👉Millions of Jobs Not Coming Back ,Inflation Skyrocketing ,Economic House of Cards Ready to Collapse https://youtu.be/5oVbKRKRcDI

👉Millions of Jobs Not Coming Back ,Inflation Skyrocketing ,Economic House of Cards Ready to Collapse https://youtu.be/5oVbKRKRcDI Most of the americans have never experienced anything like this in their entire lifetimes. Fear of the pandemic, ongoing civil unrest in major U.S. cities, and a whole host of other factors have combined with plunging us into the worst economic downturn since the Great Depression of the 1930s. If this is the recovery, what will things look like once the economic conditions start to deteriorate again? More than half of all households in some of our largest cities are facing serious financial problems, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020. When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record that stood for nearly 38 years. But now we have been way above that old record for 25 weeks in a row. On Thursday, we learned that another 769,000 Americans filed new claims for unemployment benefits last week… Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the pandemic. The Labor Department on Thursday reported 769,000 first-time filings for unemployment insurance, compared with 729,000 from the previous week. The entire house of cards that defines the U.S. economy rests on the foundation of the dollar's reserve currency status. Lose that, and the economy topples. In the face of record-high employment years after the end of the great recession, the Fed's worship of Wall Street kept them engaging in massive borrowing and kept the system awash in artificially cheap money. Meanwhile, Mom and Pop retiree ate their seed corn because they could not earn interest on their money, as zombie companies were propped up. Now the Fed has no choice but to keep rates low but has no ammo to make a meaningful rate cut that would help us weather this storm. The Fed's action has destroyed price discovery, creative destruction, and free markets in general. With revenues massively down and stratospheric private and public debt, we will have to raise taxes at the worst possible time. Oh well, at least we had that tax cut for the ridiculously rich, which did not trickle down. Extreme government debt is why the Fed, even before the pandemic, has worked hard to keep interest rates low, thus hurting savers who don't want to be in the stock market. If interest rates were back to historically normal 4-5% levels, that would add roughly one trillion dollars more in government spending and borrowing every year. The government would have trouble due to increased risk of default, paying back its loans, and/or getting its bonds sold, further raising the interest rates and debt needed to attract Treasury bond buyers. That's how governments and economies eventually collapse, ruining everyone's finances and destroying millions of jobs. Spending has to decrease substantially to prevent this future outcome. Start by eliminating all 2,300 Federal subsidies, deliberately hidden in many Federal departmental budgets and not detailed in its own individual departmental budget as it should be, so that you and I cannot see this fiasco of unnecessary government spending which is estimated to be about a trillion dollars a year. The current inflation in the US is between 8 and 12% per year, according to John Williams. This means that about 50% of your savings, pensions and income have been stolen over the past five years. And transferred to a Ruling Cabal of thieves, crooks, and degenerates of this world. Everything is rigged, and the western world is now built on endemic lies as far as the eye can see. Truth and morality have been purged from America by the vilest and evil people on earth. The fake government statistics and the high stock market prices convince the sheeple that everything is OK. Even the consumer inflation data is bollocks. They consider useless discretionary crap, like biotech and tobacco. I don't buy biotech or tobacco. I buy food and pay for a residence. You know the things that are increasing much faster than the official rate of inflation. That should be the only thing in the core CPI; food and houses. Inflation is everywhere if you just bother to look. My health care is up 9% this year alone! It is eating away at my take-home pay and making me and my family poorer. Grocery prices are also rising each year. And my state and local taxes keep going up. On and on, I could go. If they're trying to hide it, they aren't doing a very good job at the grocery stores and gas stations. By the way, there are only 30 corporation stocks that make up the Dow Jones Industrial Average, and they ain't very industrial anymore. 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. The FED must lie about real inflation. If they admit that real inflation is over 5 percent, then it takes ten years to inflate away half of your wealth. People who think they are going to retire are going to have a severe wake-up call. The real inflation of all the money created after 2008 is just now coming home to roost, and that isn't even counting all the offshore dollars from the petrodollar. As other countries use other currencies, those dollars will come home as well. Inflation in the next 20 years will be crushing. Learn to grow a garden. A big garden. And buy some silver and gold. Anything that will maintain its value. The storm is in the mail. If bread goes up in price, it is taken out of the family basket of weekly essentials and replaced with something which has gone down, like out-of-season cruise ship prices. It`s not only the stock exchanges that are manipulated. Unemployment figures are also a joke, not counting the tens of millions of Americans who have stopped looking and the tens of millions more who have to work multiple jobs to keep their heads barely above water. The United States has the worst wealth concentration in the developed world by far, and it is getting worse and worse. With that reality, that $2.9 trillion stimulus which was a gift to corporations and the rich, was an abomination, which will come back to haunt the greedy wealthy. Let them eat cake always ends badly. When the politicians realized they could have more play money in the budget by leaning on the statisticians to understate CPI, that measure became worthless as a measure of inflation. These are the massive discrepancies in what the FED is saying happens and what really happens with trillions of QE printed and dispersed. The little man standing behind the curtain in the final scenes of "The Wizard of Oz" is probably the most accurate presentation of what the FED is doing. It's a scam, but the only difference is that you can't click your heels three times and go home. They're taking us all for the ride, and in that, we have no choice. I think about inflation as having to work harder, longer, and smarter to get less stuff than I used to get when I worked less and dumber. Based on that, I'd say there's been about 10% inflation compounded downward annually for quite a few years now. Inflation is directly proportional to the money that is produced out of thin air within a fractional reserve banking system. No other result is ultimately possible. Inflation is a slow robbery that does two things. It devalues savings and inflates asset prices, forcing people to spend and gamble. It stimulates consumption. On a planet where everything is finite. Inflation completely warps supply and demand and, over time, leads to shortages of essentials and overproduction of garbage. Inflation exists as one of many wealth transfer mechanisms. It's a casino where some do win, but only at the expense of someone else losing. And, of course, the parasite institutions get to collect a convenience fee for doing god's work. Supposedly taxes are collected for the privilege of us using the Fed's money. Yet somehow, even transactions not involving fiat are taxed equally. Even if you barter, you are supposed to pay taxes issued in the currency that was nowhere near during the exchange. I mean, come on. We all know that the foundation of the modern economy rests on lies upon lies. Instead of maintaining equilibrium, inflation favors growth. When growth stops, everything collapses. Money vanishes, and only assets remain. All the collateral pledged goes back to the bank when they yank the carpet. That's what it's all about. The game auto-terminates when the bank owns everything there is, and in over 100 years of Fed's existence, we're almost there. It's by design. The dollar is backed by paper and ink. It is being overvalued from the beginning. The market will correct it. Eventually, when the dollar reaches the true value of the paper and ink it is made of, then the dollar will become stable until the paper and ink wars start. The US Dollar bought 100 cents worth of stuff in 1913. Today, the US Dollar buys between 3 and 4 cents worth. The majority of sheep in America have NO IDEA of the truth. That is, today, the US Dollar is just a piece of paper with ink on it. It is a con game run by the bankers. The "con" stands for confidence. When that is gone, it will be Germany in 1922 here in America. The Fed is not creating money. It is creating the currency, i.e., debt and debt, which is slavery. Nobody can create money, i.e., gold, there's a finite amount, and when it's gone, it's gone. When the US Dollar and all other currencies collapse, gold's true value will be revealed, and at that price, it'll be unaffordable for 99.99999 percent of the world's population. 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 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