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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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