16/02/2012

I am a Patrioterrorist

by John Galt February 17, 2012 05:30 ET   I am a Patrioterrorist. I believe the following: We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the…


2/16 Housing Data: More Depressing News in Realityville

by John Galt February 16, 2012 21:45 ET   The housing news, as usual, was spun by the Obamamedia, the Fedomedia, and the Bullmedia as the ultimate sign that once again, for the 113th time in 4 years, “We’ve turned the corner!” And as the unicorn pooping skittles and rainbows sprayed the news over Wall Street and the gullible morons of the nation, reality is here, at these pages. First, let’s not sugar coat this. Starts were up my friends. They were up nicely. In fact on a non-seasonally adjusted basis,…


Weekly Unemployment Claims: Don’t Worry, be Happy

by John Galt February 16, 2012 18:15 ET   The Great Messiah has cured all of our unemployment woes so if you’re one of the slugs who filed last week, obviously you are a Republican and hate black people. Of course, that’s what the mainstream media would have you believe as reality is not what these numbers reflect. In many cases, the missing class of folks having financial and employment issues can not file for unemployment benefits. That select group of citizens are those engaged in trades or careers that are…


Weekly FDIC Bank Chart Update courtesy of CalOkie

by John Galt February 16, 2012 17:40 ET   Many thanks to CalOkie for the latest updates on the FDIC bank failures from last week as the Treasury and the government continue to avoid the major regional bankster problem and concentrate on community banks which are faltering thanks to the idiots who conceived Dodd-Frank. Of course, the major banksters like BAC and other co-conspirators at the Federal Reserve will never let the general idiot public understand that the system is rigged to insure that smaller banks are absorbed by larger ones…


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