Fascist Housing: Making It Official

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Tuesday, June 4, 2013

Federal Reserve Policy: “Made in Japan” Gary North’s Reality Check The FED says it will inflate. Its major representatives keep saying this. To understand the Federal Reserve, we must understand how the Federal Reserve interprets the situation in Japan. The recently adopted inflationist policy in Japan has not yet worked. Business capital spending is down 5%, year to year. Sales were [...] READ MORE Mission Accomplished: China Gets Half of Iraq’s Oil. You may remember the promise of the neocons in 2003: America’s war with Iraq would be paid for by Iraqi oil. Besides, the war would cost only $50 billion — $60 billion, tops. The war cost $2.2 trillion — $3 trillion, tops — and the oil is being gobbled up by China. Oh, well, they [...] READ MORE Semi-Automatic Rifles Reporting Mandated in Border States “North of the border, down Mexico way.” The Obama Administration now requires gun dealers in states bordering on Mexico to report anyone who buys two semi-automatic rifles in a week’s time. A panel of three federal judges has upheld this. Gun dealers in these states are affected: Arizona, New Mexico, Texas, and California. The official [...] READ MORE Fascist Housing: Making It Official Housing policy in the United States has copied the fascist model for housing ever since 1934, when the FSLIC was set up: government-guaranteed savings and loans. This was part of the well-named National Housing Act. It subsidized middle-class housing by guaranteeing Federal Savings and Loans against “bank runs.” The essence of economic fascism is simple: [...] READ MORE De-Postal Monopoly: Feinstein’s Sweetheart’s Deal Fact #1: Senator Diane Feinstein is married to the CEO of the largest commercial real estate services firm in the U.S. Fact #2: The U.S. Postal Service is going bust, because it can no longer compete. It has a monopoly, but it’s market is shrinking. Fact #3: The U.S.P.S. is selling off 41 post offices [...] READ MORE No Way to Stop 3D Guns, Says Homeland Security. The advent of 3D printers has created consternation for the Department of Homeland Security. In a memo, it admits that this new technology poses overwhelming problems for the suppression of gun ownership. Here are highlights from the memo, which was issued by the Joint Regional Intelligence Center. “Significant advances in three-dimensional (3D) printing capabilities, availability [...] READ MORE International Bankers Have Lost Faith in Each Other’s Banks In 2007, bank lending across borders peaked. Since then, it has declined by 40%. This is a vote of “reduced confidence” by bankers on the international banking system. Cross-border lending fell by 1.9% in 2012, reports the Bank for International Settlements, the central bankers’ central bank. The main reason was a decline of 5.2% into [...] READ MORE Iris Eye Scans on Public School Children — No Parental Authorization Three tax-funded schools in Florida allowed a profit-seeking firm onto the campuses to scan the eyes of children. These are the equivalent of fingerprints. The schools did not notify parents. The scanning was done without parental authorization. This technology is spreading. It is part of a nationwide program. More than one profit-seeking firm is trying [...] READ MORE Wealth Recovery? Not Even Close. A new report by the Federal Reserve Bank of St. Louis reveals that the wealth recovery since the bottom of the recession has been 45%. It also reveals that most of this recovery has been in the stock market. It does not mention the fact that about 20% of stock market investors own 80% of [...] READ MORE Desperate Keynesians: No Economic Recovery The New York Times is the flagship of Keynesian liberalism. It sets the tone for the American Establishment. An article on the world’s economy admits that the Keynesian cures for recession — deficits and central bank inflation — have not worked in the United States, Great Britain, and Europe. Only in Japan, and only through [...] READ MORE