First they ignore you, then they attack you, then you win.
I first emailed Gary North on July 25, 2010, for clarification of his May 28, 2008 claim that gold and silver coins produced by the U.S. Mint aren’t real money, despite being legal tender. I received no response.
Then, I started noticing other questionable claims that he made, which can be found here.
I sent a few other emails, all with no response.
Then, Michael Rivero’s WhatReallyHappened.com picked up two of my articles about North’s outlandish claims.
It was only when Max Keiser picked up my article on Gary North’s fool’s gold standard that North responded to me, by bragging about writing over 900 articles for LewRockwell.com.
Yesterday, I had the fortunate opportunity of guest hosting George Whitehurst-Berry’s Crash! Are You Ready?, and starting at 14:15, I covered Gary North’s fool’s gold standard, as well as his compatriot’s misleading testimony to Congress, about the Fed creating boom and bust cycles solely as a result of its increase in the money supply, saying nothing about the subsequent contraction of it through an increase in capital requirements and the fractional reserve gold standard.
It’s funny, isn’t it, how my emails to him suddenly gained more credence once I got coverage of his statements out to ever-wider audiences.
North responded yesterday to my notification of quickly catching up to his audience by informing me that he was placing me in his “Nut Job files” and would block all further emails from me.
Until others call him out by email and other forums on his outlandish claims, he’ll continue spouting them.
Gary North is a old delilusional fool , his response
to what i wrote to him
Standard Jew-hating rot. Go such a Federal Reserve Note. I am placing you on BLOCK SENDER.
I wrote this to his article below
I believe also the system Is messed up with fiat currency which is controlled by the Unseen hand called the money masters/Rothchild dynasty. I think where you are wrong is going with gold . Your reasoning is flawed if you think that the gold market is not controlled by those same bankers who have been playing America from the start. After all there are two golden rules and they play by the one called he who has the Gold makes the Rules not the do unto others as you would have them do to yourself. The Gold market is captured and cornered, if you want to go your route you’d have to go with silver backing the currency because it is 20 times more plentiful and not cornered. I am all for getting the international bankers out of America, but every President that has touched this has been meet with a bullet. This game of gold is a fools game if you don’t think that 90% of all gold is cornered and owned by the families pushing this world order and destroying America. I at one time thought such as yourself but have been digging very deep after the towers feel because there is a dark shadow that has engulfed America with deception and half truths.
[…] 1) Gary North runs for cover as his fool’s gold standard gets ever wider exposure […]
[…] unfortunate for you if you actually kept you word and blocked all future emails for me after Max Keiser picked up my article exposing your fool’s gold standard, since I am now providing you with an opportunity to smoke out another alleged false flag […]
[…] I have taken North to task about some of his past statements, but on these ones, I am in full agreement. It is therefore […]
On March 4, 2011, Gary North said “[gold] is not a store of value.”
http://www.lewrockwell.com/north/north952.html
By that measure, it’s not money, according to the standard economics textbook definition of money being: (1) a medium of exchange; (2) a unit of account and (3) a store of value.
He also says gold has no intrinsic value. I say, even if gold does have intrinsic value, how would you know what it is when the value of everything is in the eye of the beholder?
On this point, I agree:
“We read that the price of gold has not changed. Only the price of the dollar has changed. Again, this is obvious nonsense.”
Multiple prominent commentators on several GCN shows have made the claim that gold isn’t going up, it’s the dollar’s purchasing power that’s going down. However, both change in relative proportion to each other.
North admits that a government-guaranteed gold standard (what most people mean when they say gold standard) is also a fiat standard.
“The general public thinks of their national currency unit as a standard of value, but it isn’t. That is not because fiat money is uniquely a fiat economic standard. All standards are fiat. We say “let it be,” and then either buy, sell, or do nothing.”
And I agree with his dispelling of a common erroneous claim in the liberty movement that a one ounce gold coin has held its value over time, with the flawed example of it buying a fine suit, belt, and shoes now, just as it did in Roman times.
“Over centuries, an ounce of gold has bought varying quantities of goods and services of varying value.”
Clearly, the difference in the price of gold of $850 an ounce in 1980 dollars versus $250 an ounce in deflated 2001 dollars shows that you could buy a lot better suit, belt and shoes in 1980 than in 2001.
It sounds to me that the underlying issue here is the confusion between what is an IOU and an “I just gave you what I owed”, or realistically, barter. If the gold was borrowed in the first place, the borrower would of course have to capture the gold back to fulfill his debt, hopefully without a “bank discount” – the heart of all misery.
Keep in mind, “intrinsic” means in/out. We associate it with “value”, I think. So, people are basically saying “it has value value”.
North is definitely hard to reach, until you confront him publicly in a big way, as I did.
Someone claiming to be a journalist by the name of Mark Oppenheimer of the New York Times has even tried reaching him repeatedly without a response.
http://www.ronpaulforums.com/showthread.php?282959-trying-to-find-Gary-North
Here was my response:
“He ignored a few of my emails about some claims he made, until they got coverage on Max Keiser’s site.
He’s too busy churning out articles with claims such as gold produced by the U.S. Mint isn’t real money, despite being legal tender, and promoting his own fool’s gold standard which calls for contracts enforced by the very same government he says lies, cheats and steals.”
North calls you a nut job? What a compliment! He wont be able to find a job anywhere near a dollar bill if he doesn’t catch on to reality soon.
Max Keiser pointed out that another thing North said about someone was like the kettle calling the pot black.