In All Fairness….The Founding Fathers Would Be Offended By These Facts: That The U.S.Senate And The U.S. Congress Don’t Abide By The Same Laws Of The Land, But The Rest Of Us Do!

| August 28, 2013

Print and send or forward this to your US  Senator and US Congressman or Congresswoman!  You can say www.TheStatedTruth.com sent you! THIRTY FIVE  STATES SO FAR….AND IT’S GROWING  Governors of 35 states have filed suit against the  Federal Government for imposing unlawful burdens upon them. It only takes 38 (of the 50) States to convene […]

The China Plan…In Gold We Trust

| August 25, 2013

The China plan would look to eventually back the Chinesse Renminbi currency with Gold, creating a direct trading challenge to the U.S. Dollar. Russia’s Putin has in the past hinted at something similar for the Russian Ruble! Chinese Gold Imports – China Imports 104 Tonnes of Gold in June China just imported 104 tonnes of […]

We Currently Have The Slowest Start To A Hurricane Season On Record…There Have Been None…Not A One, Zippo, Zero, Ziltch!

| August 25, 2013

Unbelievable!  Ok, now we understand better why the commodity market is so unusually tame, especially the softs which have been weak all summer…By definition a soft commodity is a commodity such as coffee, cocoa, sugar, corn, wheat, soybean and fruit. This term generally refers to commodities that are grown, rather than mined, drilled for or raised such as animals.  So […]

Welcome To The Middle East And Have A Nice Day

| August 25, 2013

Sounds like an old Abbott and Costello routine?  Who’s on first….. From K-N Al-Sabah, posted in the FT: Iran is backing Assad. Gulf states are against Assad! Assad is against Muslim Brotherhood. Muslim Brotherhood and Obama are against General Sisi. But Gulf states are pro Sisi! Which means they are against Muslim Brotherhood! Iran is pro […]

New Home Sales Fall To Lowest Level Since Last October While Builder Confidence Rises To Its Highest Level Since November 2005, No Typo, 2005!

| August 23, 2013

So, it’s said by a number of Realtors that interest rate spikes don’t matter to home buyers….um, maybe they should rethink that idea? Yep, maybe rethink it twice! Purchases of new U.S. homes  plunged in July by the most in more than three years while previous month saless were revised down.  Housing in July showed that a […]

Hindenburg Omen Continues!

| August 18, 2013

The dreaded Hindenburg Omen continues through August 14….. For the 6th day in the last 8, the market has flashed a string of Hindenburg chart warnings that suggest that all is not well in a stock  market considered by some to be “ government driven”. See our review of this several posts below, it will explain the Hindenberg Omen in detail.

Not Sounding Good…Especially Since We’re In An Economic Recovery (Sort Of)

| August 18, 2013

Things that make you wonder….and then question, how could this happen! 76% of Americans live paycheck to paycheck 27% of American have no savings at all 46% of Americans have less than $800 in savings The conversion of America into a part-time working society and the country’s second largest employer – a temp agency. The […]

Currently, Stock Markets Of The World Show Little Fear…But Maybe They Should!

| August 13, 2013

Why, you say…. It’s the dreaded Hindenburg Omen! “The Hindenburg Omen is a technical analysis that attempts to predict a forthcoming stock market crash. It is named after the Hindenburg disaster of May 6th 1937, during which the German zeppelin was destroyed in a sudden conflagration.” The Hindenburg Omen is not a guarantee of a […]

How LIBOR Sets Interest Rates

| August 8, 2013

Did you ever wonder just what LIBOR stands for…….well now you know! Until July 2012, the London Interbank Offered Rate (LIBOR) was the biggest little number that nobody outside finance understood, and yet it touched the lives of virtually everybody. LIBOR is an interest rate that gets calculated for ten currencies and fifteen borrowing periods […]

Say It Ain’t So….

| August 6, 2013

There are 28 million Americans with federal student loans, 60%, or 17 million, don’t pay the U.S. government a single cent!  Yep, nota, zippo, zero….not a penny!

