The Nomad Economist

A magnificent overview of America’s economic difficulties that succinctly points out the root of the problem: the Federal Reserve. Time to end it. Welcome to The Atlantis Report . What made America great was the fact that the average Joe could work hard and provide for his family. It was called the American Dream. But somewhere along the way something went wrong, and the dream became a nightmare. The biggest culprit in the death of the American Dream is the US Federal Government. In general, when a government stays put and does not infringe on the personal and financial lives of its people, one can almost bet that things will remain pretty stable. However, sooner or later a Government becomes a Frankensteinian operation that must feed its Gargantuan creature called Bureaucracy. And the only way to feed that giant monster is with money, which then becomes the State’s obsession since it can never have enough. Soon the State’s relationship with the citizenry it was meant to serve becomes exactly like that of a two-bit Mafia don with its coerced victims: “I want my cut. Capisce?” Eventually the State’s obsession with money trickles down to every stratum of society. As Newton’s third law of motion proved, for every action there is systematically an equal reaction accompanied by opposite reactions no one expected. And that’s what went wrong in America. As the money obsession spread, money morphed from a means to an end to the end of all means, with terrible consequences. The purpose or the end of money has become money itself. As a result, all responsibility has been thrown out the window. The problem began at the Federal level when the US Government (USG) allowed the Federal Reserve System to come into existence, without any Congressional oversight and without Constitutional Ratification. The Fed – as it is called – is a private institution disguised as Federal that creates money out of thin air. Its primary purpose is to enrich its secret and not so secret members via unlimited money printing. Its secondary purpose is to feed the USG’s gargantuan operations – at the right interest rate, of course. Hence to the Fed money is its own end. It creates money to get money. And the reason it is so is because the con-artists who control it via their private banks made it so. The robber Barons of old used money as a means to develop the United States by creating infrastructures and industries. But not today. Our contemporary robbers only want money for money’s sake. They create money with no worth (i.e., with no gold or silver to back it up) and give it the veneer of value through various money market instruments. The Fed is an ungodly printing machine of fiat money or paper money solely at the disposal of irresponsible money-addicted monsters who can never accumulate enough. When a mom and pop business takes roots, its purpose is to take care of the family. Its end is noble. However, as mega corporations displace the majority of the mom and pop businesses throughout the US, their only purpose becomes the satisfaction of their greedy shareholders who apparently can never get enough profit. Thus profit becomes the ungodly god. If there is not enough of it, employees who depend on their jobs to care for their families are laid off without any sense of responsibility or mercy, while CEOs still get to cash their multi-million dollar paychecks – salaries that could easily be reduced and redistributed to keep more employees on board until a recovery. In truth, these CEOs need a Heart Adjustment. The bottom line is no longer the family’s well-being, but the profit margin of corporations and the padded bank accounts of their executives. Though there are many good Americans throughout the land who still espouse good old fashioned morality, there are also many who embrace greed as their primary end in life. Greed is an ungodly cancer that plunges those who harbor it into moral and spiritual bankruptcy. Strangely, it’s not just the rich and the super rich who are infected with its virus. Millions of Americans want money the easy way, just like the Fed. For the full transcript go to https://financearmageddon.blogspot.com

The visible or measurable size of the derivative market, if you include options, futures, swaps, forex spreads etc, is more than $300 trillion. But there is an invisible or not easy to measure component, which is probably 3 times larger than 300 trillion. So those 2 added together, the size of the derivative markets is approaching $1200 trillion or 1.2 quadrillion . The total size of the world economy itself is less than $73 trillion. In other words, the derivatives market is more than 10 times larger than the size of the world economy. The derivatives market is, in a word, gigantic . So how can that be ? Well largely because there are numerous derivatives in existence, available on virtually every possible type of investment asset, including equities, commodities, bonds and foreign currency exchange. Some market analysts even place the size of the market at more than 10 times that of the total world gross domestic product GDP. However, other researchers challenge these estimates, arguing of the size of the derivatives market is vastly overstated. For the full transcript go to https://financearmageddon.blogspot.com

We are in the midst of a strange economic experiment; Negative Interest Rates. Negative interest rates mean that there is no saving only consumption. The result is that we use up our planet, recklessly, at an ever-increasing rate. There is a NIL value placed on any resource. Immediate exploitation of everything pays. Lower interest rates will destroy savers, banks, and the economy in the medium to long term. And eventually, kill The US Dollar. Two percent annual inflation theft rate wasn't enough. Now they aim to skim an additional two percent via negative interest rates. Banker avarice knows no bounds. Negative rates. Just another way to scam American people. The crooks will be the only ones knowing what is going on. Negative Rates equals Credit Freeze; Monetary Contraction; Economic Collapse; Depression; Currency Reset. Elites Own it All. END THE FED NOW . Welcome to The Atlantis Report. President Donald Trump has suggested the Federal Reserve should bring interest rates below zero. Trump is a big fan of low-interest rates. In fact, he has called on the U.S. Federal Reserve to take rates into negative territory, just like Germany or Japan. In theory, the banks would pay you to borrow money. But savers would also have to pay a bank to keep their money there. But what does that even mean? Will you be paid for taking out a loan? In September of 2019. US President Donald Trump posted a strange tweet that started with the following sentence: The Federal Reserve should get our interest rates down to zero or less, and we should Then begin to refinance our debt. Trump even went so far as to praise Germany's zero percent. Then he went even further on Twitter, referring to the Fed as "boneheads." But what if Trump got what he wished for? What if interest rates were actually zero, or negative, like Sweden or Japan. What if instead of a bank paying you to hold your money, you theoretically had to pay the bank to keep it there. It could happen with negative interest rates. So what exactly are negative interest rates? Interest rates are generally thought of as the cost of borrowing money. Central banks raise interest rates to cool off an economy that's close to overheating. Zero or negative interest rates, on the other hand, are seen as a way to stimulate an economy. In theory, negative rates force banks to lend more. But it doesn't always work that way. Instead, negative rates can actually have the opposite effect. They can squeeze profits so much that financial institutions actually lend less. They can also have an impact on government funding. For example, Germany's economy is on the verge of a recession, so it lowered interest rates to -0.31 percent, which means investors could be charged for keeping their money in the bank. But the country still needs to fund the government. So in August 2019, Germany attempted to sell 2 billion euros worth of 30-year bonds, which would mature in 2050, and they had a negative yield. As a result. Investors only bought 869 million euros worth with a yield of -0.11 percent. In other words, investors will, in theory, pay to have the German government hold their money. For the full transcript go to https://financearmageddon.blogspot.com

