Hyper Report recommends the reading of Gregory Mannarino’s The Game is Rigged
True Greek Debt to GDP Ratio is 421.7%
Despite talk of Greece leaving the Euro-zone and forfeiting the Euro, Greece’s debt is guaranteed at $1.3 trillion, and has an actual debt to GDP ratio of 421.67%. If Greece decides to stay in the Euro-zone then the question will shift to whether Europe will allow her to remain.
Spanish Bond Yields Rise On Regional Debt Worries
Spain’s 10-year yields rose 16 basis points to 6.335 percent. Spain has underperformed compared all the euro zone countries still financing themselves via markets. On top of public debt, Spain is hobbled by a banking sector overwhelmed by bad debts tied to a property market boom that bust and has some way further to fall.
Southern Europeans Wire Cash to Safer North
Most Greeks want to stay in the euro; however, they are hearing of the dreaded drachma about to fall out of the closet again. To that end, Greek investors are sending their hard earned money to Swiss banks where they believe it will be safer. Safer? So, when the euro bank runs accelerate, the Greeks will be even further from their wealth.
25 Signs That The Smart Money Has Completely Written Off Southern Europe
Here are a few…
1. Lloyd’s of London is publicly admitting that it is rapidly making preparations for a collapse of the euro-zone.
2. Spanish stocks continue to drop like a rock.
3. The head of the Swiss central bank has admitted that Switzerland is developing an “action plan” for how it will handle the collapse of the euro-zone.
Investors Are Unprepared For The Coming Detour
With the financial market effectively in chaos, the Keynesian fiat money experiment is coming to an end.
There are effectively three different options available.
1. Print money til there is a hyper-inflationary event.
2. Do not print and fall into a global deflationary depression.
3. An unlikely plan that recently came into focus – which is to reboot the whole global monetary system.
The path most likely to be chosen will be printing; thus, after preparing keep stacking.
New Gold and Silver Regulations
Capital controls on physical gold and silver are beginning to hit the streets. Dealers, like that in Chicago and even Arizona are being told to photograph the gold and silver they buy and upload it to a designated site within 24 hours. In short, the governments are getting desperate over these metals of tradition. Remember, silver and gold are to rebuild your wealth after the system collapses.
California’s Risky Bet on Facebook
In an act that seems like the State government of California would rather play Farmville instead of supporting real farms in California, they, in an attempt to shore up the state budget, went in and put taxpayer money down on Facebook, which opened at $38 and has been declining in value ever since. Did they think Facebook was their new golden goose? They certainly are not making any real friends. In short, add California’s taxpayers, unknowingly, to the list of suckers who bought Facebook stock.
Finally, Please prepare now for the escalating economic and social unrest. Good Day
The opinionated content contained in the Hyper Report text and videos are provided for informational and entertainment purposes only. Please use the information found within this site as a starting point for conducting your own research and before making any investing decisions. All stories are sourced and the information is assumed to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.
Pingback: HyperReport: 120529 – Southern Europe Written Off « Financial Survival Network