Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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 →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 →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 →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 →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 →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 [...]
Continue reading →Around the USA, thieves are stealing bottles of liquid Tide. I did a Google search for these three words: liquid Tide theft. I got a lot of hits. The thieves could steal anything. Why are they stealing Tide? Because Tide functions as a black market currency. To function as currency, a commodity needs the following: [...]
Continue reading →John Embry, a specialist in the gold market, commented on he sharp decline in gold and silver this week. You are seeing gold take out some short-term technical support levels. I guess the next one of significance is at $1,650. If gold were to take $1,650 out, that would get more of the hedge funds [...]
Continue reading →If the economy recovers, oil demand will soar. The price will rise. It is already over $100 a barrel. The USA is dependent on non-OPEC suppliers. So is almost half the world. To see whether the free market will respond, ask yourself: Has output increased since the decline in price to under $40 in 2008? [...]
Continue reading →Gold is approaching $1,800. In late December, you could have bought it for under $1,550. A year ago, you could have bought it for $1,320. Is it going lower? Legendary commodities investor Jim Rogers has this to say. Throughout history when you have people printing money and debasing currency, the way to protect yourself and [...]
Continue reading →