$1 Trillion Bailout: Student Loans

Written by Gary North on December 3, 2012

There is now a proposal before Congress for the government to pay off all the banks that have lent money to students. The government has already changed the bankruptcy law to make it almost impossible for students to escape this debt. But the banks still cannot collect the money. So, it’s Congress to the rescue! […]

Continue reading →

Drought Burns a Hole in Taxpayers’ Wallets

Written by Gary North on August 3, 2012

Half of America’s counties are suffering from a major drought. The federal government has identified these counties as national disasters This means bailout money is on its way. Bailouts are a way of life in a nation filled with national disasters. In fact, the bailout money helps creates them. The free market works. The federal […]

Continue reading →

Yellow Alert: Key Federal Reserve Planner Bails Out

Written by Gary North on April 9, 2012

The man in charge of the Federal Reserve’s infamous “operation Twist” has just announced that he is quitting. At age 41, hardly anyone quits the FED. He is at the New York FED, the privately owned branch that is in charge of executing Federal Reserve policy, His name is Brian Sack. He is the head […]

Continue reading →

A Return to Gold Is Inevitable — Peter Schiff

Written by Gary North on December 7, 2011

The West’s economy is interlinked by currencies, banks, and debt. There is no island of safety. Peter Schiff has written a provocative report on how close we are to what he calls the crack-up. It’s a good thing, he says. Up until very recently, political centralization was the norm. Today, the centralized Eurozone is about […]

Continue reading →

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. […]

Continue reading →

FED Bank Bailout Papers Prove the Tea Party Is Right

Written by Gary North on November 29, 2011

Bloomberg had to get a Supreme Court ruling to get the Federal Reserve to turn over 29,000documents on the 2008/9 big bank bailouts. Slowly, journalists are finding out what happened. They are also finding out why the FED refused to turn them over, as required by the FOIA law. MarketWatch reports: The Fed didn’t tell […]

Continue reading →

Boston FED President Says FED Can Bail Out Europe

Written by Gary North on November 23, 2011

The president of the (privately owned) Federal Reserve Bank of Boston said recently that the European Central Bank can and should inflate, so as to solve the crisis. But the Federal Reserve can and should join with other central banks to help the ECB solve the crisis. This was the first time that a senior […]

Continue reading →

European Debt Crisis Threatens the Dollar–Ron Paul

Written by Gary North on November 21, 2011

European Debt Crisis Threatens the Dollar Ron Paul writes: The global economic situation is becoming more dire every day.  Approximately half of all US banks have significant exposure to the debt crisis in Europe.  Much more dangerous for the US taxpayer is the dollar’s status as reserve currency for the world, and the US Federal […]

Continue reading →

Banking System at the Brink

Written by Gary North on November 1, 2011

Yesterday’s intervention by six central banks indicates how close to the edge of a financial crisis the world now is. A hard-hitting article in Britain’s Guardian reveals how close to a breakdown banks are in. The stunning move by six central banks to announce emergency measures to push more dollars into the financial system shows […]

Continue reading →