TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Monday, February 18, 2013

Reversal of Fortune: Why the Power Elite Will Lose Power 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... READ MORE Terrifying Videos: Russian Meteorite This video gives some indication of what it was like. There is a page where lots of these videos are posted. First, see how many new cars are on the road. Two decades ago, there were nothing but large Soviet cars for officials. There were few cars. It took years to get one if you... ... READ MORE Psychotic Tea Party, Says “Lincoln” Screenwriter In this brief interview by Charlie Rose, the screenwriter of Lincoln refers to Tea Party members as psychotic. Reagan voters, too. He says that the welfare state is community. He says that climate change threatens the species. All of this is as accurate as his script, which says that Lincoln pushed hard to get Congress... READ MORE Cholesterol and Statins: The Debate Rages I do not have high cholesterol. I do not take statins. If I had high cholesterol, I would still not take statins. Click the link. ... READ MORE Obama: A Keynesian, Not a Communist Gary North’s Reality Check “It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be... READ MORE Video: Decentralization vs. Bureaucratic Monopoly Invest 4 minutes to this video. If it’s right — and it is — then what is the solution? One word: decentralization. I hope not this word: disintegration. Two words: county rights. It means that everything else is tinkering. It means that nothing fundamental will change. It means that any attempt to reform the system... ... READ MORE Liberal PBS Runs an Article on Government Default Should the U.S. government default? Wrong question. The right question: Can the U.S. government avoid defaulting? The answer is clear: no. It will default. It is $222 trillion in the hole. That’s the present value of its future obligations. Of course it’s going to default. Would the be bad? Not for taxpayers. Would it be... READ MORE Currency War: You Lose, Exporters Win A currency war is in progress. Central banks are inflating. This lowers the value of their currencies. Then other central banks inflate. “We will win the war of currency debasement!” Who wins? Exporters. Who loses? Consumers. When a nation’s currency increases in value compared to others, its consumers can buy foreign goods cheaper. This is... READ MORE Downton Abbey: Soap Opera for Property Rights Gary North’s Reality Check I am not a big Downton Abbey fan. I watched the first half a dozen episodes, but then I realized that the thing was turning into a very expensive soap opera. I stopped watching. I am a Foyle’s War fan. I prefer period piece murder mysteries to period piece soap operas. ... READ MORE War Games in Your City: Preparing for Civil Unrest The military continues to run war games in American cities. Why? The optimists say that the military needs training for urban crowd control in foreign nations. The pessimists say that the military expects riots in the USA. I think it’s both. The military wants to keep its options open. This means preparing for 21st century... ... READ MORE