05/06/2012

ALERT to my Arizona Friends: Random IED’s being left in Phoenix and Glendale Area

  by John Galt June 5, 2012 23:15 ET I apologize to my Arizona readers for not posting this last night after my show. I’m going to take an excerpt from this article in Government Security News posted yesterday:   ATF puts up $10,000 reward for info on Phoenix IED attacker   In this story, the following information about the attacks was posted:   The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Phoenix Field Division special agent in charge Thomas Atteberry said on May 31 that the reward would be…


A fascinating editorial from a Chinese Communist Economist on the US Dollar

  by John Galt June 5, 2012 23:00 ET   I think this might be a good time for Americans to start paying more attention to not just Europe, but what is happening in the Far East. The following editorial is from China Daily, the Communist Chinese Party newspaper for foreign consumption.   Escaping the dollar trap By Zhang Monan (China Daily)   Direct yen-yuan trading is another step in China’s bid to extricate itself from excessive dependence on US currency   As part of efforts to boost bilateral trade and…


Liesmanomics is proof of CNBC Insanity

  by John Galt June 6, 2012 22:55 ET     America can only service its long term debt by refinancing and borrowing from China with short term debt, yet the debt has expanded to astronomical proportions.   The Federal Reserve is holding hundreds of billions of dollars of substandard, non-AAA paper on its books with no buyers and yet is expected to create a new QE program to bail out the banksters and keep the stock market from crashing before the election.   Idiot savants like Larry Summers are calling…


India and Japan to Establish Joint Defense Action Plan and Hold Military Exercises

  by John Galt June 5, 2012 22:30 ET   The world must not have enough instability. Of course if one asks the Chinese think about the headline above, their furor at the full story has yet to be revealed in their Communist Party newspapers. The cover for these exercises is practice for future operations in the Gulf of Aden to repel piracy in the Indian Ocean and Arabian Sea. The story from the Business Standard seems innocent enough (click on title to read it in full):   India, Japan to…


Walker Wins Recall Battle – MSNBC Staff on Suicide Watch

  by John Galt June 5, 2012 22:10 ET   I would like to start this commentary off first by providing a public service to the readers of “DU” and the MSNBC staff:   If you don’t use the phone number provided  above libtards, don’t blame me.   What did we learn tonight? That the mainstream media’s influence and labor’s power is continuing its decades long decline. Organs like General Electric’s  NBC “News” and I do mean to use quotes around that, attempted to push poll and promote the leftist candidate…


A Silent Key: In Memory of Bob Chapman 1935-2012

  by John Galt June 5, 2012 21:20 ET   Thanks to a listener to my live internet program tonight, I can now sadly confirm what has been speculated on the web almost all day long that broadcaster and economic news writer Bob Chapman has passed away on June 4, 2012.  His voice and spirit shall truly be missed and prayers are out to his family during this trying time.   The obituary as posted at the Funeral Home’s website:   Robert “Bob” John Chapman, age 76, of Winter Haven, FL…


Moody’s Downgrades Austrian Banks

  by John Galt June 5, 2012 19:30 ET   The hits for the Eurozone keep coming but these pages have been warning you for over a year that Austria was one of the high risk European Union nations due to its exposure to the PIIGS and more so its flailing neighbor Hungary.  Thanks to a persistently slowing economy in the PIIGS, Hungary, and as a result other Eastern European nations, Austria is in a particularly risky position due to the large number of home loans their banks provided to its…


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