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 | June 2, 2011
This new super bug (we’re not talking Volkswagon) is a doozer. The good news is….the incubation period for this type of E. coli is about three to eight days. It has become the deadliest outbreak of the bacteria on record and is causing kidney failure in unprecedented numbers according to U.S. health officials. At least 16 […]
thestatedtruth.com | June 1, 2011
Chris is one of the top real estate and banking minds for institutional money. Chris Whalen of Institutional Risk Analytics: “If we do not see a meaningful recovery in home prices by the end of the year, we may need to contemplate impairment charges on first liens owned by banks and wholesale write-downs of second […]
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
The answer is NO….In a symbolic vote, House GOP leaders voted against a debt ceiling increase of $2.4 trillion to a new ceiling of $16.7 trillion….the final roll call: Nay (Republicans 236, Democrats 82), total: 318 Yea (Republicans 0, Democrats 97), total: 97 Not Voting (Republicans 3; Democrats 6); 9  www.zerohedge.com
thestatedtruth.com | May 31, 2011
From the Wall Street Journal. These are ridiculous numbers, no society can operate for long with so such concentrated wealth, this will have to change…….The world’s millionaires represent 0.9% of the world’s population but control 39% of the world’s wealth, up from 37% in 2009. Those with $5 million or more represent 0.1% of the […]
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 30, 2011
Robert Reich is a well qualified guy……we agree with most everything he says, politics aside to stay objective of course! Reich: During the Great Prosperity the American middle class saved about 9 percent of their after-tax incomes each year. By 2008, Americans saved nothing, and the typical American owed 138 percent of their after-tax income. The fundamental […]
thestatedtruth.com | May 30, 2011
We’ve had some very smart people talk pointedly about this lately…..In an almost verbatim repeat of Carl Icahn’s words of caution which were noted recently, Templeton’s legendary chairman Mark Mobius said that “another financial crisis is inevitable because the causes of the previous one haven’t been resolved.” And we would venture, that’s official! The total value of […]
thestatedtruth.com | May 30, 2011
Nuclear free Germany….We’ll believe it when we see it. This may take many twists and turns before 2022! Thorium anyone?  So, Germany rids themselves of nuclear power by 2022, but their surrounding neighbors don’t follow.  Germany would still suffer consequences concerning any nuclear reactor meltdown else where in Europe, and there are a lot of nuclear power plants […]
thestatedtruth.com | May 29, 2011
Poor babies! The data is before Edward Kennedy died, but still relevant!
thestatedtruth.com | May 29, 2011
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 28, 2011
Hmm….an interesting concept. Thorium has numerous innate advantages. One is that it doesn’t produce weaponizable byproducts, but it’s also true that the nature of the metal is such that it produces safer reactors. It burns at a lower temperature, and there’s also a great deal of it around. The thing to remember is that thorium […]
thestatedtruth.com | May 28, 2011
 The road ahead is getting narrower by the day! A Look at the Coming 6-Year Cycle Peak By: Clif Droke The year 2011 to date has seen its share of ups and downs in the financial market, yet nothing like the volatility of 2010 has made its appearance. With an important long-term yearly cycle scheduled […]
thestatedtruth.com | May 28, 2011
Jim’s dad traded with Jessie Livermore, the most famous of all stock traders, so we would venture that Jim Sinclair knows a thing or two about trading himself. In fact he may well be the most successful Gold trader of all time! The risk of not stimulating is stagflation at a spiritual level. The risk of […]
thestatedtruth.com | May 27, 2011
There will be riots around the world if bad weather continues to dilute food crops.  This has the potential to be a world wide problem as spring turns to summer. The realization will come by fall if farm harvests turn to dust in the wind ! So, what happens if we have a decent harvest?….Aah then consider us to be lucky and food inflation may be […]
thestatedtruth.com | May 26, 2011
Drastic cuts in expenditures would put the world, not just the U.S. in the mother of all depressions! The U.S. is in what we would call a “Pickle”, come to think of it so is Europe. Can’t win no matter what! So what happens then…hopefully we muddle along until the next financial crisis comes along, […]
thestatedtruth.com | May 26, 2011
Here are some of his key points….Policymakers have embraced initiatives designed to boost asset prices, divorcing them from economic fundamentals.  The impact on Main Street has fallen well short of expectations. Interest rates have been repressed. The dollar has also seriously weakened. The net effect has been a double edged sword. “Good†asset price inflation has […]
thestatedtruth.com | May 26, 2011
Does anyone really doubt that the markets (Bonds,Stocks and Real Estate) are not an artificial rig job! In the past that wasn’t the case.  But times have changed. We guess desperate times call for desperate measures. Hmm. So here it is again: a secret bailout program used to “rip” the peasantry by the entitled kleptocrats, which nobody thought would […]
thestatedtruth.com | May 25, 2011
From King World News……Michael Pento Of Europacific Capital…non-financial debt as a percentage of GDP is now 244%, it has never been higher! QE2 is done, if interest rates rise it’s game over.  “I just want to highlight some things that Jim Bullard said (President of the St. Louis Federal Reserve): You have to remember that he […]
thestatedtruth.com | May 25, 2011
We’ll give you one guess on who these “Dark Forces’ are…..yep, one guess. If you said it’s the too big to fail banks or financial institutions, indirectly (through political lobbyists) then you’re guess is in agreement with our guess, and you get a brownie button! Treasury Secretary Timothy F. Geithner said “dark forces†are waging a “war of […]
thestatedtruth.com | May 24, 2011
From good friend Gene Inger, publisher of The Inger Letter……..since 1969!  Interestingly the ‘magnetic field’ has shifted further than ever for a 20 year period; and that’s why the North Pole moved to Siberia. Yes all globes are actually wrong now. We might add the South Pole has moved too. Don’t think this doesn’t matter […]
thestatedtruth.com | May 23, 2011
So, what does this report say about the U.S. middle class consumers? Yep….They’re broke without a credit card handy! Unbelievable. Only 24.9% of U.S. citizens could definitely come up with $2000 if they needed to in 30 days, according to a new paper from the (NBER) National Bureau of Economic Research (via WSJ.com).Another 25.1% said they […]
thestatedtruth.com | May 22, 2011
The American Petroleum Institute just released figures for April, and reported U.S. fuel consumption rose by 5.2% compared to one year earlier.  Hmm, guess the higher the price, the more we drive….NOT
thestatedtruth.com | May 22, 2011
One has to respect Jim Grant’s views….we couldn’t have said it better ourselves! From AP: A graduate of Indiana University, Grant, 64, was a Navy gunner’s mate before starting his journalism career at the Baltimore Sun in 1972. He then joined the financial weekly Barron’s before starting Grant’s Interest Rate Observer in 1983. As stocks […]
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
All we can say is speak for yourself big guy…..the average American was led over a cliff by the Big Banks (too big to fail), the Federal Reserve and the U.S. Government which was chasing growth at any cost. And they still are!   Geithner, in early 2009 succeeded Paulson as treasury secretary.  Geithner: In […]
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
Ever hear the song…..”Here She Comes” ……… Meredith Whitney is back in the news saying that we are looking at an economic sink hole for state governments. She says expenses are near the highest they’ve ever been. We have seen state and local government spending grow by 65% over the last 10 years but tax receipts have grown only by […]
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
So here’s the real question…..is any kind soul going to bother pulling your stupid dumb ass out of this precarious spot you’ve put yourself in! Sort of reminds us of the U.S. debt situation, kind of stuck between a rock and a hard place trying to raise the debt ceiling.
thestatedtruth.com | May 16, 2011
Announcing a $2.2 billion first quarter loss for 2011, the U.S. Postal Service warned it would become insolvent unless Congress takes action……So, hey sunshine, how much do you need.  Answer: No end in site, how many billions can you give us?  So, we’ll go with this…why not package up the Post Office, Fannie Mae, Freddie […]
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
Haven’t  heard much from legendary investor Stanley Druckenmiller since last August when he decided to shut down his Duquesne Capital hedge fund (Druckenmiller rarely does interviews). Until now that is! He joins PIMCO on a crusade against the Fed and thinks that U.S. debt is soaring out of control…..the timing couldn’t be better! From the WSJ:“Mr. […]
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 12, 2011
Here is a picture that explains everything. For the U.S. to grow its way out of current problems, it will require monumental new debt creation….from which we are already buried! But by the looks of things, most governments are going to try anyway. To put things in perspective, in order for the 2010 decade to mirror, match, or in […]
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