Prepetorial #9: U.R.A.

By John Galt December 6, 2007 Officer Carmine Lewis tore the ticket out of his book and asked the elderly man to press hit thumb on the scanner on his ticket book. The old guy sneered and pressed his thumb down on the reader, mumbling under his breath. Lewis then proceeded to take a card out of the back of the book and read the man his rights: “Sir, you may pay this fine of 150 Ameros online. Otherwise you are required to show up at the Magistrate’s office on Thursday,…


Prepetorial#8: End of the System

By John Galt November 28, 2007 The final vote was Yeas 398, Nays 21 and with that announcement on the floor of the House of Representatives, the motion was forwarded to the U.S. Senate in a rapid manner. The date was November 3, 2011 and the legislation was on the fast track to pass both houses and to be signed by Madame President the moment it hit her desk. The business community lobbied hard but considering the economic conditions drastic action was necessary. The newspapers blared the headlines the next morning…


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Increasers and Decreasers

By John Galt November 25, 2007 So “decreasers” isn’t a word, so what? I took the liberty of using what I have elected to call the “Quayle Rule” in honor of my friend Steve Quayle who has a talented knack for creating just the right word for just the right occasion. And this occasion is what you might be asking yourself? If you’ve been paying attention to your wallet, your life and your job the last year or so, you’ll realize that there are aspects of our society and economy that…


Prepetorial #7: Friend or Foe

by John Galt November 23, 2007 Mayor Donaldson was sitting at his desk sorting through the new stack of memos and advisories from FEMA and HSA when Mary his secretary opened the door with a somewhat distraught look on her face. “Mary, are you okay?” he asked as she sputtered there’s a Lieutenant Colonel Marc Philips here to see you.” The Mayor cleaned the pile up on his desk and placed the FEMA memos on top of a neat pile in his inbox and uttered to her “show him in please.”…


Prepetorial #6: “Take Two Aspirin and Call me in October”

By John Galt November 20, 2007 As Karen looked at her husband Mike in utter panic, the realization that the Medical Services Administration was not going to help their child had sunk in. Their son was in his third day of running a fever and still having a problem retaining liquids. After the  nightmare trip to the emergency room after he cut his foot open outside, they were hitting the wall and so frustrated as well as worried. The intern who treated their son basically told them to clean the wound…


Prepetorial #5: Eat your Guns

By John Galt November 14, 2007   The temperature had to just be miserable today for May 14, 2011, as here I was at a WalMart supercenter queued up in a long line with every other hungry soul in the county it seemed. The radio was blaring the news and some music from the Voice of America, now broadcast on the A.M. radio around the clock as the war in Pakistan and Iran had everyone’s full attention. The announcer came on at 11 a.m. sharp to give the local news and…


Prepetorial #4: “I never knew…..”

By John Galt November 12, 2007 It was a typically boring Saturday afternoon in suburbia. It did not seem like just one year ago, the grocery stores and malls had been bombed across America by the Arabs, but “whatever” I thought as I settled down to another fine afternoon of college football. The usual highway checkpoint warnings were scrolling across the bottom of the screen but I did not care as I was in the safety of Mackinaw, IL, where our sheriff would have no part of the nonsense the big…


The Film Camera Dinosaur of the 21st Century: ATM’s

By John Galt November 8, 2007 Back in the 1990’s the digital camera became an affordable and more practical device with the introduction of higher quality printers, more powerful personal computers and users eager to get the latest technology without the inconveniences associated with film cameras. One company which dismissed the digital camera in it’s planning and marketing as a “fad” was Polaroid, formerly a leader in developing new camera technology. This dismissal was a fatal mistake that the company never recovered from and in 2001 they filed for bankruptcy protection…


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The Film Camera Dinosaur of the 21st Century: ATM’s

By John Galt November 8, 2007 Back in the 1990’s the digital camera became an affordable and more practical device with the introduction of higher quality printers, more powerful personal computers and users eager to get the latest technology without the inconveniences associated with film cameras. One company which dismissed the digital camera in it’s planning and marketing as a “fad” was Polaroid, formerly a leader in developing new camera technology. This dismissal was a fatal mistake that the company never recovered from and in 2001 they filed for bankruptcy protection…


Prepetorial #3: Running on Empty

By John Galt November 7, 2007 AS the digital counter displayed ‘4.50’ in the Gallons portion of the pump’s display, the shocking portion was the price which displayed $39.92 which shocked me every week. Despite the level of price controls imposed by the President’s Bureau of Economic Stabilization, it was still hard for me to grasp these prices. Since 4.5 gallons is all I was allocated each week, I removed the ECARD in frustration from the activation slot added to all gas pumps several months ago. The rationing program was working…


Prepetorial #2: Casino Currency

By John Galt November 3, 2007 As my wife and I entered the flea market, we understood the risks we took that day. Shopping for goods outside of the “registered” stores had become a Class 1 Misdemeanor for a first offense and the worst part was that you would be forced to take chip implantation if convicted as part of your sentence. This tracking chip served as your rationing card, probation officer, and national identification all rolled into one. The conversion to the new currency was not going well as illustrated…


