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A Johnny Cash Parody: “I’d End the FED”

Written by Gary North on November 30, 2011

YouTube lets creative people have a shot at fame. This music video gets across a point: it is unwise to trust the Federal Reserve System. Bernanke will not be amused. Its theology isn’t on-target, but its economics are. When little people can put together videos like this and post them, this puts the Establishment on […]

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FED Bank Bailout Papers Prove the Tea Party Is Right

Written by Gary North on November 29, 2011

Bloomberg had to get a Supreme Court ruling to get the Federal Reserve to turn over 29,000documents on the 2008/9 big bank bailouts. Slowly, journalists are finding out what happened. They are also finding out why the FED refused to turn them over, as required by the FOIA law. MarketWatch reports: The Fed didn’t tell […]

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Bailout FOR the FED, Not from It

Written by Gary North on November 28, 2011

Remember this question: “Who guards the guardians?” I offer another: “Who lends to lender of last resort?” This is not hypothetical. The Federal Reserve is called the lender of last resort. In theory, it can always escape  an audit. It cannot be shut down. But this applies legally only to the Board of Governors, an […]

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Inflation Ahead, Then a Return to a Gold Standard — Dr. Rahn

Written by Gary North on November 25, 2011

Richard Rahn is a free market economist with the Washington think-tank, Cato Institute. He has drawn attention to the reasons why we should not expect deflation. The Federal Reserve will see to that. He sees whaere present policies are headed unless governments reverse course. “The major world governments are in the process of destroying the […]

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Gold and the Euro Crisis

Written by Gary North on November 25, 2011

The Eurozone is facing a crisis, as we know. There is not much interest in this by Americans, yet we are connected to Europe through the banks. Therefore, the Federal Reserve will intervene, if it thinks this is necessary. What will this mean for gold? Here is one answer. The obvious catalyst is a massive […]

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Why Occupy Wall Street and the Tea Party Are Opposed

Written by Gary North on November 23, 2011

Occupy Wall Street is the Left’s belated attempt to counter the Tea Party movement. The Tea Party caught the public’s attention through its spontaneous 2008 protest against the mess that Congress has produced. It is bringing this message to Americans: the government is too big. It spends too much money. It borrows too much money. […]

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Boston FED President Says FED Can Bail Out Europe

Written by Gary North on November 23, 2011

The president of the (privately owned) Federal Reserve Bank of Boston said recently that the European Central Bank can and should inflate, so as to solve the crisis. But the Federal Reserve can and should join with other central banks to help the ECB solve the crisis. This was the first time that a senior […]

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Price Inflation Remains Low

Written by Gary North on November 18, 2011

I prefer to use the Median Consumer Price Index to the regular CPI. In October, prices rose 0.2%. They have been in this range for months. The more common index, the CPI, reveals a comparable low rate. As I have been saying for two years, price inflation is low because banks have stashed $1.6 trillion […]

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