👉 Retail Apocalypse A Tsunami of Retail Bankruptcies and Closures in 2020

👉 Retail Apocalypse A Tsunami of Retail Bankruptcies and Closures in 2020



Even though we are slowly reopening across the board in the majority of the country, many businesses are still closed or will never reopen. We are seeing it in retail, and in health, we are seeing it in hospitality and travel. The Most Retail Stores Will Be Closing.COVID has hit retailers hard. EMPTY STOREFRONTS ARE BECOMING A COMMON PART OF THE Cities LANDSCAPE. People don’t want to drive miles and wait in line and potentially get sick for things they could have delivered to their homes the same day. 2020 will see a retail apocalypse, A Tsunami of retail closures, and bankruptcies. An unprecedented retail crisis never seen before in American history. More chain stores will be disappearing, and several mainstay retailers are rethinking the whole idea of having brick-and-mortar locations a staggering number of stores have shut down. And it is not just about these big chains, three-quarters of retailers are small businesses, and those are the ones that are really at risk. As the toll of unemployment in the U.S. is growing each week, for more than two months. Many economists and experts believe some of these lost jobs will not come back any time soon. With consumer confidence low, when people do not have two nickels to rub together, when people are not making nearly enough to live. What do you think is going to happen with the retail sector. That is the particular concern in the retail sector. Over two million Americans have now lost their jobs in retail. Stores shed jobs, of course, as sales plunged. A record 16.4 percent down from March to April, a bloodbath for the economy, since retail accounts for about half of all consumer spending, which in turn drives some 70 percent of economic activity. In acute pain, clothing stores, where sales have tumbled nearly 80 percent. Already struggling department stores are down about 30 percent. Include that well over 50% of restaurants won't survive on 50% less occupancy, which means 50% less revenue. When many need 85-90% volume, and a high table turns over just to break even. The pandemic has speeded the shift to online, predicted to jump from 15 percent of all retail to fully a quarter, good for virtual stores, disastrous for ones you can walk into, many of which have now gone under. As a result, it's harder for retailers to both pay their debts and stay current to compete with behemoths like Amazon and Walmart. Now, across the country, some stores are opening up. But, even if retailers open, are people ready to go shopping? Even among those who may want to go out and shop and miss that activity, a lot of them don't have the means to do so, or they're reluctant to spend because they're nervous about the economy. Confidence takes a moment to destroy. It can take many, many months to come back. My guess is that 30% of businesses will not return or won’t last long. And about the same percentage of people will remain unemployed. This setback will cripple the economy for the next ten years. The debt incurred will be the pandemic killer! And while operating at reduced capacity under new rules now, businesses are passing the buck onto consumers. Extended hours, limitations on the number of customers allowed, improved sanitization methods, and a barrage of personal protective equipment; All comes with a price tag. Some businesses are tacking on a COVID surcharge as they navigate through the pandemic. Now consumer experts say these surcharges may push customers away. Macy's said that sales were down 45 percent. Because of online retailing, it is likely that at least half the brick and mortar retailers were on the extreme margin of solvency already. Online shopping already accounts for 11% of retail sales. The good old days are gone when mall managers wouldn't even meet with anyone not representing a AAA national chain tenant. Now they are offering free rent and incentives to CBD sellers and hot dog cart owners. Thrift stores will become anchor tenants. After JC Penney filed for bankruptcy, Hertz also filed for Chapter 11 bankruptcy amid rising debt and a sharp drop in demand for rental cars during the coronavirus pandemic. The company is the latest business to fall victim to the coronavirus. This is just a start. We will have many more to see. I have seen news Aldo is also looking for bankruptcy Insurance. Pier 1, JCP, Kohls, Macy's, Foot Locker, Nordstrom. Then the Universities and Colleges. Starting with Halloween to Christmas, there are no parties, no celebrations. Rice and Beans for Celebration. Just wait another 60 days when the enhanced unemployment money dries up. There will be 50 million unemployed with not a pot to piss in. The depression is only in the unfolding stages, and the economic collapse that is coming will make the virus look like a picnic. Let’s make a list of those that are still able to make the rent: 1) Gun shops. 2) Liquor Stores. 3) Grocers. 4) Coin shops, (thanks to the gold and silver stackers). 5) Weed dispensaries. 6) Fast food restaurants. While dams fail, bridges collapse, communities deteriorate, and homelessness grows, while jobs and the US economy are offshored, the environment is degraded, and health care needs go unaddressed.US Billionaires are up 460 BILLION in just two months. And Will be UP a TRILLION, at a minimum, by fall 2020 election. Tens of trillions to Wall Street, the banks and corporate welfare socialism. America is simply going to drown in its unaddressed debt problems just as New Orleans drowned in Hurricane Katrina. America's economy was never strong; it just printed more money. This is just the beginning. It will get much worst when the looting, riots, civil disobedient, the chaos starts. Coronavirus has left the US in economic devastation. Most small businesses and service industry jobs have been eliminated. Airlines are sitting. Restaurants closed. No sports or any gatherings. People are hurting and need money badly. Forty million jobs lost in 7 weeks. America is on the verge of losing everything. This Economy is not going to just bounce right back. It is going to take