tag:blogger.com,1999:blog-21330112956125510702024-03-05T00:44:19.538-08:00JIM ROGERS BLOG<i>Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.</i>JORDAN MAXWELLhttp://www.blogger.com/profile/06329006380909444448noreply@blogger.comBlogger1477125tag:blogger.com,1999:blog-2133011295612551070.post-34671921210572152652020-08-11T13:39:00.000-07:002020-08-11T13:39:05.433-07:00👉Jim Rogers on Bitcoin , Silver , Gold, Farmland, The Economy and Much Much More...<i><br /></i><i><br /></i><i><br /></i>
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<i><br /></i>👉Jim Rogers on Bitcoin , Silver , Gold, Farmland, The Economy and Much Much More...
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<i><b><br /></b></i>Jim Rogers on Bitcoin , Silver , Gold, Farmland, The Economy and Much Much More...
Jim Rogers is an American investor and financial commentator based in Singapore. Rogers is the Chairman of Beeland Interests, Inc. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index (RICI)
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-15760464977637033162020-06-27T14:45:00.003-07:002020-06-27T14:45:35.893-07:00👉The Stock Market is a Gigantic Ponzi Scheme Owned by The Fed !!<i><br /></i>
<i><br /></i><i><br /></i><i><br /></i><i><b><br /></b></i>👉The Stock Market is a Gigantic Ponzi Scheme Owned by The Fed !!
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<i><b><br /></b></i>Since interest rates are so low, the only place to make any money is in the stock market. That's what driving the high multiples and the stock market bubble. People have the feeling that the Fed is not going to let the market fail, so they keep buying stocks. This is not good. The manipulation such as the rock bottom interest rates and QE Infinity by the Fed is propping up a market that should have fallen a long time ago.
The $2.2 trillion welfare bill to corporations (oops, I mean stimulus) had everything to do with this stock market bubble. Taxpayers got 300 billion of that, but corporations got $1.9 trillion to buy their own stock and pay their CEOs bonuses.
The Fed is propping up the stock market. The Fed bought the market. They are now buying stocks of companies to keep them solvent. This isn't good. We are now worse than the Weimar Republic. The market's disconnect from reality, coupled with its irrational exuberance, makes for a decline we have not seen since Herman Minsky's writing of the 1920s.
Without Fed intervention, this market probably would have fallen to 5,000.
The question is, how long will the Fed buy the market and at what cost.
The market has become so divorced from reality that it has entered the realm of absurdity. How can anyone expect a meaningful profit when retail and manufacturing are operating at 25% capacity?
Four million people are not paying their mortgages! That's just residential mortgages. The commercial is a whole other story. Consumers are broke. They owe 7% of every dollar earned over the next 20 years to debt payment.
It's all bull, and if the virus keeps spiking, lookout. Right now, it's just a short squeeze.
It is a toxic atmosphere. All of the fundamentals and natural market forces are thrown out the window. The fundamentals are gone. There is no reason to be optimistic about earning when we already know that businesses will be crippled for many months to come. Earnings for many quarters will be terrible, guaranteed. So that argument that things are already factored in and that the market is an indication of the future is completely bogus. Let's call it like it is. The Fed bought the market, and now you have investors being reckless because they think they can never lose because they will always be backed by the Fed. That's not capitalism at all. That's pure manipulation and speculation. It has nothing to do with market forces and fundamentals. It has everything to do with people being reckless and feeling extremely confident that they can't lose because they will always be backed by the Fed. It's like going to the high roller table at a Vegas casino, and no matter how much you lose, you keep getting credit from the casino and you keep getting comped (free luxury penthouse suite, free food, free drinks, free shows, free transportation, free everything) no matter what. And imagine that the gambler never has to pay the casino back because the credit keeps coming over and over again. You know what that is? That's artificial. That's unsustainable. It can't work in the long run. There always comes a time when everyone must pay. And eventually, we will pay. We will pay. It's only a matter of time before this market drops like a bag of potatoes.
Large investors have been holding up the market, so all the useful idiots keep their cash invested there! When they suddenly pull out of a market where there are few companies doing well, and the rest are sloshing along with.Bye-bye market!
And with 1/4 of your workforce out of work, the demand side of the economy is crippled, and companies will not hire until they are making money again.
If you don’t see the inevitability of the coming collapse, just keep your head in the sand.
The Stock Market is a Ponzi Scheme that only Exists to Fool Americans into thinking; All is well. When in fact, it's ALL Criminally Corrupt and about to FAIL, leaving them in a world of HURT with a Failed currency, no food, no safety net, no jobs, and a pandemic to deal with! All Thanks to the Criminals that destroyed the US Economy & Financial Systems by INTENT. Hell is waiting and getting nearer every hour. I think they are going to tank the market in October, just in time for the election.
It is almost as if the US stock markets had been primed by Federal Reserve intervention over the previous 5+ years, and someone let the monster out of the cage. The deregulation, changes to tax structures, and general perception of market opportunity changed almost immediately after the November 2016 elections and really never looked back.
The Federal Reserve was created as an illusion for the masses. The mega-wealthy men who created the FED realized they would soon own nearly everything of value, so a way was needed to create an illusion of perpetual prosperity for an ever-expanding population desiring ever-more resources. Thus, the FED created to print a never-ending source of imaginary money based on nothing so the masses could continue buying something. That's why it did not matter when the National Deficit hit 1 trillion dollars years ago, nor will it matter when it hits 100 trillion dollars in due course. How can there be actual debt on an imaginary construct? Of course, there are two separate monetary systems: sovereign and mass. We, the people, are all members of the mass. Our dollar debts are actual dollar debts that must be repaid. Not so with sovereign debt. The FED will print; however, much is needed to keep the illusion going.
So The US politicians pass an AID BILL, which is to BAIL OUT the STOCK MARKET, with money from the FEDERAL RESERVE, which in reality, the FED is buying up the US while charging the money printed to the US. When a bank issues a mortgage, they charge you to use their money while they are the owner until the debt is paid. The US now owes 26 trillion dollars, But in reality, it is more like 125 trillion dollars, which leaves each taxpayer on the hook for $811,000.
This U.S. National Debt consists of:
debt held by the public.
Intragovernmental holdings, including debt held by Social Security and Medicare trust funds.
But it does not include total unfunded Social Security and Medicare promises.
The FED was never intended to buy up anything other than the US government's debt. They are a Criminal PONZI Scheme which will FAIL and take DOWN the Entire US Economy with them. All by design.
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 smash that like button.
And as You know friends, google has demonetized this channel, so now I rely totally on your donations to keep this channel functional, as you know it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford.
Thank You.
Currently, the bonds are not paying anything meaningful, so the money is flowing into the stock market. Just raise interest rates and see how fast this bubble will burst.
Shower wall street with money. The brokers. CEO's and board of directors and some insiders steal from everyone. Then when the market crashes, the taxpayers bail them. None of the criminals go to jail. The greatest country on earth.But only for the super-rich.
Tax cuts for corporations allowed them to buy back stocks, which drove up the values and CEO compensation. In the meantime, many paid zero in federal taxes. Amazon is one example - whereby they profited 11 billion in both 2018 and 2019...without paying a dime in federal taxes. In the meantime, the Feds have been buying the risk repeatedly. And you can't leave out the Feds lowering interest rates four times in 12 months (January 2019-January 2020). Now the rates are nearly zero percent. When you can borrow money for next to nothing and pay no federal taxes, you're going to put that money somewhere - hence stock valuations. Sadly, 58 percent of Americans don't have $400 in savings. Personal taxes for working folks are out of control, as they must pay extra for police, fire, schools, roads, etc., due to corporations not contributing anymore. At the end of the day, consumers are a must - and when consumers have empty pockets, the markets won't be far behind. The Feds can only keep the fluff going for so long. At some point, the piper must be paid.
We believe that the stock market will crash a short time before the election.
And it might be sooner!
Now, we’re warning that this current parabolic upside price trend near the end of Q2 of 2020 could be a massive setup for one of the biggest revaluation events we’ve seen since 1999~2000 ,(the last big bubble).
Our researchers believe a shift away from the global financial speculation that has driven a total global asset bubble over the past 8+ years will suddenly shift away from wild speculative euphoria and quickly transition into the realization phase of “uh oh, what have we done.” It is this point that we suddenly enter a financial distress phase where investors flee over-inflated assets to move into risk hedging strategies. Why do you think Gold has rallied to levels near $1800 over the past 4+ years? A certain segment of global investors has already had their “uh oh” moment.
The US stock market has gone parabolic because a very unique set of circumstances have come together at this particular time in history. Now, we have to deal with the current and future phases of this cycle and prepare for what’s next. Protect your open long trades and/or take some profits out now. If our research is correct, we have already entered the Financial Distress phase. Q2: 2020 may be the catalyst event, and that is only a few days away.
The Criminals that run the US don't want you to have any savings, food, home, health, security of even your Life!
The Fed is stealing your buying power.
This was The Atlantis Report.
Please Like.
Share.
Leave me a comment.
Subscribe.
And please take some time to subscribe to my back up 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!
Since interest rates are so low, the only place to make any money is in the stock market. That's what driving the high multiples and the stock market bubble. People have the feeling that the Fed is not going to let the market fail, so they keep buying stocks. This is not good. The manipulation such as the rock bottom interest rates and QE Infinity by the Fed is propping up a market that should have fallen a long time ago.
The $2.2 trillion welfare bill to corporations (oops, I mean stimulus) had everything to do with this stock market bubble. Taxpayers got 300 billion of that, but corporations got $1.9 trillion to buy their own stock and pay their CEOs bonuses.
The Fed is propping up the stock market. The Fed bought the market. They are now buying stocks of companies to keep them solvent. This isn't good. We are now worse than the Weimar Republic. The market's disconnect from reality, coupled with its irrational exuberance, makes for a decline we have not seen since Herman Minsky's writing of the 1920s.
Without Fed intervention, this market probably would have fallen to 5,000.
The question is, how long will the Fed buy the market and at what cost.
The market has become so divorced from reality that it has entered the realm of absurdity. How can anyone expect a meaningful profit when retail and manufacturing are operating at 25% capacity?
Four million people are not paying their mortgages! That's just residential mortgages. The commercial is a whole other story. Consumers are broke. They owe 7% of every dollar earned over the next 20 years to debt payment.
It's all bull, and if the virus keeps spiking, lookout. Right now, it's just a short squeeze.
It is a toxic atmosphere. All of the fundamentals and natural market forces are thrown out the window. The fundamentals are gone. There is no reason to be optimistic about earning when we already know that businesses will be crippled for many months to come. Earnings for many quarters will be terrible, guaranteed. So that argument that things are already factored in and that the market is an indication of the future is completely bogus. Let's call it like it is. The Fed bought the market, and now you have investors being reckless because they think they can never lose because they will always be backed by the Fed. That's not capitalism at all. That's pure manipulation and speculation. It has nothing to do with market forces and fundamentals. It has everything to do with people being reckless and feeling extremely confident that they can't lose because they will always be backed by the Fed. It's like going to the high roller table at a Vegas casino, and no matter how much you lose, you keep getting credit from the casino and you keep getting comped (free luxury penthouse suite, free food, free drinks, free shows, free transportation, free everything) no matter what. And imagine that the gambler never has to pay the casino back because the credit keeps coming over and over again. You know what that is? That's artificial. That's unsustainable. It can't work in the long run. There always comes a time when everyone must pay. And eventually, we will pay. We will pay. It's only a matter of time before this market drops like a bag of potatoes.
Large investors have been holding up the market, so all the useful idiots keep their cash invested there! When they suddenly pull out of a market where there are few companies doing well, and the rest are sloshing along with.Bye-bye market!
And with 1/4 of your workforce out of work, the demand side of the economy is crippled, and companies will not hire until they are making money again.
If you don’t see the inevitability of the coming collapse, just keep your head in the sand.
The Stock Market is a Ponzi Scheme that only Exists to Fool Americans into thinking; All is well. When in fact, it's ALL Criminally Corrupt and about to FAIL, leaving them in a world of HURT with a Failed currency, no food, no safety net, no jobs, and a pandemic to deal with! All Thanks to the Criminals that destroyed the US Economy & Financial Systems by INTENT. Hell is waiting and getting nearer every hour. I think they are going to tank the market in October, just in time for the election.
It is almost as if the US stock markets had been primed by Federal Reserve intervention over the previous 5+ years, and someone let the monster out of the cage. The deregulation, changes to tax structures, and general perception of market opportunity changed almost immediately after the November 2016 elections and really never looked back.
The Federal Reserve was created as an illusion for the masses. The mega-wealthy men who created the FED realized they would soon own nearly everything of value, so a way was needed to create an illusion of perpetual prosperity for an ever-expanding population desiring ever-more resources. Thus, the FED created to print a never-ending source of imaginary money based on nothing so the masses could continue buying something. That's why it did not matter when the National Deficit hit 1 trillion dollars years ago, nor will it matter when it hits 100 trillion dollars in due course. How can there be actual debt on an imaginary construct? Of course, there are two separate monetary systems: sovereign and mass. We, the people, are all members of the mass. Our dollar debts are actual dollar debts that must be repaid. Not so with sovereign debt. The FED will print; however, much is needed to keep the illusion going.
So The US politicians pass an AID BILL, which is to BAIL OUT the STOCK MARKET, with money from the FEDERAL RESERVE, which in reality, the FED is buying up the US while charging the money printed to the US. When a bank issues a mortgage, they charge you to use their money while they are the owner until the debt is paid. The US now owes 26 trillion dollars, But in reality, it is more like 125 trillion dollars, which leaves each taxpayer on the hook for $811,000.
This U.S. National Debt consists of:
debt held by the public.
Intragovernmental holdings, including debt held by Social Security and Medicare trust funds.
But it does not include total unfunded Social Security and Medicare promises.
The FED was never intended to buy up anything other than the US government's debt. They are a Criminal PONZI Scheme which will FAIL and take DOWN the Entire US Economy with them. All by design.
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 smash that like button.
And as You know friends, google has demonetized this channel, so now I rely totally on your donations to keep this channel functional, as you know it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford.
Thank You.
Currently, the bonds are not paying anything meaningful, so the money is flowing into the stock market. Just raise interest rates and see how fast this bubble will burst.
Shower wall street with money. The brokers. CEO's and board of directors and some insiders steal from everyone. Then when the market crashes, the taxpayers bail them. None of the criminals go to jail. The greatest country on earth.But only for the super-rich.
Tax cuts for corporations allowed them to buy back stocks, which drove up the values and CEO compensation. In the meantime, many paid zero in federal taxes. Amazon is one example - whereby they profited 11 billion in both 2018 and 2019...without paying a dime in federal taxes. In the meantime, the Feds have been buying the risk repeatedly. And you can't leave out the Feds lowering interest rates four times in 12 months (January 2019-January 2020). Now the rates are nearly zero percent. When you can borrow money for next to nothing and pay no federal taxes, you're going to put that money somewhere - hence stock valuations. Sadly, 58 percent of Americans don't have $400 in savings. Personal taxes for working folks are out of control, as they must pay extra for police, fire, schools, roads, etc., due to corporations not contributing anymore. At the end of the day, consumers are a must - and when consumers have empty pockets, the markets won't be far behind. The Feds can only keep the fluff going for so long. At some point, the piper must be paid.
We believe that the stock market will crash a short time before the election.
And it might be sooner!
Now, we’re warning that this current parabolic upside price trend near the end of Q2 of 2020 could be a massive setup for one of the biggest revaluation events we’ve seen since 1999~2000 ,(the last big bubble).
