by John Galt June 3, 2013 05:45 ET The prevailing thought after Friday’s swoon was that the markets would continue tanking this Monday morning and there is a strong chance that the U.S. equity markets could drop further despite mildly higher futures this morning. The reality is not in the short term hourly action of the markets but what history has taught what few individual investors are left when May ends on a sour note with somewhat less than a booming economy. The chart…
by John Galt May 23, 2013 05:00 ET The cratering of the Japanese stock market last night with a massive 7.32% sell off could be an indication that the Fed’s hint that the era of super easy funny fiat printing may start to ease is over. The hangover might begin as U.S. futures are down triple digits as this is typed but is it the end? If the speculators are any hint, odds are this could be a short sharp correction heading…
by John Galt May 17, 2013 11:15 EDT The news from Europe and the so-called successful European Union continues on a dire path, now with the tiny nation of Slovenia following in the footsteps to slavery and a Panzerbank march to seize control of the nation’s wealth. The economic Blitzkrieg that Germany’s favorite Marxist, Herr Merkel, is executing would make Rommel jealous as now Slovenia is in precisely the same danger as Greece was in 2009. This is not a surprise as I…
by John Galt May 5, 2013 20:00 EDT Tonight, Ambrose Evans-Pritchard penned an article in the UK Telegraph where the German creator of the Euro currency called for the following: German euro founder calls for ‘catastrophic’ currency to be broken up In the article it is stated that: “The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,” he said. “The Germans have not yet realised that southern Europe, including France,…
by John Galt April 22, 2013 05:30 EDT The sad truth about our modern reality is that everything is fixed. Football games? Probably. Elections? Definitely. Judicial trials? If you have the money, no problemo. Stock markets? Seriously, you have to ask? Thus why the Central Banks have declared a currency war to protect their precious post-Bretton Woods period of dominance so they can continue the rape and pillaging of nation after nation in exchange for greater power at the expense of the individual citizen’s…
by John Galt April 21, 2013 10:30 EDT Russia is apparently re-injecting their influence into the Cyprus crisis and with the upcoming vote on the EU/ECB bank heist agreement it is an interesting bit of timing for the Russians to do so. From VOA News: Russia Ties Cyprus Loan Terms to Release of Assets From the story: Russia wants to play a bigger part in talks over solving Cyprus’ financial problems but will only restructure its loan to the island if its interests there,…
by John Galt April 14, 2013 23:30 EDT Everyone seems to think that Angela Merkel, the current Führer of Germany, is an angelic saint who wishes to retain and improve the European Union and capitalism within the borders of her nation and beyond. Yet nobody wishes to publish, disclose, or review her communist past and work within the Soviet Union’s empire. I first looked at this in September of 2011 where I stated: The Future of the Capitalist World is Controlled by 2 Students…
by John Galt April 14, 2013 23:00 EDT If anyone thinks the world’s central banksters are not aware of the flight to physical precious metals, the following two charts from tonight, one from NetDania and one from Kitco should dispel that myth: Ouch. Double ouch. However for those holding physical gold, not paper, this should be viewed for what it is, a final chance to buy insurance before all hell breaks loose. We are one nuclear missile flying over Tokyo from North Korea or…
by John Galt April 9, 2013 22:50 EDT The strange world of European Union disunity continues to rear its ugly head and the long but not forgotten nation of Greece appears to be preparing to make a blockbuster claim against the nation of Germany for €162 BILLION in war reparations from Germany for World War I and World War II damages. In an article by Ambrose Evans Pritchard via the UK Telegraph this afternoon he states the following: The document – stamped “Aporito”, or…
by John Galt March 28, 2013 21:30 ET Ah, the good old days. Spain can’t meet it’s goals and needs a break from the European Union. Italy can’t form a government again (again, again, again, etc…). Ireland got drunk and forgot to make a bond payment. Greece well, is Greece. And good old Portugal can’t meet the commitments they made to the IMF, EU, and European Central Bank about their deficit spending. Wait a minute, that’s exactly what El Pais reported this afternoon:…
