BERNANKE

First the Fed now the Bank of England, as Austria wants to Inspect their Gold

by John Galt May 26, 2014 15:00 ET The distrust of central banksters continues to expand as now Austria follows Germany by sending a delegation to the United Kingdom to verify that their gold holdings are in fact even there and on deposit at the Bank of England. From the GoldReporter.de: (translated via Google) Austria can check the gold reserves at the Bank of England The Court of Austria is sending  a delegation to the Bank of England. It is to examine the existence and condition of an estimated 150 tons…


Tokyo on the Verge of Obliteration as Nikkei 225 and Yen/Dollar Carry Meet Godzilla

  by John Galt January  29, 2014 08:25 ET     If you think that movie is bad, check out these charts! Yen/Dollar(via YahooFinance): If the Yen breaks below the 101.50 or worse ,the 101 levels tonight, it is OMG time (Oh My Gozilla)! There will be a massive technical unwinding which could trigger another major Wall Street sell off depending on the level of Eurocarnage. Meanwhile at the Nikkei 225 (via YahooFinance): Currently down just over 3.30% and looking FUGLY. Prepare for the worst case scenario with a close below…


Why Ben Bernanke Should be Banned for Abusing PED’s

  by John Galt August  5, 2013 23:30 ET The news today is totally absorbed by two stories, one about that creature under everyone’s bed that momma warned us about but which now has been assigned the name of “bogeyman” aka, Al Qaeda. The other story, which is for more serious in my opinion is related to cheaters being nailed for abusing PED’s in baseball which sadly has been extended to a different type of drug at the Federal Reserve but is still within the PED family. For the terminally stupid,…


INSANE: Silver American Eagles at $6 Over Spot-Listen to My Interview Here!

  by John Galt May 23, 2013 22:00 ET   I am not joking. Natty at Just Measures Coin Shop a long time sponsor of this site has what can only be called the deal of a lifetime while the inventory is available which will not be for long. In 20 coin lots, tube quantities only, anyone can by 2013 Silver American Eagles at $6 over the spot silver price!   Tonight I interviewed Natty and the details plus my take on some of the economic issues are stated in this…


Is this the Start of the Summer Stock Swoon?

  by John Galt May 23, 2013 05:00 ET     The cratering of the Japanese stock market last night with a massive 7.32% sell off could be an indication that the Fed’s hint that the era of super easy funny fiat printing may start to ease is over. The hangover might begin as U.S. futures are down triple digits as this is typed but is it the end? If the speculators are any hint, odds are this could be a short sharp correction heading into the Memorial Day weekend holiday…


The Most Dangerous Gun in Human History

  by John Galt February 21, 2013 05:00 ET   The most dangerous gun in the world was not created by the Chinese Communist Party. It is not the Barrett .50 caliber sniper rifle. Governments do not fear the AK-47 or the now much ballyhooed AR-15 as many might think. The most dangerous gun which can bring down a government is in fact the oldest weapon of its kind in human history. That is why governments, central bankers, and mercantile professionals are terrified of it falling into the hands of the…


The Stock Market Crash of 1999 repeats in 2013

  by John Galt February 20, 2013 19:30 ET   Hmmm, heard this before? Nah, it’s the 1920’s ladies, Kwamer said so:   Wait a second. Oil prices going up are bad? Didn’t we hear in 2007 and 2008 that this indicated a bull market was going to extend all the way to Dow 20,000? Nah, people are not stupid enough to get washed, laundered, rinsed, and raped again are they? Ah, uh, yeah, from the New York Times on January 25, 2013: As Worries Ebb, Small Investors Propel Markets Been…


Full September 13, 2012 FOMC Statement

  by John Galt September 13, 2012 13:20 ET     Seriously? Wow, will I have a lot more to say about this on my radio program tonight.   From the Federal Reserve website:   Press Release   Release Date: September 13, 2012 For immediate release   Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance,…


June 20th FOMC Statement for those who enjoy Nothingburgers

  by John Galt June 20, 2012 21:30 ET   Presenting today’s largest nothingburger proving that Ron Paul has been right about the corrupt central banksters direct from the Federal Reserve website:   Press Release   Release Date: June 20, 2012   For immediate release   Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending…


June 20 Federal Reserve Preview

  by John Galt June 20, 2012 17:15 ET   The common speculation, which is all that this is, is a concerted effort for QE or renewal of Operation Twist will be re-engaged by the Federal Reserve in their decision to be released around 12:30 ET today. In reality there are some issues with this and using my magic dartboard I see no reason that I can not engage in the same type of mindless attempts to win the Fed lottery like “real” financial journalists.   It is for that reason…


The Fed is Terrified of a Repeat of 2008

  by John Galt June 7, 2012 05:15 ET   So what keeps an academic figurehead for the world’s elite banksters up at night?   A repeat of the 2008 debacle. Thus far they think they have avoided it in the United States however that creeping feeling that the disaster de jour in Europe will not be avoided is starting to permeate the thought processes of our bankers and that means the U.S. taxpayer must be extorted into another bailout of their mistakes. The problem this time is the wildcards of…


The Mogambo Guru Reminds You: WFD

by John Galt May 20, 2012 22:00 ET   No comment is necessary.   This excerpt from the latest editorial from the Mogambo Guru should provide a clue for those who are ignoring reality:   Of course, Ben Bernanke, chairman of the Federal Reserve, so famously said that inflation is only a problem for people who buy things or put the money under their mattress to save it instead of putting the money into investments that will, hopefully, grow as fast as inflation, to which I reply, with all the sarcastic…


Why Gold will go up 100% by the end of 2013 (if not sooner)

by John Galt March 30, 2012 05:00 ET   The world is on fire, the banking system in total confusion and preparing for another great consolidation, Europe is teetering, and what does the Federal Reserve Chairman, aka “America’s Financial Academic,” decide to speak on during some collegiate lecture series? The Federal Reserve and the Financial Crisis (click on the title to read the story in full) Any of my readers can click on the link above to watch the series or read the program in detail, but to save everyone the…


8/26 Market Preview: Is today another Bernankegeddon?

By John Galt August 26, 2011 – 05:30 ET Just a quick note before the insanity begins. I think Q2 GDP revision will disappoint with a 0.9% figure and Bernanke will follow with a Lewinsky and no concrete action to give financial markets a reason to rally. With the short end of the yield curve already trading in negative territory, if there is not a confirmation of Operation Twist and some declaration of more easing, there will be a massive sell off this afternoon in my opinion. Remember, the big money…


The Federal Reserve’s August 9th Options

By John Galt August 9, 2011 -10:45 ET The economic circumstances which the Federal Reserve, Wall Street, and Washington, D.C. have been living in was shaken by the events of the past ten days thanks to the realization that both Main Street USA and Europe are in far worse condition than their delusional public statements indicated. Thus the crisis de jour has come upon their doorsteps and the reaction from Washington was to pass a new debt ceiling bill which does nothing to reduce the national debt over the next ten…


2011 World Gold Salesman of the Year

By John Galt July 13, 2011 I’ve known quite a few gold, silver, and coin dealers in my lifetime. I’ve met some of the best, talked to some brilliant souls, discussed the economy, inflation, precious metals, and history with individuals who astound me with their knowledge. Two gentlemen I can call friends in this world, Steve Quayle and Bobby from Just Measures, are outstanding precious metals salesmen yet sadly they pale in comparison to one man. There is no doubt as to who wins the award in 2011: Since Chairman Bernanke…


No Picture

The Federal Reserve Blunders of H1 2008 v. H1 2011

  By John Galt July 5, 2011 On June 25, 2008, the Federal Reserve Open Market Committee released the following statement after their meeting (Bold emphasis added by me): The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing contraction, and the rise in energy prices…


No Picture

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, but he looks like he was….


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