tag:blogger.com,1999:blog-48496197533240191292024-03-05T09:26:17.296-08:00BUY SILVER & GOLD How to Buy Silver and Gold Bullion|Buy Silver Bullion Bars|Silver Bullion Prices|Silver Bullion Coins|Silver Bullion Bars and Rounds|Scottsdale , APMEX , Engelhard Silver Bullion|American Eagle , Canadian Maple Leaf Silver Bullion CoinFRDhttp://www.blogger.com/profile/08376526360809573263noreply@blogger.comBlogger624125tag:blogger.com,1999:blog-4849619753324019129.post-74233558586511854742021-03-19T07:36:00.003-07:002021-03-19T07:36:28.438-07:00👉How to Invest in Silver with Silver Expert John Lee The Silver Elephant !! 👉How to Invest in Silver with Silver Expert John Lee The Silver Elephant !!
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👉How to Invest in Silver with Silver Expert John Lee The Silver Elephant !!
John Lee is an entrepreneur with degrees in economics and engineering from Rice University. Under John’s leadership, Silver Elephant (TSX: ELEF, OTC: SILEF, www.silverelef.com) raised over $100 million and acquired substantial silver mining projects in Bolivia
John Lee is a portfolio manager at Mau Capital Management. He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. He previously studied under Mr. James Turk, a renowned authority on the gold market, and is specialized in investing in junior gold and resource companies. Mr. Lee's articles are frequently cited at major resource websites and an esteemed speaker at several major resource conferences.
Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-26077378026785184642021-01-30T18:51:00.003-08:002021-01-30T18:51:51.853-08:00👉Top 11 Reasons The Short Silver Squeeze Is Very Possible👉Top 11 Reasons The Short Silver Squeeze Is Very Possible
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Is a WallStreetBets Silver Squeeze Possible?
Top 11 Reasons The Short Silver Squeeze Is Very Possible
The GameStop, and the Silver squeeze is a paradigm shift that has rattled Wall Street to its very core.
Millions and millions of small investors attacking stock after stock, breaking every greedy hedge fund there is! I'm certain this is Wall Streets' worst fear right now! There's just no way to stop the millions of ants devouring everything that gets in their way!
Just imagine millions of pissed of people SHORTING Facebook, Amazon, Twitter, and other politically activist tech companies.
The Reddit WALLSTREETBETS triggered a run on silver, investors bought 28.3% of last year's ETF total in 1 day.
The math works out, but I doubt the general public would even bother. 10% (or less) of the American population even know what silver or gold even look like.Most people don't have any money in the banks anyways. It would only take a very small percentage to remove funds, buy physical Precious Metals and start the dominoes toppling. In an infinite Ponzi Scheme, until physical supply gets squeezed, no paper short squeeze can happen.
Millions and millions of amateur traders are sticking it to the man as a thank you for 2008.
Meanwhile, the Market manipulators are the ones calling it market manipulation. Is that Not Ironic!
When Wall Street wins, no problem. When Wall Street loses, suddenly we need more regulation. Only because they have lost control to manipulate!!
Rules for thee; not for me.
When a big firm blows out, there should be NO BAILOUT.
If the Millenials can squeeze silver, it's the end of fake Fiat currency. Those crooks changed our real money in 1971 to this fake fiat currency. We the people, are waking up to the corruption in a system that is tainted, broken, and controlled by unethical people.
If we all bought physical gold and silver and demanded delivery on the paper contracts we could bring this great Ponzi experiment called the markets to their knees. There is so much fake paper they couldn’t even cover 10% of it. It would ruin them all.
Wait until we all buy physical silver. Let the games start. Silver bullet into the heart of the banksters. WE THE PEOPLE.
On the first day since the Reddit WallstreetBets group started targeting the short position in the silver market, the amount of metal added to SLV was 14.7% of the entire investment supply from last year! It’s a stunning development, as at that rate, these investors would take the entire amount of silver that went to investment last year, in just 7 trading days!
SLV added 37 million ounces on Friday (according to their data) ! With short squeezes going on in the stock market, that have now spread to the silver market, the first reports are in. And the SLV trust is reporting that 37 million ounces were added in just one single day on Friday! ! Keep in mind that there are other silver trusts that likely added metal as well, and it seems like the Reddit WallStreetBets crowd certainly made an impact yesterday!
A short squeeze on SILVER would be a serious situation. It will for sure expose the Manipulation of Precious Metals. It will bring SILVER to its true value of around $6500 an ounce, being that Silvers market cap is about 1.4 trillion dollars and about so many billions in ETF, Paper, derivates (something like that, whatever it is i could be wrong on this maybe its way more ). If people bought anything silver from physical, to paper, derivatives, ETF and silver mining stocks it would literally bankrupt not just the American economy, but the global economy. All central banks in the world including The IMF would go bust. They would have no choice but to RESET the economy(maybe this is what they want, But thats another story) .
Imagine if people that owned those ETF or Paper and derivatives, and saw the price rising exponentially and wanted to cash in on them or wanted their physical silver in exchange. The banks would not have enough physical silver to cover that they would go bust. Once you Short Squeeze Silver, what is next in Line? GOLD with a market cap of 10 trillion would expose the true value of GOLD which probably sits around $30000 to 40000 an ounce. First we have to get through Silver to do this. Think about it, Bitcoin has a market cap of what 6-700 billion and it sits at $33000. Wait till BTC goes into the trillions with the amount of monetary energy it can and will store. If you can, your best bet is to take all your savings out of your Bank accounts and start of with buying physical SILVER in your hands. (if you want to short squeeze this) Taking your money out of your bank alone will cause banks to suffer greatly. Your money will be lost sitting in the banks. We are living in the Age of Aquarius, the Age of Truth. Age of tech/digital/communication. The liars and cheats will be exposed. It is written in the stars. AS ABOVE SO BELOW. Hold on to your hats this February. Just remember if this is to be done and people may make tons of Money just be sure to share with the less fortunate who weren't able to do this because they lost everything during these times. We the people. It is time to have each others backs. Be well and happy everybody. Buy Physical SILVER not PSLV. Buy the physical not paper ETFs. That is how we break the shorts!
We the people worldwide!
Everyone get on board!!
Silver can destroy the Babylon system.
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Silver is the Epitome of Wall Street manipulation and Its Achilles' heel .Top 11 reasons why the short silver squeeze is very possible:
#1. Naturally occuring, available quantity of gold/silver has a ratio of 1:8, yet the price ratio is 1:70! This ratio could drop massively, increasing the silver price. That's not all: Remember, silver is significantly lighter than Au, so most of the historic silver mines were nearer the surface of the earth - most of those have been depleted and today over 2/3 of silver is mined as a by-product above-groundes. The actual above ground number of ounces of silver is LESS than Gold! That is because over 40% of the annual mining production of Silver is consumed (non-recoverable).
The above ground inventory is so tight that a small group of autists and retards could theoretically wipe out most dealers' inventory in 30 minutes, using pocket change. This pushes the dealer to pressure the spot price.
#2. Green & other future technologies will require a lot of silver for efficiency purposes since it’s the absolute best element to conduct electricity and has other unique properties that no other element can substitute. Many central banks (ECB & FED) have talked about “green QE” = buying corporate stocks that produce green energy technology = Central bank indirectly funds the future silver short squeeze!
#3. Silver is still 50% down from its all time high ten years ago! The quantity of silver mined has been far lower (end even decreasing) than the increase in inflation, and silver is a good hedge against BOTH inflation AND deflation, historically speaking. If accounted for monetary inflation, the natural equilibrium price should be around 1000$, but this can be pushed higher due to the massive short interest of the bullion banks. They already made loss from their silver shorts in 2020, but that was a fraction of the short interest they still have.
#4. Historic justice. The silver price has been artificially kept down for nearly 100 years. First by the US government from 1935-1970 because it was too effective as a hedge against inflation. Afterward, and this was confirmed by WikiLeaks, the US & London bankers took over this role by pushing the creation of the precious metals section at the COMEX so that banks could artificially keep the price down. You see, they let the COMEX or LBMA sell futures contracts and options, and each time many contracts are near expiry and ITM (profitable), they pull a massive naked short. This has been going on for 50 years. But unlike the Gamestop stock, it IS FUNDAMENTALLY UNDERVALUED.
#5. The precedent. The silver squeeze has happened before - when it went from 6$ to 50$ from 1979-1980 - due to the Hunt brothers hoarding the physical and buying more via futures that were supposed to be delivered. But before this delivery, the COMEX changed the rules and demanded futures had to be backed by margin, which is why the brothers got an engineered margin call. This caused the markets to panic-sell their silver, which ended the squeeze. If two brothers can realize the silver squeeze, many retarded brothers can do the same. Important to note here: the Hunts probably achieved their play because they uno-carded the big bullion banks.
#6. The retarded game of musical chairs. They have so much short interest and vastly overstated stored silver reserves (due to double counting & other deceptive accountancy practices), that there's an ENORMOUS divergence between silver traded on paper and actual, physical silver: around 200 to 400 times more paper silver than physical. Gamestop is nothing compared to this. If every autistic retard here demands physical delivery or, even if staying stored in a vault, demands that their silver may not be lent out, the short squeeze of short squeezes could easily be realized.
#7. What if there’s not enough Silver? If they can’t hand over the physical silver, they will legally still be obligated to pay the price of that silver at the moment you exercised your ITM option/contract! But it gets better! If they indeed fail to deliver physical, they have to pay you the gains you made + a premium (extra money), to sort of buy you out of demanding the actual silver. If enough people would use their collective retardedness to decline this premium, the premium would only go up, as would the silver price! And since the counterparty of these options and contracts mostly are big investment banks, they absolutely have the money to pay for this. Seems like a way more effective wealth transfer than stimmy.
#8. Backwardation (retardation) & Shadow contracts. Backwardation is the divergence between the spot price (= buy directly at this moment) and the futures price. More specifically, it means that the current price of spot is higher than the futures price. This is unnatural and certainly in the present macro-economic environment since it implies that financial actors expect that the price will drop. So why did we experience a lot of backwardation last year, during a bull run? Simple: there was such a strong demand that it was easier for providers to deliver later since they didn't have enough physical in inventory. More backwardation = more signs that there is a lack of physical inventory. In fact, there were many signs that the backwardation and actual demand that was physically delivered was suppressed with the use of "shadow contracts". These contracts are deliveries of physical that they try to hide with big boy accountancy tactics. Increase in backwardation and shadow contract = squeeze squeezing squeezier till it will be squeezed.
#9. They Can't issue more silver - unlike the fact you can issue more stocks or fiat! Furthermore, silver is an extremely safe store of value - as electronic means of payment, all depend on electricity, and electricity depends on silver.
When silver shoots to the moon, authoritarian countries, especially The US will scramble to get a strategic supply and thus feed us many tendies. Also, it is an amazing hedge against the unavoidable future inflation, which is necessary to monetize our global debt. Physical ownership also deters paper hands. Lastly, it takes YEARS to properly set a new mine. Today, there's also a growing risk The US will nationalize their mines, further constricting supply.
#10. Alpha JP Morgan has our backs! JPM, due to its actions, is probably on a tight rope above a valley of aggressive criminal lawsuits - for at least the coming few years. It has therefore ended most silver shorts and now mostly holds physical silver. They know they can't short much anymore because the schmuckery needed to manipulate such fundamentals would be gravely persecuted. This is great. The shorts have been taken over by smaller, Melvin-like institutions. These already showed they are way worse at manipulating. Eventually, JPM will ride the wave with the plebs, since the worth of their own physical would then grow multiples! Retards will ride the alpha to screw the beta .
#11. Technical case. If the above wasn't enough, there's also a very strong technical case to be made, my fellow technicals-loving-autists. The bull run is written in the stars, as technical patterns and indicators predicted it long before WallstreetBets & larger retail knew about it.
Buy 100% physical-backed futures/options or just pure physical silver = a) SLV calls - b) PSLV, c) silver & d) Miners (which are less efficient, since miner stocks follow the spot price.) And e) Delivery from warehouses for rich autists that can take them without margin.
DON'T BUY CDF's or FOREX Silver or unbacked futures/option - they're NOT backed and could prove worthless + they facilitate naked short manipulation !!
Signs are the paper Ponzi is already imploding.
As of today, the spot price of silver already rose from $24,8 on 28/01 to 27,6$ on 29/01. And this is just the beginning. Give me Silver or give me death!
Squeeze the Silver manipulators & cut-off the head of the vampire squid. Crash JP Morgan!!
Let’s squeeze the silver shorts!
They have DECLARED WAR on We the people! BUCKLE UP; it’s gonna be a bumpy ride.
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Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com1tag:blogger.com,1999:blog-4849619753324019129.post-4924577478274249472020-09-30T07:51:00.003-07:002020-09-30T07:51:39.479-07:00👉JP Morgan Fined $1 Billion for Gold, Silver, and Treasury Markets Rigging.👉JP Morgan Fined $1 Billion for Gold, Silver, and Treasury Markets Rigging.
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JP Morgan Chase was just fined $1 Billion by US regulators for rigging the precious metals and treasury markets.
JPMorgan to pay a record $920 million to resolve U.S. investigations into trading practices over its role in the manipulation of global markets for metals and Treasurys. This is the largest fine ever for spoofing in the metals markets.
Scotiabank , who was also recently fined $127 million, together with JP Morgan used spoofing to lower precious metals prices and take the gold right off of the market. The bank quietly settled a long-running lawsuit that accused the bank of manipulating precious metals markets with spoofing trades.
One billion fine is nothing. JP morgan has trillions. A billion dollars is like a chump change to them.
A drop in the bucket. That's just a small tax on their criminal activities. A drop in the bucket compared to the money they have literally stolen from others. They need to be fined the entire sum they have made in profits doing this over the past 20-40 years. Governments and judicial systems need to punish them severely (not just serious fines but jail as well). And what about retail investors who have lost and or suffered stress as a result of JP Morgan's actions?
They should pay compensation for losses due to their manipulation. And they should not be allowed to trade for ten years.
These people should be jailed and shut down. They are criminals running a criminal business.Billion dollar fines obviously are laughed at and isn’t slowing them down a bit. It looks like they could get these fines all day long. Crime does pay after all. Manipulate at will, make 10 billion in profit, get caught, pay a 1 billion fine, no jail time, repeat process. Sounds like a winning strategy to me.
Silver was just slammed again this week. They just keep doing it. It is mind-boggling the extent of the corruption, manipulation, and greed that is constantly on display by these immoral institutions.
Jail time and revoking their license should be the only option. But justice is a comedy in the US. Some people like Jamie Dimon are just simply above the law.
The options market is used to take massive paper profits by the same banks that are shorting futures and spoofing prices down, with little to no risk. The $1 billion fine is clearly not enough. If you REALLY want to fine them, make them pay in gold!
JP Morgan now has in the trillions in gold.
The banks and wealthy individuals have already won by taking possession of gold and silver at discount rates. They’ll be laughing at the fine.Total unaccountability.The system is a mafia-style racket. So they’ll recover that money and its back to the next rort/fraudulent dodgy deal; as usual.
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For eight years, a group of traders at JPMorgan systematically spoofed precious metals and Treasury futures markets by entering hundreds of thousands of orders with the intent to cancel them before execution.
When everyone was short Crocs, the hedgies bought big, causing a short squeeze. If everyone went long silver, the price would come down. If everyone went short silver, they'd cause a short squeeze. The house always wins.
The manipulation by banks has been an on-going debate for more than ten years. However, no one has actually demonstrated through quantifying the data on how and why this actually works; spoofing on the surface may appear to only affect short-term trends, but obviously, this is not the case. Banks and the inside-elites are able to short and basically legally rob all the longs on the way down, close out their short positions and then jump into the futures delivery month to take physical. The only way to stop this is legislation or enforce limit positions.
JP MORGAN should not be allowed to trade in gold and silver due to the conflictual nature of their business. They should also be prevented from contracting the services others to do so on their behalf.
Like HSBC and laundering money for the drug cartels, nothing will change.
A small fine(relative to the profits) , but no one gets arrested. Those who lost their money due to the rigging are not receiving any compensation for their losses, and the crimes continue immediately. The Dimon´s and the likes need to be put behind bars for this to stop.
This was a slap on the wrist, a light slap compared to the profits they've made. The precious metals are getting slammed again—business as usual.
To people who save gold to combat these uncertain times, these spoofing activities are, to say the least, troubling. The fine is not even a slap on the wrist, but rather, just the cost of doing business in order to pocket multiple billions. It is inconsequential to these thieves. I vote for jail time. Surely this will get their attention.
One billion is a kickback for the trillions they've made.
Wrist slapped; keep going. I wonder what sort of miracle it will take in history to see some of these guys go to jail?
This is ridiculous! No more fines; Jail time must be served. Revoke their licenses. Jail the directors. Seize the assets.
Not only should JP Morgan not be allowed to trade gold or silver, I think they should have to give up their entire supply of both for rigging the markets. The fine they received will pale to compare with the gains they will make from manipulating the markets.
You know they have connections when they never go to jail!
It's pretty clear Jp Morgan is part of the club.
This is a con game between the banks and the government. Very profitable for the government. It's more expensive to take the banks to trial.
JP Morgan is untouchable; they are a schill of the Fed. And the Comex is still doing what they have been doing until the Fed is dead. All markets are rigged.
JP Morgan is an agent of the Fed. Their manipulation of precious metals was on behalf of this criminal corporation. This is why the CFTC investigated their silver manipulation for five years and then did nothing. They discovered they were acting on behalf of the corporation. JP Morgan is the same guy that created the federal reserve.
JP Morgan is in collusion with the USDC corporation and the private Federal Reserve bank. You are delusional if you think something will be done about this issue. There are no good guys, only those playing their given role. The price will probably never go above 50 Federal Reserve notes per ounce. These men are silver pushers, and I'm sure they get kickbacks from sellers. Like in the movie Training Day, it doesn't matter what you know, only what you can prove. They are all working together .So don't expect anything to happen. Much more importantly, the government has the authority to manipulate the price of precious metals. They never talk about that because they just want to push the metals, so again they are metal pushers. They create currency because they use people as the surety for the debt of the USDC, and they are US citizens, also known as 14th Amendment citizens.
JP Morgan are above the law and are clearly not going to have to change anything. It seems whatever they do, the Fed has to accommodate. And there is no end in sight to these crimes.
What if the big buyer behind JPMorgan’s gold and silver purchases are actually the U. S. Government. Assuming all the Central Banks are keeping a close eye on each other’s gold reserves (or as close as they can get to China’s).Maybe Uncle Sugar is allowing JP Morgan to manipulate the market to load up (refill) the U.S.’s coffers with physical while JP Morgan gets to keep the profits from the shorts. Since there’s been a lot of attention lately on the fact that some unknown entities were spoofing the market ;and the U.S. regulators appeared to be asleep at the wheel. JP Morgan was slapped with a token fine near the end of the scheme to do some track-covering.
Now the dominoes begin to fall,
As far as prices of the metals are defined by these markets, gold and silver prices are to be open to rigging operations. By doing so, they cause big damage to the economy, and they are stealing people's wealth.
All of this has had the blessing of the US government and the Fed.
Just look at how the SEC and CFTC do act or rather don't act, and it becomes more than obvious. This current financial system is rotten to the core because it was designed that way. It has to implode and be replaced by something that is transparent and honest. Bankers don't even see how that would be possible because they are the problem.
The minuscule fine is strictly PR and designed to look big. In reality, it's just a cost of doing business, and JP Morgan is laughing all the way to the bank...oh, they are the bank! Haha! The spoofing joke is on us. All this charade is about is throwing us a bone, to quiet us down, to put on a show that DOJ/CFTC are doing their job.They are not. This fine changes nothing. The simple fact is this: the Precious Metals markets will continue to be manipulated, and prices suppressed to support the fiat monetary system AND to enable the rich folks to rob gold and silver from the COMEX for a song. Period. Don't look for this to change anytime soon.And before you think that astronomical valuations in terms of dollars will help you, it just might in the short run, but only at the expense of further impairing the markets and the economy and making life in the future more difficult for our posterity.
In the near term, gold is still going to get hit and go back down for a while before the non-choir members rush in. So keep buying the dip. The markets will crash, oh yes, but they will also eventually recover even if this next crash and failure to recover is a function of deflating asset prices. And while many will pile into bonds when that happens, risk-free bondholders who NOW are holding risk-free? Well, they will make a killing. Sure, some who don't generally buy gold will panic enough to scramble for Precious Metals. This will cause prices to go up on this demand, possibly as never before. So for now, keep getting physical gold and silver and hold this in your possession. Don't screw around with phony paper products like the suckers do.
With regard to true measurable value, value is only what governments say it is. Currently, governments have agreed that value is digits on silica chips. Thus, currencies are illusions. Not Real value.
Pure, uncorrupted value equals only the necessities required to sustain life. Hence, currencies, including all other illusions, are known as gambling or taking a chance. In keeping all odds in your favor, for obvious reasons, you may consider real value before choosing the game of chance. Keep on stacking gold and silver, Stay Free, Stay Alive, life is good.
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!
Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-65559192854944498922020-08-28T15:15:00.002-07:002020-08-28T15:15:19.286-07:00👉Indian Households Hoard $1.5 Trillion of Gold !!<i><b><br /></b></i>👉Indian Households Hoard $1.5 Trillion of Gold !!
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<i><b><br /></b></i>People in India adore gold. Newlywed brides are given enough jewelry to break their necks. Peasants store their pitiful savings in trinkets. Wise-guys sport rings like knuckle-dusters and tycoons with broken balance-sheets offer gold at temples in return for redemption. Even as economists and officials beg them not to, Indians splurge on the shiny metal.
Nobody around the world more than the indians understands that gold tends to store value and that in the end, gold is money .
Gold is not just a luxury in India. Even poor people buy gold.
When rural Indians have money in their pockets, they buy gold.
Indians buy gold for a variety of reasons, such as for its auspicious sentiment; as an investment. Gold continues to command long term value, a tag for being a safe haven; hedge against inflation, asset allocation, etc. Gold also carries a high perceived value and a high emotional quotient. It reinforces the closeness of relationships. Gold coins in smaller denominations are also considered apt for Corporate gifting and rewards for contests or for commemorative giveaways.
In 2019 India imported more gold than any other country—about 831 tonnes or a fifth of global annual supply. That is the same amount that sits in the central bank vaults of Switzerland.
Indian families are sitting on the world's biggest private stash of gold, and are rushing to borrow against their jewelry as the precious metal rallies to records, and the coronavirus pandemic fuels an economic downturn. Financial firms and banks are using that demand to lure more customers from pawnbrokers and money lenders.
Collectively, Indian households own an estimated 25,000 tons of gold.
World Gold Council estimates that Indian households are sitting on a $1.5 trillion hoard of gold, the biggest of its kind.
Gold is the lifeblood of the Indian economy. Even now, it is serving as a valuable source of liquidity during the country’s credit crunch.
From its side, the board of the Reserve Bank of India (RBI) is considering significantly raising its gold reserves.
The RBI is mulling upping its gold holdings from the current level of 6.5% of total reserves to 10%. As part of the move, the Indian central bank would also lower its holdings of US Treasuries.
Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons of gold last year. That was the second-highest level of annual purchases for 50 years.
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Gold is of serious importance in Indian marriages and very important because people of all ages, whether from the girl side or the boy side, wear attractive gold ornaments. Wedding star - The bride has gold ornaments from her head (mangitakka) to her feet (anklets). Gold is an auspicious precious metal which many believe in bringing wealth and prosperity along with the blessings of Goddess Lakshmi. Also, if the bride - home Lakshmi, brings gold to her new home, the parents-in-law consider it a very lucky omen.
Every region in the country has a unique culture and tradition, which is often reflected through their designs. Traditional jewelry from different parts of India is an integral portion of the lives of people in that region, being of great significance to them. It is this cultural uniqueness that has made Indian jewelry extremely desired across the world. It is often through jewelry that other people get to know about a particular culture and tradition; thus, jewelry has helped enlighten thousands of people about a particular culture.
Gold is considered a very good investment scheme and acts as a good asset for the family, young children, and at times can also be used as collateral for availing bank loans. India, as a nation, has got a history of pledging gold for educating children, performing a marriage, and fulfills one's immediate needs and/or unavoidable situations.
Dual Purposes: Possessing of gold serves dual needs for an Indian woman parent (especially if having a girl child) as the ornament can be worn by the mother as well as the girl and/or lady and/or women.
Culture: Southern states such as Tamilnadu and Kerala had a tradition of pure silk sarees, and nevertheless, gold goes as a nice pair for such attire.
Indian middle class, as they have the opinion that the resale value is a bit higher (is even higher if bought as a bullion bar) as compared to artificial jewelry. Since India as a nation has got more middleclass households , the vast number of rural and semi-urban families buying approximately five grams per year increases the count and makes them the largest buyers by large.
Gold is considered very auspicious among people in India. South Indians in particular prefer gifting Gold to their daughters not only as a symbol of status but as an asset that comes to rescue during her tough times in life. They wish their loved ones on their special occasions with a golden touch as they believe it brings prosperity in their life.
Indians think accumulating Gold to be financial security. Many women save from 2000 to 7000 INR and buy Gold even for such small amount as Gold has appreciation value and it accumulates less space and has the strength to withstand any natural disaster like flood.Unlike cash which may be washed away whereas Gold can be worn and does not get affected if dipped in water in extreme cases like a flood.
Gold (and silver to some degree) is the only real form of money there is. Everything else is just a form of currency. There's a big difference between the two. Gold is central banking's biggest enemy.
The banksters, through manipulation of the Comex, have been beating the crap out of gold since it reached its new high.
Gold and silver taking off would be the death of the effectiveness of the printing press. It would poison that magic and vital tree that grows money. They HAVE to protect that tree.
Since 1970, Gold is being discredited by the US because you cannot print gold, you have to mine it and shine it, while the paper is easy to print and wipe your ass with.
Like the physical properties of the metal itself, gold's eternal stance as REAL MONEY cannot be tarnished. Bury it in corrosive seawater for 1,000 years, and when you bring it back up, all you have to do is remove a few barnacles, and it gleans anew. It won't be hard to cleanse the smears which the usurers have tried to apply to the precious metal either.
Gold scares the shit out of Central banks just like Holy Water scares Dracula.
Acquiring gold and silver is the only recourse people have if they think the shit is going to hit the fan, and the dollar will, at some point, crash (resulting in mega price inflation via fiat).
The assumption and hope are that at some point, we will start over - and those who do have gold and silver will be in a much better position when this happens.
Physical gold is decentralized, and the only way for them to centralize it is to print far more ETFs than there is physical gold and use this mechanism to suppress the price of all gold.
Now the real trick of gold is a store of wealth, especially in a negative interest rate system.
If you have $2000 worth of gold, in 12 months, you will still have that physical amount, but I do not see it being $1800, do you?
Once upon a time, you paid 10% interest on the debt but got an 8% return on savings, and that kept up with inflation better.
For a whole decade, you have had %2 interest on the debt and 0% on savings, but inflation is vastly greater than 0%.
So put $2000 in a bank or even hold it as cash with the inflation of what you would consume goes up. That $2000 will buy you less in 12 months, and every subsequent year the same will happen to it. So that in the end over ten years it is worth far less than what it was a decade ago. You are looking at losing $200 a year in FIAT / CASH.
Your savings in a bank got screwed under the current economic policy, and nobody wants to admit it.
People need to get woke on what the FIAT banking system actually is.
We were only sold the concept of putting your money in a bank, and it would grow with interest, but when the central bank flipped to zero-interest-rate and negative interest rate, that whole concept becomes fraudulent.
Inflation outstrips savings. So in years, your purchasing power falls, and if anything, you have to keep throwing 10% of your total savings more at it to actually keep the same purchasing power. THAT IS negative interest rate NIRP.
Interest rates, inflation, etc. are relative values, and the absolute change is the combination of them all.
Every single time you put your hard-earned money into a bank, the bank takes your money, leverages it, puts it into the Forex market makes millions and billions of dollars on your money, then give you back less than 1% and charge you a Fee for keeping your money in there... Guys, it’s time to beat the banks at their own game and start learning how to have your money work for you.
There are several reasons why gold was considered the best money. History confirms this. It's only in recent history that they have tried to erase/discredit centuries of thinking about real money. It's kind of amazing they were able to pull it off. Our grandparents or great grandparents understood that gold and silver were "real money." Their grandkids are clueless.
Key point. Gold can’t be created out of thin air, unlike the banksters' fake fiat currency.
Unfortunately, hardly anybody talks about the human cost of the decade long precious metal market manipulation. Hundreds of millions of people or more rely on gold or silver as a saving. Their property has been stolen, looted, and denigrated, and the despair that comes with it goes unnoticed. The constant market manipulation, tolerated and encouraged by the most powerful administrations on this planet, is, to my mind, pure terrorism. They certainly terrorized me, and I know many others who could not sleep at night in fear of losing their savings. The mining sector has been decimated and, with it, the livelihood of its workers. This goes on day by day, just as we speak, and the satanic manipulators appear to enjoy the exercise of their power. We are paying our taxes to sustain these criminal structures. How long are we going to be abused?
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!Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-9665839101855551502020-08-23T15:02:00.002-07:002020-08-23T15:02:15.318-07:00👉This is Why Warren Buffett Sold Wells Fargo, JPMorgan, and Goldman stakes And is Buying Gold<i><b><br /></b></i>👉This is Why Warren Buffett Sold Wells Fargo, JPMorgan, and Goldman stakes And is Buying Gold
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<i><b><br /></b></i>The big news in the monetary metals these days is that Warren Buffett, the chairman, and CEO of Berkshire Hathaway and famed disliker of gold, sold bank stocks to buy gold mining shares. Buffett just acquired nearly 21 million shares of Barrick Gold worth $563 million. Barrick is one of the primary precious metals producing companies of the planet.
Warren Buffett has always said gold is a bad investment, a shiny cube that does not generate earnings or pay a dividend like a stock, or interest like a bond. Buffett also dumped most of his Goldman stake and trimmed his JPMorgan and Wells Fargo holdings.
Buffett massively unloading bank stocks is consonant with an expectation of inflation, which is what gold is usually a bet on.
Never forget, Buffett plays the long game. And the long-term fate of Barrick is tied to the performance of gold.
Mr. Buffett saw a rare opportunity. The Federal Government cannot afford to have the rate of Inflation rise. Therefore, they must do everything in their power to keep the rate low. Printing more Dollars is a necessary strategy. Plus, there's added pressure to control the deficit. Increasing inflation forces them to increase interest rates, thus increasing the amount of our Debt.
For Mr. Buffett, this is a golden opportunity.
Besides cutting his position in Goldman and JPMorgan, Buffett also liquidated his stakes in Travelers and Phillips 66, a tiny stub of a holding that had been valued at more than $25 million at the end of the year.
Separately, Buffett also trimmed his positions in Davita, Verisign, Amazon, GM, and several other companies.
Warren Buffett has long been critical of gold as an investment, saying that it has no utility, that you can't eat gold, it just sets there. And that the magical metal is no match for American mettle. He once wrote, Anyone watching from Mars would be scratching their head over how we treat the shiny stuff on this planet.
Buffett dumping banks and buying Barrick Gold is a sea-change. The importance cannot be overstated. He sees global central banks have completely lost control; they’re printing trillions and Killing fiat money. The entire $100 trillion global funds biz just got turned on its head, Max Keiser tweeted.
Warren Buffett has an enviable long-term record in the stock market. Buffett’s latest move shows that he is as sharp as ever.
Berkshire Hathaway's boss has not been a fan of gold. As a matter of fact, he has often derided the precious metal. To the dismay of gold bugs, Buffett has been the de facto leader of the anti-gold crowd. There has been a belief that investing in gold was akin to betting against America.
Just a few years ago, Warren Buffett was saying this about Gold: It doesn’t pay any yield; in fact, it costs you to own it. So why own gold when you could own Coca-Cola.
Buffett deserves credit for shifting his stance to the new reality as a result of the irrational policies of massive borrowing and money printing by U.S. leaders, and when observing the unparalleled printing of money going on now.
More importantly, it is the huge downside the dollar faces of a debt crisis emerging from this recession.
Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You.
In its recent quarterly, Berkshire Hathaway disclosed it had purchased stock 20.9 million shares of gold major Barrick Gold.
The stock rose about 12% to a little more than $30 per share, pricing Berkshire’s position at around $627 billion.
That may seem like a lot, but relative to Berkshire’s other positions, it accounts for less than 1% of its entire stock portfolio.
And I believe that actually, one of Berkshire’s other investment managers, Todd Combs or Ted Weschler, is probably responsible for the buy.
STILL, this is significant.
One thing to note is not everything Berkshire Hathaway invests in is a decision that Buffett himself makes.
This Barrick Gold investment was probably Todd Combs or Ted Weschler.
I say this because, over the past few decades, Buffett’s pivoted from deep value investing (inspired by Benjamin Graham) to one where he buys businesses with sustainable franchises ;(think Apple, Berkshire’s largest holding).
Warren Buffett is investing in a gold producing company. He's investing in a company at the bottom of a long stretch of lean years, which is now in the beginning stages of a long upward stretch of years of plenty, and that is quintessential of Buffett's renowned investment style. As the US Dollar continues to weaken under the weight of low rates and stimulus, gold will enjoy a value-adjustment upward that could last several years. Last time this happened from 2008 to 2011, gold nearly tripled. But Buffett is an investor in companies, rather than commodities. After all, companies produce things that can be sold; commodities don't. So, then if gold is going to enjoy an upward adjustment in value for some time, gold producers will enjoy bumper profits when selling their gold to the market. Buffett isn't parking his money in a commodity but is putting it to work in a company that produces a product that will increase in value over the medium term, translating into hefty profits.
Shares of senior gold producer Barrick Gold rose sharply in value after Berkshire Hathaway's recent filing with the SEC indicated that the company, headed by well-known investor Warren Buffett, had taken a meaningful position in the GOLD stock. The filing indicated Berkshire had acquired about 20.9 million shares of Barrick at an average price of around $26.94. We note the purchase price was opportune, which one would expect, in that the stock lost a degree of investor support in early August to trade in the range where Berkshire took their position. Whether the new position signals a change in Mr. Buffett's view on gold as an asset for investment is unclear, since gold is already trading at record prices. Our sense is the price of gold, and the prospects that it may rise higher probably had something to do with the investment. More importantly though, we would expect that Berkshire Hathaway saw unrecognized value in Barrick Gold, in keeping with the company's history and Warren Buffett's investment philosophy.
Their performance is obviously tied largely to the fate of Gold. It will outperform Gold to both the upside and the downside, dependent on where Gold goes. This investment indicates some degree of confidence in the direction of Gold from either Buffett himself or one of his managers. It’s not like it’s too crazy from Buffett regardless, as he owned large amounts of silver (not miners) at least twice in his investing career.
The truth is, the success of gold mining and production companies are only as successful as the price of the gold itself.
Because it costs Barrick Gold ~$950 to mine an ounce of gold, the company will remain profitable as long as the price of gold doesn’t drop below $950.
In addition, Barrick Gold is also making a ton of money as gold is currently at $2,000/ounce, and assuming every quarter gold prices stay this way, Barrick Gold is a great cash cow!
And this is what Warren Buffett, the chairman, and CEO of Berkshire Hathaway, released in his annual letter to shareholders.
Quote: Our second non-traditional commitment is in silver. Last year, we purchased 111.2 million ounces. Marked to market, that position produced a pre-tax gain of $97.4 million for us in 1997. In a way, this is a return to the past for me: Thirty years ago, I bought silver because I anticipated its demonetization by the U.S. Government. Ever since I have followed the metal's fundamentals but not owned it. In recent years, bullion inventories have fallen materially, and last summer, Charlie and I concluded that a higher price would be needed to establish equilibrium between supply and demand. Inflation expectations, it should be noted, play no part in our calculation of silver's value, End of Quote.
Gold stocks and precious metals are a good investment (or store of value) in times when massive money printing is taking place.
Buffett’s conversion to gold is a signal for other stock market investors. They usually buy or sell solely because of what Buffett does.
Gold has no earnings and does not pay a dividend.
But you need to understand that all fiat currencies in history go to zero value after 30 ~ 50 years or so.
When that happens, the price of gold and silver goes to infinity.
However, it doesn't matter because the fiat currency is then worth NOTHING.
The trick is to convert gold or silver to real goods & goodies at the right time.
So the trick is ABSOLUTELY NOT to hold gold and silver until it reaches the highest price in the collapsing fiat currency. The trick is to hold gold and silver until its trade value against other useful goods and goodies is maximum.
It will not be easy to choose exactly the perfect moment, but if you have any quantity of gold and/or silver, you don't need to choose exactly the perfect moment to do VERY well.
However, what is most important of all is choosing wisely what goods and goodies you trade your gold and/or silver for when the time comes.
Overall, gold is a very small market compared with the stock market. Even a small amount of inflows into gold from large-cap tech stocks may cause a big spike in the gold price.
Buffett is out of the banks, because The banks are bankrupt, and a major banking crisis is coming fast. The Fed and Treasury to take over the banking system. The Fed and Treasury helicopter fake money directly to people to avoid mass rioting. This is a time to think about how much gold and silver do you have.
Gold is far from overpriced. Even $10k an ounce gold won't be overpriced.
Gold is a hedge against economic / currency collapse.
While we are being misled into believing ALL is well, and we are betting on a V-shaped recovery.
EXPECTING economic growth to continue, consumers and businesses recovering, etc.
Does anyone REALLY believe BOTH consumers and businesses will be unaffected by this shutdown, and by all this public debt being printed, etc...
The US Congress demonstrates how irresponsible our leadership is. This is all political positioning.
What about housing, rents, and mortgages, commercial leases, etc.?
Bottom line, if this irresponsibility persists, we could destroy the US Dollar as a fiat currency, as fiat means NO metal backing, just confidence, and the faith of the currency holder!! What about other nations as we are the global reserve currency?
We have lost much stature, esteem, confidence, etc.?
How likely is it that IMF or the World bank could propose a basket of currencies as an alternative?
That action would severely damage our standard of living. Only gold Assures holders; some of their wealth is protected against uncertainty and loss!!
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!Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-12917608269985748152020-08-12T07:44:00.002-07:002020-08-12T07:44:14.987-07:00👉Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant !!<i><br /></i><i><b><br /></b></i>👉Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant !!
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<i><b><br /></b></i>Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant
John Lee is an entrepreneur with degrees in economics and engineering from Rice University. Under John’s leadership, Prophecy Development Corp (TSX: PCY, OTC: PRPCD, www.prophecydev.com) raised over $100 million and acquired substantial silver mining projects in Bolivia and coal mining projects in Mongolia.
John Lee is a portfolio manager at Mau Capital Management. He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. He previously studied under Mr. James Turk, a renowned authority on the gold market, and is specialized in investing in junior gold and resource companies. Mr. Lee's articles are frequently cited at major resource websites and an esteemed speaker at several major resource conferences.
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<i><b><br /></b></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-37563580525335341842020-08-10T16:58:00.002-07:002020-08-10T16:58:42.695-07:00👉Gold to $3000, Silver to $40 before Year-End !!<i><b><br /></b></i>👉Gold to $3000, Silver to $40 before Year-End !!
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<i><b><br /></b></i>Gold has no ceiling because the dollar has no floor.
Gold is up $200 in the last two weeks and $500 or 35% in 2020. Since the resistance mark at $1,350 was broken in June 2019, gold has gone up by more than 50%.
This month, gold broke above the $2000 Psychological Resistance Level.
GOLD is up 35% in 2020, while the S&P is only up 3%. Silver is even better. It is still 30% below the all-time high. Best because it is limited in quantity, used in industry, and still affordable for those with tight budgets.
The gold and silver markets are running on vapor. At the same time, liquidity of the physical is drying up.
The Comex is TOAST, the crimes have been exposed. This is the physical bull run of the MILLENIUM.
The LBMA and COMEX are controlled by the Central Banks, which are completely supported by pure fiat currencies.
The Fed has probably created $10 trillion. What could possibly go wrong.
The Fed creates fiat much faster than God creates gold.
A world reserve currency is supposed to be superior in storing value, but through boundless money-printing, the U.S. dollar hasn’t been able to compete with gold by a long shot. In 1932 the gold price was $20.67 dollars per troy ounce, today it crossed 2,067 dollars. That’s a 99% decline in the value of the dollar against gold.
Adding trillions of dollars to the national debt is now having an effect on the value of the dollar. After all, gold is the only real money. Gold doesn’t yield if you don’t lend it, but it's the only globally accepted financial asset without counterparty risk.
The bible mentions a stonemason earned one oz of gold per week as their wages in biblical times. Still today, a mason earns one oz per week. In the end, Gold and Silver, without any central banks or pure fiat currencies, will stand on their own.
Gold and Silver will be the last standing when all else fiat fails.
Gold is money, a holder of wealth, not your typical speculative asset. The point of gold is to secure your wealth, not bet on the races.
Gold price will definitely continue soaring.
The underpinning was there before the gains started. The certainty that the global economy (regardless of COVID) was vulnerable to any number of pins that would prick the currency bubble; the certainty that Central Banks and political "leaders" will further inflate the supply of/devalue the currency based on their lack of moral character and/or ignorance that members of these institutions display of economics throughout history.
The fundamentals are awful and have been getting worse ever since 1913. Never more than in the last few months, has any empire in history (thanks to computers) been able to debase a currency so massively. Too bad the dollar (especially in digital form) can't be used as toilet paper.
This move-in gold would have occurred with or without COVID.
The pandemic simply accelerated the move. Negative real rates, weak Dollar.Although gold has historically moved up with the dollar so people shouldn't get too worried about dollar moves.QE, which can and will never end, zero rates, and massive debt build-up in government and corporates credit spreads are just some of the drivers. Will gold correct before we move higher. Sure will, and it could be a short sharp move down to shake out the weak hands. That being said, the constant worry about a correction may mean we won't get one until we get to the measured move above 2,200. Gold will likely shock most people to the upside over the next year or two.
Bullish gold investors believe the precious metal and its sister metal silver, are on a long-term uptrend due to measures by governments and central banks to help stabilize economies hurt by COVID-19.
Based on the current dollar trend and central bank spending, gold won't stop in 2100.
And silver next upside price objective is closing prices above solid technical resistance at $30 an ounce.
Gold prices are expected to stay above the $2,000 mark, on growing global geopolitical uncertainty.
The sheer volume of money moving into gold will likely see the price exceed $3000 before the year-end 2020. There is no stopping it, while fears over the US Dollar, COVID-19, trade wars, etc. continue to be all-encompassing. I agree it is simply a lump of glittery yellow metal with limited use. But then what is the US Dollar but an arguably fictitious IOU? Mania or not, this metal is going higher.
And the silver will be playing catch up. More upside remaining, as it's still well below the all-time high.
Owning physical gold is the best hedge of all.
You can't eat it, but you can trade it for anything.
Try that with paper.
Gold and Silver do not rot or age or rust or melt or dissolve in water.
Food is perishable, so it has a shelf life. Some foods last for 10 or 20 years, yes cans for 30 years (maybe in the shade or buried).
Other foods only last a few weeks; many foods require refrigeration and electricity.
Gold and Silver stand-alone without technology and have no shelf-life issues and are not consumed.
Put some silver rounds or junk silver away so you can transport wealth to the town where you can barter it for food.
And the fiat currency, try eating it or buying anything, except through an electronic transfer.
It is getting harder.
Buy some gold cause you need to survive the dollar collapse and then buy newly created currency. If no gold, then ur dollars will become simply a pile of paper.
The US DOLLAR will CRASH amid rising economic and political uncertainty. Fiat currencies are toxic.
History proves this truth.
They destroy society. Look at Weimar Germany in 1923 and the subsequent rise of Nazism. Look at the effective loss of liberty in the US. The banksters use the paper money racket not only to bleed the nation white. They use their stolen wealth to establish a totalitarian state and a dictatorship.
Once the Russians and Chinese choose to use gold to back up their currencies and dump the US dollar, gold will rise to significant levels. The only problem is that there might not be enough gold to support a currency. Gold will continue to rise if one believes that the US dollar will weaken further.
The bonds as an asset class are dead. Most people haven't realized this yet, and when they do, capital will rush into anything other than bonds. Of course, rates won't rise since the Fed will be controlling the curve.
This move into Precious Metals is a teeny, tiny slice of the bond market. Even PIMCO recently said you must own gold.
The Central banks around the world kept holding on to their gold, despite its price reaching all-time highs such as now.
Russia, China, and Germany, and quite a few others have been increasing their gold reserves.
China almost certainly has the biggest gold hoard in the world.
It has been estimated to be a 30,000-ton stash. They won't declare it, because it would raise the value of the Yuan. Going over to a gold standard is tricky, if you have no gold, your currency will be worthless, if you have a lot of gold, your currency will become so valuable that exports would collapse.
The German people own a lot more gold than the German Government, most of the Middle East and Asia have high private gold ownership. The Chinese Government actually advises people to buy gold, and every bank in China sells gold.
But police states like the US could and probably will confiscate private gold. For those living in the US, you probably better buy silver, less chance the Government will steal your silver.
Since early 2012, JP Morgan’s stockpile of physical silver has grown from less than 5 million ounces to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. This is THE BIGGEST STOCKPILE OF PHYSICAL SILVER IN HISTORY.
And still, massive Precious Metals paper contract dumping goes on and on.
Every day the banksters are digging their hole deeper in a frenzy.
People are waking up to what’s happening and demanding physical metal. They don’t want forwards anymore.
Comex is a paper market. She wears delivery the way a streetwalker ways jewelry and furs. She can do her job without them, and under it all, she's just a whore.
Comex fraud can settle in fiat funny money notes, that is why it lasted so long.
But what happens when those fiat notes are worthless and less every day? They can still settle in paper, but nobody wants paper.
There will be some interesting times in the Precious Metals market soon.
They can manipulate the price for a very long time, but no one can suspend the rules of economics forever.
Get Your Gold And Silver Now Before They’re All Gone.
Gold is still the safest investment.
The Gold And Silver Markets Are Setting Up For A Historic Worldwide Mania.
In my view, the gold price will continue to rise and will be incorporated into a new international monetary system.
If you have physical gold and silver, you should hold it. I expect $3,000 gold and $40 silver 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 smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You.
Gold is real.
What is not real is paper assets that are so easy to own and sell that they don't even write it down on paper anymore. The owners get digits typed into an electronic account. They don't even give certificates anymore for stocks. The brokerage firms hold the stocks, and you get a statement to an electronic device. Bastards don't even give paper monthly statements to say you own it. Banks don't have bank books anymore, just electronic blips on a screen, same with cryptocurrencies. It would be so easy for everything to disappear one day, not physical gold or silver.
People just don't comprehend the impact of a falling dollar, increased Precious Metals values, economic slowdown, and credit crisis that expected to hit sometime near year-end. It's a domino effect that is almost unfathomable when you consider how complex and interconnected our markets/economy is.
The globalists have redistributed so much of America's production to 3rd world countries; it's very difficult to anticipate where shortages will emerge. But the extent to which our world changes over the next 6-18 months is incomprehensible for most people. Prepare to be able to feed yourself. Food shortages are the most impactful.
Having pondered the irrational rise in certain US stocks, FAAMGs, whose prices bear no relation to their fundamentals, It dawned on me as to what is happening.
Shares are trading up purely because of one reason - fraud - illegal insider trading, illegal corporate share repurchases, and outright market manipulation. You don't collect Apple shares like fine art because they aren't fine art. And you don't buy shares in companies in a failing economy as a hedge. This is a giant fraud and nothing else.
Effectively the market is saying the currency is debased and of decreasing value; we have no faith in the Government or the Fed to keep the value of their I owe You's. However, we trust Apple more than the Fed and will swap degraded dollars for Apple stock certs as being a more reliable store of value.
The Fed's REAL mandate is to make the elite corps of Banksters as wealthy as possible.
The financial system has been turned over to the Federal Reserve Board.
That Board administers the finance system by authority of a purely profiteering group.
The system is Private,
conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.
The desire for gold is not for gold. It is for the means of freedom.
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!Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-27102062216559871822020-08-07T12:57:00.003-07:002020-08-07T12:57:47.350-07:00👉David Morgan The Silver Guru Exclusive Interview with The Atlantis Report 07 Aug 2020<br />
<br />👉David Morgan The Silver Guru Exclusive Interview with The Atlantis Report 07 Aug 2020
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David Morgan The Silver Guru Exclusive Interview with The Atlantis Report 07 Aug 2020
David Morgan The Silver Guru is an investment Newsletter Publisher- Building and Preserving Wealth. #Gold, #Silver, Resource Companies. Author of three books. World Wide Keynote Speaker.
You can access the Morgan Report here : https://www.themorganreport.com
David Morgan is a precious metals aficionado with degrees in finance and engineering, he originated The Morgan Report, a monthly report that covers economic news, the global economy, and to make substantial capital gains by investing in the Resource Sector. The Model Portfolio covers top-tier, mid-tier, speculative and special situations.
David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system.
His ideas can be seen in the movie Four Horsemen, a Feature Documentary. Watch the full length video below.
A dynamic, much-in-demand speaker all over the globe, he has appeared on CNBC, Fox Business, and BNN in Canada. He has interviewed- The Wall Street Journal, Futures Magazine, Investing Rules and numerous other publications.
As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications.
Additionally, he provides the public with a tremendous amount of information by radio and at times writes in the public domain. David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system.
Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-34463129029540813452020-08-03T14:47:00.001-07:002020-08-03T14:47:45.776-07:00👉10 Reasons Why Silver is the Best Investment of The Century👉10 Reasons Why Silver is the Best Investment of The Century<br />
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<br />Renown investor Eric Sprott said, " Silver is The Investment of this decade " while rich dad poor dad Robert Kiyosaki said: "Silver is the best hedge against Inflation, it is the biggest sleeper of all, a smoking deal." Silver Shortage to Send Price Soaring Above $30 in 2020 Jason Hamlin wrote recently on Kitco. This deficit hasn’t been enough to boost prices in recent years, as the silver price has followed gold lower. But the accumulative effect is likely to generate a significant spike in the silver price this year. We are forecasting that the silver price will climb back above $30 per ounce during 2020 and challenge all-time highs around $50 per ounce by 2021. Get your physical silver today while it is still available at an affordable price. In the next few years, you may lose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes, and economic chaos appears in your area. You will be happy you did as Low supply coupled with high demand, will push the price to skyrocket. So Get your physical silver today and stay long!
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<br />Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-28348686242142861042020-07-30T18:15:00.000-07:002020-07-30T18:15:02.554-07:00👉How to Invest in Gold - Physical Gold (Bullion) vs. ETFs<i><b><br /></b></i>👉How to Invest in Gold - Physical Gold (Bullion) vs. ETFs
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Gold price this week broke the 2011 all-time high of $1,920. I have never considered the $1,920 level important. Since gold has in the last couple of years made new highs in all other currencies, it was always clear that the high for gold in dollars would be breached. Only surprising that it took 11 years.
But we must remember that gold is not going up, but the dollar is collapsing. Just this century, the dollar has lost 85% of its value in real terms – gold.
As the dollar reaches its intrinsic value of zero in the next few years, it is obviously totally meaningless to measure gold in dollars since the price in worthless fiat currency will be infinite.
Gold and silver are not investment; they are savings accounts. pure and simple.
Gold and silver are real money, so it is the choice for people with integrity, intelligence, and responsible people who want to protect the value of their savings.
Gold and silver is the enemy of the Fed's unlimited fiat currency creation, creating massive under-reported inflation and is the enemy of the government's continuously increasing spending to create unpayable budget deficits.
Therefore, the virtuous, rational-thinkers choose gold and silver over the evil monsters.
Every time Gold looks like hitting two grand, the bankers' monkey hammer it back down.
But it keeps going back up.
The severity with which JPM and the fed metal manipulators hit the gold breakout, clubbing it down temporarily, reveals how desperate they are to prevent any price runaway that will reveal the impending failure of their ill-conceived, hail-mary effort to forestall the ongoing credit and financial collapse.
While Gold Silver prices are on fire.
The Fed and the Corrupt Crooks on Wall St. are in a panic and are very desperate.
Do not sell your gold or silver cause you ain't seen nothing yet.
GOLD IS KING.
The Federal Reserve knows this is all over. Their final hail mary.
Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You.
Investing directly in commodities, such as gold or oil, tends to be more difficult for investors than investing in stocks and bonds. A major reason for this is that stocks and bonds are readily transferable and easily accessible to the average investor. Traditionally, commodities have been more difficult to invest in due to the complex way in which they trade through the futures and options markets. In other words, an investor can't just buy a barrel of oil. Precious metals have been a store of wealth for millennia. Owning coins, bars, or jewelry used to be the only option to invest in gold, silver, or platinum, but today’s investors have a number of alternatives. In addition to bars and coins, you can also hold precious metals certificates, metals-backed exchange-traded funds (ETFs), and closed-end bullion funds. Gold is more accessible to the average person because an investor can easily purchase gold bullion (gold in its physical form) from a dealer or, in some cases, from a bank. However, with the advent of more advanced financial instruments, gold, along with other commodities, has become much easier to invest in without having to buy the physical metal. There are now exchange-traded funds (ETF) that replicate the movements of the underlying commodity, giving investors direct exposure. While not every commodity has an ETF, both gold and oil have ETFs. For example, the SPDR Gold Shares (ticker symbol GLD) trades on the New York Stock Exchange and can be traded at any time throughout the trading day. Each share of the ETF represents one-tenth of an ounce of gold, so if gold is currently $1,9500 an ounce, the gold ETF will trade at $150 per share. This investment product is one of the easiest and least expensive ways to access the gold market. In general, investors looking to invest in gold directly have three choices: they can purchase the physical asset, they can purchase an ETF that replicates the price of gold, or they can trade futures and options in the commodities market.
