January 2015

The Hidden Gem in Today’s Federal Reserve Statement: Preparing for the Currency War

by John Galt January 28, 2015 20:30 ET Buried deep within the Federal Reserve’s Open Market Committee (FOMC) statement today was this gem which I feel has been misinterpreted by the financial blogosphere and especially or deliberately, the financial press. What is this gem and what do I feel it really means? Re-read this portion of today’s propaganda statement from the Fed and focus on the portion highlighted in red: To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to…


Why Today’s Stock Market Numbers are Totally Irrelevant

by John Galt January 27, 2015 22:30 ET I could just be an asshole and just post the following without explanation to summarize today’s action: Good think I’m a “nice guy” (LOL). The first thing news sources like the Wall Street Journal (thank you for the screen shot above) and the electronic horn dog ‘there’s a bull in every crack and crevice media thanks to Apple earnings, is that everything awful today was due to Snowmeggadon 2015 and Global Warming/Climate Change, which from a Florida and internet trading perspective was a…


01.27 Debaltseve Salient & Donbas War Update: Pro-Russian Forces Intensify the Siege (Video)

by John Galt January 27, 2015 22:00 ET To say that this past few days have been uneventful in the Donbas region, especially around the Debaltseve salient is an understatement. The intense fighting has exhausted not only the Ukrainian’s ability to hold key positions around the village of Debaltseve, but has stretched Pro-Russian rebel supply lines so thin that they have run out of ammunition attacking the Ukrainian military! First, this update in text via Colonel Cassad’s live daily journal (translated via Google and re-formatted to make it more readable): Results…


MSNBC’s Bill Nye the Mechanical Engineer Guy: Blizzard of 2015 due to Climate Change

by John Galt January 26, 2015 19:35 ET The United States is now officially a 3rd world crap hole when this is the “voice of science” as presented by the propaganda arm known as Pravda USA, aka MSNBC (Starts at 7:49 into video): Words can not describe just how retarded this network really is. If it were not for DNC/Government funding, it would be long, long gone based on its ratings. It is the modern American version of the old Radio Moscow World Service and here is my message to these…


Obama’s Yemen Success: US Citizens Should Depart Yemen Immediately, You are on Your Own

by John Galt January 26, 2015 17:45 ET Classic. The United States Embassy in Yemen issued the following statement today (h/t GatewayPundit.com): Emergency Message for U.S. Citizens January 26, 2015 Due to ongoing security concerns, the U.S. Embassy in Sanaa is unable to provide routine consular services but remains open and operational and is providing emergency services. We are continuously analyzing the security conditions and will resume regular consular operations as soon as possible. The U.S. Department of State warns U.S. citizens of the high security threat level in Yemen due…


Meanwhile in Cyprus, a Deal for a Russian Air and Naval Base is Imminent

by John Galt January 25, 2015 21:20ET While long rumored and discussed during the pre-bailout phase of the Cypriot financial crisis, it would appear now that NATO’s and the European/US influence is waning in the Med not just in Greece but now in Cyprus. On Friday January 23rd, the Cypriot newspaper Famagusta Gazette reported the following: Russia continue to seek Cyprus military base Moscow is interested in a potential agreement with Cyprus for military facilitation on the island, the country`s Ambassador in Nicosia Stanislav Osadchiy has confirmed. President Anastasiades is expected…


As the Grexit heated up, Turkish and Greek Fighter Jets engaged in Mock Dogfights

by John Galt January 25, 2015 20:55 ET While the United States and European Union huff and puff via the IMF and ECB over the impending Greek exit from the European Union (Grexit), tensions have quietly heated up between two long time NATO members who are antagonists of all non-Balkan members in their own right. From the Greek newspaper Kathimerini on January 20th: Greek and Turkish fighter jets engage in Aegean dogfights Greek and Turkish fighter jets were involved in a mock dogfight over the Aegean on Tuesday in the first…


01.25 1800 ET Update: The Debaltseve Salient May be Closing – Ukraine Faces Massive Loss of Troops

by John Galt January 25, 2015 19:55 ET The situation in the Debaltseve salient appears to be deteriorating with the Ukrainian military divided between hunkering down and fighting it out to some reports via the internet of Ukrainian draftees in the military switching sides and fighting with the pro-Russian rebels. This map of the situation and speculation that the pro-Russian forces may have now seized Popasnaya may indicate the salient, or pocket is closing. When one zooms in on the pocket closing, if the reports are true, then the severity of…


01.25 US Equity Futures, Euro Open Lower with Grexit Facing the Markets

by John Galt January 25, 2015 18:30 ET This is what happens when central banksters have what they do to taxpayers done to them. In this case, Greece appears set to flip off the thugs with the Syriza victory and shift back to the real Marxist model leaving Western banking cartels to eat dust or raise taxes on their own middle classes (again) to cover losses. All charts from Finviz.com: Dow futures are pretty ugly and have not recovered much since the screen shot above now indicating a 97 point decline….


01.25 Over 5,000 Ukrainian Soldiers faces Encirclement and Annihilation in Eastern Ukraine

by John Galt January 25, 2015 11:00 ET News is filtering in from the internet and usually pro-Ukrainian news sources this morning of a potential disaster for the Kiev government as the strategic village of Debaltseve which reportedly has somewhere between 5,000 to 7,000 Ukrainian soldiers and militia contained within the pocket. From EMPR Media in the Ukraine: Debaltseve is surrounded by the enemy forces: another Illovaysk? The city of Debaltseve, which is located on the south west of Luhansk is obviously in a very tense situation now. The map shows…


Real War: Video of Shelling in Mariupol Ukraine Today

by John Galt January 24, 2015 14:00 ET Today, either the Pro-Russian rebels or Ukrainian forces found a target on the suburb of Mariupol worthy of a sustained Grad rocket attack. This is what real war looks like gang, and there are real dead people on the receiving end of this attack. While Obama and the Western media continue to ignore this conflict, the truth is that when Mariupol is encircled a siege will begin and the Ukrainians will be forced to surrender. At that point in the war, everything changes,…


With the Death of the Saudi King, a US Invasion of Yemen is only Weeks Away

by John Galt January 22, 2015 21:45 ET Just about one year ago on February 5, 2014, I warned about events on the Arabian peninsula which have now come to fruition: Obama is about to Lose Another Arab “Ally” to Radical Islamists in Yemen Within that warning, I stated the following: Once Yemen falls, there is a proverbial line in the sand challenging Saudi dominance in the area and worse, it creates a hornet’s nest of Islamist radicalism potentially obstructing commercial traffic into the Red Sea and Suez Canal with Islamic…



The Officially Unofficial State of the Union Viewer Guide and Drinking Game

by John Galt January 20, 2015 16:00 ET I’ll watch these aholes so  you don’t have to. No promises about sobriety though as we as a nation are heading into the abyss of history as a second Rome under the leadership of the Messiah in Chief and the Junior Cowards Brigade (Republicrats). Thus for tonight’s program, I strongly suggest that those who have saved their liver for a rainy day and want to wake up with it as black as our President, please participate in this drinking game, at your own…


01.20.15 State of the Union Booze and Importance Poll Questions

by John Galt January 20, 2015 15:40 ET Tonight, the guy who is currently holding the United States hostage for, well, I’ll let the counter below offer the depressing news:   Thus with that bad news in mind, and tonight’s State of the Union Propaganda effort to be presented by the “one” I thought it might be a great idea to survey what my readers might be drinking during the bullcrap session tonight. The other poll question is much more important: I shall post the officially unofficial SOTU drinking game rules…


If I am China, Russia, North Korea, etc. I would Invade the Wussified U.S.A. Tomorrow

by John Galt January 16, 2015 18:55 ET As if the stories about banning sledding on snow covered hills wasn’t a sign, or the government investigating parents for, gasp, allowing their children to walk home from a park all alone a sign of PC wussiness going into overdrive, along comes Secretary of State John Kerry who served in Vietnam, won two medals for mosquito bites then threw them over the White House fence so he could prove he is a man. What did Secretary Lurch do today? Instead of showing up…


01.16 The Fallout Continues – NZ FX Broker Shuts Down, US Futures and Asia Down

by John Galt January 15, 2015 22:00 ET The news tonight is dire with FXCM announcing a potential loss exposure of $225 million from the Swiss National Bank announcement (via Bloomberg): “Due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, FXCM said in a statement dated Jan. 15. That ‘‘generated negative equity balances owed to FXCM of approximately $225 million.’’ Meanwhile Global Brokers NZ has shut down due to illiquidity as a result of the SNB action (via Marketwatch): SYDNEY —…


Swiss National Bank Cuts Overnight Lending rate to – 0.75% Ends Cap on Swiss Franc

by John Galt January 15, 2015 05:00 ET The news this morning in every market has been upending by a deflationary panic move instigated by the Swiss National Bank when the central bank of that tiny nation eliminated their protective floor of 1.20 on the EUR/CHF (Swiss Franc) and US Dollar while at the same time cutting overnight lending rates to an unheard of negative 0.75%. The reaction was swift in the Euro/Dollar trade as it crashed into 1.15 rate but has since bounced back into the 1.16 range: Meanwhile, the…


Russia Drastically Cuts Natural Gas to Europe as Military Offensive against Ukraine Begins

by John Galt January 14, 2015 21:10 ET As America sleeps in the fog of reality television and sports aplenty, the reality of geopolitical ignorance is about to be slammed home by the actions of Russia against the Ukraine and America’s allies in Europe. On Sunday night, January 11th, a major barrage was launched on the Donetsk Airport in the Eastern Ukraine by pro-Russian forces according to numerous Ukrainian news sources and independent bloggers. The following video from RT/Ruptly via TheInterpreter tells the tale of the initial ferocity of what was…


Islam is Mean: Saudi Cleric Issues Fatwa Against Snowmen!!!

by John Galt January 13, 2015 19:05 ET Yes, seriously. As if beheading criminals in Saudi Arabia faster than ISIS can slice and dice Western aide workers and journalists, the Saudi religious freaks who fund and manipulate this US administration have once again jumped the ice shark with this declaration. From ITV News: Saudi Arabian cleric issues fatwa against snowmen From the article linked above: A religious cleric in Saudi Arabia has issued a fatwa ruling forbidding the building of snowmen. Sheikh Mohammed Saleh al-Munajjid was asked whether it was permissible…


Meet Liam Neeson the Globalist Liberal Pro-Gun Control Moron of the Day

by John Galt January 12, 2015 18:25 ET Liam Neeson, formerly one of my favorite actors of the modern era, decided to display his ignorance of American culture and more importantly, the United States Constitution. During an interview with the Dubai based newspaper Gulf News, he stated the following: “There’s too many [expletive] guns out there,” he continued. “Especially in America. I think the population is like, 320 million? There’s over 300 million guns. Privately owned, in America. I think it’s a [expletive] disgrace. Every week now we’re picking up a…


Bad News Sparky: All Savings due to Cheap Gas Eaten up by Obamacare Insurance Increases

by John Galt January 6, 2015 21:30 ET As the American media regales in the rapid decline in oil prices and parallel drop in regular unleaded gasoline prices, the miniscule amount of savings for the average family on a weekly basis was already spent thanks to six years of Euro-socialism culminating with the implementation of President Obama’s Affordable Care Act. How is this possible, my readers may ask with  that puzzled Kim Kardashian reality television show look? Let’s review some the news of the past 4 months to get a clue….


In “Conservative” Florida, the Global Warming Insanity Runs Amok with Taxpayer Dollars

by John Galt January 5, 2015  19:30 ET Tonight I made the mistake of reading one of the local newspapers in our region, and what pray tell did I find? Florida Department of Health awards Manatee $10,000 to combat health impacts of climate change This story from the Bradenton Herald might be just ‘disturbing’ if it were during a Charlie Crist or Democrat administration. But when one read’s the nonsense spewed by the Manatee County Department of Health representative in the story, it becomes apparent that “conservative” Republican Governor Rick Scott…


The DDD’s that Terrify the Federal Reserve

by John Galt January 4, 2015 22:00 ET No, not the patriotic ones, but they are nice. And no, not Dolly Parton’s, from way back in the day either. The headline from Ambrose Evans-Pritchard’s January 2nd column in the UK Telegraph, and the content within should provide a basic education as to what is about to hit the Western economic world: Europe’s bond yields fall to lowest since the Black Death How is this possible? This excerpt from the article painfully explains it in one very short sweet quotation: German five-year…


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