10/07/2011

Breaking News, Economics 10/07/2011

And after all the Drama: Euro Leaders NOW consider a Greek Default Plan

By John Galt July 10, 2011 In a print story by Arthur Beesley from the Irish Times on July 11: European leaders to consider default as part of Greek rescue It has to be a joke right? The Greek people were told repeatedly to “have faith in the European Union and the Euro currency” and now after all that, they are about to be ejected and tossed on the dustbin of globalist history because they banksters realized that all in all, there really weren’t any assets beyond some postcard ruins and…

Breaking News, Other News 10/07/2011

How the West lost the War on Terror: Don’t Fire at the Taliban bombers

By John Galt July 10, 2011 From the United Kingdom Defence Ministry website for the Army: The Ministry of Defence confirms that Sergeant Peter Anthony Rayner of 2nd Battalion, The Duke of Lancaster’s Regiment, ‘Lions of England’, Theatre Reserve Battalion, was killed in Afghanistan on Friday 8 October 2010. Sergeant Rayner was killed in action when he was struck by an Improvised Explosive Device whilst leading his men on patrol in the Nahr-e-Saraj District of Helmand Province. That story has been repeated thousands of times since the declaration of the mythical…

Breaking News, Economics 10/07/2011

A Christmas Warning from the United Kingdom: Retailers Facing Credit Issues

By John Galt July 10, 2011 Cash-strapped retailers face collapse over cost of Christmas stock The story linked to the Sunday Observer in the U.K. above is a warning shot for the upcoming Christmas season and illustrates the severity of the Main Street economy in that country. Ernst & Young said retailers who had been “hanging on in there” since the 2008-09 recession might not be able to build up enough cash to pay for extra stock for the crucial festive season as well as the rent due at the next…

Breaking News, Geopolitics 10/07/2011

Summer of Rage: Ireland-Bus hijacked, Petrol Bombs thrown at Police in Northern Ireland

By John Galt July 10, 2011 The situation in Northern Ireland apparently continues to deteriorate as last night’s violence was described as “serious public disorder” in Ballyclare Co Antrim according to the Irish Times Sunday edition. The following portion is from the story Bus hijacked during night of serious violence in North : Petrol bombs and other missiles were thrown at police and a bus was hijacked and used to ram a police vehicle. The violence flared at about 11.30pm last night when a crowd of up to 100 people began throwing…

Breaking News, Economics 10/07/2011

Commodity Whores: China’s H1 trade surplus down 18.2 pct

By John Galt July 10, 2011 About 3 hours ago, before midnight Eastern Time, the following headline from Xinhua, the Chinese news agency, hit the wires: China’s H1 trade surplus down 18.2 pct The reason this story is important is that it clearly does provide a glimpse into the support the Chinese are providing for commodity markets around the world. A month ago in these pages yours truly warned of this with flooding in southeast China and droughts through many of the agriculturally important areas of the country. Fast forward to…

Breaking News, Geopolitics 10/07/2011

The Islamist Summer rolls on: 1,667 Arrested in Malaysian Protests

By John Galt July 10, 2011 The video only begins to tell the story of another Islamic nation beginning its journey into the Islamist Summer from hell. The people of Malaysia are not exactly living the life of a truly free nation either and the protests which were supposedly blocked from happening as the roads were sealed off by the military and police turned out to be more of a government story rather than an effective means from preventing a large crowd from turning out in Kuala Lumpur, the nation’s capitol. …

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