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A Flock of Black Swans

Filed under: Old Posts — John Galt @ 10:13 pm by John Galt August 21, 2009 From the battle lines in Extremistan, the time is growing near for these birds to swarm together as the seasons change once again. So what happens if there is one more than Black Swan event in a compressed period of time? Let’s see what could threaten this little bubble of joy and happiness that our friends in Bubblevisionland live in and what could trigger the Messiah taking that course of action that Vice-President Biden warned…


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Dualing Dollars – How would a Bifurcated United States Currency Function?

Dualing Dollars – How would a Bifurcated United States Currency Function? Filed under: Old Posts — John Galt @ 8:59 pm by John Galt August 19, 2009 A question I get quite often in my email is “When will we see the Amero?” The other version, which is of more validity in my opinion, is “When will they replace the dollar?” The latter question appears to have the idea that with the massive debt we have accumulated that at some point the United States will have to worry about either a…


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Congrats to you UAW Thug Advocates: First new Fiats to be built in Mexico! How does that bailout taste now?

Shenandoah August 18, 2009 Congrats to you UAW Thug Advocates: First new Fiats to be built in Mexico! How does that bailout taste now? Filed under: Old Posts — John Galt @ 5:30 am By John Galt August 18, 2009 From Business Week: Fiat 500 will go to Mexico Posted by: David Welch on August 17 Critics of Detroit’s carmakers could play a real game of gotcha with Chrysler. News reports today say the company will build the Fiat 500 subcompact at Chrysler’s plant in Toluca, Mexico, which builds the Chrysler…


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You Are All Pieces of Crap

Filed under: Old Posts — John Galt @ 10:25 pm by John Galt August 17, 2009 And so am I. You and I are nothing but fleshy fertilizer for the machine of a failing empire struggling to maintain relevance in a world where their own lies, deceit and energies are being applied against them and against their will. We witnessed the attempt to create a new order for the world in their own image but the intents of these clowns was to do nothing more than create a peace of their…


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The Most Under-Reported Story of the Day Which Tells the Truth About the Economy

Filed under: Old Posts — John Galt @ 1:07 am By John Galt August 15, 2009 This is from Reuters (1st paragraph): US commercial property values off 17 pct in H1-IPD Fri Aug 14, 2009 2:15pm EDT NEW YORK, Aug 14 (Reuters) – U.S. commercial real estate market values fell by more than 17 percent in the first half of the year, outstripping their decline for all of 2008, according to the Investment Property Databank (IPD). Last year, values fell 12.2 percent, according to the report released on Friday. U.S. commercial…


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An Open Letter to the 9-12 Movement and the Tea Party Participants

by John Galt August 6, 2009 Dear Participants of the 9-12 Project and Tea Parties, God Love ya’ gang. I know what you are trying to do and believe me, I think it is noble. Five years too late, but noble. I am aware that some of your groups have been hijacked by the usual screwball hypocritical RNC types and some groups are doing all they can to evict the clowns or bypass them. Others just get into lockstep and march with the liars who brought our nation to this point…


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Illusions of Our Fathers

Filed under: Old Posts — John Galt @ 5:44 am by John Galt July 31, 2009 If you refuse to think outside the box, you may soon find yourself buried in one. -John Galt, July 31, 2009 In the year 2006, an excellent movie titled “Flags of Our Fathers” was released and really hit home with the remainder of the World War II generation and many families who’s parents were raised during this time period. In that movie some myths about the great success of the war effort were dispelled and…


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A Quick Note About New Home Sales

by John Galt July 29, 2009 Since yours truly lives in the belly of the beast, I decided to see what the upper end of the new home sales report had to say. It said exactly what I expected to with the high end market still quite dead and keep in mind my fellow skeptics, the high end includes a lot of the New York, California and high end market in Florida. If you look at the data from the Commerce Department the one thing that you have to keep in…


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Smoke, Mirrors, Distortion, Hope and Change – The Earnings Pump Myth Part 1- Transportation

Shenandoah July 27, 2009 Smoke, Mirrors, Distortion, Hope and Change – The Earnings Pump Myth Part 1- Transportation Filed under: Old Posts — John Galt @ 12:39 am by John Galt July 27, 2009 Earnings Reports Give Stocks Big Boost – Washington Post, July 26, 2009 Dow tops 9000 as optimism reigns – Chicago Tribune, July 24, 2009 Beyond Dow 9,000: Pisani Sees New Bull Signs – Bubblevision aka CNBC, July 24, 2009 Bulls back as Dow closes above 9000Â Â – Christian Science Monitor, July 23, 2009 I could go…


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A Huge Dot that Will go Ignored by Bubblevision and the World

by John Galt July 22, 2009 While we sit here stunned, confused, dazed and actually quite bored by the horrid abortion committed on the English language by America’s Messiah tonight, the world continues to function. In an obscure little online news site that I follow the following headline appears: Central Bank cuts foreign assets to lowest in 5 years Why is this story a “Dot” the proverbial internet phraseology for a significant event which should trigger concern but often is ignored because it is either too hard to comprehend or just…


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Welcome to the Eye of the Storm

by John Galt July 21, 2009 The Dow has rallied nicely since March of this year. Washington, D.C. appears to be returning to the good status of “stalemate” which satifies the world. The “War against Terror” is now the police action against misguided radicals. All must be well with the world because bankster profits are off the scale and I swear Maria the Money Honey had an actual Bubblegasm reporting Apple’s earnings this afternoon. Welcome to the eye of the storm. And that storm, as displayed above, is Hurricane Wilma, the…


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Don’t Buy American

Filed under: Old Posts — John Galt @ 5:22 am by John Galt July 13, 2009 Don’t buy American! That is something that I never in a million years I thought I would ever utter, type or think about in my lifetime. As a life long Ford or Dodge truck owner at one point or another, I always dreamed of buying that next pick up with the big V8 or the small one with a four or a six when I felt practicality surpassed power, comfort or luxury. Yet here I…


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Obamarket Update #107 for June 29, 2009: Formula for Disaster

Filed under: Old Posts — John Galt @ 8:58 pm by John Galt June 29, 2009 “This market continues to be propped up by government intervention and manipulation…..” Larry Levin, Secretsoftraders.com on CNBC (Video Here) Let me get this straight; until Mr. Levin spoke today, drawing the ire of Steve Liesman in the process who also participated in that segment, few people wanted to even consider or accept the fact that the government has been active in all aspects of America’s capital markets for years now but once it becomes “obvious”…


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The Goebbelsnet

by John Galt June 27, 2009 The death of an Iranian protester. Outside of the members of that protest, the Iranian exiles worldwide, and a few “human rights” socialists, does anyone really care? No. The gift we have now and have taken for granted was seen as a “news source” and voice of freedom for exactly one week’s worth of a news cycle after the Iranian election. The mullahs and their fascistic power hungry minions thought they had the off switch to the internet under control but alas, there were gaps….



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Bernanke Remains In the Box, America Continues to Crash

By John Galt June 24, 2009 He must like it in there. Just what in the world was the FOMC thinking? Press Release Release Date: June 24, 2009 For immediate release Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Let me get this straight: 1. Housing starts and permits are at levels unseen since the mid 1960’s when our population was substantially lower. 2. General Motors and Chrysler file…


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Obamacare Will Create Even More Donut Flight

By John Galt July 24, 2009 The ongoing blubbering about America’s need for universal health care and a government program to gain control of our lives has Canadians and other nations smiling from ear to ear. The proverbial ‘flight of the donuts’ will not only insure that institutions of powdered sugar flee our nation in fear of the almighty Health Gestapo to be formed to insure you don’t have that Boston Creme instead of a Tofu Tootie, the flight will just be an acceleration of something these pages have been warning…


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Bernanke Remains In the Box, America Continues to Crash

By John Galt June 24, 2009 He must like it in there. Just what in the world was the FOMC thinking? Press Release Release Date: June 24, 2009 For immediate release Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Let me get this straight: 1. Housing starts and permits are at levels unseen since the mid 1960’s when our population was substantially lower. 2. General Motors and Chrysler file…


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How To Kill 100,000 Iranians

By John Galt June 16, 2009 From the Iranian Protests Care to wonder how this will happen? I’ve seen this movie before and as a student of this region, let me warn you: The crowds did EXACTLY what the mullahs wanted them to do. To provide a wee bit of perspective, let us flip back to 1989 in world history. Does everyone remember this guy? No, that’s not former General Motors Chairman Rick Wagoner standing in front of Obama’s anti-capitalist armored division. That is one of the most famous pictures in…


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Obamarket Update #98 for June 15, 2009: Ut-Oh Butkwheat!

Obamarket Update #98 for June 15, 2009: Ut-Oh Butkwheat! Filed under: Old Posts — John Galt @ 8:47 pm By John Galt June 15, 2009 The President freaked out today when he heard the market report from his economic team! Hopefully they can push his hair down before he speaks tomorrow about the new seizing of financial corporation’s freedoms when he introduces a new level of bureaucracy guaranteed to expedite the exodus out of our nation’s financial system. The news is not good and a lot of it will not be…


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Sarajevo, OH

By John Galt June 11, 2009 The ball rolled into the street innocently enough. Yet the four year old little girl who ran out there did not have a prayer. Milliseconds after she grabbed the red, white and blue colored plastic ball she collapsed to the pavement, her back blown out with a six inch wide exit wound as the sniper has no mercy in this conflict, no deciding who is a civilian or combatant. Harold watched from the apartment conversion on the 8th floor of the Chiquita building as the…


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Now Boarding at Gate C14: Capital Flight Airlines

by John Galt June 10, 2009 Ah a beautiful picture of a commercial airliner flying off into the sunset. Except this particular flight is only symbolic of a new phase in the financial crisis which had many a blogger and most people with any sense of sanity deeply concerned: Capital Flight I have been warning since last year about the dangers of this happening. I have been screaming that government meddling in the economy, the distortions created by the actions with Bear Stearns, Fannie and Freddie, the banks and now the…


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Greetings from The United States of Mexico

By John Galt June 3, 2009 Greetings from the United States of Mexico! The nation I am discussing is a diverse nation with great natural resources and potential but sadly, it has problems galore. Imagine a nation that has people crossing the border illegally at will, bringing the issues of its homeland with them. Think about, a land where high unemployment is the norm because the system of capitalism has been corrupted because the corporate leaders have created elite oligarchies where competition is quashed using methods both legal and illegal, to…


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What IF the TEOTWAWKI Crowd is Right?

by John Galt May 22, 2009 TEOTWAWKI Crowd: We will see gun confiscation in America and an attempt to suppress our freedoms. TPTB: That’s silly talk. REALITY: NRA video on YouTube of gun confiscation after Katrina, massive ammunition shortages, etc. TEOTWAWKI Crowd: The U.S. Government will take over private corporations and begin dictating economic policy at every level of society as the economy collapses due to greed, corruption and government interference. TPTB: The U.S. Government has no desire to run our economy and capitalism is safe. REALITY: TARP, TALF, Chrysler, GM,…


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Yugonomics – Why the New Auto Emission Initiatives Equals a Modern Day Smoot-Hawley Act

By John Galt May 21, 2009 The announcement of the new CAFE and Emissions rules by the Obama administration today has a reverberation far beyond Washington, D.C. The CAFE standards though are not the story. The focus by the media is a distraction to prevent anyone from focusing on what would amount to the largest tax increase in the history of mankind, on a society completely dependent on the internal combustion engine in the midst of the worst economic conditions since the Great Depression of the 1930’s. This is a modern…


