thestatedtruth.com | March 5, 2011
Cumberland Advisors David Kotok always does a good job on the important issues…..it’s a good read! $115 Oil, Contagion and Central Banks March 5, 2011 “… there’s so much unrest that one can actually sense or imagine unknown nano-particles of rage colliding in mid-air…â€Â (Source: a private person who screens Middle East media for me […]
thestatedtruth.com | March 4, 2011
Wisconsin Governor Walker……We’re Broke! So what does that make California and Illinois to name a few others. Yep. they’re even more broke. Wisconsin governor Walker announced he would fire 1500 state workers unless democrats, who have been fled and are hiding in Illinois to avoid a critical vote on collective bargaining, return to the state. […]
thestatedtruth.com | March 4, 2011
The U.S. Labor Department said Friday….Nonfarm payrolls rose by 192,000 last month and unemployment fell below 9% for the first time in nearly two years….8.9% employment;  Gallup had a different take on this, we review it below. Adjustments to population has helped  keep number in order.  Labor force participation rate has not been moved. Job gains […]
thestatedtruth.com | March 3, 2011
We would side with the Gallop Poll over the U.S. government data.   Aside from that, Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate should be in the low seven percent range by late 2012. If that is going to be the case, the job creation environment must change dramatically from what it is […]
thestatedtruth.com | March 3, 2011
The economy may be getting better for the time being, but not for those at the bottom! Food stamp usage just hit 44.1 million people in December and averaged $134 a month per person.
thestatedtruth.com | March 2, 2011
Ok class, let’s review the current housing market. So where do we start…how about with inventory! Inventory continues to swell. “There’s just way too many homes out there relative to demand and we’re not going to see that change anytime soon,” says Joshua Shapiro, chief US economist for MFR Inc. Lenders continue to repossess massive numbers of […]
thestatedtruth.com | March 2, 2011
The U.S. economy grew moderately in early 2011 and the weak jobs market improved, while businesses reported rising costs, the Fed said. Here are some key highlights: Non-wage input costs increased for manufacturers and retailers in most Districts. Retailers in some Districts mentioned they had implemented price increases or were anticipating such action in the next […]
thestatedtruth.com | March 1, 2011
Well, this is a deep subject, no pun intended, suffice to say 401K’s are not the only way states can help their pension funds. They can manage them more wisely and put less faith into Wall Street. The financial collapse, poor management and the housing bubble are amoung the reasons these plans are in crisis. Here are some definitions: A defined benefit […]
thestatedtruth.com | March 1, 2011
Gallop breaks things down into different categories much better then other polls do! According to the Gallup Poll, “Americans have become much less confident in the U.S. economy over the past two weeks, with Gallup’s Economic Confidence Index falling from -18 to -30 during that span. The -18 Index score from two weeks ago was the […]
thestatedtruth.com | February 27, 2011
Anybody surprised? Nope, didn’t think so……Why do so few Americans believe in our government today? That’s simple….it’s because Congress is self serving, and favors the giant corporations and the ultra-wealthy, not Main Street and the common American. Influential Harvard and Stanford law professor Lawrence Lessig noted in a must-watch speech last week that polls show that only […]
thestatedtruth.com | February 27, 2011
Everything the government is doing involves a rig job of one kind or another and it’s unmatched in history. Real estate and equity markets are not standing on there own, they are all being supported by the government either directly or indirectly…..and there in lies the problem. Here are some key extracts from the Marc Faber interview by The […]
thestatedtruth.com | February 27, 2011
From The Wall Street Journal….this is why commodity prices continue to go higher! WASHINGTON—A report being prepared for the world’s Group of 20 leading economies indicates the main factor behind rising prices for wheat, sugar, cotton, metals, oil and other commodities isn’t speculators, as some have suggested, but that the global demand to consume these goods […]
thestatedtruth.com | February 26, 2011
Understanding Derivatives – Class Name and Description: Greedy Financial Morons 101, How To Destroy The Financial World…… Heidi is the proprietor of a BBQ Bar in Mt. Airy Maryland . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, […]
thestatedtruth.com | February 26, 2011
So…Inquiring minds want to know what other computer systems are using this same software and why it takes 8 years to figure this out. We think there’s more to this story! SANTA ANA, Calif. (KABC) — A $228 million mistake has landed two employees for Orange County’s pension system on paid leave. It’s all linked to a […]
