May 2012

7 Charts Indicate Why Europe is Doomed

  by John Galt June 1, 2012 05:15 ET   (All charts courtesy of Bloomberg.com)   Have my readers ever wondered why the financial networks always show 1 year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever possible? Perhaps these seven charts will indicate why they prefer to color the truth and hide the seriousness of the economic realities of Europe. I have posted the charts of the major stock market indexes for the PIIGS plus Cyprus and Hungary to offer perspective as to how severe the…


The Collapse is the Easy Part

  by John Galt May 31, 2012 23:00 ET   Throughout the recent five years of American economic, political, and Constitutional crises the world chugged along with winners and losers selected by fate and foolishness as the erosion of our modern civilization continued from within. This system crash at all levels, morality, financial structure, religion, politics, and the viability of the nations impacted from this disaster is going to lead to some extremely long term changes in the world, some of which will shock the unprepared, and kill the unaware. There…


5.31.12 V of Galt: Tonight I solve the Problems of the United States in 15 Minutes Flat

  By John Galt May 31, 2012 19:30   Tonight I cure several major issues pressing against the United States of America which indeed could trigger recession, revolution, and a police state. I shall cure these problems with my 3 point plan in the first 20 minutes of the program.   Do not miss this show as after that, the real bad news shall be recited and the manufacturers of Duct Tape, Whiskey, Xanax and related drugs will start to thank me profusely.   Hear me out at 8 p.m. Eastern…


Just Measures Radiothon Memorial Day Archives are now Available

  by John Galt May 30, 2012 19:35 ET   And a special thanks to some of our listeners based on the handles who worked behind the scenes to help with the program and if I forgot anyone, I assure it was not on purpose:   JHPace DavidKal Crucible   AND 1GiantKiller who provided the recording and archives for this show and purchased the last copy of the manuscript for my online blovel, The Day the Dollar Died , along with some other awesome goodies.   Click on this link for…


5.29 AEP: Europe’s debtors must pawn their gold for Eurobond Redemption

by John Galt May 30, 2012 19:25 ET   Europe’s debtors must pawn their gold for Eurobond Redemption   (click on the title above to read the article in full)   Ambrose Evans-Pritchard outlines a radical new plan being devised by the technocrats and banksters in Germany to seize control of the Southern European nation’s treasures, gold, and national assets. The first two sentences of the story tell the tale of deceit being concocted by the banksters of Berlin:   The German scheme — known as the European Redemption Pact —…


FYI, I will be a guest on TruNews with Rick Wiles via Shortwave and the Internet Tonight

by John Galt May 29, 2012 19:00 ET   Tonight I will be a guest on Rick Wiles’ TruNews program broadcasting at the following locations:   Via the internet at this link.   ON Shortwave via:   World Wide Christian Radio (WWCR) shortwave frequency:   9350   6pm Eastern 5pm Central 4pm Mountain 3pm Pacific   World Harvest Radio shortwave frequencies:   5920 9860   9pm Eastern 8pm Central 7pm Mountain 6pm Pacific   Last but not least a moment to thank Rick Wiles for his contribution to the Radiothon with…


The FDIC DIF Cost hits a New 41 Month Low

  By CalOkie May 27, 2012   Looking at this week’s new charts, we see a new 41 month low for the FDIC DIF (deposit insurance fund) cost. The cost paid by the FDIC this past month of May was only $19.7 million dollars.   Incredible …… just incredible.   This follows a two year downward trend where the FDIC DIF cost has plunged. So far the DIF cost incurred this year has been minimal. At the current rate of bank failures and DIF cost, we could very well see the…


The Prisons in Greece are Running out of Food

by John Galt May 29, 2012 07:00 ET   In another sign that the nation of Greece is failing to function at every level, another story appears in the Greek newspaper Protothema which gives the average person some degree of awareness as to how severe the crisis truly is:   Prisons are running out of food   It’s a good thing those evil Christians that the American elite liberals despise are still alive and well in what’s left of the Hellenic Republic. This excerpt from the story tells the world why:…


A special Thank You to our Radio Listeners

by John Galt May 28, 2012 20:30 ET   This weekend I was honored to participate in a 24 hour Radiothon to raise money for the Wounded Warrior Project.   I wish to offer a huge THANK YOU to all of our guests, listeners, and donors, who helped us raise:   $13,015   Thank you all so very much and once the majority of pledges have been received via snail mail, the check will be issued immediately to the WWP.   God Bless America and our Vets on this Memorial Day….


