thestatedtruth.com | November 8, 2011
This from Reuters – An “epic” storm is bearing down on western Alaska on Tuesday, the National Weather Service said, warning that it could be one of the worst on record for the state. The storm, moving inland from the Aleutian Islands, was expected to bring hurricane-force winds with gusts up to 100 miles per hour, […]
thestatedtruth.com | November 8, 2011
No, we didn’t make this up….really, who could even have dreamed up such a thing? From Art Cashin on the floor of The New York Stock Exchange: There are new reports of earth tremors around the El Hierro volcano in the Canary Islands. As you probably recall, El Hierro is located on a very unusual […]
thestatedtruth.com | November 2, 2011
Fed assumptions become more realistic….we say better late then never, especially when in denial. FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9% FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7% FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8% FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9% FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2% […]
thestatedtruth.com | November 2, 2011
We’ve heard this for months now, but the thinking was that Big Daddy (the U.S.) shut the idea down…. Sky News has reported that Israeli Prime Minister Benjamin Netanyahu is trying to rally support in his cabinet for an attack on Iran, according to government sources. “The country’s defence minister Ehud Barak and the foreign […]
thestatedtruth.com | October 24, 2011
This all makes sense…and we agree, but the problems at hand need to be dealt with first. At some point going forward the tables will turn, and “Made in America, Again” will begin a new! The groundwork is being set now. Best guess….things could get rolling by 2016-2017! The “shale gas revolution” has turned America into the world’s […]
thestatedtruth.com | October 23, 2011
We’ve all heard about what’s going on in Greece…but this bubble chart will help explain how other countries in Europe compare.
thestatedtruth.com | October 19, 2011
We think most everyone respects Steve Wynn, the famous Las Vegas developer…but maybe even more so now! Here anew are Steve Wynn’s own words on Prsident Obama, “You cannot sustain these deficits, you cannot undercut the people that form the jobs and create the employment in this country. Now, that is simply a statement of fact. It isn’t a partisan political pitch.” “It’s […]
thestatedtruth.com | October 18, 2011
Mort Zuckerman has for years owned U.S. News and World Report Magazine. He says in 1986 its Moscow correspondent Nicholas Daniloff was seized without warning by the KGB. Mr. Zuckerman immediately flew to Russia but returned home when Soviet officials refused to release their new prisoner. “I worked in the White House for the next four weeks […]
thestatedtruth.com | October 17, 2011
Some fresh perspectives from Gene Inger….Security wise the giant U.S. Air Force’s supply and logistics’ exercise in the Middle East is an early ‘stronger’ initiative from Leon Pannetta (our new Defense Secretary). And, as to the demonstrations around the country, the key to prosperity: a) bring back American industry (‘buy Made in the U.S.A.’ does make […]
thestatedtruth.com | October 16, 2011
Let’s look at the thoughts of Robert Reich’s mission and not worry about it being Democratic or Republican…because as he explains things, it makes a lot of sense…. as for us at TheStatedTruth.com, well remember we’re just the messenger! Robert Reich: “Look at the Progressive reforms between 1900 and 1916; the New Deal of the 1930s; the […]
thestatedtruth.com | October 15, 2011
What we have here is a warning shot over the bow; to the government, the mega rich and the elite…are they listening or in denial? Hello, Hello? “So, you can laugh at or disparage the demonstrators all you want. You can call them spoiled, silly or sophomoric. You can single out the fringe and think it’s representative of the whole. But […]
thestatedtruth.com | October 12, 2011
Remember one thing…when people are broke, they have nothing to lose. The “system” as we have known it, is going down. There is a reason for the protests going on around the world. Politicians and corporate America, need to get real. We are in the early stages of a huge class war – the rich vs. […]
thestatedtruth.com | October 11, 2011
What’s coming at us over the next few years, will likely make 2008 look like a warm up! Nevertheless, … analysts are expecting another earnings season of double-digit growth (the eighth quarter in a row), yep…even though corporate earnings as a percentage of GDP are in the area of all time record levels seen only 4 other times in history, […]
thestatedtruth.com | October 9, 2011
