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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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