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 […]
Category: Commentary, Finance, National News, Pensions and Retirement, Wall Street, World News |
13 Comments »
Tags: etirement Assumed Rates Of Return, Retirement Shortfalls
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 […]
Category: Commentary, Economy, National News, Wall Street, World News |
12 Comments »
Tags: Congress Popularity 11%
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 […]
Category: Commentary, Commodities, Economy, National News, Wall Street, World News |
3,058 Comments »
Tags: Marc Faber Interview, Marc Faber Likes Gold
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 […]
Category: Commentary, Commodities, Economy, National News, Wall Street, World News |
14 Comments »
Tags: Commodity Shortages, World Commodity Demand
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, […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
1,031 Comments »
Tags: derivatives, derivatives 101, Moron 101
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 […]
Category: Commentary, Economy, Finance, National News, Pensions and Retirement, Wall Street |
53 Comments »
Tags: OC Pension Sytem Short $228 Million, Pension System Error
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 […]
Category: Commentary, Economy, Education and Schooling, National News, World News |
660 Comments »
Tags: Bankrupt School Districs, School Districs In Trouble, Teachers Fires;Unions In Trouble
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
Category: Commentary, Commodities, Economy, National News, Wall Street, World News |
12,142 Comments »
Tags: Gasoline Charts, Gasoline Economic Effects
thestatedtruth.com | February 25, 2011
Sounds like there was more then one way to play the game of hide and seek, but the Democrats weren’t paying attention while hiding! MADISON, Wis. — Republicans in the Wisconsin Assembly took significant action on their plan to strip collective bargaining rights from most public workers, by passing the measure early Friday morning before sleep-deprived Democrats realized […]
Category: Commentary, Economy, National News, Pensions and Retirement, Wall Street, World News |
15 Comments »
Tags: Wisconsin Democrats Lose, Wisconsin Protests, Wisconsin Vote
thestatedtruth.com | February 25, 2011
Some good points about Bahrain….and why it’s important to oil! Bahrain lies in the middle of an age-old contention between Iran and Saudi Arabia… and the balance between the two rivals could soon be tipped. A strong Iraq was a nice buffer between Saudi Arabia and Iran, but a strong Iraq is no more. Now […]
Category: Commentary, Economy, National News, National Security, Oil and Nat Gas, Pictures, Wall Street, World News |
52 Comments »
Tags: Bahrain, Middle East Bahrain, Oil
thestatedtruth.com | February 24, 2011
From The Wall Street Journal………The Internal Revenue Service announced new rules intended to help struggling taxpayers cope with tax debts. Commissioner Doug Shulman called the steps an effort to “stand in taxpayers’ shoes” in order to minimize unnecessary burdens and said they wouldn’t compromise tax collections. The changes affecting individuals concern tax liens and so-called […]
Category: Commentary, Economy, Finance, National News, Personal Net Worth, Wall Street |
58 Comments »
Tags: IRS Changes, IRS Liens, IRS Tax Changes
thestatedtruth.com | February 24, 2011
Libya’s “secretive” sovereign fund (LIA) has assets of over $70 billion and has placed $32 billion with U.S. banks, reported Reuter,  based on Wikileaks provided information from a “confidential diplomatic cable.” According to the report: ” The cable, obtained by WikiLeaks and revealing the details of a January meeting between the head of the Libyan Investment Authority […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
2 Comments »
Tags: Libya's Sovereign Fund
thestatedtruth.com | February 24, 2011
Oil production in Libya is expected to shut down completely and could be lost for a prolonged period of time, Bank of America Merrill Lynch said on Thursday. U.S. officials said current oil stockpiles were adequate to meet any supply disruptions. So, can we believe them is the big question!
