By John Galt December 16, 2008 Prevailing wisdom on the morning of December 16, 2008 was that I would wake up, watch Bubblevision, drive to Vero Beach, FL, visit my accounts and today would be a non-eventful sort of financial market kind of day. The Federal Reserve was supposed to mark the Fed Funds Rate down to 0.50%, the Bureau of Labor Statistics would issue a report after consulting with Tinkerbelle for guidance, and CNBC would not have any kind of stroke other than Booyah Boy proclaiming he doesn’t need Viagra…

By John Galt December 10, 2008 Sometimes you have to accept the premise that being the “first” in some things is not always the best. President-Elect and Grand Poobah of the United States, His Honorable Eminence, the Almighty Supreme Leader, Barrack Huessein Obama has the privilege of being the first black President of America. With privileges, come problems as he is now discovering thanks to twenty years of irresponsible banking and financial policies by his predecessors in that office, the Legislative Branches from this period, and the inept ideas engaged in…

How I Became a Survivalist and Remained Squeezably Soft By John Galt December 3, 2008 In the great year of 1999, I was prepared to hunker down in my humble home with my wife and critters for the end of the world as we know it (TEOTWAWKI for all you still learning the lingo). I was cushioned by my vast supplies of rice, beans, canned foods, guns, ammo and the one thousand rolls of toilet paper which I insisted would save our lives one day. Sadly, the non-event of Y2K shattered…

On Tuesday, November 4th 2008, America Will Weep By John Galt Monday November 3, 2008 On Tuesday, America will weep. No, not the people;  the conscience of our society, the Founding Fathers, the Constitution and the fabric which united a diverse group of people into a cohesive society which emerged from serfdom to a monarch and for two hundred plus years created a shining path for capitalists and refugees the world over. And my soul from out that shadow that lies floating on the floor Shall be lifted – nevermore! -Edgar…

By John Galt October 26, 2008 The first section of this essay is a look into a possible future our society might encounter in the months, or perhaps weeks, ahead. Mary Jo Schlumpunfunk (with all kudos to Glenn Beck) was driving home from work in the suddenly cold November air of her home town of Jeffersonville, Indiana. Mary Jo was sick and tired of listening to the depressing news about all the problems all those rich bankers and Wall Street types were having so instead of listening to the news station,…

By John Galt July 24, 2008 Ah thank you oh former Bear Stearns cheerleader Christopher Cox who occasionally fills in as the “ENFORCER” at the Securities and Exchange Commission when he is not on Bubblevision promoting a particular stock which needs a bailout. It is the special order issued from up on high and the absurd way in which the media has been promoting it that inspired the “Sacred Cow” which can not be gored per the Grand Pooh-Bahs up on high. The funny thing is that as I listen to…

Filed under: Old Posts — @23:53 July 14, 2008 By John Galt Down 77 cents in that chart but $1 real time now. Think some people have finally put 2+2 together and realized that they held a similar, not identical, but similar portfolio to Indymac? It does not take rocket science to figure out that these bankster stocks are dropping for a reason. For everyone’s sanity and sake, do not be a sheeple and pay attention to what is happening. Do not have more than the insured $100,000 in any one…

Filed under: Old Posts — John Galt @ 9:12 am By John Galt July 8, 2008 There has been a lot of speculation and postulation by the Bubblevision crowd and those declaring a bottom every fifteen minutes on television and radio that the housing crisis is almost over and that as soon as lending standards stabilize a recovery will ensue. The problem that I have been screaming about and warning about since 2006 is that you can not loan money to people who do not qualify for it and you can…

Filed under: Old Posts — John Galt @ 9:14 am By John Galt June 24, 2008 The headline from Reuters said it all: McCain calls for $300 million prize for car battery Just ugh. This guy just does not get it. When the American people screamed out that we really liked our First Amendment, he and his socialist buddies passed McCain-Feingold and told us to shut up and take our cod liver oil. When we screamed about the border being a free fire disease ridden war zone we were basically told…

