thestatedtruth.com | December 12, 2010
No good solutions ahead and problems galore, but this one was needed badly! The Senate votes on the fiscal package Monday at 3:00 pm. Assuming it passes, the House of Representatives is likely to vote later in the week. Congress plans to adjourn for the year December 17. President Barack Obama’s tax-cut deal with Republicans […]
thestatedtruth.com | December 12, 2010
Looks like we’re in a real pickle, if we try to borrow our way out of this mess, then the dollar will plunge, and if we go the austerity route-we have another World recession. Who would know better then Japan!  They say “The world is set for a long-term structural slump reminiscent of the 1870s ..The reason for the slowdown? […]
thestatedtruth.com | December 12, 2010
 “The top 1 percent of wage earners in America earned more than the bottom 48 percent of Americans. Source: Social Security Substantial income inequality is not the path to a strong and vibrant middle class. 17 percent of Americans are either unemployed or underemployed so the lower end of the curve is dragging more people […]
thestatedtruth.com | December 11, 2010
What’s the old Boy Scout motto……”Be Prepared”…well it looks like we are! On Oct. 31, the Maryland-based U.S. Cyber Command became fully operational, and its commander is also the head of the National Security Agency, the premier U.S. government entity for signals intelligence. “USCYBERCOM plans, coordinates, integrates, synchronizes and conducts activities to: direct the operations […]
thestatedtruth.com | December 11, 2010
China And Its Double-Edged Cyber-Sword   By Sean Noonan A recent batch of WikiLeaks cables led Der Spiegel and The New York Times to print front-page stories on China’s cyber-espionage capabilities Dec. 4 and 5. While China’s offensive capabilities on the Internet are widely recognized, the country is discovering the other edge of the […]
thestatedtruth.com | December 10, 2010
According to research released today by Cogent, affluent Americans are closing brokerage accounts an increasing clip: 13% of affluent individuals closed at least one account in the last 12 months, more than twice the pace of account closures in the previous five years. Fidelity Investments:Â Â Â Â Â Â Â Â Â Â 15% Wells Fargo Advisors:Â Â Â Â Â Â Â Â 11% Merrill Lynch:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â […]
thestatedtruth.com | December 10, 2010
Economic Inequality…..we present a great 3 minute summary, which even a third or fourth grader will understand.   What is gradually becoming accepted as the most troubling social, economic and political development in America, namely a record amount of income,wealth and social inequality. From the CBS 60 Minute interview of Fed Chairman Ben Bernanke: Q: The gap between rich and poor in this […]
thestatedtruth.com | December 10, 2010
For those who understand this, no explanation is needed. For those who do not understand this, no explanation is possible, you flunked kindergarten. Kindergarten Economics….The Tax System Explained In Layman Terms Ten men go out for beer and the bill for all ten comes to $100…If they paid their bill the way we pay our taxes, it would go […]
thestatedtruth.com | December 9, 2010
The monster snowstorm slated for this weekend will hit portions of the Midwest, eastern Great Lakes, central Appalachians, Ontario and Quebec hardest. The heaviest snow is most likely to begin over Iowa and surrounding areas Saturday. The snow will then encompass Michigan, western New York, southern and southwestern Ontario and southwestern and central Quebec for […]
thestatedtruth.com | December 9, 2010
Europe and Russia are looking at a super cold winter ….we’ve warned about this for a while! Sun spots have been indicating more bad weather dead ahead! When this winter is all said and done we may see 500 year old records fall. Britain has the coldest 1st-8th December on (CET) record, with monthly records starting in 1659. The daily data started […]
thestatedtruth.com | December 9, 2010
The Federal Reserves’s worst nightmare has just come true. Representative Ron Paul, Texas Republican and author of “End the Fed,†will take control of the House subcommittee that oversees the Federal Reserve. House Financial Services chairman-elect Spencer Bachus, an Alabama Republican, selected Paul, 75, to lead the panel’s domestic monetary policy subcommittee when their party […]
thestatedtruth.com | December 9, 2010
So that’s why interest rates have been rising lately! Pacific Investment Management Co., which manages the world’s biggest bond fund, is raising its forecast for U.S. growth next year as policy makers pump a “massive amount†of stimulus into the economy, Chief Executive Officer Mohamed El-Erian said.
