Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on August 20, 2013
The TIC report, issued monthly by the U.S. Treasury, indicates that the central banks of Japan and China recently started selling Treasury debt. I have created a quick link for subscribers. You can check this at any time. Type in this address, and click: http://bit.ly/TICreport. This month, the dumping of U.S. Treasury bonds by foreigners […]
Continue reading →Written by Gary North on April 4, 2013
The Bank of Japan has announced a quantitative easing (mass inflation) QE program that matches Bernanke’s: $75 billion a month in purchases of Japanese government bonds. This is just under $1 trillion a year. But Japan’s GDP is only $6 trillion — 40% the United States’ GDP. This is way beyond Bernanke. For the Bank […]
Continue reading →Written by Gary North on October 12, 2012
So, you think your capital is safe. You think it would take a law to freeze your assets permanently. Silly you. All it takes is an executive order signed by the President. Here is the most recent example. It applies to all Americans: individuals and corporations. The way this legal precedent is being set is […]
Continue reading →Written by Gary North on January 18, 2012
The government knows how to make important facts really boring. Consider this: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total November exports of $177.8 billion and imports of $225.6 billion resulted in a goods and services deficit of $47.8 billion, up from $43.3 […]
Continue reading →Written by Gary North on January 16, 2012
Did you know that there is a tight correlation between the completion of the world’s tallest skyscraper and either a recession or a depression within a year or two? Well, there is. Dr. Mark Thornton of the Mises Institute published an article on this in 2005. Worldwide, real estate peaked in 2006. Then came the […]
Continue reading →Written by Gary North on January 10, 2012
Keynesians learn nothing. Here is an article on how great financial repression is when compared with liberty. Voters in the West have accepted this for 75 years. Financial repression is the name economists give to the various ways that governments encourage or force investors to buy sovereign debt at unattractive prices. Economists Carmen Reinhart and […]
Continue reading →Written by Gary North on December 28, 2011
China and Japan have taken the first step in abandoning the dollar. I have been waiting for this for years. Now it has happened. Japan and China will promote direct trading of yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government […]
Continue reading →Written by Gary North on December 12, 2011
Bill Bonner’s Daily Reckoning ran this. The IRS has extended its long arm to foreign banks. The FATCA law (Foreign Account Tax Compliance Act) will force banks across the globe to collaborate with the IRS. An explanation of the huge repercussions this legal precedent will have on banks and banking clients. Once FATCA — Foreign […]
Continue reading →Written by Gary North on December 1, 2011
China is the world’s #2 economy after the USA. It has the world’s largest real estate bubble. That bubble has popped. The losses will be enormous. China is also facing price inflation, especially of food. Why? Because of its monetary inflation. The central bank has been goosing the economy with fiat money for a decade. […]
Continue reading →Written by Gary North on November 30, 2011
The politicians in Europe are planning another summit meeting on December 9. The more summits they have, the more it becomes clear that they have no solution. If they did, they would need only one summit. Matthew Lynn nails it: “Every week we get another big search for a smart-sounding scheme to rescue the project. […]
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