The Federal Reserve is poised to spray trillions of dollars into the US economy to fight the pandemic and its aftershocks. These actions are unprecedented, going beyond anything it did during the 2008 financial crisis in a sign of the extraordinary challenge facing the nation. The US government was already running massive budget deficits long before the pandemic, and the debt was piling up at a dizzying pace. The US government’s war against the coronavirus is imposed the heaviest strain on the Treasury since America’s drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago. Since 2008, America’s national debt has surged nearly 200%. Government spending soars during the pandemic. The US national debt pushed above $28 trillion . That's a whopping 225K Dollars per tax payer. America’s debt doesn’t stop growing. The current debt-to-GDP ratio is already of127%, which is expected to rise to 277% by 2029. While the US National debt is expected to approach $89 Trillion by 2029. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. Instead of draining the swamp, we are draining the nation. This is theft in broad daylight. Nothing more than a large wealth transfer mechanism for the rich and the connected. Spending billions in corporate welfare from every wing of government under the false premise that it will produce American jobs when the money is really funneled to stock buybacks and CEO bonuses. Ever since the US national debt exceeded 90% of GDP in 2010, inflation-adjusted average GDP growth has been 33% below the average from 1960–2009, a period that included eight recessions. The US is now acting like a giant corporation and treats its constitution as corporate by-laws. The deficit will be 26 trillion and a Central Bank with 10 trillion on its balance sheet this time next year with a dead economy. What country in its right mind would accept the US currency for their products or resources. Oh, and our oil is too expensive to export, and many of our major industries suck ,like aircraft and weapons manufacture. I know, I know, we have Facebook. Our Universities graduate socialized snowflakes that have no initiative. The USA needs decades to retool. If US debt and The Fed Balance Sheet don’t matter, why do we pay taxes? Just sell Treasurys to the Fed for the whole enchilada and leave us alone. It won't matter how many trillions they throw-in. No amount of trillions will fill a bottomless pit. Doesn't the FED understand the tsunami of derivative debt? There is no bottom! The derivatives pit is bottomless. America is financially doomed. 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. The $2 trillion fiscal stimulus which gave the Fed the ammunition to issue up to $4.5 trillion in additional debt, a Multitrillion Dollar Helicopter Credit Drop. Out of the $2 trillion, only $290 billion is meant for direct payments to families, which, as a reminder, was the whole point of the bill. The elite are happy that you are not in charge. 2 Trillions of insanity. Other than the direct payments, none of this money can be spent/used if the majority of the workforce is sitting at home. If that's true, then what's the point of the program? Solvency of the owners. Debts imploding does wonder to leveraged balance sheets. The point of the program is so that the plebs can pay the rentier class. Sorry, no one is bailing out you and me. These are "dollars of nothing" that are created by typing in numbers on a keyboard and pressing "send" (or enter). Let these numbers of nothing be created, and soon enough, the fake currency system will collapse. Fiat money NEVER lasts. A dollar and a pound and a shekel have one thing in common. They are a measurement of something. If you go to the store and say you want a gallon, what do you think the store clerk would say? A gallon of milk, water, juice? A "dollar" is a unit of measurement. That is all. So a dollar of silver (used to be called a silver dollar) describes how much of something. We have no choice but to eliminate the federal reserve and use silver and gold as currency. The Fed is making it up as it continues to do anything possible to prop the system up a little longer for its Bank shareholders, the Globalist (((elites))). First, Bernanke assured us that he was NOT monetizing debt because the increase in the Fed balance sheet was only "temporary." When that became obvious as complete falsification, they reverted to "MMT" because "It doesn't matter how much money Government prints, restricted only by hyperinflation. Already they have had to accept that the Dollar will have to be sacrificed, which, together with Russia's assistance in the oil market, mans the end of the "exorbitant privilege" of the Reserve currency and foreigner interest in buying USTs, replaced by direct Fed monetization of debt. Sorry, I meant to say replaced by MMT. They're running out of games to play. So hyperinflation is the real end game. It comes after a deflationary depression. MMT, Helicopter money, Stimulus Package. Not long ago, we looked at this kind of quackery as lunatic fringe Leftist Socialism. Well, here it is today, and all I hear is gimme my money. Enjoy your 1200 bucks or whatever as your rights and liberties, and overall financial picture melt away for the enrichment of our overlords. We now live in a Fascist country. Long live our dictators. Yep. The banksters are absconding with trillions, but once we accept the $1200 table