason for taking massive multi-Billion dollar low rate loans out to chase an already failed rate of return for pensions like California is INSANE and should already be criminal. If there market crashes, most pensions are screwed already, let alone then having to default loans against assets in massively underfunded criminality. How could the S&P 500 be trading at its highest multiple in 70 years when the growth rate of corporate earnings has been sinking for more than two decades? Simple Answer: currency debasement in process. Buy hard assets. All that matters is the spigot flow from the fed. Nothing else. All S&P 500 companies can go belly up, but if the fed is funneling trillions in, the party continues. Money has to go somewhere, even if it is worthless. Buy in or get ruined by inflation. The system is what it is, and the federal reserve is making this the reality of the day. Printing $100 TRILLION in fiat currency, it does strange things to asset classes. Think of it is fetid floodwater rushing into a field - every log and corpse not weighted down must rise. Send the quadrillions in. We will soon be doing more QE than what we collect in taxes. We are now in Bailoutism - the new central bank driven world order. Stimulus spending is just shuffling chairs on the Titanic. It doesn't improve the bottom line. We are Zimbabwe, my friends. Trillion-dollar companies in the end, not the beginning. Keep buying real assets. Buy hard assets and put some Monopoly money in the market to buy more hard assets. All I’m doing it. Bubble, bubble, bubble. Definitely, Something big is coming. 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 the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. We know that this disconnect from reality can't be good. We have more money printed than ever before. We have a Fed that has said they will stop destroying money, we have a government that wants to print money even though we have great growth, yet the bond market is maintaining a low, low rate. Every action taken is pointing to major inflation; who is buying these bonds at this level? This is a red flag that either the market is being manipulated or that people are buying safe havens without understanding what events these assets don't protect from. Never before have we ever had this degree of intervention to artificially inflate/prop up the asset prices - so never before have we had this degree of disconnect between the fundamentals and asset prices. As bad as earnings are, what would they look like without endless debt expansion and other forms of stimulus to support aggregate demand (and corporate profits) - all of which are just stealing from the future. Eventually, the level of the economy will have to drop back down to what earned income can support (without stimulus). In fact, it will have to drop down to a level that is below that as we will have to pay back the stimulus (either in the form of debt reduction or reduced purchasing power of our earned income). The economists of this world simply believe that their discipline is not subject to the laws of the universe - especially math!!! At current overvaluations, the entire US market will return zilch for a decade or more. There's a 10% chance of that, says CAPE correlation. There's only a 1% chance it will return 10% per year average like it just did. It will be more like the lost decade of the 2000s than the crazy multiple booms of the 2010s. Can't argue with math. If you think about it, it's pretty obvious. The US would need to DOUBLE or more its historic economic growth, and the price-earnings ratio would need to settle at a permanently high plateau just for it to tick along at the average growth rate. Everything right now is looking more like 2% or less growth, and the price-earnings ratio reverting to a mean of 20 or less. Ten years from now, the S&P could have, therefore, reached the lofty heights of 3500. As for small caps, speculators gonna speculate. Value line's take 10/30. The Election: Here, as well, the stakes are high from both economic and regulatory standpoints, and the picture is murky, with the outcome of the Presidential contest, now just days away, perhaps in doubt until well past Election Day. Control of Congress is also up for grabs. Corporate Earnings and price-earnings Multiples: So far, third-quarter earnings are coming in better than expected. Still, a number of companies are warning of possible disappointments down the road. All the while, high earnings multiples, exceeding a median of 21 in the Value Line universe, are unsettling investors. Nevertheless, markets are persevering for the most part. We think this overall resilience reflects the fact that the Federal Reserve is pulling out all stops to keep the economy rolling. Also, attractive alternatives to equities are hard to find in a low interest-rate environment.Conclusion: We think investors need to stay calm but also alert to developments. My note: if one is going to panic, panic early. This market is ALL smoke and mirrors. What is real, and what is Fed-induced? The real market is on a ventilator, and without stimulus, it will die painfully. How long can the country print money and give it away to prevent what will happen anyway and cause us untold problems down the road? I would like to hear one person say we have a spending problem. All I hear is to hell with the budget spend spend spend. Am I the only one left who worries about the future? The market is a drug addict. Happy when it gets stimulus and ugly when it does not get its fix. BEWARE THE FUTURE AS WE HAVE SPOILED THE PRESENT. The idea that the federal government can just keep throwing out trillions of dollars with no accountability or no way to pay for it is a fool's trap. The idea that the government is going to increase taxes on corporations but then, in all its wisdom, will spend trillions on economically smart producing assets is like buying a beautiful lot of land in a Florida real estate brochure and then find out afterward you just bought swampland. A healthy and efficient business does not need stimulus or any kind of help; Period. They should have saved for rainy days. By keeping zombies alive, FED inflated a bubble that is now beyond repair. When an avalanche strikes, no tree is safe, healthy, or diseased. Trillions in funds doled out by the Federal Reserve and the government directly have helped to paper over some of the big financial problems created by the pandemic. Not to mention the titanic issues that existed before the pandemic. Debt 27 Trillion, running debt increase 2Trillion year-over-year, US dollar printing 3 Trillion year-over-year. Declining value 49% year-over-year. And wait until student loan payments become mandatory again. The house of cards will collapse. $1.8 Trillion stimulus shot down by Senate. This stimulus talk will most likely keep repeating with nothing ever getting passed. US Dollar is even as bad as the Bolivar. Dear Federal Reserve, For the sake of Humanity and mankind, can’t you please just Stop? The economy is getting worse thanks to you; you monetize the debt, the dollar is in its slow death as the growing national debt says so, you’re making the majority of the people's lives more miserable trying to take credit putting the fire out you started that you never finished. The rot of your establishment has a growing stench that is literally choking the public, and you have dumb rich people believing in your lies every time you have a summit. Lying Powell says they are letting inflation rise, for they have no control over. The Federal Reserve has formed into a financial crime organization. Please let the free markets operate on their own, stop being a painful influence, and please do the right thing and die. Take one giant step for mankind off of a cliff and knock down that terrible looking structure on Constitution Ave; since the Federal Reserve isn’t constitutional anyways. This is a test of Modern Monetary Theory and the transition to a cashless society. They are attempting to rewrite the rules on economics and bring in a new ruling style to the world. Looks like it's going smoothly; put your mask on and listen to the elites; they have their best interests in mind. A ten percent pullback would be just another blink of an eye. Buy and hold, don't play Robin Hood. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉Be Ready for Post Election Economic Collapse followed By The Great Reset in 2021.

