Bust: Texas Shale Oil

Written by Gary North on March 24, 2015

texas-shale-oil

The shale oil bust has hit Texas. In 2008, it looked like there was no tomorrow. It was like Texas in 1980 — the sky was the limit. “Houston, we have a problem.” And then there was one. In October 2008, there were about 200 drilling rigs searching primarily for natural gas in the Barnett […]

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Why the Bubble Will Pop

Written by Gary North on March 19, 2015

bubble-popping

by David Stockman Janet’s Yellen’s pettifogging about her patient lack of impatience was downright pathetic. Her verbal hair-splitting is starting to make medieval ritual incantations sound coherent by comparison. But unlike the financial media’s dopey dithering about “dot plots”, Yellen at least has something to hide behind all the gibberish. Namely, she and her merry […]

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Textbook-Free Education: The Ron Paul Curriculum

Written by Gary North on March 16, 2015

homeschool

For anybody who is on the fringes of American life in any area, and who is serious about what he believes in, the present public school educational system is a threat to him and his children. Let me give you an example. If a child is enrolled in a tax-funded high school, he will have […]

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$400 Billion Turkey Won’t Fly

Written by Gary North on March 16, 2015

F=35

Turkeys don’t fly. Neither does the F-35. This boondoggle is great for the military-industrial complex, but bad for taxpayers. Which nation’s air force is in a position to challenge existing American planes? None. Which nation is developing fighter jets and the aircraft carriers required to deliver them? The Pentagon never says. What is the strategic […]

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A Letter to David Stockman

Written by Gary North on March 14, 2015

david-stockman

Dear David: I want to let you know just how glad I am I’m not in your shoes. Responsibility goes with the territory. You oversee a lot of territory. You obviously have a lot of spare time on your hands, and so you have started a website. It gets a lot of traffic. The site […]

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Oil Industry Bailout

Written by Gary North on March 14, 2015

oil-industry

When the federal government wants to bury a story, it releases it on Friday afternoon. This is part of the news cycle. It is too late for Friday evening news. Saturday is not a day for news. By Monday, the world has moved on. This report came on Friday afternoon. WASHINGTON, March 13 (Reuters) – […]

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