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Monday, May 18, 2020
đŸ‘‰National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!
đŸ‘‰National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!
The national debt is already at an absurdly incomprehensible number like $23 trillion, and increasing by the minute. We're already in a mathematical fantasy land beyond the limits of human understanding. A stack of trillion-dollar bills would be 67,866 miles high, or more than one fourth the distance from the earth to the moon. This means the deficit before the pandemic would've been a stack of dollar bills more than five times as high as the distance to the moon. The national debt is never going to be paid. It will ALWAYS go up. The Fed WILL monetize the debt at negative interest rates. The treasury debt the Fed will hold will have an average negative yield. They will pay the treasury interest, but in reality, that will just require a wind-down of reinvestment, so it actually isn't anything real. These are all ledgers with lots of zeroes. At some point, the Fed will have to buy ALL of China's holdings as they liquidate, and then ALL the social security surplus holdings. And they will pay well to keep rates very, very low. With negative interest rates--people will pull their savings from banks and buy gold (if they have brains). Banks will not lend to get less back. Scared people will stop buying and start hoarding cash. The economy grinds to a halt. This is the GREAT IMPLOSION, coming soon to an economy near you. The Fed is creating a bubble economy. Once people understand it is all about the Fed, maybe things will change;But not until then. They are using fear and misinformation to herd the sheep where they want them to go seems to be what’s going on today. Even Powell, Yellen and Bernanke are telling the congress not to worry about the deficit. Just keep spending. What he doesn't tell this naive Congress, and the president is that getting the government to spend even more reduces the government's power, and increases the federal reserves power over America. They want the Congress to keep spending in order to make our government as bankrupt as possible. The more deficit spending on our governments part, the better for them. This is what the purpose of this coronavirus agenda is. Bankruptcy for all, and the transfer of all financial control into their hands. They want to remove all financial power from world governments and place all financial power in the hands of this secret fraternity at the very top, who are in control of this international banking system. Their target is the removal of the US dollar and replacing it with their long-desired,one world currency, owned and controlled by this secret fraternity at the very top. Yes, the domination of this world by way of the monetary system. It isn't apparent yet, but it will be, when they put the icing on this coronavirus cake by pulling the plug on the world markets and creating the biggest market collapse in history. Why? They are currently bankrupting our governments. Now they want to place us in a complete state of hopelessness by bankrupting all of us individuals also. So, in the end, the people who created this evil will present themselves as our saviors by making us an offer we will have no choice but to accept. Accept our one-world currency in place of all other currencies, including the US dollar, and we'll bail you out. As I said, they will leave us with no other choice but to accept. And due to their power of absolute secrecy, all we have the power to do is watch the show. Federal Reserve Chair Jerome Powell warned that the nation's unemployment rate could soar to 25 percent. Powell says a full economic recovery may not happen without a vaccine."Full Recovery Could Take Until End Of 2021. Will Require A Coronavirus Vaccine," Powell said in an interview with CBS’s “60 Minutes”.Why would a cartel banker/beancounter have a say as to whether a vaccine is needed or not? "Just following orders" will not be a defense, Powell. So, Fauci, the MD, became an economist, and Jerry Powell, the economist, is now a doctor. Do we live in a bizarro world ,or what! Those who wish to inoculate themselves against this flu should do so. If it works as advertised, they have their immunity. Those that do not wish to take the vaccine pose no threat to them. Compelling the rest of us to be vaccinated is going to be an interesting operation. A vaccine or market manipulation either will do it. The Fed has launched a series of efforts to keep markets functioning properly and has teamed with the Treasury Department on a variety of lending programs aimed at businesses and individuals. In addition, the Fed is buying corporate and municipal bonds. That’s come amid burgeoning unemployment crisis that has seen 36.5 million Americans file unemployment claims and the unemployment rate rise to 14.7%. Wall Street is just like Washington DC. It runs on loopholes. All you have to do is learn your way back and forth through the Maze of stupidity. The same people who sell the panic, sell the vaccine. Before COVID, there were 162 Million active workers. Current reports indicate there are 36 Million unemployed: so its at least 22%. However, this does not include part-time workers that were laid off and unable to file for unemployment benefits. It also does not include workers that