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 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 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 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 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…
November 20, 2012 18:55 ET Live again. Loud again. Broadcasting from bug out location number 1 deep from the boondocks of Southwest Florida, there is a few things I would like to get off my chest…. The War on Christianity The World at War Police State 2013 His Royal Highnass Economy in its Death Throes and of course a huge… DUCT TAPE ALERT You have been warned so tune in at 8 p.m. ET by clicking on the link below AND………
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 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 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 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 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 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 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:…
by John Galt June 17, 2012 09:55 ET It’s just too classic to pass up. Too bad the world doesn’t understand that Merkel is much more like Gorbachev or Brezhnev than Hitler. I’ll begin my live coverage of today’s events after 1 p.m. ET here at Shenandoah.
by John Galt June 17, 2012 08:30 ET With the news of the last week, some of which I have linked to in this piece, it is amazing when one takes a step back and realizes that we truly are witnessing a world in turmoil. This is how it begins with a lack of U.S. leadership as a vacuum creates opportunity for radicals to create problems worldwide, and of course the biggest black hole in the world is in Washington, D.C. where the…
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 11:00 ET The American media’s obsession with ignoring bad news and engaging in propaganda via the art of omission works well for the target audience which is more concerned about Lindsey Lohan or a “yes we can” chant. However when the internet news hounds (my readers) and those concerned about the future of Europe and hence, the U.S. economy start to dig into the severity of the situation in Europe new facts emerge to raise the concern…
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 20:55 ET Just as the Spantarp seems to has pacified the equity traders for twenty-four hours, the news heading into the Greek elections indicates further issues that the mainstream bubblemedia and the European Union wishes not to discuss. From the Greek newspaper Ekathimerini: Withdrawals up again due to uncertainty By Yiannis Papadoyiannis The political polarization and uncertainty regarding Greece’s position in the eurozone generated a fresh spike in bank withdrawals last week. In…
by John Galt June 3, 2012 17:10 ET Ambrose Evans-Pritchard is back with the reality check in the U.K. Telegraph that has been sorely missed by most of the mainstream Bubblemedia and especially the political elites of Europe: The week that Europe stopped pretending These key portions of this outstanding summary of the past week should terrify the sane and petrify the insanely ignorant: Joschka Fischer, Germany’s former vice-Chancellor, said EU leaders have two weeks left to save the project.…
by John Galt June 3, 2012 11:15 ET The news from Athens continues to bleak over the past few weeks. A 90 year old mother and her 60 year old son jumped to their deaths off on apartment building (See Ekarthimeini article here). A 62 year old pensioner hung himself off of a tree on the outskirts of Nikaia (See Athens News article here). Migrants are being attacked and are desperate to leave the country. Pharmacists are now refusing the government benefits card…
by John Galt June 1, 2012 05:15 ET (All charts courtesy of Bloomberg.com) Have my readers ever wondered why the financial networks always show 1 year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever possible? Perhaps these seven charts will indicate why they prefer to color the truth and hide the seriousness of the economic realities of Europe. I have posted the charts of the major stock market indexes for the PIIGS plus Cyprus and Hungary to offer…
by John Galt May 30, 2012 19:25 ET Europe’s debtors must pawn their gold for Eurobond Redemption (click on the title above to read the article in full) Ambrose Evans-Pritchard outlines a radical new plan being devised by the technocrats and banksters in Germany to seize control of the Southern European nation’s treasures, gold, and national assets. The first two sentences of the story tell the tale of deceit being concocted by the banksters of Berlin: The German scheme — known…
by John Galt May 29, 2012 19:00 ET Tonight I will be a guest on Rick Wiles’ TruNews program broadcasting at the following locations: Via the internet at this link. ON Shortwave via: World Wide Christian Radio (WWCR) shortwave frequency: 9350 6pm Eastern 5pm Central 4pm Mountain 3pm Pacific World Harvest Radio shortwave frequencies: 5920 9860 9pm Eastern 8pm Central 7pm Mountain 6pm Pacific Last but not least a moment to thank Rick Wiles for…
by John Galt May 29, 2012 07:00 ET In another sign that the nation of Greece is failing to function at every level, another story appears in the Greek newspaper Protothema which gives the average person some degree of awareness as to how severe the crisis truly is: Prisons are running out of food It’s a good thing those evil Christians that the American elite liberals despise are still alive and well in what’s left of the Hellenic Republic. This excerpt from…
by John Galt May 21, 2012 15:00 ET A sneak peek into America’s future perhaps? Imagine your son or daughter working a part time job at a local restaurant as a cashier. The customers usually don’t ask for a copy of their receipts so the habit has been to throw them away. Suddenly, your son or daughter is arrested by one of the customers who identifies himself as an undercover officer for the U.S. Treasury Department Financial Police. Crazy sounding isn’t it?…
by John Galt May 20, 2012 10:00 ET The world is focused so intently on the coming collapse of Greece and their withdrawal from the European Monetary Union that one of the byproducts of the regional instability in the Balkans continues to operate much like the Israeli Air Force has been in the same region. This week saw the first direct interaction between Israeli Air Force and Turkish fighter planes near Cyprus that I can recall in modern times (From Hurriyet Daily News see:…
by John Galt May 20, 2012 08:20 ET Finally, at least one of the banksters of the world has provided some degree of honesty about this mess over in Greece. The threat of the Grexit was enough to turn the debut of Facebook on the NASDAQ into FacePalm creating a concern that the entire world economy is teetering on disaster. From an article in the Athens News yesterday: If Greece leaves the euro zone it could detonate a global financial crisis even worse…
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