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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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Closed for Business

By John Galt October 26, 2008 The first section of this essay is a look into a possible future our society might encounter in the months, or perhaps weeks, ahead. Mary Jo Schlumpunfunk (with all kudos to Glenn Beck) was driving home from work in the suddenly cold November air of her home town of Jeffersonville, Indiana. Mary Jo was sick and tired of listening to the depressing news about all the problems all those rich bankers and Wall Street types were having so instead of listening to the news station,…


Broken Glass

By John Galt Sunday, September 14, 2008 The photo of the JP Morgan Chase building in Houston, TX with all of the broken windows thanks to Hurricane Ike is the perfect metaphor for our shattered financial system. The symbolism of the fractured chunk of a window in the photo above is the ultimate image for describing what is happening to our economy and worse an indication of the destroyed solvency of the Federal Reserve banking concept. The irony is that it was good old J.P. Morgan who concocted and promoted the…


Gold $2000 Thanks to Fannie and Freddie

By John Galt August 25, 2008 Here you go again! It does not take this author, blogger, semi-sane writer and all around nice guy (cough) much to imagine just what people are thinking when they read the title of this editorial. The emails will say “oh but you’re pimping gold because you are selling it into the highs and running for your mountain cave with 40 years of supplies to emerge only do discover the apes have taken over and you’re going to battle them as a bitter old man while…


Prepetorial#21: Wet Foot, Dry Foot

By John Galt August 3, 2008 Juan and Isabella were exhausted, but the land they had been seeking for escape finally appeared over the horizon. The lights of the big city were way off to the West so they figured that their little boat with thirteen other refugees was safe and sound. Once they were ashore the group pushed the boat back out to sea and started to move inland, hoping to find some safety inland and to merge with the local population to find the underground help stations rumored to…


Prepetorial #20: ..-. .- .-.. .-.. – – – ..- –

By John Galt July 30, 2008 Sheriff Mack walked calmly into the Mayor’s office with a hurried manner in his face. Mayor Williams looked at him and asked immediately “What’s wrong Bill?” The Sheriff took his hat off and unzipped his coat while responding “Tom, we’re getting reports that Minneapolis and Chicago just got nuked. No further news as the EAS sounded on the Eau Claire and Stevens Point stations then nothing. Every station on FM and AM were off the air and power is out citywide” The Mayor calmly walked…


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Prepetorial #19: “Preppyers”

Filed under: Prepetorials — John Galt @ 2:52 am Prepetorial #19: “Preppyers” July 25, 2008 by John Galt Tonya and Tony were exhausted. They had hiked for an over an hour to the outskirts of Ellisville, MS after abandoning their X5 SUV just outside of Richton, out of gas and too dangerous to keep driving as it attracted too much attention. They had followed all of the advice of their best instincts reading books on the “new survivalism” but when the time came to bug out of their comfortable north Atlanta…


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How Now, Dollar Dead Sacred Cow?

By John Galt July 24, 2008 Ah thank you oh former Bear Stearns cheerleader Christopher Cox who occasionally fills in as the “ENFORCER” at the Securities and Exchange Commission when he is not on Bubblevision promoting a particular stock which needs a bailout. It is the special order issued from up on high and the absurd way in which the media has been promoting it that inspired the “Sacred Cow” which can not be gored per the Grand Pooh-Bahs up on high. The funny thing is that as I listen to…


Prepetorial#18: Vienna Weiners

Prepetorial#18: Vienna Weiners By John Galt July 17, 2008 The little store marked “Joe’s 24” sitting off Highway 87 near Jay, FL has changed hands a few times in the last 4 years, but now in 2010, it became the meeting place for everyone crossing from Alabama into Florida and vice versa to get goods and gas. This little country store had become a symbol of the resilience of American ingenuity and business acumen because despite the food and gas ration programs, Joe always had enough gas and stock to meet…


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WaMu WaWhacked!

