Does anyone take Gary North seriously anymore?

[FauxCapitalist]

First, he claimed Y2K was going to be the closest thing to Armageddon. Then he claimed gold and silver coins produced by the U.S. and Canadian Mints aren't money, and then he called a government-guaranteed gold standard a fool's gold standard, while proposing his own so-called free market gold standard that is also a fool's gold standard, in calling for government enforcement of contracts.

Today, as Apple stock hit $600 per share -- a 54% increase in the five months since North said Apple was going down like Newton's apple, my question is: does anyone take Gary North seriously anymore?

Source: http://fauxcapitalist.com/2012/03/15...le-prediction/

It’s now 12 years, 2 months and 15 days after Gary North’s apocalyptic Y2K predictions failed to materialize, and not many days after that since he scrubbed all references to it from his website, GaryNorth.com.

Thankfully, there is archive.org, which shows his Chicken Little fear-mongering in all its glory.

On October 11, 2011, North took the opportunity of Steve Jobs’ untimely passing to spout off on how Apple’s fortunes were tied to that of Newton’s apple, and that both were inevitably going down.

The closing price on Apple shares the day before his article was $388.81 USD per share.

As of March 15, 2012, in anticipation of the new iPad 3, Apple shares traded at over $600 per share — a 54% increase in just five months since his bogus prediction.

Indeed, Apple stock will eventually go down from its Steve Jobs-era high. North didn’t put a date to his prediction, but such a huge increase in such a short time effectively shatters his prediction.

Less than two full months after his article, he wrote another one, saying:

“I have always suspected it. Apple as a company is over-hyped. The company’s new iPad users’ support strategy proves it.“

He then went on to complain about his customer experience, and admits:

“Do I have a bad attitude? No doubt. But it is in response to what I regard as a customer-insulting company.“

Yes, they are such a customer-insulting company, that consumers continue to turn out in droves for Apple’s smartphones and tablets, instead of RIM’s, whose market share has massively tanked.

For more on Gary North, see my articles:

1) Gary North runs for cover as his fool’s gold standard gets ever wider exposure

2) In claiming the Bible is anti-socialist, Gary North overlooks a blatant example of its socialism

3) Gary North’s free market gold standard is also a fool’s gold standard

4) Gary North praises Wal-Mart’s low prices despite some of it coming at the expense of taxpayers

5) Gary North: Spokesman for a major Federal Reserve bankster smokescreen

6) Cheerleader for bankster economics

7) Gary North admits gold was a bad investment from 1980-2001

8) Gary North claims gold coins produced by U.S. and Canada aren’t money, despite being legal tender

9) 21 years a medium-term investment? If you’re a gold bug, it is

[sgt150]

Yeah, I don't think many people here are going to be convinced that you're a wiser economist than Gary North. Sorry.

[Sola_Fide]

Eh, Gary is good in some things but bad in others. He is a great free market economist.


His position on theonomy is wrong. But his general position on Calvinism is right. Reconstructionists emphasize the social and political witness of Christianity far too much. Christianity has never been, nor will it be, primarily a political or social program.

Christianity is the story of how God saves His people by grace through faith. The centrality of history is Christ's sacrifice on the cross. The political or social implications of this are merely that...implications. The centrality of the gospel is not that God wants a political kingdom here on earth...that is the fallacy of Roman Catholicism.

There are certainly principles that we can glean from the Scriptures, but the Reconstructionists have gone off the deep end by saying that even the Mosaic civil law is still binding today.

[Black Flag]

Yeah, I don't think many people here are going to be convinced that you're a wiser economist than Gary North. Sorry.

Ibid

[Sola_Fide]

///

[FauxCapitalist]

Yeah, I don't think many people here are going to be convinced that you're a wiser economist than Gary North. Sorry.

I wonder if Lew Rockwell even realizes that North claimed gold and silver coins produced by the U.S. and Canadian Mints aren't money. If you or I wrote that in an article, I doubt Lew would publish it.

[NoOneButPaul]

Who?

[enoch150]

Fake Capitalist is an appropriate handle for you.

[BudhaStalin]

aside from his highly controversial views regarding christianity, I think North is a swell guy. And though he may hit and miss sometimes, for the most part he is on the money. His lectures at the Mises University are inspirational and he is a good asset to the liberty movement.

[FauxCapitalist]

Fake Capitalist is an appropriate handle for you.

It's original, unlike yours.