Articles by John Galt

12/10 While You Slept Bitcoin Crashed and Recovered Again

by John Galt December 10, 2017 10:15 ET Twas two weeks before Christmas, And all through the Financial Houses, Not a creature was stirring, Except Crypto-mouses. Wow. The “stability” of crypto bubble currencies never ceases to amaze but what Bitcoin has been doing over the last three weeks is nothing short of Ponzi spectacular. Last night was no exception: A drop of over $2,000 since Friday with a bounce back to $15,000 all in one night. Someone in Asia apparently thinks the US futures debut will be a clusterfawk while others…


A Dangerous Encounter: US F-22 Chased Away over Syria by Russian Fighter Jets

by John Galt December 9, 2017 15:25 ET A very dangerous and irresponsible air encounter occurred over the Deir Ezzor region in Syria which could have easily tripped the world into a global conflict involving Russia and the United States. Per the Russian news agency TASS, a US F-22 fighter was performing dangerous maneuvers designed to interrupt operations of Russian Air Force SU-25 Frogfoot ground attack aircraft as the Islamic State was being driven out of its remaining positions in the region along the Euphrates River. Excerpt from the story via…


Bitcoin Might Reach $20,000 Before Winthorpe and Valentine Sell

by John Galt December 7, 2017 06:35 ET I’m not saying that the chart I posted last week looks vaguely familiar, but here it is again for those who emailed and commented on “Guess this Chart” last week: For those who wonder, it was the NASDAQ from August 9, 1995 until the top right before it crashed in 2000. The August 1995 date is significant because it market the debut of Netscape on to the market and the wave of .com bombs which caused a massive crash which followed. Which brings…


Today’s Old Man on the Beach in a Speedo Stock Market

by John Galt December 4, 2017 21:20 ET Well, you took the click bait so let me give you my rant before making your eyes hurt with today’s market action. Granted, I live close to one of the most beautiful and popular beaches in the world at Siesta Key, thus the dress code is somewhat lax, especially during the season when the northerners and Europeans invade. But for Pete’s sake people, especially you old guys, do not wear speedos or other European swimwear thinking you have a body like Borat with…


America’s Pathetic Crisis de Jour: A Christmas Tree Shortage

by John Galt December 4, 2017 20:15 ET With wars in the Middle East turning into bloodbaths, the US on the verge of nuclear war with North Korea, drug overdose epidemics nationwide, sex perverts in Hollywood and Politics everywhere, and of course a mainstream media willing to make up news to attack the average American middle class citizen or the President with their #FakeNews, what is the big story locally and nationwide? Yes, seriously. It’s all over the local news. It’s all over the national news. Pathetic. The United States of…


The NFL’s Roger Goodell is Actually PC Principal in Reality

by John Galt November 27, 2017 22:30 ET Watch this instructional video on PC Principal (courtesy of South Park) and then reflect: So what does the so-called PC Principal and Commissioner Goodell have in common? To get some idea, let’s review Rush Limbaugh’s rant on the NFL from 2016 with many thanks to the DailyRushbo via YouTube: The truth of the matter was obvious to any real NFL football fan several years ago when Princess Goodell was made the “Commish” of the league; he is a far left extremist anointed by…



Pelosi Defends Democrat Pervert Conyers

by John Galt November 26, 2017 10:45 ET Today on Meet the Democrats, er, Meet the Press, House Minority Leader Nancy Pelosi (D-CA) said the following: Excerpt from NBC News: “John Conyers is an icon in our country. He has done a great deal to protect women – Violence Against Women Act, which the left – right-wing – is now quoting me as praising him for his work on that, and he did great work on that,” she added. “But the fact is, as John reviews his case, which he knows,…


Happy Thanksgiving

by John Galt November 23, 2017 07:00 ET With all the insanity this nation has experienced over the past year, including myself and my household, there is a lot to be thankful for. Let us all say our thanks and enjoy this day with our families. God Bless! John


From the Shit You Could Not Make Up Part 122: Hillary Goes Nixon

by John Galt November 19, 2017 23:50 ET Just F’in wow. Hillary is actually believing the nonsense her supporters promote, just like Nixon did. Hillary Clinton actually claims the following (thanks to The Daily Caller for this one): “He didn’t tweet about it, he got to work about it and he actually got it done” Really? Listen you wicked bitch, it is sad enough you attack everyone who didn’t vote for you, which by the way was a majority of the nation outside the shitholes of the Northeast and West Coast,…


