thestatedtruth.com | April 30, 2010
By NICK TIMIRAOS The U.S. government’s massive share of the nation’s mortgage market grew even larger during the first quarter. Government-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance. The increase was driven by a jump in the share of loans backed […]
thestatedtruth.com | April 30, 2010
Everyone should take the time to read this, which is part of a broader interview done on April 30 . This will also effect interest rates.  ShadowStats’ John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is headed for or in a depression and why a […]
thestatedtruth.com | April 30, 2010
PRIMA FACIA – WHERE IS UNCLE SAM? I have written extensively about the unregulated, non-exchange traded, offshore, off balance sheet (OTC) $605 Trillion derivatives market and specifically about the $437 Trillion Interest rate swap market. In Sultans of Swap: the Getaway I laid out some of the court actions taking place throughout Europe and the […]
thestatedtruth.com | April 30, 2010
http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Uncle_Sam_You_Sly_Devil.htm
thestatedtruth.com | April 30, 2010
THIS IS CRITICAL…………….THE BALANCING ACT Â http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Uncle_Sam_You_Sly_Devil.htm
thestatedtruth.com | April 30, 2010
The next crisis in the U.S. will likely be state and municiple debt problems.   33 states of the USA are headed for bankruptcy.  By Bob Hennelly NEW YORK, NY April 29, 2010 New York’s $9.2 billion budget deficit is expected to balloon to $15 billion next year, according to Lt. Gov. Richard Ravitch. Speaking […]
thestatedtruth.com | April 30, 2010
Thought For The Day The cost for a Greek bailout to the citizens of the US via the IMF will be $100 billion. Now there is a nice addition to the Federal Budget Deficit. www.jsmineset.com
thestatedtruth.com | April 29, 2010
The Oil slick disaster, besides being a detriment to intended drilling projects, remains a mystery with respect to ‘cause’. Of course the dispatch of Navy and other Defense Department resources will be seen in the proper light of being helpful; while we ponder whether they’re investigating just in case something else happened; given the rig […]
thestatedtruth.com | April 29, 2010
Information is circulating of a secret meeting between U.S. and Egyptian as well as Israeli defense officials, as well as even the Palestinians asking the Chinese to back-off working with Iran; because of growing concern that Iran now seeks triggering a false reason for conflict, perhaps within the next three-four months or so. Egypt in […]
thestatedtruth.com | April 29, 2010
Nathan VanderKlippe and David Ebner Thursday, Apr. 29, 2010 Costs to build in the oil sands have grown so high that one of the world’s largest energy companies plans to wait at least five years – perhaps much longer – to expand its presence there. The oil sands have become one of the most costly […]
thestatedtruth.com | April 29, 2010
No bats and no bees means an increase in food prices, plain and simple! Honeybee-Colony Losses Widened Last Winter, USDA Says Dwindling phosphorus supply, and important component of fertilizers, and decline bee populations suggest higher food prices. Managed colonies lost to all causes reached 33.8 of the total, compared with 29 percent a year earlier […]
thestatedtruth.com | April 29, 2010
By Bryan Keogh and Sonja Cheung April 29 (Bloomberg) — The record rally in corporate bonds is showing signs of cracking, with yields rising the most in 13 months relative to government debt and new sales falling to the least this year. The extra interest investors demand to own company debentures rather than government debt […]
thestatedtruth.com | April 29, 2010
By Dawn Kopecki April 29 (Bloomberg) — JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among U.S. investment banks that may be forced to raise an additional $250 billion in capital, cut executive pay and divest some of their most lucrative assets under a bill on the U.S. Senate floor today, analysts say. […]
thestatedtruth.com | April 28, 2010
April 28, 2010  By Peter Zeihan In recent weeks, STRATFOR has explored how the U.S. government has been seeing its interests in the Middle East and South Asia shift. When it comes down to it, the United States is interested in stability at the highest level — a sort of cold equilibrium among the region’s […]
thestatedtruth.com | April 27, 2010
Banks Bet Against U.S. Cities, States First Posted: 04-27-10 Amidst growing pessimism about the financial condition of U.S. cities and states, investors are increasingly buying financial instruments that essentially allow them to short sell or bet against cities and states, says a Wall Street Journal report. Offered by banks like JP Morgan, Bank of America, […]
thestatedtruth.com | April 27, 2010
Some Arrived As Early As Friday Armed With Blankets Hoping To Get 1 Of 750 Applications For Elevator Industry Job  Apr 27, 2010 By KATHRYN BROWN, CBS 2 HD News NEW YORK (CBS) ― An application to work for the Joint Apprentice & Training Committee of the Elevator Industry was handed out to hundreds of […]
thestatedtruth.com | April 27, 2010
  http://www.leap2020.eu/GEAB-N-43-is-available-Global-systemic-crisis-USA-UK-The-explosive-duo-of-the-second-half-of-2010-Summer-2010-The-Bank_a4531.html
thestatedtruth.com | April 27, 2010
Pension Pains: States Cut Benefits to Skirt Massive Funding Shortfall Illinois Teachers Complain; California Latest State to Push for Pension Reform  By DALIA FAHMY Apr. 26, 2010 Dan Montgomery doesn’t have many kind words for his elected officials. The high school English teacher from Skokie says Illinois politicians spent years neglecting their obligations to […]
thestatedtruth.com | April 26, 2010
By: Eric Sprott & David Franklin Sprott Asset Management The Greek debt situation has been an interesting case study for students of the sovereign bond markets. If there’s a lesson to be learned from Greece’s experience thus far it’s that sovereign bailouts are far more complicated than bank bailouts. They require more sophisticated negotiations and […]
thestatedtruth.com | April 26, 2010
thestatedtruth.com | April 26, 2010
BY KATIE MARTIN AND MICHAEL WILSON LONDON—Hopes that Greece’s formal request for international financial aid might help stabilize the financial markets are proving short-lived Monday, with the cost of insuring Greek debt against default soared to a new record. The euro also took a dive, after briefly rebounding from a 12-month low of $1.32 against […]
thestatedtruth.com | April 26, 2010
Germany refuses to help Greece unless it agrees to tougher terms Germany’s finance minister Wolfgang Schauble has raised fresh obstacles to the €40bn (£35bn) aid package for Greece, warning that Berlin will not transfer funds until Athens agrees to tougher terms.  By Ambrose Evans-Pritchard and Edmund Conway  Published: 10:47PM BST 25 Apr 2010 Mr Schauble […]
thestatedtruth.com | April 26, 2010
 April 26, 2010, 10:46 AM EDT By Jennifer Ryan April 26 (Bloomberg) — The dollar, euro and pound are all unappealing investments, either because of policies of “benign neglect†or concerns on the euro region’s stability, said Stephen King, chief economist at HSBC Holdings Plc. “It is a competition between ugly sisters, they are none […]
thestatedtruth.com | April 26, 2010
Economists: The stimulus didn’t help By Hibah Yousuf, staff reporter April 26, 2010: 3:56 AM ET NEW YORK (CNNMoney.com) — The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday. In latest […]
thestatedtruth.com | April 25, 2010
By Peter Schiff April 25 The following is an opinion piece written by Peter Schiff, president of Euro Pacific Capital and author of Crash Proof 2.0: How to Profit from the Economic Collapse. Mr. Schiff, a Republican, is also running for the U.S. Senate seat currently held by Banking Committee chair Christopher Dodd. In a […]
thestatedtruth.com | April 25, 2010
Interesting comments and photos of a new U.S. space shuttle…….from Russia’s Prauda.     The weapon station of space. This is what some critics are calling the recent launch by the United States Air Force (USAF) of an unmanned space shuttle called X-37B.  http://english.pravda.ru/photo/report/shuttle-5342
thestatedtruth.com | April 23, 2010
thestatedtruth.com | April 23, 2010
The Daily Reckoning Presents   10 Things You Don’t Know (or were misinformed about) The Goldman Sachs Case I have been watching with a mixture of awe and dismay some of the really bad analysis, sloppy reporting, and just unsupported commentary about the GS case.I put together this list based on what I know […]
thestatedtruth.com | April 23, 2010
$10 Billion a Month Freed up Each Month from People not paying their Mortgage. $1.9 Billion of That is in California so People can continue Leasing their SUV Mercedes and Getting Tans. Thanks Bailouts! Posted: Thu, 22 Apr 2010 16:31:29 +0000 Living in California, the central hub of housing bubble mania, I have come to […]
thestatedtruth.com | April 23, 2010
Well, just curious, who would trust these guys……………..The Greek government pushed the button on an emergency financial bailout package Friday, formally acknowledging that it needs loans from its European neighbors and the International Monetary Fund to avoid a humiliating bankruptcy. The move came after weeks of insistence by Athens that it would not have to […]
thestatedtruth.com | April 22, 2010
By Jesse Westbrook April 22 (Bloomberg) — Moody’s Investors Service and Standard & Poor’s were influenced by Wall Street, had insufficient resources and used outdated models to grade mortgage securities that blew up when the U.S. housing market collapsed in 2007, according to Senate investigators. The Senate Permanent Subcommittee on Investigations concluded after an 18-month […]
thestatedtruth.com | April 22, 2010
April 22, 2010Â By Scott Stewart As STRATFOR has noted for several years now, media coverage of the threat posed by dirty bombs runs in a perceptible cycle with distinct spikes and lulls. We are currently in one of the periods of heightened awareness and media coverage. A number of factors appear to have sparked […]
thestatedtruth.com | April 21, 2010
The Future of U.S. Housing – Projections of Household Formation, Loan Modification Data, 500,000 Option ARMs Still Active, and a Decade of Stagnation. Tue, 21 Apr 2010 Take what you knew about projecting housing for the last fifty years and throw it out the window. The big problem with using models post-World War II is […]
thestatedtruth.com | April 21, 2010
WASHINGTON – President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days. Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview […]
thestatedtruth.com | April 20, 2010
April 20, 2010 By George Friedman The status of Iraq has always framed the strategic challenge of Iran. Until 2003, regional stability — such as it was — was based on the Iran-Iraq balance of power. The United States invaded Iraq on the assumption that it could quickly defeat and dismantle the Iraqi government and […]
thestatedtruth.com | April 20, 2010
Jim Chanos, hedge fund manager and president of Kynikos Associates, sat down with FOX Business Network’s Charlie Gasparino and Brian Sullivan to talk Lehman Brothers (LEHMQ) investigation, Goldman Sachs (GS) vs SEC, predicting financial scandals and China.  Apr 20, 2010 Courtesy of Fox Business Network On whether Lehman was a criminal fraud: “I think […]
thestatedtruth.com | April 19, 2010
Posted: Sun, 19 Apr 2010      www.thestatedtruth.com Last week the S&P 500 almost reached an impressive 80 percent gain from the red abyss seen in March of 2009. This puts this stock market rally up in the ranks of the strongest and fastest market turnarounds in history. Yet on Friday news of Goldman Sachs betting on […]
thestatedtruth.com | April 18, 2010
DRAMATIC COMMERCIAL BANK LENDING SPIKE There appears to be mysteries everywhere we look, just like the days of Enron, the US sub-prime housing bubble and with Greek debt accounting. Â Below is the just released Federal Reserve report from FRED (Federal Reserve Economic Data) showing the weekly loans and leases of US Commercial Banks. The […]
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