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Blame Wisconsin

by John Galt May 14, 2009 “We stand at Armageddon, and we battle for the Lord.” -Theodore Roosevelt, August 6, 1912 final line from the speech “A Confession of Faith” before the National Progressive Party convention I wish to begin this editorial with special thanks to Glenn Beck for re-stimulating my interest in this era of American history. I have always found the period from the 1907 Panic through the creation of the Federal Reserve Bank to be instructive as well as fascinating as the ideals expressed in that time period…


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73ers

73ers April 9, 2009 By John Galt “73’s” the warm goodbye amateur radio operators give each other which means ‘best regards’ in those circles. A sort of goodbye in a very friendly sort of way which has been an established protocol for decades now. However, this is not what this article is about as I am not saying goodbye just yet. This is more to address something I have received emails and questions about regarding Glenn Beck’s 912 Project and the calls for “Tea Parties” nationwide which will be held on…


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Recovery? Nah, more Pain to Go!

Filed under: APRIL 6, 2009— John Galt @ 4:25 am by John Galt Thank you Barry. You gave us hope. I’ll shoot back with some change. You see, some people actually believe the “national” summary reports. Then again, I like to look at the big picture by dissecting the smaller ones. Instead of just using my the FRED charts from the Federal Reserve in St. Louis to look at the big national picture, I thought I would pick four states at random but not so random. The largest and third largest…


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Obamarket Update#53 for April 2, 2009: The Triple U

Filed under: Old Posts — John Galt @ 7:53 pm by John Galt Ah yes, for those who partake in The Jungle for their sports news, you know what the Triple U means; in this case though it stands for our markets today: Unimpressive, unmotivated, and underwhelming 1. Unimpressive The Dow got the 8000 level, soared past it and fell back. Not an impressive move and other indices did not fair much better. 2. Unmotivated The volume on the NYSE was a paltry 1.8 billion shares; about 600 million or more…


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Obamarket Update #52 for Wednesday, April 1, 2009: The Joke is On You Tomorrow

Obamarket Update #52 for Wednesday, April 1, 2009: The Joke is On You Tomorrow April 1, 2009 Filed under: Old Posts — John Galt @ 8:20 pm By John Galt Can we take a pause from today’s news and just play a game. Let’s assume you’re driving your GM car and you hit a brick wall 20,000 feet high and 500 miles wide. You open your car door and realize that it was not some sort of mountain or rock or wall that you hit but a prehistoric turd that has…


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Obamarket Update #49 for the Week Ending March 27, 2009

Filed under: Old Posts — John Galt @ 2:49 pm by John Galt Ah yes, another week up, another Banana Republic acknowledgment that we really are screwed as a nation. Could I even begin to make this stuff up? China, France, Bolivia and the Seychelles all said we needed a one world currency and Turbo Timmy goes “yeah, that’s the ticket.” To which the head banana bitch slapped him into next week and another (I think we’re up to number 10, 319 since January 21) clarification was issued by the warehouse…


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Obamarket Update 31 for the March 3, 2009: Hope, Change, Fallout

March 3, 2009 Obamarket Update 31 for the March 3, 2009: Hope, Change, Fallout Filed under: Old Posts — John Galt @ 10:04 pm By John Galt Yeah, it was that bad. Even though some days do not seem that bad, the volume not as nuts, the price action not so severe, yeah, some days are that bad. And we are at the bottom of this mushroom cloud, getting incinerated while listening to Cramer scream out in his final words “Obama, what the hell are you doing?” That, much like the…


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Here Come the Squadrists

By John Galt January 19, 2009 Salve, o poplod’Eori, Salve, o Patria Immorale! Son rinati I figli tuoi Con la fe’ dell’ideale. Il valor de’tuoi guerrieri, La virtu dei pionieri, la vision de l’Alighieri, oggi brilla in tt’i cuor Dell’Italia nei confini, son rifatti gli Italiani, li ha rifatti Mussolini per la guerra di domani per la gioia del lavoro per la pce e per l’alloro, per la gogna di coloro che la Patria rinnegar I poeti e gli artigiani, i signori e i containi con orgoglio d’Italiani giuran fede a…


