Move over "barbaric relic" and "no interest".
"Gold is backed by nothing". We have a new winner for the all-time most idiotic thing that The Doc has EVER heard uttered about gold.
You seriously can't make this crap up folks.
Check out this local MSM news report on gold that aired yesterday.
"Some investors aren't confident with what gold is backed by- or if its backed by anything at all, as compared to something like the US dollar.
Investors are comfortable that the US dollar is backed by the American government, so that no matter what is happening to the US economy, something like the US dollar is backed by the Federal Reserve, that's going to be around a year from now. That's a much more comfortable investment for them."
Watch the entire interview below
29 comments:
Id hit dhat!!!
Her name says it all, 'BROWN-NOSE' Bridget, Gold has been around backed by 'before the fed was even in dads-bag' The Zionist cartel use this pretty face to spread unadulterated balderdash, as 'anonymous' said, she is worth the sum of the pheromones she is consciously emitting,in one big hit!
She pulled a double-bimbo: First the gold thing, then she equates the Fed to the US Gov't.
There is a technical term for this: "going Full Retard."
Yet, I hate to point this out, but she is actually correct, for what most people seem to consider gold, you know, the paper stuff. As you know, THAT counterfeit gold isn't backed by anything. May be she is trying to tell folk something. Ohhh... never mind, as I doubt she is intelligent enough to even know there is a distinction, as in gone full bimbo.
And no anonymous, you don't want to hit that, or at least not breed with that, as intelligence tends to follow the maternal line (genetically speaking), and in this case I think you would breed a brood of idiots.
Ennis
Sadly I'm sure atleast a good 90% of Americans think the same way as she does... It's ok though. They all will learn the truth the hard way soon enough Bahahahahaha!!!
Silver Spiff
Hey Doc
Excuse me for getting silly and irreverent again, but Spiff just gave me an idea.
We need a Bwahahahahaha!!! sound track or something.
Ennis
Just Sadly funny... Most stupid comment I have heard for a years...
I hope Zerohedge pics up on this. At least there we will get some reasonably intelegent responses.
Bitches
She's young. Real question for me ; who is the asswipe that make her think she was educated?
She is just a paid prostitute.
An expensive one i guess who performs to the amount she is being tipped ( not with the dick)
She says that someone named Tod Hersh? said "gold wasn't backed by anything as apposed to the dollar".. So who would that might be?
These reporters are puppets of the banking cabal. Gold is backed by nothing (what ridiculous). Gold itself is enough to back Gold. And USD will get junk in a hyperinflation
Idiotic.
HAHA! Gold and Silver are backed by over 5000 years of history! Thats good enough for me!
So the US dollar is a farce backed by a fraud, or is that the other way around? :)
Hey ....got a question. If you take a ton of gold, the FED, and all the US dollars and put them in a pile, apply intense heat until the gold melts, what do you have left? A ton of gold in much nicer surroundings!
Randy - Good one ;-)
Just to be clear about value and backing:
The value of air is backed by our need to breath.
The value of water is backed by our need to hydrate.
The value of food is backed by our need to eat.
The value of Gold and Silver is backed by humanity's need for real money, chosen buy society at large, if it wants to function beyond barter.
Humanity does not need fiat. That is to say, Humanity does not need anyone else to dictate what money shall be. That is simply not necessary. Thus fiat has no natural value to humanity. It can only have imposed value, thus the term "fiat."
Humanity needs to throw off these impositions if it wishes to function beyond bondage.
Ennis
the reason we stack precious metals is because the dollar is backed by federal reserve! shes nuts that she thinks fed is govt and fed is for the people.
what a joke...
Bridget appears young and naive..probably not disingenuous so I forgive her. For now she is lost to the matrix. I hope I can forget that video tomorrow...Bridget may quite possibly hope the same in years to come.
Bridget? I can only guess she works for a bank.
Sperm Bank, that is. That's probably how she got her job. Going ankles up.
I only hope she hs some auctionable talent to survive the coming apocalyspe. Maybe night deposit clerk at the same aforemention institution
Substantial penalty for early withdrawal
Pat Fields: What does it take for these dolts to comprehend that all exchange is rational barter and that all value is 'backed' by rarity in combination with utility. Their statements betray their total vacancy of thought. The question really isn't what 'backs gold', but what 'gold backs'.
that is truly the dumbest thing I heard this year.
Funny thing is there is some guy thats with her that is tired of her shit, and this should be the breaking point. YOUR DUMPED for being a BIG DUMMY
"Gold is Backed By Nothing, The US Dollar is Backed By The Fed- That Makes It a Much More Comfortable Investment"
One can be certain the end is near when they have to resort to moronic lies such as the above.
If gold is backed by 'nothing', then why does every central bank in the world, including the IMF, hoard gold?...
And silver scares them even more, precisely because central banks don't even have any silver. So they can't even suppress silver prices by normal means of selling silver. They have to resort to criminal activities of the likes of JPM and HSBC, both under ongoing lawsuits for illegal suppression and manipulation of silver prices. What a joke these people are.
Real wealth needs no backing, that's what they don't get. They will get it soon enough when their 401k goes to nothing. She's just a clueless chick, nothing more.
She is just a paid prostitute.
Sounds a lot like Warren Buffett stating on Feb 12th 2012 that 'GOLD HAS NO VALUE AS AN INVESTMENT' - and just 13 days later... he buys Cookson's: http://www.bloomberg.com/news/2012-02-23/cookson-rises-in-london-as-buffett-s-berkshire-buys-metals-unit.html :)x www.twitter.com/SilverbullAU
The video has been deleted, is there another copy somewhere?
John Witherspoon (1723-1794), Presbyterian minister who signed the Declaration of Independence and was mentor to President Madison said of legal tender laws, such as we have today forcing acceptance of Federal Reserve notes---
“THE MEASURE CARRIES ABSURDITY IN ITS VERY FACE. WHY WILL YOU MAKE A LAW TO OBLIGE MEN TO TAKE MONEY WHEN IT IS OFFERED THEM? ARE THERE ANY WHO REFUSE IT WHEN IT IS GOOD? IF IT IS NECESSARY TO FORCE THEM, DOES NOT THIS DEMONSTRATE THAT IT IS NOT GOOD?”
On September 19, 1881, President James Garfield died from a gunshot wound from a likely emissary of the New York money mob. Could be what he said that earned him their disfavor was---
"A bank note is not money; and no power on earth can make it money."
The most revealing characteristic of the New York and London financial community is their sponsorship by the British Crown, which persists in its long term ambition to retake North America.
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