TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Saturday, December 15, 2012

WEEK IN REVIEW: The top stories of the week Michigan Union Members Punch Fox News Commentator Union members punched out a Fox News commentator who favored the right-to-work legislation that the legislature voted to pass. This video shows what happened. Violence is not the way to settle debates over government policies on labor negotiation. It is hard to believe that Michigan, which is UAW country, is going to have a law... READ MORE Forecaster Predicts 100% Chance of a U.S. Recession Beginning in 2013 I don’t think there is a 100% chance of a recession next year, but I do think it will begin. Japan is in a recession. So is Western Europe. It is a stretch to think that the USA will sail through this in the black. Germany’s economy is slowing. It has been the tide that... READ MORE Housing Market: Good News for Investors It had to come. The government laid down the law. You will not be able to buy Liberty Dollars, the privately issued medallions on eBay. The government knows what it is doing: killing competition. If you have not bought any American eagles, you had better start. Use the Web to shop for the best prices. ... READ MORE The Silliest Political Prediction I Have Ever Heard Up and down the nearly bankrupt state of California are school districts that have borrowed hundreds of millions of dollars. They are now in the hole ten to one. They sold bonds. These bonds are not payable by amortization. Interest builds. Then, one fine day, the districts will have to come up with the money... READ MORE “We’re Number 2!” — America Falls Behind Asia in Millionaires How many millionaires are in North America? Go on. Guess. Now guess how many millionaires there are in Asia. Asia is ahead of North America. This includes Canada. Millionaire wealth in the United States and Canada in 2011 fell 2.3 percent to $11.4 trillion – still the wealthiest region by this measure – though it... READ MORE