have their hours cut. This party is just getting started . By this summer, the unemployment rate could top 40%, as the momentum builds. Those 36 Million workers aren't spending as they did. Probably more than 100 Million workers have dramatically cut spending. This is going to drive unemployment up much higher. Even if all states open up tomorrow, it is not going to be a return of business as usual. People are going to be reluctant to spend money, travel, eat out, etc., until they feel confident that the virus is gone and that the economy has stabilized. It is going to take many years. It took the US about ten years to fully recover from the 2008 crisis, and this one is much worse. People on the minimum wage have to spend 100% of their wages to survive. Billionaires spend 1%, with 99% disposable. They live, as opposed to surviving, on this. National Suicide, Expected to soar . The shooting starts shortly after the USD FRN reaches its intrinsic value as electrical bits and poorly absorbent toilet paper. Losing may be winning if the stupid masks, closures, distancing, handouts, bailouts, negative interest rates, alleged forced vaccination plans, etc. Turn fattened human flocks of idiot sheep into lean, hungry packs of intelligent wolves. Exciting times. That's what happens when counterfeiting enables deficit spending. Eventually, the world will realize the dollar is worthless with all this printing. Then this debt will be an issue and only an internal issue for us the Peasants. "It's the money, stupid." Founding Father axiom. It all depends on whether the US loses reserve currency status over a long period or a short period. The national debt is ballooning, and one day we would default on it. Math can only be stretched so long until an unstoppable force meets an immovable object. During 2008 bailouts, experts were saying, now is not the time to worry about the debt, we can address it once were past the crisis . The debt was never addressed, other than the Bowles/Simpson plan...which failed. I'm hearing the same thing now about this crisis and the staggering debt being piled on. Another frightening number on that debt clock is that of the total value of global derivatives. Judging by the fast-rolling number counter, it appears it's increasing by over$ 2.0m a second! Mind-blowing numbers, all just waiting to collapse when the defaults begin. Ever heard of 'marginal change' ?. The effect of one more unit on the whole. A sinking boat and that one pint of extra water that sends it to the bottom. A sinking economy with a Fed deficit. The effect of one more dollar of debt. The closer you get to the breakpoint, the more important the marginal change. Are we there yet? If not $25 trillion, then 25.1 trillion, 30 trillion, 400 trillion. Has it already happened? Is the economy finished, and we just don't know it? Already the word is out there is a massive problem. Interest rates are being forced lower because the country cannot afford to pay interest on the current debt. With low-interest rates, no one with a brain wants to lend the US money. The Fed has to step in. Now, the debt is faux debt (just zeros on the Fed balance sheet)-- and ready to implode. If this is not warning enough, what is? When I activated the US Debt Clock Time Machine for the year 2024 -- just four years from now -- it showed that at the current growth rate, we would see a national debt of $43.6 trillion! In four years! That is unsustainable! Something must be done right away to bring it down, or a disaster will occur within the next few years. America must pull its head out soon, or a calamity will soon occur! This is digital Weimar Currency. They won't even have the problem of printing on one side of a bill . That's why we are going to experience a monetary reset. This apparently happens to every monetary system not tethered to something that can't be printed out of thin air. That being said, The deficit can reach 50 Trillion or 100 Trillion! The small business issue came from the shutdown and excessive regulations for the most part. It will eventually become a problem, and the system will collapse. This shitshow will only get worse until the final collapse. So expect the unimaginable all the time going forward over the cliff. COVID was a convenient excuse the crash land this debt loaded, massively leveraged economy. The string-pullers opted for flight 1549 in the Hudson River rather than the Hindenburg zeppelin exploding and going down in flames. Strange how the Pandemic is so well coordinated and the New World Order "elites" are ALL singing the praises of an as-yet non-existent vaccine, which clearly is going to be compulsory with the implied threat of military force. The death rate in the non-high-risk groups, even using the inflated mortality numbers, is around 0.1%, so what is the scientific basis for a compulsory vaccination for all without any understanding of the risk/benefit equation for low-risk cohorts (most of the population)! Other than the social control . There remains the medical ethical principle of "Informed consent." Well, I am informed, and I don't consent. What then? Why are we still pretending that Covid-19 is a particularly deadly virus and that we must destroy ourselves out of fear of it? All those who want to be locked up forever should just go ahead and lock themselves up forever and leave us the hell alone. Why do people with horrific plans always insist that we have to join their suicide pact for our own good? The Hong Kong Flu of 1969 was way worse than this WuTangFlu, and they did not shut down the economy. This is an intentional sabotage of the world economy. The aims are many - to impose a worldwide plutocracy served by tech stooges and psycho scums, to impoverish people to the level they won't ever protest politically, to overthrow the role of people in politics that is on the rise ever since 1789. Call it whatever you want, but this is no pandemic. Get ready for millions of bankruptcies, loan defaults, and bank failures. Millions of retirees will lose almost all of what was promised as big pension funds fail. Powell admits it will get very ugly, and no one knows how or when this ends. If reopening brings on wave #2 and they have to close it all up again, kiss any recovery hopes goodbye. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Three TRILLION $ more debt planned and Powell says now is not the time to worry about it, only when the economy has recovered. What The hell ! We haven't worried about it for the last two decades since Cheney said "deficits don't matter." Our great economy has never been anything more than a bubble pumped up by endless debt thanks to the Fed Bank. The wealthy are doing great , and the bottom 50% are unemployed, maybe forever. The banksters are loving it and want to keep us shut down to do the most damage. We are in real trouble. Pray for a miracle. Bailouts, more printing, baby print, print. Insanity continues. With negative rates looming and is coming, FED can’t raise any rates higher, is too late for that, so their only option is going reverse, you are going to see some funny thing happening. The economy has been sparling for a long time, and not only in the U.S. Unprecedented access to cheap cash, lack of any fiscal responsibilities, plus mounted with other policies and reality has also produced a fallout. Now Banks is put a tight lid on “Line of credit access,” which basically is putting small businesses folks in the cold and not to mention others who have to meet certain obligation is putting them in a state of what is a sense. Lady in Casino dancing for the bosses is starting to sweat. She realizes she is expandable and no longer can entice them. MMT/QE’s etc. And top with it, they will squeeze the last amount of breath from anyone. ECB/Fed/BOJ and other Central Banks around the world, and don’t think China is excluded, fiat is fiat they flow same way just the value is different, are on a collision course of facing final act. Total Bankruptcy and insolvent of nations due to internal debt which is way beyond understanding and external debt of the rations to GDP debt, which is already putting heavy iron plates on their shoulders. They will default, and not only the U.S but all of them will not meet their obligation. So next scheme is Digital, but the game is the same; bosses are well aware of their needs. They all soft defaulted in 2008 when all of the major Central banks started QE, and never really stopped. The issue is now that with the shutdown of essential production, it is going to lead to shortages, leading to price controls\rationing and inflation. The entire industrialized world is switching over to third world status. I very much doubt digital will work. It just makes it much easier to create inflation, and it is 100% dependent on reliable data & power to function. The Government digital currencies will likely be too easy to print when they need it and will quickly collapse in value. The Achilles heel of the industrialized world economies is tax revenue need to balance government spending with production. Tax revenue as all but collapsed, while essential government spending has gone to the moon. The U.S. is a dollar exporter, and both parties' donors won't allow anything else. If we ran a trade surplus, Wall Street's casino would close. The American people don't understand how corrupt this country is. The aim is to fleece the people quickly into debt slavery, where the shirt on their back is owned by banksters. The powerless people on the bottom of the food chain get hurt the most, but the fat cats with political influence are able to get the big bailouts. Basically, the Fed has de facto created Royalty in the world. They are the elites, rich, bankers, and the well connected. They know that no matter what.The Fed will save them. The working man has no chance. The head of the country's financial system, Jay Powell, is saying the answer to the country's woes is social distancing and forced injections by the military. America is already finished as a country. The dollar will lose its status as the world's reserve currency. It won't be long, and we won't be able to trade our pretty pieces of paper in exchange for real goods and services. The federal government will have to spend at least a trillion less than it does now. We won't be able to get away with our trillion-dollar trade deficit much longer either. We've been getting a lot of Chinese products at artificially low prices for a long time. An iPhone would probably cost $5000 if it was made in America. Expect the 2020s to be a lot like the 1930s. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
Tuesday, March 3, 2020
Negative Rates Coming - More Repo Largess , MORE QE. But it’s all a big dead cat bounce !!