Have you ever wondered why countries can't just print more money to off their debts. or to feed the homeless or fix unemployment, or any other issue for that matter. The short answer can be summed up in just one word... inflation. Inflation is defined as "a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of the currency. Technically we could potentially resolve our debt problem in that way, but it would lead to much bigger problems. Primarily, it would result in hyperinflation .With trillion new US dollars in international hands and over a trillion of that in China alone--a dramatic increase in national income everywhere except the US. That income spike would cause aggregate demand for goods purchasable in US Dollar to soar. Merchants would naturally respond by increasing the price of their goods, re-stabilizing the real value of the dollar. The consequences of such a series of events would be catastrophic. The purchasing power of the dollar would decrease enormously. This would place strain on American buyers who now have to pay more for goods without the higher income that China has received and thus cause a recession that would dwarf that of 2008. Unemployment would spike, as many firms would find it advantageous to migrate to China and elsewhere where there is new demand for their products. Meanwhile, the People's Bank of China, for one, would be pissed because, even though they now have more dollars than they did before, those dollars aren't worth nearly as much as when they sold that debt to the US. Whereas before $1.3 trillion could have bought China, say, 200 aircraft carriers , after inflation of this magnitude , it might only buy them 20. And we know that China's in this for the aircraft carriers. They would begrudgingly buy those 20 carriers and haul them across the Pacific to vent their frustrations against our now-decrepit Treasury in person. Meanwhile, we'd be firing bows and arrows from canoes like those island people that went to war with the US in that British movie. For the full transcript go to https://financearmageddon.blogspot.com

Ray Dalio talks about bubble bursts that happened in the past and what's coming worse than everyone thinks. Stock market to crash 75%, inflation causing less food on the table, prepare while you can! Raymond Thomas Dalio is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York. Dalio is regarded as one of the greatest innovators in the finance world, having popularized many commonly used practices, such as risk parity, currency overlay, portable alpha and global inflation-indexed bond management.

The war in Ukraine threatens the world with unprecedented hunger. Even with a deal in place to get Ukraine's food exports moving, serious weaknesses in the global food system would remain. Can anything be done to prevent future crises? 00:00 - The emerging global food crisis 00:31 - Why is mass hunger on the rise? 02:26 - The impact of energy price rises 03:46 - The food crisis in Tunisia 05:06 - How hunger is driving increased civil unrest 07:06 - Export bans and stockpiling can do more harm than good 09:09 - Why global food crises will keep happening

The entire global financial world has indeed gone mad and is in totally uncharted waters. The personal debt, dollar, and government debt bubbles have yet to burst, but we are definitely getting closer each, and every day, the central banks of the world continue to print more "fake" money instead of tackling the problem head-on with spending cuts and raising taxes. Negative interest rates, $23,000,000,000,000 US national debt, crypto currencies, on and on. Anybody who thinks they know exactly how this will play out is either lying or has something to sell you. Welcome to The Atlantis Report. Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world, his net worth, equals to $18.7 billion. Only a few days ago he stated that the world just got mad and the system is broken. Ray Dalio wrote on his LinkedIn timetable: Money is free for those who are creditworthy because the investors who are giving it to them are willing to get back less than they give. More specifically, investors lending to those who are creditworthy will accept very low or negative interest rates and won’t require having their principal paid back for the foreseeable future. They are doing this because they have an enormous amount of money to invest that has been, and continues to be, pushed on them by central banks that are buying financial assets in their futile attempts to push economic activity and inflation up. The reason that this money that is being sold on investors isn’t driving growth and inflation much higher is that the investors who are getting it want to invest it rather than spend it. This dynamic is creating a “pushing on a string” dynamic that had happened many times before in history (though not in our lifetimes) and was thoroughly explained in my book Principles for Navigating Big Debt Crises. As a result of this dynamic, the prices of financial assets have gone way up, and the future expected returns had gone way down while economic growth and inflation remain sluggish. Those significant price rises and the resulting low expected returns are not just right for bonds;For the full transcript go to https://financearmageddon.blogspot.com

Almost $23 trillion in debt. $75 billion a day in REPO money printing . QE4 to the moon and back . Lets manipulate Yield Curve. Complete silence from the talking heads. When will some leader in the world, just say "Stop it!" It's beyond a joke now. The not so great USA nation and its banks are insolvent. We truly live in a post-truth world. The USA is worse off than Argentina in financial terms, by any measurable metric. The world is ignoring obvious insolvency and obscene money printing. Placing valuations on companies that bare no relation to reality. That strategy would result in balance sheet growth of roughly $180 bn a year and net US Treasuries purchases by the Fed (the sum of the red and grey bars) of roughly $375 bn a year over the next couple of years.' That's the strategy. Welcome to The Atlantis Report . I just listened to Powell. The Fed plans to purchase (finance/print/monetize) almost HALF of the US budget deficit for at least two years! In other words, expect more central bank bubble blowing while they ignore inflation! I was shocked that he spoke of inflation as a virtue!

