by John Galt December 10, 2013 22:00 ET Just when the world doesn’t seem strange enough with Obama going horny Clinton in South Africa with the Danish Prime Minister, along comes the most bizarre story of the day courtesy of the founding bank for the United States Federal Reserve System, aka, the Bank of Satan, aka, J.P. Morgan-Chase. What in the world did they do now? On a date close to the founding of the world’s first virtual paper currency created by whims, drinking,…
by John Galt December 4, 2013 21:15 ET The initial reports about Rude Shopping Day Thursday (Thanksgiving evening) and Black Friday are out and guess what? They sucked compared to last year…. Black Friday Weekend Spending Drop Pressures U.S. Stores The story above from Bloomberg has the following quotation which tells the tale of the tape: Purchases at stores and websites fell 2.9 percent to $57.4 billion during the four days beginning with the Nov. 28 Thanksgiving holiday, according to a survey commissioned…
by John Galt December 1, 2013 20:15 ET But don’t worry, it can’t, won’t, shall not, couldn’t, etc. possibly happen again. Yet history has always proven the mainstream media, governments, and Keynesian buffoons wrong over and over again. On the left in red, is the S&P 500 stock index from 1984 to October 1, 1987; on the right in blue is the S&P 500 from April 1, 2009 to last Friday’s close on November 29, 2013. Need I add anything more as to…
by John Galt November 29, 2013 19:00 ET Welcome to the United Soviet States of America where the state will instruct on what to spend, how to spend, oh, and did I mention, how much you will pay the banks to keep your money in the bank even though you will not be allowed to withdraw it? Yeah, it’s that bad and a lot of bullshit was pulled on Wednesday and oh, I can’t wait to see the Executive Orders tonight where…
by John Galt October 15, 2013 22:40 ET On a daily basis, I rarely quote Russia Today for a source as it is the front for the Russian Federation and of course, represents the ideologies of a propaganda operation designed by former KGB agents to impact US public opinion. In other words, it’s NBC News with a Russian accent. Tonight’s story however justifies a full publication and response as they finally admit what our media, as usual, will not: Plan B: Central banks getting…
by John Galt October 15, 2013 22:20 ET Ambrose Evans-Pritchard brings the American crisis back into perspective by shedding some light on the hidden disaster half a world over about to occur in Communist China which will devastate the American economy and mindset in this commentary from the UK Telegraph tonight: China’s soaring fiscal deficit rings alarm bells The portion of his commentary which should concern the average American (but won’t) is in the opening section of his article: Borrowing by all levels…
by John Galt October 15, 2013 16:55 ET Think the Obama administration cares? Think again. the following statement was just released by Fitch about the United States AAA credit rating and apparently the ratings agencies will not be bluffed or threatened either: Fitch Places United States’ ‘AAA’ on Rating Watch Negative 15 Oct 2013 4:44 PM (EDT) Fitch Ratings-New York/London-15 October 2013: Fitch Ratings has placed the United States of America’s (U.S.) ‘AAA’ Long-term foreign and local currency Issuer Default Ratings (IDRs) on Rating…
by John Galt October 9, 2013 23:00 ET While I realize that outlining a specific date leaves this website and myself open to massive attacks and criticism, there is no guarantee nor offer of financial advice nor investment ideas behind this article as there is always the probability of another disastrous political solution to the upcoming economic disruption which will begin next week. However, if the politicians and bankers decide to press the issue in order to obtain even greater control over the economy and…
by John Galt August 27, 2013 21:30 ET With the war drums, rumors, lies, and propaganda beating louder and reports of explosions in Damascus, the US Air Force’s E-4B “Doomsday” plane reportedly on the ground at Incirlik, Turkey, and Obama planning a golf outing tomorrow, is it any wonder that Asian financial markets continue to crater? Charts all from YahooFinance and will update automatically, all with a 15 minute price delay: Japan’s Nikkei 225 down 1.98% as of this posting: Australia All Ordinaries -0.97%…
by John Galt August 26, 2013 23:30 ET The good news is that there are several more hours of trading so the Fed and Bernank can still buy the shares and bid it up with our taxpayer dollars: (chart from Bloombeg.com) Ouch. Gee, I guess war isn’t good for everyone in the world, especially those nations with a large radical Islamist population known for terrorist activity. This could get interesting this week as every overseas emerging market is taken out and shot to save…
by John Galt August 19, 2013 23:25 ET Think that the world economy is sound? Think that the “emerging markets” are not feeling the wrath of ECB and Fed manipulation and mismanagement? Think again. Tonight’s chart of the Jakarta Stock Exchange via YahooFinance says it all with a 3.50% decline as of this posting: (LIVE CHART; WILL UPDATE PRICES WITH 15 MINUTE DELAY) The inferences of a nightmare scenario unfolding where third world nations and alleged second world economies collapsing like dominoes leading back…
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…
by John Galt August 4, 2013 22:50 ET In another indication that China wishes to provide more worldwide parking spaces for its growing maritime fleet of these: …the news from Bloomberg says it all: Sri Lanka to Open $500 Million Container Terminal Built by China Why is this important? Any port built to handle the capacity of the new mega-container ships currently composing the bulk of new cargo vessels from the Chinese Communist government facilities could also handle the expanded naval forces the Chinese…
by John Galt August 4, 2013 21:53 ET So far only a headline on Bloomberg and this from FXLive: China Securities Journal article: PBOC’s Yudong calls for new Bretton Woods Mon, Aug 05 2013, 00:48 GMT By: Eamonn Sheridan People’s Bank of China official Yao Yudong has an article in the China Securities Journal calling for a new “Bretton Woods”. This is going to be interesting to keep track of, just a headline on Bloomberg at present Holy FLIRKINGSCHIMDT!
by John Galt August 4, 2013 21:30 ET Yes, I know. I’m violating the protocol and probably some 1000 unwritten regulations from the B(L)S, DoL, IRS, EPA, DoE, DoD, and of course DHS by publishing charts from government data and sources which make the argument that perhaps, just perhaps this is an unrecovery versus a real economic rebound after a recession. Thus ignore last Friday’s BS, er BLS, report on employment and unemployment and enjoy a reality check presented with little comment and to…
by John Galt July 17, 2013 22:30 ET There is this persistent myth permeated by the mainstream media, politicians, financial cable television, and worst of all the banking community that the current levels of “Quantitative Easing” (QE) initiated by the Federal Reserve Bank of the United States is only $85 billion per month. That would be amusing if it were true. The United States surrendered control of the printing presses in 1913 and after a 97% depreciation of the currency, this final Ponzi scheme…
by John Galt July 9, 2013 05:00 ET Psst. Not every market in the world has Helicopter Ben to pump and dump bonds and equities on the American public, er, suckers. What would one say if one of the largest economies in the world has experienced a 67% top to this week’s price decline in their primary stock market? The Irish? The French? The Venezuelans? Nah, keep guessing after reviewing this chart: From the start of the US economic crisis until July 5, 2013,…
by John Galt July 1, 2013 05:00 ET Amazingly enough, history apparently lasts shorter than the life of a AA alkaline battery in the remote of an avid sports fan like myself. Thus a trip back to 1987 via music should let everyone grasp a refresher as to where we were then and where we are now: Thank you Fleetwood Ma c. Why does that song relate to current events in the financial markets? Let’s take a quick refresher course without posting…
by John Galt June 25, 2013 21:45 ET If the PBOC is selling paper gold and silver to raise cash, they are doing a fine job of whacking the markets in the process. From GoldSeek.com: And silver has dipped as low as $19.09: As long as Asian markets are in turmoil and cash is becoming a bankster survivalist tool, paper precious metals will be liquidated to provide an immediate source of cash flow into their respective until of course they run out of their…
by John Galt June 25, 2013 21:05 ET Breaking 15 minutes ago from Bloomberg.com: China Swaps Decline Most Since 2008 as PBOC Eases Cash Squeeze The article states that the PBOC has already taken steps to ease the cash crisis which exploded on to the world financial markets last week. I believe this problem more so than the Federal Reserve’s blathering nonsense was what ignited the sell off on world financial markets. The Chinese authorities have already promised to prevent the SHIBOR and…
by John Galt June 24, 2013 23:35 ET First the mandatory song for our ChiCom buddies: Now, put on your depends…. This is everyone’s “oh chit” moment if the world banksters lose control and if China can not contain it’s CASH, I repeat, CASH, not liquidity crisis by Friday: Everyone can now set their hair on fire if 1900 does not hold tonight. There is a crisis brewing in China and the silent panic being created in Western and Middle Eastern…
by John Galt June 24, 2013 17:30 ET My readers may panic in: Seriously. Now Ambrose Evans-Pritchard agrees with me that the Federal Reserve via the Bernank is playing with a deflationary hand grenade with no pin in the safety and inside of a kiddie pool full of gasoline. His article in the UK Telegraph tonight says it all: The Bernanke Fed is playing with deflationary fire The problem with fire, despite the enjoyment of playing with it as an irresponsible teenager, is that…
by John Galt June 24, 2013 05:15 ET There are a lot of paper gold bugs scurrying for cover along with the usual financial bubblevisions claiming once again that gold is that barbaric relic that suckers invest in, yet the larger picture is too big for their feeble minds to grasp. Gold was sending a warning sign back in April as I stateed in with the article, The Upcoming Stock Market Crash brought to you by Gold, yet few people thought the S&P 500…
by John Galt June 23 2013 05:00 ET In a fascinating report by the McKinsey Global Institute, “Financial Globalization: Retreat or Reset?” , the details of just how isolationist the international financial system has become could be a leading indicator as to why the burgeoning regional currency war could erupt into a global monetary conflict as it appears that cross border banking has crawled to a halt in the wake of the great crash and deleveraging started in 2008. The figures from this…
by John Galt June 5, 2013 05:50 ET The Japanese Nikkei 225 got whacked again last night with a 3.83% loss or 518 point decline: (charts from YahooFinance) I haven’t seen panic set in over the last three weeks since Dunkin Donuts closed their capitol building location in New Jersey. The key to today’s action is to watch the Yen which is strengthening once again as our economic situation is starting to display the instability which most Americans feel on a daily…
by John Galt May 29, 2013 20:31 ET Ruh-Roh! This is not going to end well. FWIW, this is what an ongoing bond market crash looks like boys and girls: Watch the live action as it is down 3% as of 2030 ET and looking probably pretty fugly and possibly heading for another 5%+ drop! Prices from Yahoo Finance delayed 20 minutes: The US market dropped a hint today as to what happens when a…
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…
by John Galt May 7, 2013 05:00 EDT A Warning for the Unprepared Prepper… Last year, yours truly penned a piece titled “It’s Time to Accept Reality that it’s Too Late.” It was an echo of the words I uttered on radio many years ago that if one wishes to survive the oncoming threat of a United States based dictatorship using a corporatocracy inclined Fascist system to control the masses, that the two words one did not want to hear were that it is…
by John Galt May 6, 2013 05:00 EDT Is there a relationship between an increase in the manipulation of paper Gold and Silver prices and the sudden appearance of counterfeit coinage on the market? First, let’s review this video from the Hamilton Police Department in Ontario Canada: The CBC broke this story in Canada on April 25, 2013 stating: “You wouldn’t be able to tell the difference (with) the naked eye. The coins are actually very high quality fakes,” Const. Mike La Combe…
by John Galt May 5, 2013 20:00 EDT Tonight, Ambrose Evans-Pritchard penned an article in the UK Telegraph where the German creator of the Euro currency called for the following: German euro founder calls for ‘catastrophic’ currency to be broken up In the article it is stated that: “The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,” he said. “The Germans have not yet realised that southern Europe, including France,…
by John Galt April 22, 2013 05:30 EDT The sad truth about our modern reality is that everything is fixed. Football games? Probably. Elections? Definitely. Judicial trials? If you have the money, no problemo. Stock markets? Seriously, you have to ask? Thus why the Central Banks have declared a currency war to protect their precious post-Bretton Woods period of dominance so they can continue the rape and pillaging of nation after nation in exchange for greater power at the expense of the individual citizen’s…
by John Galt April 19, 2013 06:00 EDT Everyone loves a market rally after a tough week and with terrorists being killed and hunted down and the prospects of a massive increase in the size of the Police State, look for all US markets to rally strong today. In the premarket, it’s looking somewhat strong: (Data from FinViz.com) History reminds us about IBM’s role in pre-World War II Nazi Germany and how many U.S. and British companies exploited the expansion of the police…
by John Galt April 15, 2013 05:50 EDT The bloodbath in precious metals and base metals continues this morning with gold down over $100 per oz. at one point in electronic trading in New York: (charts from FinViz.com) While many crazed souls in the precious metals community will act like a chicken with their head cut off, I simply remind everyone of what gold and silver predicted in the spring of 2008: (charts from StockCharts.com) The chart above demonstrates first a correction which was…
by John Galt April 14, 2013 23:00 EDT If anyone thinks the world’s central banksters are not aware of the flight to physical precious metals, the following two charts from tonight, one from NetDania and one from Kitco should dispel that myth: Ouch. Double ouch. However for those holding physical gold, not paper, this should be viewed for what it is, a final chance to buy insurance before all hell breaks loose. We are one nuclear missile flying over Tokyo from North Korea or…
by John Galt April 15, 2013 05:00 EDT There is a growing problem as the United States lurches towards its ultimate goal as a good world citizen and participant in the new world order of economic and political unity under a globalist banking system overseen by a select group of unelected political appointees. The problem is almost identical to the growing firearms and ammunition shortage in the U.S. where prices are putting many weapons and types of ammunition, when it can be found, out…
by John Galt April 2, 2013 05:00 ET At this moment, imagine the reality of the world we live in and not the dictates of the psycho-babble globalist controlled mainstream media. The Chinese Communist Party is in disarray as a new leadership is ushered into power with strong influence from the People’s Liberation Army who wishes to exert its power over East Asia and permanently eradicate the dominance and necessity of dealings with the United States. In North Korea the new leadership is…
by John Galt March 27, 2013 22:30 ET Bloomberg started the Slovenia hit parade not even within a day of the “resolution” to the Cyprus crisis with this article: Slovenia’s New Cabinet Under Pressure to Avoid Cyprus Fate How bad is it? Their banks need upwards of €3 billion plus with an immediate need for liquidity for their banking system of €1 billion. Of course the European Union doesn’t realize that the more matches they flick on the Balkan powder keg, the more likely…
by John Galt March 27, 2013 21:15 ET In this interview with Marc Faber on Bloomberg Surveillance this morning, the most dangerous point that I’ve ever heard him make about the upcoming systemic crisis (my words, not his) where he states that “even in gold it will be difficult to hide.” I point to this chart from 2008 to highlight this point: The gold chart from 2008 illustrates a demonstrative “death cross” as circled on the chart. In 2012 to today however,…
by John Galt March 1, 2013 05:30 ET The markets are at a face palm railroad crossing and unfortunately most market participants and gurus are missing the warning sign. First and foremost is that gold has shifted from its safe haven status to a full blown predictive indicator of approaching economic and stock market action. At this moment the declines in gold are not stating we are in the great hyperinflation but in fact possibly heading towards another period of deleveraging and deflation…
by John Galt February 28, 2013 18:45 ET The dumb Communist Bitch from California said so it must be true:
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