Hyper Report recommends the reading of Gregory Mannarino’s The Game is Rigged
Today’s Items:
First…
German Patience With Greece on the Euro Wears Thin
http://www.cnbc.com
Just weeks ago, the idea that Greece would leave the euro zone was almost unthinkable to many. Now, after the election, Merkel – to save her own backside, is not handing but throwing the Greeks the proverbial hat and coat. Of course, right after Greece is the much larger problem of Spain and Italy with far greater consequences. It increasingly appears that the only viable solution for Merkel to have a small amount of pain now, as opposed to continued pain, is to bring back the Deutschmark super fast.
Next…
Gross Says QE3 Getting Closer as Goldman Sees Easing
http://www.bloomberg.com
Bill Gross and Jan Hatzius of Goldman Sachs are both saying to get ready for that QE3 announcement. Yes folks, as the paper manipulation plays temporary havoc with the price of commodities, look for the proverbial printing press to engage the warp drive as the U.S. economy continues its death spiral. That announcement could come when the Fed meets on June 19 and 20th.
Next…
Social Security Benefits Could Be a Thing of The Past
http://news.goldseek.com
With Social Security revenues of 510 billion and expenditures at 1.055 trillion, the system is failing. In fact, just the expenditures to honest retired workers alone is $520 billion. Disabled Workers, food stamps, medicaid and extended unemployment benefits make up most of the rest of the expenditures. But, do not worry, there are those private 401K’s and IRA’s that the government can confiscate to cover this.
Next…
U.S. Millionaires Told Go Away as Tax Evasion Rule Looms
http://www.bloomberg.com
Capital controls are getting more frustrating for Americans who want to diversify their wealth abroad. In fact, many foreign banks will not open accounts for Americans period because of the Foreign Account Tax Compliance Act that comes into being in 2013. With all that money, just sitting around, it sounds like they could just buy a bunch of physical gold and silver and let it gain value as the dollar collapses.
Next…
24 Facts That Prove That America Is A Nation Of Slobs
http://endoftheamericandream.com
Here are a few of these feel-good facts.
1. 36 percent of all Americans are obese.
2. Americans take more prescription drugs than anyone else on the planet.
3. The United States has the highest teen pregnancy rate.
4. Consumer debt in America has increased by a staggering 1700% since 1971.
Next…
Army Admits Re-Education Camp Manual “Not Intended For Public Release”
http://www.infowars.com
Army Public Affairs director Tiffany Wood stated that the manual, for Concentration Camps for Americans, was not intended for public release. The manual, from 2010, also makes clear that the internment facility is not only a re-education camp but also a forced labor camp. The manual also details how prisoners will be identified by their “social security number.” Things just get worse folks.
Finally, Please prepare now for the escalating economic and social unrest. Good Day
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