Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on November 23, 2011
The president of the (privately owned) Federal Reserve Bank of Boston said recently that the European Central Bank can and should inflate, so as to solve the crisis. But the Federal Reserve can and should join with other central banks to help the ECB solve the crisis. This was the first time that a senior […]
Continue reading →Written by Gary North on November 22, 2011
Historian Niall Ferguson has written a playful piece for the Wall Street Journal. It is written as an observer’s reminiscences of the transition to the United States of Europe. The euro survives. The independence of Western European nations does not. England is outside the system. The voters vetoed the idea of union. Israel attacked Iran. […]
Continue reading →Written by Gary North on November 22, 2011
The Wall Street Journal carried a story that Credit Suisse, the huge Swiss bank, is forecasting the last days of the euro. But it ads a proviso: unless there is integration of the separate economies. In short, it’s breakdown vs. the New World Order. This comes from a Swiss bank. The Swiss have opposed integration […]
Continue reading →Written by Gary North on November 22, 2011
Mohamed El-Erian is the CEO of PIMCO, the world’s largest bond investment fund. He is widely respected around the world. In a recent article posted on an economic website that hosts some of the most famous Keynesian economists, he outlined the problems that are facing the world’s economies. He goes through these, one by one. […]
Continue reading →Written by Gary North on November 21, 2011
It had to come eventually, and it has. It was not a major facility. It was an attack on an Illinois water plant. The hackers burned out a water pump. Think of it as a test run. The hackers have not been identified. The Department of Homeland Security is saying nothing. The breach was a […]
Continue reading →Written by Gary North on November 21, 2011
Addison Wiggin and I both are part of the Agora publishing firm. I have been with Agora for 15 years. Recently, he reported on a lecture in Tokyo given by Mark Mobius, the legendary hedge fund investor. “There is definitely going to be another financial crisis around the corner, because we haven’t solved any of […]
Continue reading →Written by Gary North on November 21, 2011
I have read John C. Dvorak for about 28 years. He is perhaps the best-known commentator on all things PC — personal computers. He is always controversial, but he is very well-informed. In his latest essay, he warns that the era of the PC is coming to a geriatric phase. This has been predicted since […]
Continue reading →Written by Gary North on November 21, 2011
European Debt Crisis Threatens the Dollar Ron Paul writes: The global economic situation is becoming more dire every day. Approximately half of all US banks have significant exposure to the debt crisis in Europe. Much more dangerous for the US taxpayer is the dollar’s status as reserve currency for the world, and the US Federal […]
Continue reading →Written by Gary North on November 21, 2011
The modern bank run is not where depositors line up to pull their meager funds out. It is when hedge funds and large investment funds refuse to roll over credit lines to banks. That takes place behind closed doors. In 2012, European banks must refinance $660 billion of loans. The banks are in hock to […]
Continue reading →Written by Gary North on November 21, 2011
The international experts who are in charge of monitoring the solvency of major banks published a list of the 29 most important banks. If one of them goes down, the report said, this could threaten the international financial structure. Unfortunately for the experts, by the time the report was published, one of them had gone […]
Continue reading →