The Great Crash Of 2022 The wealthy are now dumping assets before the recession so they can buy them back at 50% later. Today we have the news of yet Another Hedge Fund Giant Biting the Dust . Louis Moore Bacon is stepping away from Moore Capital Management, which will return money to investors . Bacon made his name exploiting the discrepancies between global interest rates and bond yields. But if the world’s major central banks are moving in lockstep and bond yields are becalmed at low levels, there’s less opportunity to make money. World’s Largest Hedge Fund Manager Ray Dalio also believes the U.S. is at risk of a recession in 2022 .From his side Hedge Fund Manager Seth Klarman, who has been called “the next Warren Buffett,” is warning that both the U.S. and global economies were at risk of a recession. Klarman, who runs Baupost Group, which manages $27 billion in assets, voiced concerns about rising debt, global tensions, and the widening political divide in the U.S. and other countries in a note to investors. Quote: “It can’t be business as usual amid constant protests, riots, shutdowns, and escalating social tensions,” he wrote. “The seeds of the next major financial crisis (or the one after that) may well be found in today’s sovereign debt levels.” end of quote . Hedge fund manager , founder and chief investment officer at Hayman Capital Management , Kyle Bass , from his side sees a shallow recession potentially in 2020 . Also adding that he thinks U.S. interest rates will follow the global interest rates all the way down to zero. Kyle Bass told the Financial Times that he believes that U.S. interest rates will plummet toward zero in 2022 as the country’s economy heads for recession and the Federal Reserve slashes borrowing costs dramatically more than expected. Welcome to The Atlantis Report. One of the most basic recession indicators is the stock market itself. When the stock market experiences a bear market (a decline of 20% or more), that is typically a sign that the economy is rolling over into a recession. It can unravel very quickly due to how inflated it currently is. They are going to run the system until it blows and then have a gigantic default around the globe. This will be affecting too many people. It will be very bad. People need to prepare and do not listen to Mainstream Media . With central banks easing again, it’s no surprise that hedge funds are getting ready for a recession. With the world economy in a coordinated funk, central banks are once again easing monetary conditions. The Fed has cut borrowing costs three times this year. The ECB has driven its deposit rate even more in-depth into sub-zero territory, and has resumed bond purchases. Negative yielding debt is once again above $12 trillion, albeit down from a peak three months ago of $17 trillion. Financial repression is alive and kicking. The system is deeply rigged. 25 trillion printed since 2008 and it hasn’t worked.mere socialism for the rich. In a sane world, less than 4% unemployment would call for higher wages. It’s simple supply/demand economics. The very fact that wages have NOT gone up and in some cases went down relative to inflation. If jobs were plenty, employers would try to attract workers with higher wages. Is that happening? NO! . as governments and central banks deliberately promote specific indicators “to present a rosy picture of the economy” while ignoring a whole host of other fundamentals that do not fit their “recovery”narrative” . And if their “chosen indicators” begin to tell a different story … they then rig the numbers in their favor . like simply lying that the inflation is 2% when it is actually 10% . We all see were we are headed but too many just bury their head in the sand not to notice. We are going to War, we are going to Zero Interest Rates, we are going to QE to Infinity and we are going to a Zimbabwe Economy Traders See a looming Recession Ahead Due to Inverted Yield Curve as Interest Rates on Short-Term Treasuries Exceed Returns on Longer-Term T-Bonds; for First Time Since 2007 on Eve of Subprime Panic. Massive Flight to Safety as Long Bond Yield Hits Record Low of 2.015%.

The Federal Reserve System has taken the most extraordinary actions in its 102-year history since the 2007 - 2009 Great Recession, maintaining a key interest rate near zero-percent for seven years while creating $3.6 trillion in bank reserves. This initiative, dubbed Quantitative Easing or QE, has become the most important Fed policy of our generation. Quantitative Easing is largely responsible for the dramatic increase in stock prices since the Great Recession. The US and other nations have become addicted to QE as they attempt to avoid another drastic fall inequities. Welcome to The Atlantis Report. This idea, known as QE for People, is gaining support among economists. QE for People would do much more to sustainably boost the productive economy, reduce inequality instead of increasing it, and provide us with the investment we need. People's Quantitative Easing is a policy that was first proposed by the socialist Jeremy Corbyn. The idea is that the Bank of England should create money to fund government investment. The idea has been highly criticized, and some called it "economically illiterate". The idea has been used on Bernie Sanders's website and endorsed by Yanis Varoufakis. In the UK, the Labour Party has proposed a “People’s QE,” whereby the central bank would print money to finance direct fiscal transfers to households – rather than to bankers and investors.' There's a world of difference between, on the one hand, 'printing' money and giving it to households, and, on the other hand, using it to finance investment, especially in public infrastructure. With the latter, if there is a crash, at least we emerge from it with a more solid basis for sustainable recovery and growth. We might do a little damage, but at least we have something to show for it - unlike the current, failed, vogue for Quantitative Easing. The case for a National Investment Bank is unanswerable. In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, and poured it into financial markets. Central banks have become the go-to institution of modern economies.

