The Nomad Economist

👉Robert Kiyosaki – Get Your Money Out Of The Bank -- Don't Save , Hedge !! Robert Kiyosaki always says that the big mistake is so many people believe it's essential to save. That's ridiculous, Kiyosaki explains; and the reason that's ridiculous is that what happened in 1971 is crucial. In 1971 the US dollar stopped being money. In 1971 the US dollar became a currency. And what that meant is Richard Nixon in 1971 took us off the gold standard. That's like giving an alcoholic free rein to the bar, or it's like giving somebody who can't control their spending unlimited credit cards. What's happening is all the savers today are losers. You know the problem with 1971 is that the federal government keeps printing money. The value of your money keeps going down. If you notice as the value of the dollar goes down, prices go up. They call this inflation. But really what it is; is the dollar's value coming down. So savers are getting wiped out today. To save money, that is not the new rule that's an old rule. A very big problem for most people is to stop using the word save and use the word hedge. You've got to hedge your money. Hedge against losses That's why this idea that you're going to tell people you need to save money; that's really an obsolete idea. Because the concept went obsolete in 1971, the US dollar in the last few years has lost almost 80% of his purchasing power. This has happened throughout history. It happened thousands of years ago with the Romans, with the Greeks, with the Germans, with the English, the Japanese, and the Chinese. Every time they've made money into a currency, something you could print at unlimited. Every time they have that has happened, the currency has gone to its true value, which is zero. I am afraid as this economic volatility continues, the savers who will operate in by the old rules of money are just going to get wiped out because the purchasing power of their dollar is going to go down. You can't keep up with the bank's printing money. That's the old rule of money; is saving money. And the new rule is a hedge. The reason 1971 is such a critical time, was because the US Federal Reserve became the bank to the world. They could print as much money as they wanted. Never in the history of the world has anybody been allowed to print money for the rest of the world. Every time people have done this, chaos is broken out. And that's why there's chaos in the world today. In 1913, when the US Federal Reserve Bank was created, they were basically allowed to print money for the world. Every time that has happened throughout history, a despot has arrived; for example, in 1933, a man named Adolf Hitler rose to power when the Weimar Republic was allowed to print as much money as it wanted to do. And when Russia's currency broke down; a man named Lenin rose to power. When the Chinese economy broke down, Mao Zedong rose.

The middle class does most of the work, pays most of the taxes, and creates most of the jobs. In profession after profession, government control freaks have made it nearly impossible to make a living, and this has pushed the percentage of Americans that are self-employed to historic lows. The government is not the solution; it is the problem. The most expensive and inefficient sectors of the economy, healthcare, and education are dominated by government subsidies and regulations. And, of course, taxation is theft and, along with debt, the main source of government revenue. We must starve the beast. The economy can not be controlled. It can only be screwed up. Leave free markets alone, and all will be well. The middle-class today is losing ground not just in financial security and agency (control of capital), but in intangible capital. Credit cards, student debt with no degree/worthless degree, 10-year auto loans... Cry me a river. The K-12 cartel has become a de facto Stupid Factory, stamping out worthless slugs. The truth is that most American families are deeply struggling, but you hardly ever hear this from the mainstream media. Have a good look around your neighborhoods, stores, and schools. America looks nothing like it did even ten years ago. For many American's as good-paying manufacturing jobs fled the country for distant shores, life has become more difficult. Many of the people who have experienced the slip into an economic quagmire and rough times often will tell you, "I never thought it would happen to me." In the end, expect these people to become a burden to society. The number of people living on government transfers of wealth has grown over the years, as of today the National Debt Clock shows that over 167 million people are currently "receiving benefits" and 38 million Americans are on food stamp recipients up from 28 in 2008. The existence of the American middle class is threatened by two major factors. Stagnation in the domestic economy and globalization. Sad America! Primitive, decaying infrastructure.

Peter Schiff warns everyone about the coming catastrophic crash that will be caused by the Fed. Based on what's going on in the global economy and what's going on in the U.S. economy we're going to have a lot more inflation but that's not going to stop the recession from coming. It's going to be stagflation but the stagnation will be so bad and the inflation will be so bad that a better way to describe it will be an inflationary depression. Peter Schiff is the CEO of Euro Pacific Capital Inc, financial commentator, and radio personality. In August 2006, the stockbroker Declared: “The United States is like the Titanic and I am here with the lifeboat trying to get people to leave the ship ... I see a real financial crisis coming for the United States.” In later debates, he predicted crashing real estate prices in 2007 and a looming credit crunch. 📌 Special thanks to: Peter Schiff

