16/06/2012

Egyptian Elections: We should save our effort for a second revolution

  by John Galt June 16, 2012 14:30 ET   “We should save our effort for a second revolution.”   – Saeed, a butcher in Cairo on today’s Presidential Elections   Stability? Peace? An Arab Spring which Conservative commentator Bill Kristol and President Obama agreed on being in the best interest of the region and people of Egypt? It would not be so laughable if it were not for the rapes, murder, torture, religious persecution, and cruelty being inflicted on the citizens of Egypt at the hands of a corrupt military…


3 more Bank Failures Friday Night

  by John Galt June 16, 2012 07:25 ET   The FDIC has been busy this month with a total of 7 failures in just two weeks. The three banks were in Florida, Georgia, and Tennessee with the first two states on the list continuing to be the hardest hit. CalOkie will update my readers on Monday June 18th with his latest series of charts and information as something is amiss for the activity to tank then suddenly take off as it has. To read the details on the closings, click…


Saudi Crown Prince Nayef Dies Causing Plunge in Saudi Arabian Stocks

  by John Galt June 16, 2012 07:15 ET   Prince Nayef bin Abdulaziz Al Saud, who became heir to the throne last year at the age of 78, has passed away. He was also the head of the country’s interior ministry and considered a hard core traditionalist willing to work with Western governments while demanding non-intervention from world powers in Saudi Arabian affairs. The Crown Prince’s passing now brings a wee bit more instability to the region as the new successor must be found soon considering the poor health and…


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