by John Galt May 9, 2012 18:25 ET From Reuters: Equity funds lose most since start of year -ICI How bad was it? From the article: Oops. So much for the CNBC propaganda.
Finally Bloomberg News realizes the threat of Capital Controls
by John Galt May 8, 2012 19:30 ET Finally, some two years after Zero Hedge and these pages warned about the imposition of capital controls in the United States to prevent the flight of wealth out of our nation, Bloomberg News finally realizes that this de facto capital controls are already in effect. Bloomberg published the following story this afternoon about the dilemma FACTA created: U.S. Millionaires Told Go Away as Tax Evasion Rule Looms When I first published the following...
The Avengers Zing Senator Chuck Schumer D-NY
by John Galt May 7, 2012 19:25ET The old guy decided to go the movies this weekend and guess what? As an old fart who enjoys the comic book genre, AND as the heroes were from my generation, the enjoyment of watching The Avengers was truly a special treat. However, the funniest scene is reserved to those that pay attention to detail. (Spoiler Alert) After the grand battle scene where the good guys win, there is a scene...
Greek and Cypriot Stock Markets Imploding this Morning
by John Galt May 7, 2012 05:25 ET With the election results indicating a shift of Greek public sentiment away from austerity and their Euro masters, the investing public (aka banksters) are getting the hell out of dodge. The Athens stock market opened up down 8% but has stabilized at just over 6% down at this time: While that might seem ugly, the nation of Cyprus, whose fortunes are tied to the nation of Greece in more ways than economics but as...
Elections have Consequences – Ask the Euro Longs for Proof
by John Galt May 6, 2012 19:15 ET US Equity futures as of a 1/2 hour ago: That was not hard to predict. Neither was the emergence of anti-austerity leftist and extreme right wing parties becoming viable in Europe. As a result of the elections in France, Germany (local), Greece, and Serbia, it would appear the Euro will be punished severely and traders have broken out the chairs and whips tonight: That chart looks good compared to the reaction of...
5.6.12 AEP: Francois Hollande has ten weeks to avert a French bond crisis
by John Galt May 6, 2012 15:25 ET Ambrose Evans-Pritchard sounds off in his new commentary in tonight’s U.K. Telegraph with a resounding shot across the bow of continental Europe and what could be an indication that a new wave of capital flight is about to begin. The commentary may well bear some truth sooner than speculated as the investors have been piling monies into the U.S. Treasury market and gold in the face of a slowing U.S. economy. The extract below...
Greek Exit Polls indicate a Radical Shift underway
by John Galt May 6, 2012 12:58 ET From the newspaper Protothema: It does not take much imagination to figure out some of the party symbols such as the Communists K.K.E. or the Neo-Nazi Golden Dawn (XP.AYTH) but here is the breakdown of the poll from the newspaper story which is creating a huge stir in the Greek online community: ND, PASOK and SYRIZA head to head! 06/05/2012 19:00 Unprecedented election thriller show the exit polls. ND, PASOK and SYRIZA move...
Gold is Sending a Dire Economic Warning
by John Galt May 6, 2012 12:25 ET There are many people willing to deny basic economic reality or the news that the manipulated government data points from around the world are sending, however gold and the gold ETF (GLD) continues to flash a warning clarion that can not be missed by any observer. Unfortunately for the naysayers, gold is still the final resting place for value and is indeed viewed as the alternative world currency by major economic powers such as China...
For the Radio Audience: Do you prefer the V of Galt or OverMountain Radio
by John Galt May 6, 2012 10:45 ET The question for my radio audience is quite simple: Do you prefer the old V of Galt or new OverMountain Radio Format?
Israeli TASE follows US Markets down 1.76% Today
by John Galt May 6, 2012 09:50 ET The Israeli TASE Stock Market has followed the Dow and S&P 500 and the downside swoon after Friday’s disappointing NFP numbers with a 1.76% decline of its own today: With the elections in France and Greece along with the instability in U.S. Markets equity trading worldwide could become very volatile as the results are announced tonight. Stay tuned as information begins to fly in from the two European nations in turmoil as election...
