Wednesday, January 28, 2015

Using Women’s Photos To Lure Dumb Men

Gary North is out with a short youtube clip discussing this ad:

The ad has appeared at his site, the Tea Party Economist and also at EPJ. It is part of a Google adsense campaign, where we have little control over what ads show up. But North is correct, the ad is everywhere.

Here is his commentary on the ad:

The ad is a promotion for Jim Rickards investment material. Writes North:
This scenario is being promoted by a man named Jim Rickards. In February 2012, I wrote an article for my subscribers on why I do not take his thesis seriously. I have now re-posted my article for the general public. You may read it here.
I wrote this:
There is no Currency War III. There is just one long currency war. It escalated in 1914, when Europe went off the gold coin standard and never returned. There was a fake gold standard, beginning in 1921: the gold-exchange standard. It ended on August 15, 1971, when Nixon killed it.
Roosevelt killed the domestic gold coin standard in 1933.
Any gold standard that can be killed by unilateral decree by a President was a government gold standard from day one. It is not worth the paper it’s written on. . . .
Currency wars will continue for as long as politicians and bureaucrats have sovereignty over money. There will be no clear-cut winner in the long run.
Nothing has happened in three years that in any way resembles his forecast. Now the dollar is shooting up against other currencies — the opposite of Rickards’s thesis. The dollar is the strongest of all the world’s currencies today.
My thesis then was (and remains) this: Keynesians control central banks. They will make sure that their currencies do not get too far out of relationship with the U.S. dollar. The rising dollar subsidizes the export markets of foreign nations. Politicians love to subsidize exports. They are mercantilists.
There is not going to be a collapse of all currencies. There has never been such a collapse. There has not been hyperinflation in any large, Western industrial nation north of the equator except after World War II: Germany and Austria in 1921-23. To worry about hyperinflation in America, Canada, and Western Europe is just plain silly. It has never happened in peacetime.
But what does all this have to do with an Asian woman with no underwear? Only this: her photo lures in men who are more interested in photos of Asian women than with World War III or currency wars.

My thinking is in sync with North. I believe that Rickards is/was a CIA operative. I interviewed him once (SEE: James Rickards Is Today's Guest on The Robert Wenzel Show).

An anonymous commenter summed up pretty well the key part of the interview:
 Rickards was audibly uncomfortable sharing his cooperation with the CIA on your show. He knew where the questions were leading.

And then this from another commenter:
 Rickards was scared shitless in the interview, Wenzel brings out that Rickards worked for the CIA and worked out of Langley. Then Wenzel draws out of him that he worked for Citigroup and Wenzel asks him about CIA operatives at Citi and Rickards doesn't deny the possibility that they are there but dodges the question.
No wonder Rickards, rushed off the call, Wenzel had him by the balls.
Judging by how ubiquitous the ad is, this must be a very expensive ad campaign. I wonder who is funding it--and mixing up women, World War III and currency wars?



  1. I only read it because of the picture!

    1. I only read those ads for the articles. Honest!

  2. Nice. Glad to know my initial skepticism of this guy was warranted. I heard him name drop Rothbard once, but his macro outlook didn't mesh with a Rothbardian analysis whatsoever. Connected enough to get invited to do financial war games, but also willing to name drop Rothbard, despite not really practicing his teachings = obvious plant/shyster.

    1. Rickards writes a newsletter for Agora Financial...

  3. This guy has his finger in Nystrom over at the Daily Paul. For years Nystrom has posted his stuff. I dare say he's never once posted anything by Rothbard.

    1. Nystrom is another shill

    2. So, I saw this hot asian chick in a photo and it lead me to an EPJ article.

      Bummer. :P

  4. Rickards is basically sanitising Schiff's message to a more Statist audience and selling books - hence all the doom gloom prognostications about the USD (although he is an independent thinker and not overtly political). I don't think he is a CIA plant at all, he just wants to keep his career and TV show appearance alive and not appear too fringe hence he steered clear of 9-11 topics. Being a 'truther' is a death sentence for any public personality

    Many of us who work on Wall St. have no idea what's going on with the govt. and CIA - the ones that work at banks are just asked to donate to certain candidates during election season. Only few at the very top know about these things that Robert was trying to imply Rickards knew. (Rothschild are one of our investors at the place I work and I don't have their inside plans for world domination although I am pretty senior!)

  5. Kazakhstan’s Central Bank buying out all gold produced

    For the recent two years Kazakhstan’s Central Bank has been buying all the fine gold produced in the country, reported, citing Albert Rau, Minister for Investments.

    “Given the turbulent global economy condition, the National Bank has been buying out all the fine gold produced (…) annual production output stands at 22 tons a year”, Mr. Rau said, when presenting a draft law on precious metals and gems in the country’s Majilis (lower chamber).

    “As a rule, prices for gold grow amidst growing demand (…) the latter is normally driven by volatility of major currencies. Currently, the keen interest to gold is assigned to the weakening Euro. Gold is seen as a stable harbor”, he elaborated.

    When asked if the Government would allow gold smelters to sell gold to individuals after the country’s gold reserves are replenished, he answered “there’s never too much money in a family. In the same way, there’s never too much gold”.

  6. "But what does all this have to do with an Asian woman with no underwear? Only this: her photo lures in men who are more interested in photos of Asian women than with World War III or currency wars."

    Aw come on North, can't I be equally interested in all of it?

  7. Are you kidding? Hyperinflation in U.S. is silly? I think North will regret writing this and John Williams has it right.