By John Galt December 5, 2011 – 18:30 ET Just over 24 hours ago, I stated that it was no big deal that a UAV (drone) was lost under the presumption that it was a Predator or older technology that would be no big deal if it were lost over Iranian airspace. Now it is a big deal because it is acknowledged to be an RQ-170 Stealth Drone per this Fox News Report on info from the Pentagon: Watch the latest video at video.foxnews.com…
By John Galt December 7, 2011 – 16:50 ET Ambrose Evans-Pritchard once again dares to utter what politicians and banksters on both sides of the Atlantic and Channel do not want to hear from his column in tonight’s U.K. Telegraph: Zilch again from Merkozy From the article: No fiscal union, no Eurobonds, no ECB as lender of last resort – yet. Just the usual blather and a revamped Stability Pact (Fiskalunion). Yawn. All I can say is oh CHIT!
By John Galt December 5, 2011 – 16:45 ET From Standard & Poor’s website: RATINGS LIST To From Long-term ratings on CreditWatch negative Austria (Republic of) Sovereign Credit Rating AAA/Watch Neg/A-1+ AAA/Stable/A-1+ Belgium (Kingdom of) Sovereign Credit Rating AA/Watch Neg/A-1+ AA/Negative/A-1+ Finland (Republic of) Sovereign Credit Rating AAA/Watch Neg/A-1+ AAA/Stable/A-1+ France (Republic of) Sovereign Credit Rating AAA/Watch Neg/A-1+ AAA/Stable/A-1+ Germany (Federal Republic of) Sovereign Credit Rating AAA/Watch Neg/A-1+ AAA/Stable/A-1+ Luxembourg (Grand Duchy of) Sovereign Credit Rating AAA/Watch Neg/A-1+ AAA/Stable/A-1+ Netherlands (The) (State of) Sovereign Credit…
By John Galt December 5, 2011 – 15:20 ET And the blood from the baby seals froze into the ice… Ouch. Story breaking now on all Financial media from the Wall Street Journal and the cratering of the rally was immediate: Boom. So much for the 200 DMA and Merkel Claus. This could get interesting in Asia tonight.
By John Galt December 05, 2011 – 12:20 ET A fascinating speech from the Federal Reserve Bank of Chicago’s President Charles Evans was delivered today and just released via the Fed website: A Risk Management Approach to Monetary Policy To read the speech in full, click on the link above. Two fascinating statements from the speech caught my attention and should signal that there is a level of deep concern within the Fed hierarchy that is not being discussed by the financial media. First the…
By John Galt December 5, 2011 – 07:40 ET All is well with the world once again. Santa Merkel has hung her Grinch suit in the closet and donned her stunning old school statist outfit to prove that she can out-Bernank the Fed. Sarkozy had put on the French Poodle outfit in an obedient manner as a good lap dog for Germany would be expected to do. Of course the French President has yet to move his offices to Vichy but that’s just a matter…
By John Galt December 5, 2011 – 07:00 ET For many of my readers and listeners, this editorial endorsement might come as a shock. I have railed against Dr. Ron Paul’s foreign policy pronouncements which I feel are too short-sighted and endanger our national security. I have been disappointed by his activities regarding the playing of politics to enhance his district’s financial benefits and ghastly support of causes which hurt the United States in the long run in some areas of domestic and international politics.…
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