Filed under: Old Posts — John Galt @ 5:47 pm by John Galt August 25, 2009 Ah the good old days. I remember growing up with communists on the college campus, communists ready to nuke us, communist spies recruiting on campus, and the constant battle between the good old U.S.A. and the U.S.S.R. From the pictures above, it seems like the communist movement is resurgent except that the only difference is the only picture from that era is the last one encouraging Soviet citizens to…
Pictures from the Depression of 2009 in Florida Filed under: Old Posts — John Galt @ 3:14 pm by John Galt August 23, 2009 As many of you know, I travel all over the state of Florida and when time allows, I attempt to take pictures to just document what this economic collapse in Florida looks like. I do have pictures from a food bank in Fort Myers but could not get permission to publish them so for this series, I will have to withhold…
Filed under: Old Posts — John Galt @ 10:13 pm by John Galt August 21, 2009 From the battle lines in Extremistan, the time is growing near for these birds to swarm together as the seasons change once again. So what happens if there is one more than Black Swan event in a compressed period of time? Let’s see what could threaten this little bubble of joy and happiness that our friends in Bubblevisionland live in and what could trigger the Messiah taking that course…
Dualing Dollars – How would a Bifurcated United States Currency Function? Filed under: Old Posts — John Galt @ 8:59 pm by John Galt August 19, 2009 A question I get quite often in my email is “When will we see the Amero?” The other version, which is of more validity in my opinion, is “When will they replace the dollar?” The latter question appears to have the idea that with the massive debt we have accumulated that at some point the United States will…
Filed under: Old Posts — John Galt @ 10:25 pm by John Galt August 17, 2009 And so am I. You and I are nothing but fleshy fertilizer for the machine of a failing empire struggling to maintain relevance in a world where their own lies, deceit and energies are being applied against them and against their will. We witnessed the attempt to create a new order for the world in their own image but the intents of these clowns was to do nothing more…
Filed under: Old Posts — John Galt @ 1:07 am By John Galt August 15, 2009 This is from Reuters (1st paragraph): US commercial property values off 17 pct in H1-IPD Fri Aug 14, 2009 2:15pm EDT NEW YORK, Aug 14 (Reuters) – U.S. commercial real estate market values fell by more than 17 percent in the first half of the year, outstripping their decline for all of 2008, according to the Investment Property Databank (IPD). Last year, values fell 12.2 percent, according to the…
by John Galt August 6, 2009 Dear Participants of the 9-12 Project and Tea Parties, God Love ya’ gang. I know what you are trying to do and believe me, I think it is noble. Five years too late, but noble. I am aware that some of your groups have been hijacked by the usual screwball hypocritical RNC types and some groups are doing all they can to evict the clowns or bypass them. Others just get into lockstep and march with the liars who…
Filed under: Old Posts — John Galt @ 5:44 am by John Galt July 31, 2009 If you refuse to think outside the box, you may soon find yourself buried in one. -John Galt, July 31, 2009 In the year 2006, an excellent movie titled “Flags of Our Fathers” was released and really hit home with the remainder of the World War II generation and many families who’s parents were raised during this time period. In that movie some myths about the great success of…
by John Galt July 29, 2009 Since yours truly lives in the belly of the beast, I decided to see what the upper end of the new home sales report had to say. It said exactly what I expected to with the high end market still quite dead and keep in mind my fellow skeptics, the high end includes a lot of the New York, California and high end market in Florida. If you look at the data from the Commerce Department the one thing…
Shenandoah July 27, 2009 Smoke, Mirrors, Distortion, Hope and Change – The Earnings Pump Myth Part 1- Transportation Filed under: Old Posts — John Galt @ 12:39 am by John Galt July 27, 2009 Earnings Reports Give Stocks Big Boost – Washington Post, July 26, 2009 Dow tops 9000 as optimism reigns – Chicago Tribune, July 24, 2009 Beyond Dow 9,000: Pisani Sees New Bull Signs – Bubblevision aka CNBC, July 24, 2009 Bulls back as Dow closes above 9000Â Â - Christian Science Monitor,…
by John Galt July 22, 2009 While we sit here stunned, confused, dazed and actually quite bored by the horrid abortion committed on the English language by America’s Messiah tonight, the world continues to function. In an obscure little online news site that I follow the following headline appears: Central Bank cuts foreign assets to lowest in 5 years Why is this story a “Dot” the proverbial internet phraseology for a significant event which should trigger concern but often is ignored because it is either…
by John Galt July 21, 2009 The Dow has rallied nicely since March of this year. Washington, D.C. appears to be returning to the good status of “stalemate” which satifies the world. The “War against Terror” is now the police action against misguided radicals. All must be well with the world because bankster profits are off the scale and I swear Maria the Money Honey had an actual Bubblegasm reporting Apple’s earnings this afternoon. Welcome to the eye of the storm. And that storm, as…
Filed under: Old Posts — John Galt @ 5:22 am by John Galt July 13, 2009 Don’t buy American! That is something that I never in a million years I thought I would ever utter, type or think about in my lifetime. As a life long Ford or Dodge truck owner at one point or another, I always dreamed of buying that next pick up with the big V8 or the small one with a four or a six when I felt practicality surpassed power,…
by John Galt June 27, 2009 The death of an Iranian protester. Outside of the members of that protest, the Iranian exiles worldwide, and a few “human rights” socialists, does anyone really care? No. The gift we have now and have taken for granted was seen as a “news source” and voice of freedom for exactly one week’s worth of a news cycle after the Iranian election. The mullahs and their fascistic power hungry minions thought they had the off switch to the internet under…
Filed under: Old Posts — John Galt @ 8:09 pm June 24, 2009 John Galt Just the charts here. I have a long rant about the bumblers to type. The UTT-BUGLY Chart of the Day, Ambac and if you don’t know why, open a newspaper. It is a crisis emerging but once again the regulators are quiet, blind and thinking it will just go away.
By John Galt June 24, 2009 He must like it in there. Just what in the world was the FOMC thinking? Press Release Release Date: June 24, 2009 For immediate release Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Let me get this straight: 1. Housing starts and permits are at levels unseen since the mid 1960’s when our population was substantially lower.…
By John Galt July 24, 2009 The ongoing blubbering about America’s need for universal health care and a government program to gain control of our lives has Canadians and other nations smiling from ear to ear. The proverbial ‘flight of the donuts’ will not only insure that institutions of powdered sugar flee our nation in fear of the almighty Health Gestapo to be formed to insure you don’t have that Boston Creme instead of a Tofu Tootie, the flight will just be an acceleration of…
By John Galt June 24, 2009 He must like it in there. Just what in the world was the FOMC thinking? Press Release Release Date: June 24, 2009 For immediate release Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Let me get this straight: 1. Housing starts and permits are at levels unseen since the mid 1960’s when our population was substantially lower.…
By John Galt June 16, 2009 From the Iranian Protests Care to wonder how this will happen? I’ve seen this movie before and as a student of this region, let me warn you: The crowds did EXACTLY what the mullahs wanted them to do. To provide a wee bit of perspective, let us flip back to 1989 in world history. Does everyone remember this guy? No, that’s not former General Motors Chairman Rick Wagoner standing in front of Obama’s anti-capitalist armored division. That is one…
Obamarket Update #98 for June 15, 2009: Ut-Oh Butkwheat! Filed under: Old Posts — John Galt @ 8:47 pm By John Galt June 15, 2009 The President freaked out today when he heard the market report from his economic team! Hopefully they can push his hair down before he speaks tomorrow about the new seizing of financial corporation’s freedoms when he introduces a new level of bureaucracy guaranteed to expedite the exodus out of our nation’s financial system. The news is not good and a…
By John Galt June 11, 2009 The ball rolled into the street innocently enough. Yet the four year old little girl who ran out there did not have a prayer. Milliseconds after she grabbed the red, white and blue colored plastic ball she collapsed to the pavement, her back blown out with a six inch wide exit wound as the sniper has no mercy in this conflict, no deciding who is a civilian or combatant. Harold watched from the apartment conversion on the 8th floor…
by John Galt June 10, 2009 Ah a beautiful picture of a commercial airliner flying off into the sunset. Except this particular flight is only symbolic of a new phase in the financial crisis which had many a blogger and most people with any sense of sanity deeply concerned: Capital Flight I have been warning since last year about the dangers of this happening. I have been screaming that government meddling in the economy, the distortions created by the actions with Bear Stearns, Fannie and…
By John Galt June 3, 2009 Greetings from the United States of Mexico! The nation I am discussing is a diverse nation with great natural resources and potential but sadly, it has problems galore. Imagine a nation that has people crossing the border illegally at will, bringing the issues of its homeland with them. Think about, a land where high unemployment is the norm because the system of capitalism has been corrupted because the corporate leaders have created elite oligarchies where competition is quashed using…
by John Galt May 22, 2009 TEOTWAWKI Crowd: We will see gun confiscation in America and an attempt to suppress our freedoms. TPTB: That’s silly talk. REALITY: NRA video on YouTube of gun confiscation after Katrina, massive ammunition shortages, etc. TEOTWAWKI Crowd: The U.S. Government will take over private corporations and begin dictating economic policy at every level of society as the economy collapses due to greed, corruption and government interference. TPTB: The U.S. Government has no desire to run our economy and capitalism is…
By John Galt May 21, 2009 The announcement of the new CAFE and Emissions rules by the Obama administration today has a reverberation far beyond Washington, D.C. The CAFE standards though are not the story. The focus by the media is a distraction to prevent anyone from focusing on what would amount to the largest tax increase in the history of mankind, on a society completely dependent on the internal combustion engine in the midst of the worst economic conditions since the Great Depression of…
by John Galt May 14, 2009 “We stand at Armageddon, and we battle for the Lord.” -Theodore Roosevelt, August 6, 1912 final line from the speech “A Confession of Faith” before the National Progressive Party convention I wish to begin this editorial with special thanks to Glenn Beck for re-stimulating my interest in this era of American history. I have always found the period from the 1907 Panic through the creation of the Federal Reserve Bank to be instructive as well as fascinating as the…
73ers April 9, 2009 By John Galt “73’s” the warm goodbye amateur radio operators give each other which means ‘best regards’ in those circles. A sort of goodbye in a very friendly sort of way which has been an established protocol for decades now. However, this is not what this article is about as I am not saying goodbye just yet. This is more to address something I have received emails and questions about regarding Glenn Beck’s 912 Project and the calls for “Tea Parties”…
Filed under: APRIL 6, 2009— John Galt @ 4:25 am by John Galt Thank you Barry. You gave us hope. I’ll shoot back with some change. You see, some people actually believe the “national” summary reports. Then again, I like to look at the big picture by dissecting the smaller ones. Instead of just using my the FRED charts from the Federal Reserve in St. Louis to look at the big national picture, I thought I would pick four states at random but not so…
Filed under: Old Posts — John Galt @ 7:53 pm by John Galt Ah yes, for those who partake in The Jungle for their sports news, you know what the Triple U means; in this case though it stands for our markets today: Unimpressive, unmotivated, and underwhelming 1. Unimpressive The Dow got the 8000 level, soared past it and fell back. Not an impressive move and other indices did not fair much better. 2. Unmotivated The volume on the NYSE was a paltry 1.8 billion…
Obamarket Update #52 for Wednesday, April 1, 2009: The Joke is On You Tomorrow April 1, 2009 Filed under: Old Posts — John Galt @ 8:20 pm By John Galt Can we take a pause from today’s news and just play a game. Let’s assume you’re driving your GM car and you hit a brick wall 20,000 feet high and 500 miles wide. You open your car door and realize that it was not some sort of mountain or rock or wall that you hit…
