EUROZONE

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…


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…


The Smart Money is Betting on More Economic Pain Today

by John Galt July 5, 2016 05:15 ET The smart money, as I warned about last week, is ignoring the so-called low volume rally and fleeing to safety. Need proof? Check these two charts out: If the US 10 Year breaks below the 1.35% yield, odds are it will fly down to 1.25% then on to a flat 1% yield. Regardless of what the bubbleheads say on financial television this will be a massive shift of billions of dollars out of potential investment pools for equities which will further squeeze a…


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…



RBS and Barclay’s Bank Trading Temporarily Halted due to Price Declines

by John Galt June 27, 2016 05:15 ET In what can only be called another amazing morning, the news flow on equities continues to demonstrate that the instability is a long way from over in world equity markets. With the 10 year British Gilt breaking the 1.00% yield mark for the first time in history and the sell off continuing, albeit at a much milder pace, the banking stocks of the U.K. are getting whacked again and this news did not help (via Bloomberg-TV): Trading in Royal Bank of Scotland and…


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…


Brexit is a Big Fat Nothing

by John Galt June 22, 2016 19:30 ET Does anyone really think that this is Churchill’s United Kingdom where they stood alone in the face of the Nazi threat and kept Hitler at bay for years? I don’t. This is more of what Great Britain has become (From the UK Daily Mail, March 7, 2014): Parents fury as pork sausages are banned from the school menu and replaced with halal meat Excerpted: Parents have condemned a school’s decision to ban all pork products from the menu and replace other meats with…


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…


China Drops a Silent Economic Bomb: Hints at Bankruptcy Rules for Financial Sector

by John Galt June 12, 2016 17:55 ET The one thing that foreign investors had always been able to count on with the People’s Bank of China (PBOC) and the Communist Party of China was that no matter how bad the conditions in their financial sector may get, the government and PBOC will always find away to restructure the debts or ensure the continued operation of the entities to avoid an outright default. Sunday, during the Lujiazui Forum in Shanghai, that theory was turned on its head. From the South China…


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…


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…


$1294.90

by John Galt May 1, 2016 19:05 ET Gold closed on Friday with a price of $1294.90. Why is that significant? Because it should alert any sane person that a long term trend line has been broken but more importantly, the three month consolidation and base building period is now over. First a little chartistic charsima courtesy of gold: Way, way, back when Jim Cramer was telling us it was still safe to own Bear Stearns, the precious metals markets experienced a similar consolidation and decline following a rally above $600…


03.22 BREAKING NEWS: 17 Dead, over 30 wounded in Multiple Bomb Attacks in Belgium

by John Galt March 22, 2015 04:50 ET During the peak check in period and rush hour in Brussels at 8 a.m. local, multiple explosions hit the airport check-in for American and Belgium airlines killing at least one and wounding 10 per reports from Bloomberg TV Europe. Video from the scene highlights to massive confusion which occurred afterwards: The UK Guardian has reported information via VRT-Belgium that the airport attack was indeed carried out by a suicide bomber. At almost the same time, two Metro stations in downtown Brussels were hit…


The Federal Reserve is Being Held Hostage by China

by John Galt March 17, 2015 05:15 ET Please not the following from the Federal Reserve’s FOMC statement: Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Household spending has been increasing at a moderate rate, and the housing sector has improved further; however, business fixed investment and net exports have been soft. A range of recent indicators, including strong job gains, points to additional strengthening of the…


Happy Leap Year Day Spooky Video Courtesy of a Major Hedge Fund

by John Galt February 29 2016 17:20 ET Remember this scene from the movie Margin Call? Perhaps if you are not familiar with the movie, you should be. Because the bank it was roughly based on does exist and was bailed out by the U.S. taxpayer, gambled on and won on a Federal Reserve and U.S. Government funded phony recovery, and worse, now is impervious as it is THE bank that it is too big to fail. Why is this relevant today when employment is allegedly booming, the economy growing at…


02.11 JAPANESE YEN Deathburger Mega-Alert: 300 pt Move to 112 in USD/JPY!

by John Galt February 10, 2016 20:20 ET Holy Flirkingshmidt! UPDATE 21:00 ET: And whatever it is that has gone kaboom in the night is reverberating into Hong Kong trading as the Hang Seng opened down over 700 points (4%+) and is still trading close to the lows in the first 1/2 hour of trading(chart via YahooFinance): The opening 1 minute of trading appeared to be the most harrowing! NetDania has some graphic charts (as in Holy TRUMPword) which shows the mind-boggling rise of the Japanese Yen versus the US Dollar…


11.15-11.16 Deathcrepe Asia, European, US Marketwatch: Nous Somme Français

by John Galt November 15, 2015 10:15 ET 11.15 19:05 ET – Japan enters into recession in Q3. Nikkei 225 now down 1.71% but don’t worry, be happy! 11.15 18:05 ET – Dow Futures open up – 129. Not that bad, not that good. But the night is young…. ———————————————————————— This will be an open thread, updated throughout the afternoon and evening to cover the ongoing market turmoil, which just became more tumultuous, as the world reacts to the cratering global economy and the upcoming start to World War III which…


The Federal Reserve Raises the Stakes in the Global Currency War

by John Galt September 17, 2015 20:30 ET Today’s Federal Reserve non-action was nothing more than another throwing down of the gauntlet to Japan and the European Central Bank: We will stay in this world currency conflict and outlast all of you to remain the last viable bankster standing. Why is this relevant? ZeroHedge touched on this tonight in an article he published titled “This Is What Yellen Said About Negative Rates Coming To The US” where someone within the Fed actually indicated a possible NIRP (Negative Interest Rate Policy) in…


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 15:45 ET US Markets Update: It’s, It’s, a Ballroom Blitz

by John Galt August 21, 2015 15: 45 ET Most of you are too young to remember this awesome tune: Well, maybe not that awesome but the markets now know what it feels like again to get hit by the 2008 of a full blown NFL style blitz again. The S&P 500 is well below its 200 DMA and tanking below psychological support at 2000:   Oops, wrong chart. Here we go (prices delayed 15 mins, via YahooFinance): Next stop on the downside should be around 1830-1835. Another indication of the…


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…


Signs, Signs, Everywhere a Sign, Economic Signs, and More Bad Signs

by John Galt August 2, 2015 13:30 ET   And not the kind of signs in the headlines one wants to see if they think the economy is going stay “strong” for much longer. For example, on Friday the headlines directly contradicted the triple washed super duper electrochemically re-calculated GDP figures from the previous day: US wage growth falls to record-slow pace in Q2 Consumer sentiment hits lowest since May Of course the used car salespeople masquerading as journalists on the financial broadcast networks don’t want you to see this story…


All the Recent Economic Doom Videos Which will Make You Cry like a Bitch

by John Galt July 27, 2015 18:00 ET   From CNBC this morning, Marc Faber this morning calls for a 20-40% decline in equities as a realistic possibility: But before that he warns, as I have, about the lack of demand for commodities causing the crash in prices (CNBC also): Gerald Celente supports Faber’s warnings in his Global Trends update via video on July 23rd: Mish Shedlock confirms that the collapse is coming in this interview via the X22 Report via YouTube: Meanwhile, CNBC had technician Carter Worth on today with…


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