👉Dollar In Freefall -- The Economic Meltdown Has Just Begun

👉Dollar In Freefall -- The Economic Meltdown Has Just Begun The world central banking system has collapsed. The banks are throwing money over their shoulders while they run for cover. In the new economic age ushered in by the pandemic, central banks around the world have vastly expanded monetary activism far beyond anything seen before. The US Federal Reserve has expanded its balance sheet by nearly $7 trillion in just a few months, and as far as anyone can tell, there is no end in sight. In the words of Fed chairman Jerome Powell, the Fed “isn’t even thinking about when it will think about raising interest rates above zero.” But central bank activism may soon be moving in very new directions. To deal with tens of millions of newly unemployed workers and the reality that entire commercial sectors are no longer viable, the banks are currently looking at ways to put newly created money directly into the hands of consumers. Against a backdrop of a weak economy, this a clear recipe for stagflation. We are the most indebted nation with the most indebted citizens. America is feeling really scummy. The country is like an Instagram post of a $20 martini that someone used their credit card at 18% interest to buy. Since the dollar is a debt instrument and there are debts galore as far as the eye can see.It is inflation that is the all too real risk . The dollar is hovering near a two year lows. M1 Money supply of the United States has increased by 64.5% since the beginning of 2020. There is no history for this. None. This would seem to be the more important medium and long-term inflationary risk rather than any technical short-term traders bounce. Of course, the dollar has lost lots of value over the decades from inflation, but soon, you'll need $20 or more just to buy a burger. I see where restaurants have been going bankrupt, and some are going out of business. When teenagers are getting paid $10-$15 an hour to flip burgers and cost $100 or more to take the family out to a restaurant, it's no surprise many are closing their doors from the virus and folks not able to afford these high prices. We're losing businesses because of all the asinine politicians on power trips' reactions to the pandemic. The whole idea is to end small businesses permanently. Get rid of all the small businesses, and Voilà! You control the means of production simply by reigning in a few big conglomerates. The Fed created crashes so that it can buy real assets pennies on the dollar. This is how the Fed owned the world. Middle-income people can't afford more taxation. We are already taxed to death at every level of government. Living costs go up double digits annually. Fed numbers are propaganda. Can't absorb that on flat or 2% wage increases for decades. People are still under the illusion that this is all not intentional. What you should be doing actually is escaping the system before it traps you forever. Get away from the cities, Money out of fiat, tiny house, land, grow food, beater car, no debt. Live free. If you don't act now, you will regret it. Remember that the Titanic started sinking slowly until it was too late, and you all know what happened. US economy is in the stage where the Titanic already struck the iceberg, and the furnaces were the first hit; 2021 will be the year we start hearing the musicians play their last song. Pretty soon you will look back and say, I can't believe I didn't buy more gold below $2000. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. The federal reserve isn't making mistakes; they know exactly what they are doing and for whom they are doing it. The Fed is PRIVATELY owned. Each move they make is to benefit their owners, not the American people! The FED knows the truth but is playing politics to deceive the public & protect the dollar globally, but it's too late to recover. This pandemic is a smokescreen designed to hide the greatest transfer of wealth ever. It's all planned; just follow the money. When the government prints money out of thin air, it's called a stimulus package. When you print money, it's called counterfeit. When the government confiscates your money, it's called taxes. When the mob confiscates your money, it's called racketeering. When the government conspires against its people, it's classified. When you conspire against your government, it's treason. When the government kills people, it's war. If you kill someone, it's murder. If you behaved the way your government does, you would be in prison. ...liberal, tory, same old story...if you vote, you are the problem... just follow the money...sadly the police protect government and enforce dreadful policy, they are one and the same. It's all fake, all lies, all planned. ALL government, central bankers – police (policy enforcers) - teachers – nurses - fire...mass education = propaganda, mind control...Sick stuff, government bureaucrats getting full pay to dance, clap, laugh at all of us.Big government, GREEDY, greedy public sector and unions.They are laughing at us daily. We need to get back to work .And NOW bloody governments is bankrupting private business globally, destroying our livelihood , while parasites in government - police - teachers get full pay?. Governments and the Mainstream media have a vested interest to keep people living in fear, stress, worry, anxiety - control, control. Stocks aren't going to save you, you think you can protect your wealth from inflation in the stock market but it is all coming down. Bonds are soon going to collapse and the dollar with it as banks collapse the equity markets. Speculators are betting big with record shorts on the long bond and the FED will create inflation by QE, rates will go higher and bonds will collapse .They want equity markets to go higher but everyone is already in. Wit record shorts on bonds they have not been able to push yields higher, and they started to short the dollar also with record shorts. the Fed is allowed to buy stocks and corp bonds, essentially nationalize corporations; theoretically, their profits would support MMT. However, it's well proven that states cannot efficiently operate ANYTHING, much less a for-profit enterprise that requires individual accountability and proper incentives across the entire workforce from C-Suites to mailroom. In the end, socialism degrades all productivity, thus profitability, to the lowest common denominator: uninspired, unmotivated, unaccountable workers killing time each day to draw their daily bread, oblivious to P/L. That's bureaucracies for you! Unemployment is rising as they push for total lockdowns, banks are not lending in this environment, stimulus and eviction moratoriums end this year, liquidity is drying up and being sucked out of the real economy by the FED. Banks using their own liquidity to supply QE. We are in a debt crisis where more debt (stimulus is doing more harm than good). Powell should have said we are destroying the economy by buying up everything. We are printing an unprecedented amount of money and creating liquidity as the lockdowns are destroying more businesses and job losses, which banks will suffer more losses on existing loans and all hell will break lose as we enter the Great Depression in 2021 or 2022. Depending on who you believe, but it is coming, and the US will crash and burn as the FED moves rates zero bound and loses control of their monetary base. Hence we are moving to replace the existing socialist Keynesian debt-based system with the GREAT RESET, which will also fail but destroy western culture and its economies in the process. The new currency will be backed by money ie gold when the dollar which is currently dying is finally made worthless due to fed induced hyperinflation. The dollar also has to crash to implement the new currency "Fed Coin". With the new digital dollar named Fed Coin, the Fed can lock down your funds and send you a note "You have not bought your daily allocation of stocks today, please refrain from any and all other purchases until your stock allocation is complete. Their plans are becoming more evident by the day & they must be looking to get the entire world rioting, people are going to lose it when they see the coming inflation. All fiat currencies eventually reach their true value, ZERO. Historical fact. History tells us that, based on what the Fed Reserve did(making promising that QE would ONLY be temporary), the federal income tax, when it was first implemented, was ONLY a temporary measure to raise money for War. But, those living back then found out how badly Politicians and their close banking friends could lie. History constantly repeats itself. Any promise made on either the Republican or Democratic side will eventually be a lie in disguise, no matter how much whip cream and cherries they put on top of it. The dollar is just another fiat currency and it will go where all fiat goes eventually worthlessness. Reserve currency status will be lost because nobody will accept the dollar as payment. The fed will continue creating multitudes of trillions of dollars and hyperinflation will ensue due to the madness of the feds QE policy. I have zero faith in fiat because it isn't a store of value so I'll stick with silver and gold and see where I stand when the dollar crashes. The dollars collapse is imminent and this scam of a debt based monetary system will be replaced with a currency, most likely digital that's backed by gold because gold is money nothing else. The gold standard worked just fine until FDR and Nixon ended it, FDR with his theft of gold and Nixon with decoupling the dollar from gold. Keep it simple. Fed printed money. Fed will continue printing money. Fed will continue to keep rates low till 2023. The dollar will collapse. Have 20 to 30 percent of your portfolio in gold and silver and 5 to 10 percent in miners. Sit back and wait. Might be a few months. Might be a couple years but in the end you will have Money whereas all friends and family who did not follow precious metals strategy will have nothing. Relax, eat well, exercise,get some sun, strengthen your immune system,breathe, enjoy life. Easy, peasy. see why we are in this mess now? just follow the money...all government, police, teachers, all debt, every day, all lies......they are ruining our lives , and they get paid to do it.The government’s primary goal? To grow and enrich itself. All while pretending it cares about you. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

The Truth about The World Currency and The Endgame Reset

The Truth about The World Currency and The Endgame Reset The west - former colonial powers and the US - has looted the rest of the world for the past few centuries. They have done so through control of the world's reserve currency (the English Pound and then the US Dollar) and use of their military. Look at what happened in China. Losing their silver reserves to China over their purchase of tea, silk, and porcelain, the British addicted the Chinese to opium and sold it to them, fighting two wars with China to maintain their 'right' to do so (the Americans piggybacked onto the British effort selling Turkish opium instead of the Indian produce provided by Britain). Read 'Confessions of an Economic Hit Man' on how the west lends third world nations enormous sums secured by raw materials. The US dollar should have lost its reserve currency status under Nixon when gold reserves dwindled. The US kept its place via the 'petrodollar' with the Saudis agreeing to sell oil only for US Dollar. The US has maintained its position only by force - eliminating any regimes that sought to change this arrangement. Up until now, the rest of the world has viewed the $US as a safe haven. Trillions of Dollars are held overseas as cash, travelers' checks (a safer way to hold 'cash' - you can replace stolen funds), and $US denominated debt. US dollars are such a safe haven that good counterfeits are preferred to local currency in places like Africa. Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

👉More than 110K Restaurants Permanently Shuttered, While Fast Food Chains are Thriving !!

