BENJAMIN FULFORD BLOG
Saturday, October 10, 2020
👉The Fed to Expand its Balance Sheet to more than $10 Trillion, As The Economy, The Markets, and The Americans become Addicted to Stimulus
👉The Fed to Expand its Balance Sheet to more than $10 Trillion, As The Economy, The Markets, and The Americans become Addicted to Stimulus
The Fed to Expand its Balance Sheet to more than $10 Trillion, As The Economy, The Markets, and The Americans become Addicted to Stimulus.
What a gigantic everything bubble freak of nature we have created. It is going to be a massacre soon in everything. Then the suffering and death come for many. Dark times are coming; I can see the blackest of clouds moving in on the horizon.
A vertical stock market in a depression where 800,000+ people file jobless claims every WEEK for seven months straight. Our dystopian overlords have deemed it necessary to create an insulting illusion with a cartoonishly fake stock market that is priced as if there was heaven on Earth.
The Fed unveils plan to expand its balance sheet but still insists it’s Not QE.
"We’re going to go in strong,” declared Fed Chairman Jerome Powell.
The Federal Reserve said Friday that it would begin buying government-backed securities to expand its balance sheet, a move meant to keep an obscure but critical corner of financial markets functioning smoothly.
The Federal Reserve’s balance sheet is exploding, growing by about $3 trillion since mid-March and now totaling more than $7 trillion. It could conceivably exceed $10 trillion by yearend, as the central bank buys corporate bonds, municipal securities and makes loans to medium-sized businesses while purchasing $80 billion of Treasuries and $40 billion of agency mortgage-backed securities (MBS) each month. This would be more than double the peak that the Fed's balance sheet reached after the 2008-09 financial crisis.
By stimulus, all they mean is a couple trillion for the fat cats whose portfolios are already up 35% since the pandemic. Maybe a couple billion to be spread out to the peasants. We thought 2009 was the biggest rip off in history. This farce is ten times bigger, and the poor get poorer.
For Bankers on Wall Street, Politicians, and government employees, it was not bad.
For your hard-working Americans in the private sector, it was disastrous.
For example, Yelp reports that at least 55% of the restaurant listed on Yelp will not re-open....ever. That's nationwide. In some areas like New York City, it's much higher.
So while the Fat Wall Street CEOs and execs got Fat Fed's handouts, many others have gone bankrupt.
I won't even get into the human suffering that occurred because people could not get to their doctor or dentist, etc.
So what’s the bottom line of the Fed’s rapid balance sheet expansion?
A massive redistribution of wealth to the 1% from the 80%.
Welfare for the Wealthy. Preserving Privately held Profits absent any assumed risk while Socializing all losses and denying a safety net to those most severely impacted because you can’t keep the poor and working-class people poor.If you actually gave them money ... and basic moral and economic and tenets of conservatism and deregulated.
The balance sheet is going way, way past 10 Trillion. And we can pray for inflation, but our prayers won't be answered. But this shouldn't surprise us. The financial sector's very survival depends on a deep commitment to the illusion of a recovery. How can we get a recovery in the teeth of a raging pandemic and massive unemployment!
Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to click the like button. Many of you have asked me where they can buy silver and gold bullion.You will find in the description box links where you can buy American Silver Eagle 0.999 Fine Silver; Or Fine Silver Bars or Rounds. I highly recommend that you start stacking some Silver Bullion for the future.
All of this is crazy. They keep creating problems and then come to the rescue to fix the problem—only to create a bigger problem down the road.
It all sounds so simple and wonderful. How come Japan wasn’t able to pull it off? There is already inflationin the markets. What would you call Amazon at 118 times earnings and 1.5 Trillion market cap!
Microsoft at 32 times earnings! Apple, not that long ago, had a PE of 12. Now 29! I call that inflation.
And what happens to yields and corporate income statements when the Fed funds rate starts rising? Right.
There is no such thing as a free lunch. Sitting on yield is going to leave them with the choice of inflation or a wave of bankruptcies.
And what about inflation from the declining confidence in the US dollar, brought about by virtually unlimited spending? Dollar falls, import prices rise. What about inflation from the possible increase in the velocity of money as asset prices rise, and helicopter checks arrive in bank accounts?