Despite Idealism, the Communist Mugabe in Zimbabwe was Not Deposed Due to Idealism

by John Galt November 19, 2017 23:35 ET This weekend the international and naive US media have once again portrayed the overthrow of the long standing communist dictatorship of Robert Mugabe as that of a “populist” revolution against a stale region. Trust me. It is 100% bullshit. This is about one thing which was announced by the Mugabe government in 2016 and ultimately will result in his downfall. From the UK Guardian on March 3, 2016: Robert Mugabe to nationalise Zimbabwe’s diamond industry If anyone thinks this is not enough to…


Israel has Sold It’s Soul to Islam in the Name of “Security”

by John Galt November 19, 2017 23:00 ET Today on Israeli Army Radio, the Israeli government admitted a deep dark secret which many of us have suspected: From Haaretz today: Energy Minister Yuval Steinitz said on Sunday that Israel has had covert contacts with Saudi Arabia amid common concerns over Iran, a first disclosure by a senior Israeli official of such contacts. In an interview on Army Radio, Steinitz was asked why Israel was hiding its ties with Saudi Arabia, which does not have diplomatic ties with Israel. Steinitz replied: ”We…


Why 2018 Will Continue to set Records for Stocks (Until it Doesn’t)

by John Galt November 19, 2017 22:00 ET The theory behind Trumponomics is as simple as it gets: Buy the bubble until you can not afford to. This is the same issue which arose during the 1990’s, yet few, if any, of today’s young quants can relate to the issues of that time which are mirrored in today’s era of stock froth and insanity. Old dogs like Dennis Gartman and Art Cashin wonder aloud why the traditional shorting and other strategies are floundering in the face of an overvalued market based…


Quick, Someone call Kathy Griffin a Waaaambulence! (Video)

by John Galt November 19, 2017 18:10 ET Ms. Irrelevant, aka, Kathy Griffin, is down to doing YouTube videos to beg for work since she thinks she is “blacklisted” in the U.S. and without work when she returns home from Europe. The problem is that she’s not blacklisted, she’s not funny. Enjoy the whiny video from someone who thinks her shit is so good she can’t dare step down to doing clubs as other comedians who have had their career take a U-turn. All I can say is that the video…


While you Slept: Bitcoin CRASHED 10% Overnight and over 25% Since Thursday

by John Galt November 12, 2017 01:45 ET Oops. This was not supposed to happen according to Geekdom Economics 101:     However, when you hear hucksters like Glenn Beck and others start to dump their gold promos for “wow, look at the pretty tulips” type of hype, you know the shit is about to crash. And so it has. Since Thursday, 11/9 Bitcoin on the open market has crashed almost 27% as of just about an hour ago. What does this mean for the bigger picture? It means that this…


We’re Back and So am I

by John Galt November 12, 2017 01:00 ET Boys and girls, it is officially good to be “back” as it were. Not just my University of Miami Hurricanes which just beat the crap out the faux team from South Bend, Indiana, but I too am back. Finally, and thanks to all my readers who prayed and supported my family, my father was declared cancer free on Friday. After numerous trips to Tennessee, many of which you and my friends did not know about, the University of Tennessee experts and others performed…


Why the Dow Could Rise to 25,000 or fall to 10,000 in 2 Easy Charts

by John Galt October 30, 2017 05:00 ET Hilarious, right? Most individuals are laughing at the past, enjoying movies like “The Big Short” and ignoring what has happened in the past versus what is happening now. Why do I say this? The idiots who watch Fox Business, CNBS, or Bloomberg TV, read the Wall Street Journal or Financial Times and fancy themselves as “experts” on the markets. While anyone could have purchased an index fund or ETF in 2010 and held on for dear life for the bull market ride of…


BOOM: Washington Post Breaking News Tonight that Hillary Campaign and DNC Paid for Infamous Trump Dossier

by John Galt October 24, 2017 19:05 ET Tonight, The Washington Post has broken a bombshell story which verifies what most sane Americans already presumed: Clinton Campaign, DNC Paid for Research that lead to Russia Dossier   The Washington Post? Yeah, it’s bad when they abandon the DNC coverup and Clinton crime family. For this to be published at 6:21 ET tonight, means that the DNC leadership is throwing Hillary and the entire Clinton operation overboard not just to save their party, but to salvage Obama’s legacy. This excerpt from the…


The Deconstruction of Faith in the Concept of America

by John Galt October 22, 2017 The Decline and Fall did not begin with the Bill O’Reilly scandal of alleged sexual misconduct, but indeed, it might be a marker in today’s society and America’s history. There are many in our society who attempted to convey the idea that Mr. O’Reilly was similar to Howard Beale in the movie “Network” however the similarities are only due to the age of the comparisons, not the content of their rants. The so-called “left” in our nation however has its own issues by contrast, where…