The Chinese economic downturn comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China. China was a (domestic and international) debt-free country in 1975. Up till ten years ago, China's economy relied exceptionally little on debt. But China lost its debt hindrance in late 2008 when the global financial crisis erupted. With growth slowing sharply and 20 million people losing their jobs overnight, the government unleashed a giant stimulus that was powered almost totally by bank loans. The debt genie was out of the bottle -- and it has been challenging since then for China to stuff it back in. Opening the credit floodgates saved the Chinese economy after the global financial crisis. The government cannot disengage the country off this debt dependence. China’s total debt — corporate, household, and government — grew to over 300% of its GDP in the first quarter of 2019. China’s debt-to-GDP had bubbled to more than 300 percent from 160 percent a decade ago. It is causing many analysts, including Chinese officials, to warn of a financial-sector debt bubble that’s waiting to burst. Debt scratches at a level 6 with deeper grooves at a level 7. China is now very much past the tipping point where the debt simply no longer can be ignored. The cost of servicing the debt simply diverts from almost everything else. And there’s a whole host of hidden debt in China, which had kick-started stimulus this year as its economy slowed. The trade war has put a dent in efforts to pare the gargantuan debt as the Chinese government sought ways to boost the slowing economy, which was at its lowest growth in 27 years this year. As China tries to move away from export-led growth to domestic-led growth. Debt levels in China quickly soared vertiginously a few years ago as the banks extended record quantities of credit to drive growth, which led to the second world economy undertaking deleveraging efforts, or the process of reducing debt. China's economy relies on too much debt. And the enormous boom in credit risks, potentially leading to a new financial crisis. The country's debt has grown expeditiously since the global financial crisis. China's economy is based on a shadow banking and Ponzi scheme. China's enormous infrastructure spending was often invoked as a model for the US. But with debt piling up, Beijing must juggle ever-more furiously to maintain appearances. China has 64,000,000 empty apartments. All those empty apartments which were made in the hopes that the value of the land would increase overtime AND that people would rent them out. But I am assuming none of that is happening, and that they are losing a lot of money. China's corporate debt is another huge problem too. Companies in China owe more than the economies of the UK and Netherlands combined, and that could have repercussions for the world economy. The Chinese Debt mountain has escalated from Virtually zero in 2000 to over 35 Trillion USD in 2018. That means each Chinese owes $20,304 when china's minimum wage is $1.60 per hour. Over 80% of china's debt is held by the National and State Chinese Banks. And they know full well that as a large chunk is in Western Business, then it is un-repayable. So the only resolve is massive Global financial meltdown or Debt forgiveness. And that is the exact horse that the Chinese and US are riding. Deutsche Bank has recently climbed aboard. In that Central Banks, many of which are over 60% Leveraged; will have no alternative if wanting to avoid Global Fiscal meltdown on Fiat currency that Debt Forgiveness and Printing even more Paper are the only tools left with most economies at 2.5% growth or lower. You can not taper a Ponzi scheme in that Compound interest repayment is unsustainable in low growth economies. US Bond market is now inverted. The 2008 financial collapse has never been dealt with. And now all that Toxic debt with its new mates is falling out the cupboard it was hurriedly stuffed in all over again. China's problems and our problems are the same.

Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony. Hungarian National Bankis set to repatriate 100,000 ounces gold from England. This is not an unusual move. In recent years we have seen the likes of Germany, Austria, Belgium, Venezuela, and the Netherlands each repatriate their gold from various locations. The pace does appear to have been picking up since Venezuela decided to repatriate its 180 tonnes of gold in 2011. Over the past few months, 100 tons, or some 8,000 gold bars, were secretly transported from the Bank of England’s vaults in London to Poland. Also Inspired by Polish example, Slovakia considers repatriating gold from the UK. Serbia, later on, joined Slovakia in this Sudden Eastern European Gold Repatriation trend. Countries across the globe are trying to shake off their dependence on the dollar by buying up the yellow metal. One example is Slovakia; it's now thinking about restoring its gold reserves from UK banks, something Poland did a week ago. Welcome to a new gold rush! It's a plot to disintegrate the US dollar. Counties are sick of giving the US their produce for nothing more than toilet paper in return. I can see the US government hiding in their deep tax paid underground military bases when the world hits the next coming catastrophe. Welcome to The Atlantis Report. It's a 21st-century gold rush. Countries around the world are looking to the precious metal to cure their dollar dependence. The main switches are China and Russia. But Eastern Europe is now joining in for its own reasons like many. Slovakia has its gold reserves in the UK, and now the former prime minister is trying to get it back. Days earlier, Poland recalled 100 tons of its gold reserves from the Bank of England, and the polish national bank was certainly happy about it. Other Eastern European countries like Hungary and Serbia began recalling their gold as early as last year. People in Eastern European nations are not as choked in propaganda as the Decadent West is. Likewise, they know how easy it is to be played for fools. Russia has some way to go for strengthening ties to many of these nations, but it is definitely not going the wrong direction. Interestingly enough, it seems like Macron is the first Western "leader" to see what is happening. It cannot be trusted, but it is interesting that France is somewhat breaking ranks with Merkel and the EU about NATO. Now, the mainstream media has covered this new gold rush, but what they'd probably like to avoid is admitting that it's getting pretty close to home. Take Germany; it just increased its own gold reserves for the first time in 21 years. The global tensions caused by economic sanctions and trade conflicts started by Washington have forced targeted countries to take a fresh look at a substitute payment system currently dominated by the US dollar. Russia, China, India, Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves. Why Europe, China, and Russia are accelerating the process of de-dollarization can be understood only if the meaning of the Iran deal is adequately understood. Iran is, above all, a specific example in what Washington can do to you if you expose yourself to the US dollar for better or for worse. Tehran would not, of course, be considered particularly US-friendly. But in order to participate in international trade, the Iranians had to rely on the US dollar and the SWIFT system, which handles international payments. SWIFT belongs to an international banking consortium and is even based in Belgium – within the EU. Nevertheless, the USA was able to build up enough pressure to exclude Iran from SWIFT. The United States is extensively using the dollar as a weapon. And with every transaction in dollars, one is forced to follow the American sanctions against Iran, even if the USA is not directly involved in a trade. For example, when it comes to oil exports to a European country. Europe, China, Russia, and many small countries set new initiatives every year to make themselves independent.

