thestatedtruth.com | January 27, 2011
Billionaire investor and philanthropist George Soros said Thursday in an interview with CNBC’s Maria Bartiromo that the deficits facing U.S. municipalities will be the “drama of the next year.†Soros also said that what ever recovery we have will be finished by mid year and that interest rates will start to rise later in the year.Â
thestatedtruth.com | January 27, 2011
Hey, what about us here in the USA, Uncle Sam says nope, no inflation here, you on social security get no cost of living raise….but our good buddies in Congress, well that’s another story. Inflation is one of the issues on the agenda in Davos, as the prices of food and other commodities rise, reducing […]
thestatedtruth.com | January 26, 2011
Yep, a nickel is worth 6.8 cents in metal value or 36% more then the $.05 it represents in spendable value! Yes, it’s true; the value of a nickel is soaring, even as the value of a dollar is slumping. That’s because every nickel that rolls out of the U.S. Mint contains about 3.75 grams of […]
thestatedtruth.com | January 25, 2011
This article explains why natural gas is so cheap. Oil companies used to just burn off the natural gas in the Gulf of Mexico  because they didn’t know what to do with it.  Who has been harking on this subject for years, yep….Oklahoma farm boy and self made billionaire T Boone Pickens. He says we need to take advantage […]
thestatedtruth.com | January 25, 2011
Inquiring minds want to know how you can have growth with a spending freeze?  Right, you can’t! Obama will call for a five-year freeze on nonsecurity discretionary spending in his State of the Union address “as a down payment toward reducing the deficit,” a White House official said. The president will propose some new spending […]
thestatedtruth.com | January 24, 2011
It’s hard to have substantial economic growth when you don’t have population growth. So, real estate will have a hard time bouncing very far, and the same goes for other asset classes that the U.S.Fed has artificially stimulated like stocks and commdities for an example!
thestatedtruth.com | January 23, 2011
It looks like the calm before another storm created by CRE loans in the next 3 years. We know vacancy rates remain high and we know values have not recovered. LTV ratios look to be very tight for many a bank CRE loan. As mentioned below, we crescendo in terms of CRE loan maturities between now and 2013. […]
thestatedtruth.com | January 23, 2011
We have followed Clif Droke for a number of years, and his record with the Kress Cycles is one step ahead of most others. The Kress cycles will take on the financial markets, and by extension the economy from 2012-2014. This will come as a shock for the most optimistic observers. The final “hard down†phase of the […]
thestatedtruth.com | January 23, 2011
So, 5% of the New York state public work force will just go away……California should hope to be so lucky. Headline: N.Y Governor Cuomo Weighs More Than 10,000 Layoffs New York Gov. Andrew Cuomo is weighing plans to lay off more than 10,000 government workers, rivaling the number of pink slips handed out by his father a […]
thestatedtruth.com | January 21, 2011
Jerry Brown, California’s governor, declared a state of fiscal emergency on Thursday for the government of the most populous US state to press lawmakers to tackle its $25.4 billion budget gap. The 72-year-old governor also wants the legislature to back a ballot measure for a special election in June that would ask voters to extend […]
thestatedtruth.com | January 20, 2011
Hmm…They’re really getting serious about this. These pensions will never survive in the current form. Only a matter of time! Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. […]
thestatedtruth.com | January 20, 2011
By Al Yoon NEW YORK (Reuters) – Home prices fell for the 53’rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow. Home prices have fallen 26 percent since their peak in 2006, exceeding the 25.9 percent drop registered […]
thestatedtruth.com | January 20, 2011
Stratfor’s Annual Forecast ….Here are some examples of this year’s themes: – The U.S. is unlikely to withdraw from Iraq as promised in 2011. – The U.S. economy will grow. – In Europe, more countries will need bailouts. – Russian-German relations will strengthen. – Japan will rot, but it will rot in seclusion. Here are […]
thestatedtruth.com | January 19, 2011
The bill to repeal Obamacare just passed the House, easily by a vote of 245-188. Now it goes to the Senate, where Harry Reid says it won’t come up for a vote.
