Bubbles…Here And There And Everywhere
thestatedtruth.com | October 23, 2011
We’ve all heard about what’s going on in Greece…but this bubble chart will help explain how other countries in Europe compare.
Steve Wynn With Another Epic Anti-Obama Rant
thestatedtruth.com | October 19, 2011
We think most everyone respects Steve Wynn, the famous Las Vegas developer…but maybe even more so now! Here anew are Steve Wynn’s own words on Prsident Obama, “You cannot sustain these deficits, you cannot undercut the people that form the jobs and create the employment in this country. Now, that is simply a statement of fact. It isn’t a partisan political pitch.” “It’s […]
Where (Location) Are The Top Income Earners In The U.S.?…How Many Of You Guessed Washington D.C.
thestatedtruth.com | October 19, 2011
Yep…It takes a lot of lawyers and money to tie knots in a political system like ours (and this is home to the nation’s greatest concentration of lawyers) …sounds like the protesters should be headed for Washington D.C. in short order. Total compensation for federal workers, including health care and other benefits, last year averaged $126,369. “There’s a […]
Democratic Billionaire Mortimer Zuckerman Says President Obama Is A Big Disappointment
thestatedtruth.com | October 18, 2011
Mort Zuckerman has for years owned U.S. News and World Report Magazine. He says in 1986 its Moscow correspondent Nicholas Daniloff was seized without warning by the KGB. Mr. Zuckerman immediately flew to Russia but returned home when Soviet officials refused to release their new prisoner. “I worked in the White House for the next four weeks […]
So Just How Did This Mess All Happen?
thestatedtruth.com | October 17, 2011
The federal government started this whole mess, not on purpose, but it doesn’t matter at this point…the bottom line is that middle class America (the working stiff’s) still have no clue as to what’s going on, that’s why the demonstrations around the country…. The press talks about how the rich got richer. Here’s The Washington Post: […]
Middle East On Edge…And, How To Fix America’s Lost Prosperity
thestatedtruth.com | October 17, 2011
Some fresh perspectives from Gene Inger….Security wise the giant U.S. Air Force’s supply and logistics’ exercise in the Middle East is an early ‘stronger’ initiative from Leon Pannetta (our new Defense Secretary). And, as to the demonstrations around the country, the key to prosperity: a) bring back American industry (‘buy Made in the U.S.A.’ does make […]
Austerity Myth…Oh Where, Oh Where Did It Go!
thestatedtruth.com | October 17, 2011
Ugh, what happened to the austerity cuts? Hmm… data released by the Treasury Department on Friday show that, so far, there haven’t been any spending cuts at all. In the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show. That’s an increase of […]
Robert Reich – The Reawakening Of America
thestatedtruth.com | October 16, 2011
Let’s look at the thoughts of Robert Reich’s mission and not worry about it being Democratic or Republican…because as he explains things, it makes a lot of sense…. as for us at TheStatedTruth.com, well remember we’re just the messenger! Robert Reich: “Look at the Progressive reforms between 1900 and 1916; the New Deal of the 1930s; the […]
The Ten Poorest Cities In America
thestatedtruth.com | October 16, 2011
City, State, % of People Below the Poverty Level 1. Detroit , MI 32.5% 2. Buffalo , NY 29.9% 3. Cincinnati , OH 27.8% 4. Cleveland , OH 27.0% 5. Miami , FL 26.9% 5. St. Louis , MO 26.8% 7. El Paso , TX 26.4% 8. Milwaukee , WI 26.2% 9. Philadelphia , PA […]
Walmart Vs. Everybody Else
thestatedtruth.com | October 16, 2011
Here’s why the grocery stores are ca put! They are uncompetitive on price…and guess what matters most in a recession? Wal-Mart now sells more food than Kroger (Ralph’s) and Safeway (Von’s) combined, and keep in mind they did this in only fifteen years. Wal-Mart now sells more food than any other store in the world.
Occupy Wall Street: What’s Really Going On?
thestatedtruth.com | October 16, 2011
This sums it up….and as most know, we ‘ve been warning of this for a while here at TheStatedTruth.com . It doesn’t take a rocket scientist to understand what’s going on. It’s elementary my Dear Watson! The main problems that have led to the protests are quite obvious: a pronounced inequality in the distribution of economic […]
The Highly Credentialed Jim Rickards Speaks Out…Maybe Da Boys Should Listen!
