Hyper Report - 100812

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First...
U.S. Is Bankrupt and We Don't Even Know
Last month, the International Monetary Fund released its annual review of U.S. economic policy. Delve deeper, like into section 6, and you will find that the IMF has effectively pronounced the U.S. bankrupt. To close the fiscal gap, from the revenue side, requires an immediate and permanent doubling of our personal-income, corporate and federal taxes. So is the IMP bonkers? No. It has done its homework. So has the Congressional Budget Office whose Long-Term Budget Outlook, released in June, shows an even larger problem of Unofficial liabilities like Social Security and Medicare. Add this up and the US is in worse shape than Greece.

Next...
Why the Social Security Trust Fund is Useless
Remember when Al Gore spoke of the Social Security Lock Box. Well, it looks like it was full of funny money. Social Security is now running a negative cash flow. In other words, the trust fund is of no economic value, or is essentially a Ponzi Scam perportrated by the US Government.

Next...
Cash-Hungry States Add Casinos, Lure Same Gamblers
And you thought that Indian tribes had the lock on Casino's in the states. Cash strapped states are looking for money any way they can, and now, in addition to state lotteries, the lure of state run casino's are looking attractive. The sad part is that lotteries have always been the poor man's tax; therefore, casino's will be another to make the poor even more poor.

Next...
30,000 Line Up For Housing Vouchers, Some Get Rowdy
In an example of where we are going, fights were breaking out and police having to stop people storming the doors as tens of thousands of people were hoping to get federal housing assistance. Can you imagine the scene when food, or gas, riots begin?

Next...
When Will Financial Armageddon Begin?
A little more than two years ago, economist John Williams of shadowstats.com predicted a “severe recession” was coming and soon. Most so-called experts, at the time, did not see the financial meltdown coming, let alone that all the banks were in trouble. Williams also predicted 2 years ago we would have a “hyperinflationary depression” within 10 years. Then, about a year ago, he revised his prediction and narrowed the window to “five years.” He is now warning that the timing of the looming U.S. financial Armageddon is coming into better focus, with increasingly high risk of it breaking within the next six months to a year.” Never in US history has a recession struck after several extended months of emergency ultra-low interest rates. This will be the first such occurrence. The policy response from the USFed must therefore be limited. In short... sadly, time is running out folks to get yourselves and your loved ones ready.

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

Good Day

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