geraldcelente@gmail.com (Politico Cafe) — Sat, 24 Oct 2020 13:48:00 -0700

👉Be Ready for Post Election Economic Collapse followed By The Great Reset in 2021. America is on the fast track to an unprecedented historic collapse. Over taxation, endless wars, corruption, inflation, rising inequality, the collapse of the petro-dollar, failure to invest in jobs for Americans, all of these are in play to produce a death spiral for the end of an empire just like all the empires before, and I don't see a reverse of this great decline unless there's root and branch reform. The lockdown has destroyed the travel, hotel, airline, entertainment, and restaurant sectors. Economic exhaustion from giveaways to the rich and Big Business. Social exhaustion from neglect of the domestic social and physical infrastructures. Private capital gambled on the markets rather than invested in production. Unneeded capital chasing too little of value. Insufficient consumer spending to stimulate economic expansion. A government foundering on an archaic federal structure riddled with greed, corruption, deceit, and partisan politics. America's economy is in tatters right now, with debt spiraling even further out of control. The ongoing collapse of our economy continues. The future does not look bright economically.Too many people,and automation will ensure even less are needed to produce what is consumed. An economy propped by junk borrowing and hollow spending,either needs a massive exodus or another depopulating event, or a massive new Works Program to increase the value of labor versus capital. So much that could collapse has not yet collapsed, and so little support is coming from the federal government for the unfortunate victims .That I don't see how we aren't heading for a cliff, into economic circumstances far worse than what we've experienced so far unless something changes for the better, and fast. A country financing half of its state expenditures by money printing is at the end of its choices; Full stop. Sixty million-plus are on the government unemployment cheese dole. Millions are falling off the roles after 26 weeks. This does NOT count the self-employed,and it does NOT count the dreaded U-6 Unemployment number.....which is OVER 90 million. Long-term unemployment spikes for millions of Americans, with no relief in sight. 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 the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. The full impact of the pandemic has yet to be felt. Many businesses have been barely hanging on in hopes of the fictitious V-shaped recovery, which obviously isn’t happening. They will be long gone by the time this virus is tamed. The question is, will the powers that hold America recognize the beckoning abyss before it's too late if, in fact, a reversal is even possible. The politicians still cannot seem to be able to hammer out a stimulus deal putting the stocks under pressure. Along that same line, someone should consider the possibility that the stock market is tulips. How much of the market's inflated value is from a new breed of day traders. Folks who have found it easier to play the market now that they work the nine to five from home on their personal computers. Folks who considered their stimulus checks and PPP loans to be play money. The stock market is a bubble. At some point, those chips will be called. Almost every catastrophic economic depression is preceded by a bubble. The Stock market will crash eventually. The bubble will burst. The Pandemic Recession can deepen quickly to become a double-dipped Pandemic Depression. And yet, imports into the USA are booming - causing bigger trade deficits now than pre-pandemic. The federal government has been living on credit. State and municipal governments are also being forced to look at borrowing simply to maintain essential services. At some point, the piper has to be paid. Recessions come with a credit crunch because the market is sorting out the solvent from the insolvent entities. By giving unlimited stimulus to the market, the central banks have allowed credit to flow to solvent and insolvent entities for decades without interruption. This is akin to the accumulation of dry tinder over a prolonged period. The pandemic is like a lightning strike from the blue. Because there are so many zombie companies (defined as those who do not earn enough to even service their debts).This is the perfect tinder for a raging forest fire. Notice how the Fed started down the path of extraordinary measures 12 years ago. Over time, those measures became routine measures. Once started down the path, the Fed is forced to up the ante on extraordinary measures, and each time the Fed saves the world, it sets it up for a bigger crisis down the path. The federal deficit is a worry, and the federal government can just keep on throwing money at our problems. With government aid to many small businesses, the nation’s airlines, and the unemployed either expired or dwindling; the labor market rebound has notably slowed. The number of long-term unemployed has increased, and Americans are increasingly exhausting their