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Tex Norton

Tex Norton is the nom de plume of an automotive engineer turned aerospace engineer turned financial planner turned curmudgeon.

Bankster’s Cartel: Licensed to Steal

Nov 3rd, 2009 | By Tex Norton | Category: Featured, Morning Whiskey
If this isn’t a BO-HICA moment, I don’t know what is. (Bend-over; here it comes again). Friday, October 30, nine (9!) banks failed and were taken-over by the FDIC. That brought the total bank failures to 115 so far in 2009. This number of failures hasn’t been exceeded since 1992 AND ...read more


The President’s Health Care Scare Tactics Exposed

Sep 11th, 2009 | By Tex Norton | Category: Featured, Morning Whiskey
I’m calling YOU out, Mr. President. How dare you arrogantly assert that it’s your way or the highway? That Cook County – Chicago trick doesn’t work in the rest of our great country. You railed against what you called scare tactics and misinformation. Yet you then proceeded to misinform your audience ...read more


National Medical Malpractice — The Government’s Plan to Socialize Medicine

Sep 8th, 2009 | By Tex Norton | Category: Featured, Morning Whiskey
Ever have a Charlie Brown moment? Aggggggh! That perfectly describes my reaction to the arrogant, elitist, political response to the Town Hall forums currently being held throughout the country to discuss the proposed National Health Care program. “How dare you question OUR decisions?” The TV coverage shows politicians caught as ...read more


Why Minimum Wage Means Maximum Slavery

Jul 31st, 2009 | By Tex Norton | Category: Featured, Macro Economics, Personal Liberties
While we were in Vancouver last week, the dipsticks in Washington, District of Criminals did it again. They increased the Minimum Wage from $6.55 to $7.25 per hour. I don’t mean to preach to the choir, but there goes the remnant of what might otherwise have been the start of a ...read more


FDIC Fosters Moral Hazard Among Banks

Jul 10th, 2009 | By Tex Norton | Category: Featured, Personal Investing
What am I missing? Why do the majority of folks blindly accept the shenanigans of the federal government? Why is it advisable to bail out the failures and penalize the productive? Isn’t there a moral hazard lurking somewhere in this mix? In a recent editorial, Peter Schiff reminded me of what ...read more


Bernie, Ponzi and Social Security

Jul 7th, 2009 | By Tex Norton | Category: Featured, Morning Whiskey
You all know by now that Bernie Madoff was given a 150-year sentence for perpetrating a $65 Billion Ponzi scheme. That’s 145 years more than the original Charles Ponzi received on November 1, 1920. And Ponzi only served 3-1/2 years of that sentence in the Federal Penitentiary. After being released, ...read more