thestatedtruth.com | May 30, 2009
This Way There Be Dragons by John Mauldin May 29, 2009 In this issue: This Way Be Dragons A Housing Update More Prime Foreclosures In Our Future Are We Paying Too Much for Health Care? Naples, London, and Home for June In fantasy novels the intrepid heroes come across a sign saying “This Way [...]
thestatedtruth.com | May 29, 2009
thestatedtruth.com | May 29, 2009
thestatedtruth.com | May 28, 2009
May 28, 2009 By Scott Stewart and Fred Burton On June 1, 2009, the land and sea portion of the Western Hemisphere Travel Initiative (WHTI) will go into effect. The WHTI is a program launched as a result of the Intelligence Reform and Terrorism Prevention Act of 2004 and intended to standardize the documents [...]
thestatedtruth.com | May 28, 2009
U.S. Treasury and Federal Reserve. Federal Reserve holding over $2 trillion in the Darkest Balance Sheet in Financial History. The U.S. Treasury and the Federal Reserve have arguably two of the least transparent balance sheets known to humankind. This wouldn’t be such a big issue if the amount of money funneled into these organizations was [...]
thestatedtruth.com | May 26, 2009
thestatedtruth.com | May 23, 2009
New Jersey’s Pension Crisis: A Canary in the Coal Mine? By: Ravi Nagarajan May 22, 2009 In the same way that drivers are compelled to slow down to observe the aftermath of pileups, I find myself fascinated by the slow motion destruction of state and local government finances due to chronic underfunding of pension systems. [...]
thestatedtruth.com | May 23, 2009
Once upon a time the Dollar was actually backed by something tangible …….. like Gold and Silver. Ah, those were the good old days! $100 Gold Certificate And a couple examples of paper money backed by Silver: $5 and $1 Silver Certificates:
thestatedtruth.com | May 23, 2009
thestatedtruth.com | May 22, 2009
May 22, 2009 Housing’s Big Picture Isn’t Pretty By Peter Schiff While economists and real estate investors “celebrate” the slight deceleration in the pace of home price declines in the recent data, a quick look at home price trajectories over the past 100 and 50 years reveals little to cheer about and [...]
thestatedtruth.com | May 22, 2009
FINANCIALSENSE.COM Stone Age Genocide by J. R. Nyquist Weekly Column Published: 05.22.2009 There once lived a race of men classified by modern scientists as Homo sapiens neanderthalensis – otherwise known as Neanderthals. The bones of this prehistoric race have been found in Europe and Asia. It is believed they died out between [...]
thestatedtruth.com | May 21, 2009
Roger Wiegand: Look for Major Selling Event in the Fall, and Oil to Rise Source: The Energy Report 05/21/2009 The “Sell in May” situation could arrive right on time this year, according to Roger Wiegand of Trader Tracks, who anticipates that all the economic machinations of the last year could create not only inflation, but potentially [...]
thestatedtruth.com | May 21, 2009
Gold’s Moon Shot Scenario By: Rick Ackerman Rick’s Picks Thursday, May 22nd, 2009 “Phenomenally accurate forecasts” Although our long-term outlook for precious metals remains bullish, we doubt that gold is ready to leap beyond the $1000 barrier the next time it touches it — especially if this occurs within the next few weeks. However, [...]
thestatedtruth.com | May 21, 2009
Thursday, May 21, 2009 Bailouts the Plaque of Economic Hygiene by Bill Bonner Baltimore, Maryland Is it on…or off? The bear market rally, that is? The Dow was down again yesterday…but just a little…52 points. The short-covering rally is finished, says David Rosenberg, formerly one of Merrill’s top analysts. “Everyone I know is [...]
thestatedtruth.com | May 21, 2009
By P. P. Humbert May 21, 2009 The 19th century expansion of trade with America and India (thanks to the British Navy dominance and the imperialist policies of that century) caused the growth of population in cities, the increase of demand of labor and, therefore, wages. High wages associated to the availability of low cost energy [...]
thestatedtruth.com | May 21, 2009
Roger Wiegand: On the Cusp of a Significant Rise in Gold – Posted Tuesday, 19 May 2009 The ‘Sell in May’ situation could arrive right on time this year, according Roger Wiegand of Trader Tracks, who anticipates the next larger, extended rally in gold this fall. In this exclusive interview with The Gold Report, Roger [...]
thestatedtruth.com | May 20, 2009
May 20, 2009 By Scott Stewart and Fred Burton Related Special Topic Page Tracking Mexico’s Drug Cartels Rey Guerra, the former sheriff of Starr County, Texas, pleaded guilty May 1 to a narcotics conspiracy charge in federal district court in McAllen, Texas. Guerra admitted to using information obtained in his official capacity to help [...]
thestatedtruth.com | May 20, 2009
Wednesday, 20 May 2009 What happens when green shoots sink deeper roots and flower… Watch out… The greenback’s headed for the toaster oven… The spooky “progress” of the US budget deficit… Thomas E. Woods on Obama’s magic bubble deflator… Deficits Threaten US Dollar Supremacy By Bill Bonner Baltimore, Maryland Everything is happening…just as we [...]
thestatedtruth.com | May 20, 2009
By Tami Luhby, CNNMoney.com senior writer Last Updated: May 18, 2009: 4:08 PM ET NEW YORK (CNNMoney.com) — Fannie Mae and Freddie Mac, charged with helping lead the nation out of its housing crisis, are facing “critical” financial problems, federal regulators said Monday. The companies suffer from severe financial, operational and compliance weaknesses, the Federal [...]
thestatedtruth.com | May 20, 2009
thestatedtruth.com | May 20, 2009
So….you want to live in California! Big Big changes coming to California………..Schwarzenegger Seeks $6 Billion Loan, …..Much bigger cuts coming to education……..Schwarzenegger, a 61-year-old Republican, said the state should sell $6 billion of revenue anticipation warrants, a type of cash-flow loan that can be repaid over two years. He also proposed cutting an equal amount in [...]
thestatedtruth.com | May 20, 2009
STRATFOR May 14, 2009 By Kamran Bokhari The Kingdom of Saudi Arabia historically has played a major role in the development of jihadism. Key pillars of the Saudi state — oil, Wahhabism (a conservative form of Sunni Islam) and the strength of tribal norms — were instrumental in facilitating the rise of Islamist extremism and [...]
thestatedtruth.com | May 19, 2009
I wouldn’t want to be a Chrysler or GM dealer and have to face this………….From Bloomberg………….Chrysler LLC asked a bankruptcy judge to let it cancel 789 automotive dealership agreements by June 9, many located in the suburbs of major U.S. cities. The company wants to break contracts with about a quarter of its estimated 3,188 [...]
thestatedtruth.com | May 19, 2009
Rick Ackerman says ……..High End Homes Won’t Evade Crash -TheStatedTruth.com High End Homes Won’t Evade Crash by Rick Ackerman on May 12, 2009 12:01 am · Will homes maintain their value best in expensive neighborhoods, where homeowners presumably are not under the gun to sell or even to make mortgage payments? I’ve argued the opposite [...]
thestatedtruth.com | May 11, 2009
In interesting review in John Mauldlin’s Outside the Box News Letter………………The View From London’s Absolute Return Partners. -TheStatedTruth.com The $33,000,000,000,000 Question by Niels Jensen The Absolute Return Letter May 2009 “Never in the history of the world has there been a situation so bad that the government can’t make it worse.” – Unknown Is the crisis really [...]
thestatedtruth.com | May 11, 2009
STRATFOR May 11, 2009 By George Friedman After U.S. airstrikes killed scores of civilians in western Afghanistan this past week, White House National Security Adviser Gen. James L. Jones said the United States would continue with the airstrikes and would not tie the hands of U.S. generals fighting in Afghanistan. At the same time, [...]
thestatedtruth.com | May 10, 2009
Wi-Fi to Go, No Cafe Needed ……………..From The New YorkTimes………Getting online isn’t impossible, but today’s options are deeply flawed. Most of them involve sitting rooted in one spot — in the coffee shop or library, for example. (Sadly, the days when cities were blanketed by free Wi-Fi signals leaking from people’s apartments are over; they [...]
thestatedtruth.com | May 9, 2009
This weeks comments from John Mauldin’s Thoughts from the Frontline Weekly Newsletter……………… -TheStatedTruth.com Are the Green Shoots Really Dandelion Weeds? When the employment numbers come out, my usual routine is to go the Bureau of Labor Statistics website and peruse the actual tables (www.bls.gov). I was rather surprised to see that the actual number of [...]
thestatedtruth.com | May 9, 2009
China has given its clearest warning to date that emergency monetary stimulus by Western governments risks setting off worldwide inflation and undermining global bond markets. “A policy mistake made by some major central bank may bring inflation risks to the whole world,” said the People’s Central Bank in its quarterly report. “As more and more economies are [...]
thestatedtruth.com | May 9, 2009
Hmm……………….Bank of America’s attempt to exit the merger came to a halt on December 21, 2008. That day, Lewis informed Secretary Paulson that Bank of America still wanted to exit the merger agreement. According to Lewis, Secretary Paulson then advised Lewis that, if Bank of America invoked the MAC, its management and Board would be replaced. Reportedly, [...]
thestatedtruth.com | May 9, 2009
More research about the Swine Flu……………………..Swine flu evolved from human viruses circulating in pigs for more than a decade, a finding that may explain why people in their 30s and 40s are getting sicker than the elderly in the U.S. and Mexico, scientists said today. Older people may have some immunity against swine flu because [...]
thestatedtruth.com | May 9, 2009
Holy Smokes……………California could be broke by July, state official warns…………Despite the budget fix enacted in February, the state is on track to come up $23 billion short of what it needs to get through the year, the Legislature’s chief budget analyst says. -TheStatedTruth.com California Could Be Broke By July, State Official Warns From The [...]