👉More than 110K Restaurants Permanently Shuttered, While Fast Food Chains are Thriving !! The pandemic has hit all small businesses hard, but few have been as pummeled as the restaurant industry. And so, with great sadness we're seeing the demise of our favorite restaurants. Ten thousand of America's restaurants are expected to close in the next three weeks. About 17% of America's restaurants have already permanently closed this year, with thousands more on the brink according to a new report. The National Restaurant Association said Monday that 10,000 restaurants could close in the next three weeks, in addition to the 110,000 that have already shuttered in 2020. The pandemic did not close these restaurants. The local and state governments' response to the pandemic did. It was the Government Restrictions. This was a precision shot into the heart of the US service Industry. If you can destroy the self-reliant US middle class, you destroy the American idea of a sovereign nation-state. In comes the globalist reset. It's not only the restaurants but also other industries. Airlines are also going bankrupt, and pilots are going out of work. Before this pandemic, whoever heard of pilots having no jobs? The demand was greater than supply. And now, in just a few months, pilots are turning to janitors, deliverymen, even homeless. The Mom and Pop businesses closing are the ones that really hurt everyone and places the most, loss of history and culture. To the high-end folks, whatever, they always can move on to the next celebrity investors. The full-service restaurants being decimated, while the fast-food restaurants are finding ways to expand their business and survive amid the pandemic. Thousands of full-service, mom and pop restaurants are closing down, but fast food is thriving. The USA was already unique in its sad state of restaurants, most of which were sheety chains serving disgusting processed plastic food. I was shocked, every town has the same crap. Obviously not talking New York City or Los Angeles, but all the bits in between for sure. Now the already few independent owners will give way to even more corporate eateries that have nothing to do with food and everything to do with profit. Stealth food control. In the Soviet Union, they did not have any eateries that the common people could go to, but the elites had the Party kanteens . Get rid of the many food eateries, then control the sale of food through only the big white box stores. Next, it will be ration cards and meat once a year. China is on a diet. Food's going to be a problem next year. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Many of you have asked me where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, or Rounds. I highly recommend that you start stacking some Silver Bullion for the future. We bailed out the banks. We bail out the airlines every time they trip. Won't bail out these restaurants because they aren't too big to fail. It's not the virus's fault; it's our callous senators in lobbyist pockets. Send all small businesses broke and allow big businesses to thrive! The money went to companies run by lobbyists, friends, and banks. Very little went to people who actually needed it-hence small businesses closing. The damage done to America's small businesses, their employees, and the owners and families of both is shocking and devastating. But the larger corporations and chains got millions in assistance and tax cuts while the small businesses and the masses are given chump change to fend for themselves during the pandemic. This is what they want. They want the little guys to close up; it's political propaganda. It's wrong. My prayers to these people that are affected! The point of all this is to choke the economy into bankruptcy so some form of the Defense Production Act can be used to start nationalizing parts of the economy to keep them going producing goods and providing services. This will usher in the concept of central planning authorities that are used by the communists to control everything in China. Once we get the vaccine rolled out, you will see the press started reporting about a horrible mutation of the virus, which the vaccine will not work on, leading to more lock-downs and finally economic collapse and nationalization of large swaths of the economy. When that happens, that's when the equitable outcomes will be distributed to people that have Zuckerberg's proper social credit score. Jobs and careers in those industries will be redistributed based on social credit scores . People with poor social credit scores will be assigned to re-education camps like they are doing right now in Hong Kong. Your property will be foreclosed on to pay for your re-education, so you will lose EVERYTHING, including your loved ones. Your re-education is not planned to be successful, and it will take time for the infrastructure to come online to dispose of you. But those who do make it out will be assigned to live in a 12 x 12 room with shared facilities and next door to whatever factory/facility you're assigned to. Personal property will be foreclosed on in order to finance this nationalization with the mammonites on Wallstreet, and it will be based largely on the re-education scam, which will go by the social credit scheme to be implemented. The idea is to eventually outlaw personal property so that all property can be redistributed by the state to guaranty equitable outcomes. And now for the bad news. The bad news is that you sit by and do nothing about it. You're in a train car on your way to re-education (trains can go where roads don't go making it easy to hide your location from society so the busses you board will take you to the trains). Locked into a sit/stand position immobilized by bars over your shoulders and under your crotch; designed to break you psychologically and because you sat by and did nothing and now have lost everything including your loved ones ;you break very easily. The problem with small business owners and others is that they do not recognize the state and Federal Governments as the Enemy. These organizations now intend small business owner's destruction, yet these business people cannot see the handwriting on the wall. This leaves them complicit in their own destruction. Large businesses that are hand in glove with the state should be countered by all means available. It is not necessarily good news that large businesses will face easier circumstances. This will make them accessories and pawns of the state in its war against the American people; however, many jobs are saved in the shorter run. Small businesses should reopen, drop the restrictions, and resume business. The sheriffs of at least two counties in California are showing resistance. Calls should be made for support to such minded people, others like them, and to all others who will help to resist police enforcement of state official's commands. These outrageous and illicit decrees need to be faced down now. All efforts should be made to force these officials from office. International banker's debt-based currency system is now in the process of self-destructing. Their minions in government and financial society who think that currency is valuable in and of itself are totally clueless. They lend their support in return for poker chips soon to be worthless. The CONTROL they try to deliver the bankers is purely to let the bankers keep the assets they've accumulated from the issuance of unbacked debt while writing off their liabilities. MOREOVER, through the Great Reset, they hope to acquire YOUR assets at zero cost to them in return for...soon to be worthless poker chips. Here's how this fraud works. The Treasury writes Sovereign Debt, which is collateralized by YOUR ASSETS. The Central Banks book the Sovereign Debt as an ASSET. Then they create a Liability entry equal to the face value of that debt. They provide the debt to cronies (Primary Dealers, Blackrock, et al.) who receive zero risk wealth in the form of fees for the service, which have magnified value due to the Cantillion effect. No currency is created to pay the interest. The government provides the currency to an Army of contractors and cronies at inflated, often plainly fraudulent prices, in return for 'Services' which are often wholly fictional, who live in locales close to the Capitol. Next, the government taxes you so they can pay interest on debt underwritten by YOUR ASSETS, which does not benefit YOU. As soon as the first debt payment is made, the bankers buy tangible assets with it. Before 2008 they rolled it into new loans at leverage equal to their maximum allowed fractional reserve ratio. But since 2008, they've known the scheme was done and have focused on buying all the assets. Because no currency was ever created to pay this interest, it means the balance of the debt, collateralized with YOUR ASSETS, is henceforth unpayable because there does not exist enough currency with which to pay it. So, the government issues NEW SOVEREIGN DEBT to pay the OLD SOVEREIGN DEBT, still collateralized with YOUR ASSETS and not issued for ANY BENEFIT TO YOU. This results in a compound interest rate on the debt secured by YOUR ASSETS. Today we are at the inflection point where the amount of NEW debts to create enough currency to make the OLD debts + Interest payable becomes infinity essentially. That is why the system is collapsing. That is why each new issuance of new currency is a multiple of the one before - because the compound interest on the original debt is growing at an exponential rate as compared to the value of the collateral, due to compound interest as a result of multiple refinancing's. The bankers have proposed you simply give your assets to them in return for a BUI that consists of more currency, backed by nothing, in return for PERMANENT SERFDOM. It is nothing but a wealth transfer scheme from everyone who works to a tiny minority of bankers, government, and finance cronies. This house of cards can only be kept afloat with more stimulus. Every six months or so. We are teetering now if something massive doesn’t get done. Which most likely after 1/20 it will be. There is no turning back on this policy. This is all part of the Great Reset, which using lockdowns and the pandemic destroying as many businesses as possible to bring the population to their knees both financially and psychologically and then roll out their New World Order where only a few large box stores and some online like Amazon will be allowed to survive. They then plan on rebuilding the economy using the Green Agenda. It is interesting how some entities like the BIS, WHO, CDC, and the banks all act like they are surprised and giving warnings when, in fact, they are all part of the cause. This second wave is to finish off the remaining small and medium-sized businesses and some large ones which are also targeted to be destroyed. Banks, wall street, big business, etc. all backing this, and now they are ranting that we need to implement the Great Reset. Now they are realizing the true agenda, and one part of this is no need for banks as private debt is canceled, ownership of assets transferred to the UN including excess cash or liquid assets, forced vaccinations, no need to borrow or banks to lend nor to deposit money as it will be on your smartphone with Big Tech getting a piece of every transaction, UBI replacing former incomes and existing pensions which will be much lower than the former with reduced disposable income and reduced GDP, massive tax increases also reducing disposable income more and reducing GDP more, loss of freedom and of course the destruction of financial markets especially equities as Schwab's Stakeholder Economics " uses revenue for social and environmental causes instead of reinvesting for growth and dividend distribution. This is what the Great Reset is all about — altering the entire system because it is about to collapse anyway." "If there is to be no debt, then you do not need banks!" As the existing system is collapsing and they try to roll out their Great Reset, the WEF will fail and destroy western culture and its economies with it before being stopped according to the models at AE. The globalists no longer care to hide anything as it is all in our faces, but they still have no respect for themselves or us as they lie 24/7 taking western culture and its values down with them. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

