The Atlantis Report and The Nomad Economist Friday Night 5-28-2021
The Atlantis Report:
Prepare For Bank Runs As The Fed Printed More Money than The Chinese GDP in last Month Alone
Premiered 5 hours ago
Prepare For Bank Runs As The Fed Printed More Money than The Chinese GDP in last Month Alone
The Banks are in trouble because people are defaulting on their loans. If people aren’t earning as much money as they were when they were working, especially small businesses, they’re not paying their loans. So, the banks are not getting interest payments. They’re getting defaults.
In fact, there was already trouble in the subprime markets before the pandemic. Both subprime credit card and auto loan defaults were rising. That will only increase with millions of people suddenly unemployed.
The Bankers are staring into an abyss.
The Problem is Main Street just doesn't know it is staring into the same abyss. Even when the economy is overheating, banks are insolvent by design. The more insolvent they are, the more they fleece the sheep. It is all perfectly legal, of course.
Now people are starting to realize that they have been funding compulsive gamblers with unsecured loans at perhaps twenty-five percent interest rate on their bank deposits . And when you realize that governments have made this all legal and that they have pushed through bail-in legislation to protect the taxpayer from bank insolvency, do you trust your government to do anything that is for your benefit?
We are wearing masks, But it is the banks doing the robbings.
The financial sector is the key to the US economy. They shouldn’t be, but they are because we have a bubble economy. We have an economy based on credit, based on debt.
So, not people spending the money they earned, but spending the money they didn’t earn, but they borrowed.
For the full transcript go to https://financearmageddon.blogspot.com
The Insidious Agenda Of The Global Elite Is Moving Forward Very Rapidly
The Nomad Economist: Premiered May 26, 2021
The global elite have an entirely different perspective on things than most of the rest of us. Most people are not focused on “global issues” because they have enough to deal with just trying to run their own day to day lives.
But the global elite have so much money that they don’t have to endlessly work long hours in order to “make a living”, and others take care of mundane daily tasks for them.
So the global elite are able to pour an inordinate amount of time and energy into the issues that they consider to be important, and population issues are right at the top of the list for many of them.
For the full transcript go to https://financearmageddon.blogspot.com