Dexia’s Belgian Bank To Be 100% Nationalized… They are talking Good Bank, Bad Bank….the good assets are put into a “good bank” that will operate going forward and is owned by the governments of France and Belgium, the bad bank assets (worthless?) will be in another bank to handle all of the troublesome crap…. “The governments of […]
thestatedtruth.com | October 9, 2011
The Daily Reckoning……It’s Top Secret This from an episode of Frontline called “Top Secret America.”…..One example is the Office of the Director of National Intelligence. According to Dana Priest the DNI started as 11 people in the Old Executive Office Building. In short order, it grew to a couple of hundred people and moved to […]
thestatedtruth.com | October 9, 2011
Here’s the real reason for the Wall Street protests….Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment. That sums it up! Robert Reich, President Clinton’s Secretary of Labor said recently – The top one half of […]
thestatedtruth.com | October 7, 2011
thestatedtruth.com | October 6, 2011
IMF Advisor Robert Shapiro comments on the European financial crisis: “In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks” Rest assured this is unlikely to happen, because it’s a game of dominoes. Once the first one goes down, they all go down! And da boys in Europe […]
thestatedtruth.com | October 2, 2011
This is how depressions start, and don’t think for a moment that the United States doesn’t know it…..one mistake turns into many. Europe has many. It starts in Europe, then given time it moves around the world. Dexia, one of Belgiums largest banks is tying its best not to go night night (no problem, the Europeans will […]
thestatedtruth.com | September 25, 2011
And so it goes…Former U.S. Treasury Secretary Lawrence Summers “I’ve been to 20 years of IMF meetings, and there’s not been a prior meeting at which matters have had more gravity and at which I’ve been more concerned about the future of the global economy.” Billionaire investor George Soros said “something needs to be done” […]
thestatedtruth.com | September 17, 2011
So far the record low interest rates have only kicked the can down the road by allowing desperate debt to prolong its misery. History will likely show this to be a catastrophic economic mistake. In the process, we have destroyed the retirement class by forcing them into higher risk assets.
thestatedtruth.com | September 16, 2011
Yep, here is the way it went down… U.S. Treasury Secretary Timothy Geithner goes to Europe, and gives a lesson on the benefits of borrowing more money to jump start European economies and save the Euro, then speaks of ‘catastrophic risk’, but Austrian Finance Minister Maria Fekter found it “peculiar” to be lectured by the U.S., a country with higher aggregate debt than […]
thestatedtruth.com | September 10, 2011
A bug looking for a windshield! Egypt’s ruling military council declared a state of emergency to restore order after protesters attacked the Israeli embassy in Cairo. Egyptian commandos rescued embassy security personnel and civil security forces dispersed protesters gathered outside the embassy for a second day. “The fact that the Egyptian authorities acted decisively to bring […]
thestatedtruth.com | September 9, 2011
The Middle East is starting to melt………Egyptian police stood aside as activists tore down the concrete wall of the Israeli embassy to the cheers of hundreds of demonstrators, then burned an Israeli flag. (From Reuters) – Thousands of Egyptian activists destroyed a wall around the Israeli embassy and set police cars on fire in Cairo on Friday at […]
thestatedtruth.com | September 6, 2011
We’re not particularly found of him, but Donald makes a good point! “China gets their oil from Libya. Why isn’t China involved? They’re going out and spending billions of dollars a day on trying to take over the world economically. And we’re spending billions and billions and billions of dollars on policing the world. Why isn’t […]
thestatedtruth.com | September 6, 2011
Food for thought! China slows, bad for commodities. China grows, good for commodities. Makes sense, right? In case you missed it, China’s manufacturing activity fell for the third straight month in June. The official purchasing managers index stood at 50.9, down from 52 in May. Any number over 50 means expansion and below that means […]
thestatedtruth.com | September 1, 2011
We’ve already heard that the Pentagon warned the White House about September being a dangerous period between Israel and Iran…Now we hear from France. It’s probably another reason why Gold is acting so good against what is normally a negative summer seasonality. France’s President Nicolas Sarkozy warned on Wednesday that Iran’s alleged attempts to build long-range missiles and nuclear […]
thestatedtruth.com | August 31, 2011