regular state jobless benefits and moving onto a federal program for longer-term support. Welfare running out. Time to juice the sheeple with another round of stimulus,welfare money. Since 2008, its been welfare, stimulus, government borrowing/spending zombie economy. That is only going to grow more acute as they borrow and spend more and hand out more welfare. So how is the great recovery going, folks. Now do your civic duty and Buy the Effing Dip and keep the casino up until after election day. OH,and pray for your 1200$ Pittance.After all,the banking cabal received 10 Trillion to play around with!! Thanks for playing. There was never a V With all these data, for there really to be a Recovery as opposed to a Bounce after reopening," there would have to be an equal and opposite V to the upside followed by a reversion to an upward trend line. No way is that happening in ANY of the data sets. After the election, this all collapses, followed by the The World Economic Forum Global Reset in 2021. This means that the Globalists take total control, and we the people are even more screwed than ever. Trillions in more debt will propel stocks much higher. It is fascinating to watch The Fed prop up the markets, and every time markets try to go down, The Fed steps in with billions and PUMPS the markets right back up??? I believe The Fed has stepped up its buying of Treasury Bonds too because somebody, maybe China & Japan, who are the largest holders of American Treasury bonds, are selling as many per day without disrupting the system and causing a collapse in hopes to get all their invested money out of America before it collapses.And when bond yields rise up due to the sales of bonds, The Fed steps right in with billions and buys them, so yields go back down. Something FISHY is going on??? America's Economic Collapse will be here real soon. The stock market can go higher, but that only means the currency is losing a lot of value. Nobody believed the Titanic was really sinking until it was too late. The world is in a global depression, which the central banks have so far managed to paper over by erecting a Potemkin economy. Permanent job loss preceded the Pandemic by decades. It happened in the '80s when factories started closing and moving overseas. This is why we have very little hope of a V-shaped recovery once our current disaster abates. There are simply no jobs to go to because we dissolved our industrial base, beginning 40yrs ago. We ooh, and aah, over Technology. We swoon over Zoom. We prostrate ourselves before The Cloud. We sit in chairs made in China before monitors made in China, attached to CPU's made in China, powered by chips made in China. And we have the temerity to suggest that a Consumer Economy is something to boast about. We're praying for a return of the restaurant and hotel trade. China isn't waiting on tourists. China has once again set about producing the goods the World needs. Any doubts about where there WILL be a V-shaped recovery? The super-elite are the most stupid people in the world. They set up China as the world factory and put all the eggs in one basket. Instead, if they got the brains, America could have a diverse source of the supply chain from India, Southeast Asia, Taiwan, Africa, Mexico, and South America. These supply chain countries will own US treasury bonds in a well-distributed balanced global finance. By putting all eggs in one basket, which is China, the stupid super-elite are just asking to be owned and destroyed by CHINA. The elite Predator Class transported US factories to China to make billions on wage arbitrage. The money is in the Cayman Islands, and the factories are in China. Western minds cannot understand that Chinese people are completely honest with their own families, but everyone else is to be taken advantage of, lied to, cheated, or whatever it takes to gain an advantage. This is rooted into the last 20 centuries of Chinese culture, and no piece of paper signed by anyone is going to change a scorpion into a butterfly. Complete disconnection from China’s economy is the only answer. It’s very unwise for a 100 lb person to try to rescue a drowning 300 lb person. They will just take you down with them. Germany retained deep manufacturing capability and arguably has the strongest Western economy. Is there a lesson there for the entire Western world and especially the USA, which has been exporting manufacturing to China in the last 20 years.? The third world as a model for America's future is not as far fetched as it sounds. The flight of US investment dollars overseas is also a classic feature of underdeveloped countries. In the absence of rigorous foreign exchange controls, wealth is moved to safer and more profitable off-shore havens. This, not the supposed laziness of its people, is the main reason countries do not develop. In the era of globalization, all elites, including American ones, are comprador elites. Only draconian government intervention can arrest this decline. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉CBDC, Digital Euro, Digital Dollar And Global Central bank Coming - Be Prepared

