Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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An audio report on the Trunews site says that the Department of Homeland Security is preparing for a civil war in the United States. The reason: hyperinflation. The source was one man, unnamed, inside the DHS. The scenario is conceivable: hyperinflation. But it assumes that the Federal Reserve will be willing to destroy the dollar. [...]
Continue reading →Inflation drove up housing prices, 1965 to 2005. We are going to have more inflation. The real estate bust has made millions of homes available. This has driven down housing prices by 40% in the last five years. Mortgage rates are low. If you lock in a 30-year mortgage at a fixed rate, you can [...]
Continue reading →You deserve a bedtime story. Uncle Gary has a good one for you. Once upon a time, there were two United States Senators. One was a Democrat. The other was a Republican. They were very concerned. The government’s deficit was up again this year. Of course, it was always up again, every year. But this [...]
Continue reading →Maybe you have read that things are so bad in Greece that middle class people are turning to barter to get what they need. Things that anyone can buy cheaply today will be valuable in a time of inflation and price controls. Common items will get scarce. It’s also important to recognize that we can’t [...]
Continue reading →A columnist for the London Telegraph admitted that he had a deadline to meet, but he had nothing much to say. Then he proved it. I doubt his audience had any idea what he was talking about when Ron Paul, the US presidential hopeful, declared that “we are all Austrians now”, but you have to [...]
Continue reading →For one week only, I am making available my book on money. It shows how the fractional reserve banking system creates the boom-bust cycle. It shows how the Federal Reserve was set up to keep this system going. Maybe you have been confused about monetary theory. This book will clear things up. Why am I [...]
Continue reading →On February 29, Bernanke gave a soothing presentation to a House committee. The stock market dropped a little. Gold and silver dropped like a stone. The media focused on Bernanke’s hint that QE3 will not be necessary, that economic growth is slow. Conclusion: monetary stability. At the same time, the European Central Bank injected $712 [...]
Continue reading →We keep reading of a great de-leveraging that is taking place. Yet the figures say the opposite. Debt is racing higher. In the United States, total debt, not counting unfunded liabilities of Social Security and Medicare, is now about $53 trillion. It has risen by $3 trillion since 2008. Debt owed by private citizens is [...]
Continue reading →What is the #1 budget-buster over the next decade? Medicare. Will voters allow cuts in Medicare? No. Tea Party promoters say they are in favor of cutting spending. The problem is, they resist cutting spending for Social Security, Medicare, and the Defense Department. Yet these are the three budget-busters. Keynesian liberal economist Paul Krugman has [...]
Continue reading →Rick Rule, the legendary investor, has some thoughts on the Federal Reserve’s newly announced policy of low interest rates through 2014. My thought here is a reflection on statements by senior US monetary officials and the world’s reaction to them. There are two statements from the Federal Reserve I find interesting. The first signaling to [...]
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