As the global economy moves forward it is difficult to ignore that it is constructed on a weak foundation of imbalances, lies, and excesses. This is why we should expect the economic "end game" resulting from decades of failed policies to be very ugly. Sooner or later all great Ponzi schemes must come to an end. When the markets finally succumb to the fact that current economic policies have failed all will collapse and the "end-game" will have arrived. Following the financial Armageddon and I do mean following, as by "several" months, central banks will be forced to unleash such a massive amount of new currency into the system to combat a scourge of deflation that it will stagger the mind. This will in effect clear the deck of deadwood through hyperinflation and pave the way forward to introduce a new or a "batch of new" currencies. Call it a "re-alignment" if you wish, but in reality, it will be the recognition that our path was an unsustainable illusion and that a new start will be deemed the best path out of the legal morass that contagion and collapse has rendered.

Whole German Economy is Slumping into Recession Germany's Federal Statistics Office announced recently that Germany's GDP contracted by 0.1% quarter-on-quarter in the April-to-June period. This has raised concerns that the country may be headed for a recession. Economists define a recession as two consecutive quarterly contractions. The German economy is on a knife-edge between a recession and small growth. Like Japan, Germany is famed for making automobiles and making that a large part of their overall economy, so when the demand for cars drops significantly, the whole German economy goes down the drain. Imagine what driverless and electric cars will do to the German economy. Besides, German cars have now lost their good reputation. They are expensive to fix are over-engineered, and many have plastic parts that break in a few years. When the U.K. and U.S. tariffs go into effect , Germany's auto industry will be crippled and unable to repair itself. This following on from the fake emissions and autotests the manufacturers submitted, resulting in jail time for many. From another side , the demographic crunch is putting significant financial and manpower strains on the German economy. And every day it gets a little bit worse. Add to this, two million immigrants and counting are using many resources without contributing. Welcome to The Atlantis Report. The Euro has fallen to its weakest level in almost seven years as weakening manufacturing puts Europe's largest economy into recession. On top of this bad news, it appears the European Union is finally moving towards crunch time with the U.K. Boris Johnson has taken the stand the U.K. will exit the union, deal or no deal. Clearly, low-interest rates and easy money have not cured Europe's problems, and the area continues to face growing anti-EU sentiment. Early this year or later this year, it will happen. German businesses are increasingly pessimistic about the economic outlook. The head of Ifo, Prof Clemens Fuest, forecasted that Germany's GDP would shrink this quarter, having already contracted by 0.1% in the previous three months. That would put the economy into a recession for the first time since 2013. "Everything we see at the moment means there are ever more indications of recession in Germany, meaning two-quarters of negative growth," he told CNBC. Germany's industrial sector has been badly hurt by the US-China trade war, with exports falling in the last quarter. Manufacturing output has contracted, as factories have been hit by falling orders. The slowdown has now spread to Germany's service sector. Companies in the industry have reported a deterioration in business conditions, making them more skeptical about growth prospects. "This is terrible news indeed," Fuest said. "It's not just manufacturing where the decline continues, but we now see that the weakness is really affecting the services sector, which is large and important for the German economy." Frederik Ducrozet, a senior economist at Pictet Asset Management, said Germany's manufacturing sector was already in recession territory, which has led to "spillover" effects in the rest of the domestic economy this summer.

Cashless payments are on the rise. They are fast, easy, and convenient. Worldwide, cashless transactions have become the norm. All over the western world, banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Sweden Is On The Verge Of Going Completely Cashless. India and China are following the trail. The Swedish central bank, predicts that cash transactions will make up less than 0.5% of the value of all payments made in the country in 2020 Now in China, in places like food courts and some McDonalds, you cannot use cash. Welcome to Atlantis Report. A Cashless society is a vision for the future. With the rapid increase in technologies ranging from debit and credit cards to technologies like Apple Pay and Samsung Pay, hard and fast cash is becoming redundant and thus a day is not far when we will do away with cash and checks. And thus this society which doesn't use cash is also termed as check-less society. Talking a bit further, the obvious advantages are:- Firstly, we would able to track our money right to the last cent, penny or paise which we find cumbersome with currency notes and coins. Finally you won't lose 25 paise buying a commodity which costs ₹ 75.75.( Americans and Europeans won't mind that much as they are still able to use their cents and pennies but still who hates convenience) Secondly, convenience. It's so liberating to not desperately counting your money in front of the shopkeeper. Safety. You don't risk losing your money and in case even if you lose your debit card or phone, no one can misuse it without your pin code or even better fingerprint(maybe even without your iris). And even better you can simply block your cards promptly and thus no one can use the cards even if they are hackers. You can obviously not block someone from using hard cash. Go green..! Not just green it would free up quite a bit of man power and natural resources which are utilized in minting money. Disadvantages- One would sorely miss the smell of freshly minted notes and the reliability and comfort hard and fast cash provides. Sure, physical cash is just a vessel of the perceived value we as a society have agreed upon. There is nothing stopping us from doing the same with bits of code stored in data centers. It might be difficult in societies like India, China, Brazil, where lots of people still only accept cash, but that will change soon enough. Mobile paying in the US is a hippie’s toy. In China, it is the main currency. So yeah, cashless is viable as long as all parties of the transaction agree to it as an excellent method of accounting for and transferring value, just be careful not to be too eager and eliminate 10% of your cash currency overnight as India did, let adoption spread naturally as it does in China . In China, there is no complete cashless status, but a cashless system is approaching. Nowadays, Chinese people are shopping, saving money, and transferring money, and all these behaviors have no cash participation. Instead, they are using Alipay and Wechat. For the full transcript go to https://financearmageddon.blogspot.com