geraldcelente@gmail.com (Politico Cafe) — Fri, 23 Oct 2020 11:48:00 -0700

👉CBDC, Digital Euro, Digital Dollar And Global Central bank Coming - Be Prepared CBDC, Digital Euro, Digital Dollar And Global Central bank Coming - Be Prepared The US Dollar is falling, Paving the way to CBDC, Digital Euro, and to Prevent Bank Runs. Investors are running away from the dollar as the Fed continues debasing it. Meanwhile, the Fed is preparing for the introduction of digital Dollars and a ban on cash. The European ECB also announced the introduction of the digital Euro. The biggest overhaul in monetary and currency history is quietly taking place just behind the scenes. On September 22, the ECB quietly filed to trademark the term "digital euro" (which appropriately enough abbreviates to "DE" to instill a sense of German patriotism. CBDCs Central Bank Digital Currencies Are Coming. It's not a question of "if," but "when" at this point. This is going to be the biggest change to the global financial system since Bretton Woods. The IMF recently held a conference on digital currencies and cross-border payment systems. More entities are trying to get away from the dollar and implement Central Bank Digital Currencies in the future instead. These CBDC's will enable central banks to go around the banking and financial system and give or take money (tax or transfer payments) directly. This will affect banking in the future and will affect your rights. So what's so different about digital Dollars issued by the Fed and the digital dollars I have on my regular bank account? Nothing yet, but that's what CBDCs are about. Changing the rules & scope of Digital Money. More fine-grained control over those forced to use it. The only thing that gives any fiat currency value is, of course, the fools working for it. (Because it's created in unlimited supply for free by those who create it.) Making Fiat Currencies Digital only ensures that the Central Banks can write the monetary rules that nobody can stop or resist, meaning if they adjust transaction fees or interest rates, everyone feels it, and that's not even mentioning inescapable taxes and monetary surveillance. The FIAT currencies must not be a store of value! Otherwise, we have difficulties with the new digital FIAT system. Look at the mess we are in today with FIAT currencies. People should only be able to use the central bank-backed digital dollar as a mode of payment and not as a store of value. They will achieve this by having a negative interest rate on your account. By the way, these central bank coins won't ever work. 1) It will be a closed blockchain; they will not want the public knowing who gets the free money. 2) The total number of coins in existence will never be known; this will also be a secret. In My Opinion, they will have a very limited shelf life (less than five years). Pretty much and absolute control of transactions. The Central Banks would never relinquish control over the monetary system; they just want to digitalize it so they can print all that free new money (Ad infinitum). Now time is finally coming for the Global Central bank. It was always there, but now they will have what they wanted all the time. Negative rates are staying for many reasons, which you know well, and the debt itself is another story. Beast needs new blood. (and I won't touch Equity Derivatives, Derivatives themselves, ETF's, etc. For that is way up there) This time, however, they control the numbers in different ways and decide manipulations as they would wish. Control is unprecedented. They know well the system is broken, so let's start something they have been working for a while, yes let's reset the system and start the Casino refurbish. The Fed cannot create money; only nature can create money. The Fed has expertise at creating bondage since it's been doing it since 1913. The good news is their scam is coming to an end, but they will have digital cash, which isn't money either for the chattel to use. When managed by the government and central banks are part of the government, Electronic money, Central Bank Digital Currency (call it what you want) will be managed by policy. The "policy" will be that of the country's political regime. We know that will be "blowing up the dam" with regard to currency available and in circulation, without any cost of money and, therefore, no way to assess the value of any good or service. Electronic money is just a way of eliminating the cost of money. All governments are in a tight box. None of them can afford governance because their predecessors have already committed so much of government tax revenues to just servicing the debt. In the USA, the private sector will not be generating sufficient capital to purchase the coming debt sales. The FED will have to step in. When it does, it will issue the Treasury a right to purchase anything from the private sector, and the US Treasury will give the FED a completely hollow promise to repay the borrowing. Go ahead and stick your head below your belly button and pretend that the scheme is not simple expropriation of goods and services. 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 the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. The Fed's ultimate goal is total control and to prevent bank runs. Bank runs happen when people understand the implications of four facts: 1) Banks don't lend money; they create currency that did not exist the instant before the loan. 2) Depositors finances these loans, and the loans are a substantial multiple of deposits. The deposits are not loaned out. The amount of deposits are simply a number that is used to tell the bank how much new "currency" the bank can create. 3) One person's loan is another person's deposit . 4) There is NO "real money" in the system. When there exists insufficient real money to service all this credit, all those loans default...because it becomes mathematically impossible to pay them. Neither Central Banks nor CBDC solves ANY of these issues. They simply delay the credit collapse and thereby increase its impact. People won't have to work as hard as they once did for their binary 0's & 1's, which can be printed by virtual keystrokes. I wonder how the counterfeiters feel about this new paradigm? If the government goes digital, the only private crypto coins allowed will have to be government-approved, therefore tracked to the infinity digit. A cashless society is an enslaved society, and not that we aren't in bondage to the Fed already. It'll just be worse when every transaction will be tracked. Cashless societies are a statists wet dream come true. One, they want to tax you on every breath you take and every flush you make. Two, they want to negate the possibility of bank runs on a failing currency, war, hyperinflation scare, or calamity. Three, they want to turn you off if they don't like you. Four, they are going to jack taxes so high that evasion will become a new national pastime; the digital currency will eliminate evasion. Five, take my vaccine, or we will shut off your chips/cards. “Burkhard Balz, a German politician and executive board member of the country's central bank, said in a speech on Oct. 20 that it was crucial to build tools to restrict how the digital euro is used upon launch.” The catch is always in words, and sometimes they will give you a few clues as to what’s going on. They are preparing for the full-blown global digital system; actually, they are pretty much ready; just they make sure blockchain is in full swing. And now, with the populace preoccupied with stage 2, other nations trying to go through another lockdown, debt getting totally out of control, he speaks to a different audience. And I won’t touch on cryptocurrencies, for that is a bigger topic in itself. Be ready for that switch being turned off and on; reset is in full swing. Dollars are tangible. Credits are not. And when they take out our grid or communications go down, so does your ability to buy something. That means Everyone must have a phone or digital mark to buy something—no more physical currency. There is one and only one reason to dispose of cash. To give the bank cartel TOTAL control of overall finance, and coincidentally, all activity. They are devising overcomplicated and increasingly creative mechanism designed to confuse Main Street, making people feeling good, getting them to spend, spend, spend the money they don't have, and pray a miracle shows up, and the economy fixes itself. If not, this at least buying some time before it eventually collapses. The bonds were placed at a negative yield on the 10-year tranche! So in our next crisis, who is going to be buying all these negative yield bonds? Nobody wants these bonds for any length of time and is buying with the guarantee that the Fed will buy them back, and investors make a profit. That is why so many wanted them, and they knew they could turn a quick profit. No one in their right mind would buy otherwise. Smoke and mirrors just like the FED doing QE claiming they are buying $120 billion a month to ensure credit keeps flowing to households.But in reality, they are taking assets and their corresponding incomes streams from banks and crediting banks accounts, increasing their reserves held at the FED which they can do nothing but borrow against as this is not money as the FED cannot print and banks are not lending, increasing lending standards and buying treasuries and keeping some but flipping the rest to the FED for a profit. The whole thing is one giant scam as rates go lower, these dollar-based assets held by the banks and central banks, including foreign central banks, gain in value, and consumers and businesses get screwed more as they cannot borrow and savors and retirees who once depended on interest income to help them survive also get screwed by the FED and the banks! If only everyone would just wake up and overrun the silver/gold supply after they come to the sudden epiphany that their life's blood, sweat, and tears are represented by monopoly nothingness. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

