by John Galt May 6, 2012 12:58 ET From the newspaper Protothema: It does not take much imagination to figure out some of the party symbols such as the Communists K.K.E. or the Neo-Nazi Golden Dawn (XP.AYTH) but here is the breakdown of the poll from the newspaper story which is creating a huge stir in the Greek online community: ND, PASOK and SYRIZA head to head! 06/05/2012 19:00 Unprecedented election thriller show the exit polls. ND, PASOK and SYRIZA move without…
by John Galt May 6, 2012 12:25 ET There are many people willing to deny basic economic reality or the news that the manipulated government data points from around the world are sending, however gold and the gold ETF (GLD) continues to flash a warning clarion that can not be missed by any observer. Unfortunately for the naysayers, gold is still the final resting place for value and is indeed viewed as the alternative world currency by major economic powers such as China and…
by John Galt April 19, 2012 23:00 ET Tonight’s entry from Ambrose Evans-Pritchard contains not one, but two veiled warnings about the potential for another round of deflationary deleveraging which will stall the U.S. economy if not put it into outright recession, albeit brief, and destroy the European Union should it occur. This one excerpt from George Soros’ commentary within the story should be alarming to U.S. government officials because it is a warning shot across the bow: George Soros has launched all-out war…
by John Galt April 1, 2012 12:00 ET In the nation of Greece, poverty and misery rules the day as the ideals of Eurosocialism when implemented to completion take hold. The attempt to create a hybrid version of capitalism with Marxist overtones has never been successful and there is no reason to believe that success is just around the corner as a desperate population begins to realize the failure of the globalists which have sold the nation out to participate in an international currency…
by John Galt March 30, 2012 05:00 ET The world is on fire, the banking system in total confusion and preparing for another great consolidation, Europe is teetering, and what does the Federal Reserve Chairman, aka “America’s Financial Academic,” decide to speak on during some collegiate lecture series? The Federal Reserve and the Financial Crisis (click on the title to read the story in full) Any of my readers can click on the link above to watch the series or read the program in…
by John Galt March 28, 2012 22:25 ET That cured nation saved from the disaster and end of the world via a Eurozone banking collapse is not back in the international news, but since I’ve been one of the bloggers covering the story for ages now, perhaps a reminder from tonight’s edition of the Athens News is in order: Banks continue to bleed deposits: ECB (click on the title to read the story in full) This excerpt from the story says it all: Firms and…
by John Galt March 27, 2012 23:00 ET The saga of the Eurozone is far from over and the latest piece from Ambrose Evans-Pritchard in the U.K. Telegraph tonight says it all: Spain to slash spending as economy slumps back into recession (click on the title above to read the story in full) As the world thinks the Greek disaster is behind them, the lurking nightmares of Hungary, Ireland, Portugal, and Spain along with Cyprus and other Balkan states hangs over the heads of…
by John Galt March 18, 2012 18:30 ET Well I guess it would be nice If I could touch your body I know not everybody Has got a body like you But I’ve got to think twice Before I give my heart away And I know all the games you play Because I play them too Oh but I Need some time off from that emotion Time to pick my heart up off the floor And when that love comes down Without devotion Well it…
by John Galt March 18, 2012 16:00 ET The music is fading, the crescendo of crisis overrated according to some, the people of Athens are now found digging through garbage cans fighting their former pets for meals, all while the European Union chieftains and banking elite enjoy Chateaubriand and caviar in celebration of another hollow victory. The bondholders who refused to comply with the Greek default order are going to be paid a pittance compared to the thievery of the banksters and average citizens throughout…
by John Galt March 11, 2012 20:35 ET Tonight’s entry from Ambrose Evans-Pritchard via the U.K. Telegraph sums up the fears and reality of what happens before this year is out unless ALL of the world’s central banksters elect to engage their printing presses into hyperdrive thus, hyperinflation: Global liquidity peak spells trouble for late 2012 (click on the title above to access article in full) Really, nothing else needs to be added beyond saying read the article, understand the implications, and prepare for…
by John Galt March 9, 2012 17:00 ET Today I had the honor of being interviewed for the radio program “TruNews” with Rick Wiles. Much of what was discussed has been covered in these pages but Rick’s program offers a unique perspective and I offered my knowledge and experiences on world events to provide a perspective on everything from the Greek default to the Middle East during the program. To listen to the show, you can click on this banner link to the TruNews…
by John Galt March 9, 2012 14:52 ET ISDA determines Credit Event has Occurred Boom. CDS insanity begins. Statement via from the ISDA: ISDA EMEA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event March 9, 2012 NEWS RELEASE For Immediate Release ISDA EMEA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event LONDON, March 9, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question…
by John Galt March 8, 2012 22:15 ET The problem with a Ponzi scheme is that eventually someone gets angry enough to see the con for what it is and asks where the money really is. Welcome to the PECB, the Ponzi European Central Bank. Ambrose Evans-Pritchard has addressed this issue in his column tonight in the U.K. Telegraph: Legal skull-duggery in Greece may doom Portugal (click on the title above to access article in full) As the Greece insolvency crisis continues despite the bond…
By John Galt March 6, 2012 – 18:15 ET Live. No “War of the Worlds” intro. Just doom, straight up, on the rocks. Tune into DOOMER TUESDAY at 8 p.m. ET tonight to find out more… YOUR CALLS TONIGHT ABOUT WHAT YOU ARE WITNESSING AT THE LOCAL LEVEL OR LAST NIGHT’S PROGRAM ARE INVITED AT: 877-213-6404 Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.
by John Galt February 28, 2012 19:00 ET Can I get an “Oops” and an “AMEN” from the audience please? Irish EU treaty vote threatens chaos Ambrose Evans-Pritchard has elected to defy the powers that be in the European Union again and post an inflammatory but accurate commentary in tonight’s U.K. Telegraph (Click on the title above to read it in full) about what happens when representative democracy meets the agenda of the banksters who wish to enslave populations without proper representation. Excerpted: All three…
by John Galt February 28, 2012 16:10 ET Is any commentary really necessary? Now that the two gratuitous size queen photos are out of the way, here is what the United States Department of the Treasury, Propaganda Division, wants you to see: And what they don’t want you to see: Carry on. And buy more Gold and Silver. I’m just sayin’.
by John Galt February 28, 2012 05:30 ET The nation of Greece is now officially in default according to Standard and Poor’s (click here to read the story in full). The Troika and German expansionist government has declared that they would support the second bailout to preserve the status quo of confusion, deception, and deliberate subjugation of the Greek people. Unfortunately for the Germans, NATO, the European Union, and United States, a wildcard has been thrown into the fire by non other than the Greek…
by John Galt February 27, 2012 17:00 ET While the world burns and turns, the Dow flirts with the big 13K (why it is big, who knows other than CNBC), and the MENA region disintegrates into a flaming pyre, the one predictable action of the day has occurred after the Greek government decided to obey their Germanic masters and follow the U.S. government example of screwing bondholders as a practice to achieve even further disorder in the markets. The statement from S&P is pretty much…
by John Galt February 26, 2012 21:55 ET Hard as this to believe, I’m no longer going to pound my head on an exposed nail in the wall and preach to the insane that the world is about to end. In fact, I have no intention of any longer telling the foolish that the world is about implode. I’ve warned. I’ve preached. I’ve provided the warning signs. The financial system is irrevocably broken and the idiots in charge continue to preach that all is well,…
by John Galt February 22, 2012 05:30 ET In what can only be called a determination of default by investors, the sell off of Greece’s short term debt tells a tale of woe. The 1 year bond yield moved from yesterday’s close of 652% to 752% overnight while the 2 year moved a whopping 20 bps from 192% to 212%. If this isn’t the true vote on the alleged ECB/IMF “bailout” I do not know what is. This is a nation falling into disarray,…
by John Galt February 21, 2012 18:10 ET The first three portions of Ambrose Evans-Pritchard’s commentary on the Greek tragedy today drop a huge hint as to what is coming in the Balkans: Greek elections in April are likely to sweep away the political class tainted by the hated “Memorandum” of the EU-IMF Troika, with the once dominant PASOK party down to 13pc in the latest poll and votes peeling away to the Communists, the Democratic Left, and Syriza. Alexis Tsipras, the Syriza leader,…
by John Galt February 21, 2012 05:05 ET The technocrats are all patting themselves on the back but the truth about today’s “bailout” announcement comes from the Hellenic Financial Authority and its statement today (via The Athens News): The Hellenic Republic today announced the key terms of a voluntary transaction in furtherance of the 26 October 2011 Euro Summit Statement, known as the Private Sector Involvement, and in the context of its economic reform programme that has been agreed with the European Union and…
by John Galt February 17, 2012 05:20 ET Of course TPTB will tell us, just like they did with Indymac, Fannie, Freddie, and Bear Stearns that is “contained” and no big deal. Of course tell the Greeks digging through dumpsters this fact and I’m sure they will provide you with a sip from a Molotov cocktail. I give this less than a month before we see a 1000% yield. The intraday high today, thus far, was a nasty 639%. Just wow. (via Bloomberg.com)
by John Galt February 12, 2012 17:50 ET The sad sorry joke being perpetuated on the citizens of Greece who are clueless sheep and the mindless individual investors, what few are left, playing the Wall Street casino, is that tonight’s vote on the new Greek austerity program by the Greek parliament is irrelevant. The nation of Greece is completely insolvent, totally dependent on the whims of IMF and European Union technocrats along with banksters from New York to London, and the people have not…
by John Galt February 12, 2012 16:45 ET Tonight’s editorial from Ambrose Evans-Pritchard in the U.K. Telegraph is perhaps the starkest commentary yet on the disaster in the European Union and inside of Greece: Germany’s Carthaginian terms for Greece (click on the title to read the commentary in full) One sentence describes the EU’s folly best of all in this must read article: Belief that EMU fall-out from Greek exit – or “Grexit” in market slang – can be contained by firewalls and more…
by John Galt February 12, 2012 10:50 ET From Zougla.gr: Today’s debate and vote later on might be a forgone conclusion, but the reaction of the masses in the street is what will be most fascinating to watch.
by John Galt February 7, 2012 22:05 ET (Photo from Eurokinissi) It’s a good thing the IMF, the Troika, the ECB, and German masters have settled the Greek crisis. Of course that explains why this story from The Athens News was a “positive” reaction to the German imposed bankster austerity settlement whispered, rumored, and leaked today: Strike protesters burn German flag (Click on the title above to read the story in full) From the story: Hundreds of protesters chanting “Nazis Out!” clashed with police…
by John Galt February 7, 2012 18:55 ET With the hour by hour, minute by minute, second by second, millisecond by millisecond, and of course, microsecond by microsecond breaking rumors, er, “news” about a potential Greek bailout since 2009, the markets and reality are beginning to come up with answers to the inevitable break up of the European Monetary Union (EMU) unless Germany is allowed to establish a Fourth Reich. Thus tonight’s entry from Ambrose Evans-Pritchard in the U.K. Telegraph is a must read…
by John Galt February 6, 2012 05:25 ET All the Troika talks, politician’s lies, and banksters extortionist threats couldn’t put Humpty Dumptikos back together again. The graphic be;pw via Bloomberg.com says all you need to know about a Greek default being an inevitability, no matter what lies the television talking heads or Eurozone political elites present on a daily basis.
by John Galt February 5, 2012 16:15 ET The furor being raised at Germany and its policies designed to impose a new order of economic dictatorship over the poor nations of Europe and the weak banksters of the continent is now being openly expressed by the French socialists, as expressed in Ambrose Evans-Pritchard’s column from tonight’s edition of the U.K. Telegraph: French socialists’ Latin revolt against Germany (Click on the link above to read the article in full) The failure of the quasi-Marxist economic model…
by John Galt February 5, 2012 11:15 ET Gretchen Morgenson has produced a story in this morning’s edition of the New York Times which is a must read as a primer regarding the severity of fraud within the mortgage and real estate industry: A Mortgage Tornado Warning, Unheeded (Click on the title to read the story in full) The one portion, excerpted from the story above, which should tantalize my readers and cause great pause is as follows: Now he splits his time between Orlando…
by John Galt January 24, 2012 19:45 ET Tonight’s story from Ambrose Evans-Pritchard in the U.K. Telegraph should send a chill down everyone’s spine: EU ratchets up pressure with Greek default threat (Click on the title above to read the story in full) The excerpt that should disturb the average soul: “We’re sending a direct message to Greece that the community expects more. We’re not pleased and only when there’s a written message on the table in front of us, can further assistance be…
by John Galt January 22, 2012 17:35 ET Too bad Ambrose Evans-Pritchard in tonight’s U.K. Telegraph commentary doesn’t recognize that America is doing this with smoke, mirrors, and hopium. To read the article in full, click on the link below: America overcomes the debt crisis as Britain sinks deeper into the swamp Needless to say, this faith in the U.S. economy and it’s idiot politicians will not end well but don’t remind Ambrose of this fact. We’ll be in as bad a shape as…
by John Galt January 19, 2012 05:30 ET Based on the 1, 2, and 10 year bond yields in Greece, the markets are voting on a Greek default. So ignore the MSM and Financial media nonsense that is spewed today and prepare for a shock wave to hit the banksters around the world in the next 60 days. Next up after Greece are Ireland and Portugal.
by John Galt January 15, 2012 13:00 ET While America slumbers, the designs on our future are being tested by the bankers of the world in the PIIGS nations plus Hungary. The origins of the rule of law in the United States can be traced back to European history and specifically, English common law. Thus when the time comes for America to settle its debts with the nations of the worlds and the banksters within them, the example being set by Greece might well be…
by John Galt January 13, 2012 18:00 ET And now, presenting the Tweet of the day courtesy of ZeroHedge: I think old “Tyler Durden” said it without thinking of us minions and our twisted sense of humor. However, here is S&P’s downgrade in full from their website (Click on this link to read the full damage): S&P downgrades Italy rating via Channel News Asia Posted: 14 January 2012 0508 hrs ROME: Standard and Poor’s has decided to downgrade Italy’s credit rating by two notches…
by John Galt January 13, 2012 05:30 ET I’m sure somewhere on one of the uber-bullish blogs or Bubblevisions there is an analyst calling this super good news for the world’s equity markets. For Greece however, it is the beginning of the end and a total collapse. Next stop: 500%.
by John Galt January 8, 2012 20:45 ET The incessant screaming that the markets are fine, the economy is recovering, and don’t worry about Europe as we’ll bail them out and life will move forward into a new era of unicorns flying across the skies, painting them purple as they poop rainbows and Skittles. Of course what the bubblemedia, economists, and some biased news broadcasters, er, scratch that, all biased newscasters, will not tell the average viewer is that literally hundreds of billions of dollars…
by John Galt January 8, 2012 18:30 ET The headline in tonight’s edition of the UK Telegraph caused me to do a double take, and the article in full (at the link below) was even more insane: Italian Prime Minister Mario Monti: ‘The euro is not in crisis’ Uh, since when did Italy go Dutch? This is the most absurd headline of the day but the story only makes it better when one starts reading the details inside of it: “The euro is not in…
by John Galt January 6, 2012 05:30 ET Despite the popular belief that the Euro will survive there is ample evidence that the ultra-wealthy and many banks believe otherwise. The examples below are just of the German 1 year yield and the Euroswiss 3 month which both have displayed negative yields at various points in their recent trading history but more so recently as all faith in the ECB has evaporated. Bankers and wealthy investors do not pay central banks to hold their cash unless…
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