By John Galt May 31, 2011 Uh-oh, it’s that day of the week again…. Tonight, an abbreviated program with only 1 hour because I’ve been helping the team set up a new network home where we can broadcast live, take phone calls, and best of all? Bring the loyal fans the news AS IT HAPPENS, unfiltered, un-MSMed (That’s a polite way for a word you can not do to yourself), and with Constitutional viewpoints that keep you from drifting into the usual muck presented on…
Hi gang! I’ve been working on the new station so bear with me. The podcast should be up soon. Thanks,John
By John Galt May 30, 2011 The race against time is being expressed by the news which Reuters just flashed across the wires: EU racing to draft second Greek bailout: sources If the European Union fails to conclude a new agreement for the Greeks, then odds of a default rise substantially and would create instability within the European banking system. The bigger issue which has the banksters terrified in Germany, Belgium, Holland, France, and Austria is that by allowing Greece to default instead of continuing…
By John Galt May 30, 2011 Much to the chagrin of the liberal pantywaists who think that 90% of America wants to watch state sponsored pro-Marxist news and shows about earth conscious flower arranging from left wing loons, our Governor of Florida FINALLY did something that Constitutionally minded pro-freedom Americans can support (from the 5/29 NY Times): Florida Governor Vetoes PBS Funding That’s right. Gnashing of teeth. Whining. Crying. Belly-aching about that evil bastard in charge. The reality is that Florida is a…
By John Galt May 28, 2011 The nightmare report from the National Association of Realtors (NAR) yesterday was mixed with humor from Lawrence Yun and a notable shift in the double dip portion of America’s housing industry disaster. With upwards of one third of all existing home sales anchored by distressed sales, the pending home sales report usually reflects a trend of recovery or further decline and based on the four month average the market is headed for a serious deterioration as the index is…
By John Galt May 27, 2011 Hour 1 of the podcast can be heard or downloaded here. Hour 1 player: Hour 2 of the podcast can be heard or downloaded here. Hour 2 player: Thank you again for all of your support and as a live broadcast is set up for return with help from my friends, I shall keep all of you advised in these pages. -John
By John Galt May 26, 2011 Will not be heard tonight due to business issues which have terminated my relationship with the Watchmen Radio Network effective 9 p.m. ET Friday, May 27, 2011. There will be a pre-recorded program per the obligations I have made to the advertisers for tomorrow night and Monday night presented in audio format via my own content provider for your listening pleasure. Stay tuned at my website for further updates on new endeavors which will present my broadcast content…
By John Galt May 26, 2011 All you need to know why this report from the Bureau of Economic Analysis is indicating the economy is at stalling speed: - 2nd revision was the same as the advanced report at 1.8% despite a consensus of 2.2% and some estimates it would be revised as high as 2.5% or more. - Core PCE was 1.4% revised down from 1.5% indicating fading demand in the face of inflation for consumer necessities. - Current-production cash flow (net cash flow…
By John Galt May 25, 2011 Gee, is China trying to pump up precious metals prices or screw the Eurozone? This story from Bloomberg tonight: Euro Advances on Report China Interested in Buying European Bailout Bonds is an indication of the desperation of the world’s central banksters to keep the fiat merry-go-round going one more day, week, or month. The Euro did advance nicely as you can see in the chart below, but is China going to be there to bail our all of the…
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By John Galt May 25, 2011 Tonight we express doubts. In oneself. In our nation. In the future. And how it will destroy the West in the face of the most dangerous threat to freedom in world history. To listen to the show tune in from 7-9 PM ET for one of the fastest growing internet radio shows or you can download the archives after 10:o0 p.m. ET by clicking on this link. If you are unable to listen there you can also hear…
By John Galt May 25, 2011 It is truly a sad moment for those who followed Mark Haines career at CNBC. He was one of the few journalists who actually asked the hard questions and did not participate in the financial markets as either a cheerleader or reporter with an agenda. Godspeed to you Mr. Haines and may everyone pray for his family.