thestatedtruth.com | January 18, 2011
This morning, we see Britain’s consumer price index grew in December to an annualized 3.7%. Fuel prices are growing at their fastest pace since July, and food prices are rolling at a rate last seen in May 2009. Like the U.S. Federal Reserve, the Bank of England has an inflation “sweet spot†of 2%. But Britain’s […]
thestatedtruth.com | January 17, 2011
This read actually makes a lot of sense, and it takes the government out of the picture. We would add one more thing….. that is for most mortgages to be assumable like they used to be. The negative short term draw back is that like everything the government gets involved with, once they leave, there will […]
thestatedtruth.com | January 16, 2011
thestatedtruth.com | January 16, 2011
Expected tomorrow…. “Approximately 40 politicians” will be included in the next WikiLeaks release. The list will include “high net worth individuals, multinational conglomerates and financial institutions – hedge funds”.  They are said to be “using secrecy as a screen to hide behind in order to avoid paying tax”. They come from the US, Britain, Germany, Austria and […]
thestatedtruth.com | January 15, 2011
Wikipedia is 10 years old!  The site is currently the fifth-most visited Website on the Internet, with about 400 million people visiting each day, looking up information on just about anything — science, math, languages, art, culture, company histories and entries on sports.  What is extraordinary about this free encyclopedia, which contains more than 17 […]
thestatedtruth.com | January 14, 2011
TopRetirements.com gave the most weight to three criteria: taxes, fiscal health and climate. Each of these factors is important, generally speaking, to retirees. On the financial front, high taxes can eat away at limited incomes, while poor fiscal health can force state governments to raise revenue or cut services. A warm climate is a natural […]
thestatedtruth.com | January 14, 2011
This may happen, but one would think it is more likely to be the by product of a devastating earthquake. California has more risk of catastrophic storms than any other region in the country – even the Southern hurricane states, according to a new study released Thursday. The two-year study by the U.S. Geological Survey is the most […]
thestatedtruth.com | January 14, 2011
The FAO (Food and Agriculture Organization of the United nations) said its food price index jumped 32 percent in the second half of 2010, soaring past the previous record set in 2008. Strained by rising demand and battered by bad weather, the global food supply chain is stretched to the limit, sending prices soaring and […]
thestatedtruth.com | January 14, 2011
This from Art Cashin on the floor of The New York Stock Exchange……..Basically the government doesn’t get it!  Last Friday, speaking in Germany, [European Central Bank President] Jean-Claude Trichet said it best: “Monetary policy responsibility cannot substitute for government irresponsibility.†Fiery Fedspeak –There were some interesting comments from several Fed presidents yesterday. One eye-opener came […]
thestatedtruth.com | January 13, 2011
This is an amazing story! TUCSON, Ariz. — U.S. Rep. Gabrielle Giffords has passed a “major milestone” on her recovery from a gunshot wound to the head, doctors said Thursday. The Arizona congresswoman has been sitting up, dangling her legs on the edge of the hospital bed and moving her limbs in response to commands. That’s […]
thestatedtruth.com | January 13, 2011
The storms, which began on Tuesday, sent tons of red mud and torrents of water rushing down mountainsides into homes. At least 348 people have been killed in the last 24 hours as torrential rain triggered mudslides that smashed through towns around Rio de Janeiro in Brazil. Heavy rains earlier in the week killed 13 […]
thestatedtruth.com | January 13, 2011
This will be interesting to say the least!  Even if repeal were to pass the Congress, Obama has said he would veto it.
