June 2011




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6/29 V of Galt: Hunker Down, Dig a Foxhole, or Run?

  By John Galt June 29, 2011 It’s a fair question. And when you hear the show tonight, in hour 2 we’ll try to address it. There is not a 100% correct answer but the wrong answer is to go sheeple now and worry more about reality television and the summer schedule of the broadcast networks. Join me from 7-9 pm ET M-F for news from sources and perspectives you will not hear anywhere else. You can listen to the Voice of Galt on this player: Or you can go to…


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More Risk Ignored: Local Chinese Government Debt now over $1.65 Trillion

By John Galt June 29, 2011 Business China has a gem of a report  from yesterday which will be ignored by the permabulls and various Bubblevision networks but could well be a warning of the coming liquidity crunch about to hit China and the rest of the world: China’s Local Government Debt Hits $1.65 tln; Raises Risk Concern While this might not seem like a crisis worthy of massive attention at this moment, it is part of a building case for a future disaster as Chinese financial accounting systems are anything…


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The Arab Spring turns into an Islamist Summer

By John Galt June 29, 2011 As this author and many others have been warning for months now,the glorious extremist “Arab Spring” has rapidly deteriorated into an Islamist summer with protests and riots re-emerging but barely covered by the U.S. media in nations from Morocco to Tunisia, Egypt to Iraq, and throughout the regions where “reform” was the promise but reality would, as expected, dictate otherwise. The truth is being exposed now in a series of headlines over the last week where violent clashes returned to Cairo last night and Tunisia…


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The Disaster in waiting: South Africa Considers Nationalizing Mines

  By John Galt June 29, 2011 While the Euro turns, the miners might be getting ready for Communist burns. The South African business newspaper, Business Day, has started a special in-depth series on the threat by the African National Congress (ANC) to nationalize the mining industry in that country due to inequalities of ownership and benefits to the citizens as a whole. This is the typical communist clap-trap when profits are strong and the economy begins to falter because of mismanagement by political parties who do not believe in freedom…



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6/28 V of Galt: DOOMER TUESDAY and Bring your Duct Tape

By John Galt June 28, 2011 Doom. Death. Destruction. Police State. And who needs a stinking Constitution anyways. More doom than the Rock could ever have dreamed to provide in the movie “DOOM”…. Join me from 7-9 pm ET M-F for news from sources and perspectives you will not hear anywhere else. You can listen to the Voice of Galt on this player: Or you can go to the Just Measures Radio page on the upper right hand corner of my blog located at this link. THANK YOU IN ADVANCE FOR…


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Municide Update: A Bridge Too Far in New Jersey

  By John Galt June 28, 2011 If Meredith Whitney is so wrong about her prediction of a municipal bond debacle on the horizon, then this question must be asked: Why are those in positions of power and within the media elites attacking her so much? Maybe it’s because she is going to be proven correct in the long run. The prediction she made for a muni-bond collapse in 2011 is nothing shocking but the time horizon might have been too short. I was just as guilty of numerous predictions in…



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6/27 V of Galt: Welcome to the Long Postponed Summer of Hell

By John Galt June 27, 2011 The news on the subject matter is everywhere. But many of us knew it was coming. How does one survive? Is this a terminal sign for America? Will the authorities encourage this violence and “hate crime” activity until someone gets killed or will they just consider this “venting” because “the man held them down.” It’s a fair question and it is not based on race but this government and our political leaders sure as hell will turn it into a racial debate. Join me from…


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How the USPS told me our Society was Doomed

  By John Galt June 27, 2011 The form above is for sending a package or envelope via USPS Express Mail. It is a simple form. Not elegant, not complicated, in fact the user only has a few key places to fill out the information needed to get anything from point A to point B overnight in most cases. The sections requiring the user to fill out are the “From” and “To” and to either check a box waiving the necessity for a signature or not. The U.S. Postal Service employee…


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Silver Shellacked again-Down 10% in June

  By John Galt June 27, 2011 The chart from INO says it all: 10% in just one month. Many people will panic. Others will say that this selling is overdue as silver is nothing more than a “speculative” investment with little if any use beyond electronics and medicine in the industrialized world. Unfortunately for the skeptics, this decline is setting the table for a major, perhaps terminal for our economy, climatic bull move to new highs. Over the intermediate term, the next 2-4 months, I am assuming that the dollar…


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ICC issues Arrest Warrant for Momar Gaddafi

  By John Galt June 27, 2011 Apparently they have sent their best man out to conduct the arrest. Seriously. If any story is a bigger joke than this one, I am hard pressed to find out what it is. The story from Reuters: Hague court issues arrest warrant for Gaddafi is the biggest joke I’ve seen in years. A sovereign nation, engaged in a civil conflict now with foreign interests supporting both sides heavily, has its corrupt, psychopathic leader facing the horror of an ICC arrest. I tend to think…



