thestatedtruth.com | October 31, 2011
MF Global goes Chapter 11……breaks into the top ten standings! Here we go…MF Global, the brokerage run by former Goldman Sachs chief Jon Corzine, today filed for bankruptcy protection, becoming the highest-profile U.S. victim (that we know, so far) of bad bets on European government debt. With the Chapter 11 filing, MF Global also is likely […]
thestatedtruth.com | October 30, 2011
Clocks are scheduled to be set back one hour starting on November 6, 2011….. The end of Daylight Saving Time this year is scheduled for Sunday, November 6. Though individuals may see their biological clocks reset, and will get an “extra hour” of sleep or rest over the weekend, researchers say that the stress caused by time changes can […]
thestatedtruth.com | October 29, 2011
Question: Can you guess the amount of money spent for food prepared at home and the amount spent on eating out? Answer: 52% is spent on food prepared at home, and 48% is purchased and eaten onsite or taken home. Half of what we eat is “out”. It’s an oddly high number. Behind this almost 50-50 ratio is, no […]
thestatedtruth.com | October 29, 2011
Looks like eating out is a growth business…hmm! The “eat out” numbers fell in 2009. But they recovered in 10’ and are headed higher again in 11’. We had recession. A big one. But consumers barely batted an eye. It’s a surprisng result.
thestatedtruth.com | October 28, 2011
Yesterday, the U.S. GDP for the third quarter of 2011 unexpectedly surprised to the upside at +2.5% vs +.7% in the second quarter…. You’re not alone wondering how it was possible for Q three GDP to post such a substantial improvement driven by mostly a surge in Personal Consumption expenditures? Well, so do we! Looks to us like it was at the […]
thestatedtruth.com | October 27, 2011
Americans have about $950 billion in student loans, and it’s more than all other credit-card debt totals…so the one thing’s for sure, this problem isn’t getting better until the economy does! The weight of those IOUs is a frequent refrain for Occupy Wall Street protestors and their online supporters. On the “We Are the 99 Percent” Tumblr blog, […]
thestatedtruth.com | October 25, 2011
In a recent poll, 89% of Americans say they distrust government to do the right thing, 74% say the country is on the wrong track and 84% disapprove of Congress, Democrats and Republicans alike. Also… On Tuesday, the Congressional Budget Office released a new study concluding that income distribution had become much more uneven in […]
thestatedtruth.com | October 24, 2011
This all makes sense…and we agree, but the problems at hand need to be dealt with first. At some point going forward the tables will turn, and “Made in America, Again” will begin a new! The groundwork is being set now. Best guess….things could get rolling by 2016-2017! The “shale gas revolution” has turned America into the world’s […]
thestatedtruth.com | October 23, 2011
We’ve all heard about what’s going on in Greece…but this bubble chart will help explain how other countries in Europe compare.
thestatedtruth.com | October 19, 2011
We think most everyone respects Steve Wynn, the famous Las Vegas developer…but maybe even more so now! Here anew are Steve Wynn’s own words on Prsident Obama, “You cannot sustain these deficits, you cannot undercut the people that form the jobs and create the employment in this country. Now, that is simply a statement of fact. It isn’t a partisan political pitch.” “It’s […]
thestatedtruth.com | October 19, 2011
Yep…It takes a lot of lawyers and money to tie knots in a political system like ours (and this is home to the nation’s greatest concentration of lawyers) …sounds like the protesters should be headed for Washington D.C. in short order. Total compensation for federal workers, including health care and other benefits, last year averaged $126,369. “There’s a […]
thestatedtruth.com | October 18, 2011
Mort Zuckerman has for years owned U.S. News and World Report Magazine. He says in 1986 its Moscow correspondent Nicholas Daniloff was seized without warning by the KGB. Mr. Zuckerman immediately flew to Russia but returned home when Soviet officials refused to release their new prisoner. “I worked in the White House for the next four weeks […]
thestatedtruth.com | October 17, 2011
The federal government started this whole mess, not on purpose, but it doesn’t matter at this point…the bottom line is that middle class America (the working stiff’s) still have no clue as to what’s going on, that’s why the demonstrations around the country…. The press talks about how the rich got richer. Here’s The Washington Post: […]
thestatedtruth.com | October 17, 2011
Some fresh perspectives from Gene Inger….Security wise the giant U.S. Air Force’s supply and logistics’ exercise in the Middle East is an early ‘stronger’ initiative from Leon Pannetta (our new Defense Secretary). And, as to the demonstrations around the country, the key to prosperity: a) bring back American industry (‘buy Made in the U.S.A.’ does make […]
thestatedtruth.com | October 17, 2011
Ugh, what happened to the austerity cuts? Hmm… data released by the Treasury Department on Friday show that, so far, there haven’t been any spending cuts at all. In the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show. That’s an increase of […]
thestatedtruth.com | October 17, 2011
It’s not the end of the world, but “It’s the end of the world as we know it”…. R.E.M. AWA Americans With An Attitude Bob Moriarty Oct 17, 2011 It doesn’t take long to overthrow a government. Algeria took a couple of months, Egypt took only three weeks. As of now, the Occupy Wall […]
thestatedtruth.com | October 16, 2011
Let’s look at the thoughts of Robert Reich’s mission and not worry about it being Democratic or Republican…because as he explains things, it makes a lot of sense…. as for us at TheStatedTruth.com, well remember we’re just the messenger! Robert Reich: “Look at the Progressive reforms between 1900 and 1916; the New Deal of the 1930s; the […]
thestatedtruth.com | October 16, 2011
City, State, % of People Below the Poverty Level 1. Detroit , MI 32.5% 2. Buffalo , NY 29.9% 3. Cincinnati , OH 27.8% 4. Cleveland , OH 27.0% 5. Miami , FL 26.9% 5. St. Louis , MO 26.8% 7. El Paso , TX 26.4% 8. Milwaukee , WI 26.2% 9. Philadelphia , PA […]
thestatedtruth.com | October 16, 2011
Here’s why the grocery stores are ca put! They are uncompetitive on price…and guess what matters most in a recession? Wal-Mart now sells more food than Kroger (Ralph’s) and Safeway (Von’s) combined, and keep in mind they did this in only fifteen years. Wal-Mart now sells more food than any other store in the world.