thestatedtruth.com | December 9, 2010
Definition: A Credit Default Swap (CDS) is a swap contract and agreement in which the protection buyer of the CDS makes a series of payments (often referred to as the CDS “fee” or “spread”) to the protection seller and, in exchange, receives a payoff if a credit instrument (typically a bond or loan) experiences a […]
thestatedtruth.com | December 9, 2010
From the looks of this, it understates the actual wealth loss by about 2-4% This from todays Federal Reserve Z1 report……”business debt increased to an all time record high of $7,351 billion, an $82 billion increase in the quarter”…..so yes I know corporate cash is very high, but so is corporate debt…….they’re borrowing to put cash on […]
thestatedtruth.com | December 9, 2010
This may get very personal with President Obama. Democrats are playing with fire here! Ben Smith of Politico says the House Democratic caucus has just voted to reject the tax deal. Posturing or the real deal?
thestatedtruth.com | December 8, 2010
ICI reports equity domestic funds saw outflows of $1,801MM last week, which is the 31st consecutive outflow.Â
thestatedtruth.com | December 8, 2010
Question: Aren’t we in an economic recovery.   Answer:  Well, yes…..according to the government! The Department of Agriculture reports that 42.9 million people collected food stamps last month, up 1.2% from the prior month and 16.2% higher than the same time a year ago.
thestatedtruth.com | December 8, 2010
Personal consumption expenditures still account for 70.4% of national income (GDP) as of Q3 2010, that was down slightly from the record of 71.1% Q3 2009. But look where it was just 10 years ago in 2000. Standard of living reductions will force the chart below to seek lower levels of consumption. A small reduction in […]
thestatedtruth.com | December 7, 2010
Here is the real reason that the old folks get no cost of living increase for Social Security……Inflation data relies heavily on housing prices and removes food and energy costs. No kidding! Ah, but Congress gave themselves a raise this year, I guess they looked at it the other way around. U.S. government inflation data is “a […]
thestatedtruth.com | December 7, 2010
thestatedtruth.com | December 7, 2010
The Stated Truth  Op-Ed Tuesday, December 7, 2010 Let’s Go Back In Time……To 1997 In July 1997, the Asian crisis evolved into fears of a worldwide economic meltdown due to financial contagion. On December 1st 1997 South Korea had to be saved with a $55 billion bailout. It was then the largest bailout in the history of the world, […]
thestatedtruth.com | December 7, 2010
Makes perfect sense! United Parcel Service will require customers shipping packages to show government-issued photo identification in an effort to intensify security after explosives were found on October cargo flights. The new policy expands a previous rule in place at UPS Customer Centers to include all retail outlets. Customers without a pre-printed shipping label will […]
thestatedtruth.com | December 6, 2010
Didn’t the government say things were getting better….by the looks of the chart below, we’ve seen a very anemic recovery considering all the money (debt) that has been thrown its way. The latest AAR Rail-Time Indicators report that seasonally adjusted rail carloads across all commodities have seen a sequential volume decline in three of the past […]
thestatedtruth.com | December 6, 2010
Can’t say it’s a done deal, but it sounds pretty darn close! President Barack Obama said he’ll agree to a two-year extension of all Bush-era tax cuts in exchange for extending federal unemployment insurance. The plan also would cut the payroll tax by 2 percentage points. Obama said he would accept a lower rate for […]
thestatedtruth.com | December 6, 2010
This is an interesting summary of a review on retirement plans “Broken Promises” from Knowledge@Wharton …… From the women’s movement to the sexual revolution, the generation of 77 million baby boomers born in the United States between 1946 and 1964 has spent the last five decades loudly breaking new ground. Now, as they head toward their “golden years,” […]
thestatedtruth.com | December 6, 2010
This from NBC: Julian Assange’s attorney says a place and time are being negotiated for a meeting with Scotland Yard. There will be a waiting line of countries that want to arrest Julian Assange. Interestingly, despite discussion that the British authorities are well aware of where Assange is located, his arrest has so far been elusive.  It […]
thestatedtruth.com | December 5, 2010
Let’s put these two answers in deep perspective….Troubling is putting it mildly! Q: [On calls to cut the deficit] We’re looking at ten, 15, 20 years from now, a situation where almost the entire federal budget will be spent on Medicare, Medicaid, Social Security, and interest on the debt. There won’t be any money left […]
thestatedtruth.com | December 5, 2010
Here are a couple of zinggers…..Ben Bernanke: Economic recovery is very close to not being self-sustaining…..Anyone surprised on this one? …….and……We’re looking at ten, 15, 20 years from now, a situation where almost the entire federal budget will be spent on Medicare, Medicaid, Social Security, and interest on the debt. There won’t be any money left for the military […]
thestatedtruth.com | December 5, 2010
Sounds like the United States had better re-assess its relationship with China……The situation becomes even more interesting with China owning so much of the United States debt (bonds). Oh, that’s right, we can’t…..nobody else will buy our debt. “Patriotic hackers†backed by Chinese authorities conducted extensive computer hacking on U.S. government agencies and companies, including computer networks of […]
thestatedtruth.com | December 5, 2010
Inflation anybody? “What we’re seeing is really just the tip of the iceberg,†Trilby Lundberg said today in a telephone interview. “At the retail level, we could see another six to eight more cents†per gallon as refiners pass through higher crude costs. The average price for regular gasoline at U.S. filling stations rose 3.92 cents […]
thestatedtruth.com | December 5, 2010
It sounds like we have everybody’s attention here, doesn’t it! President Barack Obama said any new legislation must extend federal jobless aid and include his own soon-to-expire tax policies. Obama told Democratic leaders in Congress he’d reject even a temporary extension of the Bush-era tax cuts if the legislation doesn’t encompass his own policies, which include […]
thestatedtruth.com | December 5, 2010
7:00 PM: Fed Chairman Bernanke discusses the economy on CBS 60 Minutes. This interview took place on November 30th, and parts were leaked out on Friday.
thestatedtruth.com | December 5, 2010
Hmm…..It’s really a simple concept…..Even with sales below prior peeks, the auto makers are profitable now because they have shed so much debt. GM did it through bankruptcy which converted much of its high interest bond debt into equity, and Ford did a bond to stock swap and buy back.  When you don’t pay all of that interest, natuarlly your expenses […]
thestatedtruth.com | December 4, 2010
Federal, State and Local City workers are about to see related  jobs destroyed. This has never…read never happened before. Governments at every level are broke. This is going to end badly. It will take a while, but it will end badly. There simply isn’t economic growth when this happens. Period! A few years down the road, […]
thestatedtruth.com | December 4, 2010
From Art Cashin on the floor of The New York Stock Exchange………..Moscow and Europe may have its coldest winter in 500 years! Wheat and Rice in short supply and grain supplies indicating potential shortages next year…..Oh, and Oil heading back towards $100 a barrel! It’s going to be an expensive winter for heating on the U.S. East Coast, in Europe […]
thestatedtruth.com | December 4, 2010
We fully expect that the ‘can will get kicked down the road’ on this matter…… WASHINGTON…..An increase to the federal government’s borrowing limit is being considered in talks on extending the Bush-era tax cuts. But that issue would be politically very toxic. The current federal government debt limit stands at $14.3 trillion, a mark that may be reached […]
thestatedtruth.com | December 4, 2010
As expected the Senate votes No on tax deal…..around and around we go, where we stop nobody knows! Democrats are demanding a one-year renewal of jobless benefits for hundreds of thousands of Americans or no deal on tax cuts. The benefits begin to expire this week.  But….Obama’s top economic advisers are in talks with key lawmakers […]
thestatedtruth.com | December 3, 2010
Some interesting thoughts out of China…………. From Corriente Advisors. The anomalies in China are some what familiar: Excess floor space exceeds 3.3 billion square meters and there are still 200 m being built this year…. The price to rent ratio is 39.4 times versus 22.8 times in America before the housing crises…. Banks are hiding their exposure […]
Coming Soon
bank owned banks congress consumer credit debt Economy education equity fund flow data food stamps foreclosures Free Money gdp gold Government Greece housing inflation Interest rates japan Middle East Money mutual fund outflows net worth new normal Oil pensions PIMCO politics Quote of the Day Real Estate Recession retirement Rich Rich man spending stock market Student Loans taxes tid bits unemployment Wall Street war Wealth Wealthy weather
Copyright © 2025 The Stated Truth
