by John Galt May 6, 2012 12:25 ET There are many people willing to deny basic economic reality or the news that the manipulated government data points from around the world are sending, however gold and the gold ETF (GLD) continues to flash a warning clarion that can not be missed by any observer. Unfortunately for the naysayers, gold is still the final resting place for value and is indeed viewed as the alternative world currency by major economic powers such as China...
by John Galt March 18, 2012 18:30 ET Well I guess it would be nice If I could touch your body I know not everybody Has got a body like you But I’ve got to think twice Before I give my heart away And I know all the games you play Because I play them too Oh but I Need some time off from that emotion Time to pick my heart up off the floor And when that love comes down Without devotion Well...
by John Galt March 18, 2012 16:00 ET The music is fading, the crescendo of crisis overrated according to some, the people of Athens are now found digging through garbage cans fighting their former pets for meals, all while the European Union chieftains and banking elite enjoy Chateaubriand and caviar in celebration of another hollow victory. The bondholders who refused to comply with the Greek default order are going to be paid a pittance compared to the thievery of the banksters and average citizens...
by John Galt March 9, 2012 17:00 ET Today I had the honor of being interviewed for the radio program “TruNews” with Rick Wiles. Much of what was discussed has been covered in these pages but Rick’s program offers a unique perspective and I offered my knowledge and experiences on world events to provide a perspective on everything from the Greek default to the Middle East during the program. To listen to the show, you can click on this banner link to the...
by John Galt February 27, 2012 17:00 ET While the world burns and turns, the Dow flirts with the big 13K (why it is big, who knows other than CNBC), and the MENA region disintegrates into a flaming pyre, the one predictable action of the day has occurred after the Greek government decided to obey their Germanic masters and follow the U.S. government example of screwing bondholders as a practice to achieve even further disorder in the markets. The statement from S&P is pretty...
By John Galt December 30, 2011 – 07:43 ET While many a commentator and bubblevisionista will argue that 2011 was a “safe” year with the Dow up about 6% for the year and the S&P 500 treading water but up slightly, the decline in the NASDAQ is the lesson of the year and a warning sign for stocks in early 2012. Traditionally during an election year markets rally as the election gets closer and I expect 2012 to be no exception. While timing is...
By John Galt December 19, 2011 – 16:45 ET Tonight’s commentary from Ambrose Evans-Pritchard via the U.K. Telegraph: Spain grits teeth yet again as austerity deepens <click on the title to read the full article> This excerpt really sums up the depth of the crisis about to hit the Spanish people, remainder of the PIIGS, and the European Union as a whole: It may prove harder this time within the euro straight-jacket. “The global economy was much stronger then and they benefitted from devaluation,”...
By John Galt December 18, 2011 – 23:45 ET Two not so -subtle hings from Yahoo Finance about how bad things can get on short notice: OUCH! And the Euro isn’t much better….. It might be a short night of sleep boys and girls, it could get interesting now…
By John Galt December 4, 2011 – 21:25 ET And from tonight’s edition of doom from Ambrose Evans-Pritchard and the U.K. Telegraph: Fiskalunion is worst of all worlds for Europe All one needs to know from the article, which everyone should read: Historians can only smile, or weep. Germany is unwittingly doing to Spain exactly what America did to Weimar Germany after flooding the country with cheap capital in the late 1920s. When Wall Street cut off funds and ended the credit boom, Germany...
By John Galt November 28, 2011 – 17:20 ET From La Tribune de Francais: D’ici dix jours, le triple A français risque de se retrouver “sous perspective négative” In English: In ten days, the triple A French risk of being “negative outlook” Oops. Basically speaking, the ratings war is on between the least worst of the credit risks, aka, the U.S. and France which means the U.S. and France are unofficially in a pissing match to junkdom. From the article (translated via Google/my interpretation):...
By John Galt October 26, 2011 – 22:00 ET Ambrose Evans-Pritchard nails it again tonight as the hopium high wears off. (Click on the UK Telegraph link below to read) Europe’s grand gamble risks failure without ECB All you need to know is in this portion of the article: First loss is a form of structured credit all too like US sub-prime debt. It concentrates risk. Those holding these tranches of debt take the hit, in this case creditor states. The question is whether...
By John Galt October 10 2011 – 21:20 ET From the UK Telegraph tonight,, via Ambrose Evans-Pritchard….all I can add is “uh-oh”: German push for Greek default risks EMU-wide ‘snowball’ From the link to the article above (excerpted): “A lot has happened since July. Greece has fallen back on its commitments, so we have to assume that the 21pc cut is no longer enough,” said one source. Finance minister Wolfgang Schäuble told the Frankfurter Allgemeine that the original haircuts were “probably” too low, saying...
