China’s Real Estate Bubble Has Popped

Written by Gary North on December 1, 2011

China is the world’s #2 economy after the USA. It has the world’s largest real estate bubble. That bubble has popped. The losses will be enormous. China is also facing price inflation, especially of food. Why? Because of its monetary inflation. The central bank has been goosing the economy with fiat money for a decade. […]

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FED Intervenes: Dollar Falls, Gold Rises

Written by Gary North on December 1, 2011

By now, you know that the Federal Reserve and other central banks promised to supply dollars to help bail out the Eurozone. The FED is going to be the lender of last resort for Europe. The dollar fell. Gold rose. There will be lots more headlines like this over the next decade. This is not […]

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Gold Coins: What to Buy, What NOT to Buy

Written by Gary North on December 1, 2011

According  to gold coin broker Peter Schiff, you should not buy numismatic coins as your first purchase. Rare coins are for collectors. The person who is seeking a safe haven for his money should buy bullion coins, such as American gold eagles, South African Krugerrands, or Canadian maple leafs. But what about the threat of […]

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Bad News for 2012

Written by Gary North on December 1, 2011

The OECD is a middle-of-the-road international agency. It reports on economic trends. It favors Keynesian intervention at all times. Here is a video of its latest predictions. Here is the message: The world will muddle through in 2012, unless the euro crisis intensifies. If that happens, the world goes into prolonged recession. This report is […]

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Before You Buy an iPad, Read This

Written by Gary North on December 1, 2011

My iPad 2 arrived by UPS yesterday. I have learned my lesson. Yes, you have heard all the hype. It’s a great tool. But you need a tutor. Locate a 13-year-old who owns one. Pay for lessons. I have written a detailed article on what you can expect. Read it before you buy. And be […]

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A Johnny Cash Parody: “I’d End the FED”

Written by Gary North on November 30, 2011

YouTube lets creative people have a shot at fame. This music video gets across a point: it is unwise to trust the Federal Reserve System. Bernanke will not be amused. Its theology isn’t on-target, but its economics are. When little people can put together videos like this and post them, this puts the Establishment on […]

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Big Bank Bailout: Why You Will Be Asked to Pay

Written by Gary North on November 30, 2011

The politicians in Europe are planning another summit meeting on December 9. The more summits they have, the more it becomes clear that they have no solution. If they did, they would need only one summit. Matthew Lynn nails it: “Every week we get another big search for a smart-sounding scheme to rescue the project. […]

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Black Friday Mobs and Our Future

Written by Gary North on November 30, 2011

We have read about how there were near-riots by shoppers to get into stores on Black Friday. What if we were in a major crisis? What if these people could not afford to buy necessities? How much self-restraint would they show? Robert Ringer has offered some sobering thoughts. Ringer is a libertarian. He is the […]

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The Logic of Racial Quotas

Written by Gary North on November 30, 2011

Fred Reed is one of America’s most readable columnists. He used to be a real, live journalist, but he finds it easier in retirement to crank out occasional observations about the insanity of government in the United States. In his latest piece, he considers the implications of racial quotas, also known as “racial profiling acceptable to […]

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The Biggest Bailout of All Time Is Coming

Written by Gary North on November 30, 2011

The big banks of Europe are facing disaster if Italy defaults. Unless the European Central Bank starts inflating, and soon, Italy will default. Will Europe let the banks go under? I doubt it. The leaders will finally save the system by bailing out the banks. That is the problem. David Weidner explains. If you understand […]

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