thestatedtruth.com | May 9, 2009
Both healthy and weaker banks face uncertainties as this process unfolds……………… Here’s (roughly) how it works. Take the bank’s existing assets and then subtract a number representing all the shaky real estate loans and investments that probably won’t pay off. Now add back the profits the bank will probably make in the next six months. If the [...]
thestatedtruth.com | May 9, 2009
Interesting happenings down south! -TheStatedTruth.com Mississippi Farmers Trade Cotton Plantings for Corn James Patterson for The New York Times Danny Hargett planted corn and, for the first time, no cotton on his land in Mississippi. From The NY Times By CLIFFORD KRAUSS Published: May 5, 2009 [...]
thestatedtruth.com | May 6, 2009
Interesting tid bits…………here are the highest ranked schools in the U.S. for Business, Law, and Medical areas. -TheStatedTruth.com Best Business Schools U.S. News surveyed 426 M.B.A. programs to get the information used in the ranking of top business schools. These schools made the top 10. 1. Harvard University (Boston, Mass.) 2. Stanford University (Stanford, Calif.) 3 Northwestern University — Kellogg School of [...]
thestatedtruth.com | May 4, 2009
By George Friedman Related Special Topic Page Swine Flu Outbreak 2009 Word began to flow out of Mexico the weekend before last of well over 150 deaths suspected to have been caused by a new strain of influenza commonly referred to as swine flu. Scientists who examined the flu announced that this was a new [...]
thestatedtruth.com | May 4, 2009
This implies big changes ahead as high unemployment is the ticket to social strife………..Paul Volker says America may be saddled with high unemployment even after good times finally return. Hundreds of thousands of jobs have vanished forever in industries such as auto manufacturing and financial services. Millions of people who were fired or laid off [...]
thestatedtruth.com | May 4, 2009
Hmm……….Anyone ever wonder if those masks really worked back in 1918? -TheStatedTruth.com Policemen in Seattle wearing masks made by the Red Cross, during the influenza epidemic, December 1918.
thestatedtruth.com | May 4, 2009
John Mauldin hits the nail right on the head………………….The Fed and the Obama administration are playing a dangerous game. The Fed is going to print trillions of dollars to forestall deflation and try to re-ignite the economy. But for a variety of reasons a sustainable recovery may be a few years away. What happens when the [...]
thestatedtruth.com | May 2, 2009
Sometimes a picture is worth a trillion words or a trillion dollars as the case may be……… -TheStatedTruth.com
thestatedtruth.com | May 2, 2009
Hmm………Anybody out there see a rebound in these numbers. The answer is no. Now at some point we will start to stabilize. We could be seeing the beginning of that now, and that’s what everyone needs to look at in my opinion, but it’s still to soon to make that assumption. Warren Buffett said today at the Bershire AnnualShareholders Meeting that the recent [...]
thestatedtruth.com | May 2, 2009
I think it’s fair to say that our economy will be utilizing natural gas in more ways then we ever thought possible. A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation’s energy landscape…………….. After an era of declining production, the U.S. is now swimming in natural gas. Even conservative estimates suggest the Louisiana [...]
thestatedtruth.com | May 2, 2009
Paul Volker is the man, he’s been here before, and he should know better then anyone…………………..The U.S. economy is “leveling off at a low level” and doesn’t need a second fiscal stimulus package, said former Federal Reserve Chairman Paul Volcker, one of President Barack Obama’s top economic advisers. Volcker, head of Obama’sEconomic Recovery Advisory Board, said the 6.1 percent decline in [...]
thestatedtruth.com | May 2, 2009
By Fred Burton and Scott Stewart Over the past couple of weeks, we have been carefully watching the fallout from the Obama administration’s decision to release four classified memos from former President George W. Bush’s administration that authorized “enhanced interrogation techniques.” In a visit to CIA headquarters last week, President Barack Obama promised not to prosecute [...]
thestatedtruth.com | May 2, 2009
Well, this rapid contraction won’t last for ever……………We should start to see low inventories help lead the economy to a tepid recovery in the second half of 2009 or early 2010. From Bloomberg……..The U.S. economy plunged again in the first quarter, capping its worst performance in five decades, reflecting a record slump in inventories and further [...]
thestatedtruth.com | May 2, 2009
Well, here’s one you won’t hear of every day, in fact we’ve never heard of this before……From the LA Times……For the first time ever, there are not enough horses to have racing at Hollywood Park. The hits keep coming for horse racing. Thursday’s program at Hollywood Park was canceled because there weren’t enough horses entered to [...]
thestatedtruth.com | May 2, 2009
More subjective food for thought………………………..Hmmm… -TheStatedTruth.com Martin Armstrong Says Major Turn At Hand – Batten Down The Hatches, Or… Written By Martin Armstrong - Former Chairman Of Princeton Economics International Ltd. Friday, 24 April 2009 A turn date in Martin Armstrong’s Economic Confidence Model passed on April 19th or 20th, depending on how many days [...]