thestatedtruth.com | April 29, 2010
By Dawn Kopecki April 29 (Bloomberg) — JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among U.S. investment banks that may be forced to raise an additional $250 billion in capital, cut executive pay and divest some of their most lucrative assets under a bill on the U.S. Senate floor today, analysts say. […]
thestatedtruth.com | April 27, 2010
Banks Bet Against U.S. Cities, States First Posted: 04-27-10 Amidst growing pessimism about the financial condition of U.S. cities and states, investors are increasingly buying financial instruments that essentially allow them to short sell or bet against cities and states, says a Wall Street Journal report. Offered by banks like JP Morgan, Bank of America, […]
thestatedtruth.com | April 27, 2010
  http://www.leap2020.eu/GEAB-N-43-is-available-Global-systemic-crisis-USA-UK-The-explosive-duo-of-the-second-half-of-2010-Summer-2010-The-Bank_a4531.html
thestatedtruth.com | April 25, 2010
Interesting comments and photos of a new U.S. space shuttle…….from Russia’s Prauda.     The weapon station of space. This is what some critics are calling the recent launch by the United States Air Force (USAF) of an unmanned space shuttle called X-37B.  http://english.pravda.ru/photo/report/shuttle-5342
thestatedtruth.com | April 23, 2010
thestatedtruth.com | April 23, 2010
Well, just curious, who would trust these guys……………..The Greek government pushed the button on an emergency financial bailout package Friday, formally acknowledging that it needs loans from its European neighbors and the International Monetary Fund to avoid a humiliating bankruptcy. The move came after weeks of insistence by Athens that it would not have to […]
thestatedtruth.com | April 20, 2010
April 20, 2010 By George Friedman The status of Iraq has always framed the strategic challenge of Iran. Until 2003, regional stability — such as it was — was based on the Iran-Iraq balance of power. The United States invaded Iraq on the assumption that it could quickly defeat and dismantle the Iraqi government and […]
thestatedtruth.com | April 20, 2010
Jim Chanos, hedge fund manager and president of Kynikos Associates, sat down with FOX Business Network’s Charlie Gasparino and Brian Sullivan to talk Lehman Brothers (LEHMQ) investigation, Goldman Sachs (GS) vs SEC, predicting financial scandals and China.  Apr 20, 2010 Courtesy of Fox Business Network On whether Lehman was a criminal fraud: “I think […]
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
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 6, 2010
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 | March 29, 2010
03/29/2010  “We have 3,500 nuclear weapons left over from the cold war we don’t need, they take 20 seconds to re-aim, we’re not afraid to use them, and by the way, they’re already aimed at you.†That is the approach James Baker III thinks America should take with Iran, Ronald Reagan’s Chief of Staff […]
thestatedtruth.com | March 29, 2010
The decline in the U.S. Â bee population, first observed in 2006, is continuing, a phenomenon that still baffles researchers and beekeepers.Data from the US Department of Agriculture show a 29 percent drop in beehives in 2009, following a 36 percent decline in 2008 and a 32 percent fall in 2007. This affects not only honey […]
thestatedtruth.com | March 22, 2010
I.M.F. Gives Debt Warning for the Wealthiest Nations BEIJING — The global economic crisis has left “deep scars†in the fiscal balances of the world’s advanced economies, which should begin to rein in spending next year as the recovery continues, the No. 2 official at the International Monetary Fund said on Sunday in Beijing. In […]
thestatedtruth.com | March 19, 2010
Military Priorities in Afghanistan  Gen. David Petraeus, commander of U.S. Central Command, testified before the House and Senate Armed Services Committees in Washington this week, saying that military progress in Afghanistan will be difficult this year. Afghan security officials recently have issued similar warnings, noting that the number of violent assaults is likely to […]
thestatedtruth.com | March 17, 2010
On this day in the year of our Lord 389, there lived a foin broth of a lad who was…. dependin’ on the boyographer ye read: a Spanish peasant, a French herdschild, a Celt from Bannavem or a Gael from Dumbarton, Scotland. At any rate, at age 16 this lad was kidnapped by pirates and […]
thestatedtruth.com | March 16, 2010
Moody’s fears social unrest as AAA states implement austerity plans The world’s five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohnesion”, according to a report on sovereign debt by Moody’s. By Ambrose Evans-Pritchard Published: 6:48PM GMT 15 Mar 2010 The US […]
thestatedtruth.com | March 16, 2010
Is It A Bluff Or Is It Battle Preparation? – Several blogs have picked up on reports that the U.S. may be transferring “bunker-buster bombs†to a base in the Indian Ocean. Here’s a part of a story in the Sunday Herald of Scotland: Hundreds of powerful US “bunker-buster†bombs are being shipped from California […]
thestatedtruth.com | March 16, 2010
 . Germany: Mitteleuropa Redux By Peter Zeihan | March 16, 2010 The global system is undergoing profound change. Three powers — Germany, Iran and China — face challenges forcing them to refashion the way they interact with their regions and the world. We will explore each of these three states in detail in our […]
thestatedtruth.com | March 11, 2010
Silverstein May Default on Debt for 575 Lexington By Brian Louis and David M. Levitt March 10 (Bloomberg) — New York developer Larry Silverstein, who teamed with the California State Teachers Retirement System to buy a 35-story skyscraper in 2006, now faces “imminent default†on debt tied to the property, Fitch Ratings said today. Silverstein […]
thestatedtruth.com | March 11, 2010
Here‘s a rundown of average income tax rates for 10 high-tax countries, based on information from the Organisation for Economic Co-Operation and Development. The data are for 2008, the most recent numbers available.  10. Australia Income tax rates: Single, no child: 22.6% Single, two children: 22.6% One-earner married couple, no child: 19.1% One-earner married couple, two children: […]
thestatedtruth.com | March 10, 2010
Pimco’s El-Erian Says Public Finance Shock May Deepen By Garfield Reynolds March 11 (Bloomberg) — Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, said deteriorating public finances around the world may affect the global economy more than is currently realized. “The importance of the shock to public finances in advanced economies is […]
thestatedtruth.com | March 10, 2010
There are two considerations here……. 1. Wall Street owns Washington and derivatives are their main source of income. That makes it doubtful that meaningful changes will occur. Â 2. The argument will be that they did not play the euro short via CDS pressure on debt. They are correct. They played the debt itself short. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â […]
thestatedtruth.com | March 9, 2010
China’s Challenge March 9, 2010 | 0958 GMT  By Jennifer Richmond and Rodger Baker China’s National People’s Congress (NPC) remains in session. As usual, the meeting has provided Beijing an opportunity to highlight the past year’s successes and lay out the problems that lie ahead. On the surface at least, China has shown remarkable […]
thestatedtruth.com | March 9, 2010
EU, Merkel Urge Swap Regulation as Greece Takes Plea to U.S. By Rainer Buergin and Ben Moshinsky March 9 (Bloomberg) — The European Union’s top regulatory official said the bloc will consider banning “purely speculative†credit-default swaps as German Chancellor Angela Merkel called for a crackdown on derivatives trading to prevent a rerun of the […]
thestatedtruth.com | March 9, 2010
SULTANS OF SWAP:  Fearing the Gearing! Ever imagine getting your tie caught in a mechanical set of gears (sorry ladies – but I will spare you). The results are nasty! Now you know what the Sultans of Swap in the $695 Trillion global OTC derivatives market feel like. Every day the slow moving gears of […]
thestatedtruth.com | March 7, 2010
Paul Volcker……..Volcker used his speech to lay out the reasoning behind the so-called Volcker Rule that underpins the legislation sent by President Barack Obama to Congress this past week. He also pointed to the “abuse†of derivatives to massage Greece’s budget deficit as a reason to tighten regulation of the securities.“Surely the recent revelations about […]
thestatedtruth.com | March 7, 2010
Does that make them (you know the old saying)…. indian traders?  This doesn’t sound good, to say the least!   It will also likely effect aspects of world markets in commodities, real estate and stock markets because they’ve been a large part of world growth.    China plans to nullify all guarantees local governments have provided for loans taken by […]
thestatedtruth.com | March 5, 2010
Anybody notice how hard it is to slow down deficit spending habits. it causes riots and all kinds of mischief!  Debt has to come down. How do we explain this to the average person who’s been taught to borrow and spend? Speculators Eye Next Prey How Safe Is Britain’s Proud Pound? By Carsten Volkery in […]
thestatedtruth.com | March 3, 2010
Wednesday, March 3, 2010 From……Cashin’s Comments on the floor of The New York Stock Exchange More On The Iran Quandary – In Tuesday’s Comments, we alluded to an evaluation of the U.S./Iran standoff by Stratfor. We thought their essay good enough to revisit. Here’s a bit of the assessment: Iraq, not nuclear weapons, is the […]
thestatedtruth.com | March 2, 2010
 Pimco’s El-Erian: We’re half-way through a ‘multiyear resetting of the global economy’   By Drew Carter March 2, 2010  The world is in the middle of a multiyear resetting of the global economy, Mohamed El-Erian, PIMCO CEO and co-chief investment officer, said at a news conference in London today.He said it will take […]
thestatedtruth.com | March 2, 2010
In The Times – The Abu Dhabi media website “The National†ran the following report under the headline “That was a war council in Damascusâ€: The three-party meeting that took place in Damascus on Friday gathering the Syrian president Bashar al Assad, the Iranian president Mahmoud Ahmadinejad and the Hizbollah chief Hassan Nasrallah was a […]
thestatedtruth.com | March 2, 2010
On this day (-1) in 1917, markets were roiled by news about Mexico. The news also helped to decide World War I (or so some think). Now don’t get upset you little historian, you. We know that you know that America had not yet even entered the war (or even officially picked a side). But […]
thestatedtruth.com | March 2, 2010
  March 1, 2010 | 1703 GMT By George Friedman The United States apparently has reached the point where it must either accept that Iran will develop nuclear weapons at some point if it wishes, or take military action to prevent this. There is a third strategy, however: Washington can seek to redefine the […]
thestatedtruth.com | March 1, 2010
March 1, 2010Â |Â 11:55 am One of the most-anticipated reactions of the Vancouver Games appears to have taken off. Russian President Dmitry Medvedev has demanded the country’s sports officials resign following Russia’s disappointing performance in the Winter Olympics. In a televised statement, Medvedev told officials to resign before the government would force them out. “Those who […]
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