Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Posted on January 2, 2016
By David Stockman The giant credit fueled boom of the last 20 years has deformed the global economy in ways that are both visible and less visible. As to the former, it only needs be pointed out that an economy based on actual savings from real production and income and a modicum of financial market […]
Continue reading →Written by Gary North on January 14, 2015
Of all commodities, copper’s price is the favorite indicator of how well the economy is doing. If demand is falling now, manufacturing is heading for the skids. Demand is falling now. Yesterday, the Dow Jones Industrial Average opened up by over 200 points. Later in the day, copper fell a startling 6%. The DJIA closed […]
Continue reading →Written by Gary North on January 28, 2014
In 2011, the University of Texas investment committee took delivery of what was then just under $1 billion worth of gold. It had held the gold in the form of gold futures contracts. Kyle Bass persuaded the committee to take delivery. This video is worth viewing. Bass explains why he recommended this decision. The statement […]
Continue reading →Written by Gary North on June 5, 2013
This is how to make a promo. It is a promotion for the major libertarian event of the year. This is “the gathering of the tribes.” Are We Rome? FreedomFest 2013 from Smooky on Vimeo.
Continue reading →Written by Gary North on December 28, 2012
The price of milk will double if Congress does not pass a replacement farm bill. We will be paying $7 a gallon. That’s because the federal government’s milk producers’ subsidy will go to $7 a gallon. The dairy industry will rejoice. “Happy days are here again!” “We’re in the money!” The lapse of today’s farm […]
Continue reading →Written by Gary North on July 11, 2012
The advisory body that advises the government on how to regulate commodities had as its advisory board a man whose attempted suicide yesterday led to a discovery. Missing is half the money invested by his clients: $200 million. His name is Russell R. Wasendorf, Sr. This page will be pulled soon. The original page was […]
Continue reading →Written by Gary North on June 26, 2012
The sharp decline of oil prices has been very good news for consumers. Gasoline prices have fallen. This leaves more money in family budgets. This is good news. Here is the bad news as of June 25. The biggest selling pressure came from cyclicals but was broad-based. All 10 sectors in the Standard & Poor’s […]
Continue reading →Written by Gary North on June 21, 2012
There is little doubt that China is entering into a recession. The government of China’s statistics do not indicate this, but another key indicator does: the purchasing manager’s index. When it falls below 50, this indicates contraction. The PMI for China’s manufacturing sector is headed for 48.1. When China’s manufacturing sector is contracting, the urban […]
Continue reading →Written by Gary North on April 12, 2012
American voters who approve of President Obama’s sanctions on Iran should also approve of gasoline prices that are 25 cents per gallon higher than they would have been apart from the sanctions. Economic sanctions are restrictions on trade. Restrictions on trade raise prices. There can be no economic sanctions imposed by the federal government that […]
Continue reading →Written by Gary North on April 9, 2012
There is a naive hope that new oil supplies in Canada and the USA will enable the world to keep up with rising demand for oil from Asia. It won’t happen. Gregor Macdonald is one of the world’s leading experts in oil supplies. He reminds us of reality: oil development takes decades, not years. For […]
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