thestatedtruth.com | January 12, 2011
In this week’s New Statesman, WikiLeaks founder Julian Assange talks to John Pilger about his “insurance” files on Rupert Murdoch and Newscorp – and which country is the real enemy of WikiLeaks. To read the entire feature, pick up a copy of this week’s New Statesman available on newsstands from tomorrow. Some highlights of the […]
thestatedtruth.com | January 12, 2011
We’ve been talking about this, it’s called food inflation and it’s about to get out of hand over the next year because of adverse weather……Grain prices soared after the USDA made a deep cut in its outlook for global supplies.Â
thestatedtruth.com | January 11, 2011
Rising food inflation sparked violence across the Middle East and South Asia over the weekend. Why?…. Demonstrators were protesting the high cost of staple commodities like sugar, rice and milk.  The outbursts have triggered fears that the world is due for a revisit of the 2008 food protests that rocked many countries. Food prices are now […]
thestatedtruth.com | January 11, 2011
LONDON – WikiLeaks will step up its publication schedule of secret documents, founder Julian Assange announced Tuesday, promising more revelations based on the group’s stash of confidential U.S. embassy cables and other leaks. “We are stepping up our publishing for matters related to Cablegate and other materials, “Those will shortly be occurring through our newspaper […]
thestatedtruth.com | January 10, 2011
If this is plan B, inquiring minds wonder what plan C would look like! In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to […]
thestatedtruth.com | January 10, 2011
No change is good,” says a neurosurgeon who treated the congresswoman. Doctors are monitoring her brain for swelling, which usually peaks three days after an injury. Rep. Gabrielle Giffords” condition essentially remained unchanged overnight Sunday, doctors at University Medical Center in Tucson said in a Monday news conference. “No change is good, and we have […]
thestatedtruth.com | January 9, 2011
This is why Gold and Silver has been sought by the smart money! Brazil has warned that the world is on course for a full-blown “trade war†as it stepped up its rhetoric against exchange rate manipulation. Guido Mantega, finance minister, told the Financial Times that Brazil was preparing new measures to prevent further appreciation of […]
thestatedtruth.com | January 9, 2011
A second person sought in Tucson shootings is said to be cleared by authorities…..Was cab driver of the shooter. Reporting from Los Angeles and Tucson — The bullet that passed through U.S. Rep. Gabrielle Gifford’s  brain tore through only one hemisphere before exiting, missing the crucial central parts of the brain that control most bodily and […]
thestatedtruth.com | January 9, 2011
Wow….One wonders what kind of semiconductor sensors these were back in the day. The first personal computer wasn’t even invented until 1972, Xerox claims it was a Xerox PARC (ALTO), the Apple verson was invented in 1976, the Apple I, it then became, yep the Apple IIe. So now you know! Signals from seismic sensors left on the […]
thestatedtruth.com | January 9, 2011
Next up, California……Illinois just kicked the can down the road, there is no chance this tax will ever go back to where it was. None, Not’a, Zippo, Zero……You get the point. SPRINGFIELD, Ill. (CBS) – Gov. Pat Quinn and the leaders of both houses of the Illinois General Assembly have agreed on raising the state income […]
thestatedtruth.com | January 8, 2011
We think all would agree, this is a travesty. Our liberties and freedom will become even more compromised as events like these change the landscape around us. Ms. Giffords, 40, who the authorities said was the target of the attack, was said to be in very critical condition at the University Medical Center in Tucson, where […]
thestatedtruth.com | January 7, 2011
Let’s call a spade, a spade. Seriously….this is a “HOT POTATO” to the tenth degree! Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank bailout of state and local governments hung with big municipal debt burdens, saying the Fed had limited legal authority to help. Bernanke: If municipal defaults do become a problem, it would […]
thestatedtruth.com | January 6, 2011
Rick’s Picks Thursday, January 6, 2011 “Phenomenally accurate forecastsâ€Â                                   (Cam Fitzgerald posted the following essay in the Rick’s Picks forum, but I am presenting it as a guest commentary because it discusses the all-too-real implications of America’s economic crisis so bluntly. Many of you, even the pessimists, will be troubled by this grim jeremiad, and […]
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