07 October 2010

Hyper Report - 101007


First...
Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster
In a speech, Benji Bernanke warned about the current state of the government finances. His conclusion, the situation is dire and "unsustainable". He stated: "The recent deep recession and the subsequent slow recovery have created severe budgetary pressures not only for many households and businesses, but for governments as well." Get ready folks... This is as close as you are ever going to see a central banker admit that his country's financial situation is so dire that it could breakup at any time.

Next...
Food Stamp Recipients at Record 41.8 Million in July
The number of Americans receiving food stamps rose to a record 41.8 million in July as the U3 jobless rate hovered near a 27-year high. The number of recipients on Food Stamps rose 18 percent from a year earlier. So, now the summer of recovery ends and the fall of recovery begins!

Next...
JPMorgan Foreclosure Henchman Breaks Into Woman's House (911 Call File)
Well, now JP Morgan is now using Gestapo like tactics... As recorded on a 911 call, an man, hired by JP Morgan, physically broke into a house of a woman who was three months late in mortgage payments. Needless to say, she is filing a lawsuit.

Next...
Middle Class Slams Brakes on Spending
In a 70% consumer based economy, the Middle class has made their deepest spending cuts, by over 3%, in more than two decades. The poorest Americans had to spend more, by 15.4% since 2007, as inflation eats away at their withering pay or unemployment checks.

Next...
Voters Are Much Less Optimistic About Black-White Relations
Just 36% of voters say relations between blacks and whites are getting better since last summer. 16% say race relations between blacks and Hispanics are getting better. 21% say race relations between whites and Hispanics are getting better. Now, get this.... 59% of blacks believe the country is moving in the right direction.

Next...
Presidential Seal Falls Off Podium as Obama Speaks
In what I am sure is an Omen... Along with the flies on the face and the Teleprompter falling over. The presidential seal fell off Odrama's podium as he delivered a speech to a women's conference. There is just something creepy about this guy.

Next...
Impeachable Offense: Govt Will Investigate Obama’s IRS Records Snooping
The U.S. Treasury Department will launch an investigation into the Obama administration’s alleged revealing of political opponents’ private tax information to the media. The IRS being used as a political tool? Naaa... Of course, you can count on hearings by the Republican controlled House to try to keep everyone's eye off the economy.

Next...
Fed Officials Mull Inflation as a Fix
In attempt to kick start the US economy, some in the FED are publicly floating a trial balloon.... Lift inflation to encourage consumers to save less and spend or invest more. We are in big do-do folks.

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

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