By John Galt July 24, 2011 With all that is going on in the world, why listen to Beck talk about his Israel promotion, Mike Gallagher talk about Boehner becoming a man, and Boortz discussing toe fungus infestation among the inmates in his old home town of Atlanta. Tune into Just Measures Radio for the market coverage you want to hear tomorrow morning and any events which may impact our society that occur overnight in a bonus edition of the Voice of Galt. To call…
By John Galt July 24, 2011 So the question becomes will it matter to the markets or won’t it? The early Forex read on the rumors about a Democrat Party proposal is “ugh, not again” and selling the dollar is all the rage. Stay tuned to this thread for charts, news, and updates. BREAKING 1750 ET PER CNN: Boehner to hold conference calls with Republicans at the same time Pelosi and Reid meet with Obama. No further details. UPDATE 1825 ET: Well, the futures markets…
By John Galt July 24, 2011 Just a breaking news feature, no details. I guess they want to hold hands and sing The Internationale as the markets crash when the futures open or they’ve got a plan to declare martial law. Who freaking knows. I’ll be live on my blog and at the message boards typing away as this happens. There is a possible live broadcast tonight also so stay tuned to these pages. ************* UPDATE 2003 ET PER CNN ************** No statement forthcoming from…
By John Galt July 24, 2011 This one is a miss in my humble opinion. While it is true that the “ideologues” took Europe to the brink, there is no solution to a problem which has not been solved. The ideas that at some point in time that Europe can grow out of its disaster is as laughable as presuming America can grow its economy fast enough to meet the $114 trillion in obligations it currently has. However, Evans-Pritchard’s opinion is always worth a read…
By John Galt July 24, 2011 The news flow has been rightfully focused on the growing U.S. debt ceiling crisis but meanwhile the ocean rats known as pirates continue their plunder. Reuters just published a story recently about an Italian oil tanker with 23 crew members being seized off the coast of Benin in West Africa. The world’s powers have refused to address this issue off of the Horn of Africa beyond concrete steps like those taken by China and Russia, namely termination of all…
By John Galt July 24, 2011 Thanks again to CalOkie for supplying a stream of data which speaks volumes as to the severity of the FDIC problems and banking system as a whole. To read the latest updates, click on this link or on his page at the upper right hand corner from this posting. To give you an example of how bad things are this year, check out the cost of bank failures in Georgia alone from his charting: (Click on the chart to…
By John Galt July 24, 2011 While the world sighed relief with the temporary resolution of the crisis in Greece by permitting an actual temporary default which is not a default according to the banksters, the European Union is far from out of the woods as trouble lurks in nation after nation and the myth that debt monetization was forbidden by the structure of the European Central Bank (ECB) has been shattered forever. In fact if one takes a moment to reflect on the growth…
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