We saw this movie post-2008 crisis. Even with a meager 2.5%, the stock market and President were having fits and cuts followed. Fed used the 2008 crisis (which was due to its own making) to expand its powers and balance sheet. Even with a supposedly strong economy and lowest unemployment, it could not reduce its balance sheet meaningfully. People who have a large amount of cash they don't keep it at home. Actually, they don't keep it as cash, mostly assets. That is where Fed's (unelected and partly owned by big banks) loyalty resided. Keep propping up asset prices no matter what is the effect on the general public. But mind you, Robinhooders have understood that, and they are having fun. Fed's hunger for more power or a larger balance sheet and that too with more market interfering tools will not stop till the US has become like Soviet Union (controlled by Oligarchs) or blown its credibility completely. Both are unfortunate outcomes.
Make no mistake; this criminal Ponzi scheme will crash and burn back to reality. It always does. This time it will be incredibly ugly. Everyone invested will be asking themselves daily, "my god, is this real life?"
A dying circus. Both sad and funny at the same time.
Definitely a tragic comedy.
The prospects for Christmas are very bleak, after which you will see many stores close for good and jobs lost. Main Street is on its way to the Emergency Room in cardiac arrest!
Most people’s wages have stagnated for decades, where you could even say they’re making less than they did years ago. We are seeing massive civil unrest due to such injustices. The playing field is far from level. It’s a well-known fact that a lot of folks in powerful positions got there because of who they know or who they’re related to. Nepotism and cronyism have been around since the dawn of time, but the old guard is being replaced by the ruthless new guys.
We should let the banks handle their own problems;too many zombie companies being run in WallStreet by them. 23% of S&P companies have zero profits. Handing them the stimulus is just suicide. Never Give a drunk a drink.
A small bubble is better than a big bubble. Now the point of no return is here. It's 2008 all over again—only much worse.
Expect the markets to move 2-4% when the stimulus deal is passed.
The stock market makes no accounting for the number of unemployed people, the number of dead, those still waiting on stimulus. Those people are simply not considered part of the economy anymore. The money always just follows the law of marginal utility-- where more money can be made. It breaks all else under its wheel-- including human rights and humane treatment.
We can't spend our way out of this pandemic. No matter how much money they shower people with, a massive chunk of consumers does not have big parties, taking trips, going to concerts, etc. etc. until this virus is a thing of the past. Any extra, they are squirreling away. Layoffs are just ramping up; they usually hit a fever pitch before the end of the year, which is nail #2 in the economic coffin. Nail #3 will be inevitable inflation that the fed says is OK to go over 2%. The only way out is negative interest rates. Donnie says he loves the idea, so we'll see, the Fed doesn't have much other ammo left.
The money printing, as we all know for these benefits, was huge. We didn't gross domestic product; we printed it. The Mises Institute recently reported a 37.56% increase in the money supply, an extraordinary jump historically. Therefore for gold which if you believe the $1650 price in Feb (before the big print) was fair, then gold deserves $1650 x 1.3756 = $2270 an ounce .
Our Challenge is, We are trying to save Capitalism. When the markets de-coupled from the Economy in 2008, they became a ship without a port. There are a number of overvalued Assets. But, the FED can't allow them to fail because it would negatively impact our GDP, which would then increase our "Debt to GDP Ratio." This could cause international investors to become hesitant about buying our "Bonds." This is a very intense situation known only to a few. China is silent for a reason.
And the American public is dumbed down so much they can't balance a checkbook. And it doesn't matter. The checking account is in the red.
Never have I understood why the Airlines need their own Payroll Support Program.!! Think they are entitled to unemployment compensation with its ill-advised and additional oversized funds just like everyone else. The intent seems to be to allow management and employees to have the same paycheck as before the pandemic. Traffic off 70% -- Full pay with nothing to do for so many. Just so wrong. Let's not forget the $ 49 billion squandered on share buybacks. Certainly, better use of the funds today. All for a helping hand but not a guarantee for lifestyle as before, Its a time of sacrifice and hunkering down.
Twenty-five billion to help the rental situation would do more good than sending it to the airlines.
Too bad Mom and pop landlords don't have as strong a lobby group as the airlines.