The global economy is enthralled with the problems at the start of 2019 ; with another major economic crisis brewing in Europe . The growth of the continent has slowed practically to a standstill, and two of its four biggest economies are on the brink of recession. The Eurozone Crisis has taken a significant toll – both economic and political – on EU member states, including the Union as a whole. The EU, One of the world’s most extraordinary experiments in governance–a union throwing together what is now 28 countries with wildly different cultures, to fight around a negotiating table rather than on the battlefield–is under siege from within. Europe is facing economic crisis, immigration crisis, Brexit Crisis, secession crisis, and Rise of nationalism and regionalisms.And demographically, it doesn't look good. The debt crisis started in 2008 with the collapse of Iceland's banking system, then spread , primarily to Portugal, Italy, Ireland, Greece, and Spain in 2009. It has resulted in a loss of confidence in European businesses and economies. The ECB is under fire from all sides for its incapacity to stimulate Europe's economies. The European banks are facing a make or break moment. European banks are in crisis for structural and cyclical reasons. Abraham Lincoln once had a very famous saying. He said a house divided could not stand. One must remember that the EU has initially been set up to mimic the U.S. in its structure. But that isn't working out. That should be taken as a hint that the U.S. isn't successful either. It is evident that we are moving towards a Financial Armageddon that will shake the world to its core. The numbers simply don't lie. Call it a "re-alignment" if you like, but in practical terms, it is the recognition that our path was an unsustainable illusion. We are but pawns in the giant game known as the global economy. The situation has become dreadful, and the numbers do not work. Borrowing money to simply pay the interest on past debt and Negative Interest Rates is not a prescription that leads to economic nirvana and bliss. BREXIT to the West, POLEXIT to the East, GREXIT to the South. Full speed ahead with Migration! What could be better than Business bringing energy Supply and Demand together at any cost with the added benefit of denying Russia a lucrative Natural Gas market. The only problem is nationalism, religion, and culture get in the way! Welcome to Atlantis Report . The EU passed laws to make it legal for bail-ins. So if you have under 100,000 Euros, you would lose 40% of your account. If you have over 100,000, you will lose 60%. The recession has left a legacy of non-performing loans on Italian banks’ balance sheets. Policymakers in Italy understand well significance of correcting their banks’ problems to boost a healthy economic recovery. Reforming the judicial and extrajudicial processes for recovering collateral offers the potential of improving banks’ balance sheets and improving financial stability, not only by increasing loan collections directly, but also by enhancing borrowers’ incentive to service their existing debt. A combination of market volatility caused by Brexit, questionable politicians, and a poorly managed financial system worsened the situation for Italian banks in mid-2016. A staggering 17% of Italian loans, approximately $400 billion-worth, were junk, and the banks needed a significant bailout. A full collapse of the Italian banks is arguably a more significant risk to the European economy than a Greek, Spanish, or Portuguese collapse because Italy's economy is much larger. Italy has frequently asked for help from the EU, but the EU recently introduced "bail-in" rules that prohibit countries from bailing out financial institutions with taxpayer money without investors taking the first loss. Germany has been clear that the EU will not bend these rules for Italy.