Memorial Day Weekend Radiothon for the Wounded Warrior Project

by John Galt May 27, 2012 01:15 ET In a little over 17 hours, yours truly with my friends at the Just Measures Radio Network will begin a Radiothon to raise money for the Wounded Warrior Project. The goal of this program is to raise as much money as possible for our veterans as we can.   You can help.   Click on the link below and learn more however, understand there is a “pregame” show filled with patriotic music and speeches starting at 4 PM Eastern time so if your…


5.25.12 SubTropical Storm Beryl Forms off Carolina Coast

by John Galt May 25, 2012 23:30 ET   Sigh.   And it is not even the start of hurricane season. As usual, satellite and NHC graphics update automatically. This looks like it could become a LONG season again for those of us in Hurricane Alley.   SUB-TROPICAL STORM BERYL ADVISORY #1   000 WTNT32 KNHC 260242 TCPAT2   BULLETIN SUBTROPICAL STORM BERYL ADVISORY NUMBER 1 NWS NATIONAL HURRICANE CENTER MIAMI FL AL022012 1100 PM EDT FRI MAY 25 2012   …SUBTROPICAL STORM FORMS IN THE SOUTHEWESTERN ATLANTIC… …TROPICAL STORM WARNING…


5.25.12 V of Galt Friday Night Fights: Bug-In v. Bug-Out

By John Galt May 25, 2012 18:30   Sorry gang, I changed the subject. And tonight’s show will invite two callers to enter the Octagon, two enter, one leaves victorious. The rules are:   1. There are a few rules otherwise, no.   2. Kicking below the belt, okay.   3. No cursing.   4. No gouging.   5. No using Obama as a reason for anything.   6. Don’t piss on or off the host.   Hear me out at 8 p.m. Eastern Time live via the Just Measures Radio…


Electric Shock Treatment being used on “Special Needs” students in Massachusetts

by John Galt May 23, 2012 05:25 ET   Just when you think America can not sink any lower into a Nazi/Soviet style Eugenics fantasyland, this story catches my attention from Anderson Cooper’s CNN television program which I watched early this morning:     Needless to say I am disgusted with our nation as the program illustrates that we have learned nothing from our past, nothing from the horrors of allowing “scientists” and academics to implement programs without proper oversight, and nothing about allowing our nation to drift further from God…


Italy Reports Businesses suffering a Credit Crunch

by John Galt May 22, 2012 17:45 ET   In a not so subtle article from the newspaper Adnkronos, the crisis in Italy is far from over and might indeed be accelerating:   Businesses suffering ‘credit crunch,’ report says   This excerpt from the story tells of a tale of woe growing month by month:   Italian businesses are facing a credit crunch,” according to a report by the national statistics agency.   Last year “modest investment activity was accompanied by a growth in the difficulty to access bank credit,” said…


5.22.12 Bank Failure Update

by John Galt May 22, 2012 17:05 ET   Due to some technical difficulties on my end as I conducted the website redesign and with one of my email addresses I have been unable to update CalOkie’s bank failure charts but now the snags are fixed and the charts are now up to date as of last Friday’s only closing, as pictured by the header from the FDIC’s takeover of Alabama Trust Bank in Sylacauga, AL. Even though bank failures are slow this year, it appears to be more about keeping…


Fitch Downgrades Japan

by John Galt May 22, 2012 05:20 ET   The other elephant in the room, the Japanese economy and debt disaster, received a major blow this morning while the rest of the world slept as Fitch downgraded Japan to A+ with a Negative Outlook. The reasons outlined should sound familiar to any European government or even the casual U.S. observer:   “The downgrades and Negative Outlooks reflect growing risks for Japan’s sovereign credit profile as a result of high and rising public debt ratios,” said Andrew Colquhoun, Head of Asia-Pacific Sovereigns…


The Financial Police Arrest a man for Failing to Print and Issue Receipts to Customers

by John Galt May 21, 2012 15:00 ET   A sneak peek into America’s future perhaps?   Imagine your son or daughter working a part time job at a local restaurant as a cashier. The customers usually don’t ask for a copy of their receipts so the habit has been to throw them away. Suddenly, your son or daughter is arrested by one of the customers who identifies himself as an undercover officer for the U.S. Treasury Department Financial Police.   Crazy sounding isn’t it?   No, it’s reality everyday if…


05.20.12 AEP: Rising US recession risk poses the real threat to Europe

by John Galt May 20, 2012 23:59 ET   But, butt, butt, butttttt, butttttttt, I was told on the teevee that Mr. Obama had saved the day according to the Vice-President, Mrs. Biden.   Oopsies, again!   Tonight’s editorial/commentary from Ambrose Evans-Pritchard sums up the ultimate definition of “critical mass” if and when the American economy collapses in this article:     Again; do what? I thought Obamanomics cured cancer, AIDS, divorce, unwanted pregnancy, herpes, and common toe nail fungus. Apparently, according to the concerns of Mr. Pritchard in tonight’s U.K….


Radical Anarchists and Communists attack Diners in Suburbia: So what?

by John Galt May 20, 2012 23:05 ET   Two choices are upon you.   Watch the following video via YouTube from LMFAO and consider this “America’s future” or….     Wake the bleep up to reality as I can educate you as much as the idiot in chief, America’s first Marxist President.   First and foremost, I’m approximately the same age as the MMM Prez so to say “you can’t relate” is lie number one. When yours truly was in college I was an atheist (God forgave me, I think),…


HUGE DOT: Communist Chinese Buyers DEFAULT on Raw Material Contracts

by John Galt May 20, 2012 22:50 ET   As America parties, the world burns.   Unfortunately for some futures contract holders and those who think they can sell anything to the, ahem, “COMMUNIST” Chinese government, er, companies, this rude awakening has hit them in the face with a two by four:   China buyers defer raw material cargos (click on the link to read the story in full- Subscription required)   In this story from the UK’s Financial Times, the story by Javier Blas in Singapore and Jack Farchy in…


The Mogambo Guru Reminds You: WFD

by John Galt May 20, 2012 22:00 ET   No comment is necessary.   This excerpt from the latest editorial from the Mogambo Guru should provide a clue for those who are ignoring reality:   Of course, Ben Bernanke, chairman of the Federal Reserve, so famously said that inflation is only a problem for people who buy things or put the money under their mattress to save it instead of putting the money into investments that will, hopefully, grow as fast as inflation, to which I reply, with all the sarcastic…


The Day the Dollar Died RETURNS

by John Galt May 20, 2012 21:30 ET   After months of haggling, arguing, and bullcrap (much like the Federal Reserve’s nonsense) I have abandoned efforts to make the blovel/novel, “The Day the Dollar Died” which I first published in November of 2009 an online novel for purchase. Needless to say it was a huge success years ago and my readers need a refresher as to what can and probably will happen due to bankster incompetence when all is said and done.   The names might change, but the theory and…


Cyprus Crisis Update: Turkey threatens Oil Companies and Israel to deploy 20,000 Commandos

by John Galt May 20, 2012 10:00 ET   The world is focused so intently on the coming collapse of Greece and their withdrawal from the European Monetary Union that one of the byproducts of the regional instability in the Balkans continues to operate much like the Israeli Air Force has been in the same region. This week saw the first direct interaction between Israeli Air Force and Turkish fighter planes near Cyprus that I can recall in modern times (From Hurriyet Daily News see: Turkey asks Israel to explain airspace…


Grexit Worse than Lehman per Mexico’s Central Bankster Ortiz

by John Galt May 20, 2012 08:20 ET   Finally, at least one of the banksters of the world has provided some degree of honesty about this mess over in Greece. The threat of the Grexit was enough to turn the debut of Facebook on the NASDAQ into FacePalm creating a concern that the entire world economy is teetering on disaster. From an article in the Athens News yesterday:   If Greece leaves the euro zone it could detonate a global financial crisis even worse than the 2008 credit crunch, dry…


