Shenandoah

July 3, 2009

7/3 The Galt Radio Report is Now Available

Filed under: Old Posts — John Galt @ 8:46 am

GALTRADIOREPORTLOGO.jpg

Good morning gang! The free intro portion of The Galt Radio Report is located here:

The Galt Radio Report - 7/3/09
In the future it will include news alerts, brief commentaries and guest updates so gang, enjoy the ‘teaser’ show as the big show is now up and available for anyone who subscribes to www.archiveondemand.com .

I look forward to your commentaries and hope that you enjoy the program.

-John

Edit: My bad. I made a huge typo in the link to archiveondemand.com. My apologies to Steve M and anyone who tried to link to there from this link.

July 2, 2009

Obamarket Update #109 for July 1, 2009: The Last Horseman is in the Saddle

Filed under: Old Posts — John Galt @ 6:38 am

by John Galt

July 1, 2009

4bondhorsemen2yrspeaks.jpg

Normally I would save The UTT-BUGLY Chart of The Day for the end of my little rants about the markets but today’s green shoots that sprung out of Dennis Kneale’s piehole deserve a visit from the Horsemen. The yields might be stable on our major Treasury yields but the forth horseman is in the saddle and ready to ride roughshod over the markets. For over a week now we’ve heard the happy-happy joy-joy boys and girls on Bubblevision scream about a “Golden Cross” in the S&P 500 and other major stock indicies. Unfortunately for them, they all have a declining 200 DMA which typically indicates a short term bounce then failure with a major decline to follow until the index bounces off of the 200 DMA, usually at considerably lower levels. The Death Cross is the opposite and with the roll over about to occur on the moving averages and the fundamentals of our bond markets in horrid shape, barring massive Fed intervention we should see yields rise the rest of this year.

0701UTTBUGLY2yrtreas.jpg

Once the 200 DMA rolls over and chases the 50 DMA, you will see a stunning rise in rates that will mow down the green shoots and create panic in our real estate and equity markets for the remainder of the year.

The Dow today was a prime example of what happens when the big money goes on vacation and the hedge funds don’t even want to participate in a game everyone knows is rigged. After a sharp rise of over 100 points if drifted down the rest of the day with a total of just over 900 million shares traded. This is a follow up formula for disaster as the traders are going to be easy to shock with major bad news and all it takes is that one large bank which has yet to set up any branches in my neighborhood with the trading symbol of GS, to decide to go short and BOOM, it’s all over.

0701dow.jpg

Thus watch tomorrow’s report on unemployment stir the pot and for a real picture of what is happening, watch the 2 year Treasury as the ride we’ll get on those 4 horses will be brutal.

-John

July 1, 2009

July 3, 2009: The Galt Radio Report

Filed under: Old Posts — John Galt @ 6:20 pm

GALTRADIOREPORTLOGO.jpg

My friends, I have received enough emails to proceed forward with a podcast version of a radio program to continue the task I began on the Q-Files. I sincerely appreciate all of the  support during my time as a host on the Q-Files,  but as we proceed forward towards the obvious and final decline of our nation’s economy and empire I still feel it is important to offer information that you will not hear on the mainstream media or other broadcast outlets. Every Friday night you will be able to click on a link on my home page which will take you to a free 15 minute update and teaser for the one hour plus program. Seeing as we are starting off from ground zero, the one hour show will have to be a subscription only podcast to begin and as advertisers are added the potential of a live program plus podcasts increases. If the situation allows, we will proceed to a nightly program, but I shall walk first before I run.

If you wish to stay in the loop about the program and receive information about subscriptions please contact me at thegaltradioreport@johngaltfla.com OR at the old standby at johngaltfla@yahoo.com.

To Subscribe to the Podcasts please follow this link, the cost is $9.95 per month with www.archiveondemand.com.

Thank you for all of your support,

John

July 1st, 2009

Filed under: Old Posts — John Galt @ 5:40 am

T.G.R.

It’s coming…an announcement tonight…..

Obamarket Update #108 for June 30, 2009: Halftime Bullets Flying

Filed under: Old Posts — John Galt @ 5:40 am

by John Galt

June 30, 2009

Instead of writing up a long piece to discuss everything, we’ll just hit the bullet points of my opinions quickly:

- Equities are basically flat on the year.

- The rally is fading as for the past 45 days or so, trading to the upside has been on very light volume.

- Technicians on Bubblevision are starting to express concern about a head and shoulders pattern on the S&P 500 forming.

- Gold is still in a major consolidation which should break out later this summer. 50 and 200 DMA have been holding as support.

- Oil appears to be ready to pull back and consolidate until the summer is over.

- The cap and trade bill will be the event that triggers the final capital flight out of this nation.

- The Federal Reserve is still in a box and until they force the Congress to create an agency to buy and liquidate toxic assets all the bluster is doing is keeping credit markets for consumers paralyzed.

- The new Credit Card reform act will reduce monetary velocity even further instead of “protecting” consumers.

- There is a risk of deflation IF Bernanke elects to take an anti-stagflationary approach to monetary policy. I do not see it but then again, he’s in disfavor with Obama as Summers will be his replacement so he may try to protect the banksters as opposed to stabilizing the sinking ship.

- The OCC Report only verifies what many of us have been saying about the real estate market and the next leg down will be the final crushing blow as the remainder of the nation begins to see numbers those of us in FL, CA, AZ, NV, etc. have been watching for two years now.

- The Treasury Bond market has been dropping hints that it is ready to crater. I feel once the “Death Cross” occurs on the 2 year Treasury we will see a sharp sell off barring further QE from the Fed.

- A second stimulus package will be proposed by Obama and the Democrats. This one will be a direct cash infusion to all taxpayers and families earning less than $125,000 per year in an attempt to save what’s left of the retail sector and the Christmas season.

- Bank failures will accelerate in the second half of 2009 as the infrastructure is in place to process more of the problem institutions.

- The derivatives markets will experience another seizure in Q3 creating the financial problems that finally force the Congress to act in the fall and create a clearing corporation to purchase almost any financial instrument on the markets, be it an equity, bond or swap, to attempt to stabilize the system. This could be the trigger for a major inflationary spike that many are looking for this fall.

- Unemployment will top 10% by July and 11% by September causing Obama’s ratings to tank in the public.

- The economic instability will insure rogue events and nations to engage in activities that add to the market’s anxieties.

The DJIA chart which appears to have the 50 DMA ready to roll over and head south again, possibly not following the other averages into Bubblevision’s ‘golden cross’ song and dance:

0630dowfinal.jpg

The UTT-BUGLY Chart of the Day fits into my last quarter’s ugliest chart. The “recovery” might be proclaimed no matter what this number does but once the USD closes below 78 with a sharp downward move and we test 72, there is no reason for foreigners to put money into a nation willing to devalue its currency and the long term downside targets below 62 come into play.

0630UTTBUGLYusd.jpg

Until tonight’s announcement.

-John

June 29, 2009

Obamarket Update #107 for June 29, 2009: Formula for Disaster

Filed under: Old Posts — John Galt @ 8:58 pm

by John Galt

June 29, 2009

“This market continues to be propped up by government intervention and manipulation…..”

Larry Levin, Secretsoftraders.com on CNBC (Video Here)

Let me get this straight; until Mr. Levin spoke today, drawing the ire of Steve Liesman in the process who also participated in that segment, few people wanted to even consider or accept the fact that the government has been active in all aspects of America’s capital markets for years now but once it becomes “obvious” to all then people slap themselves in the forehead and go “wow, I could never have imagined this happening here.” Folks, the reality is not just the PPT or plunger team, but that America’s political elites along with the Fed now have controlling interests in so many trading desks that the “market” is nothing more than a grand video game to most of this crowd. The fact that they have been able to decimate so many retiree’s nest eggs and force a greater dependency on the government either indicates a grand plan to create a new generation of elderly welfare addicts or just blithering incompetence. I’ll let you draw your own conclusion.

This is what you could easily call a week of vacation but a surprise revision to last month’s unemployment numbers, which I am counting on, and a big number this month could trigger a shock to the system right before the second quarter earnings reports start to roll out. The Russell 2000 and the US Dollar were not what I would call reassuring aspects of the market and the Dow Transports basically served the role of spoiler to today’s lightly traded rally. What we could see after this holiday week with more bad news on the way and perhaps indications that the idiots in the Senate will pass the Cap and Trade fiasco along with some bad earnings reports and the bear market rally could start that long slow painful rollover into a bear market rout. Who knows at this point in time, but one thing for sure: With the government actively interjecting into almost every financial market inside of our borders it is only a matter of time before the foreign investors finish the process of extracting themselves from our nightmare.

That’s when life in the U.S. of A. will get very and disturbingly interesting.

The bananas poured themselves a cold one after the Turbo Timmy PPT bought a moral victory today to keep the country focused on more important issues like the celebrity death of the day or some other such nonsense. The DJIA was up over 90 points but on only 1.063 billion shares on the NYSE and nothing really special beyond that.

0629dowfinal.jpg

The UTT-BUGLY Chart of the Day is actually a “bullish” chart but it is UTTBUGLY because of its implications for the dollar in the future and the fact that there is a growing market for shorting our currency and betting on a major decline. The UUP and UDN are two good extreme ETFs to watch in addition to the dollar index for some idea as to where people are betting on the future of our beloved and ever more worthless buck.

0629UTTBUGLYudn.jpg

Until tomorrow.

-John

June 27, 2009

2009 FDIC Bank Closing Map

Filed under: Old Posts — John Galt @ 11:29 pm

by John Galt

June 28 ,2009

Being industrious and an insomniac has its advantages. But as a friend said to me a long time ago, you always get plenty of sleep when you’re dead so I decided to take a graphic look at Sheila’s handiwork under the Obamanation and plot the locations of every bank closing thus far this year, all 45 of them. If this catches on in popularity, I’ll add the credit unions next week after the next wave of FDIC closings.

All information comes directly from the FDIC Failed Bank List.

062609failedbanks.jpg

When you look at it like this, you realize this is a pretty weird map. California is well represented but Florida which has been one of the nuclear waste sites for the housing collapse has had only 3 failures thus far in 2009. There has been a lot of discussion about the unusual number of failures in Georgia and the fact that most of them have been around the Atlanta area so I thought a zoom in on the map would be in order:

2009failedbanks_GA0626.jpg
For those unfamiliar with this market, the majority of these banks were in the “boom” portions of the Atlanta metro area but the one in Commerce, GA is the exception to this rule. Unlike the Midwest, no banks have failed thus far in the rural areas of the Southeast which makes one wonder when not why this will start to occur.

If you’re interested in seeing this updated each week gang, just respond to this thread and I’ll keep it up to date now that I have the database established.

The Goebbelsnet

Filed under: Old Posts — John Galt @ 2:56 am

by John Galt

June 27, 2009

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The death of an Iranian protester. Outside of the members of that protest, the Iranian exiles worldwide, and a few “human rights” socialists, does anyone really care?

No.

The gift we have now and have taken for granted was seen as a “news source” and voice of freedom for exactly one week’s worth of a news cycle after the Iranian election. The mullahs and their fascistic power hungry minions thought they had the off switch to the internet under control but alas, there were gaps. Sadly for the dead protester above, peace in that region and America, they found their holes and have patched them.

Why do I say “sadly for America” you might ask? Simply put we have no influence in that region despite the popular protestations of hypocritical conservatives and allegedly concerned human rights liberals. As I outlined in another commentary here last week we could have changed the story but instead we decided to just depend on the citizens of Iran to take care of things on their own. However this editorial is not about rehashing the failures of thirty years of U.S. foreign policy in the region it is about information control and flow. It is also about this editorial, as every word you read now is subject to the control, review, editing and oversight of a computer, an agent or even a disgruntled local politician looking to make a splash.

Welcome my friends to the Goebbelsnet.

The internet is a fantastic tool. I remember using the original DARPANet (what we called it in college aka ARPANet) and all of us were absolutely fascinated as sophomores trading small bits of data and documents via dedicated lines with other students at UCLA. Ah, those were the days as we received information, printed it up on green bar and then attempting to explain it to family and friends. Fast forward to the early 1990’s and the Bulletin Board craze which lead to America Online and the World Wide Web. Thankfully American capitalism got its hands on the internet first during this period and while 2400 bps sounds slow now back in the mid-1990’s that was smoking when using the original Netscape!

As our now beloved “web” evolved the dangers of free speech became apparent not just to our government but to nations worldwide. Message boards, email, Twitter, Facebook, you name it all appeared and along with cell phone interfaces and once again private enterprise had leaped ahead of the concept of ‘control’ which makes governments and politicians nervous everywhere in the world. As information flowed faster, fiction and fact becomes distorted and as long as the politicians have total control, that is acceptable. If they need to introduce ‘doubt’ into a citizenry it is as easy as having an apparatus such as a cabinet level department leak information to a media outlet and presto, bango, a story appears that creates doubt or worry in the sheeple or masses. If a bureaucrat is instructed to ‘flush out’ troublemakers, they use their agents to mix with the crowd, introduce a fictitious story with supporting evidence on the web and some idiot will make a flagrantly felonious statement and “BOOM” the problem is picked up, sent to jail and does not collect $200.

Thus why Iran is a lesson for Americans. Our dependency on information flow for everything from business transactions to paying our bills at home, from emailing Mom to emailing an idiot politician, and from buying movie tickets to downloading music is all at the mercy now of one three letter word:

OFF

Don’t believe me? Go to an Iranian news site for anyone opposed to the mullahs, let me know how that error message works out for you; and I do mean an Iranian site, not an opposition site here in the West.  You see after their original blunder, the mullahs figured out that their camels could not turn off the internet. So they sent out their technical experts and shut it down. No information in, no information out. No propaganda in, no pleas for help out. The protesters feel exactly like those in 1956 Budapest, 1968 Prague and 1970’s Cambodia; abandoned by the West. Right or wrong, that is just how they probably should feel, yet what happens when it hits our nation? What happens when ‘the BIG emergency’ hits the United States?

The American people are under this false impression that there is no “OFF” switch for our internet, our phone system, our radio broadcasters, or our television broadcasting system. Ah ye of little understanding, comprehension or awareness. There are systems in place started since the 9-11 attacks for FEMA and other agencies to intervene and take over every aspect of communications for the allegedly ‘free’ citizen. The problem is we have never been tested so how would we know what it was like? Joseph Goebbels would know and he understood that during his time period, that was critical to controlling the masses.

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Map courtesy of: http://www.exxun.com/index.html

By now you’re wondering how a dead Iranian protester, a map of shortwave radio density by region/nation, and Joseph Goebbels might tie together with how America is now totally susceptible to an information blackout and why you had best prepare to either accept the ‘facts’ as presented by the mainstream media or had best open your mind up immediately to hearing what other nations and broadcasters have to offer.

Let’s take it from the Iranian situation and track backwards for a bit of discovery. First and foremost, how many Iranian internet non-governmental broadcasters with the opposition point of view can be heard now? Uh, yeah, zero. If you were in the region, how many mediumwave (that’s A.M. FYI) and F.M. broadcasters do you think are now under opposition control? Uh, yeah, zero. How many cell phone towers are allowed to freely interact with Iraqi and other nations to broadcast or transmit unauthorized data? Uh, yeah, zero.

