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Daily Archives: 29/06/2011
6/29 V of Galt: Hunker Down, Dig a Foxhole, or Run?
By John Galt June 29, 2011 It’s a fair question. And when you hear the show tonight, in hour 2 we’ll try to address it. There is not a 100% correct answer but the wrong answer is to go sheeple now and worry more about reality television and the summer schedule of the broadcast networks. Join me from 7-9 pm ET M-F for news from sources and perspectives you will not hear anywhere else. You can listen to the Voice of Galt on this…
More Risk Ignored: Local Chinese Government Debt now over $1.65 Trillion
By John Galt June 29, 2011 Business China has a gem of a report from yesterday which will be ignored by the permabulls and various Bubblevision networks but could well be a warning of the coming liquidity crunch about to hit China and the rest of the world: China’s Local Government Debt Hits $1.65 tln; Raises Risk Concern While this might not seem like a crisis worthy of massive attention at this moment, it is part of a building case for a future disaster as…
The Arab Spring turns into an Islamist Summer
By John Galt June 29, 2011 As this author and many others have been warning for months now,the glorious extremist “Arab Spring” has rapidly deteriorated into an Islamist summer with protests and riots re-emerging but barely covered by the U.S. media in nations from Morocco to Tunisia, Egypt to Iraq, and throughout the regions where “reform” was the promise but reality would, as expected, dictate otherwise. The truth is being exposed now in a series of headlines over the last week where violent clashes returned…
The Disaster in waiting: South Africa Considers Nationalizing Mines
By John Galt June 29, 2011 While the Euro turns, the miners might be getting ready for Communist burns. The South African business newspaper, Business Day, has started a special in-depth series on the threat by the African National Congress (ANC) to nationalize the mining industry in that country due to inequalities of ownership and benefits to the citizens as a whole. This is the typical communist clap-trap when profits are strong and the economy begins to falter because of mismanagement by political parties…
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