thestatedtruth.com | September 4, 2010
A must listen to interview with Jim Rickards about our economy and more. We all need to be aware of the direction of things to come. This interview from Jim Rickards will help in understanding these things better. Click on the following link or paste into your browser: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/4_Jim_Rickards.html Biography of James G. Rickards…..James G. Rickards is [...]
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Tags: Economy, everybody should listen to this, jim rickards, must listen too, new york stock exchange, stockmarket, wall st, Wall Street
thestatedtruth.com | August 31, 2010
Storm Watch…. Hurricane Earl www.ingerletter.com
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thestatedtruth.com | August 29, 2010
Interesting to say the least….rare earth elemnts are used in almost everything that is high tech……. Bloomberg reports that China is cutting back 72% of its exports of Rare Earth metals. China has said that environmental issues are the reason for the cutbacks. 72% drop in availability of any commodity is important. RE’s are important. Japan [...]
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thestatedtruth.com | August 29, 2010
Some food for thought from George Friedman, CEO of STRATFOR, who believes China “will have a collapse” in the coming decade due to internal striff, an export based economy, and low internal rates of return, It will set America up as the primary beneficiary in a new Golden Era. Mr. Friedman’s views are controversial but well worth listening [...]
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thestatedtruth.com | August 26, 2010
One reason of many for a tough road ahead….. From JPM……The latest profit recovery (the three red dots) is reliant on declining labor costs like none before it. A profit recovery whose foundation is so reliant on sustained high productivity and low real wage growth should not command a very high P/E multiple. A recent JPM [...]
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thestatedtruth.com | August 25, 2010
Yra Harris. ……..Listen carefully, he knows what is coming! CNBC-CME Trader Sounds Off August 25, 2010 at 9:19 am More at: www.jsmineset.com/
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thestatedtruth.com | August 18, 2010
This chart from Deutsche Bank, which appeared in U.S. Global’s weekly Investor Alert, shows the progression of China’s crude oil imports going back to 2002. As you can see, the trend—represented by the red annual average lines—shows that China is importing three times more crude than eight years ago to support its economic growth. [...]
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thestatedtruth.com | August 14, 2010
INTERESTING FACTS ABOUT THIS AUGUST This August has 5 Sundays, 5 Mondays, 5 Tuesdays It happens once in 823 years
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thestatedtruth.com | August 12, 2010
The Oil Spill August 12, 2010 It has been over three months since the beginning of the oil spill in the Gulf of Mexico. Since then it has cost billions of dollars in terms of lost jobs, tourism, and the battering that local fishing industries have had to endure. At Cumberland Advisors, we have written [...]
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thestatedtruth.com | August 12, 2010
Jim Sinclair’s Commentary This is simply not going away. There is no practical means by which it can be drained ever! It is growing in a way that is unsustainable by any measure. Rather than being contained we are on the threshold of another round of unprecedented paper money creation. The reason it is happening [...]
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thestatedtruth.com | August 10, 2010
Drought, Fire and Grain in Russia August 10, 2010 By Lauren Goodrich Three interlocking crises are striking Russia simultaneously: the highest recorded temperatures Russia has seen in 130 years of recordkeeping; the most widespread drought in more than three decades; and massive wildfires that have stretched across seven regions, including Moscow. The crises threaten the [...]
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thestatedtruth.com | August 4, 2010
Source: CREonline Does the above chart look daunting? It should. The peak won’t hit until 2012 when nearly $350 billion in CRE loans will come due. And just look at the amount held by banks and thrifts. This is why predicting another 1,000 bank failures (at least) is within the cards. The connections between [...]
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thestatedtruth.com | August 4, 2010
Well plugged…..Let’s hope so. ON THE GULF OF MEXICO — In a significant step toward stopping the worst offshore oil spill in U.S. history, BP said Wednesday mud that was forced down its blown-out well was holding back the flow of crude in the Gulf of Mexico and it was in a “static condition.” There is [...]
