thestatedtruth.com | June 27, 2011
Greece is a goner….it sounds like a run on the Greek banks are just around the corner….the ECU needs to move on to bigger fish, like Spain. Today, as part of its Weekly Credit Outlook, Moody’s issued for the first time a very stark warning that should the rate of attrition in domestic deposits (and to […]
thestatedtruth.com | June 27, 2011
What George Soros really means is that they’re about to kick the can down the road again and save the big banks of the world, again….at least until bonus time! George Soros, Chairman of Soros Fund Management and famous for breaking the Bank of England in 1992, has warned that “we are on the verge of […]
thestatedtruth.com | June 26, 2011
From The Wall Street Journal….. Today, U.S. consumers have more mortgage and credit-card debt than they did five years ago. Given the difficulties of paying down debt, “you have to get comfortable with the idea that it’s going to take a long time for the markets to adjust and for the economy to get back on […]
thestatedtruth.com | June 14, 2011
China and Russia are moving up on the Gold holdings chart… but the IMF is selling everything that’s not nailed down. Otherwise it all stays pretty much the same. The Gold production rankings are as follows and listed in order of production……China, Australia, South Africa,USA, Russia and Peru.Â
thestatedtruth.com | June 13, 2011
Greece goes down, just a matter of when! The Greece bonds are now considered junk by rating standards. The big question is does Greece take down the whole Euro complex? Greece was branded with the world’s lowest credit rating by Standard & Poor’s, which said the nation is “increasingly likely†to face a debt restructuring and the […]
thestatedtruth.com | June 2, 2011
Heads up comments from the one and only….Art Cashin on the floor of The New York Stock Exchange. China Drought Worsens, Possibly Putting Pinch On Profits, Populace And Maybe The Government – As we noted last week, new pressures appear to be accelerating in China. Not the least of these is the worsening of the […]
thestatedtruth.com | May 31, 2011
Read this story with a strong sense of doubt. Question each motive and the why and by whom. Then remember what you read just in case it turns out to be right! There are stories out and about, and some even seem believable as they challenge the logic that there isn’t much gold in Fort Knox. To the practical effects on the global economy, should […]
thestatedtruth.com | May 31, 2011
An all time record new high……44.199 million people on food stamps and counting, during an economic recovery! Geez  Courtesy of John Lohman
thestatedtruth.com | May 31, 2011
“The impacts of China’s worst drought in 50 years have been served up on the nation’s dining tables as the price of rice and vegetables from drought-hit provinces have skyrocketed. The average price of staple foods in 50 cities has increased significantly, and the price of some leaf vegetables has jumped 16 percent in one […]
thestatedtruth.com | May 30, 2011
Could computer hackers take down the world financial system and other critical infrastructure, or start a world war….it’s an interesting question. This from the Wall Street Journal: WASHINGTON—The Pentagon has concluded that computer sabotage coming from another country can constitute an act of war, a finding that for the first time opens the door for […]
thestatedtruth.com | May 29, 2011
From The Wall Street Journal Iran is taking steps toward an aggressive new form of censorship: a so-called national Internet that could, in effect, disconnect Iranian cyberspace from the rest of the world. The leadership in Iran sees the project as a way to end the fight for control of the Internet, according to observers […]
thestatedtruth.com | May 29, 2011
Dvid Kotak: Greece is about to blow up. Black butterfly fear plagues the Eurozone’s banking system. Can Greece take down all of Europe! Well, they’re going to try.   We like this part of the review below, Will Roger’s old adage applies: “If you find yourself in a hole, stop digging.â€Â Cumberland Advisors Les Papillons Noirs […]
thestatedtruth.com | May 23, 2011
Ash covered small towns on Iceland’s southeast coast immediately following the eruption. On May 22 a dark cloud of ash reached Reykjavik, prompting city officials to warn people with asthma or other breathing disorders to stay indoors. “Everything is pitch-black,†Gudmundur Vignir Steinsson, a gas-station owner in Kirkjubaejarklaustur, about 75 kilometers from the volcano, said […]
thestatedtruth.com | May 23, 2011
This shouldn’t be news to the readers of TheStatedTruth.com as we broke the original story early on. Tokyo  Electric Power Co. confirmed a meltdown of fuel rods in two more reactors at its Fukushima nuclear plant, which has been emitting radiation since an earthquake and tsunami knocked out power and cooling systems. Fuel rods in the […]
thestatedtruth.com | May 21, 2011
Lakshman Achuthan, founder and managing director of the Economic Cycle Research Institute (ECRI), is calling for a slowdown in global economic growth by this summer. Based on our Long Leading Index of global industrial growth, we expect a downturn to start by summer. Beforehand, prominent shorter-leading indicators of industrial growth, like JoC-ECRI industrial commodity price […]
thestatedtruth.com | May 19, 2011
There is a crisis going on in Europe….and it’s getting worse by the day! Â Protests have been raging in Spain since Sunday, May 15. The one we’ve been seeing pictures of is in Madrid, in the famous Puerta del Sol. But there were protests in 60 different locations on Sunday, and they’re still raging […]
thestatedtruth.com | May 17, 2011
U.S. Housing Starts Unexpectedly Fell in April Surprising Analysts…..We’re wondering what’s so unexpected about it? Work began on 523,000 houses at an annual pace, down 11 percent from the prior month and less than the 569,000 median forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Building permits, […]
thestatedtruth.com | May 16, 2011
It tells us that the Japanese nuclear reactor survived the quake some how, but surprisingly not the tsunami.   Maybe the U.S. economy survived the banking and real estate crisis, but gets crushed by the (floods,debt crisis,weather,currency crash, oil shortage, etc….?), we’ll likely know by fall!  TEPCO admits nuclear meltdown occurred at Fukushima reactor 16 hours after […]
thestatedtruth.com | May 14, 2011
Geithner said in a letter dated May 13,2011 to Sen. Michael Bennet, D-Colo…..“A default on Treasury debt could lead to concerns about the solvency of the investment and financial institutions that hold Treasury securities in their portfolios, which could cause a run on money market mutual funds and the broader financial system,†. The Fed is trying […]
thestatedtruth.com | May 8, 2011
President Obama speaks on the secret operation to take out Bin Laden….President Obama: We know he was there at least five years. The fact of the matter is, you will not see bin Laden walkin’ on this earth again. As nervous as I was about this whole process, the one thing I didn’t lose sleep […]
thestatedtruth.com | May 5, 2011
This from The Hill……If it isn’t a plan, then why float it!  Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations. The Obama administration has floated a transportation […]
thestatedtruth.com | May 3, 2011
Here is a must rerad transcript with  “NBC Nightly News” anchor and managing editor Brian Williams interviewing CIA director Leon Panetta……courtousy of TIME Magazine online.   This interview will air tonight on “NBC Nightly News.” CIA director tells NBC’s Brian Williams there wasn’t question that image would “ultimately†be released. More, on Gaddafi, Pakistan’s involvement in operation and […]
thestatedtruth.com | May 2, 2011
From MSNBC……The interesting story of how it all happened……from start to finish! First intelligence of a courier, then an extraordinary house with high walls — and no telephone or Internet. Bin Laden and a son are among five killed in a firefight. By Bill Dedman It started with an unnamed courier. Senior White House officials […]
thestatedtruth.com | May 2, 2011
If What We Are Told Below Is Right:  Big Question? Does Anybody Truly Believe This….Yes he is dead, but buried at sea already? U.S. says by Islamic practice burial must be with in 24 hours……and that no country would take him. So…. 1) The order was to kill, not capture (which begs the question as to why not […]
thestatedtruth.com | May 1, 2011
The most wanted and hunted person in United States history gets his just reward…….Osama, may you rot in HELL! The United States message is you can run but you can’t hide. President Obama confirmed Osama bin Laden was killed by CIA Special Forces, with a short address to the nation and ended with this quote “ God Bless America”. […]
thestatedtruth.com | April 26, 2011
Rather important to say the least, because what happens here may spread like wild fire across the European continent……another fuse looking for a match! In London on Tuesday, UBS’s City office asked the decisions committee of the International Swaps & Derivatives Association to say whether the Irish government’s new Credit Institutions Act signals a “restructuring […]
thestatedtruth.com | April 20, 2011
An excellent review of the world economic picture and the future of Gold By Ron Hera April 15, 2011 ©2011 Hera Research, LLC The Hera Research Newsletter (HRN) is pleased to present an in-depth interview with Jim Sinclair, Chairman and CEO of Tanzanian Royalty Exploration and founder of Jim Sinclair’s MineSet, which hosts his gold commentary […]
