Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on March 1, 2012
On February 29, Bernanke gave a soothing presentation to a House committee. The stock market dropped a little. Gold and silver dropped like a stone. The media focused on Bernanke’s hint that QE3 will not be necessary, that economic growth is slow. Conclusion: monetary stability. At the same time, the European Central Bank injected $712 […]
Continue reading →Written by Gary North on December 13, 2011
The London Telegraph ran a story in the imminent collapse of Europe’s banking system. Senior analysts and traders warned of impending bank failures as a summit intended to solve the European crisis failed to deliver a solution that eased concerns over bank funding. The European Central Bank admitted it had held meetings about providing emergency […]
Continue reading →Written by Gary North on November 28, 2011
We know about the game of chicken. Teenage boys in hot rods drive toward each other to see who will swerve first: “Chicken!” It is happening in Europe. There is going to be a crash. That crash will lead to an explosion, which will be felt in the USA. The credit markets are intertwined. This […]
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