thestatedtruth.com | September 18, 2011
We’ve gone over this before, but it looks like the idea is catching on….Grey bearded baby boomers are in trouble…..but many don’t even know it! Deutsche Bank, in a new report expects stock market investors to lose about 10% of their money — in real terms — over the next 10 years, while the economy goes […]
thestatedtruth.com | September 17, 2011
So far the record low interest rates have only kicked the can down the road by allowing desperate debt to prolong its misery. History will likely show this to be a catastrophic economic mistake. In the process, we have destroyed the retirement class by forcing them into higher risk assets.
thestatedtruth.com | September 16, 2011
But these figures speak for themselves….we continue to expect negative numbers over the next few years, actually into 2014. Net worth for households and non-profit groups decreased by $149 billion, a 1 percent drop at an annual pace, to $58.5 trillion, the Federal Reserve said today in its flow of funds report from Washington. It rose at a 7.4 […]
thestatedtruth.com | September 16, 2011
So why is it so hard to convince people in high places about this? Well, because those who sit on top, often can’t see through the clouds. Governments are first to come to mind. From The Wall Street Journal: The income of the typical American family — long the envy of much of the world — […]
thestatedtruth.com | September 15, 2011
The rich have it all…..the new Ferrari family car is $356,000 and is sold out, that gets you just one car! Yep, you read that right. Ultra-luxury remains totally recession-proof. The gap between rich and poor have never been greater. Maserati aims to boost deliveries by almost eightfold to 45,000 cars in 2014 as it increases dealers by 150 percent worldwide. Lamborghini […]
thestatedtruth.com | September 6, 2011
So…overall household debt to disposable income has declined minesquely from a peak of 134% in 2007 to 125% currently. That doesn’t exactly set the house on fire as most assets have declined at a faster rate, especially for entities that have not experienced stable or growing revenues (main street America comes to mind). If Dick Stoken is […]
thestatedtruth.com | August 31, 2011
Amoung areas of interest for investing in this demographic tidal wave …..We would expect to see strong growth in all areas of health-care spending, that’s a no brainer. Women and baby boomers entering the American workforce after 1950 helped to supercharge expansions in 1975 and 1983 by filling an increasing number of jobs and purchasing more goods and […]
thestatedtruth.com | July 18, 2011
Steve Wynn is very wealthy and very smart. When he talks, people tend to pay attention….no pun intended! During the Wynn corporate earnings call, Steve Wynn gave without doubt the most blistering and scathing critique of the Obama administration by anybody yet, and he’s a Democrat. From the call transcript: I believe in Las Vegas, I think its best […]
thestatedtruth.com | June 15, 2011
It’s a sign of the times and also why generations of workers are screwed for as far as the eye can see….main street Jack and Jill see little if any government stimulus drift down to him or her. It’s the sad but real truth. The better question though is ….How do we fix this? The common answer from the […]
thestatedtruth.com | June 11, 2011
Fat chance of this debt ever getting cut in a timely manor other then by default! Debt is the reason that the world goes into another recession or controlled depression at some point! Just a matter of time. $26,172 isn’t some magic number, it’s the amount of debt the average U.S. household would need to cut to […]
thestatedtruth.com | June 9, 2011
About a year ago Zero Hedge posted an article…..”Record Number Of Americans Using Retirement Funds As Source Of Immediate Cash” after a report by Fidelity uncovered that “plan participants with loans outstanding against their 401(k) accounts had reached 22 percent versus 20 percent a year earlier.” Well guess what? The new number is now 30% […]
thestatedtruth.com | June 9, 2011
Household wealth in the U.S. climbed by $943 billion in the first quarter of 2011 according to the Federal Reserve’s flow of funds report out of Washington,  as rising stock market share prices outstripped declines in home values. From the peak in June 2007 to the low in 2009 the losses from all asset groups combined were -24.9% of assets. As of […]
thestatedtruth.com | June 4, 2011
Here we go with a summary of earnings details per household as of May 2010 (it hasn’t changed much since). We repeat….we’re talking earnings details in this missive not wealth or net worth. 40% of US households make below $36,000 60% make below $57,000 80% make below $91,750 95% making below $165k 98% making less than $250,000 […]
thestatedtruth.com | June 4, 2011
This is the global wealth pyramid……in U.S. dollars. Basically only 8% of the WORLD population has $100,000 dollars or more of net worth! Put another way, 92% of the world population has less then $100,000 in total wealth.Â
thestatedtruth.com | June 3, 2011
So this is what the government proudly calls a recovery…..after spending trillions of borrowed dollars! New all time records for the charts below. www.zerohedge.com
thestatedtruth.com | May 31, 2011
Read this story with a strong sense of doubt. Question each motive and the why and by whom. Then remember what you read just in case it turns out to be right! There are stories out and about, and some even seem believable as they challenge the logic that there isn’t much gold in Fort Knox. To the practical effects on the global economy, should […]
thestatedtruth.com | May 31, 2011
From the Wall Street Journal. These are ridiculous numbers, no society can operate for long with so such concentrated wealth, this will have to change…….The world’s millionaires represent 0.9% of the world’s population but control 39% of the world’s wealth, up from 37% in 2009. Those with $5 million or more represent 0.1% of the […]
thestatedtruth.com | May 31, 2011
An all time record new high……44.199 million people on food stamps and counting, during an economic recovery! Geez  Courtesy of John Lohman
thestatedtruth.com | May 29, 2011
thestatedtruth.com | May 25, 2011
From King World News……Michael Pento Of Europacific Capital…non-financial debt as a percentage of GDP is now 244%, it has never been higher! QE2 is done, if interest rates rise it’s game over.  “I just want to highlight some things that Jim Bullard said (President of the St. Louis Federal Reserve): You have to remember that he […]
thestatedtruth.com | May 12, 2011
Here is a picture that explains everything. For the U.S. to grow its way out of current problems, it will require monumental new debt creation….from which we are already buried! But by the looks of things, most governments are going to try anyway. To put things in perspective, in order for the 2010 decade to mirror, match, or in […]
thestatedtruth.com | April 25, 2011
“The Wealth Effectâ€Â — combined with low taxes on capital has concentrated American wealth into the hands of the richest 1%. Seven percent of income flows to the top 0.1 %. Meanwhile, tax receipts in general are the lowest as a percentage of GDP in a half century.
