French Fried Banks

Written by Gary North on December 2, 2011

If Italy defaults in the next few weeks, or even suspends interest payments, French banks will need a massive bailout. Where will they get the money? From the French government? But where will it get the money? At what price? The dominoes could fall. Other nations’ banks could fail. The world faces French fried banks. […]

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$100,000 for a College Education That Fails You

Written by Gary North on December 2, 2011

James Altucher has written a great article on the 10 things he did not learn in college, but should have. I wish 4 million college-bound high school seniors would read it every year. (Over half never graduate.) I have been writing about this for over 30 years. It’s nice to see a few people who […]

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Banks Sued by Massachusetts for Illegal Foreclosures

Written by Gary North on December 2, 2011

The State of Massachusetts has refused to settle with the big banks that used what the state says was improper paperwork in foreclosing. Other state attorney generals had proposed a mild slap on the wrist of the banks. That joint deal is likely to fall apart. The banks say they will fight the State of […]

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A New Attitude Toward Owning a Home

Written by Gary North on December 2, 2011

Historically, Americans have wanted to own their homes. This is true, even though, on average, Americans move every five years. The goal of home ownership was a social phenomenon. But because prices always seemed to rise, and because you could get leverage (mortgage), home ownership became the most popular capital investment. All this burst in […]

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Nailing Physicians in 2012 — and Forever

Written by Gary North on December 1, 2011

Are you on Medicare? Be sure you have a regular physician. They may stop taking new patients. Congress is about to stick it to physicians: a 27% cut in Medicare payments, beginning January 1. This is called squeezing the providers. It will make medicare patients liabilities. There will be rationing at some point. Smart physicians […]

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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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