Negative Rates Coming - More Repo Largess , MORE QE. But it’s all a big dead cat bounce !!
The Fed has just announced an emergency 50 basis points rate cut, blaming the virus. Such a predictable lie. Negative rates are coming. Be ready America. Very sad, a plan that is many decades in the making. The Fed WILL cut rates again at their next meeting in a few weeks. This is their ultimate plan, many decades in the making.. to be the lender and buyer of last resort- to own the world. WE LOSE. President Trump ELATED on the Fed rate cut. Now he is calling for DEEPER CUTS and MORE QE. It’s a big dead cat bounce. The debt market is a nuclear bomb that’s about to go off. President Donald Trump on Tuesday demanded that the Federal Reserve cut rates even more after the central bank announced it would slash rates by 50 basis points in an effort to combat the economic impact of the coronavirus outbreak. Trump, the "Greatest businessman of all time": Trump thinks the U.S. deserves to have subzero interest rates since it has great currency, power, balance sheet. Cut the rate to help corporate customers while it lowers savings and money market interest earned...so in essence, help the wealthy corporate types and screw the individual consumer again. Negative interest rates will force you to pull all your bucks in the stock market or under your mattress! And the Fed just began another REPO after a 120 BILLION pump this morning. The Fed would use the coronavirus as an excuse to VASTLY expand the debt. Scary... this IS their final solution. The debt has become the toxic poison. They used that as an excuse to make it look like somebody is buying stocks. When they cut later down the road, the market will rise again on the day of the announcement ,all fake. Supply chain stopped from China; empty shelves and the Fed prints more money. Just wait in two weeks you will see in some cities grocery stores wiped clean. Most people cannot live three days with a disruption in supply. I knew when I saw Powell talking about doing whatever it takes to support the market; stocks were going to take off. Right now, The Fed lowers the rate of 50 points, and the market still is struggling. The market couldn't even hold on to expectations of rate cuts. Gold is on fire. It seems like this market is infected with the coronavirus and isn't responding well to yellow stain medicine. Watch the market do a backflip again and go into the green before closing time. This is a Fed freak show. Several months ago, the major Wall St. banks were given another public bailout- right under your nose.Huge amounts of capital. These same banks have been, and will, be using that cash to buy the market... moreover, much more capital for these banks is coming courtesy of the Fed; and President Trump. This is just getting started. The Fed. and President Trump are about to unleash MUCH more debt on America and its citizens. ANYTHING TO PUMP UP the STOCKS must distract from the free-fall economy. And here come the LIES of Powell, parroting President Trump- "The US Economy Is Strong." So is that why we need dramatic rate cuts and even NEGATIVE rates. The Fed thinks it could print a cure for the coronavirus. The FAKE market gets what the Fed wants...MORE DEBT. This market is an addict. 100% addicted to debt. The Fed. and President Trump are MORE than happy to give the market a fix when needed.. and then some more. Right now, Steve Mnuchin is in talks with the Wall St. banks and the New York Fed. The banks are going to be given capital injections directly from the Fed. Strictly to buy stocks. Powell admits on LIVE TV that central banks are coordinating their efforts. Which means they collectively will continue to enslave the world with EPIC debt. The next massive bailout will probably be a bail In. You; are going to supply the funds. The volatility before the crash will be epic. Dollar and bonds to zero money printing and inflation to infinity. The Fed doesn't print medicine. It only prints death... Our government has taken over our free markets! Our markets don't have their natural movements any longer, so conventional wisdom has been pushed aside. Dump the dollar buy gold. Drop your central bank notes ( your money) and buy gold. Become your own central bank, buy some physical gold ,more silver ,some cryptos and preps, and tune into this channel. Peace and the best of health, are the TRUE WEALTH! This decade street smarts will be the new Ph.D. Welcome back to The Atlantis Report. Please take some time to subscribe to my two back up channels. I do upload videos there, too, on a daily basis. You'll find the links in the description box. Thank You. The Fed cuts rates by half a percentage point. Stocks initially rallied sharply on the move but backed off in volatile trading. The rate cut is an affirmation of the problem. It's a signal of impending doom. Even Powell admitted at his news conference that the main economic impact from the coronavirus (supply chain disruptions) would not be solved by this 0.5% rate cut. This was not a good move. The paranoia of the market immediately set