EU

Finland Reports 2 Suspected Russian Sukhoi SU-27 Fighters Violated its Airspace Today

by John Galt October 6, 2016 20:20 ET The Finnish Ministry of Defense now has reported TWO possible violations of their airspace by what appears to be Russian Sukhoi SU-27 aircraft: Another possible violation of Finnish airspace A second possible violation of Finnish airspace by a Russian SU-27 fighter has been detected in the Gulf of Finland south of Porvoo on Thursday October 6th at about 21.33 pm. This second suspected airspace violation was similar to the one earlier the same afternoon at 4.43 pm. This was another plane. The Air…


UK POUND EXPERIENCES FLASH CRASH: Drops 6% in 2 minutes!

by John Galt October 6, 2016 19:30 ET I don’t know what happened but will effort to find out but suddenly, just after trading started in New Zealand, the FOREX markets imploded with the British Pound Sterling collapsing 6% from 126 to 119 in less than 2 minutes: More as news comes in..stay tuned as it has recovered to 123 but there is something major happening. UPDATE – From the UK Telegraph, worth a read: Pound skids to fresh 31-year low and FTSE 100 closes below 7,000 on fears of hard…


Why the CIA, Saudi Arabia, and Qatar are Furious about Erdogan’s Russian Rapprochement

by John Galt August 14, 2016 23:00 ET Deep inside the bowels of Langley, Riyadh, and Doha, there are some furious individuals who thought their establishment of disorder and conflict would result in a new world order that eradicated those foes who failed to fall in line with their program would be destroyed economically. Instead, the tables have now been turned and the CIA, Saudi Arabia, and Qatar are now facing the most embarrassing reversal of fortune since America’s withdrawal from Saigon. The plan was simple: After Bashir Al-Assad, the dictator…


George Soros: Europe Needs to Wake Up and Recognize That it is Attacking Russia

by John Galt August 14, 2016 22:20 ET The following information is from the DC Leaks organization and their hack of the George Soros OSI(Open Societies Initiatives) and various foundations which front for his operations. All you need to know about George Soros sponsorship of the Ukrainian conflict against Russia is summed up in this one extract from a January 6, 2015 document, in his own words: Europe needs to wake up and recognize that it is attacking Russia. Help Ukraine is also regarded as an expense of the EU in…


George Soros Apparently Wants Unlimited Terrorist Migration from the Middle East

by John Galt August 14, 2016 20:45 ET A little known organization called DC Leaks which apparently has access to the hacker community has published reams of documents from George Soros’ Open Society Foundations and other so called NGO (Non-Government Organizations) which he and his associates have used to influence elections, foreign policy, and in some cases apparently open revolution and conflict. One of the more stunning revelations comes from an August 16, 2015 document which highlighted global opportunities around the world; one of which is pretty black and white for…


6 Years Later the PIIGS and Europe Still Wallow in Bear Markets

by John Galt July 31, 2016 10:00 ET Everything is great. All is quiet on the Western Front, Eastern Front, and Main Street economies with sluggish growth but new all time highs in key equity markets promoted for television purposes. The problems in Portugal, Ireland, Italy, Greece, and Spain are solved because CNBCCNNFBNFNCBBG does not want to cover them on a daily basis. Hence it’s all awesome: Right? Despite the fact that the over indebted United States has managed to hyperinflate its way into a new all time high in equity…


Hillary Clinton has Another Reason to Hate Obama

by John Galt July 19, 2016 20:45 ET Poor Hillary. Okay, I’m joking and right about now the 5 Clintonistas that read my blog on a daily basis are probably blathering about what kind of hate I’m about to spew about their witch, er, candidate. Unfortunately, for them, this is an observation on the gift that keeps on giving: the manipulated fraudulent Obama economy. After eight years of manufactured and at best fictional economic data the Clinton campaign should be worried about what is about to hit. Besides, as she says…


The Bail-In Bankster Model of Cyprus Results: Cyprus Stock Market down 99.2%

by John Galt July 8, 2016 23:00 ET On January 1, 2016 the new bail-in rules became the rule of law for the member states of the European Union. Hugo Dixon penned a column for Reuters on January 4th which revealed how tough the terms were for the bail-in protocol (excerpted): The European Union entered a brave new world of bank “bail-ins” at the start of 2016. Europe has wasted so much taxpayers’ money on bailing out bust banks in recent years that it is right to try to get investors…


Deutsche Bank Implodes to New Record Low Prices in Europe

by John Galt July 6, 2016 05:30 ET Whatever caused the snap, kerplunk, or “BOOM” at 04:30 ET this morning, it has continued with Deutsche Bank deteriorating rapidly now down over 5% in European trading: Whatever is happening, it has driven the German 10 Year Bund to a record -0.20% and the US 10 Year Treasury yield to new record lows close to 1.320%! Somewhere the smart money knows there is a major shoe about to drop, be it Italy, the United States, or Asia and they understand that it will…


The Shellacking Continues as Britain is Just the Tip of the Real Estate Iceberg

by John Galt July 5, 2016 20:50 ET The absolutely bull whipping of investors in foreign real estate continued today as 2 more property funds in the United Kingdom froze redemptions after Standard Life started the ball rolling on July 4th. M&G became the third company to shut down redemptions from its property fund as it stated (via Bloomberg): “Investor redemptions in the fund have risen markedly because of the high levels of uncertainty in the U.K. commercial property market since the outcome of the European Union referendum. Redemptions have now…


Brexit is the Bear Stearns/Lehman Bros. Moment

by John Galt July 4, 2016 17:40 ET The United States equity and bond markets resume trading on Tuesday July 5th, but whoa be it for those who are unprepared. Tonight the breaking news in the English media indicates that Brexit is not only a Bear Stearns v2.0 Moment as ZeroHedge puts it, but in fact could be a lot worse. The details have made it to the front pages of the U.K. press, starting with the Guardian: Standard Life shuts property fund amid rush of Brexit withdrawals Excerpted: Investors in…


Stock Market Bellwether Update: Going Nowhere Fast

by John Galt July 4, 2016 13:30 ET As America celebrates our 240th birthday and the central banksters of the world celebrate their short squeeze rally of the past five sessions, the truth about where this stock market is somewhat murky. I listen to many of the stock market “call in” radio shows not for advice; but to gauge the sentiment of the sheeple, those poor, stupid suckers who held on to Bear Stearns, Washington Mutual, and General Motors because some “broker” on the radio told an old lady that they…


06.27 Market Deathburger: The EuroCarnage Continues after Brexit

by John Galt June 26, 2 016 15:30 ET I shall keep this as a running update as trading and markets open. Needless to say, currency markets in Asia have opened and the carnage continues unabated so look for Bank of Japan and Swiss intervention soon enough. 05:00 ET – While equity futures are not indicating panic, the bond market is screaming a move into safety. This could be another long day and the key level to watch on the S&P 500 is 2020 as a violation of that figure at…


Spainaggedon Election: Pro-EU Mainstream Parties INCREASE Seats but no Clear Majority

by John Galt June 26, 2016 08:30 ET Sometimes the bull gets you, sometimes you get to sprinkle some A-1 Steak Sauce on him when he’s medium rare. Today we find out if Spanish voters are inspired by the Brexit vote to take a strong stand against the European Union’s insane bankster inspired austerity programs which are running in parallel to the banking bailout which has done nothing to help the average Spanish citizen to improve their standard of living in over a decade. Sound familiar? I shall try to keep…


06.26 More Turmoil in the UK as Labor Party Faces Internal Revolt (Updated)

by John Galt June 26, 2016 09:00 ET UPDATE 13:00 ET – From the UK Guardian: Tom Watson, the deputy Labour leader, has issued a statement on today’s development. Here it is in full. I was deeply disappointed to see Hilary Benn sacked in the early hours of this morning and equally saddened that so many talented, able and hard-working colleagues felt they had to leave the shadow cabinet. My single focus is to hold the Labour party together in very turbulent times. The nation needs an effective opposition, particularly as…


