CANADA

The Hidden Gem in Today’s Federal Reserve Statement: Preparing for the Currency War

by John Galt January 28, 2015 20:30 ET Buried deep within the Federal Reserve’s Open Market Committee (FOMC) statement today was this gem which I feel has been misinterpreted by the financial blogosphere and especially or deliberately, the financial press. What is this gem and what do I feel it really means? Re-read this portion of today’s propaganda statement from the Fed and focus on the portion highlighted in red: To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to…


Russia Retaliates with Total Embargo of Agricultural Products from EU, US, Canada, Norway, Australia

by John Galt August 7, 2014 05:15 ET Vladimir Putin warned the West that they were playing with dynamite in the Ukraine crisis and the arrogance of President Obama and certain European leaders is now going to have a major impact on the weakest of the European Union’s members, much more so than on Australia, Canada, or the United States. From the ITAR-TASS News Agency: MOSCOW, August 07./ITAR-TASS/.  The Russian government has approved the list of foreign agricultural products on which Russian sanctions are imposed, Prime Minister Dmitry Medvedev said on…


The Cure to the Illegal Immigration Crisis: Repeal NAFTA

by John Galt July 8, 2014 09:20 ET Who would have thought the little weird billionaire with big ears from Texas might just have been correct 19 years ago (Source: Save Your Job, Save Our Country, by Ross Perot, p. 72 , Jan 1, 1993): [It is a myth that] NAFTA will reduce illegal immigration. As manufacturing in northern Mexico expands, hundreds of thousands of Mexican workers will be drawn north. They will quickly find that wages in the Mexican maquiladora plants cannot compete with wages anywhere in the US. Out…


03.01 2200 ET Latest Russian-Ukrainian Conflict News Updates: Ukrainian Naval Flagship appears to Defect

  by John Galt March 1, 2014 22:00 ET Per RTNews: Ukrainian Navy flagship takes Russia’s side – report Published time: March 01, 2014 21:11 Edited time: March 01, 2014 23:17  Ukraine’s Navy flagship, the Hetman Sahaidachny frigate, has reportedly refused to follow orders from Kiev, and come over to Russia’s side and is returning home after taking part in NATO operation in the Gulf of Aden flying the Russian naval flag. There has been conflicting information on where exactly the vessel is, but a Russian senator has confirmed to Izvestia…


11.30 Liquidity Swap Announcement: A Repeat of 2008

By John Galt November 30, 2011 – 08:30 ET From the Federal Reserve website, Press Release on Monetary Policy release from September 18, 2008: Press Release Release Date: September 18, 2008 For release at 3:00 a.m. EDT Today, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank are announcing coordinated measures designed to address the continued elevated pressures in U.S. dollar short-term funding markets. These measures, together with other actions taken in the last few days…


280,000 Jobs Lost in RV industry so Obama buys a CANADIAN Armored RV

By John Galt August 17, 2011 – 11:50 ET How does that taste Indiana and Florida? To say those two states have permanently lost a few jobs in the Recreational Vehicle industry is an understatement. Per the Recreational Vehicle Industry of America, 280,000 jobs were lost in the RV manufacturing industry in the United States since 2007. Some of these people have been called back, but many companies went out of business or cut back their work forces so severely that it is doubtful the industry will recover to the levels…


8/11 News Update: U.S. & Canadian Trade Deficits widen

By John Galt August 11, 2011 – 09:30 ET The fact that the U.S. trade deficit widened to $53.1 billion due to a drop in exports is not a shock unless you’ve been living under a rock (Read the entire Census Bureau release by clicking on this link). The chart from the government should not come as a shock to anyone as our nation is no longer the export dynamo we  once were: The surprising report was the one from Canada which indicated a CA$1.6 billion trade deficit for June, up…


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Update: Canadian Oil Output Shut in up to 50,000 bpd due to wildfire

By John Galt May 17, 2011 The latest update from Reuters tonight is not encouraging: Canada oil output cut as Alberta wildfires rage 17 May 2011 20:50 Reuters * Fires continue to burn across northern Alberta * Production halted by fire threat, pipeline closure * About 100,000 bpd may soon be shut in (Adds details, Canadian oil prices) By Scott Haggett and Jeffrey Jones (Click on the link above to read the rest of the story) Per the National Post in Canada 40% of Slave Lake, Alberta has been destroyed and…


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