Summary of Friday 7-27-07 Q-Files

First and foremost, this is just a brief summary from my notes. If you would like the entire play by play detail of the show, I can not emphasize this enough:

SUBSCRIBE TO THE ARCHIVES

Steve Quayle and Steve Melching put a tremendous amount of effort into promoting the show and the expenses involved are incredible. Don’t just laugh at the ad with the “ACT-ACT-ACT” bit; I mean it folks-ACT NOW! Go to this website:

http://www.archiveondemand.com/qfiles.htm

AND SUBSCRIBE NOW!

And now for the show summary:

1. Observations about the market activity for the week.

2. How to survive the coming economic depression:

IF YOU TIGHTEN YOUR BELT NOW, IT WON’T HURT AS MUCH

STOP EATING OUT EVERY NIGHT

THE 4 LETTER WORD (OK SO IT’S 9, BUT YOU GET IT): LEFTOVERS

START LEARNING HOW TO REPAIR, RECYCLE AND MAKE YOUR OWN CLOTHES.

GROW YOUR OWN FOOD

QUIT BUYING T-BONES, start buying cube steaks(Translation: GET FRUGAL WITH YOUR FOOD)

LEARN BASIC AUTO REPAIR

FIND LIKE MINDED FOLKS LOCALLY TO BARTER WITH

NO MORE WEEKEND ROAD TRIPS TO THE AMUSEMENT PARKS.

SPEND MORE TIME WITH THE FAMILY

UNDERSTAND THE CONCEPTS OF GOVERNMENT ENFORCEDRATIONING

SAVE NOW

DO NOT EVER, AND I CAN NOT EMPHASIZE THIS ENOUGH, EVER, LISTEN TO THE GET RICH QUICK SCHEMES BEING PROPOGATED NOW

LEARN TO LIVE WITHOUT ELECTRICITY

CUT BACK ON CABLE TELEVISION, INTERNET COSTS, TELEPHONE COSTS. GET RID OF ‘LUXURY’ ITEMS

So what do you do? Learn to hunt. Learn to fish. Learn how to clean animals. It’s not going to be pretty. Television will get down right depressing…

Prepare for government censorship at every level

The Q-Files for Monday July 30, 2007

Folks, unless something drastic changes, I’m pretty sure that I will be covering the economic circus we are watching unfold. The Friday night announcement by AHM was a shocker and I’m not sure just how much impact it will have on the Monday markets. As of last night on the CME, the Nikkei was indicated to open down 250, so let’s just see how this plays out. I will be updating this site throughout the day and I hope everyone bears with me as I fumble and bumble my way with the new software. I apologize for losing the one comment that I had previously and will search to re-enter it under the “Weimarica” thread.

Steve Quayle Q-FIles Schedule

FYI;

I will be hosting the Q-Files tonight as normal from 7-8 pm EDT. You can listen to the live streams via www.stevequayle.com or on shortwave via WWCR on 7.465 Mhz. WWCR also replays the show via stream 1 via www.wwcr.com.

I will be guest hosting on Monday 7-30 through Wedensday 8-1 and back again on Friday 8-3 while Mr. Quayle is our next week. Please keep on praying for his family.

If you wish to contact me during the show, email me at johngaltfla@yahoo.com

This weekend I hope to learn more about this blogging software and learn how to insert links and other goodies for all my readers.

-John G.

Blame B*rry B*nds

By John Galt

July 26, 2007

And with the close of the markets today all I can debate to say is “wow” or “and you never read my old stuff did you?” THIS is not just a start of something big, but a flashing red signal. But to blame the economic Gods for today’s action is just not right. No, I’ve assumed a greater degree of personal responsibility. I, the one and only JohnGaltFla, have figured out who is responsible for everything wrong with our stock markets, American morals, the war in Iraq and of course, why the broker is calling your house tonight to advise that they made a mistake with your retirement program.

Damn that evil B*rry B*nds.

You see, this clown deserves the asterisk wherever he is mentioned. He is about to break the record of one Henry Aaron and having met Hammering Hank, let me tell you something B*rry; you are no Hank Aaron. B*rry has come to represent everything wrong with current day America. He could not achieve this goal on his own God given talents so he cheated(allegedly). He uses chemicals (allegedly) to get ahead in life. As he surpasses Hank’s long held record, I shall simply mark it as a footnote date in American history. The problem is not B*rry. It is the mentality. Which has overtaken our nation and provides the 1929 parallel basis for where we are heading.

American citizens are always looking for easy street. B*rry has illustrated the path to that success. Of course, we can not blame politicians or business leaders because we did not trust them to begin with. Hell, the only difference between a stock broker and used car salesman in my book is that used car salemen only rip off little old ladies every two or three years, not daily. The sad fact is that that group of wayward souls who proclaimed themselves the economic guides for two full generations of retiring Americans that they would “make sure they will have a happy retirement” has betrayed them and their children in the name of the almighty dollar.

This could easily be dismissed as just another isolated incident. But no, it is a train of thought which permeates Wall Street, D.C. and Main Street; the whatever it takes to make money off everyone else’s hard work mentality. Those days are soon over. The nightmare of our own creation, the hero warship of the circus clowns on television shall soon come home to roost. Those who have listened to the clarion call of folks trying to warn you that the Emperor’s New Clothes are pretty danged scary will be fine. However the other ninety-five percent are well, toast. So the mentality of one is reflected in many. Thus why I blame this one moron for all of our economic, political and moral problems.

