Edward Snowden versus Jay Carney

Written by Gary North on June 26, 2013

There is no doubt that Edward Snowden has created a huge public relations crisis for the Obama administration. The government appears to be not only stupid, but utterly impotent. Here we have this gigantic spying system, and it looks like the Keystone Kops. It cannot locate him. It cannot stop him. It revoked his passport. […]

Continue reading →

30-Year Mortgage Rate Increases by One-Third

Written by Gary North on June 26, 2013

On December 14, 2012, it was possible to lock in a 30-year mortgage for 3.4%. I have been telling my GaryNorth.com subscribers to do it. I believed that any rate under 4% was an unprecedented bargain. On February 23, I wrote this: The new creditor will find that he also has made a mistake. He […]

Continue reading →

Gold Is Down 35%; Silver Is Down 62%.

Written by Gary North on June 26, 2013

On April 3, 2011, silver was at $35. On April 28, it was at $49. This was the final move up. The silver bulls seemed to be in the saddle. Silver closed yesterday at $18.55. That is a decline of 62%. Gold peaked on December 6, 2011, at $1,895. Yesterday, it hit $1,234. That is […]

Continue reading →

The FOMC: Bernanke’s Lap Dogs or Full-Time Deceivers?

Written by Gary North on June 25, 2013

The head of the Federal Reserve Bank of St. Louis has been cautiously critical of Bernanke’s remarks on June 19 regarding the possible early exit by the Federal Open Market Committee from QE3 later this year. Bernanke’s remarks sent world stock and bond prices lower. A press release explains his concerns. In his view, the […]

Continue reading →

IRS: “Refunds R Us, Amigos!”

Written by Gary North on June 25, 2013

The Internal Revenue Service sent $7.3 million in refunds to 7,000 illegal aliens who had the same bank account. Have we entered the twilight zone? Long, long ago. The IRS has trouble keeping track of things. Two of its employees spotted this FUBAR example years ago. The IRS did nothing. So, they leaked the story […]

Continue reading →

A Lead Trial Balloon: “John Bolton for President!”

Written by Gary North on June 25, 2013

John who? John Bolton is famous mainly for his moustache. Among neo-cons, he is famous as a war hawk. On the National Review site, there is a brief article explaining that Bolton is being encouraged by unnamed conservatives to run for President in 2016. The article reports this as if it were anything but a […]

Continue reading →

Rubio in 2010: “No Earned Path to Citizenship.”

Written by Gary North on June 24, 2013

Back in the good old days of 2010, when candidate Marco Rubio was trying to persuade the voters of Florida that he was not in favor of amnesty for illegal aliens, he said this in a debate. Fortunately, the debate was recorded. “First of all, earned path to citizenship is basically code for amnesty. It’s […]

Continue reading →

Global Warming Propaganda’s Last-Ditch Effort Week

Written by Gary North on June 24, 2013

This week, President Obama is planning a speech on global warming, which ceased 17 years ago. He plans to revive the obviously comatose movement, just as he planned to ram gun control legislation down Congress’s unwilling throat earlier this year. As part of this campaign, he sent John Kerry to India, where Kerry scolded India […]

Continue reading →