thestatedtruth.com | April 25, 2011
American poverty and distress, such as food stamp recipients are headed for an all time high! Â
thestatedtruth.com | April 20, 2011
An excellent review of the world economic picture and the future of Gold By Ron Hera April 15, 2011 ©2011 Hera Research, LLC The Hera Research Newsletter (HRN) is pleased to present an in-depth interview with Jim Sinclair, Chairman and CEO of Tanzanian Royalty Exploration and founder of Jim Sinclair’s MineSet, which hosts his gold commentary […]
thestatedtruth.com | April 19, 2011
This is the second highest net leverage ever seen on on the NYSE, Â and only a freckle away from a new record….Words to the wise, be prepared is not just a boy scout motto. The NYSE has released its monthly margin debt update for March. Not surprisingly, with EVERYONE chasing nothing but levered beta, margin […]
thestatedtruth.com | April 12, 2011
There are now 6.4 million fewer jobs in America than there were when the recession began, but the government says the recession is long gone…….. Total home mortgage debt in the United States is now 5 times larger than it was 20 years ago…..so we’re talking 5 times larger than 1991 folks! Wow, and people wonder why we’re […]
thestatedtruth.com | April 9, 2011
From Chapter 4 Of The Book Endgame: What it shows is that employment is very skewed, as is income. This was as of the end of 2009, but the principle is the same. The clear problem in the United States is this: If the highly skilled have 2.5 percent unemployment, how do you reduce that? […]
thestatedtruth.com | April 8, 2011
It’s here and now folks, the widening gap between declining incomes and higher costs has been filled with borrowed money. Now that borrowing has reached its limit,  the consumer economy is devolving. Here is what it means. The cost structure of the entire U.S. economy has bloated to unsustainable levels. Here’s the basic mechanism: when money […]
thestatedtruth.com | April 7, 2011
The top 1 percent have over 40 percent of all financial wealth in this country. And…The top 1 percent has never done so well in relative terms. In fact we would have to go back to the years prior to the Great Depression to find such a glaring divide with income inequality: Source: Center on […]
thestatedtruth.com | March 31, 2011
To see the real story, just look at the charts….. The top 1 percent control 42 percent of all financial wealth. Growing Inequality…the middle class vs. the rich Growing Inequality…in income Source: Social Security Does this look like a recovery to you?  More and More Food Stamps……and no end in sight And Real Estate values are […]
thestatedtruth.com | March 19, 2011
Notice if you will, the house in the chart below is upside down…..how appropriate! One hundred years of the government’s attempts to mute the natural business cycle are slowly and painfully coming to an end. A period where the government proactively encouraged consumption until it became 70% of the economy, we produced very little, and […]
thestatedtruth.com | March 1, 2011
Well, this is a deep subject, no pun intended, suffice to say 401K’s are not the only way states can help their pension funds. They can manage them more wisely and put less faith into Wall Street. The financial collapse, poor management and the housing bubble are amoung the reasons these plans are in crisis. Here are some definitions: A defined benefit […]
thestatedtruth.com | February 24, 2011
From The Wall Street Journal………The Internal Revenue Service announced new rules intended to help struggling taxpayers cope with tax debts. Commissioner Doug Shulman called the steps an effort to “stand in taxpayers’ shoes” in order to minimize unnecessary burdens and said they wouldn’t compromise tax collections. The changes affecting individuals concern tax liens and so-called […]
thestatedtruth.com | February 22, 2011
How Rich Are The Superrich A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
thestatedtruth.com | February 21, 2011
The average person doesn’t realize the shortage they will likely be faced with in retirement!Â
thestatedtruth.com | January 30, 2011
Got a good point here…the powers to be and the rich should pay attention to this… before it’s to late!  When a country, among other shortcomings, relinquishes its financial system and its population’s well-being to the pursuit of ‘good deals’, there is going to be substantial fallout. The citizens protesting in the streets of Greece, […]
thestatedtruth.com | January 23, 2011
We have followed Clif Droke for a number of years, and his record with the Kress Cycles is one step ahead of most others. The Kress cycles will take on the financial markets, and by extension the economy from 2012-2014. This will come as a shock for the most optimistic observers. The final “hard down†phase of the […]
thestatedtruth.com | January 13, 2011
ICI just revised the last two data points of 2010 which were originally inflows, to one outflow and one minimal inflow.  Looking at last week’s flows, the first of the new year 2011 starts with an equity outflow of $4.2 billion and was the largest one week outflow since early October!
thestatedtruth.com | January 10, 2011
If this is plan B, inquiring minds wonder what plan C would look like! In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to […]
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