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DOOMAGGEDON 2009

by John Galt January 2, 2009 Thank Steve Quayle for another fantastic year on the air. Thank WHRI for their professionalism and great signal. Promote Steve Melching with thanks and www.archiveondemand.com to support the program. Remind everyone that for the future we will not be on shortwave unless times change. DISCLAIMER: THIS PROGRAM IS NOT THE REFLECTION OF NOR OPINION OF STEVE QUAYLE, MY FELLOW HOSTS, THE REALITY RADIO NETWORK OR GLOBALSTAR RADIO NETWORKS. THE FINANCIAL INFORMATION PROVIDED ON THIS PROGRAM, AS ALWAYS, IS ONLY AN OPINION AND NOT A SPECIFIC…


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21 Days: Windows Opening and Closing or Imploding

By John Galt December 19, 2008 Window #1: December 19 to December 31 GMAC bank bid fails. This requires and additional bail out for Cerberus and GM to prevent a complete collapse in Chrysler and GM. If the GMAC bank bid fails and they file for bankruptcy, whatever funds provided to the automakers before Christmas will be irrelevant as the car makers lose their financing arms and no banks will step forward to bail them out due to the horrid holdings in GMAC’s portfolio. This could trigger a severe reaction as…


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When Argentina Calls Us a Banana Republic

By John Galt December 16, 2008 Prevailing wisdom on the morning of December 16, 2008 was that I would wake up, watch Bubblevision, drive to Vero Beach, FL, visit my accounts and today would be a non-eventful sort of financial market kind of day. The Federal Reserve was supposed to mark the Fed Funds Rate down to 0.50%, the Bureau of Labor Statistics would issue a report after consulting with Tinkerbelle for guidance, and CNBC would not have any kind of stroke other than Booyah Boy proclaiming he doesn’t need Viagra…


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The Cure to the Depression of 2008

By John Galt December 10, 2008 Sometimes you have to accept the premise that being the “first” in some things is not always the best. President-Elect and Grand Poobah of the United States, His Honorable Eminence, the Almighty Supreme Leader, Barrack Huessein Obama has the privilege of being the first black President of America. With privileges, come problems as he is now discovering thanks to twenty years of irresponsible banking and financial policies by his predecessors in that office, the Legislative Branches from this period, and the inept ideas engaged in…


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The Toilet Paper Survivalist

How I Became a Survivalist and Remained Squeezably Soft By John Galt December 3, 2008 In the great year of 1999, I was prepared to hunker down in my humble home with my wife and critters for the end of the world as we know it (TEOTWAWKI for all you still learning the lingo). I was cushioned by my vast supplies of rice, beans, canned foods, guns, ammo and the one thousand rolls of toilet paper which I insisted would save our lives one day. Sadly, the non-event of Y2K shattered…


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Citi of Death

By John Galt December 3, 2008 The much heralded return of bailoutmania was greeted with much ceremony and celebration by the hogs as they were fed their slop by the Fed. So with that much celebrated Sunday evening in November now near and dear to our hearts, let us review a little history as to how Citigroup ended up being the latest in the line of horror to befall the American taxpayer and why the numbers being tossed around by the Federal Reserve are one big fat lie. If anyone believes…


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Returning to Zero

On Tuesday, November 4th 2008, America Will Weep By John Galt Monday November 3, 2008 On Tuesday, America will weep. No, not the people;  the conscience of our society, the Founding Fathers, the Constitution and the fabric which united a diverse group of people into a cohesive society which emerged from serfdom to a monarch and for two hundred plus years created a shining path for capitalists and refugees the world over. And my soul from out that shadow that lies floating on the floor Shall be lifted – nevermore! -Edgar…


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