thestatedtruth.com | August 4, 2011
Is Texas setting itself up for an electric grid disaster….we’ll soon see! Power demand for Electric Reliability Council of Texas, Inc, or ERCOT, which runs the power grid for most of the state, hit three consecutive records this week as Texans cranked up air conditioners to escape one of the hottest summers on record. Power […]
thestatedtruth.com | August 3, 2011
The consumer is broke and getting broker. So far, the free loaders have been free spenders. That’s about to change as the banks get closer to kicking millions of the mortgage dead beats out of their homes. As this evolves things will likely get down right nasty for the economy! From Bloomberg: Disclosure from an internal, […]
thestatedtruth.com | August 3, 2011
The rules have just changed. The little guy gets screwed again. Tiny Central Falls, R.I. filed for bankruptcy on Monday, but a new state law in Rhode Island places bondholders ahead of other creditors. It may turn out to be a bondholder’s dream as the real winners end up being the large municipalities located across the country as they target similar […]
thestatedtruth.com | August 2, 2011
So….our only question is: What happens if the economy gets really bad (by government standards)? Remember, the government says we’re still in a recovery. Just released data shows foodstamp usage increased over 1.1 million in the the highest single monthly jump in Foodstamp participation since mid 2009,that was when eligibility requirements were adjusted. We now have what amounts […]
thestatedtruth.com | August 2, 2011
In a puff of smoke….sounds like Putin doesn’t like us (U.S.) anymore? As if he ever did! On the other hand, he makes some startlingly good observations. Putin says U.S. is “parasite” on global economy Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means “like a parasite” on the global economy […]
thestatedtruth.com | August 2, 2011
Let’s get real…..this isn’t unexpected! Government bonds in Italy and Spain continue on a downward march, creating more concern about the potential spread of the euro zone’s debt crisis. The dominoes are falling one by one. World wide debt problems are bubbling over. A new financial world order is coming shortly.
Coming Soon
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