27/03/2013

Slovenia is the Next Crisis for the Dysfunctional European Union

  by John Galt March 27, 2013 22:30 ET  Bloomberg started the Slovenia hit parade not even within a day of the “resolution” to the Cyprus crisis with this article: Slovenia’s New Cabinet Under Pressure to Avoid Cyprus Fate How bad is it? Their banks need upwards of €3 billion plus with an immediate need for liquidity for their banking system of €1 billion. Of course the European Union doesn’t realize that the more matches they flick on the Balkan powder keg, the more likely it will eventually blow up in…


Marc Faber on why This Disaster is Different

  by John Galt March 27, 2013 21:15 ET   In this interview with Marc Faber on Bloomberg Surveillance this morning, the most dangerous point that I’ve ever heard him make about the upcoming systemic crisis (my words, not his) where he states that “even in gold it will be difficult to hide.” I point to this chart from 2008 to highlight this point:   The gold chart from 2008 illustrates a demonstrative “death cross” as circled on the chart. In 2012 to today however, there is another ominous leading indicator…


Angry About Bailouts? Read this and get Seriously Mad

  by John Galt March 27, 2013 18:00 ET   The United States government has bailed out billionaires, Chinese solar companies, sex education programs, and worse. Thus the story from this afternoon’s Washington Times is only fitting as apparently there is a degenerate shortage which prevents Indian casinos from operating profitably: Indian tribes seek federal bailout money for casinos Seriously? They can’t even fix the blackjack tables like Vegas or rig the moronic video games so the house wins more? I kid you not, this is a serious attempt to get…


%d bloggers like this: