04/06/2012

06.04.12 Ambrose Evans-Pritchard Column indicates DEFLATION

  by John Galt June 4, 2012 17:30  ET   Tonight, Ambrose Evans-Pritchard switches from the Austrian bugaboo view to the Keynesian “oh crap we are all going to die” point of view in his U.K. Telegraph column:   Global slump alert as world money contracts   What? I thought we were in perpetual expansion? The Bernank, Obama, the Demopublicans, Republicrats, and Eurocommies all assured us sheeple that the events of 2008 were a one off event and the probability of a repeat were as remote as an African native becoming…


Happy Jubilee Queenie: Egan Jones Cuts the United Kingdom to AA- from AA

  by John Galt June 4, 2012 16:30 ET   The only question is why the United States isn’t ‘A’ or ‘A-‘. From Reuters just minutes ago:   Egan-Jones cuts UK sovereign credit rating to AA-minus   Rating agency Egan-Jones cut the credit rating for the United Kingdom on Monday to AA-minus with a negative outlook from AA, the latest in a string of European sovereign downgrades from the agency.   “Unfortunately, we expect that the UK’s debt/GDP will continue to rise and the country will remain pressed,” Egan-Jones said in…


Posse Comitatus is now Irrelevant: US Military Allegedly assisting Police by using Drones

  by John Galt June 4, 2012 16:00 ET   This PDF document of a declassified Air Force intelligence report obtained by CBS News Radio KNX-1070 spells out what I have been warning about on the air for over a year now:     The report from KNX-1070 a CBS affiliate in Los Angeles by Charles Feldman (Click here for full story and audio report) has one extract which is particularly disturbing:   Under U.S. Air Force rules, drones are not allowed to conduct “non-consensual surveillance” on U.S. citizens or property,…


Warning: Possible Head Fake Breakout in Gold and the GLD

  by John Galt June 4, 2012 05:00 ET Almost a month ago on May 6th, I warned of bad things from the financial world in this article:   Gold is Sending a Dire Economic Warning   Thus far that warning has been spot on but the recent action in the gold markets on Thursday and Friday of last week has suddenly given my fellow goldbugs the “hopium” that a bottom is in. I must argue to the contrary as the technicals are still horrid and not enough work has been…


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