thestatedtruth.com | April 18, 2010
DRAMATIC COMMERCIAL BANK LENDING SPIKE There appears to be mysteries everywhere we look, just like the days of Enron, the US sub-prime housing bubble and with Greek debt accounting. Â Below is the just released Federal Reserve report from FRED (Federal Reserve Economic Data) showing the weekly loans and leases of US Commercial Banks. The […]
thestatedtruth.com | April 18, 2010
U.S. TREASURY AUCTION – Historic Direct Versus Indirect Bids With a historic and massive $1.6 Trillion of new US government debt to be financed in 2010, as tax payers on the hook for this debt, we need to listen to what is concerning those that participate in the critically important US Treasury Auction. Additionally, we […]
thestatedtruth.com | April 18, 2010
PLUMMETING US MONEY SUPPLY DESPITE QE (Quantitative Easing) Â The chart above from Shadow Government Statistics is more than a little alarming. The M3 money supply reporting is shown above, which we all used to watch meticulously and was suddenly and suspiciously dropped without explanation in March 2007. John Williams of Shadow Government Statistics still […]
thestatedtruth.com | April 18, 2010
Welcome to the world of mortgage servicing loss mitigation… We now have the situation in this country where after delinquent borrowers are offered a loan modification option which takes the interest rate down to 2% for 5 years, extends the mortgage term to 40 years and forebears (soon will forgive) some of the principal balance […]
thestatedtruth.com | April 18, 2010
Who paid the bonuses for Wall Street and how it worked: 1. FASB capitulates and allows holders of OTC derivatives to value them at whatever they wish. 2. International investment firms begin strong mark up policies towards their crap inventory. 3. Profits from the mark up of crap OTC derivatives by the international investment firms […]
thestatedtruth.com | April 16, 2010
Goldman Sachs Sued by SEC for Fraud Tied to CDOs By Joshua Gallu and Christine Harper April 16 (Bloomberg) — Goldman Sachs Group Inc. was sued by U.S. regulators for fraud tied to collateralized debt obligations that contributed to the worst financial crisis since the Great Depression. The firm’s shares tumbled as much as 16 […]
thestatedtruth.com | April 15, 2010
By Henny Sender in New York Published: April 16 2010 Whitehall Street International, Goldman Sachs’ international real estate investment fund, has lost almost all of its $1.8bn of equity following soured property investments in the US, Germany and Japan, according to the fund’s estimates. By the end of 2009, the fund was down to its […]
thestatedtruth.com | April 15, 2010
04/15/2010 George Soros, speaking at a meeting organized by The Economist, warns all those who are throwing their money into the equity pit, that “the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis.” Advice from Soros or from […]
thestatedtruth.com | April 14, 2010
thestatedtruth.com | April 13, 2010
APRIL 14, 2010 By ANTON TROIANOVSKI And LINGLING WEI Morgan Stanley has told investors in its $8.8 billion real-estate fund that it may lose nearly two-thirds of its money from bum property investments, according to fund documents reviewed by The Wall Street Journal. That would likely make it the biggest dollar loss—$5.4 billion—in the history […]
thestatedtruth.com | April 13, 2010
Last week the US put duties on Chinese steel pipe. This week China puts duties on US and Russian electrical steel. Getting into a trade war now is as crazy as the Smoot-Hawley Tariff Act was in the 1930s. Remember this……… China will do only what China wants. China will do only what China wants […]
thestatedtruth.com | April 13, 2010
April 13, 2010 | 0854 GMT  By Lauren Goodrich This past week saw another key success in Russia’s resurgence in former Soviet territory when pro-Russian forces took control of Kyrgyzstan. The Kyrgyz revolution was quick and intense. Within 24 hours, protests that had been simmering for months spun into countrywide riots as the president […]
thestatedtruth.com | April 12, 2010
As the charts below demonstrate, American society is currently stratified beyond repair. In this vein, the Tax Policy Center calculates, that for a return to economic normalcy, or deficits at a “mere” 2% of GDP, households earnings more than $200/250k would see their tax rates going up to a stunning 91%. If the economic underperformance […]
thestatedtruth.com | April 12, 2010
Sovereign Debt Disaster Will Favor Hard Assets by Justice Litle, Editor, Macro Trader April 12, 2010 In the event of a full-blown sovereign debt crisis, hard assets will become deeply desirable as one of the few “stores of value†left. …all too often the size of debts, especially government debts, is hidden from investors until […]
thestatedtruth.com | April 11, 2010
From The New York Times By NELSON D. SCHWARTZ Published: April 10, 2010 Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates. That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation […]
thestatedtruth.com | April 9, 2010
Hey…….We didn’t make this up……Congress did! The House Republican Conference has compiled a list of all the new boards, bureaucracies, commissions, and programs created in H.R. 3962, Speaker Pelosi’s government health care plan: 1.    Retiree Reserve Trust Fund (Section 111(d), p. 61) 2.    Grant program for wellness programs to small employers (Section 112, p. 62) […]
thestatedtruth.com | April 7, 2010
thestatedtruth.com | April 7, 2010
