120814 – JPM Admits $150B Asset Fraud

Today’s Items:

Even the Mainsteam Media Now Thinks Germany Will Walk

Make no mistake. The Euro will collapse because it is a absolute mathematical certainty.   While everyone in the EU claims to support the EFSF, that was designed as a financial safeguard, only 3 billion euros has been put into it.   The real options for Germany are to leave the EU, leave the Euro, or kick out the PIIGS.   Either way, the euro is as good as dead.

We Could See A 100% Increase in 90 Days

Bill Murphy, whose London source predicts that gold and silver will go nuts in August, stated that JP Morgan is having a massive problem with their naked short silver position.   In fact, there has been a heavy covering of shorts in Chicago and New York that an imminent explosion in the price of gold and silver could be just weeks away. I certainly hope so…   Although I am not selling, this has been a long consolidation period.

JP Morgan’s $150 Billion FDIC Reality Adjustment

Officials at JP Morgan said it had a recovery plan in place, as ordered by regulators; however, get this…   The JP Morgan document details how a potentially $50 billion trading loss would be turned into a $200 billion trading loss as soon as the FDIC takes over.   Why?   Because they said that the FDIC would immediately write-down JP Morgan’s assets by $150 billion.   In short, Officials at JP Morgan have publicly admitted that they have miss-marked their assets by $150 billion! And one can be sure that this is the tip of the iceberg folks!

Problems Riddle Moves to Collect Credit Card Debt

Like the foreclosure process, there are problems emerging in the debt collection practices of credit card companies.    Judges are saying that banks, like Citigroup, are churning out lawsuits without regard to accuracy and improperly collecting debts from consumers.   In addition, lawsuits included falsified credit card statements, produced years after borrowers supposedly fell behind on their bills.   Looks like these broke banks are getting desperate to get some form of money at any cost…     Whether legal or illegal.

Issa to Sue Holder

House Oversight and Government Reform Chairman Issa plans to sue Attorney General Eric Holder for refusal to provide documents related to the “Fast and Furious” gun-smuggling operation.   Of course, if the suit is successful, one can expect the documents to have disappeared.   Perhaps we will have another Sandy Berger documents in the pants moment.

DHS To Purchase Another 750 Million Rounds Of Ammo

The Department of Insecurity, after purchasing 450 million rounds of hollow point rounds, has again made plans to purchase 750 million rounds.   So, they will have over a billion rounds of hollow point rounds that are strictly prohibited by international law for use in war.   Gee, guess they must be going rabbit hunting or something.

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:

George Soros Speech On Euro Financial Crisis

First, George Soros, as some may remember, has a history of saying one thing and doing another. One only need look at his shorting of the UK pound and his gold bubble statements as evidence of this. Anyway, this bastard may be correct in the demise of the Euro which lies simply with the fact that divergent economies using the same currency cannot stand.

End Is Here for Financial Markets

Jim Sinclair is stating that the end of the global economy is not near, but it is here. That means of course that the time for gold and silver prices to hit the roof is also very close. He has observed that people are behaving like a flock of disturbed sheep. Don’t be one of them…  After preparing, keep stacking physical.

Mole Helps Representative Issa Whack Justice Department

With the help of an anonymous source, who has been providing un-released documents in Fast and Furious, Representative Issa has been bitch-slapping Eric Holder. Holder, and his gang of criminals in the Department of Injustice are calling this a mole, while Issa is calling his source a whistle blower, which is protected under the law.

Obama: The Private Sector is Doing Fine

Like Romney, Obama is showing his contempt and disdane for the average American. He claims that the they created 4.3 million jobs over the last 27 months and 800,000 just this year alone. It is really amazing how out of touch this guy is with reality. Of course, this clown only cares about growing big government and has no idea what happens in the Private Sector or how it works.

China Can Shut Down All The Telecom Gear It Sold To The US

According to sources, Chinese companies apparently have a covert capability to remotely access communications technology sold to Western countries and could “disable a country’s telecommunications infrastructure before a military engagement. Great! So, if it says Made in China, then it is controlled by China? Time to buy American… Wait, they are out of business.

70 Facts about the U.S. Economy.

Here are a few…
1. Poverty rate for children living in the United States is a whopping 22 percent.
2. Official unemployment has been greater than 8 percent for more than 40 months in a row.
3. 48 percent of all Americans are either considered to be “low income” or are living in poverty.
4. The average American must work 107 days just to make enough money to pay local, state and federal taxes.

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.