thestatedtruth.com | June 15, 2011
It’s a sign of the times and also why generations of workers are screwed for as far as the eye can see….main street Jack and Jill see little if any government stimulus drift down to him or her. It’s the sad but real truth. The better question though is ….How do we fix this? The common answer from the […]
thestatedtruth.com | June 13, 2011
The price of everything is going up….only a dumb bell doesn’t believe we have inflation! And the biggest dumb bell of them all….uh, who is that over there in line, Uncle Sammy….is that you? As the summer tourist season begins, the Walt Disney Co. announced an increase in ticket prices at Walt Disney World Resort in Orlando […]
thestatedtruth.com | June 13, 2011
Greece goes down, just a matter of when! The Greece bonds are now considered junk by rating standards. The big question is does Greece take down the whole Euro complex? Greece was branded with the world’s lowest credit rating by Standard & Poor’s, which said the nation is “increasingly likely†to face a debt restructuring and the […]
thestatedtruth.com | June 13, 2011
We’ve just had 100 year floods, now it looks like we have the 100 year drought………About 94 percent of Texas was in a state of severe, extreme or exceptional drought as of June 7, according to the U.S. Drought Monitor compiled by the U.S. Agriculture Department and the National Drought Mitigation Center. The October-through-May period was […]
thestatedtruth.com | June 11, 2011
Fat chance of this debt ever getting cut in a timely manor other then by default! Debt is the reason that the world goes into another recession or controlled depression at some point! Just a matter of time. $26,172 isn’t some magic number, it’s the amount of debt the average U.S. household would need to cut to […]
thestatedtruth.com | June 9, 2011
About a year ago Zero Hedge posted an article…..”Record Number Of Americans Using Retirement Funds As Source Of Immediate Cash” after a report by Fidelity uncovered that “plan participants with loans outstanding against their 401(k) accounts had reached 22 percent versus 20 percent a year earlier.” Well guess what? The new number is now 30% […]
thestatedtruth.com | June 9, 2011
Household wealth in the U.S. climbed by $943 billion in the first quarter of 2011 according to the Federal Reserve’s flow of funds report out of Washington,  as rising stock market share prices outstripped declines in home values. From the peak in June 2007 to the low in 2009 the losses from all asset groups combined were -24.9% of assets. As of […]
thestatedtruth.com | June 8, 2011
Bill Gross has been on a roll talking about this……….Governments such as the U.S. are intentionally keeping interest rates artificially low to help reduce record debt levels, setting up investors up for a “pocket picking.†The U.S. has done little to reduce the size of the excess liabilities accumulated, Pimco wrote in what it called […]
thestatedtruth.com | June 7, 2011
You won’t hear this from the government…..the gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product. From USA Today: The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY […]
thestatedtruth.com | June 6, 2011
Is an education really worth the cost? In many cases the answer is YES, but in many other cases the answer is NO, and especially involving  “for profit trade schools”! The cost of education is becoming onerous and student loans are littered with financial landmines. Many are given to students to attend for-profit schools that will yield very […]
thestatedtruth.com | June 6, 2011
So, what’s  in a AAA ranking? Triple AAA rankings are the highest mark given to companies considered to be the lowest risk investments. It means “Prime Maximum Safety” and they are assigned by S&P and Fitch. Rankings from other rating agencies use a slightly different labeling system, such as Aaa used by Moodys but it represents basically the same thing. In the early 1970s, about 60 […]
thestatedtruth.com | June 5, 2011
What are the two things about getting older that stand out on the chart below…….Yep, health care costs and health insurance lead the way in cost inflation for retirement age people. The  comparison is to when they were ten years younger…..gasoline is in third place and drugs are fourth. Nothing else is even close in terms of cost […]
thestatedtruth.com | June 4, 2011
Here we go with a summary of earnings details per household as of May 2010 (it hasn’t changed much since). We repeat….we’re talking earnings details in this missive not wealth or net worth. 40% of US households make below $36,000 60% make below $57,000 80% make below $91,750 95% making below $165k 98% making less than $250,000 […]
thestatedtruth.com | June 4, 2011
This is the global wealth pyramid……in U.S. dollars. Basically only 8% of the WORLD population has $100,000 dollars or more of net worth! Put another way, 92% of the world population has less then $100,000 in total wealth.Â
thestatedtruth.com | June 3, 2011
Hmm….So whom might we ask, bought all this crap? How about the U.S. Federal Reserve…it’s as good a guess as any! And most people probably didn’t think (the) markets were rigged….shame on them! China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to […]
thestatedtruth.com | June 3, 2011
According to Zero Hedge, take away the Birth/Death adjustment of 206,000 in the chart below and the real number is: -150,000. This is a big  monthly B/D adjustment.  If the McDonalds addition of 62,000 part-time jobs be added to the May number, the economy really lost over 200,000 jobs in May. More government hocus pocus!   PS….the reason for the big […]
thestatedtruth.com | June 3, 2011
So this is what the government proudly calls a recovery…..after spending trillions of borrowed dollars! New all time records for the charts below. www.zerohedge.com
thestatedtruth.com | June 2, 2011
This is called “the new normal”…..and it will change everything in our lives!  A typical recovery pattern goes like this: the stock market bottoms, economic growth bottoms and then hiring and wage increases return. What’s unique and likely a leading indicator about this recovery is that the last piece of the recovery is not there.  Squeezed on both sides by […]
thestatedtruth.com | June 2, 2011
Heads up comments from the one and only….Art Cashin on the floor of The New York Stock Exchange. China Drought Worsens, Possibly Putting Pinch On Profits, Populace And Maybe The Government – As we noted last week, new pressures appear to be accelerating in China. Not the least of these is the worsening of the […]
thestatedtruth.com | June 2, 2011
This new super bug (we’re not talking Volkswagon) is a doozer. The good news is….the incubation period for this type of E. coli is about three to eight days. It has become the deadliest outbreak of the bacteria on record and is causing kidney failure in unprecedented numbers according to U.S. health officials. At least 16 […]
thestatedtruth.com | June 1, 2011
Chris is one of the top real estate and banking minds for institutional money. Chris Whalen of Institutional Risk Analytics: “If we do not see a meaningful recovery in home prices by the end of the year, we may need to contemplate impairment charges on first liens owned by banks and wholesale write-downs of second […]
thestatedtruth.com | May 31, 2011
Read this story with a strong sense of doubt. Question each motive and the why and by whom. Then remember what you read just in case it turns out to be right! There are stories out and about, and some even seem believable as they challenge the logic that there isn’t much gold in Fort Knox. To the practical effects on the global economy, should […]
thestatedtruth.com | May 31, 2011
From the Wall Street Journal. These are ridiculous numbers, no society can operate for long with so such concentrated wealth, this will have to change…….The world’s millionaires represent 0.9% of the world’s population but control 39% of the world’s wealth, up from 37% in 2009. Those with $5 million or more represent 0.1% of the […]
thestatedtruth.com | May 31, 2011
An all time record new high……44.199 million people on food stamps and counting, during an economic recovery! Geez  Courtesy of John Lohman
thestatedtruth.com | May 30, 2011
Could computer hackers take down the world financial system and other critical infrastructure, or start a world war….it’s an interesting question. This from the Wall Street Journal: WASHINGTON—The Pentagon has concluded that computer sabotage coming from another country can constitute an act of war, a finding that for the first time opens the door for […]
thestatedtruth.com | May 30, 2011
Robert Reich is a well qualified guy……we agree with most everything he says, politics aside to stay objective of course! Reich: During the Great Prosperity the American middle class saved about 9 percent of their after-tax incomes each year. By 2008, Americans saved nothing, and the typical American owed 138 percent of their after-tax income. The fundamental […]
thestatedtruth.com | May 30, 2011
We’ve had some very smart people talk pointedly about this lately…..In an almost verbatim repeat of Carl Icahn’s words of caution which were noted recently, Templeton’s legendary chairman Mark Mobius said that “another financial crisis is inevitable because the causes of the previous one haven’t been resolved.” And we would venture, that’s official! The total value of […]
thestatedtruth.com | May 30, 2011
Nuclear free Germany….We’ll believe it when we see it. This may take many twists and turns before 2022! Thorium anyone?  So, Germany rids themselves of nuclear power by 2022, but their surrounding neighbors don’t follow.  Germany would still suffer consequences concerning any nuclear reactor meltdown else where in Europe, and there are a lot of nuclear power plants […]
thestatedtruth.com | May 29, 2011
Poor babies! The data is before Edward Kennedy died, but still relevant!
thestatedtruth.com | May 29, 2011
thestatedtruth.com | May 29, 2011
Dvid Kotak: Greece is about to blow up. Black butterfly fear plagues the Eurozone’s banking system. Can Greece take down all of Europe! Well, they’re going to try.   We like this part of the review below, Will Roger’s old adage applies: “If you find yourself in a hole, stop digging.â€Â Cumberland Advisors Les Papillons Noirs […]
thestatedtruth.com | May 28, 2011
Hmm….an interesting concept. Thorium has numerous innate advantages. One is that it doesn’t produce weaponizable byproducts, but it’s also true that the nature of the metal is such that it produces safer reactors. It burns at a lower temperature, and there’s also a great deal of it around. The thing to remember is that thorium […]
thestatedtruth.com | May 28, 2011
 The road ahead is getting narrower by the day! A Look at the Coming 6-Year Cycle Peak By: Clif Droke The year 2011 to date has seen its share of ups and downs in the financial market, yet nothing like the volatility of 2010 has made its appearance. With an important long-term yearly cycle scheduled […]
thestatedtruth.com | May 28, 2011
Jim’s dad traded with Jessie Livermore, the most famous of all stock traders, so we would venture that Jim Sinclair knows a thing or two about trading himself. In fact he may well be the most successful Gold trader of all time! The risk of not stimulating is stagflation at a spiritual level. The risk of […]
thestatedtruth.com | May 27, 2011
There will be riots around the world if bad weather continues to dilute food crops.  This has the potential to be a world wide problem as spring turns to summer. The realization will come by fall if farm harvests turn to dust in the wind ! So, what happens if we have a decent harvest?….Aah then consider us to be lucky and food inflation may be […]
thestatedtruth.com | May 26, 2011
Drastic cuts in expenditures would put the world, not just the U.S. in the mother of all depressions! The U.S. is in what we would call a “Pickle”, come to think of it so is Europe. Can’t win no matter what! So what happens then…hopefully we muddle along until the next financial crisis comes along, […]
thestatedtruth.com | May 26, 2011
Here are some of his key points….Policymakers have embraced initiatives designed to boost asset prices, divorcing them from economic fundamentals.  The impact on Main Street has fallen well short of expectations. Interest rates have been repressed. The dollar has also seriously weakened. The net effect has been a double edged sword. “Good†asset price inflation has […]
thestatedtruth.com | May 26, 2011
Does anyone really doubt that the markets (Bonds,Stocks and Real Estate) are not an artificial rig job! In the past that wasn’t the case.  But times have changed. We guess desperate times call for desperate measures. Hmm. So here it is again: a secret bailout program used to “rip” the peasantry by the entitled kleptocrats, which nobody thought would […]
thestatedtruth.com | May 25, 2011
From King World News……Michael Pento Of Europacific Capital…non-financial debt as a percentage of GDP is now 244%, it has never been higher! QE2 is done, if interest rates rise it’s game over.  “I just want to highlight some things that Jim Bullard said (President of the St. Louis Federal Reserve): You have to remember that he […]
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