Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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An audio report on the Trunews site says that the Department of Homeland Security is preparing for a civil war in the United States. The reason: hyperinflation. The source was one man, unnamed, inside the DHS. The scenario is conceivable: hyperinflation. But it assumes that the Federal Reserve will be willing to destroy the dollar. [...]
Continue reading →The #1 source of new jobs in any economy is the creation of start-up businesses. In the 1980s, the percentage of new business start-ups to businesses in general was 13%. In 2010, it had fallen to below 8%. This was the lowest on record. In 2010, about 400,000 new businesses began. As a result, there [...]
Continue reading →The Economic Collapse Blog runs wonderful articles on bad stuff that is threatening us. I love these articles, because the editor posts links to at least one article that supports his claim. These links are a treasure trove. The editor has a knack for assembling these links into one comprehensive summary. One after another, link [...]
Continue reading →Mexico is no longer a Third World nation. Its increasing urban prosperity is luring rural Mexicans into cities in Mexico rather than the United States. This is permanent. “I think the massive boom in Mexican immigration is over and I don’t think it will ever return to the numbers we saw in the 1990s and [...]
Continue reading →Maybe you have read that things are so bad in Greece that middle class people are turning to barter to get what they need. Things that anyone can buy cheaply today will be valuable in a time of inflation and price controls. Common items will get scarce. It’s also important to recognize that we can’t [...]
Continue reading →The Institute for Supply Management issues a monthly report on economic conditions in business. It is based on a comprehensive survey. Investors pay attention to this report. The report for February was positive for manufacturing: above 50. But it was lower than for January. “The PMI registered 52.4 percent, a decrease of 1.7 percentage points [...]
Continue reading →The Case-Shiller housing price index fell 1% in December. That was down 4% for 2011. This index is an average of three months. The last time the index was this low was in 2003. That means that nine years of investment returns are zero. But of course, the returns are negative. The houses are older. [...]
Continue reading →Gasoline prices are up since December. (So is the price of gold.) President Obama says there are no quick fixes. He is correct. The fear over an attack on Iran is driving up oil prices. The week after Israel attacks Iran, you can figure gasoline prices will be 50% higher. A month later, maybe another [...]
Continue reading →President Obama hopes that good news on the job front will guarantee his re-election. That hope is about to hit the statistical wall. A hullabaloo broke out on February 3 after the BLS released its jobs report that indicated that a surprisingly robust 243,000 jobs were created in January, and that the unemployment rate had [...]
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 [...]
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