Dallas Fed’s Richard Fisher Is On The Tape…He Says He Won’t Vote For QE 3
thestatedtruth.com | February 7, 2011
What Dallas Fed Fisher is saying in a nutshell is basically the national debt can’t get any bigger without destroying the Dollar and causing inflation. Dallas Fed’s Richard Fisher Bloomberg Headlines: FISHER SAYS HE’S NOT LIKELY TO SUPPORT FURTHER ACCOMMODATION FISHER SAYS HE WILL DISSENT ON ANY FURTHER QUANTITATIVE EASING
Consumer Credit Rises $6.09 Billion In December, First Increase Since August 2008
thestatedtruth.com | February 7, 2011
We’ll see how long this lasts, best guess is it’s a short lived event…..why do we say that? Well, just look around you, what do you see….states, counties and cities getting ready for large budget cuts and layoffs, and taxes will have to go up. We have not solved any of the problems that caused the 2008-2009 economic crisis, […]
Cold Weather Hits Mexico
thestatedtruth.com | February 7, 2011
Freezing weather and snow paralyzed the border city of Ciudad Juarez, knocking out electricity and water in thousands of homes and closing roads and factories. Record low temperatures hit the city, across from El Paso, Texas with temeratures fluctuating between -0.4 and 10 degrees Fahrenheit (-18 and -10 degrees Celsius). “There have been cold temperatures […]
“Chicken” Of The Sea………If You Get Our Drift
thestatedtruth.com | February 6, 2011
Captain: That’s an awful big looking Tuna (inquiring minds think it might be a shark)……yep, it’s bigger then the USS Recovery ship can handle for sure! So what do we do?  Hint: Start those engines and run, baby…run. www.jsmineset.com
Egypt Has A Classic Run On Their Banks
thestatedtruth.com | February 6, 2011
Egyptian banks have been closed for almost two weeks. As they reopen they will have what is commonly called a “run on the banks”….in Egypt!  Egypt’s return to normalcy begins with the banks re-opening. According to Bloomberg, the Egyptian government was forced to use military cargo planes carrying $854 million to deliver cash to various […]
Cyclone Yasi Devastates Australian Crops
thestatedtruth.com | February 6, 2011
World commodity supplies will by the time summer is over, be called world commodity shortages! We are likely (barring a miracle) going to see a dynamic increase in food prices across the board. Let’s hope that the U.S. Midwest snow cover melts in a slow ordinary way….if not, we’ll have floods and crop damages here too. Not what a world […]
PIMCO’s Bill Gross Has Some Harsh Words For TPTB (The Powers That Be)
thestatedtruth.com | February 4, 2011
Here are some snippets from Bill Gross’s February Investment Outlook Newsletter….  Devil’s Bargain Money has become the economic and political wedge for profound changes in American society. Perhaps the most deceptive policy tool to lessen debt loads is the “negative†or exceedingly low real interest rate that central banks impose on savers and debt […]
Persons Not In The Labor Force But Who Want Jobs Are Now At All Time Record!
thestatedtruth.com | February 4, 2011
Interesting Tid Bit! The number of people who are not in the labor force, but who want a job now just hit 6,643K, a jump of 431K from December. It is the highest number in history. If included in the labor statistics, it would send the unemployment rate to about 12.8%.
Demographics Doo Doo In Congress
thestatedtruth.com | February 4, 2011
The House is the youngest since Eisenhower was elected in 1952. And the Senate, well….it’s the oldest Senate we’ve ever had going back to the Civil War. No wonder they can’t agree on anything!
Bernanke Says No Inflation Problem Here In The United States…
thestatedtruth.com | February 3, 2011
Uh…OK let her rip Big Ben….Speaking at the National Press Club in Washington, Ben Bernanke said it’s up to other countries to control their own inflation. It’s not a U.S. problem! By the way big Ben, the continuous commodity index is on a roll to the upside…oh well, guess that doesn’t count. Just so you know……. By Definition:  The Thomson Reuters […]
U.S. And China Threaten Each Other According To WikiLeaks Documents
thestatedtruth.com | February 3, 2011
The United States threatened to take military action against China during a secret “star wars” arms race within the past few years, according to leaked documents obtained by The Daily Telegraph. Â By Tim Ross, Holly Watt and Christopher Hope The two nuclear superpowers both shot down their own satellites using sophisticated missiles in separate […]
Gallup Finds U.S. Unemployment Up Slightly in January to 9.8%
thestatedtruth.com | February 3, 2011
It will be interesting to see if the government figures come in the same…so where is the “big economic recovery” that we hear about on a daily basis from the talking heads…looks more like a “small economic recovery” to us…inquiring minds want to know! Â by Dennis Jacobe, Chief Economist PRINCETON, NJ — Unemployment, as […]
The Story Of Johann Gutenberg….Who’s That You Say? Read On
thestatedtruth.com | February 3, 2011
From Art Cashin on the floor of The New York Stock Exchange On this day in 1468, one of the most influential figures in the last 2000 years (and maybe all of history) died. Â To keep things in perspective try to remember a few things:Â Leonardo Da Vinci was seven years old, Michelangelo had not […]
Australia’s Cyclone Yasi Will Have An Impact On Commodities And Economies Worldwide
thestatedtruth.com | February 2, 2011
Australia’s cyclone Yasi is one of history’s worst…and will have impacts on commodities worldwide! This will be a tough summer for inflation which the U.S. government says we don’t have! www.ingerletter.com
Starbucks To Introduce New Logo Without Name
thestatedtruth.com | February 2, 2011
Logo changes carry with them certain challenges, but most at least show the name! Starbucks has emerged over the last 20 years as one of the premier consumer brands in the world, alongside icons like Apple and Nike. Now, the company has decided to give that brand a facelift, revamping its ubiquitous logo. While logo […]
Commodities On A Tear…But, The U.S. Government Says Nope, “No Inflation”
thestatedtruth.com | February 2, 2011
Commodities are now setting new records almost daily. Where the stock markets still have some catching up to do, commodities are exploring new high territory. More at: www.businessinsider.com/
Minimum Wage Comparisons…Europe Vs. The United States
thestatedtruth.com | February 2, 2011
The European Commission reported the monthly minimum wages for European countries for 2011…here is how it compares to the United States. More at: http://www.businessinsider.com/minimum-wage-europe-2011-2
Massive Cyclone Of Epic Proportions Makes Landfall In Australia
thestatedtruth.com | February 2, 2011
Australia is fighting its worst weather in a 100 years, first rain and floods, now a huge cyclone. Cyclone Yasi, which is now projected to be a category 5 storm according to the Australian Weather Bureau, is making landfall in Queensland and will add to the continent’s flooding misery, which has already incurred over $20 billion of damages […]
Stratfor: Mubarak Declines To Run For Re-Election
thestatedtruth.com | February 1, 2011
Looks like a stalling tactic…If we were Egyptian President Hosni Mubarak, we’d be getting out of Dodge (Egypt)Â and fast! February 1, 2011 Egyptian President Hosni Mubarak said Feb. 1 he would not seek another term as president in elections slated for September but that he will complete his current term. In a televised national address, […]
Food Stamp Usage Continues Higher…Up 14% From One Year Ago
thestatedtruth.com | February 1, 2011
We’re looking at nearly 15% of the population now on food stamps….and the drift between the rich and the poor continues to get wider by the day! As of November, the SNAP program had 43.6 million participants, an increase of 400k from October, and a 14% increase, or 5.3 million from a year prior. The […]
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