131010 – Default Risk

Today’s Items:

Rogue Political Weapon

Many had suspected it, and now it is confirmed.   According to emails obtained by the House Oversight Committee, Sarah Ingram, of the IRS, discussed confidential taxpayer information with senior Obama White House officials.    Until cleared up, the IRS no longer appears to be a legitimate government agency but a rogue political weapon.

Yellen Fed

Obama is going to nominate Janet Yellen to take over the Fed after Benji Bernanke exits.    In February, she stated that the high unemployment situation was largely cyclical and not structural; thus, her plan is to raise aggregate demand by printing more dollars.    Makes one wonder what criteria exists to run the Fed?

The Dollar Dies

Imagine how happy foreign leaders, whose economies and currency depend upon the U.S. Dollar, will be when their countries are in shambles because American politicians refuse to pay their bills.   The U.N. and IMF have been calling for a new reserve currency for some time; however, there is one that immune to the exposure to the U.S. dollar and that is physical gold and silver.    Is it any wonder that Central Banks hold 18% of all the gold ever mined?

Goldman’s Muppets

After advising their muppets  err….  clients to sell just two days before the deliberate and designed price smash in the price of gold, Goldman used the price weakness to increase their GLD holdings by 541%.    They want to accumulate gold before the eventual breakdown of the current, fractional reserve bullion banking ponzi scheme.

U.S. Treasury Default Risk

The cost of protecting against a default on U.S. Treasuries for one-year bonds has surged to the highest level since the Debt-ceiling debacle in 2011 and worse than Lehman.     Based on current levels, there is a 5.9% probability of default – the same as JC Penny in July.

New $100 Bill

The new 100 dollar bill costs 12.5 cents to produce.    This is a 60% increase over the 7.8 cents to make the old 100 dollar bill.    This is to prevent counterfeiting to everyone but the Fed.

12 Statements of U.S. Default On Global Economy

Here are a few…
1. Warren Buffett compares a debt default to a nuclear bomb; in that, it is too horrible to use.
2. Jim Grant says “Financial markets are all confidence-based. If that confidence is shaken, you have disaster.”
3. Lex Luthor says “Bring it On!”

Finally, please prepare now for the escalating economic and social unrest.    Good Day!

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

Today’s Items:

Madrid in ‘Game of Chicken’ With EU

Yields on Spain’s sovereign debt are rising and the economy is falling deeper into recession.  In fact, Madrid was considering directly injecting government bonds to pay for the rescue of Bankia.  So, does Spain need a bailout?   Hell, with 281.6 tonnes in gold reserves, that is exactly what is going to be offered.

Pending Home Sales Unexpectedly Slide in April

We’ll have to start calling “unexpectedly” the “U” word. Contracts to purchase previously owned homes unexpectedly fell 5.5 percent in April to a four-month low. The debt-fueled housing bubble is forcing home prices to fall; such that, millions of Americans owe more on their homes than they are worth. Experts are saying that that the deflation in housing prices are bottoming out.

Central Banks & Wealthy Are Now Big Buyers of Gold

The fuel for gold and silver to go up did not go away. What is happening is people, worldwide, are throwing their money around hoping to find something that will stick. The banking system in China, that is actually worse than in the West, is forcing Chinese to grab as much physical gold and silver as possible. Wealthy, private investors and Central Banks are buying physical. And if you have the means, so should you.

GLD Gold Rehypothecation and JP Morgan’s Derivatives

In an interview with Harvey Organ, he discusses that GLD vaults hold physical gold; however, it is not owned by GLD. It has been be re-swapped back to the Bank of England and is; in fact, probably Arab investor’s gold! Also, he says that the COMEX, the LBMA, and the Bank of England is only one physical inventory of gold. Just imagine the fun when they all want it back. In addition, it turns out that JP Morgan’s unfolding hedging crisis could bring down the whole financial system of the world. In short, prepare first and keep stacking.

Ten Ways the US Is Worse Than It Was In 1947

Here are a few…
1. In 1947, the U.S. government wiretapped one or two phones… today virtually everything is recorded.
2. In 1947, the U.S. debt was $248 billion after World War II, today it is nearly $16 trillion.
3. In 1947, dependency on the government was virtually unheard of, today it is nearly 50 million.

Fukushima Radiation Seen in Tuna Off California

Well, we now know that Charlie will not be vacationing near California for tuna that taste good. In fact, Charlie may opt out of the Northern Pacific since Cesium 137 has been detected in Tuna off the California coast.   Sorry Charlie.

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.