👉Dollar Cratering The Economy Collapsing Unemployment Exploding Worse than the Great Depression

👉Dollar Cratering The Economy Collapsing Unemployment Exploding Worse than the Great Depression Record high unemployment, debt, lies, pandemic deaths, and the market to the moon. The stock market is NOT the economy. The FED is a dealer, and we are witnessing the hallucinations of prosperity. And Just like everyone calling for higher interest rates, the FED will turn us into Venezuela before that is ever allowed to happen! Hotels, Airlines, sea cruise operators, dining-in restaurants, car rental outfits, among others, face a new bleak reality future. Nothing the Fed can't fix with more electronically printed money. Top-down, centralized control of our economy, food production, and Fake Money robbed most Americans of their dignity, health, and real inflation-adjusted income. The deficit is gone out of control;$3.13 trillion this year if we're lucky, and that's just the budget deficit, not what's added to the national debt. Never mind what's been added to the Fed's balance sheet. Unlimited money-printing. The balance sheet is now TEN TIMES what it was in 2006. That's enough to crater the dollar in a rush for the exits as confidence melts down. Don't be distracted by the more complicated measures of money. The Fed has absolute control of only the balance sheet, so it's the rheostat. There's a delay between what happens there and the ultimate consequences, which can misdirect you. But the collapse can be far greater than the inflation factor, such as it was in the Weimar hyperinflation - when confidence collapsed. Yet even if the Fed stopped printing, or even shrank the balance sheet, the empire is still doomed. Default would ensue, and the banking system would collapse. There's no longer any painless way out of this. The dollar is in a death spiral, and it is accelerating as of the making of this video. Freefall is an understatement at this point. More debasement of our fiat currency. Prices will rise as more fiat chasing the same amount of goods. More inflation and the death of the dollar. The Fed would pursue a suicidal destruction of the purchasing power of the dollar just to boost stock markets and billionaires. The published unemployment data today is meaningless. Officially the initial claims dropped this week to 712k, and Over 20 Million Americans Remain On Unemployment Benefits. These unemployment figures are ridiculously low. 3M just fired 30,000. And Southwest Warns Another 7,000 Workers About Potential Layoffs. Twenty million is just the number filing. A much larger number are no longer eligible to claim. After six months, you are no longer considered to be looking for work even if you are. You just vanish into thin air and never get counted again. If you want to understand the real unemployment numbers, try to get a good job. Remember that people are kicked off of unemployment rolls and become the shadow unemployed. The percentage of those not in the labor force likely at an all-time high, beating out the Great Depression. Only about 25% of the nation is employed right now. 25% holding up the rest of the country. The US employment participation rate is 61.7% for October 2020 (they haven't told us November's figures yet). With 215 million eligible workers, that leaves 83+ million unemployed, AND out of that, ONLY 20 million are getting help, and the true unemployment rate is now 38%! There are over 80 million who are unemployed, and that does NOT include the self-employed small business types.NOR does it include the bloated U-6 Unemployment number. The Jobless claims would have been higher, but MANY Retail employers are waiting to SMOKE ALL their holiday temporary employees and ALOT of regular employees on December 26. The CARES Act ends this month, More devastation for the people. Sadly, the spin merchants today are employed to disguise and hide, not to inform. The Fed estimates that the wealthiest 10% of Americans hold more than 88% of all available equity in corporations and mutual fund shares (with just the top 1% controlling more than twice as much equity as the bottom 50% of all Americans combined). This is the largest everything bubble in the history of the world. This is a catastrophe for the American people. Corruption and greed drive it all. That's what runs through the veins of the typical power-hungry politician who will throw anything under the bus to further their agenda. Rules do not apply to them, only to the people they fail to represent. Technically, eventually, the jobless numbers have to go down! We are running out of jobs to lose! This is The Greatest Depression. In the long run, QE was self-defeating, using tax money to pay employees rather than growing the business. Growing a business creates real wealth. QE consumes wealth. The dollar doesn't mean anything once it's absorbed by a one-world banking system brought about by the great reset. The Billionaire class will extract even more power, control, and influence with their digital cryptocurrency that will replace the US Dollar. The Great Reset will be conducted on behalf of the aristocracy. This Great Reset is a slow process of Thinning out the Herd. This is way worse than the Great Depression. America is toast people. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to click the like button. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. Broke desperate debt slaves line up for your shot; we promise you will be happy. Merry Christmas and Sad New Year, Welcome to the Apocalypse. Twenty million unemployed will be considered the good old days in 2021. As the economy will be crushed by heavy taxes, regulations, and lockdowns. The Green New Deal will force energy companies to go out of business, and the cost of electricity will skyrocket. Onerous taxes & regulations will suffocate the ordinary people and smother business expansion. The private sector will be crushed. Nearly all new jobs will be government jobs. The economy will have to be propped up by trillions of dollars of government spending and money printing to the joy of Wall Street. Depending on the government for nearly everything will become the norm. Only compliant sheeple will be employed. This is what happens when we have an administration who starts helping from the top down and leaves office, having only the top being helped. And using the federal reserve inflated stock markets as his scoreboard. Billionaires got richer as food lines got longer. We need a president who will start from the bottom and work his way up. Raise those who are below the poverty level, get the homeless off the streets, make it easier for Americans to start a business . Start from the very bottom, and move up. Not from the top down. The rich can take care of themselves. The poor can't. They are not as fortunate as the rich, most of who were born into millionaire and billionaire families or who weren't fortunate enough to be presented with opportunities that many people had presented to them. Corporations got everything. Tax cuts from 35% down to 21%, the federal reserve is buying up all of their stocks and bad debt, and if they dilute their shares of stock by issuing more shares to raise capital, their stocks go up instead of down since the fed will indirectly buy up all-new stock issuances. And what does the main street get? Shutdowns! The Empire is currently run by self-serving politicians that would step on their own Mother to make a dollar. So yes, they will sacrifice the dollar to keep the billionaires happy as long as they personally make money in the process. The dollar is already on life support. This is now the slow-kill bleed phase. Our elected officials care nothing about the people or the nation. That has been the case since politicians were invented. Small businesses and the self-employed have been hung out to dry. And yet trillions upon trillions are being spent (embezzled). Huge doesn't even come close. Rich people don't care about the unemployed. They just need slaves. It's always been that way. There would be more money in people's pockets if Americans bought more stuff made by Americans. More people would be employed. Families would be more intact. There would be fewer Johnnys and Jills living with their parents. But keep in mind many "iconic American name brands" are little more than fronts for overseas manufacturing. Keep in mind also how much money is paid per month just for staying connected and the various digital and internet services. I saw a cell phone service advertisement that suggested the average family paid $153 per month for the cell service. Do some math with the assumption that millions upon millions of families pay these amounts - or more and again PEER MONTH. My gosh, that's billions every month going to largely be unproductive. That's billions not going to employ people to make shoes and other clothing. The design jobs and high end associated skills in so many cases have vanished. Imagine the economies that could be rebuilt if Americans changed their own buying habits. They have the fix to their problems in their hands. If they would only make efforts to make things better, things would slowly improve. Living on credit has become the American way. Here is the thing people forgot. If you go deep into debt and live paycheck to paycheck, you can lose everything in an instant. Even if you keep your job, you are a slave because you can't afford to walk away. If your employer says you mask up, take a vaccine, travel on a crappy airplane, go to a dangerous city, whatever, you must do it. Debt is slavery; spending beyond your means takes away all your options. It's easy to live the good life on credit and push all the garbage you generate to the next generation to fix (ravaging climate, mountain of debt, crumbling infrastructure, degraded education system, eroding public services, weakened global position as allies distrust/abandon us, and on and on). When parents live on credit to have the "good life" while trashing up the house they will bequeath to their kids.A shack littered with poison and garbage for them to clean up and a mountain of debt to pay .It's nothing to be proud of. Most people who lived through the depression became lifelong savers after that. The Fed doesn't address the debt load. They have no way to kick the can except to print more. Zimbabwe springs to mind. They are now in debt forever. They will be working for peanuts on a mouse wheel chasing fiat. If it cost nothing to print, it's worth nothing in reality. The paper billionaires could evaporate in a matter of months if a black swan swims by. It is not an exaggeration to say that the ability to create money out of thin air and trade it for real-world goods is the foundation of America's global power. The Fed doesn't create money; it creates bondage for the masses, and yes, the Fed will destroy the dollar through hyperinflation. They'll simply create trillions of dollars until the dollar is worthless. Only nature can create money, and the value of that money will rise exponentially when the fiat currency implodes. Gold and silver won't have to be measured in terms of dollar per ounce; because both silver and gold are money in and of themselves. All the while, the serfs will be indulging in hyperinflated sheet paper. Wonder how long it will take before they realize it's worthless. Paper money is for poor people; rich people have assets. Rich people don't care if money is devalued because virtually all of their wealth is in non-dollar items. Poor people think of wealth as almost synonymous with dollars because dollars are about the only thing of value they own. Devaluing the dollar will hurt these people most of all. The dollar expires worthless someday; it's just hard to know when. Money is a poor man's currency. Hard Assets and Control is the currency of the Elites. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have donated. Stay safe and healthy friends! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

👉$908 Billion New Bipartisan Stimulus Deal -- Inflation Tsunami will Slam America !!