05.02.12 OverMountain Radio with John Galt: The Good, the Very Bad, the Damned Ugly
by John Galt May 2, 2012 19:00 ET My God, what have we done. 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.
4.26.12 HARD*CORE*NEWS
by John Galt April 26, 2012 21:30 ET Click on any link below to read the story in full: Group: Michelle Obama’s Spain trip cost taxpayers $467k Miami’s vice: Nearly 300 never-driven Priuses found After Arguments, Trial Judge Rules for Legislature in Power Struggle EXCLUSIVE: DOES THIS GIRL LOOK LIKE A TERRORIST? Secret Service expands misconduct probe to El Salvador: lawmakers Secret Service Repaired Personal Cars Instead of Presidential Limos Official: Israel, others could strike Iran Japanese gov is shifting from decontamination...
And Here are the Kitty and other Critter Pictures as promised
by John Galt April 26, 2012 19:00 ET I wish to thank the fine folks over at the Big Cat Habitat in Sarasota, Florida for allowing this photography class and behind the fence views of these beautiful animals. Gang, we, what’s left of the decent humans, are all that is left to preserve the gifts that God via Mother Nature has given us. If you wish to learn more about the habitat or donate to them, please click on the link below as they...
4.25.12 HARD*CORE*NEWS
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...
4.25.12 OverMountain Radio: Live, Refreshed, and a typical AWM News Review
By John Galt April 25, 2012 – 18:45 ET Back. Live. Relaxed. And carrying over a theme of impending doom. However, Mother Nature gave me inspiration and hope as did those citizens who attempt to save God’s exotic creatures like this one: I wish to thank the Big Cat Habitat of Florida for allowing this photography class and such close contact with the animals. They were beautiful and a humbling reminder as to the beauty that the Good Lord has provided for us to...
4.23.12 HARDCORE News
by John Galt April 23, 2012 22:00 ET Click on the links below to read the stories in full: Egypt’s military leader responds to Lieberman with threat of violence Gaza Rockets Fired at Israel Barak: We’re not playing games when we prepare for a possible strike at Iran 1 in 2 new graduates are jobless or underemployed Hollande beats Sarkozy in French vote N. Korea military vows ‘special actions’ soon Observer: N. Korea may test uranium device Illinois ‘Treads Water’ as Unpaid...
4.19.12 HARDCORE News
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...
4.19.12 AEP: George Soros and the Bundesbank’s Patriotic Putsch
by John Galt April 19, 2012 23:00 ET Tonight’s entry from Ambrose Evans-Pritchard contains not one, but two veiled warnings about the potential for another round of deflationary deleveraging which will stall the U.S. economy if not put it into outright recession, albeit brief, and destroy the European Union should it occur. This one excerpt from George Soros’ commentary within the story should be alarming to U.S. government officials because it is a warning shot across the bow: George Soros has launched all-out...
Ford Continues to add jobs during the Economic Recovery
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...
Municide Update: Apparently the first (of many to come) Public Pension Fund filed for Bankruptcy Today
by John Galt April 19, 2012 19:15 ET In 2008, I wrote a piece titled “Municide” (Click on link to read in full) where I outlined the coming collapse of many counties, cities, and other municipal entities due to the implosion of the municipal bond market thanks to the collapse of the real estate market. Data today indicates that the housing market is far from recovering, especially considering that institutions like Bank of America saw a stunning 72% decline from last years mortgage...
4.18.12 HARDCORE News Update
by John Galt April 18, 2012 23:55 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: PM: Israel obligated to prevent nuclear-armed Iran Secret Service Agents Forced Out Amid Prostitution Investigation Colombian Escort Details Her Encounter With Secret Service Agent National Guard withdrawing 900 troops from U.S.-Mexico border CSX Furloughs Some Employees Due to Weak Coal Shipments Court says Arizona can demand voter...
Israeli War Game Scenario: Iranian Nuclear Program Set back 7 Years
by John Galt April 17, 2012 22:30 ET While the American public is glued to the latest edition of Jersey Shore: Secret Service Style, the world is moving closer to a disaster in the Middle East which will change the shape of U.S. foreign policy for the next fifty years. The newspaper Makor Rishon assembled various former government officials, retired military, and professors to determine a likely outcome to an Israeli surprise attack on October 16, 2012. The net results of the attack...
4.17.12 HARDCORE News
by John Galt April 17, 2012 21:45 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: Australian Troops To Exit Afghanistan Early: PM HHS wants fingerprint checks on health providers to detect fraud No Taxes, No Travel: Why the IRS Wants the Right to Seize Your Passport Economic Recovery and Clean Air Do Not Mix China Says It May Reduce Role of Foreign...
4.17.12 OverMountain Radio: The Empire of Decline
By John Galt April 17, 2012 – 19:00 ET And just as the British, Roman, and Arab Empires declined and fell in history, the Empire of America is changing into an empire of decline. Tune in at 8 p.m. ET for the latest HARDCORE NEWS, financial reports, and a scathing look at a new FEMA report on how to encourage civilian participation which would make the Stasi oh so proud. Remember the Sermon and Muster call! Just click on the banner below to find...
The Blackhawk Helicopters over Chicago have been Spotted in Florida Also
by John Galt April 17, 2012 13:00 ET This video from MyFox 13 in Chicago, IL is all the rage today on Drudge and elsewhere on the web: Blackhawks Circle Low Through Chicago Skies as Secret Service Releases Security Details: MyFoxCHICAGO.com Look familiar? It should if my regular readers have stayed current by referring to an article I penned on April 26, 2011 which has a very similar video (embedded in the story) where black helicopters from DHS engaged in a “routine military...
4.16.12 AEP: Nicolas Sarkozy lambasts ECB’s rigid policies
by John Galt April 16, 2012 21:55 ET Tonight’s commentary from Ambrose Evans-Pritchard demonstrates the fallacy of central banking during an election season in a nation or continent experiencing economic woe. The ECB has become the target of Nicolas Sarkozy as the Communist candidate, Hollande, is smoking him in every poll and it would appear that the French are refusing to follow Sarkozy’s surrender to Germany and demanding a strong turn to the left. The consequences of France’s hope and change movement are...
OverMountain Radio Hardcore News Summary April 16, 2012
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...
The Voice has Changed to: OverMountain Radio
By John Galt April 16, 2012 – 18:00 ET Tonight at 8 p.m. Eastern, a once and only history lesson of how less than 3% of the inhabitants of a young nation founded the first Republic on American soil; before 1776. This story needs to be told because the dangers our Republic face today are as tragic and severe as the risks of Indians and Red Coats of that era. To understand where this show is heading, I present to you the Sermon...
04.15.12 – Saudi Markets down 2.34%, Israel down 1.80%
by John Galt April 15, 2012 10:15 ET Don’t worry, be happy. The markets will turn around just as soon as Uncle Ben proclaims “We are the World” (Catchy song title, eh?) and buys every equity from any exchange on the planet Earth. The Saudi Arabian TASI seems to indicate further pain for Asian and US equity markets on Monday: (click on thumbnails to enlarge graphs) With the Israeli TASE down 1.80% it doesn’t look like any serious relief is forthcoming when Japan...
BREAKING NEWS: North Korean Rocket Launch Fails
by John Galt April 12, 2012 19:30 ET The theory that porn and Iranian missile technology will create a viable ICBM, er, satellite for the nutty North Korean dictator has blown apart again. Per numerous news sources, the launch of the Unha-3 rocket did fail in mid-flight, failing to launch the satellite into orbit. The question becomes now did it really fail or did we “fail” the launch using some secret technology as pictured above…. Latest story from Reuters at the link below:...
George Zimmerman meet Leo Katzenberger
by John Galt April 11, 2012 22:00 ET Tonight the media and mob got their wish. George Zimmerman was charged, arrested, and jailed for allegedly committing the act of Second Degree Murder as Special Prosecutor Angela Corey announced this evening. Mr. Zimmerman turned himself in believing that America is still a land of due process and following the rule of law, something he will learn otherwise as this trial moves forward. As most great empires fade into history the first of many things...
4.8.12 Ambrose Evans-Pritchard: Gold crash on Fed tightening and euro salvation looks premature
by John Galt April 8, 2012 20:50 ET And here we all were expecting gold to become a worthless relic and tanking to $100 per ounce if we believed every talking head in the regime, the Fed, and various Bubblevisions. Ambrose Evans-Pritchard unloads a power salvo in tonight’s commentary in the U.K. Telegraph: Gold crash on Fed tightening and euro salvation looks premature (Click on the title above to read the column in full) Just when everyone assumed the Fed had a clue in...
4.8.12 Sunday Evening US Futures look ugly BUT
by John Galt April 8, 2012 20:00 ET A quick heads up: US equity futures are averaging a decline between 120-140 Dow points at the open, 15-18 S&P 500 points. (Quotes from FINVIZ.com) Gold is also anticipating a weak US open but not with the type of dramatic move one would expect: (Quote from FOREXPROS.com) Depending on how China and Europe behave, tomorrow could be very interesting or more than likely a sharp opening decline followed by a weak rally recovering half of...
4.8.12 Middle East Markets: Mixed but generally Down
by John Galt April 8, 2012 11:00 ET The anticipation building up for the open of U.S. futures tonight is highlighted by the action in the Israeli and Arab markets which were open for trading today. In lieu of the non-farm payroll data, the theory is that there will be a decent sized plunge at the open of the US markets. The Saudi market probably illustrates the pattern the S&P 500 and DJIA will probably take; a sharp dive at the open with an...
Study: Radioactive water to reach Hawaii in 2 years
by John Galt April 4, 2012 23:30 ET Thankfully, the crisis is contained (allegedly). Just like the financial crisis. Check this story and graphics package out from The Asahi Shimbum: Study: Radioactive water to reach Hawaii in 2 years (click on the title above to read the original sourcing for the article) From the article by Takashi Sugimoto: Water contaminated by radioactivity that entered the sea from the Fukushima No. 1 nuclear plant will reach the Hawaiian Islands in March 2014, according to...
Stocks Decline today BUT this Isn’t the Big One
by John Galt April 4, 2012 23:00 ET The United States Equity Markets declined today. Now that Mr. Obvious has spoken… Gang, I’ll be the first to admit that technical analysis of THESE markets is an insane, stupid, waste of time. When the Federal Reserve is buying, logic, fundamentals, and technical analysis goes out the window. With that being established, Mr. Bernanke said the following in the FOMC minutes released this week: Now that the fun and games are over with, let’s address...
The Latin Spring has Begun
by John Galt April 4, 2012 19:20 ET On December 17, 2010, a previously unknown street vendor named Mohamed Bouazizi walked out into the streets of Tunis and in protest of continued government interference and overbearing policies, set himself on fire. This act of self immolation set the entire Arab world on fire, causing romantic Western political imbeciles to think that this action and the political protests which followed were the acts of Islamic versions of George Washington and deserved the unqualified support...
The 5th Circuit Court of Appeals Sets the Obama Administration Straight
by John Galt April 4, 2012 18:00 ET Yesterday afternoon Judge Jerry Smith of the 5th Circuit Court of Appeals dared to do the unimaginable: He warned the Obama administration that they are not above the U.S. Constitution and demanded an explanation as to why they think they are. Listen to the exchange below and get your chuckle of the week.
Fukushima Radioactive Debris Moved Rapidly into Pacific Ocean
by John Galt April 3, 2012 05:30 ET Thankfully, it is as contained as the financial crisis. Or is it? The lies being told to the American and Japanese public since the Fukushima disaster are well documented in various news sources around the world but no one wishes to address the long term threat. This morning in a Voice of America article, the news gets much worse: New Data Show Fukushima Radiation Moved Rapidly Out Into Pacific Ocean (click on the title above...
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