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Will Cyprus’ Central Bank Sell Some of Its Gold?

Written by Gary North on April 12, 2013

The European Commission says it should. But it does not have to. The government cannot make the bank sell its gold. So far, the government has not tried. The financial media speculate that Italy, Spain, and Portugal may sell their gold. This is not backed up by even an anonymous leak from inside a central […]

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Gold As Legal Tender for States

Written by Gary North on April 9, 2013

In a dozen states, there are bills to make gold legal tender. Nothing much will come of this. First, the concept of legal tender is anti-free market. A state should not declare anything as legal tender. It should limit itself to declaring the proper currency for the payment of taxes. Second, most of these bills […]

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Gold and Silver Coins in Arizona May Become Legal Tender

Written by Gary North on March 22, 2013

Arizona is likely to become the second state after Utah to pass a law specifying that gold and silver coins will be regarded as legal tender inside the borders of the state. Other states have similar legislation pending, but Arizona is the most likely state to see this legislation become law. I don’t think this […]

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A Phony Gold Standard for Economically Clueless Conservatives

Written by Gary North on March 21, 2013

Nathan Lewis is a contributor to Forbes. A contributor is a non-salaried writer. Contributors fill up the Forbes site to generate ad revenues. The policy favors quantity over quality. Lewis attacks Austrian School economists as kooks. Why? Because they do not trust the federal government to set up a gold standard that does not rely […]

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Kilowatt Money: Zombie Economics for Naive Conservatives

Written by Gary North on March 20, 2013

Gary North’s Reality Check The conservative movement has always been filled with monetary cranks. This has been true for well over a century. These cranks have never read a book on economics. They have never taken a class in economics. They have zero practical experience in finance. They come before the conservative public and present […]

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No Gold Audit of Ft. Knox . . . in 60 Years

Written by Gary North on February 20, 2013

A fake gold audit of the gold in the Federal Reserve Bank of New York, a private depository, was made by the government. It did not include any audit of the legal claims against this gold. The audit mentioned that the government’s gold is in Ft. Knox. No audit was made of the gold in […]

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Gold Is Not Money. This Video Shows Why.

Written by Gary North on February 11, 2013

Mark Dice says that hardly anyone knows the price of gold. To prove this, he went out on a pier at the beach in southern California. He stopped people and told them they could have a free gold coin if they guessed the price of gold within 25%. He showed them the coin. No risk. […]

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The German Central Bank Wants Half of Its Gold Back.

Written by Gary North on February 1, 2013

The German central bankers have been pressured by politicians to demand that half of the nation’s gold be sent back to the German central bank. Senior officials at the Federal Reserve persuaded the Germans to get their gold back over seven years. Does this sound as though the New York FED has assigned Germany’s gold […]

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