Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Friday, June 12, 2020
๐Bankrupt Hertz Stocks up 50% -- Day Trading Madness !!
๐Bankrupt Hertz Stocks up 50% -- Day Trading Madness !!
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. Share. Subscribe. Leave me a comment. 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!
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Monday, June 8, 2020
๐The Dow is taking off like a SpaceX Rocket Ship !!๐๐ฑ๐๐
๐The Dow is taking off like a SpaceX Rocket Ship !!๐๐ฑ๐๐
The Collapse of America is bullish. America is collapsing, but The stock markets are roaring up, and the Dow shoots up to the moon. What a bizarro world are we living in! Nothing surprises me anymore. The bankruptcy rate of small and medium businesses is going ballistic. The US Bankruptcies Soar 48% In May, The most since the financial crisis. The trade deficit continues to expand. Millions of Americans are out of work. Nearly 43 million Americans have filed for unemployment benefits during the pandemic. For 11 weeks in a row, jobless claims have been in the millions. The "unexpectedly strong" US jobs report actually admitted that it was fake. The national debt has hit $26Trillion, and the tax takes are falling off a cliff. Debt to GDP is sitting at 130%. But if you include state and local debt, the total Debt/GDP ratio is 146.5%. And should be heading for 300% soon. Soon to exceed Japan's ratio. And The US stocks are hovering near a three-month high, The stock markets are up, oil prices almost back to their old, and Trump is tweeting the hell about it. Don't understand how the Saudis can raise the price of crude when there is no demand. These Markets are on Crack. We have now entered the Twilight Zone. The Dow is taking off like a SpaceX rocket ship. This rally is as organic as a bag of Cheetos. Bankruptcy news can apparently send your share price flying 825% these days. The Stocks are all that matters. Nothing that free money from the federal reserve can't fix. After all, they are zillionaires. The inmates have taken over the asylum. If we’re talking in terms of numbers, yes, the markets have recovered to almost their All-Time Highs. In terms of logic and sense, it went the opposite way. It recovered based on absolutely NOTHING. The bad news was good news. The Fed fell asleep with the finger on the 0 button. They started with 1, and the 0’s kept going. This is the only reason markets went up. I bet we would be below 10,000 on Dow if they didn’t pump it. THE FED and the government have been the spender of last resort. Debt to infinity, or there is nothing left to pay. The breakdown and tipping point is in the past, in early 2020. Now we watch it all unwind back to the Middle Ages. You won't have to blink many times before you will see the marines in the streets. A total descent into chaos is on the cards. Money can be printed. Wealth cannot. There is no chance this rally is not orchestrated. I mean completely orchestrated. Bears will have to wait for another shock. As long as the ALGOs can make their midday snake channel, this will go on for a long time. For that, the volume must be kept relatively light. The ALGOs are masters of that. "The stock market is NOT the economy." War, natural disasters, pestilence, they have no effect on stocks. The "Capital Impairment" of the US is real and not going away. It's been caused by picking apart the US infrastructure, private tangible productive capital, and pretending that "made up" substitutes like "Knowledge/Service Economy" are drop-in equivalents. They aren't, and we've seen how much they aren't with COVID in terms of the total inability to respond to it because we no longer make fundamental things. How quickly the Potemkin "Knowledge/Service" economy collapsed, and How quickly the supply chains of "real products" from overseas have collapsed. Just like in 2008, people left the market. Especially older people. Liquidity goes down; manipulation is easier and cheaper. So yes, the economy in the shitter, and the stocks up. Riots in your city defund police. Basically, the algorithm is anything that's extreme and doesn't make sense. That's what's profitable. Fake economy and fake stock market. Those large companies with their stocks at all-time highs will now buy all the bankrupt companies for pennies! All part of the plan. Never let a crisis go to waste. The stock markets, and all the markets for all we know, are being driven, not by normal investors, but by free money from the federal reserve. They give free money to the banking system, and they buy up all the stocks with this free money, as ordered. And this is just the stuff they are doing openly. They've been manipulating everything financial in secret for decades now. This is why they don't want us to see their "secret" books. In the old days, we had the expression, "It's the economy stupid." But that has been replaced with "It's the FED stupid." They are at the controls, not us. The unemployment rate could go to 100 percent, and markets would still go higher as “the Fed continues gifting trillions of dollars to America’s overlords who use the money to fund their cartels. It's just insane. So far, the central banks are winning at their game again. Can't last forever, but right now, they have proven everyone wrong. When it does go bust, it's going to be one historical event. If a 2000 tech bubble is worth over -50%, you can be sure that global economic dumpster fire is worth a hell of a lot more than -35%. It's why the Fed is pumping in the first place, and why the data is being falsified. The more Central Banks money printing neither helps inflation (beyond the stock market) nor employment (as any money corporations get will go into buybacks). So, why in the world are Central Banks printing money, besides helping out the global elite. The FED is not 'supporting the markets'; the FED is gifting their crony friends with stolen money. Wealth confiscation via the inflation tax. The Fed is robbing people with insider trader scheme. The money printing goes to zombie banks, zombie companies, and bank cartels that put it in their pockets. The productive part of the economy is starved of cash and dies. Central Banks are doing illegal money printing for the wealthy. It's only pushing more and more poor and middle-class people towards socialism. Central Banks have murdered the free market. This endless money printing for Wall Street is fueling this stock market bubble. It's pissing people off and pushing poor and middle class to say effe it, bring on socialism! All part of the plan. Just imagine in a few years an AOC type as President getting a hold of the Fed's money printers!. It’s All Fake, It’s Rigged, and It’s an epic Criminal Fraud. And the consequences will be historic for the armies of unconscious Dolts that cheer it on. Yet, the Wall Street degenerates continue to gorge [enrich] themselves on public-funded debt (Welfare for Wall Street), unabated. Meanwhile, the tax slaves ultimately on the hook for Wall Streets free-ride & easy money are burning down their businesses & communities. It seems all is well in Slavelandia. The tax slaves are too busy protesting or quarantining while the Wall Street elite are in Martha's Vineyard or the Caribbean (must stop at the Cayman Islands to check on accounts) cheering on the protests and giving sound bites on Bloomberg about social justice. People really are stupid. With the US economy dead since 2008, the only thing left for the Fed is to print trillions of dollars in debt. No one with an ounce of common sense is going to invest in this market. The valuations don't even make sense, assuming a full return to pre-COVID economic activity. We are watching a market completely detached from fundamentals. I don't know why the FED would think this is healthy. Maybe they can't really control where the money goes, and they feel it necessary to support the various markets they are shoveling money into? After all, What good is an inflated stock portfolio if you live in a poor and divided nation. This system doesn't have a "few years." This action is to keep the economy alive until after the election, and then we get the reset and new system. Whatever the hell that is going to be. I doubt it's going to be "better" for anyone watching this. How is it that our politicians on both sides and the entire media conspire to help the big banks and big companies, calling them too big to fail? How can America yearly spend a trillion dollars more than it takes in, and it just is ok? But if an individual does it, they go broke! The middle-class Americans, seeing their standard of living, evaporate, yet the stock market comes soaring back. The disconnect is deafening. Zimbabwe is the template. In the end, they will say, "We did all we could, but the US dollar died anyway. But we do have this New One World Currency we would like to introduce the world to. Try it; You'll like it (since we left you with no other choice)". Everything is moving along as planned. The U.S. dollar’s days as the world’s reserve currency could be numbered. World history tells us all fiat paper currencies head to their true fundamental value eventually. ZERO. In the last 570 years, there have been 6 World Reserve Currencies, each lasting between 80-110 years. The US $ is now in year 100, and many textbook distress signals are now in place. Will the 2020's be 'The Last Hurrah'? WHAT ARE THE DISTRESS SIGNALS? WHERE ARE WE? 1) Sky High Debts that can NEVER be repaid. 2) 0% Interest Rates. 3) Rising Unemployment. 4) Panic buying & Supply shortages. 5) Social Unrest. 6) Government Bonds Yields at record lows. 7) Endless Helicopter Money Printing propping up economies. ENDLESS MONEY PRINTING will CAUSE ZIMBABWE, WEIMAR REPUBLIC, ARGENTINA, VENEZUELA STYLE RUNAWAY INFLATION !! The elites know this system has reached its end, and the dollar needs to go away for the simple fact that they want more control by using digital currency. If the dollar is dethroned as the world reserve currency, I would expect it to be replaced by some “global currency,” not by an individual country’s currency. That’s what the elites have been incrementally working toward for quite a while. America is circling the drain because we have had shitty leaders for three decades. Or even six decades with one or two exceptions. Trump has been pumping up the over-valued markets and convincing main street, the stock market is A. the economy and B. a good investment, despite the first being stupid and the second being even dumber. The market is soaking up the inflation of the recent money printing,$6 trillion at least. A devaluation to pay down debt. Debt that will keep the music playing. Fed debt and government debt are used to control the sheeple. Sheeple debt is different and has to be serviced, or the system collapses. As Venezuela melted down, they had the best performing stock market in the world for five straight years. We are melting down. The stock market is going to da moon.....to da moon. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. All that matters is our government's continued willingness to disregard the financial well being of future generations to keep markets lofty these days. Next month ought to be interesting, starting off with a huge correction in the BLS employment numbers, and also disastrous quarterly corporate reports starting to come out. And the lag effect of this economic downturn will start showing up in our economy. Defaults on mortgages should skyrocket unless the fed steps in with trillions of newly created dollars. But they won't bail out the individuals. They will only bail out the banks and the markets (for now, until the time the order is given to pull the plug on the markets). The individuals will be dumped on the side of the road and left for dead. But never mind all that, the economic downturn is over! Stocks have skyrocketed, we created millions of new jobs, everything is just great. Smoke and mirrors at its finest. Free money from the federal reserve is manipulating the markets higher, and now fake government stats have joined in on the delusion. In the old days, we only had to deal with fake news; now, our entire markets and government stats are fake. The Fed already tried raising interest rates gradually from 2015 to late Summer 2019, and the financial system began signaling imminent collapse by Sept. 2019. Go ahead, raise rates again, and collapse the economy before it has even begun to recover. Apparently, the current riots with looting and arson plus murder and assault are not an adequate reset! Everyone should wake up before they are dragged into an intersection and beaten to death. The 2008 recovery only really favored the few anyway, and 2020 is grotesquely more severe as many of the previous jobs never return and what new ones do appear will not cover the losses. If anyone at the Fed triggers ANOTHER Crash by raising rates before the fires are extinguished should have all their wealth seized. To have any sort of civil peace, many more trillions will have to be passed out annually. And to do that rates will have to be Zero- for 10, 20, or even the balance of the century. The game ends when markets are too big for the Fed to manipulate. In the meantime, nothing can stop this emerging bull market as everyone knows that when the next ginned-up crisis emerges that the Fed is going to monetize equity (buy stocks outright). So buy all the stocks you can because when the dung hits the fan, the Fed will make you whole. This rally is orchestrated. No real thing will turn the market down as long as the system of organized support does not fail. As long as the volume can be held down by the ALGOs, the uptrend can last until there is another shock. It is the same game everyday. If it opens down, stocks land in a waiting basket. Prices are then managed back higher. Goal one is always to close green for the day or secondly, well above the open if that is not possible. Stocks are frequently gaped higher. The same basic pattern ensues, and the goal is to close at the high for the day, if that is not possible, no black candles or thirdly up for the day. The basic pattern is the same every day. Deal with the sellers in the first 30 minutes. Make a snake-like low volatility pattern until the close. Trial rallies are attempted throughout the day. The close is always banged. Every now and then it doesn't work, but even then it doesn't do too badly, Will this pattern be present tomorrow? It always is. Why would tomorrow be any different? It is silly to attribute rallies like this to organic trading. That is ridiculous. The really big question is "when to cash in and then where to put the proceeds." The petrodollar Ponzi is kaput, trillions created with a mouse click, and backed by some lizard on TV. Digital wheelbarrows of money for just a measly single share. Good luck with that. If you're not stacking gold/silver and bitcoin, you're going to be eating gruel in the Bolshevik gulags. Hear me now and believe me later. And stack useful assets. A solid diesel truck. Housing. Some basic commodity company stocks etc. Ammunition, of course. Body armor. Get more Precious Metals while you can. They will be too expensive and unobtainium later. Junk silver (90%) is still cheap and available in 1964 or earlier US coins (halves, quarters, dimes), and Franklins and Liberties. :Bunkers,Bullets,Beans,Bullion,COFFEE,BOOZE,LAND,And MEDICAL SUPPLIES. 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!
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Saturday, June 6, 2020
๐Is the New Jobs Report Really this Positive !
๐Is the New Jobs Report Really this Positive !
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. 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!
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!