by John Galt May 10, 2012 22:10 ET The Chinese Communist government is now having to deal with a new problem due to its extremely fast economic expansion and the idea of private property being introduced to the population (from Xinhua): 3 dead, 14 injured in Yunnan blast While the media is China is attempting to downplay this story as the Xinhua story linked above indicates, the BBC has a more accurate version with the background behind the attack develops a shocking…
by John Galt April 25, 2012 23:30 ET Click on any of the links below to read the story in full: Is there a drone in your neighbourhood? Rise of spy planes exposed after FAA is forced to reveal 63 launch sites across U.S. Exclusive: North Korea’s nuclear test ready “soon” ‘The War on Terror Is Over’ New Zealand Mulls Charging $100 for Pack of Cigarettes Weeping four-year-old girl accused of carrying a GUN by TSA officers after she hugged her grandmother while passing…
by John Galt April 19, 2012 23:40 ET Click on any link below to read the full stories covered on the air tonight along with some news that time did not allow to be read on air: China assisting North Korean missile program: U.S. Defense Secretary China reports bird flu outbreak NATO head calls on China, Russia to help fund Afghan forces Bashir says Sudan to teach South “final lesson by force” Italy tax police seize 20 pct of Premafin capital Forty-nine killed and…
by John Galt April 19, 2012 22:30 ET The economic recovery keeps chugging right a long as Ford announces the building of a new factory to almost double production. Unfortunately for the American worker, this plant is being built in Hangzhou, China to boost the automakers capacity by over 250,000 vehicles annually. Amazingly enough, no UAW workers will be hired to produce these vehicles. To read the full story from the Malaysia Star, click on the story link below: Ford invests US$760m in new…
by John Galt April 16, 2012 21:30 ET Click on any link below to read the full stories covered on the air tonight along with some news that time did not allow to be read on air: Israeli TV report shows air force gearing up for Iran attack, says moment of truth is near Iranian officials observed N. Korea’s rocket launch: source Secret Service agents busted because they refused to pay hooker: source Secret Service dismissals “biggest scandal” for agency Secret Service hooker flap over…
by John Galt March 5, 2012 17:15 ET JUST when one thinks the United States political elites can not act any stupider than Senator John McCain’s call for another undeclared war, this time on Syria, the news breaks late this afternoon about the start of a trade war with China: US House Passes China Tariff Measure (click on the title above to access article in full from NASDAQ.com) There are those that live on the river De-Nial who think that this act will not have…
by John Galt February 28, 2012 18:15 ET Of course, few people remember the days of Mao but those of us old enough to remember the “Cold War” and all of the bloodshed associated with it remember not just the violence, but constant threats to world peace erupting in various corners of the planet. Fast forward to a little covered story tonight, at least on the U.S. news or your local papers, regarding another ethnic riot erupting in the economically booming utopia known as…
by John Galt February 6, 2012 05:00 ET In less than sixty minutes, the tiny nation of Iran could easily defeat two of the mightiest military powers in the world if they are allowed to engage in a first strike opportunity against both of those nations. This is not some far-fetched idea as U.S. and Israeli military planners are keenly aware of the implications of an Iranian attack which catches both nations off guard. The problem is not one of strategy or ability by…
by John Galt January 17, 2012 05:20 ET The ChiComs broke out the heavy weaponry but then again, didn’t yours truly say they could do this? Yes, I did and reports are that China injected $30 billion into their equity and financial markets to insure that the selling would be stemmed regardless of the economic figures manufactured by the government. The one consistent result when governments monetize debt like the EU and Federal Reserve and interfere in the natural direction markets wish to go is…
by John Galt January 16, 2012 09:25 ET The Chinese data came in a tad hot and now the doubts about the need for the Chinese authorities to ease comes into play. If the ChiComs fail to ease the Western economies already floundering might indeed see a deeper reduction in economic growth as the Chinese tap down inflation fears and continue to buy commodities on the cheap using their massive foreign reserves.