By John Galt September 14, 2011 – 21:45 ET Today Ambrose Evans-Pritchard posted a series of commentaries on the Chinese interventionist plans along with more on the Euro nightmare. Check out these links to read them in full from the U.K. Telegraph: China states price for Italian rescue China wants to break the ultimate taboo and buy into Western companies such as Apple, Boeing and Intel Europe must take ‘decisive action’ now on banking crisis
By John Galt August 18, 2011 – 16:30 ET Today is going to leave an even bigger mark. For this month’s fun and games to continue is one thing. To beat the crap out of investor’s, poop on the confidence of our citizens, take a dump on Obama’s first day of vacation, and take a Brontosaurus sized turd no top of Turbo Timmy’s 50th birthday, well, let’s just say I’m glad I’m poor, not married to the D.C. – Wall Street elites and get...
By John Galt August 13, 2011 As I scan the Middle East newspapers for hidden gems, out pops this beauty of a story from Qatar’s Gulf Times: Shorting ban should stretch across G7’ Germany’s Economy Minister Philipp Roesler said he supports a short-selling ban across the Group of Seven rich nations, going further than his country’s finance minister, who has backed such a ban only in Europe. Roesler said: “It is good and proper that other European countries have now banned short-selling,” in an...
By John Galt August 9, 2011 – 05:05 ET This morning’s Ambrose Evans-Pritchard column from the U.K. Telegraph pretty much tells the tale of what the ECB must do and by default the Fed. Read it for a preview of what a massive intervention will look like or the consequences of inaction or to little action. (Click on the title to read the article in full) European Central Bank must go nuclear to save Europe
By John Galt August 8, 2011 08:37 ET The United States is currently in the courts of Europe battling the imposition of a tax that the regime in D.C. attempted to impose on its own citizens, yet finds unacceptable when another government penalizes our business community. Of course I am referring to the EU’s insane carbon tax which is being forced on international airlines for the transgression of burning aviation fuel on flights into and out of their bankrupt delusional paper union. While American...
By John Galt August 8, 2011 From this morning’s print edition of the UK Telegraph, click on the title to read the article in full: The World has Run out of Options The Great Reprieve is exhausted. The world has used up the three years’ grace gained by extreme stimulus after the debt bubble burst in 2008. By Ambrose Evans-Pritchard U.K.Telegraph 10:00PM BST 07 Aug 2011 This time we face the risk of double-dip recession without shock absorbers. Interest rates are already at or...
By John Galt August 5, 2011 If that chart isn’t the definition of insanity, I do not know what is. And it is not just in the United States. With just under 2 hours to go, all I can say is grab an intern, a cigar, and a Scotch for the end of this ride. Just wow.
By John Galt August 5, 2011 The efforts by the JCB and SNB appear to have started to flail wildly and the lack of follow through by the ECB to save the markets was noticed around the world yesterday prompting and accelerating the currency and solvency awareness crisis worldwide. Watch the chart of the EUR/CHF after 7:30 a.m. ET and if it turns up sharply odds are the Fed, ECB, and SNB decided on a coordinated intervention on behalf of the European banking system...
By John Galt July 28, 2011 Uh, this chart speaks volumes in a very terrifying new reality we are moving into: (Click on the image for full size) Then click on the headline below from the UK Telegraph to understand why Ambrose Evans-Pritchard’s column today should be of great concern to any sane soul. Global slump warnings if US triggers ‘insane’ default A chorus of global banks has warned that Washington risks triggering a global slump and may suffer permanent loss of credibility by...
By John Galt July 26, 2011 News happens. Get the real take tonight on the Voice of Galt only on Just Measures Radio. Especially Tonight. To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.
By John Galt July 12, 2011 Obviously I can not replicate the entire column, but a fair thing to do is start linking the latest releases via my blog. While I do not agree with AEP about 25% of the time, his insights offer a unique perspective from Europe rarely heard in the U.S. mainstream media and worthy of review. Links only will be posted here daily, time and his writing a column that day, permitting of course. From the 7/13 print edition of...
By John Galt July 10, 2011 In a print story by Arthur Beesley from the Irish Times on July 11: European leaders to consider default as part of Greek rescue It has to be a joke right? The Greek people were told repeatedly to “have faith in the European Union and the Euro currency” and now after all that, they are about to be ejected and tossed on the dustbin of globalist history because they banksters realized that all in all, there really weren’t...
By John Galt July 5, 2011 The first word out of my mouth after reading Paul Farrell’s latest editorial at Marketwatch was “Wow.” The second thing I thought about was that he was 100% correct. His latest commentary: 7 reasons U.S. needs a Good Depression now is a testimony to logic, something America is gravely short of these days. The article opens with a salvo which should be shouted from the rooftops: SAN LUIS OBISPO, Calif. (MarketWatch) — No, do not raise...
By John Galt July 4, 2011 The story I posted last week on the debt threat from the insane borrowing and accounting practices of Communist China’s regional and local governments has now gone full circle with Marketwatch publishing a story tonight on that very subject and how analysts are almost certain it will require the Chinese banking system to be bailed out in the future. In the story, China Debt woes point to bank bailout by Chris Oliver, he offered the following astute...
By John Galt July 3, 2011 Yeah, the same guys who said this was a AAA company from 2007 until, well, darned near the end. The story coming out of Europe this morning via the British paper the Guardian is: Ratings agencies could wreck Greek rescue by declaring it a default The story by Heather Stewart and Richard Wachman has two very significant statements that should alert everyone that the game is either over or about to be rigged as usual: The debt-swap...
