PIIGS

No Matter What Janet Yellen Says, She Will Trigger this Outcome

by John Galt August 26, 2016 05:15 ET Maximum pain is on the way. What is about to hit could have been avoided, but knowing the pragmatic nature of central bankers they will simply state what they think the markets and world wants to hear. This time it is different. Between what she says at Jackson Hole today, which will be released at 10 a.m. ET, and the news slowly leaking out of Europe, by the time we get to the October surprise for the markets, all hell will be breaking…


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…


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…


06.24 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…


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…


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…


Gold is Poised for a Major Breakout This Week

By John Galt May 8, 2016 08:30 ET After weeks of consolidation, the breakout and weekly close above the key $1280 support level on a weekly basis indicates that monetary stresses in Asia, Europe, and North America are becoming more severe and that this new move in gold as a flight to safety is indeed being validated with each leg up. The weekly chart also confirms the volume supporting this move and as illustrated in the daily chart below, despite attempts to sell the monetary metal below support, there are enough…


$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…


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…


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…


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…


07.27-07.28 Asian Deathburger: Chinese Stock Market Opens DOWN 4% No Sweet, Just Sour

by John Galt July 27, 2015 22:15 ET This screenshot from Bloomberg TV-Asia says it all: The reason for all the red on the screen? Shanghai strikes again, opening down as far as 4.51% but recovering slightly at the top of the hour: The 15 minute delayed chart from YahooFinance is ugly as are all Asian-Pacific markets this morning: The Hang Seng in Hong Kong is slightly better but then again they like to sell hard in the afternoon session: Australia and South Korea are not doing so well either: Last…


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…




07.12-07.13 Deathburger Marketwatch: Greece fires and Chinese CONfusion means Disaster for Investors

by John Galt July 12, 2015 16:45 ET It is going to be one of those nights. Here is your Euro quote from just a short while ago, courtesy of NetDania: Yeah, the traders appear to agree with me. There is no way Greece surrenders to Germany AGAIN! More to follow as this is going to be one of THOSE nights for sure. Time to go fold up the ground beef and fire up the grill…. 19:15 ET UPDATE – Oh What a Night! A perfect song for tonight…   And…


07.12 LIVE Updates on Greek Situation: Germany Promises a Short Occupation (like 1942)

by John Galt July 12, 2015  15:10 ET As the obscenity known as the Greek bailout proposal was presented to the Tsipras government by the Germans (because they do run the European Union) the disaster which is facing Prime Minister Tsipras and his nation became apparent with this Tweet a short while ago: The final draft presented earlier today is a nightmare of epic proportions:   EUROGROUP FINAL DRAFT PROPOSAL TO GREECE 7/12 Meanwhile in Athens, protesters are starting to gather in favor of a Grexit and against the agreement which…


07.10 20:30 ET: Greek Parliament Votes for Eurobankster Bailout; Syriza sees Defections

by John Galt July 10, 2015 20:30 ET The vote has carried the day as reported by Greek media and SkyNews Australia tonight: With this vote however, comes a price. Odds are Tsipras realizes he has no support from the other parties for his actions and negotiations nor will he have any ability to govern in the weeks ahead as the plan is voted on by the European Union and various EU member parliaments in the week ahead. Hence, look for a resignation and probable call for new elections in the…



No Picture

The Nightmare Crash No One Talks About

August 16, 2007 By John Galt Twas the night before football And all through the house, Most Americans were stirring, Even the mouse. As we screamed Go Bucs While others “go Colts” The stock markets were crashing Because of the dolts. As we chanted and sang, A terror hit a guy named Chang, As the something in Shangai Went Boing and then Bang! The markets were churning, But we did not care, Kudlow was crowing, ”Don’t worry Ben’s there!” Then all of the sudden, With a violent thrash, The speculative bubble…


