Hyper Report - 100805

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First...
Run On Banks! FDIC Moves On 100 Insolvents
The number of bank failures has passed 100, a dramatic increase from this time last year when the number of failed banks numbered 64. So far this year, the FDIC has taken over 103 insolvent banks, at an estimated cost of $431 billion. Although the FDIC fund grew by $145 million during the first quarter of 2010, the first increase in two years, the FDIC was still operating $20.7 billion in the red. At the end of the first quarter 2010, there were 775 banks on the FDIC's list of "problem banks," the highest number since 1992. Because of the 1.5 trillion federal budget deficit, the FDIC is effectively borrowing from China to close banks in the United States. I feel better already.

Next....
Your Share of the State Debt
Ever wonder how much you owe for just your own state alone? In Connecticut, it is a whopping $4859 per person. In California, it is $2362, in Texas, it would be $520, and in Nebraska, it is only a mere $15 dollars.

Next...
The Biggest Lie About U.S. Companies
American companies are not in robust financial shape. In fact, they really owe 7.2 Trillion dollars. U.S. companies are in worse financial shape than we're being told and this is clearly bad news for those thinking of investing in U.S. stocks or bonds, as leverage makes investments riskier. The so-called "Summer of Recovery" continues.

Next....
Feds Admit Storing Checkpoint Body Scan Images
For the last few years, federal agencies have defended body scanning by insisting that all images will be discarded as soon as they're viewed. Well, Surprise Surprise Surprise. It now turns out out that some police agencies are storing the controversial images after all. This follows an earlier disclosure by the TSA that it requires all airport body scanners it purchases to be able to store and transmit images for "testing, training, evaluation purposes and comic relief." No wonder Janet Napolitano announced that scanners would soon appear at virtually every major airport. Perhaps these pictures will pop up on your Facebook profile soon. Isn't technology wonderful?

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

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