in...What does the Fed know that we don't. This has to be worse than we think it is. It also gives the appearance that they were browbeaten by Trump. They have also put themselves in a difficult situation if reversing the cuts becomes warranted. They should have held their fire. Also, there does not appear to be any fiscal policy to support the economy, so rates cuts by themselves will do very little. Stupid FED , All this rate cut did was to light a fire under gold. The way the feds behaving implies 3-ply and hand sanitizer will be the currency of the future. More Repo largess, Reverse Repo operation now underway. Their action is in support of the markets in detriment to the economy. They have lost their way, and the only direction for the USA from here is down with this Fed at the helm of the sinking ship. Donny was bragging just last night about yesterday's dead cat bounce, and now the market is tanking again, even after his Fed flunkees crank up the printing presses to print more funny money. Odd, isn't it, that this strongest economy in history needs a constant fix of cheap money and negative rates to continue climbing. Maybe the US Treasury should simply take all individual and corporate tax refunds and pump them directly into their favorite stocks, in an even clearer move toward corporate fascism. If equities are based on the forward performance of an asset, and you know pretty much all of those assets are not going to perform well over the next few months, then shouldn't they go down? Not in today's world. In today's world, stocks should ALWAYS go up. Fundamentals are damned. Remember, nothing accelerates the economy and creates jobs like falling prices to dramatically lower and more affordable levels. Nothing. The rule has always been pay no attention to what people say, only pay attention to what they do. Actions do speak louder than words. A 50 basis point emergency cut means they know something is about to hit the fan. What happens when FED cuts to the zero bound, and Covid-19 is still wreaking havoc? Trump should try to actually govern instead of trying to pump the stock market. The Fed is done as far as affecting the markets. Who goes to a bank when they have the flu? What a clown. Trump, the market pumper that he is, shows how he knows nothing when calling for the Fed to do something. It's an effing virus, not a rate-sensitive situation. The greatest economy in the history of the world needs low rates to exist. What does that tell you? Cutting interest rate doesn't do squat for a virus or supply chain disruptions. Remember folks...this is a no-win situation across the board. The debt levels are astronomical, and fiat is on the way to total worthlessness. So we're damned if they do, and we're damned if they don't. No easy way out. The best thing is to just do whatever we can to get outta their system and take care of ourselves first. Sell outta this market now if you're crazy enough to still be in it. Load up on precious metals for insurance, and load up on food supplies, supplements, household supplies, etc. now before the supply shortages get to critical levels in your area. There's not much else regular people can do if they hadn't already started preparing for the long haul, but every little bit may help. But just do what you can now before every day in all areas turns into infinite Black Friday type situations in the stores. My area is still somewhat calm, but I have done some recon the last four days around to many stores, and yesterday started to show empty shelves of cleaning supplies, anti-bacterial soap, sanitizers, etc. Foodstuffs were still doing okay, but I don't expect that to last very much longer. It's going to escalate very rapidly from here on out. Whether anyone thinks or believes this virus is as bad as it really is doesn't matter. The fact is that the damage has already been done to the supply chain, and the virus is bad enough now to cause panic buying. It will become a self-perpetuating cycle of panic buying and shortages from here on out. When the supplies run out, well, then it's game over, and folks better have as much as they can to hunker down with for many months to try and ride this whole thing out. Good luck out there...life is about to change on this planet in a very profound and historical way. I hope we make it through somehow. Like it or not...we are all now in a serious survival situation. Whether it be from this virus or due to food and supply shortages. But in actuality, it is because of both at the same time feeding off each other. Just do what you all can do to prepare for hunkering down for the long haul so we can all do our best to ride this out. It's all we can do depending on our own personal situations and where we are. It is what it is now, and there is no changing this fact, unfortunately, so people need to wake up and get with the game plan now. This won't end well. Be prepared. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my two back up channels, I do upload videos there too on a daily basis. You'll find the links in the description box. Thank You.