thestatedtruth.com | October 16, 2011
This sums it up….and as most know, we ‘ve been warning of this for a while here at TheStatedTruth.com . It doesn’t take a rocket scientist to understand what’s going on. It’s elementary my Dear Watson! The main problems that have led to the protests are quite obvious: a pronounced inequality in the distribution of economic […]
thestatedtruth.com | October 15, 2011
What we have here is a warning shot over the bow; to the government, the mega rich and the elite…are they listening or in denial? Hello, Hello? “So, you can laugh at or disparage the demonstrators all you want. You can call them spoiled, silly or sophomoric. You can single out the fringe and think it’s representative of the whole. But […]
thestatedtruth.com | October 13, 2011
The $2 bill first originated on June 25, 1776, when the Continental Congress authorized issuance of the $2 denominations in “bills of credit for the defense of America.” And guess what, the $2 dollar bill is still made (just ask your bank to order you some) and the reverse side has a history lesson showing the […]
thestatedtruth.com | October 13, 2011
Food for deep thought…these are staggering! State and local government debt has reached an all-time high of 22 percent of U.S. GDP. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. According to a new study conducted by the BlackRock Investment Institute, the ratio of […]
thestatedtruth.com | October 13, 2011
“A conflict exists between competing certainties: Between followers of Faith, who know because they believe, and followers of Reason, who believe because they know”
thestatedtruth.com | October 13, 2011
“Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself” ~ Mark Twain
thestatedtruth.com | October 12, 2011
Warren Buffett’s son Howard speaks his mind…on class warfare, the disparity has never been greater. The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States. From Bloomberg: Howard Buffett, the […]
thestatedtruth.com | October 12, 2011
Remember one thing…when people are broke, they have nothing to lose. The “system” as we have known it, is going down. There is a reason for the protests going on around the world. Politicians and corporate America, need to get real. We are in the early stages of a huge class war – the rich vs. […]
thestatedtruth.com | October 11, 2011
At a recent computer expo (COMDEX), Bill Gates reportedly compared the computer industry with the auto industry and stated:‘If Ford had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1,000 miles to the gallon.’ Did he really say that? Upon some thought, here is the […]
thestatedtruth.com | October 11, 2011
What’s coming at us over the next few years, will likely make 2008 look like a warm up! Nevertheless, … analysts are expecting another earnings season of double-digit growth (the eighth quarter in a row), yep…even though corporate earnings as a percentage of GDP are in the area of all time record levels seen only 4 other times in history, […]
thestatedtruth.com | October 9, 2011
What a joke….Read my lips…There should be no bonuses until the losses are all made up. Period. No exceptions. None. Capice! CalPERS, the California state pension fund, which serves more than 1.6 million public employees, retirees and their families, estimated its unfunded liabilities at $38.6 billion on July 1, 2008, it’s bigger now! CalPERS currently has […]
thestatedtruth.com | October 9, 2011
Dexia’s Belgian Bank To Be 100% Nationalized… They are talking Good Bank, Bad Bank….the good assets are put into a “good bank” that will operate going forward and is owned by the governments of France and Belgium, the bad bank assets (worthless?) will be in another bank to handle all of the troublesome crap…. “The governments of […]
thestatedtruth.com | October 9, 2011
The Daily Reckoning……It’s Top Secret This from an episode of Frontline called “Top Secret America.”…..One example is the Office of the Director of National Intelligence. According to Dana Priest the DNI started as 11 people in the Old Executive Office Building. In short order, it grew to a couple of hundred people and moved to […]
thestatedtruth.com | October 9, 2011
Here’s the real reason for the Wall Street protests….Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment. That sums it up! Robert Reich, President Clinton’s Secretary of Labor said recently – The top one half of […]
thestatedtruth.com | October 7, 2011
thestatedtruth.com | October 7, 2011
Our immediate question that comes to mind is: What happens when a computer virus attacks the new highly technological automobiles. Answer: There will be a few less cars on the highway, that’s because the average car is over 10 years old, and all things considered, there really aren’t that many of the new versions around…The new […]
thestatedtruth.com | October 7, 2011
The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor. www.zerohedge.com
thestatedtruth.com | October 7, 2011
So, the consumer is still tapped out….duh. The government is the only one that doesn’t see this. The consumer credit number was dreadfully bad. It printed -$9.5bn against an expectation of +$8bn and vs prior year of $12bn. And…We just saw the first drop in non-revolving credit in a year. This is credit that goes […]
thestatedtruth.com | October 6, 2011
IMF Advisor Robert Shapiro comments on the European financial crisis: “In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks” Rest assured this is unlikely to happen, because it’s a game of dominoes. Once the first one goes down, they all go down! And da boys in Europe […]
thestatedtruth.com | October 5, 2011
Follow the bouncing ball… Robert Reich takes to the dusty trail a whole lot better then Congress or the White House does. Will someone please take off those blinders! Today Ben Bernanke added his voice to those who are worried about Europe’s debt crisis. But why exactly should America be so concerned? Yes, we export to Europe – but those […]
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