Hyper Report - 100921

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First....
UK Proposes All Paychecks Go to the State First
The UK's tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer. You just know that many in Washington are just lusting over that idea of Pay as you go. They want control over pensions, and if they got this through, they would have 100% control over all commerce in the US period.

Next...
US Government 'Hiding True Amount Of Debt'
In 1980, the debt was $909 billion or 33 percent of GDP back then. Today, 30 years later, the debt is officially 13.4 Trillion, or 92 percent of GDP. The CBO estimates the debt will be at $16.5 trillion in two years, or 100.6 per cent of GDP. With that said, they do not count off-budget obligations such as Social Security and Medicare. When they are included, the debt is anywhere from 60 to 200 Trillion, depending upon whom you ask. At any rate, the numbers are way above the official numbers.

Next...
Gold Climbs to Record on Weaker Dollar, Global Recovery Concern
Gold futures rose to a record for the third straight session on speculation that government programs to stimulate the economy will erode the value of the dollar and boost demand for the precious metal as an alternative investment. The dollar approached a five-week low against the euro. In addition, gold gained this year amid tame U.S. inflation, meaning, people realize what is about to happen and they do not want to lose their wealth to the casino like stock market and those in Washington.

Next...
The Disappearing Middle Class
The middle class in America seems to be disappearing, and there is no mystery as to why. In short, it is socialism, which is essentially communism in slow motion and those in Washington are indirectly, and in some cases directly, promoting it. From the disastrous Health care Reform to the unemployment extensions that last 99 weeks, we are in big do-do.

Next...
State Budget Impasse Hits Some People Hard
The California state budget is 79 days late and even though most bills are paid, some are falling through the cracks. Vendors that provide food from prisons, fuel for Highway Patrols and other goods and services are owed millions. Health clinics are operating on shoestring budgets with hours of operation per week being cut.... Needless to say, this is affecting low-income patients.

Next...
NBER Says U.S. Recession Ended in June 2009, Longest Since WWII
Yes, the National Bureau of Economic Research said the recession ended in June 2009. So, in 2007, when we had 6% unemployment and growth was about 1% GDP, we had entered into a recession. But now, when we have nearly 10% unemployment and growth of about 1% GDP we are no longer in a recession. Something does not add up here...

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

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