scraps, we then become 'complicit' and have no recourse. They are either going to end cash or print it into worthlessness. They will, of course, push everyone into the digital money. The only way to escape their system is to stop using it. We can use our own system. There are no citizens anymore. You are either a debt slave, a brainwashed consumer, or if you refuse those dictates an enemy of the state. Human capital is the property of the capitalist. Slaves are "Human Capital. Where is the actual value coming from? It's not coming from the Fed. The Fed doesn't produce anything. It's not coming from the government for the same reason. It's coming from YOU. It's your labor, your time, and energy that is being given as corporate welfare, and you are getting a $1,200 consolation prize in return. Unfortunately, we as a nation, are going to have to undergo an unprecedented bout of suffering before the great masses are FORCED to learn and discern the reasons for their plight and more importantly, who brought it all about. At this very moment, those eternal culprits are planning their next move. That is - a segue into an all-digital currency. They are going to use it as a convenient excuse for the uncleanliness of paper currency. If this is sold to the herd, then their worries are over. They can spend and inflate currency at will. They will also be in charge of everyone's digital accounts. They are demons of the first order and must be struck down before it's too late. And in case anyone still hasn't figured it out, the whole "republican, democrat" split of the population in two rival camps is nothing more than theater meant to distract while those in control loot not only the here and now, but also rob the future generations blind. Because the sad truth is that behind the fake veneer of either progressive ideals of conservative values, politicians on both sides have one simple directive: to perpetuate the broken status quo for as long as humanly possible and get as rich as possible in the process. The two-party system is proving to be an abject failure in the US. People who think they are out to end the Fed are delusional. They are ecstatic with their actions, and they wanted zero interest rates and QE even before the pandemic came along. Politicians on both sides have one simple directive: to perpetuate the broken status quo and get as rich as possible in the process. If the majority of sheeple are too stupid to notice or to prevent this, then I don't see why not. Life is basically the evil preying on stupid. And, it is so hard to convince people of that one simple fact! Republican/democrat are different spellings of the same thing: Crony capitalism. Prices are over time set by what the market will bear. Multiply the amount of money in people’s pockets by 5, but keep the number of goodies to buy the same, and over time sellers learn they can charge about five times what they used to. In some ways, the sellers are forced to charge more, because all of the things *they* want to buy costing five times more. Printing money also destroys people’s savings. Worked for most of your life to save ten year’s earnings for your retirement? The last thing you want is for somebody with a printer to explode world cash and turn your ten-year savings into the equivalent of a coin jar. Stable currency value, the ability to save without the risk of being pilfered by your own government, should be every citizen’s birthright. Parable: you can print tons of money, but that doesn’t double the yield of crops, provide a massive number of exotic sports cars, or manufacture more beachfront homes. And the sometimes stealthy, sometimes brutal erosion of the value of our money is nothing less than government-directed theft. Theft that ultimately puts large portions of the population in a state where, tada, the government is forced to step in and provided for the day to day needs of the poor masses. Which their monetary policies pretty much created. The fact of the matter is a real free-market solution destroying millions of businesses, and putting millions of people out of jobs would have laid the foundation for a new renaissance in the USA economically, socially, and culturally. The USA would have emerged from this disaster as a new competitive force in the world and told china to suck it. Yes, it would have been the greatest redistribution of wealth in the history of economics. It would have been the phoenix rising before there are ashes. It would have been the total renewal of the USA. Instead, these idiots are so intent on protecting the status quo that they have destroyed the USA through the back door and told the American people they are only worth 1200 bucks to get pissed on their heads. The Fed lends to the US government by buying treasuries and lends to public banks by extending credit in the open market. Interest must be paid on that debt. Since there is always more debt than money in the economy, it can't all be repaid without borrowing more. The system is designed this way. It's a more sophisticated form of enslavement. The public debt is never going to be paid down. While the sheeple were fighting over toilet paper, the overlords are bickering over trillions. "It's a big club and you ain't in it" . The ability to take advantage of all this debt is definitely a club very few are in. 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
No comments:
Post a Comment