Lockdowns everywhere and everything. It’s for your health. All small businesses are bankrupt .Too many lives ruined because of these closures . Ruining lives to "save lives" is the hardest part to understand about everything that's going on. The real restrictions will be getting worse and worse. The pandemic restrictions have created 500 new billionaires , and pushed 500 million into poverty . Largest wealth transfer in human history from the middle class to the elite. YOU'LL OWN NOTHING AND BE HAPPY. Welcome to the Great Reset. The intentional controlled demolition of our socioeconomic systems is well underway. Just what the government wants! Wants all people to be dependent on them! So they can usher in the great Reset! you don't need a Business. you need to stay home and go broke. it's for your Health!!! Yes you need money to support Survive, but You Will own Nothing and Be Happy. lmao this is what you get when you let the Government become a Tyrant!!!! …. Forget your future! Forget passing your property onto your grandkids (What property) Remember you will own nothing but you’ll be happy . We will be lining up for food if people don’t wake up!!! Our system is built around infinite growth. A constant drive to maximize profits at all times and minimize employee pay and benefits. It's what's been in The Great Reset plan all along. Our government no longer cares about its citizens. Want it to change. Stop obeying. If everyone just said no, this would not be happening. Right in line with governmental plans to destroy the middle class. Keep complying people and this will be the outcome. The Government wants complete control and no one is to own anything . What's next? An orchestrated breakdown of the supply chain... Welcome back to The Atlantis Report. When we consumers have to pay more -- somebody makes more money. Granted, in some cases, producers' costs go up. But, did line-staff wages increase 7% overall, nationally, last year? A pattern begins to emerge, and that pattern is the classic infantry tactic of advancing under cover of smoke. The pandemic is the smoke that hides the assault, the advancing infantry are the manufacturers, and the poor sods being assaulted are we the regular folks. Persistent supply chain backlogs and high consumer demand for goods have kept prices elevated. The solution, therefore, is quite simple: stop buying so much crap! Put the money you were going to spend on a new monster flat-screen TV in a mutual fund and watch it grow substantially for a year or two. Repair that old used car of yours instead of buying a new one. Wear your old clothes instead of always buying new stuff. Eat less meat, or no meat at all. Decide that you don't actually need the very latest iPhone or tablet computer or Fitbit. Borrow books from the library instead of wasting money on paperbacks. Honestly, people, stop giving in to the notion that we're driven by endless consumerism and spending. Our landfills are overflowing with stuff we throw away just to make room for new stuff. The fact is that many of the markets with inflated prices involve necessities. Housing costs are a big one. Also, it is tough to reduce energy in heating your home in the short term. Total costs to better insulate from electric to heat-pump are also going up. Even the cost of a vegetarian diet has increased (but I don't expect everyone to become a vegetarian). Buying a used car is often the frugal action, but it is used car prices that have the steepest inflation. Car repair shops are finding it hard to maintain skilled staff and their supplies are scarce with costs increasing. It may sound fine to keep wearing old clothes, but kids grow and many adults can't show up at their jobs wearing worn out clothing. (confession, I periodically throw out my tighty-whities and buy new ones - they just get embarrassing). The answer is more on the supply side here. We need to reduce the supplier and supply chain tangles. And that depends a lot on dealing properly with covid. Even without covid, there needs to be better diversification of suppliers (with some of that sourcing coming back to the US.) The governments wanted an offshore supply chain. They cashed in on outsourcing. The showered tax cuts for them for closing down American factories. And now they're complaining about inflation from supply chain issues?!? That's hypocritical. Why the confusion? The reason inflation is raging is the ridiculous, and anti-American worker - decision to move corporate operations and jobs offshore, meaning a majority of products need to be shipped here instead of made here. And basic greed by companies taking advantage of the pandemic and raising prices. This is all on Corporate America and their paid for politicians who enable it all.