March 3, 2009 Obamarket Update 31 for the March 3, 2009: Hope, Change, Fallout Filed under: Old Posts — John Galt @ 10:04 pm By John Galt Yeah, it was that bad. Even though some days do not seem that bad, the volume not as nuts, the price action not so severe, yeah, some days are that bad. And we are at the bottom of this mushroom cloud, getting incinerated while listening to Cramer scream out in his final words “Obama, what the hell are…
By John Galt January 19, 2009 Salve, o poplod’Eori, Salve, o Patria Immorale! Son rinati I figli tuoi Con la fe’ dell’ideale. Il valor de’tuoi guerrieri, La virtu dei pionieri, la vision de l’Alighieri, oggi brilla in tt’i cuor Dell’Italia nei confini, son rifatti gli Italiani, li ha rifatti Mussolini per la guerra di domani per la gioia del lavoro per la pce e per l’alloro, per la gogna di coloro che la Patria rinnegar I poeti e gli artigiani, i signori e i containi…
by John Galt January 2, 2009 Thank Steve Quayle for another fantastic year on the air. Thank WHRI for their professionalism and great signal. Promote Steve Melching with thanks and www.archiveondemand.com to support the program. Remind everyone that for the future we will not be on shortwave unless times change. DISCLAIMER: THIS PROGRAM IS NOT THE REFLECTION OF NOR OPINION OF STEVE QUAYLE, MY FELLOW HOSTS, THE REALITY RADIO NETWORK OR GLOBALSTAR RADIO NETWORKS. THE FINANCIAL INFORMATION PROVIDED ON THIS PROGRAM, AS ALWAYS, IS ONLY…
By John Galt December 19, 2008 Window #1: December 19 to December 31 GMAC bank bid fails. This requires and additional bail out for Cerberus and GM to prevent a complete collapse in Chrysler and GM. If the GMAC bank bid fails and they file for bankruptcy, whatever funds provided to the automakers before Christmas will be irrelevant as the car makers lose their financing arms and no banks will step forward to bail them out due to the horrid holdings in GMAC’s portfolio. This…
By John Galt December 16, 2008 Prevailing wisdom on the morning of December 16, 2008 was that I would wake up, watch Bubblevision, drive to Vero Beach, FL, visit my accounts and today would be a non-eventful sort of financial market kind of day. The Federal Reserve was supposed to mark the Fed Funds Rate down to 0.50%, the Bureau of Labor Statistics would issue a report after consulting with Tinkerbelle for guidance, and CNBC would not have any kind of stroke other than Booyah…
By John Galt December 10, 2008 Sometimes you have to accept the premise that being the “first” in some things is not always the best. President-Elect and Grand Poobah of the United States, His Honorable Eminence, the Almighty Supreme Leader, Barrack Huessein Obama has the privilege of being the first black President of America. With privileges, come problems as he is now discovering thanks to twenty years of irresponsible banking and financial policies by his predecessors in that office, the Legislative Branches from this period,…
How I Became a Survivalist and Remained Squeezably Soft By John Galt December 3, 2008 In the great year of 1999, I was prepared to hunker down in my humble home with my wife and critters for the end of the world as we know it (TEOTWAWKI for all you still learning the lingo). I was cushioned by my vast supplies of rice, beans, canned foods, guns, ammo and the one thousand rolls of toilet paper which I insisted would save our lives one day.…
By John Galt December 3, 2008 The much heralded return of bailoutmania was greeted with much ceremony and celebration by the hogs as they were fed their slop by the Fed. So with that much celebrated Sunday evening in November now near and dear to our hearts, let us review a little history as to how Citigroup ended up being the latest in the line of horror to befall the American taxpayer and why the numbers being tossed around by the Federal Reserve are one…
On Tuesday, November 4th 2008, America Will Weep By John Galt Monday November 3, 2008 On Tuesday, America will weep. No, not the people; the conscience of our society, the Founding Fathers, the Constitution and the fabric which united a diverse group of people into a cohesive society which emerged from serfdom to a monarch and for two hundred plus years created a shining path for capitalists and refugees the world over. And my soul from out that shadow that lies floating on the floor…
By John Galt October 26, 2008 The first section of this essay is a look into a possible future our society might encounter in the months, or perhaps weeks, ahead. Mary Jo Schlumpunfunk (with all kudos to Glenn Beck) was driving home from work in the suddenly cold November air of her home town of Jeffersonville, Indiana. Mary Jo was sick and tired of listening to the depressing news about all the problems all those rich bankers and Wall Street types were having so instead…
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