by John Galt May 23, 2013 05:00 ET The cratering of the Japanese stock market last night with a massive 7.32% sell off could be an indication that the Fed’s hint that the era of super easy funny fiat printing may start to ease is over. The hangover might begin as U.S. futures are down triple digits as this is typed but is it the end? If the speculators are any hint, odds are this could be a short sharp correction heading…
by John Galt May 5, 2013 20:00 EDT Tonight, Ambrose Evans-Pritchard penned an article in the UK Telegraph where the German creator of the Euro currency called for the following: German euro founder calls for ‘catastrophic’ currency to be broken up In the article it is stated that: “The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,” he said. “The Germans have not yet realised that southern Europe, including France,…
by John Galt April 22, 2013 05:30 EDT The sad truth about our modern reality is that everything is fixed. Football games? Probably. Elections? Definitely. Judicial trials? If you have the money, no problemo. Stock markets? Seriously, you have to ask? Thus why the Central Banks have declared a currency war to protect their precious post-Bretton Woods period of dominance so they can continue the rape and pillaging of nation after nation in exchange for greater power at the expense of the individual citizen’s…
by John Galt February 26, 2013 20:00 ET Way, way, way, way, back in U.S. history, a lesson was learned in 1933 with the issuance of Executive Order 6102 by Obama’s model, Franklin Delano Roosevelt: The President used his powers and disputes of the historical account about “seizing” safety deposit box contents have ensued to this day. The rumors of such confiscatory actions by the I.R.S. led some citizens to voluntarily comply and pull their gold from their bank safety deposit boxes and turn…
by John Galt February 20, 2013 19:30 ET Hmmm, heard this before? Nah, it’s the 1920′s ladies, Kwamer said so: Wait a second. Oil prices going up are bad? Didn’t we hear in 2007 and 2008 that this indicated a bull market was going to extend all the way to Dow 20,000? Nah, people are not stupid enough to get washed, laundered, rinsed, and raped again are they? Ah, uh, yeah, from the New York Times on January 25, 2013: As Worries…
by John Galt January 1, 2013 17:00 ET 2013. Bah Humbug. Washington, D.C. is a mess ruled by a maniacal narcissistic Marxist and opposed by a globalist political party which would sell your mother into slavery to get a new bridge for swamp rats in their district. The civil war in Syria continues unabated. North Korea can lob objects into the atmosphere with the trajectory of “God only knows” and hopefully one day they do not get lucky with something over…
by John Galt December 30, 2012 19:50 ET Well, this update is only to illustrate how utterly corrupt our system of government has become. The assholes in the government, from the President down to morons in the Senate and RINOs in the House have gone home for the night leaving a bunch of perverts and malcontent bureaucrat wannabe’s to negotiate the future of the United States financial markets for the first quarter of 2013 and the ability of the middle and…
by John Galt December 30, 2012 15:00 ET So how did I do? First, unlike many bloggers, prognosticators, commentators, and hosts, I will refer to my predictions for this year that is about to end by reminding everyone they can see my mistaken and correct predictions of doom in this thread from my radio show and in this thread: JohnGaltFLA.com Predictions for 2012 Let’s break this down, section by section and score it by +1 for correct, -1 for…
by John Galt November 30, 2012 05:00 ET IF anyone within the sound of my voice, the view of my pages, or with even the most remote of memories about the past five years, today’s Rush Limbaugh show will provide a stunning flashback into what I was warning about in 2007 and 2008 along with the “Talkmaster,” one Neal Boortz out of Atlanta via his syndicated radio program. More on the background later, first a brief video of the “economist” who created a…
by Natty Bumppo November 8, 2012 05:30 ET With all the new technologies in place and those being tested on the American public to keep us safe, I thought we should take a look into the future of grocery shopping. It is the 7th of the month and according to the Dept. of Homeland Security’s new “Travel Now” program. This is the 1st of 2 days your family is permitted to visit the grocery store for the week. The day is sunny…
by John Galt August 1, 2012 14:30 ET Full FOMC statement from the Federal Reserve website: Release Date: August 1, 2012 For immediate release Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year. Growth in employment has been slow in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending has been rising at a somewhat slower pace…
by John Galt April 15, 2012 10:15 ET Don’t worry, be happy. The markets will turn around just as soon as Uncle Ben proclaims “We are the World” (Catchy song title, eh?) and buys every equity from any exchange on the planet Earth. The Saudi Arabian TASI seems to indicate further pain for Asian and US equity markets on Monday: (click on thumbnails to enlarge graphs) With the Israeli TASE down 1.80% it doesn’t look like any serious relief is forthcoming when Japan and…
JohnGaltFLA Predictions for 2012 By John Galt January 1, 2012 – 17:00 ET I. Geopolitical Predictions 1. The United States constructs a new large military base in Columbia near the Venezuelan border in anticipation of the collapse of the Chavez regime. The new focus on South America is seen as a desire to refocus American foreign policy as the Middle East rejects any further interference from the United States. Columbia welcomes the action as it intertwines the U.S. into their internal conflicts and…
By John Galt December 30, 2011 07:50 ET Buckle up. 2012 is almost here. Last year I was so-so in my predictions and for 2012 I probably will be also. If you are meek put on your Depends for this show or just assume the fetal position when the theme music stops. In the first half hour I’ll cover the news of the day, the financial news and then begin the prognostications which cover geopolitics, sports, U.S. politics, the economy, weather, and whatever else I…
By John Galt November 22, 2011 – 22:00 ET Just a quick note before I crash for 4 hours: FUGLY. Wow. (ALL CHARTS FROM FOREXPROS.COM…click here to see all of their futures charts) U.S. Futures down hard: Down 13.10 at this posting. But what is scarey is the FOREX futures…. Aussie v. USD: Canadian Dollar v. USD: Hang-Seng Index (down 2.05% at the moment): Stay tuned, this could get super ugly with a holiday in the U.S. on Thursday and massive uncertainty about Europe’s future…
By John Galt September 22, 2011 – 05:30 ET Sucks to be right. It’s going to be a long, long, day….
