The Free Lunch……Home Default Time It Takes To Evict
thestatedtruth.com | June 29, 2010
“For the Baby Busters, It’s Downsize or Die”
thestatedtruth.com | June 29, 2010
By: Richard Benson, SFGroup Living realistically is not something anyone wants to do in an election year, and it may be especially difficult for the Baby Boomer generation to grasp, along with their children. Over the last two decades as wages swelled, and job prospects were unlimited, the Baby Boomers became accustomed to living well […]
RBS Tells Clients To Prepare For ‘Monster’ Money-Printing By The Federal Reserve
thestatedtruth.com | June 28, 2010
This spells big big trouble for the world, it effects everyone every where……………..The ECRI leading indicator produced by the Economic Cycle Research Institute plummeted yet again last week to -6.9, pointing to contraction in the US by the end of the year. It is dropping faster that at any time in the post-War era.  Andrew […]
An Update On Middle East Military Movements…..Gene Inger’s Daily Briefing For Tuesday June 29, 2010
thestatedtruth.com | June 28, 2010
       Gene Inger’s Daily Briefing . . . for Tuesday June 29, 2010  At presstime:     We just learned that the USS Nassau (I have personally been on that ship just as a curiosity to note, with an officer friend of mine who flew a helicopter off LHA-4 at the time) Amphibious Assault Ship carrying 4000 Marines has […]
A Closer Look At The Second Leg Down In Housing
thestatedtruth.com | June 28, 2010
By Barry Ritholtz By using traditional metrics: Whether we are looking at U.S. housing stock as a percentage of GDP or Median income versus home prices or even ownership versus renting costs, prices remain elevated. Indeed, we see prices remain above historic means. Consider price relative to income. From 1977 to 2010, the median U.S. […]
34 States Saw Tax Collections Decline In The First Quarter Of 2010 And That’s After A Record Amount Of Government Stimulous! 46 States Face Budget Shortfalls!
thestatedtruth.com | June 27, 2010
34 states saw tax collections decline in the first quarter of 2010. State budget deficits projected well into 2010 – Plunging tax revenues reflect a weaker economy dragged down by pervasive unemployment and underemployment. $112 billion in state budget gaps for fiscal 2011. Posted: Sun, 27 Jun 2010 Big states with dismal budget short falls […]
As Many As 1.3 Million Americans Are About To Lose Their Jobless Benefits This Week, The Unemployment Rate Will Likely Surge To 10.5%
thestatedtruth.com | June 27, 2010
A critical bill to extend unemployment benefits that was unable to pass congress last week will likely have lingering effects going forward. This will be a big hit to Americans spending as 1.3 million unemployed Americans will have lost their assistance by the end of this week. Beginning in July, there will be $2.4 billion less […]
USS Carrier Harry Truman Now Officially Just Off Iran, As Israel Allegedly Plotting An Imminent Tehran Raid
thestatedtruth.com | June 27, 2010
The Pentagon has now confirmed that a fleet of 12 warships has passed the Suez Canal, and is now likely awaiting orders to support the escalation in the Persian Gulf.   We can’t be sure if the following is all true, so we would caution readers to view this news cautiously. We should point out that according to […]
Caribbean Storm Strengthens, May Miss Oil Spill
thestatedtruth.com | June 26, 2010
This may be the first sign of good luck in a while for the massive oil problem in the Gulf of Mexico! By Dan Hart and Brian K. Sullivan          Jun 26, 2010 Tropical Storm Alex bore down on the coast of Belize and the Yucatan Peninsula today, and may spare BP Plc‘s efforts to contain […]
States Of Crisis For 46 Governments Facing Greek-Style Deficits
thestatedtruth.com | June 26, 2010
By Edward Robinson     June 25,2010 Californians don’t see much evidence that the worst economic contraction since the Great Depression is coming to an end. Unemployment was 12.4 percent in May, 2.7 percentage points higher than the national rate. Lawmakers gridlocked over how to close a $19 billion budget gap are weighing the termination of the […]
New Song In Congress
thestatedtruth.com | June 25, 2010
The New Song In Congress, Bye Bye Bonus For Wall Street And Banks!
Gene Inger’s Comments On The Gulf Oil Well
thestatedtruth.com | June 24, 2010
Gene Inger……of the ingerletter.com Remember my comment about BP wanting to drill in 500 ft. not 5000 feet Gulf depth? Turns out that everyone (even the Pentagon and Secretary of Energy and the Pres. as well) signed-off on deep drilling. Their logic was self-sufficiency in-event war came with Iran and we needed nearly 8-10 months […]
‘The Whole Casing System Is Deteriorating’…..Shell Oil Ex-CEO
thestatedtruth.com | June 24, 2010
 Sounds like the same thing Matt Simmons said a week ago!   Quotes – Former Shell CEO John Hoffmesiter  June 23, 2010… If you really want to stop a blowout the fastest way the most efficient way is you blow it in, you use explosives.  1:00 Hoffmesiter: Now the problem with that, that is […]
Gulf Oil Danger Of Tsunamis From Methane? This May Be A Low Probability Event But Let’s Review It Anyway
thestatedtruth.com | June 24, 2010
London, UK A new and less well known asymmetric threat has surfaced in the Gulf of Mexico oil gusher. Methane or CH4 gas is being released in vast quantities in the Gulf waters. Seismic data shows huge pools of methane gas at the location immediately below and around the damaged “Macondo” oil well. Methane is […]
Rick Ackerman…..Negative Growth Dead Ahead!
thestatedtruth.com | June 24, 2010
In Summary…….There will not be inflation, particularly if quantitative easing, debt monetization and stimulus are being abandoned. It is Contraction with a capital “C†and nothing less. Negative growth is coming…..We are witnessing a sea-change of events unfolding that to my way of thinking spell a certainty of a global recession if not worse. Yes, […]
Methane In Gulf “Astonishingly High”: U.S. Scientist
thestatedtruth.com | June 24, 2010
Methane in Gulf “astonishingly high”: U.S. scientist (Reuters) – As much as 1 million times the normal level of methane gas has been found in some regions near the Gulf of Mexico oil spill, enough to potentially deplete oxygen and create a dead zone, U.S. scientists said on Tuesday. Texas A&M University oceanography professor John […]
Deutsche Bank: U.S. Financial Conditions Just Collapsed Back To Crisis Levels
thestatedtruth.com | June 24, 2010
Vincent Fernando, CFA     Jun. 24, 2010 Deutsche Bank has a new and improved index of U.S. financial conditions, and this index just slumped back towards the lows of our recent crisis. Deutsche Bank’s Peter Hooper: Financial conditions appear to have worsened substantially in recent quarters based on our update of the broad index of US […]
Soros….Europe Needs To Grow Its Way Out Of Trouble
thestatedtruth.com | June 23, 2010
Jun 23, 2010 Billionaire investor George Soros believes the euro is a flawed construct. According to Mr. Soros, the euro was an incomplete currency from the start as the EU’s 1992 Maastricht Treaty, which led to the creation of the euro currency, established a monetary union without a political union. In a speech for delivery […]
“In God We Trust” Has Been On American Coins Since 1866………Why Does The Government Want To Remove It Now? Take The CNBC Poll On This Important Subject
thestatedtruth.com | June 23, 2010
NBC is presently taking a poll on “In God We Trust” to stay on our American currency.  Please send this to every person you know so they can vote on this important subject.  Please do it right away, before NBC takes this off their web page. Poll is still open so you can […]
New Home Sales Are On A Ski Slope Downward!
thestatedtruth.com | June 23, 2010
Fed Leaves Rates Unchanged, Citing Overseas Threats to U.S. Growth
thestatedtruth.com | June 23, 2010
So now they tell us…….hasn’t this been ongoing for some time?  By CHRISTINE HAUSER Published: June 23, 2010 The Federal Reserve’s policy-making arm said on Wednesday that it had decided to keep short-term interest rates near zero for “an extended period†in light of continuing threats to economic growth, including “developments abroad.†The announcement […]
U.S. Strikes Back: Interior Secretary To Issue New Moratorium On Offshore Drilling In More Than 500 Feet…….
thestatedtruth.com | June 23, 2010
From Reuters: Interior Secretary Ken Salazar will offer testimony later on Wednesday on why the government will appeal that ruling and seek to renew the ban. The ban was imposed after a well operated by British oil company BP exploded on April 20 and began spewing crude into the sea. “We see clear evidence every […]
New Brainstorm At Fannie Mae
thestatedtruth.com | June 23, 2010
Fannie Mae To Deny New Mortgages To Deadbeats 06/23/2010  According to Dow Jones, bankrupt GSE Fannie Mae, announced “it won’t back new mortgage loans for seven years for homeowners who walk away from their mortgages although they were able to pay or did not seek a workout in good faith with their lender.” “”We’re […]
Magnitude 5.0 Hits ONTARIO-QUEBEC Border Region Of Canada
thestatedtruth.com | June 23, 2010
Magnitude 5.0 – ONTARIO-QUEBEC  BORDER REGION, CANADA  2010 June 23 17:41:42 UTC  Earthquake Details  Magnitude 5.0 Date-Time Wednesday, June 23, 2010 at 17:41:42 UTC Wednesday, June 23, 2010 at 01:41:42 PM at epicenter Time of Earthquake in other Time Zones Location 45.862°N, 75.457°W Depth 18 km (11.2 miles) set by location […]
Coast Guard Reports Problems Occurred In The Containment Effort
thestatedtruth.com | June 23, 2010
Something Broke: Containment Cap Removed From BP Oil Leak After Problems Encountered; Large Increase In Spill Rate…… By Tyler Durden on 06/23/2010 The U.S. Coast Guard said there may be 2 deaths, but the oil flow is not completely unrestrcited, and some oil was being burned off on the surface. More at: www.zerohedge.com Click on image for […]
George Soros Speaks About Europe…..
