150125 – IRA Accounts Bill


Today’s Items:

First…
Negative Interest Rates
http://www.zerohedge.com

It is being put forth that in order to deal with a rapidly strengthening dollar that will make American goods and services more expensive abroad and slow both U.S. growth and inflation, the Fed will start charging negative interest rates on bank reserves. This could ripple through the markets and result in negative interest rates on savings at banks. The idea of real money in the mattress is sounding better and better.

Next…
End of the Euro
http://theeconomiccollapseblog.com

The speed at which the euro has been falling in recent months has been stunning, and now with the the European Central bank creating more than a trillion euros out of thin air over the next 18 months to buy mounting debt, things are likely to get a lot worse. After all, the divergent economies with divergent labor market trajectories within the Eurozone cannot strive when tied to the same currency. And with the Greeks voting for a free lunch err… the Syriza party, what could go wrong?

Next…
Cashless Society
http://www.infowars.com

Bill Gates is now promoting “digital currency” in third-world countries, which will make the poor even more dependent on central banks while also turning them into guinea pigs for the development of a “cashless society” in the U.S. and Europe. Yes, with a banana government-controlled currency, it will be easy for government officials to impose a tax and confiscate money automatically.

Next…
IRS Contracts Out
http://dailycaller.com

The IRS has awarded a $4.5 million IT contract to the same company that the was fired for their botched work on the Obamawreck website to oversee the Obamawreck tax program. A review of the Obamawreck website found over 21,000 lines of defective software code and this company is going to handle billions of dollars in taxes?

Next…
IRA Accounts
http://thehill.com

A bill has been proposed to make IRA accounts easier for people. Of course this is only the first step of five…
Step 1: Create IRA accounts.
Step 2: Mandate IRA accounts.
Step 3: Require IRA accounts to invest in U.S. Bonds.
Step 4: Nationalize the IRA accounts.
Step 5: Raid and confiscate IRA accounts.
This may be the real reason that White House officials say that this is a ‘win-win’ situation.

Next…
Not Able To Read
http://www.weeklystandard.com

After injuring his face in an exercise accident, Senator Harry Reid states that he has not been able to read. Well, considering that many in Congress do not read the bills that they vote on, this will not affect his performance.

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

All content contained on the Hyper Report, and attached videos is provided for informational and entertainment purposes only. ‘Hyper Report’ all information to be truthful and reliable; however, the content on this site is provided without any warranty, express or implied. No material here constitutes “Investment advice” nor is it a recommendation to buy or sell any financial instrument, including but not limited to stocks, commodities, corporation, options, bonds, futures, or intrinsically valueless Federal Reserve Notes. Any actions you, the reader/listener, take as a consequence of any analysis, opinion, or advertisement on this site/video is your sole responsibility.

130712 – Benefits and Pensions



Today’s Items:

First…
The Economic “Miracle” Has Failed
http://gainspainscapital.com

Investors have been blindly believing that the manufacturing powerhouse China would save the global economy.    In the last six months, the Chinese government has pumped 1.6 trillion dollars worth of new credit, or about 21% of their GDP, into their collapsing economy.     Now is the time to prepare for the ensuing hilarity as politicians and business leaders blame each other when the markets nose dive.

Next…
Immigration Bill
http://www.breitbart.com

The Senate’s immigration bill is unconstitutional because it raises revenues that originated and passed in the Senate first.    Language in the U.S. Constitution requires any bill that raises revenue must originate in the House of Representatives.    The Speaker of the House can use a procedure called a “blue slip resolution” to automatically kill it on the grounds that it is unconstitutional.    The question is…    Will Boehner follow the Constitution?

Next…
27 Facts About the American Family
http://theeconomiccollapseblog.com

Here are a few…
1. The U.S. has the highest divorce rate in the entire world.
2. More than a million public school students in the U.S. are homeless.
3. The U.S. has the highest child abuse death rate in the developed world.

Next…
Obamacare and Incomes
http://www.naturalnews.com

On top of the Congressional Budget Office forecasting Obamacare costing at least twice what Obama promised, officials from Health and Human Services announced they will not require the new state health insurance exchanges to verify consumers’ incomes to see if they qualify for health insurance subsidies.     In short, this will lead to the destruction of private plans, and will ensure de facto nationalization of healthcare.

Next…
State Pension Mess
http://www.easystreetinvesting.com

Most states and local governments continue to offer their employees defined benefit pension plans.   These pension plans are severely underfunded.     Senator Hatch has introduced a bill, called the SAFE Act, that would help transfer these state pensions to private insurers; so that, when these private insurers go bankrupt with the current state of the pensions, national and state politicians would not get blamed.

Next…
Employee Benefits
http://www.washingtonpost.com

With the cost of health care increasing, more and more employers are going to find other ways to make their employee’s feel special.    One way to do that is to offer…  wait for it….  Pet insurance.   So, as you try to make ends meet, you can feel special by knowing your cats, Chunky Butt and Dog Food, have their own insurance.

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

All content contained on the Hyper Report, and attached videos is provided for informational and entertainment purposes only.    ‘Hyper Report’ assumes all information to be truthful and reliable; however, the content on this site is provided without any warranty, express or implied.    No material here constitutes “Investment advice” nor is it a recommendation to buy or sell any financial instrument, including but not limited to stocks, commodities, corporation, options, bonds, futures, or intrinsically valueless Federal Reserve Notes.    Any actions you, the reader/listener, take as a consequence of any analysis, opinion, or advertisement on this site/video is your sole responsibility.

Precious Metals Storage Facilities: Bad Idea!


Opinion:

I have no problem during normal economic times of a private storage facility holding onto one’s physical precious metals, like gold and silver; however, it is increasingly becoming clear that we are not in normal economic times.  In fact, these are becoming increasingly more dangerous times.  To that end, I sadly have to believe having another party, no matter how responsible they may be, holding onto physical precious metals is no longer a good idea.

My reason for this opinion is not because these firms are not a safe haven to keep precious metals from theft, fire, or other unforeseen disasters, it is simply a question of what safeguards are there from some a secret federal court order, a law that was passed in the midnight hours, or a Presidential Executive Order that, in essence, orders the confiscation of physical precious metals?

The answer is sadly none – Other than some legal protest in court which will eventually be settled with a pretty piece of paper with some numbers on it… To be taxed of course.   Now, how about those firms that hold precious metals in other countries?   Has the term Nationalization not come to mind?  While the U.S. may have a structured court system, does one really believe that some executive in a foreign institution, in possession of that physical precious metals, is honestly going to say “No” when there is a machine gun pointed directly into his/her face?  Give me a break.

Also, if you have your precious metals, in the form of physically backed ETF’s, this can also present a significant danger, in that, government operatives will simply notify the institution to turn over the physical precious metals and you will, again, get a pretty piece of paper with some numbers on it…  To be taxed of course.

It is far easier, and more convenient, to confiscate precious metals when they are in a few strategic locations; as opposed to, many million of remote locations.

In short, if you prefer your Precious Metals to some pretty piece of paper with some numbers on it, do not put yourself in a compromised position of having a third party holding onto it.


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.