Hyper Report - 110111

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First...
Greece Borrowing Rates Hit New Record
In a precursor to what is to come to the U.S., Greek bond yields are hitting another record high, exceeding benchmark German bond rates by 10 percentage points for the first time. In other words, the Greeks have to promise more of a return for people to lend them money.

Next...
Clash in Bangladesh as Stocks Dive
In yet another precursor of things to come in the U.S., Police had to fire tear gas as thousands really in the capital of Bangladesh after a record 9.25% plunge in stocks in one hour. It turns out that the finance minister may have lured people into propped-up junk stocks and now many have lost their savings. Sounds so familiar for some reason. Anyway, can you imagine what will happen when the COMEX possibly defaults on silver alone in March?

Next...
Gold Price in Euros Whips Near All-Time High
The Gold Price in Euros whipped within 1.5% of last month's all-time record highs in London trade. Both gold and Silver Prices meantime reversed an earlier rally against the Dollar. The supply is tight in the physical market and I suspect will become even tighter in the days ahead.

Next...
Economists Foretell Of U.S. Decline
To hear a number of prominent economists tell it, it doesn't look good for the U.S. economy, not this year, not in 10 years. In the long run, the United States must face up to inevitably being overtaken by China as the world's largest economy. Long run? Wow! They are in fantasy land about the U.S. economic system. Of course, no one seems to be talking about the many ghost cities in China to stimulate their economy.

Next...
California Governor Brown Proposes Stark Budget
Newly elected California Jerry Brown, echoing New Jersey Chris Christie, has unveiled a budget plan that would cut welfare spending in half, reduce state university system coffers by 20 percent, and slash health-care for the poor. Overall, the budget would slice $12.5-billion in spending and extend $12 billion in tax hikes for the next five years. Moreover, state workers not protected by a collective bargaining contract will see their salaries cut by 10 percent. Here come the riots!

Next...
Council to Hold Retreat at Resort Outside County
Facing a $77 million shortfall next fiscal year, the council members of Prince Georges Maryland are spending 10-15,000 for a two-night retreat at the Hyatt Regency Chesapeake Bay Golf Resort in Cambridge Massachusetts. I just bet that they will come up with the brilliant solution to raise taxes on their constituents.

Next...
Obama Eyeing Internet ID for Americans
Odrama is planning to hand the U.S. Commerce Department authority to create an Internet ID for Americans. One White House staffer even said that its "the absolute perfect spot in the U.S. government" to centralize efforts toward creating an "identity ecosystem" for the Internet. Isn't that extra special... Yes, our police state is getting more and more blatant every second.

Finally,
Please prepare now for the beginning of the economic and social unrest. Good Day

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