No Bimbo Eruptions in Ron Paul’s Career

Written by Gary North on November 29, 2011

I served on Ron Paul’s staff in 1976. There were no “bimbo eruptions.” Back in 1992, one of Bill Clinton’s female advisers referred to his “bimbo eruptions.” There was one accusation after another. But liberals are soft on adultery, so he did not suffer any consequences. He even got away with the Lewinsky affair. Impeached, […]

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Inflation Index: 12 Days of Christmas, 2011

Written by Gary North on November 29, 2011

You have heard of the consumer price index. You may have heard of the median consumer price index. You may even have heard of the Big Mac price index. But have you heard of the 12 days of Christmas price index? It exists. Every year about this time — in between Black Friday and Christmas […]

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FED Bank Bailout Papers Prove the Tea Party Is Right

Written by Gary North on November 29, 2011

Bloomberg had to get a Supreme Court ruling to get the Federal Reserve to turn over 29,000documents on the 2008/9 big bank bailouts. Slowly, journalists are finding out what happened. They are also finding out why the FED refused to turn them over, as required by the FOIA law. MarketWatch reports: The Fed didn’t tell […]

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Your Nightmare Scenario Is Too Mild

Written by Gary North on November 29, 2011

Karl Denninger sometimes writes some choice stuff. He follows the capital markets. He thinks the endgame scenario in Europe marks the beginning of the end. I’m not equally sure. The New World Order brigade has a lot of inflating to do between now and the end of the inflationary road. Denninger’s summary of the welfare […]

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Which Governments Owe How Much to Foreign Banks?

Written by Gary North on November 29, 2011

Each nation’s government owes money to foreign banks. The foreign banks are threatened by a default — an “Iceland event.” The biggest debtor is the USA. If our government defaults, the West’s economy collapses. Which nation is most at risk today of foreign governments’ defaulting? France. France is Italy’s biggest creditor. But Italy is close […]

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The Daisy Chain of Banking: From Europe to the USA

Written by Gary North on November 29, 2011

John Mauldin monitors the markets. He is the author of Endgame. He also used to be my business manager. He is less apocalyptic than I am, but is is scary enough. Here is his latest assessment: I am constantly asked what my biggest worry is. What is the largest monster I think I hear in […]

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Stock Market Trigger Points — Richard Russell

Written by Gary North on November 29, 2011

Richard Russell has been writing his newsletter on stock market investing for over 50 years. So, when he lists a series of trigger points, I pay attention. Here are his thoughts before yesterday’s rally. “As of now, both the Dow and the S&P are down for the year.  I call this Stage One.  Stage Two […]

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Worldwide Recession, Says OECD Report

Written by Gary North on November 29, 2011

The OECD is an international organization: the Organization for Economic Co-operation and Development. It is not given to wild predictions. Recently, it issued a report that said this: If everything came to a head, with governments and banking systems under extreme pressure in some or all of the vulnerable countries, the political fall-out would be […]

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Cyber Monday! What Will You Buy Today?

Written by Gary North on November 28, 2011

Are you planning to buy anything on-line today? I’m not. I bought an iPad 2 on Black Friday. I wrote about my experience here. Will I by anything else from Apple? Maybe an iPad 3 next year. Maybe an iPod if I need one to work with my new video equipment: a teleprompter. This was […]

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Half of Britain’s Leading Bankers Fear a Major Crisis Soon

Written by Gary North on November 28, 2011

We remember the weekend collapse of Lehman Brothers’ investment bank in October 2008. A recent survey of Britain’s senior bankers reveals that over half of them fear a Lehman-like event in Europe. [Note: “City” refers to the banking section of London that exists as a separate legal jurisdiction. It is shorthand for “Wall Street.”] A […]

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