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6/26 Deathburger Death Cross Video Special

  By John Galt June 26, 2011 One of the most powerful technical signals in stock market trading is the “Death Cross” and its opposite, the “Golden Cross.” From Investopedia: What Does Death Cross Mean? A crossover resulting from a security’s long-term moving average breaking above its short-term moving average or support level. Additionally: Investopedia explains Death Cross As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in…


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6/23 Stock Market: EPIC BAIL

  By John Galt June 23, 2011 Without a doubt,today’s stock market was an EPIC BAIL. They kissed the 200 DMA on the S&P 500, stick saved it and brought it back from the brink. Look for a surge towards 1300 and over 12,200 on the Dow as they re-balance the Russell 2000 tomorrow and the shorts continue to cover. All the powers that be want to do is save the markets for earnings season but on tonight’s show, I think my prediction might shock a few souls. More on that…


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Weekly Unemployment Claims: Verifying the Dying Recovery

  By  John Galt June 23, 2011 This week’s report from the Department of Labor both seasonally adjusted and non-seasonally adjusted tell the tale of woe: When viewed in perspective of the NSA claims over the long term, the U.S. economy is far above the “norm” for an improving economy and another hint of a stall then crash may well be validated by the continuing reports which indicate deteriorating data every month:


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Does the E.U. Have an AIG Problem of its own?

  By John Galt June 23, 2011 Per the New York Times this morning the answer appears to be “yes” and could create even more headaches as the derivatives nightmare expands and is analyzed with all of the PIIGS nations. If the maximum exposure of just over $78.7 billion for Greece is all that is at risk, then it does not appear to be a major crisis as the U.S. could print that away with the ECB in nothing flat. However, if there are more in non-bank entities and other companies…



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Bernanke’s Press Conference: A NASCAR Wreck in Progress

  By John Galt June 22, 2011 I am not believing what I have heard from the head Central Banksters. This is what the powers that be were worried about, Professor Ben going out and cratering the world with his words. This is without a doubt like watching a 40 car NASCAR crash and this one statement sums it up: “We don’t have a precise reading as to why the pace of slower growth exists.” No damned way. He can’t be honest and say that, but he looks like he was….


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6/22 V of Galt: Patriots are Traitors

  By John Galt June 22, 2011 Join me at 7 pm ET to find out more. To listen to the program, click on this link and a player will start automatically or you can choose from one of the other four players on the page of your choice. Or you can click on the “Just Measures Radio” link in the upper right hand corner of this page.


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FOMC Economic Projections: Crack Don’t Smoke Itself

  By John Galt June 22, 2011 Seriously. To smoke crack cocaine apparently requires human intervention. Since I have never indulged like Charlie “I’ve smoked 7 rocks” Sheen, I can’t proclaim to be an expert, but I am pretty sure you need some sort of device and a lighter. Straight from the release from the FOMC just published for your amusement and bewilderment. First the mind blowing GDP projections which would be hilarious if I were not a citizen of the United States: And now the charts of GDP and future…


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Ag Slaughter after the FOMC Statement

  By John Galt June 22, 2011 Wow. Just look at the slaughter in the ag sector this afternoon: Corn is popping lower… Wheat is getting cut down: Soybeans hanging in there better but still down over 1%: Someone is not feeling their Oats this afternoon: Rice is getting support in price from China but still whacked again: Even Milk has been hit for a -0.80% loss today: (All Charts from INO.com) If my hunch is correct, and the ag sector seems to be telegraphing this, the dollar rebound is about…


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It’s Fed Day: Got your No-Doz Handy?

  By John Galt June 22, 2011 Ah yes, the sterling purity of our Federal Reserve building which contains the brilliance which has brought this nation from greatness into a state of fiat currency slavery in less than 100 years. Today is Fed Day as the Bubblevisions call it, the day when the Fed reveals its interest rate decision in less than fifteen minutes from now. I’ll post the entire statement here but I warn my readers now: There could be a surprise in store. In 2007, at precisely the same…


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China Sends a Message: First Aircraft Carrier Readies for Sea Trials July 1

  By John Galt June 22, 2011 The dispute in the South China Sea with China involving several nations is about escalate one more notch as the PLA announced the first sea tests for the former Soviet aircraft carrier, the Varyag. The refurbishment is complete and training exercises are expected to start on the 90th anniversary of the founding of the Chinese Communist Party on July 1st which is a sharp message being sent to its neighbors in the region. While there appears to be some calming of the situation with…