Category: Commentary, Economy, National News, Oil and Nat Gas, World News |
264 Comments »
Tags: Libya Oil, Libyan Oil May Shut Down, Oil Production
thestatedtruth.com | February 24, 2011
Rock and Roll, and to think….the media says it’s all behind us and everything is getting better rapidly…..NOT! Troubled Banks Rise To Highest Level In 18 Years By Marcy Gordon Posted: 02/23/2011 WASHINGTON — The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final […]
Category: Commentary, Economy, Finance, National News, Wall Street |
646 Comments »
Tags: Bad Banks Increasing, banks
thestatedtruth.com | February 24, 2011
Does anyone really think there is a recovery going on! ” Less than 500 homes sold in the over $750,000 and only 19k total new homes were sold. The lowest monthly total ever. (and of the 19K, 53% were vacant lots or under construction). “Sales of new single-family houses in January 2011 were at a seasonally […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street |
7 Comments »
Tags: New Home Sales, Real Estate, Record Low New Home sales
thestatedtruth.com | February 23, 2011
Federal Reserve Bank of Kansas City President Hoenig is one guy that knows! HOENIG:  U.S. HAS `DEEPLY’ UNDERMINED FREE-MARKET CAPITALISM HOENIG: WARNS OF ESCALATING SERIES OF CRISES WITH RISING COSTS HOENIG: LARGE FINANCIAL FIRMS CAN EXPECT BAILOUTS IN FUTURE HOENIG: BIG FINANCIAL FIRMS MUST NOT HOLD ECONOMY`HOSTAGE’ HOENIG: BIG FIRMS `HAVE SIGNIFICANT INCENTIVES’ TO INCREASE RISK HOENIG: TOO-BIG-TO-FAIL FIRMS POSE […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
1,481 Comments »
Tags: Feg Gov Hoenig Talks, Hoenig:Capitalism In Trouble
thestatedtruth.com | February 23, 2011
Nowhere Near Over February 23, 2011 This is nowhere near over.  By “Thisâ€, we mean the regional contagion, spreading violence and rising geopolitical risk in the Middle East and North Africa.   Reports say that Libya has stopped producing oil and that pipeline delivery to Europe (Italy) is interrupted. Libya seems headed for complete dismemberment and […]
Category: Commentary, Economy, National News, News Letters, Oil and Nat Gas, Wall Street, World News |
2,866 Comments »
Tags: Cumberland Advisors - Nowhere Near Over, Cumberland Middle East Update
thestatedtruth.com | February 22, 2011
How Rich Are The Superrich A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
Category: Commentary, Economy, National News, Pensions and Retirement, Personal Net Worth, Wall Street |
3,558 Comments »
Tags: Broken System, Rich, Superrich
thestatedtruth.com | February 22, 2011
Mohamed El-Erian appeared on Bloomberg Surveillance with Tom Keene,  talking about the developments in the Middle East, “we have to appreciate that in the west, what is happening in Egypt and North Africa results in stagflation in the short term. So higher inflation and lower growth because of higher oil prices that take away purchasing power […]
Category: Commentary, Economy, National News, News Letters, Wall Street, World News |
5,076 Comments »
Tags: Dollar Weakness, pimco's El -Erian
thestatedtruth.com | February 21, 2011
The average person doesn’t realize the shortage they will likely be faced with in retirement!Â
Category: Commentary, National News, Pensions and Retirement, Personal Net Worth |
3,137 Comments »
Tags: 401k Plans, Retirement Plans Short
thestatedtruth.com | February 21, 2011
WELLINGTON, New Zealand (AP) — A strong 6.3-magnitude earthquake rocked the southern New Zealand city of Christchurch on Tuesday, and there were reports of damage to some buildings. Radio New Zealand reported that a church near the city center collapsed. The station also said staffers in its Christchurch newsroom had to cling to their desks […]
Category: Commentary, National News, World News |
1,032 Comments »
Tags: Earthquake 6.3 Hits New Zealand
thestatedtruth.com | February 21, 2011
Earth is overdue a massive solar storm as the sun enters its most active period…..We’ve been talking about this for a while.  Heads up everybody…..Have cash on hand and 30-60 days of food, water, toilet goods etc, and lots of flash lights and batteries and keep your car gas tank at least half full at […]
Category: Commentary, Commodities, Economy, National News, National Security, Pictures, Technology, Wall Street, World News |
4,350 Comments »
Tags: Massive Solar Storm ;Solar Storms, Warning:Solar Storms Headed Our Way
thestatedtruth.com | February 21, 2011
Thousands of people in the Philippines fled their homes as a volcano erupted on Monday, sending a spectacular column of ash high into the sky, residents said. The eruption of Bulusan, a 1,559-metre (5,115-foot) volcano, turned mid-morning into night for about 20 minutes across largely farming areas around its slopes, regional army spokesman Major Harold […]
Category: Commentary, National News, Weather, World News |
2,637 Comments »
Tags: Philippine Volcano Bulusan Eruptes
thestatedtruth.com | February 21, 2011
Inquiring minds want to know what happens to the Libyan Gold….Uh, one guess…It follows Gaddafi out of Libya. Duh! Libya had 143.8 tonnes of Gold and is (was) the ninth largest oil producer!
Category: Commentary, Economy, National News, National Security, Oil and Nat Gas, Wall Street |
1,360 Comments »
Tags: Libya Gold, Libya Oil;Libya Gaddafi
thestatedtruth.com | February 20, 2011
George Soros….whether you like him or hate him, he has earned our respect with his success over the years. He came to the U.S. as a poor boy, and has earned the wealth he has. Soros says Iran’s ruling regime will topple within the year, though he warned the situation there could become “very ugly†before this happens. Soros also […]
Category: Commentary, Economy, National News, Wall Street |
1,164 Comments »
Tags: George Soros Talks
thestatedtruth.com | February 20, 2011
Guess it doesn’t matter if they burn the oil wealth when it all goes to the ruler anyway! Sounds like Gadhafi should ride out of Dodge while he can! The son of Libyan leader Moammar Gadhafi says protesters have seized control of some military bases and tanks. Appearing on Libyan state television Sunday night, Seif […]
Category: Commentary, Economy, National News, World News |
1 Comment »
Tags: Libya Fears Revolution
thestatedtruth.com | February 20, 2011
How Congressional Budget Cuts Will Effect California  Under the GOP House proposals, about $1.5 billion in federal funds for California would be trimmed, affecting such things as Pell grants, Head Start, K-12 education and rail projects. Reporting from Washington— University of California students would take a nearly $55-million hit from reductions in Pell grants. […]
Category: Commentary, Economy, Education and Schooling, National News, Wall Street |
2,554 Comments »
Tags: California May See Bigger Cuts
thestatedtruth.com | February 20, 2011
Things are coming unglued in the Middle East as revolution is spreading like wildfires. The U.S. isn’t immune from this as we are seeing large protests in Madison Wisconsin over budget cuts that effect unions, entitlements and retirements. Just imagine what happens in California (if) the special election to extend temporary tax increases gets voted down in June! Massive budget cuts in California […]
Category: Commentary, National News, Wall Street, World News |
20 Comments »
Tags: World in Turmoil, Worldwide Protests
thestatedtruth.com | February 19, 2011
Here is an interesting piece on Real Estate in this weeks Barron’s column Up and Down Wall Street…Â by ALAN ABELSON For most people, their house, be it ever so humble, is their largest single investment. (And all these years we’ve been suffering under the delusion that a house was, pure and simple, to live in. […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
32 Comments »
Tags: CoreLogic Real Estate Numbers, Real Estate Equity
thestatedtruth.com | February 19, 2011
The President ordered the cabinet to cut $100 million from the $3.5 trillion federal budget! So we thought a little perspective might be in order. In comparison, if I have about a $4,000 a month budget for groceries, medicine, bills, etc, and I cut my spending at exactly the same ratio – 1/35,000, here’s what I would be sacrificing…..after doing the […]
Category: Commentary, Economy, National News, Tid Bits, Wall Street |
58 Comments »
Tags: Budget Cuts, Perspective, tid bits
thestatedtruth.com | February 18, 2011
This could create a Black Swan set of events if it happens.  Looks like the Democrats are playing with Dominos…..and here’s the thing, they know it!  Speaking at a meeting of top aides to Congressional Democrats on Capitol Hill, an aide to former House Speaker Nancy Pelosi said that a government shutdown is likely and that Democrats need […]
Category: Commentary, Economy, National News, Wall Street |
26 Comments »
Tags: Black Swan Event, dominos
thestatedtruth.com | February 18, 2011
Swine Flu Can Spread at ‘Unbelievable’ Rate: The WHO (World Health Organization) says the swine flu spreads four times faster than other viruses and 40 percent of the fatalities are young adults in good health, this according to top health officials. “This virus travels at an unbelievable, almost unheard of speed,†World Health Organization Director General […]
Category: Commentary, Economy, National News, Wall Street |
9 Comments »
Tags: swine flu
thestatedtruth.com | February 18, 2011
This hopefully should be a helpful guide to minimizing the flu when it hits you. The Flu Fighters—In Your Food  While many people are still waiting for swine-flu vaccine to become available in their area, there is a lot they can do in their own kitchens to help fight off disease and build a strong […]
Category: Commentary, Healthcare and Science, National News |
7 Comments »
Tags: Anti Flu Foods, Flu Defensive Foods, swine flu foods
thestatedtruth.com | February 18, 2011
Heads Up……We are hearing of cases now of the Swine Flu, but nobody is talking about it. It’s medical name is Influenza C and sub types of influenza A (H1N1 variations).
Category: Commentary, Healthcare and Science, National News |
44 Comments »
Tags: swine flu, Swine Flu H1N1
thestatedtruth.com | February 18, 2011
OK, let’s look at the options, the State of Wisconsin is broke,  and the Democrats and Republicans can’t agree on needed changes of things that were agreed to at a different time and under quite different circumstances 50 years ago. A state isn’t like a federal government in that it can’t print its own money, therefore they either do […]
Category: Commentary, Economy, Education and Schooling, National News, Wall Street |
462 Comments »
Tags: California Special Election, Wisconsin Protests
thestatedtruth.com | February 17, 2011
University of Southern California USCÂ Hospital shut down its kidney transplant program last month after a kidney was accidentally transplanted into the wrong patient, according to a spokesman for the program that coordinates organ transplants in Los Angeles. In a statement, the hospital confirmed that it had temporarily and voluntarily halted transplants Jan. 29 after a […]
Category: Commentary, Healthcare and Science, National News |
50 Comments »
Tags: Kidney Transplant Screw Up
thestatedtruth.com | February 17, 2011
Ok…We Believe You! Do The Democrats?   Talk Of Government Shutdown Increases  House Speaker John Boehner says he will not support a stopgap measure to continue funding the government at current levels — a solution that would give the House and Senate more time to resolve differences before funding dries up March 4.  When […]
Category: Commentary, Economy, National News, Wall Street |
1 Comment »
Tags: Government shutdown
thestatedtruth.com | February 17, 2011
Uh, Ok Chief…..What ever you say. Here’s a list of things that are not, repeat…are not a problem.  Our math must be a little sideways though, because just looking at the figures below seem to indicate that we (currently) look to have a BIG problem.   January 2009 TODAY % chg Source Avg. […]
Category: Charts and Graphs, Commentary, Commodities, Economy, Gold and Silver, National News, Wall Street |
155 Comments »
Tags: inflation