$1 Trillion in capital needed in Europe for banks…Geez Gold anyone? From the WSJ: “Here we go again,” says the Goldman report, amid a number of charts displaying negative statistics similar to those that portended problems before the 2008 financial panic. “Solving a debt problem with more debt has not solved the underlying problem. In the […]
thestatedtruth.com | August 23, 2011
We have touched on this important subject back on July 17th and again just a few days ago on August 19th here at TheStatedTruth.com in an article that was titled “Things That Could Go Bang And Change The World“. Scroll down to read it. Israeli-Arab Crisis Approaching By George Friedman | August 23, 2011 In September, the U.N. General […]
thestatedtruth.com | August 19, 2011
Just a reminder that this was posted on www.thestatedtruth.com back on July 17th……… War between Iran-Israel… CIA veteran Robert Baer, I think we are looking into the abyss, there is a warning order inside the Pentagon to prepare for war. There is almost near certainty that Netanyahu is planning an attack [on Iran] and it will probably be in September […]
thestatedtruth.com | August 6, 2011
More specifically it looks like Italy is next up and Spain is in the hole when it comes to new insolvent disasters! Global leaders call for an urgent emergency summit of finance ministers. Is it dominoes we hear falling? Referencing Spiegel: Concerning the EFSF (European Financial Stability Facility) German Govt: Italy Too Big For EFSF To Save German […]
thestatedtruth.com | August 2, 2011
In a puff of smoke….sounds like Putin doesn’t like us (U.S.) anymore? As if he ever did! On the other hand, he makes some startlingly good observations. Putin says U.S. is “parasite” on global economy Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means “like a parasite” on the global economy […]
thestatedtruth.com | July 21, 2011
Apple’s newest Lion software upgrade is laying in wait to test out the latest Mac book computer. Bloomberg reviews the newest tech below! Apple says its newest operating system called Lion won’t need a mouse, that’s right, no mouse…..Lion, is the new version of the software that runs Apple Inc. (AAPL) s Macs and is also the first personal-computer operating system […]
thestatedtruth.com | July 21, 2011
Bad seats, hey buddy! Leaders of the Eurozone announced a huge new financial bailout package for Greece on Thursday, doubling up the amount of loans originally agreed upon ……The 17 EU nations that use the euro, offered Athens $157 billion in new loans, a nearly identical aid package to last year.
thestatedtruth.com | July 20, 2011
ABC reports……. Sabotage by an insider at a major utility facility, including a chemical or oil refinery, could provide al Qaeda with its best opportunity for the kind of massive Sept. 11 anniversary attack Osama bin Laden was planning, according to U.S. officials. A new intelligence report from the Department of Homeland Security issued Tuesday, […]
thestatedtruth.com | July 20, 2011
It’s the new normal, and it’s going to be here a while….. NAR: With job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals….And proposals being considered in Washington could effectively put more restrictions on lending. An unprecedented 16% cancelled contracts in June. According to the NAR, June existing home sales […]
thestatedtruth.com | July 18, 2011
Some opinions to be reckoned with…. it’s time to pay attention to the road everyone. From Reuters: Former U.S. Treasury Secretary Lawrence Summers explains….The European financial crisis has entered a new and far more dangerous phase. Where the crisis had been existential for small economies on the periphery of Europe but not systemically threatening to […]
thestatedtruth.com | July 10, 2011
Greece is a lost cause. Next up is either Italy or Spain. Both the Dollar and the Euro currencies are in trouble. The last man standing looks to be Gold. From the NY Times…… LONDON — Top European officials planned to meet on Monday to wrestle with threats to the currency union as fears mounted […]
thestatedtruth.com | July 8, 2011
It’s “elementary, my dear Watson”…..Follow the floating balls in the chart below, the bigger the ball, the worse the debt/GDPÂ situation is for that country. When it comes to the stability of the European dominoes, let’s think for a moment about Italy, which is not only the second worst country in Europe after Greece on a […]
thestatedtruth.com | June 27, 2011
Remember the old saying, you’re only as strong as the weakest link….or links which is the case more often now days. Looks like the dominoes in Ireland are falling. They’re not alone. “Ireland is screwed,” said a local expert. “Our property developers are broke. And they owe a lot of money to the banks. So they’re broke too. […]
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