January 2018

Another Dud from the Star Wars Missile Defense System

by John Galt January 31, 2018 19:25 ET Ummmm, yeah. The blaring headline from The Drudge Report tonight says it all: So what happened? From DefenseNews: Another US Navy ballistic missile intercept reportedly fails in Hawaii (excerpt) A test shoot of the SM-3 Block IIA fired from an Aegis Ashore test site in Hawaii failed Wednesday, CNN has reported. The missile is designed to intercept ballistic missiles. If confirmed, it would mark the second unsuccessful test of the Raytheon missile in the past year. It also deals a setback to U.S….


2018 State of the Union Drinking Game Rules 1.75L Stoli Edition

by John Galt January 30, 2018 18:00 ET Comrades, break out the big bottles! In honor of the fake Russian dossier, I thought I would get a real headache as America celebrates President Trump’s first State of the Union Speech and Democrats with their commie pals all commit hari-kari (no, that’s not suicide sex with an aspiring Japanese teenage Hollywood actress you stupid libs) using a rusty Ginsu knife. So let us all take a pause, gather our livers and sanity, and prepare to laugh at the liberals freaking out tonight…



The US Dollar is Crashing and Burning this Morning

by John Galt January 24, 2018 05:50 ET It would appear that not only have the Euro investors decided that the Dollar is no longer the place to be, but so has Asian investors as the Yen blew through the critical 110 level and even the commodity currencies like the Aussie and Kiwi have a bid. But why? If this is a shift in global confidence due to the malfucntioning US political system, then there might be some validity to this mornings drop. Even the common US Dollar Index is starting…


Don’t Kill the Messenger: Bitcoin Could Drop to $1800 or Lower

by John Galt January 23, 2018 21:00 ET As America becomes more and more fascinated with the internet porn version of “paper gold” (you know, the stuff allegedly stored in a triple secure vault in Perth, Australia), Bitcoin is starting to come under more and more scrutiny. Why one may ask? Perhaps these headlines will help: Alt-right utilizes bitcoin after crackdown on hate speech People are mortgaging their houses to buy Bitcoin Way Too Many People Are Using Credit Cards to Buy Bitcoin Report Reveals 18% of Investors Buy Bitcoin With…


Somehow, I Told You So, Doesn’t Quite Say It

by John Galt January 22, 2018 21:45 ET Ummmm, yeah.. If an investment makes precious metals players like me look good, then, uh, um, yeah… From TheSun(UK): Panicky Bitcoin investors struggle to withdraw cash from money exchanges as they look to ‘safe’ gold investments amid fears of cryptocurrency collapse (excerpted) But it could be bad news for investors tied up in Bitconnect who fear they will lose their money after the controversial trader announced it was shutting down. It assured customers they would be able to withdraw at a “recent exchange…


The Late But Ever Bizarre John Galt Predictions for 2018

by John Galt January 22, 2018 21:10 ET Yup, it’s the year of the Russians as the Russians are Coming, the Russians are Coming, if you believe the stupidity of the MSM, Democrats, and our military-industrial complex. Unfortunately for them a weakened Russian economy will keep Putin in check in 2018 and despite popular belief that he hid a microphone in Hillary’s cootchie, there are even some things a KGB agent will not do. However, that being the case, a weakened Russia, a dysfunctional European Union, and America being America it…


A Radio Legend, Albeit an Ugly one, Retires into the Sunset

by John Galt January 22, 2018 19:45 ET I know many of my readers will not care, but there is an important event happening on March 29, 2018: Don Imus is retiring from radio. From the New York Observer: One of the most controversial voices in radio is shutting off his mic. Shock jock Don Imus announced this morning that he is retiring from his eponymous Imus in the Morning radio show. The “I-Man” will broadcast for the final time on March 29. While Imus’ contract originally went through the end…


The Truth About Silver in 1980 and Cryptocurrencies in 2018

by John Galt January 17, 2018 22:40 ET Oh ye who sow ignorance of history, what thou shall reap is the agony of the past, in a present form of pain. – John Galt, January 17, 2018 Today on Bubblevision Channel One, aka, CNBC, a nasty debate about the cryptocurrencies erupted on the television screen:   Here are the key levels to watch for cryptocurrencies from CNBC. Interestingly enough, the part where the CNBC huckster, er, panelist told the guest to “piss off” was edited out of their own version of…


01.17.18 – CRYPTOCARNAGE Resumes After Overnight Rally Geek Squad Wrecked

by John Galt January 17, 2018 05:35 ET The carnage resumed after a rally above $11,000 last night with heavy selling apparently from Europeans and Middle East investors early this morning: Normally I would not recommend tuning into specific radio shows, especially hucksters like Glenn Beck, but his show might be worth a listen if they discuss Bitcoin(BTC) and various cryptocurrencies as he and his sidekick have taken a position in BTC and had several guests on the show touting the cryptocurrency revolution. What makes it interesting is this chart of…




CRYPTOCARNAGE – Bitcoin crashes below 10,000, Ripple down 50%!!!!!

by John Galt January 16, 2017 17:45 ET Uh, um, yup. At least the new kid on the block with the super-duper ultra blockchain is still rocking it, right? What a nightmare. This is what happens when fiat money chases imaginary crypto fiat money and a crash occurs. The exits are not big enough, there is not enough liquidity, and panic ensues. If it doesn’t, well, all I can say is the exit was obvious at $17,000 and now you’ll be lucky to catch a bid, if there is such a…


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