Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on June 11, 2013
Edward Snowden is now the talk of the town — and the world. His story on the NSA’s PRISM spying system has given exposure to a story that NSA expert James Bamford had exposed in 2008, but which no one in the mainstream media bothered to promote. Snowden went to the Washington Post first, but […]
Continue reading →Written by Gary North on June 3, 2013
Fact #1: Senator Diane Feinstein is married to the CEO of the largest commercial real estate services firm in the U.S. Fact #2: The U.S. Postal Service is going bust, because it can no longer compete. It has a monopoly, but it’s market is shrinking. Fact #3: The U.S.P.S. is selling off 41 post offices […]
Continue reading →Written by Gary North on May 28, 2013
Around the world, half a dozen cybercurrency sites were shut down last week. The URL addresses of the sites have been changed. All attempts to get into them by investors have been blocked. The site addresses have been re-routed. The new site address owner is refusing to say what is going on. It is obvious […]
Continue reading →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 […]
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