Area Map Of Japanese Quake
thestatedtruth.com | March 11, 2011
Lots Going On Here….Radiation 1,000 Times Normal At Japanese Nuclear Plant
thestatedtruth.com | March 11, 2011
Details are sketchy….but TOKYO, March 12, Kyodo The amount of radiation reached around 1,000 times the normal level Saturday in the control room of the No. 1 reactor of the Fukushima No. 1 nuclear power plant, the Nuclear and Industrial Safety Agency said. The discovery suggests radioactive steam could spread around the facility operated by […]
Question: How Important Is A Rising Population For Economic Growth
thestatedtruth.com | March 10, 2011
Answer: Countries don’t grow without immigration and rising populations….and Germany is going the wrong way. They’re not alone on this. BERLIN  Germany, already grappling with one of Europe’s fastest aging and shrinking populations, faces a growing shortage of skilled labor for another, more immediate reason: stepped-up recruiting from abroad for the country’s top engineering and scientific […]
Friday’s Events In The Middle East Will Be Front And Center
thestatedtruth.com | March 10, 2011
 Red Alert: Saudi Police Fire On Protesters In Oil Hub March 10, 2011 Saudi police have reportedly opened gunfire on and launched stun grenades at several hundred protesters March 10 rallying in the heavily Shiite-populated city of Qatif in Saudi Arabia’s oil-rich Eastern Province. The decision to employ violence in this latest crackdown comes […]
B Of A Says Almost Half Of Its Mortgages Are To Be Segregated “Bad”
thestatedtruth.com | March 10, 2011
Interesting….. Bank of America Says Nearly Half Its Mortgages Are ‘Bad’ Washington Business Journal Bank of America Corp. is segregating almost half its 13.9 million mortgages into a “bad†bank comprised of its riskiest and worst-performing “legacy†loans, Bloomberg News reported, citing Terry Laughlin, who is running the new unit. “We are creating a classic […]
Cumberland Continues To Say “This Is Nowhere Near Over” On Middle East Problems
thestatedtruth.com | March 10, 2011
Cumberland Advisors Day of Rage March 10, 2011 Modern technology. Read email of Saudi events on WiFi at 38,000 feet. This will be brief. The day of rage came early. All outcomes are speculative. Contagion has reached Saudi Arabia. Recent history shows Al-Qaida actively targeted Saudi Arabia several times. Until now, no success. Events in […]
82% Of U.S. Schools May Be Labeled ‘Failing’
thestatedtruth.com | March 9, 2011
Somebody should think about these programs before implementing them. Government morons get an F as in failing for setting it up this way! “No Child Left Behind is broken and we need to fix it now,” Education Secretary Duncan said in a statement. “This law has created a thousand ways for schools to fail and very […]
Kansas: Big Changes Ahead For Kansas Public Employees Retirement System
thestatedtruth.com | March 9, 2011
This is moving East to West, California’s day not to far away! TOPEKA, Kan. – A Kansas House committee endorsed a bill Wednesday that would cut future retirement benefits for current teachers and government workers to help solve the long-term funding woes of their pension system. The measure that cleared the Pensions and Benefits Committee […]
Bulk Of Libyan Oil Infrastructure Now In Rebel Hands…Libyan Oil Trade Threatens European Economies
thestatedtruth.com | March 8, 2011
Reuters reports that European oil imports are about to get tough, making life for Italy, which is most reliant on Libyan oil, quite complicated: Libyan oil trade has been paralysed as banks decline to clear payments in dollars due to U.S. sanctions, trading sources told Reuters on Tuesday. The move follows a decision by major […]
Oh Please….Lets Get Serious, $4 Billion In Spending Cuts That Congress Just Approved To Avoid A Government Shutdown Amounts To About Ten Hours Of Government Spending And Less Than A Day Of Treasury Borrowing.
thestatedtruth.com | March 8, 2011
Rick’s Picks “Phenomenally accurate forecasts†Senate minority leader Mitch McConnell said on Face the Nation yesterday that President Obama wasn’t serious about the budget. Lest anyone mistake this for partisan sniping, here’s an interesting factoid that drives the charge home: the $4 billion in spending cuts that Congress just approved to avoid a government shutdown […]
Social Welfare Benefits Make Up 35 Percent Of Wages And Salaries This Year
thestatedtruth.com | March 8, 2011
Yikes! Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement. Even as the economy has recovered, social welfare benefits make up 35 percent […]
European Gasoline Hits All Time Record Of $8.632 Per Gallon
thestatedtruth.com | March 8, 2011
This makes it hard to see economic growth….especially in Europe! In Europe, gasoline has just hit an all time record of $8.632 per gallon! As HLN.be reports: Petrol 95 at €1.624 per litre. This breaks the 2008 record of €1.61 per liter.” Translated into American this means that a gallon of gas in Europe is […]
U.S. Sets New Deficit Record For February Of $223 Billion…Yep, We’re Going The Wrong Way Folks!
thestatedtruth.com | March 7, 2011
What’s the old saying….records are made to be broken. The bottom line is we have a bunch of government morons here! They still don’t know basic math. March 18’th is the deadline for current stop gap funding. Without a new spending agreement by then, the government will shut down (?). The federal government posted its largest […]
Charles Biderman On Why The Markets Are Rigged!
thestatedtruth.com | March 7, 2011
Bill Gross of PIMCO has been saying similar things and thinks once QE2 ends things could get very negative for the free market system, the dollar and interest rates. Charles Biderman: What nobody’s asking is what happens when QE 2 stops: If the only buyer is the Fed, and the Fed stops buying, I don’t know what is going to […]
Wikileaks Concerns – Saudi Oil Production and Reserves
thestatedtruth.com | March 7, 2011
World changing events are taking place in the oil rich Middle East. Saudi Arabia drafts another 10,000 troops ahead of protests, and drafting up to 10,000 security forces to the north eastern Muslim Shia provinces ahead of mass protests planned next week. Peak oil has passed. The economic dominance of the West is now history. Those […]
Here In Lies The Problem….Anyone Care To Guess Where The Wars Will Be Fought Over This?
thestatedtruth.com | March 6, 2011
It’s Not Over By A Long Shot…..The Contagion In The Middle East And North Africa (MENA) Continues To Grow
thestatedtruth.com | March 5, 2011
Cumberland Advisors David Kotok always does a good job on the important issues…..it’s a good read! $115 Oil, Contagion and Central Banks March 5, 2011 “… there’s so much unrest that one can actually sense or imagine unknown nano-particles of rage colliding in mid-air…â€Â (Source: a private person who screens Middle East media for me […]
The ABC’s About 4 G Cell Networks
thestatedtruth.com | March 5, 2011
New faster data networks are being rolled out by the major U.S. wireless carriers, but does anybody really understand what’s happening to rapidly advancing cell technology? This may help! Sprint Nextel Corp. has “the Now Network.†T-Mobile claims “the nation’s largest.†Verizon Wireless is “Lightning Fast, Lightning Strong.†Everyone is pushing new phones, tablets and other […]
Wisconsin Front Row, Center Court…Governor Walker Says We’re Broke!
thestatedtruth.com | March 4, 2011
Wisconsin Governor Walker……We’re Broke! So what does that make California and Illinois to name a few others. Yep. they’re even more broke. Wisconsin governor Walker announced he would fire 1500 state workers unless democrats, who have been fled and are hiding in Illinois to avoid a critical vote on collective bargaining, return to the state. […]
U.S. Labor Department Said Unemployment Fell Below 9%…Liar, Liar, Pants On Fire
thestatedtruth.com | March 4, 2011
The U.S. Labor Department said Friday….Nonfarm payrolls rose by 192,000 last month and unemployment fell below 9% for the first time in nearly two years….8.9% employment;  Gallup had a different take on this, we review it below. Adjustments to population has helped  keep number in order.  Labor force participation rate has not been moved. Job gains […]
A Review Of The U.S. Air Force’s Secretive X-37B Orbital Test Vehicle Space Plane
thestatedtruth.com | March 3, 2011
Wow, this sure looks spacey…come to think of it, that makes total sense! Unlike NASA’s space shuttles, the X-37B space plane does everything autonomously. It also has a solar array that is deployed from its payload bay to generate power during its months-long stay in orbit. The first X-37B spacecraft launched in April 2010 and […]
Gallup Finds U.S. Unemployment Hitting 10.3% In February, Different From U.S. Government Survey
thestatedtruth.com | March 3, 2011
We would side with the Gallop Poll over the U.S. government data.   Aside from that, Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate should be in the low seven percent range by late 2012. If that is going to be the case, the job creation environment must change dramatically from what it is […]
Food Stamp Usage Shows Another All Time Record
thestatedtruth.com | March 3, 2011
The economy may be getting better for the time being, but not for those at the bottom! Food stamp usage just hit 44.1 million people in December and averaged $134 a month per person.
World Food Prices Increase To A Record
thestatedtruth.com | March 3, 2011
Guess Ben Bernanke has been looking at the wrong picture with his “inflation isn’t a problem” rant! The picture above looks pretty darn clear to us. Global food prices rose to a record in February and grain costs may continue to rise in the next several months, with only rice keeping the world from a repeat […]
Housing Market 101
thestatedtruth.com | March 2, 2011
Ok class, let’s review the current housing market. So where do we start…how about with inventory! Inventory continues to swell. “There’s just way too many homes out there relative to demand and we’re not going to see that change anytime soon,” says Joshua Shapiro, chief US economist for MFR Inc. Lenders continue to repossess massive numbers of […]
Fed Beige Book Shows Modest Growth
thestatedtruth.com | March 2, 2011
The U.S. economy grew moderately in early 2011 and the weak jobs market improved, while businesses reported rising costs, the Fed said. Here are some key highlights: Non-wage input costs increased for manufacturers and retailers in most Districts. Retailers in some Districts mentioned they had implemented price increases or were anticipating such action in the next […]
Stratfor: Never Fight A Land War In Asia
thestatedtruth.com | March 1, 2011
 Never Fight A Land War In Asia By George Friedman | March 1, 2011 U.S. Secretary of Defense Robert Gates, speaking at West Point, said last week that “Any future defense secretary who advises the president to again send a big American land army into Asia or into the Middle East or Africa should have […]
Defined Contribution 401K Plans For States May Not Be The Answer For Workers
thestatedtruth.com | March 1, 2011
Well, this is a deep subject, no pun intended, suffice to say 401K’s are not the only way states can help their pension funds. They can manage them more wisely and put less faith into Wall Street. The financial collapse, poor management and the housing bubble are amoung the reasons these plans are in crisis. Here are some definitions: A defined benefit […]
Gallup Sees Consumer Confidence Headed Down
thestatedtruth.com | March 1, 2011
Gallop breaks things down into different categories much better then other polls do! According to the Gallup Poll, “Americans have become much less confident in the U.S. economy over the past two weeks, with Gallup’s Economic Confidence Index falling from -18 to -30 during that span. The -18 Index score from two weeks ago was the […]
4.7 Earthquake Hits Arkansas
thestatedtruth.com | February 28, 2011
Half Past Human in “The Shape Of Things To Come 2011/2012″ predicted earthquakes along with repeated references of floods and serious crop shortages in the U.S. this year……they use an artificial intelligence Asymetric Language Trend Analysis computer program that has been successful about 50% of the time! They see tension building until the equinox on March 21’st, then there is somewhat of a release […]
Government Wastes Billions Of Dollars With Duplicative Programs
thestatedtruth.com | February 28, 2011
Yep…we’re not surprised! From The Wall Street Journal: A government study found duplicative programs that cost taxpayers billions of dollars each year, including 15 different agencies overseeing food-safety laws, 20 programs to help the homeless and 80 for economic development.
Impossible Assumed Rates Of Return…The Pension Fund Debacle In A Nutshell
thestatedtruth.com | February 27, 2011
Ridiculous 7.5%-9.0% assumed rates of return are not “little white lies” — they are Everest-sized whoppers. They are far from reality and nearly impossible to ever realistically have happen over the medium term and even more impossible over the long term in mature economies. If the three big California Public Retirement Funds used a realistic 4.5%-5% rate of return instead of the make […]
Popularity Of Congress Is All Time Low Of 11%
thestatedtruth.com | February 27, 2011
Anybody surprised? Nope, didn’t think so……Why do so few Americans believe in our government today? That’s simple….it’s because Congress is self serving, and favors the giant corporations and the ultra-wealthy, not Main Street and the common American. Influential Harvard and Stanford law professor Lawrence Lessig noted in a must-watch speech last week that polls show that only […]
Marc Faber Interviewed By The McAlvany Financial Group
thestatedtruth.com | February 27, 2011
Everything the government is doing involves a rig job of one kind or another and it’s unmatched in history. Real estate and equity markets are not standing on there own, they are all being supported by the government either directly or indirectly…..and there in lies the problem. Here are some key extracts from the Marc Faber interview by The […]
OECD (Organization for Economic Cooperation and Development) Says Real Worldwide Demand Driving Commodity Prices
thestatedtruth.com | February 27, 2011
From The Wall Street Journal….this is why commodity prices continue to go higher! WASHINGTON—A report being prepared for the world’s Group of 20 leading economies indicates the main factor behind rising prices for wheat, sugar, cotton, metals, oil and other commodities isn’t speculators, as some have suggested, but that the global demand to consume these goods […]
Financial Weapons Of Mass Destruction
thestatedtruth.com | February 26, 2011
Understanding Derivatives – Class Name and Description: Greedy Financial Morons 101, How To Destroy The Financial World…… Heidi is the proprietor of a BBQ Bar in Mt. Airy Maryland . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, […]
A $228 Million Dollar Mistake, Yes, You Heard That Right…$228 Million Dollar Mistake Made For The Orange County, California Pension System, And It Wasn’t Found For 8 Years
thestatedtruth.com | February 26, 2011
So…Inquiring minds want to know what other computer systems are using this same software and why it takes 8 years to figure this out. We think there’s more to this story! SANTA ANA, Calif. (KABC) — A $228 million mistake has landed two employees for Orange County’s pension system on paid leave. It’s all linked to a […]
Providence School Board Votes To Fire All Teachers, Has A $40 Million Dollar Deficit
thestatedtruth.com | February 25, 2011
The Providence School Department (District) has a $40-million deficit. So the big question is: Why was this deficit allowed to get so large in the first place. Inquiring minds want to know! Yes we know, nobody learned math 101… so now we have 1,000’s of math morons running public departments supported by the government with large budget deficits around the […]
Surging Gasoline Prices And How It Will Effect You
thestatedtruth.com | February 25, 2011
A quick look at this chart tells it all! Yes, gasoline prices do effect the economy. Courtesy of John Lohman
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