25/07/2011

Schumer’s Example of Political Porn: Projections Equal Budget Cuts

By John Galt July 25, 2011 And no, it’s not about his “good friend” the former CongressPerv, Anthony Weiner. This is about the most obscene insult to the intelligence of American citizens that I can remember since the “hanging chads”and attempts to prevent soldier’s votes overseas from being counted due to Democratic Party objections. I present to you the ultimate in political pornography and demeaning behavior towards average American’s intellect courtesy of Senator Upchuck Schumer (D-NY): (Video from CNBC) For those of us “too stupid” to comprehend things like that difficult…


7/25 AEP: Angela Merkel faces revolt in Germany over rescue deal

By John Galt July 25, 2011 There are two very bad outcomes for the E.U. if AEP is right and Merkel falls hard due to the multiple bailouts: 1. The Leftists take over and institute a move towards a fiscal union of all of Europe. 2. The ultra-Nationalists gain a foothold and push for withdrawal from the Union. In the end, this deal if passed makes Germany a slave to world politics as much as it does to the unemployed cobbler or fisherman in Greece. AEP outlines the apparently building German…


China Continues to Add Yuan Trading Partners while Rome Burns

By John Galt July 25, 2011 As our politicians continue to destroy Rome and blame everyone but themselves, our largest Central Banker and trading partner is out setting up more nations to trade with using Yuan instead of fiat dollars. Tonight’s deal of the day courtesy of the Chinese news agency, Xinhua: Central banks of China, Kazakhstan to open special accounts on currency swap 2011-07-26 06:15:17 ASTANA, July 25 (Xinhua) — The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap. The…



7/25 V of Galt P.M. Edition: Quislings or Cowards?

By John Galt July 25, 2011 There are only going to be 3 types of people after TSHTF. We’ll cover that tonight. This is the time to stand for principles instead of political correctness. We’ll talk about who will stand with me and the 3% crowd or against the Constitution and Freedom. To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.


Chinese Fighters “repel” U.S. Aircraft in Taiwan Straits

By John Galt July 25, 2011 From the Financial Times July 25, 1112 EDT: Chinese fighters ‘repel’ US aircraft By Kathrin Hille in Beijing Two Chinese fighter jets crossed the middle line in the Taiwan Strait late last month for the first time in more than a decade to repel a US spy aircraft, according to defence sources in Taipei and Beijing. This marks the first known encounter between US and Chinese military aircraft in mid-air since a US reconnaissance aircraft collided with a Chinese fighter jet in 2001 and was…



And the Italian Markets Take a Dump again

By John Galt July 25, 2011 Meanwhile in another insolvent nation: Yes, that’s right boys and girls, that is the Italian FTSE MIB Boursa and it’s down 1.27% or 246 points as I type this thanks to the realization by the world that the ECB bailout by creating more debt to pay off more debt doesn’t actually pay off the debt owed. As a result the Italian banking sector is getting whacked again and I doubt that anyone in the U.S. will be paying attention as long as the carnival in…


Moody’s Downgrades Greece Further into Junk Ca from Caa1

By John Galt July 25, 2011 This morning Moody’s made the decision to downgrade Greece again, this time to just one step above outright default (statement can be found at this link), and the key phrase from this downgrade is obviously going to anger the European Central Bank and their minions: The announced EU programme along with the Institute of International Finance’s (IIF’s) statement (representing major financial institutions) implies that the probability of a distressed exchange, and hence a default, on Greek government bonds is virtually 100%. The magnitude of investor…


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