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Why I Don’t Take Jim Rickards Seriously

Written by Gary North on January 7, 2017

James Rickards writes “the end is near” books. He writes about finance. His latest potboiler is titled, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis. When you read it, you will find that there actually is no secret plan. In fact, it’s the same old deal. He announces this […]

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India’s Anti-Cash Modi Liberates the Rest of Us

Written by Gary North on December 10, 2016

modi

India’s Prime Minister Narendra Modi is just another political hack. Like politicians in general, he does not understand economics. He does not understand the law of unanticipated consequences. He does not understand that government is dumb. On November 8, he unilaterally and without warning declared the two highest value paper currency units obsolete: the 500-rupee […]

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Trump’s Revolution Has Ended

Written by Gary North on November 12, 2016

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“President Obama is a very good man. I will seek his counsel in the future.” — Donald Trump (November 10, 2016) The honeymoon with his supporters did not last long, did it? I begin with two statements. First, Donald Trump is not part of what is sometimes called “the conspiracy.” Second, he will be on […]

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JP Morgan’s Jamie Dimon: Secretary of the Treasury?

Written by Gary North on November 12, 2016

jamie-dimon

Goodbye, Goldman Sachs. Hello, JP Morgan? It never hurts to ask. A senior person on President-elect Donald Trump’s transition team contacted JPMorgan Chase & Co Chief Executive Jamie Dimon to see if he would be interested in being U.S. Treasury secretary, a person familiar with the matter said on Thursday. It is unclear how Dimon […]

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Franklin Roosevelt’s Big Bank Bailout: March 6, 1933

Written by Gary North on October 15, 2016

roosevelt

You grew up on this story: “Franklin Roosevelt saved capitalism from itself.” This is one of the major myths of American history. Here is how we should understand the New Deal: Franklin Roosevelt saved the big bankers from their depositors. To understand the truth, you must understand what is never mentioned in the textbooks. Roosevelt […]

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Germany’s Banking Crisis Accelerates

Written by Gary North on October 1, 2016

deutschebank

I think there will be a government bailout of Deutsche Bank this year. Commerzbank may be in equally bad shape. Its shares are sliding. If Germany’s government must intervene, then European depositors will ask themselves: Which banks are safe? They can deposit euros in banks in every nation in the eurozone. But which banks? Which […]

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When Money Fails

Written by Gary North on April 23, 2016

hyperinflation

Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all […]

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