14 December 2010

Hyper Report - 101214


First...
The End Game for the Euro
The whole idea of creating a single monetary unit — the euro — on the shaky foundation of 16 different governments, each taxing and spending at their own whim, was insane from Day One. The Irish Times has just run a headline "Ireland likely to leave the euro." In short, we are witnessing the repercussions of divergent economies using the same currency. Not Good.

Next...
Few Businesses Sprout, With Even Fewer Jobs
Calvin Coolidge once stated that the business of America is business. Historically, it's the young, small businesses that take off that add lots of jobs; however, the number of companies with at least one employee fell by 100,000, or 2%. Sadly, the number of start-up's are being out-paced by the number of closings.

Next...
Judge Calls Health Law Unconstitutional
Odrama is spitting mad folks! The 42 page federal ruling stated that Odramacare exceeds the constitutional boundaries of congressional power. Finally a judge who actually applies the constitution to a ruling, rather than bending the law to meet a political agenda. It is not over because Odrama's lackeys will appeal this anti-American hogwash to the U.S. Supreme Court.

Next...
Moody's May Cut US Rating on Tax Package
Moody's warned that it could move closer to cutting the U.S. Aaa rating if Odrama's tax and unemployment benefit package becomes law. For the United States, the loss of the Aaa rating would reduce the appeal of U.S. Treasuries, which currently rank as among the world's safest investments. Safest Investments? Give me a break. Unfortunately, the U.S. should have lost its Aaa rating some time ago.

Next...
JP Morgan Admits Defeat
According to the Financial Times, JP Morgan has reduced a large position in the US silver futures market which had been at the center of a controversy about its impact on global prices of silver. If JP Morgan is administrating SLV and GLD, how can they no longer be largely involved? Something stinks here and it is not kimchi. This may be a red herring for the gullible; therefore, keep buying physical silver!

Next...
Detroit Is Halting Garbage Pickup
The Motor City is bankrupt and it just refuses to admit it. The latest plan, put forth by the city mayor, is to cutoff city services including road repairs, police patrols, street lights, and garbage collection in 20% of the 139 square miles of the city. Needless to say, these outlaying lawless areas will quickly become gang territories and sadly, these drastic measures are coming to a U.S. city near you.

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

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