From the Crap You Can’t Make up File – Equifax gets Fraud Prevention Contract from IRS

by John Galt October 3, 2017 20:00 ET I swear you just can not make this crap up any more. From Politico’s website tonight: IRS awards multimillion-dollar fraud-prevention contract to Equifax Yes, seriously. The same IRS that handles all of your private information just gave a no-bid multi-million dollar contract to the company which exposed all of your private information to every Pakistani, North Korean, and Russian hacker on planet Earth. Excerpted: The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud under a no-bid contract…


The Disgusting Left is on Display Again after the Mandalay Massacre

by John Galt October 2, 2017 20:45 ET The “left” in America is once again demonstrating that the bodies don’t even have to be hauled away from the crime scene before they start their insane, anti-American, hateful rants. From the extreme left-wing website Vox: White American men are a bigger domestic terrorist threat than Muslim foreigners Yes, seriously. Excerpted: When President Donald Trump signed his since-revised executive order banning people from seven Muslim-majority countries from entering the United States, he claimed it was to protect Americans from “radical Islamic terrorists.” “We…


No Picture

It’s good to be back online

by John Galt September 16, 2017 08:55 ET Finally, my internet is restored. I’ll have a lot to write about and a report on what survival gear worked and what sucked. First, time to restock the home. Thanks for all the kind messages and emails and pray for the people in the Florida Keys and Caribbean Islands who got this storm a lot worse than we did.





09.03 BREAKING NEWS: North Korea State TV Claims Test was Hydrogen Bomb

by John Galt September 3, 2017 07:35 ET The photograph displayed above was widely circulated throughout the international media as North Korean State TV (KCNA) claimed that this was their leader, Kim Jong Un inspecting a working hydrogen bomb which could be mounted on an ICBM. Apparently there is some validity to this claim this morning as highlighted by South Korea’s Yonhap News a few hours ago: N. Korea claims successful test of H-bomb for ICBM (excerpted) SEOUL, Sept. 3 (Yonhap) — North Korea said Sunday that it has successfully conducted…


09.03 00:30 ET BREAKING NEWS: Large Nuclear Test in North Korea 6.3 Magnitude

by John Galt September 3, 2017 00:30 ET Effective immediately the rules have changed. Earlier today, the North Korean government claims they have developed a miniaturized hydrogen bomb which could be mounted on its missiles and used to attack U.S. targets and interests. From Yonhap News in South Korea: N.K. claims development of hydrogen bomb for ICBM North Korea claimed Sunday it has developed a hydrogen bomb that can be mounted on its new intercontinental ballistic missile (ICBM), saying that it can produce as many powerful nuclear weapons as it wants….


One Picture Which Proves Bitcoin is a Bubble

by John Galt August 20, 2017 22:10 ET Should I post a bunch of graphs comparing the 1990’s tech boom to Bitcoin? Eh, no. What about an in-depth analysis of the Tulip mania compared to other bubbles past and present. Er, no, not that again. Just the picture below which I snapped one day while sitting at a traffic light in Sarasota County: Cash4Gold was a fad and flopped. When someone implies that it is “easy money” it isn’t, it is a bubble. This too shall pass, mark my words. Enjoy.


U.S. Vows to Intercept any North Korean Missiles Fired on Allies

by John Galt August 17, 2017 18:45 ET As everyone thought the North Korean crisis was on the back burner as world markets tremble and Barcelona shakes from another Islamist terror attack, the Defense Department unloads with this story tonight to wake up the Asian markets (via Yonhap News, South Korea): Mattis vows ‘immediate, specific’ actions to intercept N.K. missile Woah. As the pot-bellied one has decided to disappear back into his man-cave full of porn and God knows what else (I don’t want to know) now the Trump administration is…


08.15 War Update: Brief Skirmish Between Chinese and Indian Forces in Disputed Border Region

by John Galt August 15, 2017 20:00 ET As North Korea begins to cool down, now the conflict fires up between China and India in the disputed area in Jammu and Kashmir on the North Bank of the Pangong Lake. From India Today earlier this morning: This has been downplayed by both sides as the article below from the Hindustan Times indicates: Indian troops foil China’s incursion attempt in Ladakh, minor injuries on both sides after stone-pelting Excerpted: Indian troops on Tuesday foiled two incursion bids by the Chinese in Jammu…


Did the Russians Just Remove their Diplomats from North Korea?