Our researchers believe a shift away from the global financial speculation that has driven a total global asset bubble over the past 8+ years will suddenly shift away from wild speculative euphoria and quickly transition into the realization phase of “uh oh, what have we done.” It is this point that we suddenly enter a financial distress phase where investors flee over-inflated assets to move into risk hedging strategies. Why do you think Gold has rallied to levels near $1800 over the past 4+ years? A certain segment of global investors has already had their “uh oh” moment.
The US stock market has gone parabolic because a very unique set of circumstances have come together at this particular time in history. Now, we have to deal with the current and future phases of this cycle and prepare for what’s next. Protect your open long trades and/or take some profits out now. If our research is correct, we have already entered the Financial Distress phase. Q2: 2020 may be the catalyst event, and that is only a few days away.
The Criminals that run the US don't want you to have any savings, food, home, health, security of even your Life!
The Fed is stealing your buying power.
This was The Atlantis Report.
Please Like.
Share.
Leave me a comment.
Subscribe.
And please take some time to subscribe to my back up 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!
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-91802252828670823092020-06-16T14:13:00.003-07:002020-06-16T14:13:48.635-07:00👉The Fed's Final Solution Buying Corporate Junk Bonds !!<i><br /></i>
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<i><b><br /></b></i>👉The Fed's Final Solution Buying Corporate Junk Bonds !!
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<i><b><br /></b></i>The Federal Reserve announced it would begin purchasing individual corporate bonds as part of its emergency lending program to inject liquidity into the virus-stricken economy.
And the stock market shot up on these news. Free market? What free market!
The Fed basically promised to backstop every shitty credit company in America and zombify the US economy.
The market is like a drug addict waiting for its next fix of stimulus, tax cut, or rate cut: private profits, and social losses.
The FED has announced they will buy any stock that is down until it is well, not down. Thank you for your understanding. The FED believes All Accounts Matter (AAM) and nobody will be allowed to lose on the long side regardless of intellect or lack of effort.
So a zombie corporation with flat or declining revenues can now sell its worthless bonds to the Fed, take the freshly created funny money and use it to back shares of its own stock, thus driving up the price. Of course, we all know the Fed isn't involved in goosing to the stock market.
The government is buying corporate bonds with our tax money. Let that sink in a minute. The Fed, which according to Goldman Sachs and Citigroup leaks, has said it will do anything to keep the financial markets whole (even as real people suffer) is doing just that. They're buying bad debt from banks and Wall Street.
Is anyone buying your debt as you figure out what to do during the pandemic. This is an oligarchy in plain view. Vote out their minions. The FED is bailing out CEOs and insiders.
Fifty billion in direct corporate bond purchasing along with purchasing corporate bond ETF's. The Fed reserve is the only buyer of treasury bonds for the first time in history. And now we have unlimited Q.E. This is what happened in Japan in 1989. The Nikkei stock market has had a slow bleed for 30 years, and cut in half from hit's high in October 1989
It actually never recovered from its high in 1989. EVER!!! We're destined to repeat that mistake (no, humans do NOT learn from history). Many will lose their money and never get it back. I'm on the sidelines. I don't care if it takes a couple of years to crash, but make no mistake; we're clearly headed there.
Of course, the Fed is the only one buying bonds. Who else would lay down billions in this environment, with all this risk, for 2-3%?
Let me see if I have this right:
1. Instead of a direct taxpayer handout, the fed will buy any corporate junk bonds to keep them afloat just so long as it helps prop the stock market up.
2. The fed doesn’t set a “target” for the stock market but won’t let it find true value and also won’t let it rise too uncontrollably.
3. We’re supposed to believe this is still a free market.
It is not surprising that markets will go up every day while the Fed buys up every debt. Accountability for companies is no more. I always wondered how the markets are up this much when last year we didn't have 40 million out of work and the Feds borrowing and printing daily! Yet markets go up every day with promises, lies, and no fundamentals. What happens when it starts heading down? It would be like an abandoned ship just sailing alone. It is going to be fun watching them jump ship when the bow turns downward.
The Fed Shouldn't buy corporate bands at all. The Fed doesn't have any money; they are using money from the treasury. They're essentially stealing money from our children to prop up their broken system in the present and ensure those already wealthy remain so.
This is going to end bad.
Real bad!
The system is allowing a company that filed for Chap 11 to issue new shares. That's how corrupt things are right now.
Where is the oversight? This isn't part of the Fed's mandate! We're robbing the future generations to backstop the elite. It's criminal.
What Fed is doing pumping stock market will result in Costco Toilet Paper more expensive than the US Dollar paper.
The Fed is now like the crack the market can’t live without. Looks like the market won’t test the lows and continue to fly higher. It’s very plain and simple, no stimulus big drops while the main street begs for money, Wall Street is burping from taxpayers' money. It is ok for social security to collapse cheating Americans out of money they have paid in their whole life. But we have an endless supply of taxpayers money to buy corporate bonds.
Just wait till they convert debt to equity. And the Government owns airlines, oil, manufacturing, retail dept stores,
Atlas Shrugged. At the end of the day, the FED owns everything, and we have nothing left but the stock market.
The FREE non-government controlled Stock Market.
Or is this the Zimbabwe Stockmarket! Pump it up, Powell. The 1%'ers must remain happy.
This is state-sponsored communism of capitalism. There are no free markets anymore, meaning it is not market but a forced bubble upwards by the Fed via Blackrock. It will end so badly for the US. The Costco Toilet Paper will be more expensive than the US Dollar paper.
And there you go. This morning before anything opened, the DOW was down over 600 to 700 points due to... whatever you want to put in there. The FED steps up, pushes a button, imaginary money is 'printed,' and the markets are saved; again. SCAM. I wouldn't put a penny in there.
Be careful, folks. This fake stock market is being held afloat by the fed pumping trillions of dollars and keeping interest rates at almost zero. This market is going to crash, and millions will lose their shirts. Only the insiders (aka congress) and big boyz will be safe. When the market crashes, you want a good back up plan—food and water for a start.
The FED (our) money is the money used to make more money for the wealthy 1%..it is used to save the market from crushing and to win the elections. In the end, we will have bankrupt companies with record market values, low-value US Dollar, and the wealthy 1% even wealthier.
The Fed is ruling peoples lives with their important interest rate decisions and money printing, yet still, people know so little about who they are, how they became so powerful, which banks own them, who are the majority owners of those banks, why the congress authorized them to print money in the past, which US presidents objected them, why no US institution could audit them except the congress but never done it! And the media don't help the people with these questions!
Some claim it’s because the Fed owners own most of the media!
There used to be 500 independent news companies in the 70s in the US, now there are only five big, which own everything.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
The FED knew the market was about to absolutely meltdown again this week, so MORE PRINTING! One trick pony. A great economy would rebound strongly. It would just resume where it left off; it wouldn't need trillions of dollars to prop it up.
It would be nice if the Fed could stay out of the market for more than one day. The Fed's bond-buying program looks good on the surface. However, this is why QE can create zombie companies. How do we know if those companies are the virus-stricken companies or the mismanagement-stricken companies way before the outbreak of the virus? I think the Fed should screen out irresponsible mismanaged companies. Let them go bankrupt. The Fed had better inject cash into other urgent places. If the Fed pours money into such zombie companies, we had better make all US companies state-run.
As the Fed prints more money, it goes into assets such as stocks, bonds, and real estate. Those with capital get richer. Working-class people who depend on their labor and not on capital get poorer. Donald’s elite economy is not the economy of the middle-class American worker.
This rewards speculators and destroys savers. We are all being forced to be rampant speculators, rather than prudent savers. Can this really end well?
Like a hot potato that gets hotter with time, someone is going to get stuck holding it, and it is not going to be a pleasant ending for anyone, nor end well for the last in line.
So retail sales were down a record of 17% in April, but the phony market was rallying huge because the crooked FED was buying ETFs tied to the S&P, Dow, and Nasdaq. What a CON GAME this is.
So much for a free market economy. At least they're telling us they're doing it. I wonder how it is fair for a company that worked to preserve its capital, but now it doesn't get government help and the companies that were run poorly do? Yeah, it makes great sense. Just pay unemployment and let the chips fall how they do. That's the free market for you.
Can't begin to imagine how much insiders are going to capitalize on this when they are tipped off on which stocks the fed is about to purchase. Anyone with half a brain knows it's already happening with the ETFs. I never want to hear again that we are a free-market economy, and the U.S. is not a socialist society.
The market is moved by the Fed, not by the performance of the companies, and insider from the Fed makes all the money, this is totally illegal.
I wonder how it's fair that the taxpayer has no say in which companies are helped and how much they are helped. It's the taxpayer's money!
If ANYONE doubted for one minute that the central banks (which include the Fed) aren't in this together, this should help clarify the situation. The 1% all over the world are having an incredible weenie roast, and the rest of us are the weenies.
I wonder if the Fed has taken into account the possibility of massive losses due to bankruptcy. The Fed can pump a year's worth of money into the system. Debt will NEVER replace sales. US companies will just go deeper and deeper into debt, as long as the Fed keeps the money flowing. Can't imagine how this is going to weigh on earnings for the next five years, if not longer.
Surprised we didn't go to negative rates, like the Japanese. That didn't work either. The market will figure itself out on its own given the chance. Once intervention occurs, it gets worse and worse because there's no more mother of invention to bring on to create new jobs to replace the old ones the government is trying to protect.
Federal "Reserve" bank creates reserves in the banking system - basically the authorization to lend money. This is essentially an increase in the money supply, and there is no theoretical limit to the amount they can create, but it is inflationary - more money into the same GDP implies it costs more for the same stuff. This flows through as either a systemically higher P/E ratio, if growth offsets the capital creation, or it's inflationary. Arguably, buying bonds removes them from the money supply pool, so it should be neutral, simply a shifting of capital infection from banks to brokers (not that they are terribly isolated/separate). Either way, it probably means a challenging market path to traverse. Hard to imagine this could be precisely managed.
So much for the free market. I Can understand government intervention to stabilize markets suffering from some type of temporary anomaly. But I haven't heard of any currently associated with bond ETFs.
There is no reason for the Fed to buy corporate bonds. This is just about keeping the market up. Let the market fall to where it should be, which is closer to the March lows than current levels.
Will markets ever be able to wean off of government intervention?
I am sick of hearing, "keeping the market up." I think They are doing A LOT MORE than just keeping it up; It's at All-time Highs area. This is Ridiculous!
I keep hearing Powell say Feds are doing what they are doing to support markets so they can function.
Why no reporter questions him on this and asks how they used to function BEFORE? There are instances in the past when markets corrected 20% or so. If it was a regular business cycle, then why is it different now?
Is it that now the top 0.1% are holding the stocks and back then it was the middle class holding stocks.
It is surely not because they want to protect jobs as nothing they have done so far has stopped job losses.
Unfortunately, the Fed caves into the barking of the White House. Trump wants a rocket ship, and he will get what he wants. Then it will bomb.
The Fed is doing more meddling in elections than the Russians could ever dream of.
Seems to me that government intervention is like mixing two substances in a centrifuge. Once the government is in the mix, it will be tough to separate it from these ETFs
Remember friends; corporations are people too! Taxpayers owe a big debt of gratitude to AT&T for the GOLDEN PARACHUTE for their retiring CEO. He certainly deserves a life pension of $247k/month.
Something people fail to understand is that corporate bankruptcy rarely leads to lost jobs. We are literally using taxpayer $ to prop up high-risk investments and provide golden parachutes for the CEOs. The side effect is that we have a bunch of day traders handing out advice like they are Warren Buffet while the man himself sits on a stockpile of cash.
How long until the US is in Japan's situation where Bank of Japan owns 85% or more of ETFs on their exchange?
Look at the Nikkei chart in 1989; it was at 39K, it crashed 75% and then never recovered even now at 22K, because the Bank of Japan was doing what Fed is doing now; pumping the stock market. Japan went into zombie depression. The same will happen in the US. Americans will hate the Fed and the Government. The Fed will be abolished. People will be so poor.
More bailing out the rich at the expense of the middle and lower classes. Everything our corrupt government does now is a bail-out to the rich.
This is called maintaining the status quo. The government's job is to maintain the wealth of existing wealthy people at the cost of the middle class.
Vote ALL the bums out. Democrats and Republicans alike. Find a 3rd party candidate and SEND A MESSAGE.
The Government helping private companies; isn't that called SOCIALISM? This is Socialism at its finest!
The Fed is state-sponsored communism of capitalism. The US economy is now a centrally managed bureaucracy. The FOMC is unconstitutional and needs to be abolished.
The real United States exists in the majority of the lower and middle class. And right now, the majority are hurting. Great swathes of Americans are struggling, with any dream of prosperity a far off fantasy. And in the meantime, the people who need the LEAST amount of help; the powerful elite who will never worry about having a roof over their head, or where their next meal will come from, are being further enriched on the backs of every American who does have to worry.
The word I have in mind is evil. This is pure, unadulterated evil playing out in front of us. I don't CARE where the money is coming from.
Trillions upon trillions of support are being fired at the stock market to prop it up to give the illusion of a strong economy. Imagine if a PORTION of that were funneled into healthcare, education, poverty.
This is evil. And those lucky enough to participate in this Fed-fueled rally are too blinded by greed to see or care. It's time to wake up and ask when did this country morph into something so grotesque? When did the free market die, and why did we let it happen? Why are we celebrating an elite few siphoning up all the wealth?
In the coming years, the rally cry won't be against systemic racism. It will be against the concentration of money and power into the hands of the few. That is where the real battle lies.
Now, if only the stock market was related to the average citizen. Unfortunately, this strong market is an indication of a lower standard of living for most citizens. Inflation is apparent to anyone who does their own shopping. A dollar doesn’t go as far, and most of us still aren’t getting raises equal to inflation. Eventually, they have to stop printing money, and putting it on the taxpayers, coupled with inflation or Wallstreet, will be a boom while the rest of us can’t pay the bills.
This was The Atlantis Report.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-4753830001665659072020-06-15T12:04:00.000-07:002020-06-15T12:04:04.980-07:00The Coming Pension Crisis will make the Pandemic look like a Party !!<i><br /></i>
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<i><br /></i><i><b><br /></b></i>The Coming Pension Crisis will make the Pandemic look like a Party !!
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<i><b><br /></b></i>The US pension plans warned they would run out of money by 2028. At the moment, a number of US public pension plans have barely recovered - if at all from the 2008 financial crisis - now to be hit with the continuing economic fallout from the corona-crisis and domino effect of historic unemployment. An alarming report in the Financial Times warns that seven major public pension plans are due to depleting their assets by 2028. The retirement crisis will make the pandemic look like a party. So many, for whatever reason, have no savings at all. They will vote to be helped. The Medicare trust fund will run dry as early as 2023. Payroll taxes and premiums will go up, while benefits will go down, or some combination of that. Social Security will use up the trust fund by 2034. The national debt is projected to be 50 trillion by 2030. We'll have to print more money, meaning inflation. No politician has even pretended to address these hot potatoes. I'm not saying it will all play out this way, but it is undeniable we will have many, many, many millions of seniors that will not be able to provide for themselves. Almost a third of Americans say they may never retire because of coronavirus hardships.
This country is in for a bigger crisis, with so many Americans having zero savings and getting older. The Social Security issue MUST be dealt with NOW too. It's due to run dry soon.
The Covid-19 pandemic has crippled economies all around the world. From healthcare disasters to black swan financial events, it has been quite some time since the future has seemed so bleak. The politicization of the virus is the problem. And all meant to destroy the economy.