👉This is How Wall Street Become Addicted to Stimulus Money

geraldcelente@gmail.com (Politico Cafe) — Wed, 21 Oct 2020 12:44:00 -0700

👉This is How Wall Street Become Addicted to Stimulus Money The Financial markets have been waiting patiently for a fiscal stimulus. The market is going up every single day on the promise about the stimulus. Every single day we hear that the stimulus is getting closer, and the market is positive, and then the futures are up, and the cycle repeats every day. Traders and investment firms are trading on the momentum. They are trading on the speculation that the federal government will have a $1 trillion+ economic bailout package soon. Earnings have been replaced by fiscal stimulus. An entire global stock market with a foundation of DEBT! Give this crack-addicted economy yet another shot before it woes into terrible, painful withdrawals! That is the main reason I think we're still hitting record highs, with the economy in shambles. A large portion of that $1 trillion+ will also go to the banks because the near 0 interest rates are earning very little through non-junk bonds and treasuries. Millions of Americans out of work or struggling to pay the rent or buy food are also desperately waiting for a stimulus. A stimulus package isn't going to save anybody, let alone the economy. It's just a bandaid for the sheeple. WALLSTREET WILL LOVE MORE STIMULUS. MORE FOR THE HAVES AND LESS FOR THE HAVE NOTS.They will stimulate their egos with pats on the back for a job well done! When the market loses the plot, cash-out, only an idiot thinks you can create prosperity out of thin air for much longer than it takes to hold an election. This baby is going to blow like nothing was ever seen before. It will either be a total deflationary collapse or hyperinflation like Weimar, Zimbabwe, or Venezuela. No way out of it now!!! 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 the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. If you haven't figured out that the FED and US Treasury are the current market drivers and are being used to manipulate the market and delay a major economic downturn or recession until after the election - you aren't a credible investor. After November the 3rd, there are no further political gains to continue the FED stock buying and debt printing in the economy - and fundamental economics will once again descend on this house of cards market. Voters by large, see the stock market as the primary economic indicator and ignore economic fundamentals - until their loans are foreclosed on. This basic public economic ignorance is a sad reality that politicians have to deal with - even if it means they gain politically but ultimately cause or contribute to a major economic catastrophe. Declining GDP and increasing debt will continue until a tipping point is reached in US economic credibility - and the inevitable catastrophe of a US economic collapse happens. As the monetary and printing theory favors specific kinds of either critical finite resources and or fungible assets with low convertibility costs. The FED has been printing like mad for the past four years, economically coasting on recovery and to keep the Wall Street ship afloat. Sooner or later, basic economics - both fiscal and physical will force fundamental economic reality on both political parties and the US consumer economy. It seems logical that all wealth centers - personal and private - have a vested interest in preventing an economic slowdown or stagnation and especially a collapse. The differences today/right now in the year before the elections are only degrees of aggressiveness in increasing the artificially created money supply. There are vested interests to maintain and preserve wealth standard condition wanting "free money" - but now on top and plus - the political motivation to provide at least the appearance of securing and preserving that wealth via money creation. Like morphine for pain, free money is as addictive - is as dangerous - but with more fatal withdrawal symptoms. Wall Street is not only addicted to free money but daily inebriated and euphoric with it. In my opinion, there are no fundamental economic solutions (real) fiscally or physically possible for the US - without major shocks to the consumer economy and wealth centers. Now it's just a matter of time. Another stimulus happening soon would be more convincing if so many people didn't throw the last one all into the bank or stock market. The stimulus was meant to stimulate the economy. And pumping the stock market only to wait for it to fall back down isn't exactly stimulating the economy. What stimulates the economy is reopening businesses, and a fiscal stimulus doesn't do that. Also, money in the bank SHOULD stimulate the economy, as it would, in theory, give more money to banks to lend to people and businesses that need it. The problem is that the Fed has basically displaced all private lending, so there is no need for banks to woo depositors. The Fed's Money Printing is not a Stimulus. It is fiat money printing. AKA-how to devaluate the dollar quickly. Devalue, depreciate, debase, even eventually completely disable the American Dollar. You can see the drop relative to other currencies daily in the US Dollar Index DXY Chart. This is the change against a basket of currencies, which could all be dropping as well, depending on the policies of their corresponding central banks. So the buying power of the American Dollar could actually be dropping even faster than this index indicates. Even on days when the Dollar is gaining relative to the other currencies, it could still be dropping in purchasing power terms. There is an important distinction between fiscal and monetary stimulus. By stimulating with fiscal policy, we create more demand for goods and services that would not be there otherwise. It also helps people that have been impacted and hurt by the pandemic through no fault of their own. There are a number of parents (primarily women) that had to drop out of the workforce to help kids learn remotely. Others, like food servers and those that work in hospitality, are out of work. They need help, and that additional income creates demand. The Fed is pumping money into the economy and helping to keep credit flowing, but it is not as targeted as fiscal stimulus. It artificially drives the market, helping only those that are invested. For the most part, it isn't doing much for the unemployed. Fed Money Printing would be QE, aka monetary stimulus if it did not get subsequently distributed by the Federal Government directly to the American public. In other words, if the government just spent that money eventually in going about its own business. The flow of money is time-wise backward since the Federal Government’s Treasury department gets the money first from the buyers of their bonds. Then many of those buyers sell their bond holdings to the Fed for money printed from thin air. (The Fed money printing that is used to buy Treasuries mostly flows in this manner to the Federal Government for the debt that government issues via those bonds.) But when the Federal Government sends money directly to recipients in public, such money is considered as being a fiscal stimulus. The money is still ultimately created by the Fed, but the spenders are different. In this case, the spenders are the desperate folks in the public who often have no other means to pay rent and buy food. But The Fed and this administration have made it crystal clear only money to prop up the stock market. Jerome Powell is no Paul Volker by any stretch of the imagination. Jerome Powell is not doing stimulus; he is the operator of a printing press and may as well be throwing dollars out of a window. Putting money into the hands of the working class to purchase will stimulate the economy, but we only did that for the first few months of the pandemic. The US has ten more weeks to go until January 1, 2021. I fully expect there will be another 10 to 11 million more layoffs, if not more. A fiscal stimulus is needed, but there hasn't been near enough of that. The stimulus is akin to starting fluid for an engine. It may help, but it will NOT cure other problems inhibiting the engine from running. Big government bailing folks and business is NOT the answer, especially if that conditioning encourages the wrong long term behaviors. The business has been piling on debt like leverage is the answer to their problems, and consumers have been living to paycheck to paycheck as their financial condition will ONLY improve!! Paper is not money. Gold is Money. Fiat currency must be curtailed, and real money returned. Capitalism can not work in a corrupt monetary environment. The economy will not sort itself out because it's heavily manipulated. Although the Fed insists otherwise, the central bank really has no tools left except money creation, and the Fed will keep printing money in a panicky attempt to prevent a financial collapse. As politicians and economists in Washington deem what is appropriate for the American people, it will be the very individual for whom these policies were intended who will have to eventually pay for these policies, whether through inflation or taxation. Unfortunately for the American citizen, when the plans of Washington are successful, it is the politicians and their special interests who reap the rewards. The smoke and mirrors of Keynesian economics were able to delay the inevitable collapse, but only for so long. At some point, the bill comes due. Milton Friedman once said, "If something can't go on forever, it won't." Every time they print more money, the money you get & already have gets worth less. Prepare to use a wheelbarrow as your wallet. The money created sooner or later has to be made up for in productivity, or the money supply itself eventually becomes so dilute as to have no value. That is what inflation is. In this sense, the money created is "borrowed" from futurity. The dollar will collapse before digital currency can be rolled out. Then, we will have no alternative but to use the CBDCs. Their whole plan is to replace the dollar, and other fiats, with CBDCs, so why wouldn't they collapse the dollar? It's no secret that central bank policies around the world have become more desperate over the last decade in an effort to stimulate their economies. It'll be interesting to see what comes of this Quantitative Easing experiment, but I think the chickens will come home to roost a lot sooner than 2029. This could come in the form of a serious permanent jobs disaster and weakening economy sometime early next year. There may be some great picks out there, but I don't think the broad market is in for a solid better part of a decade without a serious bear market. First, the Fed stole our gold, then our silver with larceny by trick, and substituted it with their worthless paper and tin/copper crap. Now, they are taking the anonymity of our paper currency and making us work for their IOU electrons - so they can track and tax our private purchases. Seize, Audit, and end the Fed. 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! Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

America 2020 -- Food Shortages & Farmers Bankruptcies

geraldcelente@gmail.com (Politico Cafe) — Tue, 20 Oct 2020 13:15:00 -0700

America 2020 -- Food Shortages & Farmers Bankruptcies The head of the UN World Food Program repeatedly warned us that we would soon be facing “famines of biblical proportions”, and his predictions are now starting to become a reality. We have already seen food riots in some parts of Africa, and it isn’t too much of a surprise that certain portions of Asia are really hurting right now. But I have to admit that I was kind of shocked when I came across an article about the “hunger crisis” that has erupted in Latin America. According to Bloomberg, “a resurgence of poverty is bringing a vicious wave of hunger in a region that was supposed to have mostly eradicated that kind of malnutrition decades ago”. We are being told that food shortages are becoming acute from Mexico City all the way down to the southern tip of South America, and those that are the poorest are being hit the hardest. Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Most American Families are Deep in Debt and Living Paycheck to Paycheck

geraldcelente@gmail.com (Politico Cafe) — Mon, 19 Oct 2020 09:38:00 -0700

Most American Families are Deep in Debt and Living Paycheck to Paycheck Most American Families are Deep in Debt and Living Paycheck to Paycheck Coming into this year, most Americans were living paycheck to paycheck and were very deep in debt. That works okay as long as the paychecks keep coming in, but once they stop things can take a disastrous turn very quickly. Today, the average American has accumulated $90,460 in debt, and Generation X is drowning in more debt than anyone else… Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

This Debt and Deficit surge would have been unimaginable just a year ago

geraldcelente@gmail.com (Politico Cafe) — Sun, 18 Oct 2020 13:07:00 -0700

This Debt and Deficit surge would have been unimaginable just a year ago The National Debt Clock is flashing a major warning, Red Alert! The federal deficit tripled to a record $3.1 trillion in fiscal year 2020, with the budget gap ballooning to a share of economic output unseen since World War II. While most people are aware the national debt has exploded, it brought my focus back to this subject. Many of us that watch the economy closely are still trying to get our heads around the rapidly unfolding pandemic crises and the impact of trillions of dollars flowing into the financial system. America's debt has soared past 27 trillion dollars and is now expected to leap by several more by the end of the year. Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics