The Atlantis Report and Silver Report Uncut 11-1-2020
Atlantis Report
Stock Market : High Volatility before The Crash -- The Day of Reckoning is approaching
Premiered Oct 30, 2020
Stock Market : High Volatility before The Crash -- The Day of Reckoning is approaching
Stocks overpriced; political instability in Washington; Commercial real estate with zero occupancies; apartments with rent forbearance and no evictions allowed; bonds with puny interest rates, muni bonds awaiting local bankruptcies; and a highly volatile stock market ready to crash; technology stocks in an enormous bubble.
The real estate bubble is blowing in a huge way too,it is completely ridiculous in so many places.
Even the far-out outskirts are becoming super inflated now. So who you going to call before Armageddon!
For the full transcript go to https://financearmageddon.blogspot.com
Silver Report Uncut
Inflation Soars 12% In Turkey As The Currency Crashes 27%, Citizens Get Desperate To Escape The Lira
Oct 31, 2020
Turkey is not unique in that hyperinflation is the common result of using fiat currencies. Turkey's central bank is struggling to convince the public that the currency is undervalued following a 27% collapse in value.
We covered previously the desperate lengths people will go to to escape the Lira including taking out a new mortgage just to buy gold as the reports keep rolling in of Turkish citizens redeeming their savings to avoid the rapid deterioration of purchasing power.
This is the critical weakness with using money that is backed by nothing, it requires faith and once the people's faith in a fiat currency fails there's little left that can be done to reverse course.
The more people rush out of the currency into gold or other inflation protected assets the lower the currency falls and it becomes a self reinforcing system.
The main objective on everyone's mind is how do I stem the losses now which has been the driver behind the climb to record high gold prices in the Turkish Lira.