The New York Fed Adds another $115.14 Billion in Short-Term Liquidity to Markets . Additions include $80.14 billion in overnight repurchase agreement and $35 billion 14-day repo. The federal reserve is nothing but a loan shark for the deficit spending government. It’s the government’s fault for all this monetary mess, not the banksters. They’re just profiting from the control of money creation and all assets traded in the stock, bond, and commodity markets. Get out of the casino and get into silver hoarding or use your dollars to buy real hard assets like farmland , real estate and gold . It’s the only safe plan in preparation for the coming dollar collapse. Period. Expect a trigger event in the coming months for a global re-set . Welcome to The Atlantis Report. Trump tweets that the economy is excellent, but rail, trucking, autos, and credit burdens tell a very different story. Another Report says that the largest bank in the world, JP Morgan, has reconfigured its entire portfolio in order to take advantage of Federal Reserve liquidity injections (Repos); despite destabilizing the system by no longer participating in inter-bank lending that banks usually do among themselves without the Fed. And Deutsche Bank is rumored to be already declared bankrupt. The banks don’t trust each other or are out for themselves like JP Morgan , or are failing like Deutsche Bank. But yet American public is not purchasing American Silver Eagles like years ago but are continuing to trust the banks. The public is asleep! The Federal Reserve cannot borrow or create the amount of currency needed to continue its operations fast enough. What is going on? What are they afraid of? It appears that JP Morgan had the narcotic proceeds confiscated, and to cover their cash losses, they raided the REPO holdings and drained the pool. The actions of one bank have forced/excused the Federal Reserve's attempts to bail. Watch closely as the Federal Reserve Balance Sheet balloons to at least $8 Trillion, while the Gross National Debt climbs above $33-35 Trillion over the next 12-18 months. THE INCREASE IN DEBT IS MONEY THE BANKERS OWE TO AMERICAN CITIZENS. The bankers are all criminals. They get away with stealing wealth from the people. Those in charge of protecting the people are just as guilty. The only winners are those who convert FED debt notes into real money, silver, and gold. In the past two days, JP Morgan has lopped one dollar off the spot price of silver. Two massive episodes of naked shorting. I see it this way; it’s like a bookie who only takes eight bets on the team that they know is going to lose and two on the winning team, on a game that they see the outcome of. They get to keep 60% of the take every time. The same way the algorithm is programmed to reap the profits from futures and options trading. Price fixing. All in the guise to keep the dollar worth something in world markets. Every country playing the dollar game gets robbed blind. When will they learn? Investors have nothing until they cash out and convert their FED debt notes, to pay in full tangible assets.

A full-fledged crisis is going to hit the Indian banking sector soon with Yes Bank, Lakshmi Vilas Bank, Dewan Housing Finance Corporation DHFL, Indiabulls Housing Finance, Reliance Capital, Altice and scores of Non-Banking Finance Companies going bankrupt. Tighten up India's own Lehman moment is approaching fast. The recent banking catharsis, which was brewing up since the past years, was bound to erupt and was indeed the major spark leading to the banking system being cash strapped. Worst times seem yet to come and sincerely hope that the rejuvenation measures take lesser than four years to resuscitate a somewhat dwindling economy for now. The slowing of the economy is beginning to reflect on the individual segments too. GDP grew at its slowest pace in the past five years in the last quarter of fiscal 2019. Indian banks are being run like a source of easy loot. The financial collapse is coming soon; And can be seen all over the wall. India's economy is crashing & crashing hard. Welcome to The Atlantis Report. So How bad is The Non-Performing Asset NPA problem with Indian banks? aND Could the revelation of actual truth lead to economic collapse? The problem is massive, and it will lead to the collapse of many banks. Indeed real figure of Non Performing Asset is massive, some banks (as big as Bank of Baroda and Punjab National Bank) have hidden NPA accounts, some zones still follow manual declaration of NPA, furthermore other measures such as evergreening, check purchasing and illegal debit credit is utilized to prevent account from being turning NPA. NPA indicates the amount of loan that was not returned by the customer. An asset becomes non-performing when it ceases to generate income for the bank. As per the current norm, if a loan is overdue during the last 90 days, it will be categorized as a Non-Performing Asset (NPA) The Gross NPAs had increased from a low of 2.5 % in 2011-12 to 10% in 2016-17. Recent figures for the Index of Industrial Production are not very encouraging either. It will further lead to a surge of NPA. Here's a brief synopsis of India's Bank NPA crisis and the ongoing resolution process - 2015: "Deep Surgery" started with the Asset Quality Review (AQR). One time special review of Bank Assets was completed under AQR in the second half of 2015. All large borrower accounts were comprehensively audited Findings of AQR. AQR revealed a higher level of asset quality deterioration or NPAs within the banks. Most Banks were reported to be hiding bad assets under the practice of forbearance (a temporary repayment relief). AQR overrode such practices and helped determine the accurate level of bad loans that Banks were hiding. NPA levels suddenly shot up. NPAs in March 2015: INR 2.78 lakh crores. NPAs in March 2018: INR 9.50 lakh crores. Please take a moment to consider the enormity of the crisis. INR 10 lakh crores (the US $150 billion) is larger than the GDP of 130 countries. This amount was stuck with corporate borrowers, not returning to banks, thus choking credit growth, impacting other growing businesses, and impeding India's economic growth.

