Friday, January 15, 2021

👉Unemployment Claims Surge to Nearly 1 Million in First Week of 2021

👉Unemployment Claims Surge to Nearly 1 Million in First Week of 2021 The initial weekly jobless claims increased by 181,000 to 965,000 in the week to Saturday, disappointing market expectations. Worst weekly jobs report since august. The number of Americans who applied for jobless benefits soared in early January to a five-month high of nearly 1 million as more workers lost their jobs due to business closures and restrictions to combat the winter resurgence of the pandemic. Initial jobless claims filed traditionally through the states leaped by 181,000 to a seasonally adjusted 965,000 in the seven days ended Jan. 9, the government said Thursday. It was the highest level since August. Actual unemployment is 26%. Time, complacency, and crowd control that is part of what is gained. The government has been massaging numbers for a few decades now in order to be able to make reports look better than they are. I remember when the government eliminated M1 money supply velocity in the 1980s. As regulatory capture has now turned a republic into a crony-capitalist system where the wealthy pull the levers, the FED eliminates indicators that disprove this phenomenon. It is all about creating hope through false data. It doesn’t make any difference in the facts. Any hope felt by the masses through media pushes the V-shaped recovery hypothesis. They will push it until it becomes become a slow drawn out U, or until they can figure how to manipulate the GDP more than they do presently. Anything it takes! The government will print money and give it to consumers, which has the salubrious effect of inflating the monetary base and stock prices. The US is in an economic meltdown, but the stock markets are at an all-time high. Millions are forced into the bread lines because of an autocratic shutdown causing widespread unemployment and small business closures, most of which will never reopen. And wait until the UI Benefits in the stimulus bill kick in. It will add another 5 million that have been dropped off by some states with shorter benefit weeks allowed. A direct correlation between economic shutdowns and unemployment. I mean, who could have seen that coming? Economic shutdowns in addition to High insurance rates, High corporate tax rate, high personal tax rate, high workers' compensation rates, high litigation cost states, burdensome regulatory environment, rabid public sector unions, forced union membership, closed shop states, high cost of living, traffic congestion, liberal statehouses. The data shows trends; the trends now show increasing harm to the US economy. Each increase in the number of unemployed is also an addition to the number of uninsured. Reportedly, a person who recovered from this virus got a bill for medical costs of $1.1 million. Who will pay such bills if many Americans do not have the funds to pay them because they are uninsured, unemployed, and often have continuing physical problems? Counties, states, and hospitals/medical centers will have to pay or bear those bills and costs. Admittedly, those bills include a profit margin. Indeed, insurers have had medical providers inflate their bills for many years to maximize gullible insureds’ co-pays, while the insurers get agreed-upon, huge deductions, so they can pay off the bills by paying a tiny fraction of their totals. Nevertheless, the fact remains that many hospitals are going bankrupt because they are incurring wages and other costs to treat the pandemic patients, while they also cannot perform their money-making plastic surgeries, etc. More will lay off staff or cease to exist. States and counties will have severe funding shortfalls since they must pay many of the bills of the uninsured. Unlike the Fed, they cannot just print money. With the destruction of more small businesses by renewed closures, maybe also in fall or winter again, vicious circles are starting to occur with increases in the numbers of unemployed and decreases in the numbers of small businesses. The opposite of the beneficial, multiplier effects that occur with the start of new businesses, who pay bakers, restaurants, rent, etc., and thereby those bakers have more wealth to spend. The passing of the next stimulus bill, soon to be announced, will approach 2.2 trillion dollars. Now the States will stay above water, and then we will entertain another bill for infrastructure soon! It will never stop from here on out until the currency is TOAST! But don't worry, the digital currency is on the way. This will cure everything, so they think. This is just the start; you ain't seen nothing yet. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. When you have a government that's promised state employee pensioners will make $100k plus a year for life while the rest of the non-state employees pay for it and saying 'I'm getting the hell out of here,' you might have a problem. When you destroy the currency by promising the moon, you destroy the country. Welcome to the Biden economy: More shutdowns, more unemployment, more food stamps, more relief checks, more bailouts, more masks, more riots, more suicides. It's the cycle. The cabal moves the market up and down as they need. The thing is rigged like hell. They always give away the plan. They reveal their plan so they can say they told you so. It’s easier to close an economy than to reopen it. Many businesses have closed, but many more will follow when the recovery is much slower than anticipated. And it’s not just restaurants, bars, and theaters that will be affected. There could also be large disruptions in travel, education, transportation, and real estate. It may be years before we adjust, and we may never get back to where we were. Being evicted, not having food or the money to buy it, being locked's like a strangled hamster will go online and