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Breaking News, Geopolitics 18/05/2011

Why I Won’t Pay for the New York Times Propaganda Rag

By John Galt May 18, 2011 As many of my readers might be aware, I receive and try to sort through numerous news sources to provide information, commentary, and analysis on current events and the world in general. It means that sometimes I have to read propaganda rags like the Iranian “news” source PRESSTV or even the New York Times. The era of a “free” New York Times online ended several weeks ago and thus far they are claiming that the subscription model has been a modest success, however, considering their…

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Breaking News, Geopolitics 18/05/2011

The Violence and Protests in Tunisia and Morocco Continue

By John Galt May 18, 2011 Despite a respite and the typical Western media approach of “if it’s not bloody enough, don’t cover it” the violence in the MENA region continues along with protests attempted against the regimes of the region. Here is a sampling of stories the last few days from the area via various sources: Reuters: Al Qaeda suspected in deadly Tunisia clash – source Tunisia demands Libya stop cross-border shelling Tunisia arrests al Qaeda suspects with bombs Tunisia arrests al Qaeda suspects with bombs Five guards taken hostage…

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Breaking News, Economics 17/05/2011

Update: Canadian Oil Output Shut in up to 50,000 bpd due to wildfire

By John Galt May 17, 2011 The latest update from Reuters tonight is not encouraging: Canada oil output cut as Alberta wildfires rage 17 May 2011 20:50 Reuters * Fires continue to burn across northern Alberta * Production halted by fire threat, pipeline closure * About 100,000 bpd may soon be shut in (Adds details, Canadian oil prices) By Scott Haggett and Jeffrey Jones (Click on the link above to read the rest of the story) Per the National Post in Canada 40% of Slave Lake, Alberta has been destroyed and…

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Breaking News 17/05/2011

The Disturbing Video of Philadelphia Police Ignoring the Constitution and Their Own Laws

By John Galt May 17, 2011 ***** WARNING: EXTREMELY HARSH CURSING AND FOUL LANGUAGE (ALL BY THE POLICE I MIGHT ADD) ************* To add insult to injury this update from NBC in Philadelphia: Man Has Exposed Gun in Phila., Charged The charges? Disorderly content and “reckless endangerment” and that is why anyone with half a brain should be reading this grave concern. Mr. Fiorino was operating within the realm of the laws as written in Pennsylvania and these charges are more akin to petty revenge on the cop’s behalf rather than…

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Breaking News 17/05/2011

5/17 V. of Galt: Doomer Tuesday Overload

By John Galt May 17, 2011 Thus far, tonight’s course of DOOM, in no particular order: 1. Police State USA 2011 2. MENA Region Burns 3. Pakistan-U.S. Square off 4. Economic Destruction Accelerates 5. The Natural Disaster Whirlwhind 6. Envirocommunism reaches a new level of oppression 7. What is this 2nd Amendment thing I keep hearing about? 8. The Coming Food Crisis Worsens with each Levee failure To listen to the show tune in from 7-9 PM ET for one of the fastest growing internet radio shows or you can download…

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Breaking News, Economics 17/05/2011

The Housing Disaster Rolls On – The Spring of our Winter Discontent

By John Galt May 17, 2011 The Commerce Department released the latest report on housing starts and permits revealed that no sane, logical, intelligent soul would accept the FIBS (Financial Infomercial Broadcasting Services, aka CNBC, FBN, BLM) mantra of the past year that housing has bottomed and that the recovery was well under way. Amazingly enough the preachings and screeching of the pro-regime talking heads was non-existent on the morning radio or television programs. Thus there is a realization that perhaps, just perhaps, free money from the Federal Reserve does not…

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Breaking News 16/05/2011

Slave Lake, Alberta Burns in Wildfire Oil Facilities Shut Down

By John Galt May 16, 2011 Be thankful oil prices are in decline because it is news like this and the floods in Louisiana that were part of the last spike in prices which took it up over $105 per bbl. From Reuters, breaking hard: Alberta town burns, wildfires shut oil facilities Let’s hope and pray that those poor people can return home soon and have not lost too much. Nature has been cruel this past year plus….

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Breaking News 16/05/2011

5/16 V. of Galt: The News, the Police State, and the Coming Wars

  By John Galt May 16, 2011 Tonight’s program promises to be a wild one with world events in the Middle East spiraling out of control, Ireland hitting a new warning flash point again, Greece on fire, and of course the American police state expanding on several fronts. To listen to the show tune in from 7-9 PM ET for one of the fastest growing internet radio shows or you can download the archives after 10:o0 p.m. ET by clicking on this link. If you are unable to listen there you…

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Breaking News, Geopolitics 16/05/2011

Irish Militants Issue Bomb Threat to Central London

By John Galt May 16, 2011 My ancestors in Ireland are back at it as predicted by yours truly on a radio show months ago shortly after the Irish government capitulated to the London and ECB banksters and mortgaged their nation’s future. The suspected militants are following the pattern of the “Real IRA” a splinter group not affiliated with Sein Fein or the Provisional group which surrendered most of their arms after peace was made years ago. This story breaks as the Queen is scheduled to visit Ireland tomorrow. More from…

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Breaking News, Geopolitics 16/05/2011

The U.N. Condemns Israel again…Are you Kidding me?