Today Brexit, Sunday Spainaggedon

by John Galt June 24, 2016 21:30 ET The political and financial elites never learn their lesson. Just twenty-four hours ago Nigel Farage of UKIP was proclaiming a narrow defeat for the “leave” faction in the Brexit election only to be surprised himself some four hours later by the overwhelming returns showing the British citizenry rejecting the bureaucratic lies and nightmare known as the European Union. Fast forward to this morning where Spain’s center-right Prime Minister Rajoy decided to act like Prime Minister David Cameron with his threats of the consequences…


Today’s Market Action was Ugly but not the Big One

by John Galt June 24, 2016 20:15 ET With much respect to the Sex Pistols for creating this song just for events like today: But this wasn’t the big market crash that the bears or for that matter, the bulls, had hoped to get out of the way. The NYSE volume was 10:1 + to the downside, but not the NASDAQ VOLUME nor the advance/declines (data via WSJ.com): Meanwhile the bellwethers are signaling trouble ahead. In honor of Brexit let us just say they are sinking like the old Great Britain…



06.24 US MARKET DEATHBURGER: Black Friday Brexit Burgers Now Being Served

by John Galt June 24, 2016 02:00 ET I have never been so happy to be so wrong in all my life. I honest to God did not think my limey crazy assed brethren had the jewels to vote for Brexit, but they did. If TPTB do not stop them through a technicality or loophole in the Parliament, then this move is nothing more than a vindication of the insanity we are witnessing in American politics where an unconvicted felon is allowed to run against a reality TV show millionaire/billionaire. Thus…




06.23 BREXIT Updates: The End of Great Britain, the Start of French Britain

by John Galt June 23, 2018 18:00 ET I remember reflecting on history at one time where I said if the United Kingdom ever succumbs to the evil lure of globalism and refuses to act proud and independent, then the Western world may well be lost. It would appear, barring a miracle, that the news will reflect a victory for “remain” and the British empire which was once a proud lion, will instead join the world community of cowardly lions which submit to every whim of the global banking syndicates. Of…


06.18 23:00 ET – Ukraine Civil War: Heavy Fighting in Mariupol and Donetsk Tonight (VIDEO)

by John Galt June 18, 2016 23:00 ET The video above is purported to be a firefight between pro-Russian rebels and Ukrainian forces outside of Donetsk earlier this evening. Keep in mind that it is very difficult to verify the validity of many reports posted on the internet from this region but if confirmed along with the other breaking news of the evening, then the situation is deteriorating inside the Ukraine conflict as quickly as it is along the NATO-Russian border in the West of Russia. Tonight appears to be the…


German 10 Yr Bund Yield Goes Negative for First Time in History

by John Galt June 14, 2016 04:50 ET Just when anyone in the investing world thought it couldn’t get any more nuts than it has been, German government bonds send the most alarming signal ever with their 10 year Bund yield dropping into negative territory for the first time in history: Meanwhile, US 10 Year Treasuries are now have a yield with a 1.5 handle this morning: If the US 10 year breaks below 1.50% that usually correlates with a stock market some 10-15% below current levels. This really ties the…


Ambrose Evans-Pritchard: Why I am voting to leave the EU

by John Galt June 12, 2016 20:10 ET In what can only be called a stunning editorial in tonight’s edition of the UK Telegraph, Ambrose Evans-Pritchard hammers it home with a stunning rebuke of the pro-European Union forces inside the United Kingdom with this editorial: Brexit vote is about the supremacy of Parliament and nothing else: Why I am voting to leave the EU Holy smokes! This is somewhat earth shattering as the conventional economic thought inside England was to remain and muddle through with a partnership both with France and…