buy least that's the expectation. And yet, the market keeps rocketing higher. The bad news is good news. It's positive even if it's negative because we predicted even more negative. All that matters is the stock market – we are all witnessing a crime in progress. As translated from the data, the Stock increase does not bring more jobs; in fact, it increases joblessness. Therefore, a lower interest rate to bring up the value of the financial assets won't help the labor force employment rate. Most of the stimulus money is really just free money to Wall Street. Those impacted see very little help. Let's be fair, We the People, aren't getting trillions for doing nothing. Only something along the lines of 11% of that $2.3 trillion went out in unemployment, direct stimulus, or something relatable. Everything else was huge pork projects. Most of the bailout money goes to the politically connected class, not the average Joe Sixpack. The looting is without precedent. 40+ weeks of astronomical new jobless claims. Shutting down businesses will do that. Economist warns many jobs could be lost permanently. Unemployment higher, FED prints more money, money goes to the rich people and into the stock markets. And the market keeps on ripping. All of this money going into the markets is free money from the federal reserve. They print it, both openly but mostly in secret, and the investment bankers invest it into this trap called the stock markets. And soon, next year, I believe they will pull the lever on that trap door, and the bottom will come out from under all of the investors that were not part of the club and who were not forwarned. The market cheers excessive jobs loss numbers. It will continue to soar since all those former small business owners will take more and more of the available jobs. If they were running a successful small business, they are a far more valuable employee than any newly minted graduate of either high school or college. Biden can print all he wants - there is no - zero - nada - nothing - in terms of organic growth in the economy. 1) Print. 2) Buy imports. 3) Distribute. 4) Consume. Print more. Just fresh cutback, waiting to become kindling. Echoes of the German '30s. The lure of easy money is there, just like prior to 2008 and prior to 1929. And we keep taking the bate. But for those who are part of the club are told in advance the plug is about to be pulled, they will be the winners, and everyone else will be the losers. We are entering the Dark Period that was promised. Like all politicians, it was just explained as something else. Get ready for much more. I remember the days when a trillion was a ton of money. Now it's thrown around like it's chump change—toilet paper US dollar. Soon (within three years), we will have a $25 trillion economy, with a $50 trillion national debt. And 50% of unemployment. Universal Income all the way baby! They say getting $2000 stimulus checks out is their first order of business. If $2000 is good, why not $10,000? All they have to do is start a night shift at the printing press and maybe purchase some additional presses. Also, if they print $100 bills instead of the usual $20 bills, it would increase the pace of wealth creation by 500%. People could really use that money to pay down their debts, which would free them up to put more purchases on credit. I really wish they would bring back the $500 notes and $1000 notes taken out of circulation in 1969. It really is hard to buy things with cash of higher value, but perhaps that is the point? What I fear most about the global central banks creating digital currencies is the control over how we spend it, when we spend it, who gets negative rates, which gets positive rates, who gets more stimulus (winners), who gets less stimulus (losers), etc., etc., etc. And if you thought American life was complex today, you will be shocked how crazy and complex it will get if the government controls our spending and survival habits… When you merge Monetary and Fiscal forces with a government controlled digital currency, you create what I call a “Behavioral Economic Incentive System,” which is anything but a free society and free markets… Hoping I’m wrong. Yet, I do believe we will see more economic, society, government, healthcare, currency, and taxation changes in the next 3-5 years than we have seen in the last 30 years. It is going to be a wild ride…so pick and choose your time wisely as we all end up in the same hole in the end; the trick is to minimize the time spend in the rat race maze. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Blog Archive

“Control oil and you control nations; control food and you control the people.” Henry Kissinger

once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?


“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924

Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money

Taxation is legalized Theft

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan

"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich

There is NO political answer to a spiritual problem!
Steve Quayle

litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow

When People lose everything and have nothing left to lose , They Lose It !


Your Greatest Teacher is Your Last Mistake

The one who Controls the Education System , Controls Perception

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left

No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please

Freedom is not Free

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff

You can love your Country and not your Government

Jesse Ventura

" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan

"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato

The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki

"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki

"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN