2.17.12 The Weekly Woo-Woo Report

by John Galt February 17, 2012 22:00 ET   One can not subsist on bad news and reality alone so the reality of the outer fringes of our world’s society must be covered and even the mainstream media actually covers some real news, weird as it is, when necessary. Tonight, I start with some Barry White in honor of the now former Indian government officials who elected to “get it on” while working it out on the job.   Click on the links below to read the stories in full India…

2.17.12 AEP: Iceland’s Viking Victory

by John Galt February 17, 2012 19:15 ET   So much for the “how dare you” mindset of the British and European banksters who wanted to invade Iceland with military force to take over the nation and insure they pay their debts back to their nations. Once the people Iceland elected to remain independent and not become victims of European servitude the hard times began but now are ending just a few short years later. Tonight Ambrose Evans-Pritchard highlights the glorious Viking victory of the tiny nation and jabs at the…

At 600% the One Year Greek Bond Yield demonstrates the Absurdity of it all

by John Galt February 17, 2012 05:20 ET   Of course TPTB will tell us, just like they did with Indymac, Fannie, Freddie, and Bear Stearns that is “contained” and no big deal. Of course tell the Greeks digging through dumpsters this fact and I’m sure they will provide you with a sip from a Molotov cocktail. I give this less than a month before we see a 1000% yield. The intraday high today, thus far, was a nasty 639%. Just wow.   (via Bloomberg.com)

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