👉$908 Billion New Bipartisan Stimulus Deal -- Inflation Tsunami will Slam America !! The worst pandemic in 100 years, small businesses shutting down everywhere, americans draining their life savings away, americans going hungry, and dying from this horrible virus. And what is Congress doing? Refusing to help unless they can fold in goodies for their political cronies and donors. The only help they provide is for corporate America, Wall Street, and the Big Banks. It is an abomination. A Bipartisan, bicameral group unveiled a $908 billion stimulus proposal on Tuesday in an effort to break the legislative stalemate as the virus surges throughout the country, CNBC reports. It aims to address the expiration of key economic aid programs, including an unemployment insurance extension. Great, more Monopoly money. That’ll fix things—anything to keep power and help the rich. This time however, the country is close to bankruptcy. Hyperinflation and revolution, here we come! It's going to be a REAL DARK WINTER for all of 2021. Why don't they send stimulus money directly to people and small businesses? The last two bills did almost nothing for American citizens. They were focused almost exclusively on corporations. No stimulus checks, but corporate protection to allow for the abuse of their employees. Also no tax breaks/ credits for front-line workers. With this bill, 90% of the money goes to corporations, big businesses, and the government. Say NO and let your Congress Critters know where you stand.Our economy is consumer-driven, and the longer they wait for a stimulus bill for the people , the longer it will take the economy to return to normal. Money should be giving to the PEOPLE. Directly to the PEOPLE. We will pick the winners and losers. And yes, many of the big corporations and big businesses have a chance of failing. So be it. Let them use up their capital like the people are having to. This is a bipartisan bill bringing the same ole thing. They simply dropped the total amount. A corporate bailout is not going to help, and big business knows that. They can’t move their stock without someone to buy it. The pandemic is the straw that broke the camels back! THE HAIL MARY! AIRLINES DONT NEED HANDOUTS THAT IS WHY WE HAVE EQUITY MARKETS! But politicians are investing in equities, so they need to do what they can to help. Their timing is impeccable by the way.They could all run hedge funds—very smart people. Locking down entire districts, preventing people from earning a living, and allowing them to be thrown into the street because they are financially ruined by government action is Tyranny. At the end of December, millions of Americans will lose unemployment benefits. Plus, landlords can resume evicting people. 17 Million Americans are already behind on Mortgage or Rent Payments. People will have nowhere to live and nothing to eat. If instead of bailing out Corporations, every American could have received $27000 in Christmas. This bill does zero to the people. Next comes foreclosures on homes. Already across the nation massive lines develop at food banks every day. If corporations ARE people, they should use their savings to weather the economic storm,just like all the other people have to. Or maybe they could get a 1 time check for $1,200 to pay rent for the next 6 months. If the government would just stay the hell out of everybody's business, then a pandemic relief plan wouldn't be necessary. The only entity that needs to go out of business is the government because that alone would contribute to freedom and liberty more than anything else. We don’t need more stimulus ,we need less handouts. This bill is nothing but a state and local government bailout. A vote harvesting by the politicians. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to click the like button. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. Congress should have required businesses to file for bankruptcy protection amid the pandemic versus just throwing tax dollars in the form of forgivable loans at them. Chapter 11 allows businesses to continue to operate. All of this money being thrown at businesses goes straight to the national debt. It's the individual taxpayers who make the payments. Even more strange, this new proposal completely ignores stimulus payments to individuals. There are no longer any market forces at work in the US . Those with access to the unlimited free money Use it to buy the assets of those without access to free money. The Fed prints trillions and it flows to the canyons of Wall Street and the middle class is on the hook for the debt , because too big to fail means just that . Graft soaking the taxpayers again.The elite are leeches sucking off the blood of your fellow americans. The pace of all this money,all this money. This is YOUR slavery, your chains, forming in real-time. All this money doesn't come from THEM. It doesn't come from the hoarded treasuries of royals or the bank accounts of old money. It doesn't come from the Philanthropist and Billionaires. Nope. No way. But all of them have some way of being involved in the causes or the skimming of funds. No, all this money comes from YOU and generation after generation after you. This is your slavery - and that of your children and their children and their children (if they are allowed to even have any). "If there's a new way. I'll be the first in line. But it better work this time". This is the road to serfdom:Create a problem, get the desired reaction and offer a solution they can't refuse. FEUDALISM IS THE NAME OF THE GAME. They want us off of their land. States need to pass Mortgage Knockdown Laws Again Pump and Dump Federal Reserve at work. Consolidation of all Property into Feudal Estates is the Name of the Game. Banks have zero money loaned out. 99% is Bank Multiplier Money from thin air. The average age of farmers is near 60 and around here there are plenty in their 70's and 80's. Many of the farmers want to retire but can't because they sent their kids to college, and the kids refuse to take over the farm. They would rather hang out in the big city with their clean air-conditioned desk jobs and the most important thing the social life. Even if they get laid off, as many are as things change, they won't go back to the farm. All societies show pretty similar symptoms when close to death. Massive corruption, huge wealth gap, money debasement, etc. If western society was a sick old dude, the doctor is telling us to get our affairs in order. We already have a 4 trillion dollar deficit this year and they want to add another 3 trillion. We have increased the National Debt by 36% , and we are about to kill the dollar with inflation. 908 trillion dollars is apparently a drop in bucket for Wall Street. Billion is the new million. Soon a trillion will be the new billion. Quadrillions may soon be talked about like nothing could be more normal. We are being Weimarized, collectivized. Hotels and motels and restaurants are to be devastated further this December as CNN/AT&T calls for a cancellation of Christmas. All private businesses soon to be boarded up. All soon to be sold to the waiting vultures for pennies on the dollar. No travel for Christmas 2020 .No family gatherings. Gavin Newsom to further kill Christmas starting today for 40,000,000 Californians, has forbidden anyone from traveling over 150 miles or they get a mandatory quarantine. No over the hill to Grandma’s. When the Lockdown dust settles, the usual vultures will fly in to buy up all the real estate, the bankrupted privately-owned Marriotts and Cannery Row restaurants, pennies on the dollar - just as they did in banker-destroyed Weimar Germany. And we demonize and laugh at the Germans. For what? For being victimized? He who laughs loudest this time laughs last into a silence scream - forever. i weep for my country - this once miracle bastion of freedom on earth. this cornucopia of goodness and plenty being stripped to the bone. Extinguished! How I loved her. God forgive us our stupidity. The Elites habe to destroy the US to achieve their NWO. They need to disarm the citizens and finish off the constitution. But the financial destruction will happen like many times before. Create inflation, they control the currency. Let it crash and buy all hard assets from the people for pennies on the dollar while the economy is imploding. They will get extremely rich on the way down. The rest is losing everything. It seems like an economic meltdown is not far away anymore. They need to cover up their deeds. Super-rich have super power. They own virtually EVERYTHING! The Super-Rich love inflation and the money-printing that generates it. They always get first use of money. Newly printed money becomes less valuable over time so the first users always get max benefit from it, as they spend it inflation rises making it less valuable, by the time it eventually trickles down to main street it's worthless. Why do they want Inflation ? Because Sale are down people in the street have very little money . SO, they will Gouge the people and Call it Inflation. to get what's left. Works for them all they do is lie and steal from us anyway. Globalist Wall St. investors are making more money now than they ever have by way of Grand Theft. Just sell the inflation angle. is their new battle cry, Regulation and Law enforcement is under their thumb. Inflation is Totalitarian Control, EVERYWHERE! (It's like taxes, to devalue what you earn!) They love inflation because it makes the poor poorer and the rich richer. It's only possible due to fiat currency, which will inevitably, eventually, historically, collapse. No wonder the super-rich love MMT, money-printing and Keynesian giveaways of freshly printed currency - inflation makes them richer while it makes everyone else poorer. The uber-rich love inflation, not because it crushes the poor --- who always get government checks and government freebies --- but because it crushes, erases, and deletes the middle- and working-class. Inflation reduces purchasing power of those who work for their money. Inflation doesn't do too much to the free money the poor get from the government ... the overnment just indexes the free checks to inflation/CPI anyway. KILL THE MIDDLE AND WORKING CLASSES. THAT'S WHAT IT'S ALL ABOUT. CLASSIC 3rd-WORLD: a few at the TOP, everyone else at the BOTTOM ... NO-ONE IN THE MIDDLE. And when all this stimulus and moratoriums end, the dung's really going to hit the fan. I expect 2022 will become hell on earth, both in the markets, and in the economy that will follow. I'm sure that's what their plans are. Creating the greatest stock market and economic collapse our world has ever seen coming in 2022. Starving Americans made jobless by the pandemic facing eviction for the holidays, and Congress goes on vacation until next year. Have a Holly Jolly Christmas! This Christmas, don't forget to give money to foodbanks if you are financially able. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have donated. Stay safe and healthy friends! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

👉The Truth About The Great Reset -- The Great Reset vs. The Global Awakening !!

