HUNGARY

Note this Date, December 2, 2014: I FINALLY agree with Senator John McCain on Something

by John Galt December 2, 2014 19:55 ET For once, the crazy old bat got something 100% correct. From the website Politics.hu which focuses on Hungarian political discussion and events: Quotable: Senator John McCain on new US ambassador to Hungary By All Hungary News December 3, 2014 “Here we are, a nation [Hungary] that is on the verge of ceding its sovereignty to a neo-fascist dictator getting in bed with Vladimir Putin and we’re going to send the producer of ‘The Bold and The Beautiful’ as the ambassador.” US Senator John…


11.17 1500 ET: Tens of Thousands Protest Against Hungarian Government (Live Video)

by John Galt November 17, 2014 15:15 ET As the world focuses on the wars in the Middle East, the lack of US leadership, and the incredible acceleration of the fading world economy, another one of the European Central Bank’s stooges, Viktor Orbán the Prime Minister of Hungary is facing growing domestic instability as highlighted by the nationwide protest against his government and its policies which favor Berlin and Brussels over the citizenry. (Live video via ActivistWorldNewNetwork): Add in the outrage of the people and the information from this story in…


Moody’s Downgrades Austrian Banks

  by John Galt June 5, 2012 19:30 ET   The hits for the Eurozone keep coming but these pages have been warning you for over a year that Austria was one of the high risk European Union nations due to its exposure to the PIIGS and more so its flailing neighbor Hungary.  Thanks to a persistently slowing economy in the PIIGS, Hungary, and as a result other Eastern European nations, Austria is in a particularly risky position due to the large number of home loans their banks provided to its…


7 Charts Indicate Why Europe is Doomed

  by John Galt June 1, 2012 05:15 ET   (All charts courtesy of Bloomberg.com)   Have my readers ever wondered why the financial networks always show 1 year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever possible? Perhaps these seven charts will indicate why they prefer to color the truth and hide the seriousness of the economic realities of Europe. I have posted the charts of the major stock market indexes for the PIIGS plus Cyprus and Hungary to offer perspective as to how severe the…


3.27.12 AEP: Spain to slash spending as economy slumps back into recession

by John Galt March 27, 2012 23:00 ET   The saga of the Eurozone is far from over and the latest piece from Ambrose Evans-Pritchard in the U.K. Telegraph tonight says it all: Spain to slash spending as economy slumps back into recession (click on the title above to read the story in full) As the world thinks the Greek disaster is behind them, the lurking nightmares of Hungary, Ireland, Portugal, and Spain along with Cyprus and other Balkan states hangs over the heads of the banksters in Brussels like an…


Kill, Kill, Kill, Kill, Kill the Poor: The EU Decides to Sue Hungary

by John Galt January 17, 2012 19:50 ET For my generation, the Dead Kennedys were the ultimate rebel punk band, spitting on the establishment and dismissing the elitists of the day as warmongering scum. Thus when I saw the headline and story from Xinhua tonight, the song seemed oh so perfect as the European banksters have elected to roll a bum and beat the hell of a destitute like a group of meth head teenagers bored on a Saturday night in any American city.   EU takes legal action against Hungary…


S&P Screws Austria: Hungary Downgraded to Junk

By John Galt December 21, 2011 – 14:55 ET Over the past few years I have been writing and commenting on the other housing crisis in Europe, that being of the nations who issued mortgages in Euros to Eastern European nations. Hungary was one of the largest nations in which the citizens borrowed heavily from Austrian banks in Euros but their local currency, the Forint, was used to pay those banks back. That worked fine until the Euro skyrocketed in value and the Hungarian economy crashed in 2007-2008 along with the…


Another Shocker: Hungarian Debt Slaves Revolting against their Austrian Bankster Masters

By John Galt December 13, 2011 – 23:00 ET In June of this year I warned about an upcoming debt crisis which would add to the pain the European banking system was deeply concerned about: The Other European Housing Crash that has the ECB worried Tonight, Bloomberg-Business Week broke the story into the main stream as now the Hungarians are in revolt against their debt masters: Austrian Banks Facing Payback as Hungary’s Debt Slaves Revolt The piece I penned back in June dovetails nicely into the article above which highlights the…



The Other European Housing Crash that has the ECB worried

By John Galt July 24, 2011 While the world sighed relief with the temporary resolution of the crisis in Greece by permitting an actual temporary default which is not a default according to the banksters, the European Union is far from out of the woods as trouble lurks in nation after nation and the myth that debt monetization was forbidden by the structure of the European Central Bank (ECB) has been shattered forever. In fact if one takes a moment to reflect on the growth of monetary aggregates per the ECB’s…


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