thestatedtruth.com | March 31, 2011
Wait a minute, hasn’t the government been saying inflation wouldn’t be a problem?  Yes, they have… it won’t be the first time that they’ve lied to us. Food shortages are coming this summer……along with serious price increases. U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned […]
thestatedtruth.com | March 30, 2011
Some sound advice….It’s going to be a long negative haul for housing and there is nothing on the horizon, such as an improving economy, lower unemployment, or climbing wages to stem the flow. There were simply too many homes built during the boom phases at affordability rates that didn’t make sense. Those who can afford to […]
thestatedtruth.com | March 29, 2011
Robert Shiller today said that inflation adjusted economic statistics are clearly in the double dip.  U.S. single family home prices fell for the seventh month in a row in January, according to the S&P/Case-Shiller index of prices.  In four cities, prices were at their lowest for 11 years, with the overall index down 0.2% between December […]
thestatedtruth.com | March 29, 2011
We’ve been looking for big changes in Cuba, and in fact we know of a particular person that went to Cuba to visit relatives recently and has returned back to the U.S., He says things are turning for the better, it’s definitely different. One thing is for certain, the money will pour into Cuba when the […]
thestatedtruth.com | March 29, 2011
News is leaking out of Japan on the nuclear reactors, no pun intended…..General Electric experts are talking of a blob of nuclear lava as an end result of a total melt down on unit 2 which appears to be a total loss. If true, the “experts” say it should take away the risk of explosion! Workers […]
thestatedtruth.com | March 28, 2011
They gotta be kidding…… Nope                                                          Question: Why can’t Japanese electrical power be moved around such a small country? Answer:  Electrical power can’t be moved for a simple, stunning reason. The northern half of Japan uses 100 volt, 50 hertz (cycles per second) electricity and the southern half uses 100 volt, 60 hertz. If you pump 60 hertz […]
thestatedtruth.com | March 24, 2011
Our only questions is: Why is this drop unexpected? Orders for long-lasting goods unexpectedly fell in February, raising concern over the sustainability of the rebound in U.S. business investment. Bookings for goods meant to last at least three years dropped 0.9 percent after a 3.6 percent gain the prior month that was larger than initially […]
thestatedtruth.com | March 23, 2011
We have world changes in the Middle East. We have peak oil production. We have inevitable hyperinflation. But all the attention is currently on Japan,  as markets forget the growing foundation of international dislocation. Stay focused…… Stay disciplined. www.jsmineset.com
thestatedtruth.com | March 23, 2011
Of course nobody is going to own up to it…….The Coast Guard has yet to put forth an official estimate of the volume of crude that has made landfall, but Mr. Edwards said that it “appears to be more than a few gallons of oil.” HOUSTON — The U.S. Coast Guard said Wednesday that oil […]
thestatedtruth.com | March 23, 2011
Well, records are made to be broken…..At just 250,000 annualized, this was the lowest annualized new home sales number ever. The government continues to say we have a recovery, they are right to some degree. The problem is the whole recovery is being supported by the government….anyone care to guess what will happen without that support. […]
thestatedtruth.com | March 23, 2011
Next Up: Government resignation, crisis, bail out, etc. We’ve already seen the drill elsewhere……. Just In: Portugal’s Prime Minister José Sócrates tendered his resignation after Parliament rejected a new government austerity plan. PORTUGUESE PARLIAMENT REJECTS GOVERNMENT’S DEFICIT-CUTTING PLAN PORTUGAL’S PARLIAMENT BACKS RESOLUTION AGAINST GOVERNMENT PLAN
thestatedtruth.com | March 22, 2011
The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” according to Dallas Federal Reserve Bank President Richard Fisher. “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in […]
thestatedtruth.com | March 21, 2011
We have a long long way to go before this problem goes away! TEPCO managed to restore the power supply to its radioactive power plant. The key problem at hand has not been fixed at all. Not even close. According to New York Daily News: “Cooling pumps at one of Japan’s crippled nuclear reactors are damaged beyond […]
thestatedtruth.com | March 21, 2011