It is well known to those who follow what is happening, that the dollar is on the way out of world reserve status. Washington and Wall Street will ride this horse until it drops dead. Welcome to The Atlantis Report. In Fact, a number of financial counselors are predicting the demise of the dollar as the world's basis for currency exchange. It seems that a number of people are aware that China, Japan, Russia, France are making definite moves in that direction. Brazil and Argentina, as well a Cuba, are all in the same camp. When will Washington and Wall Street wake up? I believe the U.S. is in the midst of a major currency collapse and a huge change in our normal way of life. Recent data on currency reserve holdings among global central banks suggests this shift may already be underway. As a share of overall central bank reserves, the U.S. Dollar's role has been declining ever since the Great Recession. The most recent central bank reserve flow data also suggests that for the first time since the Euro's introduction in 1999, central banks simultaneously sold dollars and bought euros. Central banks across the globe are also adding to gold reserves at their strongest pace on record. 2018 saw the strongest demand for gold from central banks since 1971, and a rolling four-quarter sum of gold purchases is the strongest on record. To us, this makes sense: gold is a stable source of value with thousands of years of trust among humans supporting it. Our government has been borrowing so much money, that soon, we will not be able to afford even the interest on the loans. Income tax receipts are roughly $900 billion a year. Corporate taxes are roughly $200 billion annually. Our current annual deficits are nearly $1.3 trillion, meaning we’re spending $900 billion + $200 billion + $1.3 trillion = $2.4 trillion. Even if you doubled tax revenue, we would still be running a deficit! Even if all U.S. citizens were taxed 100% of their income, it would still not be enough to balance the Federal budget! Tax increases will not even make the smallest dent on the true size of our debt. There is not a single credible plan, by any political party, to merely end our annual deficits, never mind actually paying back our debts. Here's the kicker, the costs of maintaining our debts are about to skyrocket. For years, the Federal Reserve has been keeping interest rates very low, to almost zero, and as a result, the interest rate at which the U.S. government borrows money from the Federal Reserve is an incredibly low level. This won't last forever. How much interest? Right now, we're paying about 15% of federal tax receipts (about $200 billion a year). If the government had to spend a 'real' market-based rate of interest, say 6%, it would cost $840 billion a year on interest (76% of tax receipts), just for what we owe right now, today. We are trapped. The main-stream-media does not want you to know how precarious our government's finances really are. Today, the dollar is based not even on hot air and is worth less than the paper it is printed on. The US GDP is US$ 21.1 trillion in 2019 (World Bank estimate), with current debt of 22.0 trillion, or about 105% of GDP. The world GDP is projected for 2019 at US$ 88.1 trillion (World Bank). According to Forbes, about US$ 210 trillion are “unfunded liabilities” (net present value of future projected but unfunded obligations (75 years), mainly social security, Medicaid and accumulated interest on debt), a figure about 10 times the US GDP, or two and a half times the world’s economic output. This figure keeps growing, as interest on debt is compounded, forming part of what would be called in business terms ‘debt service’ (interest and debt amortization), but is never ‘paid back’. In addition, there are about one to two quadrillion dollars (nobody knows the exact amount) of so-called derivatives floating around the globe. Aderivative is a financial instrument which creates its value from the speculative difference of underlying assets, most commonly derived from such inter-banking and stock exchange oddities, like ‘futures’, ‘options’, ‘forwards’ and ‘swaps’.

Should You Buy Bitcoin ? Where to buy bitcoin , why buy bitcoin , should you invest in bitcoin Bitcoin may or may not be a good investment for you. But before investing in something you should know what it is, and most people don’t have a clue how Bitcoin works. What is Bitcoin? Bitcoin Is A Speculative Asset, Not A Currency. Bitcoin isn’t a currency, and hasn’t been one since 2014 when the Internal Revenue Service deemed Bitcoin to be an asset rather than a currency with Notice 2014-21. Ergo, every time a Bitcoin changes hands a capital gains disposition is triggered for US tax purposes—the same thing happens whenever someone sells a stock or a house. This means that Bitcoin (in the US at least) cannot function as a currency. Bitcoin is an asset.

