21 July 2010

Hyper Report - 100721


First...
Competing Currency Being Accepted Across Mid-Michigan
New types of money are popping up across Mid-Michigan and supporters say, it's not counterfeit, but rather a competing currency. The U.S. Treasury Department says the Coinage Act of 1965 says "private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise." There are businesses that are accepting any form of silver, gold, chicken, or even apple pie for services. So why is there interest in these competing currencies? Is it just novelty or is there something deeper? There was a time in America when you could buy four gallons of gas for a dollar. According to the U.S. Department of Labor, since 1913 until 2001, the U.S. dollar has lost 96% of its purchasing power. Silver has always pretty much been worth the same thing. Even if you go back thousands of years, the amount of products you could buy with an ounce of silver or gold has always been pretty standard. That can't be said of the U.S. dollar bill or U.S. coins made after 1964 that are no longer made with silver. Supporters of competing currency say they'd like to see the government go back to a gold and silver-backed currency rather than simply printing more money. There are 150 alternative currencies in the U.S.
          Second Part of Story: Competing Currencies: Part Two

Next...
Our Unemployment Insurance Addiction
If you are unemployed... Why work? It now appears that unemployment insurance will support you for years. And who says there is no such thing as a free lunch? Opps, except when the US dollar collapses. Then Congress can send you millions, billions, or even trillions of US dollar funny money unemployment insurance checks. Of course, by then, that will buy you nothing. This situation is almost like a drug addiction where the moment of truth keeps getting pushed off, with the unemployed having to accept a less desirable job than they held before keeps getting put off.

Next...
Illinois Failures Go Nationwide Under Obama
Illinois was the stomping ground for years for Odrama and his cronies. It is the state where Obama and his team were trained in community organizing and bully tactics to redistribute the wealth. For years, we thought California was the most fiscally irresponsible of all 50 states, but Illinois has now taken the lead. To illustrate, for years, Illinois has refused to honor its obligations, cut spending or trim its shockingly large deficit, which at $12 billion per year. This is nearly half its budget. That's like a family making $50,000 but spending $75,000 each year. Obviously, it won't take long before such a family would lose everything it has. Is it any wonder why Americans are beginning to wonder if Greece is the picture of the U.S.' future.

Finally,
Please prepare now for the forthcoming economic, and subsequent social, unrest that will hit the US.
Good Day

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