110602 - Hyper Report
Uploaded by HyperReport on 02.06.2011
Transcript:
Hello, this is Scott... And this is the Hyper Report for June 2nd
of 2011.
Gold is currently trading at 1543.00 Silver is at 37.06
The Silver to Gold Ratio is 41.64 Oil is at 100.35
and the US Dollar is at 74.34
First...
The Canadian Dollar is No Haven from a US Dollar Collapse
There are numerous reasons why the Canadian dollar will not survive a US dollar collapse:
1. The Canadian economy is very tied to the US economy
2. The Canadian Government is intent on devalu虹ng the Canadian dol衍ar alongside the US
3. The Bank of Canada has virtually no gold backing the Canadian dollar
4. The Canadian dollar is not used globally
Many of these reasons are also why no other fiat currency will be haven either.
Next...
Horror for US Economy as Data Falls Off Cliff
The last month has been a horror show for the U.S. economy, with economic data falling
off a cliff.
1. US house prices have fallen by more than 5 percent year on year.
2. The trend of improving jobless claims has arrested.
3. durables goods orders shrank.
Get ready folks... It gets bumpy from here. All this bad news now when the economy was
just as bad in previous months can only mean one thing.... someone wants QE3.
Next...
Prepare for More Money Printing
It is becoming more and more apparant that there will be more money printing.
The bond markets are essentailly smaller and need the quantitative easing.
Weather it is called QE3 is not important. What is important is that the current inflation
people are seeing in food and commodities are a result of QE1.
Just imagine what they will be when the effects of QE2 get started in the next few months.
Next...
40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy
Here are a few.... 1. The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
2. In 2010, the number one U.S. export to China was "scrap and trash".
3. The average household debt load in the United States is 136% of average household
income vs. 17% in China 4. China now consumes 53 percent of the world's
cement. 5. In 2010, the US spent $365 billion in goods
in services from China vs. the $92 billion they spent on the United States.
Next...
Cities That Weathered Housing Bust Now Suffering
Even cities that weathered the housing market crash with relatively little damage are suffering
now. From forclosures to migration of people, home
prices are falling. According to the S&P's Case Shiller 20-city
monthly index, home prices in big metro areas have sunk to their lowest since 2002.
This means less money, in the form of property taxes to help those cities facing a budget
shortfall.
Next...
Amazon Tax Bill Passes State Assembly
California lawmakers, in a financial jam, are now trying to gather revenue from the
internet. Over $1 billion in taxes would come from Amazon
alone; however, this may be means to drive more business out of California.
Imagine internet giants announcing they will not ship to California?
Finally, Please prepare now for the developing economic
and social unrest. Good Day
of 2011.
Gold is currently trading at 1543.00 Silver is at 37.06
The Silver to Gold Ratio is 41.64 Oil is at 100.35
and the US Dollar is at 74.34
First...
The Canadian Dollar is No Haven from a US Dollar Collapse
There are numerous reasons why the Canadian dollar will not survive a US dollar collapse:
1. The Canadian economy is very tied to the US economy
2. The Canadian Government is intent on devalu虹ng the Canadian dol衍ar alongside the US
3. The Bank of Canada has virtually no gold backing the Canadian dollar
4. The Canadian dollar is not used globally
Many of these reasons are also why no other fiat currency will be haven either.
Next...
Horror for US Economy as Data Falls Off Cliff
The last month has been a horror show for the U.S. economy, with economic data falling
off a cliff.
1. US house prices have fallen by more than 5 percent year on year.
2. The trend of improving jobless claims has arrested.
3. durables goods orders shrank.
Get ready folks... It gets bumpy from here. All this bad news now when the economy was
just as bad in previous months can only mean one thing.... someone wants QE3.
Next...
Prepare for More Money Printing
It is becoming more and more apparant that there will be more money printing.
The bond markets are essentailly smaller and need the quantitative easing.
Weather it is called QE3 is not important. What is important is that the current inflation
people are seeing in food and commodities are a result of QE1.
Just imagine what they will be when the effects of QE2 get started in the next few months.
Next...
40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy
Here are a few.... 1. The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
2. In 2010, the number one U.S. export to China was "scrap and trash".
3. The average household debt load in the United States is 136% of average household
income vs. 17% in China 4. China now consumes 53 percent of the world's
cement. 5. In 2010, the US spent $365 billion in goods
in services from China vs. the $92 billion they spent on the United States.
Next...
Cities That Weathered Housing Bust Now Suffering
Even cities that weathered the housing market crash with relatively little damage are suffering
now. From forclosures to migration of people, home
prices are falling. According to the S&P's Case Shiller 20-city
monthly index, home prices in big metro areas have sunk to their lowest since 2002.
This means less money, in the form of property taxes to help those cities facing a budget
shortfall.
Next...
Amazon Tax Bill Passes State Assembly
California lawmakers, in a financial jam, are now trying to gather revenue from the
internet. Over $1 billion in taxes would come from Amazon
alone; however, this may be means to drive more business out of California.
Imagine internet giants announcing they will not ship to California?
Finally, Please prepare now for the developing economic
and social unrest. Good Day