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

Today’s Items:

First…
Bank Runs
http://blog.alexanderhiggins.com
http://www.zerohedge.com
http://www.npr.org
http://problembanklist.com

In the EU, bank runs are accelerating.  For example 100-500 million euros are being withdrawn a day in Greece.  Of course there are three ways to stop a bank run…
1. Slow it down by declaring a bank holiday like in Italy when a major bank went on a Roman Holiday until July 1st.
2. Borrow money from a central bank.
3. Insure the deposits with some underfunded agency like the FDIC.

Next…
EU: movement of money, people can be limited
http://news.yahoo.com
http://money.msn.com

EU officials are working on range of contingency scenarios, like capital controls, for the possible Greek exit from the euro, to try to protect public order.  Public order?  Are they kidding?  Sounds more like they are gearing up for a Euro-zone police State to match the one in North America.  At any rate, you know things are bad when MSN is questioning paper money because the euro is breaking.

Next…
US Exempts India, Six Others From Iran Sanctions
http://news.outlookindia.com
http://www.thedailysheeple.com

The US has exempted India, Malaysia, Republic of Korea, South Africa, Sri Lanka, Turkey and Taiwan from sanctions on Iran’s oil trade.  Officials cite reduced oil purchases; however, with gold in the picture, is that really believable?  If these, and other countries went forward with gold based trade, it would accelerate the dollar’s downfall.

Next…
American Wealth Fell 39% From 2007 to 2010
http://www.washingtonpost.com

According to officials at the Federal Reserve, the ongoing depression has wiped out nearly two decades of Americans’ wealth. In just three years, the median net worth of families fell from $126,400 in 2007 to $77,300 in 2010, or a 39% drop. Can you imagine the drop between 2010 and today? Not good.

Next…
The Hoax Of Modern Medicine: Seven Facts You Need To Know
http://www.naturalnews.com

Here are a few…
1. 90 percent of all diseases, such as cancer or heart disease, are easily preventable through diet, nutrition, sunlight and exercise.
2. No pharmaceuticals actually cure or resolve the underlying causes of disease.
3. There is no financial incentive, for pharmaceuticals, to actually make patients well.

Next…
Bank of America Pledges $50 Billion to Combat Climate Change
http://english.capital.gr

Bank of America has pledged $50 billion over the next 10 years to address climate change.  The question is, where exactly are they going to get this money and with the derivatives, the bank is unlikely to be around in 5 years.

Next…
North Dakota Considers Eliminating Property Tax
http://www.nytimes.com
http://www.usatoday.com
http://news.investors.com

Like Alaska, in 1980, voters in North Dakota will decide to abolish the state property tax.   The oil boom makes it easier to get rid of the tax.  Overall, U.S. states spending is up 14% since 2008, this may be a way to curtail, the spending spree.

Next…
Why You Absolutely Must Have Food Supplies, Hard Assets and Reserve Cash
http://www.shtfplan.com

In the event of a bank holiday, do you have real cash on hand to get through the next 2-4 weeks?  If the money system collapses, because of the derivative implosion, do you have physical silver and gold to rebuild your wealth?  In addition to those scenarios, you need food and supplies like toilet paper.  Can you look at your family in the eye and honestly say… “Yes, we are as ready as we can be.”

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.