Hyper Report - 100802

First...
Recession Was Deeper Than Govt Previously Thought
The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent last year -- the steepest drop since 1946. That's worse than the 2.4 percent decline originally estimated. The economy's plunge underscores why the unemployment rate surged to 10.1 percent in October, a 26-year high. From the start of the recession in December 2007 until the April-to-June quarter of 2009, the economy sank 4.1 percent. That was deeper than the 3.7 percent decline previously estimated for the recession. The Commerce Department's latest revisions reach back to 2007. They're based on more complete data and on methodology thought to be more accurate. Yeah, right.... Everything the government tries, turns to crap once the initial propaganda wears off. Guess, a war needs to be cooked up to get the economy going again.

Next...
US Treasury Is Running on Fumes
As the White House is screaming like a stuck pig in regards to the WikiLeaks’ release of the Afghan War Documents; the US economy and the well-being of Americans are being sacrificed to the regime’s wars. On July 12, Niall Ferguson, an historian of empire, warned that the American empire could collapse suddenly from weakness brought on by its massive debts and that such a collapse could be closer than we think.

Next...
8 More Reasons Why a Double Dip is Coming
Here are just 2 of the 8 reasons why another recession is imminent:

1. U.S. orders for durable goods fell 1.0% in June.
2. Industrial output in China fell 2.8% in June which signals a weakening of the global economy.

Get ready, because it is going to be a bumpy ride.

Next....
Congressman at Town Hall: ‘The Federal Government Can Do Most Anything'
Please listen to the video. This online video illustrates why our Republic is in so much trouble. We have people who do not understand the fundamentals of the Constitution making laws in the country. This is indeed very scary.

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