Tropical Storm Alberto forms off South Carolina Coast

by John Galt May 20, 2012 07:00 ET   In what can only be described with the word “ugh” as in here we go again, the first tropical storm of the season has formed off of the coast of South Carolina. Alberto is the earliest tropical storm to form since 2008 and almost three weeks before the official start of the hurricane season. With that little gem of good news, a reminder that the satellite photos and graphics from the NHC update themselves automatically, model runs will be updated in this…


This CNBC Story Proves that Atlas has Shrugged

by John Galt May 16, 2012 22:00 ET   This afternoon on CNBC, a young lady whose name is irrelevant representing a heretofore never heard of group called “Ultraviolet” made the case to demand a seat on the board of directors for a private corporation, Facebook, because they had no female board members.   Not one female venture capitalist put up any money to deserve a seat on the board.   Not one single reason financially or qualification was put forth for such a nomination.   Not one excuse for the…


An Al Queda Terrorism Manual for American Consumption

by John Galt May 16, 2012 21:40 ET   In what I can only call as a shocking document, I’ll leave this to the reader’s imagination as to how this will be perceived by the more radical and tempted members of America’s young Islamist nutcases. This is a direct shot at those who wish to do harm to our families, friends, and neighbors and should be taken for what it is:   A recruitment tool for Islamic youth dissatisfied with our nation and ideals.   Many thanks to Public Intelligence.com for…


5.16.12 AEP: Greek euro exit looms closer as banks crumble

by John Galt May 16, 2012 16:55 ET   What can I say? Ambrose Evans-Pritchard is on a roll this week with his columns in the U.K. Telegraph and this one protion from today’s piece sums up the disaster we are facing quite nicely:   The crisis is replicating the pattern of fixed-exchange ruptures through history. Britain was forced off the Gold Standard in 1931 after pay-cut protests in the navy triggered capital flight.   Greek banks have lost 30pc of their deposits since late 2009. The total fell to €171bn…


Today’s Housing Data is PLOPOO

by John Galt May 16, 2012 16:30 ET   While the mainstream media engages in P.L.O.P.O.O. (Putting Lipstick on Pig of Obamanomics), the reality of today’s housing numbers are still so bad, they would even embarrass Lyndon Baines Johnson; hell, maybe even Harry Truman!   The Media’s PLOPOO updates look like this:   Rebound in Housing Starts   Housing market posts best stretch of growth in nearly four years   Housing starts, single-family building permits jump in April   Builders start construction on more homes in April   Based on just…


CPI is “Tame” but not for the reasons the Media would have you believe

by John Galt May 15, 2012 22:30 ET   The usual suspects are at their propaganda inspired best with the monthly BLS report on consumer prices. The mainstream media has the usual headlines:May 15, 2012 22:30 ET   US Consumer-Price Index Unchanged; Core Rate Climbs 0.2% US April consumer prices flat as gasoline drops US consumer prices flat as gas costs fall   In other words, gas distorted reality as the reality is that the impacts on things the average American need or use every month increased except for electrical utilities…


While Europe Burns and America Slumbers, Israel prepares for War

by John Galt May 18, 2012 19:05 ET   Last night on my live podcast I covered this story then after a customary four hours of sleep the realization hit me today of the implications of this story form the Jerusalem Post:   IDF building backup facilities for key sites   The Eurozone is in the midst of a total economic collapse, the United States mired in the summer doldrums of a political campaign between Tweedle-D and Tweedle-bo-R-edom, and in the mean time, Iran and Israel both appear to be accelerating…


5.15.12 AEP: Appetiser cost of Greek exit is €155bn for Germany, France: trillions for meat course

by John Galt May 15, 2012 18:45 ET   Appetiser cost of Greek exit is €155bn for Germany, France: trillions for meat course   My fellow internet wanderers, no, your eyes do not deceive you. The costs are almost incalculable because the world has never experienced anything like what we will witness occurring in Greece as their exit from the European Monetary Union seems almost certain now.   In tonight’s article from the U.K. Telegraph, Ambrose Evans-Pritchard makes the following, terrifying statement:   Needless to say, the real danger is contagion…


