Something Fishy Is Going On With The Dollar…….Just How Close To A Currency Disaster Are We?
thestatedtruth.com | October 28, 2009
thestatedtruth.com | October 28, 2009
thestatedtruth.com | October 20, 2009
thestatedtruth.com | October 19, 2009
Oct. 19, 2009, 2:39 p.m. EDT NEW YORK (MarketWatch) — Greenlight Capital is betting on the possibility of a major currency collapse and a surge in interest rates, the hedge-fund firm’s manager David Einhorn said Monday, citing ballooning government deficits in some of the world’s most developed countries. Einhorn, who warned about Lehman Brothers’ frailty […]
thestatedtruth.com | October 16, 2009
Minnesota Pigs Tested for H1N1, May Be First in U.S.  By Whitney McFerron Oct. 16 (Bloomberg) — Three pigs from the Minnesota state fair have been “tentatively identified†as having swine flu in what may be the first U.S. cases of the H1N1 virus among domestic livestock. The pigs were tested at the fair […]
thestatedtruth.com | October 15, 2009
That Was Then, This Is Now – In his terrific “Big Picture†blog, Barry Ritholtz cited a neat 1999 comparison by Peter Boockvar. Here’s the citation…… With the DJIA approaching 10,000 again, let’s reminisce about 1999, the year it first passed that magic level on March 29th. Millennium by the Backstreet Boys was the best […]
thestatedtruth.com | October 14, 2009
“China National Offshore Oil Corp and Exxon Mobil are about to enter a bidding war over oil-rich water near Ghana. At stake is ‘Jubilee,’ a recently discovered offshore site that probably holds a couple billion barrels of oil. This isn’t China’s state-owned offshore oil company’s first foray into the global energy grab, but its one […]
thestatedtruth.com | October 6, 2009
Exxon Mobil Passes PetroChina as World’s Most Valuable Company By Joe Carroll Oct. 6 (Bloomberg) — Exxon Mobil Corp. overtook PetroChina Co. as the world’s most valuable company, ending a four-month reign by the Beijing-based oil producer after price controls in China failed to keep pace with rising crude costs. State-controlled PetroChina’s Shanghai-traded shares have […]
thestatedtruth.com | September 30, 2009
thestatedtruth.com | September 22, 2009
thestatedtruth.com | September 21, 2009
China, Russia and the rest of the BRICs will bring the Super Sovereign Currency alternative to the G20 discussion. We have seen that developing over the last few weeks. We know that the main thrust of the G20 where the West is concerned is banking regulations and a unified commitment not to withdraw from anti-deflationary, […]
thestatedtruth.com | September 18, 2009
Total houehold wealth is up 3.9% April through June 2009, but  is still down by 19% from the high reached back in the third quarter of 2007. To put things into another perspective, just do tthe math on the next chart from 2007.  To do the math….hint, we are subtracting  the 19% loss that we’ve had since the third quarter 2007  from […]
thestatedtruth.com | September 3, 2009
Natural Gas Tumbles to Lowest Since March 2002 on Supply Gain By Reg Curren Sept. 3 (Bloomberg) — Natural gas futures extended a decline in New York, falling to the lowest level since March 2002, after a government report showed stockpiles expanded more than average to a record for this time of year. Supplies rose […]
thestatedtruth.com | September 2, 2009
BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico By Eduard Gismatullin Sept. 2 (Bloomberg) — BP Plc, Europe’s second-largest oil company, reported a “giant†discovery at the Tiber Prospect in the Gulf of Mexico that may contain more than 3 billion barrels, after drilling the world’s deepest exploration well. The well is located about […]
thestatedtruth.com | August 31, 2009
By: Rick Ackerman Rick’s Picks Monday, August 31, 2009 “Phenomenally accurate forecastsâ€Â  Because we never shared investors’ wild enthusiasm for Cerberus, its near-collapse in recent days hardly came as a shock. The once-huge private-equity firm specialized in distressed assets at a time when even the bluest of blue-chip companies – the name Lehman Brothers springs […]
thestatedtruth.com | August 26, 2009
According to the US Department of Energy, liquid fuel demand in the developed nations peaked in August 2005 at 41.89 million barrels per day. Since then, it has plunged by 3.6 million barrels per day to 38.27 million barrels per day. However, you may want to note that despite these tough economic conditions, consumption has […]
thestatedtruth.com | August 19, 2009
Hyperinflation Won’t Be Like Germany’s By: Rick Ackerman  Rick’s Picks Wednesday, August 19, 2009 “Phenomenally accurate forecastsâ€Â  I thought I’d overdosed on the inflation vs. deflation debate, but that was before I started reading Adam Fergusson’s When Money Dies: The Nightmare of the Weimar Collapse. Fascinating stuff. Anyone who thinks it couldn’t happen here […]
thestatedtruth.com | July 21, 2009
Why Gold Should Anchor a Portfolio By: Rick Ackerman  Rick’s Picks Tuesday, July 21, 2009 (Following is the fourth in a series of articles on gold by Chuck Cohen, a financial consultant and lifelong resident of New York City.) Recently I discussed some of the reasons investors often fall short. Today I want to […]
thestatedtruth.com | July 20, 2009
GOLD THOUGHTS by Ned W. Schmidt, CFA, CEBS Schmidt Management Company July 20, 2009 Failing economic policies of the Obama Regime are setting the stage for the next significant rally for $Gold as massive debt monetization becomes necessary. Before going into that though, we need to understand the situation with the U.S. economy. That will […]
thestatedtruth.com | July 17, 2009
 Huge Rally? Don’t Laugh……..By: Rick Ackerman, Rick’s Picks   Rick’s Picks Friday, July 17, 2009 “Phenomenally accurate forecastsâ€Â  Just because there are a dozen great reasons to hate stocks right now doesn’t necessarily mean they can’t go much higher. Not only that, the bear rally could continue for quite a while – till 2011 […]
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