thestatedtruth.com | February 17, 2011
Medicare, Medicaid and Social Security programs have ballooned to 57 percent of the government budget this year and are widely cited as the most significant contributors to the federal deficit.  By the way, this is something nearly all Americans want to see aggressively brought under control. But….Fifty-six percent of Americans oppose changes to Medicare benefits and 64 […]
thestatedtruth.com | February 17, 2011
An estimated 25,000 protesters showed up for this vote in Wisconsin….So is it a surprise that the workers don’t want to give up anything…No! It’s really the fault of the morons that negotiated these contracts for the state that, they are at fault. Obviously none of them ever passed a basic math class in college or this […]
thestatedtruth.com | February 17, 2011
We’ve been talking about this for a while….Rapidly rising food prices triggered the latest round of civil disorder around the world, as it did the first round during 2008. The picture may get bleaker over the next few years. Cumberland Advisors Khamsin February, 17, 2011 “This is not just a warm wind, but a dust-laden, suffocating […]
thestatedtruth.com | February 16, 2011
LOS ANGELES (CBS)….After years of relative quiet on our nearest star, activity has picked up as of late, resulting in a solar flare that marks the strongest since 2006. After the initial blast of radiation accompanying the coronal mass ejection (CME) — the first of its magnitude to occur in the new solar cycle of […]
thestatedtruth.com | February 16, 2011
Mortgage Refinance Demand Lowest Since Summer of 2009…..This should be a sign to the wise. 02-16-2011 Mortgage application volume slipped 9.5 percent on a seasonally adjusted basis during the week ending February 11, according to the latest weekly survey from the Mortgage Bankers Association. On an unadjusted basis, the home loan application index was off […]
thestatedtruth.com | February 16, 2011
Libya may be next to go…….demonstrations that swept away the Tunisian and Egyptian Âpresidents now target Libya, the oil-exporting north African country ruled by Muammer Gaddafi since 1969. A succession of rallies and demonstrations, in Egypt, Jordan, Yemen, Algeria, Bahrain and Iran have been inspired directly by the popular outpouring of anger that toppled Tunisian President Zine al-Abidine […]
thestatedtruth.com | February 16, 2011
Tension is rapidly building in the Mid East. JERUSALEM—Iran is sending two warships through the Suez Canal en route to Syria, Israel’s foreign minister said Wednesday, calling the act a “provocation” that Israel cannot ignore. The Iranian plan described by Foreign Minister Avigdor Lieberman would take the warships past Israel’s coast. While it would pose no significant […]
thestatedtruth.com | February 16, 2011
This review does a good job explaining the U.S. Government “ statistical magic” used in unemployment statistics. We can also call it Vodoo Economics. Benson’s Economic & Market Trends By: Richard Benson, SFGroup America continues to face a true national tragedy as tens of millions of unemployed people have been literally discarded because of big business […]
thestatedtruth.com | February 16, 2011
Producer prices in the U.S. climbed during January to their highest point in more than two years. And to think, the government says we have no inflation problem!  “We do not now have a problem…. Inflation made here in the US is very, very low”– Federal Reserve Chairman Ben S. Bernanke, February 10, 2011  […]
thestatedtruth.com | February 15, 2011
This is a must read for everybody.  It’s an outline of the future.  It doesn’t have to be right, but a good plan is better then a bad plan and any plan is better then no plan. Crisis High In 2011 By: Clif Droke  Posted Tuesday, 15 February 2011After two years of issuing “sell†ratings on equities and […]
thestatedtruth.com | February 15, 2011
This was a no brain’er, sooner or later you just knew the banks were going to want a larger down payment on the purchase of a house. How novel to think it might improve delinquencies….Inquiring minds say Duh. By S. MITRA KALITA   (From The Wall Street Journal) The down payments demanded by banks to buy homes have ballooned […]
thestatedtruth.com | February 14, 2011
The list grows….Algeria riots yesterday, Bahrain earlier today, and Iran now.  It’s a rapidly deteriorating situation in Tehran, where protesters are chanting ‘Death to Khamenei.’  AP:  “Clashes between Iranian police and tens of thousands of protesters wrecked central Tehran on Monday as security forces beat and fired tear gas at opposition supporters hoping to evoke Egypt’s […]
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 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%.
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