130603 – Geithner Is Key

Today’s Items:

Euro-zone Unemployment

At an official 12.2%, the euro-zone unemployment has hit a record high. The deteriorating economic conditions have top Eurocrats backing away from austerity, higher taxes, and regulations in fear of stoking a revolutionary trend among Europe’s PIGS that have the highest unemployment numbers.    So, as Germany sits at the center of this convoluted misery, that country may decide to get the hell out of the euro.

Peak Gold

As of 2010, 40% of physical gold demand was met with recycling.   According to the USGS, since 1997, gold ore grades have fallen 38% for underground gold deposits and 35% for open pit mines.   Only 1 in 6300 gold projects go into production.    This means that physical gold is getting harder and harder to find and as currencies race to the bottom, gold, along with silver, prices will go to the moon.

Physical Gold Trading

Egon von Greyerz believes that the gold price, in paper money terms, is likely to have several zeros after it in coming years.    The LBMA reported plus 25% record physical gold transactions in April – the highest level since gold peaked in September 2011.     He goes on to say that when gold takes off, it will be massive.

Wealth of Most Americans Down

The average U.S. household has recovered only 45% of the wealth they lost since the economic crisis hit in 2007.    This is very different than the Fed report earlier this year.   The Fed’s report stated Americans, as a whole, regained 91% of their losses; however, the data never adjusted for inflation and population growth.    Sadly, the poorest households have felt the sharpest losses.

Police Selling Guns From Buyback Program

In Chicago, about 20 firearms, obtained through a gun buyback program and seized by courts, will be sold to dealers.    Let’s see, they paid pennies on the dollar for the guns from the buyback program and sell them at market value?    Another example of crony capitalism.

IRS Identifies 88

First, we are told that there was no intentional targeting of groups opposing Obama.    Then, we are told that it was a few low-level employees.    Afterwards, we have the 5th being invoked.    Now, we have one of 88 IRS employees of interest, testifying they received their targeting orders from Washington.    This is obvious that the IRS Scandal extends well beyond a few low-life scum.    So, when will little lying Timmy Geithner be dragged into this since the bastard is very likely the key to the IRS scandal?

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.


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

Today’s Items:

Bank Runs

In the EU, bank runs are accelerating.  For example 100-500 million euros are being withdrawn a day in Greece.  Of course there are three ways to stop a bank run…
1. Slow it down by declaring a bank holiday like in Italy when a major bank went on a Roman Holiday until July 1st.
2. Borrow money from a central bank.
3. Insure the deposits with some underfunded agency like the FDIC.

EU: movement of money, people can be limited

EU officials are working on range of contingency scenarios, like capital controls, for the possible Greek exit from the euro, to try to protect public order.  Public order?  Are they kidding?  Sounds more like they are gearing up for a Euro-zone police State to match the one in North America.  At any rate, you know things are bad when MSN is questioning paper money because the euro is breaking.

US Exempts India, Six Others From Iran Sanctions

The US has exempted India, Malaysia, Republic of Korea, South Africa, Sri Lanka, Turkey and Taiwan from sanctions on Iran’s oil trade.  Officials cite reduced oil purchases; however, with gold in the picture, is that really believable?  If these, and other countries went forward with gold based trade, it would accelerate the dollar’s downfall.

American Wealth Fell 39% From 2007 to 2010

According to officials at the Federal Reserve, the ongoing depression has wiped out nearly two decades of Americans’ wealth. In just three years, the median net worth of families fell from $126,400 in 2007 to $77,300 in 2010, or a 39% drop. Can you imagine the drop between 2010 and today? Not good.

The Hoax Of Modern Medicine: Seven Facts You Need To Know

Here are a few…
1. 90 percent of all diseases, such as cancer or heart disease, are easily preventable through diet, nutrition, sunlight and exercise.
2. No pharmaceuticals actually cure or resolve the underlying causes of disease.
3. There is no financial incentive, for pharmaceuticals, to actually make patients well.

Bank of America Pledges $50 Billion to Combat Climate Change

Bank of America has pledged $50 billion over the next 10 years to address climate change.  The question is, where exactly are they going to get this money and with the derivatives, the bank is unlikely to be around in 5 years.

North Dakota Considers Eliminating Property Tax

Like Alaska, in 1980, voters in North Dakota will decide to abolish the state property tax.   The oil boom makes it easier to get rid of the tax.  Overall, U.S. states spending is up 14% since 2008, this may be a way to curtail, the spending spree.

Why You Absolutely Must Have Food Supplies, Hard Assets and Reserve Cash

In the event of a bank holiday, do you have real cash on hand to get through the next 2-4 weeks?  If the money system collapses, because of the derivative implosion, do you have physical silver and gold to rebuild your wealth?  In addition to those scenarios, you need food and supplies like toilet paper.  Can you look at your family in the eye and honestly say… “Yes, we are as ready as we can be.”

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.