thestatedtruth.com | February 25, 2011
The Providence School Department (District) has a $40-million deficit. So the big question is: Why was this deficit allowed to get so large in the first place. Inquiring minds want to know! Yes we know, nobody learned math 101… so now we have 1,000’s of math morons running public departments supported by the government with large budget deficits around the […]
thestatedtruth.com | February 25, 2011
A quick look at this chart tells it all! Yes, gasoline prices do effect the economy. Courtesy of John Lohman
thestatedtruth.com | February 25, 2011
Sounds like there was more then one way to play the game of hide and seek, but the Democrats weren’t paying attention while hiding! MADISON, Wis. — Republicans in the Wisconsin Assembly took significant action on their plan to strip collective bargaining rights from most public workers, by passing the measure early Friday morning before sleep-deprived Democrats realized […]
thestatedtruth.com | February 25, 2011
Some good points about Bahrain….and why it’s important to oil! Bahrain lies in the middle of an age-old contention between Iran and Saudi Arabia… and the balance between the two rivals could soon be tipped. A strong Iraq was a nice buffer between Saudi Arabia and Iran, but a strong Iraq is no more. Now […]
thestatedtruth.com | February 24, 2011
From The Wall Street Journal………The Internal Revenue Service announced new rules intended to help struggling taxpayers cope with tax debts. Commissioner Doug Shulman called the steps an effort to “stand in taxpayers’ shoes” in order to minimize unnecessary burdens and said they wouldn’t compromise tax collections. The changes affecting individuals concern tax liens and so-called […]
thestatedtruth.com | February 24, 2011
Libya’s “secretive” sovereign fund (LIA) has assets of over $70 billion and has placed $32 billion with U.S. banks, reported Reuter,  based on Wikileaks provided information from a “confidential diplomatic cable.” According to the report: ” The cable, obtained by WikiLeaks and revealing the details of a January meeting between the head of the Libyan Investment Authority […]
thestatedtruth.com | February 24, 2011
Oil production in Libya is expected to shut down completely and could be lost for a prolonged period of time, Bank of America Merrill Lynch said on Thursday. U.S. officials said current oil stockpiles were adequate to meet any supply disruptions. So, can we believe them is the big question!
thestatedtruth.com | February 24, 2011
Rock and Roll, and to think….the media says it’s all behind us and everything is getting better rapidly…..NOT! Troubled Banks Rise To Highest Level In 18 Years By Marcy Gordon Posted: 02/23/2011 WASHINGTON — The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final […]
thestatedtruth.com | February 24, 2011
Does anyone really think there is a recovery going on! ” Less than 500 homes sold in the over $750,000 and only 19k total new homes were sold. The lowest monthly total ever. (and of the 19K, 53% were vacant lots or under construction). “Sales of new single-family houses in January 2011 were at a seasonally […]
thestatedtruth.com | February 23, 2011
thestatedtruth.com | February 23, 2011
Federal Reserve Bank of Kansas City President Hoenig is one guy that knows! HOENIG:  U.S. HAS `DEEPLY’ UNDERMINED FREE-MARKET CAPITALISM HOENIG: WARNS OF ESCALATING SERIES OF CRISES WITH RISING COSTS HOENIG: LARGE FINANCIAL FIRMS CAN EXPECT BAILOUTS IN FUTURE HOENIG: BIG FINANCIAL FIRMS MUST NOT HOLD ECONOMY`HOSTAGE’ HOENIG: BIG FIRMS `HAVE SIGNIFICANT INCENTIVES’ TO INCREASE RISK HOENIG: TOO-BIG-TO-FAIL FIRMS POSE […]
thestatedtruth.com | February 23, 2011
Nowhere Near Over February 23, 2011 This is nowhere near over.  By “Thisâ€, we mean the regional contagion, spreading violence and rising geopolitical risk in the Middle East and North Africa.   Reports say that Libya has stopped producing oil and that pipeline delivery to Europe (Italy) is interrupted. Libya seems headed for complete dismemberment and […]
thestatedtruth.com | February 22, 2011
How Rich Are The Superrich A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
thestatedtruth.com | February 22, 2011
Mohamed El-Erian appeared on Bloomberg Surveillance with Tom Keene,  talking about the developments in the Middle East, “we have to appreciate that in the west, what is happening in Egypt and North Africa results in stagflation in the short term. So higher inflation and lower growth because of higher oil prices that take away purchasing power […]
thestatedtruth.com | February 21, 2011
Earth is overdue a massive solar storm as the sun enters its most active period…..We’ve been talking about this for a while.  Heads up everybody…..Have cash on hand and 30-60 days of food, water, toilet goods etc, and lots of flash lights and batteries and keep your car gas tank at least half full at […]
thestatedtruth.com | February 21, 2011
Inquiring minds want to know what happens to the Libyan Gold….Uh, one guess…It follows Gaddafi out of Libya. Duh! Libya had 143.8 tonnes of Gold and is (was) the ninth largest oil producer!
thestatedtruth.com | February 20, 2011
George Soros….whether you like him or hate him, he has earned our respect with his success over the years. He came to the U.S. as a poor boy, and has earned the wealth he has. Soros says Iran’s ruling regime will topple within the year, though he warned the situation there could become “very ugly†before this happens. Soros also […]
thestatedtruth.com | February 20, 2011
Guess it doesn’t matter if they burn the oil wealth when it all goes to the ruler anyway! Sounds like Gadhafi should ride out of Dodge while he can! The son of Libyan leader Moammar Gadhafi says protesters have seized control of some military bases and tanks. Appearing on Libyan state television Sunday night, Seif […]
thestatedtruth.com | February 20, 2011
How Congressional Budget Cuts Will Effect California  Under the GOP House proposals, about $1.5 billion in federal funds for California would be trimmed, affecting such things as Pell grants, Head Start, K-12 education and rail projects. Reporting from Washington— University of California students would take a nearly $55-million hit from reductions in Pell grants. […]
thestatedtruth.com | February 19, 2011
Here is an interesting piece on Real Estate in this weeks Barron’s column Up and Down Wall Street…Â by ALAN ABELSON For most people, their house, be it ever so humble, is their largest single investment. (And all these years we’ve been suffering under the delusion that a house was, pure and simple, to live in. […]
thestatedtruth.com | February 19, 2011
The President ordered the cabinet to cut $100 million from the $3.5 trillion federal budget! So we thought a little perspective might be in order. In comparison, if I have about a $4,000 a month budget for groceries, medicine, bills, etc, and I cut my spending at exactly the same ratio – 1/35,000, here’s what I would be sacrificing…..after doing the […]
thestatedtruth.com | February 18, 2011
This could create a Black Swan set of events if it happens.  Looks like the Democrats are playing with Dominos…..and here’s the thing, they know it!  Speaking at a meeting of top aides to Congressional Democrats on Capitol Hill, an aide to former House Speaker Nancy Pelosi said that a government shutdown is likely and that Democrats need […]
thestatedtruth.com | February 18, 2011
Swine Flu Can Spread at ‘Unbelievable’ Rate: The WHO (World Health Organization) says the swine flu spreads four times faster than other viruses and 40 percent of the fatalities are young adults in good health, this according to top health officials. “This virus travels at an unbelievable, almost unheard of speed,†World Health Organization Director General […]
thestatedtruth.com | February 18, 2011
OK, let’s look at the options, the State of Wisconsin is broke,  and the Democrats and Republicans can’t agree on needed changes of things that were agreed to at a different time and under quite different circumstances 50 years ago. A state isn’t like a federal government in that it can’t print its own money, therefore they either do […]
thestatedtruth.com | February 17, 2011
A quick look at the second chart below shows why (interest on debt) the yellow area, is a sledge hammer to an economy. http://jessescrossroadscafe.blogspot.com/
Coming Soon
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