By John Galt September 14, 2011 – 05:30 ET The Australian dollar continues its sharp downward move against the US Dollar as indications that a worldwide economic slowdown are beginning to impact the so-called commodity currencies and the risk off trade is the norm. While the Australian economy is relatively stable despite the edicts of a Socialist Enviro-Whacko loon Prime Minister, as the demand for raw materials declines, so will the economic conditions there where the housing bubble is looking very Floridian in many major…
By John Galt August 15 2011 – 07:00 ET I noticed once again the big hoopla with the rumor the Swiss National Bank may or may not have started regarding the pegging to the Euro and the “sudden” price move in the USD/CHF cross. A quick look at the charts should give even the most casual observer the obvious observation that a 20% correction is more than warranted regardless of the rumor and 30% would not be a surprise. At this point in time, 70.70…
By John Galt August 9, 2011 -10:45 ET The economic circumstances which the Federal Reserve, Wall Street, and Washington, D.C. have been living in was shaken by the events of the past ten days thanks to the realization that both Main Street USA and Europe are in far worse condition than their delusional public statements indicated. Thus the crisis de jour has come upon their doorsteps and the reaction from Washington was to pass a new debt ceiling bill which does nothing to reduce the…
By John Galt August 7, 2011 10:47 ET CNBC just broke the story (click on the title to read the story in full): Dollar to Be ‘Discarded’ by World: China Rating Agency By: Ee Sing Wong The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating. In…
By John Galt August 5, 2011 If that chart isn’t the definition of insanity, I do not know what is. And it is not just in the United States. With just under 2 hours to go, all I can say is grab an intern, a cigar, and a Scotch for the end of this ride. Just wow.
By John Galt August 5, 2011 The efforts by the JCB and SNB appear to have started to flail wildly and the lack of follow through by the ECB to save the markets was noticed around the world yesterday prompting and accelerating the currency and solvency awareness crisis worldwide. Watch the chart of the EUR/CHF after 7:30 a.m. ET and if it turns up sharply odds are the Fed, ECB, and SNB decided on a coordinated intervention on behalf of the European banking system by…
By John Galt July 31, 2011 If we are all going to die due to going bankrupt, we might as well consume as much of the earth’s resources and beef on the way down to oblivion as it appears the administration and our morons in the House and Senate are still wrangling before the Asian and U.S. futures markets open. Gee, wonder how that will work out since the House is now in recess until Monday. Meanwhile back in the markets…. (Chart snap shots from…
By John Galt July 31, 2011 From the Wall Street Journal’s Washington Wire Blog (Click here to read the entire thread at the source)…. Gee, it doesn’t take long for me to change headlines now does it: UPDATE FROM THE SAME BLOG 7/31 19:14 ET: 7:14 pm GOP Leaders Sign on To Tentative Debt Deal by Corey Boles House Republican leaders have agreed to a “tentative deal” to lift the U.S. debt ceiling and cut the deficit by roughly $2.4 trillion in a series of…
By John Galt July 31, 2011 Tonight old Ambrose Evans-Pritchard hits a home run. A definite must read. Click on the title to read the entire editorial from the UK Telegraph: America is merely wounded, Europe risks death We have a glimmer of hope. The key indicators of the US money supply are at last firing on all cylinders, a dramatic turn for the better that would normally signal recovery or even a mini-boom within the next six to 12 months. Needless to say, these…
By John Galt July 28, 2011 Uh, this chart speaks volumes in a very terrifying new reality we are moving into: (Click on the image for full size) Then click on the headline below from the UK Telegraph to understand why Ambrose Evans-Pritchard’s column today should be of great concern to any sane soul. Global slump warnings if US triggers ‘insane’ default A chorus of global banks has warned that Washington risks triggering a global slump and may suffer permanent loss of credibility by flirting…
By John Galt July 27, 2011 I’m going to continue sniffing as either someone got an inside tip that a deal was about to be cut in CONgress with a Republican capitulation or someone, somewhere in the world just needed to raise a buttload of cash in a hurry as the sale of gold in the cash market and GLD ETF was huge with an almost $7 swing in less than 10 minutes. The money did not flow into equities but did help it recover…
By John Galt July 26, 2011 The chart for the Aussie dollar versus the U.S. dying dollar says it all as it hit a new all time record high tonight: (Chart from INO.com and updates automatically) The sharp spike happened shortly after the news on the Australian Consumer Price index (From the Sydney Morning Herald): Aust CPI rose 0.9% in June qtr July 27, 2011 – 11:39AM The consumer price index (CPI) rose by 0.9 per cent in Australia in the June quarter, for an…
