No Way to Stop 3D Guns, Says Homeland Security

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Monday, June 3, 2013

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 Jobless Claims Are Back Up. Where Are the Jobs? First-time jobless claims hit 354,000 last week. The figure had been dropping early in May. The media had started running articles on happy days are here again. Like Ginger Rogers in Gold Diggers of 1933, their song was premature. This also was bad news. More people were collecting jobless benefits: up by 69,000. The total [...] READ MORE Mortgage Rates Rise. Bernanke’s $500 Billion Subsidy Isn’t Working. Mortgage rates have risen from 3.5% to 3.8% in the last week. The Federal Reserve System buys $40 billion in mortgage bonds every month. This greatly adds to demand, keeping mortgage interest rates low. That’s the theory, anyway. But the theory is facing headwinds: rising rates. This was not supposed to happen, but it is [...] READ MORE A Man Who Shot a Killer Dog Is Fined $1,000. Unregistered Gun. In Washington, D.C., three pit bulls attacked an 11-year-old boy. A neighbor went into his home, got a 9mm pistol, and shot one of the dogs. The police heard the shots and came to investigate. They shot the other two dogs. Then they arrested the private shooter. It seems that he had not registered his [...] READ MORE The Rich Pay Most of the Taxes, Get Half the Tax Breaks. Democrats Are Outraged at Tax Breaks. The liberal Washington Post ran this headline: Richest 20 percent get half the overall savings from U.S. tax breaks, CBO says. The CBO is the Congressional Budget Office. The story began: “The 10 largest breaks in the U.S. tax code will save taxpayers more than $900 billion this year, with a little more than half [...] READ MORE