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French Fried Banks

Written by Gary North on December 2, 2011

If Italy defaults in the next few weeks, or even suspends interest payments, French banks will need a massive bailout. Where will they get the money? From the French government? But where will it get the money? At what price? The dominoes could fall. Other nations’ banks could fail. The world faces French fried banks. […]

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FED Intervenes: Dollar Falls, Gold Rises

Written by Gary North on December 1, 2011

By now, you know that the Federal Reserve and other central banks promised to supply dollars to help bail out the Eurozone. The FED is going to be the lender of last resort for Europe. The dollar fell. Gold rose. There will be lots more headlines like this over the next decade. This is not […]

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Bad News for 2012

Written by Gary North on December 1, 2011

The OECD is a middle-of-the-road international agency. It reports on economic trends. It favors Keynesian intervention at all times. Here is a video of its latest predictions. Here is the message: The world will muddle through in 2012, unless the euro crisis intensifies. If that happens, the world goes into prolonged recession. This report is […]

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European Bank Run: Here Comes Recession

Written by Gary North on November 23, 2011

When The New York Times has figured it out, it’s real. This story reports on what amounts to a run on the banks. Rich investors are selling PIIGS bonds, pulling out of PIIGS banks, and fleeing for safety. This forces up interest rates in PIIGS countries. This forces banks to raise rates to borrowers. This […]

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Price Inflation Remains Low

Written by Gary North on November 18, 2011

I prefer to use the Median Consumer Price Index to the regular CPI. In October, prices rose 0.2%. They have been in this range for months. The more common index, the CPI, reveals a comparable low rate. As I have been saying for two years, price inflation is low because banks have stashed $1.6 trillion […]

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Merkel Is Ready to Sell Out Germany to the NWO

Written by Gary North on November 18, 2011

Agela Merkel is an internationalist. She plays a political game. She says firmly in public that there must be no more bailouts, that the European Central Bank must not inflate. Then she goes behind the scenes and agrees with whatever the ECB wants to do. She is now saying that it is time for nations […]

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European Loophole: How to Inflate Legally

Written by Gary North on November 18, 2011

The only institution with enough money to bail out the PIIGS is the European Central Bank.  The threat of a domino effect is increasing. By treaty, the ECB is not allowed to buy the debt of governments. It gets around this by lending to banks that buy government debt. But the bankers are beginning to […]

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Wall Street Journal Opposes the Flat Tax

Written by Gary North on November 16, 2011

The Wall Street Journal published an article opposing the flat tax. The author is Alan Blinder, a former Vice President of the Board of Governors of the Federal Reserve System. Blinder was a big supporter of the “cash for clunkers” program, which destroyed used cars at government expense. He teaches at Princeton University, where Bernanke […]

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These PIIGS Won’t Fly: Goodbye Euro

Written by Gary North on November 15, 2011

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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