by John Galt January 15, 2012 20:20 ET Have no fear, the dollar will always be here! Or is that Underdog? The truth is in the migration away from the U.S. Dollar and into every possible currency but Mr. Bucky as the Federal Reserve has elected to monetize every freaking dime of debt to prevent the default of the United States due to non-payment and instead inflate away all of our worries. Other nations and companies apparently have that worry also and wish to…
by John Galt January 15, 2012 19:55 ET The United States had promised the Kingdom of Saudi Arabia assistance with the construction of a nuclear facility for “peaceful” purposes during the Bush administration back in 2008. However, the lack of follow through by the inept Obama administration leads the world a step closer to disaster as our once closest “ally” in the region now is solidly an agent for the Communist Chinese government: Kingdom, China ink nuclear cooperation pact (click on the link above…
JohnGaltFLA Predictions for 2012 By John Galt January 1, 2012 – 17:00 ET I. Geopolitical Predictions 1. The United States constructs a new large military base in Columbia near the Venezuelan border in anticipation of the collapse of the Chavez regime. The new focus on South America is seen as a desire to refocus American foreign policy as the Middle East rejects any further interference from the United States. Columbia welcomes the action as it intertwines the U.S. into their internal conflicts and…
By John Galt December 30, 2011 07:50 ET Buckle up. 2012 is almost here. Last year I was so-so in my predictions and for 2012 I probably will be also. If you are meek put on your Depends for this show or just assume the fetal position when the theme music stops. In the first half hour I’ll cover the news of the day, the financial news and then begin the prognostications which cover geopolitics, sports, U.S. politics, the economy, weather, and whatever else I…
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 November 30, 2011 – 21:40 ET No comment beyond “see, I told you so” is really necessary. To read Ambrose Evans-Pritchard’s editorial commentary in tomorrow’s U.K. Telegraph, click on the title of the link below: Fed saves Europe’s banks as ECB stands pat And yes, you’re welcome Euros. Again.
By John Galt November 8, 2011 – 17:30 ET I implore you, if you do have children, if you are easily offended by graphic descriptions of criminal activity involving pedophiles, if you are easily offended or sensitive, do NOT tune into the first half hour of the program tonight as I will be covering the Penn State University controversy from an angle no one in the nation has dared to say, do, or infer. I will be reading from the timeline and the indictment so…
By John Galt October 18, 2011 – 21:20 ET Uh, about those awesome Boeing 787 Dreamliners again…. China Eastern cancels order for Boeing 787s (China Daily) 08:36, October 19, 2011 BEIJING – Chinese airlines that used to boast about ambitious international expansion plans are now turning their focus back home as the weakening global economy hurts demand for long-haul air travel. China Eastern Airlines Corp, the country’s second-largest carrier by aircraft numbers, announced on Monday night it was canceling its order for 24 Boeing 787…
By John Galt October 11, 2011 – 18:45 ET “Those who do not learn history are doomed to repeat it.” So what part of that old saying, depending on which interpretation has escaped the idiots in the U.S. Senate? Apparently all of it. The U.S. Senate tonight passed the currency bill which would, if it becomes law, almost guarantee a trade war with our nation’s central bank. The problem is that the unpredictability of the House Republicrats who are in full blown election mode may…
By John Galt September 15, 2011 – 18:30 ET You may now put your seat in the panic position and order doubles from your flight attendant. From the U.K. Telegraph, a quick excerpt from this evening’s entry by Ambrose Evans-Pritchard; please click on the headline to read the commentary in full. China to ‘liquidate’ US Treasuries, not dollars The debt markets have been warned. A key rate setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to run…
By John Galt September 14, 2011 – 21:45 ET Today Ambrose Evans-Pritchard posted a series of commentaries on the Chinese interventionist plans along with more on the Euro nightmare. Check out these links to read them in full from the U.K. Telegraph: China states price for Italian rescue China wants to break the ultimate taboo and buy into Western companies such as Apple, Boeing and Intel Europe must take ‘decisive action’ now on banking crisis
By John Galt September 12, 2011 – 00:25 ET Did your esteemed host and commentator suddenly hit his head and go nuts? No. In the long term, in other words, twenty years from now or longer, China is a direct threat to American world hegemony. In the interim it makes for a nice creature under the bed for long term strategic issues and of course, current Politik think in the U.S. The problem is that the American public is absorbed in an election year and…
By John Galt August 30, 2011 – 18:05 ET This little gem of a story from Business Day, a South African financial news publication should be another warning to the sleeping morons in D.C. and Wall Street: Renminbi may replace dollar in Sino-African trade While the Bernank and the Bammer have been out beating their chests about the “world’s reserve currency” the nation of Communist China has been quietly setting up international trade agreements with nations who have crucial supplies of raw materials and strategic…
By John Galt August 15, 2011 – 22:15 ET Here we go again, with the official China Securities Journal reporting that ¥4.6 trillion or about $719 billion in local government debt due this year and next. This has been estimated by the authorities to be approximately 43% of total troublesome debt according to an article in Business China today. From the same article, RMB 4.6 tln of Chinese Local Government Debt Due in 2011-2012 (Click to read in full), it would appear that some aspects…
By John Galt August 14, 2011 – 22:55 ET The story seems eerily familiar to me, as when the Florida real estate bubble began to burst, people walked away from contracts even if it mean sacrificing deposits and rightfully offered the primary reason for abandoning their commitment was that they felt the top was in and would wait for the price correction to finish before re-entering the market. Numerous condominium complexes and subdivisions were left on the drawing board leaving vacant lots everywhere or worse,…
By John Galt August 14, 2011 – 22:30 ET Maybe they got the idea from Michelle Obama, maybe not, but when the Communist Party decides to launch an attack on an industry in China, the companies had best pay attention and hope this isn’t about geopolitics. The story from this morning’s front page of the People’s China Daily, essentially the government owned newspaper and propaganda arm, for August 15th should have U.S. politicians getting nervous as the fast food giants will retaliate not against the…
By John Galt August 14, 2011 – 13:15 ET The story just broke an hour ago from the Financial Times by Anna Fifield (registration required): Pakistan gave China access to US helicopter From the article: “The US now has information that Pakistan, particularly the ISI, gave access to the Chinese military to the downed helicopter in Abbottabad,” said one person in intelligence circles, referring to the Pakistani spy agency. The Chinese engineers were allowed to survey the wreckage and take photographs of it, as well…
By John Galt August 7, 2011 10:47 ET CNBC just broke the story (click on the title to read the story in full): Dollar to Be ‘Discarded’ by World: China Rating Agency By: Ee Sing Wong The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating. In…
By John Galt August 6, 2011 Just dang. I hate it when the commies are right. From Xinhua today: U.S. debt problem remains unsettled BEIJING, Aug. 6 (Xinhua) — Far from an end to the U.S. debt problem, the last-minute congressional approval of an increase in the debt limit is merely a technical time-out. President Barack Obama on Wednesday signed legislation to increase the U.S. debt ceiling, after Congress voted in favor of a compromised bipartisan deal. As for the details, the debt deal calls…
By John Galt August 3, 2011 On July 27, 2011, the Chinese government released a story via its state press agency, Xinhua, that stretched the credulity of anything anyone could ever have made up, even since the time of the old Radio Moscow World Service or Radio Tirana news broadcasts: China refitting aircraft carrier body for research, training Within the article, the following portion of the article is to assure the American people they should fear nothing from this as the Chinese military has refitted…