Now what happened to the Western news media as soon as the information flow was restricted by the Iranian government? “We” went silent on the elections. You could probably find a story or two in your nearly bankrupt newspaper on page A13 right underneath the July 4th bra and pantie sale at Sears. In reality the coverage though in our broadcast media has been supplanted by the death of a freak, a Charlie’s Angel, and a gentleman who introduced a late night legend. Thus in the average American’s mind, the problem in Iran must be solved because you do not see people getting shot on television every night now. Yet in reality, mass graves are being constructed and executions under way. Can I prove that? No. But it is not a reach when dealing with a psychotic regime which is the equal of a Nazi nation that bows to Mecca daily. They announced they would crush the protests and the VEVAK shall enforce the actions desired by the embittered old fools that run that nation.

So how hard would it be to manipulate information here? Not hard at all. Look at the map above for some idea about shortwave radio ownership and activity by region. Then ask your neighbor if they listen to the Voice of Russia, China Radio International or Radio Australia. The first thing they probably will reply is something like “Is that on Dish or Direct TV?”

The consolidation of information control while expanding information access is the double edged sword that all regimes, be they “democratic” or totalitarian have always dreamed of. The ability to restrict the flow of news and information to citizens allows these governments to create a perpetual power base, creating a nightmare that keeps either party in power and destroying the ability of new ideas to contaminate their sandbox. Thus the dangers of information rationing throughout history become obvious. Americans, and by extension, the “West” have become slovenly in their desires to seek out the truth, ignoring non-approved opinions and ideas. History is replete with examples of the old media assuming the role of history revisionists and thus power brokers for the elite. For example, I was listening to 820 WWBA in Tampa on Thursday morning drive and Steve Roberts the ABC-Radio political reporter tried to justify the weak approach the media took towards Obama by claiming that Clinton despised the mainstream media because it was “their exposure of the Lewinsky story” that caused him all the problems he endured for two years plus. That is a bald faced lie, misstatement, or manipulation of the facts though. It was Matt Drudge at the Drudge Report who blew that whistle and exposed the fact that Michael Isikoff at Newsweek was sitting on the story for weeks.

Yet nobody cares about the lie, the changing of facts or by extension what else they might be lying about.

Thus our mainstream media, by and large, is now an extension, as Rush Limbaugh likes to joke, of a state controlled media, allowing political dissent to be “heard” but dismissed as the rantings of an elite class of ignorant people who just pay more taxes and shut up.

Meanwhile, as I type this, I am sure another hundred Iranians met their fate with a bullet to their heads.

So just how do I tie Rush Limbaugh, mass murdering mullahs, Steve Roberts with ABC radio and shortwave all together?

Think people. The internet has now been demonstrated multiple times as a compromised source of information. If the Iranians can read every email, control every portal and disseminate only information favorable to the regime, then what would stop our much more technologically savvy NSA from doing the same? Nothing, nothing nor one soul at all.

This leaves you limited outlets for information and limited time to learn how to bypass the Goebbelsnet. F.M. and mediumwave (A.M.) radio are limited in their broadcasting range and also already have been set up for government control to usurp the private owners and create a massive ‘emergency’ network for the Federal Government. This leaves shortwave radio as your last source and trust me, if you are a ham radio operator in these times, you are on the same “list” as message board owners, gun owners and broadcasters who refuse to cooperate with a sudden emergency that violates the U.S. Constitution.

Thus a shortwave radio, just to listen might save you. The Iranians thought that the U.S. Information Agency’s broadcasts of Radio Farda would provide needed information in the past but in reality, it is a joke. In recent years the programming staff at USIA due to budgetary restraints has gotten lazy and even broadcast original Iranian government news and information back into Iran instead of our own propaganda! Talk about a huge waste of money and most Iranians would agree.  This lesson should not be lost on you though. You have to understand that as America disintegrates, information independent of all sides no matter the bias, could keep you alive. You must learn where, how and what to listen to. Do not trust the government, do not trust your neighbor, do not believe every word being uttered or you could end up like the dead man at the top of this commentary.

Then reflect on the map above again. The “third world” is replete with shortwave radios owned by the citizens yet America thinks that internet streaming is the solution to reach them. Really? Any “streaming” into China is blocked by our own hardware and software inventions. Radio Canada International, about as neutral a nation as there is leases time on Chinese transmitters to broadcast to the region in other languages not to China yet their website is blocked to prevent them from hearing Chinese language broadcasts! Thus the foolishness of using the internet as the “cheap” solution to information providers and governments outside of a particular nation. Also you learn what Goebbels learned back in the early 1930’s; broadcasting to other nations in their languages is the key to creating disruptions in their population and the feelings about their own governments.

Thus the off switch on the internet now takes an even more prominent role.

Public opinion in those nations with huge shortwave radio ownership can easily be moved if a nation desires to. China broadcasts to all of them in their own languages while the United States and the West continue cutting those broadcasts back due to budget constraints. Thus, just who do you think has more influence in those resource rich regions? You guessed correctly if you screamed Chow Mein.

You, the reader, has to take a minute and divorce the Goebbelsnet if you wish to survive. You must learn about alternative means of communications, information gathering, and most importantly other languages if possible to hear the truth after our nation collapses. The debate might rage for years or just months about the pace of our collapse but with the currency about to implode, the lack of cohesiveness and unity in our nation and the Balkanization of our citizens for political exploitation being the rule of the day, it does not take much of a reach to expect the worst here and soon. Learn and learn fast my friends.

Your family’s lives might just depend on it.

Obamarket Update #106 for June 26, 2009: Fast Money, Fast with Facts

Filed under: Old Posts — John Galt @ 1:26 am

By John Galt

June 27, 2009

fast-money.jpg

It’s a really fast way for all of you to lose your money.

Ever since Dylan and Jeff Macke left the show it is a shell of itself and today’s constant “Golden Cross” refrain about the S&P 500 proves to me that you won’t get a fair shake watching this nonsense. While Guy Adami tried to explain the technical formation is not a solid lock and that there were exceptions, the crew just kept playing it over and over again. Yet in well over a year of watching Bubblevision did we hear the “Golden Cross” singing when gold crossed? Nope. Silver? Nope. Copper? Nope. Metal ETFs? Nope. Not until the S&P 500 crosses did we hear squat. Nothing on bond yields crossing, nothing on bearish ETFs, just that one index. So why is this important and why am I trying, once again, to point out the BubbleB.S. to my readers? Because these clowns ONLY WANT YOU TO BUY AND NEVER SELL.

One more time: Your obligation is to buy stocks and bonds, no matter how much money you lose.

Why do you ask? Look at the advertisers. I do not fault the cast, they have to make a living also. But the advertisers are all mutual funds and brokerage firms. How many of you have read the widely available contract clause that Morgan Stanley has with CNBC stating that if a “negative news item appears all advertisements must be removed for 48 hours” from the minute the report is aired? It’s there, and if you doubt me, Google is your friend.

Thus when you see a chart (this is not the one they flashed up) which is stretched the width of a 52 ” LCD 1080p screen to show that the S&P 500 has been somewhat flat for over a year, well you start to think: “Last year wasn’t really that bad now, was it?”

0626sp500cnbc.jpg

Honestly speaking, their video piece was streched even worse than mine and that’s 1000 plus wide. But using the power of the media that 10 second flash of a chart that doesn’t look that bad makes the average soul think “green shoots, green shoots, green shoots” and he or she yells out “honey, let’s order a green shoot pizza!”

Barfshoots.

Just like their graphs and proclamations.

Why does this golden cross look short lived to me? Let’s look at my usual 620 wide charts that I tinker with, daily charts and weekly charts.

0626sp500reality.jpg

Hmmmm. Just using that el briefo 3 month chart you can see the “gap” between the 50 and 200 DMA is spreading BUT the 50 DMA appears to be rolling over to the downside or flat. The 200 DMA is still diving like a Dick Bove Citigroup “buy” recommendation which indicates to me 800 could come into play if volume does not pick up and if some serious buying does not occcur and fast. Why do I say that? Let’s look at the weekly chart with volume and note the declinging volume and the flat pattern (not adjusted to CNBC standards).

0626SP500weekly.jpg

It’s a tired looking market with little volume for almost 2 months plus and worse, the news cycle is catching up with earnings to indicate that the recovery is not what it seems.

Unless of course you’re a government bureaucrat receiving muy bueno compensation to abuse taxpayers and their contributions to the Treasury.

Now let us contrast their graph not just with my S&P graphs but what a healthy post-Golden Cross pattern looks like, even if it is in an intermediate consolidation. Besides, I hate reporting just bad news so let’s look at the good news for once and stare at the gold charts.

0626gold1yrwdma.jpg

After the “Death Cross” last September when America looked like it was going into a 1930’s deflationary spiral, the slope of the 50 and 200 DMA was down as indicated by the arrow above. But after the “Golden Cross”, unsung by Bubblevision I might add, the slopes have turned upwards and support at the 50 DMA is holding. A 3 month chart illustrates the latter half even better.

0626gold3month.jpg

I do not think we see the rocket ship take off now to $2000 per ounce until the 200 DMA crosses 1000, but that is a matter of timing and right now it is building one of the healthiest and longest consolidations I’ve ever seen. I think we see the 200 DMA cross the 920-940 range and that supports a solid $1050 to $1200 on the gold spike coming up in the very near future as a black swan was hatched tonight and if it grows and flies soon, well, carry an umbrella because the droppings will leave craters in our nation and its financial markets.

Meanwhile, back in the equities, the DJIA weekly chart still looks like hulking death as it just can not spike up no matter what manipulation occurs.

0626dowweekly.jpg

Come on GS, get your act together.

The UTT-BUGLY CHARTS of the Week are a twofer this week! Yes, it is our beloved dollar which rallied, fell, rallied, fell then just crapped out today. I used the USDX and UUP charts to illustrate that this is getting U-G-L-Y as Obama in a grass skirt at a White House luau.

0626UTTBUGLY1_USD.jpg

Funny. I did not hear the ‘CROSS OF DEATH’ moaning and scream on “Fast Money” tonight. Or last week. Or the week before, etc., etc.

So let’s look at more hulking death:

0626UTTBUGLY2uup.jpg

With the 200 DMA rolling over and the 50 DMA continuing to crater the next Golden Cross, much like the S&P 500 now, will be substantially lower which screams of currency crisis this fall. So prepare please, as quickly as possible for the worst case scenario.

With that, I’m tired, I don’t know why I’m up this late and I really needed to get this off my chest. So I hope you enjoyed my charts, my commentary and please, don’t laugh at my home drawn arrows. They are all I can afford because I didn’t get any stimulus from all these green shoots.

-John

June 26, 2009

Bleeped

Filed under: Old Posts — John Galt @ 8:47 pm

by John Galt

June 26, 2009

The headline from Drudge says it all:


219-212

The sad part is that most of America is oblivious to what happened. Imagine that today’s date is December 7, 1941. The Japanese bomb and destroy the Pacific Fleet in Pearl Harbor. It takes Americans until 1943 to realize what has happened and react appropriately, long after the state of California was conquered and the citizens started to be trained to work as slave laborers and speak Japanese.That is where we are at today.

Except it is not a militarist Japanese state. It is a Marxist American version.

Why is this alarming? The Germans, Italians, Russians, East Germans, Communist Chinese, North Koreans, Albanians, etc. did not have the technological know how or weaponry to initiate the “state control” that we, the technological marvel that Ben Franklin would now be ashamed of, has managed to amass. The tools which I use to communicate with you, via internet broadcasting or radio, message boards or blogs will soon be stifled if this act passes the Senate. Why you dare ask? Because once they control the entire energy sector it is not too much of a reach to conclude that any dissenting comments will make you an enemy to the economy and hence the state.

Game over gang.

America is BLEEPED.

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