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Daily Archives: 21/06/2011
6/21 V of Galt: Surrender to Germany, Surrender your Nation
By John Galt June 21, 2011 Tonight we review what happens when nations surrender to Germany at gunpoint. For the Greeks, not so good. For the Fed and Euro old family banksters? Awesome. Plus a review of the Supreme Court decision that may, I repeat MAY, give us a glimpse of hope. 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 of your choice. Buckle up. The summer…
And the Greeks Surrender to Germany Again
By John Galt June 21, 2011 And the decision is…. Yup. Greece surrenders to Germany. Again. For the second time in 100 years. Breaking news on all wire services….
A Stunning Decision from the U.S. Supreme Court with Massive Implications
By John Galt June 21, 2011 In what could only be called a stunning unanimous decision, the United States Supreme Court may have opened Pandora’s Box in the case of Bond v. United States. I shall simply defer to the experts on their interpretations but from the individual citizen’s it does give them standing in property rights challenges, the stupid curly light bulb, and quite possibly agricultural issues for farmers not engaged in cross border (state or international) commerce. Thank God they decided to uphold…
NAR Existing Home Sales for May: Can’t Blame the Weather, oops, they CAN
By John Galt June 21, 2011 Another month’s worth of data from the National Association of Relativists, er, Realtors, and another bad report. From the NAR press release this morning: Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million in May from a downwardly revised…
Dispelling the Weather Impact on the Economy Myth
By John Galt June 21, 2011 For months on end the Bubblevision and Mainstream media have desperately been attempting to play down the poor economic numbers by blaming the weather. If unemployment claims were up, it was the weather’s fault. If retail sales were down, it was because of a “late Easter” or the weather. If car sales were “unexpectedly” below expectations, it was due to the weather. If home sales came in poorly, it was of course, due to the weather. The only…
Greek Credit Default Swap Vote is in: No Confidence
By John Galt June 21, 2011 With the headlines screaming about Greece having the most expensive debt to insure in the world yesterday, the charts are just as painful. The one week chart of the 5yr Greek CDS from Bloomberg only tells half of the story: But even with the odds in favor of the Greek government capitulating and voting for austerity measures that they will never fulfill for the second time in two years, the long term trend and belief of the markets…
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