thestatedtruth.com | October 15, 2011
What we have here is a warning shot over the bow; to the government, the mega rich and the elite…are they listening or in denial? Hello, Hello? “So, you can laugh at or disparage the demonstrators all you want. You can call them spoiled, silly or sophomoric. You can single out the fringe and think it’s representative of the whole. But […]
Interesting Tidbits About The U.S. Dollar
thestatedtruth.com | October 13, 2011
The $2 bill first originated on June 25, 1776, when the Continental Congress authorized issuance of the $2 denominations in “bills of credit for the defense of America.” And guess what, the $2 dollar bill is still made (just ask your bank to order you some) and the reverse side has a history lesson showing the […]
Some Staggering Statistics You Should Know!
thestatedtruth.com | October 13, 2011
Food for deep thought…these are staggering! State and local government debt has reached an all-time high of 22 percent of U.S. GDP. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. According to a new study conducted by the BlackRock Investment Institute, the ratio of […]
So Which Is It? Hmm
thestatedtruth.com | October 13, 2011
“A conflict exists between competing certainties: Between followers of Faith, who know because they believe, and followers of Reason, who believe because they know”
How Poetic, Little Did Mark Twain Know How Timeless His Quote Would Be!
thestatedtruth.com | October 13, 2011
“Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself” ~ Mark Twain
Howard Buffett: On ‘Class Warfare’ …The Disparity Has Never, Repeat Never Been Greater Between Rich and Poor.
thestatedtruth.com | October 12, 2011
Warren Buffett’s son Howard speaks his mind…on class warfare, the disparity has never been greater. The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States. From Bloomberg: Howard Buffett, the […]
Shipping Volumes Are Plunging…Other Then 2009 This Is Unprecedented
thestatedtruth.com | October 12, 2011
Remember one thing…when people are broke, they have nothing to lose. The “system” as we have known it, is going down. There is a reason for the protests going on around the world. Politicians and corporate America, need to get real. We are in the early stages of a huge class war – the rich vs. […]
So, Things Can’t Get Any Worse, Huh…Think Again!
thestatedtruth.com | October 11, 2011
What’s coming at us over the next few years, will likely make 2008 look like a warm up! Nevertheless, … analysts are expecting another earnings season of double-digit growth (the eighth quarter in a row), yep…even though corporate earnings as a percentage of GDP are in the area of all time record levels seen only 4 other times in history, […]
CalPERS Paid Six-figure Bonuses Back In 2008-2009 As It’s Fund Lost Almost A Third Of Its Value In One Year. New Bonuses For 2011 Check In At $4.5 Million
thestatedtruth.com | October 9, 2011
What a joke….Read my lips…There should be no bonuses until the losses are all made up. Period. No exceptions. None. Capice! CalPERS, the California state pension fund, which serves more than 1.6 million public employees, retirees and their families, estimated its unfunded liabilities at $38.6 billion on July 1, 2008, it’s bigger now! CalPERS currently has […]
Drexia, Government Owned….And Saved
thestatedtruth.com | October 9, 2011
Dexia’s Belgian Bank To Be 100% Nationalized… They are talking Good Bank, Bad Bank….the good assets are put into a “good bank” that will operate going forward and is owned by the governments of France and Belgium, the bad bank assets (worthless?) will be in another bank to handle all of the troublesome crap…. “The governments of […]
You Won’t Believe This…It’s Top Secret
thestatedtruth.com | October 9, 2011
The Daily Reckoning……It’s Top Secret This from an episode of Frontline called “Top Secret America.”…..One example is the Office of the Director of National Intelligence. According to Dana Priest the DNI started as 11 people in the Old Executive Office Building. In short order, it grew to a couple of hundred people and moved to […]
Yes, We Get It…Really, We Do! It’s The Rich, The Piggie Banker’s, The Dumb Government Morons And A Greedy Wall Street That Don’t Understand Basic ABC’s
thestatedtruth.com | October 9, 2011
Here’s the real reason for the Wall Street protests….Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment. That sums it up! Robert Reich, President Clinton’s Secretary of Labor said recently – The top one half of […]
Next Week Could Be A Stinker For World Financial Markets….
thestatedtruth.com | October 7, 2011
Computer Virus Infects U.S. Predator Drone System
thestatedtruth.com | October 7, 2011
Our immediate question that comes to mind is: What happens when a computer virus attacks the new highly technological automobiles. Answer: There will be a few less cars on the highway, that’s because the average car is over 10 years old, and all things considered, there really aren’t that many of the new versions around…The new […]
What Is Interesting About This Chart?
thestatedtruth.com | October 7, 2011
The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor. www.zerohedge.com
Consumer Credit “Unexpectedly” Fell Hard In August
thestatedtruth.com | October 7, 2011
So, the consumer is still tapped out….duh. The government is the only one that doesn’t see this. The consumer credit number was dreadfully bad. It printed -$9.5bn against an expectation of +$8bn and vs prior year of $12bn. And…We just saw the first drop in non-revolving credit in a year. This is credit that goes […]
Playing With Dominoes In Europe
thestatedtruth.com | October 6, 2011
IMF Advisor Robert Shapiro comments on the European financial crisis: “In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks” Rest assured this is unlikely to happen, because it’s a game of dominoes. Once the first one goes down, they all go down! And da boys in Europe […]
Follow The Money – By Robert Reich
thestatedtruth.com | October 5, 2011
Follow the bouncing ball… Robert Reich takes to the dusty trail a whole lot better then Congress or the White House does. Will someone please take off those blinders! Today Ben Bernanke added his voice to those who are worried about Europe’s debt crisis. But why exactly should America be so concerned? Yes, we export to Europe – but those […]
Bernanke Warns Of Tough Times Ahead
thestatedtruth.com | October 4, 2011
The Fed has used most of its tools (already) to help the economy. It said it expects to keep interest rates ultra low into 2013, maybe longer. Congress is tying to cut, not raise, spending. Europe is resisting bold steps to save its most troubled economies. The bottom line is a recession is on the verge (probably happened already) of seizing […]
This Explains It
thestatedtruth.com | October 3, 2011
Hmm…Question: Why is Dexia in trouble? Dexia bank in Belgium has total liabilities equal to 180% of GDP of Belgium according to Harvey Organ.
Twelve Opinions From World Respected People About The Economic Crisis At Hand
thestatedtruth.com | October 3, 2011
We should say this is a horrific economic crisis that’s about to get (out of) hand…..Debt is a very cruel master. It will almost always bring more pain and suffering than you anticipated. It is easy to get into debt, but it is very difficult to get out of debt. In the end, we will see that the debt-fueled prosperity […]
Dexia On The Brink – Moody’s Puts Dexia On Downgrade Review Citing “Deteriorating Liquidity And Worsening Funding Conditions”
thestatedtruth.com | October 2, 2011
This is how depressions start, and don’t think for a moment that the United States doesn’t know it…..one mistake turns into many. Europe has many. It starts in Europe, then given time it moves around the world. Dexia, one of Belgiums largest banks is tying its best not to go night night (no problem, the Europeans will […]
Citi Follows Bank Of America In Instituting Debit Card Fee
thestatedtruth.com | October 1, 2011
It doesn’t sound like much to (all of a sudden) charge everyone $5 a month to use a bank debit card, but it’s the principle of the matter with the bankers becoming more hated by the day. To make things worse for this ill advised bankers decision, we have a tested model here…just look at Netflix, which instituted a […]
A Polaroid Moment May Be Close For Kodak
thestatedtruth.com | September 30, 2011
Back in 2001 Polaroid went night night (Bankrupt). The digital age has not been friendly to the old guard since. Next to potentially see it’s lights go out would appear to be Eastman Kodak….Of course Kodak says no way Jose, but give us a break, that’s what they all say just before the fat lady sings! Eastman Kodak […]
The Rich Now Rule, While The Poor Beg…Expect Riots And Major Economic Changes Over The Next Few Years
thestatedtruth.com | September 30, 2011
The top one half of 1 percent of the population now owns over 28 percent of the nation’s total wealth. Are they kidding? And the Republicans don’t want to raise taxes on the rich…..They should be ashamed of themselves, but they’re not. This from RobertReich.org The President’s modest proposals to raise taxes on the rich – […]
An Interesting Tid Bit…
thestatedtruth.com | September 29, 2011
Hmm…Did you know that U.S. military spending equals that of all other military spending combined in the world.
We Recently Saw A Realtor Sitting On A Curb Crying, Now We Know Why..Maybe The NAR Should Stop Trying To Call A Bottom In Real Estate Every Month!
thestatedtruth.com | September 29, 2011
Pending home sales fell 1.2 percent in August after dropping 1.3 percent the previous month, the National Association of Realtors said. Homeowner sentiment also dropped to the lowest ever, falling to minus 49.5 from minus 47.1. Earlier this week, the S&P/Case-Shiller index of property values in 20 cities fell 4.1 percent in July from the […]
Consumer Confidence Falls To Second Lowest Level Ever
thestatedtruth.com | September 29, 2011
Are we heading for a depression or do we just feel depressed…..Ugh, we’ll let you know in a few months! Consumer confidence slumped last week to the second-lowest level on record as Americans grew more concerned with their financial situation while the buying climate for most things worsened. The Bloomberg Consumer Comfort Index dropped to minus 53 in […]
Pig In A Poke
thestatedtruth.com | September 29, 2011
Soo…The next thing coming is to re-modify the re-modified loans….that should kick the can down the road for another year or so. That way the bankers can collect on this years bonus money. One in five homeowners whose mortgages were modified under a program aimed at reducing foreclosures defaulted again within a year after their […]
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