Saturday, May 14, 2022

The Truth about The Coming Global Currency Reset and The Decline of the US Dollar ....

The Truth about The Coming Global Currency Reset and The Decline of the US Dollar ....

The Truth About The Coming Global Currency Reset and The Decline of the US Dollar IF YOU ARE NOT OUTRAGED, YOU HAVE NOT BEEN PAYING ATTENTION. The income inequality in the United States has not been this pronounced in over a century. The middle class doesn't exist anymore, and the new working poor cannot continue for much longer. The top 10% has 50% of the country's Income. And the top 1% has 20% of the income. while a quarter of all American workers struggle on wages of less than $10 an hour putting them below the poverty line . Meanwhile the salaries of the CEOs of top corporations are often in the billions of dollars . Today there are 2200 billionaires in America. This income inequality is global ; the wealthiest 1% of the world's population controls 40% of The world's wealth. We are at a point in which the capitalist system; which has been the growing dominant system for the last 300 years; and wanted to present itself in contradiction to feudalism and slavery; as the system that creates a massive the middle class that lifts everybody up. And what we have now ; is that it has become the global system that is the exact opposite. It has reproduced the kinds of grotesque inequalities that we associate with everything from the Versailles Palace of the late King Louis back to the Pharaohs of ancient Egypt. It is a stunning expose of an economic system that couldn't deliver What it promised. And now wants to distract everybody from this harsh Reality. This is the a significant measure of a capitalist system by Its own claims, and it can't deliver. That's why we're besieged with economic and political theater; anti-immigration and tariffs; All that kind of stuff blaming foreigners for anything. Tto get us away from confronting an economic a system that doesn't work for the majority of the people. Welcome to The Atlantis Report. Not only this capitalism does not work, but the assault is being exacerbated. As we saw with the new tax code . The new tax code really is a kind of explosive excess. it's when you've crossed the line, and finally it is so grotesque that even those who didn't want to see are forced to see . We have had 30 to 40 years in which corporations have paid fewer taxes than they ever did. They have made more money than they ever did before. They have been able to keep wages stagnant; while the the productivity of labor rose. This is the last moment historically that they needed another big gift; let alone at the expense of the very people whose wages have been stagnant. To give them a tax bust of this sort; basically reducing from 35 percent to 20 percent is a 40 Percent cut. This kind of crazy excess does remind us of the late Louis in France before the French Revolution. When the level of excess reached the Explosive social dimensions. And I think That's where we are. what about that a moment in American history, let's call it the Golden Age of Labor right After World War Two. When ,capitalism took credit for and, we did have for a period of a couple of decades a well Compensated working class. Working class could be part of the middle Class. The irony which people don't want to remember ,yes that's true. I'd like to explain to you how the figures that they use to justify , what they call a recovery are, in fact, fictional. Yeah there's a number of ways in which this is done . You know; at any moment there are an immense array of economic statistics some of them make it look like the future might be a little bit better others make it look like the future look And grim. A reasonable approach tries to weigh these . But if you don't do analysis you do advertising or ideological more then you only look at the one . And you pretend the other ones don't exist. So bear with me . if I point out some of the data that don't show that this is a recovery. For example , the unemployment number that they love to talk about. This is the way unemployment numbers are gathered in America; which so few people understand it. You ask a lot of People, two questions: are you working? If they say yes. They're employed. If they say no . You ask them a second question: Are you looking for work, or are you not? If you say I am looking for work . You're counted as unemployed. If you say, I'm not looking. You are counted as out of the labor force. You are not counted as on the employee. So you don't need to be a statistical genius to understand that if over the last ten years a significant number of people gave up looking. Because it's too disgusting; because of the jobs they were offered was so inferior to what they had before; that the jobs they were offered were so insecure as to make their family life is impossible. So they either went back to school or went into the illegal economy or began to live off their friends relative And neighbors. Then you think the unemployment rate went down . As if this were an improvement. But the actuality is It's a deterioration. And we know that because ; what it does is; it leaves a the smaller number of people in the labor force to support the entire population. And that's fundamentally a bad thing. But it also does things like : if you are twenty-eight hours a week at Walmart. Which is the average hourly workweek at Walmart ; You're still below the poverty line. And the Walton family which is making eleven thousand dollars an hour will quite generously give you forms for food Stamps. Because you qualify. So we get to subsidize them. And even if you're working one hour a week, you're counted as employed. Yes, you are. You've put in the temporary category or part-time category. There are endless games that are being played. The bottom line is most observers admit that the quality of the job; its security; its benefits; its impact on your physical and mental health; all of that has been going down even as the wages have remained stagnant. So that by any of those measures we're not in a recovery. We're in an ongoing decline . Which by the the way is why Mr. Trump got elected. It's happening to the economies in Western Europe; Japan; and the United States. That's why an angry working class is looking for ways to express and change its circumstance. If we don't learn the lesson of the Great Depression, we're going to see this system spinning out of control and destroying itself in the very way its critics have for so long foreseen it. Which will mean that the dollar will no longer be the reserve currency . We will see the creation of a multipolar world; which means ; Instead of this kind of gradual decline of The American empire . It would really mean a pretty catastrophic economic meltdown for the United States. Right what we saw some time ago ; when Trump announced his big tariffs on China . We saw the stock market dropped 