Category Archives: News Flash

Harrisburg, Pennsylvania to Skip Two Debt Payments

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News Flash:

The city of Harrisburg will skip $5.3 million in debt payments this week. Pennsylvania’s capital of about 50,000 people owe more than $346 million dollars from the expensive retrofit and repair of the city’s incinerator. That is roughly $7,300 per person.

Make no mistake, Harrisburg is not a fluke, other cities around the country are almost in the same fiscal shape. So far in 2012, there have been 21 defaults on muni debt totaling $978 million. Yet, politicians say we are in an economic recovery? Only if you are a Central Banker!

More at http://www.reuters.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.

Obama Impeachment Bill Now in Congress

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News Flash:

Rep. Walter B. Jones Jr., R-N.C., has introduced a resolution declaring that should the president use offensive military force in Syria without authorization of an act of Congress is an impeachable high crime and misdemeanor. Although Article 1, Section 8 of the U.S. Constitution gives Congress alone the power to declare war, does anyone seriously believe that Obama will be impeached. There are enough messed-up people in Congress who would not convict Obama if they even saw him running down pedestrians with his limo. At any rate, even if it passed the House, you can be sure it would not even be brought up in the Senate until the year 5000.

More at http://www.wnd.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.

Greece Default Is Official; Insurance Payouts Triggered

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News Flash:

A group representing dealers in credit default swaps decided that Greek’s bond swap constitutes a “credit event”. Greece pushed through a bond swap deal that forced bond holders to thake a significant “Haircut”. Greece is now restructuring its debt. It can be assumed that the Germans have already given the Greeks their hat and coat and pointed to the door. Needless to say this is going to have a negative impact on just about everything; however, in the long run, physical commodities will be where you want to be. In short, keep stacking!

More at http://www.cnbc.com/id/46683364

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