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Hope and Change? Yup, Change Back to the Carter Years

  By John Galt June 22, 2011 Trust me, he needs the smoke. The poll results revealed in a Bloomberg story this morning are Carteresque. Hope and change is turning into a flashback where polyester and disco are soon to return to the forefront along with the idea that its the citizenry causing the bad economy not the administration. According to the story from Bloomberg, 44% of Americans say they are worse off under Obama compared to 34% who claim to be doing better. The 34% number is easy enough to…



6/21 V of Galt: Surrender to Germany, Surrender your Nation

  By John Galt June 21, 2011 Tonight we review what happens when nations surrender to Germany at gunpoint. For the Greeks, not so good. For the Fed and Euro old family banksters? Awesome. Plus a review of the Supreme Court decision that may, I repeat MAY, give us a glimpse of hope. To listen to the program, click on this link and a player will start automatically or you can choose from one of the other four of your choice. Buckle up. The summer of our discontent is now here….



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A Stunning Decision from the U.S. Supreme Court with Massive Implications

By John Galt June 21, 2011 In what could only be called a stunning unanimous decision, the United States Supreme Court may have opened Pandora’s Box in the case of Bond v. United States.  I shall simply defer to the experts on their interpretations but from the individual citizen’s it does give them standing in property rights challenges, the stupid curly light bulb, and quite possibly agricultural issues for farmers not engaged in cross border (state or international) commerce. Thank God they decided to uphold the right of individuals to challenge…


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NAR Existing Home Sales for May: Can’t Blame the Weather, oops, they CAN

  By John Galt June 21, 2011 Another month’s worth of data from the National Association of Relativists, er, Realtors, and another bad report. From the NAR press release this morning: Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million in May from a downwardly revised 5.00 million in April, and are…


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Dispelling the Weather Impact on the Economy Myth

  By John Galt June 21, 2011 For months on end the Bubblevision and Mainstream media have desperately been attempting to play down the poor economic numbers by blaming the weather. If unemployment claims were up, it was the weather’s fault. If retail sales were down, it was because of a “late Easter” or the weather. If car sales were “unexpectedly” below expectations, it was due to the weather. If home sales came in poorly, it was of course, due to the weather. The only thing the weather was not blamed…


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Greek Credit Default Swap Vote is in: No Confidence

  By John Galt June 21, 2011 With the headlines screaming about Greece having the most expensive debt to insure in the world yesterday, the charts are just as painful. The one week chart of the 5yr Greek CDS from Bloomberg only tells half of the story: But even with the odds  in favor of the Greek government capitulating and voting for austerity measures that they will never fulfill for the second time in two years, the long term trend and belief of the markets is the inevitability of Greece defaulting….


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Glenn Beck Will Be Moving to Texas (Probably)

  By John Galt June 21, 2011 So I didn’t have time to do a “clean” photoshop job, shoot me. But the news from FoxNation tonight pretty much spells out where the Beckmeister will be moving to, especially if Governor Rick Perry signs this legislation into law. Heck, GBTV out of San Antonio, San Marcos or even Amarillo might be a sight to behold. This story though from Fox News tells the story why though: Texas Tells Feds: Shove Your Light Bulb Ban If that doesn’t provide a clue as to…


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6/21 Tuesday Reading Assignment: Der Spiegel’s How the Euro Became Europe’s Greatest Threat

  By John Galt June 20, 2011 IF this story from Der Spiegel is not a direct hint that Germany and perhaps some other Northern European nations are ready to kick out the weak sisters of the European Union and move forward without their participation, I do not know what is. Sentiment has been building in Germany, France, and other nations to get rid of the deadbeats and maintain the EU as a purely economic juggernaut without their drag. Read the article linked below to learn more: How the Euro Became…


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The U.K. Treasury prepares for the Eventual Greek Collapse

By John Galt June 20, 2011 The crisis in Greece is accelerating at a pace where after tomorrow the European Union’s very survival could well be determined. The Mayor of London, Boris Johnson, called for Greece to leave the EU and return to the drachma yesterday. Then tonight this headline on the front page of Tuesday morning’s U.K. Telegraph: Treasury plans for Greece to go bust The former foreign minister from the Labour party said it best in the article: a “quick” end to the single currency was now better than…



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6/20 V. of Galt: And Another American Death Ignored

By John Galt June 20, 2011 You can click on this link or the link in the upper right hand corner of the page under “Galt Pages” for Just Measures Radio to listen to the program as a variety of players are located there on my home page. Tonight I discuss the wasted lives in America and overseas as we head down the road to hell, with our leaders playing fiddles and our sheeple all singing ignorantly and gleefully for more. The Constitution will not die in flames or glory; it…


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