The TEA PARTY ECONOMIST
Ron Paul's original staff economist, Dr. Gary North!
Monday, May 13, 2013
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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 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 Unemployment Today: Recession Level Unemployment has fallen, but it is still in recession-level territory. With respect to long-term unemployment (15 weeks to 26 weeks), it is rising fast. To prevent a return to 2008 numbers, the Federal Reserve creates $1 trillion a year to buy government bonds. READ MORE Unauthorized Free, Private Bus Stop Benches Will Be Removed in Detroit, Bureaucrats Say. A technology class came up with an idea: free benches at bus stops. This would help elderly people, the students imagined. So, they went to work. They designed, then built, a bus stop bench. They put it at a bus stop with no bench. The Detroit Department of Transportation informed them that this was not [...] READ MORE “Butt Out,” 60% of 18 to 34-Year Olds Tell Federal Government Despite a horrendous unemployment rate of 45% for this age group — almost as bad as Spain’s and Greece’s — about 60% of America’s young adults believe that the government should get out of their lives. Even more amazing, half believe that the government is not helping the economy. Two-thirds are favorable to entrepreneurship. These [...] READ MORE Gun Violence in the USA Has Declined for 20 Years Gun violence has been falling in the United States for two decades. Between 1993 and 2010, the gun homicide rate fell by 49%. The public does not perceive this, thanks to media attention to specific cases of gun violence. Rates for all categories of violence have fallen. This includes gun violence. The same study revealed [...] READ MORE |
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FBI Monitors G-Mail, Yahoo, Hotmail, and Facebook Accounts
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