U.S. Senate and House committees have agreed to include a bill sanctioning Russia's new natural-gas pipeline to Europe into the National Defense Authorization Act (NDAA), putting up a potential roadblock to the project’s completion. The House and Senate are expected to vote later this month on the NDAA, which often becomes a vehicle for a range of policy initiatives, as it's one of only a few pieces of major legislation that Congress approves each year. The proposal attached to the bill that addresses Nord Stream 2 would impose US sanctions on any companies helping Russia lay the $11 billion pipeline. Nord Stream 2 is a new export gas pipeline running from Russia to Europe across the Baltic Sea. The route covers over 1,200 kilometers. The total capacity of two strings of Nord Stream 2 is 55 billion cubic meters of gas per year. The aggregated design capacity of Nord Stream and Nord Stream 2 is, therefore, 110 billion cubic meters of gas per year. This $10.5 billion project, which runs parallel to the existing Nord Stream pipeline, has been spearheaded by Gazprom and five European energy companies and is reportedly nearing completion. It's expected to double Russian gas shipments to the EU's biggest economy Germany. Germany is The biggest foreign buyer of Russian gas. In 2018, Germany set a new record for Russian gas purchases at 58.5 billion cubic meters. At present, Germany is Gazprom’s largest export market. Gazprom cooperates with German companies along the entire value chain, from gas production in Russia to gas deliveries to end consumers in Germany. The cooperation also covers sports, social, and cultural projects.

What if the Petrodollar loses its status as World Reserve Currency ? --Economic Collapse Scenario The US petrodollar reserve currency status has been a disaster for middle-class Americans much to their ignorance. It has allowed the financial-political cabal elite to enrich themselves at the expense of deficit and debt expansion while impoverishing the middle class and bringing in replacement labor serfs. Time to rip this band-aid off and the American middle class to reclaim their country, that will probably ultimately lead to revolution. We Americans have been printing paper and buying resources with it. Petrodollarism? Is that a thing? If not, it should be, and it could be defined as a US entitlement (earned by impeccable virtue and moral authority) to not only run out of "other people's money" but run out of everybody's money. Welcome to The Atlantis Report. If the dollar loses its status as a world reserve currency; Which is the pillar that underpins American supremacy, then the military pillar, which is the other pillar of American supremacy, will fall away as well. That supremacy is also reliant on the ordinary man and woman in the street continuing to buy in US Dollars. It's American consumers who have unwittingly sowed the seeds for this conspiracy. Americans are among the biggest spenders and the worst savers in the world. Buy now, pay later seems to be their motto. US national debt is now 23 trillion dollars. And the entire debt of the whole country is an incredible 150 trillion dollars. More than 189 million Americans have credit cards. The average credit card holder has at least four cards. On average, each household with a credit card carries $8,398 in credit card debt. Total U.S. consumer debt is at $13.86 trillion. That includes mortgages, auto loans, credit cards, and student loans. The average American now spends a record amount of their money just paying off the interest on all their loans. So if the petrodollar collapses and interest rates rise, the bubble will burst. And then the stage is set for national bankruptcy. If that happened, that would really be catastrophic for the dollar. It would be bad enough just to have a switch into the Euro little by little. But if there was any big switch of these trillions of dollars accumulated in the US investment, it would really be catastrophic for the US economy. We may be set back more or less permanently. When you have that many dollars unleashed, you would have massive devaluation, massive inflation. The Entire world economic order will be changed. And the United States would really be in a world of hurt. Teetering on the knife-edge of a financial meltdown, the US has always needed to keep a firm hand on the trading of its oil dollars. But in November 2000, the most serious attack on the sacred dollar was about to take place. If left unchecked, it could have been an economic Pearl Harbor. After years of struggling under crippling sanctions, Saddam Hussein decided to use the one WMD that no one had ever looked for or even thought about, the Euro. There was a guy once named Saddam Hussein who said, The United States bombing me and Britain too, so I'm going to sell my oil in Euros. Came out said then the fall of 2000. It's a big secret here in the United States. With the mighty dollar's position as the world number one suddenly under threat. A ripple of fear goes through the Bush administration. From 2001 to the very beginning of the war, Iraq exported about 3.3 billion barrels of oil. We bought two and a half billion. We bought two-thirds of this but in Euros. The federal reserve cannot print euros, so we had to sell dollars to Europe to get the Euros or whatever we sell of goods and services in order to get the Euros. The petrodollar recycling system begins to break down. According to this theory, Saddam Hussein signed his own death warrant. President Bush had no choice if he wanted to save his country . he quickly placed Iraq on his list of the axis of evil nations. And with invasion plans already in place, the inevitable soon happened. I think the decision by Saddam was the last straw. And this is what you need to look at the whole aspect of Middle Eastern oil.

