thestatedtruth.com | May 25, 2011
We’ll give you one guess on who these “Dark Forces’ are…..yep, one guess. If you said it’s the too big to fail banks or financial institutions, indirectly (through political lobbyists) then you’re guess is in agreement with our guess, and you get a brownie button! Treasury Secretary Timothy F. Geithner said “dark forces†are waging a “war of […]
thestatedtruth.com | May 25, 2011
So…what happened to all of the buyers….Auh,  looks like they must have figured it out, smartened up, that the government was manipulating and artificially maintaining the markets higher with low interest rates and first time buyer credits along with Fannie Mae lost leader loans, etc. and through the puppet strings of the banks that are given privileged favors from the […]
thestatedtruth.com | May 23, 2011
Ash covered small towns on Iceland’s southeast coast immediately following the eruption. On May 22 a dark cloud of ash reached Reykjavik, prompting city officials to warn people with asthma or other breathing disorders to stay indoors. “Everything is pitch-black,†Gudmundur Vignir Steinsson, a gas-station owner in Kirkjubaejarklaustur, about 75 kilometers from the volcano, said […]
thestatedtruth.com | May 23, 2011
A giant predicament for Europe with NO possible good outcome! By Andrew Lilico It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card†it employed to […]
thestatedtruth.com | May 23, 2011
So, what does this report say about the U.S. middle class consumers? Yep….They’re broke without a credit card handy! Unbelievable. Only 24.9% of U.S. citizens could definitely come up with $2000 if they needed to in 30 days, according to a new paper from the (NBER) National Bureau of Economic Research (via WSJ.com).Another 25.1% said they […]
thestatedtruth.com | May 22, 2011
April set a new U.S. record with over 600 tornadoes breaking the old April record of 267 tornadoes in 1974.  The  monthly all time record of 542 tornadoes was set in May 2003 and was also broken in April 2011. Clif High in a recent report (The Shape Of Things To Come) said to expect unusual hurricane force tornadoes […]
thestatedtruth.com | May 22, 2011
The American Petroleum Institute just released figures for April, and reported U.S. fuel consumption rose by 5.2% compared to one year earlier.  Hmm, guess the higher the price, the more we drive….NOT
thestatedtruth.com | May 22, 2011
One has to respect Jim Grant’s views….we couldn’t have said it better ourselves! From AP: A graduate of Indiana University, Grant, 64, was a Navy gunner’s mate before starting his journalism career at the Baltimore Sun in 1972. He then joined the financial weekly Barron’s before starting Grant’s Interest Rate Observer in 1983. As stocks […]
thestatedtruth.com | May 21, 2011
Lakshman Achuthan, founder and managing director of the Economic Cycle Research Institute (ECRI), is calling for a slowdown in global economic growth by this summer. Based on our Long Leading Index of global industrial growth, we expect a downturn to start by summer. Beforehand, prominent shorter-leading indicators of industrial growth, like JoC-ECRI industrial commodity price […]
thestatedtruth.com | May 21, 2011
Our society is changing, so maybe we need to pay attention to this……..says Knox College psychologist Tim Kasser, author of “The High Price of Materialism.”  Recognize the real benefits of wealth — freedom and flexibility — and don’t let the pursuit of its illusory trappings interfere with your ability to reap those rewards. Debt is slavery: “The […]
thestatedtruth.com | May 19, 2011
All we can say is speak for yourself big guy…..the average American was led over a cliff by the Big Banks (too big to fail), the Federal Reserve and the U.S. Government which was chasing growth at any cost. And they still are!   Geithner, in early 2009 succeeded Paulson as treasury secretary.  Geithner: In […]
thestatedtruth.com | May 19, 2011
There is a crisis going on in Europe….and it’s getting worse by the day! Â Protests have been raging in Spain since Sunday, May 15. The one we’ve been seeing pictures of is in Madrid, in the famous Puerta del Sol. But there were protests in 60 different locations on Sunday, and they’re still raging […]
thestatedtruth.com | May 17, 2011
Ever hear the song…..”Here She Comes” ……… Meredith Whitney is back in the news saying that we are looking at an economic sink hole for state governments. She says expenses are near the highest they’ve ever been. We have seen state and local government spending grow by 65% over the last 10 years but tax receipts have grown only by […]
thestatedtruth.com | May 17, 2011
U.S. Housing Starts Unexpectedly Fell in April Surprising Analysts…..We’re wondering what’s so unexpected about it? Work began on 523,000 houses at an annual pace, down 11 percent from the prior month and less than the 569,000 median forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Building permits, […]
thestatedtruth.com | May 16, 2011
So here’s the real question…..is any kind soul going to bother pulling your stupid dumb ass out of this precarious spot you’ve put yourself in! Sort of reminds us of the U.S. debt situation, kind of stuck between a rock and a hard place trying to raise the debt ceiling.
