By John Galt November 1, 2011 – 23:00 ET The 5 year chart of the US Dollar vs. the Yen says it all: (Click to enlarge/reduce chart) No further comment is really necessary.
Daily Archives: 01/11/2011
11/1 Game On: Greek Cabinet Supports Referendum Call by PM
By John Galt November 1, 2011 – 22:00 ET The calm before the storm is in place as the breaking news tonight via The Athens News: Cabinet backs PM’s referendum decision The cabinet decided early on Wednesday to back Prime Minister George Papandreou’s proposal for a referendum on a European Union aid deal, the government spokesman said. “The cabinet expressed its support,” said government spokesman Elias Mossialos. “The referendum will take place as soon as possible, right after the basics of the bailout deal are…
11/1 AEP: Revenge of the Sovereign Nation
By John Galt November 1, 2011 – 21:35 ET Ambrose Evans-Pritchard nails it tonight in his UK Telegraph commentary: Revenge of the Sovereign Nation (Click on the link above to read in full) Excerpted: The Greek referendum – if it is not overtaken by a collapse of the government first – has left officials in Paris, Berlin, and Brussels speechless with rage. The ingratitude of them. The spokesman of French president Nicolas Sarkozy (himself half Greek, from Thessaloniki) said the move was “irrational and dangerous”.…
11/1 U.S. Market Preview: How Dare the Greeks Vote on the Banksters
By John Galt November 1, 2011 – 05:30 ET The Greeks decided to actually put the latest Eurobankster blackmail, er, austerity program up for a vote. How dare they question the motives of the Rothschild family and the international banking cartel! Needless to say the idea that the PIIGS are thinking about that foreign and ancient concept of nationalism along with the foolish perception that sovereignty is something the citizens of a nation should determine is causing massive problems in world markets as the big…
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