thestatedtruth.com | April 19, 2011
States see biggest revenue drop in 60 years…In a sign of the sluggish economy’s devastating impact, state government revenue across the country dropped by nearly one third in 2009 – the sharpest decline in 60 years, the Census Bureau said in a new report. Expectations are for 2010 show improvement, but 2011 isn’t going to […]
thestatedtruth.com | April 19, 2011
 China and the End of the Deng Dynasty By Jennifer Richmond and Matthew Gertken | April 19, 2011 Beijing has become noticeably more anxious than usual in recent months, launching one of the more high-profile security campaigns to suppress political dissent since the aftermath of Tiananmen Square crackdown in 1989. Journalists, bloggers, artists, Christians […]
thestatedtruth.com | April 18, 2011
History shows it’s all forgotten by the next day……maybe this time will be different! A stark warning from S&P about the U.S. government’s fiscal problems stoked concern on Wall Street and in Washington on Monday, intensifying political divisions concerning the growing deficits. House of Representatives Republican leader Eric Cantor on Monday called the Standard & Poor’s downgrade […]
thestatedtruth.com | April 18, 2011
No surprise here….The U.S. seems to have its fingers in every pie!  From the Associated Press April 17, 2011  WASHINGTON—The State Department has been secretly financing opponents of Syrian President Bashar Assad, the Washington Post reported, citing previously undisclosed diplomatic documents provided to the newspaper by the WikiLeaks website. One of the outfits […]
thestatedtruth.com | April 17, 2011
Hmm….The University of  Texas whose $19.9 billion in assets ranked it second only behind Harvard University’s endowment as of August, added about $500 million in gold investments to an existing stake last year, and took delivery of almost $1 billion in gold bullion….”storing the bars in a New York vault, according to the fund’s board.” said Bruce Zimmerman, […]
thestatedtruth.com | April 14, 2011
Say what, how much did the IMF say….yep, pushing 4 trillion dollars, looks like another piece of dynamite looking for a match!!   For 2011, Japan and the United States face the largest public debt rollovers of any advanced economy at 56 percent and 29 percent of gross domestic product, respectively. It repeated its warning that the United […]
thestatedtruth.com | April 11, 2011
Nuclear Whistleblower: “Spent Fuel Pools in U.S. are a potential timebomb, situation can get worse than Chernobyl .So here in is the problem, will any government in the world be honest about nuclear power plant problems until it’s to late! This is just one of the many reasons to say no to nuclear power solutions! Interview by Tuur Demeester […]
thestatedtruth.com | April 11, 2011
Just for the record…..level 7! And now we are getting unconfirmed reports that radiation content in Hawaii milk is orders of magnitude greater than Federal Drinking water limits. While one can bicker over the exact number, it is certain that as long as Fukushima continues to billow radioactive smoke, steam and/or water, cumulative radiation levels, both […]
thestatedtruth.com | April 8, 2011
The Middle East is a fuse looking for a match…. Syrian security forces opened fire on tens of thousands of protesters across several cities Friday, killing at least 20 people, wounding hundreds and forcing residents to turn mosques into makeshift hospitals.
thestatedtruth.com | April 6, 2011
Portugal has been saying we are good, we don’t need help…they have been saying it over and over…Now, Portugal says we need help fast! The dominoes are falling in Europe, and we haven’t seen anything yet! Running out of money and paralyzed by a political crisis, Portugal said it would ask the European Union for a financial […]
thestatedtruth.com | April 5, 2011
Did You Know…..More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined. Even more interesting are some of the state ratios. Consider this statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is […]
thestatedtruth.com | April 3, 2011
Over the next decade, a million things could happen, the least of them we think is $4 trillion in spending cuts. From The Wall Street Journal: House Republicans will propose slashing federal spending by more than $4 trillion over the next decade, by capping spending, overhauling entitlement programs and revamping the tax system, the chairman of […]
thestatedtruth.com | April 1, 2011
Governments are STUPID……Last week we found out that fewer new houses were sold in February than in any month since they started keeping records in 1963….yep, the more you give somebody, the more they become reliant on it, then when it stops, they don’t know what to do. We’re seeing this same thing happen over and over. […]
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