thestatedtruth.com | June 30, 2009
Did leak from a laboratory cause swine flu pandemic? By Steve Connor, Science Editor June 30, 2009 Same strain of influenza was released by accident three decades ago It has swept across the world killing at least 300 people and infecting thousands more. Yet the swine flu pandemic might not have happened had it not [...]
thestatedtruth.com | June 29, 2009
Gene Inger’s Daily Briefing . . . for Tuesday June 30, 2009: Good evening; California IOU’s on Thursday . . . will be the big domestic story; though all you hear via media relates to the (obviously expected to occur) life sentence plus for Madoff. It would be more interesting to hear about remedies pursued [...]
thestatedtruth.com | June 29, 2009
June 29, 2009 By George Friedman Related Link The Geopolitics of Iran: Holding the Center of a Mountain Fortress Speaking of the situation in Iran, U.S. President Barack Obama said June 26, “We don’t yet know how any potential dialogue will have been affected until we see what has happened inside of Iran.” On [...]
thestatedtruth.com | June 27, 2009
thestatedtruth.com | June 27, 2009
Gene Inger’s Daily Briefing . . . for Monday June 29, 2009: Good weekend! Seasonal meandering aside . . . (as the relevance of an early-mid July rebound is a secondary consideration) the bulk of surveys suggest people either believe recovery has started or is around the corner. This despite consumer frugality; limited stimulus in [...]
thestatedtruth.com | June 26, 2009
Keep the Faith—Higher Gold Price Will Come Posted Friday, 26 June 2009 On the global stage of currency devaluation and debasement, the reasons for owning gold seem obvious. But have you ever stopped to consider the derivative market? According to Charles Oliver and Jamie Horvat, both senior portfolio managers at Sprott Asset Management, “The [...]
thestatedtruth.com | June 25, 2009
thestatedtruth.com | June 25, 2009
Even After Failures, Fed Fever Lingers By: Rick Ackerman Rick’s Picks: Thursday, June 25, 2009 The markets displayed disturbing symptoms of Fed-itis yesterday, spasming up and down even though the central bank did nothing remotely interesting, let alone earth-shattering. Monetary policy was left unchanged, which is the only thing that could have happened. To [...]
thestatedtruth.com | June 25, 2009
Cumberland Advisors 614 Landis Avenue Vineland NJ 08360-8007 1-800-257-7013 http://www.cumber.com Global Recovery In Sight, China A Locomotive June 25, 2009 This commentary was written by Bill Witherell, Cumberland’s Chief Global Economist. He joined Cumberland after years of experience at the OECD in Paris. His bio is found on Cumberland’s home page, www.cumber.com. He can [...]
thestatedtruth.com | June 25, 2009
Buffett’s Gloomy Economic Predictions The Oracle of Omaha says the worst is yet to come. Posted by Kim Peterson and Catherine Holahan on Thursday, June 25, 2009 10:04 AM Warren Buffett doesn’t see the “green shoots” Ben Bernanke and other bullish investors have spoken of in recent months. In fact, the billionaire investor believes the [...]
thestatedtruth.com | June 24, 2009
From Jim Sinclair………..
thestatedtruth.com | June 23, 2009
Quoted From Bill Bonner’s Daily Reckoning………… If you haven’t seen it, there was a “news” item supposedly from Pravda that tells us the United States, Canada and Mexico have secretly planned to introduce a new North American currency, the Amero. Below is the alleged sample of the 50 Amero bill: Amero to become [...]
thestatedtruth.com | June 23, 2009
thestatedtruth.com | June 23, 2009
Gene Inger’s Daily Briefing . . . for Wednesday June 24, 2009: Good evening; Historical parallels . . . between the Great Depression of the 1930s and our current ‘controlled Depression’ as we call it, or Great Recession as some others now admit; have been widely remarked and reflected upon. While we don’t like to [...]
thestatedtruth.com | June 22, 2009
An Ingenious Plan To Pay All Debts By: Rick Ackerman Posted Monday, 22 June 2009 Rick’s Picks Monday, June 22, 2009 “Phenomenally accurate forecasts” With the U.S. sinking hopelessly into a black hole of debt, and households facing an avalanche of tax hikes that will at best postpone the nation’s day of bankruptcy, [...]
thestatedtruth.com | June 22, 2009
June 22, 2009 By George Friedman Successful revolutions have three phases. First, a strategically located single or limited segment of society begins vocally to express resentment, asserting itself in the streets of a major city, usually the capital. This segment is joined by other segments in the city and by segments elsewhere as the [...]
thestatedtruth.com | June 21, 2009
thestatedtruth.com | June 21, 2009
Gene Inger’s Daily Briefing . . . for Monday June 22, 2009: Good evening; No propensity to consume . . . Note that as this evolves instability reigns supreme as outlined last evening. A lack of confidence; an upcoming FOMC Meeting with no perfect track for the Fed to really embrace; concern about California as [...]
thestatedtruth.com | June 21, 2009
Florida & Clock Restaurant June 21, 2009 Besides the oppressive heat and humidity, the most striking thing on my five-city, six-night Florida swing was the lack of traffic on the roads. North-south interstates on both coasts (I-95 and I-75) flowed easily. So did Alligator Alley when I drove across the state. Florida went into recession [...]
thestatedtruth.com | June 20, 2009
”If I have seen further it is only by standing on the shoulders of giants.” ……Isaac Newton
thestatedtruth.com | June 20, 2009
Thoughts from the Frontline Weekly Newsletter This Time its Different* by John Mauldin June 19, 2009 In this issue: This Time It’s Different* Peter Bernstein, R.I.P. Welcome to the New Normal The Three Amigos Credit Spreads – Bullish or Bearish? ISM – Is Less Bad That Good? Contain Your Enthusiasm I have often written [...]
thestatedtruth.com | June 19, 2009
‘Something Different” Happening – CDC Thu Jun 18, 2009 5:41pm EDT *Up to 7 percent of population sick in heavily hit areas *Flu season could last all year this year in US By Maggie Fox, Health and Science Editor WASHINGTON, June 18 (Reuters) – The new strain of H1N1 flu is causing “something [...]
thestatedtruth.com | June 18, 2009
“The limits of tyrants are prescribed by the endurance of those whom they oppress.” –Fredrick Douglass, August 4, 1857
thestatedtruth.com | June 18, 2009
thestatedtruth.com | June 18, 2009
Gene Inger’s Daily Briefing . . . for Friday June 19, 2009: www.ingerletter.com Good evening; Instability reigns supreme . . . A lack of confidence; concern about California as I have highlighted recently; and the projected internal distribution are increasingly if for the most part belatedly, being acknowledged (or worried about) by a growing chorus. [...]
thestatedtruth.com | June 18, 2009
Thursday, June 18, 2009 “Phenomenally accurate forecasts” We waited in vain yesterday for the mood change that would have made the day even remotely interesting. Instead, the broad averages spent the day scratching little sores, so to speak, creating in the process a six-hour stretch of airless tedium for bulls and bears alike. Although [...]
thestatedtruth.com | June 17, 2009
thestatedtruth.com | June 17, 2009
Gene Inger’s Daily Briefing . . . for Thursday June 18, 2009: Good evening; Behavioral finance . . . based on hope; fairly recent historic experiences (we warned two years ago that to invest and steer through the ‘then-forthcoming’ morass maze, it was necessary to heed my warning: to throw-out preconceived investing notions of all [...]
thestatedtruth.com | June 17, 2009
Report: Carter Escapes Assassination Attempt On Visit To Gaza By YAAKOV KATZ, JPOST.COM STAFF AND AP Jun 16, 2009 17:34 | Updated Jun 16, 2009 19:59 Hamas said it foiled an attempt by Palestinian terrorists to assassinate former US president Jimmy Carter during his visit to the Gaza Strip on Tuesday, Palestinian sources told news [...]
thestatedtruth.com | June 17, 2009
The Mysterious Case of the Seized Bearer Bonds, Worth $134 Billion The US media has been generally silent about $134 billion in bearer bonds seized by Italian police at the Swiss border. On June 8, AsiaNews reported: Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese [...]
thestatedtruth.com | June 16, 2009
Like Gold at $990, but LOVE It at $918 by Rick Ackerman on June 16, 2009 12:27 am GMT · 0 comments Unh hee-yah! Unh hee-yah! Unh hee-yah! Gold futures have been pumping iron for more than a year — and so much the better for all of us if they weren’t up to [...]
thestatedtruth.com | June 16, 2009
thestatedtruth.com | June 16, 2009
DPRK Threatens To Launch Pre-emptive Strike Against U.S PYONGYANG, June 15 (Xinhua) — The Democratic People’s Republic of Korea (DPRK) has warned it would launch a pre-emptive attack against the United States. Pak Jae Gyong, vice-minister of the DPRK People’s Armed Forces, made the remark at a mass rally that attracted some 10,000 people to [...]
thestatedtruth.com | June 16, 2009
Medvedev Calls For New Reserve Currencies Tue Jun 16, 2:23 am ET YEKATERINBURG, Russia – Russian President Dmitry Medvedev says the world needs new reserve currencies. Medvedev told a regional summit Tuesday that the creation of new reserve currencies in addition to the dollar is needed to stabilize global finances. Medvedev has made the proposal [...]
thestatedtruth.com | June 16, 2009
Adrian Day: Summertime Bringing “Extremely Good Buying Opportunity” in Juniors Posted Tuesday, 16 June 2009 Consistently urging investors to be patient and disciplined, practicing what he preaches has earned Adrian Day a sterling reputation and recognition as an authority in both global and resource investing. In the long term, he anticipates much more [...]
thestatedtruth.com | June 15, 2009
Gene Inger’s Daily Briefing . . . for Tuesday June 16, 2009: www.ingerletter.com Good evening; Consumer pessimism . . . remains fairly low; because they’ve been propagandized to believe that we avoided ‘great depression 2’, and that the housing purge is over. It is not over (unfortunately; though of course varies regionally), and we [...]
thestatedtruth.com | June 15, 2009
This ia a needed change but not, repeat not good for real estate as it will make loans harder to qualify for. Treasury Plans Strict Rules For Securitisation By Krishna Guha and Tom Braithwaite in Washington and Francesco Guerrera and Aline van Duyn in New York Published: June 15 2009 22:04 | Last updated: June 16 [...]
thestatedtruth.com | June 15, 2009
Monday, June 15, 2009 “Phenomenally accurate forecasts” Bailing out the economy and the banking system has been such a brazenly corrupt, mendacious and, ultimately, doomed enterprise that one could almost forget for a moment how very clever the perpetrators are. If we needed proof that these guys are the slickest behind-the-scenes spin [...]
thestatedtruth.com | June 15, 2009
Before we get into this week’s Outside the Box, let me give you a few pieces of data that came across my desk this morning, which will help set the stage for the OTB offering. Fitch (the ratings agency), in a downgrade of yet another 543 mortgage-backed securities of 2005-07 vintage, gives us the following [...]
thestatedtruth.com | June 15, 2009
June 15, 2009 By George Friedman Related Link The Geopolitics of Iran: Holding the Center of a Mountain Fortress Related Special Topic Page The Iranian Presidential Elections In 1979, when we were still young and starry-eyed, a revolution took place in Iran. When I asked experts what would happen, they divided into two camps. [...]
thestatedtruth.com | June 15, 2009
That Worrying Wall of Debt By Vipal Monga Published June 5, 2009 at 11:59 AM The leveraged loan market got accustomed to big numbers over the past decade. There’s $3.6 trillion, the amount of leveraged loans made since 2000, according to Thomson Reuters’ Loan Pricing Corp. There’s 735-fold, the amount of growth between 2003 and [...]