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thestatedtruth.com | August 2, 2010
SULTANS OF SWAP: Gold Swaps Signal the Roadmap Ahead BIS – The Super SIV Solution The news rocked the global gold market when an almost obscure line item in the back of a 216 page document released by an equally obscure organization was recently unearthed. Thrust into the unwanted glare of the spotlight, the little [...]
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thestatedtruth.com | July 27, 2010
Just a reminder…… Jim Rogers was George Soro’s original partner for the Quantum Fund. Both are now billionaires! Robert Shiller, co-creator of the Standard & Poor’s/Case-Shiller house price index, also warned that the next downturn may come, maybe even sooner. By James Quinn, US Business Editor Published 27 Jul 2010 Mr Rogers, the respected currency trader and hedge [...]
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thestatedtruth.com | July 24, 2010
About 31 percent of U.S. oil output and about 10 percent of gas production, comes from the Gulf of Mexico according to the Energy Department By Dan Hart – Jul 24, 2010 Bonnie has degenerated to a “disorganized area of low pressure” near the U.S. Gulf Coast, hours after the National Hurricane Center lifted [...]
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thestatedtruth.com | July 24, 2010
By John Mauldin July 24, 2010 The Elements of Deflation Just as every school child knows that water is formed by the two elements of hydrogen and oxygen in a very simple combination we all know as H2O, so deflation has its own elements of composition. Let’s look at some of them (in no [...]
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thestatedtruth.com | July 22, 2010
* Louisiana declares state of emergency * U.S. officials evaluating whether to evacuate area Thu Jul 22, 2010 By Kristen Hays and Anna Driver HOUSTON, July 22 (Reuters) – BP Plc (BP.L) (BP.N) oil spill workers in the Gulf of Mexico prepared for a possible evacuation on Thursday as a tropical storm threatened [...]
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thestatedtruth.com | July 21, 2010
Posted July 21, 2010 CHICAGO (Reuters) – The intense heat and humidity that blanketed central Kansas since late last week have killed more than 2,000 cattle and one state official called the heat-related losses the worst in his 17 years on the job. However, conditions for the cattle improved somewhat on Tuesday as the [...]
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thestatedtruth.com | July 20, 2010
Interesting happenings between U.S. government and BP………….A standoff between BP and the US government over the handling of the stricken Macondo well in the Gulf of Mexico continued with a sharp exchange of words over the best way to keep the oil contained . At the heart of the dispute is anxiety about what is [...]
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thestatedtruth.com | July 20, 2010
Write up from Byron Wein…………”The Smartest Man In Europe” Commentary courtesy of www.fmxconnect.com We recently came across an interesting piece from Blackstone on the European Stimulus and the road to recovery. Bryon Wein is a well known strategist. The most salient points are outlined below: No clear way out of the enormous debt burden [...]
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thestatedtruth.com | July 17, 2010
Generally very good news out of the Gulf of Mexico….Bloomberg says the well is capped successfully, AP says looking much better, but still puzzling readings from busted well. BP Says Cracks in Well Head Still Possible As Cap Test Goes On But Are Encouraged. Bloomberg 07-17-2010 BP Plc said tests on its Macondo well show no [...]
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thestatedtruth.com | July 16, 2010
One, but not the only reason the commodity grain markets have been going bananas lately. An emergency drought situation has been declared in 19 of Russia’s 83 regions with crops dying on an estimated 9.6 million hectares of fields. The drought-struck areas were suffering “colossal destruction,” Agriculture Minister Yelena Skrynnik said. July 16, 2010 [...]
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thestatedtruth.com | July 16, 2010
U.S. consumer prices dipped slightly in June, but the core measure that strips volatile food and energy prices posted its largest gain since October 2009. The Labor Department said in a report Friday that the seasonally-adjusted consumer price index slid 0.1% last month, knocked down by a decline in energy prices. In May, consumer prices were down [...]
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thestatedtruth.com | July 15, 2010
Interesting comments from Matt Simmons…..must hear interview from msnbc today Thursday, July 15, 2010…….so what’s really going on in the Gulf of Mexico? Matthew Simmons, founder and chairman emeritus of Simmons & Company International, is a prominent oil-industry insider and one of the world’s leading experts on the topic of peak oil. Simmons was [...]
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thestatedtruth.com | July 15, 2010
Surveyed firms reported a decline in new orders this month compared with June. Employment showed a slight improvement this month. The survey’s broad indicators of future activity continue to suggest that the region’s manufacturing executives expect growth in business over the next six months, but optimism has waned notably in recent months.The survey’s broadest measure [...]
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thestatedtruth.com | July 15, 2010
From→ Washington’s Blog 7-15-2010 BP has succeeded in capping the well and stopping oil from flowing into the Gulf of Mexico … at least temporarily. The official Deepwater Horizon Response Twitter feed noted as of a couple of minutes ago: Update: NO OIL FLOWING INTO THE GULF As of this writing, Skandi ROV 2′s [...]
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thestatedtruth.com | July 14, 2010
Speaking of credit, or the lack thereof, the U.S. has been stripped of its AAA credit rating. So have Britain, France and Germany… This morning, the Dagong Global Credit Rating Co., China’s first real attempt at a ratings agency, initiated coverage on the sovereign debt of 50 different countries. “Dagong’s sovereign credit ratings are based [...]
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thestatedtruth.com | July 13, 2010
By Jim Polson and Jessica Resnick-Ault Jul 13, 2010 BP Plc plans to start testing today on a new cap over its leaking Gulf of Mexico well to determine whether it can stop the largest U.S. oil spill in history while continuing work on a permanent plug. Starting about noon local time, a 40-foot (12-meter) [...]
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thestatedtruth.com | July 8, 2010
The problem is actually pretty simple. We have more debt than productive growth can support. Debt has been losing its marginal productivity for years now and it no longer increases GDP. Rather, we abruptly reached debt saturation and now growth in debt reduces GDP. We have such levels of mal-investment and excess balance sheet [...]
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thestatedtruth.com | July 8, 2010
By Vincent Del Giudice Jul 8, 2010 Consumer borrowing in the U.S. dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the labor market. The $9.1 billion decrease followed a revised $14.9 billion slump in April that was initially estimated as a $1 billion [...]
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thestatedtruth.com | July 8, 2010
July 08,2010 In a significant step toward an AIDS vaccine, U.S. government scientists have discovered three powerful antibodies, the strongest of which neutralizes 91% of HIV strains, more than any AIDS antibody yet discovered. Looking closely at the strongest antibody, they have detailed exactly what part of the virus it targets and how it attacks [...]
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thestatedtruth.com | July 8, 2010
Nice of the IMF to warn us………. By Tyler Durden 07/08/2010 The IMF has issued a less than stellar outlook of the US economy after consultations with US government authorities, in which it cautions that even as the outlook has generally improved, major downside risks remain: “On the downside, the backlog of foreclosures and high [...]
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thestatedtruth.com | July 7, 2010
Wednesday Jul. 07, 2010 By JEFF DONN and MITCH WEISS – Associated Press Writers Leading environmental groups and a U.S. senator on Wednesday called on the government to pay closer attention to more than 27,000 abandoned oil and gas wells in the Gulf of Mexico and take action to keep them from leaking even more [...]
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thestatedtruth.com | July 7, 2010
Benzene is an organic chemical compound with the molecular formula C6H6. It is sometimes abbreviated Ph–H. Benzene is a colorless and highly flammable liquid with a sweet smell and a relatively high melting point. Because it is a known carcinogen, its use as an additive in gasoline is now limited, but it is an important [...]
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thestatedtruth.com | July 5, 2010
Baltic Dry Freight Index down nearly 3% today and for the 26th week in successuion! By Definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry bulk cargoes. The index provides “an assessment [...]
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thestatedtruth.com | July 5, 2010
The U.S. workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation. So, can things get much worse? Yes! By Ambrose Evans-Pritchard Published: 9:33PM BST 04 Jul 2010 Ambrose Evans-Pritchard: Comment “Home sales are down. Retail sales are down. Factory [...]
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thestatedtruth.com | July 4, 2010
President Obama looks like, well, you get the picture! And you can stick a fork in BP, its done. ………..Here are some interesting comments from Cumberland. The Sarasota fishmonger on Lemon St. now gets his shrimp from Sanibel. Louisiana is dead for years, he said. It will not come back in my lifetime. $20 billion is too [...]
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thestatedtruth.com | July 2, 2010
Marginal Behavior We haven’t seen any discussions of leverage recently but clearly, this is a matter that requires exposure once again. There have been three huge market tops in the last 23 years accompanied by extreme leverage and apparently, a fourth is now in the process of unfolding. Ironically, as illustrated by our chart at [...]
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thestatedtruth.com | July 2, 2010
By Tyler Durden on 07/02/2010 Zero hedge The decoupling theorists are about to experience a second smack down in 3 years. After the biggest bubble of 2008 blew up spectacularly and made beggars out of the Greek CEOs of various dry bulk shippers, only to see their fortunes go back to unchanged again, it looks [...]
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thestatedtruth.com | July 2, 2010
Gold and gold stocks look absolutly terrible, so this makes a lot of sense! The Hulbert Financial Digest has been tracking this kind of thing for over 30 years. Friday July 2, 2010 ANNANDALE, Va. (MarketWatch) — Gold’s huge drop on Thursday is not the beginning of a new major leg down for the [...]
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thestatedtruth.com | June 24, 2010
Sounds like the same thing Matt Simmons said a week ago! Quotes – Former Shell CEO John Hoffmesiter June 23, 2010… If you really want to stop a blowout the fastest way the most efficient way is you blow it in, you use explosives. 1:00 Hoffmesiter: Now the problem with that, that is [...]
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thestatedtruth.com | June 23, 2010
From Reuters: Interior Secretary Ken Salazar will offer testimony later on Wednesday on why the government will appeal that ruling and seek to renew the ban. The ban was imposed after a well operated by British oil company BP exploded on April 20 and began spewing crude into the sea. “We see clear evidence every [...]
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thestatedtruth.com | June 22, 2010
Germany and Russia Move Closer By George Friedman | June 22, 2010 German Foreign Minister Guido Westerwelle will brief French and Polish officials on a joint proposal for Russian-European “cooperation on security,” according to a statement from Westerwelle’s spokesman on Monday. The proposal emerged out of talks between German Chancellor Angela Merkel [...]
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thestatedtruth.com | June 20, 2010
By oilflorida, June 20th, 2010 Bill Gale, an engineer specializing in fires and explosions on oil rigs who is part of Bea’s Deepwater Horizon Study Group, said the 16-inch wide casing contains disks that are designed to relieve pressure if necessary. If any of those disks popped, it could create undesirable new avenues for [...]
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thestatedtruth.com | June 20, 2010
BP document…. “If BOP and wellhead are removed and if we have incorrectly modeled the restrictions the rate could be as high as 100,000 barrels per day up the casing or 55,000 barrels per day up the annulus (low probability worst cases).” ….. “This number is in sharp contrast to BP’s initial claim [...]
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thestatedtruth.com | June 20, 2010
Everyone should read this! Cumberland Advisors Oil Slickonomics Part 8 – Chemotherapy in the Gulf of Mexico June 20, 2010 “Plaquemines Parish President Billy Nungesser was out on Terrebone Bay at the break of dawn with his new industrial strength, compressed air-powered vac. Within 15 minutes, he said his crews had [...]