Filed under: Old Posts — John Galt @ 1:34 am Ali Haider/European Pressphoto Agency By John Galt June 23, 2008 It was a dark and rainy night. Or at least afternoon here in the sunshine state of Florida. What was fascinating about this rainy, sleepy Sunday was waiting for the “big” news from the Arab division of the U.S. Central Banking Association and their meeting in Jeddah. The news you ask? Same news as we heard on November 26, 2007 where oil was at the shocking $97 per barrel level. Just…

Filed under: Old Posts — John Galt @ 9:07 am By John Galt June 20, 2008 Nope, sorry Bob, not your C.S.A. But you were a fine man for your time in an unfortunate intersection in history. This is the story about a nation which some three hundred years ago was a colony. Not since this map below from circa 1710 have we ever had to consider America as a colonial territory. Based on the amount of debt, the monies we owe and the souls we are willing to sell, it…

Filed under: Old Posts — John Galt @ 9:06 am by John Galt June 19, 2008 Beware the Ides of June. Maybe it was something in the water or another saying but this month is turning out to make March of this year look tame by comparison. Rumors abound. Markets way out of whack. And the only thing consistent is the ability of Bubblevision and its minions to find sure fire new ways for you to lose money and the American sheeple ignoring the root of the problem, a corrupt private…

Filed under: Old Posts — John Galt @ 10:30 pm June 16, 2008 By John Galt I wish to thank the Federal Reserve crime family cartel, the US government and all of us stupid dumb sheeple voters for creating the mess in the photos above. Before you jump ugly and blame me for putting your name into the hat for those responsible for my hot dog buns costing a dollar now when they cost 15.4 cents in 1967, your name as well as mine belong there. We voted for idiots for…

By John Galt May 5, 2008 I mean it. Sell every holding you have. Mail your coins to me. Mail your silver bars to me. Heck, gold, platinum, palladium, I won’t cry. Liquidate all of your holdings now, please. So I can look back and laugh at those of you who do not understand the difference between “real money” or insurance, and those who follow the sheeple bleating herd that goes “Baaaa, Baaaa, Baaabooyah!” To say that yours truly has not enjoyed the circus like atmosphere created by low volume rallies…

By John Galt April 29, 2008 This is the story About Hammerin’ Joe, Hittin’ everything With his hammer you know, Then one day, He made a mighty hit, And broke his hammer, Into itty bitty bits. Along came a bankster, Who said “Hey Joe!” Need some money or a Hammerin’ Loan? Joe said sure, But I’m quite dead broke, After all I’m just a Hammerin’ bloke, The bankster said fine, Don’t even start to whine, No money down is how To start a gold mine Joe said great, Where do I…

by John Galt March 31, 2008 I. Intent The Founding Fathers had a vision where individuals were allowed to use their God given freedoms to use their own creativity, their own belief systems, and their own talents to work within a Capitalist system based on the principle of freedom. This freedom extended to all aspects to each and every citizen of American life as long as it did not impair or impede on other individuals or the greater good of this nation. These freedoms and the vision our Founding Fathers had…

by John Galt March 20, 2008 There is a time when everything in a moment of history coalesces or intersects as I have stated in the past. For purposes of discussion of the U.S. financial system and much of the markets, I think we have arrived or on the precipice of another such moment. The American financial system has been the subject of jolt after jolt, shock after shock and now a final retreat from another phony rally, thanks to more suspect data points which did nothing but confirm the suspicions…

By John Galt January 1, 2008 Sigh. There is a philosophical battle among the bears and doomers and it’s really quite frustrating as both parties are somewhat correct. This will be of the epic evolutions in history as one side says the housing crash and credit crisis will usher in another deflationary recession or depression a la the 1929 model, while the other party says it will be 1979 with a dash of 1929 flavoring. I think the philosophical debates can be summed up in the words of the famous philosopher…