by John Galt May 13, 2012 11:30 ET In a move which is designed to rebuff Iran militarily and the West economically, Bahrain is expected to announce a closer political union with Saudi Arabia during a summit of Gulf Cooperation Council (GCC) to be held in Riyadh tomorrow. The approach is expected to be part of a broader GCC initiative to develop a European Union type of political and financial union which will draw on the feelings of the people wishing to re-establish...
by John Galt April 15, 2012 10:15 ET Don’t worry, be happy. The markets will turn around just as soon as Uncle Ben proclaims “We are the World” (Catchy song title, eh?) and buys every equity from any exchange on the planet Earth. The Saudi Arabian TASI seems to indicate further pain for Asian and US equity markets on Monday: (click on thumbnails to enlarge graphs) With the Israeli TASE down 1.80% it doesn’t look like any serious relief is forthcoming when Japan...
by John Galt April 8, 2012 11:00 ET The anticipation building up for the open of U.S. futures tonight is highlighted by the action in the Israeli and Arab markets which were open for trading today. In lieu of the non-farm payroll data, the theory is that there will be a decent sized plunge at the open of the US markets. The Saudi market probably illustrates the pattern the S&P 500 and DJIA will probably take; a sharp dive at the open with an...
by John Galt March 18, 2012 09:00 ET America’s preoccupation with starting a war with Iran ignores the reality of the Theocratic dictatorship on the other side of the Persian Gulf opposite of the nation which calls us the “Great Satan.” Saudi Arabia has a long history of purchasing Christian children as slaves from Sudan and other East African nations, oppressing all non-Islamic religious views, and enforcing the Wahhabi sect version of Sharia law. Per the news website Arabian Business on March 15, the...
by John Galt January 15, 2012 19:55 ET The United States had promised the Kingdom of Saudi Arabia assistance with the construction of a nuclear facility for “peaceful” purposes during the Bush administration back in 2008. However, the lack of follow through by the inept Obama administration leads the world a step closer to disaster as our once closest “ally” in the region now is solidly an agent for the Communist Chinese government: Kingdom, China ink nuclear cooperation pact (click on the link...
JohnGaltFLA Predictions for 2012 By John Galt January 1, 2012 – 17:00 ET I. Geopolitical Predictions 1. The United States constructs a new large military base in Columbia near the Venezuelan border in anticipation of the collapse of the Chavez regime. The new focus on South America is seen as a desire to refocus American foreign policy as the Middle East rejects any further interference from the United States. Columbia welcomes the action as it intertwines the U.S. into their internal conflicts...
By John Galt December 30, 2011 07:50 ET Buckle up. 2012 is almost here. Last year I was so-so in my predictions and for 2012 I probably will be also. If you are meek put on your Depends for this show or just assume the fetal position when the theme music stops. In the first half hour I’ll cover the news of the day, the financial news and then begin the prognostications which cover geopolitics, sports, U.S. politics, the economy, weather, and whatever else...
By John Galt December 17, 2011 – 23:45 ET When the nation of Saudi Arabia insisted the GCC invade Bahrain to crush the Shiite protests, the West went back to sleep and assumed the discontent was pacified or stifled and this strategic tiny nation in the Persian Gulf would not reappear in the news cycle. Unfortunately for the House of Saud, that is not the case as this story from Al-Jazeera explains: ‘Several injured’ in Bahrain clashes Excerpt: Bahraini police have clashed with anti-government...
By John Galt December 4, 2011 – 21:45 ET Two stories from Reuter’s African news wire tells the tale of trouble that so many of us warned would be a result of these “popular” uprisings. The first story is straight out of the conflict of cultures under way in the nation of Tunisia: Islamists and secularists in Tunisia stand-off Last I checked, from this particular blog, all I can say is: But hey, who am I to say that? Oh yes, that guy who...
By John Galt November 16, 2011 – 17:50 ET In an article back on March 25, 2011 and on several podcasts, I warned about the ring of fire surrounding Saudi Arabia and the instability being instigated by the Iranians and their Shiite allies working to weaken the House of Saud and its influence over the region. Fast forward to the news from the Kuwait Times today and the exploding corruption scandal which appears to be awakening an Arab Spring type of demonstration in one...
By John Galt September 26, 2011 – 13:00 ET The rumors of Qatar, Kuwait, Dubai, etc. promising to bailout or assist the European Union is about as prescient and factual as the idea the blue fairies will descend from the heavens and sprinkle pixie dust on the citizens of the world and make everyone feel better about being poor and hungry. The reality is that the Arabs have their own problems, so severe in fact that Saudi Arabia gave women the right to vote...
By John Galt September 15, 2011 – 18:00 ET The United States has elected to neglect, ignore, and bypass the fruits of the ignorant, rookie laden Hillary Clinton State Department by turning the other cheek as a new arm of Al Qaeda found the freedom to expand into the most dangerous region in the world. The emergence of a jihad movement in the Egyptian Sinai region illustrated their recklessness with the attack last month on the Israeli border but the danger expands far beyond...
By John Galt August 20, 2011 – 08:30 ET And the selling continues with the Saudi markets failing to hold the psychological level of 6000 and down 164.47 points as of this posting. The selling worldwid appears to be snowballing into a potentially ugly event Sunday night and Monday which will end up on America’s doorstep once again. (Chart from btflive.net) Update: Closed on the day -2.58%. Well below the magic 6000 level for investor confidence. Next up is a retest of the 5000...
By John Galt August 9, 2011 – 04:45 The chart of the Saudi Market (live chart from BTFLive.net) says it all: The entire region appears to be falling not just following our markets but due to the total collapse in world oil prices. This could be a sign of a major break in world markets to come.
