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Posts Tagged ‘prediction’

On March 15, 2012, I wrote the article, Shades of Y2K — Gary North’s bogus Apple prediction, about Gary North’s bogus October 11, 2011 prediction that:

Apple’s relentless descent to earth is inevitable. I can prove it in 15 words.”

“There is no one to follow him. There will never be another Steve Jobs at Apple.

In my March 15, 2012 article, I had wrote:

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.

Now, on January 26, 2015, what had been a bogus prediction is now an outrageously stupid prediction, with Apple shares having traded on the previous Friday at $112.98, with a 7-1 stock split value of $790.86, a 103% increase over its October 2011 value.

Yet, Gary North continues to get paid subscribers and continues to get published on LewRockwell.com, showing that it’s not about ability, but consistent writing and being connected.

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Gerald CelenteAppearing on the May 3, 2012 episode of the Alex Jones Show, Gerald Celente’s failed Q1 2012 European bank holiday prediction was never mentioned, in his first appearance since the end of Q1 2012.

Obviously everyone wants to downplay their failures while trumpeting their successes, but the issue in the so-called alternative media is that it is commonplace for much hype to be given before and during the show regarding a guest’s predictions, only for some big ones not to materialize and be swept under the rug, and the guest to be invited back to make more questionable predictions.

Here is the video showing Celente making his bogus prediction.

For someone who has been known for making repeated bogus predictions, see my article, Lindsey Williams’ 2010 oil price prediction tanked.

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Gary north

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

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Gold Key, weighing one kilogram is used to acc...

Appearing on the Christmas Day 2011 broadcast of The Alex Jones Show, Porter Stansberry of Stansberry Research said in response to MF Global leveraging themselves 38 to 1 and going bankrupt (starting at 52:03):

This is how the system worked for 40 years. Ever since we left gold in ’71, this was the path to wealth. You borrow unlimited amounts of money and if you get in trouble, you will get bailed out, and you just borrow more money — that’s the secret. That is how Corzine made Goldman Sachs the biggest bank in the world — by leveraging everything, and getting bailed out anytime there was trouble.

The main factor in that case was likely outright theft, and regarding U.S. government policy, Congress’ repeal of Glass-Steagall under the Clinton administration in 1999 and the repeal of the ban on most derivatives under the Reagan administration were the real factors involved.

Stansberry is referring to Nixon ending the international gold exchange standard, which allowed foreign central banks to convert their USDs to gold at $35 an ounce, and there wasn’t anywhere close to 100% backing of the dollars held by other countries, so they were already lending out more dollars than was backed by gold.

Furthermore, Goldman Sachs is not the largest U.S. bank. Market capitalization, for Goldman Sachs, according to Yahoo Finance, was $46.17 billion as of December 23, while J.P. Morgan Chase was valued at $127.49 billion. The net income available to common shareholders of J.P. Morgan was $18.55 billion, while it was only $3.76 billion for Goldman Sachs.

For more on Porter Stansberry, see my article, Porter Stansberry’s prediction that the U.S. dollar will cease to be the world’s reserve currency in 2011 likely not to come true.

For more on the bankster gold standard, see my article, The gold double standard.

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On October 13, 2011, Alex Jones, at the end of his discussion with Dr. Steve Pieczenik, said in response to his “insider” source predictions that the U.S. would attack Iran in the next two weeks:

50:48 – “Spread the word, World War III is about to start.

Two weeks later, at the end of the day on October 27, no attack on Iran has taken place.

For more on this, see Lindsey Williams Iran sources likely correct; Alex Jones’ sources likely not, and Lindsey Williams’ October 2011 predictions, says “There will be no conflict in the near future with Iran.”

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United States dollar

On December 14, 2010, Porter Stansberry of Stansberry Research Associates released a video called “The End of America.”

In it, he made the claim (at 6:18):

Let me back up and show you in the simplest terms possible what is going on, why I am so concerned… and what I believe will happen in the next 12 months.

He then went on to talk about the end of the U.S. dollar as the world’s reserve currency (13:40).

“The U.S. dollar has been the world’s reserve currency for decades now. So most Americans don’t have a clue about what the repercussions are of losing this status.

Commenting on the likelihood of Stansberry’s prediction much earlier than October 2011 wouldn’t have been that useful, as we learned in 2008, when the U.S. stock market was relatively high prior to September, before things began to massively collapse.

And, obviously a prediction much later than now wouldn’t be of much value either. Therefore, on October 23, 2011, I predict that Stansberry’s prediction is likely not to come true.

Eventually, the U.S. dollar will lose its status as the world reserve currency, since nothing lasts forever, and especially not a currency whose status is imposed through artificial forces, and not market forces.

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Map flag of Iran

On October 13, 2011, Alex Jones, at the end of his discussion with Dr. Steve Pieczenik, said in response to his “insider” source predictions that the U.S. would attack Iran in the next two weeks:

50:48 – “Spread the word, World War III is about to start.

Lindsey Williams appeared on Radio Liberty with Dr. Stan Monteith on October 12, 2011, and informed listeners that his sources had told him:

41:51 – “There will be no conflict in the near future with Iran.

I think that Williams’ prediction will prove to be true, unlike his prediction in October 2010 that crude oil would go to $150-$200 USD a barrel within six to eight months.

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