As Russia intensifies its De-Dollarization - It's The End of The Dollar & America’s Financial Order With the national debt officially at $32 trillion and the additional "missing" $21 trillion discovered by Economics Professor Mark Skidmore at Michigan State University in 2017, you have a huge amount of debt and dollars floating around. The only thing still holding up the Dollar is its universal use as a contract settlement mechanism in Russia and China and everywhere else, and that simply is not happening anymore. Welcome to The Atlantis Report. "The global over-indebtedness has clearly restrained growth," "A quick and dramatic shift toward greater accommodation by the Fed could begin to shift momentum from contraction toward expansion." The more the central banks print, the less the value of the currency. It's inflation, but also the return on each Dollar invested goes down too. This is why fiat money printing will ruin itself. It's the snake eating its tail. The Fed is determined to produce inflation, the Dollar's going to fall, and this will exacerbate the stock bubble, with stocks going through the roof. That's how it happened in Zimbabwe when their Dollar was weakened. Their stock market soared!! Now Trump is instructing the U.S. Treasury (via the N.Y. Fed) to intervene directly and unilaterally to drive the U.S. dollar lower, much lower. So the U.S. stock market will soar (because inflation will make corporate profits "look better," but it will be a mirage) … the better place to be is in gold and silver!! The Fall in the value of the U.S. Dollar will be accompanied by the creation of more paper Money without value via Financial Assets increasing in value. There ultimately is no substance to Asset values, so when money eventually dies. So do asset values. While prices for debt rose (and rates fell), for every dollar borrowed, two dollars in wealth came into being: ONE cascaded through the GDP economy when it was spent. A SECOND came into being as an asset, a "receivable" on the bondholder's balance sheet. Two for one! What genius thought of it! It was an artifact of a bond bull market, one that by all appearances ended in 2016.

Bitcoin's Censorship-Resistance Test: Canada Financial censorship, or cutting off access to the global banking system, is one of the most powerful tools that governments have for punishing people. The U.S. Department of Justice used it in 2013 through a program known as Operation Choke Point. It went after firearms dealers, payday lenders, and sex workers by pressuring banks to cut off their access to financial services. The federal government blocks marijuana businesses that are legal under state law from opening bank accounts. And the U.S. Department of the Treasury financially censors other governments around the world that commit human rights abuses or senselessly attack other nations, most recently Russia for invading Ukraine. Canadian Prime Minister Justin Trudeau financially censored the Canadian truckers occupying the country's capital city, Ottawa. It's clear that governments can use financial censorship to squeeze worthy and unworthy targets alike for the time being, but it's less clear if governments can maintain this power for much longer. The moment raises a pressing question for cryptocurrency enthusiasts: Does bitcoin solve this? Does a global, decentralized monetary system that nobody can manipulate or control take away the power of the state to use financial censorship as a weapon, for good or for ill?

Marjorie Greene Condemns War Profiteering a Day After Buying Defense Stocks The Humanist Report (THR) is a progressive political podcast that discusses and analyses current news events and pressing political issues. Our analyses are guided by humanism and political progressivism. Each news story we cover is supplemented with thought-provoking, fact-based commentary that aims for the highest level of objectivity.

Texas Proved You Can’t Actually Ban Abortions Out of Existence The Humanist Report (THR) is a progressive political podcast that discusses and analyzes current news events and pressing political issues. Our analyses are guided by humanism and political progressivism. Each news story we cover is supplemented with thought-provoking, fact-based commentary that aims for the highest level of objectivity.

The main reason behind massive shortages coming in 2022 What to stock up on? How to get prepared for coming shortages due to, crop failures, loss of job or Natural Disasters. Who knows what is coming? Stock up on foods and supplies, all of the things you count on. My videos are to help the beginners to start to prepare them and there family's to be ready for any type of situation! To have food, water and survival supplies on hand!! To show you that even if you are on a budget, you can do this for you and your family. To give you knowledge as a beginner to succeed in preparedness for you and your family. To always bring you good tips and tricks! To also show you how I do things ( not that you have to do it that way just a Template to go buy) All things that are brought up or talked about or reviews done on are my own Opinion! I ENCOURAGE all comments and different ideas to help all people. *** EMERGENCY SUPPLY CHECKLIST*** #1 water 1 gallon per day per person #2 non-perishable food/canned goods #3 manual can opener #4 paper goods and plastic goods #5 Zip lock bags #6 paper towels & toilet paper & baby wipes #7 Extra glasses or contacts #8 personal hygiene tooth brush, toothpaste, soap, Deodorant & baby powder #9 feminine products #10 All baby needs food, diapers ext #11 pet supplies #12 propane or gas stove to cook on with extra gas #13 first aid kit a good one #14 prescription drugs or non prescription drugs #15 sunscreen #16 insect repellant #17 change of clothes for everyone and 2 pair of extra socks #18 tarps, sleeping bags, tent, some way to get shelter #19 very important cordage to make shelter #20 good shoes, boots waterproof #21 Important documents in waterproof bag #22 battery backup for you cell phone and extra charging cord #23 a good map of your area you live in #24 cash #25 Books & games & toys for your kids #26 pen pencil and note pad #27 battery powered radio with extra batteries #28 battery powered lantern, headlamp or flashlights #29 candles and matches #30 battery banks and solar chargers #31 whistle #32 light sticks #33 a good pocket knife #34 basic tools #35 Gloves #36 shovel, saw, ax or anything that will cut up wood #37 mask, safty glasses #38 fire extinguisher #39 all kinds of fire starters you name it bring it #40 large trash bags they have many uses #41 duct tape #42 PATIE

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Russia’s Foreign Minister Ridiculously Claims Russia Didn’t Invade Ukraine ************** The Humanist Report (THR) is a progressive political podcast that discusses and analyzes current news events and pressing political issues. Our analyses are guided by humanism and political progressivism. Each news story we cover is supplemented with thought-provoking, fact-based commentary that aims for the highest level of objectivity.

the us dollar could go digital Why the Fed Is Considering a Digital Dollar | WSJ The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses. Illustration: Jacob Reynolds/WSJ US Exploring a Digital Dollar Last year, China launched a digital yuan pilot program. The Chinese government-backed digital currency got a boost when the country’s biggest online retailer announced the first virtual platform to accept the Chinese digital currency. China isn’t the only government exploring the possibility of digital money. Sweden has developed a digital currency of its own. The European Central Bank is pushing for a digital euro. And Russian central bank governor Elvira Nabiullina recently told CNBC that digital currency is “the future of our financial system.” So, how long before a digital dollar comes to the United States? Well, it’s already in the pipeline.

Human Impacts on Biodiversity | Ecology and Environment | Biology | FuseSchool Human Impacts on Biodiversity | Ecology and Environment | Biology | FuseSchool Biodiversity is the variety of life. There are thought to be 8.7 million species on planet Earth. And, as we saw in the video, "Why does biodiversity matter to me?", biodiversity is of utmost importance to humans. The loss of one key species can have a detrimental impact on many levels; from other species of animals to plants to the physical environment. Human activities are reducing biodiversity. Our future depends upon maintaining a good level of biodiversity, and so we need to start taking measures to try and stop the reduction. In this video, we are going to look at how humans are negatively impacting biodiversity. As the world population has grown from 1.5 billion in 1900 to nearly 7.5 billion people today, unsurprisingly the land use has changed. Habitats have been destroyed in favour of agriculture, forestry, fishing, urbanisation and manufacturing. Unsurprisingly, habitat loss has greatly reduced the species richness. Habitat fragmentation has also meant that populations have been split into smaller subunits, which then, when faced with challenging circumstances, have not been able to adapt and survive. After habitat loss, over-harvesting has had a huge effect on biodiversity. Humans historically exploit plant and animal species for short-term profit. If a resource is profitable, we develop more efficient methods of harvesting it, inevitably depleting the resources, as is currently happening with fishing and logging. The exploited species then needs protection. The difficulty is that the demand then outstrips the supply, and so the resource value rises. This increases the incentive to extract the resource and leads to the final collapse of the population, as happened with whales, elephants, spotted cats, cod, tuna and many more species.

3 Realities of War in Ukraine & Turning Your Heating Down 1 Degree | Stories of the Week This week The World Economic Forum are highlighting 3 top stories - 3 realities of war in Ukraine, a woman who is helping abuse survivors, Germany's aim to reach 100% renewable power and why you should turn your heating down by 1 degree. 00:00 - Intro 00:14 - Woman Helps Abuse Survivors 02:40 - Germany's Renewable Power Goal 03:46 - Turn Down Your Heating 05:16 - Realities of War in Ukraine The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

COINBASE & BINANCE: AVOIDING RUSSIAN SANCTIONS WITH CRYPTO. There is one thing that Coinbase and Binance can agree on and that is you can't use crypto to avoid sanctions. Also, a quick story to put this bear market in perspective and Cronje steps down from ALL De-Fi Projects. ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

DAY TRADING CRYPTOCURRENCY | 1-2% PER DAY Thank you for the support guys. I love reading your comments and feedback on my recent videos. Let me know if the video helped answer some of the questions you had. Enjoy the video and I'll see you in the next one :)

Jim Rogers: The Next Coming Stock Market Crash Will Hurt A Lot Of People! Prepare Yourself ,how to handle it !! Jim Rogers warns investors about the coming stock market crash and bear market. It's going to be painful so prepare yourself! Jim Rogers is an American investor and financial commentator. Rogers is the chairman of Beeland Interests, Inc. DISCLAIMERS: This video is not financial advise. Please see a financial adviser to discuss your own personal situation. Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favour of fair use.