thestatedtruth.com | June 15, 2009
Russia’s Kudrin Signals No Alternative to Dollar By John Fraher and Joseph Richter June 15 (Bloomberg) — Russian Finance Minister Alexei Kudrin said the dollar is in “good shape,” further affirming that there’s no substitute for the world’s reserve currency. Kudrin rushed to reassure investors of Russia’s confidence in the dollar just days after his [...]
thestatedtruth.com | June 14, 2009
1. Americans spend $36,000,000 at Wal-Mart every hour of every day. 2. This works out to $20,928 profit every minute! 3. Wal-Mart will sell more from January 1 to St.Patrick’s Day (March 17th) than Target sells all year. 4. Wal-Mart is bigger than Home Depot + Kroger + Target + Sears + Costco + [...]
thestatedtruth.com | June 12, 2009
Gene Inger’s Daily Briefing . . . for Monday June 15, 2009: www.ingerletter.com Bears increasingly are dumfounded …….by the perceived inability of the market to go down. So much so most now ignore internal (rotating) deteriorating strength (such as retail, financials, housing again, some technology, and a myriad of non-energy / oil or basic materials [...]
thestatedtruth.com | June 12, 2009
June 12, 2009 | 2116 GMT BEHROUZ MEHRI/AFP/Getty Images Iranian presidential candidate Mir Hossein Mousavi at a press briefing in Tehran after the June 12 vote The Iranian election is currently in turmoil. Both Iranian President Mahmoud Ahmadinejad and challenger Mir Hossein Mousavi are claiming to be ahead in the vote. Preliminary results from the [...]
thestatedtruth.com | June 12, 2009
John Embry Expects $1,500 Gold and Early Stage Hyperinflation by Year End Source: The Gold Report 06/12/2009 Back for another thought-provoking conversation with The Gold Report, John Embry sees both good and bad news in the weeks, months and years ahead. For example, John— Sprott Asset Management’s chief investment strategist—is braced for “an ugly summer,” with [...]
thestatedtruth.com | June 10, 2009
thestatedtruth.com | June 10, 2009
June 10, 2009 By Scott Stewart and Fred Burton On June 4, 2009, Walter Kendall Myers and his wife, Gwendolyn Steingraber Myers, were arrested by the FBI and charged with spying for the government of Cuba. According to court documents filed in the case, the Myers allegedly were recruited by the Cuban intelligence service [...]
thestatedtruth.com | June 10, 2009
U.S. Commercial Mortgage Defaults May Rise to 17-Year High By Hui-yong Yu June 9 (Bloomberg) — The default rate on commercial mortgages held by U.S. banks may rise to the highest in 17 years in the fourth quarter as debt for refinancing remains scarce and the recession drags down rents. The rate is likely to [...]
thestatedtruth.com | June 10, 2009
“The Formula” US Fiscal Balance vs. US Dollar: Federal Government Budget As A % of GDP, 12 Month Moving Average: The Federal budget, or total receipts less total outlays, divided by GDP defines “The Formula.” The Federal budget is normalized or divided by GDP to remove the effects of dollar devaluation and smoothed to provide [...]
thestatedtruth.com | June 10, 2009
The Fed Subpoena and BofA Testimony June 10, 2009 Bob Eisenbeis is Cumberland’s Chief Monetary Economist. Prior to joining Cumberland Advisors he was the Executive Vice President and Director of Research at the Federal Reserve Bank of Atlanta. Bob is presently a member of the U.S. Shadow Financial Regulatory Committee and the Financial Economist [...]
thestatedtruth.com | June 9, 2009
TARP Windfall Lays an Egg by Rick Ackerman on June 10, 2009 12:56 am GMT The jury is still out on our favorite stock market bellwether, Goldman Sachs, since the shares of the well-connected banking firm failed yesterday to push above an important Hidden Pivot resistance at 151.24. Although the stock popped just high [...]
thestatedtruth.com | June 8, 2009
WHO and the Pandemic Flu Madness by F. William Engdahl June 5, 2009 According to information from within the World Health Organization in Geneva, the UN organization supposedly monitoring global health dangers, WHO Director-General Margaret Chan plans to declare a Phase 6 Official Pandemic Alert in the coming days. This bizarre act if declared would [...]
thestatedtruth.com | June 8, 2009
June 8, 2009 By George Friedman Amid the rhetoric of U.S. President Barack Obama’s speech June 4 in Cairo, there was one substantial indication of change, not in the U.S. relationship to the Islamic world but in the U.S. relationship to Israel. This shift actually emerged prior to the speech, and the speech merely [...]
thestatedtruth.com | June 7, 2009
Russia, China should dump dollar in trade – Medvedev Fri Jun 5, 2009 3:07pm IST MOSCOW (Reuters) – Russia and China should consider switching to domestic currencies in bilateral trade without going to the dollar, Russia’s president Dmitry Medvedev said in an interview with Kommersant daily published on Friday. China has already entered similar agreements [...]
thestatedtruth.com | June 5, 2009
Yellen Says Fed Must Brace for ‘Substantial Shocks’ By Vivien Lou Chen and Scott Lanman June 5 (Bloomberg) — Federal Reserve Bank of San Francisco President Janet Yellen said that policy makers need to be prepared for “substantial shocks” and that rising Treasury yields may be a “disconcerting” signal of inflation fears. “Recent experience raises [...]
thestatedtruth.com | June 5, 2009
Vanity Fair’s article calls it a Beach Bummer. I am sure we all feel very sorry for the OTC derivative mavens that have been thrown onto hard times. Now they will have to both winter and summer in Greenwich CT. BEACH BUMMER The Hamptons Stress Test As summer begins, what better way to measure Wall [...]
thestatedtruth.com | June 5, 2009
Why China Loves Gold By: Rick Ackerman – Posted Friday, 5 June 2009 – Friday, June 5, 2009 “Phenomenally accurate forecasts” The Rick’s Picks chat room was abuzz yesterday with anxious talk about a possible $100 swoon in gold over the very near term. Fears may have been stoked by a subscriber whose predictions [...]
thestatedtruth.com | June 3, 2009
Focus on Trivia Hints of Downturn by Rick Ackerman on June 4, 2009 12:59 am GMT Statistical trivia has been garnering more than its fair share of attention lately, suggesting that stocks may be ready to head lower for a while, if perhaps only out of boredom. Yesterday’s selloff, half of which was recouped in [...]
thestatedtruth.com | June 3, 2009
June 3, 2009 By Scott Stewart and Fred Burton At approximately 10:30 a.m. on June 1, as two young U.S. soldiers stood in front of the Army Navy Career Center in west Little Rock, Ark., a black pickup pulled in front of the office and the driver opened fire on the two, killing one [...]
thestatedtruth.com | June 2, 2009
June 2, 2009 By Peter Zeihan The global recession is the biggest development in the global system in the year to date. In the United States, it has become almost dogma that the recession is the worst since the Great Depression. But this is only one of a wealth of misperceptions about whom the [...]
thestatedtruth.com | June 2, 2009
Schwarzenegger says day of reckoning is here Sacramento Business Journal – by Kathy Robertson Staff writer The state wallet is empty. The bank closed. Credit has dried up, Gov. Arnold Schwarzenegger told lawmakers in a special Tuesday morning address at the Capitol. “California’s day of reckoning is here,” he said. With no action, the state [...]
thestatedtruth.com | June 2, 2009
From The Wall Street Journal…………. By JOHN KELL Japan’s auto makers posted steeper U.S. sales declines than most of their American counterparts as most auto makers reported their highest sales of 2009, though the figures were still well below prior-year levels. Ford Motor Co., which posted the most modest decline, beat rival Toyota Motor [...]
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 2, 2009
thestatedtruth.com | June 1, 2009
Chart Courteously Of www.AgoraFinancial.com