Deals, Deals, Deals: Hold Off on Christmas Buying

Written by Gary North on December 9, 2011

The deals are still coming. There will be more. If you want a specific gift for someone, OK. Buy it. Save time. But if it’s just a gift in general for someone, the discounts are coming. People have been shopping more than ever this holiday season, largely because of a flood of sales. But Americans […]

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If China Crashes, Imports Will Get Cheaper

Written by Gary North on December 9, 2011

China’s real estate bubble has popped. Rich Chinese who bought urban residential living space and are holding empty space off the market for appreciation have begun to take the inevitable bath. Most analysts expected monetary easing to start next year when inflation had subsided further. But then most China analysts were predicting a “soft landing” […]

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FEMA’s Internment Camps: Hiring Has Begun

Written by Gary North on December 8, 2011

What you are about to read may seem too far off the wall to be taken seriously. But, after you have examined the evidence, you will see that our problem is not that this story is off the wall; it is off the radar. The public is unaware that the federal government is preparing to […]

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Wild Boom in Gold Buying

Written by Gary North on December 8, 2011

In November, gold ETFs (exchange traded funds) were popular. Investors bought $3.6 billion worth of these funds. This was up four-fold in one month. This was double the $1.7 billion invested in “plain Jane” corporate bonds. Why? Investors are either betting on inflation, which seems unlikely to happen near term, or else they fear a major […]

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Bank Runs Are Beginning

Written by Gary North on December 8, 2011

The banks of Italy and Spin escalated their borrowing from the European Central Bank in November. Italian banks had to borrow 153.2 billion euros in emergency liquidity from the ECB in November, up from 111.3 billion euros at the end of October, Bank of Italy data showed, another big leap in reliance on the central […]

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Moving Your Bank Account Elsewhere

Written by Gary North on December 8, 2011

The bank may fight you on this. It can’;t do much, but it can try. First, you may be asked to speak to the manager. You do not have to stand in line. You may be charged a fee to close the account. Leave two cents in it — your “two cents’ worth.” The bank […]

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MF Global’s Precedent: Co-Mingled Funds Are Gone Forever

Written by Gary North on December 8, 2011

MF Global mingled customers’ funds with its speculative accounts. Then the money disappeared: $1.2 billion. It cannot be accounted for. It doesn’t matter. The funds will be used to pay off MF Global’s creditors. One thing seems to be certain: Investigators and banks that have had extensive dealings with MF Global believe whatever money is […]

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“Back of the Line, Dummy!” Hidden Law Shafts Small Investors.

Written by Gary North on December 7, 2011

When a big firm like MF Global goes under, taking investors’ funds with it, the investors will probably not get paid. The people of the other side of derivatives (futures) contracts will. Recently Bank of America transferred a bunch of derivatives into their banking arm.  “A bunch” means somewhere around $80 trillion worth. Now pay […]

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