The War That isn’t Reported Continues: 9 Ukrainian Soldiers Killed, 19 Wounded on Friday

by John Galt June 12, 2016 16:35 ET The war that is not going to be reported in the Western media continues with casualties and destruction on both sides becoming quite commonplace as artillery exchanges and small arms fire intensifies. The story below demonstrates that the OSCE oversight of the Minsk Agreements is nothing more than a figurehead joke designed to support a pro-NATO/EU version of events ignoring the plight of citizens near the front lines in the Donbass region. From DNI News on Saturday: 9 Ukrainian security officers killed, 19…


Greece Reminds Us: The PIIGS Crisis Is Not Dead

by John Galt June 2, 2016 20:45 ET While America slumbers in its own porkfest of Federal Reserve provided phony money, the European Union is attempting in a very desperate manner to bury the pork vampire from hell formerly known as the “PIIGS.” Unfortunately for Brussels, this fat little piggy just will not die. From the Greek newspaper, Ekathimerini: Greek bond yields climb Greek government bond yields rose on Thursday after the European Central Bank said it would take no decision on whether to reinstate a cheap funding lifeline to Athens…


It’s Not 2008, Don’t Worry, It’s Fine!

by John Galt June 1, 2016 21:30 ET The stock market is possibly poised to break out to new highs, just like it threatened to do in 2007. As the rest of the economy was in shambles, the hucksters in financial media and so-called stock advisors made a cottage industry on selling to willing pension funds, speculators, and individual investors the stocks of the very corporations and banks that they knew were already technically insolvent. Then came the Obama administration after the crash and he was presented with a deal by…


Ukraine Continues to Attack Donbass while Europe Ignores Ceasefire Violations (VIDEO)

by John Galt June 1, 2016 19:45 Peace in our time? Hardly. According to reports from the pro-Russian governments in the Donbass, there were over 2,000 ceasefire violations over the past weekend. The American response? Silence. NATO’s response? Silence. European Union/OSCE’s response? Silence. Small wonder that Vladimir Putin is building up forces in the West of Russia and around the Ukraine in anticipation of another invasion by the Ukrainian forces and their pro-fascist allies into ethnic Russian areas. This is what a ceasefire looks like according to the OSCE monitoring group…


05.23 Final Austrian Election Results: Austria Veers HARD Left to Green Party Candidate

by John Galt May 23, 2016 20:20 ET In what could only be called the even more Marxist equivalent of Bernie Sanders, Alexander Van der Bellen the candidate supported by the Green Party, won the final tally in the Austrian Presidential elections today. Even though it was only by about 31,000 votes it is a clear indication that the globalist efforts undertaken by the European Central Bank and associated politicians who wish to keep their grip on power over the continent was indeed a success. With Austria shifting hard to the…


04.18 0500 Market Update: Cue the Pump Monkeys, OPEC panic Fading

by John Galt April 18, 2016 05:00 ET Last night’s Asian session was interesting as the Japanese earthquakes and OPEC disaster in Doha provided the deflationary double whammy which scared investors out of Tokyo and Shanghai with sizable drops in those markets(charts via YahooFinance): With a 3.4% drop that was pretty nasty. Shanghai was down 1.44%: Meanwhile, US equity futures have recovered substantially since last night’s initial fall as the central bankers began intervening when Europe opened:   With Europe beginning to recover and crude oil prices pausing in their declines…


The Truth about Putin’s Withdrawal from Syria

by John Galt March 21, 2015 04:00 ET THERE is this myth, propagated by the Western media that when Russia engages in an activity which seems counter to prior statements or actions that it is a sign of weakness or incoherent strategic goals. Sadly for the West and the new generation of so-called “Russian” experts, this is the farthest thing from the truth. At the liberal website Slate, the ‘expert’ speculated that it was due to Assad’s intransigence and the financial cost of the operations in Syria. That of course is…


02.27 BREAKING NEWS: Irish Pro-Austerity Government Coalition Falls in Shocking Election Defeat

by John Galt February 27, 2016 18:00 ET The implications of the message from the Irish people is quite clear and unmistakable: From AFP (via Yahoo): Irish government concedes election defeat <excerpted> Irish prime minister Enda Kenny conceded defeat on Saturday following elections that saw the governing coalition punished by voters weary of austerity, leaving the eurozone country in political limbo with no clear winner. “Clearly the government of Fine Gael and Labour are not going to be returned to office,” Kenny, the leader of the centre-right Fine Gael party, told…


