thestatedtruth.com | February 8, 2011
The Suez Canal is a global chokepoint and passage for goods in todays world.  What that means is….. news of Suez Canal workers going on strike won’t help the situation in Egypt or the World for that matter!. Nomura has a great map showing just exactly what that means. This map shows it’s  the dominant route for goods from Asia […]
thestatedtruth.com | February 7, 2011
What Dallas Fed Fisher is saying in a nutshell is basically the national debt can’t get any bigger without destroying the Dollar and causing inflation. Dallas Fed’s Richard Fisher Bloomberg Headlines: FISHER SAYS HE’S NOT LIKELY TO SUPPORT FURTHER ACCOMMODATION FISHER SAYS HE WILL DISSENT ON ANY FURTHER QUANTITATIVE EASING
thestatedtruth.com | February 7, 2011
We’ll see how long this lasts, best guess is it’s a short lived event…..why do we say that? Well, just look around you, what do you see….states, counties and cities getting ready for large budget cuts and layoffs, and taxes will have to go up. We have not solved any of the problems that caused the 2008-2009 economic crisis, […]
thestatedtruth.com | February 6, 2011
Captain: That’s an awful big looking Tuna (inquiring minds think it might be a shark)……yep, it’s bigger then the USS Recovery ship can handle for sure! So what do we do?  Hint: Start those engines and run, baby…run. www.jsmineset.com
thestatedtruth.com | February 6, 2011
Egyptian banks have been closed for almost two weeks. As they reopen they will have what is commonly called a “run on the banks”….in Egypt!  Egypt’s return to normalcy begins with the banks re-opening. According to Bloomberg, the Egyptian government was forced to use military cargo planes carrying $854 million to deliver cash to various […]
thestatedtruth.com | February 4, 2011
Here are some snippets from Bill Gross’s February Investment Outlook Newsletter….  Devil’s Bargain Money has become the economic and political wedge for profound changes in American society. Perhaps the most deceptive policy tool to lessen debt loads is the “negative†or exceedingly low real interest rate that central banks impose on savers and debt […]
thestatedtruth.com | February 4, 2011
Interesting Tid Bit! The number of people who are not in the labor force, but who want a job now just hit 6,643K, a jump of 431K from December. It is the highest number in history. If included in the labor statistics, it would send the unemployment rate to about 12.8%.
thestatedtruth.com | February 3, 2011
Uh…OK let her rip Big Ben….Speaking at the National Press Club in Washington, Ben Bernanke said it’s up to other countries to control their own inflation. It’s not a U.S. problem! By the way big Ben, the continuous commodity index is on a roll to the upside…oh well, guess that doesn’t count. Just so you know……. By Definition:  The Thomson Reuters […]
thestatedtruth.com | February 3, 2011
It will be interesting to see if the government figures come in the same…so where is the “big economic recovery” that we hear about on a daily basis from the talking heads…looks more like a “small economic recovery” to us…inquiring minds want to know! Â by Dennis Jacobe, Chief Economist PRINCETON, NJ — Unemployment, as […]
thestatedtruth.com | February 2, 2011
Australia’s cyclone Yasi is one of history’s worst…and will have impacts on commodities worldwide! This will be a tough summer for inflation which the U.S. government says we don’t have! www.ingerletter.com
thestatedtruth.com | February 2, 2011
Commodities are now setting new records almost daily. Where the stock markets still have some catching up to do, commodities are exploring new high territory. More at: www.businessinsider.com/
thestatedtruth.com | February 2, 2011
The European Commission reported the monthly minimum wages for European countries for 2011…here is how it compares to the United States. More at: http://www.businessinsider.com/minimum-wage-europe-2011-2
thestatedtruth.com | January 31, 2011
Whether you like him or not, most would probably agree after reading this that Donald Trump would show us how an Eagle with clipped wings (the U.S.) can fly again. This guy gets it. You want to see growth again in the U.S., then here is the man for the job! So Donald, tell us how you really feel […]
thestatedtruth.com | January 30, 2011
January 30, 2011 By George Friedman The Egypt Unrest: Full Coverage It is not at all clear what will happen in the Egyptian revolution. It is not a surprise that this is happening. Hosni Mubarak has been president for more than a quarter of a century, ever since the assassination of Anwar Sadat. He is […]
thestatedtruth.com | January 30, 2011
Got a good point here…the powers to be and the rich should pay attention to this… before it’s to late!  When a country, among other shortcomings, relinquishes its financial system and its population’s well-being to the pursuit of ‘good deals’, there is going to be substantial fallout. The citizens protesting in the streets of Greece, […]
thestatedtruth.com | January 30, 2011
It was just a matter of time before this happened…The Qatari government bankrolled Al-Jazeera when it launched in 1996 and is believed to still fund the station, but it operates with considerable editorial freedom compared with other government-run media outlets in the Arab world. Anti-government riots also have spread to Yemen, where President Ali Abdullah […]
thestatedtruth.com | January 28, 2011
Remember…..we’re just the messenger here, this isn’t our prediction! Eric Sprott of Sprott Asset Management with $8 B as in billion dollars in money under management, has an unbelievable interview with Eric King of King World News. Eric says that Gold (currently $1338.40/ounce) could be $2,150 and Silver (currently $28.01/ounce) $50.00 by spring….sounds hard to believe, unless the Dollar collapses […]
thestatedtruth.com | January 28, 2011
Jim Grant is well known and respected in interest rate market circles, but he has some harsh words here….he’s letting off some steam on Ben Bernanke. Pay attention everyone, Jim is one of the big ten….that is one of the smartest 10 guys around. Jim Grant appeared on Bloomberg TV, telling Margaret Brennan upfront that […]
thestatedtruth.com | January 28, 2011
How timely…..just as the World Economic Forum meets in Davos of all places! DAVOS, Switzerland — A former WikiLeaks spokesman launched a rival website Friday, saying he planned to give whistleblowers more control over the secrets they spill. The new platform, called OpenLeaks, will allow sources to choose specifically who they want to submit documents […]
thestatedtruth.com | January 28, 2011
Warren Buffett calls them weapons of mass destruction for a reason….they almost took down the world in 2007-2008….Folks, we have some slow learners here… This period is more degraded than that of Sodom and Gomorrah. Pompei was kindergarten compared to the sociopaths of Wall Street. The problem is that the present day demons own the place. […]
thestatedtruth.com | January 27, 2011
Gene Inger’s Daily Briefing . . . for Friday January 28, 2011:  Good evening;  Consider ‘global revolution’ . . . as rising beyond its infancy if Egypt, the largest of all Arab nations, overthrows the 30-year old Mobarek regime. As we first reported just a couple days ahead of the major news media, […]
thestatedtruth.com | January 27, 2011
Reports are emerging that Internet has gone down in Cairo and throughout Egypt, only hours before the largest planned protests get rolling. More from the HuffPo: According to a report from The Arabist, “Egypt has shut off the internet.” The Los Angeles Times is reporting that BlackBerry Internet has been taken offline in Egypt.
thestatedtruth.com | January 27, 2011
“As a scholar of the Great Depression, I honestly believe that September and October of 2008 was the worst financial crisis in global history, including the Great Depression,” ….. Ben Bernanke. The common thought out there is that this can’t happen again….WRONG! The causes have not been remedied. All eyes should be on the economic road […]
thestatedtruth.com | January 27, 2011
It’s the new math that’s the problem, nobody knows what the word “deficit” means….in a mathematics nutshell, it means “minus”…or in simpler terms “subtraction”. Funny how everyone understood what “surplus”,  “plus” and “add” meant, especially in thier bank accounts and house supported ATM! WASHINGTON (AP) – Sick and getting sicker, Social Security will run at a deficit […]
thestatedtruth.com | January 27, 2011
Billionaire investor and philanthropist George Soros said Thursday in an interview with CNBC’s Maria Bartiromo that the deficits facing U.S. municipalities will be the “drama of the next year.†Soros also said that what ever recovery we have will be finished by mid year and that interest rates will start to rise later in the year.Â
thestatedtruth.com | January 26, 2011
Excuse us, but we could have sworn that the president said things were getting a lot better and the recession was behind us…..or was that just a mirage in the parched desert sun! The federal budget deficit will reach nearly $1.5 trillion in 2011 due to the” weak economy, higher spending and fresh tax cuts”, the CBO […]
thestatedtruth.com | January 25, 2011
This article explains why natural gas is so cheap. Oil companies used to just burn off the natural gas in the Gulf of Mexico  because they didn’t know what to do with it.  Who has been harking on this subject for years, yep….Oklahoma farm boy and self made billionaire T Boone Pickens. He says we need to take advantage […]
thestatedtruth.com | January 24, 2011
It’s hard to have substantial economic growth when you don’t have population growth. So, real estate will have a hard time bouncing very far, and the same goes for other asset classes that the U.S.Fed has artificially stimulated like stocks and commdities for an example!