5.15.12 Voice of Galt: Doomer Tuesday Returns with a Vengeance

By John Galt May 15, 2012 – 17:55 ET   Hide the chuldren. Hide the dogs. Hide the cats. Put the cows into the barn. And buckle up as Doomer Tuesday returns with a news vengeance tonight. Tune into DOOMER TUESDAY at 8 p.m. ET tonight to find out more…     Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.    


Facebook Follies meet Economic Reality

by John Galt May 15, 2012 16:25 ET   Does the sock puppet from Pets.com bring back any flashbacks of reality? How about these old internet dynamos and how they are doing these days:                           The list of companies could fill pages but the reality is that a profitable model must be in place or demand for the product to justify expenses for investment, product purchase, or advertising expenditures. The highlights above of “Yahoo Auctions” and “Google Answers” should…


The $1.024 Billion Bank Run

by John Galt May 15, 2012 15:55 ET     The Greek crisis took another turn for the worse as the middle class began to realize that no deal would be struck to form a new government and the European Central Bank would never seriously consider any relief for the stricken nation. As the electoral politics spiraled out of control over the weekend, on Monday Greek citizens withdrew approximately $1,024,000,000 aka €800 million from the nation’s banks. This means that the middle class has finally realized what the wealthy figured out…


Wake up that Dead Cat for Today’s Equity Bounce

by John Galt May 15, 2012 05:30 ET   After several days of just horrid technical destruction and weak trading action, look for equities to start their Facebook dead cat bounce phase. Today, if it plays out as most bear market moves do, should see a rise in prices in the morning, fade after lunch, and then it is a coin toss if the markets finish flat or lower. If there is major selling into the morning rally then that is a very ominous sign. U.S. stock market futures, as indicated…


Moody’s P*wns the Italian Banksters – 26 Banks Downgraded

by John Galt May 14, 2012 17:35 ET   Moody’s unleashed a firestorm with this release today piling on top of the Greece fire:   Moody’s downgrades Italian banks; outlooks remain negative   Excerpt from the official statement at the link above:   The ratings for Italian banks are now amongst the lowest within advanced European countries, reflecting these banks’ susceptibility to the adverse operating environments in Italy and Europe. Today’s rating actions reflect, to differing degrees for each affected bank, the following key drivers:   1.) Increasingly adverse operating conditions,…


5.13.12 AEP: World edges closer to deflationary slump as money contracts in China

by John Galt May 13, 2012 19:300 ET   The warning I posted about the gold market signalling something bad was happening (see: Gold is Sending a Dire Economic Warning) in the world’s economy very prescient appears to have been validated to date by the data coming from Communist China. The deflationary warning signal precious metals and commodities are sending is unmistakable and in tonight’s commentary by Ambrose Evans-Pritchard, that clarion is screaming a deafening alarm:   World edges closer to deflationary slump as money contracts in China   This trend…


A Disturbing story from Greece: Half of Police Officers voted for Neo-Nazi Party

by John Galt May 13, 2012 17:00 ET   The headline from the Greek newspaper Tovima was disturbing enough:   One in two police officers voted “Golden Dawn”   The story itself though speaks volumes as to just how hardened law enforcement in Greece has turned against globalism and those wishing to impose the will of the European Union on their nation. This excerpt (translated using Google) spells trouble for the Mediterranean nation’s future should the next government wish to force the country to remain in and abide by the EU…


Signs of the End: Italian Military may be deployed to protect Tax Collectors

by John Galt May 13, 2012 14:40 ET   As nations and empires decline into economic chaos, one of the major signs of civilian defiance is a refusal to participate in the “normal” or above ground economy and to engage in open acts of defiance towards the tax authorities. The nation of Italy has made finding alternatives to paying some of the most oppressive taxation policies an art form. The defiance however, has been moderated by the European Central Bank’s insistence on usurping the democratic will of the citizenry and the…


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