10/24 Islamist Autumn Update: Tunisian Secular Party concedes Election

By John Galt October 24, 2011 – 13:55 ET Per the Reuters news flash I just received: Islamists claim win in Tunisia’s Arab Spring vote 10/24/11 1:42pm EDT By Tarek Amara and Andrew Hammond TUNIS (Reuters) – Moderate Islamists on Monday claimed victory in Tunisia’s first democratic election, sending a message to other states in the region that long-sidelined Islamists are challenging for power after the “Arab Spring” Unfortunately with protests expanding in Morocco and terrorist attacks increasing in Algeria from Al Qaeda, this will not end well for the future…

10/24 FDIC Bank Failure Update

By John Galt October 24, 2011 – 13:20 ET This weekend was another one where any state having Republican strength saw more banks closed than Democrat controlled states but hey, that’s just a “coincidence” right? In the interim, those who have business accounts are banks which are seized are finding their day to day banking affairs a pain in the rear and unfortunately it will not get any better with this regime in charge. Thanks again to CalOkie for following the trends and keeping a statistical history of this collapse in…

And Now the NWO is Complete: Vatican Calls for “Global Authority on the Economy”

By John Galt October 24, 2011 – 11:40 ET Old Matt Drudge went right to the heart of it with this emblazoned on his main page: The story itself from Reuters though, is even more terrifying: Vatican calls for global authority on economy, raps “idolatry of the market” Gee, using the phrase of idolatry of the market sounds almost, well, Sharia like. The article from Reuters has this disturbing quote: It called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions….

If the French Banks do not need external help for recapitalization, then why the need for a Bazooka?

By John Galt October 24, 2011 – 11:10 ET The French newspaper La Tribune, reports today (see: Recapitalisation : les banques françaises n’auront pas besoin de l’aide de l’État ) that there is no need for external or state help for recapitalization of their banks per Christian Noyer, Governor of the Banque de France. He stipulated that the need was around €10 billion and would not require assistance from the national government and could be handled without help from the ECB or IMF. Thus begs the question: Why the calls for a…

10/24 U.S. Market Preview: The Eurocircus and U.S. Merry Go Round Continues

By John Galt October 24, 2011 – 08:00 ET Despite the proclamations of some who smoke the hopium that America is on the road to recovery and the 20% + real unemployment rate does not matter, the divergence between our political elites and Main Street is as glaring as I have ever seen it in my life time. The Eurocircus is ongoing now with rumors about rumors being leaked from meetings on an almost hourly basis which results in temporary boosts to equities and denials from the U.S. financial media that…

The Greek Bankers are Furious over the EU Agreement being Proposed

By John Galt October 24, 2011 – 07:30 ET While Germany and France debate how to pillage the nation of Greece while preserving their own financial structures, the Greek bankers are somewhat ticked  off over the desire to force the imposition of a managed economic system on the Greek people without their consent. The idea that the Troika would become a permanent oversight group for the Greek economy was floated during the meetings in Brussels, but now the European Union is looking to force higher haircuts for the Greek banking system….

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