The End of Swiss Bank Secrecy (and Everywhere Else)

Written by Gary North on February 1, 2012

There used to be Swiss bank secrecy. Anyway, Americans thought so. It was always something of  myth. I reprted on this in 1976, when I worked for Ron Paul. The IRS was getting through the barriers. Now, it’s over. The U.S. has just bankrupted a Swiss bank that had no agents inside the USA, no […]

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Your Money Is Not Safe, Says MarketWatch Columnist

Written by Gary North on January 31, 2012

MarketWatch is a conventional site for business news. That was why I was amazed when I read David Weidner’s assessment of the MF Global bankruptcy. He was open about the entire process. The company lost $1.2 billion. No one knows where it went. The headline: MF Global and the lie about safe accounts Commentary: Why […]

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Asia Is Now Draining the West’s Oil Fields

Written by Gary North on January 31, 2012

The Establishment media insist that peak oil theory is a myth. This is why the following chart is not mentioned in the Establishment media. It tracks oil production. It is flat. This is global annual crude oil production in millions of barrels per day. Here is the problem the West faces. We know that Asia […]

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Why Gold Rebounded So Fast

Written by Gary North on January 31, 2012

Gold in late December was under $1540. Today, it is $200 higher. What happened? A Forbes colmnist offers suggestions. First, gold is not like other commodities. It is an alternative currency. The European crisis is accelerating. Second, hedge funds had to sell to redeem shares. Third, low interest rates help to keep ownership cheap. Alternative […]

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Dependent on Uncle Sam

Written by Gary North on January 31, 2012

The USA is a massive welfare state. Over 40% of the nation is dependent on government handouts of some kind–not counting the government’s administrators. This sounds hard to believe. Believe it. The money is running out. The deficit is huge. What will happen when Washington’s checks bounce? Fact: “Once you become addicted to getting a […]

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Hatchet Job on Apple

Written by Gary North on January 30, 2012

On the CBS TV news program, Sunday Morning, the cover story was a hatchet job on Apple. It exposed a Chinese firm that supplies with some of their products. The company’s plant is huge: over 400,000 workers. Most workers that we could see were young: twenty-somethings. They were all dressed in Western clothes: T-shirts, jeans. […]

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National Employment Data Base: Backdoor ID Card

Written by Gary North on January 30, 2012

A bill has been introduced by Congressman Lamar “SOPA” Smith of Texas. This bill, if passed, will create a national data base. By law, every employer will have to submit the applicant’s name, Social Security number into this data base. The data base will then tell the employer if it is legal to hire this […]

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Fun and Games in Vote-Counting in South Carolina

Written by Gary North on January 30, 2012

Here is a report by Brandon Tuberville of South Carolina. At this time, the most serious questions are centered around the precincts in Pickens County. It was in this precinct that Chris Lawton, representing the Paul campaign, came to the Pickens County elections office to witness the vote certification and noticed a series of situations […]

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Politicians’ Terrorism Tactic: Closing Police Stations

Written by Gary North on January 30, 2012

A classic strategy of politicians who are facing a tax revolt is to shut down services that voters regard as crucial. The police are favorites. They become sacrificial lambs. The politicians say that they just cannot find anything else to cut. So, they use the police as the sacrificial lambs. This pressures voters back down. […]

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