7,000 Abandoned Buildings in Dayton

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Tuesday, May 14, 2013

“IRS? Tea Party Intimidation? I Knew Nothing. Nothing.” — Obama President Obama says that he only learned of the IRS’ persecution of Tea Party groups late last week. For those of us who were big fans of the TV sitcom about a German POW camp, Hogan’s Heroes, this sounds strangely familiar. It sounds like Sergeant Schultz. He says that the accusation, if true, is “outrageous.” [...] READ MORE 7,000 Abandoned Buildings in Dayton In Dayton, Ohio, there are 7,000 abandoned buildings. Because of federal asbestos controls, it costs $11,000 to demolish one building. So, they rot. The city is desperate. It cannot afford to demolish them. So, like a blight, the number of these buildings continues to grow. This is the Keynesian economy at work. This is recovery. [...] READ MORE Goodbye, Pensions. Hello, Solvency. Detroit Leads the Way. Detroit is bankrupt. Everyone knows this. Everyone has known it for months. It is not official, but it’s close. The pension holders are going to see their dreams blown to dust. They are the cause. They will be the solution. The state has sent in The Terminator. He can shut the city down. He can [...] READ MORE Youth Without Hope: 60% Unemployment Greece has a 60% unemployment rate for people in the 18-25 age bracket. Think of this. This is a generation that is unlikely ever to save their career plans out of the recession that has overtaken Greece and is getting worse. It will mar them for the rest of their lives. The experts said this [...] READ MORE Ammunition Tight, Will Stay Tight Ammunition manufacturers are not adding capacity. They think this run on ammo is temporary. So, buyers cannot buy it. The buyers want it. Retail sellers are imposing rationing: limits on purchases. There is no let-up in sight. Ammunition manufacturers are reporting record profits and sales, with increases that number in the double and sometimes triple [...] READ MORE The CEO of the Biggest Bond Fund Says the Government Has Rigged the Game Against Investors Bill Gross is the CEO of Pimco, the largest bond fund on earth. In his latest newsletter, he lays it on the line. The government is working against all investors. In the language of finance, the government will give investors a haircut. During and after World War II most countries with high debt overloads resorted [...] READ MORE FBI Monitors G-Mail, Yahoo, Hotmail, and Facebook Accounts If you store your emails for over 180 days, the FBI says it can legally monitor them without a warrant. It took a Freedom of Information Act inquiry to find this out. This defies a ruling made in 2010 by a federal appeals court. An FBI “Operations Guide” makes exemptions for any email that stored [...] READ MORE One of the Great Hatchet Job Movie Reviews of All Time Rex Reed has outdone himself. He is known for hatchet job reviews, but what he did to The Great Gatsby will become the stuff of legend. I have seen two TV “trailers” — why are previews called trailers? — of this movie, and I concluded: “Stinker.” But Reed’s review persuaded me that I had underestimated [...] READ MORE Feds Ban Blueprints for All-Plastic 3D Pistol The Department of State, ever alert to national security threats, has banned the publication online of blueprints for a one-shot pistol. The pistol can be made at home, if you have a 3D printer. Maybe you saw the video, with the loud music and the stock movies of some World War II bombers. The reason [...] READ MORE Government Lures Naive College Students into Debt of $850 Billion Average student debt for college is now $26,500. That is up 5% from last year. As with almost everything else in life, Pareto’s 20-80 rule governs student debt. About 20% of students with debt carry 80% of this debt. Median debt is half this: about $13,600. Half owe more; half owe less. What the stories [...] READ MORE