#1 Physical Gold.
Physical gold provides the most direct exposure to gold. Gold in bulk form is referred to as bullion, and it can be cast into bars or minted into coins. Gold bullion’s value is based on its mass and purity rather than by monetary face value. Even if a gold coin is issued with a monetary face value, its market value is tied to the value of its fine gold content. Investors can buy physical gold from government mints, private mints, precious metal dealers, and jewelers. Because different sellers may offer the exact same item at different prices, it is important to do your research to find the best deal. When you purchase physical gold, you must pay the full price. Physical gold ownership involves a number of costs, including storage and insurance costs, and the transaction fees and markups associated with buying and selling the commodity. There can also be processing fees and a small lot of fees for investors making small purchases. While collectively, these costs may not significantly affect someone looking to invest a small portion of their portfolio in gold, the costs may become prohibitive for investors seeking to gain larger exposure. Bars and coins are the most direct way to hold precious metals. Government minted bars and coins like the American Gold Eagle or Canadian Maple Leaf have a guarantee of the purity and can be purchased through authorized dealers. However, when holding bullion directly, investors are responsible for its storage and insurance and their ongoing costs. Also, bullion dealers charge a mark-up to your purchase price of coins and bars and buy them back at a discount. As well, bars and coins may not be easily traded. In the U.S., precious metals are considered to be collectibles like art, rare books, and fine wine. Provided you hold it for more than one year, for tax purposes, the capital gains tax on your net gain from selling a collectible is 28%. This level of tax is considerably higher than the tax rate on most net capital gains, which is an average of 15% for most taxpayers, according to the IRS.
#1 If you sell a collectible in less than one year, the proceeds will be taxed as ordinary income.
#2 Gold ETFs. Unlike physical gold, ETFs can be purchased on margin, meaning that investors only front a percentage of the investment’s value. ETFs allow investors to access gold while avoiding the costs and inconvenience of markups, storage costs, and security risks of holding physical gold. An investor will lose a percentage of his or her investment’s value each year to the fund’s expense ratio. An expense ratio is the recurring annual fee charged by funds to cover its management expenses and administrative costs. Precious metals exchange-traded portfolios are a popular way to gain exposure to precious metals without the inconvenience of storing and insuring physical bullion. Exchange-Traded Funds (ETFs) and Closed-End Funds provide investors with access to physical bullion with the daily liquidity of an exchange-traded security. Exchange-traded bullion funds are open-ended funds that issue shares backed by metals. Investors do not have direct beneficial ownership of the bullion and have no option to exchange their shares for physical metal. If investor demand outpaces available shares on a given trading day, the ETF will issue more shares to satisfy the demand and acquire more metal with the proceeds. Conversely, when there are more investors selling than buying, the ETF will redeem shares and sell the equivalent value of the metal. While bullion ETFs mostly hold allocated metals, they also hold unallocated metals to facilitate the creation and redemption of shares. In addition, the custodian that stores the metal is typically a bullion bank, which can create counterparty risk in the event of bankruptcy or insolvency. While bullion ETFs mostly hold allocated metals, they also hold unallocated metals to facilitate the creation and redemption of shares. In addition, the custodian that stores the metal is typically a bullion bank, which can create counterparty risk in the event of bankruptcy or insolvency. In the U.S., for tax purposes, bullion ETFs are considered collectibles by the IRS. The capital gains tax on an investor’s net gain from selling a collectible is 28%.
#3 Closed-End Bullion Funds. Closed-end bullion funds are similar to ETFs, but issue units through initial public offerings and follow-on offerings and can cancel units through buybacks. The units are usually fully backed by allocated bullion. Because there is a fixed number of units at any given time, they may trade at a premium or a discount to their net asset value, depending on investor demand and whether there is an option to redeem for physical metal. Some closed-end funds are considered Passive Foreign Investment Companies (PFIC) and may offer more favorable tax treatment compared to coins, bars, precious metals certificates, and ETFs for non-corporate U.S. investors.
Conclusion: The transaction costs associated with gold ETFs are often lower than the costs related to the purchase, storage, and insurance of physical gold. It is important to research the various costs, fees, and associated expenses of each type of investment to determine the investment that is both affordable and suitable for your portfolio. Precious metals ETFs may seem like an easy way to invest in gold and silver. But investors should understand that convenience comes at a price.
My opinion is gold doesn't stop going up this time. The more they monkey hammer it, the more people will buy it. A self-fulfilling prophecy. Time to choose people. Paper or Gold? How strong is your faith in your government?
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Stay safe and healthy friends!Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-88165134778529925402020-07-22T16:36:00.002-07:002020-07-22T16:36:28.153-07:00👉Silver above $23 -- The Great Silver Rush of 2020 has Begun!<i><b><br /></b></i>👉Silver above $23 -- The Great Silver Rush of 2020 has Begun!
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Silver Futures Spike Above $23, that's a ten percent gain. But it has a long way to go.
Still seems cheap with all the Monopoly money being printed.
Silver is the new TESLA chart.
The trip from 20 to 30 should be a fast one. It was certainly fast on the way down.
There is a big reversal of the gold/silver ration afoot; this is a very positive indicator.
After decades of being suppressed, the precious metals are horribly mispriced.
Perhaps instead of a traditional price rally (which might or might not be sustainable), what we are witnessing right now is the market re-pricing the physical metals at a more realistic level.
Silver barely moved up 10% yet after waiting nine years.
The huge jump in silver in the last few days has been ignored by the Mainstream Media.
The talking heads on the business channels are still mentioning gold's rise lately but haven't said anything about silver just doing a 20% jump this week. This silver news is still under the wire to them, or they've been told to not talk about it.
This gibes with my theory that pro-real-money stories must be kept from the public/masses. If these stories weren't blocked, more man on the street types might begin considering silver as a safe haven asset they need to have.
It's a given the big money is not going to send any public signal they are going big into gold or silver. Among other things, this would get them expelled from the Fiat Status-Quo Club overnight and would jeopardize all their investments in fiat assets (mainly the stock market).
So if the silver suppression effort is going to be defeated or over-run, it will have to come from grassroots small investors. But this is not likely to happen if pro-silver and gold stories continue to be taboo in the Mainstream Media.
Another way to keep the man on the street from considering silver as a smart investment is to knock its price down at regular intervals, usually for no understandable reason.
Think we all knew the price of gold and silver would have to start moving up at some point.
You just cannot keep hemorrhaging physical metal.
Every savvy investor knows that silver and gold were getting ready to soar (given the collapsing economy and the massive amount of fiat creation that was inevitably coming.
Savvy investors would have still been BUYING all the silver they could and holding on to every silver position they had, knowing what was to come.
Given the thousands of applications for silver, especially electronic, medical, military, water purification, etc.
We cannot live without it.
The United States Geological Survey, USGS, which keeps tabs on all elements and their availability, wrote a decade ago that the planet would run out of silver within 20 years. We are halfway there. Just look at the recovery of ounces/ton by the silver miners over the past 20 years, from ounces to grams.
USGS rating of continental U.S. reserves put silver/ gold ratio at 14. All of human history is around 16. Right now, we are what, 80? So silver has a lot of upside potential given the equally (and arguably more so) demand for gold.
The question isn't whether it will get to $50 again, it's what multiple of $50 we'll see over the next couple of years. A mere doubling seems more than a bit conservative, given the extreme amount of new debt that is now in the system, not to mention the stored energy of a nine-year bear market. We should see at least $150 sometime before 2022.
Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.
And that was Alan Greenspan saying it, not me.
King dollar is dead!
Long live King Gold and Queen Silver!
The canary is out of the cage.
Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You.
So, either the price suppression cartel has given up, or there are too many holes in the dam.
I hate the silver being stated in dollars. It should be the price of a dollar stated in silver.
And why the delight in calculating a dollar profit if the dollar is going to hell in a handbasket.
I think it's safe to say this: If silver can't break free and soar now, it never will.
Silver is actually doing now what it was supposed to be doing years ago.
The market is still as corrupt as ever. They can knock it down whenever they want, by as much as they want.
Now if they can't do this anymore, or have quit suppressing the price, something big might have changed. But I don't think they've given up on the suppression efforts yet. The suppression efforts might be occurring even now. That is, the big spike we've seen recently could have been even bigger absent price suppression efforts.
Yes, they are going to let silver and gold rise, but they are going to try to limit/contain these increases. So the man on the street doesn't suddenly start considering silver as wise insurance.
For example, wait for the next big story that a vaccine is imminent. This will create a major spike in the stock market, and will probably be used as the excuse to beat down silver and gold, massively.
This kind of volatility in silver is common. Curb your enthusiasm. It's an insurance policy, not a lottery ticket. Moves like this are cause for caution. As much as we all want to dance of The FED's grave, that event is going to be very bitter medicine.
To me, the paper market on silver is nothing but infiltration and corruption of silver.
A dollar was equal to one ounce of silver, not one ounce of silver equaled a dollar.
Once you start trying to get more paper with your silver, you become focused on Fed-bucks......., and that is the scheme. Because Fed-bucks are your enslavement, they are debt, and their "value" is controlled by those that would control you through its manipulation.
Let silver go up in dollars, and all of a sudden, everyone wants silver so they can trade it for more Fed-bucks. If we don't break the debt-dollar-Fed-buck system and find a way to debt-free, independent money, our slavery will only get deeper from here.
Not going to break their chains without a fight.
The dollar is one ounce of silver by definition. What we have are not dollars. What we have now has been devalued by about 99%. Therefore silver is worth closer to 100 dollars -- and that's just today.
Either you can buy stock symbols in the paper "market" from the banksters, or you can exchange the debt-based money for real money, gold, and silver, while the central banks are buying gold. The gold and silver ETFs are the paper market, which helps the banksters manipulate the prices.
Keep printing your Monopoly money, Mr. Powell. We the people all know you are enriching the wealthy at the expense of the middle class and poor. The dollar's days are numbered.
The King Dollar brigade is out fighting busily on all fronts today, silver, gold, cryptos, oil futures. It's becoming a tough job trying to keep the US Dollar alive. We're now mere weeks away from US food riots/looting. We all know the outcome, and now it's just a matter of whose timeline will win, breakdown before or after the US Presidential election?
The silver war is fun to watch, with all these big traders trying to avoid getting killed.
The CFTC will broker a deal for staggered delivery, and there won't be a peep about it in the media. Watch how quiet this will get now.
The CFTC really is a massively corrupt agency staffed by insider traders/traitors.
It's sad. I view them and even the SEC as little more than gatekeepers allowing this gigantic price suppression fraud to continue. Clearly, they all have support from the US government, who, no doubt, wants there to be no exit from the Dollar.
It's not a supply-demand situation that runs the price of silver. It's a monetary metal, and all monetary metals skyrocket every so often when fiat currencies collapse. Worlds largest fiat currency has been so abused. It's going to collapse like a tent made out of toilet paper in a hurricane.
All the FIATS will collapse together. It will be epic.
The value of silver must always be stated in ounces and never in dollars. To do otherwise is like valuing your garden in terms of fallen leaves.
The US debt clock says silver should be over $1000, and gold many times that.
In truth, this is what is coming on the energy cliff, and currency reset horizon. Countries will become solvent again by reversing the price suppression mechanism to the upside. Silver could likely be $500 by early 2022. And gold likely above ten thousand.
Eric Sprott just announced he's buying 1.5 Billion of silver.
Sprott is putting a Hunt Brother to these Comex scums butt with a 1.5 billion ounce plan to purchase over the next 25 months. It's a perfect setup as the Fed cannot call him like they did Hunt in as he owns a physically-backed silver fund for investors. He will never tell you this, but his fund by law has to store the silver bullion in the Bank of Canada for the PSLV holders. CANADA wants its silver back. Ha! just joking, as Trudeau has nothing to do with it, but his Central Bank will be stacking hard in an inadvertent way.
The US Mint just had an emergency conference with government officials about their ongoing ability to sourcing silver. Of course, that meeting was top secret and not a peep about what was discussed. The government does not have a silver stockpile like back then anymore. They will most likely use the excuse that they can't find any and shut down most likely, which is against the law, by the way. But Ron Paul isn't around anymore to keep their butt in line.
In other news, Pan American, the world's largest silver producer, is shutting down 2 of its biggest mines in Peru by order of the Peruvian government due to COVID 19.
So do you like Eagles?
Might wanna grab those now if so.
Buckle up kiddies and grab every silver earring you can because this one is going to be a moonshot for the ages methinks ; with the Government printing currency like water.
Hurry up and use that COVID infected benjamins to buy.
Silver is not even where it was 40 years ago, but the bankers' trolls are talking about parabolic rises to scare you out of your silver position.
And for your interest, 5-10 or even 20-25 percent rises are nothing when we're talking about the price of a rare and valuable item like silver ;whose value has been suppressed by the bankers for half a century.
Your call.
Physical is the smart move here, avoid the fake and manipulated paper game.
Stack silver for the grandkids.
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!Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-11233066237792668242020-07-09T07:07:00.002-07:002020-07-09T07:07:52.060-07:00Germany and The Whole Europe on the verge of a Disastrous Economic Cliff Edge<i><br /></i><i><b><br /></b></i>Germany and The Whole Europe on the verge of a Disastrous Economic Cliff Edge
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Germany and The Whole Europe on the verge of a Disastrous Economic Cliff Edge.
The eurozone economy will drop deeper into recession this year.
Germany, the single largest and strongest economy in Europe and the world's fourth-largest economy, is already feeling the pinch. The impact of the coronavirus has seen Germany suffer its widest fall in production and output since the financial crisis a decade ago. The German economy will shrink by 6.3 percent this year. German Exports contracted by 3.1 percent. The Rest of Europe is not in any better shape. In fact, the French GDP is shrinking by 5.8 percent, Spain's GDP by 5.2 percent, Italy's GDP by 4.7 percent, and The Netherlands GDP by 1.7 percent.
For the 27 countries that comprise the EU, a downturn of 8.3% is expected in 2020.
The coronavirus crisis will push Europe into a deeper recession than originally thought.
Europe’s coronavirus outbreak will be the biggest peacetime economic shock on record.
And don't expect the European banks to help. Banks may face a tsunami of problems as three factors collide: rise in non-performing loans, deflationary pressures from a prolonged crisis, and central bank keeping negative rates that destroy banking profitability.
The Euro-Zone was already in deep trouble before CoVid-19 hit, the weakness that started in 2017 never ended. The region simply isn't competitive. In the fourth quarter, even Germany entered a recession. France, Spain, and Italy are looking at continued large unemployment levels. Add to this the fact the EU lacks technological and intellectual property and is falling further behind China and the US.
Recently they started promoting a huge stimulus package. To fund the €750BN package, the EU would borrow on financial markets and put in place a suite of proposed new EU taxes and levies to pay back the debt over the coming decades.
Characterizing the current debacle as a deep recession is actually optimistic. The ongoing debasement of fiat, coupled with raging deflation, ensures a very entertaining near future of the deflation/inflation tango. The ongoing destruction of currency is provoking flights of funds into precious metals and crypto. The banking class in the EU is a cabal of lizards.
They have been hiding risk for decades, and it has only gotten worse since the introduction of the Euro.
In the Mediterranean countries, vast overvaluation of dodgy investments in property means that most of the Med banks are technically insolvent.
One day the sacred cows will come home to roost.
Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You.
The EU economy is expected to experience a deeper recession this year than previously thought,... as the lifting of COVID-19 lockdown measures is proceeding at a slower pace than assumed in its Spring Forecast. According to the Summer 2020, Economic Forecast released on Tuesday. The EU economy will contract 8-point-7 percent in 2020. The contraction is significantly greater than the 7-point-4 percent projected in the previous forecast. Experts cite the far longer period of disruption and lockdown taking place in the second quarter of 2020.
The challenge of unwinding stimulus is a lesson that’s long been apparent to central banks. More than a decade after the financial crisis, many had barely moved policy off emergency settings. Their efforts to get back to a more normal stance were on various occasions, scuppered by sluggish growth, weak inflation, or market volatility.
European Governments have already pumped billions into support schemes and blown out their budgets in the process.
Chancellor Angela Merkel’s government has vowed to spend whatever it takes to get the country growing again, including extending its renowned Kurzarbeit wage-support program. After years of German budget surpluses, that’s been welcomed by other nations, but the country is a rare exception in Europe. Most of its peers face stressed finances.
Across Europe, many economies will suffer double-digit slumps in output in 2020. The big hit will be this quarter, the peak of lockdown restrictions. That’s almost certain to be followed by a steep rebound, but rocketing GDP numbers don’t necessarily translate into a sustainable recovery.
The 19-nation euro region is set to shrink more than 8% this year, and European Central Bank President Christine Lagarde has warned that the pandemic will change parts of the economy permanently.
Hundreds of thousands of workers are already facing unemployment, with companies from Deutsche Lufthansa AG -- Germany’s severely battered airline that just secured a government bailout -- to plane maker Airbus SE preparing to cut jobs.
Furthermore, the two main private banks in Germany, Deutsche Bank, and Commerzbank would be on the verge of bankruptcy.
The fourth regional bank, NordLB, was bailed out with state aid, which essentially ignored the current bail-in rules (instead applied everywhere else in Europe). And last November, the rating agency Moody revised its outlook on the German banking system downwards (from stable to negative).
German cars are now only German in name only. They are designed in Germany by foreign nationals; the parts are built predominately in China or Eastern Europe and either:
1) The foreign parts are shipped to Germany, where the final assembly occurs. "Made in Germany" - or -
2) The whole car is made abroad, "Designed in Germany."
If you want a real German car, Get an early 80s BMW.
This is all the endpoint of the wonderful Globalization process. It's all driven by profit margins and tax "efficiency."
To the benefit of their respective shareholders AND to the detriment of the average German worker.
For those who hold equity in German OEMs, this outsourcing has been great, if you are a Handwerker who relies on domestic manufacturing for your job - you're materially disadvantaged.
This current system is designed for the preservation of wealth for the top 5% of society - not the bottom 95%.
When worker X makes €15 and hour and worker Y makes €3 an hour, shifting manufacturing from X to Y doesn't create efficiencies or improve anything - it just reduces cost, which isn't an efficiency in and of itself.
A customs union only works with similarly situated populations, in the absence thereof (whereby a customs union with a very wealthy country and a very poor one) you have manufacturing develop in the poorer countries with services in the wealthier, something that if left unchecked leads to absurd realities.
It's a complex problem which is manifesting itself in a multitude of horrible ways, but allowing good-paying blue-collar jobs to flee Germany to other nations benefits no one except the shareholders of the large OEMs, which is a small fraction of the population.
In France, figures from Insee's statistics office, show activity in Europe’s second-largest economy still more than 10% below normal.
The U.K. economy instantly shrank by a fifth in April alone.
In Italy, even with the debt ratio set to top 150% of GDP this year, it’s extended tax breaks for companies and lengthened its furlough program for workers to 18 weeks from an initial 14 weeks.
European governments are fast learning that they’ll have to live with aid programs to save jobs and businesses longer than thought to keep the economy from falling off a cliff.
Across the continent, furlough programs that shielded close to 50 million jobs at the height of lockdowns, as well as tax deferrals and loan moratoriums, are being extended even as restrictions on movement are lifted. That’s because the sustainability of the economic bounce-back is uncertain, with many businesses still closed or serving fewer customers than before.
The economy was already slowing for three years prior to COVID. An economic recession was expected. The whole world is going into recession at the same time. There will be no place to hide.
Let's get real. The downturn in GDP for the developed world is closer to 25% despite the bloated response of governments pouring massive amounts of unsecured funds into supporting zombie companies and unemployed workers. Now with efforts to support social distancing being abandoned, there is a dark shadow on the horizon investors may ignore at their own risk.
The GDP has turned into a circus of money rotating in circles without actual relation to average prosperity and productivity.
Anyone with the intelligence of that surpassing a St. Bernard dog knows that the world has entered the early phase of a global economic depression. There will be NO "V" nor "W" recovery folks. No matter to what degree the Fed juices the S&P on the Market, there will be no actual recovery. It is all smoke and mirrors with many people at home, behind a computer, due to the COVID virus, mere amateurs, "buying low," whereas, the seasoned investors are on the sidelines. Many of these amateurs are "buying low" into already bankrupt companies.
October and November will be the real telling point on the Markets.
I've been expecting the quasi collapse of the Eurozone, and especially Italy, Greece, and Spain, for about ten years now. The perplexing thing, however, is that no matter how bad their economic and financial situation is, they still manage to limp along. Their solution so far is to just borrow the money, and if interest rates get too high, have your central bank create money and come in as a major buyer of your debt to get those pesky rates down. Several European countries have had even imposed negative rates to coerce people to spend rather than save the money to prevent deflation.
How much longer do you think Europe can get away with this and keep it all going?
The issue here is the European recession. But The US will be close behind. And we could be talking a Depression, not just a recession. "The virus" was just the pin, not the bubble, and the real bubble was caused by coordinated Central bank Policy.
The U.S. will beat Europe to the cliff and be on the bottom before Europe even jumps off in November of 2020.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
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<i><b><br /></b></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-90828387475441163832020-06-20T15:34:00.002-07:002020-06-20T15:34:20.412-07:00👉A Dollar Crash is Inevitable, Dr. Stephen Roach Warns !!<i><br /></i>
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<i><br /></i><i><b><br /></b></i>👉A Dollar Crash is Inevitable, Dr. Stephen Roach Warns !!
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<i><b><br /></b></i>A Dollar Crash is Inevitable, Dr. Stephen Roach Warns.
The stronger dollar era may be on borrowed time.
Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash.
“The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit,” the former Morgan Stanley Asia chairman told CNBC’s “Trading Nation” on Monday. “The dollar is going to fall very, very sharply.”
Roach predicts a 35% decline in the U.S. currency against its major rivals in the near future, citing increases in the nation’s deficit and dwindling savings.
He added that the rise of China and the decoupling of the U.S. from its trade partners is likely to end the supremacy of the dollar as the world’s reserve currency.
Dr. Roach is right that sooner or later, manipulating the dollar for our own purposes will come back to bite us. So much of the US prosperity these past decades has come from having the "reserve currency" with the willingness (now gone) to make sacrifices for the world order.
The bottom line is that $4 trillion in stimulus has been created to deal with Covid-19. The national debt just passed $26 trillion (130% of GDP). When you create more money, its value must go down, unless other currencies are also being increased at the same rate. While Europe and Japan have also passed their own stimulus, they haven't created proportionally as much new money as the US. Meanwhile, China and Russia have so far refrained from using unconventional fiscal policies. Russia's government debt as a percentage of GDP is actually among the lowest in the world. Not everyone is in the same boat. The US will one day have to face economic consequences for what it has been doing for decades.
But what's going to replace the dollar? Certainly not the euro. The yuan? China is even more manipulative of the yuan than the US is of the dollar. China has no transparency, and it has massive internal yuan debt over two times its GDP that is its priority rather than supporting the yuan as the new world reserve currency.
The dollar's appeal is that it is 'the cleanest shirt in dirty laundry.' But, it's going to take a lot more than structural change before the yuan can even begin to function as a reserve currency. When people get really scared they go to Swiss Francs or gold. Any asset that can be arbitrarily revalued at the whim of the Chinese Communist Party can only be speculative.
The dollar can be replaced by a basket of convertible currencies. In fact, individual investors should do some of that through international diversification.
The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. The days of the dollar as the world's reserve currency are numbered. This does not bode well for the future of the U.S.
We have lost our leadership position in many areas. The decline will be painful.
Oil and gold are starting to trade in other currencies. When the US dollar is no longer the world standard, America is in real trouble. The Federal Reserve deserves a huge part of the blame.
The dollar is losing value against all major currencies. We have almost no savings and mountains of debt.
We can't pay our bills unless the FED monetizes it.
The political situation is not helping either, and it will continue and accelerate the downfall with more political turmoil and uncertainty. Some countries that are heavy US Dollar reserve holders will find themselves losing a lot of purchasing/exchange value.
Trump destroyed confidence in the US, and he has alienated a ton of countries, including allies. China and Russia have already started trading oil in a non-dollar currency. If there's an alternative, other countries are certainly open to pursuing and using it.
SDRs which were created by the IMF is a basket of currencies, albeit with the US dollar as the main currency. But that can change. With all that is going on in the US, more countries will look somewhere else.
What's the dollar's future now that the Fed created an additional $5 trillion in just the last few months! This is an election year. The Fed could bail out every state, city, corporation, and pension plan even if it costs $50 trillion. We are going to use dollar bills as toilet paper within five years. Probably in three years.
When the fed is printing trillions of dollars a month, something will eventually need to give. In the 1980s, the total debt was around 1 trillion. We are now adding that much each month to both the fed balance sheet and the national debt. Zimbabwe here we come.
The dollar is a dead currency walking. With the Fed now creating more dollars in a month than they used to do in a year, we're going to have hyperinflation like Zimbabwe or Weimar Germany or Venezuela. Massive money printing always leads to hyperinflation. I expect the dollar to be dead within three years. China has been making deals all over the world to trade with other countries in the Chinese currency.
The banknote known as the dollar was placed in a coffin by Nixon. Removing even the idea of the gold backing the currency spelled its death. It has been buried six feet ever since.
All fiat eventually goes to zero.
As the US continues to pump phony money, eventually we will be papering our walls with it. The Ruble and the Deutschmark at their lowest come to mind.
First, the dollar falls, then rampant inflation kicks in.
The US has done a magnificent job with the smoke and mirrors while debt keeps rising.
Now the rest of the world is waking up to the fact that they might not be able to pay back all the loans.
In principal, US dollars should lose 50% of its value by 2025 due to infinite QE that will have printed close to $20T by then. But, the strength of a currency is relative. The competitors of the US Dollar, such as the Euro, GBP, and Yen, are in a far worse state than the dollar.
If you put $1 in a T-bill in Jan 2000 and held that until Jan 2015 before cashing it in, accounting for interest paid, taxes on that interest, and the currency devaluation over those 15 years, you would have just 75 cents of the original buying power of that dollar left. Investing in the US is a BAD financial decision. The rest of the world is waking up to that realization. The US dollar today has just 2 cents the purchasing power it did in 1950. When it finally loses its World Reserve status, it will jump from $1500 per oz of gold to $30,000 per oz of gold within a year. And the US will become just another 3rd world debtor nation.
The dollar is as dead as the USSR ruble or the ancient Greek souvlaki. If you have any, you should rid yourself of them forthwith.
You should hold your dollars in other assets and convert them when needed. Don't just let your dollars sit there in your bank account because that's where the damage will be done. Every other asset will go up, some much greater than others.
The stock market has turned into a high-interest savings account; you hold it in there and convert when dollars are needed. Stocks will not keep up with inflation, but its better than dollars in a bank account. Commodities will outperform stocks, but it's useless trying to hold physical bushels, bales, or drums. That's why gold is the easiest commodity to deal with; $500,000 in gold can fit in a sock drawer.
The dollar has failed twice before in our nation's history. Once after the revolution and again after the civil war. It's about to fail again. Expect your wheelbarrow that's hauling around all of your dollars will be worth far more than the dollars themselves. Expect a 15:1 reverse split on the dollar with a return to the gold standard. The last time our dollar was worth 100 cents was back in 1933. If you peg the purchasing power of the 2020 dollar to the 1933 dollar, the 2020 dollar's purchasing power will look like this .001.
We are $26 trillion in National debt alone. States are in debt. State pensions are grossly underfunded by $1 Trillion. Personal debt is skyrocketing. The groundwork was laid at least since 08 when the last crash happened. China and Russia made agreements with hundreds of countries and not just insignificant ones, like England and Australia, to trade with their own currencies and bypass using the dollar. OPEC countries have been doing the same thing. Eventually, the dollar will fail. It’s inevitable. All fiat currencies fail. What’s next? Who knows? It could be a basket of currencies using special drawing rights from the IMF. More than likely, it will be digital, no more paper money.
If ANY country on earth decides to just print dollars, FLOOD the world with paper money, then why work or waste time producing goods.
There is a reason why China, Russia, Europe, BRICS (Brazil, Russia, India, China, South Africa) are all deciding to use different currencies besides the US dollars.
The US is dead broke and held up by countries that lend it money by buying US treasury bonds and bills, and at the same time, the dollar grows in strength, indicating a strong US economy. This is further evidence of a broke system. There will be an intervention, and then the dollar will eventually fall to an appropriate level, approaching zero. Then the dung will really hit the fan.
Our monetary system is based on inflation. The greater shame is very few of us realize that we also are taxed on that inflation. Think capital gains. What a scam.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford.
I'm afraid 95% of Americans are too dumb to get it. Slave away at the 8-5 their entire lives for peanuts and get taxed at 50% while the FED "creates" trillions from nothing.
No work or productivity, just money for nothing. The biggest scam of the last century, and still going strong today. Of course, for most in the USA, ignorance is bliss.
Endlessly printing a currency may solve things in the short term, but long term, it causes serious damage to the value of that currency. This has been proven countless times in history. Now, do I think that the US Dollar is going to suddenly crash in value overnight, leaving us all in some doomsday financial apocalypse? Of course not. It is still a (generally) strong currency and the world reserve currency.
Despite that, no fiat currency is invincible to endless printing. Eventually, the value WILL come down relative to other currencies, and things WILL shift...over time. How long that takes is anyone's guess.
Hedge your bets. You'd be smart to keep at least some money in harder assets with limited supply.
The good news a crash in the dollar will make America manufacturing and good, more attractive.
If the dollar crashes, then all incentive to import stuff that was cheap will be gone. And stuff made in the USA will look inexpensive to the rest of the world. And the cycle continues.
The dollar is being squeezed right now because of the sheer amount of dollar-denominated debt in the world (which tends to happen when you are the reserve currency of the world in such a globalized economy in the age of the internet). The danger to the dollar is that there isn't enough of them, of which everyone defaults, and something replaces it. I expect something similar to Bretton Woods to happen again, be the dollar pinned to Gold or Bitcoin or something. The deficits and money printing isn't serving the American people. It's serving the dollar backstop of the global economy.
Global elites are getting ready and using the virus as an excuse to introduce a new reserve currency based on a basket of currencies and hopefully some gold too.
"What currency would you buy and hold for the next 50 years?"
Absolutely none. At 2% yearly inflation, your holding would be worth 63% less after 50 years.
The US Dollar is programmed to devalue at 2% a year. In fact, the economy could not survive without that induced devaluation.
One hundred ten years of data from Macrotrends indicates silver appreciates at 4.3% per annum with the volatility that creates income opportunities for selling covered calls. Using an ETF like SLV, the metal indeed becomes a virtual currency, liquid enough to use.
The reason silver certificates were pulled in 1963 was that the commodity value in a silver dollar for the first time rose above $1. It surpassed $1.33/oz in that year ( a silver dollar is 75% silver). It's now $17/oz. That should be all you need to know about how our monetary system works.
Buy gold and end the FED, the dollar is being turned into toilet paper!
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
Consumer spending makes up 70% of the USA economy. Most of that spending is on goods we import, which means other people work to make them, some of it is good, but we don't invent and build anything to put our people to work. With COVID 19 mishandling, the spending is quite down to food mostly.
The stock market paper gains are included in the economy, but most stay in the hands of very few people.
It was decided back in 2008 that money has no actual value, so any saving not in the stock market produces ZERO income for their owners.
Our governments have been lowering taxes for the rich while neglecting to improve the infrastructure, health/safety, education, and job training in a changing world economy, stuff that would benefit the American people. Politics has been about so-called social issues that make no difference in people's lives, all about ABORTION, GUNS, RELIGION, AND HATRED FOR IMMIGRANTS. NOW the chickens have come to roost.
The U. S. can only make a new currency by default. Its bonds would become as poisonous as those of Argentina. Interest rates would soar. As America funds itself by borrowing money, social programs and public services would collapse, and the military would dwindle away. It would go into immense poverty, because it is a nation of consumers, and has little real wealth. Manufacturing has all gone abroad. America lives by devouring the world's goods in exchange for worthless paper dollars, which were forced upon humanity by brutality and fraud. Once the dollar goes to zero, America is nothing. What is worse, its destruction will be blamed on capitalism rather than socialism, so that all efforts to rebuild will be futile.
The dollar being the world's reserve currency, allows the USA to run trillion-dollar deficits because it exports its inflation to the world, and the world absorbs it as the increasing population needs more reserve currency to conduct its business every year. That pretty well eats up the extra dollars the Feds keep printing each year to finance our federal deficits. If we were say Greece, the currency and country would have imploded decades ago, just like Greece did when it tried to run continuous deficits. The problem is our presidents, including Trump, are trying to use the dollar as a political weapon on countries like Iran, which will give countries a reason to use another currency to settle debts. China, Russia, and India are working on such a currency, When an alternative is available, the US dollar will implode, and the USA will be in a recession worse than 1929.
Of course, it will fall because what goes up must come down eventually.No kidding! The Fed keeps adding zeroes to bank screens and buying stocks and bonds while propping up hedge funds. It is called the REPO market.
In case of a default, The stock market and housing bubbles would deflate, causing losses of up to 90%. Pensions would be wiped out. All social programs would be cut. The price of goods and services would soar because there would no longer be a strong dollar to buy them with. The dollar would plummet in value. Unemployment would be lasting and horrific. And capitalism, instead of socialist central banking, would take the blame for it all, leading, possibly, to decades of misery under socialism.
This is America's fate if it defaults. If it doesn't default, it has, at best, a few years longer before hyperinflation takes hold, and has to default anyway. Because, by this point, only tens of trillions per annum can keep yields sufficiently down for the system to function. They have tapered liquidity to $1.5 trillion per annum, and stocks are already slipping into a crash. It isn't enough.
Food prices are rising because rather than the last 39 years of the Fed, creating credit and handing it to hedge fund managers and congress. Creating asset price inflation and runaway growth in medical spending and what amounts to welfare, corporate, and otherwise, new credit-money was handed to Joe Sixpack.
You can't violate Say's Law with impunity. Creating purchasing power by any means OTHER than production simply increases the amount of money chasing whatever is in the marketplace. It doesn't add to what is available for purchase.
Taken to the extreme, you have the situation in the USSR where people had rubles, but the shelves were bare. This is what flooding a nation with credit-created-from-nowhere produces.
Under FIAT money, money was debt, so debt was wealth. People forgot that an IOU is nothing until it's paid-back. We now have a world drowning in "wealth" that is nothing but IOU's that depends on all other IOU's performing, when mathematically we long ago passed the point where this was true.
All that "wealth" is an illusion. So is training people to forget that it's not about money-in-hand, it's about the product available for purchase.
Goods availability is likely to crater in the next couple years, and if politicians attempt to make people whole by creating trillions in credit, all it will do is crush the average man's standard of living even more.
Did the Trump administration open Pandora's Box by seizing the Fed's credit creation system? Only time will tell. For nearly 40 years, we witnessed credit-inflation on an unprecedented scale, but because it flowed into asset markets (including the value of debt itself), no one cared. We all seemed to get rich.
Now, much of that wealth (in the form of debt, and in asset prices rationalized by its wealth-effect existence) is likely to disappear (mostly chaotically), but goods availability may plummet as well, meaning that prices could rise or fall, but affordability will plunge for many things.
Oh, how the sky darkens with chickens coming home to roost. On second thought, that must be locusts.
Currency collapses are usually followed by war.
In the case of a collapse of a major global currency, that would mean global war.
China / India may be the flashpoint. India, with the support of the US. China, with the support of Russia.
The current system is being run to the ground by design, so the Fed can issue in a NEW system- henceforth why the Fed is "burning up dollars" to buy it all.
We have been stolen into darkness by the evil greed of people for whom we voted.
May I suggest Water, Food, Lead, Silver, and Gold in this order.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-26520630445424585692020-06-15T12:01:00.002-07:002020-06-15T12:01:30.135-07:00The Coming Pension Crisis will make the Pandemic look like a Party !!<i><br /></i>
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<i><br /></i><i><b><br /></b></i>The Coming Pension Crisis will make the Pandemic look like a Party !!
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<i><b><br /></b></i>The US pension plans warned they would run out of money by 2028. At the moment, a number of US public pension plans have barely recovered - if at all from the 2008 financial crisis - now to be hit with the continuing economic fallout from the corona-crisis and domino effect of historic unemployment. An alarming report in the Financial Times warns that seven major public pension plans are due to depleting their assets by 2028. The retirement crisis will make the pandemic look like a party. So many, for whatever reason, have no savings at all. They will vote to be helped. The Medicare trust fund will run dry as early as 2023. Payroll taxes and premiums will go up, while benefits will go down, or some combination of that. Social Security will use up the trust fund by 2034. The national debt is projected to be 50 trillion by 2030. We'll have to print more money, meaning inflation. No politician has even pretended to address these hot potatoes. I'm not saying it will all play out this way, but it is undeniable we will have many, many, many millions of seniors that will not be able to provide for themselves. Almost a third of Americans say they may never retire because of coronavirus hardships.
This country is in for a bigger crisis, with so many Americans having zero savings and getting older. The Social Security issue MUST be dealt with NOW too. It's due to run dry soon.
The Covid-19 pandemic has crippled economies all around the world. From healthcare disasters to black swan financial events, it has been quite some time since the future has seemed so bleak. The politicization of the virus is the problem. And all meant to destroy the economy.
According to a story originally published by CNBC, this widespread financial strife has caused more than one in four Americans to raid their retirement savings.
"40% of Americans Have Less than $1k" and "75% of Boomers Have Less than $10K for Retirement" and "Boomers STILL Carry More Debt than Investment and Savings. Only about 10% of the working population has ANY savings to speak of. This is the only generation less prepared for retirement than they were even two years ago. A 2018 study by Northwestern Mutual reported about 1/3 of people nearing retirement had less than $5,000 saved for retirement. As a society, we are not generally well prepared for old age or retirement.
Yes, some people grew up with smart money parents, others did not, so we had to learn on our own. Teaching money management and
financial investing, a good budget, etc. is absolutely necessary.
These are survival skills that an educated society should provide their citizens....don't leave it up to chance or we will pay the consequence.
ALL Americans will retire. It just depends if it fits on your terms or not. At a certain point, after being let go and unable to find another job, you are retired.
If you're self-employed, you can work as you want. Some folks go till they drop. If the pandemic accelerates, "retirement " will come with an oblong box or cremation.
You may plan to never retire, but believe me, you will for one reason or another. Start saving money, cut the cable bill, the telephone bill, the vacations.
Don't buy an expensive car. Believe me, you will retire someday due to health issues or just because your employer wants a worker who is younger, healthier, and will accept less money than you.
A lot of people will likely be forced to retire. A lot of jobs will not come back, and when they do, you can bet older workers will be the last hired.
Corporate America has no need for you past age 60. Many of the 55 - 60 years old are being forced into retirement early because of the virus. They have been laid off with no chance of being rehired. They don't show up on the unemployment numbers, but they are here. The unemployment figures are false and much worse than indicated.
By 50 years old, you should be prepared for retirement. I can't believe how many people think they can start saving for retirement "later." "Later" is promised to no one, stupid not to start immediately. Besides, wealth is a function of time and money, more time, less money, less time, much more money (contributions). Time marches relentlessly on, it can either be your friend or your worst enemy. I know many folks 50 and up that were laid off during the great recession, never to have found a decent paying job again, and the same is going to happen again now. Then you've got a significant chance of becoming disabled due to illness or injury. Maybe your body just gives out you can no longer do your physical job any longer. If you've waited, it's too late now. If you want to talk presumptuous, it's assuming you can save "later."
THE PROBLEM IS NOT THE VIRUS BUT MONEY MANAGEMENT. IF ONE IS NOT TAUGHT AS A CHILD TO RESPECT MONEY, THEY WILL BE AND STAY POOR. If one event can ruin your retirement, then you didn't plan very well to begin with. The simple truth is 45 years is either a lot of years of good decision making or a lot of years of poor decision making. There's going to be a huge spread between the 65+ haves and have nots.
It seems each new generation becomes lazier than the previous one.
They want more entitlements, but they're less productive.
The newest working people, those just graduating from college, got a good lesson of what living paycheck-to-paycheck will do. Hopefully, they will understand not having a subscription or two, having the newest smartphone to order your coffee and leasing the BMW isn't so important if you have zero savings of some kind.
If you are working and unable to save at the very least 10% of your pay, then you are spending too much. Or you're not making enough. Saving is not a hard concept. Savings takes self-discipline. The key was (still is) don't spend a lot of money on depreciating assets like cars and clothes. You gotta live within your means and save for the rough times.
People were crying the second week out of work with no paycheck.
These people are obviously doing something wrong!
If 2-3 months laid off, and possibly making more in unemployment/stimulus money has ruined your retirement, you were already a financial wreck before coronavirus.
Simple rules:
1) Live below your means - not just within your means.
2) Purchase items used if possible, such as a car. I only purchase used cars and keep them for 5-7 years. I do purchase new cell phones, but I keep those around three years on average.
3) Have at least three months of emergency funds. More is better, but three should be the minimum.
4) Invest early and often.
5) As you get older - and closer to retirement - slowly switch a percentage (40-60% depending upon your specific circumstances) to more secure investments.
6) Take on as little debt as possible. I do not know what my credit card rates are as I always treat them like cash and pay them in full each month. I only take on debt if it makes sense financially.
Regardless of your income, it is possible to prepare for emergencies and invest in retirement. It simply requires discipline to do so.
Should have had some emergency savings in place to sustain you for a few months WHEN the economy goes south. If you're holding a nice smartphone, drive a nice car, and live in a house you couldn't afford, then you only have yourself to blame for having to work until you drop dead.
Live within your means, plan for the future, and don't count on somebody else to come along and support you, because they (probably) won't.
If you are having trouble making ends meet, here are a few tips.
-Cancel unnecessary subscriptions, cable TV, Netflix, prime, etc...
-Shop around to save on monthly services like insurance, phone, internet, etc...
-Buy second-hand items whenever possible: cars, furniture, clothing, cell phones, etc...
-Buy the lowest-cost, smallest house that meets your needs (not your wants).
-Cut out unnecessary spending on restaurants, coffee shops, etc. Make your own meals, do the brown-bag lunch thing
-Don't spend a lot on gifts. Make your gifts. It's lower-cost and more meaningful.
-Don't do stupid stuff.
-Shop around for a better paying job. Compare total compensation, including wage/salary, 401k contribution, HSA, health insurance. don't include BS benefits like pet insurance, free massages, or other things you don't need.
-Don't buy pet insurance or spend a lot at the vet.
What this virus has exposed is the lack of an emergency savings account and basic financial planning.
And stagnant wage growth for the last decade has not played a role! When a person has no cushion, Covid-19 doesn't make much of a difference.
Boomers do have one advantage, though. Our parents grew up during the Great Depression, so the idea of savings was drummed into us during our childhood. It doesn't mean every boomer learned, but many did.
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The pandemic did not create the "retirement crisis," it has been there all along. And the Federal Reserve Bank is not helping millions of retirees being made complete fools of with money in banks and credit unions at around .01 percent interest. They are being robbed by the Fed to pump up Wall Street speculation into the latest balloon. This is not going to end well.
If the "Fed" stumbles and falls, which I think that it will, the wealthy will just run away from the Hindenburg Finance Disaster and just create another scheme, probably "digital" this time.
Hardly anyone "saves" what the privately-owned Federal Reserve Bank can just create more on in minutes on computers or taking a while longer, printing up debt "notes."
Most of us, myself included, will get badly hurt if this grand scheme of paper and computer digits crashes someday.
The money given away by the government this year will reduce the value of your retirement savings by 20%; REAL inflation is that huge.
The weak financial condition of seven US public pension plans threatens to deplete their assets by 2028, leading to severe risks for the living standards of thousands of American employees and retired workers. Many US public pension plans had not fully recovered from the 2007/08 financial crisis.
As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or lifetime payments from their pension could boil down to one factor. Whether they think the employer will be able to meet its long-term commitments.
There are over 5 trillion dollars in 401k's, and you can bet the government is absolutely salivating over the possibility of taxing it or even confiscating it "for the greater good.
Using 401k law to fund retirement has always been perilous. While the current stock market drop is understandable, many market swings seem baseless, and the result of both can and do ruin retirement plans with no fault of the retiree.
There should be a law that companies must contribute to a funded retirement plan run by the Federal Government. In most developed countries, something along this line is done, and since all those countries and companies within those countries figure out a way to be competitive, we should be able to figure it out also.
Last, the law must include a provision that the Government cannot use the funds for any reason other than to disperse retirement money.
People have spent 40-50 years applying themselves. At what point do they deserve to start living? They gave their best years to this country, and in return, it spat in their lap. The elderly should be taken better care of in this country. They spent their entire lives working for corporate America. It's time for Corporate America to pay them the thanks that they deserved. That pitiful living wage during their best years is not enough.
A lot of working people don't realize how much of a burden debt is as it's become a way of life. Maybe this pandemic will make us realize that just because we want something, it doesn't mean we have to get it. Freedom from financial stress is what we should aim for.
Let's be clear. Not only were Americans not financially prepared for a pandemic, but Corporate America wasn't either. How many businesses, both big and small, are shuttering their doors. Businesses couldn't afford to keep paying employees, rents, etc. any more than the average American could keep paying for their basic expenses either. I hope the finger-pointing and BAD CREDIT judgments get reined in.
Being a consumer-oriented society, we have been pushed to the limits to spend. A capitalist nation depends on the consumer to spend and spend more. However, recently, due to the ongoing lack of confidence in our economy, many people have turned to save instead of buying for buying's sake. This has sounded alarms in corporate boardrooms. Their goal is to get spending back on track.
Larry Kudlow mentioned that the retail sales numbers would be great for May. But, he failed to include that much of that spending was done with stimulus checks. He also didn't state that credit card spending was also up. People are resorting to Credit Cards instead of cash savings. What happened when the stimulus ends and credit cards get maxed out?
The pandemic brought an important lesson home to everyone. It has taught us that anything can and will happen and not always good. You plan a budget, then try to stick to it, set aside some money for emergencies, and prepare for the future. Generation X's have a long time to retirement, so they have time to recover from the downturn in the employment market.
It will be slow at first. I think we'll be told one day to thank God our president is saving the economy by issuing new, strong money. We'll be told our non-patriotic old money will not be good after a certain date or after a bank holiday. At that point, if it happens, spend ALL your old money on food. After that, I can't tell you. Good luck! Save money. Money talks during a disaster, including finances.
Most people put way too much faith in the stock market. Quick gains also open you to quick losses.
Buy gold, Silver. Stay away from this market for now. Just wait for the burning smell of speculators to get a sniff of what is heading our way. Markets are way overvalued and will see a massive fall. There is no justification for stock prices when the entire nation is still suffering from this Virus. It is not going away because Trump says so. We haven't seen anything yet until the fall, which is only 16 weeks away. This virus will haunt us again worse in the fall.
The FED response has been almost criminal yet continues to persist. I think we may finally be at the breaking point of this fiscal policy since too many people are using it to speculate on values going up no matter what based on FED support, which has created an enormous bubble that can only be addressed by either reducing support, or a massive collapse.
A 2nd wave is guaranteed here in the states.
The second wave of virus + Riots = stock market's doom.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-39097567352502398672020-06-12T16:32:00.002-07:002020-06-12T16:32:40.356-07:00👉Bankrupt Hertz Stocks up 50% -- Day Trading Madness !!<i><br /></i><i><br /></i><i><br /></i><i><b><br /></b></i>👉Bankrupt Hertz Stocks up 50% -- Day Trading Madness !!
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<i><b><br /></b></i>Hertz stock went up over 50% after the company announced on Thursday its plans to sell up To $1 Billion In new bankrupt stock.
After announcing the opportunistic sale of newly bankrupt shares, "investors" are bidding the rental car company's stock up 50% this morning and back above its pre-bankruptcy levels.
You CANNOT make this stuff up. Beyond corrupt and out of the box insanity. Peak Stupidity and Insanity.
Hertz up 25%+ next week, bet on it. Robinhood Autists will buy it with both fists.
This is a bet that stupidity exceeds infinity, and one guaranteed to pay.
This will be epic. They will clean out the stockholders, dump 80% of the cars, all the insiders will pay themselves handsomely, then the debt will get a restructure, and fresh stock will be issued again at $20 / share IPO (of course after the insiders give themselves a large chunk of that fresh stock block).
And the public will buy it with both fists.
If a consumer ran up a debt on a credit card knowing they're about to claim bankruptcy, that's fraud and can be prosecutable. But
Corporate Welfare Socialists get away with whatever they want with Wall Street and the Banks.
Every big corporation is now literally "Too Big To Fail" and "essential." Total Corptocracy is what the USA has devolved into. Absolutely no moral hazard or accountability for anyone but the sheep. Nothing changes until the guillotines roll.
We are in a bubble right now; the only thing that looks good is the stock market. But if you raise interest rates even a little bit, that's going to come crashing down.
We are in a big fat ugly bubble. And we better be awfully careful. We have a Fed that's doing political things by keeping the interest rates at this level.
The Fed is not doing their job; the Fed is being more political than Secretary Clinton. By the way, those were the words of candidate Trump in 2016, not of today.
Stocks are up because our counterfeiting Federal Reserve keeps digitizing dollars and that trillions of newly "coined" currency have to go somewhere. Well, it goes into the stock market - pure and simple. What a grand scheme.
Seriously, has no one noticed that Trillions were just stolen from citizens and handed to the bankers?
The Fed knows we are screwed. So blow bigger bubbles to try and make this mess go away.
Why the hell do you think it's going up?.
The FED robs from the poor to give to the rich. They gave the common man $1200 to look the other way.
This market such a joke. So many of us have our retirement funds and 401k's invested in this joke of a market. The stock market is no longer about anything. Hertz files bankruptcy, and people are still trading their stock. It was up 888% in 3 days, then down 60% in a day or two, and now it's up to 50+% today. The robin hoods are buying Hertz, hand over fist. I think that they think that Chapter 11 is the one after Chapter 10. The same thing with Chesapeake energy. Another bankrupt company that saw its stock jump from $17 per share to $72 per share in a matter of a few hours only to drop right back down to $17 in a day. With days like yesterday, a week's worth of gains is wiped out in a day. I just don't see how equity buyers see any value with the debt so high. The bondholders are going to take a haircut too. Until the Robinhooders are gobsmacked by reality, this lunacy will continue. What if the FED is doing this with its own Robinhood account?
Anything is possible in this crazy world now.
I see the fraud is widely prevalent in the system. There were 100s of bankrupt companies kept trading after filing BK11, and eventually, it became 0. There are many companies insiders manipulating stock prices ( maybe shorting their own stock through 3rd party, spread the bankruptcy rumors, cover it at the bottom for pennies) In many cases, there retailers trying to fight out this nonsense ( without any oversight in this wild west ) to pull their tail out of huge losses somehow. Hence they buy up stock to cause the shorties to cover at higher prices.
There are literally 100s of companies stock manipulated like this in the past while SEC is sleeping at wheel or watching.
Come on now. What fun is left in the world if you can't pretend to be a bigshot day trader investing in bankrupt companies that are issuing stock!
Truly the world has gone crazy.
The greatest economy in the world, 100% backed by retail bagholders and funny-money wizards.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
This market is not normal. DJI went up 4000 points in a month. That's a lot of profit to take off the table. After yesterday, people are going to take profits on any bounces. Markets are still overpriced. The old pump and dump surely to happen.
The rich got all their losses back and knew when to pull the plug. Super fishy market going on. There was no stopping this market a few days ago.
A classic market manipulation, how do you think they're stealing your meager capital. The America I knew, has rather changed. Now it seems that the horn of plenty is only open those who own stocks. I once remember the horn of plenty was open to hard-working Americans, who held down jobs for decades.
Issuing endless debt, taxing capital, and consuming it, and printing “wealth” out of thin air definitely works. Definitely, it does not matter what they do - because the real economy is not recovering. And they can't continue to print money at this rate without making the dollar worthless. You cannot use sand as a currency when you live on the beach!!
The Fed is, was, and will continue to prop up markets.
Right now, you've got day traders pumping things up due to low volume, and you've got qualified investors cashing in to close out positions and banking profits. The large scale investors have far more money and shares invested, so the stock drops much faster when the big boys start cashing in. Can the Fed really fight this massive exodus from equities and keep it propped up artificially? Everything is possible, even the impossible.
Bankruptcies are the new growth industry, so why not take advantage.
This market is not for those who believe in fundamentals. The economy NO longer matters ... NOR does the real economy ... NOR sky-high unemployment. All that matters is that wall street reelects trump. He is "The CHOSEN ONE."
You can fool some of the people some of the time, and that's enough to make a decent living.
Ever since the Dow was DOWn around 18k, the FED PRINTING PRESS has been in OVERDRIVE. Awarding stock market gains to the wealthy by way of taxpayer debt. Anyone surprised?? How long can this game go on?
Stocks should keep moving higher unless the fed's printing press breaks down.
It’s all about Program Trading. The stock market is not the leading indicator of the economy anymore (that's now an old economic theory). It has been taken over by the algorithm-driven program trading (Math/AI models), controlled by 20-30 major financial services companies (hedge fund, brokerage, private equity, etc.). These models decide the daily swings of the market. When the models are in tandem, the market generally stays up all day long (as was the case today); when they conflict, some wild swings come into play. Obviously, the central news and events are heavily weighted in those models. Of course, while the other professional day traders play along with the trend, they hardly influence the direction of the market anymore, contrary to the conventional wisdom or belief.
There are people who buy just to be buying. No fundamentals left, just roll the dice. That what I see people doing. The market has been overvalued since 2015.
I think if people ever start looking at the company's data and start following the market fundamentals and taking a realistic look at the economy, the market will fall over the summer.
Never in history has stock prices been this disconnected from the value of the underlying companies. At some point, the reality is going to set in -- and it isn't going to be pretty. Gotta be crazy to put money into the market right now with the first little blip of a second wave of coronavirus cases right around the corner. All physical Retailers and theme parks and restaurants and hotels and airlines and cruise lines and theaters and sports are all toast.
Most small businesses that require people are toast.
The market price is in the ionosphere, and most companies, 90% or more, will see revenues and earnings decline for many years.
Its just reality, and there are few places to hide now. There is not one good reason to buy stocks or bonds.
The pace of unemployment historically high, FED and Government debt at all-time highs, household debt at all-time highs, FED forced to bail out banks (again) with unprecedented QE and Repo Loans, civil unrest in the country with protesting, looting, rioting, and killing, after limping through the weakest recovery and expansion in history. The U.S. economy is sinking deeper into the abyss. This is what the FED has created. Donald Trump has not drained the swamp. He has made it deeper. What the Fed has not mentioned is the precarious position banks are in right now. Bankruptcies are coming, and some big banks are going to lose their shirts. Remember Lehman Brothers? Get ready for round 2.
I am looking at a run on most of the US banks, especially if this COVID-19 increases starting this summer & Fathers Day & huge riots in the large cities. Already took out everything from the safety deposit box - not covered anyway by FDIC. With the Money Market Reform Act, you won't even be able to withdraw what little money you may have left in your bank, savings, or retirement accounts.
It is not a matter of if it is when is the only question. The titanic is getting set the music is playing, but we are hitting a solvency iceberg. Debt unwinding is coming.
The America, as we knew it, no longer exists. Get right and sit tight; the worst is yet to come.
This is worst than in 2008. We have many more unemployed. Car loans, mortgages credit card debt are all going to be in trouble. That means banks and car dealers and so on and so on. I see a recession for 2 to three years.
The market can never survive normality again - it will just be FRAUD until there is NO market!
Fraudulent, open blatant corruption, and shameless cheating.
The stock manipulators do what they know how to do.
They add nothing to the wealth of our nation. Crazy speculation works until it doesn't.
Calls Puts Naked shorts are a life of their own. The curtain has been pulled down on the Wizzard in the emerald city.
The economy is gutted. We are on the verge of war with China. Our cities are being torn apart. And nothing will stop this meteoric stock market rise until November 3rd, 2020. Then comes the trump dynasty. It kind of am reminds of the Romanoff's, and we all know how that ended.
The whole stock market is complete utter trash fabricated to benefit only the wealthy and screw the poor.
They get the laser speed trading while poor puny bastards are using 4G internet trying to catch up like Robinhood.
Front run every trade!
A few cents times, billions of trades per day adds up!
Computer programs run the markets. Not you. All they care about are making money and making money. You are who they make money from. They're not going to let you go anywhere.
The Markets have morphed into video games.
This is a nothing market.
The only way to win is not to play.
Only a moron would play this casino. If we went back to the gold standard, we wouldn't be trying to spend all our time speculating. We would be inventing stuff. Our economy became financialized by fiat - imagine all the Wall Street jobs that would go if we returned to the gold standard.
Robinhood won't order fill unless you are a cent above ask and a cent below bid. Better yet, they then sold their order flow to HFT players, lock their players into dark pools, and then block withdraws.
Oh, did I forget their clients are not even buying real stock. Their just buying a digit inside Robinhoods computer. Their trades don't even go out to any exchanges. Oh, this one even funnier they just shut down selling while the market routs and their indexes are like 2% off the real market.
The rest of the brokers are probably blue with envy that their frauds are modest in comparison. That's the power of free. Save your commission.
Oh, just in case you want to make it even better, you can invest in a company that's bankrupt, like Hertz. What a deal!
This is how the scam works. YOU buy say one share of a company - $1300, which is fine. But the order never gets to an exchange, and you never owned the stock. As the price climbs on the aggregate across 1000's of share buyers, millions of dollars flow into Robinhood. Then they simply watch the futures and shut down while the market corrects. Because nobody can sell while the price falls. Robinhood keeps the arbitrage spread of the price fall. That's why they'll always shut off while the price falls. Once the price falls significantly, the trading is reopened, and the client is now staring at their losses. So they sell.
Robinhood credits them the difference (loss). Plus, they also squeeze the client a penny spread above ask and below bid, which is more % in their pocket.
Aggregated over the 10's of millions of traders, they are making 100's of millions off this.
Oh, if that's not insulting enough, the HFT's see your order flow and their algos squeeze a penny here and there out of the whole thing.
Surely the SEC will get after them for their accidentally on purpose shutdowns? Just kidding.
The fine is never as high as the money they make off the crime. Isn’t that what they say on Wall Street?
I have never witnessed such blatant corruption in my life. What a disgraceful situation these bankers have created.
Buy land, silver, or gold. I am trying to get out. Stocks are not worth at all. You can lose all of your money, definitely not investment. It is worse than gambling since it is all digital; the Mafia sees your hand and steals your money.
Gun and ammunition stocks. That's about it for now.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-21414267963365726922020-06-10T14:05:00.000-07:002020-06-10T14:05:08.340-07:00👉Monetary Reset & Economic Collapse worse than The Great Depression<i><br /></i>
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<i><br /></i><i><b><br /></b></i>👉Monetary Reset & Economic Collapse worse than The Great Depression
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<i><b><br /></b></i>As America continues to implode from within, The era of the dollar’s exorbitant privilege as the world’s primary reserve currency is coming to an end.
The U.S. living standards are about to be squeezed as never before. We import everything, and the only things we export are wars, mortgage-backed securities, And The US Dollar.
Our nation's wealth is being drained drop by drop because our government continues to mount record deficits. The security of our country depends on the fiscal integrity of our government, and we're throwing it away.
The Contraction of GDP is currently, WORSE than that of the Great Depression, which then stood at 33 %. TODAY, contraction of GDP stands at 50 %. We can safely conclude that we have entered into the GREATEST Depression, EVER!
Our national debt is going to eventually catch up with us, and it will be painful for all, and this has been a long time coming. Just how much money do you think The Fed can print without other countries balking at buying our over-inflated notes!
The world is also tired of the US threatening to ruin their economy by the Dollar if they don't tow the US line. Gold-backed currencies, decentralized cryptocurrencies and trading commodity for commodity is the way around that. Settlement in the US Dollar has dropped in recent years when it hits fifty percent. Its days as the world's trading currency are over.
The Federal Reserve Note is a Debt-based Pyramid Scheme. Other nations no longer purchase our bonds (debt). The record of History proves that paper currencies always hit their intrinsic value of ZERO! We are well on our way.
The weaponization of the dollar and the US banking system by Trump is why the dollar is weakening. Add to that the fed printing trillions and the government borrowing trillions to prop up the markets. Factor in also, record and historical debt loads. The Fed and the Fed system of banks are now the major and almost sole purchaser of US bonds.
The US financial system is taking money out of its left pocket to put it in its right pocket.
Are you expecting a "V" or a "W" recovery? Forget about it! It's going to be an "S" and no recovery for the Markets. Get out now - it's a sucker's market.
All short term Fed-induced liquidity. Oil stocks will drop back to half of the previous lows. The Fed is pumping money into the stock market to make people think things are great. Wake up! It's all smoke and mirrors.
The equity value of stocks is less than meaningless. 2008 should have taught EVERYONE that. Thanks to the financial propaganda-press, the divergent curves of the stock market and the REAL American economy have been studiously ignored by most - at their, and everyone else's, peril.
We are in trouble as a nation. Congress has to stop spending us into deficit.
This has been going on for almost 40 years, and the government borrowing escalated dangerously after the 2008 recession.
Our whole monetary system is dishonest, as it is debt-based.
Our debt is 25 TRILLION. There are 8 billion people in the world. That means every man, woman, and child on the planet would need to pay $3,000 in order to pay off America's debt. Think about that. It means we will never be able to dig ourselves out.
The dollar is already devaluing. Have you not bought anything lately? Grocery prices are way more than they were. It is only the beginning, as the more the national debt increases, the less the dollar is worth.
The so-called "dollar privilege" is largely responsible for the erosion of the middle class in the USA. It did wonders for the 1%, no so much for the 99%. The "Walmart effect."
The average Joe standard of living has been stagnant for decades but not the top 1%. As a matter of fact, the top 1% incomes have gone 10000s % for decades. We've got to worry about the world not wanting the dollar anymore, which will mean hyperinflation like Venezuela.
We can’t print endless money and not say hey, how about we start paying it back. We are right now 30 percent Stimulus in the GDP. Trumponomics needs to stop. Billionaires are burping with borrowed taxpayers' money. It’s time for hard love when it comes to budgeting. The collapse of our economy is inevitable.
How can you live at home with borrowing more than you make? That’s the USA right now. Living on credit is never a good thing.
When asked about the burgeoning federal deficit and national debt, Trump replied: “Not my problem!.”
For far too long, the US has benefited from the unfair advantage of being the reserve currency of the world, printing dollars with impunity all at the expense of the rest of the world, which has granted such largesse for the sake of economic efficiency.
The US leveraged its reserve currency status by demanding that oil can only be traded with the US Dollar hence the petro-dollar monopoly. This has not only allowed the US to spend five times more on its military than Europe and China combined but enabled it to meddle in other countries' affairs through invasion, toppling democratically elected governments, and bombing innocent civilians suspected of terrorism.
The Trillions, being pumped into the economy by the Fed, are being subsidized by the rest of the world as their dollar reserves decrease in value due to flood of US Dollar entering the markets. At some point, this house of cards will come crashing down, and it will be caused by US greed and lack of fiscal discipline.
The Fed’s decade-old grand experiment of creating trillions of dollars of debt used primarily to enrich the top 5% wage earners, wall st banks and insurance companies, and the well connected like warren buffet has finally reached the point where the end game is in sight which is a collapsing, crushing debt bomb.
Now its taking hundreds of billions, even Trillions every day, to keep the bubble market inflated.
The saddest part of this is the vast majority of politicians, and business leaders who should understand the implications of this shift and are in positions to address it are all worried about their next election or quarterly report.
The dollar is declining now. That's why stock prices are up: when priced in dollars, stock prices have been declining as the dollar's value shrinks.
Once the dollar is dethroned, there will be no world reserve currency. Each nation will have to back their own currency in Gold or direct trade commodities. A world reserve currency allows for abuse by the issuing nation. The USA was able to scam the world for 50 years, so its time to get back to real money and see the real price of things again.
The selloff of the US dollar has already begun. Big changes are coming. It is going to be beautiful.
All government-issued fiat has failed 100% in history. The US Dollar will be no different.
Hedge the dollar and buy tangible assets YOU own, and have no debt tied to your name.
Gold, Silver, land, bitcoin.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.
It is a conglomeration of the Big Private Bankers. Those Banks run the currency show - control it all through the Fed then, to the Government! The biggest con job EVER in history!
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later, he wrote: “I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
On June 4, 1963, JFK ordered the printing of Treasury dollar bills instead of Federal Reserve notes (Executive Order 11110). He also ordered that once these had been printed, the Federal Reserve notes would be withdrawn, and the Treasury bills put into circulation. A few months later (November 22, 1963), he was killed in broad daylight in front of the whole world.
One week before Dallas, he made that famous speech where he talked about a highly secretive group of powerful people he was going to expose, and with the help of The American people, he intended to spoil their plans. The FIRST thing LBJ did when he took office was to abolish the Treasury Dollar printing operation. And all of this bearly reported at the time. BTW LBJ created and pushed through the Great Society welfare state, which is directly responsible for where we are today.
And one of Johnson’s first acts as President was to repeal order 11110.
Forty-four nations agreed in 1944 at Breton Woods to use the US dollar, backed by gold as the reserve currency for international trade. Created at the same time were the IMF (International Monetary Fund) and the World Bank. In 1971, the issue of gold backing for the US dollar was so restrictive to the US government's money printing and deficit spending that US President Richard Nixon "temporarily" suspended the ability to convert the US dollar to gold. That "temporary" suspension has become a "permanent" suspension in practice.
The record of history tells us that GOLD and silver have lasted the war.
Nations, who left Gold out of their support for their dollar ALL their currencies, ultimately tanked. Greeks, Romans, Germany (Reich mark), Zimbabwe, etc.
Currency collapsed. The U.S .will fare no differently.
The Dollar died in 1971, decoupling from gold. As we’ve seen, it’s been reserve currency for almost 50 years. Bubbles can last a very long time.
The US Dollar will massively spike as one last death cough before its death as the reserve currency.
US Dollar decoupling from gold ensured its eventual death, but it was far from dead at that time. The reason why America has gotten so wealthy is because of the combination of the Dollar's status as a reserve currency and the ability for the US to print Dollars without devaluing it due to its status. We got rich off the backs of the countries that used it, but that will come to an end when it dies.
When Nixon closed the gold window back, in August of 1971, the dollar has been manipulated and is losing its intrinsic value, as it slides to ZERO. The dollar, in comparison to Gold, is only worth 1.4% in its actual purchasing power. A penny (1 cent) back in 1906, bought you more than a dollar does today. Ever since the creation of the Federal Reserve in 1913, inflation has been consistent.
The US dollar is often referred to as the cleanest shirt in a batch of dirty laundry. What props the dollar up is world confidence that the US will pay back it's debts and not just the interest on those debts. With the ongoing US injection of trillions of US dollars into its financial system, thus impacting the world's financial systems, its only a matter of time before a new form of a reserve currency is brought into existence. That could be Special Drawing Rights through the IMF or even some form of blockchain cryptocurrency overseen by the IMF and agreed to by the majority of the world's countries, despite what would likely be a US objection.
The US dollars loss of reserve currency status will happen; it's just a matter of when and under what "triggering" circumstance.
This will lead to the inevitable collapse of the dollar!!
A huge national debt always results in higher prices for everything. Neither party had any type of plan to pay down much less off the debt. History shows that governments have collapsed under the weight of runaway inflation. This is the situation Trump or his successor will inherit. We can't even afford another war to pull us out of this mess. Serious riots will make the current racial riots look like tea parties.
People think the recent riots were bad. Wait till the government checks don't clear or they buy 50% of what they used to.
The vast majority of US dollars are held by American Private Banks and the Federal Reserve.
The Collapse of the dollar without any successful successor will equal a crisis that may be even greater of 1929...maybe even with one.
That crisis is already in the works, and there is coming Hyper-inflation ultimately. Can't continue to just print dollars out of thin air with zero to back it.
The existing inventory and underground reserves of Gold will be $100k or more an oz. in order to cover all the outstanding currency. Countries like China and India with huge stockpiles will ripe windfall benefits and become the world's richest economies, while the U.S. will suffer hyperinflation.
The debt service that will be likely over 800 billion next year is money that is frankly pissed away, bringing no services to the American people for that EXTREMELY large sum of money.
If the rest of the world sees us as a bad risk, the price we will pay will be catastrophic. Deficits do matter big time.
Who will fund the saving deficit of a nation that has finally lost its exorbitant privilege?" The Fed will just print money to monetize the debt, right? Everyone in America now believes that the Fed will fix all problems by printing money. It has worked since 2008, so why not?
Should foreigners no longer want to buy US Treasuries, interest rates would be driven up to entice them to fund our debts. But that will cause the economy to collapse.
Lacking in domestic saving, and wanting to invest and grow, the U.S. has taken great advantage of the dollar’s role as the world’s primary reserve currency and drawn heavily on surplus savings from abroad to square the circle.
If the return on investment for Treasury securities continues to be so pitiful that no one will buy them, the whole scheme comes tumbling down.
The dollar has lost all credibility in the context of a reserve currency evidenced by a whole host of factors. Not the least being that the US tries to bully the rest of the world. The US is totally bankrupt, and the world knows it.
Trump has abused it too much.
The countries are feeling the angst of placing their confidence in the dollar.
If the dollar is a so-called world currency, it has to be in the interest of the world.
Lately, it seems that perspective has been lost and
it has been weaponized to serve American foreign policy. The world does not need the dollar. Every country would love to get rid of the PetroDollar, which would, in itself, increase the value of their own currencies. What currency is going to fill the void? China has been working toward its yuan, replacing the dollar on the world stage. If the opportunity arises, they will pounce. The IMF already launched their replacement vehicle in July 2018, which aims at replacing the US dollar for those countries that want to do trade using a common currency other than the greenback.
IMF's Distributed Ledger Technology has been in place for two years now. This replaces the US Dollar for trade between nations. It's already a done deal for the dollar as the reserve currency.
China's BRICS Swift move to remove the petrodollar as the worlds' currency, their expanding economic growth vs. the U.S. dollar's GNP to debt ratio of 107% when over 77% signals fiat money collapse and their expanding global military presence threaten the 1% elite's world dominance (power and monetary control).
The Dollar will eventually collapse. Don’t forget inflation, with trillions of dollars being injected into the economy and negative interest rates on the horizon, what does that mean for stashing cash or equities?
A current American strategy in Foreign policy has been to threaten banks facilitating trade with countries like Iran and Venezuela. This has been noted by the rest of the world and alternatives to SWIFT, and the US Dollar are being implemented. The dramas with Libya, Iraq, Iran, and Venezuela relate to the sale of Oil for something other than the Petro-Dollar.
The US Dollar is vulnerable to the development of replacement energy sources.
The use of the Dollar as a geopolitical weapon has led to the situation where it is being replaced in trade deals. At some point, a lot of Dollar-denominated financial paper will end up back in the US prior to a reset.
Current trends show that both China and Russia have been divesting US paper.
The dollar has about three years of life left before there will be a fatal crash.
The decline of the dollar’s purchasing power has a 95% correlation to the federal deficit, which is exponentially climbing.
At the present time, the economy was stunned by the shutdown, but soon more dollars will be pursuing fewer goods and services.
Inflation will begin to rise, and at some point, the global credit markets will collapse, at least with respect to the dollar.
I don't know about you, but the price of some foods has already doubled.
My guess is the Dollar has less than three years before it is replaced.
It's called a currency reset, and we're having one in the next few years. This will finally solve our toilet paper shortage!
Got gold, silver, cows, bullets, land—anything but fiat.
There should be an international currency, hopefully partially backed by gold. This will prevent endless quantitative easing, and governments will no longer just be printing monopoly money without limits, which has resulted in ZERO and even NEGATIVE interest rates.
Produced in FINITE quantities by the sweat of men, Gold and Silver stand as sentinels to protect the wealth of astute investors in times of currency mismanagement and debasement that is occurring today. Yet only about 1% of the population owns any (outside of jewelry) Ironically due to brainwashing by financial institutions (and those with a vested interest in keeping your wealth in the bubble stock, bond and real estate markets).
Buy US Silver Eagles and Gold Eagles all you can, now that their prices are still very low (due to commercial bank shorting), and you will not regret it.
Soon silver and gold prices will really explode as all of the paper money being generated looks for a safe undervalued place to invest in. Most won't listen to what I am saying, but you will remember I told you this, and it is backed by cold hard facts.
“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.”
– Theodore Roosevelt.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-13807950334125005062020-06-09T14:11:00.002-07:002020-06-09T14:11:10.754-07:00👉The Commercial Real Estate bubble is about to Burst !! Prepare !<i><br /></i>
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<i><br /></i><i><br /></i><i><b><br /></b></i>👉The Commercial Real Estate bubble is about to Burst !! Prepare !
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<i><b><br /></b></i> It has been a wild ride in the economy the past few months, The shutdowns and closures, The unprecedented high unemployment numbers, and now the protests and riots. The commercial real estate market has been clobbered in this crisis, as restaurants and stores virtually shut down entirely.
Things are looking bleak for commercial real estate, which has been way overpriced for 20 years.
Many commercial real estate investors are starting to feel the pain as the bubble is about to burst. And this is just the beginning. As this Depression deepens, this will have disastrous consequences for house prices. Everyone who owns a house will be affected!
My concerns are :
1. The real estate Cycle is due.
2. 40 million unemployed and growing.
3. In 2019, over 90% of US GDP was from consumer retail spending. That ends.
4. 75 million Baby boomers retiring and downsizing.
5. Many small businesses are finished.
6. Markets fall, Real estate follows.
7. Millions of AirBNB’s are in default.
8. The US is officially bankrupt.
9. Loans are harder to get.
10. I believe that the war on cops is the undersold story of this cycle. If cops stand down (Ferguson Effect), many formerly (somewhat) livable areas in big cities will no longer be. I predict a mass exodus out of big cities to the south and the mountain west.
11. People are seeing the effect of working at home, as are businesses.
Why pay for that expensive rent, when if need be they could conference with Zoom or whatever for meetings.
12. This is a nationwide bust. It is not just a typical FED bust out the operation. Then throw the COVID effect in there.
The peeps, like working at home. And the poorly-run debt-laden corporations might just want to stop paying rent on office space. And this doesn't even count the paradigm shift in folks working from home or the "social distancing" that's going to take place in restaurants and other retailers, which my guess will keep happening five years out, maybe more—a bust-ola for the ages.
13. Commercial Real Estate has been in trouble since the dotcom bubble.
Lending requirements made it easier for banks to hide losses because of lending requirements.
I thought Commercial Real Estate would blow already in 2007-08, but they got backstopped by the fed, via bailing out all the federal secured lenders.
You could shutter 50-60% of restaurants with retail, there still would be too much useless crap, and shitty Wantons to waste money on.
14. 40% of commercial real estate is excess at this point.
It will ultimately be torn down or re-purposed, or sit idle for the next ten years or so while the real economy attempts to catch up to the bubble levels that just burst.
Lease rates will adjust accordingly.
Take appropriate action today.
Re-evaluate six months from now.
Don't catch the falling knife.
Expect prices and lease rates to be on a downward trend for at least the next two years.
15. Malls have been paper shuffling sinking zombies since late 2007. It did not take much to capsize the ship. Pity the young will only know malls as a politician named homeless shelters and methadone clinics. Malls were like Facebook to kids until the smartphone. There is a problem with public spaces in America.
They’ve gone downhill along with the class and manners of the public. The decline started with Jerry Springer and earned income credits.
Places that only attract inner-city gangbangers, hillybilly trash, imported exotic freaks, and other assorted creeps, don't seem like the best place to be attempting to sell something.
Malls, soon to be bought up for pennies and converted into Prisons - I mean Quarantine, er I mean Fusion centers.
The shop of the future is going to be a warehouse with new robots in a low-cost area. In a low-cost state.
The product is delivered.
No more city shop front, mall shop to rent.
Wealthy workers? Escaped the city and work from a cottage, village, town—fast networking.
No hours lost to car driving, city transport.
16. This is depression, not a recession. Don’t let the manipulated markets and money printing fool you.
Equity REITs own more than $2 trillion of physical real estate assets in the U.S., including more than 200,000 properties in all states. Most REITs got margin calls around the week of March 21, 2020. Most REITs are levered 7:1, or more. Banks seized the underlying mortgage bonds via margin calls hence materially reducing the tangible book value of the vast majority of REITs. Some REITs entered forbearance agreements. However, some couldn't and experienced serious capital destruction that is not coming back as a typical stock can. It's very sad to see. Because mostly seniors were persuaded to buy REITs to provide yield income, now they just got 50-80% of their principal stolen, and the price is not coming back unless the FED enforces some type of "refund rule," which is doubtful.
Covid-19 pandemic has caused "massive" challenges in the commercial real estate market. The pandemic is reshaping the workplace, which is now more flexible and remote and that could have a lasting impact on the
commercial real estate market, especially office space.
Many employees are never going to go back to an office,
Working from home permanently may be the best thing to come from this crisis. It lowers overhead from renting offices and frees up traffic on the freeways.
Using online digital tools will become second nature. Most companies have realized that it's stupid to make white-collar workers, who don't directly manage labor, to sit in an office five days a week when they could come in once a week. Shared office space is where it is going to be at, and no more of this cube. Work from home is where it will be at so 50+% of office space will not be needed.
Lots of people are delusional thinking that after the pandemic passes, it's back to business as usual. If your company can live with you permanently working from home, then they can just as well hire a much cheaper employee in another state or another country. When it comes down to it, it doesn't matter whether you work remotely from home in the same city or around the planet. And companies will do whatever it takes to remain profitable.
Then comes the real offshore, hiring people in Asia to do all work. Commercial real estate owners are starting to sweat.
Over leveraged REITs are going to be annihilated. Because they were leveraged to increase returns with very little cash on hand, but when the market went south.
Let the bankruptcy festival begin! They are going to get annihilated.
These are really times to reinvent everything. Turn commercial real estate into residential and lower rent in the city, so middle-income people can move there without having to have ten roommates.
The problem its like dominos.If some companies move remotely. The rest pretty much have to in order to stay competitive. By the way, there is no real culture in big cities. Why would you rent a studio in Manhatten when you can get a house in the surrounding areas? When people move, so will culture. People create cultures, not cities.
I don’t think people are going to want to come back to office life in the city after they’ve had a taste of the freedom and flexibility of working from home or even just being in a less developed area. This will lead to increased profits for companies!
The trend will be better remote and online digital collaboration tools. Physical commercial real estate will have to find other uses and change audiences in large.
I hope we start to see more people working from home on a permanent basis. It's better for the traffic to keep gas prices and auto insurances low, just to name a few.
For the health of the planet and people’s mental health, people should work from home.
Commercial real estate is going to go bust. We are in an obscene bubble. Markets near back to where it was before the pandemic, is all based on hope. Much physical retail won't survive, layoffs trickling up to the white-collar, and just wait until the stimulus money ends.
The reality is office demand is half what it was 20 years ago because of technology, retail was already suffering because everybody is shopping on Amazon.
The cost of Industrial real estate construction has doubled in the past ten years, supposedly due to steel costs so that a plain steel industrial building now costs $80 per square feet before land.
Because of poor tax policy that does not depreciate buildings fast enough, many plants operate in obsolete buildings. Recreational properties are also being screwed, mainly due to taxation by revenue starved localities.
It’s about the economic mathematical facts! Everyone is a dispensable peasant earning flat humiliating wages. The real estate commercial sector is obscenely an extortionist entity. They are egregiously exaggeratedly overpriced. When has the landlord ever given a credit break? Never hope they go broke!
Vacancy is now prevalent in all major cities and suburbs.
Just look at all the Manhattan empty, vacant buildings.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
The impact of store closings all across America will be huge and will take a huge toll on communities. Much of this is linked to small businesses having its clock cleaned when forced to shut down because of Covid-19. However, a lot is related to paying higher wages, compiling with new government regulations, online shopping, and being forced to compete with big businesses backed by cheap Wall Street money.
Retail and hospitality are the big areas where a lot of investors will
see a lot of pain. This has severely impacted commercial real estate, with significant numbers of properties that have been
closed. Plenty of businesses have been forced to close their doors due to the current climate conditions, and many won't be able to open up their establishments once this over. The thing is, many of these companies were already on the edge prior to this situation, and this just put them over the edge.
Commercial Real Estate delinquencies are already surging. There was a huge jump in the delinquency rate for May 2020. This will also
eventually affect the residential real estate market and also real estate investment trusts.
When small and medium business is having a hard time paying their rent. It becomes very difficult for landlords when their tenants are not allowed to make any money due to a shutdown.
The delinquencies in Commercial Mortgage-Backed Securities (CMBS) surged to 7.15% in May. This is the highest delinquency rate since 2009. CMBS are bonds that hold mortgages of commercial real estate, usually in different sectors. The worst performing commercial real estate sector is retail and hospitality. The problems in commercial real estate, will eventually spread to residential real estate and make the housing market crash.
The housing market today and in the future is affected greatly by unemployment and business bankruptcies. Right now, it seems the stock market is ignoring the huge problems in the economy.
The Commercial Real Estate Delinquencies Surge Will affect All Real Estate And REIT Stocks. The number of retail space per capita exploded between 2018 and 2020 in America because of the low rates. So, now, the rate will pick up soon enough, no buyers, tons of sellers. Bankruptcy for those who can’t pay the debt by selling assets because demand is low. America all hell is about to break loose.
The US retail space per capita is huge compared to the whole rest of the world.
The retail space per person in the US is 23.5 square feet. The next biggest one is Canada, which is sixteen point eight, and then.
Australia, which is eleven point two and then Japan and other European countries.
We are about fifty percent bigger than the next biggest one in Canada and more than double the second biggest one in Australia, and then we're like four or five times most of Europe and everyplace else.
There has been too much construction in US real estate.
There was a tsunami of oversupply.
This means we have a lot of extra retail space, and if they're not paying their mortgages now, there could be a lot of empty retail stores and space.
Especially with the headwinds of online retail sales advancing every year.
This could be kind of a perfect storm for retail, commercial mortgages and commercial buildings and any kind of retail
locations.
The number one victim is going to be retail. Retail was already
feeling the effect of e-commerce.
We already had a very significant oversupply in retail, so retail is probably going to take the biggest hit.
The second biggest hit is going to be hospitality, again we built a lot of hotels for the last five years.
We were already beginning to see oversupply affecting occupancy unquestionably, but this is going to dramatically make things much worse.
We won't see a lot of retailers reopen. I don't think we'll see a lot of hotels reopen either.
Now factor in the damage of the shutdowns and the historic high unemployment and the protests.
This is a perfect storm for the commercial real estate market.
I see another 2000 bubble brewing.
One thing I’ve learned about finance is that it takes personal experiences for people to understand any economic impact on them. For example, people in small towns may not feel the impact of economic shutdown like people in cities, so they think everything is fine. But the loss of overall GDP will affect everyone when massive deflation hits their home prices. The devastation will hit everyone; it’s just a matter of time. Economies are not isolated but interwoven internationally. All economies will crash in 2021. ALL.
The Fed is simply bailing out their buddies on Wall Street as an exit strategy so they can bunker down while working Americans have to bootstraps the economy back up in a decade, so the leeches can pilfer society once again.
The FED is printing a shitload of fiat. And interest rates are a mere fraction of what they were in the late 70s and early 80s. It is very telling. End the FED.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-8576495347021803912020-06-06T10:38:00.002-07:002020-06-06T10:38:17.450-07:00👉Is the New Jobs Report Really this Positive !<i><br /></i>
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<i><br /></i>👉Is the New Jobs Report Really this Positive !<i><b><br /></b></i>
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<i><b><br /></b></i>A V-shaped recovery is a pipe dream.
Most of the service sector is toast.
Small business has been hit very badly by the closures and the riots; many have been burned to the ground and won't be fully re-opened any time soon.
Small businesses make up 99.7 percent of U.S. employer firms, 64 percent of net new private-sector jobs, 49.2 percent of private-sector employment, and 42.9 percent of private-sector payroll.
This is what we know so far: The U.S. jobless rate fell to 13.3 percent, from 14.7 percent a month earlier, and employers added 2.5 million jobs in May. But the economy had lost 22.1 million jobs combined in March and April. Payrolls are nearly 20 million below their pre-COVID-19 level.
The worst unemployment rate in 80 years. We still have a long way to climb out of the hole.
The report NEVER mentioned what kind of jobs these are. All service industries.Fast food restaurants, people who do your nails?
I'm not slamming that workforce, but are those 2.5 million jobs paying the kind of money to sustain a family?
Manufacturing, Industry, etc.
I read that a large percentage of it was bars and food services.
Makes sense, you can't open those places without staff, even without customers. Plus, since they survive on tips, sure, they are "employed," but making minimum wage tops given the occupancy is probably 25% of pre-COVID. If you're in that industry, you are going to be dramatically better off unemployed for the next year, or find a new job.
Temporary layoffs were not counted in the unemployment numbers. So when they get called back to work, they are counted as jobs gains.
These aren’t new jobs. Furloughed employees are returning to work.
Nine million unemployed workers were deliberately left off the unemployment rolls due to a new colorful classification. There are more unemployed workers now than there was a month ago. And if we could get the unemployment numbers as reported by each state, I bet they would be a lot different. so we moved people off the unemployment rolls and onto PPP so their bosses can hand out the government cheese, and this counts as "employed."
Wait until the rest of the PPP loans are exhausted, and more employees are let go. We have 160+ million workings, and 40+ million are currently unemployed.
That makes a more or less 25% unemployment rate. The real unemployment numbers are 35 percent, according to ShadowStats.
And all this despite The bailouts, The Stimulus, massive deficits, the payroll tax holiday, near-zero interest rates, and the FED's MULTI TRILLION QE program.
Atlanta FED's last GDP prediction for Q2 is now -52%. Look at these numbers. We've never seen anything like them. The national debt is going to hit $26 trillion soon. Up around 6 trillion under Trump.Debt to GDP ratio of 122%. He ain't lying when he says he's the King of Debt!
And the Federal Budget Deficit is at $3.8 TRILLION,
Spin that.
Bread lines in most inner cities and some rural areas.
Hate & Divisiveness Index soaring.
What else is left? Well, not much.
The USA is in a "V for Vendetta" type recovery.
The magnitude of the Q2 numbers are really difficult to comprehend. With so much deficit piling up to sustain the economy, I wonder how long this can continue.
In most simplistic terms, it appears the US economy is like the Seinfeld show - much activity to produce subsidized goods and services that nobody actually wants or demands. I think a leading indicator of a Seinfeld economy might be new car sales.
"it's really the most wonderful recovery I've ever seen!" said Trump.
How desperate is Trump!
He's dancing for joy at 13.3% unemployment! He lost 22 million jobs in two months. Then he gains 2.5 million back and pretends he accomplished something.
Honestly, the guy is losing me. If we had ANY reasonable alternative, I would choose it. How about an "incredible" 10 trillion dollar stimulus package this time to suit the greatest economy there ever was? Anything less would be unworthy of such a magnificent economy. That should be a "tremendous" economy.
TRUMP praised the V-SHAPED RECOVERY But WILL ASK CONGRESS TO PASS MORE STIMULUS.
He said he’ll ask Congress to pass more stimulus money, including a payroll tax cut. He wants more stimulus because the last heroine hit is quickly wearing off.
Unironically, just before he announced the need for even more stimulus, the president was praising the V-shaped recovery in both the economy and the stock market.
Employment up 2.5 Million, and he wants more stimulus? Can't have it both ways, Trump. What numbers are we supposed to believe!
Asking for more stimulus just poured cold water on his “everything is great again” speech yesterday.
We have a V-shaped recovery, but the economy needs more stimulus. Translation: Get ready to bend over again, working stiffs, because we're going to steal your wealth to enrich the bankers and big corporations again.
But nobody told that pompous that V stands for Vacuous.
Trump was off the hook yesterday morning with the pump and dump. The United States government under Donald Trump pulled a number out of thin air and pumped up the stock market with it.
“Tremendous progress is being made on vaccines,” Trump said during a Friday morning press conference from the White House. “In fact, we’re ready to go in terms of transportation and logistics. We have over 2 million ready to go if it checks out for safety.”
Two million vaccines that may not work, ready to go! Tremendous progress. Wee!!! The news broke as the market started to fall. He got a momentary pop out of it.
Pumping up fake markets and ignoring deficit and debt. Only a fool believes what any politician or bureaucrat spits out.
Trump's promise to cut the deficit in half has changed to a promise to double, triple, or quadruple the incredibly large deficit. He has flip-flopped on so many issues. As always, the politician reneges on absolutely everything.
Makes sense! V-shaped recovery, but we still need stimulus. Print your way to prosperity.
And don't forget yield curve control and negative rates. All necessary. He is buying the mirage of a healthy economy that we will have to pay for.
This is crazy. To hear this speech by Trump, is simply to understand the disconnect of the population from reality, for the POTUS speaks to this group. Whoever wrote Trump's speech should be sacked. If not, Trump is on meds.
And he still wants negative rates. Part of any president's job is to be a cheerleader for the economy.
Why would more stimulus be needed when the economy is obviously in recovery from the shortest recession ever recorded in history, according to the stock market fueled by incredible employment numbers. This is not a V-shaped recovery, but a swirling whirlpool of doom.
Ask Congress for more stimulus? Praise for the V-shaped recovery?
WHAT'S WRONG WITH THIS PICTURE?
It's like putting out a fire with gasoline. It's wet, so at some point, it has to work. More likely, a V-shaped dead cat bounce in a buying votes season.
If Trump believes those BS numbers from the BLS today, with all the screaming empirical data that exists, he is a lot dumber than I thought. Then again, he's a politician, and those fake numbers suit him just fine. He is also a member of the elite wealth club and lives in the back pocket of the bankers.
Let's hope he doesn't run to his bunker scared when the 50 Million unemployed start rioting.
No economy in the world can be sustained on fake numbers.
As always, debt/printed money/phony non-market low-interest rates must be taken into account as to whatever rebound occurs.
I'm watching closely for a better price to obtain more Precious Metals.
Why do we need more stimulus in a V-shaped recovery? If we have a real recovery, no stimulus will be necessary.
Funnel MORE MONEY to the CORRUPT Politicians, Wall Street, the Banks, and CORPORATE WELFARE SOCIALISTS.
Complete takeover and elimination of the middle class and small business. This has been going on since 2008-09. The Fed bailed out the banks with 900 BILLION starting Sept 2019 until COVID in April. And the "initial" bailout was only 700 Billion, or the entire world was going to end back in 2008.
Forget the unemployment rate. It is basically useless with all the carve-outs.
Using the labor participation rate, in addition to other metrics, gives a more accurate analysis.
Before the pandemic hit, there were over 11 million unemployed or part-time looking for full time.
This was NEVER the best economy as Trump was trying to bs people into believing.
In fact, there was more hiring during Obama's last years in office than in Trump's time in office.
There are known 40 million newly unemployed by the unemployment applications. Add 11+ million to that, and there are over 50 million unemployed. This is the number Jerome Powell looks at when he tells Congress to do something, and don't worry about the debt. We need a jobs program and more at this point. An indication of the anger in America is reflected in the streets, and it has little to do with racism. It is pent up anger coming out in the form of what the politicians want, a divided nation. When groups are pitted against each other, they are not united and attacking the true culprit. The greed and corruption that is making money off of the low wages and unemployment.
And I am not saying Obama was any better.
We are living in a fed-enabled world. It has our backs; everything too big to fail has won the lottery; the rest can just vanish silently.
The End result will be the value of the US Dollar. Socialism is unsustainable. In the end, no one owns anything, and we all live in government-subsidized housing, rely on government handouts for food, and the healthcare system is overrun because the experts refuse to work for chump change.
Let's give Wall Street another $1 trillion. They are good people, said Trump. This could be where Trump finally goes off the rails. Elected as a populist but now just plays financial shell games.
Where's that corruption cleanup everyone was promised a few years ago?!
Trump solved the economy, racism, North Korea, windmill cancer, and built a wall around the white house and cured the virus.
Too many people didn't take him seriously when he said he would run the country the way he ran his many failed businesses.
The only president in the history of the US that printed and still printing trillions of dollars, lots of them. By the time he is out of office in a few months, he would have printed $20 Trillion.
A New York Billionaire Con Artist sold a "Populist" movement. When Mnuchin and Kushner showed up running the country, everybody should have seen that is never about the "People."
And he just threatened to unleash the military on Americans. It is going to be sad Independence Day this year.
You would have to be stupid to think that things are heading in the right direction. Things are spiraling down the drain faster than you can blink!
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
It's disturbing to read about all the talking heads, including committees in Congress, either pretending to be clueless or truly are about the Federal Reserve. It is a private entity with a profit motive and goal directly opposed to that which it pays lip service to. The more loans it provides, the more powerful it becomes. Right now, the biggest task for them seems to be the effort to hide the exponential inflation that is occurring.
Prudent stewardship of the money supply and monetary policy was abandoned a long time ago if it ever was something the Fed actually cared about. People are not stupid, so with time, they will figure out that actions speak louder than words, and when abuse and deception become institutionalized, they follow suit. The moral decay that is soon about to have run its course started with large financial institutions playing the markets through manipulation. Later this became too easy, so nations were played, and now it's global.
The Fed, together with other central banks, are at the top of a defacto criminal racket to siphon off real value and centralize control for the political class that works as their accomplices. The illusory power that they have stolen is further used to wage war and create suffering on a gigantic scale. The mere fact that these entities exist is a testament to how utterly confused and misinformed people are on purpose.
At what point was the concept abandoned an economy is a productivity, a good investment value? Funny money and sky-high PE ratios do not an economy make. Nor do I know how one can say an economy is strong; we have to throw funny money at or lower rates to near zero. Seems to me this is merely an admission of the opposite, that one has an economic emergency on their hands, a sick patient.
In a strong economy, you have to raise rates and thereby back off on artificially allowing inflation of the money supply. This funny money is like saying people never had it better, out of one side of your mouth, and out of the other side saying we need emergency funding, to stem starvation. 2 + 2 never equals 5.
You know, I don't think anybody, at large, dares to be honest anymore. Nobody will call a pile of dung anything but fertilizer.
It all goes back to Grover Norquist and the K Street Project.
I don't see any real difference between conservatives and liberals when it comes to the buffet of pork. They merely champion their pet projects, and all ultimately subscribe to a bottom line of something for nothing, pile up more and more debt, what me worry? The U.S is a one-party system when it comes to looting the Treasury, the national wealth. At some point, politicians need to be featured on American Greed.
The law has been clear since the 1930s, and the politicians have simply deceived the population. Your payroll taxes were spent the day they were collected as they still are by contributors to this day. An additional 26 Trillion was borrowed and spent as well.
People do not know this, but when a person gets their Social Security check, it comes straight from the US Treasury general funds account from taxes and borrowings gathered today. These numbers are rolling so fast, and 2020 is so unique. Estimates have to be very loose, but around two-thirds of every Social Security deposit is borrowed right now.
In terms of accounting, the US Government and all governments operate like money laundering operations that only appear to be legal.
Payroll taxes are just taxes, like all other revenues collected by governments. Taxes are too high on the employed and employers, and this particular scam being payroll taxes was political deception 85 years ago and long past absurd in 2020.
Cut taxes and rewrite tax laws at all levels, especially eliminating ALL state and local taxes and the legal right to levy them. How much of your total income remains to you after all your taxes from all directions are considered at the end of the pay period? How much did you have to borrow?
Well, sheeple, doesn't this story perfectly show what the BLS report was as fraudulent as the US economy itself?!! Just another TRICKLE-UP excuse to give the rich more and none for the poor. What small businesses? They're gone!!
The fake market will implode soon.
Get out now before you lose everything.
I warned you.
It's a casino, and the Fed has the place rigged.
End the Fed, abolish the IRS, reduce government by 90%, implement a 15% flat tax on nonessential goods, back currency with hard assets, return to a constitutional republic.
These are the true looters of this country—the real criminals.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-63084169245472100822020-06-05T12:52:00.002-07:002020-06-05T12:52:37.451-07:00👉Wall Street looting Main Street !!<i><br /></i><i><br /></i>
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<i><b><br /></b></i>We have never lived in a period where the future was so uncertain. The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
Forty million unemployed, a suicide epidemic, more than a hundred thousand small businesses shut down permanently, with millions of others at risk.
Some 40 million+ people lost their jobs in the USA alone, we are in the middle of the global pandemic from the coronavirus that looks like it is picking up, cities are burning, and estimate for the 2020 GDP is fall between 50 and 60%.
And this is only part of the cost of the coronavirus lockdown to America.
Across the country, protests continue many peaceful but others turning violent, taking their toll on small businesses.
Looting and vandalism dealing a blow to those already crippled by the coronavirus lockdowns.
And the stock market appears to be anticipating a strong recovery as it keeps shooting up with some indexes approaching their old record highs.
The stock market is soaring to new all-time highs. Up 34% in three months and still in. Yet another bubble. It wasn't enough that the banksters earned trillions by shorting near the top of the COVID19 collapse. So now they had the central banksters jerk the markets back up to the bubble levels before the collapse, so they can do that all over again.
Geez. You have to wonder how many times they can fleece "regular folks" before the "regular folks" either learn their lesson ... or have no way to borrow more funds to invest in yet another bubble.
It is beginning to look and "feel" a lot like 1929.
30K is where the music likely stops, and the band departs the stage.
The Fed is pumping a corpse. Soon even they won't be able to deny it. The patient is dead. The addicts just don't know when to quit.
As long as the FED is allowed to print to infinity, they can buy up anything they want, and they will do so for one simple reason, pensions. Since they forced pensions into the risky stock market with zero interest rate policy, they now feel obliged to defend that because when those pensions evaporate, there will be a lot more than simple uprisings out of the discontent of police misconduct.
Anyone with a decorum of common sense knows that this sham will end badly. However, I don't fault anyone for playing their stupid game by buying worthless stocks. Unfortunately, it is the only game that is paying fraudulently derived yields right now.
The stock market knows the Fed has its back. The MMT central banks won't let things fail on their watch, especially in an election year.
The stock market is the Fed. There are no more markets.
The Fed has the back of the Money Power Monopolists who control it.
The sole purpose of the stock market is to remove fiat money from society.
And it is very easy to do if one actually knows how the stock markets work. And it has been done over and over and over.
And, if you know how debt-based money systems work, you will know what happens when the debt continues to increase as access to dollars continues to plummet.
It doesn't matter. The market doesn't care. Two asteroids could hit the earth simultaneously at opposite poles of the earth, destroying 90% of the planet, and the market would go up 3%, and the commentators on CNBC that survive would say something like "markets up on asteroid mineral mining optimism." RIP markets. RIP capitalism. RIP United States Republic. It was a good run.
Time to burn it all down and start the 2nd republic.
At this point, it looks like everything can be nuked apart from Wall Street, and four computers at FED and stonks would be pushing all-time high.
The vast majority of people in the US do not own stocks. The Markets disconnect from reality is epic. I am anticipating very bad news at the end of the second quarter, then a long hot summer with millions who have nothing to do, taking to the streets all summer long. I have been through economic downturns about every ten years since 1970 when Boeing laid off two-thirds of its workforce in Seattle, and the billboard went up saying, "will the last one leaving Seattle, please turn out the lights." Nothing in the past feels like this, not the Vietnam War, Y2K, DotCom bust, real estate crash, etc. Now, millions of people cannot make a living due to coronavirus lockdown, bureaucrats who have no knowledge of business set arbitrary rules of business operation, expecting a restaurant to survive at half or less capacity, etc. as an example. Shutting down marinas and parks given what we know about the virus seems ludicrous. In my mind, the riots are not about the unlawful death of Mr. Floyd, but the result of oppression people unconsciously feel over the shut down of their businesses, livelihoods, and way of life with no end in sight. His death just became an excuse for rebellion. The Fed propping up the market can only last so long before the giant bubble bursts; when? I don't know.
But it will when reality finally rears its ugly head, and there is nothing the Fed can do to hide it.
The "markets" are not markets as there is no true price discovery because of the complete manipulation.
The Fed is not a person that is even capable of telling the truth or being your friend, or having a conscience.
The Fed is a collection of evil people who are not making mistakes, or bumbling or making errors.
These people know exactly what they are doing, which is orchestrating the theft of all assets, by illegally (unconstitutionally) printing notes (not money) to buy every asset they possibly can, At the same time, of course, a lot of those dollars are being used to buy the junk debt of their "friends."
The reality is there are two societies, Wall Street and Main Street. There are two economies, two currencies, two sets of laws and justice, etc...
The current stock market clearly shows the disconnect. Time to find other asset classes because Wall Street is eventually going to destroy both currencies and society in general.
Fundamentals no longer matter in this market, so calling it overvalued is meaningless and irrelevant.
This market is operating under the Greater Fool paradigm, and the FED has created trillions to give to these fools, ensuring that its only direction is up until the system crashes.
Here is why I believe the stock market rally will continue to exceed expectations.
1.) Because everybody and his chart is bearish.
2.) Everyone thinks the short trade is so obvious and easy.
3.) HFTs and Prog EFTs will crank the bid and wash short stops on the above again and again and again and again.
4.) Because the largest companies now have a total monopoly with no small business competition.
5.) Because the public asswipes run to get their MCDs and Ikea crap as fast as they can, showing they have loyalty and comfort.
6.) Because stocks are the only game in town, up up up up up - just like Zimbabwe and Venezuela markets.
7.) Because as we have seen since 2008, the inflation goes into the equity markets - the rest be damned.
8.) Because there is no market, it's completely rigged - just slap a zero on the end of the Dow and SP500 and make everyone happy and be done with the farce.
Here's another more couple of reasons why the Market could stay or go higher. First, its a hedge against a coming hyperinflationary event and collapse of the dollar. Second, millions of more layoffs could improve or at least stabilize corporate earnings as revenues decline. The bear case is 25% unemployment and violence in the Streets. Oh, wait a minute!! We have that now.
The Fed will buy everything in sight and copy the playbook of the Bank of Japan. It'll work until someone turns on the light switch.
It sounds very much how Joe Kennedy knew to sell just before the 1929 crash - his shoeshine boy was talking about his stock holdings.
It looks like we have a shoeshine boy rally.
The correct time to short the market and go long, the commodity index will be when "regular folks" have zero funds remaining, and the central banksters and their buddies own everything.
In other words, it is rigged folks, and not rigged in your favor!
When the market does turn, all that wealth will be lost in a heartbeat. The young and stupid will be burnt, badly. It'll take a generation to recover.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
Just because we have muddled along putting band-aids on our economy does not mean that we have accomplished a great deal. The Trump economy has been a continuation of deficit spending. We have postponed the day of reckoning but most likely made it far worse.
We’re in the biggest mess we’ve been in since the 1930s.
True price discover totally gone! We have seen a growing amount of central bank and government intervention in markets over the years, bolstering the argument that true price discovery has been distorted. Today these forces, including stock buybacks and what has become known as the "Plunge Protection Team," appear to jump in at any sign of a pullback. This destroys true price discovery and the proper pricing of assets, which are the bedrock of free markets.
In simple terms, the whole world is on a path that avoids real reform and bails out the very people that caused many of our problems. The good or bad news depending on how you look at it, is this "great manipulation" will not work indefinitely. Eventually, it will come crashing down around those in charge.
The fed is a huge risk to humanity. Going short on stocks? - That's financial suicide.
Every sane person on earth knows by now that the FED has an iron grip on the direction of this market - UP.
Jerome will buy the entire market.
Never fight the Fed.
The problem with the Dictum 'Never fight the Fed,' is that it is right...until suddenly it isn't. If you fight it too early, you lose opportunities... But if you don't fight too early, and instead fight too late, then you lose EVERYTHING.
The big set up is happening. I believe the market will suffer a catastrophic crash a couple of months before the election wiping out middle-class retail investors. Trump will be blamed in another move orchestrated by the Deep State.
In other words - for a few months more, this market is going nowhere but UP. That's where making money is going to be for a while still.
I remember the dot com bubble well. However, this market would make those daytraders even blush.
Hertz, a bankrupt company, with massive debt, whose main stockholder bailed rose 100% on NO news today.
Even tulip bulbs could be used to grow tulips. This market is the last man out Ponzi scheme.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-39201348483072321582020-06-01T11:44:00.002-07:002020-06-01T11:44:58.491-07:00👉As America Burns , The Stock Market Soars !!<i><br /></i><i><br /></i>
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<i><br /></i>👉As America Burns , The Stock Market Soars !!<i><b><br /></b></i>
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<i><b><br /></b></i>Stocks are up, Yet fundamentals are worse than the Great Depression. And the Circus continues.
The Fed bought the open with both hands and feet. It is all Rigged!
These markets are a frontrunning operation run by AI algorithms.
Rome is burning; That’s good for 100 points on the S&P.
This is the sickest day I have seen in this Ponzi fraud ever. Every major city in America is being set on fire and looted. Forty million unemployed. And they just keep pumping this Ponzi scheme in everyone's face.
Further proof of how disconnected the stock "market" is from reality.
As Americans get out of bed this morning, they are not going to give one damn about the market. They're going to find out that their nation has literally burned to the ground.
The financial sector (Wall Street) is COMPLETELY disconnected from the REAL economy: People riot in the streets, millions of middle-class people in the US lost their job and income, but the stock market skyrockets. 2020 is 1984 on steroids.
The true “looters” are in the Federal Reserve, Wall Street, and the Military-Industrial Complex. Their minions are the ones dressed in black and breaking windows, throwing firebombs, and inciting protesters to riot. They tried that at our protest yesterday, and nobody took the bait. There were “end the Fed” signs mixed in with “Justice for George Floyd” signs. People know who the real thugs are, and they wear suits and uniforms!
Now you understand that the short downturn on Wallstreet was simply all part of the plan, and the rich get richer.
Markets no longer trade on fundamentals. It's just an algo fueled shitshow.
It's all a rigged scam so that the "1%" can continue to rake in more loot (taxpayers' money and fabricated currency). Markets ceased reflecting the health of the economy and reality in general decades ago - it's just too obvious to deny now.
Riots, Burning, Protester out pillaging, White house lockdown, no goods available for the stocktake sales, Waits of over 40 days for anything needed urgently. Stupid is as stupid does. And The Stocks always go up, and up.
Nothing matters anymore in a banana communist republic.
Our wealth will continue to be inflated away, our jobs and manufacturing destroyed, our cities burning, church gatherings outlawed, as we take our place amongst the global peasantry of the New World Order.
The Fed is buying spree is tapering.
The fed is now buying corporate bonds and equities.
Every Monday, the Fed needs a good kick at the can get things going, even better during a pandemic and brooding civil war.
Spoof the futures and pump and dump into Robin hood retail all day long. Don't stop it till it stops.
The only thing that will stop stocks from going up is if the Federal Reserve was ever fully audited. But it's never going to happen. They all know the books are cooked. They also know an audit will absolutely crush the dollar instantly, and they will lose everything to mass violence.
Welcome to 2020 - everything is bull (ish).
I can only imagine when unemployment hits 30%, and the U.S. military takes over major cities and installs FEMA camps.
The Dow would hit 40k.
As long as central banks print funny money notes and keep stonks on the level decided by the central committee, you can have them at 60k, for a while.
Soon the defaults on all the business loans, and that should be good for another 10000 pop on Dow.
How can markets set themselves up for new record highs, when hundreds of millions around the globe have been sacked or furloughed and are likely to become long-term unemployment statistics.
Who controls the markets? Who stands to gain the most from this nonsense? The small guy or the banking cabal? There is your answer. The small guy will get crushed, and the one Percent protected by this group will gain.
The degree to which soaring markets are diverging from the real economic virus damage, and now the rising rage, has become embarrassingly obscene.
The players in the market know that the worse things get, the faster we arrive at negative rates.
As Wallstreet laughs at it all and reminds the plebs;
The Fed is your Daddy!
They needed a pandemic with lockdowns, closures, along with massive unemployment and riots. Money changers, along with Fauci, are wringing their hands and smirking with glee in their eyes.
All done by Design, all done by Agenda.
It is all a show, everything is fine. The underlining strength in the economy is their" ALL HAIL THE ALL AND MIGHTY FED'.
And, I thought the worst looting was being done by dims, Antifa, and the 99/100ths rioters. SEIZE, AUDIT, AND END THE REAL THIEVES: THE FED!
End the Fed. Drain the swamp. Enforce the constitution. And remove all dual citizens from the government. Sound money forces the government to live within its means. Eliminate all fiat currencies, for starters. That should be easy.
America had the example of Japan right in front of it.
But the magic show had to be saved at all costs. For those who think QE will keep asset prices going up indefinitely, look at how QE has tapered. Bubbles are like balloons. They need constant hot air to stay inflated.
"QE has become an inescapable trap."
QE was an inescapable trap from the beginning. If circumstances are such that to not do QE is just too painful, yet QE will never allow that pain to lessen, you are in the trap. The only way out is through the pain. The worst part is, the pain is going to happen regardless, it will just be worse if it comes involuntarily. Here comes the pain.
Greed, hubris, and ignorance have brought the empire to where it is today.
The free lunch is over, and the rest of the world sees through the lies.
The whole world is laughing at us going along with the globalism scam and our leaders selling gazillion and trillion dollars worth science, wealth, and jobs to China To enrich themselves and us becoming slaves to China. Treason like this never happened in history.
And as the anarchists go head to head with the law and order crowd,
The 1% kicks back and enjoys the show.
Thus was it ever.
Thus shall it always be.
Get out of the market now. This is a big fraud by the banksters! The Market Has Reached Its "Maximum Stupid" Price Limit. Room for more suckers and bagholders at the top!
The markets are all rigged, no need to report on them. Smart people walked away, crazy people try to guess the next move, and insiders know the next move. The wonder is, how bad does it get before the kingpins decide this is not good.
The Gambling addicts, playing in the Wall Street Casino, will get wiped out. A Casino owned by the bank cartel. The house always wins.
I believe there will be a four to six-month window where the markets will implode and reset to levels for a new beginning. Unfortunately, most people will be wiped out AGAIN, as they just can't resist.
The market will go down, and it will remain down for quite a while, and the average investor will eventually sell at the bottom like they always do, and that is how wealth is transferred to those who DON'T need it to live off. The bankruptcies are going to be far and wide, and everyone is right now riding the FAANG's rather than looking at the reality of the rest of the market.
With the peak stupidity government with lockdown, peak high stock market with a long queue of bankruptcies, semi-peak chaos on the streets, I am racing against time to accumulate all kind of tangible assets (not only gold), food (rolling 3-6 months) and cash buffer enough for 2-3 years.
Thankfully, I am not in a city.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
The central banks are buying up to prop up their big corp & hedge funds friends.
The "Empire of the City" is taking down the current currency system that is obvious. The probable plan is to back all current currencies with some new central fiat debt-based currency at a fixed exchange rate, i.e., like Bretton Woods architecture but all locked into their new Bancor. They don't want to scare the masses with sudden change, but then they have you by the balls as they control the price and volume of the underlying. Simple.
And the end game/end times are approaching.
Remember, at one time, $60 billion a month in Fed debt monetization was considered massive. I think they do that and more in a day now, although they are tapering to maybe $5 billion a day right now. I don't keep up on this level on minutia.
While keeping the retirement accounts solvent is a noble idea, that goal is looking to be an impossible one after the next Wall Street liquidity withdrawal, aka the next and probably final financial markets crash. This one looks like the big one before the last one.
Idiocy like ZIRP and NIRP combined with entire financial markets that require ZIRP in order to see their deals not fail, foreshadows a few problems ahead that more ZIRP won't fix. Neither will NIRP.
The streets will look worse than they do now when this happens. Floyd was the trigger. The Communist Media, the fake Wuhan Flu Crisis, the forced house arrests, the Impeachment, and the Meuller Investigation / Frameup, and @Jack, The CEO of Twitter telling us he and his buddies are and always will be the boss of all of us; is the real reason for the riots.
Add in failed MMT, and the end is nigh.
MMT is poison.
QE (Central Banking itself, actually) decoupled the financial system from a productive activity because it systematically rewards cronies at the expense of producers.
MMT suffers from the same sin to a greater degree. You cannot cure poisoning by imbibing more poison.
Revalue Precious Metals and other real assets to a price sufficient to back currencies. Let the debt junkies default.
Do this, and the modern world will continue.
Fail to do it, and you will get 1984 followed rapidly by Mad Max world.
With markets this overextended, your window of time to take action will likely be quite brief. An end to the current rally could happen extremely quickly and brutally.
Obviously, if you don't have some gold or at least gold stocks in your portfolio, now is the time to buy, make it 5% of your assets as a defensive play to the trillions of fiat that has been printed - which you know for sure, will hurt the buying power of the US dollar.
Anyone who buys anything (except lead, silver, or gold) now deserves all he will get. Bankruptcy.
The Protesters are sick of the FED, creating inequality. Now the FED is actively preventing the recovery. In a fair world without the Fed, those who had savings should have been able to buy stocks on the cheap and be rewarded. Instead, those who had the most debt will be bailed, and those who had savings are going to pay for it with higher prices.
Another worthless American export to the world - central banking and QE.
I don't see a peaceful way out of any of this. My only hope is that the anger is directed at the true perpetrators of corruption, graft, and theft.
This isn't a left/right thing. It's a top/bottom thing.
I hope all of you stay safe and have a plan.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-28280493969020567632020-05-28T10:49:00.002-07:002020-05-28T10:49:18.583-07:00👉Over 40 Million Jobless , Debt to GDP Ratio 122% , The Economy is Crashing !!<i><br /></i>
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<i><br /></i><i><b><br /></b></i>👉Over 40 Million Jobless , Debt to GDP Ratio 122% , The Economy is Crashing !!
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<i><b><br /></b></i>Over 40 Million Jobless in two and a half months.
2.123 million more Americans filed for unemployment during the last week alone, bringing the total unemployed in America to over 40.8 million.
About a quarter of the U.S. workforce has applied for jobless benefits during this pandemic.
That's almost twice as many Americans have filed for unemployment than jobs gained during the last decade since the end of the Great Recession.
And the real numbers are probably way worse.
The U.S. debt to GDP just popped to 122% today.
That's what happens when you close down commerce. That is what happened when you allow the government and governors to shutdown your businesses and places of work.
We are being MMTed. More incentives will be introduced to not have a job. Essential slaves will get a bonus to stay on their job.
Most of these unemployed people get paid more sitting at home drinking and smoking dope than to be productive.
Reward the fat, sickly, obese, useless, lazy, and fearful for their "contribution" to public health by being shut-ins, and bad things happen. Whatever you are promised, it will be at your expense. It always is.
The whole system was due for collapse.
Systemic collapse is underway. Opening a shutdown economy is a bad joke.
No business can reasonably function at a fraction of capacity, especially restaurants. For those that managed to reopen and hire workers to get by, what do you think is going to happen when the bennies run out in July, and there are no jobs (good or bad) for 40 million people?
We're a dead country walking. They've printed trillions and have only managed to keep things quiet for another month!
Evictions are about to hit the ground running. Once the current renters are put on the street, the landlords are going to discover there is no one else to rent to. It is going to be an interesting summer.
There is a huge difference between being "open" and being "back to normal." Nothing is back to normal.
People aren't doing things. Everyone is uncertain about their job or the economy or the next health "crisis"... so nobody is spending money. Nobody is planning trips for the summer. The economic fallout is only just beginning. Until faith in the economy is restored (which may take years), the damage will continue.
Just wait until people's unemployment runs out in October or November. The good times are gonna roll.
You best enjoy the next 2-3 months, because after that it's going to get real ugly for a long time.
So you best enjoy your steaks and wine in moderation. We are going through an economic meltdown "never before seen in history.
The dominoes have not really started calling yet.
Renters, car loans, utility bills, insurance premiums, mall operators, airlines, hospitality, and Trumpeo chooses now to have a showdown with China.
And the Dow is 100 points HIGHER on this news!
All these unemployment numbers have been good news for the stock market, every time it has been a good reason to make a new short term high. I thought the economy was based on employment.
Guess it's really based on the rich squeezing every drop out before they go home with theirs.
Wall St. is a grim picture of Gamblers gone bad; unfortunately, the Globalist FED is one of the worst.
Fed dollars are, by definition, debt. It’s really really hard to fix something that was fake, to begin with.
The stock market is a tool that gives the rich Access to a poor man's capital via 4o1k's, pensions, and savings.
The Fed will be in at about 10 am to keep the market flat for the week. Tomorrow will be flat too. We can all go home for the week. Happens every Thursday.
The trillions and trillions of dollars that are being thrown out the problem and that are being created out of thin air by the
Federal Reserve which is buying up everything and flooding the economy with newly created money.
This is going to do far more damage to the economy than the coronavirus.
The damage from the panic has been far worse than the damage from the virus.
The government's cure is far worse than this disease.
The System is structured to collapse.
These politicians mainstream media just don't get it.
Lockdowns and house arrest kill, fresh air, work, walks on the beach, and being out in the open, cure.
I still don't understand why we locked the economy down. The only thing that would've helped is locking the borders down early on, which, apparently, suddenly became "racist" somehow.
Waiting a few months and then closing down barbers and restaurants was pointless.
This lock-down allowed the feral reserve to initiate a MASSIVE bank bailout without anyone even questioning, unlike the aftermath of 2009.
The bankers knew that they needed to make it publicly palatable, so threw in the 'loss of life' gig.
The Fed truly doesn't care about the domestic economy.
We were already a highly leveraged economy.
Everybody had borrowed money. Corporations had borrowed money, state and local governments had borrowed money, the federal government.
Individuals with record student loans, credit card debt, auto debt. There was a massive increase in public debts.
Estimates are the public and private debt as a share of GDP is now three hundred fifty percent as of the end of last year.
But this year it might be closer to 400 percent.
States and local governments are facing a trillion-dollar shortfall in
revenues over the next year and a half through 2021.
Nobody had saved anything for a rainy day.
Today it's not only raining, it is pouring, and we've got nothing. Mostly we could just print money.
The Federal Reserve is printing One million dollars every second.
In just one week, the fed printed $586 Billion, setting a new all-time high record for its balance sheet.
This is The End Game. This time The Fed is not going to be able to bail us out with a bigger bubble than
the one that just popped.
All the years of kicking the can down the road, we finally
caught up to the can, and there's no more road.
And this can is too big; if we kick it, we break our foot.
Everything the government is doing is going to delay
the recovery, and it's going to deepen the depression that we entered into.
What we need is the free market to function.
When the free market functions, over-leveraged businesses fail.
Businesses that no longer have adequate demand to go out of business, and they free up their resources, they free
up labor, which is a resource to do something else.
But what the government wants to do is to maintain the status quo.
They want to artificially keep businesses afloat that would sink in a
free market.
And so they redirect resources from where the market wants
them to be, to where the government wants to trap them.
Therefore all these businesses that are being bailed out
today are going to need constant bailouts in the future.
The people who are being subsidized not to work are
going to have to be subsidized indefinitely.
Because the businesses that need to employ them are not going to be created.
Because we're redirecting capital to maintaining the businesses that should be failing.
We are on fast-track to inflation.
Not only are people going to be paying a lot more money for bread but
they're going to be waiting in long lines to get it.
Things are gonna change dramatically in this country.
I think we're headed for a collapse of the dollar.
I think the dollar is going to lose its status as the reserve currency.
The American standard of living is going to implode because we've been living beyond our means.
The rest of the world has been enabling that by living beneath its means.
The scarcity of goods will become a popular paradigm.
Civility and security will become even more scarce.
People still assume that governments have the nation's interests at heart. Nothing could be further from the truth.
The writing is on the wall.
The powers that be want the rule of the few over the many.
It is commonly called tyranny. If you keep on sleeping, you will wake up in the slaughterhouse.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the full truth, and nothing but the truth.
We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force".
-Ayn Rand.
Every action the US Government takes to remedy this situation, involves somebody borrowing money.
Take a loan to continue a business that has a 99% chance of being shut down when the Globalists turn on the Second Wave act of the Corona Pandemic Show to destroy the middle class.
The serfs are tapped out; they can't afford to borrow any more money.
The Federal Reserve murdered small businesses.
This is the final act of the United States of Usury.
In the current political climate, no potential leader in an election campaign is going to tell the electorate that he/she will be reducing the national debt and, in turn, reducing benefits and social programs. You just won't get elected that way in the tussle between populism and socialism. That tells you national debt in all the western world is only going one way. Socialists don't want leaders; they want Santa Claus.
The American people have gotten checks for nothing—unemployment up the ying-yang.
Government spending that trickles down.
Government jobs based totally on debt. Near-Zero interest rates. Social security, Medicaid, Medicare, countless freebies everywhere that would take up volumes and volumes of books. We have a 25 trillion dollar deficit handing out freebies to anyone and everyone.
Trump and his supporters are now worse than Bernie bros, who at least want to raise taxes to pay for all this, and he is honest about it.
What's going to happen when the FED owns everything. Weimar and Zimbabwe and ironically Venezuela.
America had decided to join your club.
Welcome to the new gilded age.
Nothing says Free Markets and Capitalism like buying Junk bonds, government bonds, stocks, and bailing out the multi-billionaires.
Businesses have much to be uncertain about, given the ridiculous burdens hanging on them with a team of cops, bureaucrats, and lawyers ready to make their lives more difficult.
Why take out a loan to pay employees to do nothing. The government already does that.
I have also heard that they don't want to take it because they cannot layoff employees while they have it. The layoffs are coming, and I believe the small businesses are getting ready to do just that, in mass.
Employees collecting unemployment won't come back to get on the payroll, which is required for loan forgiveness. The Fed murdered businesses on the main street.
When everything is bailed out with whatever the current money is, the current money loses value, and the national money (currency), which is supposed to reward valuable companies, becomes valueless. Then, companies with value will start to trade in a more valuable currency or money (whatever that may be).
The Trillions they're pumping into the economy are going straight into the markets, which is why the Dow goes up, but our wallets keep getting thinner. It should be impossible for a stock to go up if the underlying company isn't making profits or have any income at all, but in today's world, that's what happens. We'll keep collecting and trading dollars in the U.S. until China and/or some other country out there decides to start dumping our currency, and raging inflation starts working its way through our supply chains.
I think you might see China dump their treasuries the week of election night. I also believe if that does happen, election night will be canceled. Someone prophesied that Trump would be the last American President. I'm starting to believe it's true.
It's the Fall of the Roman Empire again! History certainly rhymes.
Now we can look forward to the Technocratic Dark Ages with the Man of Perdition and implanted chips! And When everything else has failed, they will take you to war. That's all.
The sleeping American is a lumbering, mouth-breathing troglodyte hooked on Tik Tok and unemployment benefits.
I question what percentage of Americans are even fully literate to say nothing of being financially literate.
There is nothing I would welcome more than the great awakening, but our collective IQ has deteriorated to such an extent that I'm not sure we have sufficient brainpower to drive such an event. I wish I was kidding.
This was The Atlantis Report.
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-91317194770467726002020-05-27T12:14:00.002-07:002020-05-27T12:14:33.828-07:00👉Will it Be Inflation, Deflation, Stagflation, or Hyperinflation ?<i><br /></i><i><br /></i>
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<i><br /></i><i><b><br /></b></i>👉Will it Be Inflation, Deflation, Stagflation, or Hyperinflation ?
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<i><b><br /></b></i>Today, most Americans are broke and living paycheck to paycheck.
The unemployment rate is at 50%.
GDP at -40%.
And The Dow Jones at 30k. The gap between Main Street and Wall Street has never been more acute. This abysmal economic news should be enough to boost stocks.
Many financial assets are soaring, whilst the average consumer is struggling with debt
that has been brought into sharp focus by a loss of income.
Consumers are retrenching, and small businesses are facing bankruptcy, whilst central banks continue to support asset prices.
The outlook for U.S. bankruptcies looks shocking. Even when our economy was "booming," no one in power suggested paying off one dime of debt.
It got to a point where a trillion deficit a year (at least what we know of) was the new norm. Now it will be 2.5 to 5 trillion a year deficits. Anybody in their 20s will probably see a quadrillion in total deficit at this pace.
Trump has laid out over 10 Trillion that we know about and will give us another 5 trillion more.
The Democrats gave him the 2 trillion for another 3 trillion. US Debt well over 30 Trillion to start 2021. Might be closer to 35 Trillion.
But as we all know, DEBT does not matter in modern-day economics. Shame on all of us that thought fundamentals meant anything.
Today, 45 percent of Americans have close to zero cash in their savings account.
And that's according to a survey by GoBanking Rates in December 2019.
Auto and student loans are also at record levels. Credit card delinquency rates are at a 20 year high.
US consumers have been teetering on edge for years, living paycheck to paycheck.
And now, with paychecks abruptly postponed and in some cases canceled, many households will
be missing rental, mortgage and credit card payments and also skipping on health care,
setting in motion the dominoes in which their credit scores will be impaired.
And banks who are already hoarding cash will be reluctant to lend.
Government handouts will be used to plug the holes in today's cash flows, or they will
be hoarded in order to offset a decline in future revenue or wages.
And in many cases, it will be used to pay down debt.
Consumption patterns aren't likely to return to pre-COVID levels, even if economies rapidly reopen. That would be deflationary.
So are we going to see coming deflation, inflation, hyperinflation, or stagflation?
Will It Be An Inflationary Or Deflationary Depression?
In my opinion, we are going to have Price deflation in many areas but eventually high or hyperinflation on a global scale.
We can have deflation in some parts of the economy and still have price inflation in a lot of goods.
Deflation, in certain asset groups, is possible, but the only certain outcome is hyperinflation.
In answer to "how do I get that" out of the facts, the only fact that counts are the unlimited printing of dollars out of thin air.
Soon enough, the velocity of money will increase somewhat, and then we will see the result of contrived world-wide stagflation.
Deflation for things you don't need, inflation for the things you need every day.
Hyperinflation on needs, Deflation on wants.Too bad they cannot print consumer confidence.
The biggest difference in HOW people spend. It is not whether there will be deflation or inflation. There will be deflation in some areas and inflation in some areas. Deflation in luxury/lifestyle goods and services. Inflation in the price of necessities.
Deflation on your asset, inflation on your food.
Deflation followed by hyperinflation. Deflation until everybody 'thinks' they need toilet paper again then inflation.
I think the inflationary nature of QE is being counteracted by the deflationary nature of lockdowns.
The Elephant in the room is if it’s so easy to see this, why do Central Banks persist despite the clear trend of following Japan in this downward spiral? Are our leaders that terribly short-sighted?
You cant blow all the tires on the economy, cause rippling bankruptcy, try to paper it over with 10 Trillion Dollars, and then expect the economy to magically bounce back.
That ten trillion dollar was borrowed prosperity from the future, which means sometime in the future, we have to experience a time where we are down 10 Trillion in relative wealth (the economy has to contract by Trillions in value down the road to pay for the bandaid.
Expectations for a V-shaped recovery appear increasingly unlikely.
There is no deflation, except when it comes to things that are incredibly over-valued to start with. I have been watching prices at the grocery store rise mercilessly since 2008's money creation binge that never seemed to end. Lately, the prices of most items are going up every time I go to the store. All of those trillions being created don't all find their way into the stock derivatives markets. Anyway, some deflation would be nice after 10 percent per year or more for over a decade.
Only deflation in luxuries.
Only inflation in necessities.
There will be inflation as long as the fed/government is printing money and handing it out to the public, i.e., unemployment and stimulus. As long as they do that, chances are people will spend it. Hell, many people make more now than they did working, just for that fact alone.
Do you think the money changers haven't taken this argument into account? If people have money to spend, the demand will be there. The question would be, how long can they just keep printing!
Deflationary crash in asset prices (But not Precious Metals) followed by hyperinflation crisis (particularly on consumables- food and other commodities).
To the best of my knowledge, the inflation calls are assuming that a deflationary period will precede it.
A deflationary period, say where nobody has a job and therefore no money is moving, causing an overreaction in monetary policy that results in out of control inflation.
Cause and effect. Deflation is the cause, but it always ends in inflation.
Yes, demand for certain things has declined markedly.
Going out to a fancy restaurant every night, going to the movies or a rock concert or Disney park, or going on a cruise or traveling to Italy or China.
However, the demand for other things has only increased. Toilet paper being the poster child of the whole basket, groceries, home entertainment, sewing machines, and woodworking tools, even books.
HOWEVER, the drop in supply is turning out to be more serious and long-lasting than people expected. Cue China. The massive container ships making daily port calls have all but disappeared.
So yes, there will be big pockets of deflation, but there are also going to be big pockets of inflation. If you are caught out in a blizzard, so you build a fire and put your hands in the fire, on average, are you going to be comfortable?
Hyperinflations all need crushing deflation to start, and since this is really a global economy it has to be simultaneous and worldwide universal deflation to kick off the hyperinflation, this deflation could last a couple of years but the deeper it goes and the longer it goes, the more likely the hyperinflation to come later is.
It will be both In My Opinion. It isn't binary.
Deflation in asset prices, Real Estate, cars, and other equipment and wages.
Inflation in everything else, food, alcohol, and precious metals.
Demand Inflation for the things we need like food.
Deflation for the leveraged assets.
Years in the future, the US Supernovas and only then do we get hyperinflation.
Flip a coin and take a guess. The fed adding tons of fiat to chase fewer things with, but then there's the possibility most people will be flat broke.
The inflation you really need to worry about is food inflation. Things go horribly wrong when people can't eat. Food inflation and availability are about to be an Arab spring kinda thing again.
The real food shortages have not happened yet and may not in the near future. A few empty store shelves is not a food shortage.
Whole industry groups are not just declining. They are dead.
Why would you buy a house, or a car, or even think about any new business venture until this settles?
We are in terra incognita. Fasten your seat belts. It's gonna be a bumpy ride.
I predict:
-The US Government gets bigger and more totalitarian.
-The US Real Standard of Living continues its downtrend started in 1970.
-The US Citizens get even fatter and dumber.
It was a perfect crime.
1). Inflation for the rich.
2). Deflation for the poor.
You can't get more perfect than that!
There will be stagflation. Inflation of some things, deflation of others, stagnant or dropping wages. A long, slow grind into serfdom and poverty for most.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the full truth, and nothing but the truth.
A falling American empire spinning out of control faster than a bullet train, and still many Americans are deep asleep thinking all is well. The shit storm has started; they will make it look like all is well for elections. Jobs are not coming back if you think they are, then you are delusional. The small businesses are gone. Wait till the 2nd wave and all shut down again come September. An unlimited amount of toilet paper is getting printed.
The day when PetroDollar Collapse, the USA will goes Zimbabwe.
If the economy was a warrior today, it would wish for a quick honorable death.
Corporate socialism only goes to the top 1 %, And I could have told you this before the crisis.
The economy is the worst since the great depression, with tens of millions out of work and major industries shut down - yet stocks are climbing. It’s not a free market anymore. It’s heavily manipulated by the FED. Just before Venezuela went off the cliff, the market was red hot; history is rhyming.
It’s undeniable now – we’re headed toward a global recession. So, what’s next?
It's the end of an era. Now we need to become tough and rugged because playtime is over!
The Fed is delaying Panic With Ponzi Finance. Hyman Minsky’s Financial Instability Hypothesis is coming to you soon.
They won’t be able to hide tent cities and evictions coming in the next two months.
The virus is cover for the financial collapse, new crypto financial system, and buyout by the Central banks.
It may be closer to another six months be for things to get crazy. That's when the normal six-month unemployment cycle ends. They can, of course, extend this, but the bottom line is when the government checks, by any source, and the stimulus ends, that's when shit will go sideways.
Prep up and stack food to the rafters.
The corrupt Congress sold this country down the river for a certain amount of campaign contributions.
An overbearing authoritarian monarchy has turned the USA into a nation of bed-wetters curled up in their basements, sucking their thumbs, begging government overlords to protect them from a virus.
The endless tampering of the economic ecology. A hamster wheel of endless intervention. Businesses are doing push-ups in zero gravity and proclaiming their indomitable strength via equities. One highly suspects that eventually, the world is going to catch on to the falseness of reality without gravity.
Denial is a river that originates in DC and reaches terminus on Wall Street.
Banking and Wallstreet are not essential to get your money out.
For the last decade, it has been an inflationary depression. In the short term, it will be deflationary. Then in a few months, we will enter hyperinflation.
There will be a big fat drop in real estate prices in the short-term because a big fat chunk of the population will stop paying their mortgage or rent. But they will prop it up again. The bankers aren't stupid. They will buy it up on the cheap with the money the Fed just gave them. Then it will go back up just like last time. This is what they do. Acquire assets on the cheap, sell them at the top.
Where's the bottom? Only they know.
We will see massive credit collapse while the central banks of the world fractionally and hopelessly try to reflate the bubble.
Then once the Corona crisis is over and people start to feel a little good again, this massive intervention will cut up to them as the deflation turns into hyperinflation. Give it a few years.
The next four years 2020-2024 will be for America what 1988-1992 were for the Soviet Union.
It's the end of the post-World War II era with US dollar hegemony as the stabilizing (and paradoxically destabilizing) force. This is a wild game of musical chairs, and no one cares about those they step on while the music continues to play.
We will look back at the past two decades as the golden age of the average Joe. Freedom of movement has never been as free as the past 20 years for the average human. We could fly around the world for hundreds of dollars. You could go from one country to another, and for the most part, retain your right to privacy. This will never be the same again. Global travel will now be subject to mass surveillance. Only those with ‘authorization’ will be permitted to travel freely. We find ourselves down deeper and deeper into the totalitarian rabbit hole, globally, all at once.
The thing that annoyed me the most is that we have to adjust to the "new normal." Poverty, no Bill of Rights, the Fed stealing everything. When I put on my special sunglasses, all I see are big signs reading COMPLY.
Masks are a sign of subservience.
The fundamental political question is, why do people obey a government. The answer is that they tend to enslave themselves to let themselves be governed by tyrants. Freedom from servitude comes not from violent action, but from the refusal to serve. Tyrants fall when the people withdraw their support.”—Étienne De La Boétie, The Politics Of Obedience.
Don’t pity this year’s crop of graduates because this COVID-19 pandemic caused them to miss out on the antics of their senior year and the pomp and circumstance of graduation.
Pity them because they have spent their entire lives in a state of emergency.
Food, water, weapons renewables, ammo, stack, cash, a vehicle like a small motorcycle, ability to make a fire, lights, backup power, gas better than electric, if you can get offshore by boat great. Directions to closest DUMBs, a partner, a crew, a platoon just not lone wolf, ability to pick a lock, barterable goods, a case of BIC lighters, and a GREAT Attitude.
This was The Atlantis Report.
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Thank you wholeheartedly to all those of you who have already donated.
Stay safe and healthy friends!
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<i><br /></i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-35706436872158443732020-05-24T11:14:00.002-07:002020-05-24T11:14:54.464-07:00👉Mortgage Crisis has Begun Mass Foreclosures & Mortgage Market Mayhem.<i><br /></i>
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<i><br /></i>👉Mortgage Crisis has Begun Mass Foreclosures & Mortgage Market Mayhem.<i><b><br /></b></i><iframe width="460" height="315" src="https://www.youtube.com/embed/blzzqQcvi1Q" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
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<i><b><br /></b></i>4.7 million Americans cannot pay their mortgages right now.
That's a million and a half more than in 2008.
In May, 8.8% of mortgages are in forbearance.
One-third of the American tenants stopped paying their rent.
Millions of Americans unable to pay May's rent and mortgage.Up To 30% Of All Mortgages Will Default In Biggest Wave Of Delinquencies In History.
The Mortgage Market Is On The Verge Of Collapse. The Mortgage Crisis has Begun, with mass foreclosures and mortgage market mayhem.
Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income.
More and more tenants are protesting, paying their rent.
Missed rent, in turn, adds up to landlords who can’t pay their mortgages or property tax.
And then cities and states will struggle to provide the basic services that tax payments fund.
Tenants can't pay their rent.
Then owners can't pay their bank mortgage.
Then the banks collapse. Welcome to the future, folks.And what about the Ponzi scheme that allowed the mortgages to exist at all?
A Ponzi scheme with no incoming payments collapses. And that is exactly what is going to happen. But don't worry, the bank executives will be just fine.
The economy’s dead, and as is standard practice these days, the autopsy report will make no mention of pre-existing conditions or diseases, it will just say Corona.
In Los Angeles County, they announced tax increases starting June. So a bunch of people lost their jobs, and oh yeah, your taxes have gone up.
It is insane that construction workers pay more in taxes than amazon or Jeff Bezos, who’s worth around 130 billion dollars.
State and Federal government tax everyone at an average rate of 7% on everything. Corporations get their money from the exploitation of the working class' labor.
Large corporations got their tax breaks even when the economy was booming. Ordinary folks can't get a break even when they can't pay.
April and May are pretty irrelevant. The crisis has barely even hit. Just wait and see how those numbers change in the next few months after the real fallout from this crisis hits and after the unemployment money potentially runs out.
The first $2.2 trillion bailouts will take us out to about the beginning of summer. Then what?
In the coming months, there's going to be a wave of defaults within 6 to 8 months that will make 2009 look like a blip. Skid Rows will be created all over America.
Even before this crisis, a lot of Americans were living paycheck to paycheck.
Some were spending more than half of their take-home on rent alone.
Now that they're stuck at home and don't know when they'll get back to work, they've got some tough choices to make.
More than 38 Americans have filed for unemployment since mid-march leading to long lines sneaking into food banks from coast to coast and rent strikes across the country, from New York to Los Angeles. More than one-fifth of Americans said they had little or no confidence they can pay the next month´s rent or mortgage on time, a survey found. In April, we witnessed the largest single-month jump that has ever been recorded.
Mortgage delinquencies surged by 1.6 million in April, the largest single-month jump in history, according to a report from Black Knight, a mortgage technology and data provider. The data includes both homeowner's past due on mortgage payments, which aren’t in forbearance, along with those in forbearance plans and who didn’t make a mortgage payment in April.
At 6.45%, the national delinquency rate nearly doubled from 3.06% in March, the largest single-month increase recorded, and nearly three times the prior record for a single month during the height of the financial crisis in late 2008, Black Knight said. Frustrated and struggling Americans took to the street across the country in rent strike as bills come due, and families face hard choices. Many states have suspended evictions or foreclosures during the pandemic.
The governor of New York said, there's a moratorium you can't evict anybody for three months.
California and many other states and cities have followed suit, pausing evictions for the next two to three months. A growing movement is now calling for a rent strike.
But after three months, In July, the eviction notices are going to come, the homelessness problem is going to rise, and the real economy is going to be sacrificed to the financial sector. The American economy will look pretty much like Greece. It'll be in austerity. There will be people who don't have jobs. They are going to be evicted from their apartment. They will have to run through the savings. They will not be able to pay their credit card debt and other debts.
So arrears are going to rise, and the banks will be squeezed.
And Trump says the one thing we can't save the people, but we can save the banks.
The Federal Reserve has enough money to keep all the banks afloat even if they're not getting the mortgage payments, even if they're not getting the debt collection.
And the banks can now make up for the money they're not getting by having a huge new market lending money to private capital and to the large companies to buy out all of these small businesses that are going under. It's a bonanza.
And that's what Trump said that'll make the country rich again, meaning the 1%.
Not a problem when the Government prints money, and the peasants don't have to rely on the elites to lend to them. Or is using the "magic wand" only okay when it comes to bailing out the wealthy, propping up their portfolios by manipulating the stock market.
As a result of Wuhan flu, most companies in the US declare bankruptcy, financial institutions stick their hands out to Fed, Fed fills their pockets.
Companies borrow from financial institutions (again), lenders on hook for unlimited amounts of money with no fear of risk.
Rinse and repeat.
The FED balance sheet (the one we get to view) will be 12-18 trillion in the next 6-12 months. All hands on deck to keep the stock and bond market from imploding. They are going to cannibalize and feed everyone to their friends on top. We see the collapse of civilization as we know it. And, This is only the beginning. We have a $22T debt owed to a private central bank. That is the problem. They buy bonds and flood the country with money. Then, those 10-year bonds mature, and money is transferred from wherever it was, back to the central bank. That is the problem—private central banks. There is no way out peacefully.
The powers that be think inflation is prosperity. They are firmly squeezing the economy into hyperinflation, where they own everything, and the people are left to perish. The banksters don't need us anymore, and the real disastrous calamity has yet to occur. This is the retirement of bonds purchased by the fed for QE2. There's a 3rd wave, due over the next year. Ten years from QE1 happened in 2018. This is QE2. Quantitative easing 3 is due to retire shortly. The money supply will be hugely contracted. Money has only served to enslave those who can't create it from nothing. We need a new course, with or without money. Where your inspiration and drive can manifest tangible and beneficial results, everyone has some talent or ability that may or may not be harnessed, because of the question "how well does it pay?" It's not human nature to be selfish or greedy. That comes as a result of deprivation or scarcity. Some people may always behave that way, but if there were enough for everyone, that condition would surely subside. It will become our duty to rebuild this great nation. I hope we have the ability and the commitment to make it how the founders desired, with liberty and justice for all.
The government causes the problem for the people, then the people go to that same government that caused their plight and expect different results.
The government might keep you alive. But only self-sufficiency and your own critical-thinking will turn lemons into lemonade.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the full truth, and nothing but the truth.
What is clear is that Americans don’t have savings. That most Americans are living paycheck to paycheck. Half of Americans have less than one month's savings.
Even small business owners and entrepreneurs.
We have the lowest minimum wage rate in the world.
Things continue to get more and more expensive, yet wages never go up.
For decades you lose if you have “savings.”
Cash devalues 2-3% per year from inflation pre corona. The only yield for commoners to keep up was gambling in the stock market. Now that’s demolished and pilfered.
Rip off capitalism for the Dollar printers and lenders (lending what they print that costs nothing) and theft of time and resources from the serfs.
This is Feudalism 2.0.
The message from state governments to all business owners large and small is, "You exist at our pleasure, and we can cancel you in a minute. You will kowtow, or you will not have a business anymore." I believe that was also the arrangement under feudalism. We destroyed that paradigm when this country was founded. Now we have reverted to it. What in God's name happened?
2/3 of landlords are renting rooms or one stand-alone house. They are not rich.
The Government is the cancer, no matter the form. Anyone who is a landlord knows the precise point: "People dealing directly with people can figure everything out." The Hobbesian view of every man against every man is pure nonsense, as man's default condition is one of mutual cooperation. Of course, bad apples exist, but if Hobbes was right, humans would have gone extinct millennia ago. Government creates the discord, not people entering contractual, voluntary relationships.
What we have now is socialism for the corporate welfare bums and debt for the slaves, which doesn't work either.
Large businesses own the state. They use it to crush the competition. This means that the banks and government will be the major owners of real estate in this Country.
The end result is the fed (a private bank) buys the property for pennies on the dollar.
Why is it landlords and lenders who get jacked?
Most landlords are just regular businessmen too.
And, keep in mind, the Land Lords will still have to pay the property tax to the Grube, which is the lion's share of every payment anyway.
Landlords will default. How can they pay taxes under such extremities? The government wants to own everything. This is communist!
The only one's buying will be banks. In the end, banks will own everything, and everyone else will be a serf, and they will be your lords.
The banks get your property, that was the plan, part of the pandemic. The Banks bleed you first, then take the property.
30% or more of mortgages could easily be in a state of default by the time this is said and done. Try kicking 1/3 of the country out of their homes. You'll have a population that is no longer fat, happy, and comfortable. That's when you have to worry about the boogaloo.
Whatever they do, they will NEVER let the markets clear on their own. Never let anyone go broke again, least of all the banks. Never let the debt Ponzi end. Never let anyone who has been fiscally responsible with their life or business have a shot at succeeding when others less responsible fail. Never let anyone get ahead in society by their own effort and intelligence. Never let consumers decide what they want to buy with their own money, nor producers provide it for them of their own free will. Never let anyone who defers immediate consumption in favor of profligate spending be allowed to gain by their behavior.
The sad part is that bankers would rather evict you and have the property vacant and rot than negotiate a much lower rent and forbearance.
We did bailouts in 2008 and crossed that moral hazard again when the government and fed literally handed out 6 trillion and counting this time around.
I think only 500 billion went to the plebs.
Time for a Debt Jubilee! Wall Street essentially gets at least once a decade. Now it's the tax slaves turn. I am, like you fiscally conservative and have virtually no debt, but my sense of fair play says it's time.
Time for a debt jubilee and a return to honest money.Although I am sure that the debt shackles ain't coming off serfs without a BIG fight.
We live in a system with $10.000 GPD per every human on the planet, $40.000 debt per every human, and $200.000 derivative per every human.
It is unsustainable, and now with Wuhan's plague irreversible that we are at the endgame. It may take a decade, but endgame it is. And fine by me, debt should be something you are scared off.
At the end of the day, it's mathematics. Usury is exponential, and our world is finite.
Why not look at modern-day Russia instead, who is doing quite well after defaulting on its debt.
We have an option, either cancel the debt or become debt slaves. The world owes hundreds of trillions of dollars.
To who????? The system is rigged.
Time to change the rules.
This Coronavirus is the excuse to transition us into a global, communist, totalitarian, satanic, one-world government.
The quarantine was the most diabolical event ever perpetrated.
Millions of people instantly all out of work for two months because of unreliable models, Mainstream media, and cabal propaganda.
Tragic, so many fell for it. And with so many, it will be nearly impossible to break the spell.
This was The Atlantis Report.
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<i><br /></i>Nicole Bourbakihttp://www.blogger.com/profile/00582518964438168944noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-48218246610725439352020-05-18T12:27:00.002-07:002020-05-18T12:27:53.234-07:00👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!<i><br /></i>
<i><br /></i>👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!<i><b><br /></b></i><iframe width="460" height="315" src="https://www.youtube.com/embed/yjyKdVkMm6I" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
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<i><b><br /></b></i>The national debt is already at an absurdly incomprehensible number like $23 trillion, and increasing by the minute.
We're already in a mathematical fantasy land beyond the limits of human understanding.
A stack of trillion-dollar bills would be 67,866 miles high, or more than one fourth the distance from the earth to the moon.
This means the deficit before the pandemic would've been a stack of dollar bills more than five times as high as the distance to the moon.
The national debt is never going to be paid. It will ALWAYS go up. The Fed WILL monetize the debt at negative interest rates.
The treasury debt the Fed will hold will have an average negative yield. They will pay the treasury interest, but in reality, that will just require a wind-down of reinvestment, so it actually isn't anything real. These are all ledgers with lots of zeroes.
At some point, the Fed will have to buy ALL of China's holdings as they liquidate, and then ALL the social security surplus holdings. And they will pay well to keep rates very, very low.
With negative interest rates--people will pull their savings from banks and buy gold (if they have brains). Banks will not lend to get less back. Scared people will stop buying and start hoarding cash. The economy grinds to a halt. This is the GREAT IMPLOSION, coming soon to an economy near you.
The Fed is creating a bubble economy.
Once people understand it is all about the Fed, maybe things will change;But not until then.
They are using fear and misinformation to herd the sheep where they want them to go seems to be what’s going on today.
Even Powell, Yellen and Bernanke are telling the congress not to worry about the deficit. Just keep spending. What he doesn't tell this naive Congress, and the president is that getting the government to spend even more reduces the government's power, and increases the federal reserves power over America. They want the Congress to keep spending in order to make our government as bankrupt as possible. The more deficit spending on our governments part, the better for them. This is what the purpose of this coronavirus agenda is. Bankruptcy for all, and the transfer of all financial control into their hands. They want to remove all financial power from world governments and place all financial power in the hands of this secret fraternity at the very top, who are in control of this international banking system. Their target is the removal of the US dollar and replacing it with their long-desired,one world currency, owned and controlled by this secret fraternity at the very top. Yes, the domination of this world by way of the monetary system. It isn't apparent yet, but it will be, when they put the icing on this coronavirus cake by pulling the plug on the world markets and creating the biggest market collapse in history. Why? They are currently bankrupting our governments. Now they want to place us in a complete state of hopelessness by bankrupting all of us individuals also. So, in the end, the people who created this evil will present themselves as our saviors by making us an offer we will have no choice but to accept. Accept our one-world currency in place of all other currencies, including the US dollar, and we'll bail you out. As I said, they will leave us with no other choice but to accept. And due to their power of absolute secrecy, all we have the power to do is watch the show.
Federal Reserve Chair Jerome Powell warned that the nation's unemployment rate could soar to 25 percent. Powell says a full economic recovery may not happen without a vaccine."Full Recovery Could Take Until End Of 2021. Will Require A Coronavirus Vaccine," Powell said in an interview with CBS’s “60 Minutes”.Why would a cartel banker/beancounter have a say as to whether a vaccine is needed or not?
"Just following orders" will not be a defense, Powell. So, Fauci, the MD, became an economist, and Jerry Powell, the economist, is now a doctor.
Do we live in a bizarro world ,or what!
Those who wish to inoculate themselves against this flu should do so. If it works as advertised, they have their immunity. Those that do not wish to take the vaccine pose no threat to them. Compelling the rest of us to be vaccinated is going to be an interesting operation.
A vaccine or market manipulation either will do it.
The Fed has launched a series of efforts to keep markets functioning properly and has teamed with the Treasury Department on a variety of lending programs aimed at businesses and individuals. In addition, the Fed is buying corporate and municipal bonds.
That’s come amid burgeoning unemployment crisis that has seen 36.5 million Americans file unemployment claims and the unemployment rate rise to 14.7%.
Wall Street is just like Washington DC. It runs on loopholes. All you have to do is learn your way back and forth through the Maze of stupidity.
The same people who sell the panic, sell the vaccine.
Before COVID, there were 162 Million active workers. Current reports indicate there are 36 Million unemployed: so its at least 22%. However, this does not include part-time workers that were laid off and unable to file for unemployment benefits. It also does not include workers that have their hours cut. This party is just getting started . By this summer, the unemployment rate could top 40%, as the momentum builds. Those 36 Million workers aren't spending as they did. Probably more than 100 Million workers have dramatically cut spending.
This is going to drive unemployment up much higher.
Even if all states open up tomorrow, it is not going to be a return of business as usual. People are going to be reluctant to spend money, travel, eat out, etc., until they feel confident that the virus is gone and that the economy has stabilized. It is going to take many years. It took the US about ten years to fully recover from the 2008 crisis, and this one is much worse.
People on the minimum wage have to spend 100% of their wages to survive. Billionaires spend 1%, with 99% disposable. They live, as opposed to surviving, on this.
National Suicide, Expected to soar . The shooting starts shortly after the USD FRN reaches its intrinsic value as electrical bits and poorly absorbent toilet paper. Losing may be winning if the stupid masks, closures, distancing, handouts, bailouts, negative interest rates, alleged forced vaccination plans, etc.
Turn fattened human flocks of idiot sheep into lean, hungry packs of intelligent wolves.
Exciting times. That's what happens when counterfeiting enables deficit spending. Eventually, the world will realize the dollar is worthless with all this printing. Then this debt will be an issue and only an internal issue for us the Peasants.
"It's the money, stupid." Founding Father axiom. It all depends on whether the US loses reserve currency status over a long period or a short period.
The national debt is ballooning, and one day we would default on it. Math can only be stretched so long until an unstoppable force meets an immovable object.
During 2008 bailouts, experts were saying, now is not the time to worry about the debt, we can address it once were past the crisis .
The debt was never addressed, other than the Bowles/Simpson plan...which failed. I'm hearing the same thing now about this crisis and the staggering debt being piled on.
Another frightening number on that debt clock is that of the total value of global derivatives. Judging by the fast-rolling number counter, it appears it's increasing by over$ 2.0m a second! Mind-blowing numbers, all just waiting to collapse when the defaults begin.
Ever heard of 'marginal change' ?.
The effect of one more unit on the whole. A sinking boat and that one pint of extra water that sends it to the bottom.
A sinking economy with a Fed deficit.
The effect of one more dollar of debt. The closer you get to the breakpoint, the more important the marginal change.
Are we there yet? If not $25 trillion, then 25.1 trillion, 30 trillion, 400 trillion.
Has it already happened?
Is the economy finished, and we just don't know it?
Already the word is out there is a massive problem. Interest rates are being forced lower because the country cannot afford to pay interest on the current debt. With low-interest rates, no one with a brain wants to lend the US money. The Fed has to step in. Now, the debt is faux debt (just zeros on the Fed balance sheet)-- and ready to implode.
If this is not warning enough, what is?
When I activated the US Debt Clock Time Machine for the year 2024 -- just four years from now -- it showed that at the current growth rate, we would see a national debt of $43.6 trillion! In four years! That is unsustainable!
Something must be done right away to bring it down, or a disaster will occur within the next few years. America must pull its head out soon, or a calamity will soon occur!
This is digital Weimar Currency.
They won't even have the problem of printing on one side of a bill .
That's why we are going to experience a monetary reset. This apparently happens to every monetary system not tethered to something that can't be printed out of thin air.
That being said, The deficit can reach 50 Trillion or 100 Trillion! The small business issue came from the shutdown and excessive regulations for the most part. It will eventually become a problem, and the system will collapse.
This shitshow will only get worse until the final collapse.
So expect the unimaginable all the time going forward over the cliff.
COVID was a convenient excuse the crash land this debt loaded, massively leveraged economy. The string-pullers opted for flight 1549 in the Hudson River rather than the Hindenburg zeppelin exploding and going down in flames.
Strange how the Pandemic is so well coordinated and the New World Order "elites" are ALL singing the praises of an as-yet non-existent vaccine, which clearly is going to be compulsory with the implied threat of military force.
The death rate in the non-high-risk groups, even using the inflated mortality numbers, is around 0.1%, so what is the scientific basis for a compulsory vaccination for all without any understanding of the risk/benefit equation for low-risk cohorts (most of the population)! Other than the social control .
There remains the medical ethical principle of "Informed consent." Well, I am informed, and I don't consent. What then?
Why are we still pretending that Covid-19 is a particularly deadly virus and that we must destroy ourselves out of fear of it?
All those who want to be locked up forever should just go ahead and lock themselves up forever and leave us the hell alone. Why do people with horrific plans always insist that we have to join their suicide pact for our own good?
The Hong Kong Flu of 1969 was way worse than this WuTangFlu, and they did not shut down the economy.
This is an intentional sabotage of the world economy.
The aims are many - to impose a worldwide plutocracy served by tech stooges and psycho scums, to impoverish people to the level they won't ever protest politically, to overthrow the role of people in politics that is on the rise ever since 1789.
Call it whatever you want, but this is no pandemic.
Get ready for millions of bankruptcies, loan defaults, and bank failures. Millions of retirees will lose almost all of what was promised as big pension funds fail. Powell admits it will get very ugly, and no one knows how or when this ends. If reopening brings on wave #2 and they have to close it all up again, kiss any recovery hopes goodbye.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
Three TRILLION $ more debt planned and Powell says now is not the time to worry about it, only when the economy has recovered. What The hell !
We haven't worried about it for the last two decades since Cheney said "deficits don't matter." Our great economy has never been anything more than a bubble pumped up by endless debt thanks to the Fed Bank. The wealthy are doing great , and the bottom 50% are unemployed, maybe forever.
The banksters are loving it and want to keep us shut down to do the most damage. We are in real trouble. Pray for a miracle.
Bailouts, more printing, baby print, print. Insanity continues.
With negative rates looming and is coming, FED can’t raise any rates higher, is too late for that, so their only option is going reverse, you are going to see some funny thing happening.
The economy has been sparling for a long time, and not only in the U.S.
Unprecedented access to cheap cash, lack of any fiscal responsibilities, plus mounted with other policies and reality has also produced a fallout.
Now Banks is put a tight lid on “Line of credit access,” which basically is putting small businesses folks in the cold and not to mention others who have to meet certain obligation is putting them in a state of what is a sense.
Lady in Casino dancing for the bosses is starting to sweat. She realizes she is expandable and no longer can entice them. MMT/QE’s etc.
And top with it, they will squeeze the last amount of breath from anyone.
ECB/Fed/BOJ and other Central Banks around the world, and don’t think China is excluded, fiat is fiat they flow same way just the value is different, are on a collision course of facing final act.
Total Bankruptcy and insolvent of nations due to internal debt which is way beyond understanding and external debt of the rations to GDP debt, which is already putting heavy iron plates on their shoulders.
They will default, and not only the U.S but all of them will not meet their obligation.
So next scheme is Digital, but the game is the same; bosses are well aware of their needs.
They all soft defaulted in 2008 when all of the major Central banks started QE, and never really stopped. The issue is now that with the shutdown of essential production, it is going to lead to shortages, leading to price controls\rationing and inflation. The entire industrialized world is switching over to third world status.
I very much doubt digital will work. It just makes it much easier to create inflation, and it is 100% dependent on reliable data & power to function. The Government digital currencies will likely be too easy to print when they need it and will quickly collapse in value.
The Achilles heel of the industrialized world economies is tax revenue need to balance government spending with production.
Tax revenue as all but collapsed, while essential government spending has gone to the moon.
The U.S. is a dollar exporter, and both parties' donors won't allow anything else.
If we ran a trade surplus, Wall Street's casino would close.
The American people don't understand how corrupt this country is.
The aim is to fleece the people quickly into debt slavery, where the shirt on their back is owned by banksters.
The powerless people on the bottom of the food chain get hurt the most, but the fat cats with political influence are able to get the big bailouts.
Basically, the Fed has de facto created Royalty in the world.
They are the elites, rich, bankers, and the well connected.
They know that no matter what.The Fed will save them.
The working man has no chance.
The head of the country's financial system, Jay Powell, is saying the answer to the country's woes is social distancing and forced injections by the military.
America is already finished as a country. The dollar will lose its status as the world's reserve currency. It won't be long, and we won't be able to trade our pretty pieces of paper in exchange for real goods and services. The federal government will have to spend at least a trillion less than it does now. We won't be able to get away with our trillion-dollar trade deficit much longer either. We've been getting a lot of Chinese products at artificially low prices for a long time. An iPhone would probably cost $5000 if it was made in America. Expect the 2020s to be a lot like the 1930s.
This was The Atlantis Report.
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Stay safe and healthy friends!
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<i><b><br /></b></i>Nicole Bourbakihttp://www.blogger.com/profile/00582518964438168944noreply@blogger.com0tag:blogger.com,1999:blog-4849619753324019129.post-79140995218372189302020-02-22T07:44:00.003-08:002020-02-22T07:44:21.037-08:00Peter Schiff: Printing Money Is Not the Cure for Cononavirus Gold is The Cure<i><b><br /></b></i>Peter Schiff: Printing Money Is Not the Cure for Cononavirus
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<i><b><br /></b></i>In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.
Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.
All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.”
Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs.
In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.”
In the midst of all this, Peter raises a really good question.
The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down.
Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.”
Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy.
In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.”
Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up.
The economy is strong, print money. The economy is weak, print even more money.”
Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies.
Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.”
Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.
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<i><b><br /></b></i>Lisa Chapmanhttp://www.blogger.com/profile/09960637257351118910noreply@blogger.com0