Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on March 4, 2017
Take a look at this chart of the wealth of nations. It was published here This chart indicates just how dominant the United States of America is economically. Whenever you hear about the decline of the United States in terms of productivity, especially manufacturing, please keep in mind this chart. China is catching up in […]
Continue reading →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 […]
Continue reading →Written by Gary North on September 24, 2016
Ambrose Evans-Pritchard has written an article on a United Nations report on debt and default. He is a Keynesian. He worries about deflation. Deflation is the ultimate negative sanction in his view. Like all Keynesians, he does not understand the healing effects of deflation. But I read him because he provides data on the fragility […]
Continue reading →Posted on September 24, 2016
By John Mauldin Yes, the system is rigged, just not in the way that 99% of the people think it is and not by those they think are doing the rigging. Greed is not the reason for the rigging, nor are any of the other usual “follow the money” reasons. We cannot make a convenient […]
Continue reading →Written by Gary North on August 13, 2016
He keeps trying. He is always wrong. I begin with a chart of Federal Reserve monetary policy. Since October 2014, the FED has pursued the longest period of monetary stability in the last 30 years. Let’s look at this chart from October 2014 until today. This reveals deflation, not inflation. This is not what is […]
Continue reading →Written by Gary North on March 5, 2016
Posted on January 23, 2016
With Union Pacific, Canadian Pacific Railway and CSX reporting downbeat quarterly earnings recently, company executives and analysts say the rail sector is clearly in recession — and the industry may signal contraction in the broader economy as well. On Thursday, top U.S. railroad operator Union Pacific (NYSE:UNP) said freight revenue for coal plunged 31% in […]
Continue reading →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 October 3, 2015
You had better spend 15 minutes and watch the video posted here: http://carlicahn.com.
Continue reading →Written by Gary North on September 12, 2015
Most economic statistics don’t lie, but they mislead. The statistics produced by the Bureau of Labor Statistics are pretty good, according to prevailing economic theory and statistical theory, but they are misleading to a fault. This is not because the government rigs the statistics. It is because objective statistics cannot deal effectively with subjective value. […]
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