18 August 2010

Hyper Report - 100818


First...
US Says Bankruptcies Reach Nearly 5-Year High
U.S. bankruptcy filings have reached the highest level since 2005 as the economy slows and the unemployment rate hovers just below double digits. There were 422,061 bankruptcy filings between April and June, which is up 9 percent from 388,148 in the prior three-month period. For the year ended June 30, there were 1.57 million bankruptcies, up 20 percent from 1.31 million a year earlier. Among the most populous states, California ranked 7th in per capita filings, while Texas was 48th, New York 41st and Florida 15th.

Next...
U.S. Using "Really Stupid Strategy" to Hide Bank Losses
109 U.S. banks have failed so far this year, 23 in this quarter alone. These failures may not cost depositors, but they do come at a steep cost to the FDIC which is already in the red. What the FDIC could do is raise its assessments to better reflect the true state of the banking system; however, this will lead to further bank failures. Another option for the FDIC is to ask the Treasury Department or Congress for more funds and say they are "too-big-to-fail." Just do yourself a big favor and get as much of your money out of the banks before it is too late.

Next...
Official: Satellite Failure Means Decade of Global Warming Data Doubtful
Well, surprise surprise surprise. The US Government admits satellite temperature readings were “degraded” and have taken data taken offline. Global warming temperatures may be 10 to 15 degrees too high. World-renowned Canadian climatologist, Dr. Timothy Ball, after casting his expert eye over the shocking findings concluded, “At best the entire incident indicates gross incompetence, at worst it indicates a deliberate attempt to create a temperature record that suits the political message of the day.” If our government was not accurate with its advanced instruments, can we really trust other nations that do not have access to advanced technology? More and more evidence is showing the Global Warming is a scam. Of course, the United Nations will still try to push ahead on their Global Warming Tax scheme!

Next...
Obama’s Democratic Domination is Over
All signs point to major losses for the Democratic party in the US midterm elections this November. The recovery is slowing, while recent job figures have all but ended hopes that unemployment will fall fast enough to change voter’s minds. Here is my view on the political situation. Yes, the Republicans will win big time in November; however, the upcoming economic clamity will be so bad that Odrama will use the presidential bully pulpit to bash Republicans, Christians, and Constitutionalists, for the next two years. By 2012, Odrama, and the single union-led socialist party system will be very attractive to the duped masses. Our population, in general, will be ripe for a Hitler like leader to take away our problems. History, sadly, has a way of repeating itself.... and I would love to be totally wrong on this.

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

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