According to a story originally published by CNBC, this widespread financial strife has caused more than one in four Americans to raid their retirement savings.
"40% of Americans Have Less than $1k" and "75% of Boomers Have Less than $10K for Retirement" and "Boomers STILL Carry More Debt than Investment and Savings. Only about 10% of the working population has ANY savings to speak of. This is the only generation less prepared for retirement than they were even two years ago. A 2018 study by Northwestern Mutual reported about 1/3 of people nearing retirement had less than $5,000 saved for retirement. As a society, we are not generally well prepared for old age or retirement.
Yes, some people grew up with smart money parents, others did not, so we had to learn on our own. Teaching money management and
financial investing, a good budget, etc. is absolutely necessary.
These are survival skills that an educated society should provide their citizens....don't leave it up to chance or we will pay the consequence.
ALL Americans will retire. It just depends if it fits on your terms or not. At a certain point, after being let go and unable to find another job, you are retired.
If you're self-employed, you can work as you want. Some folks go till they drop. If the pandemic accelerates, "retirement " will come with an oblong box or cremation.
You may plan to never retire, but believe me, you will for one reason or another. Start saving money, cut the cable bill, the telephone bill, the vacations.
Don't buy an expensive car. Believe me, you will retire someday due to health issues or just because your employer wants a worker who is younger, healthier, and will accept less money than you.
A lot of people will likely be forced to retire. A lot of jobs will not come back, and when they do, you can bet older workers will be the last hired.
Corporate America has no need for you past age 60. Many of the 55 - 60 years old are being forced into retirement early because of the virus. They have been laid off with no chance of being rehired. They don't show up on the unemployment numbers, but they are here. The unemployment figures are false and much worse than indicated.
By 50 years old, you should be prepared for retirement. I can't believe how many people think they can start saving for retirement "later." "Later" is promised to no one, stupid not to start immediately. Besides, wealth is a function of time and money, more time, less money, less time, much more money (contributions). Time marches relentlessly on, it can either be your friend or your worst enemy. I know many folks 50 and up that were laid off during the great recession, never to have found a decent paying job again, and the same is going to happen again now. Then you've got a significant chance of becoming disabled due to illness or injury. Maybe your body just gives out you can no longer do your physical job any longer. If you've waited, it's too late now. If you want to talk presumptuous, it's assuming you can save "later."
THE PROBLEM IS NOT THE VIRUS BUT MONEY MANAGEMENT. IF ONE IS NOT TAUGHT AS A CHILD TO RESPECT MONEY, THEY WILL BE AND STAY POOR. If one event can ruin your retirement, then you didn't plan very well to begin with. The simple truth is 45 years is either a lot of years of good decision making or a lot of years of poor decision making. There's going to be a huge spread between the 65+ haves and have nots.
It seems each new generation becomes lazier than the previous one.
They want more entitlements, but they're less productive.
The newest working people, those just graduating from college, got a good lesson of what living paycheck-to-paycheck will do. Hopefully, they will understand not having a subscription or two, having the newest smartphone to order your coffee and leasing the BMW isn't so important if you have zero savings of some kind.
If you are working and unable to save at the very least 10% of your pay, then you are spending too much. Or you're not making enough. Saving is not a hard concept. Savings takes self-discipline. The key was (still is) don't spend a lot of money on depreciating assets like cars and clothes. You gotta live within your means and save for the rough times.
People were crying the second week out of work with no paycheck.
These people are obviously doing something wrong!
If 2-3 months laid off, and possibly making more in unemployment/stimulus money has ruined your retirement, you were already a financial wreck before coronavirus.
Simple rules:
1) Live below your means - not just within your means.
2) Purchase items used if possible, such as a car. I only purchase used cars and keep them for 5-7 years. I do purchase new cell phones, but I keep those around three years on average.
3) Have at least three months of emergency funds. More is better, but three should be the minimum.
4) Invest early and often.
5) As you get older - and closer to retirement - slowly switch a percentage (40-60% depending upon your specific circumstances) to more secure investments.
6) Take on as little debt as possible. I do not know what my credit card rates are as I always treat them like cash and pay them in full each month. I only take on debt if it makes sense financially.
Regardless of your income, it is possible to prepare for emergencies and invest in retirement. It simply requires discipline to do so.
Should have had some emergency savings in place to sustain you for a few months WHEN the economy goes south. If you're holding a nice smartphone, drive a nice car, and live in a house you couldn't afford, then you only have yourself to blame for having to work until you drop dead.
Live within your means, plan for the future, and don't count on somebody else to come along and support you, because they (probably) won't.
If you are having trouble making ends meet, here are a few tips.
-Cancel unnecessary subscriptions, cable TV, Netflix, prime, etc...
-Shop around to save on monthly services like insurance, phone, internet, etc...
-Buy second-hand items whenever possible: cars, furniture, clothing, cell phones, etc...
-Buy the lowest-cost, smallest house that meets your needs (not your wants).
-Cut out unnecessary spending on restaurants, coffee shops, etc. Make your own meals, do the brown-bag lunch thing
-Don't spend a lot on gifts. Make your gifts. It's lower-cost and more meaningful.
-Don't do stupid stuff.
-Shop around for a better paying job. Compare total compensation, including wage/salary, 401k contribution, HSA, health insurance. don't include BS benefits like pet insurance, free massages, or other things you don't need.
-Don't buy pet insurance or spend a lot at the vet.
What this virus has exposed is the lack of an emergency savings account and basic financial planning.
And stagnant wage growth for the last decade has not played a role! When a person has no cushion, Covid-19 doesn't make much of a difference.
Boomers do have one advantage, though. Our parents grew up during the Great Depression, so the idea of savings was drummed into us during our childhood. It doesn't mean every boomer learned, but many did.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
The pandemic did not create the "retirement crisis," it has been there all along. And the Federal Reserve Bank is not helping millions of retirees being made complete fools of with money in banks and credit unions at around .01 percent interest. They are being robbed by the Fed to pump up Wall Street speculation into the latest balloon. This is not going to end well.
If the "Fed" stumbles and falls, which I think that it will, the wealthy will just run away from the Hindenburg Finance Disaster and just create another scheme, probably "digital" this time.
Hardly anyone "saves" what the privately-owned Federal Reserve Bank can just create more on in minutes on computers or taking a while longer, printing up debt "notes."
Most of us, myself included, will get badly hurt if this grand scheme of paper and computer digits crashes someday.
The money given away by the government this year will reduce the value of your retirement savings by 20%; REAL inflation is that huge.
The weak financial condition of seven US public pension plans threatens to deplete their assets by 2028, leading to severe risks for the living standards of thousands of American employees and retired workers. Many US public pension plans had not fully recovered from the 2007/08 financial crisis.
As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or lifetime payments from their pension could boil down to one factor. Whether they think the employer will be able to meet its long-term commitments.
There are over 5 trillion dollars in 401k's, and you can bet the government is absolutely salivating over the possibility of taxing it or even confiscating it "for the greater good.
Using 401k law to fund retirement has always been perilous. While the current stock market drop is understandable, many market swings seem baseless, and the result of both can and do ruin retirement plans with no fault of the retiree.
There should be a law that companies must contribute to a funded retirement plan run by the Federal Government. In most developed countries, something along this line is done, and since all those countries and companies within those countries figure out a way to be competitive, we should be able to figure it out also.
Last, the law must include a provision that the Government cannot use the funds for any reason other than to disperse retirement money.
People have spent 40-50 years applying themselves. At what point do they deserve to start living? They gave their best years to this country, and in return, it spat in their lap. The elderly should be taken better care of in this country. They spent their entire lives working for corporate America. It's time for Corporate America to pay them the thanks that they deserved. That pitiful living wage during their best years is not enough.
A lot of working people don't realize how much of a burden debt is as it's become a way of life. Maybe this pandemic will make us realize that just because we want something, it doesn't mean we have to get it. Freedom from financial stress is what we should aim for.
Let's be clear. Not only were Americans not financially prepared for a pandemic, but Corporate America wasn't either. How many businesses, both big and small, are shuttering their doors. Businesses couldn't afford to keep paying employees, rents, etc. any more than the average American could keep paying for their basic expenses either. I hope the finger-pointing and BAD CREDIT judgments get reined in.
Being a consumer-oriented society, we have been pushed to the limits to spend. A capitalist nation depends on the consumer to spend and spend more. However, recently, due to the ongoing lack of confidence in our economy, many people have turned to save instead of buying for buying's sake. This has sounded alarms in corporate boardrooms. Their goal is to get spending back on track.
Larry Kudlow mentioned that the retail sales numbers would be great for May. But, he failed to include that much of that spending was done with stimulus checks. He also didn't state that credit card spending was also up. People are resorting to Credit Cards instead of cash savings. What happened when the stimulus ends and credit cards get maxed out?
The pandemic brought an important lesson home to everyone. It has taught us that anything can and will happen and not always good. You plan a budget, then try to stick to it, set aside some money for emergencies, and prepare for the future. Generation X's have a long time to retirement, so they have time to recover from the downturn in the employment market.
It will be slow at first. I think we'll be told one day to thank God our president is saving the economy by issuing new, strong money. We'll be told our non-patriotic old money will not be good after a certain date or after a bank holiday. At that point, if it happens, spend ALL your old money on food. After that, I can't tell you. Good luck! Save money. Money talks during a disaster, including finances.
Most people put way too much faith in the stock market. Quick gains also open you to quick losses.
Buy gold, Silver. Stay away from this market for now. Just wait for the burning smell of speculators to get a sniff of what is heading our way. Markets are way overvalued and will see a massive fall. There is no justification for stock prices when the entire nation is still suffering from this Virus. It is not going away because Trump says so. We haven't seen anything yet until the fall, which is only 16 weeks away. This virus will haunt us again worse in the fall.
The FED response has been almost criminal yet continues to persist. I think we may finally be at the breaking point of this fiscal policy since too many people are using it to speculate on values going up no matter what based on FED support, which has created an enormous bubble that can only be addressed by either reducing support, or a massive collapse.
A 2nd wave is guaranteed here in the states.
The second wave of virus + Riots = stock market's doom.
This was The Atlantis Report.
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Stay safe and healthy friends!
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-66148336197721660502020-06-14T13:14:00.001-07:002020-06-14T13:14:49.201-07:00👉 The Stock Market due for a Crash , Facebook releases Libra , The Fed behind the Robinhood App !!<i><br /></i><i><br /></i><i><br /></i>
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<i><br /></i>👉 The Stock Market due for a Crash , Facebook releases Libra , The Fed behind the Robinhood App !!
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<i><b><br /></b></i>There are no investors in the stock market; there are only gamblers. The only reason you buy a stock is because you think the price will go up, and the only reason somebody is willing to sell you that stock is because they believe the price will go down. One of you will be wrong, but by the time you figure out who is right and who is wrong, one of you will have cash in your checking account, and the other will have a piece of paper called a stock certificate.
Apparently, every generation has to learn the hard way about stock market bubbles, and now it's Generation Z's turn while they're stuck in lockdown with their Robinhood app. But, this stock bubble is exceptionally obscene when the real unemployment rate is over 20%.
Always arriving but somehow, never getting there. It is a sucker's market, folks. It is rife with amateurs buying bankrupt companies, companies heavily in debt - all in the middle of a Recession (more like a depression), under the belief, that you buy low and ride the crest to the top with this supposed, "V" recovery coming! Meanwhile, the seasoned investor is out there, knowing fully, that all hell is going to break loose and it is going to be an "S" recovery, with a highly "juiced" (by the Fed) S&P to give the appearance, that a recovery is in full swing. Run the other way, or you WILL LOSE your shirt!
The Federal Reserve is what really propping up the markets. They went on a buying spree to purchase billions in corporate bonds to save corporate America, mostly through ETF's. In fact, Blackrock, Inc. recently came under scrutiny for its cozy relationship with the Federal Reserve, who has bought more stocks through them than any other asset management firm of its type.
Now they started buying corporate bonds through ETFs.This will most likely turn like Japan, where the Fed is buying stocks. Stimulus money always ends up in the market. Corporations are buying their own stocks with the free money.
The FED just injected 5 trillion and bought every failing asset in the US. The Fed can basically do whatever it wants with no consequence to the Fed. The consequences will fall on the rest of us. What else is new? Nepotism. The US taxpayers will be responsible for paying the trillions in additional debt.
Why has the stock market soared? Because originally, the Fed has supplied cash to bolster the economy. However, stray cash is going into the stock market. Also, human beings' greed has been overriding all kinds of concerns about the dismal economy. Greed has created rampant speculation. Therefore, all gloomy economic indicators are meaningless to people. Actually, they have intentionally turned away from the gloomy data, seeing what they want to see. This is why the stock market has been skyrocketing, even without the recovery in the economy. The oversupplied cash and greed have separated the stock market from the economy.
The Fed's prime directive is to maintain inflated high stock market prices to continue the Trickle Down Economics, while publicly denouncing the trickle-down concept.
I look at buys on these companies.
No way individual investors can buy 100000 shares of these stocks. The money involved has to be from institutions. How anyone can't see that is beyond me.
Fed working low volume at night bidding against themselves. Your tax dollars at work. People have figured out the pattern buy at closing sell in the morning.
Just to be clear, we are still in a bear market. We just had the bear market rally. Implied P/E on DOW is almost 25. We have a long way down to go.
Everyone knows the market can't go up another 10% this summer, the Fed stimulus is factored in, and so this will all die off, and we'll start seeing the more typical market actions with the occasional pop and drop on some news. The stock market is amoral and has no care for anything except profit.
I just cannot see how this is sustainable when it’s fuelled by a Ponzi scheme. If the market keeps going up, then I would bail out in October before the election. It just feels like something is going to pop a relief valve this year.
It looks like it is finally time to short the market.
Robinhood is probably none other than The Fed and their magic money printing machine.
A clear sign we are on the verge of The Great Reset.
Bizarro Robinhood App is rigged to steal from the poor and give to the rich through stealing their trade data and selling to Wall Street to further manipulate on their Not Level Playing Field.
These commission-free trade apps are designed to steal from the poor and give to the rich by selling their data to Wall Street.
How do we know the Fed hasn't figured out a way to open a million individual trading accounts with Robinhood? Buying stocks directly now, are we?...
The Robinhood meme is being used to generate FOMO. Don't be fooled by the propaganda. It's a honey trap.
When the elite let you into their rigged game, it´s because they need suckers before the plug off.
All these retail gamblers will end up squeezed.
This is what happens 90% of the time to gamblers:
tiny win, win, win, big win, huge loss. GAME OVER. Thanks for playing.
The Fed is propping 401K and retail. This time the suckers are winning.
As of June 10, the S&P 500 was up nearly 1,000 points since its low in late March. There's a lot of economic uncertainty abounding these days. The US market had soared about 30 percent since the trough, driven in part by record amounts of the central bank and government stimulus, leading to worries the rally had become too detached from economic reality.
In the face of a breathtaking disconnect between Main Street and Wall Street, largely based on overconfidence in free money, my sense is that there remains a crisis ahead that will emerge ‘gradually and then suddenly.
Things go up until they don’t. I’m more bearish than ever right now. So if the momentum changes, there will be nothing to support these overpriced stocks. In other words, get out before the rest. Never try to call the top or the bottom. We are much closer to a top than a bottom, so the greatest risk is to the downside.
They NEED MORE TAXPAYERS MONEY TO BURN IN SPECULATION AND SHORT SALES.
THE HELP GIVEN RECENTLY ALREADY went up in SMOKE! We are in a recession already. Forty-two million filing for unemployment- bailouts for everyone. Five trillion deficit and plenty of failing businesses.
