Wednesday, January 13, 2021

๐Ÿ‘‰Is The Stock Market just a Casino for Rich People ?

๐Ÿ‘‰Is The Stock Market just a Casino for Rich People ? The stock markets are no longer an indicator of national economic prosperity. They started to become uncoupled in the 1980s under Reagan, and today they aren't linked to economic health at all. Today they are purely an indicator of how successfully the rich are stealing what little the rest of us have. The best indicators of economic health today are: 1) the minimum wage. 2) the combined unemployment rate (which includes everyone who would work more if they could but don't have the opportunity). 3) the ratio of independent contractors to employees. and 4) the ratio of rent to income. When the first indicator is rising, and the other three are dropping, that means the nation's economic health is improving. Everything in the US is over-valued and over-hyped. Has been for a long time. So people better wake up. The US market is kept afloat by trillions of QE money. When the bubble bursts, it is going to be spectacular. The Fed has made it clear they are not going to let the market decline. They are buying the bad debt and equities and pumping in money. This is not a mystery. It's a no-lose bet the stock market isn't the economy. The stock market is just a game for the rich to enrich themselves further. There are more measures of a country's and company's health than the stock market or interest rates. There are OECD indicators. There are literacy measures. There is the minimum wage and, although this country doesn't recognize it, the broadness of the social safety net. Public health is another measure. And the gap between the poor and the wealthy. Large institutional investors who drive the market have nowhere else left to go. The yield on a 10-year Treasury note closed at .70 percent today. So why not roll the dice on stocks? Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. Stocks help the rich get richer. Most of us are not involved. So, it is important to the rich, the powerful, and our leaders. The pandemic has loosened the bolts on the machine. The protests are real and formidable as well. It is a movement. The people, the used and abused people are tired and desperate. We've created this reckoning (self-government/democracy remember). We the People, are the cause. Most Americans seem ready for change, maybe great change. But, the billionaires, the multi-millionaires, are sitting pretty and aren't too keen on change. Who will win the great match? Who is up to it? What are people for? Today we are witnessing literal casino capitalism, the final stage where irrational insanity and outright gambling precede a total collapse. A failed state, with a largely uneducated public, in a country hollowed out by the greed of a tiny elite. America today and tomorrow. We are not even to be pitied, after all the damage we’ve done since the 1950s. Stick a fork in it and turn it over; it’s done. In essence, the Federal government transferred $2T to the private sector in the form of tax cuts. That money was used by businesses to buy back stock and by wealthy investors to buy stock. This policy is driven by the notion that those who control capital are job creators. They're obviously not. Poor people spend money; rich people accumulate more. The way out of the current predicament is for the US to retrieve all or part of its $2T outlay and redirect those funds to an innovative jobs program with infrastructure enhancement at its core. I think the top 10% of Americans own over 80% of stocks. It's their baby. Pensions are woefully underfunded, and not many people get those these days. Businesses have also cut back on 401k's. America is marching towards oligarchy, basically since Reagan's trickle down economics and his assault on worker unions. Remember David Stockman, chairman of Reagan's Office of Budget and Management? He said when he was meeting with industry leaders to discuss policy, they were crazy about getting all they could. His infamous quote, 'The pigs were really at the feeders.' People are in the streets because the pandemic has shown us how unequal we are and how tenuous life is for millions. The reckoning is here due to our greed and inequality. Greed is our virus, and only compassion, love, equality, good citizenship, and high quality of life for all of us is the antidote. The stock market is only for rich people. It's legalized gambling to boot. Most of us are not involved. Most of the population is very close to bankruptcy. A healthy society is not filled with payday loan vendors and a minimum wage that no one can live on. In the US, the rich have gotten richer due to a vast transfer of wealth from the middle class that has been enabled over the past 40 years by deregulating business, eliminating protections for ordinary Americans, defunding government programs that help people get ahead, and taking advantage of the massive economic shocks caused by unregulated capitalism to buy up our assets. We're rapidly approaching a day when the average American won't own any assets at all. Even mobile home parks are being bought up by investors. The stock market can't function without some people being losers. It makes no sense at all to base the stability of your country on a system that runs hot and crashes over and over again, crushing some people like bugs and vastly enriching others. Illiquidity is not the problem, thanks to the Fed. Part of the problem was the Fed juicing up the system. The stock market is full of insanity to be sure. It is a place rife with emotion, fear and greed, and of course, speculation. The run-up in prices in 2020 was due to corporate share buybacks. Clearly, the corporations did not read the fine print on the corporate tax cut, saying that the cut would lead to more business investment and higher wages. So it is interesting that this is a retail bubble this time. These suckers will lose the money they foolishly plowed into Hertz. Hertz executives can rejoice, and no one is crying for the losers. It’s all about Financial Engineering. When a company buys back its own shares, it pays cash for the shares. But the shares usually get canceled and are gone. As far as the company is concerned, the cash is gone too; someone else has it now. And stockholder equity – the difference between assets and liabilities, reflecting the company’s equity capital – drops by that amount. Funded with debt: Share buybacks totaled nearly $5 trillion since 2012. Over the same period, corporate debt soared by $4.5 trillion. We use a debt based monetary system, which means that in order to increase the money in the economy, you have to increase the debt. If you decrease the debt, you will, at the same time, decrease the money in the system because it is the debt that we use as money. Money created when the commercial banks give out a loan because we use that credit as money. The interest on the loans is what is draining the economy because that interest was never created when the bank gave out the loan. That is why the size of the total debt has to be bigger and bigger because more money/ debt has to be created in order to pay the existing interest on the old debt. That ignores the fact that all of these companies are weakening themselves drastically, so that (if as I predict, the congress will not pass a sufficiently gigantic bailout to rescue the tens of thousands of businesses and reportedly, at least 40 million needy Americans), a huge number will become legally insolvent. Many will close and cause a massive loss of jobs. Of course, investors might find another place in which to put their cash. That is always the case, but you are ignoring the manipulation that is occurring through these share buybacks: by getting into debt and giving away necessary cash, the stock price of many, many companies has been inflated to ranges that any third-year undergraduate student of finance should be able to figure out are insane. Even the fake PE ratios cannot support most companies’ valuations. Most real PE ratios (when they ever come out, if ever) of large companies would show their prices to be insane. Thus, it would be good for investors to invest in more competently run companies. However, where? I am sufficiently familiar with the preparation of current financial statements post-Enron that I no longer believe in most of them. Any company that is not obviously booming might have hidden, fundamental weaknesses. Despite my knowledge and experience, I see only a few absolutely sure investment opportunities for an investor that cannot just take over companies, like Mr. Buffett. Holding dollars now means you are giving money away because the banksters’ Federal Reserve is effectively robbing all savers through the oncoming inflation that will follow the recession/depression. The US faces such oncoming demographic and bankster-corruption-caused cliffs that few companies are clearly, absolutely safe. Diversification must be used, with the acceptance that some investments will not be recoverable. I wonder if the coming (or already extant AI?). AIs will be able to catch the massive, Enron-types of financial fraud ongoing from the publicly available information? Alphazero’s reputed abilities mean that we are at the very least climbing nearer the human-level intelligence summit and computer processing power doubles rapidly every year or so. I am actually surprised (and a little spooked) that nothing much is being discussed in the media about an AI that taught itself games by playing them. Finance, logistics, military strategy, and even litigation consist of the games-like analysis of positions and moves, so the potential of this AI with supporting narrow AIs (and quantum computer software) performing more specific functions is already amazing. It will be like having two (or a dozen) Gen. Douglas MacArthurs in a box in terms of military planning. Maybe, before the ultimately-likely obliteration that an AI with super intelligence will cause, as Musk warned, the lower level AIs might rescue us from many current dilemmas. I sure wish that there was some AI-created cure possible for the Wall Streeters’/banksters’ toxic, absolute, consuming greed: complete asset forfeiture for all corporate officers, corporate lawyers, and corporate-control-group-members whose corporations became legally insolvent or are convicted of fraud or misconduct might do the trick. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Blog Archive

“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