by John Galt July 8, 2012 22:00 ET The United States slumbers under the inept leadership of the Clinton State Department and the old Soviet Union begins its march through the Western sphere by purchasing influence one nation, one alliance at a time. The U.S. thinks it can intimidate the Russians with verbal sparring but in reality they are laughing, in fact mocking the handiwork of decades of Soviet influence over our foreign policy as we stumble from crisis to crisis and Moscow…
by John Galt July 8, 2012 21:30 ET I realize that maybe 0.0005% of my readers have the time to dig up these obscure statistics and that there are smart asses who think that the masses follow this data but the truth is that is why I provide it. The smart asses proclaim “anyone can read it” yet the truth is the MSM and BSM (Bull S**t media) wants to keep the average American from seeing the truth and that is because the…
by John Galt July 8, 2012 20:45 ET If you read the mainstream media, pro-Obama websites like “Business Insider” or “CNBC.com,” you might be under the idea that this past Friday’s unemployment report was no big deal, housing has bottomed, and the transportation industry is indicating that growth is back in this anemic economy if you read the headlines and did not do your own research. Well hell, I’m here to do the work that the mainstream media won’t do and in…
by John Galt July 8, 2012 20:15 ET And my readers thought I was still uptight after my vacation? HA! Read this from the U.K. Telegraph via Ambrose Evan-Pritchard return: German president Joachim Gauck has ordered Chancellor Angela Merkel to clarify exactly what she agreed behind closed doors at the EU crisis summit ten days ago, lending a powerful voice to critics dismayed by the surging costs of euro bail-outs. “She has a duty to explain in great detail what it…
by John Galt July 8, 2012 20:10 ET Only the headlines but WOW, are they dim: Japan May Machinery Orders (MoM) declines to -14.8% vs 5.7% Ouch, but it gets worse and they can’t blame a bunch of radioactive monsters from Fukushima for this one: Japan May Current Account n.s.a.: ¥215.1B Unless my math and hearing is bad, that’s down by a factor so far beyond projections that the Japanese economy is now in free fall thanks to the…
by John Galt July 8, 2012 17:30 ET Apparently Europe has found The Cure as I did decades ago: Well, not so fast. Tonight’s EUR/USD opening is not so good….
by John Galt July 8, 2012 17:10 ET No further comment is necessary as this President, our military, and others like the Jimmy Carter regime who believe that conversations with murderers will result in freedom and justice for all. Cry America, because our nation is now a participant, an endorser, of wanton murder at home and abroad.
by John Galt July 8, 2012 16:00 ET There is this myth that by funneling new debt into Greece, or any of the other PIIGS nations for that matter, will be a practical tool for these indebted nations to create leverage despite economic contraction to pay old debt back. Theoretically it sounds nice and placates the professors and politicians to a point where they can publicly proclaim success, even if in reality those in the know understand that a total collapse and default…
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