The Fed has just announced an emergency 50 basis points rate cut, blaming the virus. Such a predictable lie. Negative rates are coming. Be ready America. Very sad, a plan that is many decades in the making. The Fed WILL cut rates again at their next meeting in a few weeks. This is their ultimate plan, many decades in the making.. to be the lender and buyer of last resort- to own the world. WE LOSE. President Trump ELATED on the Fed rate cut. Now he is calling for DEEPER CUTS and MORE QE. It’s a big dead cat bounce. The debt market is a nuclear bomb that’s about to go off. President Donald Trump on Tuesday demanded that the Federal Reserve cut rates even more after the central bank announced it would slash rates by 50 basis points in an effort to combat the economic impact of the coronavirus outbreak. Trump, the "Greatest businessman of all time": Trump thinks the U.S. deserves to have subzero interest rates since it has great currency, power, balance sheet. Cut the rate to help corporate customers while it lowers savings and money market interest earned...so in essence, help the wealthy corporate types and screw the individual consumer again. Negative interest rates will force you to pull all your bucks in the stock market or under your mattress! And the Fed just began another REPO after a 120 BILLION pump this morning. The Fed would use the coronavirus as an excuse to VASTLY expand the debt. Scary... this IS their final solution. The debt has become the toxic poison. They used that as an excuse to make it look like somebody is buying stocks. When they cut later down the road, the market will rise again on the day of the announcement ,all fake. Supply chain stopped from China; empty shelves and the Fed prints more money. Just wait in two weeks you will see in some cities grocery stores wiped clean. Most people cannot live three days with a disruption in supply. I knew when I saw Powell talking about doing whatever it takes to support the market; stocks were going to take off. Right now, The Fed lowers the rate of 50 points, and the market still is struggling. The market couldn't even hold on to expectations of rate cuts. Gold is on fire. It seems like this market is infected with the coronavirus and isn't responding well to yellow stain medicine. Watch the market do a backflip again and go into the green before closing time. This is a Fed freak show. Several months ago, the major Wall St. banks were given another public bailout- right under your nose.Huge amounts of capital. These same banks have been, and will, be using that cash to buy the market... moreover, much more capital for these banks is coming courtesy of the Fed; and President Trump. This is just getting started. The Fed. and President Trump are about to unleash MUCH more debt on America and its citizens. ANYTHING TO PUMP UP the STOCKS must distract from the free-fall economy. And here come the LIES of Powell, parroting President Trump- "The US Economy Is Strong." So is that why we need dramatic rate cuts and even NEGATIVE rates. The Fed thinks it could print a cure for the coronavirus. The FAKE market gets what the Fed wants...MORE DEBT. This market is an addict. 100% addicted to debt. The Fed. and President Trump are MORE than happy to give the market a fix when needed.. and then some more. Right now, Steve Mnuchin is in talks with the Wall St. banks and the New York Fed. The banks are going to be given capital injections directly from the Fed. Strictly to buy stocks. Powell admits on LIVE TV that central banks are coordinating their efforts. Which means they collectively will continue to enslave the world with EPIC debt. The next massive bailout will probably be a bail In. You; are going to supply the funds. The volatility before the crash will be epic. Dollar and bonds to zero money printing and inflation to infinity. The Fed doesn't print medicine. It only prints death... Our government has taken over our free markets! Our markets don't have their natural movements any longer, so conventional wisdom has been pushed aside. Dump the dollar buy gold. Drop your central bank notes ( your money) and buy gold. Become your own central bank, buy some physical gold ,more silver ,some cryptos and preps, and tune into this channel. Peace and the best of health, are the TRUE WEALTH! This decade street smarts will be the new Ph.D. Welcome back to The Atlantis Report. Please take some time to subscribe to my two back up channels. I do upload videos there, too, on a daily basis. You'll find the links in the description box. Thank You. The Fed cuts rates by half a percentage point. Stocks initially rallied sharply on the move but backed off in volatile trading. The rate cut is an affirmation of the problem. It's a signal of impending doom. Even Powell admitted at his news conference that the main economic impact from the coronavirus (supply chain disruptions) would not be solved by this 0.5% rate cut. This was not a good move. The paranoia of the market immediately set in...What does the Fed know that we don't. This has to be worse than we think it is. It also gives the appearance that they were browbeaten by Trump. They have also put themselves in a difficult situation if reversing the cuts becomes warranted. They should have held their fire. Also, there does not appear to be any fiscal policy to support the economy, so rates cuts by themselves will do very little. Stupid FED , All this rate cut did was to light a fire under gold. The way the feds behaving implies 3-ply and hand sanitizer will be the currency of the future. More Repo largess, Reverse Repo operation now underway. Their action is in support of the markets in detriment to the economy. They have lost their way, and the only direction for the USA from here is down with this Fed at the helm of the sinking ship. Donny was bragging just last night about yesterday's dead cat bounce, and now the market is tanking again, even after his Fed flunkees crank up the printing presses to print more funny money. Odd, isn't it, that this strongest economy in history needs a constant fix of cheap money and negative rates to continue climbing. Maybe the US Treasury should simply take all individual and corporate tax refunds and pump them directly into their favorite stocks, in an even clearer move toward corporate fascism. If equities are based on the forward performance of an asset, and you know pretty much all of those assets are not going to perform well over the next few months, then shouldn't they go down? Not in today's world. In today's world, stocks should ALWAYS go up. Fundamentals are damned. Remember, nothing accelerates the economy and creates jobs like falling prices to dramatically lower and more affordable levels. Nothing. The rule has always been pay no attention to what people say, only pay attention to what they do. Actions do speak louder than words. A 50 basis point emergency cut means they know something is about to hit the fan. What happens when FED cuts to the zero bound, and Covid-19 is still wreaking havoc? Trump should try to actually govern instead of trying to pump the stock market. The Fed is done as far as affecting the markets. Who goes to a bank when they have the flu? What a clown. Trump, the market pumper that he is, shows how he knows nothing when calling for the Fed to do something. It's an effing virus, not a rate-sensitive situation. The greatest economy in the history of the world needs low rates to exist. What does that tell you? Cutting interest rate doesn't do squat for a virus or supply chain disruptions. Remember folks...this is a no-win situation across the board. The debt levels are astronomical, and fiat is on the way to total worthlessness. So we're damned if they do, and we're damned if they don't. No easy way out. The best thing is to just do whatever we can to get outta their system and take care of ourselves first. Sell outta this market now if you're crazy enough to still be in it. Load up on precious metals for insurance, and load up on food supplies, supplements, household supplies, etc. now before the supply shortages get to critical levels in your area. There's not much else regular people can do if they hadn't already started preparing for the long haul, but every little bit may help. But just do what you can now before every day in all areas turns into infinite Black Friday type situations in the stores. My area is still somewhat calm, but I have done some recon the last four days around to many stores, and yesterday started to show empty shelves of cleaning supplies, anti-bacterial soap, sanitizers, etc. Foodstuffs were still doing okay, but I don't expect that to last very much longer. It's going to escalate very rapidly from here on out. Whether anyone thinks or believes this virus is as bad as it really is doesn't matter. The fact is that the damage has already been done to the supply chain, and the virus is bad enough now to cause panic buying. It will become a self-perpetuating cycle of panic buying and shortages from here on out. When the supplies run out, well, then it's game over, and folks better have as much as they can to hunker down with for many months to try and ride this whole thing out. Good luck out there...life is about to change on this planet in a very profound and historical way. I hope we make it through somehow. Like it or not...we are all now in a serious survival situation. Whether it be from this virus or due to food and supply shortages. But in actuality, it is because of both at the same time feeding off each other. Just do what you all can do to prepare for hunkering down for the long haul so we can all do our best to ride this out. It's all we can do depending on our own personal situations and where we are. It is what it is now, and there is no changing this fact, unfortunately, so people need to wake up and get with the game plan now. This won't end well. Be prepared. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my two back up channels, I do upload videos there too on a daily basis. You'll find the links in the description box. Thank You.
Thursday, February 27, 2020
Did The Pope Catch The Coronavirus ?
Did The Pope Catch The Coronavirus ?
Pope Francis skipped a planned Mass on Thursday due to illness. The Vatican did not elaborate, saying only that he had a “slight indisposition”.
The pontiff was seen coughing and blowing his nose during the Ash Wednesday Mass.
This comes as cases of coronavirus surge in Northern Italy, with over 400 people testing positive for the virus.
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