Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on October 1, 2016
I think there will be a government bailout of Deutsche Bank this year. Commerzbank may be in equally bad shape. Its shares are sliding. If Germany’s government must intervene, then European depositors will ask themselves: Which banks are safe? They can deposit euros in banks in every nation in the eurozone. But which banks? Which […]
Continue reading →Written by Gary North on July 9, 2016
Except when he offers his views on tariffs, namely, that sales taxes on imports would help America, I like Pat Buchanan’s views. He sees that the West is in a state of moral decline. He sees that Europe is committing suicide demographically. This is visible in the various national birth rates: below replacement rate of […]
Continue reading →Written by Gary North on June 25, 2016
The betting sites were wrong. The polls were wrong. The politicians were wrong. The last YouGov poll was 52 to 48 “remain” hours before the voting ceased. The vote went the other way: 52-48. The law of large numbers was wrong: polls and betting. So were the capital markets. The Dow was up 230 on […]
Continue reading →Written by Gary North on June 25, 2016
The fall of the USSR was the greatest victory. It came in the final week of December, 1991 Brexit came in less than one day. The USSR had looked shaky in the second half of 1991. Britain’s position in the EU looked solid until after the initial voting results trickled in. The New World Order […]
Continue reading →Written by Gary North on June 25, 2016
It’s not what you might imagine. It was revealed over 30 years ago on Yes, Minister — Mrs. Thatcher’s favorite TV comedy.
Continue reading →Written by Gary North on November 7, 2015
At the same time, this is only the beginning of the crisis, because the conditions inciting people to flee their homelands will only worsen. And the EU, many of whose members have the world’s largest and best-equipped welfare systems, appears to be overwhelmed by it — politically, morally, and administratively. This paralysis creates a significant […]
Continue reading →Written by Gary North on July 11, 2015
Posted on July 4, 2015
By Jared Dillian I was watching the 6 o’clock news and saw images of closed banks in Greece and people lined up at ATMs. I’m sure you did, too. This must seem surreal to most people because it seems so remote. But put yourself in these people’s shoes for a second. You have money in […]
Continue reading →Written by Gary North on February 2, 2015
It is a delight to watch. The new Greek government, which is Communism lite, is sticking it good and hard to the idiot European bankers who loaned Greece far more money than Greece is able to repay. The government is telling the Eurozone to cancel the debts. This would mean that the Eurozone will be […]
Continue reading →Posted on January 6, 2015
By Harris Kupperman What is the senior debt on a shale play that needs $100 oil to be profitable worth? With oil at $51, it’s worth roughly zero. What is the equity worth? Even less. What is the junk debt worth? Somewhere in the middle. The first epiphany in the shale patch will soon be […]
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