Merkel Is Ready to Sell Out Germany to the NWO

Written by Gary North on November 18, 2011

Agela Merkel is an internationalist. She plays a political game. She says firmly in public that there must be no more bailouts, that the European Central Bank must not inflate. Then she goes behind the scenes and agrees with whatever the ECB wants to do. She is now saying that it is time for nations […]

Continue reading →

Should I Buy an Investment House for $30,000, Cash?

Written by Gary North on November 18, 2011

I plan to do this. It’s in a nice neighborhood in a bedroom community 40 minutes from Atlanta. It’s a foreclosure. But aren’t housing prices likely to fall? Yes. The latest data indicate that foreclosures rose by 14% between the second quarter and the third. This indicates that the inventory of unsold homes is rising. […]

Continue reading →

China’s Coming Economic Crash Will Shock the Markets

Written by Gary North on November 18, 2011

China’s economic growth is fake. The economy is not growing at 9% per year. It is contracting by 10%. So said a prominent Hong Kong economist in a lecture he did not know was being recorded. (Guys, it’s a cell phone  world!) The growth figures are fake. They are being pumped up by government spending […]

Continue reading →

$15t On-Budget (Admitted) Debt Limit Breached

Written by Gary North on November 18, 2011

The on-budget debt of the United States government breached the $15 trillion mark this week. This is the debt that is counted. It does not include the unfunded liabilities of Social Security and Medicare, which are now in the $100 trillion range over 75 years. Some estimates are higher. More important is the sources of […]

Continue reading →

European Loophole: How to Inflate Legally

Written by Gary North on November 18, 2011

The only institution with enough money to bail out the PIIGS is the European Central Bank.  The threat of a domino effect is increasing. By treaty, the ECB is not allowed to buy the debt of governments. It gets around this by lending to banks that buy government debt. But the bankers are beginning to […]

Continue reading →

System D: Where The Tax Man Never Comes

Written by Gary North on November 18, 2011

“System D” is the new term for black markets. Black markets around the world are growing. The estimate is that it accounts for $10 trillion worth of production. I think this is a low-ball estimate. System D accounts for far more. The heart of these markets is secrecy. If you think you can measure it, […]

Continue reading →

Housing Starts Remain Deep in the Tank — Falling

Written by Gary North on November 18, 2011

Housing starts in October were 628,000, down from September’s revised figure of 630,000. Let’s be clear here. These are annual figures, not monthly. In 2005, the rate was over two million per year. The 628,000 included apartment houses. Single-family dwellings were 430,000. This is what people with the credit to buy want to buy. There […]

Continue reading →

Sweet Deal: Fannie Mae/Freddie Mac Heads Make $6m a Year

Written by Gary North on November 16, 2011

And you think a government job doesn’t pay well.  Think again. The top six executives at the two busted, bailed-out, nationalized outfits got $35 million for two years of hard, hard work. The two heads got half of that. This year, they may clear $6 million each. “Nice work if you can get it, and […]

Continue reading →

New World Order, Europe: Phase 2 Is Ending

Written by Gary North on November 16, 2011

The first phase began in 1951 with the creation of a free trade zone, the European Coal and Steel Community. It was apart of a long-term program, begun in 1919, to create a unified Europe. It morphed into the Common Market in 1957. The second phase began in the 1990s with the Maastricht  Treaty(1992), which […]

Continue reading →

Europe Faces a “Systemic Crisis,” Says Senior Eurocrat

Written by Gary North on November 16, 2011

The crisis in Europe is real. Greece is basically bankrupt. Italy teeters at the edge of default. Only intervention by the European Central Bank today pushed Italian bond rates below 7%, which threatened Italy’s solvency. Spain is also close to default. The head of the European Commission, who is Portuguese, has stated publicly that Europe […]

Continue reading →