Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
New accounting standards are being applied by Moody’s to cities. It turns out that the two biggest cities in California — Los Angeles and San Francisco — are way deeper in the hole than previously admitted. But wait! There’s more! San Jose will be downgraded. So will Inglewood (“The Hood”). So will Azusa. The total [...]
Continue reading →Detroit is bankrupt. Everyone knows this. Everyone has known it for months. It is not official, but it’s close. The pension holders are going to see their dreams blown to dust. They are the cause. They will be the solution. The state has sent in The Terminator. He can shut the city down. He can [...]
Continue reading →Europe is the poster child of Keynesianism. The southern countries ran huge government deficits for a decade. There was a boom. But that boom has ended. Mediterranean nations are in depressions. These depressions are getting worse. Hans-Werner Sinn is a German economist. He is known as one of the most pessimistic economists in Europe. But, [...]
Continue reading →A recent survey by Fidelity, the mutual fund company, reveals that people say they have reduced their debt, are saving more, and they are confident that they are on the road to a safe, secure retirement. This was heralded as a new era for investors. Do the facts in the report confirm this? No. Today, [...]
Continue reading →So, you think you are going to have long-term care if you need it. You have paid premiums for years. The joke’s on you! The company can get you off its books easily. It just doubles the premium. You go away. Tough luck, sucker! Think it can’t happen? Click the link.
Continue reading →Say it isn’t so, Joe. Not Michael Jordan. Not 50. There is a page with a bunch of Jordan movies. You will not be able to stop watching if you start watching. Somewhere in my collection of videos, I have the 1982 NCAA finals, which pitted the University of North Carolina against Georgetown. Jordan won [...]
Continue reading →TARP was shoved down the throats of voters in 2008. They opposed the bailouts of corporations, but to no avail. They have forgotten. John Boehner, who was the the man who rammed the program through the House Republicans, is still Speaker of the House. The TARP bills still mount up. The government bought a stake [...]
Continue reading →Older Americans recall the jokes made at the expense of Allegheny Airlines in the 1960s and 1970s. Then it became U.S. Airways in 1979. It went bankrupt in 2002. It was able to stiff its 6,000 pilots by canceling its pension obligations in 2003. American taxpayers became responsible through ERISA. It came out of bankruptcy [...]
Continue reading →When King David was on the run from his revolutionary son Absalom, Barzillai helped him (II Sam. 17:28). After Absalom’s death, King David returned to Jerusalem. On the way, he met Barzillai. Now Barzillai the Gileadite had come down from Rogelim, and he went on with the king to the Jordan, to escort him over [...]
Continue reading →“I’m from the government, and I’m here to help you.” Run. We know what’s coming. The government will find lots of risks for Americans. Next step: a program to offer government-guaranteed retirement bonds tied to the dollar. They will pay maybe 3% — guaranteed! Then these bonds will be made compulsory. Then consumer prices will [...]
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