From Fannie Mae on housing……………….. Housing Shaky At Best – CNBC’s Diana Olick had a somewhat scary report on foreclosures yesterday. She suggests a new wave is coming and it may be a whopper. She quotes the Fannie Mae chief as saying that home prices will dip again before hitting a new bottom later this […]
thestatedtruth.com | April 7, 2010
This presentation by Mr. Sinclair addresses what is currently going on in the world, including finances of course, which is his specialty. He is regarded as one of the premier authorities on gold and currencies in the world, and as such we should all value his opinion highly. 1. Get a copy, if possible, of the BBC movie, “The […]
thestatedtruth.com | April 6, 2010
thestatedtruth.com | April 6, 2010
Demographics? Let’s look at the “age pyramid” for the United States. The following 2 charts from the National Institutes of Health shows that the population is aging: This graphic (courtesy of Ed Stephan) shows the U.S. age pyramid from from 1950 through 2050: male female Population of the United State  www.zerohedge.com
thestatedtruth.com | April 6, 2010
A DISCRETE BULL MARKET Gold’s major trend has been up for nine consecutive years, yet the investing public has barely begun to invest. It’s not well known that this bull market even exists. This in itself is bullish because it means the 375% gain over the last almost decade will be pale compared to the […]
thestatedtruth.com | April 5, 2010
By Phil Willon and Maeve Reston April 5, 2010 City Controller Wendy Greuel declares an ‘Urgent Financial Crisis’ and says the only way to continue paying bills in the short term is to begin draining the city’s already limited emergency reserve. Â The city’s top financial official issued a grim assessment of the escalating budget […]
thestatedtruth.com | April 5, 2010
During the past fifteen months, the Fed purchased $1.25 Trillion in MBS, which represented 80% of the mortgage market. Prior to this program, mortgage rates were above 6%. Now that the Fed program has ended, it’s reasonable to assume that mortgage rates will rise back towards those levels. Just How Much Money is $1.25 Trillion? […]
thestatedtruth.com | April 4, 2010
AP – This undated image released by the U.S. Air Force shows the X-37B spacecraft. By JOHN ANTCZAK,     Associated Press Writer John Antczak, Associated Press  Sat April 3, 2010                   Posted April 4, 2010 LOS ANGELES – After a decade of development, the Air Force this month plans to launch a robotic spacecraft resembling a small space […]
thestatedtruth.com | April 4, 2010
 Recent Earthquakes in California and Nevada —> Please visit our reorganized earthquake pages at – http://quake.usgs.gov/ <— including new CA-NV pages at – http://quake.usgs.gov/recenteqs/latest.htm Click on an earthquake on the above map for more information. Click on an arrow at edge or corner of above map to go to an adjacent map. Click here to […]
thestatedtruth.com | April 3, 2010
Is This a Recovery? First, we are in a nascent recovery from the depths of the Great Recession, but the question is “what kind of recovery?” Many suggest that we will see a typical recovery, like we have seen with every recession since World War II. As regular readers know, I don’t think we’ve gone […]
thestatedtruth.com | April 1, 2010
 $3.5 Billion In Outflows Year To Date The broader public, where the first baby boomers begin retiring this year, continues rotating out of equities and into the safety of bonds. The ICI just disclosed that fund flows for domestic equity mutual funds turned negative for the week of March 24 to the tune of almost […]
thestatedtruth.com | March 31, 2010
From The Wall Street Journal: At the root of governments’ problems today are promises made in past decades. As a group, state and local governments have promised an estimated $3.35 trillion in pension and health-care benefits to be paid over the next three decades, but are estimated to have 70% of the money to cover […]
thestatedtruth.com | March 31, 2010
 From The Wall Street Journal………………. Many private-company workers have seen their retirement accounts shrivel, while public-sector benefits have been relatively unscathed. Defined-contribution plans such as 401(k)s had $3.33 trillion in assets at the end of 2009, down 4% from $3.48 trillion in 2006, according to the Federal Reserve. Such accounts have lost value even […]
thestatedtruth.com | March 31, 2010
thestatedtruth.com | March 30, 2010
 By Dunstan McNichol March 30 (Bloomberg) — The two-year slide in tax collections that opened a $196 billion gap in U.S. state budgets has stopped, easing pressure on credit ratings and giving leeway to lawmakers as they craft spending plans for next year. The 15 largest states by population forecast a 3.9 percent gain […]
thestatedtruth.com | March 30, 2010
By David M. Levitt March 30 (Bloomberg) — Downtown Manhattan, where demand for office space began to surge three years after the 9/11 terrorist attacks, is about to lose its spot as the best- performing U.S. market. Vacancies may exceed 14 percent of the area’s 87 million square feet by late 2011, empty space that’s […]
thestatedtruth.com | March 29, 2010
thestatedtruth.com | March 29, 2010
Borrowing costs borne by Government increase dynamically as the cost of forward debt service jumps. As servicing debt consumes the bulk of the Federal budget, it becomes a crisis almost immediately. The bloating of Governmental services, help to the states, and concurrent reluctance on the part of major creditors, just adds to what is an […]
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