Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
The free market responds to demand. When a government breaks down, free markets respond. This is happening in Greece. In a town 200 miles north of Athens, a network of bartering townspeople has sprung up. No government agency is involved. No taxes will be paid. An unemployed mother and her daughter are selling jams, vegetables, [...]
Continue reading →Pat Buchanan has it right. The public sector — stolen money for boondoggles — is going broke. San Bernadino is the handwriting on the wall. There will be other city bankruptcies. The politicians and bureaucrats have finally begun to run out of other people’s money. The Federal Reserve will ultimately create more money. But this [...]
Continue reading →A protestor last week carried a sign, Occupy Bilderberg, outside the Virginia hotel that housed the Bilberberg meeting. There was no way that anyone except Bilderberg was going to occupy Bilderberg. I read about this in a news story published by the liberal Guardian, a British publication. The Guardian began sending the same lonely reporter [...]
Continue reading →Maybe you have read that things are so bad in Greece that middle class people are turning to barter to get what they need. Things that anyone can buy cheaply today will be valuable in a time of inflation and price controls. Common items will get scarce. It’s also important to recognize that we can’t [...]
Continue reading →This joke has it right. Question: A Greek, an Italian and a Spaniard walk into a bar. Who picks up the tab? Answer: The Americans. The author understands how the financial markets work. The Europeans will pay for their bankers’ stupidity. So will we. MF Global was just the beginning. And then there is the [...]
Continue reading →The official New World Order party line in Europe is this: (1) the euro will survive; (2) the eurozone will prosper; (3) the European Union is forever. None of this is true. When Greece defaults and leaves the eurozone — or is booted out — the experiment will unravel. This was the grand experiment of [...]
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