Hyper Report - 100719

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First...
The Global Double Dip Has Arrived
The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts, is headed towards a sharp slowdown this year as the effect of these measures wanes. Worse yet, the fundamental excesses that fueled the crisis – too much debt and leverage in the private sector such as households, banks and other financial institutions, and even much of the corporate sector have not been addressed. Until they addressed, things will only get worse.

Next...
Ireland's Credit Rating Downgraded by Moody's
Credit agency Moody's has downgraded Ireland's government bond ratings to Aa2, blaming banking liabilities, weak growth prospects and a substantial increase in the debt to GDP ratio. The general government debt-to-GDP ratio was at 64 per cent at the end of last year, up from 25 per cent before the financial crisis took hold, and is continuing to rise. It is only a matter of time before Moody's has to downgrade the US because of our out-of-control spending.

Next...
Cities Rent Police, Janitors to Save Cash
After years of whittling staff and cutting back on services, towns and cities are now outsourcing some of the most basic functions of local government, from policing to trash collection. Services that cities can no longer afford to provide are being contracted to private vendors, counties or even neighboring towns. Cities say they have little choice. Municipalities across the U.S. will face a projected shortfall of $56 to $86 billion between 2010 and 2012, according to a report from the National League of Cities. So get ready, here come those rent-a-cops!

Next...
The U.S. Middle Class Is Being Wiped Out
Here are some of the 22 statistics that prove the Middle Class is being wiped out.

1. 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
2. 61 percent of Americans "always or usually" live paycheck to paycheck.
3. 36 percent of Americans say that they don't contribute anything to retirement savings.
4. Only 43 percent of Americans have less than $10,000 saved up for retirement.
5. 24% of American workers say that they have postponed their planned retirement age in the past year.
6. Over 1.4 million Americans filed for personal bankruptcy in 2009.
7. For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
8. The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

There are 14 other statistics cited; however you get the picture. We are becoming a two-tiered society composed of the very rich and the very poor. This is unfortunately a recipe for revolution. So get ready, because it will be a bumpy ride.

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

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