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Food Prices Will Keep Climbing

Written by Gary North on January 9, 2012

The Chinese are buying food. That is what people in poor nations buy when they get less poor. For China, the disparity between urban, coastal wealth and rural, interior wealth is enormous. People in interior towns are finding it very expensive to buy food. There are riots, which are not widely reported. As for Egypt […]

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If Iran Blocks the Straits, Worldwide Recession Is Sure

Written by Gary North on January 4, 2012

Iran’s leaders are talking tough about shutting down the straits of Hormuz. This may be a way for them to get the West to negotiate from a weaker position regarding Iran’s nuclear fuel program. Or it may be that Iran thinks there is an attack coming. The question is this: Will oil prices skyrocket if […]

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Your $2 Million Tax Obligation

Written by Gary North on January 2, 2012

Each year, David Collum produces a review. It covers a lot. Let me begin with the overall assessment. We have a massive global debt problem that will take years to unwind. Some think it is a zero-sum game, but I disagree. The World is blanketed with people fully aware of what has been promised to […]

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Oil: From Russia, Without Love

Written by Gary North on December 27, 2011

In 2002, about 60% of the world’s oil came from non-OPEC sources. Today, it’s about 57%. Problem: Russia now supplies 25% of this non-OPEC oil. Today, Royal Dutch Shell and Exxon Mobil “have essentially abandoned the effort to meaningfully expand their oil reserves. Instead, they are now shifting course in favor of a strong, natural […]

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Predictions for 2012 by the Doomster

Written by Gary North on December 26, 2011

Mark Faber edits the Gloom, Boom, and Doom newsletter. He lives in Hong Kong. He is a pro-gold, anti-Keynesian analyst. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor recently discussed his 2012 predictions. In a nutshell, he expects politicians in the US and the EU to keep on addressing symptoms rather […]

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Better Than Gold or Silver

Written by Gary North on December 26, 2011

The next boom asset is here. It is scarce. It will experience rising demand. And it does well in recessions, not just inflationary booms. As the economic crisis has worsened over the last several years we have made it a point to inform our readers about the possibility of a system collapse so severe that […]

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Peak Oil: Good News and Bad News

Written by Gary North on December 22, 2011

Is peak oil real? Yes. Is it an imminent threat? No. Take a look at this graph. It reveals that peak oil usage per person peaked in 1973. Then it dropped. It has been flat for decades. What are some of the implications: These. The global population data are from the US census bureau, and […]

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Foreigners Are Buying America’s Gasoline

Written by Gary North on December 7, 2011

This is hard to believe. Gasoline producers find it more profitable to sell gasoline and diesel to foreigners than to Americans. They are exporting it. Foreigners are bidding higher prices. In short, foreigners are in a stronger position to buy what refineries produce than Americans are. This is discussed as though this is excess gasoline […]

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