U.S. Customs Shuts Down 839 Websites. Customs. Why Customs?

Written by Gary North on July 16, 2012

U.S. Immigration and Customs Enforcement is in charge of immigration. That makes sense. What does not make sense is the fact that the outfit is systematically shutting down websites run by Americans. Over the last two years, it has shut down 839 of them. These sites have been selling things. Weird things. Things like jewelry, baby […]

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Reverse Mortgages Disinherit Your Children

Written by Gary North on June 28, 2012

A reverse mortgage is a loan against equity in your home. You borrow against this equity. You must continue to pay property taxes and fire insurance, but you live rent-free in your home. The amount of the loan is determined by your life expectancy. The lender gets your home at the death of the surviving […]

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Debt Ceiling Smash-Up Will Hit Early

Written by Gary North on February 27, 2012

The battle over the debt ceiling last year was prime-time news last summer. Congress finally consented to a huge increase. This increase was expected to last until well into 2013. It won’t. The next President’s inauguration will take place in the middle of another debate over what gets cut (nothing) and who pays higher taxes […]

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Food Prices Will Keep Climbing

Written by Gary North on January 9, 2012

The Chinese are buying food. That is what people in poor nations buy when they get less poor. For China, the disparity between urban, coastal wealth and rural, interior wealth is enormous. People in interior towns are finding it very expensive to buy food. There are riots, which are not widely reported. As for Egypt […]

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Peak Oil: Good News and Bad News

Written by Gary North on December 22, 2011

Is peak oil real? Yes. Is it an imminent threat? No. Take a look at this graph. It reveals that peak oil usage per person peaked in 1973. Then it dropped. It has been flat for decades. What are some of the implications: These. The global population data are from the US census bureau, and […]

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