👉Airlines, Disney, Banks, Big Oil, Mass Layoffs & Job Cuts: And The Worst is Yet to Come

👉Airlines, Disney, Banks, Big Oil, Mass Layoffs & Job Cuts: And The Worst is Yet to Come Wow, what a day!!! The country is facing financial Abyss. The pandemic has crippled tourism, retail, and the travel sector. The damage could last years, and layoffs, service cuts, and added debt are all on the table. I guess America can thrive off of massive job losses, record bankruptcies, record loan defaults, and a dead economy in free fall. Historic GDP drop and an economic FREE-FALL and the stock market tears are higher... wow! Just amazing, and the STOCK MARKET BOOM CONTINUES!!! 100% BULLISH for the multi-billionaires and trillion-dollar companies. Stocks only go up. WOW!!! As the layoff moratorium ends, the stimulus talks stalling again, and the second wave of the downturn (Depression) has begun, big companies are laying off thousands of workers. A massive layoff wave continues and is turning into a devastating Tsunami. Temporary layoffs becoming permanent job losses. Another flurry of bankruptcies and permanent closures is expected as cold weather arrives. Shell and Continental announcing thousands of layoffs, and Goldman Sachs Group, Allstate, and Marathon Petroleum each announcing layoffs on Wednesday—just a day after Walt Disney said it would lay off 28,000 employees across its parks. Marathon Petroleum to lay off more than 2,000 employees, Shell plans to cut 9,000 jobs. KPMG will be eliminating 1,400 jobs. Goldman Cuts 400 Jobs. They don't need that many employees to count the stock buybacks. The retail store closings in the US reaching a record in the first half of 2020, and the year is on pace for record bankruptcies and liquidations, The Wall street journal reports. Bankruptcies in the New York City region have surged 40% during the pandemic, according to Bloomberg. New York City will face an extended financial crisis, the likes of which have not been seen since the 1970s. Las Vegas too is losing a quarter of a million jobs in just two months, CNBC reports. The airlines too are starting massive layoffs. American Airlines and United Airlines plan to furlough a combined 50,000 workers starting today. If congress bails these companies out again, there need to be some strings attached. Take the average wage of all airline employees, from bag handlers to pilots. That should be the CEO's and all upper management compensation until the loan is paid back. No 12 million dollar salary for Doug Parker. Also, no stock buybacks using borrowed money. The bailout is more than $1 million per job. You know this is not about saving jobs, but saving executive bonuses and bondholder returns. Airlines are now seeking a BIGGER bailout than previously thought. American Airlines CEO Doug Parker said that if Washington comes up with a deal with $25 billion for airlines over the next few days, the company will reverse 19,000 furloughs set to begin Thursday and recall the workers. 25 billion dollars !!! For Nineteen thousand workers that are approx 1.3 million per worker! I would rather give each worker $100,000. The employees would be better off with direct payments from the government, bypassing bailouts for the airlines completely. Let's face it ;95% of profits over ten years from the airlines went to buybacks. We shouldn't give them a dime. The executive suite should be fired first, right off the roof. There is good debt, and then there is bad debt. This is the epitome of bad. The airlines and other companies have been raising money any way they can just to burn it. The Fed and government have enabled and even encouraged this behavior. I have little doubt the airlines are going to get their bailout. Doug Parker(American Airlines CEO) made $11.5 million in-stock gifts in 2019 and about the same in the previous years. If they would just begin taxing this as regular income and close up the tax loopholes for the rich, it would stop a lot of this buffoonery. When Warren Buffet said that there nothing wrong with stock buybacks when used properly, he was being disingenuous. The fact of the matter stock buybacks are typically used just to inflate stock prices, thereby increasing the executive and board members' compensation, which is taxed at a lesser rate. There are companies that borrow money to buy back their stock. What idiocy is that? It enriches them while eventually destroying the company. Buybacks are simply burning cash. This cash could be better used for R & D, acquisitions, even marketing. Its time to allow these goliaths to sink or swim with no bailouts, and its time for there to be consequences and measures put into place to punish their irresponsibility. That money is needed in other places, and why should we save companies that nickel and dime us for everything as consumers, but their CEOs get golden parachutes. Its time we turn our torches and pitchforks on the failing airline industry. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to click the like button. And as You know friends, I rely on your donations to keep this channel functional; as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The U.S. economy shrank at a historic rate during the second quarter of 2020, with gross domestic product falling 31.4% from April to June, according to data released by the Commerce Department on Wednesday. The drop is little changed from the second estimate released a month ago and is far worse than the previous record of a 10% drop in the first quarter of 1958. We just lived through a period where the US economy shrank by 30 percent in five months. That would have been laughably absurd science fiction in every year of my life before this one. Another 837 thousand more Americans filed for unemployment benefits for the first time last week. Airlines are hours away from cutting more than 32,000 jobs if they don't get billions more in federal aid. It is a black hole. They're gonna cut those jobs anyway, like right after they get their money. Yes, the economy is great! No problems at all! Wait...more stimulus on the way. Commercial plane production used to be one of the few export bright spots in industrial goods. Overall exports in August fell 13.3% year-over-year. The only single-digit decliner was exports of food, feeds, and beverages -3.3%,$11 billion. Exports of all other major categories fell by the double-digits: industrial goods -11% or $39 billion. Partially caused by the Boeing B737MAX fiasco and travel bans. Even though more than 60 million American workers filed new claims for unemployment benefits in 2020. We're still seeing 800,000 new layoffs every single week. More like 1.5 million if you factor in PUA claims as well. Twenty-five million people are still collecting unemployment benefits, with many job losses becoming permanent. To give some context, the Great Recession peak for unemployment claims was 665,000 in March 2009, and the all-time mark of 695,000 occurred in October 1982. More waves of unemployment are still on the way. We are in the midst of a catastrophe! Corporate executives ax thousands of employees with families, shed crocodile tears, stock price increases; they cash out on stock options to become richer. In addition, they use debt for company buybacks and dividends instead of capital investment, and investing in employees, endangering the health of the company. Besides banksters , is there anyone more evil than these corporate monsters? These layoffs have been planned for months; you do not suddenly lay off that many people without a continuation plan in place. I expect to see a lot of these prior to Christmas. It's the natural result of shutting down or restricting 80% of your businesses. Many of these cities, such as New York City, Portland, Seattle, are never going to recover; look at Detroit's 1967 riots and how they NEVER recovered as your model. The damage is done to the population. Even if everything is lifted. Most large companies will not, which unfortunately make up a large segment of commerce, big boxes, restaurants, etc. I don’t like it either. But the psyche of the population will take years to work its way out. People aren't scrambling to keep a roof over their head, they don't even have to pay rent or their mortgage anymore, they were getting free money, and basically sucking off the government teat. It's despicable. They can't even hire workers around here because they are sitting home, getting high, and getting paid for it. Over the past six months, 60 million Americans signed up for unemployment. The U.S. government hurled money at them for not working. What a great idea; why didn't I think of that? It's probably worth pondering what happens when the government runs out of trees to print more paper or stumbles into a shortage of ink. Many, perhaps even most, of those in the ranks of the newly unemployed will never get their prior job back. The depression is hurting both those making minimum wage flipping hamburgers and tens of thousands of highly paid airline staff now without a future. The riots will not just continue; they will get a whole lot worse. Retail bankruptcies, store closures hit record in the first half. This is almost certainly the worst year in recent history for retail. The big question is what exact items people spent all the money on. The home office staff, computers, and video games are clear winners. But, what exactly else is the big question. Besides their new home office stuff (mainly chairs and desks), which they will have to keep if Work From Home becomes permanent, otherwise, they might toss a lot of this stuff away. Gun stores have had a hell of a run. Ammo–especialy. Defense loads–is in short supply. There exists an incredible shortage of ammunition, certainly in the common calibers. It cannot be had anywhere! Checking the sites for major ammo and component sales outlets and producers, everything is back-ordered several weeks to 2 months, even though they are running 24/7! Where in the world is everything going? Buying guns could explain a lot, but only if they are taking on a truckload of ammo at the same time, ammo, which doesn't exist! Something is definitely afoot! Disney is laying off 30,000 workers, and soon airlines will shed 40,000 jobs as well. Just wait until Fall/winter rolls around, and cases explode again, leading to the reimposition of restrictions at the very least, if not outright shutdowns. Many businesses are struggling as