by John Galt March 27, 2013 22:30 ET Bloomberg started the Slovenia hit parade not even within a day of the “resolution” to the Cyprus crisis with this article: Slovenia’s New Cabinet Under Pressure to Avoid Cyprus Fate How bad is it? Their banks need upwards of €3 billion plus with an immediate need for liquidity for their banking system of €1 billion. Of course the European Union doesn’t realize that the more matches they flick on the Balkan powder keg, the more likely…
by John Galt March 27, 2013 21:15 ET In this interview with Marc Faber on Bloomberg Surveillance this morning, the most dangerous point that I’ve ever heard him make about the upcoming systemic crisis (my words, not his) where he states that “even in gold it will be difficult to hide.” I point to this chart from 2008 to highlight this point: The gold chart from 2008 illustrates a demonstrative “death cross” as circled on the chart. In 2012 to today however,…
by John Galt March 26, 2013 20:45 ET If anyone is under the delusion that the seizure of individual and business accounts from the banks of collapsed nation is where the evil and corruption will stop, here’s a shock for the readers courtesy of the Cyprus Mail: Church says it will lose €100m This so-called “bail-in” designed only to protect the hedge funds of the European and British money center banks scalped the one entity which could help the poor during the nations transition…
by John Galt March 24, 2013 20:30 ET As of just about 40 minutes ago, it would appear that the European Union has imposed another deal on the tiny island nation of Cyprus. There will be more details forthcoming but in the end, the European hedge funds and banksters will wrestle control of the sovereignty of another nation away from its people as they have in Greece, Ireland, Italy, and Spain. The obvious alternative for the people of Cyprus to indeed become the…
by John Galt March 23, 2013 17:55 ET From China Radio International English News approximately 40 minutes ago: IMF Blocks Cyprus Bailout Agreement The International Monetary Fund (IMF) is blocking a bailout agreement for Cyprus by insisting the merger of the Mediterranean island’s two largest banks, the official Cyprus News Agency reported on Saturday. The agency quoted a senior official of the Cypriot side in the negotiations with international lenders as saying that “we are not even near an agreement with the troika.”…
by John Galt March 23, 2013 01:00 ET When in the issues of man versus government, freedom against the rule of crony capitalism, and the rule of law versus any nation’s corrupted system, there is apparently one solution to cure all the problems: Chrysler the plaintiffs. What is Chryslering? It is a new verb that most Americans are familiar with from 2009; at least to those retirees who are now bagging your groceries or asking if you would like to taste the deli…
by John Galt March 22, 2013 05:50 ET In other words, the Cypriot government refused to sell control of its petroleum and natural gas resources to the Russians. This puts the Rothschild cartel of the ECB back into the driver’s seat to Kissingerize the Greek Cypriot government and seize control of the nation if they do not cooperate with the Western Central banksters. From Reuters just after 0500 ET: Russia rebuffs Cyprus, EU awaits bailout “Plan B” (Reuters) – Cyprus’s finance minister left Moscow…
by John Galt March 21, 2013 21:30 ET If anyone thinks that the government and people of the Greek portion of Cyprus are friends of the United States/European Union banking cartel, I must remind my readers that Cyprus is actually two nations divided along religious and ethnic lines. The reality of what this now important island nation looks like from a geopolitical point of view is best pointed out in the map below: (map courtesy of PSEKA.net) The Turkish government has been maintaining…
by John Galt March 20, 2013 22:00 ET In August of 2011 this blogger observed the following in an article titled “The Most Dangerous Stock Market in the World is now down over 90%“: In the nation of Cyprus, divided for decades between Turks and Greeks. Orthodox Christian and Muslim, the danger is real and somewhat buried in the back pages as other more pressing issues which impact geopolitics surpassed the region in importance. With the nation divided at gunpoint and distrust at…
by John Galt March 1, 2013 05:30 ET The markets are at a face palm railroad crossing and unfortunately most market participants and gurus are missing the warning sign. First and foremost is that gold has shifted from its safe haven status to a full blown predictive indicator of approaching economic and stock market action. At this moment the declines in gold are not stating we are in the great hyperinflation but in fact possibly heading towards another period of deleveraging and deflation…
by John Galt February 24, 2013 16:15 ET The economic landscape continues to evolve within this manipulated market realm under the guise of capitalism yet few commentators beyond Rick Santelli at CNBC and Ambrose Evans-Pritchard of the U.K. Telegraph are willing to step outside the accepted norm and offer blunt commentary about the upcoming risks and eventual conclusion of the great Ponzi scheme concocted by the world’s central banks. Tonight’s edition from AEP is no exception: Trade protectionism looms next as central banks…
by John Galt January 1, 2013 17:00 ET 2013. Bah Humbug. Washington, D.C. is a mess ruled by a maniacal narcissistic Marxist and opposed by a globalist political party which would sell your mother into slavery to get a new bridge for swamp rats in their district. The civil war in Syria continues unabated. North Korea can lob objects into the atmosphere with the trajectory of “God only knows” and hopefully one day they do not get lucky with something over…
by John Galt December 30, 2012 15:00 ET So how did I do? First, unlike many bloggers, prognosticators, commentators, and hosts, I will refer to my predictions for this year that is about to end by reminding everyone they can see my mistaken and correct predictions of doom in this thread from my radio show and in this thread: JohnGaltFLA.com Predictions for 2012 Let’s break this down, section by section and score it by +1 for correct, -1 for…
By John Galt September 18, 2012 – 19:00 ET Doom? Ha. The economic and geopolitical hell I am about to unleash along with our future Gestapo will make the a fore mentioned look like the female reproductive systems of the Communist Ladies Association. Tune into DOOMER TUESDAY at 8 p.m. ET tonight to find out more… Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.
by John Galt August 16, 2012 19:05 ET While the American financial media continues its summer bliss of ignorance, failing to understand the reality on the ground in the PIIGS and Eastern European nations whose economies are collapsing, Ambrose Evans-Pritchard spells out a warning in tonight’s commentary from the U.K. Telegraph: Finland prepares for break-up of eurozone As the Finns have long been skeptical of the bankster bailout plans submitted to keep the Brussels-Berlin axis afloat, this shocking bit of news…
by John Galt August 7, 2012 17:20 ET Or it could be actually worse than anyone, as usual, wishes that poop can be turned into gold well, still smells like and looks like poop. S&P has acted and for anyone who thinks that the Greek situation is “under control” or that the nation has been saved. Because it is game over soon. From Reuters & S&P: S&P revises Greece’s outlook to negative 5:18pm EDT Overview – Following…
by John Galt August 6, 2012 21:25 ET For some strange reason, I don’t think Germany and Italy have been barking at each other this much since 1943. And wow, does this dispute make that verbal sparring between Mussolini and Hitler look meek compared to what is going on between Merkel and Monti now. Ambrose Evans-Pritchard covers this dispute tonight in his commentary in the U.K. Telegraph: Germany and Italy near blows over euro How bad is it? Check out…
by John Galt July 24, 2012 18:00 ET My head exploded at 11 a.m. this morning. After scraping the pieces up and duct taping my skull together it exploded again with more blatant Federal Reserve market intervention at 3:50 p.m. this afternoon. Tonight, I explain the economic disaster we are facing as I go Santelli on your butts. You have been warned so tune in at 8 p.m. ET by clicking on the link below: AND PARTICIPATE! Just click on the…
by John Galt July 23, 2012 05:20 ET The “cured” European Union is experiencing an outbreak of Grecian Flu as now Spain witnesses its 10 year bond yields soaring over 7.5% this morning and the IBEX copying the same pattern of the Athens Stock Exchange with sharp daily crashes and lackluster rallies. This morning it is making a statement along with the EUR/JPY and EUR/USD swaps that this crisis is far from over and unless the U.S. Fed gets involved in coordination with…
by John Galt July 15, 2012 20:15 ET The disaster known as the Greek economy and corrupt political system is about to come to a thunderous conclusion where decades of hard Western loyalties and values purchased via post-colonial assistance from Great Britain and the willingness of U.S. President Truman to fund and support the pro-Western elements during the post World War II period. Fifty plus years later, here the world is on a brink of a collapse of modern day central bankster…
by John Galt July 8, 2012 22:00 ET The United States slumbers under the inept leadership of the Clinton State Department and the old Soviet Union begins its march through the Western sphere by purchasing influence one nation, one alliance at a time. The U.S. thinks it can intimidate the Russians with verbal sparring but in reality they are laughing, in fact mocking the handiwork of decades of Soviet influence over our foreign policy as we stumble from crisis to crisis and Moscow…
by John Galt July 8, 2012 20:15 ET And my readers thought I was still uptight after my vacation? HA! Read this from the U.K. Telegraph via Ambrose Evan-Pritchard return: German president Joachim Gauck has ordered Chancellor Angela Merkel to clarify exactly what she agreed behind closed doors at the EU crisis summit ten days ago, lending a powerful voice to critics dismayed by the surging costs of euro bail-outs. “She has a duty to explain in great detail what it…
by John Galt July 8, 2012 17:30 ET Apparently Europe has found The Cure as I did decades ago: Well, not so fast. Tonight’s EUR/USD opening is not so good….
by John Galt July 8, 2012 16:00 ET There is this myth that by funneling new debt into Greece, or any of the other PIIGS nations for that matter, will be a practical tool for these indebted nations to create leverage despite economic contraction to pay old debt back. Theoretically it sounds nice and placates the professors and politicians to a point where they can publicly proclaim success, even if in reality those in the know understand that a total collapse and default…
by John Galt July 6, 2012 07:45 ET Think Europe is fixed? I’ll let these three charts from Bloomberg explain how this disaster is just now getting started. And it is about to get a whole lot worse. Can you say PAIN boys and girls? The 1 Year yield has bounced off its lows below the 0.00% mark and is now barely in positive yield territory: Meanwhile in the rain in Spain, there is a lot of 10…
by John Galt July 5, 2012 08:15 ET It’s a busy morning and the data keeps on flowing but the following announcement by the European Central Bank reeks of desperation: PRESS RELEASE 5 July 2012 – Monetary policy decisions At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.75%, starting from the operation to…
by John Galt June 25, 2012 11:59 ET All one needs to know about today’s disaster markets in one Tweet: I just wonder if he was short the Athens Stock Exchange or any participating financials before he announced the resignation, as the corruption there reigns supreme: (chart from Bloobmerg.com) If anyone thinks this chart is ugly, take a moment, go to Bloomberg and pull up all of today’s European and Middle East indices. It’s a bloodbath.
by John Galt June 18, 2012 13:05 ET Everyone break out your ASE 1000 party hats because any day now this sucker is going to double! Or not. The massive 3+% rally is on this five year chart, uh, er, somewhere on the chart below provided courtesy of Bloomberg.com; one might want to grab a magnifying glass to find it. To quote Jim Cramer “BUY! BUY! BUY!” Because there are still thousands of suckers dying to sell to anyone…
by John Galt June 17, 2012 18:30 ET Uh, someone with some money realizes that this is becoming a joke. In the old days, a rigged election or leak about “coordinated bailout” would cause the futures to skyrocket some 300-500 Dow points. Here they are getting “their boy” into office in Athens and this is all they got? (from FinViz.com) Perhaps someone actually looked at a map and realize that Ireland, Hungary, Portugal, Spain, and Italy are still on the “oh…
by John Galt June 17, 2012 15:15 ET And in his usual direct, factual, and intellectual manner, Ambrose Evans-Pritchard delivers a blunt bit of honesty to address the insanity which will follow in the weeks and months ahead in his column from tonight’s U.K. Telegraph: Greece will have to leave EMU whoever is elected (Click on the title above to read the article in full) The following excerpt sums up the instability the world is about to experience quite nicely:…
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