Indians Who Bought Gold, Won. Those Who Didn’t, Lost.

Written by Gary North on August 29, 2013

A great article by Grant Williams traces the decline of India’s rupee. The idiot Keynesians who ran the Bank of India destroyed the rupee. In India, fathers buy gold for their daughters’ dowries. They don’t buy rupees. India put a tax on gold imports in a vain attempt to save the rupee. It didn’t work. […]

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How Government-Protected Hospitals Rob Us Blind

Posted on August 29, 2013

You knew it was bad. But this bad? Much like every other aspect of the U.S. ponzi economy, the healthcare system is one gigantic centralized oligopolistic racket. The New York Times has done some excellent coverage on this topic as of late, most recently in an article I highlighted earlier this month about how Americans […]

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Federal Loans for Electric Cars That Lose Money

Posted on August 29, 2013

The latest boondoggle: They’re at it again! The government wants to bring back a zombie. Originally created by Congress in 2007, the Advanced Technology Vehicle Manufacturing Program provided low-cost government loans that were subsidized, guaranteed, and then in part eaten, as we now know, by hapless and strung-out American taxpayers. Ford was the top beneficiary. […]

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Obama Secretly Briefs Mayors on His Gun Control Plans

Posted on August 29, 2013

He just won’t stop. On Tuesday, in a closed-door meeting with 16 big city mayors, President Obama affirmed that he has not abandoned his gun control agenda, telling those in attendance that he would continue the fight to reform the nation’s gun laws. According to a statement released by the White House, the president “vowed […]

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Lawyers’ Heaven: Big Banks’ Legal Bills Total $100 Billion.

Posted on August 29, 2013

The six biggest U.S. banks, led by JPMorgan Chase & Co. (JPM) and Bank of America Corp., have piled up $103 billion in legal costs since the financial crisis, more than all dividends paid to shareholders in the past five years. Bank of America, led by Chief Executive Officer Brian T. Moynihan increased its legal […]

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Rhetorical Fluke or Providential: “I Have a Dream!”

Written by Gary North on August 28, 2013

Today is the 50th anniversary of Martin Luther King’s famous speech, known as “I Have a Dream.” It deserves careful consideration, because it is widely regarded as the most important speech by a private citizen in American history. The general public does not understand why that speech worked. The general public knows almost nothing about […]

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Syria, Saddam, and Chemical Weapons

Written by Gary North on August 28, 2013

One of my GaryNorth.com subscribers posted this yesterday. I was in Intel supporting the Special Forces units that were charged with supporting Kurdish Iraq, taking down the SW desert areas and securing the western borders; during the second gulf war. The supposed heavy traffic crossing the border in the early part of the war was […]

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Some Central Banks Bought Gold; Others Sold

Written by Gary North on August 28, 2013

Ever since 2010, central banks overall have been net buyers of gold. This is continuing. It appears that they are now committed to gold. They got on board late. Gold’s price peaked in 2011. The central banks that are buying are not in the West. They are in the East. The list of buyers indicate […]

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Radio-Energized Water and Plant Growth. Do They Listen to Limbaugh?

Posted on August 28, 2013

The technology – radio wave energized water – massively increases the output of vegetables and fruits by up to 30 per cent. Not only are the plants much bigger but they are largely disease-resistant, meaning huge savings in expensive fertilizers and harmful pesticides. Extensively tested in Ireland and several other countries, the inexpensive water treatment […]

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Cooked Books: Debt Limit Pushed Out Another Six Weeks

Written by Gary North on August 27, 2013

The U.S. government’s debt has been locked in at this implausible limit for three months: $16,699,396,000,000. The Secretary of the Treasury says that it will not hit the ceiling until mid-October. The BBC reports this. The country’s borrowing limit is currently capped at $16.7tn (£10.7tn). “Extraordinary measures are projected to be exhausted in the middle […]

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