Encryption and Privacy: Goodbye Copyright Laws

Written by Gary North on April 18, 2013

Kim Dotcom really is his name these days. He had it legally changed. The federal government shut down his enormously profitable file-sharing business in 2011. It won’t shut down his latest version of file-sharing. His new company, Mega, offers 100% encryption. His company can’t crack it. The U.S. government can’t crack it — not at […]

Continue reading →

House Republicans Jump on Board Obamacare.

Written by Gary North on April 17, 2013

Obamacare is forever. The constituencies are lining up to get the free goodies, and Republicans are switching sides. There is a GOP bill to make sure more Americans get access to the program. This was inevitable. Once a social welfare program is set up, it creates vocal constituencies. No matter how loudly the opposition party […]

Continue reading →

Boehner Prefers to Sweep Benghazi Under the Bureaucratic Rug.

Written by Gary North on April 17, 2013

Over 100 House Republicans want a full-scale investigation of Benghazi, which means a full-scale investigation of Hillary Clinton’s role in the disaster. John Boehner is not one of them. Boehner thinks a report by various executive branch bureaucrats is all we need. He is having trouble keeping the lid on. There is a revolt brewing. […]

Continue reading →

Despite Excel Error, This Time, It’s Still Not Different

Written by Gary North on April 17, 2013

The best-selling book, This Time It’s Different (2010) , which warned against a high government debt-to-GDP ratio, relied on an Excel spreadsheet. Problem: one of the cells was wrong. An article exposing this error has gotten a lot of coverage in the media. Liberals have cheered. At last, relief! They can still remain in the […]

Continue reading →

Gold Is Not a Recession Hedge.

Written by Gary North on April 16, 2013

I have believed for months that the U.S. economy is at the edge of a recession. Europe is in recession. Japan probably is. To expect the U.S. to avoid world recession is to expect a miracle. The precious metals are not recession hedges. Commodities in general are not. Commodities fell along with gold and silver. […]

Continue reading →

Home Builders’ Confidence Declines

Written by Gary North on April 16, 2013

Anything below a figure of 50 is considered recession level. In March, it was 44. In April, it was 42. Economists had expected an increase to 45. Too many buyers cannot get credit, despite low mortgage rates. The low rates are a benefit only if a borrower can qualify for the loan. Home builders say […]

Continue reading →

Foreign Central Banks Keep Buying U.S. Treasury Debt

Written by Gary North on April 16, 2013

Latest report: foreign holdings of U.S. government debt are up by 10%, year over year. China has been buying. It now holds $1.2 trillion. The total comes to $5.66 trillion. Of this, 72% is held by foreign governments and central banks. This policy of inflating the domestic currency and buying U.S. Treasury debt with the […]

Continue reading →

The Triumvirate of Modern Warfare

Written by Gary North on April 15, 2013

Three factors have made possible the modern world’s wars: graduated taxation, the central bank, and the abolition of the gold coin standard. The relationship between central banking and war has been known for at least 400 years. The ability of the Dutch Republic to wage what was in effect a revolutionary war against the Spanish […]

Continue reading →