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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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Prepetorial #16: The Jury is Out

By John Galt May 16, 2008 As Mike stewed in the holding cell, he wondered what the future had in store for him. For over a year now he had heard rumors about the “Reform Act” but since he had never been in trouble in his life, this one incident where he bounced a check and the department store pressed charges was so embarrassing he just wanted to pay the fine and go home. The thing that bothered Mike was they were not calling people out of the cell as a…


Prepetorial #16: The Jury is Out

By John Galt May 15, 2008   As Mike stewed in the holding cell, he wondered what the future had in store for him. For over a year now he had heard rumors about the “Reform Act” but since he had never been in trouble in his life, this one incident where he bounced a check and the department store pressed charges was so embarrassing he just wanted to pay the fine and go home. The thing that bothered Mike was they were not calling people out of the cell as…


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“Mommy, Mommy I Went Wee-Wee in the Ocean!”

By John Galt May 14, 2008 “Mommy, mommy I went wee-wee and added water to the ocean! The fishies should be happy now!” Ah yes. The screams of joyous Congresscritters and refined Senators as they have solved America’s energy crisis by stopping the flow of oil purchases for the Strategic Petroleum Reserve. It’s tantamount to the little four year old boy proudly proclaiming he stopped the ‘fishies’ from dying as the tide went out because he went “wee-wee” into the ocean for the first time in his life. These arrogant fools…


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SELL ALL YOUR PRECIOUS METALS NOW! (So my friends and I can hoard them at a cheaper price)

By John Galt May 5, 2008 I mean it. Sell every holding you have. Mail your coins to me. Mail your silver bars to me. Heck, gold, platinum, palladium, I won’t cry. Liquidate all of your holdings now, please. So I can look back and laugh at those of you who do not understand the difference between “real money” or insurance, and those who follow the sheeple bleating herd that goes “Baaaa, Baaaa, Baaabooyah!” To say that yours truly has not enjoyed the circus like atmosphere created by low volume rallies…


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The Ballad of Hammerin’ Joe

By John Galt April 29, 2008 This is the story About Hammerin’ Joe, Hittin’ everything With his hammer you know, Then one day, He made a mighty hit, And broke his hammer, Into itty bitty bits. Along came a bankster, Who said “Hey Joe!” Need some money or a Hammerin’ Loan? Joe said sure, But I’m quite dead broke, After all I’m just a Hammerin’ bloke, The bankster said fine, Don’t even start to whine, No money down is how To start a gold mine Joe said great, Where do I…


Prepetorial#15: The Last Gun Show

By John Galt April 27, 2008 It was a weird experience this Saturday morning in April of 2010. I had never experienced walking right into the door of the Central Florida Gun Show at the Lakeland Civic Center as normally there was a long line waiting for the show to open. The armored car in the parking lot was a new, interesting twist as it has been two years since I had ventured into the show, but since the latest grocery store attack, security has been beefed up at all public…


Prepetorial #14: “The Arctic Express”

by John Galt April 20, 2008 Mike was stunned when his wife and kids accepted the offer to “get out of Dodge” and make a run for it. The “Springfield Slaughter” was all it took for the kids to be totally terrorized and the wife to finally say “okay prepperboy, you were right!” The FEMA food lines in Springfield, MO where over three thousand people deep and when the food ran out a riot ensued. That was met, of course, with harsh action from machine gunners surrounding the area and two…


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Jerichonomics

Jerichonomics Filed under: Old Posts — John Galt @ 9:08 am By John Galt April 16, 2008 You know it’s going to be a long year when you see this guy, uh yeah, him, Robert Hawkins from “Jericho” move in next door to your house. Immediately you think ” do I have all my preps in order and just how do I survive like the TV show?” Please folks do not prep like life is a television show. Will you have to get ready for a nuclear attack? Do I have…


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Birth of A Nation

by John Galt March 31, 2008 I. Intent The Founding Fathers had a vision where individuals were allowed to use their God given freedoms to use their own creativity, their own belief systems, and their own talents to work within a Capitalist system based on the principle of freedom. This freedom extended to all aspects to each and every citizen of American life as long as it did not impair or impede on other individuals or the greater good of this nation. These freedoms and the vision our Founding Fathers had…


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The Wile E. Coyote Moment

by John Galt March 20, 2008 There is a time when everything in a moment of history coalesces or intersects as I have stated in the past. For purposes of discussion of the U.S. financial system and much of the markets, I think we have arrived or on the precipice of another such moment. The American financial system has been the subject of jolt after jolt, shock after shock and now a final retreat from another phony rally, thanks to more suspect data points which did nothing but confirm the suspicions…


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Municide

Municide By John Galt February 21, 2008 How the Suicidal Fiscal Behavior of Government at every level, Federal, State and Local will Crash the US Financial Markets “….In a report to the City Council last week, City Manager Joseph Tanner said the city faces a $10.1 million general fund operating deficit for the current fiscal year and a negative available fund balance of $5.9 million on June 30, 2008. “Based upon the updated financial projections, the current estimate for insolvency is late April 2008,” Tanner said. “It may become necessary for…


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