Thursday, May 6, 2021

👉Initial Jobless Claims Fall, Inflation Explodes, As we Enter a Recession like no Other

👉Initial Jobless Claims Fall, Inflation Explodes, As we Enter a Recession like no Other Initial Jobless Claims Fall, Inflation Explodes, As we Enter a Recession like no Other. For the first time since the pandemic, the number of first-time filers for jobless benefits dropped below 500k (498k to be specific). The number of Americans on some form of government jobless benefit remains above 16 million. Over 16 million still claiming on all UI insurance. Continuing claims (unemployment) for April are 3.69 million, compared to 3.62 million expected. The real number is one hell of a lot higher than 16 million. As the dole comes from almost every sector of modern government. How many actual entitlement programs are there,does anyone know...? There are at least 16 million illegals on the dole. Five hundred thousand new claims for unemployment is NOT a sign of a healthy economy. Why are companies still letting go at such high numbers if the economy is improving? Because it isn't. Fifty-two million unemployed : 205 Million working age Americans multiplied by 26% unemployment (as per Shadowstats). After the 1929 crash, the unemployment was above 20% for four years. We have had 20+% unemployment since 2009 by the same measure according to shadow stats. No real reforms have been made except the push towards more communism. Now we are looking at hyperinflation and communist price controls. 500k is a level that shows the labor market is shrinking. The economy is still badly impaired. Cries for another stimmy are coming. The economy will be in full delirium tremens in 3 months. Several weeks' worth of data are clear. Trillions in deficit, runaway social programs, I mean "social infrastructure investment," 20 million workers drawing unemployment benefits - yet the unemployment rate is reported as only 2% points higher than two years ago when the economy was reported to be performing better than any time during previous 50+ years; material shortage of all types; highest inflation in 50 years; highest budget deficit in history of the modern world . The economy is stalling or slightly down. House of cards is about to blow over. Trillions spent and nothing to show for it but debt for future generations. The US economy is sucking wind, while stonks (casino) are at all-time highs. Hard to wrap your head around this dysfunction. The Market is a complete joke. Fundamentals, ERs, revenue increases, upgrades, incredible news and so on and none of it matters anymore. If your position does well they are out to tank it. All that can be said about all of this is, ‘Congratulations, Jay! You’ve officially blown the biggest stock market bubble in history.’ In Weimar, people kept thinking they were getting rich selling assets at inflated prices. Fast forward a year and the German Mark was worth less and less and the asset prices were going up and up. Stocks and Crypto are bread and circuses keeping people entertained collecting their unemployment and UBI as they make many times more money than they can working. Who is going to keep the lights on and feed us, immigrant workers? This will not end well. This never-Fed outrageous theft and this particular bubble, ". Widely considered the greatest bubble in modern history," is that much more impressive (and even scarier) when you consider that: it was blown during a solid year of continuous "mostly peaceful protests;" and, 75% of the entire US and world were locked-down for a solid year. The Fed Bank now basically "owns" the stock market. They will truly own the market when they are forced to buy stocks (ETFs) to prevent a total collapse. This is coming, just like in Japan. Rates cannot be allowed to rise or the Ponzi collapses overnight since debt has gone off the charts and more on the way. It has taken TRILLIONS of $ to inflate the equities and housing bubbles and a crash is almost certain. There is no way back and the lemmings will lose it all. There will be homeless tent cities from coast to coast and millions will never work again. Stimmy checks forever to try to keep the cities from burning as unpaid rents lead to inevitable evictions. Communism will sound great to desperate millions. The CCP created mild but effective pandemic and our sick leftist media ran with it. Fear gripped the fools, and our country was shut down. We were already circling the toilet bowl, having shipped most all our manufacturing to China in return for cheap goods. The CCP simply hit the flush handle, and away we go down the drain. Fools will hang on to their stocks so certain the Fed has their backs and will take big hits. Many landlords cannot pay the mortgages, and the banks will fail from unpaid loans and, of course, demand bailouts. This is all so clear, yet people want to believe Fed 'Happy Talk.' They have to lie to prevent panic. Plan now for the great darkness ahead. No God, no nation. MMT is a subtly different economic regime worth studying closely to see what the next decades will bring. The state issues money and taxes the citizens like in feudal days of lore. The state controls the economy, expansions and contractions and taxation. That is subtly different from we the people electing congress to create money that circulates in a free market. The need for media control, authoritarianism and 'all of government approaches' make sense within the framework of MMT because the economy is based on control rather than freedom. Leaks need to be plugged and issues dealt with efficiently because this highly tuned economic system is as fragile or robust as the control over the populace. Happy studies. 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. Among the business categories, retail stores had the highest number of total closures of more than 27,000. Restaurants had an exceptionally high share of permanent closures, with 53% of the closed restaurants saying they won't reopen, according to Yelp. 41% of businesses have shut down for good during the pandemic. As of today, 140,000 businesses listed on the Yelp review site remained closed. By far, retail shopping was hit the hardest. 