New Home Sales Are On A Ski Slope Downward!
thestatedtruth.com | June 23, 2010
Fed Leaves Rates Unchanged, Citing Overseas Threats to U.S. Growth
thestatedtruth.com | June 23, 2010
So now they tell us…….hasn’t this been ongoing for some time?  By CHRISTINE HAUSER Published: June 23, 2010 The Federal Reserve’s policy-making arm said on Wednesday that it had decided to keep short-term interest rates near zero for “an extended period†in light of continuing threats to economic growth, including “developments abroad.†The announcement […]
U.S. Strikes Back: Interior Secretary To Issue New Moratorium On Offshore Drilling In More Than 500 Feet…….
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 […]
New Brainstorm At Fannie Mae
thestatedtruth.com | June 23, 2010
Fannie Mae To Deny New Mortgages To Deadbeats 06/23/2010  According to Dow Jones, bankrupt GSE Fannie Mae, announced “it won’t back new mortgage loans for seven years for homeowners who walk away from their mortgages although they were able to pay or did not seek a workout in good faith with their lender.” “”We’re […]
Coast Guard Reports Problems Occurred In The Containment Effort
thestatedtruth.com | June 23, 2010
Something Broke: Containment Cap Removed From BP Oil Leak After Problems Encountered; Large Increase In Spill Rate…… By Tyler Durden on 06/23/2010 The U.S. Coast Guard said there may be 2 deaths, but the oil flow is not completely unrestrcited, and some oil was being burned off on the surface. More at: www.zerohedge.com Click on image for […]
George Soros Speaks About Europe…..
thestatedtruth.com | June 23, 2010
As a general rule, what’s bad for Europe is usually bad for the U.S. eventually! Billionaire investor George Soros said continental European banks haven’t been “properly cleansed†after the credit crisis because they haven’t marked the value of their holdings to market prices. “The current crisis is more a banking crisis than a fiscal one,†[…]
CalPERS Unlucky Again
thestatedtruth.com | June 22, 2010
I guess we could say CalPERS (California Public Employees’ Retirement System) is just plain unlucky….either that or they’re plain stupid. Maybe a little of both. After dropping a quarter of the value (and that’s being generous, it may be greater) of its $200-billion portfolio during the recession of 2008 and 2009, the country’s largest public pension fund is […]
Bad News Blues For British Consumers….Osborne Increases U.K. Value-Added Tax Rate to 20%
thestatedtruth.com | June 22, 2010
June 22, 2010  By Andrew Atkinson June 22 (Bloomberg) — British Chancellor of the Exchequer George Osborne increased the value-added tax rate to 20 percent from 17.5 percent in the first permanent change to the levy on sales of goods and services in almost two decades. “The years of debt and spending make this unavoidable,†[…]
Wall Street Buyers Beware…. Lunar Eclipse This Weekend.
thestatedtruth.com | June 22, 2010
This mention from Art Cashin, Cashin’s Comments from the floor of The New York Stock Exchange………. That Looming Weekend Cycle – We mentioned last week that there was a bit of a buzz around the floor about a cycle of some kind that was to kick in this coming weekend. We nosed around trying to get […]
Statfor…….Germany and Russia Move Closer
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 […]
1.2 Million Partnerships Own Over $1 Trillion In Commercial Real Estate. Too Big To Fail Dumping CRE Debt.
thestatedtruth.com | June 21, 2010
The problems for commercial real estate are deep and significant and have the potential of stifling any sort of recovery. Rather than looking at commercial real estate (CRE) as a reason for more stimulus or bailouts the question should examine why so many CRE locations are defaulting. Can this be a sign that demand for […]
Budget Crisis Leaves Los Angeles’ $74 Million Jail Empty
thestatedtruth.com | June 21, 2010
Gross overcrowding in one jail and no money to staff the other one  By JOHN ADAMS The brand new, state-of-the-art Metropolitan Detention Center remains empty because the cash-strapped Los Angeles Police Department lacks the funds to staff it. The $70 million, 172,000-square-foot, five-floor structure jail is one of the largest of its kind, but […]
British Petroleum…….. Gulf Oil Well Update……..Concerns About The Potential For Blowout In The Underground Portion Of The Well
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 […]
Pension Payback Time…In Budget Crisis, States Take Aim at Pension Costs
thestatedtruth.com | June 20, 2010
By MARY WILLIAMS WALSH Posted June 20,2010 Many states are acknowledging this year that they have promised pensions they cannot afford and are cutting once-sacrosanct benefits, to appease taxpayers and attack budget deficits. Gov. Pat Quinn said an overhaul would save Illinois’s pension system $300 million in its first year. But the fund is weakened. […]
12 American Warships, Including One Aircraft Carrier, And One Israeli Corvette, Cross Suez Canal On Way To Red Sea And Beyond
thestatedtruth.com | June 20, 2010
Submitted by Tyler Durden on 06/19/2010Â Â Zerohedge.com Update: It appears the Aircraft Carrier crossing the Suez is the USS Harry Truman, under the control of Herman “Herm” Shelanski, who is quoted by aish.com as saying “I understood that the strength of the United States is directly proportional to the safety of Israel.” Arabic newspaper Al-Quds […]
BP Internal Document To Congress….Internal BP Document Confirms Matt Simmons’ Worst Case Prediction Of Spill Rate Of 100,000+ Barrels Per Day
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 […]
Cumberland Advisors – Oil Slickonomics Part 8
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 […]
California School Launches Cell Tower Study About Electromagnetic Effects On Health As Cancer Rates Skyrocket
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 […]
In The Gulf Of Mexico, Progress Is Being Made
thestatedtruth.com | June 19, 2010
More ships are on the way…… Sometime in the next 10 days, the Helix Producer processing ship is due to arrive on the scene – and start pumping up 20,000 to 25,000 barrels (840,000 to 1.05 million gallons) of oil daily from yet another line connected to the Gulf of Mexico well’s broken blowout preventer. […]
In The Gulf Of Mexico, The EverGreen Burner, $700,000 Worth Of Petroleum Goes Up In Smoke Every Day But Is Seen As The “Safest Option”
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 […]
The Countries With The Most Billionaires
thestatedtruth.com | June 19, 2010
Greenspan Says U.S. May Soon Reach Borrowing Limit
thestatedtruth.com | June 18, 2010
By Jacob Greber        June 17, 2010 Former U.S. Federal Reserve Chairman Alan Greenspan testifies at a hearing of the Financial Crisis Inquiry Commission in Washington. Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift†in fiscal policy to contain […]
Medvedev Sees Chance For New World Order….Russia Pushes for New Reserve Currency
thestatedtruth.com | June 18, 2010
By Catherine Belton, Charles Clover and Courtney Weaver in St Petersburg Published: June 18 2010 Dmitry Medvedev, the Russian president, said Moscow was bidding to help lead efforts to build a new world economic order after the old system collapsed in the global financial crisis. Opening Russia’s annual economic forum in St Petersburg where hundreds […]
Letter From The President To G-20 Leaders
thestatedtruth.com | June 18, 2010
From President Obama: Letter from the President to G-20 Leaders Our highest priority in Toronto must be to safeguard and strengthen the recovery. We worked exceptionally hard to restore growth; we cannot let it falter or lose strength now. This means that we should reaffirm our unity of purpose to provide the policy support necessary […]
16 Burning Questions About The Gulf Of Mexico Oil Spill That
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 […]
Hmm….From Washington’s Blog, Did the BP Oil Well Really Blow Out in February, Instead of April?
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 […]
Stratfor…..Watching for Watchers
thestatedtruth.com | June 17, 2010
Watching for Watchers June 17, 2010 By Scott Stewart In last week’s Security Weekly we discussed how situational awareness is a mindset that can — and should — be practiced by everyone. We also described the different levels of situational awareness and discussed which level is appropriate for different sorts of situations. And we noted […]
The Changing Face Of The American Experience
thestatedtruth.com | June 17, 2010
   The Dow Jones Industrial Average added five points yesterday to close at 10,409 – almost exactly where it closed eleven years ago. Amidst giddy fanfare and high fives, the Dow closed above 10,000 for the very first time on March 29, 1999. One month later, amidst even giddier fanfare and high fives, […]
BP’s Oil Leak In The Gulf Of Mexico….. Matt Simmons, Of The Ocean Energy Institute Says That The Use Of A “Small-Bore Nuclear Device” Is Now The “Only Option” To Stop The Flow Of Oil.
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
More On The Gulf Of Mexico Oil Well Blow Out…..You Won’t Read About This Just Anywhere
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 […]
George Soros Says That Europe To Have New Recession Next Year
thestatedtruth.com | June 16, 2010
So,  how far behind is the U.S. …………Europe faces almost inevitable recession next year and years of stagnation as policymakers’ response to the euro zone crisis causes a downward spiral, billionaire U.S. investor George Soros said on Tuesday and “The commercial paper market, for instance, in America is now refusing to lend to European banks […]
It Just Keeps Getting Bigger and Bigger…..U.S. Ups Estimates And Potential Damages…BP Gulf Well Gushing As Much As 60,000 Barrels A Day.
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 […]
One More In Trouble…..San Diego May Use Bankruptcy To Roll Back Benefits
thestatedtruth.com | June 16, 2010
 Commentary by Joe Mysak June 16 (Bloomberg) — The city of San Diego should consider Chapter 9 municipal bankruptcy to help it reduce fringe benefits, pension and health obligations. That’s one of the suggestions made by the San Diego County Grand Jury, which does the normal duties of recommending indictments as well as reporting […]
Housing Data Continues To Disappoint
thestatedtruth.com | June 16, 2010
By James Picerno       Jun 16, 2010 The markets told us that there were problems in May, and as the economic data rolls in there’s no reason to think otherwise. Today’s numbers on housing starts and new building permits certainly suggest that the economic recovery struggled last month. The question is whether the change is temporary, […]
Still Not Enough…….BP Suspends Dividends, Sets Aside $20B to Pay Damages
thestatedtruth.com | June 16, 2010
Jun 16, 2010 Oil giant BP (BP) said Wednesday it agreed to set aside $20 billion as part of its commitments to compensate victims of the Gulf oil spill. BP will initially make payments of $3 billion in the 3rd’Q and $2 billion in the 4th’Q. These will be followed by a payment of $1.25 […]
High Default Rate Seen For Modified Mortgages
thestatedtruth.com | June 15, 2010
Among those who have loans that aren’t backed by any federal agency, the re-default rate within 12 months is likely to be 65% to 75% under the Obama administration’s Home Affordable Modification Program, according to a report from Fitch Ratings.
U.S. Identifies Vast Mineral Riches In Afghanistan
thestatedtruth.com | June 15, 2010
A bleak Ghazni Province seems to offer little, but a Pentagon study says it may have among the world’s largest deposits of lithium. By JAMES RISEN Published: June 13, 2010 WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to […]
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