Monthly Archives: April 2011

The Largest Detention Camp in World History is Almost Complete

The Largest Detention Camp in World History is Almost Complete

  By John Galt April 26, 2011 In the world of talk radio, the internet, and various other media outlets there have been legends of FEMA camps under construction throughout the United States, stories about U.N. troops training to round up United States citizens, and concoctions which make for fascinating fiction but little if any fact to support the various stories. In reality each of these stories unfortunately carry a kernel of truth within them, a factoid which stimulates the imagination but fails to capitalize…

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The Greek Budget Travesty Continues-Deficit far Higher than Expected

The Greek Budget Travesty Continues-Deficit far Higher than Expected

  Read it and weep from the Wall Street Journal:   Greece’s Budget Deficit Higher Than Expected APRIL 26, 2011, 7:56 A.M. ET WALL ST JOURNAL By MATTHEW DALTON And LAURENCE NORMAN BRUSSELS—Greece’s budget deficit in 2010 was 10.5% of gross domestic product, significantly larger than forecast by either the Greek government or the European Union authorities, Eurostat, the EU’s official statistics agency, said Tuesday. Needless to say this Greek tragedy is going to end the entire EU con game and force the creation of…

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China Decides to Invest it’s Fiat Dollar War Chest in Real Commodities

China Decides to Invest it’s Fiat Dollar War Chest in Real Commodities

  By John Galt April 26, 2011 It was destined to be another quiet night on the international markets with Japan and Europe desperate to create a temporary dollar rally and the Fed more than happy to help where they could. Then from the other side of the globe an explosive headline from China Daily’s Tuesday edition: ‘New funds considered’ to protect reserves That sounds like a direct shot at one Ben Bernanke and the Federal Ponzi Reserve’s QE strategy but as one digs through…

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The most Dangerous and Ignored Conflict in the World Continues to Expand

The most Dangerous and Ignored Conflict in the World Continues to Expand

  Despite the relatively unfounded fears of a crisis enveloping the Kingdom of Saudi Arabia, the ongoing conflict between Thailand and Cambodia which threatens two U.S. allies and could open the door to Communist Chinese intervention in the region again is flaring up. This time there is word that the reserves are being called up in both nation’s military and the potential for a full blown mobilization could be starting soon. The latest from this dangers and ignored war from Reuters tonight:   Thai, Cambodian…

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4-25 Market Deathburger Video

4-25 Market Deathburger Video

(Just a renewed posting to test the new web page)

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March 2011 New Home Sales: Improvement BUT

March 2011 New Home Sales: Improvement BUT

  By John Galt April 25, 2011 The statement from the Bureau of the Census via the Department of Commerce is pretty stark: Sales of new single-family houses in March 2011 were at a seasonally adjusted annual rate of 300,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.1 percent (±21.7%)* above the revised February rate of 270,000, but is 21.9 percent (±10.3%) below the March 2010 estimate of 384,000. The news…

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The Housing Price Crash Continues per RadarLogic

The Housing Price Crash Continues per RadarLogic

  By John Galt April 21, 2011 And the hits keep on coming (from Housing Wire): RadarLogic home prices hit lowest level since 2003   All I can add is “you ain’t seen nothing yet” to quote BTO and folks when that headline replaces 2003 with 1995 or 1996, that is when we will probably be close to a bottom in real estate.

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Economic Recovery News for an Easter Holiday

Economic Recovery News for an Easter Holiday

    By John Galt April 21, 2011 If this is a recovery, I can’t wait to see the next recession, er, depression, er bubble boom….. MLB Takes Over Dodgers Operations Lee County’s $340 million foreclosure auction draws no serious bids Commercial real estate makes up 77% of troubled loans at failed banks Rising food costs spur massive US theft of produce, meat NM Symphony Orchestra Files Chapter 7 Bankruptcy Scovill Fasteners Seeks Bankruptcy Protection to Sell Assets (209 year old Company) Maronda Homes of…

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Congressman Paul Ryan’s Big Lie

By John Galt April 18, 2011 Truly, this is one of those entries I did not wish to make. After returning from my trip this past week I decided to take the time to study Congressman Paul Ryan’s A Roadmap for America’s Future which even includes the flashy splashy easy to view front page for all to see:   There are marked differences between the original “roadmap” as proposed originally and the The Path to Prosperity: Restoring America’s Promise, most notably of which was the…

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Don’t Worry, Be Happy, er, Never Mind, $3.6 Trillion Reasons to Panic

Don’t Worry, Be Happy, er, Never Mind, $3.6 Trillion Reasons to Panic

  April 14, 2011 Despite reassurances that they have the massive global financial forest fire under control, reality is speaking with a punishing story from Reuters last night: Banks Face $3.6 Trillion ‘Wall’ of Debt: IMF Published: Wednesday, 13 Apr 2011 | 11:59 PM ET REUTERS The world’s banks face a $3.6 trillion “wall of maturing debt” in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday. Oops. Maybe all those central banksters buying gold and…

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Gas and Diesel Prices Indicate Another Economic Crash: 2008 Redux

Gas and Diesel Prices Indicate Another Economic Crash: 2008 Redux

  By John Galt April 11, 2011 The myth that the American consumer is back being perpetuated by the financial infomercial networks and our government is about to be shattered once again. The proclamations by Fed governors that we the people are participating more in the economic engine ignores the declines in compensation compared to inflation since 2002 when the Fed and U.S. government elected to inflate the system at all costs rather than face a necessary recession to flush the system. This policy continued…

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The Housing Crisis will not End Until 2020

The Housing Crisis will not End Until 2020

  By John Galt April 11, 2011 And 2020 might be conservative…. Despite the prognosis from the mouth flapping pantloads of D.C. and Wall Street, the American real estate market is close to a decade away from recovery; if not longer. The popular proclamations from the National Association of Realtors is that the existing home sales should increase 5 to 10% this year which is akin to saying we’ve climbed ten feet up from the bottom of a one hundred foot well we’ve fallen into.…

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The Growing Cat Calls for a NWO, er, New World Currency

The Growing Cat Calls for a NWO, er, New World Currency

    April 10, 2011 John Galt The headlines and stories keep flying off the wires yet few listen or pay attention to the implications or their meaning. Bloomberg dropped a not so subtle hint as to the coming agenda of the power elite earlier today: Stiglitz Urges New Global Reserve Currency to Stem Imbalances By John Detrixhe and Sara Eisen – Apr 10, 2011 12:51 PM ET BLOOMBERG The world economy needs a new global reserve currency to help prevent trade imbalances that are…

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Did Saudi Arabia have Glenn Beck Fired from Fox News?

Did Saudi Arabia have Glenn Beck Fired from Fox News?

  By John Galt April 8, 2011 First, you’ll need to bear with me as each section has its own chalkboard, so let’s start with the nation’s involved: This of course introduces the most obvious of questions: Why would China, Russia, and Saudi Arabia want Glenn Beck fired? In due time I think I can explain that satisfactorily. Just remember that in the mainstream media, which Fox News and News Corp. represent, when a relationship goes south it is not labeled a firing or termination…

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April 4, 2011 Deathburger Economic Report

April 4, 2011 Deathburger Economic Report

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