thestatedtruth.com | January 23, 2011
Why not just give them all to UPS (United Parcel Service) and Fed Ex….Presto, they would get it figured out in a nanosecond! But lets remember who we’re dealing with here….Because it’s the government, this could cost many millions of dollars, require multitudes of committees and take years based on the past history of similar decisions. The U.S. Postal Service is […]
thestatedtruth.com | January 23, 2011
We have followed Clif Droke for a number of years, and his record with the Kress Cycles is one step ahead of most others. The Kress cycles will take on the financial markets, and by extension the economy from 2012-2014. This will come as a shock for the most optimistic observers. The final “hard down†phase of the […]
thestatedtruth.com | January 23, 2011
Ireland is out to make things interesting, with a sledge hammer……and everyone thought Europe’s problems were going away! Hmm! The BBC has just reported that the Irish Green party has pulled out of the ruling coalition with Fianna Fail which is “expected to bring forward the general election from 11 March.” In other words suddenly […]
thestatedtruth.com | January 23, 2011
So, 5% of the New York state public work force will just go away……California should hope to be so lucky. Headline: N.Y Governor Cuomo Weighs More Than 10,000 Layoffs New York Gov. Andrew Cuomo is weighing plans to lay off more than 10,000 government workers, rivaling the number of pink slips handed out by his father a […]
thestatedtruth.com | January 22, 2011
From John Mauldin’s “Thoughts From The Front Line” As this budget cutting works its way through the economy, and as inventories are no longer being built (they are already at adequate levels), the growth from the current stimulus (both QE2 and payroll and federal government expenditures) the economy will have to stand on its own […]
thestatedtruth.com | January 20, 2011
A chart is worth a thousand words, or a couple hundred billion in real, incremental dollars. This is why things have been getting (slightly) better of late, but when it ends…not if, look out below. 2012-2014 look to be very tough years, if we survive the end of the Mayan Calender (Dec 21,2012) that is! www.zerohedge.com
thestatedtruth.com | January 20, 2011
Hmm…They’re really getting serious about this. These pensions will never survive in the current form. Only a matter of time! Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. […]
thestatedtruth.com | January 20, 2011
Stratfor’s Annual Forecast ….Here are some examples of this year’s themes: – The U.S. is unlikely to withdraw from Iraq as promised in 2011. – The U.S. economy will grow. – In Europe, more countries will need bailouts. – Russian-German relations will strengthen. – Japan will rot, but it will rot in seclusion. Here are […]
thestatedtruth.com | January 20, 2011
Bad seats, hey buddy!  Buried in the thousands of pages of the new health bill is this little gem….. “I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains […]
thestatedtruth.com | January 19, 2011
This is a key story: There were a record low number of housing completions in 2010, breaking the record set in 2009. Â In 2010, 1 to 4 unit completions were at a record low 506 thousand. This was just below the 534 thousand units completed in 2009. This is far below the previous record […]
thestatedtruth.com | January 19, 2011
ICI data for the week ended January 12 showed domestic equity fund  inflows of $3,765 million following last week’s outflow of $4,229. This is the largest inflow going back to 2009. Bond fund flows in everything but Munis were positive. Non-taxables saw another whopper of an outflow, this time for a total of $2.4 billion. […]
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