Hyper Report - 101117

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First...
Euro Under Siege
The euro is facing an unprecedented crisis after Portugal indicated that it was at a high risk of needing a bail out. In addition, Greece disclosed that its economic problems are worse than previously thought. Merkel, of Germany, warned: "If the euro fails, then Europe fails." European finance ministers will meet in Brussels and will most likely come up with a way to take fiscal control of all member nations. In short, in order to save the EU from collapse, member nations may trade some form of economic stability and security for their own sovereign freedom.

Next...
Europe Is Next Test For Weakened Obama
The 10 day traveling embarrassment show was not enough, apparently; because, Odrama is leaving the country yet again. This time, Europe; where I am sure he will again try to sell his central planning idea, via the guise of better cooperation, to fellow socialists in Europe. Hopefully, for the future of European Union, Merkel of Germany and Cameron of the UK can upstage and shut him out of any meaningful economic discussions.

Next...
China Raises US Debt Holdings as Others Offload
Bucking the trend of other nations, China and Japan increased their stockpile of American debt in September. China now holds 884 billion and Japan holds 865 billion in U.S. Treasuries. Perhaps both countries knew how the election was going to go and believed that the Republicans may be more fiscally responsible. If that is the case, we shall see.

Next...
One In 7 US Households Hit By Hunger Issues In 2009
The number of U.S. households getting emergency food almost doubled from 3.9 million in 2007 to 5.6 million in 2009. In fiscal year 2009, 15.2 million households participated in SNAP in an average month. This is up from 12.7 million in 2008. SNAP has replaced soup lines.

Next...
Rangel Convicted
Rep Charles Rangel has been convicted on 11 of 13 counts of violating House ethics rules which will most likely result in a formal censure. Essentially, they will wag their fingers at him while he gives them the bird.

Next...
Senate Leader Deals Blow to President on Arms Treaty
Odrama has continued his losing streak as the Senate Republican Leader stated, citing that there was too much on the agenda already, that there would no vote on the START Treaty during the Lame Duck session of Congress. Perhaps reading the bills before voting on them is a good idea after all.

Next...
California Will Default On Its Debt
In California, municipal bonds have plummeted in recent days, which has a $25 billion dollar shortfall. Fixing state and local obligations will most require the restructuring of pensions and salaries that government workers have long since taken for granted and it will not be pretty. Looks like the state of California will need that Obama Money.


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

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