Bretton Woods vs. China's Belt and Road Initiative -The New Silk Road is The New World Order 75 years ago, the Bretton Woods conference laid the foundations for much of today's global economic order. But the system is facing a serious threat from growing nationalism and protectionism worldwide. While today the U.S. is in a trade war with China, the foundations of international trade were laid to avoid war altogether. In this video, we will give you a quick rundown of the Bretton Woods System, the system of global trade that emerged at the end of WWII. Welcome to The Atlantis Report . So here is a little history lesson , we are going to talk about the Bretton Woods system . so the year is 1944 the end of World War two was in sight the Allies realizing that they were going to win ,wanted to get together and talk about creating a world where war and depression could never happen again , they met in Bretton Woods New Hampshire , There they spent a month negotiating , there were 730 people or delegates from 44 different countries all our allies , and essentially what they did was create a three-legged stool a tripod of institutions to guide the post-war world , this is how that three-legged stool works today . The first leg is the International Monetary Fund or IMF .the IMF works with countries that are having problems with money problems with debt and paying back the money that they borrowed and the IMF gives them advice on how to change their internal policies and structures in order to fix the problems that they've got .the second leg is the World Bank back in 1944 when the delegates met at Bretton Woods they realized that poverty is a big motivating force when it comes to conflict and violence and they decided that if they could help countries grow and create jobs there would be a better chance of peace , so the World Bank is primarily a lending institution with a goal of ending extreme poverty and it lends money to poor countries for economic development . the third leg of the stool as it stands today is the World Trade Organization or WTO the WTO promotes global trade and free trade and it also functions as a courtroom for member countries to resolve trade disputes with one another basically the WTO upholds the rules of international trade . So the money changers that financed both sides of WWII met in July of 1944 to figure out how they could keep their scam going. This year French Finance Minister Bruno Le Maire has publicly admitted something normally reserved for backroom discussion in the circles of Europe’s governing elite at an event honoring the 75th anniversary of Bretton Woods . Le Maire stated ever-so candidly that “the Bretton Woods order has reached its limits. Unless we are able to re-invent Bretton Woods, the New Silk Road might become the New World Order”. Le Maire dives so deeply out of reality that he actually believes that the radical transformation desperately needed in the west does not involve collaborating with the New Silk Road, but rather to strengthen the power of Brussels, while becoming more technocratic and more green (aka: de-industrialized, de-populated). The Bretton Woods of 1944 and New Silk Road of Today Seventy five years of revisionist historians largely funded by the British Roundtable/Chatham House and its American branch (The Council on Foreign Relations) have obstructed the true anti-imperial nature of the founding intention of Bretton Woods and the post war order centered on the United Nations. Then, much as today, two opposing factions were vying to shape the essence of the world order as the Nazi machine ,funded by Wall Street and London’s Bank of International Settlements ,was drawing to a close. I am not talking about Capitalism vs Communism. For the full transcript go to https://financearmageddon.blogspot.com

Bold Actions Opening Plenary – Food Systems Outlook 2022 Food systems account for up to one-third of global greenhouse gas emissions and are failing 768 million people living in hunger. In the face of volatile global shocks from conflicts such as the war in Ukraine, the COVID-19 pandemic, and extreme weather events, it has become more urgent than ever to transition food systems to a net-zero, nature-positive infrastructure that nourishes and feeds everyone. The compounded effects from these global shocks are deepening chronic complex challenges, from hunger and nutrition to climate and nature, and societal inequity. In this Opening Plenary for the ‘Bold Actions for Food’ event, leaders will explore the interrelated risks threatening regional and country food systems, which are already under pressure to navigate complex transitions. The interactive panel will explore the pathways that address these challenges and discuss how to raise ambitions for joint leadership actions that leverage global milestones in 2022, including COP27. Key topics to be addressed: • Global outlook for 2022; Rising food insecurity and market volatility • Enabling countries to take on integrated transitions across food, nature and health • Unlocking policy, innovation and finance levers to scale solutions What global priorities and corporate action can accelerate and scale the delivery of sustainable, circular global value chains? This session is co-convened by the World Economic Forum, the Swedish Ministry for Environment and the United Nations Environment Programme to drive an important sustainable value chain conversation on the road to Stockholm+50 and beyond. Stockholm+50 will bring the global environment community together from 2-3 June to accelerate actions for a better future on a healthy planet.

Every day the dollar gets weaker. Just a matter of time till it all collapses... Then 80% of the American service jobs will be worthless, as all the bureaucracy collapses with the Dollar. Only developing market stocks saw some inflow even though we have an all-time high in M2 money supply. Things are looking dire. Stagflation is weak growth along with persistent high inflation. It is usually seen as a particularly vicious period in the economic cycle when very few asset classes perform well. The cost of goods and services rises, and the cost of labor, in turn, rises and drives the cost of goods and services to rise. Be careful. Debt is not income. Borrowing to consume will lead to ruin. In lieu of income that used to come from plentiful jobs and opportunities, Americans have been handed credit to fill the gap. If you don't escape this trap, your future is certain. It is impossible to have a civil society when the government manipulates everything, every market, every policy, the news, what your children are taught, everything. If you think it over carefully, life was good for the USA up until the moment we started weaponizing the US Dollar. The petrodollar died, and nobody is reporting the story. Hyperinflation is inevitable. Excessive money printing should be criminal. Stealing billions from savers to enable fiscally irresponsible practices is unethical. We're way past the time when anything could be done about it. It is the end of the empire and they are going to print until the currency is ruined and the elite and their cronies are right now in the process of doing what is always done at the end of empires... raiding the treasury. Outsourcing and offshoring jobs has been happening for decades, but with the rise of the modern day internet, it's reaching unprecedented heights. You can outsource pretty much anything, and as someone who has worked in the eCommerce field, let me tell you, the majority of these companies/startups use cheap labor from overseas. Anything from copywriters to graphic designers, and data analysts. You name it. Bookkeeping, accounting, customer service, underwriting, and other jobs to workers in the Philippines because he can pay them $3-5 an hour. Meanwhile, he constantly says "no American wants to work." We couldn't compete with the cheap labor that's flooding the country. It's a race to the bottom. So what does this have to do with America not producing anything, you might ask? Well, it's hard to produce and having to compete with a worldwide market. You and I may want to start making American-made t-shirts, but our labor and cost of living will have us price our shirts at $30-50 to see a bit of profit. While, people would argue they could get the same shirt at Walmart for $5-10, made in Vietnam. This is why, if you look at the last 25 years, nothing has really changed in Western countries. 1995 America really isn't any better off than 2021 America, and it can be argued that 2021 America is far worse. All of the money that could have gone into building better products went into Wall Street speculation. Turing Microsoft, Apple, Amazon, Facebook, and others into multi-trillion dollar corporations. Then you look at the cars. You can find cars from 2000 that still look like they could be currently sold. Not to mention that a Dodge Charger/Challenger is based on a 1997 Mercedes E class. We all think we have free-market capitalism but in essence, it is nothing of the sort. The entire game board is tilted and skewed in a way that sucks wealth from the poor and unknowing to the wealthy and insiders. The complete disconnect between the financial class and the main street is greater than ever before, and it's not coming back. 👉 For the full transcript go to https://financearmageddon.blogspot.com

Everything’s wonderful , the market should be soaring! Inflation out of control, socialist want redistribution and higher rates, the Fed is still pumping until mid march , Russia to invade Ukraine, Biden overreacting to cover up prior Afghanistan mess, Democrats want to spend trillions more, Fed won’t take actions necessary and US government so far in debt it will never recover. No homes or cars to buy. Shortages everywhere! Send it up 10,000 per day -what’s the difference , it's all fake. Share buybacks have skyrocketed because interest rates remain low and companies are having a very hard time finding alternative profitable investments. At the price of some of these stocks, it is a huge waste of money. The market wouldn't be at this level if the federal government didn't incur record deficits in the trillions for two years straight. The Fed is complicit insofar as they have been enablers of this reckless spending by monetizing all that debt for the government. Their purchases of T-bonds has kept the rates nice and low. The market won't be at these levels if the Fed didn't feed companies by buying their bonds with stimulus (money created out of thin air). Share buybacks were mostly funded by Fed stimulus and one of main reasons why the market kept going up throughout the pandemic. You can do the math. $120 billion of stimulus per month x two years = over $2 trillion in stimulus being injected indirectly into the markets. The Casinos all around the world are RIGGED with a simple click of a mouse....I believe we get an EVENT......to conveniently place blame for the Crash when it occurs!! Seeing that printing, in theory, can go to infinity I guess there is no limit or timeline for reversal. The only thing that could change that is if ordinary people some day come to look at a US dollar as a filthy rag. Too much money printing. There'll be plenty of freshly printed cash to soak up any market crash.The stock market will go to the moon before the effects of hyperinflation kicks in. More trillions are going to inflate the NUMBERS REGARDLESS OF THE "REAL" VALUE. Low rates will keep the market up. The inflation will be brutal for the average citizen. Only a debt ceiling failure would prevent the melt up. Collecting crypto capital gains by proper tracking could 'RECYCLE" the stimulus back into the treasury. This is all such a ridiculous fiscal failure. It will blow. Printing cannot go to infinity. That is the definition of hyperinflation. It's the definition of MMT. The pied piper is coming, to call all debts due and payable. Government debt to GDP of 54X and 125X and , Private debt to GDP of 181X and 235X. With $330 Trillion in global debt, they'll have to pull the plug at some point. The question is when. The globalists cannot afford a rise in populism/nationalism - it would sink their scheme to reset global order . As the US has begun to recover, at least economically from the pandemic, there's been an upsurge of demand,the US has seen a lot of supply chain pressures, including shortages of parts and materials,like semiconductors that go into so many products,including electronics. And also, container ships have been blocked at ports, such as Los Angeles and Long Beach.So they're backed up, and that means a shortage, and in some cases, it means retailers feel that they can or must raise prices. When politics are more important than economics you have inflation, fuel prices are the most obvious example. This is a tax on everyone making less than $400k per year. Thanks whoever is in charge. If truckers quit their jobs, society would immediately collapse. If politicians quit their jobs, the world would become a better place. We need truckers more than anybody else. The failure of our institutions guarantees that America is a third world country and not a very good one. The poorly educated Millennials will be unable to save themselves but perhaps a few years of Depression will cull them out or change their attitudes.

We should all be able to afford a home in an area we want to live. But for many of us in the UK, with prices spiralling way beyond incomes, this isn’t a reality. Instead, finding somewhere to live can often feel like a game. Why is this? And who are we actually playing against? This video tells the story of the UK housing affordability crisis, explains why prices keep on rising, and offers a way out of the unsustainable mess.

You Are Not a Robot [Andrew Sheng] The world has changed, and we need to adapt. Andrew Sheng calls for a more human economics to drive us toward a sustainable future. This Is Your Wake-Up Call.

Nobody likes to be in debt, but we owe even more to interest itself. Jo Michell (@UWE Bristol) paints us a picture of the origins and applications of this oft-misunderstood economic tool. If we're going to build bridges into the future, we need to first understand how we got to where we are. Our new series "INET Rewind" quickly unpacks the fundamentally important concepts that we all take for granted. Let us know in the comments what concepts you'd like to see us explore in future episodes!

The economic sanctions that have been imposed upon Russia have caused immense damage, but a loss of the petrodollar would be absolutely devastating for the U.S. economy. Since making an agreement with the Nixon administration in 1974, the Saudis have traded oil exclusively for U.S. dollars. Today, approximately 80 percent of all oil produced in the entire world is traded for dollars, and the “petrodollar” has become one of the foundational pillars of the current global financial system. Most Americans don’t realize this, but far more dollars are actually used outside of the United States than inside the United States, and having the reserve currency of the world is a massive advantage for us. Up to this point, there has been an insatiable demand for U.S. dollars all over the planet, and that has allowed us to enjoy a standard of living that is way above what we actually deserve.