By John Galt July 26, 2011 At this pace the next question will be 1:1 parity…..better watch this sucker overnight folks! (Chart is live and will update automatically from INO.com)
By John Galt July 26, 2011 The charts tell the tale of the faith the investing world has in the U.S. Dollar and our political leadership as the Swiss Franc has now achieved another all time high against the dying dollar: Meanwhile, despite denials, it would appear another failed intervention by the Bank of Japan was attempted last night as this chart demonstrates either a huge computer error or more likely an epic failure of an attempt to buy dollars and sell Yen to weaken…
By John Galt July 18, 2011 I stay up half the stinking night to post this chart and celebrate and what do the overnight traders do? Wait for Europe to put it over the top. Scumbags. Ah well, it’s here, $1650 is now in play and the Bubblemedia hasn’t grasped that this is NOT a good thing for the economy but an indication that the rest of the world is in the process of abandoning the Euro and US fiat currencies as fast as they…
By John Galt July 17, 2011 Right out of the gates, everyone seems to be fleeing for a flight to safety with the FOREX open (Quotes from NetDania) and into the Swiss Franc out of Euros and Dollars: Down over 1% on the open and as much as 1.23% into the 113 range. Against the dollar it has been down over 0.8% and the gap down is somewhat disturbing: These types of moves usually are precursors to some sort of major financial event as the…
By John Galt July 13, 2011 A very interesting thing happened on the way to gold $1600, which I said on Monday we would probably witness this week: The very thing all of us so-called “goldbugs” were deeply concerned about turned out to be the trigger event for a stampede into the safety of the world’s only universal currency. As the Eurozone collapsed into outright panic over the very idea of shattering the illusion of their unity and fiat currency, world powers had the revelation…
By John Galt July 13, 2011 I’ll leave this final posting of the night short, succinct, and to the point; the chart below is not indicative of a healthy nor sustainable FOREX market. As I do not have access to every piece of information in the world available to some, I can reliably state that the surge in gold and currencies like the Yen indicate a crisis of massive proportions is on the horizon and it portrays a poor conclusion for the U.S. and Europe.
By John Galt July 11, 2011 I think this sucker could be going DOWNTOWN! This isn’t going to end well….
By John Galt July 8, 2011 For my prediction as the financial media is a tingle just waiting to predict Dow 15K and have an Obamagasm over this great economy…. June data will show a +185,000 non-farms increase, mostly in part-time and Birth/Death creation. The unemployment rate will creep up to 9.2% due to a slight increase in the participation rate. Wages up 0.1% and hours worked relatively flat. Buckle up as the insiders are anticipating a strong number also as reflected by the current…
By John Galt June 22, 2011 Wow. Just look at the slaughter in the ag sector this afternoon: Corn is popping lower… Wheat is getting cut down: Soybeans hanging in there better but still down over 1%: Someone is not feeling their Oats this afternoon: Rice is getting support in price from China but still whacked again: Even Milk has been hit for a -0.80% loss today: (All Charts from INO.com) If my hunch is correct, and the ag sector seems to be telegraphing…
By John Galt June 19, 2011 Thankfully our “ally” the Russians and their central bank are only making the nails for the dollar coffin, we have Congress and the Federal Reserve driving them into the wood and building the damn thing. As foreign bankers have been secretly diversifying their holdings to avoid a crash in the U.S. Dollar, the Russians have been openly mocking our central bank with public pronouncements about actions they have taken or will be taking. Today is no different. In…
By John Galt June 19, 2011 I leave the house for a while and the world blows up. Per AFP: Germany ‘dismisses Greek debt compromise plan’ With that being established, the prime comment from the article drives the point home as to the severity of this crisis now: Der Spiegel had reported ahead of its Monday issue that the German finance ministry called for a beefed-up version of Europe’s temporary bailout mechanism lending to Greek banks to insure they have adequate collateral with the…
By John Galt June 8, 2011 If you want some hint about how 2008 is about to repeat as I highlighted in this week’s video watch these currency pairs again as the dollar has cracked against the Yen and the Euro is not doing much better. The reason the markets are about to crash is the same as 2008, a liquidity crisis because the Fed will not be there to bail out the regional banksters, municipalities and states in financial trouble, the sovereign debt crisis…
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