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thestatedtruth.com | June 19, 2010
By JENN SAVEDGE Mother Nature Network (mnn.com) Five years ago, Sprint erected an 85-foot cell phone tower in the middle of California’s Vista Del Monte Elementary school. At the time, Sprint studied the tower’s structural safety and an initial power reading, but since then teachers and students have become increasingly concerned about the tower’s [...]
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thestatedtruth.com | June 19, 2010
Can burning oil be ‘environmentally friendly’? At current crude-oil prices, that burn rate suggests that $700,000 worth of petroleum is going up in smoke every day. Admittedly, it’s not your usual “smoke.” BP is using in a smokeless atomizing burner that is supposed to be more environmentally friendly than the usual equipment. However, the EverGreen [...]
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thestatedtruth.com | June 19, 2010
Greenpeace via Reuters A ship sprays water on a burner that disposes of oil and natural gas brought up from a leaking well in the Gulf of Mexico. The good news is that more than a million gallons of leaking oil are now being captured every day from the broken Gulf of Mexico well. The [...]
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thestatedtruth.com | June 17, 2010
#1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used “as needed” by state governors. So what are all of these National Guard troops going to be doing exactly? Are the troops going to be used to stop the oil or to control the [...]
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thestatedtruth.com | June 17, 2010
Submitted by George Washington 06/17/2010 → Washington’s Blog The Deepwater Horizon blew up on April 20th, and sank a couple of days later. BP has been criticized for failing to report on the seriousness of the blow out for several weeks. However, as a whistleblower previously told 60 Minutes, there was an accident [...]
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thestatedtruth.com | June 16, 2010
Bloomberg — Matthew Simmons, founder of the Ocean Energy Institute, talks with Bloomberg’s Lori Rothman about BP Plc’s oil leak in the Gulf of Mexico and his view that the use of a “small-bore nuclear device” is now the “only option” to stop the flow of oil. Listen to this news interview……unbelievable. Click below: http://video.godlikeproductions.com/video/Simmons_Says_Nuclear_Device_Only_Option_to_Stop_Oil_Flow
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thestatedtruth.com | June 16, 2010
From Jeff Rense.com ……………… The magnitude and impact of this disaster will eclipse anything we have known in our life times if the worst or even near worst happens… Contrary to what most of us would think as logical to stop the oil mess, actually opening up the gushing well and making it gush more [...]
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thestatedtruth.com | June 16, 2010
So much for PEAK oil, we scooped this days ago, now the U.S. government is raising its numbers, it may well be the largest oil well in the history of the world, who would have thunk it! “This is a phenomenal formation that they drilled into.” said Ian MacDonald, an oceanographer at Florida State University….Exceptional Gulf of Mexico [...]
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thestatedtruth.com | June 15, 2010
Among those who have loans that aren’t backed by any federal agency, the re-default rate within 12 months is likely to be 65% to 75% under the Obama administration’s Home Affordable Modification Program, according to a report from Fitch Ratings.
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thestatedtruth.com | June 15, 2010
A bleak Ghazni Province seems to offer little, but a Pentagon study says it may have among the world’s largest deposits of lithium. By JAMES RISEN Published: June 13, 2010 WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to [...]
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thestatedtruth.com | June 15, 2010
Mexico on Tuesday put a limit of 4,000 US dollars per month on bank deposits by individuals, a move meant to thwart drug traffickers who use the US currency to stash away their illicit profits. Officials also imposed a limit of 7,000 US dollars for deposits by Mexican businesses making deposits in greenbacks. Meanwhile foreigners [...]
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thestatedtruth.com | June 14, 2010
Woha……..This is heavy reading on the Gulf of Mexico oil blowout if TRUE! The disaster has a real potential cost of at least $1,000 billion ($1 trillion). According to the Washington report of Madsen, BP statements that one of the leaks has been contained, are pure public relations disinformation designed to avoid panic and demands [...]
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thestatedtruth.com | June 14, 2010
Rick’s Picks Monday, June 14, 2010 “Phenomenally accurate forecasts” We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, [...]
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thestatedtruth.com | June 13, 2010
The State and local governments are broke. This will amount to an endless amount of state aid. It will end when, not if…..foreigners flee our bonds and then interest rates explode because of it! Obama Pushes for $50 Billion in State Aid by CalculatedRisk on 6/13/2010 From Jackie Calmes and Sheryl Gay Stolberg at the NY Times: Obama [...]
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thestatedtruth.com | June 11, 2010
The financial raid against the middle class – 9 of the 10 largest occupations in the U.S. have median wages between $8 per hour and $14per hour. The middle class is inheriting a new serfdom drowning in mountains of debt. The new two income trap. Posted: Fri, 11 Jun 2010 18:02:10 +0000 The war against [...]
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thestatedtruth.com | June 10, 2010
These rule changes will just be blowing in the wind……If you get our drift. We will explain in an upcoming essay……… By editor Jun 10, 2010 The Securities and Exchange Commission [SEC] said on Thursday it approved rules that will require the exchanges and FINRA to pause trading in certain stocks if the price moves 10% [...]
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thestatedtruth.com | June 10, 2010
Arizona Sells Supreme Court Building in $300 Million Bond Deal By Allison Bennett and Brendan A. McGrail June 8 (Bloomberg) — Arizona, which sold state prisons and offices to raise cash six months ago, plans to borrow $300 million by marketing its Supreme Court building and about a dozen more properties through leaseback bonds [...]
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thestatedtruth.com | June 10, 2010
We have (2) options according to Oil expert Matthew Simmons. British Petroleum could be bankrupt over one bad drill hole! Everyone should click on the link below and listen to this informative CNBC video interview of Matthew Simmons! He says that this is the worst oil disaster ever. Joe Weisenthal The Houston energy banker [...]
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thestatedtruth.com | June 9, 2010
WASHINGTON — When it comes to the deficit, Ben S. Bernanke has a story, and he’s sticking to it. Mr. Bernanke, the Federal Reserve chairman, warned on Wednesday that “the federal budget appears to be on an unsustainable path,” but also recognized that an “exceptional increase” in the deficit had been necessary to ease the [...]
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thestatedtruth.com | June 9, 2010
Rick’s Picks Wednesday, June 9, 2010 “Phenomenally accurate forecasts” [Over the last three years, the Federal Reserve has conjured up trillions of dollars of funny money in an attempt to breathe some inflation back into the economy. The attempt has cleared failed. Now, it would appear, Britain has become the first country to throw in [...]
Category: Commentary, Commodities, Economy, Finance, Interest Rates And Bonds, National News, Wall Street |
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thestatedtruth.com | June 8, 2010
Fitch Ratings agency warned Tuesday that Britain faces a “formidable” fiscal challenge and must cut its budget deficit faster to maintain its top credit rating. In a special report ahead of an emergency budget planned by the new coalition government, Fitch noted that the rise in public debt ratios since 2008 is faster than any [...]
Category: Commentary, Commodities, Economy, Finance, Gold and Silver, National News, Wall Street |
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thestatedtruth.com | June 8, 2010
From Art Cashin on the floor of The New York Stock Exchange today! Fedspeak – Chairman Bernanke gave a speech last night. It wasn’t exactly a barn burner but he did suggest that while the recovery will be slow and joyless, it will not produce a double dip. Janet Yellen, in her Monday speech did [...]
Category: Commentary, Commodities, Economy, Finance, Interest Rates And Bonds, National News, Pensions and Retirement, Wall Street, World News |
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thestatedtruth.com | June 7, 2010
By Tyler Durden on 06/07/2010 April consumer credit came in slightly above expectations, at $2,423 billion in April, compared to $2,421.8 billion in March. The March number was interesting as it was revised notably lower from +$2 billion to -$5.4 billion, a revision the likes of which we can probably expect for April once [...]
Category: Commentary, Commodities, Economy, Finance, Interest Rates And Bonds, National News, Real Estate, Wall Street |
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