by John Galt August 13, 2017 20:55 ET In what would appear to be a possibly disturbing development, a civilian flight was just tracked by the Twitter user CivMilAir departing Pyongyang, North Korea to Vladivostok, Russia: Airborne from Pyongyang #NorthKorea heading to Vladivostok #Russia – Air Koryo Tu204 P633 JS271 https://t.co/mFAa89O4WA pic.twitter.com/ZzhMdtbX4k — CivMilAir ✈ 🚁 (@CivMilAir) August 14, 2017 Speculation on the web that this is the Russian diplomatic staff which if verified, would be a most disturbing development following the story I posted earlier about the warnings from the…


08.13 Breaking News: Russian Foreign Ministry Warns Conflict is Closer on Korean Peninsula

by John Galt August 13, 2017 10:25 ET Russian Foreign Ministry spokesperson Maria Zakharova has just issued a statement within the last thirty minutes that appears to indicate war is coming to the Korean Peninsula. From ITAR-TASS News Agency: Situation around North Korea coming close to potential use of force – Russian diplomat The risk of a force solution to the crisis around North Korea is very high, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Sunday. “How far the situation has gone… Well, it has come very close to a…


China Threatens U.S. if Pre-Emptive Strike Against North Korea Occurs

by John Galt August 10, 2017 21:45 ET Nothing like watching a Chinese People’s Liberation Army hell march video to remind everyone that they have the largest military in the world. The superpower race has shifted thanks to globalist ambitions over the last forty years thanks to the major nuclear powers ceding the actual dying over to subsidiary client nations whether they wanted to fight for those powers or not. Tonight in the Global Times of China, an official organ of the Chinese Communist Party, the following editorial appears which clearly…


The Next Market Crash Will Not be Televised

by John Galt July 31, 2017 05:00 ET Way, way, way, way back before televisions were generally available in color, cable was a luxury reserved for hotels and the wealthy, and financial television was reserved to Louis Rukeyser and a weekly program on PBS and the “Nightly Business Report”, the idea of information beyond the 6:30 p.m. national newscast was considered absurd. In fact when the 1987 Market Crash hit live on cable television, it was the quixotic moment which brought financial news out of the shadows and into the forefront….


The Ugliest Stock Chart of July 2017

by John Galt July 30, 2017 20:10 ET Uglier than Rosie O’Fat’s wedding kiss? Yup: It has not broken any long term support levels yet, but if there are more weeks like the last one on increased volume, then odds are we will break support and indicate that a major divergence has been validated and a key market reversal has begun. The next 90 days (hmmm, where have I heard that) could be super dangerous for equity traders as the proverbial “Black Swan” is now flying all over the algo houses…


The Ultimate Bitcoin Crash Nightmare

by John Galt July 30, 2017 19:00 ET The experts in Bitcoinland have been proclaiming how great this cryptocurrency is and shall be into the future. The “experts” also claimed that it was healthy for the cryptocurrencies that the Securities and Exchange Commission required ICO’s (Initial Coin Offerings) within the United States to be treated somewhat like IPO’s (more at this link).  However, and as usual with new technologies (a la Portfolio Insurance, Derivatives, etc.) the SEC is already 4 years behind a burgeoning multi-billion dollar industry as most nation’s regulators…


Friday’s Poop-The-Bed Stock Chart Special

by John Galt July 28, 2017 21:50 ET From the once, er now not so much, magical rabbit pooping company MicroStrategy’s website: We provide powerful software solutions and expert services that empower every individual with actionable intelligence, helping enterprises unleash the full potential of their people and investments. Our analytics and mobility platform delivers high-performance business applications that meet the needs of both business and IT. Now that we’ve established what they do, how did they do after last quarter’s earnings report: In technical analysis that is called “shitting the bed”…


Thanks to the Trumpcare Collapse Here comes the Great Crash of 2017

by John Galt July 28, 2017 05:30 ET Around 2 a.m. Eastern time this morning, the revenge of the Establishment Republicans was complete with three progressive obstructionists voting to kill any consideration of a conference on the repeal of Obamacare. The three names will become legendary in history not for their vote tonight, but for the symbolism of how politicians are so entrenched in maintaining the attempted control of the U.S. economic system from Washington, D.C. This has happened before in history so do not let the so-called conservatives on talk…


Today’s “Oh Shit Chart of the Day” Courtesy of the Dow Jones Transports

by John Galt July 27, 21:45 ET The Dow was up but the rest of the equity market took one giant leap for turdkind today in what can only be a warning shot for the upcoming fireworks that the Repbulicons and D.C. are just determined to inflict upon the American economy. The “Oh Shit” chart of the day is courtesy of the Dow Transports which dumped over 3% which in normal times would cause the old timers to get a tad bit excited: For the math geniuses now running Wall Street…



%d bloggers like this: