TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Thursday, January 24, 2013

What If Goldman Sachs Went Bust? Gary North’s Reality Check (Jan. 24, 2013) The governor of the bank of England is Mervyn King. He is about to be replaced by the man who is presently the governor of the Bank of Canada, Mark Carney. This replacement is unprecedented. A man who is not a British citizen is being brought in to... READ MORE When Women Drive Tanks, Will They Be Afraid of Guns? The outgoing Secretary of Defense has authorized women to serve in the front lines. From now on, women will be allowed to serve in tank crews. They will be in foxholes with the guys. They will even be in elite commando units if they qualify. Question: When they come back home, will they be afraid... READ MORE Joe the Plumber on a Pro-Gun Boycott Samuel Joseph Wurzelbacher is not a household name. But his alter ego, Joe the Plumber, still is, over four years after he gained his 15 minutes of fame . . . and then some. Search Google for “Joe the Plumber,” and you’ll get over 1.4 million hits. All because of that one brief encounter with... READ MORE A New Site for the Woman Who Owns a Gun (and Plans to Buy Another One) There is a new website that targets what I hope is a large and growing audience: women who own guns. These are women who inwardly cheered when Sandra Bullock warned hooligans in The Blind Side that she was packing. The hooligans wisely left her alone. The site is here: http://girlsjustwannahaveguns.com In a time of increasing... READ MORE Gun-Related Offers? Not on Groupon. “Gun Deals Rnt Us!” That is Groupons new motto. Want to sell a course on firearms safety? Skip Groupon. Groupon is “No guns, M’Lady.” Why would anyone selling gun-related offers care? You don’t have to offer a discount these days. If anything, you can hike prices. We are seeing the biggest gun rush in my... READ MORE Hyperinflation in the Afterworld There are a lot of Jewish comedians who broke into the comedy business as stand-up comics. There are a lot of Jewish economists who broke into the field of economics as sit-down drudges. Yoram Bauman is the only Jewish economist who broke into the field of economics as a stand-up comic. Here, you see why. ... READ MORE As I Predicted 13 Months Ago, Apple’s Days of Easy Profits Have Ended. In early December, 2011, I wrote an article on why I thought Apple would lose the smart phone war to Android. Read it here: http://www.garynorth.com/public/8798.cfm Apple’s momentum is now slowing. It suffered a profit decline in the fourth quarter. That has not happened in a decade. It is a great company. It sells music. It... READ MORE Boehner Kicks the Deficit Can Until May 18. Obama Accepts. The House Republicans have decided to kick the can. Obama has won. It was an easy victory. There will be another can-kicking on May 19. The Republican party is devoid of either brains or backbone. The prophet Isaiah called Egypt’s Pharaoh a broken reed. “See, you trust in the staff of this broken reed, on... READ MORE Obama’s Second Inaugural Address: An Unofficial Translation Barack Obama, who did not close Guantanamo, prosecute corrupt bankers, or get American troops out of Afghanistan, delivered his second inaugural yesterday. The address was a judicious combination of platitudes, deception, code words, and a large dose of bloviation at the end. To bloviate is to give long speeches with high-flying words, yet communicate little.... READ MORE The Futility of Banking Reform Gary North’s Reality Check (Jan. 22, 2013) The largest banks are immune to reform or regulation. They control the Federal Reserve System, and have since the beginning in 1914, when it opened for business. The Congress defers to the FED. So, the banking system never changes much. There is never a significant reform. Today, the... READ MORE