Prepetorial #1: “I saw a flash”

By John Galt October 30, 2007 The following is my first “prepetorial”; a word I concocted to try to introduce the idea of “prepping” along with one of my editorials. The events in italic are completely fictitious and hopefully will never happen…. As I was meeting with my client in the town of Port Charlotte, about 45 miles from my home, the air seemed unusually warm for this October morning. The meeting did not go well as my customer was in no mood to purchase anything as he said “let’s see…


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The Case for a 50bp Fed Funds Rate Cut…

By John Galt October 29, 2007 A long time ago, in a galaxy far, far away……. Wrong story, but the theme song fits our current situation in more ways than one will ever know. This week that just ended on October 26th saw a tremendous fortune wagered that the Federal Reserve has to cut rates again this upcoming meeting. I find this discussion fascinating since in reality, the box that Greenspan built I still quite solid and has all of the governors trapped inside it (Can you imagine the smell by…


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1%

By John Galt October 24, 2007 1 percent. One out of one hundred. Ten out of one thousand. A miserably low number which neither indicates sway or influence on our economy unless it’s the billionaires making acquisitions, or in this case, a nightmare that is being propagated on the public with stories of fictitious origin and wishful thinking. The general public has used their NEA endorsed education to be so dumbed down, so mentally incapacitated to think on their own that they believe the Dow Jones Industrial Average is the measure…


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1%

By John Galt October 24, 2007 1 percent. One out of one hundred. Ten out of one thousand. A miserably low number which neither indicates sway or influence on our economy unless it’s the billionaires making acquisitions, or in this case, a nightmare that is being propagated on the public with stories of fictitious origin and wishful thinking. The general public has used their NEA endorsed education to be so dumbed down, so mentally incapacitated to think on their own that they believe the Dow Jones Industrial Average is the measure…


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Painting the Swan

October 11, 2007 By John Galt For the uninitiated, I am a historian by training and hobby, an op-ed writer and blogger by habit. Yes, to many this is a bad habit like smoking a pack of Camels per hour, but I continue to persist in this endeavor to harass the naysayers and those on the cruise ship sailing into disaster on the Denial River. After reading “The Black Swan” by Nicholas Taleb, one has to reflect on years ending in ‘7’ and the unfortunate habit of October being the month…


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Dow 15,000 and the Cartertocracy

September 18, 2007 By John Galt I would like to congratulate the absolute brilliance of putting an academic in charge of our nation’s economy. I was not sure what his academic qualifications were, but I did do a search to see if he wears his Romper Stompers when he makes policy. The logic of today’s decision and coordinated efforts to convince the sheeple that the U.S. dollar would rise in the face of these interest rate reductions was so will conceived, so contrived and so utterly unbelievable, that the bubblevisionistas did…


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Remember

September 11, 2007 By John Galt (Today, and with this posting, marks my 15,000th post on Timebomb2000. This place has become my internet home away from home where I’ve made some new friends and managed to upset some folks too. To this end, today is a day to remember the past and prepare for the future. Today is a day of reflection as crazy things continue to happen around us.) The one thing I shall never forget from this day is the sounds of that day. The television crews did not…


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The Final Stand of the “300”

By John Galt August 12, 2007 Some five thousand years ago and change, a brave group of three hundred Spartan soldiers stood on the grounds of Thermopylae determined to protect their homeland and the city states of Greece from the onslaught of Xerxes and his army. Despite the bravery and valiant efforts of those souls, they were slaughtered. This lesson in history should not go unheeded as futility can some times bring hope, renewal and the ability to turn defeat into a rallying cry for victory. This week’s financial markets are…


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The Black Pearl is Sinking

By John Galt August 8, 2007 On March 18, 2005, Rob Kirby wrote one of the best articles warning everyone about what the future of our markets might entail titled “Pirates of the Caribbean”. Unbelievably, the mainstream media could have picked up this story and exposed potentially one of the greatest financial stories of our time, but thanks to the historical gyrations and long predicted exposure to the fantasy known as “the greatest real estate market in American History” (NAR’s words, not mine) plus American Idol 19 (or whatever), it was…


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2:47

By John Galt August 5, 2007 At approximately 2:47 p.m. Eastern Daylight Time, on Friday August 3, 2007, an individual who used to control billions of investment dollars went nuts on the air. Not insane mind you, because his pleas were not totally unrealistic. Oh the begging was pathetic, the insults directed at “Helicopter Ben” and Bill “Shallow end of” Poole were flung without consideration (wait a second, did I just do that too?), nay, this was far greater than a personal admission of sorrow to suck someone into loaning money,…


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American Irrelevancy

by John Galt August 3, 2007 What if one morning, the world woke up and said “hey, we don’t need America any longer” and it became the new reality? That morning may well be starting not just in a geopolitical sense of the idea, but economically as well. The pomposity of our self-importance that we assign to every activity, every event, and every financial decision is being whittled away on a daily basis. The nations of the world are tired of our meddling both politically and economically. I know what I…


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Goldilocks Autopsy

by John Galt August 2, 2007 Despite the Fantasyland tickets being issued by the Bubblevisionistas, there is an extremely harsh reality sinking in to many war rooms across the other amusement park known as “Realityland” which is slowly hitting Mainstreetland. That harsh reality is that credit bubbles do actually go “pop” and can actually impact the day to day operations of the financial markets. The recent announcement that Bear Stearns has stopped redemptions on a third hedge fund is only one more indication that the game is almost up. It’s only…


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The information contained on this website and from any communication related to this website or the radio program via stations or the internet is for information purposes only. JohnGaltFla.com, the writer known as “John Galt”, nor the hosting service does not hold itself out as providing any legal, financial or other advice. JohnGaltFla.com, the writer known as “John Galt”, nor the hosting service also does not make any recommendation or endorsement as to any investment, advisor or other service or product or to any material submitted by third parties or linked…


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Blame B*rry B*nds

July 26, 2007 By John Galt And with the close of the markets today all I can debate to say is “wow” or “and you never read my old stuff did you?” THis is not just a start of something big, but a flashing red signal. But to blame the economic Gods for today’s action is just not right. No, I’ve assumed a greater degree of personal responsibility. I, the one and only JohnGaltFla, have figured out who is responsible for everything wrong with our stock markets, American morals, the war…


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Weimarica

“Weimarica” By John Galt Jul 24, 2007 In the early 1920’s, the Weimar Republic of Germany created an economic miracle in the eyes of some as it recovered from World War I. The stock markets surged, the economy started to recover late in 1919, and the imposition of the Versailles Treaty was seen as an “inconvenience” to the average citizen compared to the revolutionaries who espoused communism and other radical political ideals roaming the streets at the time. The average person saw their monies hold some valuation and the consumer goods…


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Attention: Your Retirement was Just Canceled

By John Galt July 18, 2007 As this article is being penned, Bear Stearns has roared and their stock is down a healthy five bucks in the aftermarket tonight. While most see that as just that high faulting Dow Jones CNBC stuff that doesn’t impact their little slice of America on Main Street, the shortsightedness of the masses and their abdication of their responsibilities to vote for ethical, patriotic and intelligent people will soon begin to impact their lives in ways they never imagined. After the 1929 Stock Market crash, there…


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Blame B*rry B*nds

July 26, 2007 By John Galt And with the close of the markets today all I can debate to say is “wow” or “and you never read my old stuff did you?” THis is not just a start of something big, but a flashing red signal. But to blame the economic Gods for today’s action is just not right. No, I’ve assumed a greater degree of personal responsibility. I, the one and only JohnGaltFla, have figured out who is responsible for everything wrong with our stock markets, American morals, the war…


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You might YUANna to read this

By John Galt May 16, 2007 So China’s stock market has skyrocketed to new highs. Hmmm. So China’s hairdressers, garbage collectors, and average middle class Joe Six-Pack-of-Ramen has borrowed every freaking dime he can obtain against everything he owns to buy stocks. I think I’ve seen this movie before and it doesn’t have a happy ending. Hmmm. So Wall Street doesn’t worry because “it can’t happen here” and “it can’t happen again”. Hmmmmmmmmm….. Time to do what I enjoy doing, let’s look at a little not so recent history. Every time…


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The Blunder

By John Galt May 3, 2007 As we slumber into the final nights of our current history the concepts of Goldilocks and the three Bears, Peaceful Co-existence via compromise, and of course, Mama and Papa economics are the ruling world view being expressed by those in charge of the world we live in. It is amazing that the reality being presented to the “people” is quite different from the reality that exists in the world of the economic powers. That is why the event forthcoming to be called “The Blunder” by…


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Bloody Chopsticks

March 2, 2007 by John Galt In the last 3 days there has been a massive amount of speculation as to the root causes of the 400 plus point decline on our Dow Industrial Average and if the Chinese were the engineers behind it’s rapid decline. I think China is playing a far larger role in this but not for a lot of the reasons speculated upon in the last few days. There seems to be this excuse being floated via the Chinese government and media that the decline in their…


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The ULTIMATE Economic Hit: Target-America… Patient Condition: CRITICAL

By John Galt April 14, 2006 First and foremost, yes, this is another editorial. I came back from a camping trip one day early to beat the traffic and heal up the snakebite and mosquito bites but it was nice to get away from it all for 3 days. I took my Eton E-10, two sets of AA Ni-Cads, my solar recharger and said, “OK smartypants, let’s rough it”. Well, I did. It was worth it. I was able to read a book, “Confessions of an Economic Hit Man” by John…


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