TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Tuesday, February 12, 2013

Benedict XVI and Barzillai: Time to Bow Out Gracefully When King David was on the run from his revolutionary son Absalom, Barzillai helped him (II Sam. 17:28). After Absalom’s death, King David returned to Jerusalem. On the way, he met Barzillai. Now Barzillai the Gileadite had come down from Rogelim, and he went on with the king to the Jordan, to escort him over... READ MORE FED Vice Chairman Paints a Grim Verbal Picture, Then Ends on a Cheery Note. Janet Yellin is the Vice Chairman of the Federal Reserve System’s Board of Governors, a government agency. She recently gave a speech on how bad the unemployment situation has been, is, and will remain. But she ended on a note of optimism. It was an optimism that was not supported anywhere in her speech. Let... ... READ MORE Americans Are Tapping into Their Home Equity for Loans. Americans are borrowing against home equity once again. These loans were up by almost 20% in 2012. Some of these ignorant people are converting their home mortgages into personal loans. If they live in states where mortgages are non-recourse loans, where the lender cannot come after them if they default, they lose this legal protection... READ MORE Erroneous Credit Reports: Are You a Victim? The Federal Trade Commission has issued a report on credit reports. About 20% of them are inaccurate. The FTC did not have to conduct a study. Anyone with a statistical background knew that 20% are erroneous. It’s Pareto’s law. About 20% of the worst examples of anything provide 80% of the problems. What if your... READ MORE Gold Will Fall to $750 in a Year, Says Rodney Johnson. (Who?) I had never heard of Rodney Johnson a week ago. But then I came across an advertisement link: “Gold will fall to $750.” I am always interested in ads. Financial ads sell either greed or fear. This was a classic fear headline. I clicked. Here is what I read. Gold Up or Gold Down? Why... READ MORE Gold Is Not Money. This Video Shows Why. Mark Dice says that hardly anyone knows the price of gold. To prove this, he went out on a pier at the beach in southern California. He stopped people and told them they could have a free gold coin if they guessed the price of gold within 25%. He showed them the coin. No risk. ... ... READ MORE Video: 30-Story Skyscraper Built in 15 Days It’s almost all over for conventional construction. This was done 29% cheaper per square foot. Watch this for 3 minutes. This is the future. ... READ MORE House: $58m in 2006. Sold for $29m, 2012. Property Tax, 2011: $7,900. Hmmmmm. Someone thought he had a really good deal in 2006. It was listed for sale in 2006 in San Francisco in for a mere $58,000,000. A steal! A once-in-a-lifetime opportunity. “Don’t rent. Own.” It just sold for a little under $29 million. Easy come. Easy go. But there is the matter of property taxes. The... READ MORE Giving Predestination a Helping Hand: A Dating Site for Calvinists Arminians don’t always believe in free will when it comes to marriage. Mothers tell daughters: “God has a man picked out for you.” Calvinists take no chances. For a dating site for Calvinists, click the link. ... READ MORE Cap Pistols, Gun Control, and Ethics Gary North’s Reality Check It never ceases to amaze me how many articles that we can find on Wikipedia. Rare is the case when I search for a topic, type in wiki, and the first article that my search engine discovers is not a Wikipedia article on exactly that topic. I searched for “cap pistol”... READ MORE