4.19.12 AEP: George Soros and the Bundesbank’s Patriotic Putsch

by John Galt April 19, 2012 23:00 ET   Tonight’s entry from Ambrose Evans-Pritchard contains not one, but two veiled warnings about the potential for another round of deflationary deleveraging which will stall the U.S. economy if not put it into outright recession, albeit brief, and destroy the European Union should it occur. This one excerpt from George Soros’ commentary within the story should be alarming to U.S. government officials because it is a warning shot across the bow: George Soros has launched all-out war against the Bundesbank. In his latest…

Ford Continues to add jobs during the Economic Recovery

by John Galt April 19, 2012 22:30 ET   The economic recovery keeps chugging right a long as Ford announces the building of a new factory to almost double production. Unfortunately for the American worker, this plant is being built in Hangzhou, China to boost the automakers capacity by over 250,000 vehicles annually. Amazingly enough, no UAW workers will be hired to produce these vehicles. To read the full story from the Malaysia Star, click on the story link below: Ford invests US$760m in new Hangzhou plant

Municide Update: Apparently the first (of many to come) Public Pension Fund filed for Bankruptcy Today

by John Galt April 19, 2012 19:15 ET   In 2008, I wrote a piece titled “Municide” (Click on link to read in full) where I outlined the coming collapse of many counties, cities, and other municipal entities due to the implosion of the municipal bond market thanks to the collapse of the real estate market. Data today indicates that the housing market is far from recovering, especially considering that institutions like Bank of America saw a stunning 72% decline from last years mortgage origination according to their recently released quarterly…

4.18.12 HARDCORE News Update

by John Galt April 18, 2012 23:55 ET Click on any link below to read the full stories covered on the air tonight along with some news that time did not allow to be read on air: PM: Israel obligated to prevent nuclear-armed Iran Secret Service Agents Forced Out Amid Prostitution Investigation Colombian Escort Details Her Encounter With Secret Service Agent National Guard withdrawing 900 troops from U.S.-Mexico border CSX Furloughs Some Employees Due to Weak Coal Shipments Court says Arizona can demand voter identification Egypt’s mufti visits Jerusalem, angering Islamists…

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