By John Galt July 3, 2011 As the American stock markets celebrate another episode of “extend and pretend” until January 1, 2012 in the Eurozone’s basket case de jour, the truth is that the Greek housing market is nothing more than a smaller version of my home state of Florida. Thankfully for the United States and European Central Bank, Florida is not a member of the European Union or it would be toast. The funny thing that happened along the way to the...
By John Galt June 17, 2011 From my friend and frequent Guest Helium Avid a MSEE in Applied Nuclear Physics at End of the The World as We Know It: We May Have Lost Japan: Major Accident at Breeder Reactor http://enenews.com/precarious-strugg…raught-dangers Times By HIROKO TABUCHI, June 17, 2011: Three hundred miles southwest of Fukushima, at a nuclear reactor engineers are engaged in another precarious struggle. Click on the link above to read...
By John Galt June 13, 2011 The question becomes: Is this the ChiCom bubble finally bursting? It just might be. This story from Bloomberg in the last half hour should give everyone with a legitimate journalistic viewpoint in Bubblevisions one through three a wake up call: China Lending Tumbles, Signals Slowing Economy The slowdown in Chinese economic activity reaches far beyond real estate agents and developers. The American model of moving manufacturing, management talent, an resources to mainland China could prove to be a...
By John Galt June 13, 2011 The conspiracy theories are spiraling out of control but the reality of the failure of debt monetization and decades of “quantitative easing” since 1973 are starting to impact the planning and execution of the Federal Reserve from that of proactively attempting to influence economic outcomes to one of self-preservation. The apparent program for decades was for the Federal Reserve banking system to expand its reach far beyond America’s shores and work with other banks to create an international...
By John Galt June 12, 2011 The last thing the European Union wants to hear is that Irish businesses, much less any company located within the group of countries collectively known as the “PIIGS” (Portugal, Ireland, Italy, Greece, have decided to contract their economic activities yet a fascinating story from the Irish online news site, TheJournal.ie spells out the damage that has been done after years of lackluster expansion. The Irish economy, much like their fellow piggies and the already defaulted nation of Iceland...
By John Galt June 6, 2011 Enjoy the video and remember that history may not repeat itself but often times it can be far, far, far worse the second time around.
By John Galt June 1, 2011 Oh the brutality of it all….. All from INO.com: S&P 500 - DJIA - NASDAQ - SILVER - WTI CRUDE - This is going to leave a mark.
By John Galt June 1, 2011 The ADP employment report for May was just released and the nightmare is being set up for Friday’s report unless the fiction writers at BLS get busy: -Lowest reading since September 2010 -Total private sector payrolls up only 38,000 -Goods producing sector jobs were -10,000 -Service sector jobs increased 48,000 but a lot could be attributed (my opinion) to seasonal hiring in the leisure industry for the summer This is the kind of report that hints that the...
By John Galt May 24, 2011 First, read the propaganda from the MSM: Home Sales Buoy Hopes for Real Estate Wall Street Journal - Robbie Whelan US new home sales at 4-month high, supply drops Economic Times New Home Sales Pick Up For Second Straight Month NPR U.S. April new home sales up 7.3% MarketWatch - Greg Robb New home sales up in all regions, inventory at historic lows AgentGenius The last headline is particularly amusing because when you break down the truth of the inventory...
By John Galt May 23, 2011 The report from the Federal Reserve Bank of Chicago on the economy (CFNAI-Click here for the full report .pdf) is brutal. The reading came in at a -0.45, the worst reading since the -0.53 reading of August 2010. Only the employment aspect of the report showed an increase and that could be a part time hiring spree based on seasonal factors rather than sustained economic growth. Buckle up as it would appear we are heading into the recession...
By John Galt May 18, 2011 The weekly report on mortgage applications for purchase without seasonal adjustment from the Mortgage Bankers Association illustrated a somewhat impressive improvement only registering a year over year decline of 1.7%. It is not positive which would not take much based on the volumes but it does lean towards some traffic testing the waters of the housing industry bouncing along the bottom.
By John Galt May 17, 2011 Thus far, tonight’s course of DOOM, in no particular order: 1. Police State USA 2011 2. MENA Region Burns 3. Pakistan-U.S. Square off 4. Economic Destruction Accelerates 5. The Natural Disaster Whirlwhind 6. Envirocommunism reaches a new level of oppression 7. What is this 2nd Amendment thing I keep hearing about? 8. The Coming Food Crisis Worsens with each Levee failure To listen to the show tune in from 7-9 PM ET for one of the fastest growing...
By John Galt May 17, 2011 The Commerce Department released the latest report on housing starts and permits revealed that no sane, logical, intelligent soul would accept the FIBS (Financial Infomercial Broadcasting Services, aka CNBC, FBN, BLM) mantra of the past year that housing has bottomed and that the recovery was well under way. Amazingly enough the preachings and screeching of the pro-regime talking heads was non-existent on the morning radio or television programs. Thus there is a realization that perhaps, just perhaps, free...
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