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MF Global Collapse Threatens Commody Futrures Market

Written by Gary North on November 21, 2011

The bankruptcy if MF Global is creating ripples. The outfit was high leveraged, using commoidity futures. The managers used customers’ money — cash basis, no debt — to cover losses in its own speculations. The customers cannot get their money back. They must wait. They may suffer 50% losses. Always before, the clearing house assured […]

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God, Gold, Groceries, and Guns

Written by Gary North on November 15, 2011

These are the Big Four. I first wrote about this in 1980. Most of the time, we muddle through. We bump along. But a wise person has reserves. I mean reserves in the broadest sense. Faith in God is more reliable than faith in gold. As for groceries, they are cheap, especially for wise shoppers […]

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Why the Goverment Will NOT Confiscate Your Gold

Written by Gary North on November 14, 2011

People who buy gold worry because they think the government may confiscate their gold. There are reasons — a lot of reasons — to think that this fear is way overblown. For one thing, gold has no monetary function in the modern economy, except for central banks. It is not 1933, when American used gold […]

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Gold Will Go to $3,000, Says Professor

Written by Gary North on November 14, 2011

The Establishment economists do not see this, nor did they see gold at $1,700 in 2001. But occasionally one of them changes his mind. Dr. Peter Morici did. He thinks that the turmoil in Europe’s economy will push gold higher. He thinks the problems in Europe will not be solved. I agree with him on […]

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