Hyper Report recommends the reading of Gregory Mannarino’s The Game is Rigged
As Spain is downgraded by Fitch to BBB, everyone in the EU is looking for ways to get out the debt pickle; however, politicians in France have decided they can spend their way to prosperity by lowering the retirement from 62 to 60. So, how can we insert the letter “F” into the acronym P.I.I.G.S? Guess we can say F and P.I.I.G.S.
Fed Could Act if Economy Weakens
Wall Street has been waiting with breathless anticipation as their crack daddy Benji Bernake announced that the FED could take action if the economy weakens. Translation: Stocks jumped as everyone is getting ready for more quantitative easing, or money printing. So, get ready for food, oil, and other commodities to go up big time.
Measuring America’s debt on an accrual, rather than cash basis, grows the current shortfall from $15.7 trillion to over
$50 trillion. Take note that the World GDP in 2011 was about $70 trillion.
Gold To Be Viewed As Risk Free Asset In This Chaos
Investors are racing here and there trying to find out where global markets are headed. Major Banks in both the Euro-zone and the U.S. are effectively insolvent and are desperate for capital to cover their casino-like losses. We continue to see money flowing into government securities as bond yields come down and an increasing number of people are seeing gold, and other physical commodities like silver, as a ‘risk-free’ asset. In short, after preparing, keep stacking.
Well, it may not be any surprise to anyone with an IQ greater than their shoe size; however, new documents are emerging showing how Obama, the liar-n-charlatan, hid his close affiliation with Chicago Chapter of a socialist party controlled by ACORN. Bet people cannot wait to see what snakes are in Romney’s closet since he also is secretive about his past.
10 Things That We Can Learn About Shortages and Preparation From the Economic Collapse in Greece
Here are a few…
1. Food Shortages
2. Medicine shortages
3. Power shortages
4. Water shortages
See a pattern?
Voters in California Back Pension Cuts for City Workers
In San Diego and San Jose, voters, by about 70%, approved ballot initiatives that cut retirement benefits for city workers. Looks like the voters are waking up to the gravy train that public employees have been on. If only they could cut the spending at the state level; however, that is not going to happen.
Finally, Please prepare now for the escalating economic and social unrest. Good Day
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