There is no Dead Cat Bear Bounce of Consequence Forthcoming

by John Galt February 8, 2016 21:30 ET The financial media and prime time stock pumpers will try to deceive everyone into thinking that again, one more time,  that this is nothing more than a corrective phase in the midst of a long term bull market rally. Woe unto the fool who buys that nonsense. Instead of chart after chart illustrating how bad the action has been in the past 40 days, here is a great summary via CNBC’s resident guest technician about trend violations on Friday February 5th’s Option Actions…


Meanwhile, back in the “Solved” Nation of Greece

by John Galt November 5, 2015 20:10 ET The Athens Stock Exchange crashed again and no one has noticed. After the apparently rigged elections earlier this year the smart money began liquidating it’s positions in Greece and taking their Euros back home to Berlin and Brussels as the economy is now imploding further as the financial system starts to crater worse than when the crisis began.  The chart above reflects the Athens SE getting ready to retest it’s 1990 lows; not recent lows, it’s 1990 LOWS! From the International Business Times…


09.10 DEATHBURGER MARKET WATCH: After an Ugly US Close, Asia Tries to Out-Ugly American Markets

by John Galt September 9, 2015 20:30 ET Here we go again. The US markets had what can only be called a key reversal day as the rally was about 200 points to the upside on the DJIA and suddenly Apple (AAPL) had their conference on their new products and iPooped on investors worldwide. After the conference began, markets sold off but in the last hour, they cratered to close 236 points lower. Just after 5:30 p.m. ET  the Reserve Bank of New Zealand cut their Official Cash Rate from 3.0%…


08.24 Asian, Europe, US Deathburger Marketwatch: MOAD or a Grilled Cheese Sandwich?

by John Galt August 23, 2015 21:45 ET UPDATED 22:10 ET: Just because: Ouch. Meanwhile in Singapore, down another 2.5% to start the day: UPDATED 21:50 ET: It’s officially a bloodbath. Brent North Sea Crude has broken $45 per bbl for the first time since 2009: The Shanghai SSE is down over 5% on the open: Hong Kong Hang Seng Index down almost 4%: And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!…


08.21 ASIAN, EURO AND U.S. Deathburger Marketwatch: Let’s Eat!

by John Galt August 20, 2015 21:25 ET Yeah, tonight is in a word, er, BRUTAL in Asian markets: Japan: Australia: Singapore: Meanwhile in US futures markets: Yeah, gold is still going nuts…   We’ll see how the Chinese PPT behaves tonight in about 20 minutes. They had best buy every damned thing in sight or we are going to witness one nasty day on Wall Street and in Europe in about 12 hours… UPDATE 21:32 ET – NOT A GOOD SIGN THUS FAR – CHINA DOWN ALMOST 1.5%!!! Shanghai SSE…


Another non-Chinese Oops: Germany Raises Objections to the Greek Bailout

by John Galt August 12, 2015 20: 35 ET Good thing the Euro-crisis is resolved, right? Uh, no. From the Financial Times earlier this evening: Germany criticised an outline deal between Athens and its bailout monitors as insufficient, upsetting eurozone attempts to smooth the way to a new €85bn rescue for Greece. Germany’s finance ministry outlined its objections in a paper circulated to its eurozone counterparts just hours before the Greek parliament was due to debate on Wednesday the painful austerity and reform package that had been reluctantly accepted by the…


Greek Stock Exchange is Finally Open Promptly Crashes over 20%

by John Galt August 3, 2015 05:00 ET Now this is how you crash when a stock market opens: Since the open there has been some dead gyro bounce as some crazy fools are trying to buy some issues in a totally bankrupt nation and illiquid stock market  but reality is that this will be without a doubt the most volatile market in the world for some time. Of course they still have time to adopt the ECB/PBOC/Fed model of rigging their markets completely so the day could still end up…


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