How Bankrupt is Pakistan Economy ?

On August 14, 1947, when Pakistan entered into existence after the partition of India, it had the potential to evolve as a state commanding its rightful place in the comity of nations. However after 71 years, under the tender care of the Pakistani Army, it seems that Pakistan has lost its way. A 'failed state', a 'rogue state', a 'sanctum sanctorum of global terror', a 'corrupt and beggar state' and many other appellations have attached themselves to Pakistan over the years. Muhammad Ali Jinnah the founder of Pakistan would doubtless have wished that Pakistan be recognized throughout the world but certainly not this way. Welcome to The Atlantis Report . A Brief History of the Pakistani Economy . The first four decades of the nation's existence, (the 1950s until the decade of the 1990s) were promising decades in Pakistan's economic history. Pakistan’s economy grew at an impressive rate of 6% per year, per capita incomes doubled, inflation remained low and poverty declined from 46% down to 18% (by late 1980s). In the 1990s, however, economic growth plummeted to between 3% and 4%, poverty rose to 33%, inflation grew in double digits and the foreign debt rose to nearly the entire GDP of Pakistan precipitating an era of economic and monetary crisis. And now Pakistan cannot stop this perilous economic nose-dive. Pakistan's economy is caught in a downward spiral . To put it simply, Imran Khan’s ‘Naya Pakistan’ has suffered a serious jolt as the GDP growth rate remained abysmally low at 3.3% for 2018-19 which is just a little over half of the targeted GDP growth rate of 6.2%, reports DAWN. The Imran Khan led government had spoken of 3.8% growth in agriculture, 7.6% in industry and 6.5% in services, thus targeting an overall growth of 6.2% in its GDP. All of these targets have fallen flat even as the country sinks ever deeper into the financial quicksands. If we look at the state with a microscopic lens we realize that Pakistan demonstrates all the symptoms of a fast failing state! Pakistan is in the grip of a severe debt trap. It has been taking loans to pay loans and then more loans to repay those loans.. Pakistan has been mortgaging airports, radio stations, railways to raise loans. There is not much of fuel in stock, pushing its power shortages to their worst levels.. The Pakistani rupee has suffered a sharp devaluation against the US dollar. Last year, Pakistan was added to the Global Financial Action Task Force’s (FATF) “grey” list of countries to watch for terror financing. The country has had to seek yet another IMF bailout for the 22nd time to stabilize the foundering economy. The country already owes $5.8 billion to the IMF from past bailouts, and has been able, so far to effect timely repayment just once. According to the latest figures released by the government, Pakistan's growth rate is set to hit an eight-year low, with all major indicators down. Its economy has also been significantly damaged after the tensions with India that have been aggravated by the Pakistani dalliance With A’s week as support, shelter, finances and training provided to terrorists. Between terrorism and bankruptcy, what did Pakistan chose? "There is little change in Pakistan's attitude towards militancy, particularly the one directed against Afghanistan and India", says ex-envoy to the US, Husain Haqqani. The Pakistan Army is the mother of all terrorist groups operating from the soil. A lion's share of Pakistan's budget goes to its military, which comes from China and the Arab nations. The Pakistani state and the army have become so preoccupied with nurturing terrorism and radicalism (to stage proxy campaigns against India, Afghanistan and the world) that these monsters – along with the military itself – now command the resources, the young minds and the social mores of Pakistan. Even if the rulers of Pakistan wished (under international pressure and economic compulsion) to rein in terrorism and fanaticism, they might discover that they have the tiger by the tail. That is why even though Imran Khan had promised to put an end to terror groups operating from the country, for fear of a global financial squeeze put on it by the FATF, the ground reality remains unchanged. Pakistani rulers would rather watch the allow the nation pass into bankruptcy than den scant resources to the military and their terrorists as well as radical outfits. Comparison: West Pakistan’s poor cousin, Bangladesh soon after independence in 1972, was labeled as an international basket case by Henry Kissinger, but now its exports are about US$36 billion compared to Pakistan’s US$21 billion. Similarly, the former East Pakistan’s annual GDP growth is over 7 percent as compared to Pakistan’s highest in 2018 in the past thirteen years at 5.8 percent. Pakistan is lurching from one economic crisis to another and, as always, the military-political-radical cabal finds itself reaping the whirlwind after having sown the wind. Why IMF refuse to bailout Pakistan? = Simple reason is that most of that money will be paid to china since they owe huge debt to Pakistan and imf is backed by USA, so they will never allow funneling their money back to China. A Chinese bailout will make entire west take a step back. The terrorism issue is secondary for west. Pakistan has a population of around 205 million, and although it’s GDP had risen by up to 5 percent, it has a fairly average per capita measure. In fact, up until 2014 Pakistan had registered astonishingly high economic growth. What led to the eventual downfall was failure in the SMSE setup and even the overspending. Pakistan has consistently among the highest per-GDP expenditure in military in the world, and with a strategic position near Afghanistan, they could even reap benefits out of this ultra-military economic stance. However this turned problematic when the United States decided to cut down on the armed forces’ presence. As of now, Pakistan has debts up to the tune of 28,500 Billion Pakistani rupee, and the current government’s tendency to dispose of IMF aid, when offered, seems to paint a grim picture. Even with IMF support, fair estimates show that it will take at least 11 years for Pakistan to reach at least half of the growth rates of economies of neighbors, like India, or Sri Lanka. The Pakistan economy is not “bankrupt” - that is a common misnomer. But it is in terrible shape, and the government needs to accept this and realize that a revival at some point is better than no revival at all.







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Why So Many Airlines are Going Bankrupt

As macroeconomic headwinds develop in the global economy, something odd, but not really surprising, is occurring: the bankruptcy rate for airliners across the world is exploding, at a pace never seen before, reported Reuters, citing a new report from the International Bureau of Aviation (IBA). Airline bankruptcies generally start to gain pace right before an economic downturn, and during a recession, which means the latest surge in bankruptcies, from companies like India's Jet Airways, British travel group Thomas Cook and Avianca of Brazil, suggests 2020 could be a disastrous year for the global economy.






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Where do Banks Store their Money ? -- Economic Collapse -- Stock Market Crash . 4K

Banks do not store your money; in fact banks do not even have your money. They quickly lend it out to someone who can use it, since you apparently don’t need it right now. Welcome to The Atlantis Report . Banks are required to keep 10% of their deposits, just in case a lot of people need their cash at the same time. A small amount of this is physically stored at the bank, and in the ATM machines. The rest is stored at the Federal Reserve Bank, where they can have it trucked over if they need it. For that matter, the Federal Reserve Bank probably doesn’t actually have the physical dollar bills sitting there, but they have records of how much they should have, and they can print them up when needed. The rest of the bank’s money is “stored” in the form of promises from borrowers. That includes the mortgages and car loans from ordinary people, as well as “commercial paper” which are business lines of credit. Records of these promises can be stored electronically, or sometimes in big buildings of file cabinets. Most money is virtual. The Federal Reserve has a warehouse on the East Cost where they keep hay bale sized bundles of cash on Shelves in reserve for banks and people that need physical cash. As the Fed/Government is the one that makes the money, while it has the physical notes, it is as if the money doesn’t exist. Banks keep enough cash in their vaults to meet their day to day cash needs. The rest of their money is deposited with the central bank (Fed) and exists as a bookkeeping entry at the Fed. Note that the money the banks have is just a fraction of what the banks owe their depositors. almost all money is now held only in computers. How it works? Like any sort of fiat currency, it's based on faith. As soon as people stop believing in it, it stops working. Banks will have accounts where they are required to have a set level of money in reserve (in case of disturbing lack of faith), but otherwise, they like to have money in other peoples accounts having lent them the money at interest. Money is a promise, a contract. 90% of it is not cash. Just a ledger entry.








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Can India become The new China?

India has a number of embedded structural deficiencies, including a massively underdeveloped industrial basis, high growth rates leading to high NPA’s, an acute lack of the types of capital required for high growth rates and an assortment of governmental issues means that its unlikely that India will be able to pull it off. India will have to find a way to compete w/ Vietnam and Indonesia or the Philippines, which is a heck of a lot easier said than done. In fact, both those countries are outperforming India relative to their populations by quite a large margin. So India is not showing much promise to become the next China . Welcome to The Atlantis Report . I just realized that in the next few years or so, India will become the most populous country on Earth, and this will go down in History as the first time In the last 4,000 years that any country has a bigger population than China. The world’s attention will gradually shift to India after China’s Belt and Road Initiative run its full course for the next 50–100 years. So can India take over the baton if it wants to become the next global engine of growth after China. As a reference, the United States took around 70 years(after American civil war) to overtake Britain in GDP and became the key driver of global economic growth , while China took around 70 years(after Chinese civil war) as well to overtake the US in GDP (PPP) and became key driver of global economic growth. The United States did not become the world’s top economy by chance, but by working closely with many countries including Britain and Europe despite many disagreements and geopolitical issues with them. China also worked its way to the world’s top economy(PPP) by cooperating with the United States, Japan and ASEAN in the finance, commercial and economical areas despite many geopolitical issues Between them. India can grow and realistically may be able to sustain the 7–8% even for 1 or 2 decades assuming the governments do their job. But China had a core strength that India does not. China had the will and ability to enforce (be it land reforms, be it crack down on corruption which some feel has been take too far). More importantly they had single Party whose only agenda was to bring the country back to its Middle Kingdom days of glory. So everything in China is top down whether you like it or not and whether it is good or bad. So China could effectively lift almost 700 million of its citizens out of poverty to greater standards of living when India did around 200–225 million may be. India on the other hand has a democratic set which is bottom up. To make a reform and match up to what China was for the last 30 years means taking power away from the individual states and having central government enforce it. This would be undemocratic and cannot be done. So even if India's PM has a vision and wants to take India to its glory, he has the hurdle of states, not having majority in upper house to pass bills, a vast majority of political parties and open media consensus and criticism to handle among others. For these reasons and many more India will always be second to China. But will take on if China drops the ball. Realistically everyone talks about China growth rate slowing etc and India being the next China but even with slowing growth rate they probably would still do around 5–6% realistically. India on the other hand is realistically very diverse politically, regionally. Unless all elements in India Come together with common objective of making India great or being the next global manufacturing hub, this won't work. China of course has its own problems too. It is expected in the next year or so, 5 million people will be losing jobs in sunset industries and China also has aging population. So if one Chinese worker had to support a family of 4 + 2 elderly grandparents as sole wage earner and loses his job, it will lead to a disaster. Imagine compounding this million times. Now India has a great advantage here with young population. But the demographic of the population becomes useless if the economy is unable to create jobs for the young population. And that is contingent on India's ability to enforce the political, social and industrial reforms and doing so swiftly. Now whether China's autocratic set up is good for people or not is a different discussion all together. Let us not pat ourselves on the back on democracy as China has showed to the world how they do not have to be a democracy to be a super power. Democracy has its pros and cons and China's system clearly has its pros and cons. What matters is whether the people benefit from the system as democracy or autocracy is for the people. China though not 100% democratic, has shown the world what it can do with swift policy making and lift millions of the middle class out of poverty. in conclusion : While India will likely achieve decent growth rates in the short-mid term, it will not be able to sustain the growth rates required for a growth-miracle, largely due to waning export led industrialization, embedded structural deficiencies and the coming advent of automation. India will not become next China.







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Did China Cheated its way to Prosperity ?

China has come a long way since the establishment of the Peoples Republic of China (PRC) in 1949. From a poor agrarian society, it has now emerged as an industrial powerhouse, contributing nearly 30 percent of the world's economic growth. It has even overtaken Japan as the world’s second largest economy and lifted 800 million people out of poverty within just a single generation. But 70 years on, the Communist Party of China under the leadership of its strongman President Xi Jinping is facing the greatest test of its leadership. The continuing social unrest in Hong Kong, a slowing economy and the escalating trade war with the United States are threatening its undermine his China dream. Can the tremendous progress that China has achieved so far simply falter from now on? Or will China continue to prevail as a force to be reckoned with in spite of all these challenges 70 years after its birth? And did China largely cheated its way to prosperity ? Welcome to The Atlantis Report . China has a specific strategy to become the world’s most powerful economy and lone superpower. They openly proclaim it. Not only that, but the methods by which they are striving to achieve this goal are not particularly clandestine. The FBI considers China to be the top intelligence threat to the United States. FBI Director Christopher Wray recently testified to the Senate Intelligence Committee that he considered the Chinese threat “more deep, more diverse, more vexing, more challenging, more comprehensive and more concerning than any (other) I can think of.” The reason he made such a stark statement is the immense complexity of the asymmetrical Chinese intelligence strategy. China is taking active steps to not just steal our intellectual property, but also position itself to cripple our critical infrastructure and financial system if needed. Former National Security Agency director Mike Rogers has testified that China and one or two other countries likely have the ability to shut down significant portions of our power grid on command. And think of our financial system’s vulnerability to cyber intrusions — not to steal money but to corrupt, manipulate, or even eliminate data and throw a trust-based system into chaos. The FBI sees China executing its plans in a number of ways, but would point to three main vectors. First is the remote assault on our intellectual property via cyber intrusions as outlined above. Second is their full leverage of our generous access to U.S. academia via hundreds of thousands of student visas and even preferential admittance to universities over U.S. students. Third is their exploitation of our capitalist system itself as they insinuate Chinese companies into our supply chain, engage in joint ventures, and sell Chinese products such as Lenovo and Huawei to our companies and government agencies as platforms for gathering sensitive data. Now, China has announced a goal of global dominance in artificial intelligence by 2030 with a primary application in weaponry. They are currently outspending the U.S. in this area. Easy to do with a massive trade imbalance enabled by theft and forced technology transfer. To add insult to injury, they became a loan-shark nation furnishing funds to an insatiable U.S. Congress that makes the prodigal son look like Ebenezer Scrooge. In other words, we’ve gone into debt to a nation that has lent us money it essentially stole from us. Sounds pretty bad, you say. Oh, we’re just getting started. Many in the political class here in the U.S. prefer a policy of averted eyes when it comes to China, including many running for president, favoring instead a focus on climate change. But with belching, coal-fired China in the room, any steps we take to clean up our own carbon footprint will be like taking a bath in a smoking chimney. Our leaders would have us tax and inconvenience ourselves to the extreme to solve a problem that China is making worse. Also worsening is an opioid epidemic killing tens of thousands each year in the U.S., fueled by fentanyl smuggled into the country from — you guessed it — China. In 2017, China was so bold as to pass a law requiring its citizens to collect intelligence as they engage in business and academics worldwide and cooperate with Chinese intelligence agencies. Can you imagine U.S. citizens being required to report their business dealings to the FBI or CIA? This threat — and it is a threat — is difficult to counter. The first line of defense is to shine a light on its reality and understand with whom we are dealing. The shame of it all is that the Chinese people are brilliant and entirely capable of developing economic prosperity in an honest and trustworthy way and being a major contributor to a peaceful world. It is a cultural thing. Chinese civilization has written records from about 3500 years ago. The US is always focused on the next quarter, the Chinese are looking to the next century. They are not subject to our election or business cycles. They have learned how to profit and exploit western style capitalism to great effect. They have preyed upon our CEOs and their race to the next quarter to raise stock prices. They are like oil companies, they play the long game. Once the US starts to recognize this mindset, then perhaps we can play the long game too. These are just some observations, I am not rooting for the Chinese, but when you play a game of Go you have to appreciate when you have been outwitted by your opponent. Learn from it. The US wants to flip the game board and yell 'unfair' while it is our own corporation's doing for the never ending pursuit of increased profit growth from finite resources. It isn't rocket science . Trump is Fighting China in a stupid way that involves taxing his own people . Yes, Trump Tariffs Are Costing Billions. But China Isn't the one Paying . After factoring in the retaliation by other countries, it concluded the main victims of Trump’s trade wars had been farmers and blue-collar workers in areas that supported Trump in the 2016 election." -Bloomberg 3/4/19 "A separate paper published in March by economists Pinelopi Goldberg, the World Bank’s chief economist, Pablo Fajgelbaum of UCLA, Patrick Kennedy of the University of California, Berkeley, and Amit Khandelwal of Columbia Business School also found that consumers and U.S. companies were paying most of the costs of Trump’s tariffs. And if only we had a captain at helm that was more concerned with steering the ship than he is with tweeting insults at his critics, we might do something about it. Instead we are embroiled in trade wars with China and OUR ALLIES. We mock the leaders of liberal democracies while praising thugs and autocrats. We demand investigations into our domestic opponents or else.








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China: Rise of an Asian giant | Insight

China has come a long way since the establishment of the Peoples Republic of China (PRC) in 1949. From a poor agrarian society, it has now emerged as an industrial powerhouse, contributing nearly 30 percent of the world's economic growth. It has even overtaken Japan as the world’s second largest economy and lifted 800 million people out of poverty within just a single generation. But 70 years on, the Communist Party of China under the leadership of its strongman President Xi Jinping is facing the greatest test of its leadership. The continuing social unrest in Hong Kong, a slowing economy and the escalating trade war with the United States are threatening its undermine his China dream. Can the tremendous progress that China has achieved so far simply falter from now on? Or will China continue to prevail as a force to be reckoned with in spite of all these challenges 70 years after its birth?
















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How to Make Money Short Selling?

Short selling is betting that a stock will drop in price. Short selling is risky. Going long on stock means that the investor can only lose their initial investment. If an investor shorts a stock, there is technically no limit to the amount that they could lose because the stock can continue to go up in value. When an investor or speculator engages in a practice known as short selling, also called shorting a stock, they borrow shares of a company from an existing owner through their brokerage, sells those borrowed shares at the current market price, and pockets the cash. Welcome to The Atlantis Report . Short selling is nearly always undertaken only in public securities, futures or currency markets that are fungible and liquid, and which disseminate their market prices live, worldwide. In practical terms, "going short" can be considered the opposite of the conventional practice of "going long", whereby an investor profits from an increase in the price of the asset. Mathematically, the return from a short position is equivalent to that of owning (being "long") a negative amount of the instrument. (Nevertheless, one main discrepancy in the short against a long position is that the short position must exclude the dividends paid, if any.) A short sale may have a variety of objectives. Speculators may sell short hoping to realize a profit on an instrument that appears overvalued, just as long investors or speculators hope to profit from a rise in the price of an instrument that appears undervalued. Traders or fund managers may hedge a long position or a portfolio through one or more short positions. In contrast to a traditional merchant who sets out to "buy low, sell high", a short-seller sets out to "sell high, buy low", or even to "buy high, sell low" when this buy is in fact "on tick" (on agreement to pay later). Research indicates that banning short selling is ineffective and has negative effects on markets.Nevertheless short selling is subject to criticism and periodically faces hostility from society and policymakers. The hope behind shorting a stock is that the stock price will decline or that the company will go bankrupt, leading to total ruin for the equity holders. The short seller can then buy the stock back at a much lower price, replace the borrowed shares, and pocket the difference, adjusted for any dividend replacement payments that were required along the way. As a condition of a short sale transaction, the short seller promises to replace the borrowed stock at some point in the future, while making dividend replacement payments out of their own pocket to cover the dividend income that is no longer available on the original shares. Unfortunately for the investor who had their shares of stock borrowed through their brokerage firm, those replacement dividend payments aren't treated as qualified dividends, which are entitled to tax rates that are nearly half of the ordinary tax rates. One way to make money on stocks for which the price is falling is called short selling (or going short). Short selling is a fairly simple concept: an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers are betting that the stock they sell will drop in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. For example, if an investor thinks that Tesla (TSLA) stock is overvalued at $315 per share, and is going to drop in price, the investor may borrow 10 shares of TSLA from their broker and sells it for the current market price of $315. If the stock goes down to $300, the investor could buy the 10 shares back at this price, return the shares to her broker, and net a profit of $315 (selling price) minus $300 (buying price) = $15 per share. However, if the TSLA price rises to $355, the investor could net $315 minus $355 = minus $40 loss per share. Short selling comes involves amplified risk. When an investor buys a stock (or goes long), they stand to lose only the money that they have invested. Thus, if the investor bought one TSLA share at $315, the maximum they could lose is $315 because the stock cannot drop to less than $0. In other words, the minimum value that any stock can fall to is $0. However, when an investor short sells, they can theoretically lose an infinite amount of money because a stock's price can keep rising forever. As in the example above, if an investor had a short position in TSLA (or short sold it), and the price rose to $355 before the investor exited, the investor would lose $40 per share. Short selling can be used for speculation or hedging. Speculators use short selling to capitalize on a potential decline in a specific security or the broad market. Hedgers use the strategy to protect gains or mitigate losses in a security or portfolio. Note that institutional investors and savvy individuals frequently engage in short-selling strategies simultaneously for both speculation and hedging. Hedge funds are among the most active short-sellers and often use short positions in select stocks or sectors to hedge their long positions in other stocks. While short selling does present investors with an opportunity to make profits in a declining or neutral market, it should only be attempted by sophisticated investors and advanced traders due to its risk of infinite losses. Short selling is not a strategy used by many investors largely because the expectation is that stocks will rise in value. The stock market, in the long run, tends to go up although it certainly has its periods where stocks go down. Particularly for investors who are looking at the long horizon, buying stocks is less risky than short-selling the market. Short selling does make sense, however, if an investor is sure that a stock is likely to drop in the short term. For example, if a company is experiencing difficulties.







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2nd whistleblower joins case against Trump

A second anonymous whistleblower has joined the complaint against the Trump administration that led to the unfolding impeachment inquiry. Meanwhile, President Trump is keeping the pressure on congressional Democrats and calling for the impeachment of House Intelligence Committee chair Rep. Adam Schiff (D-California) and Speaker Nancy Pelosi (D-California). RT America’s Sara Montes de Oca reports. Then former Florida Democratic Party chair Mitch Ceasar and Ned Ryun of American Majority join Scottie Nell Hughes to weigh in.








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Warning : Trump now Threatens to Totally Destroy Turkey's Economy !!

In a major policy shift that abandons nearly a decade of American policy in Syria, the White House announced late Sunday night that US forces in northern Syria would step aside to allow a planned Turkish offensive. The decision follows late-night haggling between President Trump and President Erdogan, who had threatened a "land and air" offensive "as soon as today or tomorrow." In a last-minute phone call yesterday, Erdogan and Trump agreed to meet in Washington next month to discuss Turkey's uneasiness with Washington and its ability to do what is required according to an agreement between the two countries about security in northeastern Syria. Welcome to The Atlantis Report . Instead, a few hours later, the Trump administration released the following statement shortly before midnight. The administration reportedly refused to clarify whether the remaining US troops left in Syria would be withdrawn. Washington said it would also turn over all captured ISIS fighters to Turkey after their home countries refused to take them back. "Today, President Donald J. Trump spoke with President Recep Tayyip Erdogan of Turkey by telephone. Turkey will soon be moving forward with its long-planned operation into Northern Syria. The United States Armed Forces will not support or be involved in the operation, and United States forces, having defeated the ISIS territorial "Caliphate," will no longer be in the immediate area. "The United States Government has pressed France, Germany, and other European nations, from which many captured ISIS fighters came, to take them back, but they did not want them and refused. The United States will not hold them for what could be many years and great cost to the United States taxpayer. Turkey will now be responsible for all ISIS fighters in the area captured over the past two years in the wake of the defeat of the territorial "Caliphate" by the United States." later on and in another salvo of tweets sent about 20 minutes after the last round, Trump insists that "I will totally destroy and obliterate the Economy of Turkey (I've done before!)" if Erdogan does anything "off limits" - presumably implying that there will be some punishment if Erdogan attacks the Kurds. quote from Trump's Tweet , As I have stated strongly before, and just to reiterate, if Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!). They must, with Europe and others, watch over the captured ISIS fighters and families. The U.S. has done far more than anyone could have ever expected, including the capture of 100% of the ISIS Caliphate. It is time now for others in the region, some of great wealth, to protect their own territory. THE USA IS GREAT! , end of quote . That is not excusable. I am a conservative libertarian and that statement stopped me cold because it's not OK to say anything like that as a Head of State. That's the kind of statement you might expect from a dictator. That statement/tweet was damaging. If you are driving those who would vote for you away that is not a winning formula. Someone needs to take Trump's smartphone away from him and tell him to shut the hell up. That was one of the dumbest political statements I have ever seen. "In my great and unmatched wisdom", sorry America, but anybody who speaks of himself in this manner and means it, is insane. As an american I really neither dislike the man nor like him, but this writing says so much actually. To think that the man has enormous geopolitical influence in the world, is worrisome. We know Trump is just blowing fart gas right now, because he is in a humiliating position of having to leave Syria. But, he really has no other choice. If he tries to do anything to Turkey, the Russians will step in, and they have already made it known to the U.S. what the consequences will be.. Other than Israel, the U.S. has no allies in this region of the world, not even Saudi Arabia or Great Britain. No one wants the U.S. around, and you can't hardly blame them for all the problems that the U.S. made in the Middle East. President Trump inherited wars from President Obama, who inherited wars from President Bush, who yada yada. And Trump is just as big a puppet as all the rest of them . The saying is, and until recently the Military Industrial Complex was satisfied with, "Wars come and wars go." Pain is supposed to hurt - and wars are not supposed to go on forever. Nowhere in the U.S. Constitution does it say, Fight Endless Wars. Sorry Kurds or whomever, good luck. And don't forget to write! End The Endless Wars !!!!










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Global Neo-Serfdom , Debt Deflation, Debt Peonage, and Neofeudalism

The perfect dictatorship would have the appearance of democracy, a prison without walls in which the prisoners would not dream of escape. A system of slavery where, through consumption and entertainment, slaves would love their servitude. Welcome to The Atlantis Report . Everywhere you look, the nation-state seems to be stumbling badly. In developing countries such as Somalia, Iraq, Syria and the Democratic Republic of the Congo, internal order has broken down, as governments have lost touch with political realities on the ground. Even in the supposedly well-governed developed world, the nation-state seems to be showing its age, as evidenced by a string of financial crises stretching from Wall Street to the eurozone, as well as by the calamity of the United States’ adventurism in Iraq. Simultaneously, humanity is facing increasingly global challenges for which the concept of the nation-state is ill-equipped to provide solutions even via existing multinational institutions. These challenges are as broad as religious confrontation, global terrorism, nuclear proliferation, global warming, international immigration, pandemics and economic inequality in the West caused by an increasingly global labour market. Cue the ongoing international populist explosion – driven by economic slowdown and certainly fuelled by a sensationalist press – in which voters are rejecting traditional political leaders in favour of outsiders who delight in disrespecting and discrediting established institutions of the nation-state. A self-feeding frenzy between the new political elites, the media and the people has been initiated and is starting to devour the structure of the very nation-state to which a free press was so essential in the past. Contrary to the fevered imaginings of European federalists, however, the nation-state cannot simply be wished away as an annoying anachronism of a bygone age. Rather, the dirty little secret at the heart of our new era is that all the rising powers – be they China, India, South Africa, Indonesia or Brazil – are more sovereigntist, more nationalistic and more wedded to jealously preserving their national prerogatives than is even the United States, long the bane of post-national dreamers. Instead, it is the supposedly modern, post-nationalist European experiment that seems to be in terminal decline. Both intellectual defenders of the nation-state and its critics seem to be largely wrong at present. As of now, we live in a bewildering world, where the nation-state is both not working very well and isn’t about to be replaced. The end product of today’s Western capitalism is a neo-rentier economy—precisely what industrial capitalism and classical economists set out to replace during the Progressive Era from the late 19th to early 20th century. A financial class has usurped the role that landlords used to play—a class living off special privilege. Most economic rent is now paid out as interest. This rake-off interrupts the circular flow between production and consumption, causing economic shrinkage—a dynamic that is the opposite of industrial capitalism’s original impulse. The “miracle of compound interest,” reinforced now by fiat credit creation, is cannibalizing industrial capital as well as the returns to labor. The political thrust of industrial capitalism was toward democratic parliamentary reform to break the stranglehold of landlords on national tax systems. But today’s finance capital is inherently oligarchic. It seeks to capture the government—first and foremost the treasury, central bank, and courts—to enrich (indeed, to bail out) and untax the banking and financial sector and its major clients: real estate and monopolies. This is why financial “technocrats” (proxies and factotums for high finance) were imposed in Greece, and why Germany opposed a public referendum on the European Central Bank’s austerity program. There are two paths this new economy might take. One, more widely covered, is Darwinian. People at all ends of the socio-economic spectrum become Uberised, as both blue- and white-collar jobs are handed out piecemeal to the lowest bidder. Already, eastern European designers and Indian radiologists are undercutting their full-time peers in more developed countries this way. The labour markets start to resemble a feudal marketplace in which the lord shows up each day and says, I'll take you, and you, and you. The labour share of the pie, which has been shrinking across the developed world for the past four decades, continues to decrease. Stagnant growth and polarised politics continue. But there is another possibility. Platform technologies used by companies such as Uber could, with a few crucial tweaks, enable a return to a more be­nign, pre-industrial form of capitalism. The influence of corporate money on Congress is exacerbated by how out of touch congressmen are with the daily struggles of most Americans. The median net worth of congressmen is $913,000 as compared to $100,000 for the rest of the population. Aside from being immediately wealthy, Congressmen also weathered the tribulations of the financial crisis much better than the average American. An analysis of congressional finances by The Washington Post in October 2012 revealed that the wealthiest one-third of Congress was largely shielded from the effects of the Great Recession. While the median household net worth of the average American dropped by 39 percent between 2007 and 2010, the median wealth of congressmen rose 5 percent. It rose 14 percent for the wealthiest one-third. At a time when most people in the country are suffering, congressmen are profiting. This alone should demonstrate how out of touch our elected leaders have become. Members of Congress, entrusted to represent the best interests of the average American, instead play out a stilted, ineffective soap opera on our TV screens, complete with phony discussions of fiscal cliffs and debt ceilings which take the place of real proposals for meaningful change in the country. There is no voice for the working American in the halls of Congress, the American who was promised a life beyond taxes, debt, and unemployment. There is no voice for the peace-loving American, the American who understands that America’s military might is meant for defense of the homeland, not looking for trouble in faraway lands. There is no voice for the American who expects his representatives to abide by the Constitution, who laments the way Congress, the President, and the Supreme Court work together to take away our rights piece by piece.






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Can India overtake the US Economy by 2030 ?!

China and India were the 2 biggest economies before USA existed . India ran trade surpluses with most countries until the British colony came and robbed them of $45 trillion in 200 years of British rule . Welcome to The Atlantis Report . According to the latest report by London-based multinational banking and financial service company Standard Chartered.By 2030, seven of the world’s top 10 economies will be current emerging markets . The long-term projection shows that India is likely to become larger than the US, while neighboring China will reportedly steal the crown of world’s most powerful economy (currently held by the US) as soon as 2020. At the same time, Indonesia may break into the top five economies. India will likely be the main mover, with its trend growth accelerating to 7.8 percent by the 2020s partly due to ongoing reforms, including the introduction of a national goods and services tax (GST) and the Indian Bankruptcy Code (IBC),” says the report, as quoted by Quartz. The GST, one of the largest tax reforms to be implemented by Delhi, was rolled out in 2017. The measure is aimed at simplifying the country’s cumbersome tax regime. The IBC, launched in 2016, consolidates the bankruptcy and insolvency laws in India. The UK firm noted that the aging population is set to have a significant impact on global growth, but India, which is currently ranked as the world’s sixth biggest economy, will remain unfazed, as the country has the world’s largest group of young people. Nearly half of the Indian population is under the age of 25. “The rising aspirations of a young population will continue to support consumerism in India’s economy,” according to the report. Standard Chartered also said that the country would need to create 100 million new jobs in the manufacturing and service sectors by 2030 to cope with demand for massive employment. “India needs to train circa 10 million people annually, but currently has the capacity to train just 4.5 million,” the report reads. India is more than 5000 years old civilization, Just a 1000 years ago India's trade contribution to the world was 30%. But then Moghuls came followed by the British that saw India's wealth and knowledge plundered. When The British left India, India was facing abject poverty. Remarkable how India has come back to become top 3 economies of the world in just 60 years. Ageing populations are likely to weigh on global growth, but India, home to the world’s largest group of young people, will remain unfazed, Standard Charted notes. Half of the country’s population is under the age of 25. The bank expects “the rising aspirations of a young population to continue to support consumerism in India’s economy.” But a young demographic also creates a demand for massive employment. About 100 million new jobs must be created in the manufacturing and service sectors by 2030, according to the report. To achieve this, it says, the government needs to close a widening skills gap, raise the participation of women in the workforce, and ease labour laws. “India needs to train circa 10 million people annually, but currently has the capacity to train just 4.5 million,” the report says. It also calls for reforms to boost spending on infrastructure and reduce growing economic inequality in the country. India like China have more people with Master Degrees then any other country including the US. Plus ,they are an "emerging" market which means there is plenty of room to innovate and improve.While the west has gone as far as it can go . India has chance to become a big economy like USA in this century provide that the State and Central governments come up with right policies and develop the institutions that make it possible to sustain the economic growth in the long run. India has a nominal GDP of $2tn and USA has $17tn. India is growing at 8% p.a. and USA at below 2%. I assume that India will maintain growth differential of 3% (instead of 6% at present). I am going for the most pessimistic scenario. In order to arrive at the number of years it would take India to catch up with, we need to solve the below equation. $2tn (1+0.03)^n = $17.4 tn Solving the above, we would get n = 73 years. So it would take India approximately 73 years to become as big as USA. There are certain preconditions India needs to fulfil to sustain the current growth momentum. Universal Primary Education, Skilling, Universal Healthcare, Reforms in Higher Education, Improving the physical infrastructure, Encouraging Innovation, Minimizing Political bickering, Reforming bureaucracy by bringing in technocrats and experts in policy making, Empowering women and bringing them in to workforce, Minimizing the stranglehold of government on enterprises etc.., are some of them. If we do all these, the aggregate GDP of India at some point in this century may cross that of USA. But it is difficult (or improbable) to attain the per capita income level of developed countries for India. There are reasons for that. The large population is going to put pressure on the natural resources that we hold. As environmental concerns increase, it would be difficult to transfer the natural resources from one country to another as has been happening since the industrialization. A country needs to depend on its own stock of natural reserves to sustain the growth. This is where India may face problems in its quest to achieve a higher standard of living for its citizens. Land, Water, Minerals, Energy sources are going to become scarce in the future which ultimately limit its capacity to attain the higher per capita income as that of developed countries.








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The Fed Preparing for the Worse Economic Collapse since the 1930s & The End of The Dollar

The Money Kings simply want an easier way to lie and steal from EVERY person in the world, instead of doing it through each central bank. Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly suggest that there is a very ugly scenario in the works to end the role of the US dollar as world reserve currency. In the process, this would involve that the Fed deliberately triggers a dramatic economic depression. If this scenario is actually deployed in coming months, Donald Trump will go down in history books as the second Hebert Hoover, and the world economy will be pushed into the worst collapse since the 1930s. Here are some elements worth considering. Welcome to The Atlantis Report . The about-to-retire head of the very special Bank of England, Mark Carney, delivered a remarkable speech at the recent annual meeting of central bankers and finance elites at Jackson Hole Wyoming on August 23. The 23-page address to fellow central bankers and financial insiders is clearly a major signal of where the Powers That Be who run world central banks plan to take the world. Carney addresses obvious flaws with the post 1944 dollar reserve system, noting that, “a destabilising asymmetry at the heart of the IMFS (International Monetary and Financial System) is growing. While the world economy is being reordered, the US dollar remains as important as when Bretton Woods collapsed.” He states bluntly, “In the longer term, we need to change the game…Risks are building, and they are structural.” What he then goes on to outline is a remarkably detailed blueprint for global central bank transformation of the dollar order, a revolutionary shift. Carney discusses the fact that China as the world leading trading nation is the obvious candidate to replace the dollar as leading reserve, however, he notes, “for the Renminbi to become a truly global currency, much more is required. Moreover, history teaches that the transition to a new global reserve currency may not proceed smoothly.” He indicates that means it often needs wars or depressions, as he cites the role of World War I forcing out sterling in favor of the US dollar. What Carney finds more immediate is a new IMF-based monetary system to replace the dominant role of the dollar. Carney declares, “While the rise of the Renminbi may over time provide a second best solution to the current problems with the IMFS, first best would be to build a multipolar system. The main advantage of a multipolar IMFS is diversification. “ He adds, “ When change comes, it shouldn’t be to swap one currency hegemon for another. Any unipolar system is unsuited to a multi-polar world… In other words he says, “Sorry, Beijing, you must wait.” The Bank of England Governor proposes in effect that the IMF, with its multi-currency Special Drawing Rights (SDR), a basket of five currencies—dollar, Pound, Yen, Euro and now Renminbi—should play the central role creating a new monetary system: “The IMF should play a central role in informing both domestic and cross border policies. Pooling resources at the IMF, and thereby distributing the costs across all 189 member countries”. For that to work he proposes raising the IMF SDR funds triple to $3 trillions as the core of a new monetary system. Then Carney proposes that the IMF oversee creation of a new payments infrastructure based on an international “stablecoin.” Referring to the private Libra, he clearly states a “new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of central bank digital currencies.” Note that Carney, a former Goldman Sachs banker, is mentioned as a leading candidate to replace Christine Lagarde as IMF head. Is his speech open admission of what is being planned by the world’s leading central bankers as the next step to a world currency and global economic control? Let’s look further. The Carney speech, when deciphered from its central bank language, gives us for the first time a clear roadmap where the powers that control world central banking would like to take us. The world reserve role of the US dollar must end; it must be replaced by some form of IMF SDRs as basis for a multi-currency reserve. That in turn would ultimately be based on digital money, so-called block chain currencies. Such currencies, make no mistake, would be completely controlled by central bank authorities and the IMF. That would require their often-proposed elimination of all cash in favor of digital money where every cent we spend can be monitored by the state. This cashless society would also set the stage for the next great financial crisis and the confiscation by governments of ordinary citizens’ bank deposits under new “bank bail-in” laws now on the books since 2014 in every major industrial country including the EU and USA. The IMF is fully behind the turn to global blockchain digital currencies and use of SDR to replace the dominant US dollar. In a little-noticed speech in November 14, 2018, IMF chief Lagarde strongly indicated that the IMF was behind central bank digital currencies as well as cashless societies. She noted very carefully, “I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy.” She added, “A new wind is blowing, that of digitalization. What role will remain for cash in this digital world? … demand for cash is decreasing—as shown in recent IMF work. And in ten, twenty, thirty years, who will still be exchanging pieces of paper?” The introduction of this central bankers’ new digital currency world will require, as Carney suggests, dramatic upheavals of the status quo, upheavals that would lead to the end of the dominant role of the US dollar since the 1944 Bretton Woods agreement. As that dollar reserve currency role is a pillar of American power in the world, for that to happen would require nothing short of catastrophe. Is this in fact what the Federal Reserve is quietly planning with its money policies? A remarkable hint of what might be in the works came in an OpEd by the person who until 2018 was the very important President of the New York Federal Reserve Bank, Bill Dudley, who like Mark Carney is a senior Goldman Sachs alumnus. Dudley is no minor actor in the central bankers’ world. Until last year he also was a member of the Bank for International Settlements Board of Directors and chaired the BIS Committee on Payment Settlement Systems and the Committee on the Global Financial System. Dudley, pointing to the Trump trade war policies and economic dangers of same, then issues the following rare undiplomatic declaration: “Trump’s re-election arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.” While it shocked many, Dudley is merely making public what the Fed has done since its creation in 1913 — influence the course of world and US politics stealthily behind the cover of “neutral” monetary policies. Dudley suggests not “Russian interference” but rather Fed interference. The Fed could easily tip the US into crisis. The debt levels of the US economy are at record high levels for private households, Federal government, and US corporate debt. Most US corporations have used growing debt, well over $9 trillion, to make stock buybacks rather than invest in new plant and equipment, fueling an unprecedented bubble in the S&P stocks. The rising stocks are not a sign of economic health but of a dangerous speculative bubble vulnerable to collapse. Were the Fed now to resume rate rises and continue its less-publicized Quantitative Tightening into 2020, a domino-style series of debt defaults, corporate bankruptcies, home mortgage foreclosures, default on car loans and student loans could quickly make a second Trump Presidency in 2020 more than doubtful. However that would be no grounds for the rest of the world opposed to Trump policies to cheer. It would also trigger collapse in major emerging market countries who have borrowed hundreds of billions denominated in US dollars, including Chinese state companies, Turkey, Argentina, Brazil to name a few. EU banks from Italy to Germany to France would fail. If this Dudley scenario comes to pass in 2020 or not, only the key central bank actors know for sure. It is clear that, after almost eleven years since the 2008 global financial meltdown, the unprecedented central bank zero interest rate policies in the EU and until recently the US, have fueled creation of what some call an “everything bubble”, not only in stocks, in corporate and public bonds, in home prices. Is a new Fed intervention to raise rates and tighten credit the event– the deliberate central bank rupturing of this inflated bubble using the excuse of the Trump danger to the world economy– that Carney has in mind when he says, “transition to a new global reserve currency may not proceed smoothly,”! Let us hope not. The coming months will tell. If the head of a central bank is talking about the US loosing it's reserve status, you can bet they already have a plan to replace it but they are not going to let you know what it is until they have positioned themselves to be in control. With the recent change to Basel III banking regulations to allow gold to now be a Tier One asset. It would seem logical that gold is going to be part of this new financial system. This Was The Atlantis Report . Please Like . Share. And Subscribe . Thank You ....







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Why We Now Stand At The Precipice Of Economic Collapse And How To Profit From It

Topics include: the origins of central banking, the end of the gold backed dollar, interest rates can never be raised, QE 4, overnight lending, capital injections are bail outs, hyperinflation, bank illiquidity, Austrian business cycles, negative interest rates, the stock market, inverted yield curve, treasury bonds, the economic collapse, the silver market, crypto and Anarchapulco 2020






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US Manufacturing Weakest In 10 Years As New Export Orders Collapse

"US Manufacturing Weakest In 10 Years As New Export Orders Collapse" Gee what a surprise! Who would have ever expected that to happen after the implementation of the tariffs and China's response! How could it be any other way? I guess no one in DC ever saw that coming.... or maybe they did and wanted it to happen for some nefarious reason ,but that might be a stretch! Welcome to The Atlantis Report . US manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market concerns of a sharp slowdown in US economic growth in the third quarter. The survey from the Institute for Supply Management (ISM) on Tuesday came on the heels of data last week showing a moderation in consumer spending in August. The US economy’s fading fortunes have been blamed on the White House’s 15-month trade war with China, which has sapped business confidence and undermined manufacturing. This is serious .There is no end in sight to this slowdown, the recession risk is real. The Federal Reserve cut interest rates again last month after lowering borrowing costs in July for the first time since 2008 to keep the longest economic expansion in history on track. Fed Chair Jerome Powell said trade policy tensions, which “have waxed and waned, and elevated uncertainty is weighing on US investment and exports.” Powell said US central bank contacts had told policymakers that trade policy uncertainty “has discouraged them from investing in their businesses.” The ISM said its index of national factory activity dropped 1.3 points to a reading of 47.8 last month, the lowest level since June 2009, when the recession was ending. A reading below 50 indicates contraction in the manufacturing sector, which accounts for about 11% of the US economy. September’s reading marked the second straight month that the index broke below the 50 threshold. The index has now declined for a sixth consecutive month and is in stark contrast with a rebound in the so-called hard data like industrial production, which showed output at factories rising in August. Still, the ISM index needs to drop below the 42.9 level to signal a recession in the broader economy. EXPORT ORDERS PLUNGE . The ISM’s forward-looking new orders sub-index edged up to a reading of 47.3 last month from 47.2, which was the lowest level since June 2012. A measure of export orders plunged 2.3 points to a reading of 41.0 in September, the weakest since March 2009. The survey’s factory employment index dropped to 46.3 last month, the lowest in more than 3-1/2 years, from 47.4 in August. This raises the risk that factory payrolls contracted in September after increasing by a paltry 3,000 jobs in August. The ISM said only three industries – miscellaneous manufacturing, food, beverage and tobacco products, and chemical products reported growth last month. That was the fewest since 2013 and down from nine in August. Transportation equipment, machinery, and electrical equipment, appliances and components were among the 15 industries reporting a contraction. The US-China trade war also coincides with a fading boost from last year’s $1.5 trillion tax cut package. The ISM said comments from manufacturers “reflect a continuing decrease in business confidence,” and also noted that “global trade remains the most significant issue.” Economists polled by Reuters had forecast the ISM index rising to 50.1 in September. The ISM’s forward-looking new orders sub-index edged up to a reading of 47.3 last month from 47.2, which was the lowest level since June 2012. A measure of export orders plunged 2.3 points to a reading of 41.0 in September. The survey’s factory employment index dropped to 46.3 last month from 47.4 in August. The dollar fell against a basket of currencies after the data. US Treasury prices rose. US stocks were trading lower. Everything going as planned : gross private domestic investment tumbled . Freight Shipments Index fell 5.9% . purchasing managers’ index PMI down . S&P 500 earnings growth fell 5.2% . gross domestic product GDP from 3 to 2% . 5.7% of all energy companies with junk rated bonds are defaulting . Another Trump failure. Was not he supposed to save US manufacturing ! Welcome to the Trump Depression .




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Robots to replace 200,000 US Banking Jobs in next decade

While the ATM, which recently turned 50 years old, added to convenience, it also helped to trim jobs in the industry. According to a report from Wells Fargo, a significant number of jobs could be lost over the next decade to robots. Welcome to The Atlantis Report . A recent report from Wells Fargo showed that banking will be the next industry hit by technology, with a significant number of jobs forecast to be lost over the next decade. According to the research, some 200,000 jobs will be replaced by robots over the next 10 years throughout the financial industry in the United States. It has revealed that back office, bank branch, call center and corporate employees are being cut by about a fifth to a third. This is also the case for other industries as well. As an example as much as 50% of the consulting services you might be buying can be automated. The issue with banks is their willingness to adopt as most managers perceived power is a direct function of how many people they manage as well as other “non-economic” factors. more and more jobs are lost in america, all companies trying to reduce staff or closing out of business, more lost jobs, then more jobs are lost with companies trying to cut more costs, and expect to gain business from a population of increasing joblessness, most of who are not counted in government statistics . Robots to replace soldiers, robots being developed to take away employment for millions . No one will need to apply for a home loan because no one will have a job to repay it. I suggest replacing our politicians and all those involved in the finance industry Wall street with robots first , that would save us, the worlds debt slaves from having to pay these parasites billions in salaries/ bonuses. While none of those things are bad measures, at some point they’re merely stopgap measures. What we’ll eventually be forced to do is entirely rethink some of our most basic assumptions about the structure of the economy. That is to say, throughout human history, productivity has been solely a function of human labor. No labor, no production. You could make it more efficient, or increase the scale, but you still needed - and need - humans at the controls. At some point in the foreseeable future though, that will no longer be the case. Humans will become so minimally necessary to so many aspects of production that all but the most skilled labor will be superfluous. And at that point, we’ll have to start rethinking our answers to questions like “how do we allocate all the stuff we’re making.” We’ve always used productivity (or some function thereof, however distorted) as a means of allocating the goods we produce - in simple terms, do work -> make stuff, get paid, buy stuff -> buying stuff tells us what we need to make more of. Replace the jobs with robots, and that falls apart. The industrial revolution at the turn of the 20th century actually did automate a great number of jobs and positions. It was arguably the most disruptive transition and one element of change led into the modern labor movement. But while there were several social and labor elements that were drastically altered - overall most people enjoyed a significantly higher level of access to food, medicine and resources. Since then it has been a consistent process of job creation, base job gets automated, worker either transitions to a new more skilled position or moves on with consistent wage increase year-on-year and better access to food, services, and support structures. This is how human history HAS been for the last century and a bit. Intelligent Systems are not a grand leap, but instead another minor step forward - but these Intelligent Systems will continue to advance until all jobs can be done equally well by a human or by a machine at any level - and the machine will likely be the more economical choice for highly repetitive tasks. As for sentient, sapient systems on the human scale . Those entities would be on a par with humans and would likely require similar rights and privilege. That said, the technologies and access represented by the base level of that technology suggests post-scarcity due to just-in-time supply, complete recycling of all non-chemically altered material, and near 100% recovery of all waste through the use of Drexler Assembler technology. The convergence point of those technologies is 2045 more or less a few years. I can’t tell you what things will look like *after* that point - singularities tend to be points beyond which no analysis can be made, but the odds are that it will be like nothing we’ve ever experienced in our history. And it will not be the first time something like this has happened - we’ve seen multiple civilizations transition through similar technological events with either great success or terrible failure. The scale of the transition is what makes this particular shift so unique. There are very few jobs that cannot eventually be automated. Going forward in a world with Automation, there will likely always be more people than labour to be performed by those people. Additionally, what labour is available may not be within the grasp/capabilities of a very large portion of the population. At some point we need to consider our economic systems and how we value our own species. To accept that all of this collective work of humanity over untold generations has been to arrive at a point where humanities value is intrinsic and not based on its labours. This is why Universal Healthcare, Universal Education and Universal Basic Income are *essential*. The US has not educated its population correctly, and because of that these people need access to education that will allow them to access the jobs that will exist. Automation is coming. And unless you are one of the people who can manage and support the automation in the fields where automation is replacing workers, you’re not going to have a job.








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How Negative Interest Rates Work ?

The United States has never used negative interest rates, though that may change. In September of 2019, President Trump suggested the Federal Reserve implement them. Negative interest rates are not unheard of as Europe and Japan are using them in the hope of jump-starting economic growth. Any nation that is forced to use negative interest rates is living far beyond their means. This may help delay the inevitable, but at some point in the near future, we are all going to have to deal with the fact that there is going to be a severe and prolonged economic correction. Be prepared. Welcome to The Atlantis Report . To battle the global financial crisis triggered by the collapse of Lehman Brothers in 2008, many central banks cut interest rates near zero. A decade later, interest rates remain low in most countries due to subdued economic growth. With little room to cut rates further, some major central banks have resorted to unconventional policy measures, including a negative rate policy. The euro area, Switzerland, Denmark, Sweden and Japan have allowed rates to fall to slightly below zero. So How Negative Interest Rates Work ? Negative interest rates refer to a scenario in which cash deposits incur a charge for storage at a bank, rather than receiving interest income. Instead of receiving money on deposits in the form of interest, depositors must pay regularly to keep their money with the bank. This environment is intended to incentivize banks to lend money more freely. Interest rates are typically assumed to be the price paid to borrow money. For example, an annualized 2% interest rate on a $100 loan means that the borrower must repay the initial loan amount plus an additional $2 after one full year. On the other hand, a -2% interest rate means the bank pays the borrower $2 after a year of using the $100 loan, which is counterintuitive. While negative interest rates are a strong incentive to borrow, it is difficult to understand why a lender would be willing to provide funds considering the lender is the one taking the risk of a loan default. While seemingly inconceivable, there may be times when central banks run out of policy options to stimulate the economy and turn to the desperate measure of negative interest rates. Negative interest rates are an unconventional monetary policy tool. They were first deployed by Sweden's central bank in July 2009 when the bank cut its overnight deposit rate to -0.25%. The European Central Bank (ECB) followed in June 2014 when it lowered its deposit rate to -0.1%. Other European countries and Japan have since chosen negative interest rates resulting in $9.5 trillion worth of government debt carrying negative yields in 2017, according to Fitch. Negative interest rates are a drastic measure that shows that policymakers are afraid that Europe is at risk of falling into a deflationary spiral. In harsh economic times, people and businesses tend to hold on to their cash while they wait for the economy to improve. But this behavior can weaken the economy further, as a lack of spending causes further job losses, lowers profits, and reinforces people’s fears, giving them even more incentive to hoard. While real interest rates can be effectively negative if inflation exceeds the nominal interest rate, the nominal interest rate had been theoretically bounded by zero. Negative interest rates are often the result of a desperate and critical effort to boost economic growth through financial means. Negative interest rates may occur during deflationary periods when people and businesses hold too much money instead of spending. This can result in a sharp decline in demand, and send prices even lower. Often, a loose monetary policy is used to deal with this type of situation. However, with strong signs of deflation still a factor, simply cutting the central bank's interest rate to zero may not be sufficient enough to stimulate growth in credit and lending. Many financial institutions, which have millions or billions of dollars, store their excess cash at central banks for safekeeping. Normally, those institutions earn a small return on those funds, but in a negative rate environment, the banks get charged by the central bank for storing dollars. That increases the institution’s overall costs. It’s not that the central bank wants the money; rather, they’re penalizing banks for hanging on to their cash instead of lending it out. They want people and businesses to borrow more—at ultra-low rates—which should then help buoy economic growth. In recent years, central banks in Europe, Scandinavia, and Japan have implemented a negative interest rate policy (NIRP) on excess bank reserves in the financial system. This unorthodox monetary policy tool is designed to spur economic growth through spending and investment as depositors would be incentivized to spend cash rather than store it at the bank and incur a guaranteed loss. It's still not clear if this policy worked in these countries in the way it was intended, and whether negative rates successfully spread beyond excess cash reserves in the banking system to other parts of the economy. In both Europe and Japan, lending has not picked up in any significant way and both economies continue to struggle. Could GDP growth have been worse without negative interest rates? Possibly, though economists would have liked to have to see better growth from these countries. Earlier this year, the ECB reported that loan growth, which did pick up in mid-2015, was essentially flat quarter-over-quarter at the beginning of 2019 and down by double digits from years prior. That’s despite having a -0.5% overnight rate. (In September, the ECB cut its rate from -0.4% to -0.5%.) . Could negative rates impact my investments? Yes. When rates fall, bond yields tend to drop, which makes them less attractive to income-seeking investors. The main alternative to bonds, then, is dividend-paying blue-chip stocks in stable income-earning industries such as utilities, telecoms and real estate. When rates fell after the recession, stocks in these industries soared. While that’s good for equity investors, that search for yield can make these stocks expensive. You should also see company earnings rise as businesses borrow more and invest in their operations, which is good for stocks. In Conclusion : Negative rates are bad, they will cause bank runs here in the US with people rushing to get their cash out before they start getting charged fees for letting their money sit in the bank .





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Bank Runs in Hong Kong as ATMs Run Out Of Cash

As Hong Kong ATMs Run Out Of Cash, Central Bank Steps In To Prevent "Panic Among The Public" . Coming soon to your town: ATMs that run out of cash. By the way, that money that you think is yours that you let the bank hold for you is not really yours. Unfortunately , millions are going to find this out the hard way. Personally , I only use the banking system to pay bills. Welcome to The Atlantis Report . one day after a junior JP Morgan banker was beaten in broad daylight by the protest mob, a SCMP report confirms that the social upheaval has finally spilled over into the financial world: according to the Hong Kong publication, the local central bank, the Hong Kong Monetary Authority, was forced to issue a statement warning against a "malicious attempt to cause panic among the public" after rumors were spread online about the possibility of the government using emergency powers to impose foreign-exchange controls. And while the central bank stressed that the banking system remained robust and well positioned to withstand any market volatility, some of the statistics it provided gave a rather troubling impression: the monetary authority said that not only were more than 10% of 3,300 ATMs damaged and could not function, but that banks were negotiating with logistics firms to refill cash machines as 5% of them had run out of money, adding that banknote delivery was affected by the closure of shopping malls and MTR stations. Will this be enough to prevent a bank run on the remaining ATMs? The answer will largely depend on what happens in the next 24-48 hours in Hong Kong, although the signs are grim. Earlier in Saturday, Hong Kong’s embattled leader, Chief Executive appealed to the public to condemn protest violence and disassociate themselves from rioters, saying the chaos they unleashed across the city the previous night after the announcement of a ban on the wearing of face masks at public assemblies was the reason such a controversial restriction had to be imposed in the first place. With the exception of ammunition depots, rioting property is not the trademark of freedom fighters but of a (paid) outlawed mob striving for the chaos of anarchy. So the failed state(let) was born. And that is indeed a known trademark... for the today US Empire in moral free fall. This upsurge in violence can be exactly the justification the Chinese government needs to start rolling the tanks in. In the end, the people of Hong Kong are screwed. Wherever one stands on this Hong Kong unrest (pro or anti the chaos being created), it will not end well. China will ultimately gain the upper hand by use of overwhelming force and that will not be a pretty sight. The only thing that's holding them back is the damage to its international image. But we already see Beijing slowly tightening the noose around the necks of demonstrators with this face mask ban and undercover agents deliberately causing damage , to smear demonstrators plus several people injured by police gunfire. God only knows how these demonstrators are gonna live in Hong Kong after their revolt is crushed. India has also just by coincidence run out of money at its banks. And the repo rates in the US are out of control. And just by coincidence, the Communist Chinese held their 70th birthday party and only invited their closest and most reliable 80,000 guests to make sure no protests occurred. You are witnessing the beginning of the "Greatest Depression" and the end of the Communist Party in China. The Democrat Progressives are also imploding and soon the Democrat Party in the US will be no more as well. We all can guess it is about : #1) Money. #2) Banks. # 3) Power over Citizens. #4) All people hate bankers, banking power, oppression of the banks, and the empowerment of government to oppress citizens about money & banking. - All Wars Are Bankers Wars . The bankers are in control that's for sure. We (the useless eaters) still don't know what the pecking order there is yet. Whether it is based in the US, UK or Europe is not clear but perhaps that doesn't even matter because they clearly coordinate all their moves globally anyway. The common theme by governments across the world is how they are using ever harsher methods to control the masses, be that through economic means or straight out censorship. They are so eager to control the narrative because they have so many skeletons in their closets. In the end it is the hierarchy of control that is in question now. They work frantically to keep the feudal system in place and fear a growing middle class of informed citizens who will not take their crap anymore. It's not only within countries but internationally as well. The old structures that have been under the control of the US and so called west is now showing clear signs of crumbling. The clean facade of the democratic west is falling off and we see the corruption and thuggish policies behind it all. What's heppening in Hong Kong is probably : a) a manipulated event, with Soros Open Society Foundation and CIA money pulling out "jenga blocks" . b) China is also very unstable right now, so it is only a question of whether or not this "chaos" spreads . The coming days will be intriguing. Dangerous and entertaining times to be alive . India yesterday . Now, Hong Kong. Monday should be interesting.








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Operation Gladio Explained : And how Gladio is still alive with the Deep State!

Gladio is a far-right secret army, operated by the CIA and MI6 through NATO, which killed hundreds of innocent Europeans and attempted to blame the deaths on Baader Meinhof, Red Brigades and other left wing groups. Known as 'stay-behinds' these armies were given access to military equipment which was supposed to be used for sabotage after a Soviet invasion. Instead it was used in massacres across mainland Europe as part of a CIA Strategy of Tension. Gladio killing sprees in Belgium and Italy were carried out for the purpose of frightening the national political classes into adopting U.S policies. Welcome to The Atlantis Report . Gladio was the name of the branch oft “NATO´s secret Armies”, now generally used for those structures. Originally those structures were formed by the US and GRETA BRITAIN as a “stay behind army” for an allegedly possible Soviet Invasion of West Europe. From the beginning extreme rightist personnel including outright fascist and Nazi personnel were recruited. In Germany an “outstanding” henchman was Nazi-General Reinhard Gehlen being “astonishingly” entrusted with building up Germany´s “Bundesnachrichtendienst”. Soon the aim of the secret armies was shifted to prevent leftist developments in West European countries and keep their governments, the “allies”, better called vassals, under pressure. And soon the methods of those structures shifted to organized\ terror. The Swiss Historian Daniele Ganser earned fame among critically thinking people. He did a lot of research on the applied “Strategy of Tension”. Often the terrorist activities were masked as done by extremist leftist, in Italy on the “Red Brigades”, “False Flag operations” became “standard operation procedure”. But it seems that even leftist groups were at times infiltrated. In the mainstream media Gladio, if ever talked about like in German “Spiegel”, it is treated as a sole thing of the Cold War. But be sure, those structures are not dead. US lead NATO expansion revealed that the US Power Elite was eager to expand its grip further. Also there were fears that in a unified Germany Socialism – though failed in the concrete form – might find an echo. But that´s not all, the US Power Elite is shaken by their “nightmares”. Indeed central Europe capital could find interesting chances with the Chinese Russian project of “Eurasian Cooperation”. Thus it would be very naive to believe “Gladio” would be over! And we should know that the CIA is the organized crime branch of the US Power Elite! The strategy of tension is going on, the European Governments, especially that of Germany, have to be kept under pressure. Indeed, for the one who wants to see, Gladio surfaced also with the case of the “National Socialist Underground” and nowadays with extremist right networks also in the German Forces and connected to the “Prepper scene”, which gained attention with the mysterious case of the German Officer Franco Albrecht. Many of the publications including “Prospect Magazine” – though boasting to be “The magazine with more range and intellectual depth than any other” – are falling short of naming the obvious possibility: that all this can plausibly be explained with Gladio! Well, if really ready to see the Gladio connection, one might take this as another example how much terrible developments in Europe and particularly Germany got “inspired by the US”! Changed Attitude of Europe´s Governments? As much as those days West Europe´s governments were bribed or blackmailed into complicity with Gladio policy (and still unwilling to reveal the past) at least because of their economic interests differing from that of the US it seems they might try to loosen that pressure. Their problem: if they go too far with their desire for a more independent policy, “terror might be coming”! But the problem is also that there are still quite a large number oft people in German administrative organizations who “carry on two shoulders”, means, who work in service of the “Empire”. This is clearly shown with the various cover ups of the recent events named above. Anyway, it seems some actions are taken in as far as already in May this year police landed a blow against a dark web marketplace. It will be seen how far German authorities are willing to really end those activities.








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UKRAINE SCANDAL EXPLAINED: Chalkboard on DNC Collusion, Joe Biden, Soros, Trump & More

Glenn explains EVERYTHING you need to know about the Ukraine scandal. And it goes MUCH further than Hunter and Joe Biden, and their involvement there. This timeline gives you all the facts and proof you need to show that there was DNC collusion, not collusion with President Trump, during the 2016 election. Democrats worked with Ukrainian officials to investigate "dirt" on Trump, and Glenn shows you EVERYTHING -- including how even George Soros is involved -- in a way that's easy to understand.








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Second Ukraine Whistleblower Comes Forward With Firsthand Info !!

Mark Zaid, another attorney representing the initial whistleblower, said that a second whistleblower has come forward with firsthand knowledge of some of the allegations described in the initial complaint, which describe efforts by Mr. Trump to press his Ukrainian counterpart to investigate a political rival. Welcome to The Atlantis Report . A second whistleblower has spoken to the intelligence community’s internal watchdog and has information that backs the original whistleblower’s complaint about President Donald Trump’s dealings with Ukraine, according to the lawyer for the two. That said, we've all read the original whistleblower complaint and the transcript of the phone call between President Trump and Ukrainian President Volodomyr Zelensky in which Trump clearly does not use pressure or offer a quid pro quo as originally claimed. It will be interesting to discover what additional insight the second whistleblower can provide. Attorney Mark Zaid who represents the second whistleblower said that both officials have full protection of the law. The New York Times on Friday cited anonymous sources in reporting that a second intelligence official was weighing whether to file his own former complaint and testify to Congress. Zaid says he does not know if the second whistleblower he represents is the person identified in the Times report. According to the first whistleblower, more than a half a dozen U.S. officials have information relevant to the investigation -- suggesting the probe could widen even further. Lemme guess, the 2nd whistleblower came forward because they were about to be outed as being linked to the first and realized this path was their best hope for legal protection. This second person is also part of the plot. Don't be surprised if there is yet a 3rd person. There is no crime here, but they don't seem to care about the real crime Biden has committed. Pelosi's son is also on the board, more cockroaches will come out as the investigation of the Ukraine goes forward. I will not forget that democrats are using committees not properly given authority and funding for impeachment investigation that when they put up for a vote could not pass in congress several times. Committees that write their own rules and in full control by democrats in those committees. Very Very telling to say the least. This type of political scandals perpetuate d by Democrats are a common ploy in places like Africa who uses fear to secure votes by promising to solve a problem they imagined. And how bout the fact that the Obama Administration used over $1 billion of tax payer funds to install a corrupt Ukrainian government. The same corrupt Ukrainian government which admitted to meddling in the 2016 election, in favor of Hillary. Right now the delusional democrats are concocting another fraudulent scandal to leak to the mainstream media . This will happen just prior to the IG's and Durham's reports on the genesis of the attempted coup against President Trump! There will be indictments and criminal referrals....stay tuned. They are all both republicans and democrats afraid loosing their high paying government jobs with pensions, free healthcare and a busload of perks that we are paying for while we have nothing . Repeal the Patriot Act and mothball half the intel agencies and their black budgets. We do not want a shadow government , and while we're at it lets make it illegal to collect data/intelligence on American citizens without a warrant from an OPEN court ,not some secret court.









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