thestatedtruth.com | June 27, 2011
If not for the massive government gift giving (stimulus), we would be in a depression. Report: Government to pass private sector as primary lender in U.S. According to Investor’s Business Daily, citing Federal Reserve data, the U.S. government, perhaps “as early as this quarter” is likely to “displace the private sector as the biggest source […]
thestatedtruth.com | June 27, 2011
Remember the old saying, you’re only as strong as the weakest link….or links which is the case more often now days. Looks like the dominoes in Ireland are falling. They’re not alone. “Ireland is screwed,” said a local expert. “Our property developers are broke. And they owe a lot of money to the banks. So they’re broke too. […]
thestatedtruth.com | June 27, 2011
There she blows, it was just a matter of time…..are there now any doubts that Frank McCourt has a nose as long as Pinocchio’s. Worth as much as 1 Billion dollars……dream on, first of all Frank McCourt was the only bidder when he bought the Dodgers back in 2004 according to the commissioner…..and he paid $430 million […]
thestatedtruth.com | June 27, 2011
Greece is a goner….it sounds like a run on the Greek banks are just around the corner….the ECU needs to move on to bigger fish, like Spain. Today, as part of its Weekly Credit Outlook, Moody’s issued for the first time a very stark warning that should the rate of attrition in domestic deposits (and to […]
thestatedtruth.com | June 27, 2011
What George Soros really means is that they’re about to kick the can down the road again and save the big banks of the world, again….at least until bonus time! George Soros, Chairman of Soros Fund Management and famous for breaking the Bank of England in 1992, has warned that “we are on the verge of […]
thestatedtruth.com | June 26, 2011
From The Wall Street Journal….. Today, U.S. consumers have more mortgage and credit-card debt than they did five years ago. Given the difficulties of paying down debt, “you have to get comfortable with the idea that it’s going to take a long time for the markets to adjust and for the economy to get back on […]
thestatedtruth.com | June 26, 2011
Drinking water at certain times of the day are thought to maximize its effectiveness on the body, we will review some of these many reasons below…… 2 glasses of water after waking up – could help activate internal organs 1 glass of water 30 minutes before a meal – could help digestion 1 glass of water before taking a bath – […]
thestatedtruth.com | June 24, 2011
From Eric Janszen of I-Tulip fame…..Eric thinks this is how things are shaping up. So, we can expect to see the years 2013-2014 look pretty darn negative! Then we’ll have to see. Can we escape the moderate but persistent output gap trap we are in today? Remember, we need at least three years of 4% plus GDP growth […]
thestatedtruth.com | June 23, 2011
This is a lead bowling ball going down hill….the first pin to be hit is New Jersey! And even more interesting, Democrats control both houses of the Legislature…. and union membership is among the highest in the country. Go figure! From The New York Times…… TRENTON — New Jersey lawmakers on Thursday approved a broad rollback […]
thestatedtruth.com | June 22, 2011
Considering that we’re in the summer buying season, this is bad news….. Purchases of existing homes fell 3.8% in May from the prior month to an annual rate of 4.81 million homes. At that pace, sales this year would drop below last year’s 13-year low of 4.91 million. At the same time, the price of […]
thestatedtruth.com | June 19, 2011
From Washington’s Blog………….. WOWT Reports: [Fort Calhoun Nuclear Power Plant’s chief nuclear officer, Dave Bannister] said for the plant to get to a disaster level, floodwater would have to rise three and a half feet above where it stands now. The Kansas City Star Notes: The endless complexities have made prediction a tough task, said […]
thestatedtruth.com | June 18, 2011
Retirements are changing more then anyone thought possible. From… The Wall Street Journal Several factors are driving the trend toward older people earning and working less, from the sour economy to downsizing and the fact that employers have been moved to more “performance-based” pay, which often translates into smaller pay increases, as well as pay […]
thestatedtruth.com | June 18, 2011
So, what does the federal government say about all of this?…….Uh, we never promised anyone a Rose Garden! Bloomberg: Little Rock, Arkansas, has stopped replacing aging police cars. Mesa, Arizona, is losing $5 million a year from thousands of vacant homes that aren’t paying utility bills. Providence, Rhode Island, closed schools, fired teachers and may cut […]
thestatedtruth.com | June 18, 2011
There is good news here, and not so good news……..in a nutshell, the economy is flat and not growing but not collapsing either. That sort of sums it up, the good and the bad! By Lee Adler Month to date Federal withholding taxes as of June 15 were down 5.5% from last year, negating the monthly […]
thestatedtruth.com | June 15, 2011
The gap between spending and revenues has never been larger! The American consumer is tapped. Just look at the outstanding debt count: -over $10 trillion in mortgage debt -$1 trillion in student loan debt -over $750 billion in credit card debt We also have billions more in automotive debt. This is simply unsustainable and we […]
thestatedtruth.com | June 15, 2011
It’s a sign of the times and also why generations of workers are screwed for as far as the eye can see….main street Jack and Jill see little if any government stimulus drift down to him or her. It’s the sad but real truth. The better question though is ….How do we fix this? The common answer from the […]
thestatedtruth.com | June 14, 2011
China and Russia are moving up on the Gold holdings chart… but the IMF is selling everything that’s not nailed down. Otherwise it all stays pretty much the same. The Gold production rankings are as follows and listed in order of production……China, Australia, South Africa,USA, Russia and Peru.Â
thestatedtruth.com | June 13, 2011
The price of everything is going up….only a dumb bell doesn’t believe we have inflation! And the biggest dumb bell of them all….uh, who is that over there in line, Uncle Sammy….is that you? As the summer tourist season begins, the Walt Disney Co. announced an increase in ticket prices at Walt Disney World Resort in Orlando […]
thestatedtruth.com | June 13, 2011
Greece goes down, just a matter of when! The Greece bonds are now considered junk by rating standards. The big question is does Greece take down the whole Euro complex? Greece was branded with the world’s lowest credit rating by Standard & Poor’s, which said the nation is “increasingly likely†to face a debt restructuring and the […]
thestatedtruth.com | June 13, 2011
We’ve just had 100 year floods, now it looks like we have the 100 year drought………About 94 percent of Texas was in a state of severe, extreme or exceptional drought as of June 7, according to the U.S. Drought Monitor compiled by the U.S. Agriculture Department and the National Drought Mitigation Center. The October-through-May period was […]
thestatedtruth.com | June 11, 2011
Fat chance of this debt ever getting cut in a timely manor other then by default! Debt is the reason that the world goes into another recession or controlled depression at some point! Just a matter of time. $26,172 isn’t some magic number, it’s the amount of debt the average U.S. household would need to cut to […]
thestatedtruth.com | June 9, 2011
About a year ago Zero Hedge posted an article…..”Record Number Of Americans Using Retirement Funds As Source Of Immediate Cash” after a report by Fidelity uncovered that “plan participants with loans outstanding against their 401(k) accounts had reached 22 percent versus 20 percent a year earlier.” Well guess what? The new number is now 30% […]
thestatedtruth.com | June 9, 2011
Household wealth in the U.S. climbed by $943 billion in the first quarter of 2011 according to the Federal Reserve’s flow of funds report out of Washington,  as rising stock market share prices outstripped declines in home values. From the peak in June 2007 to the low in 2009 the losses from all asset groups combined were -24.9% of assets. As of […]
thestatedtruth.com | June 8, 2011
Bill Gross has been on a roll talking about this……….Governments such as the U.S. are intentionally keeping interest rates artificially low to help reduce record debt levels, setting up investors up for a “pocket picking.†The U.S. has done little to reduce the size of the excess liabilities accumulated, Pimco wrote in what it called […]
thestatedtruth.com | June 7, 2011
You won’t hear this from the government…..the gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product. From USA Today: The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY […]
thestatedtruth.com | June 6, 2011
Is an education really worth the cost? In many cases the answer is YES, but in many other cases the answer is NO, and especially involving  “for profit trade schools”! The cost of education is becoming onerous and student loans are littered with financial landmines. Many are given to students to attend for-profit schools that will yield very […]
thestatedtruth.com | June 5, 2011
What are the two things about getting older that stand out on the chart below…….Yep, health care costs and health insurance lead the way in cost inflation for retirement age people. The  comparison is to when they were ten years younger…..gasoline is in third place and drugs are fourth. Nothing else is even close in terms of cost […]
thestatedtruth.com | June 4, 2011
This is the global wealth pyramid……in U.S. dollars. Basically only 8% of the WORLD population has $100,000 dollars or more of net worth! Put another way, 92% of the world population has less then $100,000 in total wealth.Â
thestatedtruth.com | June 3, 2011
Hmm….So whom might we ask, bought all this crap? How about the U.S. Federal Reserve…it’s as good a guess as any! And most people probably didn’t think (the) markets were rigged….shame on them! China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to […]
thestatedtruth.com | June 3, 2011
According to Zero Hedge, take away the Birth/Death adjustment of 206,000 in the chart below and the real number is: -150,000. This is a big  monthly B/D adjustment.  If the McDonalds addition of 62,000 part-time jobs be added to the May number, the economy really lost over 200,000 jobs in May. More government hocus pocus!   PS….the reason for the big […]
thestatedtruth.com | June 3, 2011
So this is what the government proudly calls a recovery…..after spending trillions of borrowed dollars! New all time records for the charts below. www.zerohedge.com
thestatedtruth.com | June 2, 2011
We need to keep a watch on this…..as the waters of the Mississippi head downstream, they leave behind flooded towns and ruined lives, but even worse they carry a nasty combination of farm chemicals and waste that is expected to result in the largest dead zone ever in the Gulf of Mexico. Dead zones are areas of the ocean where […]
thestatedtruth.com | June 2, 2011
This is called “the new normal”…..and it will change everything in our lives!  A typical recovery pattern goes like this: the stock market bottoms, economic growth bottoms and then hiring and wage increases return. What’s unique and likely a leading indicator about this recovery is that the last piece of the recovery is not there.  Squeezed on both sides by […]
thestatedtruth.com | June 2, 2011
Heads up comments from the one and only….Art Cashin on the floor of The New York Stock Exchange. China Drought Worsens, Possibly Putting Pinch On Profits, Populace And Maybe The Government – As we noted last week, new pressures appear to be accelerating in China. Not the least of these is the worsening of the […]
thestatedtruth.com | June 2, 2011
This new super bug (we’re not talking Volkswagon) is a doozer. The good news is….the incubation period for this type of E. coli is about three to eight days. It has become the deadliest outbreak of the bacteria on record and is causing kidney failure in unprecedented numbers according to U.S. health officials. At least 16 […]
thestatedtruth.com | June 1, 2011
Chris is one of the top real estate and banking minds for institutional money. Chris Whalen of Institutional Risk Analytics: “If we do not see a meaningful recovery in home prices by the end of the year, we may need to contemplate impairment charges on first liens owned by banks and wholesale write-downs of second […]
thestatedtruth.com | May 31, 2011
Read this story with a strong sense of doubt. Question each motive and the why and by whom. Then remember what you read just in case it turns out to be right! There are stories out and about, and some even seem believable as they challenge the logic that there isn’t much gold in Fort Knox. To the practical effects on the global economy, should […]
thestatedtruth.com | May 31, 2011
The answer is NO….In a symbolic vote, House GOP leaders voted against a debt ceiling increase of $2.4 trillion to a new ceiling of $16.7 trillion….the final roll call: Nay (Republicans 236, Democrats 82), total: 318 Yea (Republicans 0, Democrats 97), total: 97 Not Voting (Republicans 3; Democrats 6); 9  www.zerohedge.com
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