By John Galt September 30, 2011 – 21:30 ET If you live within 100 miles of any ocean, you’re in the “zone.” If you live within 100 miles of the United Nations in New York City, you’re in the “zone.” If you live within 100 miles of the Canadian or Mexican border, you’re in the “zone.” If you live within 100 miles of a foreign embassy, consulate, or declared international trade zone with foreign ownership, you’re in the “zone.” What zone is this that I…
By John Galt September 30, 2011 Quarter End, massive Crash begins….. You may want to mix an adult elixir for this program… Don’t miss it! To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.
By John Galt September 30, 2011 – 05:15 ET Ugh. On Tuesday’s radio show I outlined how the coming stock market crash will drastically impact the U.S. and world economies and the severity of what October’s nightmare might mean to the average citizen in the U.S. Needless to say, I did not paint a picture of unicorns flying overhead spewing rainbows and Skittles out of their rears. The stock markets are now technically set up for a 25-35% decline in October, most of which I…
By John Galt September 30, 2011 – 04:55 ET Due to some unexpected but good business in south Florida yesterday, I had to fire up the nitrous and trim my Mohawk back a tad which kept me from these pages and off the air. I’m back today to review the quarter that was and will post more info here off and on all day long. Also, the show will return at 7 p.m. tonight with more on the disaster which is our nation’s politics and…
By John Galt September xx, 2011 – XX:XX ET The latest from Ambrose Evans-Pritchard at the UK Telegraph website: Debt crunch threatens China and emerging markets
By John Galt September 28, 2011 – 09:00 ET But don’t worry, she’s probably just another hyperventilating wanna-be BBC guest who has a book or trading site to hype if the CNBS types get their way in spinning her commentary. From Reuters Africa: World near a ‘Lehman-type’ repeat- SAfrica’s Marcus (click on above to read full article) Excerpt: In an article in the Financial Mail magazine, Marcus said such a rapid decline bore similarities to the fallout from the collapse of Lehman Brothers in late…
By John Galt September 27, 2011 – 22:30 ET From the UK Telegraph an Ambrose Evans-Pritchard: Frau Merkel, it really is a euro crisis I have to agree 100% with AEP on this one. It is not a euro crisis in the sense of a traditional model of exchange., it is a sovereignty crisis and it will be encroaching on all nations who sacrifice their national identify for international stability and financial security. The European Union is an imaginary bureaucratic delusion created for the bankers…
By John Galt September 27, 2011 – 21:54 ET From the ABC News (click on link to read in full): Nightmare in Libya: Thousands of Surface-to-Air Missiles Unaccounted For video platformvideo managementvideo solutionsvideo player The next big question is where does the flaming plane come flying out of the sky; Europe or the U.S.? Unfortunately, there is one more large question that we have not heard any answers from the administration on: Where are all the thousands of anti-tank missiles from the various bases?
By John Galt September 27, 2011 – 17:45 ET Will this crash occur? I can only say that I believe that with a 99.5% certainty things are in motion which will result in a shocking displacement of our economic structure and the situation worldwide will cause everyone to feel the pain of banksters retaliating against the political elites by deliberately crashing the system. If you did not see the video yesterday that has caused the disturbance in the force, here it is via the BBC:…
By John Galt September 27, 2011 – 05:15 ET (chart from INO.com) As I warned ages ago, the days of $100 price swings up and down would occur in the gold market as it gyrated between a bear to a bull and here we are. With an over $100 range yesterday to the extremes at the downside, it is no shock that today it is up over $70 and probably will enjoy a + $100 day today or over the next two days. Despite…
By John Galt September 26, 2011 – 21:25 ET If anyone thinks the Eurozone crisis is close to being resolved, think again. Read Ambrose Evans-Pritchard piece from the UK Telegraph and the complications being thrown into the alleged bail out announcement today are so numerous and fraught with disaster at any moment. Click on the link below to read the full editorial: German turmoil over EU bail-outs as top judge calls for referendum
By John Galt September 26, 2011 – 21:30 ET Just click on the links for the full story from the original source…. Cheap dates-How the ‘price’ of sex has dropped to record lows Man credited with creating Doritos dies in Dallas Library lifts 1906 ban on Mark Twain book UC Berkeley GOP group to host racist bake sale Arkansas’ lost moon rock found in Clinton’s files
By John Galt September 26, 2011 You might just miss a very important piece of information about a contest being held tonight…. Don’t miss it! To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.
By John Galt September 26, 2011 – 13:00 ET The rumors of Qatar, Kuwait, Dubai, etc. promising to bailout or assist the European Union is about as prescient and factual as the idea the blue fairies will descend from the heavens and sprinkle pixie dust on the citizens of the world and make everyone feel better about being poor and hungry. The reality is that the Arabs have their own problems, so severe in fact that Saudi Arabia gave women the right to vote in…
By John Galt September 26, 2011 – 12:15 ET To say that this morning;s report from the Commerce Department was any encouragement about a long term economic recovery in the construction industry would be a major lie. The data continues to reflect and bounce along the long term bottom created by the speculative frenzy from the previous decade. The most interesting stats are reflected in the ongoing decline in sales for homes over $300,000. First chart for review is the monthly new home sales in…
By John Galt September 26, 2011 – 12:00 ET It seems that CalOkie’s FDIC update pages are about to get real busy again. The FDIC hit a decent sized institution in Norfolk, Virginia of all places while deciding to not shut down every institution in the states of Florida and Georgia even though they probably need to. Check out the pages by clicking on the link in the upper right box of this page.
By John Galt September 25, 2011 – 23:00 ET The Historical Circle of Economic Mistakes is now Complete For once in my life, I wish I had some doubts as to my calculations and ideas being incorrect. While many may disagree with the conclusions I have ascertained, the truth is that the macro or big picture review from a historical perspective appears to have repeated itself right down to the arrogance of the financiers and the ignorance of the political elites. For the loss will…
By John Galt September 24, 2011 17:15 No further updates other than this entry as this storm is projected to become a hurricane then fizzle in the North Atlantic as a fish. The fascinating storyline though is that the season is still quite active and running far above the averages. Let’s hope this doesn’t mean October and November mean a lot of action for those of us in the Southeastern U.S. Satellite photos will update automatically from NOAA: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ NCAR/SWFMUD MODEL PLOTS ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^…
By John Galt September 24, 2011 – 08:34 ET As I predicted earlier this week on my broadcast, the Russian people are demanding a dictator with unyielding will and power to confront their weakening and fracturing national structure. The return of Putin all but seals the deal that the Cold War will return as James Earl Obama will fill the role of diluting America’s power and worldwide standing to a point similar to the 1979 era fiasco many of us remember. For those of my…
By John Galt September 23, 2011 – 05:01 ET Effective at 5 p.m. Wednesday, September 21, 2011 the most profitable company in America was: Any bar within walking distance of Wall Street. With thousands of financial industry workers facing layoffs, the Federal Reserve dropping their shorts and mooning the Obamites and retirees of the nation, and Main Street more concerned about the televised distractions of our Roman Circus based society, the world is sending a strong signal that the cyclical bear has departed from its…
By John Galt September 22, 2011 – 21:30 ET Ah yes, who can forget that Jib-Jab video I created back in 2009 with the dancing Bernanke: Well, old Ben just danced America and the West into a major recession to validate his theories and seize more power for the banksters this week. The move in the markets today was brutal, sharp, but not terminal. The headlines from some of the mainstream financial media reflect that fact: Bloomberg 9/22: Stocks Fall But Investor Panic Could Soon…
By John Galt September 22, 2011 – 05:30 ET Sucks to be right. It’s going to be a long, long, day….
By John Galt September 22, 2011 – 04:55 ET The headline from Bloomberg speaks volumes as to the ignorance of the world’s political elites: Greece Cuts Wages, Pensions to Ensure Aid Payment Unfortunately for the ECB, Western economies, and those married to John Maynard Keynes behind, this does not create the one thing Greece needs: Solvency. A bankrupt nation is just that and all of the wage cuts, benefit cuts for retirees under age 55 (ugh!), and promises of future economic growth within a nation…
By John Galt September 22, 2011 – 04:45 ET As of this posting DJIA futures are -156: I don’t want to say that’s ugly but…. The question becomes are we building for a Black Friday, Black Monday, or just a total wipeout for the remainder of the month. Time will tell but the USD and Gold are signaling the warning signs of a major deflationary episode about to impact the world’s markets and despite the protestations of the Bubblevisions, a break below 1094 on the…
By John Galt September 22, 2011 – 04:30 ET But don’t worry, the future of the Western economies is waiting on two students of Marx (Obama and Merkel), the bureaucrats of the European Union, and our Congress to save everything. On second thought, worry.
By John Galt September 21, 2011 – 18:30 ET The battle of demographics, logic, and incompetence within the great American economic model is about to come to a head. The aging population with demands on the government for social programs and aid versus the younger, less educated, quasi-Marxist believers are incapable by and large of supporting the elderly, much less themselves. The United States government has demonstrated total incompetence doing the very basic function of balancing the budget and as a result, while wars rage…
By John Galt September 21, 2011 – 05:25 ET As many of my readers and listeners know, I am a huge proponent of pattern recognition not just within individual equities, markets, or commodities but in economic cycles also. Despite massive attempts at intervention in Europe and the United States, the actions since the summer of 2010 have been feeble at best, pathetic in reality. The chart pattern for gold was signaling a long term inflationary trend with the potential for hyperinflation until the double top…
By John Galt September 23, 05:15 She looks like she’s fading fast and no further updates after this morning’s advisory will be posted on this storm. September 22, 2011 05:00 She looks like she’s trying to get more organized but shear is strong and the probability of a recurve out to sea via Bermuda is growing stronger. We’ll check this again tonight at 17:00 ET. September 21, 2011 05:00 This one is forecast to be impacted by massive shear so it may not amount…
By John Galt September 20, 2011 – 23:00 ET Is the Vampire Squid telling us the results of 2011′s FOMC meetings? The term is not mine, it’s the term of affection assigned by Matt Taibbi in his Rolling Stone piece “The Great American Bubble Machine” where in his April 2010 the case was made that Goldman Sachs, aka one of the two largest shareholders in the Federal Reserve, was preparing to inflate one more bubble to profit on the backs of American citizens. Of course…
By John Galt September 20, 2011 – 05:15 ET Is this the endgame? Yup. Tune into DOOMER TUESDAY at 7 p.m. ET tonight to find out more… To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.
By John Galt September 20, 2011 – 05:05 ET A report from this morning’s Financial Times speaks volumes about the France’s major banks: Siemens shelters up to €6bn at ECB (registration required to read the article in full) The bottom line to the story is not the rampant denials by the major banks in France this morning but the validation of rumors in the markets and blogosphere of either a or some major French banks having financial difficulty. This story from the FT seems to…
By John Galt September 17, 2011 – 12:10 ET Reuters just broke the story and it is one of those events that makes you go “hmmmmm…..” Greek PM cancels U.S. visit to focus on debt review 11:58am EDT ATHENS (Reuters) – Greek Prime Minister George Papandreou has canceled a planned visit to the United States to focus on fiscal measures that are key to the country’s continued funding by international lenders, the government’s spokesman said on Saturday. Next week, Greece is due to resume talks…
Sorry gang, I could not access the website to upload this last night but here it is, just click on the link below to download the program or listen to it there:
By John Galt September 16, 2011 – 21:30 ET Sadly I must say, Jimmy Leeward, age 74, crashed his P-51 Mustang, the Galloping Ghost, into a crowd at the Reno Air Races today. My father knew the pilot and believes that the plane it is one of the Mustang racers that he worked on in the 1960′s when his company rebuilt WWII era airplanes, primarily P-51′s, for those that wished to own the greatest propeller driven fighter plane of World War II. I pray for…
By John Galt September 16, 2011 – 18:55 ET Thank the Daily Show on Comedy Central… The Daily Show Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook
By John Galt September 16, 2011 Time to warm up the tube radios, clean up the antenna farm, and check those headphones as the autumn shortwave radio season is about to begin. This is your chance to call in with questions, suggestions, and comments during the second hour where I help my listeners get set up for the autumn Shortwave Radio/DX season which appears to be very, very busy. Don’t miss it! To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the…
By John Galt September 16, 2011 – 05:00 ET When an economy collapses, those that can escape what appears to be a once in a generation long term depression tend to flee. This holds true in the nation of Ireland where the government Central Statistics Office (CSO) released information showing that 110 Irish citizens per day are emigrating from the troubled Irish nation. The majority of the citizens fleeing are in the 25 to 44 year old age group; the future engineers, entrepreneurs, and labor…
By John Galt September 15, 2011 – 18:30 ET You may now put your seat in the panic position and order doubles from your flight attendant. From the U.K. Telegraph, a quick excerpt from this evening’s entry by Ambrose Evans-Pritchard; please click on the headline to read the commentary in full. China to ‘liquidate’ US Treasuries, not dollars The debt markets have been warned. A key rate setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to run…
By John Galt September 15, 2011 – 18:00 ET The United States has elected to neglect, ignore, and bypass the fruits of the ignorant, rookie laden Hillary Clinton State Department by turning the other cheek as a new arm of Al Qaeda found the freedom to expand into the most dangerous region in the world. The emergence of a jihad movement in the Egyptian Sinai region illustrated their recklessness with the attack last month on the Israeli border but the danger expands far beyond that…
By John Galt September 15, 2011 – 17:20 ET So let’s get this straight; if you listen to the headlines today, the Great Depression started last week. BUT, if you look at the non-seasonally adjusted numbers, the recovery is around the corner again (and again, and again, and again, …etc.). I tend to lean towards the NSA numbers only because I believe raw data is a better indicator and despite the improvements of the last month, the reality is that we are still substantially above…
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