The V-shaped recovery is no longer likely. I think reality will sink in around the end of the 3rd quarter when the extra unemployment benefits run dry, and unemployment is still high. I think real estate is in for a big shock between now and year-end. Logic has left the market when people think Hertz is still a buy.
Fabulous and permanent losses coming for inflated B.S.market.
It is going to be catastrophic for we the people, as every 401K in the country is tied to these stocks. Not to mention the Pension Funds in general.
EVERYTHING in this market is RIGGED FOR THE RICH!!!!! WAKE UP AND LOOK!!! THIS IS NOT A FAIR MARKET IT IS RIGGED FOR THE RICH!!!! AND STUPID PEOPLE SUPPORT IT! If you hold any of the stocks, you better sell them fast.
I would stay clear of this market. They will steal your money. It is all digital. They see you, worse than a casino. You are not in the Illuminati insider trader mafia; they will steal your money. Charts change direction as soon as a pigeon (non-mafia person) “invests” with the market scam.
IOW, all of the 'algos, quants, BTD, data analysis, charts and graphs, ad nauseum' were horse manure.
Only really long involved and huge money players like Warren Buffet and Carl Icahn and their ilk who occupied the rarefied atmosphere of finance ever made any real money. And that was because of their longevity, their access to insider information, and their reputations as 'financial geniuses' and finance-world A-listers. Kinda like how Tom Cruise and Steven Spielberg are Hollywood A-listers, whose longevity, records of success, reputations, power, etc. give them access to the money and resources for movie-making that some bit-part actor could never achieve.
IOW, the whole finance game has for many years (since the cabal gained total control over Wall Street and our government) been a rigged casino game in which only the A-lister power-players win. And the rabble retail investors in fly-over country lose.
The 'data analysis, algos' and all that other horse manure were just bright shiny objects to make the rabble think that the game was clean and not rigged and that they had a chance in the investment game.
I have one tulip-bulb that I will sell for two riverside town-houses!!
Everyone seems to have bought into this "Fed will save everything" and "it will be a repeat of 2008" mindset. The issues I have with that are, in 2008, the Fed stuffed money down the throats of big business and fattened up already fat accounts so that their books looked good. Once the crises were deemed over, those corporations used that money for buybacks and various other schemes to boost the stock and enrich the upper management. Today the environment is much different. Instead of fattening up accounts, the Fed money is being used to keep corporations solvent, and much of it is being rapidly spent. Corporations are taking in massive amounts of debt to add to the already massive amounts they racked up with their self-enrichment schemes. All this debt will weigh heavily on earnings well into the future. Bottom line is, if "Investors" are "betting the house" on a Fed fueled explosion after this is over, they may be disappointed, as the money to do that has already been spent...
People say that the market is a forward-looking indicator and always rallies six months before an actual turn in the economy. The truth is that it is almost perpetually in rally mode, and like a broken clock ( hit and hope), it eventually gets it right. We may still find ourselves testing the bottom.
The main driver of stock prices is supposed to be earnings and revenue. This year's earnings for most companies will have a significant decline. Many company's earnings in 2021 will be lower than their earnings were in 2019. In the near future, the big players will reverse and start shorting the market and push stock prices down.
Spikes in every state reopened, and we have yet to see the effect of the mass protests. Earnings are the core driver of stocks over the long run, so this short-run speculative bubble that has been created will soon pop. Hopefully, you did what a lot of people did on Friday and take some profits and put some cash on the sidelines. I wouldn't want to be a margin trader in this market, and no, just because you defy all logic and your stock still goes up, that doesn't mean you're good at picking stocks. That just means other gamblers are playing the same losing bet.
No bear market. No bull market. This is a kangaroo market. Pullbacks and rotation by those faceless criminals! Where is SEC now?
The only way to stop robbing pullbacks is to investigate and arrest those criminals (the worst kind - those big trade firms) behind selloffs and meetups. So-called market is the kind of Ponzi scheme, as old and dirty as, if not more than prostitution.
Our whole market is smoke and mirrors.
Stocks of bankrupt companies going bananas despite companies being broke.
USA service economy, will not give real jobs to real people.
Businesses aren't paying their rents; landlords aren't paying their mortgages.
Fed is propping up the banking system while forcing everyone to pay their debt. Forbearances are coming to an end soon.
Let the banks fall and restructure them later. We need a debt jubilee. We are running out of options.
Rebuild the middle class and give them some wealth by letting them stay in their homes.
This is the reckoning of over 30 years of stagnant wage growth, stagnant purchasing power, the destruction and outsourcing of good-paying jobs, industrial de-investment in the U.S., debt pyramiding, market manipulation, central bank planning, speculative stock investing, the ability to borrow money on the cheap, massive wealth consolidation in the form of inflated stock and asset prices.....
All leaving our economy in a fragile state and the average worker most vulnerable to the pain of a collapsing economy.
The world's wealthiest and most powerful country (we keep telling ourselves that) couldn't figure out a way to keep 40 million people employed.
What an embarrassment.
Aside from that, If you want to ride the madness and make a buck out of it. Facebooks Libra coin just got released 1 hour ago! You should get some fast because they have a sale at the moment, but it could be over soon because everyone is buying in.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
Where would the market be if companies' policies not dictated by stock price, no stock buybacks could be done, and QE was not 6-10 trillion dollars, and some type of common accounting practices were actually used. I want to say the market would be around SPY: 40-60. I think its like 300 now. Got as high as 330. Just kept going up and up and up. No chance to ever get in. Because when it does go down two seconds later, they come with the firehoses and dump a shitload more money on it. You have like 2 minutes to make a buy before its right back to where it was. No thanks! Rigged Casino, with algos, front running bid and ask. How can it even be called a market? It doesn't even resemble one. It is just some tainted fake ATM that just spews out fake cash nonstop.
The heart of the problem lies back in the '70s when the Fed, along with Republican and Democratic senators pushed bank "reform," which just repealed major acts that regulated the banking industry, monopoly laws, etc.
Along with this came the removal of the gold standard in 71, which then started the printing frenzy, and the stock market exploded (alongside gold, unlike now).
The QE/Stock buybacks/TARP is just what happens when the tide rises, and the rats start to flee the ship. It is essentially the beginning of the end of the US dollar as a global hegemonic currency. If you got rid of the buybacks, QE, etc. you would just prolong the inevitable by a few decades, but the rot is still there. The FED still has complete control, still unelected, still deciding how much money to pillage from future generations to keep the system solvent.
The algos and High-Frequency Trading are just one way the large institutions can further steal down the chain.
The Fed steals and sends the money to the banks. The corporations steal by getting credit with little interest, pumping corporate paychecks, and paying 0 taxes. The algos steal even more blatantly by getting essentially premier access to the stock market.
If you think Forbes 100 is correct, think again. I'm 100% certain there are individuals walking in the US today whose net worth eclipse Bezos and Gates, yet no one knows about them. Think about being in control of where $5 TRILLION goes to. How easy it would be to send just 1% of that money through various entities to a private bank account in the Bahamas.
COVID 19 is about engineered economic collapse meant to accelerate bringing in the new monetary system. The new system is not currency; it is a credit system that will give the elite even greater control. The goal is control, whereby humanity is transitioned from freedom to slavery. If you know anything about the present financial system, you know that is already the case; however, the new system will be many many times worse. By cooperating with the COVID narrative, we are accepting a slave system that the vast majority cannot even comprehend at this point.
The next President will be blamed for our out of control debt, the high unemployment, etc. If I were Biden, I think I would say no thanks for the opportunity, but I'll pass! Let Trump deal with the mess that he has created!
Many have fought the Fed; few are still alive to talk about it.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-68420317262733206962020-06-12T16:32:00.000-07:002020-06-12T16:32:00.150-07:00👉Bankrupt Hertz Stocks up 50% -- Day Trading Madness !!<i><br /></i>
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<i><b><br /></b></i>Hertz stock went up over 50% after the company announced on Thursday its plans to sell up To $1 Billion In new bankrupt stock.
After announcing the opportunistic sale of newly bankrupt shares, "investors" are bidding the rental car company's stock up 50% this morning and back above its pre-bankruptcy levels.
You CANNOT make this stuff up. Beyond corrupt and out of the box insanity. Peak Stupidity and Insanity.
Hertz up 25%+ next week, bet on it. Robinhood Autists will buy it with both fists.
This is a bet that stupidity exceeds infinity, and one guaranteed to pay.
This will be epic. They will clean out the stockholders, dump 80% of the cars, all the insiders will pay themselves handsomely, then the debt will get a restructure, and fresh stock will be issued again at $20 / share IPO (of course after the insiders give themselves a large chunk of that fresh stock block).
And the public will buy it with both fists.
If a consumer ran up a debt on a credit card knowing they're about to claim bankruptcy, that's fraud and can be prosecutable. But
Corporate Welfare Socialists get away with whatever they want with Wall Street and the Banks.
Every big corporation is now literally "Too Big To Fail" and "essential." Total Corptocracy is what the USA has devolved into. Absolutely no moral hazard or accountability for anyone but the sheep. Nothing changes until the guillotines roll.
We are in a bubble right now; the only thing that looks good is the stock market. But if you raise interest rates even a little bit, that's going to come crashing down.
We are in a big fat ugly bubble. And we better be awfully careful. We have a Fed that's doing political things by keeping the interest rates at this level.
The Fed is not doing their job; the Fed is being more political than Secretary Clinton. By the way, those were the words of candidate Trump in 2016, not of today.
Stocks are up because our counterfeiting Federal Reserve keeps digitizing dollars and that trillions of newly "coined" currency have to go somewhere. Well, it goes into the stock market - pure and simple. What a grand scheme.
Seriously, has no one noticed that Trillions were just stolen from citizens and handed to the bankers?
The Fed knows we are screwed. So blow bigger bubbles to try and make this mess go away.
Why the hell do you think it's going up?.
The FED robs from the poor to give to the rich. They gave the common man $1200 to look the other way.
This market such a joke. So many of us have our retirement funds and 401k's invested in this joke of a market. The stock market is no longer about anything. Hertz files bankruptcy, and people are still trading their stock. It was up 888% in 3 days, then down 60% in a day or two, and now it's up to 50+% today. The robin hoods are buying Hertz, hand over fist. I think that they think that Chapter 11 is the one after Chapter 10. The same thing with Chesapeake energy. Another bankrupt company that saw its stock jump from $17 per share to $72 per share in a matter of a few hours only to drop right back down to $17 in a day. With days like yesterday, a week's worth of gains is wiped out in a day. I just don't see how equity buyers see any value with the debt so high. The bondholders are going to take a haircut too. Until the Robinhooders are gobsmacked by reality, this lunacy will continue. What if the FED is doing this with its own Robinhood account?
Anything is possible in this crazy world now.
I see the fraud is widely prevalent in the system. There were 100s of bankrupt companies kept trading after filing BK11, and eventually, it became 0. There are many companies insiders manipulating stock prices ( maybe shorting their own stock through 3rd party, spread the bankruptcy rumors, cover it at the bottom for pennies) In many cases, there retailers trying to fight out this nonsense ( without any oversight in this wild west ) to pull their tail out of huge losses somehow. Hence they buy up stock to cause the shorties to cover at higher prices.
There are literally 100s of companies stock manipulated like this in the past while SEC is sleeping at wheel or watching.
Come on now. What fun is left in the world if you can't pretend to be a bigshot day trader investing in bankrupt companies that are issuing stock!
Truly the world has gone crazy.
The greatest economy in the world, 100% backed by retail bagholders and funny-money wizards.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
This market is not normal. DJI went up 4000 points in a month. That's a lot of profit to take off the table. After yesterday, people are going to take profits on any bounces. Markets are still overpriced. The old pump and dump surely to happen.
The rich got all their losses back and knew when to pull the plug. Super fishy market going on. There was no stopping this market a few days ago.
A classic market manipulation, how do you think they're stealing your meager capital. The America I knew, has rather changed. Now it seems that the horn of plenty is only open those who own stocks. I once remember the horn of plenty was open to hard-working Americans, who held down jobs for decades.
Issuing endless debt, taxing capital, and consuming it, and printing “wealth” out of thin air definitely works. Definitely, it does not matter what they do - because the real economy is not recovering. And they can't continue to print money at this rate without making the dollar worthless. You cannot use sand as a currency when you live on the beach!!
The Fed is, was, and will continue to prop up markets.
Right now, you've got day traders pumping things up due to low volume, and you've got qualified investors cashing in to close out positions and banking profits. The large scale investors have far more money and shares invested, so the stock drops much faster when the big boys start cashing in. Can the Fed really fight this massive exodus from equities and keep it propped up artificially? Everything is possible, even the impossible.
Bankruptcies are the new growth industry, so why not take advantage.
This market is not for those who believe in fundamentals. The economy NO longer matters ... NOR does the real economy ... NOR sky-high unemployment. All that matters is that wall street reelects trump. He is "The CHOSEN ONE."
You can fool some of the people some of the time, and that's enough to make a decent living.
Ever since the Dow was DOWn around 18k, the FED PRINTING PRESS has been in OVERDRIVE. Awarding stock market gains to the wealthy by way of taxpayer debt. Anyone surprised?? How long can this game go on?
Stocks should keep moving higher unless the fed's printing press breaks down.
It’s all about Program Trading. The stock market is not the leading indicator of the economy anymore (that's now an old economic theory). It has been taken over by the algorithm-driven program trading (Math/AI models), controlled by 20-30 major financial services companies (hedge fund, brokerage, private equity, etc.). These models decide the daily swings of the market. When the models are in tandem, the market generally stays up all day long (as was the case today); when they conflict, some wild swings come into play. Obviously, the central news and events are heavily weighted in those models. Of course, while the other professional day traders play along with the trend, they hardly influence the direction of the market anymore, contrary to the conventional wisdom or belief.
There are people who buy just to be buying. No fundamentals left, just roll the dice. That what I see people doing. The market has been overvalued since 2015.
I think if people ever start looking at the company's data and start following the market fundamentals and taking a realistic look at the economy, the market will fall over the summer.
Never in history has stock prices been this disconnected from the value of the underlying companies. At some point, the reality is going to set in -- and it isn't going to be pretty. Gotta be crazy to put money into the market right now with the first little blip of a second wave of coronavirus cases right around the corner. All physical Retailers and theme parks and restaurants and hotels and airlines and cruise lines and theaters and sports are all toast.
Most small businesses that require people are toast.
The market price is in the ionosphere, and most companies, 90% or more, will see revenues and earnings decline for many years.
Its just reality, and there are few places to hide now. There is not one good reason to buy stocks or bonds.
The pace of unemployment historically high, FED and Government debt at all-time highs, household debt at all-time highs, FED forced to bail out banks (again) with unprecedented QE and Repo Loans, civil unrest in the country with protesting, looting, rioting, and killing, after limping through the weakest recovery and expansion in history. The U.S. economy is sinking deeper into the abyss. This is what the FED has created. Donald Trump has not drained the swamp. He has made it deeper. What the Fed has not mentioned is the precarious position banks are in right now. Bankruptcies are coming, and some big banks are going to lose their shirts. Remember Lehman Brothers? Get ready for round 2.
I am looking at a run on most of the US banks, especially if this COVID-19 increases starting this summer & Fathers Day & huge riots in the large cities. Already took out everything from the safety deposit box - not covered anyway by FDIC. With the Money Market Reform Act, you won't even be able to withdraw what little money you may have left in your bank, savings, or retirement accounts.
It is not a matter of if it is when is the only question. The titanic is getting set the music is playing, but we are hitting a solvency iceberg. Debt unwinding is coming.
The America, as we knew it, no longer exists. Get right and sit tight; the worst is yet to come.
This is worst than in 2008. We have many more unemployed. Car loans, mortgages credit card debt are all going to be in trouble. That means banks and car dealers and so on and so on. I see a recession for 2 to three years.
The market can never survive normality again - it will just be FRAUD until there is NO market!
Fraudulent, open blatant corruption, and shameless cheating.
The stock manipulators do what they know how to do.
They add nothing to the wealth of our nation. Crazy speculation works until it doesn't.
Calls Puts Naked shorts are a life of their own. The curtain has been pulled down on the Wizzard in the emerald city.
The economy is gutted. We are on the verge of war with China. Our cities are being torn apart. And nothing will stop this meteoric stock market rise until November 3rd, 2020. Then comes the trump dynasty. It kind of am reminds of the Romanoff's, and we all know how that ended.
The whole stock market is complete utter trash fabricated to benefit only the wealthy and screw the poor.
They get the laser speed trading while poor puny bastards are using 4G internet trying to catch up like Robinhood.
Front run every trade!
A few cents times, billions of trades per day adds up!
Computer programs run the markets. Not you. All they care about are making money and making money. You are who they make money from. They're not going to let you go anywhere.
The Markets have morphed into video games.
This is a nothing market.
The only way to win is not to play.
Only a moron would play this casino. If we went back to the gold standard, we wouldn't be trying to spend all our time speculating. We would be inventing stuff. Our economy became financialized by fiat - imagine all the Wall Street jobs that would go if we returned to the gold standard.
Robinhood won't order fill unless you are a cent above ask and a cent below bid. Better yet, they then sold their order flow to HFT players, lock their players into dark pools, and then block withdraws.
Oh, did I forget their clients are not even buying real stock. Their just buying a digit inside Robinhoods computer. Their trades don't even go out to any exchanges. Oh, this one even funnier they just shut down selling while the market routs and their indexes are like 2% off the real market.
The rest of the brokers are probably blue with envy that their frauds are modest in comparison. That's the power of free. Save your commission.
Oh, just in case you want to make it even better, you can invest in a company that's bankrupt, like Hertz. What a deal!
This is how the scam works. YOU buy say one share of a company - $1300, which is fine. But the order never gets to an exchange, and you never owned the stock. As the price climbs on the aggregate across 1000's of share buyers, millions of dollars flow into Robinhood. Then they simply watch the futures and shut down while the market corrects. Because nobody can sell while the price falls. Robinhood keeps the arbitrage spread of the price fall. That's why they'll always shut off while the price falls. Once the price falls significantly, the trading is reopened, and the client is now staring at their losses. So they sell.
Robinhood credits them the difference (loss). Plus, they also squeeze the client a penny spread above ask and below bid, which is more % in their pocket.
Aggregated over the 10's of millions of traders, they are making 100's of millions off this.
Oh, if that's not insulting enough, the HFT's see your order flow and their algos squeeze a penny here and there out of the whole thing.
Surely the SEC will get after them for their accidentally on purpose shutdowns? Just kidding.
The fine is never as high as the money they make off the crime. Isn’t that what they say on Wall Street?
I have never witnessed such blatant corruption in my life. What a disgraceful situation these bankers have created.
Buy land, silver, or gold. I am trying to get out. Stocks are not worth at all. You can lose all of your money, definitely not investment. It is worse than gambling since it is all digital; the Mafia sees your hand and steals your money.
Gun and ammunition stocks. That's about it for now.
This was The Atlantis Report.
Please Like.
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And please take some time to subscribe to my back up 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!
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-39208156286857766062020-06-10T14:10:00.001-07:002020-06-10T14:10:20.194-07:00👉Monetary Reset & Economic Collapse worse than The Great Depression<i><br /></i>
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<i><br /></i><i><b><br /></b></i>👉Monetary Reset & Economic Collapse worse than The Great Depression
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<i><b><br /></b></i>As America continues to implode from within, The era of the dollar’s exorbitant privilege as the world’s primary reserve currency is coming to an end.
The U.S. living standards are about to be squeezed as never before. We import everything, and the only things we export are wars, mortgage-backed securities, And The US Dollar.
Our nation's wealth is being drained drop by drop because our government continues to mount record deficits. The security of our country depends on the fiscal integrity of our government, and we're throwing it away.
The Contraction of GDP is currently, WORSE than that of the Great Depression, which then stood at 33 %. TODAY, contraction of GDP stands at 50 %. We can safely conclude that we have entered into the GREATEST Depression, EVER!
Our national debt is going to eventually catch up with us, and it will be painful for all, and this has been a long time coming. Just how much money do you think The Fed can print without other countries balking at buying our over-inflated notes!
The world is also tired of the US threatening to ruin their economy by the Dollar if they don't tow the US line. Gold-backed currencies, decentralized cryptocurrencies and trading commodity for commodity is the way around that. Settlement in the US Dollar has dropped in recent years when it hits fifty percent. Its days as the world's trading currency are over.
The Federal Reserve Note is a Debt-based Pyramid Scheme. Other nations no longer purchase our bonds (debt). The record of History proves that paper currencies always hit their intrinsic value of ZERO! We are well on our way.
The weaponization of the dollar and the US banking system by Trump is why the dollar is weakening. Add to that the fed printing trillions and the government borrowing trillions to prop up the markets. Factor in also, record and historical debt loads. The Fed and the Fed system of banks are now the major and almost sole purchaser of US bonds.
The US financial system is taking money out of its left pocket to put it in its right pocket.
Are you expecting a "V" or a "W" recovery? Forget about it! It's going to be an "S" and no recovery for the Markets. Get out now - it's a sucker's market.
All short term Fed-induced liquidity. Oil stocks will drop back to half of the previous lows. The Fed is pumping money into the stock market to make people think things are great. Wake up! It's all smoke and mirrors.
The equity value of stocks is less than meaningless. 2008 should have taught EVERYONE that. Thanks to the financial propaganda-press, the divergent curves of the stock market and the REAL American economy have been studiously ignored by most - at their, and everyone else's, peril.
We are in trouble as a nation. Congress has to stop spending us into deficit.
This has been going on for almost 40 years, and the government borrowing escalated dangerously after the 2008 recession.
Our whole monetary system is dishonest, as it is debt-based.
Our debt is 25 TRILLION. There are 8 billion people in the world. That means every man, woman, and child on the planet would need to pay $3,000 in order to pay off America's debt. Think about that. It means we will never be able to dig ourselves out.
The dollar is already devaluing. Have you not bought anything lately? Grocery prices are way more than they were. It is only the beginning, as the more the national debt increases, the less the dollar is worth.
The so-called "dollar privilege" is largely responsible for the erosion of the middle class in the USA. It did wonders for the 1%, no so much for the 99%. The "Walmart effect."
The average Joe standard of living has been stagnant for decades but not the top 1%. As a matter of fact, the top 1% incomes have gone 10000s % for decades. We've got to worry about the world not wanting the dollar anymore, which will mean hyperinflation like Venezuela.
We can’t print endless money and not say hey, how about we start paying it back. We are right now 30 percent Stimulus in the GDP. Trumponomics needs to stop. Billionaires are burping with borrowed taxpayers' money. It’s time for hard love when it comes to budgeting. The collapse of our economy is inevitable.
How can you live at home with borrowing more than you make? That’s the USA right now. Living on credit is never a good thing.
When asked about the burgeoning federal deficit and national debt, Trump replied: “Not my problem!.”
For far too long, the US has benefited from the unfair advantage of being the reserve currency of the world, printing dollars with impunity all at the expense of the rest of the world, which has granted such largesse for the sake of economic efficiency.
The US leveraged its reserve currency status by demanding that oil can only be traded with the US Dollar hence the petro-dollar monopoly. This has not only allowed the US to spend five times more on its military than Europe and China combined but enabled it to meddle in other countries' affairs through invasion, toppling democratically elected governments, and bombing innocent civilians suspected of terrorism.
The Trillions, being pumped into the economy by the Fed, are being subsidized by the rest of the world as their dollar reserves decrease in value due to flood of US Dollar entering the markets. At some point, this house of cards will come crashing down, and it will be caused by US greed and lack of fiscal discipline.
The Fed’s decade-old grand experiment of creating trillions of dollars of debt used primarily to enrich the top 5% wage earners, wall st banks and insurance companies, and the well connected like warren buffet has finally reached the point where the end game is in sight which is a collapsing, crushing debt bomb.
Now its taking hundreds of billions, even Trillions every day, to keep the bubble market inflated.
The saddest part of this is the vast majority of politicians, and business leaders who should understand the implications of this shift and are in positions to address it are all worried about their next election or quarterly report.
The dollar is declining now. That's why stock prices are up: when priced in dollars, stock prices have been declining as the dollar's value shrinks.
Once the dollar is dethroned, there will be no world reserve currency. Each nation will have to back their own currency in Gold or direct trade commodities. A world reserve currency allows for abuse by the issuing nation. The USA was able to scam the world for 50 years, so its time to get back to real money and see the real price of things again.
The selloff of the US dollar has already begun. Big changes are coming. It is going to be beautiful.
All government-issued fiat has failed 100% in history. The US Dollar will be no different.
Hedge the dollar and buy tangible assets YOU own, and have no debt tied to your name.
Gold, Silver, land, bitcoin.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.
It is a conglomeration of the Big Private Bankers. Those Banks run the currency show - control it all through the Fed then, to the Government! The biggest con job EVER in history!
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later, he wrote: “I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
On June 4, 1963, JFK ordered the printing of Treasury dollar bills instead of Federal Reserve notes (Executive Order 11110). He also ordered that once these had been printed, the Federal Reserve notes would be withdrawn, and the Treasury bills put into circulation. A few months later (November 22, 1963), he was killed in broad daylight in front of the whole world.
One week before Dallas, he made that famous speech where he talked about a highly secretive group of powerful people he was going to expose, and with the help of The American people, he intended to spoil their plans. The FIRST thing LBJ did when he took office was to abolish the Treasury Dollar printing operation. And all of this bearly reported at the time. BTW LBJ created and pushed through the Great Society welfare state, which is directly responsible for where we are today.
And one of Johnson’s first acts as President was to repeal order 11110.
Forty-four nations agreed in 1944 at Breton Woods to use the US dollar, backed by gold as the reserve currency for international trade. Created at the same time were the IMF (International Monetary Fund) and the World Bank. In 1971, the issue of gold backing for the US dollar was so restrictive to the US government's money printing and deficit spending that US President Richard Nixon "temporarily" suspended the ability to convert the US dollar to gold. That "temporary" suspension has become a "permanent" suspension in practice.
The record of history tells us that GOLD and silver have lasted the war.
Nations, who left Gold out of their support for their dollar ALL their currencies, ultimately tanked. Greeks, Romans, Germany (Reich mark), Zimbabwe, etc.
Currency collapsed. The U.S .will fare no differently.
The Dollar died in 1971, decoupling from gold. As we’ve seen, it’s been reserve currency for almost 50 years. Bubbles can last a very long time.
The US Dollar will massively spike as one last death cough before its death as the reserve currency.
US Dollar decoupling from gold ensured its eventual death, but it was far from dead at that time. The reason why America has gotten so wealthy is because of the combination of the Dollar's status as a reserve currency and the ability for the US to print Dollars without devaluing it due to its status. We got rich off the backs of the countries that used it, but that will come to an end when it dies.
When Nixon closed the gold window back, in August of 1971, the dollar has been manipulated and is losing its intrinsic value, as it slides to ZERO. The dollar, in comparison to Gold, is only worth 1.4% in its actual purchasing power. A penny (1 cent) back in 1906, bought you more than a dollar does today. Ever since the creation of the Federal Reserve in 1913, inflation has been consistent.
The US dollar is often referred to as the cleanest shirt in a batch of dirty laundry. What props the dollar up is world confidence that the US will pay back it's debts and not just the interest on those debts. With the ongoing US injection of trillions of US dollars into its financial system, thus impacting the world's financial systems, its only a matter of time before a new form of a reserve currency is brought into existence. That could be Special Drawing Rights through the IMF or even some form of blockchain cryptocurrency overseen by the IMF and agreed to by the majority of the world's countries, despite what would likely be a US objection.
The US dollars loss of reserve currency status will happen; it's just a matter of when and under what "triggering" circumstance.
This will lead to the inevitable collapse of the dollar!!
A huge national debt always results in higher prices for everything. Neither party had any type of plan to pay down much less off the debt. History shows that governments have collapsed under the weight of runaway inflation. This is the situation Trump or his successor will inherit. We can't even afford another war to pull us out of this mess. Serious riots will make the current racial riots look like tea parties.
People think the recent riots were bad. Wait till the government checks don't clear or they buy 50% of what they used to.
The vast majority of US dollars are held by American Private Banks and the Federal Reserve.
The Collapse of the dollar without any successful successor will equal a crisis that may be even greater of 1929...maybe even with one.
That crisis is already in the works, and there is coming Hyper-inflation ultimately. Can't continue to just print dollars out of thin air with zero to back it.
The existing inventory and underground reserves of Gold will be $100k or more an oz. in order to cover all the outstanding currency. Countries like China and India with huge stockpiles will ripe windfall benefits and become the world's richest economies, while the U.S. will suffer hyperinflation.
The debt service that will be likely over 800 billion next year is money that is frankly pissed away, bringing no services to the American people for that EXTREMELY large sum of money.
If the rest of the world sees us as a bad risk, the price we will pay will be catastrophic. Deficits do matter big time.
Who will fund the saving deficit of a nation that has finally lost its exorbitant privilege?" The Fed will just print money to monetize the debt, right? Everyone in America now believes that the Fed will fix all problems by printing money. It has worked since 2008, so why not?
Should foreigners no longer want to buy US Treasuries, interest rates would be driven up to entice them to fund our debts. But that will cause the economy to collapse.
Lacking in domestic saving, and wanting to invest and grow, the U.S. has taken great advantage of the dollar’s role as the world’s primary reserve currency and drawn heavily on surplus savings from abroad to square the circle.
If the return on investment for Treasury securities continues to be so pitiful that no one will buy them, the whole scheme comes tumbling down.
The dollar has lost all credibility in the context of a reserve currency evidenced by a whole host of factors. Not the least being that the US tries to bully the rest of the world. The US is totally bankrupt, and the world knows it.
Trump has abused it too much.
The countries are feeling the angst of placing their confidence in the dollar.
If the dollar is a so-called world currency, it has to be in the interest of the world.
Lately, it seems that perspective has been lost and
it has been weaponized to serve American foreign policy. The world does not need the dollar. Every country would love to get rid of the PetroDollar, which would, in itself, increase the value of their own currencies. What currency is going to fill the void? China has been working toward its yuan, replacing the dollar on the world stage. If the opportunity arises, they will pounce. The IMF already launched their replacement vehicle in July 2018, which aims at replacing the US dollar for those countries that want to do trade using a common currency other than the greenback.
IMF's Distributed Ledger Technology has been in place for two years now. This replaces the US Dollar for trade between nations. It's already a done deal for the dollar as the reserve currency.
China's BRICS Swift move to remove the petrodollar as the worlds' currency, their expanding economic growth vs. the U.S. dollar's GNP to debt ratio of 107% when over 77% signals fiat money collapse and their expanding global military presence threaten the 1% elite's world dominance (power and monetary control).
The Dollar will eventually collapse. Don’t forget inflation, with trillions of dollars being injected into the economy and negative interest rates on the horizon, what does that mean for stashing cash or equities?
A current American strategy in Foreign policy has been to threaten banks facilitating trade with countries like Iran and Venezuela. This has been noted by the rest of the world and alternatives to SWIFT, and the US Dollar are being implemented. The dramas with Libya, Iraq, Iran, and Venezuela relate to the sale of Oil for something other than the Petro-Dollar.
The US Dollar is vulnerable to the development of replacement energy sources.
The use of the Dollar as a geopolitical weapon has led to the situation where it is being replaced in trade deals. At some point, a lot of Dollar-denominated financial paper will end up back in the US prior to a reset.
Current trends show that both China and Russia have been divesting US paper.
The dollar has about three years of life left before there will be a fatal crash.
The decline of the dollar’s purchasing power has a 95% correlation to the federal deficit, which is exponentially climbing.
At the present time, the economy was stunned by the shutdown, but soon more dollars will be pursuing fewer goods and services.
Inflation will begin to rise, and at some point, the global credit markets will collapse, at least with respect to the dollar.
I don't know about you, but the price of some foods has already doubled.
My guess is the Dollar has less than three years before it is replaced.
It's called a currency reset, and we're having one in the next few years. This will finally solve our toilet paper shortage!
Got gold, silver, cows, bullets, land—anything but fiat.
There should be an international currency, hopefully partially backed by gold. This will prevent endless quantitative easing, and governments will no longer just be printing monopoly money without limits, which has resulted in ZERO and even NEGATIVE interest rates.
Produced in FINITE quantities by the sweat of men, Gold and Silver stand as sentinels to protect the wealth of astute investors in times of currency mismanagement and debasement that is occurring today. Yet only about 1% of the population owns any (outside of jewelry) Ironically due to brainwashing by financial institutions (and those with a vested interest in keeping your wealth in the bubble stock, bond and real estate markets).
Buy US Silver Eagles and Gold Eagles all you can, now that their prices are still very low (due to commercial bank shorting), and you will not regret it.
Soon silver and gold prices will really explode as all of the paper money being generated looks for a safe undervalued place to invest in. Most won't listen to what I am saying, but you will remember I told you this, and it is backed by cold hard facts.
“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.”
– Theodore Roosevelt.
This was The Atlantis Report.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-31135942210557156722020-06-07T11:46:00.003-07:002020-06-07T11:46:47.872-07:00👉Prepare for The Great Reset of 2021 !!<i><br /></i>
<i><br /></i><i><b><br /></b></i>👉Prepare for The Great Reset of 2021 !!
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<i><b><br /></b></i>The unemployment rate is at 38 percent, according to John Williams of Shadow stats. The DEBT to GDP rose so fast the past month from 119% to 125%. Companies continue to make layoff announcements, and more are to come. The market has been rigged. The treasury, the Fed, and the wall street elites are all in it together!
Income inequality is going to lead to a revolution. Anyone that was hoping for a “quick recovery” for the U.S. economy can forget about that right now. Debt keeps going up - we are on a treadmill to oblivion. There is no exit strategy and will end badly.
Debt matters.
Millions of small businesses are not going to be able to survive in such a depressed economic environment for very long.
Around the country, governors can choose to end the lockdowns, but they can’t order customers to go out and spend money.
And considering the fact that more than 40 million Americans have lost their jobs over the last six weeks, a lot of them don’t have money to spend anyway.
Meanwhile, the cost of living is actually going up. Thanks to the ongoing meat shortages, fresh meat prices are escalating quite rapidly.
We really are caught in a downward spiral now. We never really fully recovered from the great recession. The manufacturing production is still 5% shy from its pre-recession peak. The construction sector down 20% from its pre-recession high.
Just because we have muddled along putting band-aids on our economy does not mean that we have accomplished a great deal. The Trump economy has been a continuation of deficit spending. We have postponed the day of reckoning but most likely made it far worse.
The economic collapse that we have been warning about is here, and it is going to continue whether there are lockdowns or not.
The destruction of small businesses is a feature, not a bug.
One more mechanism of wealth transfer to the politically connected. The governors and the Fed allowed the big-name box stores like Walmart and Home Depot to stay open while using executive orders to shut down their small business competitors.
This is what happens when control freak totalitarians, who never miss a day's pay, put you out of business. Heck! They don't seem to mind letting the big stores open but crush everyone else. It's obscene. It's evil.
The New World Order Cartel globalist intends to wipe out the entire middle class by year's end.
COVID 2.0, LockDown 4.0, Force Civil Disobedience and bloodshed, roll out a heavy-handed military response, collapse the global economy, what's left of our government - tanks in the streets and shoot to kill all who do not bow. Patriots slandered, scapegoated, and outlawed.
Everything in the geopolitical spectrum is racing toward the New World Order. One World Governance agenda.
Goodbye, America; Hello, Amerizuela - From Roaring Twenties to Whispering Twenties; it took 100 years, but the Rulers got us - from Elvis to COVID and on to Brave New World; 1984 was a great year.
The next Davos meeting in January 2021 is themed "The Great Reset."
It will have far fewer attendees and be virtual as well, almost as if they knew travel and face to face interaction would be tricky.
The 2021 World Economic Forum summit will be held both in-person and online and will focus on reducing humans' impact on the planet and how to move past the pandemic. The theme marks the urgent need for change in the global economy.
Founder Klaus Schwab said, 'a great reset' is needed, and insisted the meeting could 'build a new social contract that honors the dignity of every human being.'
He added: 'The global health crisis has laid bare the unsustainability of our old system in terms of social cohesion, the lack of equal opportunities and inclusiveness. Nor can we turn our backs on the evils of racism and discrimination.'
Ah yes, the elite and their wonderful ability to reset the planet for us but not them. Klaus Schwab, a Bilderberger and Trilateral Commission member, is not someone who is really concerned with the dignity of the human race. He appears very interested in power and money and self-aggrandizement within a small group of people only as he like most of the so-called elite publicity-shy. He knows, and they know best, even though their banks and corporations are responsible for most of the ills we experience on planet earth today.
They'll tell you its about making a better society but really its about resetting the broken financial system.
The Fed is no longer able to kick the can down the road as it is meeting a wall. John Williams says the economy will bottom in early to mid-2021.
And it is going to bee like a 90% reduction by then.
The system is bankrupt, and they're just spending money to try to prevent an immediate collapse.
As long as the statistics can be faked, we can have a fake V-shaped recovery. Buy up stocks and bonds with free money from the federal reserve.
Fake BLS employment reports, fake COVID exposures, and deaths, etc.
We should have lots of celebrations during the month of July, only to find around late July and early August corporate financial reports showing just how fake the stock market and government figures actually are.
Remember, numbers don't lie though, people do. We are only in the early stages of this planned world economic and government finance collapse. But, don't worry, the central and international banks are in complete control of Everything Called Financial. And the introduction of a new, one world currency, which will replace the US dollar as the world reserve currency, is right around the corner. Perhaps in 2 years' time after they complete their COVID agenda of the destruction of the world economy and world government finances. Everything was well planned ahead of the release of their COVID scapegoat. But right now, they need governments to go even deeper into debt before that secret fraternity of elites at the very top gives their federal reserve the order to "Pull it!" As we watch the world markets collapse.
Unlimited currency has always historically resulted in inflation. I believe our future to be inflation, hyperinflation, economic collapse, and world war III. The only thing saving us now is that the dollar is the reserve currency, but for how much longer!
Once that passes, we will quickly be like Venezuela.
Banks create money out of thin air and then charge interest on it. The only thing keeping this system going is faith in the dollar.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
More than 40 million Americans are out of work as entire industries have frozen during the coronavirus pandemic.
The unemployment rate has skyrocketed to its highest level since the Great Depression.
But this so-called (100% fake, contrived) "stock market" can and will probably go much, much higher. The Stock market is a Casino where the house always wins.
It's called a Ponzi scheme; you just have to convince people it's a sound investment, whether it is or not.
The market looks good, but the internal reality is not.
The US Dollar is collapsing.
Manipulating the markets is illegal, except when it is the federal reserve doing it, then that's completely fine.
Stock market indexes are a national security concern. They must be kept elevated at all costs. If stocks drop too far, bad things happen -- pensions go bust, insurance companies teeter on the verge of bankruptcy, 401K holders still working for a living get grumpy and disillusioned, retirees who have been forced out of "safe" bonds/treasuries and into higher returning stocks get hosed even worse than before. Let the stock market drop too far, and the granddads and grannies will be out rioting with the youngsters who are already totally screwed, and those old farts won't be throwing bricks, they'll be throwing lead. It's all going to come to that at some point anyway, but not until the people running the show are ready to take them on. It could be next week, could be next year, who knows. But it's coming.
The market is like the Coronavirus! Very poorly, slight improvements. Feeling healthy and suddenly on a ventilator fighting for air/ life. The fed pumping all sorts of remedies/ therapeutics. Prepare the body bag.
Once that secret fraternity of elites at the very top gives the order to start hitting the "sell" buttons instead of the "buy" buttons, the next step of their coronavirus plan will be completed. The final stop of their COVID-19 plans will be when the US dollar is replaced by their long desired, one world international currency. And all other currencies will be rendered useless. Then it will be "Mission Accomplished." This is the only explanation I can give about this intentionally released COVID agenda. They need this one world currency, which is part of this new world order of an eventual one-world government, one world economy, one world banking system, and a one-world currency, owned and controlled by the IMF. A complete takeover of this world by way of the financial system. And no one can stop them, because even if we knew who they were, they are untouchable.
There are two separate worlds.
One is a real day to day life.
Wall St is an eternal casino.
Such is the sad state of affairs in the current version of Rome, 475 A.D.
The real question to be asking yourselves is not "Which stocks should I own." but rather, "What is my survival plan!"
The higher they drive stocks up with free money from the federal reserve, the more damage they will produce when the order is given to "pull the plug" on everything called financial, including the stock markets. And even the government has joined in on the act with their fake BLS employment numbers. I remember the old days when just the news was called fake. Now our entire economy and even government statistics are carrying that label. This just goes to show how well coordinated this takeover of the world of money by this international banking system is.
We can ignore reality, but we cannot ignore the consequences of ignoring reality.” ― Ayn Rand.
I guess hyperinflation it is then, I knew all that pasta, spam, and toilet paper I overbought for the pandemic would be a good investment someday.
Buy storable goods while you can with the "gift" of the credit card. Take advantage of all sales and coupons, as it is better to be six months early than a day late.
The Federal Reserve is largely responsible for the mess that this nation is in.
The US Federal Reserve now has a 0% Reserve Requirement, meaning;
They should no longer be called a Reserve Bank.
They are going to negative rates and not wanting to penalize retail banks or deposit-taking institutions, for holding reserves.
They will eliminate retail banks, only investment, and commercial banks left.
Eliminates the Repo market as they no longer have to raise money to meet reserve requirements at days end.
The Banksters and corporate parasites are the roots of all the evil in the west.
Centralization of credit in the hands of the state is the fifth plank of the Communist Manifesto.
The fed is the globalist bankster oligarchs collection agency, and its sole purpose is to strip mine the wealth of America until only an elite wealthy corporate class, and an impoverished needy serf class exists.
The privately-owned banking cartel known as the “Federal Reserve” was brought into existence in the dark of night by corrupt globalist banksters from England along with equally corrupt U S Anglophile politicians for the sole purpose of strip mining the wealth of America and depositing it into the hands of the one percent ultra-wealthy banking oligarchs in Europe.
Madoff in jail at this point, is a massive injustice.
And about the same time, taxes started being implemented where they hadn't before. As with everything else, at first, they were voluntary but soon became mandatory. Increased taxation always ends up benefiting the very wealthy and creating more poverty for the already poor. It gives enormous power to the central government and creates further dependence on it. "Power corrupts, and absolute power corrupts absolutely." The EU nations, which are more socialist than we are, for now, at least, are heavily taxed, and yet the EU is struggling economically. But The Power That Be always force us to copy them as much as possible. The Federal Reserve is one of the world banks, all of which are in the hands of the globalists. They have only their own interests at heart, regardless of which economic, political, or other ideology they tout. They'll use anything, idea, or person in their shell game to take resources and manpower for their own gain.
The coming NWO evil system will have the full backing of the globalists, who will be more than happy to implement his mandates under the guise of peace and safety for all when in reality, it will be a way to control the world in a way more evil and all-encompassing than the world has ever seen.
I'm not saying that some taxation isn't helpful. But where we've gone with it and where we're going with it, is not good.
As the Social Security Retirement may run out before I get to reclaim all that I have paid into the fund.
George Carlin once said:
When you are born to this world, you get a free ticket to the freak show, and if you are born in America, you get a front seat. Welcome to the freak show that works for fewer and fewer people.
Americans Educated by Hollywood and Television will never solve their "real" problems because most Americans don't know what their "real" problems are.
Their minds have been mediated and their reality constructed by their enemies.
This was The Atlantis Report.
Please Like.
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And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box.
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Thank you wholeheartedly to all those of you who have already donated.
Stay safe and healthy friends!
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-66259843416136410932020-06-06T10:43:00.000-07:002020-06-06T10:43:07.887-07:00👉Is the New Jobs Report Really this Positive !<i><br /></i>
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<i><br /></i>👉Is the New Jobs Report Really this Positive !<i><b><br /></b></i>
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<i><b><br /></b></i>A V-shaped recovery is a pipe dream.
Most of the service sector is toast.
Small business has been hit very badly by the closures and the riots; many have been burned to the ground and won't be fully re-opened any time soon.
Small businesses make up 99.7 percent of U.S. employer firms, 64 percent of net new private-sector jobs, 49.2 percent of private-sector employment, and 42.9 percent of private-sector payroll.
This is what we know so far: The U.S. jobless rate fell to 13.3 percent, from 14.7 percent a month earlier, and employers added 2.5 million jobs in May. But the economy had lost 22.1 million jobs combined in March and April. Payrolls are nearly 20 million below their pre-COVID-19 level.
The worst unemployment rate in 80 years. We still have a long way to climb out of the hole.
The report NEVER mentioned what kind of jobs these are. All service industries.Fast food restaurants, people who do your nails?
I'm not slamming that workforce, but are those 2.5 million jobs paying the kind of money to sustain a family?
Manufacturing, Industry, etc.
I read that a large percentage of it was bars and food services.
Makes sense, you can't open those places without staff, even without customers. Plus, since they survive on tips, sure, they are "employed," but making minimum wage tops given the occupancy is probably 25% of pre-COVID. If you're in that industry, you are going to be dramatically better off unemployed for the next year, or find a new job.
Temporary layoffs were not counted in the unemployment numbers. So when they get called back to work, they are counted as jobs gains.
These aren’t new jobs. Furloughed employees are returning to work.
Nine million unemployed workers were deliberately left off the unemployment rolls due to a new colorful classification. There are more unemployed workers now than there was a month ago. And if we could get the unemployment numbers as reported by each state, I bet they would be a lot different. so we moved people off the unemployment rolls and onto PPP so their bosses can hand out the government cheese, and this counts as "employed."
Wait until the rest of the PPP loans are exhausted, and more employees are let go. We have 160+ million workings, and 40+ million are currently unemployed.
That makes a more or less 25% unemployment rate. The real unemployment numbers are 35 percent, according to ShadowStats.
And all this despite The bailouts, The Stimulus, massive deficits, the payroll tax holiday, near-zero interest rates, and the FED's MULTI TRILLION QE program.
Atlanta FED's last GDP prediction for Q2 is now -52%. Look at these numbers. We've never seen anything like them. The national debt is going to hit $26 trillion soon. Up around 6 trillion under Trump.Debt to GDP ratio of 122%. He ain't lying when he says he's the King of Debt!
And the Federal Budget Deficit is at $3.8 TRILLION,
Spin that.
Bread lines in most inner cities and some rural areas.
Hate & Divisiveness Index soaring.
What else is left? Well, not much.
The USA is in a "V for Vendetta" type recovery.
The magnitude of the Q2 numbers are really difficult to comprehend. With so much deficit piling up to sustain the economy, I wonder how long this can continue.
In most simplistic terms, it appears the US economy is like the Seinfeld show - much activity to produce subsidized goods and services that nobody actually wants or demands. I think a leading indicator of a Seinfeld economy might be new car sales.
"it's really the most wonderful recovery I've ever seen!" said Trump.
How desperate is Trump!
He's dancing for joy at 13.3% unemployment! He lost 22 million jobs in two months. Then he gains 2.5 million back and pretends he accomplished something.
Honestly, the guy is losing me. If we had ANY reasonable alternative, I would choose it. How about an "incredible" 10 trillion dollar stimulus package this time to suit the greatest economy there ever was? Anything less would be unworthy of such a magnificent economy. That should be a "tremendous" economy.
TRUMP praised the V-SHAPED RECOVERY But WILL ASK CONGRESS TO PASS MORE STIMULUS.
He said he’ll ask Congress to pass more stimulus money, including a payroll tax cut. He wants more stimulus because the last heroine hit is quickly wearing off.
Unironically, just before he announced the need for even more stimulus, the president was praising the V-shaped recovery in both the economy and the stock market.
Employment up 2.5 Million, and he wants more stimulus? Can't have it both ways, Trump. What numbers are we supposed to believe!
Asking for more stimulus just poured cold water on his “everything is great again” speech yesterday.
We have a V-shaped recovery, but the economy needs more stimulus. Translation: Get ready to bend over again, working stiffs, because we're going to steal your wealth to enrich the bankers and big corporations again.
But nobody told that pompous that V stands for Vacuous.
Trump was off the hook yesterday morning with the pump and dump. The United States government under Donald Trump pulled a number out of thin air and pumped up the stock market with it.
“Tremendous progress is being made on vaccines,” Trump said during a Friday morning press conference from the White House. “In fact, we’re ready to go in terms of transportation and logistics. We have over 2 million ready to go if it checks out for safety.”
Two million vaccines that may not work, ready to go! Tremendous progress. Wee!!! The news broke as the market started to fall. He got a momentary pop out of it.
Pumping up fake markets and ignoring deficit and debt. Only a fool believes what any politician or bureaucrat spits out.
Trump's promise to cut the deficit in half has changed to a promise to double, triple, or quadruple the incredibly large deficit. He has flip-flopped on so many issues. As always, the politician reneges on absolutely everything.
Makes sense! V-shaped recovery, but we still need stimulus. Print your way to prosperity.
And don't forget yield curve control and negative rates. All necessary. He is buying the mirage of a healthy economy that we will have to pay for.
This is crazy. To hear this speech by Trump, is simply to understand the disconnect of the population from reality, for the POTUS speaks to this group. Whoever wrote Trump's speech should be sacked. If not, Trump is on meds.
And he still wants negative rates. Part of any president's job is to be a cheerleader for the economy.
Why would more stimulus be needed when the economy is obviously in recovery from the shortest recession ever recorded in history, according to the stock market fueled by incredible employment numbers. This is not a V-shaped recovery, but a swirling whirlpool of doom.
Ask Congress for more stimulus? Praise for the V-shaped recovery?
WHAT'S WRONG WITH THIS PICTURE?
It's like putting out a fire with gasoline. It's wet, so at some point, it has to work. More likely, a V-shaped dead cat bounce in a buying votes season.
If Trump believes those BS numbers from the BLS today, with all the screaming empirical data that exists, he is a lot dumber than I thought. Then again, he's a politician, and those fake numbers suit him just fine. He is also a member of the elite wealth club and lives in the back pocket of the bankers.
Let's hope he doesn't run to his bunker scared when the 50 Million unemployed start rioting.
No economy in the world can be sustained on fake numbers.
As always, debt/printed money/phony non-market low-interest rates must be taken into account as to whatever rebound occurs.
I'm watching closely for a better price to obtain more Precious Metals.
Why do we need more stimulus in a V-shaped recovery? If we have a real recovery, no stimulus will be necessary.
Funnel MORE MONEY to the CORRUPT Politicians, Wall Street, the Banks, and CORPORATE WELFARE SOCIALISTS.
Complete takeover and elimination of the middle class and small business. This has been going on since 2008-09. The Fed bailed out the banks with 900 BILLION starting Sept 2019 until COVID in April. And the "initial" bailout was only 700 Billion, or the entire world was going to end back in 2008.
Forget the unemployment rate. It is basically useless with all the carve-outs.
Using the labor participation rate, in addition to other metrics, gives a more accurate analysis.
Before the pandemic hit, there were over 11 million unemployed or part-time looking for full time.
This was NEVER the best economy as Trump was trying to bs people into believing.
In fact, there was more hiring during Obama's last years in office than in Trump's time in office.
There are known 40 million newly unemployed by the unemployment applications. Add 11+ million to that, and there are over 50 million unemployed. This is the number Jerome Powell looks at when he tells Congress to do something, and don't worry about the debt. We need a jobs program and more at this point. An indication of the anger in America is reflected in the streets, and it has little to do with racism. It is pent up anger coming out in the form of what the politicians want, a divided nation. When groups are pitted against each other, they are not united and attacking the true culprit. The greed and corruption that is making money off of the low wages and unemployment.
And I am not saying Obama was any better.
We are living in a fed-enabled world. It has our backs; everything too big to fail has won the lottery; the rest can just vanish silently.
The End result will be the value of the US Dollar. Socialism is unsustainable. In the end, no one owns anything, and we all live in government-subsidized housing, rely on government handouts for food, and the healthcare system is overrun because the experts refuse to work for chump change.
Let's give Wall Street another $1 trillion. They are good people, said Trump. This could be where Trump finally goes off the rails. Elected as a populist but now just plays financial shell games.
Where's that corruption cleanup everyone was promised a few years ago?!
Trump solved the economy, racism, North Korea, windmill cancer, and built a wall around the white house and cured the virus.
Too many people didn't take him seriously when he said he would run the country the way he ran his many failed businesses.
The only president in the history of the US that printed and still printing trillions of dollars, lots of them. By the time he is out of office in a few months, he would have printed $20 Trillion.
A New York Billionaire Con Artist sold a "Populist" movement. When Mnuchin and Kushner showed up running the country, everybody should have seen that is never about the "People."
And he just threatened to unleash the military on Americans. It is going to be sad Independence Day this year.
You would have to be stupid to think that things are heading in the right direction. Things are spiraling down the drain faster than you can blink!
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
It's disturbing to read about all the talking heads, including committees in Congress, either pretending to be clueless or truly are about the Federal Reserve. It is a private entity with a profit motive and goal directly opposed to that which it pays lip service to. The more loans it provides, the more powerful it becomes. Right now, the biggest task for them seems to be the effort to hide the exponential inflation that is occurring.
Prudent stewardship of the money supply and monetary policy was abandoned a long time ago if it ever was something the Fed actually cared about. People are not stupid, so with time, they will figure out that actions speak louder than words, and when abuse and deception become institutionalized, they follow suit. The moral decay that is soon about to have run its course started with large financial institutions playing the markets through manipulation. Later this became too easy, so nations were played, and now it's global.
The Fed, together with other central banks, are at the top of a defacto criminal racket to siphon off real value and centralize control for the political class that works as their accomplices. The illusory power that they have stolen is further used to wage war and create suffering on a gigantic scale. The mere fact that these entities exist is a testament to how utterly confused and misinformed people are on purpose.
At what point was the concept abandoned an economy is a productivity, a good investment value? Funny money and sky-high PE ratios do not an economy make. Nor do I know how one can say an economy is strong; we have to throw funny money at or lower rates to near zero. Seems to me this is merely an admission of the opposite, that one has an economic emergency on their hands, a sick patient.
In a strong economy, you have to raise rates and thereby back off on artificially allowing inflation of the money supply. This funny money is like saying people never had it better, out of one side of your mouth, and out of the other side saying we need emergency funding, to stem starvation. 2 + 2 never equals 5.
You know, I don't think anybody, at large, dares to be honest anymore. Nobody will call a pile of dung anything but fertilizer.
It all goes back to Grover Norquist and the K Street Project.
I don't see any real difference between conservatives and liberals when it comes to the buffet of pork. They merely champion their pet projects, and all ultimately subscribe to a bottom line of something for nothing, pile up more and more debt, what me worry? The U.S is a one-party system when it comes to looting the Treasury, the national wealth. At some point, politicians need to be featured on American Greed.
The law has been clear since the 1930s, and the politicians have simply deceived the population. Your payroll taxes were spent the day they were collected as they still are by contributors to this day. An additional 26 Trillion was borrowed and spent as well.
People do not know this, but when a person gets their Social Security check, it comes straight from the US Treasury general funds account from taxes and borrowings gathered today. These numbers are rolling so fast, and 2020 is so unique. Estimates have to be very loose, but around two-thirds of every Social Security deposit is borrowed right now.
In terms of accounting, the US Government and all governments operate like money laundering operations that only appear to be legal.
Payroll taxes are just taxes, like all other revenues collected by governments. Taxes are too high on the employed and employers, and this particular scam being payroll taxes was political deception 85 years ago and long past absurd in 2020.
Cut taxes and rewrite tax laws at all levels, especially eliminating ALL state and local taxes and the legal right to levy them. How much of your total income remains to you after all your taxes from all directions are considered at the end of the pay period? How much did you have to borrow?
Well, sheeple, doesn't this story perfectly show what the BLS report was as fraudulent as the US economy itself?!! Just another TRICKLE-UP excuse to give the rich more and none for the poor. What small businesses? They're gone!!
The fake market will implode soon.
Get out now before you lose everything.
I warned you.
It's a casino, and the Fed has the place rigged.
End the Fed, abolish the IRS, reduce government by 90%, implement a 15% flat tax on nonessential goods, back currency with hard assets, return to a constitutional republic.
These are the true looters of this country—the real criminals.
This was The Atlantis Report.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-59694102363278768722020-06-01T11:47:00.003-07:002020-06-01T11:47:41.525-07:00👉As America Burns , The Stock Market Soars !<i><br /></i>
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<i><br /></i>👉As America Burns , The Stock Market Soars !!<i><b><br /></b></i>
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<i><b><br /></b></i>Stocks are up, Yet fundamentals are worse than the Great Depression. And the Circus continues.
The Fed bought the open with both hands and feet. It is all Rigged!
These markets are a frontrunning operation run by AI algorithms.
Rome is burning; That’s good for 100 points on the S&P.
This is the sickest day I have seen in this Ponzi fraud ever. Every major city in America is being set on fire and looted. Forty million unemployed. And they just keep pumping this Ponzi scheme in everyone's face.
Further proof of how disconnected the stock "market" is from reality.
As Americans get out of bed this morning, they are not going to give one damn about the market. They're going to find out that their nation has literally burned to the ground.
The financial sector (Wall Street) is COMPLETELY disconnected from the REAL economy: People riot in the streets, millions of middle-class people in the US lost their job and income, but the stock market skyrockets. 2020 is 1984 on steroids.
The true “looters” are in the Federal Reserve, Wall Street, and the Military-Industrial Complex. Their minions are the ones dressed in black and breaking windows, throwing firebombs, and inciting protesters to riot. They tried that at our protest yesterday, and nobody took the bait. There were “end the Fed” signs mixed in with “Justice for George Floyd” signs. People know who the real thugs are, and they wear suits and uniforms!
Now you understand that the short downturn on Wallstreet was simply all part of the plan, and the rich get richer.
Markets no longer trade on fundamentals. It's just an algo fueled shitshow.
It's all a rigged scam so that the "1%" can continue to rake in more loot (taxpayers' money and fabricated currency). Markets ceased reflecting the health of the economy and reality in general decades ago - it's just too obvious to deny now.
Riots, Burning, Protester out pillaging, White house lockdown, no goods available for the stocktake sales, Waits of over 40 days for anything needed urgently. Stupid is as stupid does. And The Stocks always go up, and up.
Nothing matters anymore in a banana communist republic.
Our wealth will continue to be inflated away, our jobs and manufacturing destroyed, our cities burning, church gatherings outlawed, as we take our place amongst the global peasantry of the New World Order.
The Fed is buying spree is tapering.
The fed is now buying corporate bonds and equities.
Every Monday, the Fed needs a good kick at the can get things going, even better during a pandemic and brooding civil war.
Spoof the futures and pump and dump into Robin hood retail all day long. Don't stop it till it stops.
The only thing that will stop stocks from going up is if the Federal Reserve was ever fully audited. But it's never going to happen. They all know the books are cooked. They also know an audit will absolutely crush the dollar instantly, and they will lose everything to mass violence.
Welcome to 2020 - everything is bull (ish).
I can only imagine when unemployment hits 30%, and the U.S. military takes over major cities and installs FEMA camps.
The Dow would hit 40k.
As long as central banks print funny money notes and keep stonks on the level decided by the central committee, you can have them at 60k, for a while.
Soon the defaults on all the business loans, and that should be good for another 10000 pop on Dow.
How can markets set themselves up for new record highs, when hundreds of millions around the globe have been sacked or furloughed and are likely to become long-term unemployment statistics.
Who controls the markets? Who stands to gain the most from this nonsense? The small guy or the banking cabal? There is your answer. The small guy will get crushed, and the one Percent protected by this group will gain.
The degree to which soaring markets are diverging from the real economic virus damage, and now the rising rage, has become embarrassingly obscene.
The players in the market know that the worse things get, the faster we arrive at negative rates.
As Wallstreet laughs at it all and reminds the plebs;
The Fed is your Daddy!
They needed a pandemic with lockdowns, closures, along with massive unemployment and riots. Money changers, along with Fauci, are wringing their hands and smirking with glee in their eyes.
All done by Design, all done by Agenda.
It is all a show, everything is fine. The underlining strength in the economy is their" ALL HAIL THE ALL AND MIGHTY FED'.
And, I thought the worst looting was being done by dims, Antifa, and the 99/100ths rioters. SEIZE, AUDIT, AND END THE REAL THIEVES: THE FED!
End the Fed. Drain the swamp. Enforce the constitution. And remove all dual citizens from the government. Sound money forces the government to live within its means. Eliminate all fiat currencies, for starters. That should be easy.
America had the example of Japan right in front of it.
But the magic show had to be saved at all costs. For those who think QE will keep asset prices going up indefinitely, look at how QE has tapered. Bubbles are like balloons. They need constant hot air to stay inflated.
"QE has become an inescapable trap."
QE was an inescapable trap from the beginning. If circumstances are such that to not do QE is just too painful, yet QE will never allow that pain to lessen, you are in the trap. The only way out is through the pain. The worst part is, the pain is going to happen regardless, it will just be worse if it comes involuntarily. Here comes the pain.
Greed, hubris, and ignorance have brought the empire to where it is today.
The free lunch is over, and the rest of the world sees through the lies.
The whole world is laughing at us going along with the globalism scam and our leaders selling gazillion and trillion dollars worth science, wealth, and jobs to China To enrich themselves and us becoming slaves to China. Treason like this never happened in history.
And as the anarchists go head to head with the law and order crowd,
The 1% kicks back and enjoys the show.
Thus was it ever.
Thus shall it always be.
Get out of the market now. This is a big fraud by the banksters! The Market Has Reached Its "Maximum Stupid" Price Limit. Room for more suckers and bagholders at the top!
The markets are all rigged, no need to report on them. Smart people walked away, crazy people try to guess the next move, and insiders know the next move. The wonder is, how bad does it get before the kingpins decide this is not good.
The Gambling addicts, playing in the Wall Street Casino, will get wiped out. A Casino owned by the bank cartel. The house always wins.
I believe there will be a four to six-month window where the markets will implode and reset to levels for a new beginning. Unfortunately, most people will be wiped out AGAIN, as they just can't resist.
The market will go down, and it will remain down for quite a while, and the average investor will eventually sell at the bottom like they always do, and that is how wealth is transferred to those who DON'T need it to live off. The bankruptcies are going to be far and wide, and everyone is right now riding the FAANG's rather than looking at the reality of the rest of the market.
With the peak stupidity government with lockdown, peak high stock market with a long queue of bankruptcies, semi-peak chaos on the streets, I am racing against time to accumulate all kind of tangible assets (not only gold), food (rolling 3-6 months) and cash buffer enough for 2-3 years.
Thankfully, I am not in a city.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
The central banks are buying up to prop up their big corp & hedge funds friends.
The "Empire of the City" is taking down the current currency system that is obvious. The probable plan is to back all current currencies with some new central fiat debt-based currency at a fixed exchange rate, i.e., like Bretton Woods architecture but all locked into their new Bancor. They don't want to scare the masses with sudden change, but then they have you by the balls as they control the price and volume of the underlying. Simple.
And the end game/end times are approaching.
Remember, at one time, $60 billion a month in Fed debt monetization was considered massive. I think they do that and more in a day now, although they are tapering to maybe $5 billion a day right now. I don't keep up on this level on minutia.
While keeping the retirement accounts solvent is a noble idea, that goal is looking to be an impossible one after the next Wall Street liquidity withdrawal, aka the next and probably final financial markets crash. This one looks like the big one before the last one.
Idiocy like ZIRP and NIRP combined with entire financial markets that require ZIRP in order to see their deals not fail, foreshadows a few problems ahead that more ZIRP won't fix. Neither will NIRP.
The streets will look worse than they do now when this happens. Floyd was the trigger. The Communist Media, the fake Wuhan Flu Crisis, the forced house arrests, the Impeachment, and the Meuller Investigation / Frameup, and @Jack, The CEO of Twitter telling us he and his buddies are and always will be the boss of all of us; is the real reason for the riots.
Add in failed MMT, and the end is nigh.
MMT is poison.
QE (Central Banking itself, actually) decoupled the financial system from a productive activity because it systematically rewards cronies at the expense of producers.
MMT suffers from the same sin to a greater degree. You cannot cure poisoning by imbibing more poison.
Revalue Precious Metals and other real assets to a price sufficient to back currencies. Let the debt junkies default.
Do this, and the modern world will continue.
Fail to do it, and you will get 1984 followed rapidly by Mad Max world.
With markets this overextended, your window of time to take action will likely be quite brief. An end to the current rally could happen extremely quickly and brutally.
Obviously, if you don't have some gold or at least gold stocks in your portfolio, now is the time to buy, make it 5% of your assets as a defensive play to the trillions of fiat that has been printed - which you know for sure, will hurt the buying power of the US dollar.
Anyone who buys anything (except lead, silver, or gold) now deserves all he will get. Bankruptcy.
The Protesters are sick of the FED, creating inequality. Now the FED is actively preventing the recovery. In a fair world without the Fed, those who had savings should have been able to buy stocks on the cheap and be rewarded. Instead, those who had the most debt will be bailed, and those who had savings are going to pay for it with higher prices.
Another worthless American export to the world - central banking and QE.
I don't see a peaceful way out of any of this. My only hope is that the anger is directed at the true perpetrators of corruption, graft, and theft.
This isn't a left/right thing. It's a top/bottom thing.
I hope all of you stay safe and have a plan.
This was The Atlantis Report.
Please Like.
Share.
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And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box.
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Thank you wholeheartedly to all those of you who have already donated.
Stay safe and healthy friends!
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Politico Cafehttp://www.blogger.com/profile/02651665865335778425noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-32599867551297268542020-03-02T15:02:00.002-08:002020-03-02T15:02:30.910-08:00👉 Jim Rogers on Coronavirus, Gold , and Market Meltdown<i><br /></i>
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<i><br /></i>Coronavirus fears continued to move stocks towards the worst week since the financial crisis. What is the key to navigating this sell-off? Joining Daniela Cambone for an exclusive interview is legendary investor Jim Rogers.
The Dow Jones Industrial Average dropped 900 points, or more than 3%, and traded below 25,000. The S&P 500 slid 2.6% and gold futures were in freefall heading into the weekend, down close to 3.5% on the day, last trading at $1,583.90 an ounce. Rogers comments on where to keep your money safe.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Lisa Chapmanhttp://www.blogger.com/profile/09960637257351118910noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-64947519310845277292020-02-27T09:22:00.002-08:002020-02-27T09:22:10.381-08:00Jim Rogers : California is More Communist than China<br />
<br />Jim Rogers : Markets can go higher than you think , and they can fall further than you can imagine<br /><iframe width="460" height="315" src="https://www.youtube.com/embed/19wK_2DBKFI" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
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<br />Jim Rogers : Markets can go higher than you think , and they can fall further than you can imagine
#Markets #gold
Dr. Steve Sjuggerud sits down with legendary investor Jim Rogers to chat about everything from the next frontier of investing in Asia, to how he became the first person to ride across China on a motorcycle... and even how he accidentally stumbled upon a thriving Christian church in the one place you'd never expect to find one.
More about Jim:
Jim co-founded the legendary Quantum Fund with George Soros. It returned more than 4,000% in the 1970s.
He has broken three Guinness World Records with his travels and in 2007, sold his Manhattan residence and moved his family to Singapore.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Lisa Chapmanhttp://www.blogger.com/profile/09960637257351118910noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-12928614775798880942017-08-28T08:50:00.004-07:002017-08-28T08:50:48.804-07:00The Absurdity of Low Interest Rates <br />
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<i>It's all absurd. If 20 years ago we had said interest rates are going to
go to zero and they're going to go to negative people would have said
that's incomprehensible, that cannot happen and I explained it has been
done by the central banks they would really say it's incomprehensible. </i><br />
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>JORDAN MAXWELLhttp://www.blogger.com/profile/06329006380909444448noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-84340282000888189762017-03-28T07:45:00.001-07:002017-03-28T07:45:22.778-07:00Bearish Outlook for The Japanese Yen <br />
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I am skeptical about the Japanese Yen. It will be stronger than the Euro, or less weak, but I would not buy the Japanese Yen.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-42634741846521873572017-03-27T08:13:00.000-07:002017-03-27T08:13:17.099-07:00Bearish Outlook for The Euro (EUR)<i><br /></i>The Euro will continue to go lower, I`m afraid. Of course, there will be rallies along the way, nothing goes straight up and nothing goes straight down. Basically, I would not own the Euro.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-34986328589605279552017-03-24T08:56:00.001-07:002017-03-24T08:56:29.200-07:00Forex : USD Still My Largest Currency Holding<i><br /></i>
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<i><br /></i>My largest currency holding is the U.S. Dollar because I expect turmoil in world financial markets. When there is turmoil, investors will be looking for a safe haven. What will happen is that the U.S. Dollar will first get overpriced and if it keeps going, the U.S Dollar may even turn into a speculative bubble.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-75232637742714907852017-03-23T08:30:00.000-07:002017-03-23T08:30:01.489-07:00 Trump Trade Wars Could Bring Real Wars<i><br /></i>
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<i> </i>If there is a trade war I assure you we should all be very, very
worried. Trade wars through out history have never worked, nobody has
ever won a trade war. (iShares FTSE/Xinhua China 25 Index ETF (FXI),
SPDR S&P 500 ETF Trust (SPY))<br />
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>JORDAN MAXWELLhttp://www.blogger.com/profile/06329006380909444448noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-40408481395395120692017-03-22T15:12:00.001-07:002017-03-22T15:12:13.432-07:00Jim Rogers Bearish on The Japanese Yen<i><br /></i>
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I am skeptical about the Japanese Yen. Some people consider the Yen as a safe haven when compared to the U.S. Dollar. It will be stronger then the Euro Currency (EUR) or less weak than the Euro,<br />
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I should say, but I would not buy the Yen either. There is some money that goes to the Yen on the mistaken view that it is a safe haven too, but the Japanese have gigantic debts as well, their internal debts are higher than in the U.S. and it is not a place to put money.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-15519448455648181692017-03-21T07:05:00.004-07:002017-03-21T07:05:55.078-07:00Interest Rates Shooting up Worldwide<br />
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<i> </i>There is no question that interest rates are going to go higher all over
the world. We have a very artificial situation with interest rates at
zero, negative interest rates in some places. That is not normal and it
will not last!<br />
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-88624276015673094182017-03-20T09:05:00.003-07:002017-03-20T09:05:47.372-07:00Jim Rogers Warns : When Interest Rates Rise Junk Bonds will Collapse<i><br /></i>
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<i><br /></i>Junk bonds will be in trouble when interest rates rise
I know when interest rates start going up again permanently when the bull market really does come to an end and the interest rates, government bonds, interest rates are going to go very, very high ...., very high if I told you how high you would probably hang up now and not listen to me anymore. But in 1981 interest rates – short term interest rates in America – were over 20%, bonds were yielding over – long term bonds – was yielding over 15%.<br />
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We've had these long, long bull and bear markets in bonds in the United States and we probably will again. So when interest rates go higher the junk bonds are going to get destroyed both by interest rates and by credit defaults because many of them are in fact junk, the companies are not great creditors and they're going to pay the price.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-59488162705080196812017-03-18T07:34:00.004-07:002017-03-18T07:34:34.730-07:00Investing In Chinese Tourism<i><br /></i>
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<i><br /></i> Investing: Chinese Tourism
Chinese tourism is going to be one of the great industries of the 21st century.
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-27967625076159028562017-03-17T07:07:00.002-07:002017-03-17T07:07:28.239-07:00Jim Rogers Warns about American Property Market Bubble<i> </i>Some parts of the U.S. real estate market are now in a bubble but some
parts of the American property market are very attractive and there are
great opportunities. (iShares Dow Jones US Real Estate ETF (IYR))<br />
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<i><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmAXSEWGWU76kqHTAfuxIxtn0eeDaD6vh5IRvyxhR2gJ_w9iPw7Cu4MIPmBm2a6l8KNsW2mmQ7OT7Uoz8w3QRcyi20Z6gJnmFNp3d2DnOOrs_tDyq3ET4SkjywjANqDl4t7H0S6M8ZYHY/s1600/150206194300-home-for-sale-1280x720.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmAXSEWGWU76kqHTAfuxIxtn0eeDaD6vh5IRvyxhR2gJ_w9iPw7Cu4MIPmBm2a6l8KNsW2mmQ7OT7Uoz8w3QRcyi20Z6gJnmFNp3d2DnOOrs_tDyq3ET4SkjywjANqDl4t7H0S6M8ZYHY/s320/150206194300-home-for-sale-1280x720.jpg" width="320" /></a></i></div>
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-31306837409809133582017-03-16T09:24:00.001-07:002017-03-16T09:24:28.279-07:00This Is Where Jim Rogers Recommends You Invest in 2017<i><br /></i>
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<i>Jim Rogers, the famous investor and co-founder of Quantum Fund, has suggested that 2017 is a good year for hidden value. Given the political climate in Washington, he has a truly contrarian investment suggestion: Russia.</i><br />
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<i>His logic is simple.</i><br />
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<i>The Dow Jones and other U.S. market indices are all at record highs. The implication might be that it’s difficult to predict how much further they could reach. Rather than risk getting burned by excessive Trump Effect optimism, it’s better to look at undervalued markets, says Rogers. Russia tops the list. </i><br />
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<i>Rogers seems bullish about the U.S. economy under Trump. He expects that infrastructure spending and the repatriation of foreign earnings by U.S. firms to at least maintain the current level of economic health. Russia, on the other hand, has a long and steep curve to climb to recovery. Jim Rogers suggests that the time is now to seize on the Russia opportunity.</i><br />
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<i>This is because Donald Trump will likely entertain far better relations with Moscow and Vladimir Putin than his predecessor. The improved political ties should result in an end of the sanctions that the U.S. and some NATO allies imposed against Moscow in the wake of the Ukraine conflict and Crimea annexation.</i><br />
<i>Trump Is Not the Only One Wanting Better Relations with Russia</i><br />
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<i>There are already European countries clamoring to end the sanctions regime against Russia. Indeed, in 2017, there is a growing pressure to challenge globalization as the world has known it. It is unlikely that Trump will trigger a trade war against either China or Mexico. That could bring disaster.</i><br />
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<i>Trump was already seen chumming around with Jack Ma of Alibaba Group Holding Ltd (NYSE:BABA). That suggests Trump might simply alter the relationship with Beijing, rather than scrap it altogether. Indeed, Trump will not break the recent U.S. foreign trade and relations record, as much as open it up to ignored or ostracized parties—like Russia, for example.</i><br />
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<i>Jim Rogers predicted the two most surprising political events of 2016: the victories of Brexit and Trump. So, when he says Russian equities are bullish in 2017, investors should examine the suggestion seriously. He admits to having bought some Russian equities already. (Source: Ibid.)</i><br />
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<i>If you’re not convinced, consider that Russia could move from negative GDP to 0.5% growth in 2017. The optimism surrounding the Russian ruble in the second half of 2016 should continue steadily in 2017.</i><br />
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<i>Jim Rogers suggests that, from the investment perspective, he recommends the agricultural sector when it comes to investing for the highest value. As for the smallest value, he targets American tech firms.</i><br />
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<i>As for China, Rogers is less concerned by what Trump might do than what China could do to itself. China’s laundry list of problems to resolve has grown larger. China has entertained too many “top trading partner” relationships with countries all over the world.</i><br />
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<i>When those countries have problems, therefore, so does China. Chinese growth will continue, but at a smaller pace. That’s why the Russian market makes sense. Russia has nowhere to go but up. Trump promises to be a major catalyst for the “up” to materialize.</i><br />
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-29878726337428884642017-03-15T09:14:00.003-07:002017-03-15T09:14:57.429-07:00#Trump cannot Win The Trade War<i><br /></i>
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<i><br /></i>If there is a trade war I assure you we should all be very, very worried. Trade wars through out history have never worked, nobody has ever won a trade war. (iShares FTSE/Xinhua China 25 Index ETF (FXI), SPDR S&P 500 ETF Trust (SPY))
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>Gordon Silversteinhttp://www.blogger.com/profile/14028382617389637222noreply@blogger.comtag:blogger.com,1999:blog-2133011295612551070.post-61558123757467319782017-03-14T09:31:00.003-07:002017-03-14T09:31:19.786-07:00Interest Rates Are Going Much, Much Higher!<i><br /></i>
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When interest rates start going up again permanently, when the bull market does come to an end in government bonds, interest rates are going to go very, very high.<br />
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In 1981, short-term in America were over 20 percent. Long-term bonds were yielding over 15 percent.<br />
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When interest rates go higher the junk bonds are going to get destroyed both by interest rates and by credit defaults. (SPDR Barclays Capital High Yield Bond ETF (JNK))<br />
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<i>Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI). </i>JORDAN MAXWELLhttp://www.blogger.com/profile/06329006380909444448noreply@blogger.com