is. Businesses that had planned to close only temporarily have now decided to close permanently. But things are about to get worse. The US second-quarter GDP down 31.4%. Interest rates need to be at 0 just to keep this fake economy going. Eight hundred thousand plus job losses the past several weeks. We have the worst handling of this pandemic in the entire world. It's great times here in the USA. The recession/depression is just starting. The fact that the Fed pledged to keep rates low for years tells you they are very worried, and they should be. Let's be honest. The supposed success of our economy is based on two things - technology and money printing. Without either of those, the economy is in tatters. Crony capitalism and shipping productive jobs overseas are not the path to a stronger and more prosperous US. Outside of the tech bubble, the economy is a wasteland, where we consume far more than we produce. Time for some very large changes, but neither the democrats (big bureaucracy) or republicans (laissez-faire capitalism) are the answer. There is another answer, which is true capitalism, where the government prevents monopolistic behavior and creates a coordinated tax and trade policy that rewards enterprise, but breaks up monopolistic enterprises, consolidation of corporate power, and reduces offshore production. ASSETS MARKETS CRASHING. Too much uncertainty. CV19 flaring. Economy horrible. Election Wars. Supreme Court battle. Dangerous time in world history. DO NOT DO what I did. I bought Gold and Silver yesterday. Hold cash. Be smarter. Be patient. Worst is yet to come. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

COVID: what was the plan all along?

COVID: what was the plan all along?




As time goes by covid-19 has proven not to be the hammer or tsunami we feared. It has not taken the large number of lives many experts predicted but it has brought the economy to its knees. It now seems covid-19 is just a deadly bug that will probably with us for some time. Not only has it spread slower than we were told it would but the fatality rate is far lower than many "experts" predicted. Still, this inconsistent beast holds society confused and paralyzed with fear. The article below is an effort to give this subject some context and frame of reference. Over time answers have begun to emerge as to the extent covid-19 will have to impact our lives in coming years, however, the truth is being diluted and held hostage by politics. Because I live in a rather conservative area my views may be a bit skewed when it comes to how other Americans see the government's role in handling the pandemic. Interestingly, it is mainstream media that is largely responsible for banging the drums of fear by speculating the worst is yet to come. Mainstream media appears to be going out of its way to weaponize covid-19 it an effort to demonize Trump and paint his administration as a failure. One theory is that democrats and other big-spending politicians are using all the fear-mongering as a way to push a massive stimulus package through with little resistance. This is a very troubling development for those of us that expect our government to be at least somewhat responsible and to consider how its actions will impact society. Early on I pointed out the "need to know more and collect real information" was crucial to creating a plan that would minimize the damage covid-19 posed. That need still exists. When the virus first appeared, the projection below was written based on the lower edge of what the experts were touting as expected percentages of infection. No wonder people became fearful. We are all like frogs in a pot of water and the water temperature is slowly rising. If predictions are correct, I see a giant catastrophe ahead. In a city of 300 hundred thousand people, let's do some numbers. They est. 40% to 80% of people may get this bug. Of those American health officials say as many as 20% may need to be hospitalized, some for months. Going with a 50% catch rate, roughly 150,000 people will get infected in my area. With only a 10% hospitalization rate it would come to 15,000 We sure don't have the beds in my area to handle such a surge. Note, this is 5% of the population. In this case, It's not just about how many people may die but the fact that simply caring for so many very sick people creates a massive problem! While it is true we should error to the side of caution when dealing with a new pandemic, the problem is that as this unfolded, not only can we not trust the numbers because of fraud and inconsistent testing from one area to another but when important facts or a shred of truth does emerge it is rapidly mucked up when dropped into this data. Adding to the confusion and fear-mongering flowing from the mainstream media is the fact frustrated Americans confronted with a resurgence of the scourge are facing long lines at testing sites in the summer heat or are getting turned away. Some people are having to wait before receiving a diagnosis. Not only are some test sites running out of kits, but labs are also reporting shortages of materials and workers to process the swabs.

👉Wall Street looting Main Street !!

👉Wall Street looting Main Street !!



We have never lived in a period where the future was so uncertain. The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. Forty million unemployed, a suicide epidemic, more than a hundred thousand small businesses shut down permanently, with millions of others at risk. Some 40 million+ people lost their jobs in the USA alone, we are in the middle of the global pandemic from the coronavirus that looks like it is picking up, cities are burning, and estimate for the 2020 GDP is fall between 50 and 60%. And this is only part of the cost of the coronavirus lockdown to America. Across the country, protests continue many peaceful but others turning violent, taking their toll on small businesses. Looting and vandalism dealing a blow to those already crippled by the coronavirus lockdowns. And the stock market appears to be anticipating a strong recovery as it keeps shooting up with some indexes approaching their old record highs. The stock market is soaring to new all-time highs. Up 34% in three months and still in. Yet another bubble. It wasn't enough that the banksters earned trillions by shorting near the top of the COVID19 collapse. So now they had the central banksters jerk the markets back up to the bubble levels before the collapse, so they can do that all over again. Geez. You have to wonder how many times they can fleece "regular folks" before the "regular folks" either learn their lesson ... or have no way to borrow more funds to invest in yet another bubble. It is beginning to look and "feel" a lot like 1929. 30K is where the music likely stops, and the band departs the stage. The Fed is pumping a corpse. Soon even they won't be able to deny it. The patient is dead. The addicts just don't know when to quit. As long as the FED is allowed to print to infinity, they can buy up anything they want, and they will do so for one simple reason, pensions. Since they forced pensions into the risky stock market with zero interest rate policy, they now feel obliged to defend that because when those pensions evaporate, there will be a lot more than simple uprisings out of the discontent of police misconduct. Anyone with a decorum of common sense knows that this sham will end badly. However, I don't fault anyone for playing their stupid game by buying worthless stocks. Unfortunately, it is the only game that is paying fraudulently derived yields right now. The stock market knows the Fed has its back. The MMT central banks won't let things fail on their watch, especially in an election year. The stock market is the Fed. There are no more markets. The Fed has the back of the Money Power Monopolists who control it. The sole purpose of the stock market is to remove fiat money from society. And it is very easy to do if one actually knows how the stock markets work. And it has been done over and over and over. And, if you know how debt-based money systems work, you will know what happens when the debt continues to increase as access to dollars continues to plummet. It doesn't matter. The market doesn't care. Two asteroids could hit the earth simultaneously at opposite poles of the earth, destroying 90% of the planet, and the market would go up 3%, and the commentators on CNBC that survive would say something like "markets up on asteroid mineral mining optimism." RIP markets. RIP capitalism. RIP United States Republic. It was a good run. Time to burn it all down and start the 2nd republic. At this point, it looks like everything can be nuked apart from Wall Street, and four computers at FED and stonks would be pushing all-time high. The vast majority of people in the US do not own stocks. The Markets disconnect from reality is epic. I am anticipating very bad news at the end of the second quarter, then a long hot summer with millions who have nothing to do, taking to the streets all summer long. I have been through economic downturns about every ten years since 1970 when Boeing laid off two-thirds of its workforce in Seattle, and the billboard went up saying, "will the last one leaving Seattle, please turn out the lights." Nothing in the past feels like this, not the Vietnam War, Y2K, DotCom bust, real estate crash, etc. Now, millions of people cannot make a living due to coronavirus lockdown, bureaucrats who have no knowledge of business set arbitrary rules of business operation, expecting a restaurant to survive at half or less capacity, etc. as an example. Shutting down marinas and parks given what we know about the virus seems ludicrous. In my mind, the riots are not about the unlawful death of Mr. Floyd, but the result of oppression people unconsciously feel over the shut down of their businesses, livelihoods, and way of life with no end in sight. His death just became an excuse for rebellion. The Fed propping up the market can only last so long before the giant bubble bursts; when? I don't know. But it will when reality finally rears its ugly head, and there is nothing the Fed can do to hide it. The "markets" are not markets as there is no true price discovery because of the complete manipulation. The Fed is not a person that is even capable of telling the truth or being your friend, or having a conscience. The Fed is a collection of evil people who are not making mistakes, or bumbling or making errors. These people know exactly what they are doing, which is orchestrating the theft of all assets, by illegally (unconstitutionally) printing notes (not money) to buy every asset they possibly can, At the same time, of course, a lot of those dollars are being used to buy the junk debt of their "friends." The reality is there are two societies, Wall Street and Main Street. There are two economies, two currencies, two sets of laws and justice, etc... The current stock market clearly shows the disconnect. Time to find other asset classes because Wall Street is eventually going to destroy both currencies and society in general. Fundamentals no longer matter in this market, so calling it overvalued is meaningless and irrelevant. This market is operating under the Greater Fool paradigm, and the FED has created trillions to give to these fools, ensuring that its only direction is up until the system crashes. Here is why I believe the stock market rally will continue to exceed expectations. 1.) Because everybody and his chart is bearish. 2.) Everyone thinks the short trade is so obvious and easy. 3.) HFTs and Prog EFTs will crank the bid and wash short stops on the above again and again and again and again. 4.) Because the largest companies now have a total monopoly with no small business competition. 5.) Because the public asswipes run to get their MCDs and Ikea crap as fast as they can, showing they have loyalty and comfort. 6.) Because stocks are the only game in town, up up up up up - just like Zimbabwe and Venezuela markets. 7.) Because as we have seen since 2008, the inflation goes into the equity markets - the rest be damned. 8.) Because there is no market, it's completely rigged - just slap a zero on the end of the Dow and SP500 and make everyone happy and be done with the farce. Here's another more couple of reasons why the Market could stay or go higher. First, its a hedge against a coming hyperinflationary event and collapse of the dollar. Second, millions of more layoffs could improve or at least stabilize corporate earnings as revenues decline. The bear case is 25% unemployment and violence in the Streets. Oh, wait a minute!! We have that now. The Fed will buy everything in sight and copy the playbook of the Bank of Japan. It'll work until someone turns on the light switch. It sounds very much how Joe Kennedy knew to sell just before the 1929 crash - his shoeshine boy was talking about his stock holdings. It looks like we have a shoeshine boy rally. The correct time to short the market and go long, the commodity index will be when "regular folks" have zero funds remaining, and the central banksters and their buddies own everything. In other words, it is rigged folks, and not rigged in your favor! When the market does turn, all that wealth will be lost in a heartbeat. The young and stupid will be burnt, badly. It'll take a generation to recover. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Just because we have muddled along putting band-aids on our economy does not mean that we have accomplished a great deal. The Trump economy has been a continuation of deficit spending. We have postponed the day of reckoning but most likely made it far worse. We’re in the biggest mess we’ve been in since the 1930s. True price discover totally gone! We have seen a growing amount of central bank and government intervention in markets over the years, bolstering the argument that true price discovery has been distorted. Today these forces, including stock buybacks and what has become known as the "Plunge Protection Team," appear to jump in at any sign of a pullback. This destroys true price discovery and the proper pricing of assets, which are the bedrock of free markets. In simple terms, the whole world is on a path that avoids real reform and bails out the very people that caused many of our problems. The good or bad news depending on how you look at it, is this "great manipulation" will not work indefinitely. Eventually, it will come crashing down around those in charge. The fed is a huge risk to humanity. Going short on stocks? - That's financial suicide. Every sane person on earth knows by now that the FED has an iron grip on the direction of this market - UP. Jerome will buy the entire market. Never fight the Fed. The problem with the Dictum 'Never fight the Fed,' is that it is right...until suddenly it isn't. If you fight it too early, you lose opportunities... But if you don't fight too early, and instead fight too late, then you lose EVERYTHING. The big set up is happening. I believe the market will suffer a catastrophic crash a couple of months before the election wiping out middle-class retail investors. Trump will be blamed in another move orchestrated by the Deep State. In other words - for a few months more, this market is going nowhere but UP. That's where making money is going to be for a while still. I remember the dot com bubble well. However, this market would make those daytraders even blush. Hertz, a bankrupt company, with massive debt, whose main stockholder bailed rose 100% on NO news today. Even tulip bulbs could be used to grow tulips. This market is the last man out Ponzi scheme. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!

👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!

👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!



The national debt is already at an absurdly incomprehensible number like $23 trillion, and increasing by the minute. We're already in a mathematical fantasy land beyond the limits of human understanding. A stack of trillion-dollar bills would be 67,866 miles high, or more than one fourth the distance from the earth to the moon. This means the deficit before the pandemic would've been a stack of dollar bills more than five times as high as the distance to the moon. The national debt is never going to be paid. It will ALWAYS go up. The Fed WILL monetize the debt at negative interest rates. The treasury debt the Fed will hold will have an average negative yield. They will pay the treasury interest, but in reality, that will just require a wind-down of reinvestment, so it actually isn't anything real. These are all ledgers with lots of zeroes. At some point, the Fed will have to buy ALL of China's holdings as they liquidate, and then ALL the social security surplus holdings. And they will pay well to keep rates very, very low. With negative interest rates--people will pull their savings from banks and buy gold (if they have brains). Banks will not lend to get less back. Scared people will stop buying and start hoarding cash. The economy grinds to a halt. This is the GREAT IMPLOSION, coming soon to an economy near you. The Fed is creating a bubble economy. Once people understand it is all about the Fed, maybe things will change;But not until then. They are using fear and misinformation to herd the sheep where they want them to go seems to be what’s going on today. Even Powell, Yellen and Bernanke are telling the congress not to worry about the deficit. Just keep spending. What he doesn't tell this naive Congress, and the president is that getting the government to spend even more reduces the government's power, and increases the federal reserves power over America. They want the Congress to keep spending in order to make our government as bankrupt as possible. The more deficit spending on our governments part, the better for them. This is what the purpose of this coronavirus agenda is. Bankruptcy for all, and the transfer of all financial control into their hands. They want to remove all financial power from world governments and place all financial power in the hands of this secret fraternity at the very top, who are in control of this international banking system. Their target is the removal of the US dollar and replacing it with their long-desired,one world currency, owned and controlled by this secret fraternity at the very top. Yes, the domination of this world by way of the monetary system. It isn't apparent yet, but it will be, when they put the icing on this coronavirus cake by pulling the plug on the world markets and creating the biggest market collapse in history. Why? They are currently bankrupting our governments. Now they want to place us in a complete state of hopelessness by bankrupting all of us individuals also. So, in the end, the people who created this evil will present themselves as our saviors by making us an offer we will have no choice but to accept. Accept our one-world currency in place of all other currencies, including the US dollar, and we'll bail you out. As I said, they will leave us with no other choice but to accept. And due to their power of absolute secrecy, all we have the power to do is watch the show. Federal Reserve Chair Jerome Powell warned that the nation's unemployment rate could soar to 25 percent. Powell says a full economic recovery may not happen without a vaccine."Full Recovery Could Take Until End Of 2021. Will Require A Coronavirus Vaccine," Powell said in an interview with CBS’s “60 Minutes”.Why would a cartel banker/beancounter have a say as to whether a vaccine is needed or not? "Just following orders" will not be a defense, Powell. So, Fauci, the MD, became an economist, and Jerry Powell, the economist, is now a doctor. Do we live in a bizarro world ,or what! Those who wish to inoculate themselves against this flu should do so. If it works as advertised, they have their immunity. Those that do not wish to take the vaccine pose no threat to them. Compelling the rest of us to be vaccinated is going to be an interesting operation. A vaccine or market manipulation either will do it. The Fed has launched a series of efforts to keep markets functioning properly and has teamed with the Treasury Department on a variety of lending programs aimed at businesses and individuals. In addition, the Fed is buying corporate and municipal bonds. That’s come amid burgeoning unemployment crisis that has seen 36.5 million Americans file unemployment claims and the unemployment rate rise to 14.7%. Wall Street is just like Washington DC. It runs on loopholes. All you have to do is learn your way back and forth through the Maze of stupidity. The same people who sell the panic, sell the vaccine. Before COVID, there were 162 Million active workers. Current reports indicate there are 36 Million unemployed: so its at least 22%. However, this does not include part-time workers that were laid off and unable to file for unemployment benefits. It also does not include workers that have their hours cut. This party is just getting started . By this summer, the unemployment rate could top 40%, as the momentum builds. Those 36 Million workers aren't spending as they did. Probably more than 100 Million workers have dramatically cut spending. This is going to drive unemployment up much higher. Even if all states open up tomorrow, it is not going to be a return of business as usual. People are going to be reluctant to spend money, travel, eat out, etc., until they feel confident that the virus is gone and that the economy has stabilized. It is going to take many years. It took the US about ten years to fully recover from the 2008 crisis, and this one is much worse. People on the minimum wage have to spend 100% of their wages to survive. Billionaires spend 1%, with 99% disposable. They live, as opposed to surviving, on this. National Suicide, Expected to soar . The shooting starts shortly after the USD FRN reaches its intrinsic value as electrical bits and poorly absorbent toilet paper. Losing may be winning if the stupid masks, closures, distancing, handouts, bailouts, negative interest rates, alleged forced vaccination plans, etc. Turn fattened human flocks of idiot sheep into lean, hungry packs of intelligent wolves. Exciting times. That's what happens when counterfeiting enables deficit spending. Eventually, the world will realize the dollar is worthless with all this printing. Then this debt will be an issue and only an internal issue for us the Peasants. "It's the money, stupid." Founding Father axiom. It all depends on whether the US loses reserve currency status over a long period or a short period. The national debt is ballooning, and one day we would default on it. Math can only be stretched so long until an unstoppable force meets an immovable object. During 2008 bailouts, experts were saying, now is not the time to worry about the debt, we can address it once were past the crisis . The debt was never addressed, other than the Bowles/Simpson plan...which failed. I'm hearing the same thing now about this crisis and the staggering debt being piled on. Another frightening number on that debt clock is that of the total value of global derivatives. Judging by the fast-rolling number counter, it appears it's increasing by over$ 2.0m a second! Mind-blowing numbers, all just waiting to collapse when the defaults begin. Ever heard of 'marginal change' ?. The effect of one more unit on the whole. A sinking boat and that one pint of extra water that sends it to the bottom. A sinking economy with a Fed deficit. The effect of one more dollar of debt. The closer you get to the breakpoint, the more important the marginal change. Are we there yet? If not $25 trillion, then 25.1 trillion, 30 trillion, 400 trillion. Has it already happened? Is the economy finished, and we just don't know it? Already the word is out there is a massive problem. Interest rates are being forced lower because the country cannot afford to pay interest on the current debt. With low-interest rates, no one with a brain wants to lend the US money. The Fed has to step in. Now, the debt is faux debt (just zeros on the Fed balance sheet)-- and ready to implode. If this is not warning enough, what is? When I activated the US Debt Clock Time Machine for the year 2024 -- just four years from now -- it showed that at the current growth rate, we would see a national debt of $43.6 trillion! In four years! That is unsustainable! Something must be done right away to bring it down, or a disaster will occur within the next few years. America must pull its head out soon, or a calamity will soon occur! This is digital Weimar Currency. They won't even have the problem of printing on one side of a bill . That's why we are going to experience a monetary reset. This apparently happens to every monetary system not tethered to something that can't be printed out of thin air. That being said, The deficit can reach 50 Trillion or 100 Trillion! The small business issue came from the shutdown and excessive regulations for the most part. It will eventually become a problem, and the system will collapse. This shitshow will only get worse until the final collapse. So expect the unimaginable all the time going forward over the cliff. COVID was a convenient excuse the crash land this debt loaded, massively leveraged economy. The string-pullers opted for flight 1549 in the Hudson River rather than the Hindenburg zeppelin exploding and going down in flames. Strange how the Pandemic is so well coordinated and the New World Order "elites" are ALL singing the praises of an as-yet non-existent vaccine, which clearly is going to be compulsory with the implied threat of military force. The death rate in the non-high-risk groups, even using the inflated mortality numbers, is around 0.1%, so what is the scientific basis for a compulsory vaccination for all without any understanding of the risk/benefit equation for low-risk cohorts (most of the population)! Other than the social control . There remains the medical ethical principle of "Informed consent." Well, I am informed, and I don't consent. What then? Why are we still pretending that Covid-19 is a particularly deadly virus and that we must destroy ourselves out of fear of it? All those who want to be locked up forever should just go ahead and lock themselves up forever and leave us the hell alone. Why do people with horrific plans always insist that we have to join their suicide pact for our own good? The Hong Kong Flu of 1969 was way worse than this WuTangFlu, and they did not shut down the economy. This is an intentional sabotage of the world economy. The aims are many - to impose a worldwide plutocracy served by tech stooges and psycho scums, to impoverish people to the level they won't ever protest politically, to overthrow the role of people in politics that is on the rise ever since 1789. Call it whatever you want, but this is no pandemic. Get ready for millions of bankruptcies, loan defaults, and bank failures. Millions of retirees will lose almost all of what was promised as big pension funds fail. Powell admits it will get very ugly, and no one knows how or when this ends. If reopening brings on wave #2 and they have to close it all up again, kiss any recovery hopes goodbye. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Three TRILLION $ more debt planned and Powell says now is not the time to worry about it, only when the economy has recovered. What The hell ! We haven't worried about it for the last two decades since Cheney said "deficits don't matter." Our great economy has never been anything more than a bubble pumped up by endless debt thanks to the Fed Bank. The wealthy are doing great , and the bottom 50% are unemployed, maybe forever. The banksters are loving it and want to keep us shut down to do the most damage. We are in real trouble. Pray for a miracle. Bailouts, more printing, baby print, print. Insanity continues. With negative rates looming and is coming, FED can’t raise any rates higher, is too late for that, so their only option is going reverse, you are going to see some funny thing happening. The economy has been sparling for a long time, and not only in the U.S. Unprecedented access to cheap cash, lack of any fiscal responsibilities, plus mounted with other policies and reality has also produced a fallout. Now Banks is put a tight lid on “Line of credit access,” which basically is putting small businesses folks in the cold and not to mention others who have to meet certain obligation is putting them in a state of what is a sense. Lady in Casino dancing for the bosses is starting to sweat. She realizes she is expandable and no longer can entice them. MMT/QE’s etc. And top with it, they will squeeze the last amount of breath from anyone. ECB/Fed/BOJ and other Central Banks around the world, and don’t think China is excluded, fiat is fiat they flow same way just the value is different, are on a collision course of facing final act. Total Bankruptcy and insolvent of nations due to internal debt which is way beyond understanding and external debt of the rations to GDP debt, which is already putting heavy iron plates on their shoulders. They will default, and not only the U.S but all of them will not meet their obligation. So next scheme is Digital, but the game is the same; bosses are well aware of their needs. They all soft defaulted in 2008 when all of the major Central banks started QE, and never really stopped. The issue is now that with the shutdown of essential production, it is going to lead to shortages, leading to price controls\rationing and inflation. The entire industrialized world is switching over to third world status. I very much doubt digital will work. It just makes it much easier to create inflation, and it is 100% dependent on reliable data & power to function. The Government digital currencies will likely be too easy to print when they need it and will quickly collapse in value. The Achilles heel of the industrialized world economies is tax revenue need to balance government spending with production. Tax revenue as all but collapsed, while essential government spending has gone to the moon. The U.S. is a dollar exporter, and both parties' donors won't allow anything else. If we ran a trade surplus, Wall Street's casino would close. The American people don't understand how corrupt this country is. The aim is to fleece the people quickly into debt slavery, where the shirt on their back is owned by banksters. The powerless people on the bottom of the food chain get hurt the most, but the fat cats with political influence are able to get the big bailouts. Basically, the Fed has de facto created Royalty in the world. They are the elites, rich, bankers, and the well connected. They know that no matter what.The Fed will save them. The working man has no chance. The head of the country's financial system, Jay Powell, is saying the answer to the country's woes is social distancing and forced injections by the military. America is already finished as a country. The dollar will lose its status as the world's reserve currency. It won't be long, and we won't be able to trade our pretty pieces of paper in exchange for real goods and services. The federal government will have to spend at least a trillion less than it does now. We won't be able to get away with our trillion-dollar trade deficit much longer either. We've been getting a lot of Chinese products at artificially low prices for a long time. An iPhone would probably cost $5000 if it was made in America. Expect the 2020s to be a lot like the 1930s. This was The Atlantis Report. Please Like. Share. Subscribe. 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