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 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 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 November 7, 2012 16:45 ET - …. . / .– — .-. .-.. -.. / .. … / .- – / .– .- .-. / .- .-. . / -.– — ..- / .–. .-. . .–. .- .-. . -.. Dear God, Ouch. We got the message. Love ya man, Real Americans Wow gang, just wow. A lot to cover in one hour as yours truly dissects the disaster from last night. And…
by John Galt October 22, 2012 17:30 ET Tonight the candidates will enjoin in a foreign policy debate. Before the show, I shall cover all the subjects that will probably be ignored, including: Iran Israel Worldwide Persecution of non-Muslim religions Russia Japan North Korea China South America Pakistan Afghanistan Africa NATO PIIGS PARTICIPATE: Click on the banner below to find the various audio players (32K or 64K stream) to listen or to participate in the chat room with like minded Americans.…
by John Galt September 17, 2012 17:45 ET - …. . / .– — .-. .-.. -.. / .. … / .- – / .– .- .-. / .- .-. . / -.– — ..- / .–. .-. . .–. .- .-. . -.. Holy Flirkingschmidt. The Yellow Bellied Cowardly Awards add another member tonight and there isn’t a duct tape factory large enough in the world for the news you will hear. Tonight I’ll toss in (not in any particular order):…
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 September 17, 2012 17:45 ET - …. . / .– — .-. .-.. -.. / .. … / .- – / .– .- .-. / .- .-. . / -.– — ..- / .–. .-. . .–. .- .-. . -.. Welcome to the feelings of Europeans in August of 1939. You have been warned so tune in at 8 p.m. ET by clicking on the link below AND…… PARTICIPATE: Click on the banner below to find…
by John Galt September 11, 2012 23:00 ET Imagine a world where the average Joe Schlub walks into his favorite coin dealer and asks his friendly retailer, “Hey Mike, can I buy a roll of silver American Eagles off of ya?” Before Joe can whip his wallet out, the retailer slides a government tax form in front of him and states, “Sure, just as soon as you fill this form out, provide two forms of certified identification, fill out this bank statement release…
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 12, 2012 19:55 ET Gee, what a busy news night already. And now Moody’s decides to proclaim the obvious by calling a steaming pile, a well, steaming pile. Italy’s credit rating was just zinged again, and the full release is at the title if one clicks on the link. Woswer. This will be good for the ECB which bought all those 1 year notes this morning…. Moody’s downgrades Italy’s government bond rating to Baa2 from A3, maintains negative outlook…
by John Galt July 9, 2012 16:45 ET If this isn’t a Xanax and Jack special, I don’t know what is. Thank you CNBC for letting these two on the air together.
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 16:40 ET Somehow I just don’t think 2 hours will be enough time either but I’ll squeeze in as much news as I can during that time period. You have been warned so tune in at 8 p.m. ET by clicking on the link below: 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 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 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 18, 2012 05:15 ET Whew! That was close. Everyone thought that the Greeks would go hard line Marxist and instead continued with their tradition of electing a lightweight Marxist so the market futures shot up last night because nothing was solved and the economy of Greece still sucks. Then the futures minions woke up this morning and remembered that Spain was a much larger problem and the “bailout” there was a joke: (chart from Bloomberg.com) The U.S.…
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 12:30 ET It’s going to be a long 48 hours. Buckle up folks. Link to SKAI-TV LIVE from Greece. ———————————————————————————————- FINAL UPDATE 18:00 ET – Last update for this thread as the news now shifts to the markets overnight. Final results via a graphic from the Greek newspaper Tovima.gr: ———————————————————————————————- UPDATE 17:40 ET – Wow, what a powerful entry at the UK Telegraph Greek Election blog: 22.25 Former Chancellor Lord Lamont has spoken to Sky…
by John Galt June 14, 2012 19:30 ET Tonight’s commentary and analysis by Mr. Pritchard via the U.K. Telegraph is another home run: Dutch disease The terrifying start of the article is enough to make this piece required reading because it compliments my earlier writings about Austria, Switzerland, etc. and the issues hitting those nations along with the idiocy of the EU/ECB policymakers: As if matters were not bad enough already in Euroland: Dutch retail sales collapsed by 11pc…
by John Galt June 14, 2012 12:00 ET First and foremost, this is just an advisory of what my personal plan of action will be over the next 120 hours and not a recommendation for anyone to repeat or engage in any of these actions, especially if they can not afford to do so. There is not guarantee that this is the weekend where the events in Europe and the Middle East create the ultimate storm of financial disruption which washes over the…
by John Galt June 13, 2012 05:10 ET Wow. From Bloomberg TV: 1 year (364 day) Italian bond auction this morning- on May 11th auction went off with a 2.34% yield This morning with a 3.972% yield. Can you smell the pizza burning in that Italian kitchen? They may have sold all €6.5 billion put out for bid, but to have yields blow out by over 1.6% is a failure in anyone’s book because it means that increasingly, investors…
by John Galt June 12, 2012 17:50 ET The reports of capital controls being implemented should Greece leave the Eurozone have been flying throughout the internet over the last twenty-four hours, leaving many to wonder if the European Union is about to descend into the status of a large latte sipping banana republic. Switzerland’s central bank (SCB) is already rumored to have a plan in place to freeze all incoming funds at their borders and penalize anyone attempting to convert deteriorating Euros into…
by John Galt June 10, 2012 23:58 ET But, but, but, but, it’s no big deal? Right? Well per this article from the English translation of El Confidencial, yup, it could be: Bankia, €19bn may not be enough Uh, oopsies. From the article: Although it sounds incredible, the €19bn that Bankia, the troubled Spanish bank, has requested from the government to sanitize its accounts may not be enough. The Bankia tower, a skyscraper designed by the famous British…
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