6 Signs of The Coming Global Depression The next crash is almost certainly going to be massive, painful and, more than likely, long-lived. Debt. Massive Consumer, Student, and Mortgage debt. Basically, the exact same things that caused the last recession are pretty much in place now. It won’t be triggered by interest rates suddenly going up on Adjustable rate mortgages as much as people making the decision to reduce their debt. They slow their purchasing, Jobs are cut, and those people lose their purchasing power. Unemployment goes up and the people who lose their jobs can not find new ones to pay for the overinflated houses they bought. Recession triggers massive defaults, banks go under, and there you go. For the full transcript go to https://financearmageddon.blogspot.com

The first market sessions in 2020 confirmed the positive trend recorded the previous year. However, some events could lead to a reversal. The first sessions of the stock markets in 2020 were characterized by new highs, accompanied, however, by a return of volatility. Political tensions contributed to the climate of uncertainty. This market remains priced to perfection on artificial liquidity. With liquidity bound to be reduced expanding growth needs to emerge for valuations to be sustainable. The bond markets signals no such growth emerging. Either the bond market has it wrong, or it represents a lurking risk. This tight rope market remain vastly overbought and pushing against resistance but is currently impervious to risk. The next few days and weeks may put this risk free attitude to the test. Key to keep an eye on all of these lurking risk factors. Here's 3 Risks To The Bearish View. The QE Candy . The REPO Fuel. The Rate Cut Cake. Stocks are expensive because the Feds pumped over a trillion dollars into the market and continue to pump billions daily. The FED stops pumping money or even talks about raising rates, say good bye. QE is not an indicator of a healthy economy, but a very weak one. Investing in stocks can be a smart move, but you have to be careful. Welcome to The Atlantis Reports. The first sessions of the stock markets in 2020 were characterized by new highs, accompanied, however, by a return of volatility. In particular, political tensions in the Middle East have contributed to the uncertainty of recent days. Based on this scenario, we indicate some questions that could accompany the equity markets during 2020. In the following analysis, we try to answer each of the questions. Will there be a recession in the United States or globally? No. We believe 2020 should show a continued recovery of economic activity, albeit moderate. We expect growth to remain around trend levels for the main economies, but we believe that the United States could offer a positive surprise . Will the US-China truce on the commercial front hold up? Yes. We expect the recent ceasefire to continue as both sides have strong incentives to avoid further escalation. However, we believe that other "phases" or an all-inclusive trade agreement are unlikely, with the negotiations likely to stop. Will the United Kingdom manage a trade agreement with the European Union by the end of December? No. Boris Johnson has campaigned to "end Brexit" and has not further extended the transition period beyond December 2020. However, we believe that a complete trade agreement is unlikely to be reached in a matter of months. We expect an extension, but we recognize the possibility of continuing with the WTO legislation to continue negotiations from the outside. Will the main central banks remain on hold? Yes. We believe that the Federal Reserve will not need further cuts, given the improvement in the global environment, and that inflation will not increase enough to justify an upward revision. We also expect the European Central Bank to stand by, putting pressure on policy makers on tax support. We believe that the Bank of Japan will continue with an accommodating stance, but will be limited in its actions. The Bank of England may have to cut back to support a fragile economy. Will core inflation rise significantly in the United States? No. Inflation is likely to rise, especially with base effects on oil, but we believe core inflation will remain contained, suggesting that there will be little pressure on the Fed to raise rates. Will politics and geopolitics still be market drivers? Yes. Trade issues are likely to continue to occupy the front pages of newspapers, not only in the United States and China, but also in Europe.

Housing Crisis 2.0 worse than 2008 Recession -- Economic Collapse -- Market Crash A Bloomberg article years ago titled "Wall Street Unlocks Profits From Distress With Rental Revolution" looked behind the curtain and pointed out that a great deal of this housing recovery that has driven the average home price up 30% since 2012 has been the result of Wall Street hedge funds buying in bulk foreclosed houses in order to turn them into rentals. Like many people, I find it totally objectionable these deals were "bundled" and offered in such a way that allowed big business to crowd the average American out of the housing market. In parts of the country, cash fleeing China and other troubled countries has flowed into the market pumping up prices. These type of situations create a questionable base for higher home prices when we consider the low end of the market is driven by Fannie, Freddie, and the Federal Housing Administration all insuring 3.5% down payments from borrowers that lack substantial collateral. History has shown that such special financing simply encourages people to rush out and buy homes they cannot afford. It is important to remember that low-interest rates do not necessarily bring about quality growth or prosperity, decades of slow growth in Japan has proven this. One of the sad accomplishments of current Fed policy is that low-interest rates often do not create all that much new demand but simply moves what does exist forward. To make the situation worse the Federal Housing Administration is busy issuing and guaranteeing risky mortgages written by thinly capitalized non-banks. In 2012 the large Wall Street banks represented over 65% of Federal Housing Administration backed loans, today that number has cratered. Even they have realized loaning money to people that won't pay it back is a recipe for disaster. America is preparing for a replay of the 2008 housing crisis.We are even seeing restrictions raised on borrowers with past foreclosures in a housing market that may drop 20% when this Fed Wall Street bubble pops. A strong appetite among foreign investors for office buildings, apartments, malls and other real estate For the full transcript go to https://financearmageddon.blogspot.com