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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Bailout FOR the FED, Not from It

Written by Gary North on November 28, 2011

Remember this question: “Who guards the guardians?” I offer another: “Who lends to lender of last resort?” This is not hypothetical. The Federal Reserve is called the lender of last resort. In theory, it can always escape  an audit. It cannot be shut down. But this applies legally only to the Board of Governors, an […]

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Tea Party vs. Occupy Wall Street: Skirmish in Philadelphia

Written by Gary North on November 28, 2011

It had to come, and it has. A Tea Party coalition in Philadelphia has taken on the far-Left OWS movement. The OWS called for a boycott of retail establishments on Black Friday. The Tea Party group correctly identified the motivation of the OWS. It issued a press release. A coalition of conservative groups, representing tens […]

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Venezuela Takes Delivery of Its Gold

Written by Gary North on November 28, 2011

Socialist leader Hugo [OOgo] Chavez demanded in August that Venezuela’s gold be sent to it for safekeeping. The first delivery has taken place. It is customary for nations to leave their gold in storage, either in London or at the New York Federal Reserve Bank. It is rare for any nation to take delivery. Chavez […]

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Europe’s Game of Chicken Will Hit the U.S.

Written by Gary North on November 28, 2011

We know about the game of chicken. Teenage boys in hot rods drive toward each other to see who will swerve first: “Chicken!” It is happening in Europe. There is going to be a crash. That crash will lead to an explosion, which will be felt in the USA. The credit markets are intertwined. This […]

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A New World Order Coup in Europe Is Coming

Written by Gary North on November 28, 2011

You have to read between the lines of articles relating to the crisis in Europe. The central fact is this: the 60-year experiment of the New World Order to consolidate Europe into the United States of Europe is in deep trouble. This consolidation has been central to all European politics ever since 1951. The attempt […]

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How Apple Almost Blew Black Friday

Written by Gary North on November 25, 2011

I bought an iPad 2 today. It was not easy. These people almost blew Black Friday. For two hours, the order page was missing in action. This was not the way to start Black Friday. Then the order page appeared. It had two prices. The retail price ($499), with the sales price next ($458) in […]

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Inflation Ahead, Then a Return to a Gold Standard — Dr. Rahn

Written by Gary North on November 25, 2011

Richard Rahn is a free market economist with the Washington think-tank, Cato Institute. He has drawn attention to the reasons why we should not expect deflation. The Federal Reserve will see to that. He sees whaere present policies are headed unless governments reverse course. “The major world governments are in the process of destroying the […]

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