Glenn Beck: Astroturfing For Gold?

http://www.airamerica.com Hard to tell if Glenn was hawking gold or being a "journalist" the other night, so we decided to mash up that episode and some of Glenn Beck's Goldline commercials. Video Edit by @DorseyShaw (Twitter) More at Think Progress http://thinkprogress.org/2009/10/07/beck-gold/

Category:

News & Politics

Tags:

• glenn beck
• gold
• goldline
• the dollar
• commercial
• think progress
• poliitics
• kanye west
• gold digger
• satire
• comedy
• Dorsey Shaw

[Dimmooburger]

I knew this guy was smarter than he appeared on his how. He just made a company a lot of money by convincing people to pay $200, for coins made out of $20 worth of gold. Too bad about those massive counts of fraud, some people cashing in found out what they spent their savings on was worthless.

[dfgyuhdd]

Goldline charged with 19 counts of fraud. Sounds like a safe investment to me.

[k3304]

Glenn Beck has done a great public service because gold went from $300 an ounce to $1800 today

[vechorik]

@fee316, Stock Futures Already Down 200 pts — Gold Tops $1,700

[youngdrodeau]

And lastly,of course gold does nothin to effect unemployment or wages.Whether or not we use paper or gold money obviously isn't gonna change the fact that you got laid off cuz Netflix killed the BlockBuster you worked out & Starbuck's is only hiring 3 people this month & you ain't one of em.

So there you go.A gold standard wouldn't change prices,credit,debt,wages or employment.

Fiat or gold isn't our problem.It's that the owners want to much for too little.We need lower prices & higher wages.

[youngdrodeau]

We don't need a gold standard to fix this problem.We need regulation.MAYBE,just maybe,we shouldn't be lettin people spend wealth now,that hasn't been created yet.Maybe bankers shouldn't be allowed to spend any of that $100k until the homeowners actually give it to them.Even better,cut the bank out altogether,make the seller collect his profit monthly in the form of mortgage,instead of all in one lump sum.Or maybe,you just can't have a $100k house,till you've worked & saved up $100 fuckin k.

[youngdrodeau]

The bank never runs the risk of losing in the deal.Either the homebuyers pay them off the $100k + $20k in interest they "loaned" them OR they get to take the house back & sell it again (Hopefully this happens after they've paid off about $118k but b4 they can pay the balance & the bank loses it's cash cow).

The only person takin any risk is the homebuyers.They could be foreclosed on & have spent that money for nothin.And even they now want a bailout funded by other taxpayers!!

[youngdrodeau]

THAT'S the real problem with "creating money",not fiat or gold.It's that everyone wants to have their shit now & at lil to no risk.The home sellers wanna sell a $60k house for a $100k,but they don't wanna wait for their investment to be paid off.They want to spend now.The bankers wanna give loans & make interests,but still spend that money as if it's still in their pockets.And between insurance,the right to foreclose & the fact that it's the bank customers money..there's no risk.....

[youngdrodeau]

Meanwhile,the seller is out pumpin that $100k (worth of goods & services that haven't been created by the debtors yet) into the economy.So is the bank.Their balance sheets have an $100k worth of future profits,so they can spend it now.Hell,the homeowners might even take out a 2nd loan against the house.

So,with $10k down payment & a promise,3 people are buyin a $100k house.Everyone's countin & spending their eggs before they hatch.

And we wonder why we got inflation?