By John Galt May 25, 2011 Ouch. From a plus 4.4% to a 3.6% decline is a massive miss. New orders for capital goods minus defense was down 2.6% and that means the future economic growth prospects are murky at best. The full report from the Commerce Department is fairly bleak especially with the decline of 3.4% in machinery orders even though it is still above the 2010 numbers. Have no fear, QEXX.xx will save the day eventually.
By John Galt May 25, 2011 Astonishingly enough, the world is not heaping praise on Israel from preventing a murderous dictator from developing nuclear weapons. I know that seems shocking to the readers of these pages but the IAF may have saved the world from Hezbollah getting their terrorist hands on functioning atomic weapons or at least nuclear material for making dirty bombs. The Obama administration has offered no measurable mainstream commentary on this report although they are playing the “human rights” angle against the…
By John Galt May 25, 2011 From FinViz.com: The key numbers to watch are 76.60 and 75.70ish as the battle for 76 is enjoined by the JCB which wants a stronger dollar and the ECB which wants a weaker Euro to aid their exports and enable their weak institutions to borrow on the cheap. The battler for fiat insanity is being fought this summer and once the Euro breaks 1.40 with authority they will hold the lead in the devaluation sweepstakes.
By John Galt May 25, 2011 Could it be? A report indicating a 3.1% increase in the week over week unadjusted purchase index over last year, mind you last year’s number was really bad in May 2010, indicating there could be a sign of life in the mortgage industry? The MBA Weekly Report reflects just that and if we could get a sustained trend of increases it might start to save some of the remaining construction jobs in America.
By John Galt May 24, 2011 First, read the propaganda from the MSM: Home Sales Buoy Hopes for Real Estate Wall Street Journal - Robbie Whelan US new home sales at 4-month high, supply drops Economic Times New Home Sales Pick Up For Second Straight Month NPR U.S. April new home sales up 7.3% MarketWatch - Greg Robb New home sales up in all regions, inventory at historic lows AgentGenius The last headline is particularly amusing because when you break down the truth of the inventory story…
More on the news of the day later gang but I’m knee deep in gators and working on some business issues so please standby while I get some things squared away. Thanks, John
You can download the program by clicking on this link. Thank you for supporting the Watchmen Radio Network.
By John Galt May 23, 2011 The report from the Federal Reserve Bank of Chicago on the economy (CFNAI-Click here for the full report .pdf) is brutal. The reading came in at a -0.45, the worst reading since the -0.53 reading of August 2010. Only the employment aspect of the report showed an increase and that could be a part time hiring spree based on seasonal factors rather than sustained economic growth. Buckle up as it would appear we are heading into the recession that…
By John Galt May 23, 2011 The following chart from FinViz.com says it all: If the markets close above 76 or 77 today, odds are we could see the US dollar index rally past the 80 level within the next two weeks. That being established, this is a huge move which will create massive pressure on profits for U.S. multinationals and squeeze their margins even further. This move could also parallel the recent parabolic moves witnessed in some commodities which resulted in sharp 3-5% moves…
By John Galt May 23, 2011 For once, S&P is a little proactive even if they are late to the party. The bigger questions are when do they start downgrading Belgium and the other nations hiding behind the PIIGS crisis. Right now the Italian FTSE-MIB index is down 2.92% which I would consider a major bad meatball in the pasta there. The crisis is just now cranking up and as the Italian market careens towards 20,000 then 15,000 as the economic situation worsens in the…
By John Galt May 23, 2011 Vladimir Putin, the former KGB singing sensation, spurned the GOP and instead has elected to run for the President of Russia once again. The full story can be found in this story from The Australian: Putin decides to retake presidency The crisis in Russia is more of confidence rather than a growing economic crisis as Medvedev has given the appearance of weakness on the international stage, something which is totally unacceptable to the Russian people. On the flip…
By John Galt May 23, 2011 The results from the elections in Spain were pretty much as expected but now the concerns over the Eurozone are front and center once again. Italy’s downgrade by S&P, Greece agreeing not to restructure their debts (which means eventual default, IMHO), and the worries over the real condition of the municipal budgets in numerous cities in Spain have all created the perfect Forex storm to sell the Euro. Chart from FinViz.com: After testing the 1.39 level again it…
By John Galt May 22, 2011 The outcome of today’s Spanish elections after a week of heavy and illegal protesting will tell the tale of the tape for the currency markets and the long festering problems of the PIIGS. With S&P downgrading Italy on Friday night (See WSJ- “S&P Lowers Outlook on Italy to Negative on Debt-Plan Risks”), the outcome of this election could well determine the future of the Eurozone as Spain has been declared the line of demarcation and the banksters know that…
My apologies for the brief outage as one of the plugins (WordTwit) caused the system to barf. Should be back to normal now! -John
By John Galt May 21, 2011 Although I won’t be in the Florida Keys to enjoy this glorious sunrise or one like it tomorrow, I will be here and enjoy the view from beautiful Florida. While the gentleman from Family Radio may have been bold, on the cutting edge, and quite possibly seeking glory in his prediction for TEOTWAWKI today, that book which many non-believers find “pesky” did state that the day and time will be a secret. So enjoy this sunrise from one of…
By John Galt May 21, 2011 Just to make things clear, I do not believe this organization knows who, what, when, or where because the book did sort of spell out that no man would know despite his proclamations. WYFR is the international and domestic broadcasting arm for Harold Camping’s religious organization and the station should broadcast the event or something related to the event throughout the day. With all of that in mind, here is a link to all of their frequencies, languages, and…
By John Galt May 20, 2011 Yes I’m live, no my computer isn’t so much, yes I have questions, news and not a bad parody of the Capital One commercials. Plus we crank up APOCALYPSE PARTY 2011 at 7 p.m. EDT sharp! On the survival hour in hour number two we’ll talk Tool Time. Got a hammer? Good. A screwdriver? Good. A machete? No? You’re toast. More only on the Voice of Galt tonight…… To listen to the show tune in from 7-9 PM…
Watch. Enjoy. Understand why Ben Stein’s editorial is asinine. The Daily Show Tags: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook
By John Galt May 20, 2011 In 1962 the Soviet Union constructed Intermediate Range Ballistic Missile (IRBM) launchers 90 miles off of the coast of Florida in a blatant act to escalate the Cold War and bluff the United States into strategic concessions including arms negotiations because of the nuclear arms race that we were not prepared to make. Fast forward to the news this week from the German magazine Der Welt via The Jerusalem Post: ‘Die Welt’: Iran building rocket bases in Venezuela This…
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By John Galt May 19, 2011 This afternoon the President of the United States placed the entire world on a path to global conflict. Tune in to hear the financial implications, geopolitical impact, and how you need to prepare your family for a global conflict where no nation is safe, free, or able to evade the battlefield. To listen to the show tune in from 7-9 PM ET for one of the fastest growing internet radio shows or you can download the archives after 10:o0…
By John Galt May 19, 2011 From the Arab News of Saudi Arabia this morning: Smuggling hits gasoline supplies in Riyadh region RIYADH: Shortage of gasoline type 95 in some regions in the Kingdom may develop into a crisis if suppliers do not quickly inject enough of it to the gas stations, local Arabic daily Al-Riyadh newspaper reported Tuesday. Especially in Riyadh region, there is a supply shortage. The newspaper said the owners of gas stations expressed fears that a real crisis might crop up…
By John Galt May 19, 2011 Double bombing kills 17 Iraqi police Officials say twin blasts appeared timed to lure cops out of fortified headquarters; 53 more wounded Click on the link above to read the full story via CBS News. This is a huge story as Kirkuk is at the center of the conflict between the Kurds and Iraq central government. If this is an act by Kurdish radicals, there will be calls for a larger Sunni Iraqi military presence in the city. If…
You can download the program by clicking on this link. Thank you for supporting the Watchmen Radio Network.
By John Galt May 18, 2011 To listen to the show tune in from 7-9 PM ET for one of the fastest growing internet radio shows or you can download the archives after 10:o0 p.m. ET by clicking on this link. If you are unable to listen there you can also hear us on SHOUTCAST by clicking on this link just scroll down until you see “THEWATCHMEN.FM” and click on the blue and white circle with the arrow to listen. 1. You can call…
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