Damn you B*rry.

A Prayer Request for Steve Quayle

July 25, 2007

With great sadness, I have been informed that Steve Quayle’s mother has passed away today. Please, everyone say a prayer for his family.

Thank you,

John Galt

“Weimarica”

By John Galt

Jul 24, 2007

In the early 1920’s, the Weimar Republic of Germany created an economic miracle in the eyes of some as it recovered from World War I. The stock markets surged, the economy started to recover late in 1919, and the imposition of the Versailles Treaty was seen as an “inconvenience” to the average citizen compared to the revolutionaries who espoused communism and other radical political ideals roaming the streets at the time. The average person saw their monies hold some valuation and the consumer goods started to re-appear in the markets to their relief. Sadly for those bleating souls, the reality soon hit home. The penalty imposed on the German people, besides the military and other humiliating penalties was that of a $636 billion reparation bill (in 2005 dollars) in German gold. To give one some pause, that’s about six hundred billion more in gold than we currently are rumored to have in the possession of our government. The difference between now and then was that they could only print marks against the gold they held in reserve. To solve that problem, they simply changed the ratios to accommodate their political needs. Of course, as history has born out, it did not end all that well.

Now, in our current day, the Federal Reserve and our wonderful government print dollars to do, “gasp”, just what the Weimar Republic did; pay off their debts with inflated currency. This of course did not work for Germany as they had to physically ship the gold but thankfully for the Fed, we do not have to do that. What is amusing is what we have backing our currency; the full faith and credit of a government which lies to it’s own people, much less the rest of the world. The result will be and is, the birth of the United States of Weimarica.

The dollar is considered an investment tool by the powers in charge and that scary concept should not escape the average person, but thanks to numerous VISA commercials and the dilution of our education system, it is nothing but a magnetic stripe to purchase a Super Duper Vende Triple Double Caramel Strawberry Mocha Latte at Starbucks (bleh, give me Maxwell House please). So why is this important? The average American citizen has abandoned his or her responsibility to invest wisely, save carefully and shop for the best price. The mentality of “the government will save me” has taken over, but let’s does some more numbers. Based on the current national debt, we will all have to pay a 90% income tax rate for 70 years to pay off and meet all obligations according to some “experts.” And that is assuming 5% GDP for those 70 years. Those numbers I’m throwing up are conservative, and I mean safe, compared to what David M. Walker, the U.S. Comptroller of the Currency has been stating. If we averaged just 1.5% GDP growth, it could take 200 years at a 90% tax rate (Give or take a trillion here or there). The disaster of our debt has yet to hit home. Let’s relate this back to Mr. and Mrs. Main Street America so all of us can take the fetal position together.

During the past two weeks, I’ve heard the typical local talk shows where people whined about four dollar a gallon milk. I snickered of course. It was not a laugh at them, but a laugh, a chuckle, a roaring gut ripping snort at history. FOUR DOLLARS? Try TWENTY FOUR DOLLARS and that might just be a valid price for one day! The communist government of Zimbabwe might be pointing to what we have to look forward too, but God help old baldy, Kudlow and his partner in crime, Kwazy Kramer, if they ever get it right on Bubblevision. The disaster is that the statement “it can’t happen here” is used much like it was on 9-10-01, the day before Katrina hit, and of course, October 16, 1987.

Bunk.

It can happen here and is happening as I type this. The Federal Reserve has finally been backed into the worst nightmare of all time. As of the date of this story, the dollar has broken support. No, not just technical support. No, not just a round number. No, it has broken through a historical support level. This is the kind of stuff history books are going to point to and say “and this is the date the fertilizer hit the fan” (cleaned up for the children, they’ll figure it out before us old folks). This disaster of trying to monetize the debt in order to get out of debt is having a multiplier effect on the commercial paper and will soon obliterate the pension funds of millions of Americans. Come to think of it, it will soon wipe out the retirement of millions of Weimaricans. The promise that the government will save you is so sad, so pathetic, and so easy to dispel. After all, just how many illegals are here and how secure are our borders? Next question please….

With this, I say “Welcome to Weimarica”, the land of baseball, NFL football, apple pie and cheap gas at $19.995 per gallon in the near future. When coupons in your local Sunday paper are eight inches wide to accommodate all the zeroes, don’t email me and cry that you were not warned. This is the real deal folks and those who think the solution will be in higher interest rates obviously do not understand the despair we felt as a nation in 1933. The despair we felt then will be nothing compared to the hyperinflationary period we are about to enter. If your annual performance review is up soon, I would advise negotiating weekly pay increases or praying for government assistance (just too funny!). If you can not get a weekly pay increase, well, just reflect on the condition of those poor Germans after World War I.

And remember what happened in every vivid detail. No, not the Holocaust, although that is related to the big picture in more ways than you could ever imagine. Remember that we are no better prepared, no more advanced, no more superior than a fifty one year old woman pushing a wheelbarrow full of Weimar currency into a drug store to buy a bottle of aspirin. To live the experience properly, do yourself a favor; take your credit or debit card, drop ten pounds of weights into a wheelbarrow, and push it down to your local drug store. It’s an experience you will never forget.

And one that the end of the good times will exemplify. Welcome to Weimarica. A future where everything will be numerically cost more but in reality worth less.

And your life and mine, worth considerably less to the banksters and creators of this disaster.

What’s worth: $182,410,000,000.00 and hasn’t produced one damned thing?