700 Points in one day. That's a sign of the anxiety ; the danger even in the minds of capitalists about where this is going. Just as we saw Warren Buffett and others say years earlier ; you can't keep taxing us this way ; when I pay less than my secretary. Because it is an unsustainable thing. As we approach the end of the second decade of the 21st century. The long history of the American Empire seems to be coming to a decline. The world currency role made U.S. financial hegemon. This power, together with the IMF and World Bank, enabled the U.S. to plunder foreign resources the way vanishing American resources had been looted. Countries are starting to abandon the US dollar as the currency of international transactions and arranging to settle their international accounts in their domestic currencies. China's Silk Road encompasses Russia with much of Asia in a trade bloc independent of the Western financial system. Other countries hoping to escape US control are turning to Russia and China to achieve sovereignty from Washington. These developments will reduce the demand for dollars and impair US financial hegemony. Alternatives to the World Bank will remove areas of the world from the reach of US plunder. What is left will be a ruin.As confirmed by Dr. Paul Craig Roberts in his article American Decline. The United States seems to have an economic crisis every ten years or so. They are difficult to eradicate because their causes are different. But the results are always the same. They include high unemployment, near-bank collapse, and an economic contraction. These are all symptoms of a recession. To start planning for your future for the long term, here are the top predictions that will most affect the United States and your own personal economy over the next decade. Prepare Yourself For the Financial Crisis With These Predictions. By taking the time to understand these predictions, you may be able to better plan for your future. The best thing to do is to stay focused on your financial well-being. Continue to improve your skills and chart a clear course for your career. If you've invested in the stock market, be calm during any pull-back. Plummeting commodity prices, including gold, oil, and coffee, will return to the mean. All in all, an excellent time to reduce debt, build up your savings. The US economy will boom then bust. The Fed predicts that economic growth as measured by the gross domestic product will slow to 2.3 percent in 2019 it will be 2% in 2020 and 1.8 percent in 2021. That's within the ideal range of 2 to 3 percent. While the candidate Trump promised to boost growth to 4 percent growth. At that level could create a recession by 2020. It could set off a speculative boom and bust cycle. US manufacturing is forecast to increase faster than the general economy. The MAPI Foundation says increased capital growth and higher exports will boost manufacturing. It predicts production will grow by 3.9 percent in 2019; and will slow slightly to 2.4 percent in 2020, and 1.9 percent in 2021. The federal debt will increase. The U.S. Debt exceeded 22 trillion dollars in 2019 and had remained stable after sequestration kicked in. With that action, Congress required a mandatory 10 percent federal budget cut through 2021. The U.S., The debt to GDP ratio, is 106 percent, a level that is not sustainable. As interest rates rise, it will increase the interest payments on the debt. It's above the 77 percent tipping point recommended by the International Monetary Fund. Trump promised to reduce the debt, but so far, his policies will increase it by five point six trillion. The tax cut and Jobs Act alone, one trillion dollars supply-side economics, say that lowering business taxes frees up more funds to hire more workers. But it doesn't work when the maximum tax rate is below 50 %, according to the Laffer curve. Instead, it just adds to the debt. Disagreements over how to reduce the debt may translate into a debt crisis. If the debt ceiling needs to be raised in the long term balancing the budget means spending cuts. Since Trump has cut taxes, Social Security pays for itself, and Medicare partially does, at least for now, as Washington wrestles with the best ways to address the debt. Uncertainty arises over tax rates benefits. And federal programs businesses react to this uncertainty by hoarding cash, hiring temporary instead of full-time workers, and delaying significant investments. The dollar will resume its loss of value. The value of the dollar will continue to decline; prior to 2015, forex traders were betting on a strong dollar when the Fed announced that it would raise interest rates. Now that it's happened, traders realize rates are only rising slowly. They will find another currency to bet on. Foreign investors will become more concerned about U.S. debt. They fear that the US wants the dollar to decline; so that the relative value of its national debt is less. They will diversify their portfolios with more non dollar-denominated assets such as the euro. A weak dollar increases import prices, which contributes to inflation. And increases oil and gas prices. It also lowers export prices spurring economic growth. The value of the dollar will continue to experience dips and swells, affecting everything you buy. The US global power is declining. Prepare yourself by taking the time to understand these predictions. The best thing to do is to stay focused on your financial well-being. Continue to improve your skills and chart a clear course for your career. If you're invested in the stock market be calm during any pullback . All in all an excellent time to reduce debt build up your savings . Welcome to the divided slaves of America!

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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?


“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924

Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money

Taxation is legalized Theft

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan

"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich

There is NO political answer to a spiritual problem!
Steve Quayle

litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow

When People lose everything and have nothing left to lose , They Lose It !


Your Greatest Teacher is Your Last Mistake

The one who Controls the Education System , Controls Perception

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left

No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please

Freedom is not Free

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff

You can love your Country and not your Government

Jesse Ventura

" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan

"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato

The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki

"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki

"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN