Thursday, April 29, 2021

👉Banks on the Verge of a Crash Worse than 2008 As Mortgage Defaults Are Piling Up https://youtu.be/835iMLpBLY4

👉Banks on the Verge of a Crash Worse than 2008 As Mortgage Defaults Are Piling Up https://youtu.be/835iMLpBLY4 Banks on the Verge of a Crash Worse than 2008 As Mortgage Defaults Are Piling Up -- Total Economic Meltdown America Falling Apart The economy grew over 6% with the government giving away thousands of dollars per person. What will happen when they are finished printing the money? Big drop coming. Did you just think stocks will just rise in the short medium term especially after the ultra mega bubble we are in? The market is speaking loud and clear. Sure the earnings are good NOW But this is as good as it gets. It's all DOWNHILL from here! If the Fed inflates assets 100% by devaluing the dollar, no wealth was generated. The purchasing power or value of the asset HAS NOT CHANGED. Capital gains taxes need to be derated for inflation otherwise its straight up theft by money system!! The casino will remain open, as long as money flows in. Fewer and fewer new buyers of bitconned .No one is buying at Lofty levels. Tether can only do so much. All that money they print has literally no effect on helping the economy because 99% of stimulus bill funds end up in the hands of the richest 1% and then parked. Inflation is about to rip higher. Fuel costs will jump and Amazon will have to pay more to ship. Everything that has happened so far has set us up for a grand finale that none of us will ever forget. We have already witnessed the worst public health crisis in about a hundred years, widespread lockdowns all over the nation, a crippling economic collapse and civil unrest in major cities across America. Millions of jobs that were lost in the first wave of layoffs are never coming back. It is undeniable our ongoing economic collapse directly contradicts a lot of the narratives that are constantly being pushed by the mainstream media and many of our political, business, and religious leaders. There are so many people out there that want to believe that the future is going to be exceedingly bright, and even though 2020 has been a horrific economic catastrophe, there are a lot of optimists that believe that it is just a temporary blip on the road to tremendous prosperity. It would actually be wonderful if they were right. But they aren’t. The feds QE into infinity will precipitate the collapse of the dollar and subsequent depression. The fed will debase the dollar and cause hyperinflation, and the ensuing calamity will be apocalyptic. It will be worse this time because we are headed to an inflationary depression rather than a deflationary one. At least until the last deflationary one, the average person may not have had much money, but what money he did have actually bought more stuff. In the coming inflationary one, the dollars you do have will buy less, so the average man's standard of living will go down even more. The pandemic and the associated sharp contraction in the U.S. economy have abruptly ended a long period of good fortune for the US banks and created their greatest challenge since the 2008 financial crisis. The Big banks are set for the worst financial quarter since the financial crisis. In fact , as the big banks gear up for earnings season, many investors are anticipating the worst quarter for the banks since the financial crisis. We are going to have more loan pain but plenty of fee income. Q2 earnings should bring this market back to reality. It is going to be ugly. The Banks Report Earnings is coming , It Won’t Be Good. I suspect the rubber is about to hit the road hard. Too many people not paying rents. Too many people not paying mortgages. Too many small businesses are going bankrupt and leaving their loans uncollectable. Too many write-offs. All the liquidity in the world does not make up for actual losses on the balance sheet - every dollar borrowed is both a debt and an asset .When the mortgages go into bankruptcy suddenly you are staring at a balance sheet with a lot of debt and no asset. The books can be cooked - and they will make themselves look better, but ultimately all the cooking just makes things worse. Hold onto your butts; the bankers are about to squeal like pigs. The credit defaults will put a hit on banking. A huge jump in unemployment claims will spell the beginning, not the end of this crisis. The default will probably rise before the layoffs and unemployment numbers. The negative demand shock will cause a sudden default to incorporate, then unemployment. That is what the FED and the EU central bank is afraid of. Twenty-eight million, or one in five Americans who live in households that rent, are facing mass evictions. Half the country's rent moratoriums are over. Courts are filling up with eviction cases. And the problem gets worse, that is because when rental income for landlords collapses, they will experience financial hardships as well, including servicing mortgage payments and inability to cover other building-related expenses (if those are fixed or variable costs). Over half of mortgage payers haven't made a payment in months. Even though most banks are only Servicing most mortgages and aren’t the owner/investor, the Banks still have to cover the first few months of delinquent mortgage payment per most investor contracts. That’s a serious coin for millions of mortgages if the borrower never cures the loan and defaults. Additionally, banks have to write down the value of their mortgage servicing rights when a loan defaults. All that said, it’s still better than being the investor backing the loan, but Banks still take a decent-sized hit when loans start going bad, even in relatively small numbers. Nearly 10% of overall bank funds are tied up in bonds and loans to the energy sector. At this time, with more and more brick and mortar retailers going bankrupt ,resulting in more and more vacant stores in shopping centers and malls. The banks holding the loans on said properties could see many related commercial property loan defaults. No buyback equals no profits because banks always manipulate to make money on buyback ,buy low sell highs. So what does it mean for investors? Well, if there's no buyback, we know fed back up banks because fed planning or know things will drop a lot more. Fed does not want banks to buy back high, then it drops! Banks and corporations owned by the Fed; and the Fed and corporations and banks owned by behind the curtains world power. I am shocked that with 30 million unemployed, the economy stalled, and consumers confined to their homes, that banks aren't able to just hold a net out the window to catch all of the money falling from nearby trees and use it to record profits despite whatever is happening on the filthy little people milling about like zombies on the streets. And apparently, this is good news--with the market shooting higher every day. Still charging 25% interest rates to customers on credit card accounts. And now they want a backstop for potential losses while they borrow money at zero percent interest. Bottom line, savers and speculators are screwed by the banksters, who always get their way from the greatest inheritor of all time. It is good to be born well. Ask Baron. This is the price of debt-based wealth. Everything from cars to corporations is financed with massive amounts of credit. Entire countries are robbing Peter to pay Paul to the point where no one even knows who is paying for what, if anyone. It's like the entire world economy, and particularly the American is one big Ponzi scheme. The Feds are running the Banks as Russia and China do. Welcome to Communist America. The Fed's have turned into Socialist Communists and are running the banks. What is very obvious is the Fed has been loading the banks since last year through the Repo market, and it is well known on the street that banks needed liquidity. The pandemic has really provided some cover for what was coming anyway. The explosion into vehicles to increase that liquidity, even in the form of "junk bond ETFs," further speaks to this reality. Net short, I'm happy to hold longs as well, but the transparency from the Fed speaks to desperation. Stress tests and meetings with the senate, just a dog and pony show for the public. 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. Thank You. If the current economic shock has taught us anything, it is that despite all the new controls rules regulations put in by Congress after the financial crisis,Wall Street always has a way of finding new and inventive ways of creating things to sell like the hundreds of billions of dollars in subprime mortgage-backed securities that basically broke bank balance sheets more than ten years ago. A similar but simpler Wall Street product needs to be on your radar if it's not already. You've probably heard about them. They're called collateralized loan obligations , or CLOs . No not CDOs. Those are collateralized debt obligations, which of course, just you know, help destroy the banking system in 2008. CLOs are bundles of business loans generally made to smaller or mid-sized companies some of whom have maybe trouble balance sheets or maxed out their own borrowing, can't sell bonds directly to investors or do not qualify for traditional bank loans. The banks are making mistakes similar to those leading up to the 2008 financial crisis. Only this time with this new type of security that could break bank balance sheets beyond repair. The only constant here is the taxpayer always pays for the sins of the rich. But hey, no worries, the Fed will bail all out. Fed has been buying bonds. Thus, these companies will be able to issue more bonds and pay back their debt to the banks. The banks also can sell off the bonds they're holding to Fed at a profit with near 0 rates. All win-win for everyone except the federal balance, which no one cares about. Debts no longer matter, employment no longer matters. Governments printing funny money no longer matters. Corporate losses, stores closing it does not matter. Dead bodies, mass graves, it does not matter. Welcome to the Twilight Zone. The Fed now needs to print faster! Fun facts: The Fed is not, I repeat not, a government agency and not part of the federal government at all. The Fed is a private institution run by private bankers, who have taken over the US governmental finance sector. The US constitution forbids anyone but the federal government from printing money. The US government does not print money. The Federal Reserve (a privately owned company) prints our money then loans it to the US government via treasury notes, and the US government pays interest on it. The US government pays interest on money it borrows from a private company. It allows it to print our money. Let that sink in and think about it. If the US government would simply print its own money, we would not be in the debt crisis we are in now. We live in an unofficial oligarchy. The democrats and republicans fight and debate on camera, but behind closed doors, both parties are on the same team, and the mainstream media stations will keep people divided by race and class, focusing on issues to distract all of us from focusing on what corporations and their politicians are doing behind the curtains. prepare for another downturn in the stock market as investors will soon realize the shape of the recovery is an "L" rather than the overhyped "V." As long as the central banks keep interfering with market forces. They're not only protecting their own portfolios by putting us deeper in debt, but they HAVE TO keep these equity and bond markets up. If they don't, they're going to have tens of millions of retirees who are suddenly insolvent. Everything will collapse, in some places more than others. And as food prices move higher and higher, this will put additional stress on tens of millions of working poor Americans that are barely scraping by from month to month. 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

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“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?

PHILIP ZIMMERMAN, DER SPIEGEL

“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
UNKNOWN

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
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"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


Po
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 !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

"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
UNKNOWN


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
UNKNOWN

Freedom is not Free
UNKNOWN

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 "
UNKNOWN

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
UNKNOWN

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
UNKNOWN

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