Sales of U.S. previously owned homes dropped more than forecast in February and the median price dropped to $156,100 from $164,600 one year ago. Â Sales of U.S. previously owned homes dropped more than forecast in February and the median purchase price declined to the lowest since the same month in 2002, indicating the housing market […]
thestatedtruth.com | March 19, 2011
Notice if you will, the house in the chart below is upside down…..how appropriate! One hundred years of the government’s attempts to mute the natural business cycle are slowly and painfully coming to an end. A period where the government proactively encouraged consumption until it became 70% of the economy, we produced very little, and […]
thestatedtruth.com | March 19, 2011
Defaults have lopped $822 billion off U.S. household debt since mid-2008! These loans were not payed off, but it looks that way with many of the statistics….. One of the puzzles of the recovery has been how U.S. households have managed to shed some $658 billion in mortgage, credit-card and other consumer debt over the past two and a […]
thestatedtruth.com | March 18, 2011
Technology growth in wireless is going to evolve into next generation wireless….. and its growth will be breathtaking! Mobile data growth is expected to grow at a 92% compound annual growth rate over the next five years. All that traffic growth won’t be coming from existing devices, of course. It will be coming from brand-new ones. […]
thestatedtruth.com | March 17, 2011
So what happened to deflation…..ah, it’s deflation for the old folks on social security, no cost of living raises for them….but there is inflation for our esteemed congress, so of course they voted themselves an inflationary raise! It’s pretty basic politics, come to think of it! A special index created by the Labor Department to […]
thestatedtruth.com | March 15, 2011
John Williams doesn’t speak blindly, he has been a frequent guest on CNBC, Bloomberg, Barrons etc, and he has multitudes of statistics to back up his “seemingly outlandish” but more than likely correct forecast……By the way, Williams time frame falls into the period leading up to 2014, similar to the Kress Economic Cycle that takes us down hard from […]
thestatedtruth.com | March 15, 2011
One would guess some rather important changes may be made to new currently under construction nuclear power plants… The map below, courtesy of the World Nuclear Association, identifies the locations of nuclear power plants that are currently under construction. Of these, 42% reside in China; 16% in Russia and 11% in India. The G-7 countries, combined, […]
thestatedtruth.com | March 15, 2011
03-15-2011 Japan, The Persian Gulf And Energy By George Friedman Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially […]
thestatedtruth.com | March 15, 2011
Some more thoughts on Japan….we are told, (hopefully correctly), that this is more of a repeat of a Three Mile Island situation where half the fuel rods melted, than Chernobyl where they all did. And…Small amounts of low radiation cesium and iodine have already been released, which should be measurable on American roof tops in about ten […]
thestatedtruth.com | March 14, 2011
Should any of these plants go into full meltdown (indications are (2) already have) there will be both a human and economic disaster worse than 1945. Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station.  By Richard Shears Last updated at 5:09 PM on 14th March 2011 The […]
thestatedtruth.com | March 13, 2011
From the IAEA Blog: Based on information provided by Japanese authorities, the IAEA can confirm the following information about the status of Units 1, 2 and 3 at Fukushima Daiichi nuclear power plant. Unit 1 is being powered by mobile power generators on site, and work continues to restore power to the plant. There is […]
thestatedtruth.com | March 13, 2011
Let’s review the specific power plant in question, the General Electric design BWR Mark 1. “This is a boiling water reactor. It’s one of the first designs ever developed for commercial reactors in this country, and it’s widely used in Japan as well. Compared to other reactors, if you look at NRC studies, according to calculations, […]
thestatedtruth.com | March 12, 2011
A third reactor at the Fukushima No. 1 plant loses its emergency cooling capacity, bringing to six the number of reactors that have failed at the two Fukushima nuclear power plants since the earthquake and tsunami. Â Â Another nuclear reactor at the Fukushima No. 1 facility in Japan has lost its emergency cooling capacity, […]
thestatedtruth.com | March 12, 2011
This will continue until the stimulus stops, at that point everything will change, and not for the better! So, eyes on the road everybody. New guidance should be coming soon from the Federal Reserve.
thestatedtruth.com | March 10, 2011
Answer: Countries don’t grow without immigration and rising populations….and Germany is going the wrong way. They’re not alone on this. BERLIN  Germany, already grappling with one of Europe’s fastest aging and shrinking populations, faces a growing shortage of skilled labor for another, more immediate reason: stepped-up recruiting from abroad for the country’s top engineering and scientific […]
thestatedtruth.com | March 10, 2011
Interesting….. Bank of America Says Nearly Half Its Mortgages Are ‘Bad’ Washington Business Journal Bank of America Corp. is segregating almost half its 13.9 million mortgages into a “bad†bank comprised of its riskiest and worst-performing “legacy†loans, Bloomberg News reported, citing Terry Laughlin, who is running the new unit. “We are creating a classic […]
thestatedtruth.com | March 10, 2011
Cumberland Advisors Day of Rage March 10, 2011 Modern technology. Read email of Saudi events on WiFi at 38,000 feet. This will be brief. The day of rage came early. All outcomes are speculative. Contagion has reached Saudi Arabia. Recent history shows Al-Qaida actively targeted Saudi Arabia several times. Until now, no success. Events in […]
thestatedtruth.com | March 9, 2011
This is moving East to West, California’s day not to far away! TOPEKA, Kan. – A Kansas House committee endorsed a bill Wednesday that would cut future retirement benefits for current teachers and government workers to help solve the long-term funding woes of their pension system. The measure that cleared the Pensions and Benefits Committee […]
thestatedtruth.com | March 8, 2011
Reuters reports that European oil imports are about to get tough, making life for Italy, which is most reliant on Libyan oil, quite complicated: Libyan oil trade has been paralysed as banks decline to clear payments in dollars due to U.S. sanctions, trading sources told Reuters on Tuesday. The move follows a decision by major […]
thestatedtruth.com | March 8, 2011
Rick’s Picks “Phenomenally accurate forecasts†Senate minority leader Mitch McConnell said on Face the Nation yesterday that President Obama wasn’t serious about the budget. Lest anyone mistake this for partisan sniping, here’s an interesting factoid that drives the charge home: the $4 billion in spending cuts that Congress just approved to avoid a government shutdown […]
thestatedtruth.com | March 8, 2011
Yikes! Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement. Even as the economy has recovered, social welfare benefits make up 35 percent […]
thestatedtruth.com | March 8, 2011
This makes it hard to see economic growth….especially in Europe! In Europe, gasoline has just hit an all time record of $8.632 per gallon! As HLN.be reports: Petrol 95 at €1.624 per litre. This breaks the 2008 record of €1.61 per liter.” Translated into American this means that a gallon of gas in Europe is […]
thestatedtruth.com | March 7, 2011
What’s the old saying….records are made to be broken. The bottom line is we have a bunch of government morons here! They still don’t know basic math. March 18’th is the deadline for current stop gap funding. Without a new spending agreement by then, the government will shut down (?). The federal government posted its largest […]
thestatedtruth.com | March 7, 2011
Bill Gross of PIMCO has been saying similar things and thinks once QE2 ends things could get very negative for the free market system, the dollar and interest rates. Charles Biderman: What nobody’s asking is what happens when QE 2 stops: If the only buyer is the Fed, and the Fed stops buying, I don’t know what is going to […]
thestatedtruth.com | March 7, 2011
World changing events are taking place in the oil rich Middle East. Saudi Arabia drafts another 10,000 troops ahead of protests, and drafting up to 10,000 security forces to the north eastern Muslim Shia provinces ahead of mass protests planned next week. Peak oil has passed. The economic dominance of the West is now history. Those […]
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