A lot of landlords can't pay their mortgages because they themselves are leveraged to the hilt in debt. They need to rent money to pay for their properties. Operating a rental property is just like operating any other business. You have income, and you have expenses. Without income, there is not gonna be any cash flow. However, people are more sympathetic when it comes to other businesses (i.e., restaurants, barbershops). Nobody expects restaurant owners to offer free food or bars to give out free drinks. Why do people expect landlords to offer rental units for free? Landlords are small business owners too!
QE is not capitalism at all. It is socialism in action. This is what socialism does over and over and over. Those in power redistribute capital. It is a socialist "planned economy" forced upon us and not free-market capitalism. Capitalism and central banking have nothing to do with each other. This is what happens when you confiscate gold from the people, then renege on your promise to pay gold to foreign countries, then use the paper gold market to try to suppress the price of gold by flooding the market with short futures contracts. The Ponzi scheme collapses.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have donated. Stay safe and healthy friends!
Saturday, June 6, 2020
👉Is the New Jobs Report Really this Positive !
👉Is the New Jobs Report Really this Positive !
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. Please Like. Share. 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!
Monday, May 18, 2020
👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!
👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!
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. Please Like. Share. 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!
Sunday, March 12, 2017
Benjamin Fulford 2017 - March 11, 2017
Mysterious Phenomena
Throughout the history of humanity, mankind has been witness to thousands of strange, unexplained ancient mysteries and events, as well as mysterious phenomena. Many of them can undoubtedly be explained as regular, everyday events that were simply misunderstood. However, there remain a large number that defy all logic, reason and scientific explanation. This section will seek to explore some of these phenomena, not only current events and reports, but also those unexplained mysteries of the world from our remote past that remain unsolved today.
Throughout the history of humanity, mankind has been witness to thousands of strange, unexplained ancient mysteries and events, as well as mysterious phenomena. Many of them can undoubtedly be explained as regular, everyday events that were simply misunderstood. However, there remain a large number that defy all logic, reason and scientific explanation. This section will seek to explore some of these phenomena, not only current events and reports, but also those unexplained mysteries of the world from our remote past that remain unsolved today.
Wednesday, August 21, 2013
Fukushima is Thousand Times worse than we thought!
I don’t know why the Russians, Americans and everybody ells hasn’t been there from the start. Back when the reactor four building blew up I knew the s—t had hit the fan. They have been spraying water over this mess ever since but that can’t go on forever. Americas West coast will catch it big time when this thing burns up. Everything as we understand it will be over. God help us.Much like BP with Horizon in the Gulf, TEPCO will never divulge how bad it is until it's too late. How this isn't mainstream news EVERYDAY blows my mind........but then again that would take time away from reporting on fake peace treaty's and reality stars in court!
Elizabeth Warren ~ Strategy for Financial Markets: TARP Oversight
Strategy for Financial Markets: TARP Oversight - Elizabeth Warren (2009)
Warren opposed the 2010 U.S. Supreme Court Citizens United v. Federal Election Commission and supports the DISCLOSE Act which would limit the 2010 Supreme Court ruling.
Consumer Financial Protection Bureau
I'm figuring the bank holiday will come shortly after 9-11, mid to late September. Notice how the market keep right on trucking during the NASDAQ glitch , who do they think they are fooling? Every rumor affects the market, but not this glitch? I'll go with totally controlled " TEST RUN " to see how the people respond. Will the people try to make a run on the banks? I'm betting this was set up in Obama's meeting.
Warren opposed the 2010 U.S. Supreme Court Citizens United v. Federal Election Commission and supports the DISCLOSE Act which would limit the 2010 Supreme Court ruling.
Consumer Financial Protection Bureau
I'm figuring the bank holiday will come shortly after 9-11, mid to late September. Notice how the market keep right on trucking during the NASDAQ glitch , who do they think they are fooling? Every rumor affects the market, but not this glitch? I'll go with totally controlled " TEST RUN " to see how the people respond. Will the people try to make a run on the banks? I'm betting this was set up in Obama's meeting.
Shocking : Welfare Recipients Getting Over $30k Per Year in Some States
"In the end, more than freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom.
When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for most was freedom from responsibility then Athens ceased to be free and was never free again."
Edward Gibbon
Source: Decline and Fall of the Roman Empire, 1909
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