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The Atlantis Report
Premiered Apr 30, 2021
The Fed is bringing the USA into bankruptcy, with national debt hitting 30 trillion soon. The billionaires are already raking in record earnings with fed money literally stolen from the state. Who needs an enemy when you have the Fed.
The Fed is creating wealth ex ni·hi·lo simply by printing money and buying bonds, providing liquidity that finds its way into stocks, and keeping interest rates low to keep investor money flowing into the market. It’s keeping the market afloat as it wants to naturally correct because the market is overvalued. They can keep doing this until inflation gets out of control, then they will have to raise rates, and we can see a large correction.
The debt monster is loose.
S&P Global Ratings projects the global debt-to-GDP level will swell to a record 265% this year. It also expects insolvencies and defaults to rise to levels not seen since the 2009 crisis.
Higher leverage and “a more challenging operating environment” have led S&P Global Ratings to downgrade 22% of corporate and sovereign debt issuers globally — “particularly speculative-grade borrowers and those suffering most from the pandemic’s economic effects.”
According to the report, default rates could double by mid 2021.
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