Velocity Of Money Sits At Historic Lows….

| August 6, 2013

What this means is that money is not being circulated through the system, instead it is parked in things that don’t ecourage growth in the economy.  Velocity of Money is now at all time lows. Here is how to explain it:  The velocity of money (also called velocity of circulation and, much earlier, currency) is the average frequency with […]

Baltic Dry Index…A Sinking Ship

| August 6, 2013

Reviewing the overall global trade activity, the Baltic Dry Index shows we remain in record low territory. The global economy is moving at stall speed….   www.kingworldnews.com

U.S. Housing Rents Hit Record Highs As Homeownership Falls To 18 Year Lows!

| July 30, 2013

Never say things can’t get worse… Murphys Law says otherwise. According to the latest quarterly homeownership data released by the Census Bureau, the raw homeownership rate of 65.0% was unchanged from last quarter and 0.4% lower than a year ago. And on a seasonally adjusted basis the percentage of Americans who have a house declined […]

Hard To Believe…..But True

| May 27, 2013

Here are some statistics that seem unbelievable….. An astounding 53 percent of all American workers make less than $30,000 a year. In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined. The six heirs of Wal-Mart founder Sam Walton have as much wealth […]

Housing and Household Incomes

| May 6, 2013

Hmm….Courtesy of our good friend Gene Inger. www.ingerletter.com

Home Ownership Rates Continue To Fall

| April 30, 2013

The US Census Bureau reported earlier today that the US homeownership rates in the first quarter of 2013 dropped by 0.4% to a new 18 year low.  It now sits at 65% which is it’s lowest rate since 1995! www.zerohedge.com

The Rich Get Richer, And ….Well, You Know The Drill

| April 23, 2013

It’s now a rich mans world, but it wasn’t always this way! As the Pew Research Center finds, during the first two years of the US economic ‘recovery’, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% […]

Uh….We Wait With Heightened Interest

| April 21, 2013

This is either a big Scoop, or a pile of Poop. Glenn Beck sounds off about his knowledge of a top security matter. In the chaotic timeline of events that took place after the Boston bombing, one story that circulated was that a Saudi National had been take into custody and labeled a “Person of […]

Is The System Rigged Or Is It Just Magic…It’s Your Call!

| April 21, 2013

The  U.S. GDP Will Be Revised Higher By $500 Billion Following Addition Of “Intangibles” To Economy Those who have been following the US debt to GDP ratio now that the US officially does not have a debt ceiling indefinitely, may have had the occasional panic attack seeing how this country’s leverage ratio is rapidly approaching […]

The Titanic vs Seas of Royal Caribean

| April 20, 2013

Oh how things have changed over the last 101 years…… In 1912 the infamous Titanic was the biggest ship in the world. See this clever image, comparing the 46,000-ton Titanic to the biggest liner afloat today, the 225,000-ton, Allure of the Seas of Royal Caribbean. 

Bad Seats…Hey Buddy!

| March 12, 2013

Hmm…This from the very successful Kyle Bass We are right back there! The brevity of financial memory is about two years. I don’t get paid to be an optimist, I don’t get paid to be pessimist, I get paid to be a realist – and a prudent fiduciary of the capital, and then if i […]

Samsung Galaxy Cell Phone May Work Like Magic With Eye Control

| March 10, 2013

Amazing things are happening in technology…… The Samsung S4 launch will be on Wednesday Rumoured features include wireless charging and ‘eye scroll’ screen The iPhone may face its biggest challenge for supremacy in the smartphone market this week with the launch of the new Samsung Galaxy. In what has been described by some as the most eagerly […]

Did We Read This Right…..They Gotta Be Kidding, Nope They’re Not Kidding

| March 8, 2013

Here are the key words from below:  Two categories of spending represent 12.5% of all discretionary spending. These costs go up when the economy is weak, they have never, repeat never declined. Consider just these two components of the discretionary spending budget; (1) Food Stamps, and (2) the Earned Income and Child Credits. 1) Food Stamps cost the government […]

Retirement Market Assets Are Looking Much Better…But We Have A Long Way To Go

| March 8, 2013

Hmm….the average working age person has only about $79,651 saved up for retirement. That works out to about  $416 per mounth of retirement payout if retiring at age 62. ICI recently released their retirement plan data through Q3 of 2012. The chart of the day shows the real (inflation adjusted) total retirement market assets per working age citizen […]

Something Smells Fishy Here…..Is It Really Tuna?

| March 3, 2013

So…… A New Study Shows 59% of “Tuna” Sold in the U.S. Isn’t Tuna The non-profit group Oceana took samples of 1,215 fish sold in the U.S. and genetic tests found that that 59% of those labeled tuna were mislabeled. It seems that “white tuna” should be avoided in particular as “84% of fish samples […]

The Consumer Appears Taped Out As Income Dropped By The Most In 20 Years…At The Same Time A Trap Door Just Opened, Taking The Savings Rate Back To 2007 Levels

| March 1, 2013

How do we define austerity?  Quit simply we think it means that out into the future… “we’re all going to be poorer”. This sets up a bad game, and looking at the view of the field, it really doesn’t look anything like the ticket they sold us……more specifically, we have  “bad seats, hey buddy…front row behind a pole, and we just sat […]

A Trillion Here And A Trillion There…. And Pretty Soon You’re Talking Real Money

| February 27, 2013

In some cases, a picture is worth a thousand words….in this case, we’re in the trillions. www.jsmineset.com

Health Care Tid Bits…A Nightmare On Elm Street

| February 27, 2013

What a nightmare…..We spend almost 20% of our gross domestic product on health care in the U.S., and that figure continues to climb. In the U.S., people spend almost 20% of the gross domestic product on health care, compared with about half that in most developed countries. Yet in every measurable way, the results our […]

A Penny For Your Thoughts……

| February 20, 2013

Interesting tid bit’s….. Pennies and nickels have cost more than their face value to mint since 2006……and Since 2012, the penny has cost almost 2 cents to make and the nickel more than 10 cents, according to the U.S. Mint’s annual report released in January. Those prices have almost doubled over the past seven years. But if you […]

Social Security In An (Empty) Nut Shell

| January 13, 2013

10,000 Boomers turn 65 years old every day. Here is how it looks on a chart.  Empty nut shells piled high for the old folks…. These costs will be exceeding $1 trillion per year in the near future. Meanwhile, the number of workers per retiree will continue to fall as it has for decades. In 1945 there were […]

Life Expectancy Chart Is A Shocker For The U.S.

| January 13, 2013

Here are some interesting numbers on life expectancy from different countries around the world….2007 being the most recent data used in a number of studies.

It’s Raining Foodstamps…..

| December 9, 2012

How about that!   Just over a mind-boggling 50 million Americans are living in absolute poverty while collecting the $134.29 average monthly benefit per person.     Here’s a fictitious account of how food stamp day might go……..No time to work just got hooked up for some free money, gotta go wait in that long food stamp line, it goes down the […]

Babys Are(n’t) Us….U.S. Birthrate Hits Record Low

| November 30, 2012

Pretty stunning news…..and what does this mean, it means slow or no growth in the economy for many many years.  Oh, and the chart below explains how much government assistance the baby boomers are reliant on, and it becomes worse with the working population slowing, not growing.  The U.S. birthrate fell to a record low last year, coming in […]

Mississippi River Near A Record Low Water Level

| November 29, 2012

Yikes! A key stretch of the drought-ravaged Mississippi River may fall to a record low by mid-December, halting barge traffic and disrupting billions in commerce on the nation’s busiest inland waterway. President Obama on Tuesday was urged to declare an emergency so the U.S. Army Corps of Engineers can take steps to boost the river’s […]

You Won’t Believe This One…..

| November 25, 2012

According to Business Week: Last year, for the first time ever, sales of adult diapers in Japan exceeded those for babies. Yep, we said you wouldn’t believe it!  

Good Bye Hostess

| November 22, 2012

There are indications that union bosses are very perplexed at union workers over this decision…. Hostess will start selling off the rights to Twinkies, Ding Dongs and other baked brands after a federal bankruptcy judge on Wednesday approved its plan for an “orderly wind-down.” On Wednesday, the day before Thanksgiving, Hostess Chief Executive Gregory Rayburn […]

Fiscal Cliff’s And Slippery Slope’s

| November 19, 2012

Cumberland Associates has this perspective about the world wide slippery economic situation, and failed post-retirement promises made to a trusting populace. Let us get back to the difference between the US and Europe. European peripheral countries waited too long.  Now they cannot fund the promises that they made for retirement and post-retirement benefits, and so they have to […]

Post Office Shrink Wrap….

| November 15, 2012

The U.S. Postal Service (USPS) uses $250 million per day to operate and had a total of 607,400 employees as of October.  This was the lowest number of total employees for the non-profit ( loss-driven) government run entity since the 1960s!  Perhaps more interesting (but not surprising) is that USPS employees peaked at over 900,000 back in 1999!

The 2013 AMT Tax Nightmare Could Hurt Tens Of Millions Of People

| November 15, 2012

This from Bruce Krasting: The Wall Street Journal reports this morning that President Obama is going to ask for $1.6T in new taxes when he speaks on Friday. The only way that this sized tax increase could be accomplished is if the AMT (Alternative Minimun Tax) is indexed to inflation and hits tens of millions of […]

Quotes Of The Day…

| November 15, 2012

A wise old Owl sits and watches with ruffled feathers… Quotes for the day!   “Education, n.: That which discloses to the wise and disguises from the foolish their lack of understanding.” — Ambrose Bierce “Education is an admirable thing, but it is well to remember from time to time that nothing that is worth […]

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