131010 – Default Risk



Today’s Items:

First…
Rogue Political Weapon
http://dailycaller.com

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.

Next…
Yellen Fed
http://blogs.telegraph.co.uk

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?

Next…
The Dollar Dies
http://www.outsiderclub.com

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?

Next…
Goldman’s Muppets
http://www.tfmetalsreport.com

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.

Next…
U.S. Treasury Default Risk
http://www.zerohedge.com

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.

Next…
New $100 Bill
http://www.marketwatch.com

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.

Next…
12 Statements of U.S. Default On Global Economy
http://www.zerohedge.com

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!

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.

The Coming of GOLD!


We have been hearing lately how gold has been re-emerging as a Tier-1 asset by central banks; however, there has been some under the radar news regarding U.S. banks and gold as well.   This summer, a quiet, and not widely known, event occurred.

The Federal Reserve sent a memo to U.S. banks informing them, that starting January 2013, there will be a zero percent risk assigned for both cash and physical gold bullion held in the banking organization’s own vaults, or held in another depository institution’s vaults on an allocated basis.

No rationale was given for this change that added gold bullion; however, perhaps Benji Bernanke was just getting too much international flack for his comical response that gold is not money and his “its tradition” to why central banks hold physical gold bullion.   At any rate, it now appears that banks will no longer have to pile into government and private (muni) bonds that may be on the verge of default.   Instead, they can choose to store physical gold.   In addition, because of the rising concern of the lack of underlying physical to the paper, regional U.S. banks will most likely NOT be purchasing ETF’s when they can have, and safely store, the real thing.

So, what does this mean for regular people?    Well, for individuals, the time between now and January represents a buying opportunity.

In regards to the political arena, in an attempt to lull Ron Paul supporters to sleep again, the Republican criminal enterprise is putting on a dog and pony show; however, do not believe this Republican farce for a gold standard for a second.    Remember, the Republicans would not have put up ole “Goldman-Sachs” Romney if they were serious about auditing the Fed or returning to a gold standard.

But how about silver?

Well, with the Silver to Gold Ratio, or SGR, still way out of whack in relation to both historical norms and what they are pulling out of the ground, the very real possibility of quantitative easing by the Federal Reserve in the not-so-distant future, and the impending JP Morgan naked short scandal involving silver, those having physical silver are going to be jumping for joy unlike those who will be rioting in the streets when the SLV ETF goes to zero.   So, after preparing, keep stacking physical.

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.