Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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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 →Gegor McDonald is an authority on peak oil. Here, he is interviewed by GoldMoney, the gold bullion storage firm located in Great Britain, but run by an American, James Turk. * * * * * * * * * * * * *Why do you think so many people are reluctant to accept the concept [...]
Continue reading →Gold in late December was under $1540. Today, it is $200 higher. What happened? A Forbes colmnist offers suggestions. First, gold is not like other commodities. It is an alternative currency. The European crisis is accelerating. Second, hedge funds had to sell to redeem shares. Third, low interest rates help to keep ownership cheap. Alternative [...]
Continue reading →The Baltic Dry Index sounds really dull. Usually, it is. Not now. This index measures freight rates for ships that transport commodities. When demand for commodities falls, less freight is shipped. But the same number of ships are competing for tonnage. So, rates fall. Demand for commodities falls as a prelude to a recession. A [...]
Continue reading →Natural gas sells for about $3 per million BTUs. Oil sells for $20. Why is natural gas cheap? Because it costs money — a lot of money — to make the switch. We are an oil-based civilization. But this price will be paid. It must be paid. Peak oil is real. Here is an article [...]
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