CNBC just topped the all-time propaganda one-liner denigrating gold as worthless because you can't eat it with this doozy: Can you build a house out of gold!?! Bwahahaha!
Yup, stay away from gold sheople, because unlike The Pharaohs, you can't build your house out of it.
And lets get this straight. The biggest "dirt" you can find about Ron Paul is that he advocates the 'crazy' investment of gold, and that he predicted a currency crisis of the US Dollar in 2006!?!
Well there's this theory that gold is somehow intrinsically valuable. That there is something about gold that unlike fiat backed currency, unlike greenbacks dollars that the federal reserve prints, that it matters, it means something. And you sort of interrogate that, and you think What does it mean? Can I eat my gold? No, that's not good for you. Can I build a house out of gold? You would need a whole lot. Can I use it for ammunition? Maybe a little. Gold does not have an incredible intrinsic value!
There is a testable theory behind Ron Paul's arguments about gold. What Ron Paul believed was that in 2006 we were going to have a big currency crisis. He thought the dollar was going to crash, and he actually prints a testimony he did back and forth with Ben Bernanke on this exact topic. But we did not have a currency crisis! The dollar is stronger than ever! Treasury bonds are stronger than ever! So the thing that the gold bugs thought would happen DID NOT HAPPEN! Watch the full interview below.
*Caution: make sure your 6 year old is out of earshot as $10 says you can't make it 2 minutes into the clip w/o screaming obscenities at Ezra Klein & Chris Hayes
26 comments:
Everything they say as criticism applies to the US dollar in far greater magnitudes.
Can you eat paper money? Can you build a house out of paper money? Can you use paper money for ammunition.
The one difference between gold and fiat money is gold holds value. It cannot be diluted at will like fiat currency with ever increasing supply to bailout banksters favored annointed ones like Goldman Sachs, and JP Morgans with unlimited lending, money creation, ZIRP, TARP, and other forms of inflationary policy.
And they try to discredit gold by mentioning a specific outfit that was a crook. Like no fraud, scams, or theft has or can ever occur using dollars or paper money? Yeah right. These guys are either complete idiots, or tracherously decitful propagandists intentionally trying to mislead and further victimize the working class.
Ezra Klein and Chris Hayes are collaborators aidding and abetting the mega criminals.
P.S. - please excuse my typos. I'm a 2 finger typist.
Where do I send you my $10 ?
Which one of these faggots is Rachel?
He denounces Ron Paul because of one incorrect prediction (2006 dollar crisis), yet Bernake gets a pass for all the bubbles he missed? And telling us all along that inflation will be low?
Oh and here's my favorite:
http://www.businessinsider.com/bernanke-quotes-2010-12#june-3-2009-17
He has decredited himself.
Just sad! I have more respect for people that just parrot what idiots like these say and dont know any better. When you portend to know what you are talking about, but are so biased you can't seem acknowledge actual truth, I will have no pitty for them after "goldbugs" are able to say I told you so.
When the Shit his the fan, I wouldn't want to be one of these Huskter media puppets! I hope they have deep holes to climb in, when the Sheeple find out that they have been Duped!
Give me your gold. I will show you how to build a house out of it!
Amazes me how many times these stupid argments ignore existance of metal-paper exchanges. I guess that is what you get from a population that for the most part has never traded nor traveled.
-Marc
Hmm...its not working. Can someone post the link to the interview?
So why does the Treasury and the Fed hoard gold? Hmmmm...may be to have something to revalue to dollar down to maybe? Can't wait till these "hucksters" are begging in the street for a solid copper penny!
Most people just want a money supply that cannot get debased while the governments use skewed statistics to report inflation. If the governments of the world did not continually debase their currency and allow banks to create trillion$ of dollar$ out of thin air then we wouldn't even be having this discussion.
During the past decade gold related assets have provided protection. It appears the money changers are doing their best to slam the prices of these metals driving out the Average Joe's right before the next upcoming economic event which we must assume is the Euro implosion or perhaps some type of economic martial law (as Gerald Celente predicts).
The intrinsic value of gold is derived from the fact that it represents an implicit energy standard. Gold has high "value" because it is rare --meaning that it takes a lot of energy to obtain a small amount. If all the gold in the ground were to somehow vibrate to the surface one day, it would still have value because it still has many practical and aesthetic properties, BUT, this value would be equivalent to how much energy it took to bend over and pick it up. Not entirely zero, because the energy expenditure would be so miniscule, but close enough.
This is also why FOOD, FUEL, human LABOR (work) and tools (all based on the transfer and/or generation of energy), etc. also have intrinsic value. Note that if one removes the energy/force factor from any of these elemental economic components, one also entirely removes their inherent "value."
You simply can't escape physics. E=MC^2 for a reason. "Abstract" value is literally an empty concept, and in terms of economics, this is why all fiat currencies always ultimately intersect with a value of zero, while all its advocates claim that "value" ITSELF is just a concept, rather than, in reality, simply an unrecognized synonym for "energy."
The goal of the filthy useless US media is to keep Americans stupid and uninformed abnd to beleive that the USA is number 1.
For this reson, Americans are uninformed and in big trouble.
I hope that Americans keep listening to these two faggots.
More silver for us to buy.
It will be glorious to watch the Americans running around with no heads, when the SHtF
JB Canada
The monkeys laughed at Gold $600, laughed at Gold $700, $800, $900, $1000, $1100, ...
I get the last laugh.
Cheers!
Ezra Klein... wasn't he the one who said that the Constitution is hard to read because IT IS OVER ONE HUNDRED YEARS OLD?
http://www.breitbart.tv/liberal-star-blogger-ezra-klein-constitution-has-no-binding-power-on-anything-confusing-because-its-over-100-years-old/
"Which one of these faggots is Rachel Maddow?"
Thanks for the laugh.
TPTB clearly want you OUT of gold. I wonder why no mention of silver in their script?
Maybe they don't mention silver because of its many industrial uses and people's disturbing ignorance of it-(don't even say the word, boys). Gold is easier to criticize without the industrial demand. They forget it is the most malleable metal, the best radiation shielding, and virtually never corrodes. They forget its role as m o n e y everywhere. According to the ancient Sumerians, space aliens came here for gold, baby. That says it all.
does he belive what he is saying? i think he is a phycopath
Pure douchbags. Disingenuous spin artists. Gold is a very portable recognizable standard of value.
I'm so sick of that argument, "You can't eat gold". You can't eat oil, or paper, or dirt, or your car, or your house, or any other non-food commodity. If we carry that useless argument to its logical conclusion, we should only be trading or buying seeds!
These guys are useless turds.
Fine..you can't eat gold. Great. Cool. Wonderful. Fucking SWELL. So how's about the federal government just give me all of their gold...poor me, I'll just have to starve to death with all my "useless" gold
cheers,
SonOfSam
Unbelievable ... I'm blown away... I don't know what else to say... Like you can build a house or eat green backs... WTF!! Do these assholes listen to what they say??
For the record you can eat gold...haha... Gold flake on high dollar gourmet dishes... Even silver flake has been seen... Don't know the last time I saw shredded green backs on my steak... Stupid fucks! We will take one for the team and take all that useless gold off there hands...lol
Two shitheads going bla bla bla.. I've read and know enough fundamental stats about precious metals market to understand their intrinsic values which currently are being suppressed by the paper market that's losing steam fast over the whole trust issue. .. 2 shitheads in some expensive-looking studio ..pathetic how this agenda-driven "media" is looking these days! ;)
Poor sheeple they wont know what hit em.
"If your dental work is not ceramic,you just might be eating with some gold teeth.",is my current reply to this pablum.
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