1 in 4 restaurants won’t reopen after the pandemic. Businesses with fixed costs and low margins lose money even with small dips in revenue. That's why the smarter ones have already closed down. Many others will be forced to when the math becomes clearer. Paradoxically all of these happened because we reopened too early. This story breaks my heart because small business owners are the backbone of this country. It shows how things are getting worse. Real Estate is a great economic indicator. It keeps getting worse and worse on business. All my fellow business friends are in deep trouble going forward. Most are wiped out. Most are hoping for another PPP style grant. There will be no returning from this for so many. It's devastating. They'll throw them a universal basic slave income, inside a social system slave score, as long as they do as they're told. Oh, isn't the future looking so prosperous and magical? The concentration of the economy. Destruction of the currency end of the middle class. This should free up more people to riot, loot, and burn buildings down. It's a growth industry. Plus, it is really bullish for the market. Once we settle into an actual depression, the Fed will buy stocks and buy everything in sight. And then they put everyone on guaranteed monthly incomes. People can sit at home, get fat, and buy crap online since the only company left will be Amazon. You may now be able to fully put 1+1 together as to why half a million people filed for unemployment this week. We are immersed in the Second Great Depression, where half a million job losses will happen weekly into the known future. We are at the start of a great generational depression. Commercial and residential real estate is collapsing as are other big-ticket purchases. When the debt markets collapse from complete absurdity- how many trillions of fiat creation will it take before no one wants them? It's a bad time to live in urban areas. My advice is to prep and moves out. Be smart. Stack cash, stay out of debt, invest wisely, diversify. Patronize your local small business owners every chance you get. Farm Land far away from a major city, livestock, garden, freshwater, guns, ammo, more ammo, likewise neighbors. The cities are done, and the only way they will be able to limp forward is by raping the productive class to try and spread the pillage between the parasite lazy pigs and the parasite government workers. There will not be enough money, and the fight over the scraps will be violent. Only an idiot can't see what is coming in the big cities, and it is not unlike Mad Max. The cost to service our debt was more than half the GDP for the first time in history. And that was before the current round of money printing. Since we have had a 46% drop in GDP from last year. Now, somewhere around 100% of our GDP (or more) is going to service debt. This will be a ten-year global depression.This pandemic is a perfect cover-up for the GREAT RESET. Next is all digital currency's say bye-bye to paper. It is all about creating a giant sheetshow, like tossing a smoke grenade into a crowded room in order to cover their escape. That is what all this is about. Thousands of filthy rich thieving bastards are making one last heist and fogging the place up for a perfect getaway. The left is just the most retarded for falling for it so hard, but the right has fallen for it too, just not quite so pathetically. The economic Ponzi scheme's final collapse was in September 2019; everything since then has been nothing but attempts to distract us from that and kicking that can just a few more times. It's done. stick a fork in it. You don't spend like drunken sailors for 4-5 decades (governments, corporations, and individuals), with the Fed rigging things as best they can to hide the real problem of the Western world exporting their own jobs to people that make essentially zero in other nations. Which makes Western buyers feel good because things are a few cents cheaper.And giving astounding school loans for degrees that are worthless, which gives rise to the large uselessness of "staying connected," which has stolen mindshare as to real creativity and real work and allowing the erosion of public education to the point many openly disdain real education - without having to pay for it. But at some point, there is a price for these decades of laziness and misguided action. So with nothing big in people's lives, never feeling a part of something useful and worthy, the least creative and least capable are only able to follow the "it's someone else fault" meme and riot. The final genuflect to the "can't do" attitude. The future is here. Bill is past due and the world's insolvent. Fed is flooding the world with liquidity to mitigate systemic failure. Debt payments of all sorts are being temporarily suspended to prevent the underlying debt from being declared no good and becoming a liability. We have already passed the point where the problem of servicing the national debt can be solved without violating the principles of a free economy. That is to say, for example, through a non-debilitating level of taxation rather than a confiscatory capital levee. Our economy will be forced into an increasingly totalitarian mold, and the freedoms which we are presumably arming to defend will be lost. Financial repression and inflation will lead to the same result. However, this will sustain asset prices. Yet the key element of inflation people forget is that your cost of living goes up faster than your assets go up. It is very hard to believe today that food, rent, Insurance could one day go up faster than your income. Well, that's Inflation. Both income and prices go up a lot! But you'll always be behind. The FED and other centralized banks killed the free market. Yes, and there is nothing you can do about it. They didn't care about rules, hell. They didn't care about you and me. They won't let the economy regulate itself. The times of a free market are gone since 2008, but no one talks about that. The media doesn't cover it in the slightest bit. The only thing that will happen is like it happened before. In 2 or 3 years from now, another Hollywood blockbuster, like the big short, will try to explain to the greater public what just happened to the world and how stupid regular people are. 2008 We entered a dictatorship, it's dictated that the markets know only one direction, it is UP! We lost a right, and that revoke strikes twice since you and I and everyone with a rational mind know the market should correct in a big matter, and that includes us to make money with the tools we have. 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?


“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