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Daily Archives: 22/06/2011
Bernanke’s Press Conference: A NASCAR Wreck in Progress
By John Galt June 22, 2011 I am not believing what I have heard from the head Central Banksters. This is what the powers that be were worried about, Professor Ben going out and cratering the world with his words. This is without a doubt like watching a 40 car NASCAR crash and this one statement sums it up: “We don’t have a precise reading as to why the pace of slower growth exists.” No damned way. He can’t be honest and say that,…
6/22 V of Galt: Patriots are Traitors
By John Galt June 22, 2011 Join me at 7 pm ET to find out more. To listen to the program, click on this link and a player will start automatically or you can choose from one of the other four players on the page of your choice. Or you can click on the “Just Measures Radio” link in the upper right hand corner of this page.
FOMC Economic Projections: Crack Don’t Smoke Itself
By John Galt June 22, 2011 Seriously. To smoke crack cocaine apparently requires human intervention. Since I have never indulged like Charlie “I’ve smoked 7 rocks” Sheen, I can’t proclaim to be an expert, but I am pretty sure you need some sort of device and a lighter. Straight from the release from the FOMC just published for your amusement and bewilderment. First the mind blowing GDP projections which would be hilarious if I were not a citizen of the United States: And now…
Ag Slaughter after the FOMC Statement
By John Galt June 22, 2011 Wow. Just look at the slaughter in the ag sector this afternoon: Corn is popping lower… Wheat is getting cut down: Soybeans hanging in there better but still down over 1%: Someone is not feeling their Oats this afternoon: Rice is getting support in price from China but still whacked again: Even Milk has been hit for a -0.80% loss today: (All Charts from INO.com) If my hunch is correct, and the ag sector seems to be telegraphing…
It’s Fed Day: Got your No-Doz Handy?
By John Galt June 22, 2011 Ah yes, the sterling purity of our Federal Reserve building which contains the brilliance which has brought this nation from greatness into a state of fiat currency slavery in less than 100 years. Today is Fed Day as the Bubblevisions call it, the day when the Fed reveals its interest rate decision in less than fifteen minutes from now. I’ll post the entire statement here but I warn my readers now: There could be a surprise in store.…
China Sends a Message: First Aircraft Carrier Readies for Sea Trials July 1
By John Galt June 22, 2011 The dispute in the South China Sea with China involving several nations is about escalate one more notch as the PLA announced the first sea tests for the former Soviet aircraft carrier, the Varyag. The refurbishment is complete and training exercises are expected to start on the 90th anniversary of the founding of the Chinese Communist Party on July 1st which is a sharp message being sent to its neighbors in the region. While there appears to be…
Hope and Change? Yup, Change Back to the Carter Years
By John Galt June 22, 2011 Trust me, he needs the smoke. The poll results revealed in a Bloomberg story this morning are Carteresque. Hope and change is turning into a flashback where polyester and disco are soon to return to the forefront along with the idea that its the citizenry causing the bad economy not the administration. According to the story from Bloomberg, 44% of Americans say they are worse off under Obama compared to 34% who claim to be doing better. The…
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