Greece Isn’t the Problem and the International Bankers Know It

by John Galt July 6, 2015 05:20 ET This morning the so-called Greece crisis has entered its final phase and the futures markets reflect this at about 5 a.m. Eastern Time: (courtesy of FINVIZ.com) The Greek government has won the support of the people to take whatever course of action is necessary and the world appears to be wringing its collective bankster hands that this is the “big one” and the Ponzi scheme known as print and pray is about to come to an end with a small nation threatening to…


05.24 BREAKING NEWS: Poland’s Anti-EU Party Candidate Andrzej Duda wins Presidency in Shock Election Result

by John Galt May 25, 2015 21:00 ET After the election results in Spain probably caused indigestion for Angela Merkel in Berlin and the banksters in Brussels, the suddenly important front line nation of Poland may have caused an outbreak of swine flu from Brussels to Berlin as the Euro-skeptic Law and Justice Party (PiS) scored a huge election upset today, casting the strong pro-Brussels, anti-Russian current President Bronislaw Komorowski to the side. This means the coming Cold War against Russia and shift of Poland into full membership into the European…


05.24 BREAKING NEWS: Spanish Municipal/Regional Elections Reflect Growing Anti-EU Socialist Movement

by John Galt May 24, 2015 20:00 ET As America slumbers in a grilled hangover of financial media fallacies and the “Don’t Worry Be Happy” administration’s propaganda on the economy plus reality as a whole, in Spain the people as a mass appear to have a little Greek in them as they started to evict the pro-bankster parties which have been ruling this nation for decades. In regional and municipal elections the results indicate strong support for the hard core Socialists and Podemos supported candidates of the hard anti-European Union Left….


In the “Cured” PIIGS nation of Spain, Banco Madrid Files for Bankruptcy

by John Galt March 16, 2015 05:45 ET The cured, resolved, or fixed nation of Spain which is the big “S” in the PIIGS has long been lauded as one of the economies whose problems have been solved by European Union economic voodoo. This morning, that took a turn for the worst when one of the largest banks in the country, Banco Madrid was forced into bankruptcy and depositors were informed that they will have no access to their funds until a judge allows the bank to re-open. From the Spanish…


First Greece, next up Cyprus as Opposition Parties want to Renegotiate EU Bailout

by John Galt February 21, 15:25 ET The tentative deal struck with Greece and the European Union has opened the very can of worms that the German government was concerned about: The rest of the PIIGS nations wanting new deals also. While this is not totally unexpected, the veracity of the statements from Greece and threat of a Grexit could indeed leave the EU open for demands of reform to the deals that Ireland, Portugal, Spain, and now Cyprus had imposed by the central banksters. From the Cyprus Mail today: Greek…


Insanity: Ford Motor Expanding Operations in the Bankrupt Nation of Spain

by John Galt February 5, 2015 21:30 ET As the European Union, the financial media zipperheads on cable TV and in print, along with the mainstream media continues to refuse or understand the difference between an “inability to currently pay debts” and “insolvency” this little tidbit floated across my Twitter feed from none other than the United States version of the old Soviet Pravda, the New York Times: Ford Expands Operations in Spain for Export Business So the thinking is that because wages are depressed under orders from the European Central…


Why Today’s Stock Market Numbers are Totally Irrelevant

by John Galt January 27, 2015 22:30 ET I could just be an asshole and just post the following without explanation to summarize today’s action: Good think I’m a “nice guy” (LOL). The first thing news sources like the Wall Street Journal (thank you for the screen shot above) and the electronic horn dog ‘there’s a bull in every crack and crevice media thanks to Apple earnings, is that everything awful today was due to Snowmeggadon 2015 and Global Warming/Climate Change, which from a Florida and internet trading perspective was a…


11.30 Deflationary Deathburger Freak Out Hitting US Futures Markets Tonight (Gold down over $50!)

by John Galt November 30, 2014 18:30 ET It is nice of the Fed and Bank of Japan to drag the old Kevin Bacon film clip out for tonight’s market action. Meanwhile back in realville, uh, all TS is HTF if you are long gold, silver, or anything you eat, put in your gas tank or that you can drop on your foot which hurts. (data courtesy of FinViz.com) This could be a most interesting week, especially if the early previews and rumors about retail sales and the unemployment number decide…


11.30 While America Ate and Shopped Mini-Crashes Rocked the Markets

by John Galt November 30, 2014 10:35 ET While Americans ate, partied, and shopped until their credit cards cried “uncle,” markets around the world experienced a mini-crash which despite the protestations of the CNBCBBGFBN propaganda and infomercial sales forces will have consequences for the American economy and indeed the future of our consumer and debt driven economy. One chart sums up the coming crisis but it is not one that will be publicized by the mainstream infomercial financial media nor many if any mainstream economists: Why is this chart of the…


11.21 TEOTWAWKI RADIO SHOW: Black Friday Special One Week Early!

by John Galt November 21, 2014 18:35 ET Ah yes, America’s 3rd favorite holiday, Black Friday is one week from tonight. On this program we celebrate “Black” Friday by telling you how to deal with it in every way. Be it riots in Ferguson, Ebola at the Macy’s Parade in New York City, or my listener’s favorite subject Prep items on sale, sale, sale! Buckle up because if Santa detects good little Turkeys in the audience we may even tell a tale of woe from the Great Buffalo Blizzard which will…


11.07.14 TEOTWAWKI RADIO SHOW: Don’t Panic! Gloatfest is Live, Live Live!

by John Galt November 7, 2014 19:55 ET Do not panic. Do not adjust your sets. The Voice of Galt Radio Network via JMR is live tonight. I’m here, I’m gloating, and I’m broadcasting live tonight so please refrain from kissing Liberian Ebola patients unless you’re married to one and already infected. You may now return to TMZ or whatever the hell you watch/do until I start broadcasting in just over one hour. To listen click on the link below at 9 pm ET which for those of you who voted…



08.29 TEOTWAWKI RADIO SHOW: Help, I’ve lost my Strategy and I can’t Get Up!

by John Galt August 29, 2014 19:30 ET I don’t have a strategy for this show tonight. Yes, it is live but what should I do? Should I smoke some Bill Clinton pre-interned cigars? Should I play golf and phone it in? Should I get a big jet and fly my wife to expensive shopping malls and have my goons kick everyone out? Sheesh, only one hour to talk about not having a strategy yet I have to have one or this show could degenerate into a booze filled whine fest…


08.22 TEOTWAWKI 2 Hour Radio Special: Natty B joins me in Hour 2 as the World Implodes

by John Galt August 21, 2014 20:30 ET Natty Bumppo (Bobby from Just Measures) is going to join me on the air Friday night after the 9 pm ET break to discuss the Ebola crisis further, which keeps expanding even more rapidly than originally projected, the precious metals markets, and how the economy functions in a cashless society. So bring your chip implanted hand and your favorite cocktail to the computer or favorite listening device as the news in Hour 1 will put you in the fetal position and hour 2…


08.08.14 TEOTWAWKI Radio Show: Natty B and John G discuss Ebola, Economics, and Wars Everywhere

by John Galt August 8 2014 20:15 ET Natty Bumppo (Bobby from Just Measures) is going to join me on the air tonight to talk about the following: Hamsters Iraq Ebola Iran Israel Hamas Russia Ukraine War Japan China Embargoes Gold Silver Worldwide Stock Markets China Japan OR maybe just smoke cigars and shoot the breeze as we watch the world burn. To listen click on the link below at 9 pm ET which for those of you who voted for Obama is 8 pm CT, 7 pm MT, and 6…


08.08.2014 World Equity Markets Expecting a Virus Filled, Warfare based Volatile Day

by John Galt August 8, 2014 05:45 ET If one thinks today will not be volatile or wild in the world equity markets, check out this quote of the 10 year US Treasury at 0530 this morning, courtesy of CNBC: And here is the live chart (delayed 15 mins):   US equity futures are down across the board and the snapshot from Europe is ugly also (from YahooFinance): Although the DAX has bounced off its opening lows, it is still down 1.04% as of this posting and poised to stay in…


%d bloggers like this: