By John Galt December 4, 2011 – 22:30 ET Hard as this is to believe, there are media sources and bloggers proclaiming that Vladimir Putin suffered a defeat to the Communist Party of Russia and the shift of power from the United Russia Party to a greater percentage to the old line Communists appears to have occurred via the parliamentary elections today in Russia. From RIA Novosti: Backing for Putin party dwindles as it hovers around 50-percent mark in State Duma election To quote from…
By John Galt December 4, 2011 – 21:25 ET And from tonight’s edition of doom from Ambrose Evans-Pritchard and the U.K. Telegraph: Fiskalunion is worst of all worlds for Europe All one needs to know from the article, which everyone should read: Historians can only smile, or weep. Germany is unwittingly doing to Spain exactly what America did to Weimar Germany after flooding the country with cheap capital in the late 1920s. When Wall Street cut off funds and ended the credit boom, Germany collapsed.…
By John Galt December 4, 2011 -21:00 ET The latest nation being forced by the fiat funny money central banksters to impugn the use of and punish those who dare to use cash or eventually real money in business transactions is the new group of slaves no residing in the former great empire of Rome. From Reuters: Italy PM prepares to adopt crisis measures Think this can not happen in nations not named Zimbabwe? Read this sentence from the story by Guiseppe Fonte: Other expected…
By John Galt December 4, 2011 – 21:45 ET Two stories from Reuter’s African news wire tells the tale of trouble that so many of us warned would be a result of these “popular” uprisings. The first story is straight out of the conflict of cultures under way in the nation of Tunisia: Islamists and secularists in Tunisia stand-off Last I checked, from this particular blog, all I can say is: But hey, who am I to say that? Oh yes, that guy who warned…
By John Galt December 4, 2011 – 16:45 ET While the mainstream media and blogosphere searches desperately for the “oh my God we are all going to die” story of the day, the reality of the story behind the alleged shooting down of the drone is somewhat more overblown than the usual hysterical rantings of the Iranian regime. Reality? This is not the first drone shot down, and it will not be the last. The reason it is a big deal is not that the…
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