Filed under: Old Posts — @23:53 July 14, 2008 By John Galt Down 77 cents in that chart but $1 real time now. Think some people have finally put 2+2 together and realized that they held a similar, not identical, but similar portfolio to Indymac? It does not take rocket science to figure out that these bankster stocks are dropping for a reason. For everyone’s sanity and sake, do not be a sheeple and pay attention to what is happening. Do not have more than the insured $100,000 in any one…


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It’s the Solvency Stupid

July 8, 2008 It’s the Solvency Stupid Filed under: Old Posts — John Galt @ 9:12 am By John Galt There has been a lot of speculation and postulation by the Bubblevision crowd and those declaring a bottom every fifteen minutes on television and radio that the housing crisis is almost over and that as soon as lending standards stabilize a recovery will ensue. The problem that I have been screaming about and warning about since 2006 is that you can not loan money to people who do not qualify for…


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It’s the Solvency Stupid

Filed under: Old Posts — John Galt @ 9:12 am By John Galt July 8, 2008 There has been a lot of speculation and postulation by the Bubblevision crowd and those declaring a bottom every fifteen minutes on television and radio that the housing crisis is almost over and that as soon as lending standards stabilize a recovery will ensue. The problem that I have been screaming about and warning about since 2006 is that you can not loan money to people who do not qualify for it and you can…


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The U.S. is now Officially a Banana Republic

Filed under: Old Posts — John Galt @ 9:47 am by John Galt June 30, 2008 This week will bring my review of how I did on my December 28th prediction program on the Q-Files but the news last night sort of hacked me off just a wee bit. Our nation is now officially nothing more than an overgrown banana republic with a lot of large crumbling interstates and some really foolish people managing our nation’s affairs. It is our fault, our parent’s fault, and anyone who has voted since 1932…


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300 Million Reasons America is So Screwed

Filed under: Old Posts — John Galt @ 9:14 am By John Galt June 24, 2008 The headline from Reuters said it all: McCain calls for $300 million prize for car battery Just ugh. This guy just does not get it. When the American people screamed out that we really liked our First Amendment, he and his socialist buddies passed McCain-Feingold and told us to shut up and take our cod liver oil. When we screamed about the border being a free fire disease ridden war zone we were basically told…


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Bloviating Bovine Scattology and Blathering Boosts of Sour

Filed under: Old Posts — John Galt @ 1:34 am Ali Haider/European Pressphoto Agency By John Galt June 23, 2008 It was a dark and rainy night. Or at least afternoon here in the sunshine state of Florida. What was fascinating about this rainy, sleepy Sunday was waiting for the “big” news from the Arab division of the U.S. Central Banking Association and their meeting in Jeddah. The news you ask? Same news as we heard on November 26, 2007 where oil was at the shocking $97 per barrel level. Just…


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THE C.S.A. SHALL RISE AGAIN

Filed under: Old Posts — John Galt @ 9:07 am By John Galt June 20, 2008 Nope, sorry Bob, not your C.S.A. But you were a fine man for your time in an unfortunate intersection in history. This is the story about a nation which some three hundred years ago was a colony. Not since this map below from circa 1710 have we ever had to consider America as a colonial territory. Based on the amount of debt, the monies we owe and the souls we are willing to sell, it…


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Old News Anew Again

Filed under: Old Posts — John Galt @ 9:06 am by John Galt June 19, 2008 Beware the Ides of June. Maybe it was something in the water or another saying but this month is turning out to make March of this year look tame by comparison. Rumors abound. Markets way out of whack. And the only thing consistent is the ability of Bubblevision and its minions to find sure fire new ways for you to lose money and the American sheeple ignoring the root of the problem, a corrupt private…


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The Dying Dollar

Filed under: Old Posts — John Galt @ 10:30 pm June 16, 2008 By John Galt I wish to thank the Federal Reserve crime family cartel, the US government and all of us stupid dumb sheeple voters for creating the mess in the photos above. Before you jump ugly and blame me for putting your name into the hat for those responsible for my hot dog buns costing a dollar now when they cost 15.4 cents in 1967, your name as well as mine belong there. We voted for idiots for…


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I’m Having a Galt Moment

May 24, 2008 Filed under: Old Posts — John Galt @ 1:44 am Ok, I admit it I’m grumpy. Agitated. Freaking steamed. The “Ms. Maxine Waters” moment first triggered a furious reaction inside my system between vomit, revulsion and then pounding my head into the wall until my forehead is a bleeding mess. Then of course I catch wind of Representative Retardo er Kanjorski’s (D-PA) idea of “Reasonable Profits Board” outlined in HR 5800. I can’t make you act. I can’t teach anyone how to vote. I can yell at the…


Prepetorial #17: “Your Change, Sir”

By John Galt May 19, 2008 Poor Mike. First his wife bounces a check at the local department store (See Prepetorial#16) and then he gets drilled with a chip into his hand to get out of jail. The chip was causing a red sore on his hand but it couldn’t be there because the charming witch used a power drill, or so he thought, to implant it. Then of course on the way out of jail every two bit thug in the “Enforcement Division” took what little cash he had out…


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