by PeterSchiffChannel on Sep 14, 2011
http://peterschiffchannel.blogspot.com for more Peter Schiff videos
Peter Schiff FULL Testimony Before Congress on Obama Jobs Bill 9/13/11
Thursday, 15 September 2011
Peter Schiff FULL Testimony Before Congress on Obama Jobs Bill 9/13/11
20 Signs Of Imminent Financial Collapse In Europe - BlackListedNews.com
20 Signs Of Imminent Financial Collapse In Europe - BlackListedNews.com
September 12, 2011
Source: ECBlog - MIchael Snyder
Are we on the verge of a massive financial collapse in Europe? Rumors of an imminent default by Greece are flying around all over the place and Greek government officials are openly admitting that they are running out of money. Without more bailout funds it is absolutely certain that Greece will soon default on their debts. But German officials are threatening to hold up more bailout payments until the Greeks "do what they agreed to do". The attitude in Germany is that the Greeks must now pay the price for going into so much debt. Officials in the Greek government are becoming frustrated because the more austerity measures they implement, the more their economy shrinks. As the economy shrinks, so do tax payments and the budget deficit gets even larger. Meanwhile, hordes of very angry Greek citizens are violently protesting in the streets. If Germany allows Greece to default, that is going to start financial dominoes tumbling around the globe and it is going to be a signal to the financial markets that there is a very real possibility that Portugal, Italy and Spain will be allowed to default as well. Needless to say, all hell would break loose at that point.
So why is Greece so important?
Well, there are two reasons why Greece is so important.
Number one, major banks all over Europe are heavily invested in Greek debt. Since many of those banks are also very highly leveraged, if they are forced to take huge losses on Greek debt it could wipe many of them out.
Secondly, if Greece defaults, it tells the markets that Portugal, Italy and Spain would likely not be rescued either. It would suddenly become much, much more expensive for those countries to borrow money, which would make their already huge debt problems far worse.
If Italy or Spain were to go down, it would wipe out major banks all over the globe.
Recently, Paul Krugman of the New York Times summarized the scale of the problem the world financial system is now facing....
110914 - Hyper Report
by HyperReport on Sep 14, 2011
Source Links for Today's Items:
US Poverty Rate Swells to Nearly 1 in 6 (Thanks fal2grace)
http://news.yahoo.com/census-us-poverty-rate-swells-nearly-1-6-142639972.html
http://www.youtube.com/watch?v=2P3Y4kTSh1M
http://northshorejournal.org/poverty-in-america-2008-overview
GOP Balks at Taxes to Finance Jobs Plan
http://online.wsj.com/article/SB10001424053111904353504576566802250477510.html
Geithner Heads to Europe as Debt Fears Mount
http://www.reuters.com/article/2011/09/12/us-eurozone-idUSTRE78B24R20110912
Congress Expands Fast and Furious Probe to White House
http://www.latimes.com/news/politics/la-pn-white-house-atf-20110909,0,3079149...
Only 1.75 Full-Time Private Sector Workers Per Social Security Recipient
http://www.cnsnews.com/news/article/labor-dept-data-only-175-full-time-privat...
Ventilation In Some Schools "Make Students Sick"
http://www.realclearpolitics.com/video/2011/09/13/obama_ventilation_in_some_s...
Other Items:
Average Gas Price - http://gaspricewatch.com
Brent Crude Oil Price - http://livecharts.co.uk
Other Commodities (Ag,Au, etc...) - Kitco Phone Ap
SGR is calculated by Au/Ag
The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any significant investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.
This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate an opinion, or for educational purposes...
Thank you.
The plan behind Italy's austerity measures
Sep 14, 2011 by Euronews
Making the sums add up while global markets fix their nervous gaze on the euro zone's third largest economy. That is the task for Italy as it aims to reduce the country's deficit by more than 54 billion euros over three years.
The country has reached this point because of its high debt levels and poor growth. On Tuesday the Treasury raised 3.86 billion euros from the sale of five year bonds but it had to pay an interest rate of five point six percent, a euro zone record high. That crystallised the problems in a chronically stagnant economy.
http://www.euronews.net/
Bill Hionas Advises Investors to Consider All Four Precious Metals
(1888PressRelease) September 14, 2011 - Bill Hionas Advises Investors to Consider All Four Precious Metals
All precious metals are of interest to investors, despite current media focus on gold.
MIAMI, FL, September 14, 2011, The [url=http://www.billhionas.com]precious metals bullion[/url] market is attracting more than its fair share of media attention at present, mostly focused on gold and gold's volatility. Gold has undeniably been volatile recently but investors need to stay focused on the big picture. Macroeconomic factors are still strongly supportive of gold in the long term; safe haven demand is huge and the present decline is based on the rise of the US dollar, which is making gains against the euro in light of ongoing concerns about the stability of the euro zone. Gold should continue to rise in price in the long term and the prediction of $2000 an ounce by the end of the year is still realistic.
http://www.1888pressrelease.com/bill-hionas-advises-investors-to-consider-all-four-precious-pr-334919.html
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
All precious metals are of interest to investors, despite current media focus on gold.
MIAMI, FL, September 14, 2011, The [url=http://www.billhionas.com]precious metals bullion[/url] market is attracting more than its fair share of media attention at present, mostly focused on gold and gold's volatility. Gold has undeniably been volatile recently but investors need to stay focused on the big picture. Macroeconomic factors are still strongly supportive of gold in the long term; safe haven demand is huge and the present decline is based on the rise of the US dollar, which is making gains against the euro in light of ongoing concerns about the stability of the euro zone. Gold should continue to rise in price in the long term and the prediction of $2000 an ounce by the end of the year is still realistic.
http://www.1888pressrelease.com/bill-hionas-advises-investors-to-consider-all-four-precious-pr-334919.html
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Markets rise on debt hopes
Sep 14, 2011 by Euronews
European shares rose in a tentative recovery rally on hopes a plan by European Commission President Jose Manuel Barroso to present options for the introduction of common euro zone bonds would
help ease the euro zone sovereign debt crisis.
London showed a rise, just under one and a half per cent. Frankfurt led the way up by over three per cent.
The euro remains stable against the dollar and yen after its earlier dips at the start of the week.
Brent crude oil showed a small increase after yesterdays dip.
http://www.euronews.net/
September 14, 2011 Midday Metals Report
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
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