Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on January 7, 2017
James Rickards writes “the end is near” books. He writes about finance. His latest potboiler is titled, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis. When you read it, you will find that there actually is no secret plan. In fact, it’s the same old deal. He announces this […]
Continue reading →Written by Gary North on December 10, 2016
India’s Prime Minister Narendra Modi is just another political hack. Like politicians in general, he does not understand economics. He does not understand the law of unanticipated consequences. He does not understand that government is dumb. On November 8, he unilaterally and without warning declared the two highest value paper currency units obsolete: the 500-rupee […]
Continue reading →Written by Gary North on November 12, 2016
“President Obama is a very good man. I will seek his counsel in the future.” — Donald Trump (November 10, 2016) The honeymoon with his supporters did not last long, did it? I begin with two statements. First, Donald Trump is not part of what is sometimes called “the conspiracy.” Second, he will be on […]
Continue reading →Written by Gary North on November 12, 2016
Goodbye, Goldman Sachs. Hello, JP Morgan? It never hurts to ask. A senior person on President-elect Donald Trump’s transition team contacted JPMorgan Chase & Co Chief Executive Jamie Dimon to see if he would be interested in being U.S. Treasury secretary, a person familiar with the matter said on Thursday. It is unclear how Dimon […]
Continue reading →Written by Gary North on October 15, 2016
You grew up on this story: “Franklin Roosevelt saved capitalism from itself.” This is one of the major myths of American history. Here is how we should understand the New Deal: Franklin Roosevelt saved the big bankers from their depositors. To understand the truth, you must understand what is never mentioned in the textbooks. Roosevelt […]
Continue reading →Written by Gary North on October 1, 2016
I think there will be a government bailout of Deutsche Bank this year. Commerzbank may be in equally bad shape. Its shares are sliding. If Germany’s government must intervene, then European depositors will ask themselves: Which banks are safe? They can deposit euros in banks in every nation in the eurozone. But which banks? Which […]
Continue reading →Written by Gary North on September 24, 2016
Murray Rothbard has told the amazing story of how the New York bankers sold the FED to Congress. His little book on The Origins of the Federal Reserve is a masterpiece. From his book, I have sifted the chronology of the banks’ propaganda program: 17 years. They did it by capturing a handful of business […]
Continue reading →Written by Gary North on August 13, 2016
We all know #1. A few know #2. But #3 gets less publicity. It is known mainly because of the man who killed it. The favorite is the Federal Reserve System. No surprise here. In second place is Alexander Hamilton’s First Bank of the United States, which set the precedent, 1791-1811. You can guess #3: […]
Continue reading →Written by Gary North on May 21, 2016
Wherefore then gavest not thou my money into the bank, that at my coming I might have required mine own with usury? (Luke 19:28). The Greek word for bank is the word for table or stool. It was the same word used to identify the tables used by the moneychangers in the temple (Matt. 21:12). […]
Continue reading →Written by Gary North on April 23, 2016
Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all […]
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