thestatedtruth.com | March 15, 2011
John Williams doesn’t speak blindly, he has been a frequent guest on CNBC, Bloomberg, Barrons etc, and he has multitudes of statistics to back up his “seemingly outlandish” but more than likely correct forecast……By the way, Williams time frame falls into the period leading up to 2014, similar to the Kress Economic Cycle that takes us down hard from […]
thestatedtruth.com | March 15, 2011
One would guess some rather important changes may be made to new currently under construction nuclear power plants… The map below, courtesy of the World Nuclear Association, identifies the locations of nuclear power plants that are currently under construction. Of these, 42% reside in China; 16% in Russia and 11% in India. The G-7 countries, combined, […]
thestatedtruth.com | March 15, 2011
03-15-2011 Japan, The Persian Gulf And Energy By George Friedman Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially […]
thestatedtruth.com | March 15, 2011
Some more thoughts on Japan….we are told, (hopefully correctly), that this is more of a repeat of a Three Mile Island situation where half the fuel rods melted, than Chernobyl where they all did. And…Small amounts of low radiation cesium and iodine have already been released, which should be measurable on American roof tops in about ten […]
thestatedtruth.com | March 14, 2011
Should any of these plants go into full meltdown (indications are (2) already have) there will be both a human and economic disaster worse than 1945. Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station.  By Richard Shears Last updated at 5:09 PM on 14th March 2011 The […]
thestatedtruth.com | March 13, 2011
From the IAEA Blog: Based on information provided by Japanese authorities, the IAEA can confirm the following information about the status of Units 1, 2 and 3 at Fukushima Daiichi nuclear power plant. Unit 1 is being powered by mobile power generators on site, and work continues to restore power to the plant. There is […]
thestatedtruth.com | March 12, 2011
This will continue until the stimulus stops, at that point everything will change, and not for the better! So, eyes on the road everybody. New guidance should be coming soon from the Federal Reserve.
thestatedtruth.com | March 12, 2011
 Stratfor: Japanese Confirm Meltdown  March 12, 2011 Japan’s Nuclear and Industrial Safety Agency (NISA) said March 12 that the explosion at the Fukushima Daiichi No. 1 nuclear plant could only have been caused by a meltdown of the reactor core, Japanese daily Nikkei reported. This statement seemed somewhat at odds with Japanese Chief […]
thestatedtruth.com | March 11, 2011
thestatedtruth.com | March 10, 2011
Interesting….. Bank of America Says Nearly Half Its Mortgages Are ‘Bad’ Washington Business Journal Bank of America Corp. is segregating almost half its 13.9 million mortgages into a “bad†bank comprised of its riskiest and worst-performing “legacy†loans, Bloomberg News reported, citing Terry Laughlin, who is running the new unit. “We are creating a classic […]
thestatedtruth.com | March 10, 2011
Cumberland Advisors Day of Rage March 10, 2011 Modern technology. Read email of Saudi events on WiFi at 38,000 feet. This will be brief. The day of rage came early. All outcomes are speculative. Contagion has reached Saudi Arabia. Recent history shows Al-Qaida actively targeted Saudi Arabia several times. Until now, no success. Events in […]
thestatedtruth.com | March 9, 2011
Somebody should think about these programs before implementing them. Government morons get an F as in failing for setting it up this way! “No Child Left Behind is broken and we need to fix it now,” Education Secretary Duncan said in a statement. “This law has created a thousand ways for schools to fail and very […]
thestatedtruth.com | March 8, 2011
Reuters reports that European oil imports are about to get tough, making life for Italy, which is most reliant on Libyan oil, quite complicated: Libyan oil trade has been paralysed as banks decline to clear payments in dollars due to U.S. sanctions, trading sources told Reuters on Tuesday. The move follows a decision by major […]
thestatedtruth.com | March 8, 2011
Rick’s Picks “Phenomenally accurate forecasts†Senate minority leader Mitch McConnell said on Face the Nation yesterday that President Obama wasn’t serious about the budget. Lest anyone mistake this for partisan sniping, here’s an interesting factoid that drives the charge home: the $4 billion in spending cuts that Congress just approved to avoid a government shutdown […]
thestatedtruth.com | March 8, 2011
Yikes! Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement. Even as the economy has recovered, social welfare benefits make up 35 percent […]
thestatedtruth.com | March 7, 2011
What’s the old saying….records are made to be broken. The bottom line is we have a bunch of government morons here! They still don’t know basic math. March 18’th is the deadline for current stop gap funding. Without a new spending agreement by then, the government will shut down (?). The federal government posted its largest […]
thestatedtruth.com | March 7, 2011
Bill Gross of PIMCO has been saying similar things and thinks once QE2 ends things could get very negative for the free market system, the dollar and interest rates. Charles Biderman: What nobody’s asking is what happens when QE 2 stops: If the only buyer is the Fed, and the Fed stops buying, I don’t know what is going to […]
thestatedtruth.com | March 5, 2011
Cumberland Advisors David Kotok always does a good job on the important issues…..it’s a good read! $115 Oil, Contagion and Central Banks March 5, 2011 “… there’s so much unrest that one can actually sense or imagine unknown nano-particles of rage colliding in mid-air…â€Â (Source: a private person who screens Middle East media for me […]
thestatedtruth.com | March 4, 2011
Wisconsin Governor Walker……We’re Broke! So what does that make California and Illinois to name a few others. Yep. they’re even more broke. Wisconsin governor Walker announced he would fire 1500 state workers unless democrats, who have been fled and are hiding in Illinois to avoid a critical vote on collective bargaining, return to the state. […]
thestatedtruth.com | March 4, 2011
The U.S. Labor Department said Friday….Nonfarm payrolls rose by 192,000 last month and unemployment fell below 9% for the first time in nearly two years….8.9% employment;  Gallup had a different take on this, we review it below. Adjustments to population has helped  keep number in order.  Labor force participation rate has not been moved. Job gains […]
thestatedtruth.com | March 3, 2011
We would side with the Gallop Poll over the U.S. government data.   Aside from that, Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate should be in the low seven percent range by late 2012. If that is going to be the case, the job creation environment must change dramatically from what it is […]
thestatedtruth.com | March 3, 2011
The economy may be getting better for the time being, but not for those at the bottom! Food stamp usage just hit 44.1 million people in December and averaged $134 a month per person.
thestatedtruth.com | March 2, 2011
Chile will delay the end of its summer time by three weeks as the country faces an energy squeeze because of drought and high demand, the government said Wednesday. Chile relies heavily on hydroelectric power to meet energy needs in the world’s top copper producer, and rain shortages force generators to rely on costly fuel-driven plants, […]
thestatedtruth.com | March 1, 2011
Well, this is a deep subject, no pun intended, suffice to say 401K’s are not the only way states can help their pension funds. They can manage them more wisely and put less faith into Wall Street. The financial collapse, poor management and the housing bubble are amoung the reasons these plans are in crisis. Here are some definitions: A defined benefit […]
thestatedtruth.com | March 1, 2011
Gallop breaks things down into different categories much better then other polls do! According to the Gallup Poll, “Americans have become much less confident in the U.S. economy over the past two weeks, with Gallup’s Economic Confidence Index falling from -18 to -30 during that span. The -18 Index score from two weeks ago was the […]
thestatedtruth.com | February 28, 2011
Yep…we’re not surprised! From The Wall Street Journal: A government study found duplicative programs that cost taxpayers billions of dollars each year, including 15 different agencies overseeing food-safety laws, 20 programs to help the homeless and 80 for economic development.
thestatedtruth.com | February 27, 2011
Ridiculous 7.5%-9.0% assumed rates of return are not “little white lies” — they are Everest-sized whoppers. They are far from reality and nearly impossible to ever realistically have happen over the medium term and even more impossible over the long term in mature economies. If the three big California Public Retirement Funds used a realistic 4.5%-5% rate of return instead of the make […]
thestatedtruth.com | February 27, 2011
Anybody surprised? Nope, didn’t think so……Why do so few Americans believe in our government today? That’s simple….it’s because Congress is self serving, and favors the giant corporations and the ultra-wealthy, not Main Street and the common American. Influential Harvard and Stanford law professor Lawrence Lessig noted in a must-watch speech last week that polls show that only […]
thestatedtruth.com | February 27, 2011
Everything the government is doing involves a rig job of one kind or another and it’s unmatched in history. Real estate and equity markets are not standing on there own, they are all being supported by the government either directly or indirectly…..and there in lies the problem. Here are some key extracts from the Marc Faber interview by The […]
thestatedtruth.com | February 27, 2011
From The Wall Street Journal….this is why commodity prices continue to go higher! WASHINGTON—A report being prepared for the world’s Group of 20 leading economies indicates the main factor behind rising prices for wheat, sugar, cotton, metals, oil and other commodities isn’t speculators, as some have suggested, but that the global demand to consume these goods […]
thestatedtruth.com | February 26, 2011
Understanding Derivatives – Class Name and Description: Greedy Financial Morons 101, How To Destroy The Financial World…… Heidi is the proprietor of a BBQ Bar in Mt. Airy Maryland . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, […]
thestatedtruth.com | February 26, 2011
So…Inquiring minds want to know what other computer systems are using this same software and why it takes 8 years to figure this out. We think there’s more to this story! SANTA ANA, Calif. (KABC) — A $228 million mistake has landed two employees for Orange County’s pension system on paid leave. It’s all linked to a […]
thestatedtruth.com | February 25, 2011
The clear trend in major regions is for less and less arable land per capita. Thus the only way to get more food is to get more yield from diminishing acres. And that means: more fertilizer! The chart from Dundee Securities tells the story: Read more: http://www.businessinsider.com/chart-of-the-day-arable-land-per-capita-2011-2#ixzz1F0kHzU4R
thestatedtruth.com | February 25, 2011
A quick look at this chart tells it all! Yes, gasoline prices do effect the economy. Courtesy of John Lohman
thestatedtruth.com | February 25, 2011
Sounds like there was more then one way to play the game of hide and seek, but the Democrats weren’t paying attention while hiding! MADISON, Wis. — Republicans in the Wisconsin Assembly took significant action on their plan to strip collective bargaining rights from most public workers, by passing the measure early Friday morning before sleep-deprived Democrats realized […]
thestatedtruth.com | February 25, 2011
Some good points about Bahrain….and why it’s important to oil! Bahrain lies in the middle of an age-old contention between Iran and Saudi Arabia… and the balance between the two rivals could soon be tipped. A strong Iraq was a nice buffer between Saudi Arabia and Iran, but a strong Iraq is no more. Now […]
thestatedtruth.com | February 24, 2011
From The Wall Street Journal………The Internal Revenue Service announced new rules intended to help struggling taxpayers cope with tax debts. Commissioner Doug Shulman called the steps an effort to “stand in taxpayers’ shoes” in order to minimize unnecessary burdens and said they wouldn’t compromise tax collections. The changes affecting individuals concern tax liens and so-called […]
thestatedtruth.com | February 24, 2011
Libya’s “secretive” sovereign fund (LIA) has assets of over $70 billion and has placed $32 billion with U.S. banks, reported Reuter,  based on Wikileaks provided information from a “confidential diplomatic cable.” According to the report: ” The cable, obtained by WikiLeaks and revealing the details of a January meeting between the head of the Libyan Investment Authority […]
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