By John Galt August 7, 2011 17:20 ET Breaking hard on the wires now. Waiting for King Abdullah bin Abdulaziz al-Saud to start his speech any second now. (Click on link to Reuters flash via title): SAUDI KING ABDULLAH SAYS EVENTS IN SYRIA UNACCEPTABLE – STATEMENT 07 Aug 2011 21:04 Source: Reuters SAUDI KING ABDULLAH SAYS EVENTS IN SYRIA UNACCEPTABLE – STATEMENT READ OUT ON AL ARABIYA TV from Al-Arabiya News: Saudi envoy to Syria called on for consultation: King Abdullah Monday, 08 August...
By John Galt August 6, 2011 I wouldn’t get too excited about today’s 5.46% drop in the TASI (Tadawul Stock Exchange) in Saudi Arabia as they are the largest holder of US Treasuries in the region. Sunday, when many of the markets who have been closed due to Ramadan, will re-open and that will be the true measure of the reaction to the S&P ratings action. In the mean time, here are some pretty charts now that the Saudi markets are closed including a...
By John Galt August 3, 2011 On the August 2, 2011 edition of the Glenn Beck radio program, he began a postulation that World War Three would begin in Libya and the distractions created by that might be sufficient to change the balance of power in the world. The theory might sound justifiable considering the situation on the ground there but the facts do not bear out any logical reason for a major world conflict to start in that country. The conflict is basically...
By John Galt July 31, 2011 I don’t think they are buying the hoopla either. This could be a very interesting day if the futures open up huge then fall dramatically if it turns out that this is another lemon from the D.C. lemonade stand. Here’s a quick snapshot as of 09:00 ET:
By John Galt July 28, 2011 Thank you Front Page Magazine for pointing out this terrifying endorsement of child rape and pedophilia which is still endorsed by the” Religion of Peace” and their Sharia adherents. The excuse that “well Muhammad did it, so it must be okay” overlooks the horrifying implications of this behavior and many other aspects of acceptable actions within the “Religion of Peace” including honor killings like this story: Father kills six daughters in Faisalabad for having relations with boys Faisalabad,...
By John Galt July 6, 2011 Despite the belief that all is well and the election will pacify the populace, the collapsing Egyptian economy along with discontent about Arab policy towards Israel and the West has brought the people back into the streets of Cairo, this time with very little coverage from the U.S. networks or commentary from the Obama administration. The story from Reuters/IRIN this morning, More Protests in Cairo’s Tahir Square, highlights the anger and frustration of the masses after months of...
By John Galt July 5, 2011 The story from the newspaper Emirates 24/7 via AFP should be worthy of a little attention and should be a cause for concern as things heat up in the Middle East: Iran ready to close Strait of Hormuz: General Published Monday, July 04, 2011 Iran is ready if threatened to close the Strait of Hormuz to ships linking the Gulf to international markets, Revolutionary Guards commander General Mohammad Ali Jafari told Mehr news agency on Monday. “In...
By John Galt June 20, 2011 It would appear some of the Middle East stock markets smell the liquidity crunch about to hit due to the potential Eurozone collapse. Here are some of the larger markets this morning:
By John Galt June 13, 2011 This is a major escalation by the Islamist movement in the country of Jordan and a slap in the face to pro-Western allies like Saudi Arabia and the other nations of the region. Read the full story from Al-Arabiyah here: Jordan King’s motorcade attacked with stones and empty bottles in southern city I wonder if the House of Saud will spend $72,000 per citizen in Jordan now to keep its northern border secure…..
By John Galt June 8, 2011 Another day, another bombshell in the news (from Reuters): OPEC talks break down, no deal to lift oil supply Oops. The renegade nations who used to act subservient to the Saudis basically told the King that he no longer wields the power he once had, despite having the backing of Europe and the U.S. The bigger story though, is the back story as the nations who have been quietly aligning themselves with the Russo-Chinese power bloc in the...
By John Galt May 19, 2011 From the Arab News of Saudi Arabia this morning: Smuggling hits gasoline supplies in Riyadh region RIYADH: Shortage of gasoline type 95 in some regions in the Kingdom may develop into a crisis if suppliers do not quickly inject enough of it to the gas stations, local Arabic daily Al-Riyadh newspaper reported Tuesday. Especially in Riyadh region, there is a supply shortage. The newspaper said the owners of gas stations expressed fears that a real crisis might crop...
By John Galt May 16, 2011 The violence in Pakistan has accelerated, first with a grenade attack on the Saudi consulate in Karachi four days ago (read it here at ArabianBusiness.com). Fast forward to the news breaking this morning where per Reuters a Saudi diplomat was just killed in Karachi by a gunman as he was traveling in a car belonging to the consulate. This news may not sound disturbing yet Al Queda has not been extinguished in the Arabian peninsula despite proclamations by...
By John Galt April 8, 2011 First, you’ll need to bear with me as each section has its own chalkboard, so let’s start with the nation’s involved: This of course introduces the most obvious of questions: Why would China, Russia, and Saudi Arabia want Glenn Beck fired? In due time I think I can explain that satisfactorily. Just remember that in the mainstream media, which Fox News and News Corp. represent, when a relationship goes south it is not labeled a firing or...
By John Galt March 25, 2011 Zechariah 14 1 Behold, the day of the LORD cometh, and thy spoil shall be divided in the midst of thee. 2 For I will gather all nations against Jerusalem to battle; and the city shall be taken, and the houses rifled, and the women ravished; and half of the city shall go forth into captivity, and the residue of the people shall not be cut off from the city. 3 Then shall the LORD go forth,...
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