Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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 […]
Continue reading →Written by Gary North on June 4, 2012
George Soros, the muilti-billionaire currency speculator, says that the New World Order will survive in Europe, but only at this price: the establishment of Germany as the arbiter of Europe’s national deficits. Germany will have to bail out the PIIGS and the banks that loaned to them. He does not say where Germany will get […]
Continue reading →Written by Gary North on April 17, 2012
I am a professional speaker. I want to assure you that George Soros has nothing to say, and he says it poorly. The only thing he has to say that is clear is the non-word, “um.” He can make a lot of money in financial futures. This entitles him to no respect in any area […]
Continue reading →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 […]
Continue reading →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. […]
Continue reading →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 […]
Continue reading →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 […]
Continue reading →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 […]
Continue reading →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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