By John Galt September 22, 2011 – 21:30 ET Ah yes, who can forget that Jib-Jab video I created back in 2009 with the dancing Bernanke: Well, old Ben just danced America and the West into a major recession to validate his theories and seize more power for the banksters this week. The move in the markets today was brutal, sharp, but not terminal. The headlines from some of the mainstream financial media reflect that fact: Bloomberg 9/22: Stocks Fall But Investor Panic Could Soon…
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 22, 2011 – 04:55 ET The headline from Bloomberg speaks volumes as to the ignorance of the world’s political elites: Greece Cuts Wages, Pensions to Ensure Aid Payment Unfortunately for the ECB, Western economies, and those married to John Maynard Keynes behind, this does not create the one thing Greece needs: Solvency. A bankrupt nation is just that and all of the wage cuts, benefit cuts for retirees under age 55 (ugh!), and promises of future economic growth within a nation…
By John Galt September 22, 2011 – 04:45 ET As of this posting DJIA futures are -156: I don’t want to say that’s ugly but…. The question becomes are we building for a Black Friday, Black Monday, or just a total wipeout for the remainder of the month. Time will tell but the USD and Gold are signaling the warning signs of a major deflationary episode about to impact the world’s markets and despite the protestations of the Bubblevisions, a break below 1094 on the…
By John Galt September 22, 2011 – 04:30 ET But don’t worry, the future of the Western economies is waiting on two students of Marx (Obama and Merkel), the bureaucrats of the European Union, and our Congress to save everything. On second thought, worry.
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