05/09/2011

A World on Fire thanks to Central Banking Policies

By John Galt September 5, 2011 – 23:00 ET The headlines tell the tale of woe over the past week: 430,000 Turn Out in Israeli Protests Marchers turn up heat over living costs, housing (Hong Kong Housing & Inflation Protest) Chile: Worker protests join student rising Mubarak’s Trial Resumes In Cairo Amidst Violent Clashes Swaziland: Phones Cut As Nation Protests No Holiday For BART Protests: Demonstrations Planned for Today, Thursday Hundreds of thousands protesters march in Yemen’s capital amid escalated tension, 4 injured West Bank mosque damaged by settlers in revenge…



And the Euro Approaches the Maginot Line, aka 1.40 once again

By John Galt September 5, 2011 – 11:05 ET As the world burns some more because of the PIIGS, our pigs in D.C., and our piggish banksters, the porkfest has resulted in a week’s worth of alleged stability in the Euro currency being wiped off the books. The market has dropped from 1.44 to 1.40 at a torrid pace which puts the ability of the ECB to support that key exchange level into great doubt and should it fail, set the USD off on a trip to the 86 level on…


9/5 Euro Flash Crash Trash Underway: No Faith in the Fed or the French

By John Galt September 5, 2011 – 08:15 ET As the world turns….into crap. No one apparently has any faith that the Fed will do enough, no faith in Obama to announce anything of consequence, and no faith in the honesty of the French banksters. Thus the formula for today’s across the board sell off in Europe. Germany, getting zapped the worst is watching the DAX crater 3%+: France is getting ready to surrender also: Austria down 3%: FTSE 100 just ugly: and now the PIIGS: Portugal: -122.54 1.93% Italy: -543.06…


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