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Keynesian Leaders Demand More Deficits to Avoid Recession.

Written by Gary North on April 10, 2013

George Soros has said that Europe will go into recession this year if governments adopt austerity, i.e., do not run huge deficits. Our new Secretary of the Treasury has demanded the same thing. Keynesians love two things: national government deficits and central bank counterfeiting to fund these deficits. Their mantra is this: “Deficits and digits.” […]

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Sticking It to the Eurocrats: Cypriot Parliament May Vote No

Written by Gary North on March 19, 2013

The Eurocrats did not expect this. They got the newly elected president of Cyprus to crawl on his belly. The poor dolt had promised the nation in his February 28 inaugural address that he would not consent to a bank tax. “Crawl, you powerless nonentity,” the unelected, unofficial EuroGroup members told him. He did. Now […]

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Reversal of Fortune: Why the Power Elite Will Lose Power

Written by Gary North on February 18, 2013

Remnant Review The best description of the reversal of fortune is Mary’s Magnificat, recorded in the Gospel of Luke, chapter 1, verses 46-55. “He hath put down the mighty from their seats, and exalted them of low degree” (v. 52). This was a fundamental theme in the Old Testament. We are told that those who […]

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