thestatedtruth.com | February 14, 2011
By George Friedman | February 14, 2011 On Feb. 11, Egyptian President Hosni Mubarak resigned. A military council was named to govern in his place. On Feb. 11-12, the crowds that had gathered in Tahrir Square celebrated Mubarak’s fall and the triumph of democracy in Egypt. On Feb. 13, the military council abolished the constitution […]
thestatedtruth.com | February 14, 2011
Will the growing vacuum in power be filled by the Brotherhood? That’s the big risk here! Algeria shuts down internet and Facebook as protest mounts……. Internet providers were shut down and Facebook accounts deleted across Algeria on Saturday as thousands of pro-democracy demonstrators were arrested in violent street demonstrations. By Nabila Ramdani Plastic bullets and […]
thestatedtruth.com | February 14, 2011
Good read here, it’s a tough and dangrous new world in the Mideast….. February 14, 2011 Peter Alois is a director of the Global Interdependence Center and one of my colleagues there. He is retired from the Commercial Service of the U.S. Department of Commerce, where he had many years of experience posted in the Middle East. […]
thestatedtruth.com | February 13, 2011
Anyone that thinks the problems are over in the Mideast had better rethink things. Egypt is but one match in a box full of match sticks. Cairo, Egypt (CNN)— Egypt’s military dissolved the country’s Parliament and suspended its constitution Sunday following the ouster of longtime leader Hosni Mubarak, telling Egyptians it would be in charge […]
thestatedtruth.com | February 12, 2011
Gallup result is based on a 30-day rolling average; unlike the U.S. governments seasonal adjustment……  Gallup’s U.S. employment measures report the percentage of U.S. adults in the workforce, ages 18 and older, who are underemployed and unemployed, without seasonal adjustment. “Underemployed” respondents are employed part time, but want to work full time, or they are unemployed. […]
thestatedtruth.com | February 11, 2011
Look at the chart below, who is that at the far end with the smallest food component percentage in the overall CPI….Yep, good old Uncle Sam. Here we go again, looks like the same dumb bozos that put together our budget deficits, must have designed the current CPI formula! Math 101 should be a requirement for […]
thestatedtruth.com | February 11, 2011
This had better be good, being that the baby boomers will be sellers and the youngsters are broke! The Obama administration unveiled a proposal Friday for winding down mortgage giants Fannie Mae and Freddie Mac, spelling out three options for what could take their place and setting the stage for a debate over the nation’s […]
thestatedtruth.com | February 11, 2011
Al Arabiya reported that the Swiss foreign ministry has announced that all of Mubarak’s assets have been frozen by Switzerland. From Reuters: Switzerland has frozen assets possibly belonging to Hosni Mubarak, who stepped down as president of Egypt on Friday after 30 years of rule, a spokesman for the foreign ministry said. “I can confirm […]
thestatedtruth.com | February 11, 2011
 February 11, 2011 Egyptian Vice President Omar Suleiman delivered the following statement Feb. 11: “In the name of God the merciful, the compassionate, citizens, during these very difficult circumstances Egypt is going through, President Hosni Mubarak has decided to step down from the office of president of the republic and has charged the high […]
thestatedtruth.com | February 10, 2011
Real Estate mortgage rates heading the wrong way……. U.S. 30-year mortgage rates have jumped above 5% for the first time since last spring, in a rapid rise that could present a challenge to the still-troubled housing market. The average rate on 30-year fixed-rate mortgages climbed to 5.05% in the week ended Thursday, according to a […]
thestatedtruth.com | February 10, 2011
From Art Cashin on the floor of The New York Stock Exchange Deserving A Second Look – On Tuesday, Richard Fisher, President of the Dallas Fed spoke. The speech drew headlines on Mr. Fisher’s contention that he would be hard pressed not to dissent on any extension or expansion of QE2. It was suggested that […]
thestatedtruth.com | February 10, 2011
February 10, 2011 The decision by Egyptian President Hosni Mubarak not to resign seems to have shocked both the Egyptian military and Washington. CIA Director Leon Panetta spoke earlier as if his resignation was assured and a resolution to the crisis was guaranteed. Sources in Cairo spoke the same way. How the deal came apart, […]
thestatedtruth.com | February 10, 2011
Here is a chart of the total number of employed Americans over the past ten years. Hmm, we heard there was a recovery going on….must have some wax in the ears, come again on that? Read more: http://www.businessinsider.com/when-recoverys-just-a-word-2011-2#ixzz1DbQLn3y6
thestatedtruth.com | February 10, 2011
BARTLESVILLE, Okla. – A record amount of snow has fallen across Oklahoma while temperatures across the state Thursday morning were lower than North Pole, which was a balmy 16 degrees. In Bartlesville, the National Weather Service recorded the temperature reaching -28 degrees below 0, setting an all-time city record. The Oklahoma Mesonet released a statement […]
thestatedtruth.com | February 9, 2011
A tanker with $200 million in oil is hijacked off Oman as Piracy spins out of control on the Indian Ocean’ shipping lanes….The hijacking came a day after an Italian tanker carrying oil worth more than $60 million was snatched by Somali pirates. LONDON/ATHENS — Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of […]
thestatedtruth.com | February 9, 2011
This title wave will hit just as the federal stimulus money runs out! Question: So, where is the money going to come from to support all of the broke states? Answer: It’s going to come from you and me, one way or another! New Jersey rating cut while Arizona outlook negative….. SAN FRANCISCO (Reuters) – […]
thestatedtruth.com | February 9, 2011
According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION. Yep, that’s T as in Trillions! Five banks account for 95% of this. Can you guess […]
thestatedtruth.com | February 9, 2011
Amazing! http://www.talkingscience.org/2011/01/the-dance-of-the-strandbeests/
thestatedtruth.com | February 8, 2011
thestatedtruth.com | February 8, 2011
The following is part of an interview of Pimco’s El-Erain by Germany’s SPIEGEL . Here are a few of his key points…… In 2006 we undertook a very comprehensive U.S. housing study and we said this housing market is very unstable and investors should reduce their exposure and manage risk better. Nothing happened in 2006, and nothing happened […]
thestatedtruth.com | February 8, 2011
The Suez Canal is a global chokepoint and passage for goods in todays world.  What that means is….. news of Suez Canal workers going on strike won’t help the situation in Egypt or the World for that matter!. Nomura has a great map showing just exactly what that means. This map shows it’s  the dominant route for goods from Asia […]
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
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, […]
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 […]
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
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 […]
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 […]
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 […]
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%.
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!
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 […]
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 […]
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 […]
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 […]
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
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 […]
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/
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
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 […]
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