thestatedtruth.com | May 16, 2011
Announcing a $2.2 billion first quarter loss for 2011, the U.S. Postal Service warned it would become insolvent unless Congress takes action……So, hey sunshine, how much do you need.  Answer: No end in site, how many billions can you give us?  So, we’ll go with this…why not package up the Post Office, Fannie Mae, Freddie […]
thestatedtruth.com | May 16, 2011
It tells us that the Japanese nuclear reactor survived the quake some how, but surprisingly not the tsunami.   Maybe the U.S. economy survived the banking and real estate crisis, but gets crushed by the (floods,debt crisis,weather,currency crash, oil shortage, etc….?), we’ll likely know by fall!  TEPCO admits nuclear meltdown occurred at Fukushima reactor 16 hours after […]
thestatedtruth.com | May 14, 2011
Haven’t  heard much from legendary investor Stanley Druckenmiller since last August when he decided to shut down his Duquesne Capital hedge fund (Druckenmiller rarely does interviews). Until now that is! He joins PIMCO on a crusade against the Fed and thinks that U.S. debt is soaring out of control…..the timing couldn’t be better! From the WSJ:“Mr. […]
thestatedtruth.com | May 14, 2011
Geithner said in a letter dated May 13,2011 to Sen. Michael Bennet, D-Colo…..“A default on Treasury debt could lead to concerns about the solvency of the investment and financial institutions that hold Treasury securities in their portfolios, which could cause a run on money market mutual funds and the broader financial system,†. The Fed is trying […]
thestatedtruth.com | May 12, 2011
Here is a picture that explains everything. For the U.S. to grow its way out of current problems, it will require monumental new debt creation….from which we are already buried! But by the looks of things, most governments are going to try anyway. To put things in perspective, in order for the 2010 decade to mirror, match, or in […]
thestatedtruth.com | May 12, 2011
Eric Sprott of Sprott Asset Management….. making headlines at SALT (Sky Bridge Alternatives  Conference) in Vegas: SPROTT SAYS GOLD IS NOW THE WORLD’S RESERVE CURRENCY SPROTT SAYS SILVER WAS `MANIPULATED’ DOWN IN PRICE SPROTT SAYS PEOPLE IN IRELAND, GREECE ALREADY FLEEING BANKS SPROTT SAYS SAVERS WILL FLEE BANKS TO PUT MONEY INTO GOLD
thestatedtruth.com | May 12, 2011
Among other things, Dinan says……“The lessons of ‘07 and ‘08 are totally forgotten,†Dinan warned. “The thinking that ‘I won’t be left behind when the music stops.’ That’s very dangerous thinking.†  Jamie Dinan, York Capital: Banks Jamie Dinan, founder of $17 billion hedge fund York Capital Management LP, talks about financial stocks. “The amount of […]
thestatedtruth.com | May 12, 2011
Guess it’s starting to matter how much it costs to fill up all those old SUV’s still on the road……………….. U.S. demand for gasoline fell by the largest amount in seven weeks — a signal that consumers are conserving money as gas prices near a national average of $4 a gallon.
thestatedtruth.com | May 10, 2011
So…..the U.S. has gone trillions, yes trillions of dollars in debt for what? Uh….an economic recovery that has only matched inflation (yes we know, the government says there is no inflation), or let’s just call it an economy that has gone virtually nowhere. And the only way to get more growth at this point is to add […]
thestatedtruth.com | May 9, 2011
The U.S. is in the midst of a “zombie consumer” generation that will dent GDP growth for years to come, according to Citi and Yale’s Stephen Roach (via The Globe and Mail). Â And who is responsible for leading the sheep down this road, yep……good old uncle sam! Speaking in Toronto, Roach said that the […]
thestatedtruth.com | May 9, 2011
Interesting subject matter….exploding demand from smartphones will soon overwhelm the nation’s wireless capacity. So, what’s the FCC’s plan to fix this imminent spectrum wipe out?  Something called “Incentive Auctions,” which lets the owners of old, under-used spectrum–TV and radio broadcast spectrum, for example–put the spectrum up for auction and get a portion of the proceeds. This […]
thestatedtruth.com | May 6, 2011
The nation’s capital continues to head a list of the top cities for finding work. The rankings are based on the latest job market competition ratings from www.Indeed.com. The ratings compare the number of people looking for work with the number of advertised positions in a given area. Here are the 10 cities with the […]
thestatedtruth.com | May 5, 2011
This from The Hill……If it isn’t a plan, then why float it!  Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations. The Obama administration has floated a transportation […]
thestatedtruth.com | May 4, 2011
This long down period makes sense….everybody is hoping for the best, but demographics and many other things point to a very negative period ahead for real estate. Can Americans cope with a 10 to 15 year bear market in real estate? On this front there is good news, and bad news. The bad news is that we are likely […]
thestatedtruth.com | May 4, 2011
Not surprisd…… DETROIT (WWJ) – According to a new report, 47 percent of Detroiters are  â€functionally illiterate.†The alarming new statistics were released by the Detroit Regional Workforce Fund on Wednesday.
thestatedtruth.com | April 30, 2011
From The Wall Street Journal….Retirement annuities, may not be such a good idea after all, especially now. Read on! Turmoil in the stock market. Paltry interest rates at the bank. What are the newly retired to do? Many are taking a look at buying a fixed annuity instead. These products let you swap a lump […]
thestatedtruth.com | April 28, 2011
Reality check for the government talking heads……are things really as good as they think. From Reuters: An April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. 29 percent said the economy is in a depression and 26 percent said it is in a recession, with another […]
thestatedtruth.com | April 28, 2011
What’s wrong with this picture….McDonalds has one million new job applications which is two and a half times more applications then it has total workers employed by its company owned stores! Geez….  Bloomberg: McDonald’s and its franchisees hired 62,000 people in the U.S. after receiving more than one million applications, the Oak Brook, Illinois-based company said today […]
thestatedtruth.com | April 28, 2011
Nothing to worry about for now…as long as all these recently subsidy-free individuals aren’t paying their mortgage and the banks aren’t enforcing payment….all is well, sort of…. but eventually that roof will go away! It’s probably worse, that’s because the government has so many seasonal adjustments now days that it tends to make things seem better then they really […]
thestatedtruth.com | April 28, 2011
A sign of the (hard) times……..despite what the government portends! The head of Wal-Mart’s U.S. operations warned Wednesday talking to USA Today….”Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried. “We’re seeing core consumers under a lot of pressure,” […]
thestatedtruth.com | April 28, 2011
The U.S. economy grew at a slower pace than forecast, surprising many in the first quarter as government spending declined by the most since 1983. Gross National Product prints 1.8% down from consensus of 2.0% which had multiple negative revisions. Economists were unanimous by a record amount, in a poll….. that things were going to be dynamically better and […]
thestatedtruth.com | April 27, 2011
For the first time since the Great Depression, households are receiving more income from the government than they are paying the government in taxes. The combination of more cash from various programs, called transfer payments, and lower taxes has been a double-barreled boost to consumers’ buying power, while also blowing a hole in the deficit. […]
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