By John Galt May 16, 2011 The breaking news from the largest Marxist NWO organization in existence, aka the United Nations, via Ynet News in Israel is not shocking but damned near pathetic: UN official condemns Israel’s use of force Perhaps this statement from the article  says it all: UN representative says Israel used “disproportionate, deadly force” when its soldiers fired on demonstrators marching toward the country’s borders. Unreal. Perhaps the IDF should follow the U.N. Peacekeeper example and just rape the women and children and enslave the select few to…

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Breaking News 16/05/2011

IMF will not force “Head” Man DSK to Step Down

By John Galt May 16, 2011 IMF Will Not Force Strauss-Kahn to Step Down (Story Developing) Headline only from CNBC and other wire services. No further details yet. Thank goodness for consistency as banksters don’t do time, their victims do.   ********************* UPDATE 1245 ET ******************** Judge denies bond per FBN and CNBC. Guess the obvious hit the Judge’s brain: He’s a flight risk. ************************************************************

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Breaking News, Geopolitics 16/05/2011

Terrorists in Pakistan Kill Saudi Diplomat

By John Galt May 16, 2011 The violence in Pakistan has accelerated, first with a grenade attack on the Saudi consulate in Karachi four days ago (read it here at ArabianBusiness.com). Fast forward to the news breaking this morning where per Reuters a Saudi diplomat was just killed in Karachi by a gunman as he was traveling in a car belonging to the consulate. This news may not sound disturbing yet Al Queda has not been extinguished in the Arabian peninsula despite proclamations by the various Sheikdoms and that should give…

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Breaking News, Economics 16/05/2011

Empire State Manufacturing Survey – Getting Ugly

By John Galt May 16, 2011 The Federal Reserve Bank of New York just released their monthly survey and the ugliest data point beyond a huge decline from last month was the fact that prices paid were the second highest on record. The reading was 11.88 for May vs. 21.7 in April and does seem to add more ammunition to my theory that the Fed will pull the monetary reigns in during the summer and help to create a recession or at least a massive slow down for the last two…

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Breaking News, Economics 15/05/2011

CPI Necessities Chart for April 2011 – It’s Transitory

By John Galt May 15, 2011 It is becoming somewhat spooky when the words of Ben Bernanke haunt the mind, week after week, thus I shall do the best that I can to escape this transitory trap he has placed most commentators into. Except in this case the “official” CPI report from last Friday was without a doubt seriously a transition before a major commodity crash brings the prices down the BLS creates out of thin air and allows the Fed even more room to monetize every living thing, dead thing,…

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Breaking News 15/05/2011

Open Thread: So do you like the new look?

Just a quick note and open thread from your host. Sorry I was down for so long but a certain company that used to host this blog that begins with the letter “Y” was so WordPress unfriendly and their database structure so horrid that when I attempted the transfer they held it up for four days and of course let me with problems translating the archives from their format to the new structure so I’ll be rebuilding history for a few weeks. If you have to re-register, I apologize in advance…

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Breaking News 15/05/2011

India and Pakistan Exchange Border Fire-One Soldier Killed

By John Galt May 15, 2011 The news cycle this Sunday morning is quite disturbing. From Reuters: India, Pakistan exchange border fire after soldier killed 15 May 2011 10:10 Reuters (Updates with Pakistani confirmation, three wounded) JAMMU, India, May 15 (Reuters) – Indian and Pakistani troops exchanged sustained cross-border fire on Sunday, security officials said, a day after an Indian soldier was killed by Pakistani troops while patrolling one of the world’s most heavily guarded borders. (Continued at Link) The table is being set for a week of major turmoil in…

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Breaking News 15/05/2011

The Middle East Heats up: Israel Kills 4 Syrians at Golan Heights

  By John Galt May 15, 2011 This is not a good series of developments this morning from the Middle East: Israel-Palestinian violence erupts on three borders 15 May 2011 12:48 Source: reuters // Reuters ISRAELI GUNFIRE WOUNDS 45 PALESTINIAN PROTESTERS IN GAZA STRIP 15 May 2011 11:42 Source: reuters // Reuters ISRAELI FORCES SHOOT DEAD FOUR SYRIAN CITIZENS AT RALLY NEAR GOLAN HEIGHTS 15 May 2011 12:28 Source: reuters // Reuters U.N. calls for calm at Lebanon-Israel border 15 May 2011 12:20 Source: reuters // Reuters

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Breaking News, Economics 18/04/2011

Congressman Paul Ryan’s Big Lie

By John Galt April 18, 2011 Truly, this is one of those entries I did not wish to make. After returning from my trip this past week I decided to take the time to study Congressman Paul Ryan’s A Roadmap for America’s Future which even includes the flashy splashy easy to view front page for all to see:   There are marked differences between the original “roadmap” as proposed originally and the The Path to Prosperity: Restoring America’s Promise, most notably of which was the removal of the proposed Value Added…

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