100812 - Hyper Report
Uploaded by HyperReport on 12.08.2010
Transcript:
Hello, this is Scott... And this is the Hyper Report for August 12th
of 2010.
Gold is currently trading at 1205.43 Silver is at 17.95
The Silver to Gold Ratio is 67.15 Oil is at 76.97
and the US Dollar is at 82.75
First... U.S. Is Bankrupt and We Don't Even Know
Last month, the International Monetary Fund released its annual review of U.S. economic
policy. Delve deeper, like into section 6, and you will find that the IMF has effectively
pronounced the U.S. bankrupt. To close the fiscal gap, from the revenue side, requires
an immediate and permanent doubling of our personal-income, corporate and federal taxes.
So is the IMP bonkers? No. It has done its homework. So has the Congressional Budget
Office whose Long-Term Budget Outlook, released in June, shows an even larger problem of Unofficial
liabilities like Social Security and Medicare. Add this up and the US is in worse shape than
Greece.
Next... Why the Social Security Trust Fund is Useless
Remember when Al Gore spoke of the Social Security Lock Box. Well, it looks like it
was full of funny money. Social Security is now running a negative cash flow. In other
words, the trust fund is of no economic value, or is essentially a Ponzi Scam perportrated
by the US Government.
Next... Cash-Hungry States Add Casinos, Lure Same
Gamblers And you thought that Indian tribes had the
lock on Casino's in the states. Cash strapped states are looking for money any way they
can, and now, in addition to state lotteries, the lure of state run casino's are looking
attractive. The sad part is that lotteries have always been the poor man's tax; therefore,
casino's will be another to make the poor even more poor.
Next... 30,000 Line Up For Housing Vouchers, Some
Get Rowdy In an example of where we are going, fights
were breaking out and police having to stop people storming the doors as tens of thousands
of people were hoping to get federal housing assistance. Can you imagine the scene when
food, or gas, riots begin?
Next... When Will Financial Armageddon Begin?
A little more than two years ago, economist John Williams of shadowstats.com predicted
a “severe recession” was coming and soon. Most so-called experts, at the time, did not
see the financial meltdown coming, let alone that all the banks were in trouble. Williams
also predicted 2 years ago we would have a “hyperinflationary depression” within
10 years. Then, about a year ago, he revised his prediction and narrowed the window to
“five years.” He is now warning that the timing of the looming U.S. financial Armageddon
is coming into better focus, with increasingly high risk of it breaking within the next six
months to a year.” Never in US history has a recession struck after several extended
months of emergency ultra-low interest rates. This will be the first such occurrence. The
policy response from the USFed must therefore be limited. In short... sadly, time is running
out folks to get yourselves and your loved ones ready.
Finally, Please prepare now for the forthcoming economic,
and subsequent social, unrest that will hit the US.
Good Day
of 2010.
Gold is currently trading at 1205.43 Silver is at 17.95
The Silver to Gold Ratio is 67.15 Oil is at 76.97
and the US Dollar is at 82.75
First... U.S. Is Bankrupt and We Don't Even Know
Last month, the International Monetary Fund released its annual review of U.S. economic
policy. Delve deeper, like into section 6, and you will find that the IMF has effectively
pronounced the U.S. bankrupt. To close the fiscal gap, from the revenue side, requires
an immediate and permanent doubling of our personal-income, corporate and federal taxes.
So is the IMP bonkers? No. It has done its homework. So has the Congressional Budget
Office whose Long-Term Budget Outlook, released in June, shows an even larger problem of Unofficial
liabilities like Social Security and Medicare. Add this up and the US is in worse shape than
Greece.
Next... Why the Social Security Trust Fund is Useless
Remember when Al Gore spoke of the Social Security Lock Box. Well, it looks like it
was full of funny money. Social Security is now running a negative cash flow. In other
words, the trust fund is of no economic value, or is essentially a Ponzi Scam perportrated
by the US Government.
Next... Cash-Hungry States Add Casinos, Lure Same
Gamblers And you thought that Indian tribes had the
lock on Casino's in the states. Cash strapped states are looking for money any way they
can, and now, in addition to state lotteries, the lure of state run casino's are looking
attractive. The sad part is that lotteries have always been the poor man's tax; therefore,
casino's will be another to make the poor even more poor.
Next... 30,000 Line Up For Housing Vouchers, Some
Get Rowdy In an example of where we are going, fights
were breaking out and police having to stop people storming the doors as tens of thousands
of people were hoping to get federal housing assistance. Can you imagine the scene when
food, or gas, riots begin?
Next... When Will Financial Armageddon Begin?
A little more than two years ago, economist John Williams of shadowstats.com predicted
a “severe recession” was coming and soon. Most so-called experts, at the time, did not
see the financial meltdown coming, let alone that all the banks were in trouble. Williams
also predicted 2 years ago we would have a “hyperinflationary depression” within
10 years. Then, about a year ago, he revised his prediction and narrowed the window to
“five years.” He is now warning that the timing of the looming U.S. financial Armageddon
is coming into better focus, with increasingly high risk of it breaking within the next six
months to a year.” Never in US history has a recession struck after several extended
months of emergency ultra-low interest rates. This will be the first such occurrence. The
policy response from the USFed must therefore be limited. In short... sadly, time is running
out folks to get yourselves and your loved ones ready.
Finally, Please prepare now for the forthcoming economic,
and subsequent social, unrest that will hit the US.
Good Day