Monthly Archives: May 2012

Demands for Cuts Before Debt Limit Increase

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News Flash:

House Speaker John Boehner will call for spending cuts and other federal budget changes at least as large as any increase in the U.S. government’s debt limit. From which was heard wild laughter from the White House as little lying Timmy Geighner said that lawmakers won’t need to raise the debt limit until early 2013.

Anyway, there are also calls to overhaul the tax code as well.

http://www.bloomberg.com

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.

120515

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Hyper Report recommends the reading of Gregory Mannarino’s The Game is Rigged

Today’s Items:

First…
Oil Down to Near $94 on China, Europe Concerns
http://www.philstar.com

Hey, what happened to the $5 to $6 dollar a gallon for gas that was predicted? Oil prices, and subsequent gas prices have been dropping. In fact, Oil has dropped because the Chinese economy is slowing faster than expected and the fiscal mess in Europe. Speculation that Greece will abandon the euro-zone helped boost the perceived value of the U.S. dollar, pushing down crude prices.

Next…
India April Inflation Worse than Expected
http://www.philstar.com

Expecting 6.7 percent inflation, what India got, instead, was 7.2 percent.   Food increased 10.5 percent in April alone.  India’s economy is growing at its slowest pace in over two years.   And the global economy continues to recover.

Next…
Signal A Collapse
http://kingworldnews.com

According to Dan Norcini, a colleague of Jim Sinclair, if we see a sustained yield on the U.S. 10-Year Note below the 1.8% level, it may trigger a global deflationary wave.  Of course, Benji Bernanke does not want a deflationary depression; therefore, he will do anything to prevent that from happening.  In short, Bernanke may not want to do another round of QE, due to the political implications, but the market may force his hand if stocks  and interest rates really begin to plummet.

Next…
Chaos, Derivatives, and Quantum Physics
http://www.financialsense.com

Everyday, the financial markets get more and more chaotic. In fact, derivatives have become so chaotic that they no longer obey the classical laws of physics.  It may not be long before those dueling manipulating supercomputers will be useless.  In the end, the only thing that one can count on is what they have in hand; therefore keep stacking physical.

Next…
If the Power Grid Goes Down, All Bets Are Off
http://www.youtube.com

Please review the video by SGT Report as he interviews James Wesley Rawles about what to do if the fragile Power-grid goes down.  Human nature is going to come into play as the collapse happens.  The best thing to do is to geographically isolate yourself, and your loved ones as much as possible and preposition your supplies as necessary.

Next…
If You Live In California Things Just Got A Whole Lot Worse
http://theeconomiccollapseblog.com
http://www.nytimes.com

These days, California is very similar to Greece in many ways.  You know, the calls for austerity – Yet the inability to balance the budget with a $16 billion shortfall.   Also, with taxes going up, there will be a lot more wealthy people warming up the moving trucks to get the hell out the state.   When that happens, expect that official 11% unemployment in California to go up big time.

Next…
Ron Paul Ends his Hunt for Votes
http://www.washingtontimes.com
http://dougwead.wordpress.com

Like Iowa’s vote hold, that turned out to be for Ron Paul instead of Goldman Sachs Romney, Arizona may also fall into the Ron Paul category.  With that said, Ron Paul is not going to spend money he does not have on states that have not voted yet; however, he is still in the race. He also encourages his supporters to still turn out and vote. And the race for delegates continues…

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.

Precious Metals Storage Facilities: Bad Idea!

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Opinion:

I have no problem during normal economic times of a private storage facility holding onto one’s physical precious metals, like gold and silver; however, it is increasingly becoming clear that we are not in normal economic times.  In fact, these are becoming increasingly more dangerous times.  To that end, I sadly have to believe having another party, no matter how responsible they may be, holding onto physical precious metals is no longer a good idea.

My reason for this opinion is not because these firms are not a safe haven to keep precious metals from theft, fire, or other unforeseen disasters, it is simply a question of what safeguards are there from some a secret federal court order, a law that was passed in the midnight hours, or a Presidential Executive Order that, in essence, orders the confiscation of physical precious metals?

The answer is sadly none – Other than some legal protest in court which will eventually be settled with a pretty piece of paper with some numbers on it… To be taxed of course.   Now, how about those firms that hold precious metals in other countries?   Has the term Nationalization not come to mind?  While the U.S. may have a structured court system, does one really believe that some executive in a foreign institution, in possession of that physical precious metals, is honestly going to say “No” when there is a machine gun pointed directly into his/her face?  Give me a break.

Also, if you have your precious metals, in the form of physically backed ETF’s, this can also present a significant danger, in that, government operatives will simply notify the institution to turn over the physical precious metals and you will, again, get a pretty piece of paper with some numbers on it…  To be taxed of course.

It is far easier, and more convenient, to confiscate precious metals when they are in a few strategic locations; as opposed to, many million of remote locations.

In short, if you prefer your Precious Metals to some pretty piece of paper with some numbers on it, do not put yourself in a compromised position of having a third party holding onto it.

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.