thestatedtruth.com | June 23, 2010
As a general rule, what’s bad for Europe is usually bad for the U.S. eventually! Billionaire investor George Soros said continental European banks haven’t been “properly cleansed†after the credit crisis because they haven’t marked the value of their holdings to market prices. “The current crisis is more a banking crisis than a fiscal one,†[…]
CalPERS Unlucky Again
thestatedtruth.com | June 22, 2010
I guess we could say CalPERS (California Public Employees’ Retirement System) is just plain unlucky….either that or they’re plain stupid. Maybe a little of both. After dropping a quarter of the value (and that’s being generous, it may be greater) of its $200-billion portfolio during the recession of 2008 and 2009, the country’s largest public pension fund is […]
Bad News Blues For British Consumers….Osborne Increases U.K. Value-Added Tax Rate to 20%
thestatedtruth.com | June 22, 2010
June 22, 2010  By Andrew Atkinson June 22 (Bloomberg) — British Chancellor of the Exchequer George Osborne increased the value-added tax rate to 20 percent from 17.5 percent in the first permanent change to the levy on sales of goods and services in almost two decades. “The years of debt and spending make this unavoidable,†[…]
Wall Street Buyers Beware…. Lunar Eclipse This Weekend.
thestatedtruth.com | June 22, 2010
This mention from Art Cashin, Cashin’s Comments from the floor of The New York Stock Exchange………. That Looming Weekend Cycle – We mentioned last week that there was a bit of a buzz around the floor about a cycle of some kind that was to kick in this coming weekend. We nosed around trying to get […]
Statfor…….Germany and Russia Move Closer
thestatedtruth.com | June 22, 2010
 Germany and Russia Move Closer   By George Friedman | June 22, 2010 German Foreign Minister Guido Westerwelle will brief French and Polish officials on a joint proposal for Russian-European “cooperation on security,†according to a statement from Westerwelle’s spokesman on Monday. The proposal emerged out of talks between German Chancellor Angela Merkel […]
1.2 Million Partnerships Own Over $1 Trillion In Commercial Real Estate. Too Big To Fail Dumping CRE Debt.
thestatedtruth.com | June 21, 2010
The problems for commercial real estate are deep and significant and have the potential of stifling any sort of recovery. Rather than looking at commercial real estate (CRE) as a reason for more stimulus or bailouts the question should examine why so many CRE locations are defaulting. Can this be a sign that demand for […]
Budget Crisis Leaves Los Angeles’ $74 Million Jail Empty
thestatedtruth.com | June 21, 2010
Gross overcrowding in one jail and no money to staff the other one  By JOHN ADAMS The brand new, state-of-the-art Metropolitan Detention Center remains empty because the cash-strapped Los Angeles Police Department lacks the funds to staff it. The $70 million, 172,000-square-foot, five-floor structure jail is one of the largest of its kind, but […]
British Petroleum…….. Gulf Oil Well Update……..Concerns About The Potential For Blowout In The Underground Portion Of The Well
thestatedtruth.com | June 20, 2010
 By oilflorida,        June 20th, 2010 Bill Gale, an engineer specializing in fires and explosions on oil rigs who is part of Bea’s Deepwater Horizon Study Group, said the 16-inch wide casing contains disks that are designed to relieve pressure if necessary. If any of those disks popped, it could create undesirable new avenues for […]
Pension Payback Time…In Budget Crisis, States Take Aim at Pension Costs
thestatedtruth.com | June 20, 2010
By MARY WILLIAMS WALSH Posted June 20,2010 Many states are acknowledging this year that they have promised pensions they cannot afford and are cutting once-sacrosanct benefits, to appease taxpayers and attack budget deficits. Gov. Pat Quinn said an overhaul would save Illinois’s pension system $300 million in its first year. But the fund is weakened. […]
12 American Warships, Including One Aircraft Carrier, And One Israeli Corvette, Cross Suez Canal On Way To Red Sea And Beyond
thestatedtruth.com | June 20, 2010
Submitted by Tyler Durden on 06/19/2010Â Â Zerohedge.com Update: It appears the Aircraft Carrier crossing the Suez is the USS Harry Truman, under the control of Herman “Herm” Shelanski, who is quoted by aish.com as saying “I understood that the strength of the United States is directly proportional to the safety of Israel.” Arabic newspaper Al-Quds […]
BP Internal Document To Congress….Internal BP Document Confirms Matt Simmons’ Worst Case Prediction Of Spill Rate Of 100,000+ Barrels Per Day
thestatedtruth.com | June 20, 2010
  BP document…. “If BOP and wellhead are removed and if we have incorrectly modeled the restrictions the rate could be as high as 100,000 barrels per day up the casing or 55,000 barrels per day up the annulus (low probability worst cases).” ….. “This number is in sharp contrast to BP’s initial claim […]
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