Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on May 16, 2013
Bitcoin has been promoted as digital money, an alternative to fiat money. The company’s owner’s will now get to test their theory. Their fiat money just got frozen by the federal government. The Feds seized Bitcoin’s bank account. Everyone with any understanding of the U.S. government knew that something like this would happen. Maybe the […]
Continue reading →Written by Gary North on May 13, 2013
Bill Gross is the CEO of Pimco, the largest bond fund on earth. In his latest newsletter, he lays it on the line. The government is working against all investors. In the language of finance, the government will give investors a haircut. During and after World War II most countries with high debt overloads resorted […]
Continue reading →Written by Gary North on May 10, 2013
Average student debt for college is now $26,500. That is up 5% from last year. As with almost everything else in life, Pareto’s 20-80 rule governs student debt. About 20% of students with debt carry 80% of this debt. Median debt is half this: about $13,600. Half owe more; half owe less. What the stories […]
Continue reading →Written by Gary North on May 9, 2013
Despite a horrendous unemployment rate of 45% for this age group — almost as bad as Spain’s and Greece’s — about 60% of America’s young adults believe that the government should get out of their lives. Even more amazing, half believe that the government is not helping the economy. Two-thirds are favorable to entrepreneurship. These […]
Continue reading →Written by Gary North on May 1, 2013
An Oregon company says that it has developed a new technology which will prevent drones from “completing their mission.” It will not say how this technology does this. It does not say what it will cost. But it claims that commercial units will be affordable for private homes. The company has applied for a patent. […]
Continue reading →Written by Gary North on April 29, 2013
The U.S. economy will grow by 3% in July. How do I know? Because a statistician with the government says so, that’s how. How does he know? Because the new accounting methodology guarantees it. Here’s how it works! From now on, money invested in research and development will be counted as an addition to GDP. […]
Continue reading →Written by Gary North on April 26, 2013
An Associated Press story describes a political war in the State of Israel. A new political party is now in second place. This is in a nation in which no political party has ever gained a majority vote. It is a nation of coalition politics. The new party is opposed to what is called ultra-Orthodox […]
Continue reading →Written by Gary North on March 29, 2013
How bad is the United States Postal Service? In order to get a straight answer on this, ask the federal government. The federal government uses the Postal Service 2% of the time. Here is an agency that is so utterly incompetent that the United States government will not use it. How’s that for a testimonial? […]
Continue reading →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 […]
Continue reading →Written by Gary North on March 11, 2013
In 2012, there were 1.5% more rides on government-subsidized transportation. In response, 80% of all public transportation programs were reduced. This is how government operates at the local level. This information comes from a recent report from the American Public Transport Association. The head of the APTA blames volatile gasoline prices. A 2012 report by […]
Continue reading →