👉The Truth About The Great Reset -- The Great Reset vs. The Global Awakening !! The Truth About The Great Reset -- The Great Reset vs. The Global Awakening The great reset is the logical evolution of our system. No more money; everything will be data. The idea of it might be utopic, but once the economy crashes for real, there will be changes. The elites want total rule over the population. A totalitarian nightmare. Whatever else the World Economic Forum comes up with to humiliate us, serfs, in the name of the so-called: sustainable development. The harder they push, the harder we have to push back. We have strength in numbers, and it's encouraging to see so many people stand up against what is so obviously a push for more control over the citizens. Keep fighting because without freedom, we humans are nothing but cattle waiting to be butchered. We are now standing in the face of the greatest historical confrontation humanity has ever experienced. I do not think that the wide circle of the American Society realize this fully. We are now facing the final confrontation between the good and the evil. We need to stand up and say no to those rushing to steal our rights. The subject of globalization is made up of many threads interwoven in a complex way. The discussion often extends into several issues and is not limited to free trade. Other social concerns also feed into the mix, things like immigration, human rights, global warming, nationalism, inequality, even population growth. The political impact on all these issues, in the end, affect how countries view the world and their foreign policy. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to click the like button. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. One thing is certain. Regardless of who is president, the printing will continue until the dollar breaks. In other words, the 5% and up will become even more fiat wealthy. Equity markets will explode with the deluge of new money. Expect more state capitalism, “a political system in which the state has control of production and the use of capital”, i.e., prepare for a command economy, “an economy in which production, investment, prices, and incomes are determined centrally by a government.” I.e., the Government will engage in credit allocation. This is a de facto bailout without a single vote in Congress. It’s taxation without representation. I have no say in what goes on in New York or California, but my Federal tax dollars are to bail them out? It's Magic Monetary Theory. They print it. They get it. And your damns. Count for nothing. Nothing. They're going to spend the $5T bailing out banks, stocks and pension funds when the real estate market crashes again with the coming wave of foreclosures and evictions, and no buyers/renters to take their place for a while.The stock market needs more debt to climb further.Keep the supernova injections coming. Maybe 2021 is the year of MMT. $1 trillion ain’t what it used to be. Everybody gets a trillon and a taco. And time to pay next Tuesday. Remember the good old days when that first jump to a trillion seemed mindboggling. This is a downward spiral. Fed injects liquidity by expanding the money supply, this makes prices increase, and costs rise, creating demand for additional liquidity. Some corporations are too big to fail. They cannot afford to fail them. The system is too corrupt. If an airline company doesn't have any customers, it should go out of business. Instead, they are getting money from the government so they can stay afloat. Every new fiat dollar created makes all the others worth less. One day you wake up and your fiat is worthless. If you were to retire tomorrow and had been saving your dollars since you were a teenager (40yrs or so) then those first dollars are now worthless. In the long run you are much better off not holding fiat but some other asset class. What this is, is a drastic increase in the rate of enslavement. They print it from thin air and we now work until were 90 to pay it back. kill velocity by shutting down the economy. - pump in trillions. - get angry when it doesn't circulate because there is no velocity - pump in trillions again. - get angry; it's not working. - pump in trillions again. - economy Veeeeeecovers, velocity picks up. - uncontrollable liquidity deluge when excess trillions suddenly start circulating causing velocity to spike cascading trillions in liquidity into quadrillions. All this high finance with fractional reserve banking and fiat currency seems like rigmarole. What seems significant to me is that the government can issue debt to raise cash that it's not allowed to spend. So it just sits there doing nothing except accrue interest that Joe taxpayer is on the hook for. What a revolting development. Just do it the way Americans do it. Open another credit card and pay your debt with more debt. Problem solved. Money is created as fictitious debt, and alongside every bit of money, an equal amount of real debt is also created. Historically, this method of creating money has repeatedly been made legal for one reason: to increase the power and wealth of those who already have power and wealth. Whenever the method has been made legal, it’s led to a decline in civilization, as elites get more remote from the work that makes them rich and less conscious of the effects their affluence has on the world. This happened in Mesopotamia, in ancient Athens, in ancient Rome, the Italian city-states, England, the USA – and today, it’s happening across the world. This method of creating money finances the acquisition of businesses, goods and claims by profiteers. It powered colonialism, and now it powers growing inequality. Not only does the method create huge debt, it also gives wealth and power to people who only care about getting more wealth and power. Such people tend not to care about the consequences of what they do; they are the worst people to have in charge. As for most of us, the method is like a magic trick: it is so easily concealed that reform never becomes a priority. To explain: money today is debt owed by a bank, which it will never pay. We think banks pay out cash, but cash is also fictitious debt – in this case, from the government. The system is a collusion between government, banks and plutocrats. (Marxism is only different in that governments monopolize completely the power and the profit which the system supplies.) There is no need to create money this way. Money is abstract property, a token of value recognised in law. That is its very essence, which gives it a uniqueness as a kind of property. The laws which make this method possible may not be as obviously unjust as laws that authorize slavery (for instance) but they are every bit as destructive. As well as creating widespread debt and inequality, they fundamentally cripple any hope of real democracy. The world is given over to money making for a few, rather than to the creative sharing of many (among whom are huge stores of goodwill that go to waste). If we want to survive, we should reform and create money in a fair way. It's all the smokescreen for the Great Reset where you own nothing, what you need will be brought to you, there will be no privacy, humans merging with machines, but they say we'll be much happier. The Globalist Elite and US Political Elite have been trying for some time to do a Global Reset. They want to fashion and mold the Globe along the lines they believe in; screw what the vast majority of the people want, its what the so-called Globalist Elite want. They don't care about us, they care in their own POWER and Growing Wealthier, BIG TECH, AMAZON, Walmart and etc. are a part of this Global Reset. The Power That Be are pushing people into trackable cryptocurencies. They're using this Pandemic as a means to get Power and never let it go again. They want to curtail our freedoms, they are tyrants/dictators/control freaks. But, they will cause civil unrest and resistance to their plans and power Grab. This ends badly and the next few years will be tuff. The Globalist and US Political Elite must be Defeated. We did not even have good record keeping , and ten million plus ( I expect more ) died of starvation here in 1929 depression . Bankers just control the bubbles. Forcing FDR to enter World Wars Just we get munitions contracts, to rebuild. Get the government out of the way and the creative/productive forces will have this mess pretty much straightened out in a year or two. The problem is, they're not going to do that. They want the government involved in micromanaging everything. This was one of the major goals of this crisis. The economic collapse was engineered to bring in the Great Reset and an end to free-market capitalism. The pandemic panic was used as the catalyst. This precedes the phasing out of billions of people by preventing them from having independence or having children. I'm not sure you would even want to, at this point. The world is heading in a very, very bad direction. You could still make independent choices. You could still work hard and create the life you wanted. That's not what they want. They want to phase you out. They're going to put you in coffin apartments, toss you some crumbs in the form of UBI, and wait until you die childless. It's soft kill. If you listen to what these elites say, you know this is what they want. The world is overpopulated, global warming, a new form of pandemic means we must have a new normal, etc. The pandemic is the excuse for the new normal they wanted all along. This was all a set up. Humanity is in the process of being enslaved. The Great Reset is a totalitarian takeover of humanity, where all aspects of our lives will be controlled by technology. The Fed is a private bank with secret owners. The Fed is making a profit off the mess they created! Just as the Fed killed private savings accounts, they are killing the bond market (both for their profits). After the Great Reset, these titans plan on owning everything and renting you air to breathe. This tumor needs to be excised. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have donated. Stay safe and healthy friends! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

The coming Hyperinflation will Destroy The Dollar

The coming Hyperinflation will Destroy The Dollar Let's start with a little bit of History. In Weimar Germany in 1921 the people saw the Deutsche Mark decline day after day, so to protect their wealth and purchasing power they bought up consumer goods and hard assets like stocks and real estate like crazy. The hyperinflation in Weimar Germany happened very quickly. The exact same thing is happening today in America!! That's why stocks are at all time highs. People need to ditch dollars and are gambling buying stocks and bitcoin. Once Biden takes office, the budget will explode and the dollar will tank even further. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. Ludwig von Mises. Well yes when you create trillions of dollars eventually those dollars become worthless this isn't difficult. The world will lose confidence in the US Dollar and reserve currency status will be lost and hyperinflation ensues, game over. It’s already started.The fed can’t afford to lets interest rates rise much due to the massive amount of national debt. It’s only going to get worse over the next few years. Of course hyper-inflation will follow at some point. I’m sure some smart money is investing in hard assets. IE farm land etc... The U.S. Dollar Is Being Systematically Destroyed, And We Are On A Path That Inevitably Leads To Hyperinflation.And once hyperinflation hits it will be quick and devastating to our livelihoods. You will see massive shortages of goods. Shelves will be empty. The only way to get back a stable dollar and restore confidence will be to go back on the gold standard and implement a balanced budget amendment. If we keep treating the U.S. dollar like it is toilet paper, it is just a matter of time before our entire financial system goes down the tubes. At this moment, the dollar is still the primary reserve currency of the world, and the fact that we control it is an absolutely massive advantage for us. Because the rest of the globe uses dollars to trade with one another, that creates a tremendous amount of artificial demand for our currency, and it keeps the value of our currency elevated at a level that it much higher than it otherwise would be. But now that we are starting to act like the Weimar Republic in their heyday, it is only going to be a matter of time before everyone else on the planet starts abandoning the U.S. dollar in droves. We are literally killing our “golden goose”, and most Americans do not even understand what is happening. The remarks that John Williams made about hyperinflation during a recent interview with Greg Hunter have created quite an uproar, but the truth is that Williams is right on target. We are on the exact same path that Zimbabwe, Venezuela and so many others have already gone down, and the very foolish decisions that we have been making are only going to end in complete and utter disaster. To illustrate what I am talking about, I would like to direct your attention to what has happened to M2 during this calendar year. For those that are not familiar with M2, here is a definition that comes from Investopedia. M2 is a calculation of the money supply that includes all elements of M1 as well as “near money.” M1 includes cash and checking deposits, while near money refers to savings deposits, money market securities, mutual funds, and other time deposits. These assets are less liquid than M1 and not as suitable as exchange mediums, but they can be quickly converted into cash or checking deposits. If we keep doing this, we won’t be facing a major financial disaster years from now. Rather, it will just be a matter of months before the wheels start coming off. But our leaders do not have any intention of changing course now. During 2020 the Federal Reserve has been pumping money into the financial system at a rate that we have never seen before, and they have indicated that they plan to continue to support the financial markets as we head into 2021. And Chicago Federal Reserve Bank President Charles Evans just said that he expects that interest rates could continue to be pushed all the way to the floor “perhaps into 2024”. Chicago Federal Reserve Bank President Charles Evans said Monday there is still “quite a long ways to go” for the U.S. recovery from the pandemic crisis, adding that he expects the Fed to keep interest rates at their current near-zero level until perhaps into 2024. Of course the federal government is going to continue to pump out “stimulus package” after “stimulus package” no matter who is in the White House. This is a point that John Williams made very strongly during his interview with Greg Hunter. Because they has been so much damage done to the economy, Williams says there will have to be stimulus no matter who eventually makes it into the White House. Williams contends, “Let’s say Trump gets re-elected. He’s not going to have any choice but to increase stimulus to try to help the economy and help people. If Biden takes over, he’s going to have to do the same. He is already promising massive stimulus. Where it gets really scary is if the Democrats can take control of the House, the Senate as well as the White House. The stimulus there is going to be unbelievable. The more radical Democrats will just print the money you need and spend whatever you need to spend it on, and don’t worry about it. Whoever gets into power, there is going to be more deficit spending. It’s just a matter of how radical it will be. There is no way we are escaping massive stimulus for at least the next year and into 2022.” Virtually everyone likes getting “free money” from the government, but you have probably noticed that the price of just about everything has been going up lately. And this is just the beginning. According to Williams, we are literally on the verge of a “hyperinflationary Great Depression”. Williams expects to see some very large inflation because of all the stimulus coming and predicts, “The more left we go, the more rapid will be the demise of the dollar. Eventually, it will be a hyperinflation in the United States. What I am looking at here is this evolving into a hyperinflationary Great Depression. To save yourself, you have to preserve your wealth, your dollar assets. To do that, you have to convert your dollars into physical gold and silver, precious metals and just hold them. They will retain value over time as opposed to paper dollars that will effectively become worthless. You’ll be getting a lot of money from the government, and they will keep giving you more and more and more, but that’s going to be an environment of rising and rising inflation. It’s not necessarily going to buy you more. Hyperinflation will bring political disruption. Hyperinflation is a form of default. Gold is telling us hyperinflation is straight ahead of us.” Needless to say, what Williams is saying is perfectly consistent with the warnings in my new video. To protect themselves, a lot of investors have been pouring money into gold, silver and other precious metals. At the start of this year, the price of gold was sitting at $1,520.55. As I make this video, the price of gold is at $1824.00. And actually the rise in the price of silver has been even more dramatic over the course of 2020. Gold and silver will almost certainly keep rising as the value of the dollar continues to be destroyed, but even those that invest in precious metals are not going to win in the end. Because the truth is that the complete collapse of our financial system is not going to benefit any of us, and there is going to be no way to avoid such a fate if we keep going down this very dangerous path. This was The Nomad Economist . 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! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Warning : Amazon is not your Friend !!

Warning : Amazon is not your Friend !! There's an old saying: Never waste a good crisis. Well, Amazon CEO Jeff Bezos, the world's richest man, isn't letting the pandemic pass without wringing all the juice from the lemon. With Americans increasingly relying on getting their medicines via mail to avoid getting exposed to the pandemic, Amazon is getting into the pharmacy business. Amazon Pharmacy is a business threat to major players in the pharmacy retail business. Amazon is a great company... Well that's what I thought.. Until they treated their workers poorly and sold 3rd party sellers data to use to make their own brands. Much of Amazon's success flows from our government backing and subsidizing it. Bezos did not go big-time until the CIA and USPS started backing the company which put other companies at a great disadvantage. Yes, the online thing was a new way of distributing goods that opened new markets but this is a horse of a different color. Amazon is a monster that with the help of our government exploits America and continues to engulf and devour its competitors. Of Amazon, we should be afraid, very afraid! Amazon is a job-killing exploiter. The fact is that many of the options Bezos employs to expand Amazon are available to him only because of the many areas his various companies engage in, this is the crux of growing antitrust talk. Jeff Bezos did not purchase the Washington Post in 2013 because he expected newspapers to make a lucrative resurgence. He purchased the long-trusted U.S. newspaper for the power it would ensure him in Washington and because it could be wielded as a propaganda mouthpiece to extend his ability to both shape and control public opinion. The ownership of the Post dovetails with Amazon's role working with the CIA. The Washington Post is without a doubt the most pro-establishment among all large mainstream publications, not only do they defend the narratives of the Deep State but actively attacks anyone who challenges them. This includes both President Trump and Bernie Sanders, both are on the record for having criticized Amazon. This is also part of the reason the USPS continues to be allowed to grant Amazon special treatment by delivering its packages on Sunday and even on major holidays, the USPS has sold out the rest of American businesses for a few dollars in revenue. Ironically, the thing many people on both the far-right and far-left can agree upon is Amazon is not our friend. Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

👉Banks in Trouble, The Big Squeeze coming -- No Vaccine can Stop The Great Reset !!

👉Banks in Trouble, The Big Squeeze coming -- No Vaccine can Stop The Great Reset !! World Economy In Worst Recession Since the Great Depression. The Nasdaq chart has gone parabolic, and double-dip recession fears are surging. A second pandemic wave is ravaging. The Fed has an excuse to do another round of QE or a variation of it. The economy is in big trouble. The people have no money. The banks are failing! We're Broke as we watch the world markets collapse. But the banksters never seem to be hurt. The central bankers, wall street, and hedge funds, and the other wealthy elites are in control and hold 99% of all the capital. MMT guarantees massive financial asset inflation. Asset markets have detached themselves from reality. If we just called it the Big Casino instead of The Global Economy, it would be easier to understand and probably more honest. The casino is pretty accurate; they shave off a little at a time over the years whilst convincing you that you're a winner. Fake stock market and really pissed off people. The saying goes, "the house ALWAYS wins," yet the hobbits still go back to the casino every chance they get. Most people ARE NOT working; most ARE broke!!!! But corporations are going like gangbusters while America burns to the ground. So they introduced the lockdowns in order to siphon wealth from small businesses into the stocks. The economy will never return to normal without a mega crash. Crash the Global Economy; however, the elite makes their bucks by foreclosing on you and me. Delaying the inevitable just worsens the pain. Just look at that NASDAQ chart! It looks like the Mother of All Parabolic Blowoffs is gonna happen. Double down on your preps. If it isn't because of the massive crop failures of Central and South America, it will be a food crisis here in the US. By the way, Coffee has been wiped out in Columbia, stock up. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to click the like button. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where you can buy American Silver Eagle, Silver Bars, and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. The banking system is screwed. The collapse can't be stopped. BlackRock is bailing them out right now via the Fed Reserve REPO market daytime & overnight.And BlackRock can only stem the tide for so long before it collapses too. The money that would need to be printed to sort this out would render money worthless. No major bank is going to survive what is coming. Most pension funds are screwed too, very heavy on bonds and retail space. The collapse is inevitable. Get your money out of the banks now before it's too late. More money printed in 2020 alone than the last 50 years combined. Infinite QE and Easy money are here to stay no matter what happens with the pandemic. Price surges are coming. In 2007-08 a few sub-prime loans caused the banking system to have a cardiac arrest.Well, What the hell will happen when 30-50% of all AAA+++ loans on prime real estate in New York and London go bad. It's an F-shaped recovery. Nothing a new vaccine can't fix with real unemployment at 39%+ and an 80+ million unemployed; and with a new Congress that will not help the millions of us who have lost our jobs because of the pandemic. Two hundred fifteen million eligible workers, PARTICIPATION rate of 61.4% that leaves 89+ million without jobs; Which translates into a 40% unemployment rate. Keeping in mind that during the Great Depression, the height of unemployment was 26%! An unfunded debt of $200 trillion in the US. The national debt is claimed to be just shy of $30 trillion, but that doesn't take into account pensions, loans, social security, healthcare, etc. Interest rates at 10 percent would cost more a year in interest payments than the largest ever annual deficit (2020). It would certainly force the government to stop all the ridiculous social spending and even have to slash the military budget by two-third. This would still leave the US with the world's largest military budget but much less global reach. Raising interest rates is a great idea, but we will instantly fold as a country. I'd say 10 percent is a possible 10-year plan. A perfectly executed plan to destroy America now comes to the six-month lockdown, and the bankers and their comrades have what they all dreamed of. Wait until nobody Christmas shops. That's the one hope retailers have been clinging to with the tips of their fingernails. Slammalanche of Doom is coming for all of them as Mom and Pop are getting shut down by the Governors and Mayors. That light at the end of the tunnel is, in fact, a train coming our way. And Fast. We are witnessing a great depression level drop in employment, fastest spike in defaults, bankruptcies, and foreclosures. The stock market is going up; why? The economy is dead. It's beyond reality, and people who are in this rally are naive; they will lose a lot soon. The markets are being pumped so that they can pull the plug at the right time. Once a war starts or civil war, they will pull the plug on the markets, ensuring that chaos will be as bad as it can get. 4O1 Ks will disappear, companies will shutter and close, unemployment will be over 50%, and the war can go full swing. Here comes The Big Squeeze. Call it for what it is, The Great Reset. They seek to destroy most incomes to force people into government handouts. But you won't get your handout without taking your medicine first. The Western Finance Capitalist system and architecture are built to burn down at the slightest drop of revenue for the corporate structure , via their house-of-cards architecture of interbank lending and concomitant connectivity linkages. The Great Financial Crisis of 2008 was just a test case, designed to elicit an emotional response for the next wave of bankruptcies that will most assuredly topple the entire Western Financial edifice of interbank lending.Which will, in turn topple all the banks in the Western world. The global economy is in very poor shape. Western leaders tell us otherwise because they deliberately want to mislead us into a false sense of security so that like good little sheep, we will (put our masks on) to go out and consume so create the inflation that they so desperately need and which is NOT very good for we the people. EVERYTHING disappoints - yet the markets continue to levitate !! The DOW has put on about 12000 since the PANDEMIC started! We have a zombie economy and promising vaccine candidates that half the U.S. population will likely refuse to take. And yet, Wall Street valuations are at an all-time high. The only real thing driving American markets is the hope of more stimulus and further dollar devaluation. What could possibly go wrong? The only stimulus will make new highs. This is just the fiat that was put back into the game that was previously taken off the table. The debt and interest rates prove that there isn't any more sustainable upside. THE LESS THAN STELLAR EARNINGS GROWTH IN THE TECH SECTOR HAS BEEN THE ONLY EARNINGS GROWTH ACROSS ALL MARKETS OVER THE LAST TEN YEARS, AND EVEN THESE HAVE BEEN MADE WITH THE AID OF STOCK BUYBACKS AND CREATIVE ACCOUNTING. The stock market is a wealth redistribution mechanism. It is totally fake. The pandemic is being used so that the banks can crash the stock market. The Fed wants everything. They want ALL assets as cheap as they can get them in order to buy up everything for pennies on the dollar. The FED and Blackrock own it all. The old pony soldier makes a case for a total shutdown of world economies. The ride over the cliff will be fast, the drop long, and then the sudden impact with the ground loud. This is why our beloved elites have organized lockdowns and planning The Great Reset globally. There is no way going back to pre-pandemic days because the elites are over-leveraged and never able to pay back what borrowed even with zero interest rates. They need a war or a global catastrophe, imaginary or real, to inflate the debt away. All according to plan. The Great Reset in 2021. The creation of money out of thin air through credit cannot replace effort and ingenuity. Sadly, the educational systems of the world are failing their students and not teaching them how to create wealth independently. Also, there is decreasing the incentive to do so, through the regulatory system, taxes, student loan debt (uncertain revenues from year to year), and an attitude in American society that resents success (one that loves riches but loathes those who do what's necessary to get rich). We are in a world of trouble. Pun intended. Simply put, most government spending has a multiplier effect of less than one, while private business investment has a multiplier effect much greater than one and why low corporate tax rates stimulate real economic growth. In the meantime, the federal reserve is giving people the impression that unless you gamble in the stock markets, there is no money for us. Instead of having us gamble to try to make some money, why don't they just give us the free money they are giving to the corporations by way of inflating their stocks, buying up all their debt, getting other people to help inflate their stocks, and not to mention the tax break Trump gave to corporations, reducing their rates from 35% all the way down to 21%. The corporations are all spoiled due to actions of the federal reserve and the Trump administration. And now, corporations no longer have to issue new debt in order to survive and having to pay it back. Now they can just issue new shares of stocks, and the federal reserve will buy. Never in our history has our zombie companies come back to life like they are today. And with all of them main street businesses closing up permanently, the only survivors and thrivers during this pandemic is wall street. But like I've been saying, the federal reserve is laying a trap for all investors to entice everyone that they can to get into this manipulated market so they will be able to destroy as many people as possible financially when the order is given to pull the plug on all of the markets. We will be going from the state of easy money to complete economic devastation. My guess is that it will happen in 2021. They are just preparing their scapegoats. In the meantime, the traps have been set. The federal reserve is currently the buyer and lender of last resort. Soon they will be the controllers of last resort. And the government will have to step aside. And if Janet Yellen becomes treasury secretary, the marriage will be complete. First, she ran the federal reserve; now, she will be running our US treasury department in order to complete the merger between the US treasury and the federal reserve. Heck, they may as well rename our country the United States of The Federal Reserve. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have donated. Stay safe and healthy friends! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

The US Banking System On The Brink of Another Financial Crisis

The US Banking System On The Brink of Another Financial Crisis The US Banking System On The Brink of Another Financial Crisis What’s going wrong in the US? Have a closer look. The US is repeating 1920s economic mistakes. Policymakers couldn’t see what Glass-Steagall did, as they thought banks were financial intermediaries. It separates the money creation side of banking from the investment side of banking, and stops bankers producing securities; they buy themselves with money they create out of nothing. We should focus on how to deal with the pandemic first. There seems to be a tendency to assume that this will be over in a few weeks, perhaps a few months. The Spanish Flu pandemic lasted years. I hope the coronavirus pandemic can be overcome in less time, but there's no reason to plan on it as the most likely outcome. As long as we're still in pandemic mode, there will be disruptions to supply chains, employment, economic activity, and prices. We should be thinking about how to hold things together for an extended period of time. This is a marathon, not a sprint. Lately it has been difficult to talk about the economy because of all the noise flowing from the election and the pandemic hype. There is a growing reluctance to opine by many economic skeptics because it appears we have been wrong on recent predictions. Only time will tell if this is true due to the huge distortions now evident in the markets. Still, all this tends to diminish confidence in the ability to see what is ahead. This has forced not only me, but other economic watchers to go back and question all we hold true. Unfortunately, other than moving a few pieces around the board, the recent actions by the Fed only continues to move back the day of reckoning. The "extend and pretend illusion" our economy remains on a sound footing is alive and well. One place this is evident is in the area corporate bond market where many bonds now hold an investment-grade BBB rating. If a company or bond is rated BB or lower it is known as junk grade, this means the probability the company will be able to repay its issued debt is seen as speculative. Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

👉JP Morgan and Goldman see Stocks Moving into the Euphoria Stage on News of a Vaccine !!

👉JP Morgan and Goldman see Stocks Moving into the Euphoria Stage on News of a Vaccine !! JP Morgan and Goldman Sachs just boosted their S&P 500 targets on vaccine news. JP Morgan and Goldman see Stocks Moving into the Euphoria Stage on News of a Vaccine The Market Nirvana continues on news of a promising vaccine. JPMorgan Now Sees S&P Rising Up To 4,500 By End Of 2021. Goldman Sachs from its side boosted its year-end price target on the S&P 500 to 3700 from 3600. Goldman Sachs strategists led by David Kostin, say the vaccine is a more important development for the economy and markets than the prospective policies of a Biden presidency. Amazing what a market can do with infinite printing. The S&P 500 quintupled in value from 2009-2020. While we may not see another quintupling over the next ten years, we should see at least a doubling. Look for S&P 500 at 6,000+, Dow Jones at 50,000+, and NASDAQ at 20,000+ before this decade is out. And just imagine 3 times funds! S&P is only 3% from record highs. Wall Street Always wins! Mainstreet and the little people are irrelevant. Getting the small people to beg for more central bank debt to make Wall Street richer. The FED is pumping them for the next Venezuela level. With pensions facing unprecedented redemptions as boomers retire, the Fed owning the once free market is the de facto bailout of the financial system. While USA goes Zimbabwe-style. Who needs an economy when we have a booming stock market? Not to worry, this will prompt more stimulus, which means even higher stock prices. A bad economy is a piece of good news for stocks. That means that the Fed will print trillions more for Wall Street in the hope that a few pennies will trickle down to Main Street. The stimulus for Americans gets smaller while the stimulus for Wall Street gets bigger. The market isn’t raging; the dollar is falling. The disconnect between markets and reality grows to distortionary proportions. Venezuela circa eight years ago here; as they inflate past the 30 trillion debt number. That number doesn't even factor in the 12 Trillion in FED QE that is unlimited in value and price. We desperately need a 30-year bear market to wipe out all these Fed welfare prestitutes and Ponzi pumpers. These Ponzi pumpers come out every day blowing smoke up each other's backs as to why their Ponzi portfolios should go up every day forever devoid of any economic reality. Reckless idiots have been constantly rewarded while anyone who is just trying to save or use the slightest bit of fundamental analysis to make an investment decision has been utterly destroyed. This sick joke has gone on for far too long, and it needs to end. Don't forget; this started with the collapse of the repo market in Sept 2019. The pandemic was just the accelerant to the demise of the dollar and the US empire. The message from Wall Street remains the same: "Heads I win, tails you lose." I wish I could be half as optimistic as these humps. Every day would be a paradise. Of course, when you are playing with OPM, why wouldn't it be? We live in absolutely insane times! This market is a joke because the currencies that back it are a joke because the governments that support it through force and fraud are the biggest joke! But really, the joke is on us because the people actually believe that it’s all real. They believe that it can all go on forever. They believe that you can get something from nothing. I’m so optimistic about a catastrophic near-term event that undoes all of the lies! With a maximum devastation so that humanity can find enough pain to free them from the illusions of the matrix. Stop believing any of this sheet is real, and stop giving it any time or attention to the best of your ability. Be simple, and live free! Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to click the like button. As many of you have asked me about where they can buy silver and gold bullion. You will find in the description box the links where I personally buy American Silver Eagle; Silver Bars and Rounds. I highly recommend that you too, start stacking some Silver Bullion for the future. In 2020, the world is a Ponzi scheme of inflated asset prices. The use of neoclassical economics and the belief in free markets made them think that inflated asset prices represented real wealth accumulation. The central banks have to keep pumping in liquidity to stop all the Ponzi schemes from collapsing. When banks have been lending to inflate asset prices, the financial system is in a precarious state and can easily collapse. The central bankers were struggling to keep all these Ponzi schemes going before the pandemic. S&P could easily hit 45,000. (No typo). They have the means to do it, but a decent pizza will cost $1700. Stock market investors are expecting today the Weimar-style hyperinflation to increase the stock prices to unprecedented heights in what some may call a “crack-up boom.” We’re still not there yet in terms of money creation. However, these levels of fiat printing are expected to happen until next year. And even though it is unlikely that this boom in stocks will happen again in the future, it did happen over the last few years, and maybe now it had hit its finishing point. Over the last couple of months, the US dollar has entered a colossal liquidity crisis, and regardless of all expectations, the Fed’s efforts to compensate with stimulus actions did very little to boost the market back to its golden days. In Weimar’s Germany, stocks hit a remarkable rally until everything crashed in 1942 and then again in 1927. The idea of an endless fiat-driven bull market is a gross lie backed by bankers and their suspicious supporters. As we well know by now, by the time the Fed finally took action to intervene and stop the crash, it was already too late. It isn't really in the Fed's interest to really cease this crash; it's actually exactly what they're going for .They designed all the necessary conditions to create this bubble.And their goal now is to make it seem that they had done all they could to save the economy while they're still plotting the final stroke of the bubble collapse to hit the US dollar and its status as a global reserve currency. The outburst we’re living in is not the only problem markets are facing right now. The real deal is that the main support pillars for equities, which really means corporate stocks buybacks, had vanished. It is thought that the new bailouts will develop a ban for this practice in the future, leading market values to drop unless central banks intervene directly buying stocks. But the active values will still drop eventually, probably at a slower pace. It is important to remember the trillions of dollars in loans that had been feeding corporate share prices through buybacks during the past few years were turned into dust because of the downturn. Companies have been using the central bank’s repurchase agreements to stimulate stocks at all costs. Over the last three years, the valuations had been outrageous comparing with the absurd earnings of these same companies. In a few words: Wasted cash and companies ’debt up to their heads. With all that said, it is certain that soon they will no longer care about this. CEOs know that even though their companies may stumble during this multifaceted crisis, they will still be well-assisted. Bankers, CEOs, government leaders know they are not going to be held accountable for the financial catastrophe that is coming for us. Same as in 2008, they’re going to get out from this untouched, and their actions are going to be forgotten. The only way out being still an enraged enough public to make them pay for what they did with torches and pitchforks. But for now, people are still wrapped up by the drama regarding the disease and its symptoms, and the global economic concerns haven’t hit their doorsteps yet. That soon will change by the time they realize this episode is far from an ending. Even if the number of infected people considerably drops during the next couple of months, governments may still use lockdowns as an excuse. And if lockdowns are proven to work, they will keep happening. It is possible for governments to use the wave model conditioning to allow the brief public moments of lockdown lift that will last probably less than a month and will be followed by a resurgence of infections, leading to hard lockdowns one more time. And they’re not expected to disappear any sooner since we have a 7 billion worldwide population, and there is still a lot to happen before this fades away. This will escort us to a neverending cycle of suppressed business activities, businesses downfalls, unemployment, and supply shortages. Governments and central banks had designed this scenario where the only way out is through monetary policies and Universal Basic Income. Considering the eventual implementation of the Defense Production Act, the US dollar will drop at levels never seen before, and the Fed will have to finance corporations directly through stock purchasing, or the governments will do so, and the Fed will have to finance the governments with ground-breaking levels of debt. The US Treasuries are literally being thrown away by foreign central banks that were forced by the liquidity crisis to sell their assets in order to accumulate dollars, and with the Fed moving towards an infinite-like stimulus model, US Treasuries don’t seem to be a viable mean to make a profit from or for wealth protection. Consequently, the central bank may become the only buyer left to fund the US government. The elites are about to become the main provider for everyone that isn’t self-sufficient. Small businesses are closing, large corporations are in huge debt, people are losing their income and their jobs, and this will guide us to a massive level of dollar creation to keep the system running, and we’re talking about tens of trillions of dollars. There isn’t even a remote chance that the dollar as we know, will survive this scenario. It will lose its value continuously, create inflation, and lastly, lose its global reserve status. But as scary as that sounds, the elites have known about this already and in fact, they benefit from it. First things first, a major downfall of small businesses is expected, and its assets are going to be absorbed into the banks and large corporations. Even the government bailouts won’t be enough to ensure their survival. Just as it happened during the Great Depression, trade and production will be captured and devoured by the 1% of the 1%. Then, in order to test their Modern Monetary Theory model, the establishment will lead the public to accept the idea of a monthly Universal Basic Income that won’t be enough to maintain the third world standard of living, but it will sound like a better alternative than starvation in an aggravated economic circumstance. Ultimately, with the contagiousness of the disease alongside with the dollar downfall, a perfect scenario will be set to push the implementation of a long-desired dream of the elites: a cashless society. By the end of next year, the dollar’s status as a global reserve is going to get questioned; meanwhile, the idea of a digital currency will be publically discussed. Eventually, the public’s choice will come down to bowing down to a new digital currency or beginning to create their own local systems. And it seems that the future doesn’t get any prettier than that. It is only a matter of time before the devaluation of the dollar hits up to 80%, and this can be a dead-end for our life long savings. Makes exactly zero difference to us peasants who the emperor is or what party he comes from. But institutions and funds are VERY excited about continued cheap cheap cheap money. They only want the present rigged financial arrangements to continue smoothly and indefinitely, with NO CHANGE. Just keep shoveling that wealth from the masses to themselves. 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! Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.