By John Galt June 21, 2011 So I didn’t have time to do a “clean” photoshop job, shoot me. But the news from FoxNation tonight pretty much spells out where the Beckmeister will be moving to, especially if Governor Rick Perry signs this legislation into law. Heck, GBTV out of San Antonio, San Marcos or even Amarillo might be a sight to behold. This story though from Fox News tells the story why though: Texas Tells Feds: Shove Your Light Bulb Ban If...
By John Galt June 8, 2011 You watch, you decide. They made things “right” after a firestorm but the truth is this should never have happened in the first case. The disrespect for our soldiers is both shocking, disgusting, and enough to insure that I’ll never fly: D on’t E xpect L uggat T o L eave A tlanta Because that is their main hub and after all, it has to be “inspected” at the employees home before it gets to your destination.
By John Galt May 26, 2011 Will not be heard tonight due to business issues which have terminated my relationship with the Watchmen Radio Network effective 9 p.m. ET Friday, May 27, 2011. There will be a pre-recorded program per the obligations I have made to the advertisers for tomorrow night and Monday night presented in audio format via my own content provider for your listening pleasure. Stay tuned at my website for further updates on new endeavors which will present my broadcast...
More on the news of the day later gang but I’m knee deep in gators and working on some business issues so please standby while I get some things squared away. Thanks, John
My apologies for the brief outage as one of the plugins (WordTwit) caused the system to barf. Should be back to normal now! -John
Watch. Enjoy. Understand why Ben Stein’s editorial is asinine. The Daily Show Tags: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook
by John Galt December 10, 2009 The 30 year bond auction I was worried about yesterday fulfilled my concerns today: When you add the current yields (My 1-3-6 Rule) of the short term Treasuries as I discussed on Glenn Beck’s program this morning, there is a major storm brewing should the trend in the 10 and 30 year bond auctions continue. Here is a quick and dirty picture except the 6 month has already fallen back to 0.14% after the market close: These short...
Sometimes I’m bad or unclear in many ways and it is due to ADD that Glenn Beck got rid of with a Snickers bar which bounced off of a fat German guy in his basement and hits me daily. The Blovel series, the Day the Dollar Died will resume next Wednesday, December 16, 2009. The next chapter is titled: “CQ, CQ, Atlanta, Birmingham, is Anybody out there?” (The Day the Dollar Died Part VIII) I’ll keep cranking it out weekly from there but I...
by John Galt December 9, 2009 Yes, the Bananas, upon threatening to kick the snot out of another mascot again as pictured above demanded equal time tonight. So instead of our regularly scheduled rants about the markets they wish to offer something of a warning, of great importance, and a follow up to a previous thread on the bond market: Oh Crap! To say that today is a reason to worry, well, that’s an understatement. The 10 year auction indicated something that many blew...
By John Galt December 9, 2009 Gang, I want to thank all of you for your support. This month I was published in an online magazine titled “DGC Mazaine” which reflects a fantastic move into digital currencies and gold (good reading for geeks like me) and also a Canadian Magazine that is putting original posting from ‘The Day the Dollar Died’ series into print. I volunteered these articles with no profit or intent to make money from those publications to spread the word about...
by John Galt December 8, 2009 Remember this thread: Be Leery of this Parabolic Move in Gold Yeah, that one. I got a lot of grief email on it but let’s be honest, the charts don’t always lie and history says that their is a concerted interest of the central banks of the world to suppress the price of gold for many reasons, most important of which is to price it at a point so low that it is not worth one of the...
by John Galt December 6, 2009 The celebrations, fireworks and head fake by the markets on Friday illustrate the celebrations of our usual monthly data dump from the BLS but those numbers, insane as they appear to be from the ground, created the “hope and change” long promised by the current administration when in reality it has nothing to do with government policy but more so the impact of a cyclical recession running out of gas as some businesses attempt to profit during this...
By John Galt December 4, 2009 First and foremost, blame Bill O’Reilly as he pointed me out to the ElfYourself.com website and thus, it was born. So I thought, hmmm, who are the five little evil bastards most responsible for the onset of the next Great Depression we have really been enjoying this year. It isn’t really fair to blame Jim Cramer but I had to choose him because he represents all the hucksters on the various Bubblevisons plus he just annoys the dog...
By John Galt December 3, 2009 Oops. Sorry. My Bad. I human, at least despite what my wife thinks. I was so thorough in editing the grammatical errors in my last chapter, of which I always make quite a few, that while doing so, I glossed over my notes and screwed an important part of the story up and I apologize if that fries the train of thought or flow of the blovel. The exchange rates were incorrect in the first part and in...
by John Galt December 2, 2009 I am not one to question the reasons behind the move we are seeing in gold but from every logical bone in my body and the history of moves like this, we are in what could be considered a short to intermediate term parabolic blow off which will top and come down hard. I know that the gold bugs will hate me for saying this but this move has all of the indications similar to the head fakes...
by John Galt December 1, 2009 So why am I mocking the Bubblevisionistas once again? It’s quite simple when you think about it. The preaching, screaming and praying that we are in an actual recovery continues on the various networks yet reality is telling us that this is a myth. The reality is that the equity markets have been pumped upon liquidity only as the banksters had no desire nor incentive to risk loaning money to Joe SixPack and those evil Ma and Pa...
by John Galt November 27, 2009 Needless to say on this day of eating, giving thanks and eating, we were all getting fatter, dumber and happier while the rest of the world chugged on and announced their problems into the vacuum of the American financial media. Well, the Internet has guaranteed this void has been filled and the news is disturbing. I’m going to post two charts that tell the tale of the problems we are about to witness and endure. The first chart,...
By John Galt November 23, 2009 Because I have received so many emails and you have been kind enough to ask, I shall publish Part IV of ‘The Day the Dollar Died’ series titled “Arrogance of the Gods” on Wednesday November 25, 2009. I hope you enjoy your Thanksgiving and elect not to send me any more hate mail because guess what? I can not stop what the Federal Reserve nor can you unless we elect a whole boatload of real leaders who care...
by John Galt November 23, 2009 The headline from Bloomberg tonight says it all: Consumer Spending, Home Sales Probably Rose as U.S. Recovery Takes Root then we get a boatload of “experts” commenting on the move of the 1-3-6 Treasuries that I follow like a bad religion: Sinking Short term Treasury yields aren’t a sign of panic this time Huh? As if that story from the Los Angeles Times was not bad enough, I happened to listen to Bloomberg Radio Friday morning and Michael...
By John Galt November 22, 2009 As some of you know, I’ve been at this since 2007 and during the summer I was hacked, jacked and hijacked. Thankfully the new versions of WordPress and the software I’ve added to my system are a little bit stronger but the results were a loss of everything on my blog during that two year period. I’ve been reconstructing from an email backup that I would receive and trying to add the necessary information but to save time,...
Yes, I finally did it. My better half said that as I post more and more I should join Twitter and yes, johngaltfla is now active at Twitter.com. As I learn, blunder and screw it up bear with me as I prefer to learn by doing, no matter how bad it looks when I screw up.
by John Galt November 16, 2009 IF Obama bowed to the Saudi King as the picture above indicates and they are rated #4 with the other Oil Exporters for purchasing our Treasuries….. AND IF Obama bowed to the Empeoror of Japan as the pictured above indicates and they are rated #2 for purchasing our Treasuries…… THEN WHAT Did Obama do BEHIND CLOSED DOORS with the Chinese Premier last night since they are the NUMBER 1 buyer of Treasuries? a. Hugabutt b. Lewinsky c. Sent...
Remember our friends, our neighbors, our Troops as Thanksgiving approaches. Do what you can to help a military family or add to a care package locally. Thank you to all in uniform.
by John Galt November 10, 2009 According to the Mainstream Media and “Conventional” thinking, YOU might be a lagging indicator if…… You live in Cape Coral, FL and are not in some level of mortgage delinquency or foreclosure. You are one of the 10.2% unemployed which is actually 17.5% when measured using table U-6 or even worse when using the measures of unemployment in the Jimmy Carter administration like Shadow Government Statistics does: You bought 1000 shares of Citigroup on November 10, 1999 at...
by John Galt November 8, 2009 From TradingMarkets.com report on the markets and economy, Friday November 6, 2009: Separately, the Commerce Department released its report on wholesale inventories in the month of September, showing that inventories fell by a little less than economists had been anticipating. The report also showed a continued increase in wholesale sales. Let’s parse this news and add some graphs. Despite the seasonal bump, which is just wholesalers attempting to clear their inventories for Christmas, the levels we are at...
by John Galt November 7, 2009 1. BLS Table A-12 Section U-6 “The Real” Unemployment Number This month the number deteriorated to a level of 17.5% which since the proverbial beginning of the crisis in roughly February 2007 indicates that we have seen an over eight standard deviation from the unemployment/underemployment levels at that time. That is unprecedented and has not been seen since the Great Depression if my calculations are correct. 2. Birth Death Model Adjustments Never discussed in polite circles nor the...
by John Galt November 6, 2009 Greetings sports fans one and all! It’s time for the Sheila Bowl this week and flushing and swirling financial institutions getting ready to take the final plunge and the ignorant who kept deposits over $250,000 in the banks getting ready to take that death defying dive into the blue (hopefully not yellow) swirling water at the bottom of the bowl as they went above the FDIC deposit insurance guarantees…. Here’s your pregame show, starting with an update of...
by John Galt November 6, 2009 Malik….meaning “Master” or “King”‘ Nadal….rough translation to “Noble” from “Nadil” Hasan….meaning “good” or “handsome” Major Malik Nadal Hasan is a martyr. A man and a name which will now live in infamy in the history of the United States, our beloved military and now a hero of the Islamofacist movement. While the American people will be spoon fed excuses about the mental condition of the killer, how this was not terrorism, and of course how the religion of...
By John Galt November 4, 2009 Today the media celebrated more grandiose economic news. First, they proclaimed the great news that Government Motor’s sales increased 4.7% month over month. Since year over year numbers are not important now because they do not look so hot and you can not compare a “private” GM to a “Government owned” GM now, let’s ask the question: If you fall down a 100 foot deep well, climb up 4.7 feet to try to save yourself, does this mean...
By John Galt November 4, 2009 Well, I think China is the one who might want a smoke now. You see, India, today, enjoyed the ultimate in the equivalent of geopolitical sex. How good is it to be India today? Let’s check out the headline from the Wall Street Journal tonight: India Buys 200 Tons of IMF’s Gold Allotment Move Seen as Effort to Diversify Reserves Away From the Dollar Whoops. That wasn’t supposed to happen. And how China could not have possibly seen...
Uh, just a reminder about what I’ve said about CIT going Tango Uniform
I’ve given a lot of thought to where we have arrived, and the cognitive dissonance that exists among Americans that refuse to allow themselves to accept a serious reality; that we are at war. We are at war for our very survival as a culture. A war that will determine if we live as destitute and dependent slaves of a Marxist oligarchy, or fight to retain what is left of our liberties for a little season longer. It’s not a shooting war – yet....
October 30, 2009 by John Galt From demotivatorsite.com comes the only appropriate answer to Mr. “Buy Bear Stearns at 32″……
by John Galt October 30, 2009 Even though the Bubblemedia might have you believe that all is improving with the housing market, unless there’s a whole lotta birthin’ going on, we’re in some serious trouble with 18, 843, 000 vacant homes per the latest Census Bureau Report for Q3 2009(PDF File). As you can see below, the raw numbers do not look that bad at first glance: That chart, for those who wonder is direct from the report. When you start to review the...
By John Galt October 30, 2009 I’m often told that I blabber too much and don’t let the facts speak for themselves. Well, too bad, I’ll blabber less though and let three key figures do the talking from today’s BEA GDP report. 1. Durable Goods/Non-Durable Goods Basically we are still below the quarter when the recession started. As many love to say on the financial media only to be shouted down, this is a “Statistical” recovery as this chart and the next two shall...
From IMF Website: 10/29: $1.00 U.S. = 1.58723 IMF SDR 10/28: $1.00 U.S. = 1.58710 IMF SDR 10/27: $1.00 U.S. = 1.58987 IMF SDR 10/26: $1.00 U.S. =1.59566 IMF SDR 10/23: $1.00 U.S. = 1.59732 IMF SDR 10/22: $1.00 U.S. = 1.59670 IMF SDR
From IMF Website: 10/28: $1.00 U.S. = 1.58710 IMF SDR 10/27: $1.00 U.S. = 1.58987 IMF SDR 10/26: $1.00 U.S. =1.59566 IMF SDR 10/23: $1.00 U.S. = 1.59732 IMF SDR 10/22: $1.00 U.S. = 1.59670 IMF SDR
by John Galt October 27, 2009 The report today was hailed as good news by the MSM but as usual, the lack of in depth analysis when the initial announcement was made thanks to American’s attention span and the depth of the problems reflected within these reports says much, much more. First, the housing index reflects an approximate return to September 2003 prices not seasonally adjusted: The key aspect of this report that should catch everyone’s attention is that the declines may have a...
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