By John Galt August 3, 2011 On the August 2, 2011 edition of the Glenn Beck radio program, he began a postulation that World War Three would begin in Libya and the distractions created by that might be sufficient to change the balance of power in the world. The theory might sound justifiable considering the situation on the ground there but the facts do not bear out any logical reason for a major world conflict to start in that country. The conflict is basically of…
By John Galt July 30, 2011 The title of this editorial will be the question that rages across America in the months and years ahead. As I covered on my radio program last night and my friend Invar covered at his blog Sword at the Ready in the article ‘Feds Mandate Your ISP Monitor and Log Your Internet Activities for a Year’ , it has become quite obvious that the United States government is now fully engulfed in finding every nook, cranny, or orifice that…
By John Galt July 26, 2011 News happens. Get the real take tonight on the Voice of Galt only on Just Measures Radio. Especially Tonight. To call into the program dial: (877)213-6404 or (812)307-4363. 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 27, 2011 Perhaps the Chinese Communist Party has dusted off some of their old news writers for this story out of the state controlled media this morning where the claim has been made that the aircraft carrier they purchased from the Ukraine which is readying for sea trials is being set up for “scientific research.” That reminds me of some of the old time stories you would hear on shortwave via Radio Tirana, Radio Moscow World Service, and currently on Radio…
By John Galt July 26, 2011 As I was scanning the overnight news feeds, a story popped up in the July 27th edition of the Taipei Times which caused me to take pause as I read it: EMP defense necessary, legislators say WHY WAIT?DPP Legislator Tsai Huang-liang and KMT Legislator Lin Yu-fang said budget concerns should not hinder efforts to protect the MND’s new headquarters By Vincent Y. Chao / Staff Reporter The lack of protection against electromagnetic pulse (EMP) weapons at the Ministry of…
By John Galt July 25, 2011 As our politicians continue to destroy Rome and blame everyone but themselves, our largest Central Banker and trading partner is out setting up more nations to trade with using Yuan instead of fiat dollars. Tonight’s deal of the day courtesy of the Chinese news agency, Xinhua: Central banks of China, Kazakhstan to open special accounts on currency swap 2011-07-26 06:15:17 ASTANA, July 25 (Xinhua) — The central banks of Kazakhstan and China have agreed to open special accounts under…
By John Galt July 25, 2011 From the Financial Times July 25, 1112 EDT: Chinese fighters ‘repel’ US aircraft By Kathrin Hille in Beijing Two Chinese fighter jets crossed the middle line in the Taiwan Strait late last month for the first time in more than a decade to repel a US spy aircraft, according to defence sources in Taipei and Beijing. This marks the first known encounter between US and Chinese military aircraft in mid-air since a US reconnaissance aircraft collided with a Chinese…
By John Galt July 17, 2011 It’s almost as if Steve Liesman was reading the report himself in your living room on Bubblevision Channel 1. However this is not about the financial propaganda the U.S. media portrays using selective data presentation to spin it so Der Buglehead looks good, this is about the ChiComs learning how the game is played. As markets open around the world tonight there is a little tidbit of information that was presented with two wildly different twists of the same…
By John Galt July 17, 2011 So for some strange reason, the world’s allegedly third largest economy has suddenly decided to fear the MANBEARPIG (MBP), a mythical creature created by the envirocommies and the ultimate Nobel Prize winner who demonstrates that Madoff was a piker by comparison. The MBP has convinced the old time commies of, well, Communist China, that controlling the trading of emissions which have no actual financial value is a fantastic test bed for American and European modified Marxism where banksters are…
By John Galt July 14, 2011 From China Daily 7/14: High-speed train breaks down again Updated: 2011-07-14 07:04 By Xin Dingding (China Daily) BEIJING – A northbound train on the newly opened Beijing-Shanghai high-speed line broke down on Wednesday, the third such incident since Sunday when services were disrupted by power outages. The Beijing railway bureau said on its official micro blog that the train encountered “a sudden malfunction and could not operate normally”. Passengers had to take a back-up train, which arrived at Beijing…
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