years to recover from this. It'll get extended beyond the election. Bank it. The real ugly will hit at Christmas when all the businesses get to see first hand how broke many are now; and spending for Christmas craters. Many will be homeless as banks take homes and apartments. People do not own anything. We will be a third world country very soon. The Fed and the Banks will own everything. When you take a 30-year note on a house or property, you are really buying almost three houses in the end, you keep 1 for yourself and give 2 to the bank. Depending on your interest rate, that is. But its never really your property. The county will stick a gun in your ear every month and tax you. Right around here, I see people paying $10000 a year on their house just in tax. Imagine what taxes will be after this COVID BS with no income coming in for local governments. State pensions are a disaster. Politicians want to give hundreds of millions away to the homeless and illegals. They only get their money from taxes, your taxes. Inflation and taxes are going to explode. That's why GE and Ford and GM, GE, all those old money blue chips are gagging on pensioners that they promised to pay. Well, now they can't pay. They are pension guarantee/distribution companies that just so happen to make cars. That's the result of 4 decades of neoliberalism, capitalism on steroids, ' more is never enough' a dog eats society, without humanity. This is gonna suck for a while, but we are finally seeing what is important and what is utterly useless. Overpaid, useless politicians. Social welfare at taxpayers' expense with no accountability. Institutions of higher learning that rib and exploit young people while offering a useless degree and debt, while tenured professors are basically fat parasites living off the servitude of young people who can't find paying jobs. And the list goes on. We could see societies on a global scale go back to simple living, learning skills, or knowledge that fixes problems and not teach victimhood as currency and a real responsibility to the community that results in positive action. One hundred years ago, you knew your neighbors and helped them when they were in need. Most people don't know they're neighbors name right now. I really think this was one of the goals of the virus scare. They want to eliminate most physical locations of commerce. Everything is to be done online - less travel, less mingling with other people, less competition, further economic globalization, elimination of thriving local economies, ultimately moving towards global technocratic communism. Things are a whole lot worse than you know. Historic highs, Monstrous lows; Everyone broke; Little hope. Sounds like a job for the WAR option. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the full truth, and nothing but the truth. THE American ECONOMY is COLLAPSING! This is THE WORST DEPRESSION IN HISTORY IS JUST AROUND THE CORNER, ONCE THE REST OF THE WORLD REALIZES THAT THE US DOLLAR IS WORTHLESS! The Day of Reckoning approaches. Most of these businesses have their doors still open only because they do not pay rent. Once they get evicted, they cannot pay their suppliers and employees, and the chain reactions begin. Meanwhile, Robinhood traders clicking their mouse and popping anti-depressants like they were tic-tacs, continue to buy their lottery ticket shares. The chaos will not be a sudden meteoric event. Instead, it will be a gradual and insidious process. The poor dumb American will be bankrupted and evicted in a controlled process. At least that's what the globalist have planned. But, by the very definition of "chaos," this will not be predictable by any means. We must rationalize the pandemic's aftermath in a thoughtful and mature way. Rashness and impulsiveness will not serve the cause of righteousness. Listen to what your conscience tells you. Follow ITS proddings... for that is the voice of God. Do not succumb to any "relief" initiatives given by the government. Seek civil disobedience movements. Deny vaccinations. Defy gubernatorial edicts. We must act as a hive. There's no way they can control a free-minded people. Huge swaths of "Main Street" properties are owned by Real Estate Investment Trusts and another high flying, HIGHLY leveraged investment consortium. A lot of Mom & Pop investors bought shares in these financially engineered Flim flams thinking they were investing in something tangible - real estate - not realizing that they were really investing in a complex smoke-and-mirrors shell game run by rogue accountants. Commercial Real Estate has, like everything else in the Financialization Of Everything world, been used as collateral for financial instruments running 25X - 50X - 100X leverage. It's subprime and jumbo mortgage meltdown version 2.0 waiting to happen, and once again, nobody could have seen this coming. Dang coronavirus! Everything was rock solid until that pesky bug showed up. Now the financial system is going to need another bazillion-dollar liquidity infusion from the Federal Reserve. The whole American economic system is very predatory and unforgiving and doesn't have any resilience when something disrupts it. In the end, it's the poor people who suffer, and most Americans could give a damn. It is a very poor system by any measure. The system was designed by the elites, for the sole benefit of the elites. 99.9 % of the population has been screwed every which way, and those that control the issue of money, simply get more wealthy and powerful. To end the Fed, one has got to bring down their masters. The Banksters are a gang of criminals - they are the head of that snake. We, the people, are definitely screwed! You don't pay your car loan; they take it. You don't pay your country's loans; they take it. Here is the kicker; they bought the country with the paper they print. PAYDAY!!!!!! Why have Americans allowed this to happen? Our forefathers properly warned us. This was The Atlantis Report. Please Like. Share. 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!

👉Mortgage Crisis has Begun Mass Foreclosures & Mortgage Market Mayhem.

👉Mortgage Crisis has Begun Mass Foreclosures & Mortgage Market Mayhem.


4.7 million Americans cannot pay their mortgages right now. That's a million and a half more than in 2008. In May, 8.8% of mortgages are in forbearance. One-third of the American tenants stopped paying their rent. Millions of Americans unable to pay May's rent and mortgage.Up To 30% Of All Mortgages Will Default In Biggest Wave Of Delinquencies In History. The Mortgage Market Is On The Verge Of Collapse. The Mortgage Crisis has Begun, with mass foreclosures and mortgage market mayhem. Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income. More and more tenants are protesting, paying their rent. Missed rent, in turn, adds up to landlords who can’t pay their mortgages or property tax. And then cities and states will struggle to provide the basic services that tax payments fund. Tenants can't pay their rent. Then owners can't pay their bank mortgage. Then the banks collapse. Welcome to the future, folks.And what about the Ponzi scheme that allowed the mortgages to exist at all? A Ponzi scheme with no incoming payments collapses. And that is exactly what is going to happen. But don't worry, the bank executives will be just fine. The economy’s dead, and as is standard practice these days, the autopsy report will make no mention of pre-existing conditions or diseases, it will just say Corona. In Los Angeles County, they announced tax increases starting June. So a bunch of people lost their jobs, and oh yeah, your taxes have gone up. It is insane that construction workers pay more in taxes than amazon or Jeff Bezos, who’s worth around 130 billion dollars. State and Federal government tax everyone at an average rate of 7% on everything. Corporations get their money from the exploitation of the working class' labor. Large corporations got their tax breaks even when the economy was booming. Ordinary folks can't get a break even when they can't pay. April and May are pretty irrelevant. The crisis has barely even hit. Just wait and see how those numbers change in the next few months after the real fallout from this crisis hits and after the unemployment money potentially runs out. The first $2.2 trillion bailouts will take us out to about the beginning of summer. Then what? In the coming months, there's going to be a wave of defaults within 6 to 8 months that will make 2009 look like a blip. Skid Rows will be created all over America. Even before this crisis, a lot of Americans were living paycheck to paycheck. Some were spending more than half of their take-home on rent alone. Now that they're stuck at home and don't know when they'll get back to work, they've got some tough choices to make. More than 38 Americans have filed for unemployment since mid-march leading to long lines sneaking into food banks from coast to coast and rent strikes across the country, from New York to Los Angeles. More than one-fifth of Americans said they had little or no confidence they can pay the next month´s rent or mortgage on time, a survey found. In April, we witnessed the largest single-month jump that has ever been recorded. Mortgage delinquencies surged by 1.6 million in April, the largest single-month jump in history, according to a report from Black Knight, a mortgage technology and data provider. The data includes both homeowner's past due on mortgage payments, which aren’t in forbearance, along with those in forbearance plans and who didn’t make a mortgage payment in April. At 6.45%, the national delinquency rate nearly doubled from 3.06% in March, the largest single-month increase recorded, and nearly three times the prior record for a single month during the height of the financial crisis in late 2008, Black Knight said. Frustrated and struggling Americans took to the street across the country in rent strike as bills come due, and families face hard choices. Many states have suspended evictions or foreclosures during the pandemic. The governor of New York said, there's a moratorium you can't evict anybody for three months. California and many other states and cities have followed suit, pausing evictions for the next two to three months. A growing movement is now calling for a rent strike. But after three months, In July, the eviction notices are going to come, the homelessness problem is going to rise, and the real economy is going to be sacrificed to the financial sector. The American economy will look pretty much like Greece. It'll be in austerity. There will be people who don't have jobs. They are going to be evicted from their apartment. They will have to run through the savings. They will not be able to pay their credit card debt and other debts. So arrears are going to rise, and the banks will be squeezed. And Trump says the one thing we can't save the people, but we can save the banks. The Federal Reserve has enough money to keep all the banks afloat even if they're not getting the mortgage payments, even if they're not getting the debt collection. And the banks can now make up for the money they're not getting by having a huge new market lending money to private capital and to the large companies to buy out all of these small businesses that are going under. It's a bonanza. And that's what Trump said that'll make the country rich again, meaning the 1%. Not a problem when the Government prints money, and the peasants don't have to rely on the elites to lend to them. Or is using the "magic wand" only okay when it comes to bailing out the wealthy, propping up their portfolios by manipulating the stock market. As a result of Wuhan flu, most companies in the US declare bankruptcy, financial institutions stick their hands out to Fed, Fed fills their pockets. Companies borrow from financial institutions (again), lenders on hook for unlimited amounts of money with no fear of risk. Rinse and repeat. The FED balance sheet (the one we get to view) will be 12-18 trillion in the next 6-12 months. All hands on deck to keep the stock and bond market from imploding. They are going to cannibalize and feed everyone to their friends on top. We see the collapse of civilization as we know it. And, This is only the beginning. We have a $22T debt owed to a private central bank. That is the problem. They buy bonds and flood the country with money. Then, those 10-year bonds mature, and money is transferred from wherever it was, back to the central bank. That is the problem—private central banks. There is no way out peacefully. The powers that be think inflation is prosperity. They are firmly squeezing the economy into hyperinflation, where they own everything, and the people are left to perish. The banksters don't need us anymore, and the real disastrous calamity has yet to occur. This is the retirement of bonds purchased by the fed for QE2. There's a 3rd wave, due over the next year. Ten years from QE1 happened in 2018. This is QE2. Quantitative easing 3 is due to retire shortly. The money supply will be hugely contracted. Money has only served to enslave those who can't create it from nothing. We need a new course, with or without money. Where your inspiration and drive can manifest tangible and beneficial results, everyone has some talent or ability that may or may not be harnessed, because of the question "how well does it pay?" It's not human nature to be selfish or greedy. That comes as a result of deprivation or scarcity. Some people may always behave that way, but if there were enough for everyone, that condition would surely subside. It will become our duty to rebuild this great nation. I hope we have the ability and the commitment to make it how the founders desired, with liberty and justice for all. The government causes the problem for the people, then the people go to that same government that caused their plight and expect different results. The government might keep you alive. But only self-sufficiency and your own critical-thinking will turn lemons into lemonade. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the full truth, and nothing but the truth. What is clear is that Americans don’t have savings. That most Americans are living paycheck to paycheck. Half of Americans have less than one month's savings. Even small business owners and entrepreneurs. We have the lowest minimum wage rate in the world. Things continue to get more and more expensive, yet wages never go up. For decades you lose if you have “savings.” Cash devalues 2-3% per year from inflation pre corona. The only yield for commoners to keep up was gambling in the stock market. Now that’s demolished and pilfered. Rip off capitalism for the Dollar printers and lenders (lending what they print that costs nothing) and theft of time and resources from the serfs. This is Feudalism 2.0. The message from state governments to all business owners large and small is, "You exist at our pleasure, and we can cancel you in a minute. You will kowtow, or you will not have a business anymore." I believe that was also the arrangement under feudalism. We destroyed that paradigm when this country was founded. Now we have reverted to it. What in God's name happened? 2/3 of landlords are renting rooms or one stand-alone house. They are not rich. The Government is the cancer, no matter the form. Anyone who is a landlord knows the precise point: "People dealing directly with people can figure everything out." The Hobbesian view of every man against every man is pure nonsense, as man's default condition is one of mutual cooperation. Of course, bad apples exist, but if Hobbes was right, humans would have gone extinct millennia ago. Government creates the discord, not people entering contractual, voluntary relationships. What we have now is socialism for the corporate welfare bums and debt for the slaves, which doesn't work either. Large businesses own the state. They use it to crush the competition. This means that the banks and government will be the major owners of real estate in this Country. The end result is the fed (a private bank) buys the property for pennies on the dollar. Why is it landlords and lenders who get jacked? Most landlords are just regular businessmen too. And, keep in mind, the Land Lords will still have to pay the property tax to the Grube, which is the lion's share of every payment anyway. Landlords will default. How can they pay taxes under such extremities? The government wants to own everything. This is communist! The only one's buying will be banks. In the end, banks will own everything, and everyone else will be a serf, and they will be your lords. The banks get your property, that was the plan, part of the pandemic. The Banks bleed you first, then take the property. 30% or more of mortgages could easily be in a state of default by the time this is said and done. Try kicking 1/3 of the country out of their homes. You'll have a population that is no longer fat, happy, and comfortable. That's when you have to worry about the boogaloo. Whatever they do, they will NEVER let the markets clear on their own. Never let anyone go broke again, least of all the banks. Never let the debt Ponzi end. Never let anyone who has been fiscally responsible with their life or business have a shot at succeeding when others less responsible fail. Never let anyone get ahead in society by their own effort and intelligence. Never let consumers decide what they want to buy with their own money, nor producers provide it for them of their own free will. Never let anyone who defers immediate consumption in favor of profligate spending be allowed to gain by their behavior. The sad part is that bankers would rather evict you and have the property vacant and rot than negotiate a much lower rent and forbearance. We did bailouts in 2008 and crossed that moral hazard again when the government and fed literally handed out 6 trillion and counting this time around. I think only 500 billion went to the plebs. Time for a Debt Jubilee! Wall Street essentially gets at least once a decade. Now it's the tax slaves turn. I am, like you fiscally conservative and have virtually no debt, but my sense of fair play says it's time. Time for a debt jubilee and a return to honest money.Although I am sure that the debt shackles ain't coming off serfs without a BIG fight. We live in a system with $10.000 GPD per every human on the planet, $40.000 debt per every human, and $200.000 derivative per every human. It is unsustainable, and now with Wuhan's plague irreversible that we are at the endgame. It may take a decade, but endgame it is. And fine by me, debt should be something you are scared off. At the end of the day, it's mathematics. Usury is exponential, and our world is finite. Why not look at modern-day Russia instead, who is doing quite well after defaulting on its debt. We have an option, either cancel the debt or become debt slaves. The world owes hundreds of trillions of dollars. To who????? The system is rigged. Time to change the rules. This Coronavirus is the excuse to transition us into a global, communist, totalitarian, satanic, one-world government. The quarantine was the most diabolical event ever perpetrated. Millions of people instantly all out of work for two months because of unreliable models, Mainstream media, and cabal propaganda. Tragic, so many fell for it. And with so many, it will be nearly impossible to break the spell. This was The Atlantis Report. Please Like. Share. 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!

👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!

👉National Debt Can Never Be Paid -- Global Monetary Reset to Digital Weimar Currency Coming !!



The national debt is already at an absurdly incomprehensible number like $23 trillion, and increasing by the minute. We're already in a mathematical fantasy land beyond the limits of human understanding. A stack of trillion-dollar bills would be 67,866 miles high, or more than one fourth the distance from the earth to the moon. This means the deficit before the pandemic would've been a stack of dollar bills more than five times as high as the distance to the moon. The national debt is never going to be paid. It will ALWAYS go up. The Fed WILL monetize the debt at negative interest rates. The treasury debt the Fed will hold will have an average negative yield. They will pay the treasury interest, but in reality, that will just require a wind-down of reinvestment, so it actually isn't anything real. These are all ledgers with lots of zeroes. At some point, the Fed will have to buy ALL of China's holdings as they liquidate, and then ALL the social security surplus holdings. And they will pay well to keep rates very, very low. With negative interest rates--people will pull their savings from banks and buy gold (if they have brains). Banks will not lend to get less back. Scared people will stop buying and start hoarding cash. The economy grinds to a halt. This is the GREAT IMPLOSION, coming soon to an economy near you. The Fed is creating a bubble economy. Once people understand it is all about the Fed, maybe things will change;But not until then. They are using fear and misinformation to herd the sheep where they want them to go seems to be what’s going on today. Even Powell, Yellen and Bernanke are telling the congress not to worry about the deficit. Just keep spending. What he doesn't tell this naive Congress, and the president is that getting the government to spend even more reduces the government's power, and increases the federal reserves power over America. They want the Congress to keep spending in order to make our government as bankrupt as possible. The more deficit spending on our governments part, the better for them. This is what the purpose of this coronavirus agenda is. Bankruptcy for all, and the transfer of all financial control into their hands. They want to remove all financial power from world governments and place all financial power in the hands of this secret fraternity at the very top, who are in control of this international banking system. Their target is the removal of the US dollar and replacing it with their long-desired,one world currency, owned and controlled by this secret fraternity at the very top. Yes, the domination of this world by way of the monetary system. It isn't apparent yet, but it will be, when they put the icing on this coronavirus cake by pulling the plug on the world markets and creating the biggest market collapse in history. Why? They are currently bankrupting our governments. Now they want to place us in a complete state of hopelessness by bankrupting all of us individuals also. So, in the end, the people who created this evil will present themselves as our saviors by making us an offer we will have no choice but to accept. Accept our one-world currency in place of all other currencies, including the US dollar, and we'll bail you out. As I said, they will leave us with no other choice but to accept. And due to their power of absolute secrecy, all we have the power to do is watch the show. Federal Reserve Chair Jerome Powell warned that the nation's unemployment rate could soar to 25 percent. Powell says a full economic recovery may not happen without a vaccine."Full Recovery Could Take Until End Of 2021. Will Require A Coronavirus Vaccine," Powell said in an interview with CBS’s “60 Minutes”.Why would a cartel banker/beancounter have a say as to whether a vaccine is needed or not? "Just following orders" will not be a defense, Powell. So, Fauci, the MD, became an economist, and Jerry Powell, the economist, is now a doctor. Do we live in a bizarro world ,or what! Those who wish to inoculate themselves against this flu should do so. If it works as advertised, they have their immunity. Those that do not wish to take the vaccine pose no threat to them. Compelling the rest of us to be vaccinated is going to be an interesting operation. A vaccine or market manipulation either will do it. The Fed has launched a series of efforts to keep markets functioning properly and has teamed with the Treasury Department on a variety of lending programs aimed at businesses and individuals. In addition, the Fed is buying corporate and municipal bonds. That’s come amid burgeoning unemployment crisis that has seen 36.5 million Americans file unemployment claims and the unemployment rate rise to 14.7%. Wall Street is just like Washington DC. It runs on loopholes. All you have to do is learn your way back and forth through the Maze of stupidity. The same people who sell the panic, sell the vaccine. Before COVID, there were 162 Million active workers. Current reports indicate there are 36 Million unemployed: so its at least 22%. However, this does not include part-time workers that were laid off and unable to file for unemployment benefits. It also does not include workers that have their hours cut. This party is just getting started . By this summer, the unemployment rate could top 40%, as the momentum builds. Those 36 Million workers aren't spending as they did. Probably more than 100 Million workers have dramatically cut spending. This is going to drive unemployment up much higher. Even if all states open up tomorrow, it is not going to be a return of business as usual. People are going to be reluctant to spend money, travel, eat out, etc., until they feel confident that the virus is gone and that the economy has stabilized. It is going to take many years. It took the US about ten years to fully recover from the 2008 crisis, and this one is much worse. People on the minimum wage have to spend 100% of their wages to survive. Billionaires spend 1%, with 99% disposable. They live, as opposed to surviving, on this. National Suicide, Expected to soar . The shooting starts shortly after the USD FRN reaches its intrinsic value as electrical bits and poorly absorbent toilet paper. Losing may be winning if the stupid masks, closures, distancing, handouts, bailouts, negative interest rates, alleged forced vaccination plans, etc. Turn fattened human flocks of idiot sheep into lean, hungry packs of intelligent wolves. Exciting times. That's what happens when counterfeiting enables deficit spending. Eventually, the world will realize the dollar is worthless with all this printing. Then this debt will be an issue and only an internal issue for us the Peasants. "It's the money, stupid." Founding Father axiom. It all depends on whether the US loses reserve currency status over a long period or a short period. The national debt is ballooning, and one day we would default on it. Math can only be stretched so long until an unstoppable force meets an immovable object. During 2008 bailouts, experts were saying, now is not the time to worry about the debt, we can address it once were past the crisis . The debt was never addressed, other than the Bowles/Simpson plan...which failed. I'm hearing the same thing now about this crisis and the staggering debt being piled on. Another frightening number on that debt clock is that of the total value of global derivatives. Judging by the fast-rolling number counter, it appears it's increasing by over$ 2.0m a second! Mind-blowing numbers, all just waiting to collapse when the defaults begin. Ever heard of 'marginal change' ?. The effect of one more unit on the whole. A sinking boat and that one pint of extra water that sends it to the bottom. A sinking economy with a Fed deficit. The effect of one more dollar of debt. The closer you get to the breakpoint, the more important the marginal change. Are we there yet? If not $25 trillion, then 25.1 trillion, 30 trillion, 400 trillion. Has it already happened? Is the economy finished, and we just don't know it? Already the word is out there is a massive problem. Interest rates are being forced lower because the country cannot afford to pay interest on the current debt. With low-interest rates, no one with a brain wants to lend the US money. The Fed has to step in. Now, the debt is faux debt (just zeros on the Fed balance sheet)-- and ready to implode. If this is not warning enough, what is? When I activated the US Debt Clock Time Machine for the year 2024 -- just four years from now -- it showed that at the current growth rate, we would see a national debt of $43.6 trillion! In four years! That is unsustainable! Something must be done right away to bring it down, or a disaster will occur within the next few years. America must pull its head out soon, or a calamity will soon occur! This is digital Weimar Currency. They won't even have the problem of printing on one side of a bill . That's why we are going to experience a monetary reset. This apparently happens to every monetary system not tethered to something that can't be printed out of thin air. That being said, The deficit can reach 50 Trillion or 100 Trillion! The small business issue came from the shutdown and excessive regulations for the most part. It will eventually become a problem, and the system will collapse. This shitshow will only get worse until the final collapse. So expect the unimaginable all the time going forward over the cliff. COVID was a convenient excuse the crash land this debt loaded, massively leveraged economy. The string-pullers opted for flight 1549 in the Hudson River rather than the Hindenburg zeppelin exploding and going down in flames. Strange how the Pandemic is so well coordinated and the New World Order "elites" are ALL singing the praises of an as-yet non-existent vaccine, which clearly is going to be compulsory with the implied threat of military force. The death rate in the non-high-risk groups, even using the inflated mortality numbers, is around 0.1%, so what is the scientific basis for a compulsory vaccination for all without any understanding of the risk/benefit equation for low-risk cohorts (most of the population)! Other than the social control . There remains the medical ethical principle of "Informed consent." Well, I am informed, and I don't consent. What then? Why are we still pretending that Covid-19 is a particularly deadly virus and that we must destroy ourselves out of fear of it? All those who want to be locked up forever should just go ahead and lock themselves up forever and leave us the hell alone. Why do people with horrific plans always insist that we have to join their suicide pact for our own good? The Hong Kong Flu of 1969 was way worse than this WuTangFlu, and they did not shut down the economy. This is an intentional sabotage of the world economy. The aims are many - to impose a worldwide plutocracy served by tech stooges and psycho scums, to impoverish people to the level they won't ever protest politically, to overthrow the role of people in politics that is on the rise ever since 1789. Call it whatever you want, but this is no pandemic. Get ready for millions of bankruptcies, loan defaults, and bank failures. Millions of retirees will lose almost all of what was promised as big pension funds fail. Powell admits it will get very ugly, and no one knows how or when this ends. If reopening brings on wave #2 and they have to close it all up again, kiss any recovery hopes goodbye. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Three TRILLION $ more debt planned and Powell says now is not the time to worry about it, only when the economy has recovered. What The hell ! We haven't worried about it for the last two decades since Cheney said "deficits don't matter." Our great economy has never been anything more than a bubble pumped up by endless debt thanks to the Fed Bank. The wealthy are doing great , and the bottom 50% are unemployed, maybe forever. The banksters are loving it and want to keep us shut down to do the most damage. We are in real trouble. Pray for a miracle. Bailouts, more printing, baby print, print. Insanity continues. With negative rates looming and is coming, FED can’t raise any rates higher, is too late for that, so their only option is going reverse, you are going to see some funny thing happening. The economy has been sparling for a long time, and not only in the U.S. Unprecedented access to cheap cash, lack of any fiscal responsibilities, plus mounted with other policies and reality has also produced a fallout. Now Banks is put a tight lid on “Line of credit access,” which basically is putting small businesses folks in the cold and not to mention others who have to meet certain obligation is putting them in a state of what is a sense. Lady in Casino dancing for the bosses is starting to sweat. She realizes she is expandable and no longer can entice them. MMT/QE’s etc. And top with it, they will squeeze the last amount of breath from anyone. ECB/Fed/BOJ and other Central Banks around the world, and don’t think China is excluded, fiat is fiat they flow same way just the value is different, are on a collision course of facing final act. Total Bankruptcy and insolvent of nations due to internal debt which is way beyond understanding and external debt of the rations to GDP debt, which is already putting heavy iron plates on their shoulders. They will default, and not only the U.S but all of them will not meet their obligation. So next scheme is Digital, but the game is the same; bosses are well aware of their needs. They all soft defaulted in 2008 when all of the major Central banks started QE, and never really stopped. The issue is now that with the shutdown of essential production, it is going to lead to shortages, leading to price controls\rationing and inflation. The entire industrialized world is switching over to third world status. I very much doubt digital will work. It just makes it much easier to create inflation, and it is 100% dependent on reliable data & power to function. The Government digital currencies will likely be too easy to print when they need it and will quickly collapse in value. The Achilles heel of the industrialized world economies is tax revenue need to balance government spending with production. Tax revenue as all but collapsed, while essential government spending has gone to the moon. The U.S. is a dollar exporter, and both parties' donors won't allow anything else. If we ran a trade surplus, Wall Street's casino would close. The American people don't understand how corrupt this country is. The aim is to fleece the people quickly into debt slavery, where the shirt on their back is owned by banksters. The powerless people on the bottom of the food chain get hurt the most, but the fat cats with political influence are able to get the big bailouts. Basically, the Fed has de facto created Royalty in the world. They are the elites, rich, bankers, and the well connected. They know that no matter what.The Fed will save them. The working man has no chance. The head of the country's financial system, Jay Powell, is saying the answer to the country's woes is social distancing and forced injections by the military. America is already finished as a country. The dollar will lose its status as the world's reserve currency. It won't be long, and we won't be able to trade our pretty pieces of paper in exchange for real goods and services. The federal government will have to spend at least a trillion less than it does now. We won't be able to get away with our trillion-dollar trade deficit much longer either. We've been getting a lot of Chinese products at artificially low prices for a long time. An iPhone would probably cost $5000 if it was made in America. Expect the 2020s to be a lot like the 1930s. This was The Atlantis Report. Please Like. Share. 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!

US Stocks Crashing -- Coronavirus wipes out 17 Trillion in 2 Days

US Stocks Crashing -- Coronavirus wipes out 17 Trillion in 2 Days






Coronavirus wipes out $1.7 trillion in US stock market value in two days. The S&P 500 lost an estimated $1.737 trillion in value in two days, according to S&P Dow Jones Indices’ Senior Index Analyst Howard Silverblatt. Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The Nasdaq Composite fell 2.8% on Tuesday and joined the S&P 500 and Dow Jones Industrial Average in turning negative for the year. The S&P 500 just wiped out about $1.737 trillion of its value during its two-day market sell-off, according to S&P Dow Jones Indices. The equity benchmark lost $810 billion in value on Tuesday, adding to its $927 billion loss on Monday, according to the firm’s Senior Index Analyst Howard Silverblatt. It’s down $2.138 trillion since last Wednesday’s high, according to S&P Dow Jones. Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The S&P 500′s two-day loss of 6.3% was the largest for the benchmark since August 2015, when the Chinese government devalued the yuan amid the U.S.-China trade war. Tuesday’s 900 point drop in the Dow Jones Industrial Average added to Monday’s stunning 1,000 point plunge. The Nasdaq Composite fell 2.8% on Tuesday and joined the S&P 500 and Dow in turning negative for the year. Bond yields also plunged as investor sought safer havens. The yield on the benchmark 10-year Treasury note fell to a record low of 1.32%. The Dow Jones Industrial Average (DJIA) looked set to rebound from yesterday’s devastating crash. But after rallying nearly 200 points, the index lurched back into decline. Here’s why the stock market suddenly plunged back into crash mode. After yesterday’s 1,000 point Dow Jones Industrial Average (DJIA) rout, stock market bulls salivated over what they thought was the perfect time to buy the dip. But a half-hearted recovery quickly collapsed. And by midday, greedy investors had gone from licking their chops to licking their wounds as the stock market spiraled toward even steeper losses. dow jones industrial average crash Investors are taking the threat of coronavirus far more seriously now that the CDC has begun to outline containment procedures. | Source: Johannes EISELE / AFP The Dow Jones Industrial Average (DJIA) looked set to rebound from yesterday’s devastating crash. But after rallying nearly 200 points, the index lurched back into decline. Here’s why the stock market suddenly plunged back into crash mode. After yesterday’s 1,000 point Dow Jones Industrial Average (DJIA) rout, stock market bulls salivated over what they thought was the perfect time to buy the dip. But a half-hearted recovery quickly collapsed. And by midday, greedy investors had gone from licking their chops to licking their wounds as the stock market spiraled toward even steeper losses. dow jones industrial average chart today Stock market bulls went from licking their chops to licking their wounds as the Dow Jones lurched toward further losses on Tuesday. | Source: Yahoo Finance Why The Dow Jones Crash Just Got Worse The unexpected pullback vindicated economist Mohamed El-Erian, who had warned investors to “resist” the urge to succumb to FOMO and “simply buy the dip.” He told CNBC: I would say continue to resist, as hard as that is, to simply buy the dip because it has worked in the past. Advertisement That was wise advice, especially in retrospect. But what sent the Dow and broader stock market back into decline? Just like on Monday, the answer lay in the coronavirus outbreak’s ongoing spread outside of China. More than 80,000 cases have been confirmed worldwide, including just under 1,000 in South Korea, more than 280 in Italy, and 53 in the United States. President Donald Trump may claim that the U.S. has the coronavirus under control, but health experts and stock market strategists are less confident in the administration’s assessment. The spreading deadly virus, that has infected more than 80,000 and killed more than 2,700, has sent shock waves through the markets. Companies like Apple, Nike, United Airlines and Mastercard have all raised flags about the coronavirus and its impact on their earnings. Chip stocks, which rely heavily on revenues from China, are being abandoned by Wall Street as it becomes more apparent supply chain disruption will persist until the epidemic is contained. Health officials at the Centers for Disease Control said Tuesday the coronavirus is “likely” to continue to spread throughout the United States and the American public should “prepare for the expectation that this is going to be bad.” This follows news on Monday about a spike in cases in other countries in Asia, the Middle East and Europe, outside the virus’s epicenter in China. Investors are closely watching reports in Italy, Iran and South Korea. Top White House economic advisor Larry Kudlow said that the U.S. economy is “holding up nicely” and that the coronavirus in this country is “pretty close to air-tight’ containment.

Japan Economy Collapsing -- Yet The Worse is still to Come

Japan Economy Collapsing -- Yet The Worse is still to Come





Japan, the world’s third-largest economy, shrank at the fastest rate in five years at the end of 2019 as it was hit by a sales tax rise, a major typhoon, and weak global demand. Japan has suffered its worst quarter since 2014. Japanese GDP shrank by 1.6% in the final quarter of this year, the equivalent of a 6.3% annualized slump. This without counting the impact that the coronavirus will have on the Japanese economy. Economics fear that Japan, the world’s third-largest country, could fall into recession this year. As the coronavirus hits companies exposed to China. The coronavirus spreading across Asia and the world is very likely to hammer Japan and the yen. The coronavirus is already taking a toll on the number of Chinese tourists to Japan and manufacturing activity due to the economy’s close ties with China, prompting some economists to forecast a contraction lasting two quarters. The Japanese economy greatly benefits from the horde of tourists that usually come over from China, and the two nations have developed a very close trading relationship. In Japan, the authorities are growing increasingly concerned about a rising number of cases. Until now, the picture in Japan has largely focused on the cruise ship, the Diamond Princess, which is still more incidentally just down the coast in the port of Yokohama. Although the vast majority of passengers have now disembarked after one over two weeks in quarantine but separate to the 700 or so cases linked to that ship. The Japanese authorities now say there are around a hundred and fifty reported cases elsewhere in the country. They're dotted all over, and the concern really for the health authorities is that they're really struggling to try and work out how and where those people became infected. It is an increasing problem, a big headache for the Japanese authorities. Because in five months' time, Tokyo is due to host the 2020 Olympics. If this epidemic is not contained by the time of the Tokyo Olympic Games, the damage to the economy will be huge. Japan's government is refusing to test hundreds of people who got a severe fever and applied to be checked if they got the coronavirus! In the last month, they only checked no more than 1000 people, while South Korea Government, for example, checked over 40000 people! They are intentionally controlling the numbers for economic reasons! And they let temporary negative people who got off the cruise to take public transportation to return homes all over Japan. And of course some people turned out to have a fever and be positive with the coronavirus later. Now the virus is all over Japan, yet they are still controlling the numbers by not testing people who need to be checked and not taking positive solutions! The outbreak in Japan is now inevitable. There is no confidence in the government. There is a lack of goods in the stores. People are very worried and scared. Many parents are keeping their children at home. Most Japanese believe the government bungled the cruise ship situation completely. Many hospitals are refusing to treat people who want to be tested for the virus. The medical staff who worked on the cruise ship are being bullied by their bosses and coworkers rather than admired for their work like the medical staff in Wuhan. The government is focused on the Olympics more than anything and secondly on the economy. The only reason the number of infected seems low is because nobody is being tested. The criteria to get the test is very rigid, and it is only available at a few hospitals. Welcome back to The Atlantis Report. Please take some time to subscribe to my two back up channels. I do upload videos there, too, on a daily basis. You'll find the links in the description box. Thank You. Japan’s economy is facing the risk of a recession because the coronavirus outbreak is hurting tourism and production. Japan is on the verge of a technical recession. It is a situation generally defined by two consecutive quarters of falling production, but the eyes of the world are now focused on the country to understand if it can turn into a more profound crisis. The Financial Times, for example, wondered if there is anything the government and the Bank of Japan can do and if Premier Shinzo Abe will succeed in his ambition to revive the Japanese economy as his mandate ends. It is not only Germany, the European locomotive, that is entering a recession. The myth of Japan, whose economy is third in the world after the US and China, also creaks. Official data show a dizzying drop in GDP, which fell by 6.3% per year in the last quarter of 2019 (1.6% short-term), a much larger contraction than the 3.8% forecast by analysts, as well as the worst result since the first quarter of 2014. For Japan - the world's third-largest economy - it was the first quarter of contraction after three consecutive positive quarters. On the bench of the defendants responsible for the drop in GDP, the consumption of Japanese citizens who went down by 2.9%. The fault of the increase in the consumption tax passed from 8 to 10% and decided by the government of Abe ((already passed from 5 to 8% in 2014) to restore the state coffers and to meet the greater welfare expenses due to an ever older population. Last but not least, the damage caused by the two typhoons that hit the country between September and October and which caused a total of 69 deaths. The trade war between the USA and China also weighs heavily on the performance of the Japanese GDP, which certainly does not favor the free movement of goods and services. Theoretically, the increase in VAT would have been offset by other measures, given that Abe had made a maneuver with over 100 billion euros to be used to cut taxes. And now, with the arrival of the coronavirus, there is only one more reason to be pessimistic. Due to the epidemic, The Chinese tourists (who are the first in Japan) have drastically decreased, not to mention the fact that numerous Japanese companies, including Toyota, Honda, and Nissan, have suspended their production in Chinese factories. A closure is due not only due to fears of contagion but also, like the case of a Nissan plant in Fukuoka prefecture, to the delay in the arrival of some components from China. Still, Japan's economy is the third-largest in the world, after the US and China: there are numerous private companies - called keiretsu - and they are excellent in numerous sectors, from banks to cars, to microelectronics. The problem is that exports have also fallen exponentially. And despite the agreement between the US and China and Brexit, there are no clearings on the horizon. "Exports are likely to collapse again this spring," said Takeshi Minami, chief economist at the Norinchukin Research Institute, citing a recovery in global semiconductor demand. "Trade is unlikely to serve as the main driver of growth this year due to the economic slowdown in the United States and China," Minami added. In particular, exports to China, Japan's largest trading partner, grew by 0.8% in the year up to December. Driven by the demand for equipment for the production of chips, cars, and plastics. It was the first annual increase in 10 months. Shipments to the United States, the country's number two trading partner, fell by 14.9% year-on-year in December - the fifth consecutive month of decline - dragged down by cars, auto parts, and aircraft engines. Finally, exports to Asia, which represents more than half of Japan's total shipments, declined 3.6% in the year through December. For its part, the central bank (BoJ), last week at its first monetary policy meeting in 2020, decided to leave its monetary policy unchanged. The central institute led by Haruhiko Kuroda awaits the effects of the government's stimulus policy, while it instead revised its GDP estimates upwards. For the fiscal year 2019-2020, the economy is expected to expand to +0.8 % from + 0.6% in October. And for the 2020-2021 period, it is forecast at + 0.8% from the previous + 0.7%. According to those in charge of the Bank of Japan, solid domestic demand should help offset the weakness of exports and manufacturing activity, although uncertainties remain about trade relations between Washington and Beijing. As for the result of GDP, the Abe administration and the Bank of Japan expected a lower impact of the tax increase compared to the experience of 2014, when the economy recorded a decline of over 7%. In short, a backlash on consumption was expected but not of this magnitude. Also, because this time, the increase in taxes was more contained, food products were exempted, and the government adopted a series of countermeasures aimed at mitigating fluctuations in demand. But economists have said that some of the government's measures, such as discounts on spending through cashless transactions, have had limited impact as they have not attracted an older segment of the population unaccustomed to mobile payment platforms. The latest data show that private consumption fell by 11% year-on-year in the quarter, as households reduced purchases of cars, cosmetics, and household appliances. In 2014 the drop had been 18%. What will happen next with the coronavirus? "We will continue to pay attention to the effect of the virus on tourism and the economy in general," Economy Minister Yasutoshi Nishimura said in a statement. "Depending on the level of emergency, we will take the necessary measures flexibly and respond fully." Meanwhile, there are already many cancellations of the visits of hundreds of thousands of Chinese tourists to Japan at the beginning of the Japanese Olympic year. Thus affecting an important source of revenue. The longer the outbreak disrupts Japan's main trading partner's production and domestic demand, the more likely Japanese exporters will be affected. The Bank Of Japan has also signaled its concern about the virus. It is also likely to stress the need for further data to assess the underlying trend. Given the growing side effects of its massive easing schedule and the relative stability of the Japanese currency, economists believe further bank action is unlikely in the near future. The central bank has, however, already cut overnight interest rates to minus 0.1 percent and is, however, reluctant to do more for fear of negative side effects on the banking system. After the launch in December of a stimulus plan for the economy for 120 billion dollars, the economists are now considering an encroachment to combat the effects of the coronavirus. Effects not yet quantified but nonetheless certain, and which will be even more felt on an economy already in difficulty even before the virus hit. It seems pretty obvious that you are going to have severe economic repercussions when you lockdown and quarantine cities with millions of people. And not just in China but in every nation that depends on China. But have no fear. Governments will just steal more money and run up more debt to make the stock market investors happy. This is what you reap when one country controls so much of the economy of the world. No one can compete with China. Not even Japan. So a virus comes along with no cure insight, and it hits the country producing and exporting the most commodities of anyone at a price no one else can compete with. Even Japan cannot produce goods cheaper than China, and they are very good at the competition. The American corporations and businesses created the Chinese superpower, simply because they didn't want to pay American workers American wages. That's why China is a superpower now; plain and simple. We were stabbed in the back by our own businesses and corporations, and the cowards in Congress that allowed the free trade deals, both democrats and Republicans. While it may be bad news for Wall Street, that usually translates into good news for Main Street. Sure, the shelves may be a little bare, for perhaps even a prolonged period of time. We survived it before globalization, and I'm sure we can survive a pullback. In fact, it may even be for the better, as alternative supply lines can be developed. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my two back up channels, I do upload videos there too on a daily basis. You'll find the links in the description box. Thank You.