thestatedtruth.com | July 27, 2010
Just a reminder…… Jim Rogers was George Soro’s original partner for the Quantum Fund. Both are now billionaires! Robert Shiller, co-creator of the Standard & Poor’s/Case-Shiller house price index, also warned that the next downturn may come, maybe even sooner. By James Quinn, US Business Editor Published 27 Jul 2010 Mr Rogers, the respected currency trader and hedge […]
thestatedtruth.com | July 24, 2010
 About 31 percent of U.S. oil output and about 10 percent of gas production, comes from the Gulf of Mexico according to the Energy Department By Dan Hart – Jul 24, 2010 Bonnie has degenerated to a “disorganized area of low pressure†near the U.S. Gulf Coast, hours after the National Hurricane Center lifted […]
thestatedtruth.com | July 24, 2010
By John Mauldin July 24, 2010 Â The Elements of Deflation Just as every school child knows that water is formed by the two elements of hydrogen and oxygen in a very simple combination we all know as H2O, so deflation has its own elements of composition. Let’s look at some of them (in no […]
thestatedtruth.com | July 22, 2010
  * Louisiana declares state of emergency  * U.S. officials evaluating whether to evacuate area  Thu Jul 22, 2010 By Kristen Hays and Anna Driver HOUSTON, July 22 (Reuters) – BP Plc (BP.L) (BP.N) oil spill workers in the Gulf of Mexico prepared for a possible evacuation on Thursday as a tropical storm threatened […]
thestatedtruth.com | July 21, 2010
 Posted July 21, 2010 CHICAGO (Reuters) – The intense heat and humidity that blanketed central Kansas since late last week have killed more than 2,000 cattle and one state official called the heat-related losses the worst in his 17 years on the job. However, conditions for the cattle improved somewhat on Tuesday as the […]
thestatedtruth.com | July 20, 2010
Interesting happenings between U.S. government and BP………….A standoff between BP and the US government over the handling of the stricken Macondo well in the Gulf of Mexico continued with a sharp exchange of words over the best way to keep the oil contained .   At the heart of the dispute is anxiety about what is […]
thestatedtruth.com | July 20, 2010
Write up from Byron Wein…………”The Smartest Man In Europe” Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Commentary courtesy of www.fmxconnect.com We recently came across an interesting piece from Blackstone on the European Stimulus and the road to recovery. Bryon Wein is a well known strategist. The most salient points are outlined below: No clear way out of the enormous debt burden […]
thestatedtruth.com | July 17, 2010
Generally very good news out of the Gulf of Mexico….Bloomberg says the well is capped successfully,     AP says looking much better, but still puzzling readings from busted well. BP Says Cracks in Well Head Still Possible As Cap Test Goes On But Are Encouraged.    Bloomberg        07-17-2010  BP Plc said tests on its Macondo well show no […]
thestatedtruth.com | July 16, 2010
One, but not the only reason the commodity grain markets have been going bananas lately.  An emergency drought situation has been declared in 19 of Russia’s 83 regions with crops dying on an estimated 9.6 million hectares of fields. The drought-struck areas were suffering “colossal destruction,” Agriculture Minister Yelena Skrynnik said.   July 16, 2010 […]
thestatedtruth.com | July 16, 2010
U.S. consumer prices dipped slightly in June, but the core measure that strips volatile food and energy prices posted its largest gain since October 2009. The Labor Department said in a report Friday that the seasonally-adjusted consumer price index slid 0.1% last month, knocked down by a decline in energy prices. In May, consumer prices were down […]
thestatedtruth.com | July 15, 2010
Interesting comments from Matt Simmons…..must hear interview from msnbc today Thursday,  July 15, 2010…….so what’s really going on in the Gulf of Mexico?   Matthew Simmons, founder and chairman emeritus of Simmons & Company International, is a prominent oil-industry insider and one of the world’s leading experts on the topic of peak oil. Simmons was […]
thestatedtruth.com | July 15, 2010
Surveyed firms reported a decline in new orders this month compared with June. Employment showed a slight improvement this month. The survey’s broad indicators of future activity continue to suggest that the region’s manufacturing executives expect growth in business over the next six months, but optimism has waned notably in recent months.The survey’s broadest measure […]
thestatedtruth.com | July 15, 2010
From→ Washington’s Blog       7-15-2010 BP has succeeded in capping the well and stopping oil from flowing into the Gulf of Mexico … at least temporarily. The official Deepwater Horizon Response Twitter feed noted as of a couple of minutes ago: Update:        NO OIL FLOWING INTO THE GULF  As of this writing, Skandi ROV 2’s […]
thestatedtruth.com | July 14, 2010
Speaking of credit, or the lack thereof, the U.S. has been stripped of its AAA credit rating. So have Britain, France and Germany… This morning, the Dagong Global Credit Rating Co., China’s first real attempt at a ratings agency, initiated coverage on the sovereign debt of 50 different countries. “Dagong’s sovereign credit ratings are based […]
thestatedtruth.com | July 13, 2010
By Jim Polson and Jessica Resnick-Ault Jul 13, 2010 BP Plc plans to start testing today on a new cap over its leaking Gulf of Mexico well to determine whether it can stop the largest U.S. oil spill in history while continuing work on a permanent plug. Starting about noon local time, a 40-foot (12-meter) […]
thestatedtruth.com | July 8, 2010
 The problem is actually pretty simple. We have more debt than productive growth can support. Debt has been losing its marginal productivity for years now and it no longer increases GDP. Rather, we abruptly reached debt saturation and now growth in debt reduces GDP. We have such levels of mal-investment and excess balance sheet […]
thestatedtruth.com | July 8, 2010
By Vincent Del Giudice       Jul 8, 2010  Consumer borrowing in the U.S. dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the labor market. The $9.1 billion decrease followed a revised $14.9 billion slump in April that was initially estimated as a $1 billion […]
thestatedtruth.com | July 8, 2010
July 08,2010 In a significant step toward an AIDS vaccine, U.S. government scientists have discovered three powerful antibodies, the strongest of which neutralizes 91% of HIV strains, more than any AIDS antibody yet discovered. Looking closely at the strongest antibody, they have detailed exactly what part of the virus it targets and how it attacks […]
thestatedtruth.com | July 8, 2010
Nice of the IMF to warn us………. By Tyler Durden   07/08/2010 The IMF has issued a less than stellar outlook of the US economy after consultations with US government authorities, in which it cautions that even as the outlook has generally improved, major downside risks remain: “On the downside, the backlog of foreclosures and high […]
thestatedtruth.com | July 7, 2010
Wednesday  Jul. 07, 2010 By JEFF DONN and MITCH WEISS – Associated Press Writers Leading environmental groups and a U.S. senator on Wednesday called on the government to pay closer attention to more than 27,000 abandoned oil and gas wells in the Gulf of Mexico and take action to keep them from leaking even more […]
thestatedtruth.com | July 5, 2010
Baltic Dry Freight Index down nearly 3% today and for the 26th week in successuion! By Definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry bulk cargoes.  The index provides “an assessment […]
thestatedtruth.com | July 5, 2010
The U.S. workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation. So, can things get much worse? Yes! By Ambrose Evans-Pritchard Published: 9:33PM BST 04 Jul 2010 Ambrose Evans-Pritchard: Comment  “Home sales are down. Retail sales are down. Factory […]
thestatedtruth.com | July 4, 2010
President Obama looks like, well, you get the picture!  And you can stick a fork in BP, its done. ………..Here are some interesting comments from Cumberland.    The Sarasota fishmonger on Lemon St. now gets his shrimp from Sanibel. Louisiana is dead for years, he said. It will not come back in my lifetime.  $20 billion is too […]
thestatedtruth.com | July 2, 2010
By Tyler Durden on 07/02/2010Â Â Â Zero hedge The decoupling theorists are about to experience a second smack down in 3 years. After the biggest bubble of 2008 blew up spectacularly and made beggars out of the Greek CEOs of various dry bulk shippers, only to see their fortunes go back to unchanged again, it looks […]
thestatedtruth.com | July 2, 2010
Gold and gold stocks look absolutly terrible, so this makes a lot of sense! The Hulbert Financial Digest has been tracking this kind of thing for over 30 years.  Friday July 2, 2010 ANNANDALE, Va. (MarketWatch) — Gold’s huge drop on Thursday is not the beginning of a new major leg down for the […]
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 […]
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 […]
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 […]
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 […]
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 […]
thestatedtruth.com | June 20, 2010
 Everyone should read this!  Cumberland Advisors  Oil Slickonomics  Part 8 – Chemotherapy in the Gulf of Mexico  June 20, 2010 “Plaquemines Parish President Billy Nungesser was out on Terrebone Bay at the break of dawn with his new industrial strength, compressed air-powered vac. Within 15 minutes, he said his crews had […]
thestatedtruth.com | June 19, 2010
By JENN SAVEDGE Â Mother Nature Network (mnn.com) Five years ago, Sprint erected an 85-foot cell phone tower in the middle of California’s Vista Del Monte Elementary school. At the time, Sprint studied the tower’s structural safety and an initial power reading, but since then teachers and students have become increasingly concerned about the tower’s […]
thestatedtruth.com | June 19, 2010
Can burning oil be ‘environmentally friendly’? At current crude-oil prices, that burn rate suggests that $700,000 worth of petroleum is going up in smoke every day. Admittedly, it’s not your usual “smoke.” BP is using in a smokeless atomizing burner that is supposed to be more environmentally friendly than the usual equipment. However, the EverGreen […]
thestatedtruth.com | June 17, 2010
#1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used “as needed” by state governors. So what are all of these National Guard troops going to be doing exactly? Are the troops going to be used to stop the oil or to control the […]
thestatedtruth.com | June 17, 2010
Submitted by George Washington   06/17/2010  → Washington’s Blog The Deepwater Horizon blew up on April 20th, and sank a couple of days later. BP has been criticized for failing to report on the seriousness of the blow out for several weeks. However, as a whistleblower previously told 60 Minutes, there was an accident […]
thestatedtruth.com | June 16, 2010
Bloomberg — Matthew Simmons, founder of the Ocean Energy Institute, talks with Bloomberg’s Lori Rothman about BP Plc’s oil leak in the Gulf of Mexico and his view that the use of a “small-bore nuclear device” is now the “only option” to stop the flow of oil. Listen to this news interview……unbelievable.  Click below: http://video.godlikeproductions.com/video/Simmons_Says_Nuclear_Device_Only_Option_to_Stop_Oil_Flow
thestatedtruth.com | June 16, 2010
From Jeff Rense.com ……………… The magnitude and impact of this disaster will eclipse anything we have known in our life times if the worst or even near worst happens… Contrary to what most of us would think as logical to stop the oil mess, actually opening up the gushing well and making it gush more […]
thestatedtruth.com | June 16, 2010
So much for PEAK oil, we scooped this days ago, now the U.S. government is raising its numbers, it may well be the largest oil well in the history of the world, who would have thunk it!     “This is a phenomenal formation that they drilled into.â€Â         said Ian MacDonald, an oceanographer at Florida State University….Exceptional Gulf of Mexico […]
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