$914 Billion Student Loan Bubble Will Get Bigger

Written by Gary North on October 1, 2012

Student loans are over $900 billion. Parents of college students cheer them on. “Go ahead. Load up. It’s for your own good. It will pay off. You’ll see.” The average college graduate leaves college $40,000 in debt. Parents beam. “We’re so proud.” The Department of Education has reported that 13.4% of the 2009 graduates are […]

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When the Welfare Checks Stop Coming

Written by Gary North on February 6, 2012

When poor people are one check away from a crisis, what will happen when the checks stop coming. Make no mistake about it. They will stop coming. The welfare state  is going to go belly-up. There is going to be a Great Default. The super-rich can get out. Some of them are doing this. But […]

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Bernanke: “Unchained at Last!”

Written by Gary North on January 12, 2012

There was a time two decades ago when the bond traders served as a fake gold standard. No longer. The gold coin standard restrains central bank and commercial bank inflation. If they inflate, there is a run on the banks. Depositors withdraw gold coins. This forces the banks to stop inflating. The bankers hate this. […]

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Financial Reppression Gets a Shot in the Arm

Written by Gary North on January 10, 2012

Keynesians learn nothing. Here is an article on how great financial repression is when compared with liberty. Voters in the West have accepted this for 75 years. Financial repression is the name economists give to the various ways that governments encourage or force investors to buy sovereign debt at unattractive prices. Economists Carmen Reinhart and […]

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American Stocks in 2011: Flat

Written by Gary North on January 2, 2012

The Standard & Poor’s 500 index was flat, to the dollar, in 2011. That has not happened in 60 years. On Friday, December 30, the index was 1257.60.  In 2010 at this time, it was 1257.64. This is statistically astounding. Yet the year was a roller coaster ride. Up, down, up, down” the investors never […]

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Moving Your Bank Account Elsewhere

Written by Gary North on December 8, 2011

The bank may fight you on this. It can';t do much, but it can try. First, you may be asked to speak to the manager. You do not have to stand in line. You may be charged a fee to close the account. Leave two cents in it — your “two cents’ worth.” The bank […]

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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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