Friday, July 1, 2022

We Are about to Hit The Motherlode of Mass Layoffs https://youtu.be/TFE4WamX2go

We Are about to Hit The Motherlode of Mass Layoffs https://youtu.be/TFE4WamX2go

QE for People, not Financial Markets -- You need to be Fed Up with The Fed !! The Federal Reserve System has taken the most extraordinary actions in its 102-year history since the 2007 - 2009 Great Recession, maintaining a key interest rate near zero-percent for seven years while creating $3.6 trillion in bank reserves. This initiative, dubbed Quantitative Easing or QE, has become the most important Fed policy of our generation. Quantitative Easing is largely responsible for the dramatic increase in stock prices since the Great Recession. The US and other nations have become addicted to QE as they attempt to avoid another drastic fall inequities. Welcome to The Atlantis Report. This idea, known as QE for People, is gaining support among economists. QE for People would do much more to sustainably boost the productive economy, reduce inequality instead of increasing it, and provide us with the investment we need. People's Quantitative Easing is a policy that was first proposed by the socialist Jeremy Corbyn. The idea is that the Bank of England should create money to fund government investment. The idea has been highly criticized, and some called it "economically illiterate". The idea has been used on Bernie Sanders's website and endorsed by Yanis Varoufakis. In the UK, the Labour Party has proposed a “People’s QE,” whereby the central bank would print money to finance direct fiscal transfers to households – rather than to bankers and investors.' There's a world of difference between, on the one hand, 'printing' money and giving it to households, and, on the other hand, using it to finance investment, especially in public infrastructure. With the latter, if there is a crash, at least we emerge from it with a more solid basis for sustainable recovery and growth. We might do a little damage, but at least we have something to show for it - unlike the current, failed, vogue for Quantitative Easing. The case for a National Investment Bank is unanswerable. In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, and poured it into financial markets. Central banks have become the go-to institution of modern economies. They injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. ‘Quantitative Easing’ (QE) was supposed to prevent deflation and restore economic growth. But the money didn’t go to ordinary people: it went to the rich, who didn’t need it. It went to big corporations and banks – the same banks whose reckless lending caused the crash. This led to a decade of stagnation, not recovery. Irresponsible bank lending caused the crisis of 2008, and increased inequality dramatically. Bernanke's Quantitative Easing rewarded banks, and increased inequality further. In spite of such historically rapid and massive Fed intervention, the economy was still sinking toward — if not more in-depth into — recession. Since September The Fed had responded with a quarter of a trillion dollars to save the economy from what it claimed was a mere blip. Since then, the recession-causing Repocalypse has roared around the world, forcing the Fed to amplify its response again. The Fed’s planners just cannot outrun the little monster they created. It is growing as quickly as they increase their running speed. The repo crisis has multiplied like a virus through the financial system. Bear in mind that the Fed is continuing to add $60 billion more new money on top of that each month all the way to April and that several times since September they’ve already had to increase what they said they would do, so may have to increase it more still. By the time we are done, based on the Fed’s schedule for its new QE, the Repo crash will have turned out to be so massive that the Fed will have flooded the economy with, at least, HALF A TRILLION dollars just to prevent the crisis from happening again and causing major banking/credit problems . These new repos are only supposed to aggregate to an additional $55 billion, but there we go again with the Fed having to add more and more ammo to combat something it continues to say it has under control. It is again stretching the term length of repos to new terms because shorter-term repos to banks are endlessly rolling over but not doing the job. The little monster is growing as quickly as the Fed increases its responses. This is extraordinary in the truest sense of the word. We’ve never seen anything like it in the repo market. News of the Fed’s constant failure to fully appreciate and address the scale of the funding shortage that began in September keeps pouring in so fast that I am scrambling just to keep up with the news of the Fed’s new steps as I research and make videos about what it has already done! QE has failed. QE failed to address the central problem -too much private debt- making recovery impossible. This was a massive bust of an extended credit cycle, not a business cycle. More debt will not help. Virtually nothing has yet been done to fix the problems revealed by the Great Recession of 2007-2008, caused in part by failures at the central bank level. That failure to act essentially guarantees we will eventually see the same problems return, possibly even worse for not having dealt with them properly a decade ago. The government should have given the money to individuals to spend the economy to health, rather than giving it to corporations who used most of the funds distributed to complete "stock buybacks". In this video we make the case for a ‘people’s QE’, in which the money goes directly to ordinary people and small businesses. This is the fairest and most effective way of restoring crisis-hit economies and helping to solve the long-term challenges of ageing populations, automation and climate change. People's Quantitative Easing (PQE) is a policy proposed by Jeremy Corbyn during the 2015 Labour leadership election, which would require the Bank of England to create money to finance government investment via a National Investment Bank. Corbyn proposes to have the Bank of England create money to invest in housing and public transport, described by Corbyn as "People's Quantitative Easing". This would aim to turn the UK into a high-skill, high-tech economy and to build more council houses in order to lower long-term housing benefit costs. To achieve this, the Bank would purchase bonds for a state-owned "National Investment Bank". The policy is based on ideas put forward by the political economist Richard Murphy. Murphy argues it is a policy designed for use in 2020, in the event the economy remains flat despite traditional quantitative easing, with low inflation, low interest rates, high unemployment and low wages. If the economy is growing actively, People's Quantitative Easing would not be needed as increasing tax revenues would pay for necessary investment. Difference with helicopter money. Economics professor Simon Wren-Lewis explains that the difference between People's QE and Milton Friedman's helicopter money (which some people also call "QE for the people") is that instead of central banks distributing newly created money directly to individuals, creating consumer demand without involving government, People's Quantitative Easing finances investment projects that are initiated by government. Therefore, according to Wren-Lewis, the government could be inclined to pressure the Bank of England to QE, thus impinging on central bank independence. Every round of QE must increase in size in order to sustain the debts created in the previous round. The US repo funding problem was partially due to the huge US deficit. It was becoming very difficult to fund it and also roll over the other debts. The next recession will result in $2 Trillion deficits in the US and what do you suppose that is going to do to investor, individual and business confidence. The junk hitting the fan is much closer than most people realize. Changing the way Central Banks apprehend monetary policy, and the toolkit they use is increasingly important. Vital, in fact. And Central Banks being very conservative institutions, are naturally reluctant to embrace radical change. Yet it must be done, and the sooner, the better. Central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. The Central Banks are a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devo­tion to their theoretical models. In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight. What really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented ex­periment: lowering interest rates to zero and flooding America with easy money. As feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low-interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? Let's propose Modern Monetary Theory, helicopter money, anything, except fiscal policy. Fiscal policy remains anathema despite the evidence that fiscal policy does not crowd out private investment or increases inflation or interest rates. It should be reconsidered as a bona fide option in the policy arsenal. Central banking around the world has become a growth industry, populated with PhD economists and a few former investment bankers. These unelected men -- and a few women, most notably Yellen -- control the world's economic system. They are arguably more powerful than the world's political leaders chosen by voters. And what's outrageous is that the Fed continues to rely on models created by hundreds of elitist PhD economists even though those models are wrong more often than they are correct. They've done great economic harm to the taxpayers of this country. Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back. You need to be Fed Up with The Fed.

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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