Reporter Gives Terrible Economic Advice (video)
By VC | September 30th, 2011 | Category: Latest News | 111 commentsHere’s the advice given by this news reporter: Don’t invest in gold as it isn’t “backed by anything at all”. Instead, invest in the US dollar, which is backed by the US Government and the US reserve.
No, this video is not a joke. CTV is one of Canada’s largest television stations. And this station’s news reporter told its audience that gold isn’t backed by anything and that it might “not be there next year” before adding that but that the American dollar will always be there, no matter what the state of the economy is. This is so blatantly false, with absolutely no shades of grey, that it boggles the mind. It simply defies basic logic.
First, gold is backed by…ummm…GOLD! It is a precious metal that will always retain its value do to its relative rarity. Gold actually backed the US dollar until 1971. Despite what reporter Bridget Brown says, gold will be there next year, and, most probably, even the year after. It has been a universally accepted currency for THOUSANDS OF YEARS, across all civilizations! Precious metals are a commodity that back themselves due to the constant demand for them.
On the other hand, the US dollar is truly backed absolutely nothing. It is a fiat currency since 1971, meaning that the only thing guaranteeing the currency’s value is a government decree. If the economy crumbles, the thousands of dollars you have in the bank could be worth nothing overnight.
Gold will be gold. And money can become nothing more than worthless paper.
So, yeah, don’t listen to this reporter.
Very true.gold wil alwaysretain its value
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thank you! who ever you are….please do more to expose the Fed
please note the US government and Fed are owned by foreign entities….one US dollar is debt to those interests…I feel it is pretty stupid to blame the American public, despite their fat, lazy self righteous ignorance, they lie among millions of other residents of Earth, to form the base of the pyramid of slavery….follow the money people, the pyramid has a point. The entities at the top will rot in hell and it is our job to do anything and everything we can to see to it the children and animals on Earth are liberated from their hell on Earth. We need to expose who creates and controls the system. It is not the American people!! It doesn’t even stop with the US government or the Fed!! mass media is their baby…US government and public get sooo much negative press, things that make ya go hmmm…
Occupy LA and protest the Federal Reserve and their fuck buddies (banks)
The American people have always fought for our right to print and regulate our own currency…foreign power was what fought back against this…if you blame the people of The United States of America and stop there, you deserve to be a slave in the NWO system….
rip lincoln
rip jfk
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lolololol what a lie “the us dollar is backed by the gov’t” isnt the federal reserve a private company that just has the name Federal in it to make it look like it’s part of the government? i might be wrong on that but i know there is some big organization in the elite that has the word “Federal” in front of it yet it is actually seporat from the federal government of the US.
regardless gold and silver are backed by themselves and the value the human race has given to such metals in our minds. all in all Gold and silver are just mere elements in the periodic table, however we gave it value thousands of years ago and it is still a wise investment. i also suggest investing in food water and objects composed of brass copper lead and gunpowder (all four together as a unit of course)
More lies, lies, lies, lies……..
wait…so hold on…if u.s. money is’nt worth anything…then why the hell am i going crazy trying to make it? working so dam hard to get it? ugh…absolutely disgusting…
This is what two IDIOTS and a camera look like…In case you were wondering.
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Don’t worry I’m sure every one here has seen FOX News at least once.
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True that, fox news is incredibly stupid we should watch NBC or msnbc theyre the ones that are really spewing out the facts, I’m just so grateful that we have two great reliable mainstream media sources that we can count on (sarcasm).
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…yea, because CNN, NBC, et al have never lied to its audience before…
They say that “Silence is gold”. She should probably invest in it a little more…
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classic!
Hasty post, but very informative indeed. Thanks VC!
She has to be right because she’s sexy!! …umm NO Lol…This is hilarious…anyone who’s been watching market trends knows this is a flat out LIE & Gold has been on the rise since last year…im not really involved in stocks though..too many crooked bastards on Wall Street for me to trust (our brave friends camped out on NY streets are working on that though..SALUTE) …but i gotta say this CTV news report is not very surprising since it came out of Calgary, Alberta, where i live, aka the city which runs on Black Gold (OIL).. aka Canada’s most Conservative city where people like Anne Coulter and Sarah Palin are praised. Where War Criminals like George Bush and Dick Cheney (who was here on Wednesday) are welcome and applauded …i still can’t believe people paid 500$ per seat at a at fancy hotel here to listen to this scumbag instill fear upon Canadians of an upcoming “Dirty bomb attack by terrorists”…wait.. how does he know?…lets take him to Guantanamo Bay and find out what he he knows!…what? torture is okay though…he approved it!
http://www.calgaryherald.com/news/Calgary+protestors+chant+Dick+Cheney+warns+dirty+bomb+attack+terrorists/5466
im not hating on Calgary by the way…its a beautiful city …very cool people ..close to Banff you should check it out.
I live in Canada, and watch CTV news very often. It is known as a very trusted news source all throughout Canada, probably the equivalent of CNN in the US. Why they are telling us to invest in the U.S. dollar, I have absolutely no idea. The U.S. economy is obviously a horrendous mess and the success (or lack thereof) of your investment in it will directly reflect this mess. It is odd, false, absurd, and misleading. I have no idea why this approved for broadcast. It’s really just stupid.
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They’re just rearranging the deck furniture on the titanic. Trying to maintain the illusion for the dwindling number of people relying on the boobtube for their ‘news’.
Reminds me of Hitler’s whole, if you tell a lie big enough, and often enough……
Glad you see through it – I see so many awake and awesome Canadians out and aboot. Cheers~
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Speaking of the titanic – I only learned of the ‘Titanic Conspiracy’ this year and looking into it from a bunch of different resources, it is indeed a strange sequence of events which led to the establishment of the Federal Reserve, including the sinking of the Titanic.
http://www.pacinst.com/terrorists/chapter5/titanic.html – This is Chapter 5 from “The Secret Terrorists” for a snapshot but there are tons of books, youtubes and blogs on this.
Also quite interesting, since I know these buggers love their numbers and simply cannot help themselves, few little fingerprints seem to have been left in my humble.
April 14th 1912 – when the ship hit the iceberg 4+1+4=(9) 1+9+1+2=(13)
April 14th 1865 is when Lincoln was assasinated, 47 years earlier 4+7=(11)
So beyond all the ‘perfect storm’ of coincidences and tragedies that came together to create the Federal Reserve after previous failed attempts, the unseen hand is always in the back ground. Blows my mind!!
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That was a fascinating article Sarah, thanks!
come hither and invest in us … we’ll pay you back by brainwashing you into believing we’re good people.
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WHAT??
I must have missed it; did they have blinking lights, weird music, or droning monotone in this news clip? Or maybe that swirling background from “The Twilight Zone” to further hypnotize the masses.
Only in movies do anyone need gold in a post-apocalyptic wasteland. Gold only has the value someone is willing to give it and is totally useless for most folks. Again, they tell you.
If really you want to stack something, stack something you or someone you know really needs : food, land,…
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Agrees with effel!
I agree – I’d rather have a little get away bit of land somewhere remote than a lump of gold.
I think the most valuable thing will be skills – the ability to build shelter, prepare a meal out of simple inredients, know which wild plants re edible, have the ability to apply first aid etc. The more ‘useful’ skills you have, the more valuable you will be to the peoplea round you. I’d sure want to be near someone like Bear Grylls (man v’s wild) when SHTF!
But ultimately, they are wrecking the air (chemtrails) and land (coal steam gas) and the whole PHYSICAL world anyway, so the real “gold” and treasures we should be storing have to be in the SPIRITUAL world – because they are the only lasting treasures they cant get their grubby litttle hands on and steal away from us.
effel, what you are saying doesnt make sense. How can one “stack on land”? You can’t stack land. And food is perishable and consumable, making it a terrible trade good. And its not “only in movies” that gold is used as a currency. As VC said, it was used for thousands of years, way before any movie. Gold has always been the ultimate trading good and I don’t see a drop in the demand for gold anytime soon.
and they plan to take, and or destroy the land you got…
I’ve… honestly no words, no words at all, to express how astounded I am by this ammount of stupidty.
Hell. Its just so much stupidity that it drew me away from the shadowy corners where I lurk around VC’s website to post something.
No, gold can easily be taken by the government due to the hype. Do silver instead.
the Super power USA just wants to pull the whole world down with it as it crumbles under fininancial and social turmoil
What a moron- was she fed that?
Hahaha we already knew the news and media were used to spread disinformation, but GOLD has no value? Nice touch, guys.
I’m running to the market to buy my gold! See ya
even though it might seem that some people somewhere might be buying gold and silver, actually many people pick up an ounce of one or the other whenever they can. it’s available, even on ebay. don’t fall for any of the fake stuff, anything “clad” or coated or plated is not the real thing (often indicating it is coated in some “mills” or precious metal which just means 1/1000th of an inch and has nothing to do with the troy ounce of base metal it covers; neither is “german silver” or “tibetan silver”. lots of arguments support silver being preferable b/c it is an industrial metal as well, not just for vanity purposes, and just as rare.
@ 30 seconds in – listen to that patented inflection in the muppets voice. “The US dawler”…classic stuff.
Question though. What is so special about gold that allows it to retain its value througout civilizations?
Lets say everything goes to hell. I didnt stockpile food…but I stocked up on gold. Why would someone be willing to barter their food supplies for whatever gold I have?
What practical use is gold really…?
Always wanted to know that.
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Hey there, not sure if I am completely correct. But I do think the main reason they set gold as the universal currency back in the 1900s was because it is the most rare of the precious metals? And rare things are always worth more money. Gold is what all currency was supposed to be based off of. If everything does go to hell, I don’t necessarily see people wanting gold or silver. I would be trading my gold for food and shelter so I see what you mean. And it is a very soft metal, not sure there are too many practical uses. I’ve come to the conclusion that its simply rare.
If the ground were littered with diamonds and gold, and we could get mud only by digging deep mines, mud would be “better,” and people in shameful golden houses would work their whole lives for the privilege of living in classy mud huts. It sounds absurd, but the world we live in is even more satanic, because what’s actually all over the ground — soil and clay and grass and wood — is good for growing food and making houses, while what’s deep in the earth — iron and gold and oil and uranium — is good for building weapons and social inequality and alienating machines.
http://www.ranprieur.com/essays/habit.html
I would have to agree with AW here. I do think that gold doesn’t have any practical use, outside the theoretical belief in alchemy. Well alchemy includes gold as one of the most fundamental element in creating the elixir, which is in its esoteric sense can make someone immortal. But then again that’s a theory.
Gold was actually used before the same way the dollar has been used today. They function as the same actually. Maybe money was substituted for gold because of the inconvenience of bringing gold for trade. Imagine putting lotsa gold in your wallet. I think gold has really no practical use per se.
HAHA im still laughing… who cares if your not sure what gold is backed by…. it is the backing! If it isn’t backed by anything we need to be seriously worried.
Right..thats kinda my question. What backs gold?
Filthy misinformation at its best.
What a bitch…I feel sorry for the people who actually take heed this ill piece of advice.
“Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment.” James 5:3
No, if things keep going on like they are in Europe I don’t think gold will be worth anything either. When (God-forbid, unless it’s His will I guess) the world is really post-apocalyptic shiny metal will probably be cared about less than clean water and food. Can’t eat gold.
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“They will throw their silver into the streets, and their gold will be an unclean thing. Their silver and gold will not be able to save them in the day of the LORD’s wrath. They will not satisfy their hunger or fill their stomachs with it, for it has made them stumble into sin.” Ezekiel 7:19
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I have been colecting silver coins from the registers at work over a year now, most likely it wont be any real good when the dollar tanks, because around that time they will most likely switch to the Verichip currency, and i personally want no part in that, i like silver coins though they sound cool when you flip them in the air…
People in my acquaintance are buying gold for the “big disaster” that is about to come…
I don’t think this is a real good idea, and I’ll tell you all why: Heck, you can’t eat it !!! Gold is just a pretty metal. If a disaster comes, it’s best to have blankets, batteries, cans of food, a vegetable garden, a big dog to scare burglars off, keep your car in good working order & the tank full — keep tools & oil & transmission fluid & antifreeze, etc. in the trunk, so you can make a run for it, if you need to… have a generator if you can afford one. Be self-sufficient.
I understand having gold in a vault is good if the economy goes to hell… but-but-but… People I know are thinking of selling off “everything” and buying all gold. How will you eat if there is a disaster / hurricane / earthquake / civil commotion / rioting / looting, etc… ???
No. Plant seeds, raise chickens. Oh, and have a good security system in your home. (If you want a gun, well, fine, but don’t stockpile weapons — after all, you don’t want to be found with a basement filled with AK-47′s and Uzi’s. What would the neighbors think???)
Also… If the economy collapses totally, a lot of people may try to sell off gold all at the same time, and I wonder if this could make the price of gold drop?
Gold is pretty, but you can’t eat it. It won’t keep you warm. Or protect you from riots.
Just a few thoughts…
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I’m not saying that gold will help you survive a post-apocalyptic nuclear crisis where everything is destroyed. Of course it won’t and, personally, I do not live in the fear such catastrophe. I’m saying that investing in gold allows you to own tangible goods that are not dependent on fiat currency, allowing you to have something that is more secure than money that is subject to devaluation. It is just a way to be (more) secure and independent.
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All true, but gold is the answer for not having the value of your cash lose its value.
This is for the situation that is most likely coming, before there is an all out “Mad Max” post-apocalyptic world; i.e., do you want to have $100k in paper which devalues to half its value, or 100k in gold, which today would be worth 3-4x what you bought it for not even 10 years ago.
Also true about “stockpiling” weapons, but you better have a few and know how to use them or you and your “good security system” (and dog) will just be easy victims of desperate people who DO have guns.
I think a balance of all these things we’re discussing (food, water, weapons, clothing, etc.) is probably the best plan.
Not to mention some serious faith in God that you just might be spared these perlious times to come on this earth.
AMEN LVB i personnaly just reinvested in the market of faith. I reccomend to all to repent, it doesnt look like we got many years left…
“Blessed are those servants whom the master finds vigilant on his arrival. Amen, I say to you, he will gird himself, have them recline at table, and proceed to wait on them” (Luke 12:37).
… In addition… just had another though… What if all this “buy gold now!” stuff in the media is a scam? Is it possible the “people who sell gold” are hyping the bad economy to tell nervous people to “buy gold” and protect your life’s savings? I wonder about that sometimes, myself. I still think the best investment is “cans of food, blankets, a generator,” stuff like that.
Robinson Crusoe would be very proud of you.
The scam is not “buy gold now” but “sell gold now” – the exact opposite. They are actively trying to take gold from the people by tempting them with money.
Gold will be worth something. that’s why you’re seeing all these cash for gold places and commercials everywhere. Although, it may help the economy too(that’s the lie they sell) but one day it will be a one world currency and it will not be the US DAWLER! So why not fool the people into trading their gold rings and necklaces, etc. and give them huge amounts of cash for it. It will come a time when no one can buy sell or trade and you all know the rest. So cash will mean nothing in the near future.
Here’s the thing. Gold (and anything else for that matter) only has value because we decided it does. There is no intrinsic value to a shiny rock. We decided that the shiny rock is worth something, so now it’s worth something. It’s not backed by anything. It’s a rock that’s pretty, that’s it.
In the event of an economic disaster, goods will be more valuable than gold. Food, water, gas, ammunition, these are the things that will be valuable. You want to see that in a microcosm? Look at Iraq. We invaded Iraq and destroyed their economy. Before the invasion, they had a currency with Saddam’s picture on it. After the invasion, that currency was worthless. How did the Iraqi’s survive? Not with gold, but with black-market goods trading until their current currency was developed. Want a local example. Look at New Orleans post Katrina. A dollar (or a pound of gold) wouldn’t have gotten much, but a gallon of gas or a few bottles of water would have taken you a long way.
As an investment, gold is currently a good idea. Silver is actually better. Gold’s gone up something like 90% in the last ten years. Silver’s gone up something like 200%. But that’s ONLY based on fear. The long-term (100-yr)track record of gold as an investment is pretty poor, as investments go. In the last 10-15 years it’s gone up because of fear (government, economies, natural disaster, etc.). Once the fear subsides – and it will, eventually – gold won’t be worth much more than it was before the fear, and those that are holding it as an investment will lose their shirts. As a long-term investment, which is what we should all be interested in, gold (and any other precious metal) is not a good idea.
Don’t buy gold (at least not as an investment), spend your money on things that will matter to your family. It’d actually be better to sell whatever gold you have while prices are so high. Get out of debt, have some money in reserve, and buy the things you’ll need to protect your family if you believe a collapse is coming.
mwah! Exactly. Gold is good for now. The economy is a drag, but it’s not as horrific as it really could be, thank goodness. Yeah, you can take your gold, hock it to pay some bills. But in times of real disaster it’s just another THING.
Gold is valuable to civilization, but civilization disappears in a catastrophe. No one was saying the Hurricane Katrinians or the Japan quake/tsunami survivors needed gold – they needed food! Water! Medicine and medical care. When a disaster strikes the guy with the most food or big, safe space that can comfortably refuge a lot of families is gonna be the richest guy, not the one with a bunch of useless, heavy gold bricks.
There was an episode of “The Twilight Zone” where some crooks who stole some gold bars preserved their bodies for 100 years deep in the desert to keep from being found. They get out and while walking though the desert one guy drinks all his water, so he starts buying drinks from the other guy. Eventually he ran out of gold and his partner was of course unsympathetic, but he’d left himself with less water. Eventually he’s alone and about to pass out though twice as rich.. Oh, let me not spoil it too much. It was called “The Rip Van Winkle Caper” look it up.
Re: Don’t buy gold (at least not as an investment), spend your money on things that will matter to your family. It’d actually be better to sell whatever gold you have while prices are so high. Get out of debt, have some money in reserve, and buy the things you’ll need to protect your family if you believe a collapse is coming.
I think you are quite right on that.
I think the thing is that if there is an elite group of people who control alot of the things in this world, if a giant market collapse were to happen, they (who either made it happen or at least saw that it might happen) would be able to make money off of that (See that “Goldman Sachs Rules the World” Video that been going around).
So if a market crash were to happen, the rich will be richer and the everyone else will be screwed. If you invest in something that even they deem valuable, then you have more independence and autonomy. That’s my guess as to why it would be better to invest in silver and gold.
I remember a while back someone saying they found it fishy that suddenly everyone wants to buy your gold and silver. If they want it, then it must be valuable so you should probably keep it and maybe invest in it too.
UGHHH!!! This is very confusing! My mother sold a ring I wish I had told her not to sell. It was her fathers ring. Very heavy gold and with small rubies falling out… She sold it and I think the guy got it for a steal….
Since views are so conflicting on this… I would say that you should have some gold, but also that you should have food, water, flashlights etc. Thank god for the 99cent store
BTW I tried to watch the video… it has been taken down!
Here’s the thing, I’m from Brazil, and the same non-sence news happens here too, aiming to misinform us. It has lead us many times to bad judgements as society, including electing to the wrong people (we had many Bush administrations here, but the enemies were us). Imagine if we get to the edge of a post-apocalyptic age… the US and 300 million people armed… I hope not…
só pra fazer um comentário: cara, faz bastante tempo já que eu venho usando o VC, mas vc é o PRIMEIRO brasileiro que eu encontro aqui também! fico pensando se isso acontece porque as pessoas daqui não conseguem compreender que coisas grotescas como a NWO e etc estão mais próximas do que qualquer outra coisa…
Damn. And there are people who believe in the news to the degree that they will blindly follow her advice. Damn.
hey i can’t see the video!
this appears:
“This video is no longer available due to a copyright claim by CTVglobemedia Inc..”
Gold has been a medium of exchange for 3000 years. It is fiat currency that has failed time and time again. I think that report is a good hint for those who know how to read between the lines.
I am not able to look at the video due to “copyrights of CTV.”
The reporter is right.
There are already procedures to produce gold in the lab. Thus there is a determinable break even point for the cost of production of gold, i.e. getting it under the market price. It’s a chase though as it becomes easier to produce it loses value and the break even point moves.
There was a time when aluminin was more expensive than gold. Because aluminum was tricky to produce and gold you just had to dig up. That’s obviously changed over time. Gold’s intrinsic valuation will change to.
Gold, like anything else, can depreciate in value. But the likelihood of it becoming worthless is unlikely.
The US dollar is, however, not a good alternative. Paper currency has a bigger chance of becoming worthless than gold. And remember that gold has been used as a kind of currency longer.
I remember seeing pictures of German children playing with kites made out of paper currency during the last depression.
Also, certain developing countries that have not been badly hit by recession (like India), are accumulating gold.Banks are taking gold and giving paper in exchange. That in itself proves that the governments know what’s more valuable. Because corruption in politics and financial sectors is high in India, it’s harder to fool people. Ads like these only make people want to hoard gold =)
More proof of media lies and b.s. HAHAHAHAHA I can’t stop laughing at this report. HAHAHAHA!!!!!!
VC is right on this one, without a doubt.
Considering that China, Russian and India are converting massive sums of their own currencies into GOLD, yeah, you can take a big clue from that fact.
Gold, platinum, palladium, silver…even copper – they will all continue to increase in value. And paper currency is paper…it can only become worth less the further a nation goes into debt. There is simply no other way it can go. The only thing nations can do that could be a big problem is to make it illegal to own gold – and don’t laugh too loud, because they’ve done it before.
It took the USA 235 years to get a national debt of $10 trillion – now it’s up to $14 trillion in only the past 2 1/2 years. 235 years to 10….now 4 trillion more in only TWO years. And where did it go? Bankers, Goldman Sachs, GE and lots of other Obama pals…like his worthless pet “green energy” projects, Solyndra, etc. A billion here, a billion there, who cares?
It’s only paper, after all – unless you’re the people who will have to pay the massively increased taxes to pay that debt – that would be US, our children, their children…and so on.
Any questions??
Devaluing the US currency with insane debt is being done intentionally by the ruling elite – it is not accidental. You can’t have a NWO when one nation is powerful enough to stop it – you have to bankrupt and drag that most powerful nation down to the level of others to have the one world government and one world currency they dream of.
Their dream = our nightmare.
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The footage is still available at natural news tv but THANK YOU for being kinder than he was and not referring to her as a “bimbo” and other derogatories.
woww… this is just… I can’t find the words… this world we live in… a lot of ignorant people out there. Thanks VC
gold will not “always” retain it’s value but surely will stay longer then € or $… just have a look at how china is getting hudge gold reserve.. i wont say more.. check by yourselves.. stay vigilant.. but one day cereal will be the new gold.. and i believe it is not this far..
funny how she said ‘us dollar’ everytime in the same way though
I usually have a comment on these articles, but all I can say is WOW!
This report Is ridiculous though I don’t believe gold or any other precious metal Is what It’s cracked up to be.Bread however …
… while away from my computer I had another idea of what people ought to have to plan for a disaster, besides gold, cans of food, a big dog, blankets, etc. — how about a small suitcase (or duffle bag) packed & ready to go if you need to make a run for it. This is in addition to keeping your car in good shape and the tank full. Put that suitcase in the trunk with the tools, extra motor oil & anti-freeze, and a can with an extra gallon of unleaded — I already have a packed suitcase due to surviving a nut job stalker — In it I have a pair of jeans, two shirts, extra underwear, shampoo, a small hair dryer, toothpaste, a toothbrush, etc. All I need to get somewhere else fast in the event of civil commotion. But heck, I don’t think stuff will happen that way. My neighborhood is so dull, worst thing that happens is teenagers driving around bashing mailboxes at 2:00 a.m. But I still keep the little bag packed, and my car’s tank is always almost full… hell, you never know, huh?
So if the big disaster really happens, I’ll try & raise chickens and plant corn & stuff… but when the rioters get too pesty, I’ll be outta there folks! And I’ll take my gold chains with me!
my first thought from this is that “they” are planning to roll out the North American Union soon, before the dollar completely collapses. therefore, the Amero (dollar) will live on to some degree, for a bit. which, from that perspective, i suppose advising to invest in dollars makes some kind of sense to someone.
A hairdryer? seems a bit excessive to me…
What I want to know is who is running these cash for gold scam. Takin your gold that has an actual value and sending you worthless paper.
“They” are preparing for the NAU in other ways expanding our ports of entry developing an iinterrnational databases to help fight the war on drugs which they fund. Both sides of.
The US Doooooolllarrr….she said it funny
#35 @LVB, that’s the truth…. Well said.
This is a step made in favor of the upcoming electronic money (you know, the chips).
Basically the idea here is that gold is now useless and that we shouldn’t care about it. And that the dollar is way better and shit like that.
So when the dollar era comes to an end (because of an orchestrated global crisis yet to come but very close), the whole world finds itself totally powerless, and the people with absolutely no means of getting whatever they want, because everyone was relying on the dollar and had no alternative (this is what they tell people to do now). And then the chips will be the only available solution, and people will accept it because they need it.
my grandmother has been brainwashed by this ‘cash for gold’ bullshit. i try so hard to explain to her that gold will never lose its value because gold is…. gold ! always has been, always will be. and thaat she shouldnt believe everything that these media-personalities/politicians put out there because they might not (and normally dont) have our best interest at heart. but nope, she’s totally convinced that the government is her best friend. all i can do is put my face in the palm of my hand.. -___-
I read somewhere that in Freemasonry magic gold has an alchemical value. Now that they are actively trying to collect as much gold as they can it makes one weary.
I wouldn’t be surprised since gold and silver are mentioned in the three books (Torah, Bible and Quran).
Snort!!! Chortle, Gasp.
Fareed Zacharia just made a similar statement on his sunday show. Gold is not backed by anything like money, bonds or other paper instruments. Don’t have the exact statement; I was in dunkin donuts waiting in line. They had his show on their TV.
reference above: NOT Fox. CNN strikes again!
soon as gold is backed by silver, im gonna buy some.
I think this reporter must be paid by “them” to give us this pack of lie. Actually I read about the confession of one of the TOP Mason before he died. He actually confessed to a pastor while in death bed about all the conspiracy and what will happen 2 days before Christmas in 2012. He sad to tell people to buy GOLD and to convert all their cash and whatever they have into gold, because apparently the money system will crash in 2012 and the only thing that holds value will be GOLD. Funny how i read this article and I can remember that article of the converted mason very vividly.
Whatever they tell us..do exactly the opposite because they are trying to repeat what the Rothschild did many decades ago when he sold all his share only to buy it all when people have all sold theirs. That’s why they are the riches family in the world.
…so did this idiot put her hard studying at work to gather that information? …or was she told to do that story? .really? you can see the other woman was trying her hardest to keep a straight face.
So, let’s say worst comes to worst: The market decides on a whim to ditch all paper currency. Are we back to the barter system? What becomes of electronic transactions? Do I have to pay my bills in gemstones? What becomes of the suggested retail prices at stores? If gold, silver, whatever supposedly “valuable” object became the universal currency what happens to every employed person in the world whose employer doesn’t have gold, metal, livestock, maidservants, cowrie shells or whatever to pay them with? What becomes of insurance policies? The US reserve has a few billion dollars worth of gold but many trillions of dollars out in circulation and debt. I’ve noticed the comments about the chips.
God, money is stupid and people are stupider for loving this imaginary system and depending on it as the reason to do anything, but will they ever learn… -_-
***Double facepalm***
I like the spanish conquistadors motto:
“God, Guns & Gold”
Silver and gold have been used as a means of exchange for over 5000 years because they are fungible, easy to transport, non perishable, can not be duplicated ( or printed out of thin air) and rare. The name for money in over 50 languages is silver. The price of gold and especially silver has been artificially suppressed for many years to give false confidence in the banksters ponzie scheme fiat paper money which is only backed by an IOU. When the shtf you better have food clothing and silver(and some gold if you can afford it), or you will be screwed. Those who have food and other necessities will mostly except only silver or gold as payment unless you have something of real value(ie hard assets) as payment. Buy silver ASAP why you still can.
Sometimes I wonder if things would be better if we were just cavemen in a cave having to trade furs for stuff.
My other go to reporter Mike Adams such a great journalist.
Unbelievable! That’s all I can say about this.
I understand basically what was meant by the comment, the problem with gold is if the currency collapses and people have no way to trade (i.e. money) you are not going to go into a grocery shop with a gold bar and ask to buy bread, if the economy were to crash in that manner even gold would be of no use to you, sure the value would still be the same but where could you trade with it?
She is on Twitter @ctvbridget. Here is my tweet on her: https://twitter.com/#!/lylesjon/status/121218729655812096
So doesn’t know what she’s talking about but she’s looking good and that’s all that matters right?
Gold may be correcting but not for the reasons she laid out.
What happend to the video?
hahaha!!!
How can I copy this video in order to share it on other sites?
Interesting…. remember a few articles ago there was a video of a US trader on the BBC telling everyone that the Eurozone market will crash. That governments don’t rule the world, Goldman Sacs does. He gave good advice… up until he said “Everyone is investing in T-Bills & the US Dollar”.
Is that what’s going on? Random US economist are going on national networks in other counties, scaring the crap out of them with fears of a Collapse & their only hope is to invest in the US Dollar? Meanwhile, the US can barley stand on two legs & everyone is waiting on China to pull the rug from under us. So we have our little traders go around the world telling people to invest in us, to build the US dollar up. And the unknowing Europeans, (etc) that invest in US has NO CLUE that the US is a fiat currency. ANd they send all of there $$ here for us to FKUP with another “war,conflict, natural disaster, bank bailout, corporate welfare bailout ETC ETC”. Oh yeah…. I see a global finacial nightmare looming.
…. but in the society we live in, we cannot purchase everything with gold…. we cannot pay our rent with gold, buy food, or clothes … and even to buy the gold, we must use the bank notes… it’s a horrid system that was set up from the beginning so that we would be imprisoned by it…. one can buy all the gold one wants, but then, here, in the present, in this reality, who’s going to accept one’s gold when it comes to paying for the essentials to survive, to live?
Look at the historical events of paper dollar crashes.
People with gold and silver and other hard assets could trade for food, clothing, shelter, things, etc.
They could trade gold and silver for other real currencies too. They could buy things. They could make exchanges to get by. Whereas paper kept losing value.
Gold: The first and still biggest hype ever.
it is crazy that people dont believe that gods word has to be fore told so keep look out for gods word to be forTOLD!
This looks to be her first newscast, and yes, she is a bit of a bimbo and does not know what she is talking about.
It sounds like she may have been talking about GLD ETF but got confused with what that goof, Todd Hirsch, was talking about.
However, the U$ bit is a joke, being backed by corruption and lies – Paper Junk.
Blame those behind the scenes not the bimbo.
I actuality what she is saying is not far from the truth. You should watch The Secret of OZ by the makers of Money Masters.
Great post of this video i agree with alot of points made about main stream media and the ignorance of ” journalists ” and people not being educated about money , but i disagree with the opinion that the gold backed money system is the most reliable money system and cannot be manipulated ,i think it can be manipulated through the alchemical process, and its not the most reliable because gold is a rare and limited commodity and for more money to be created you would need to find and mine more gold so it only benefits the rich and social dominant. I agree with a previous post something only has its value because we give it value anything can be used as money and has done through history for instance the tally stick system in Britain and in Ancient Rome they used cheap and plentiful metals like brass and copper , all that matters is who controls the quantity and value of the money not what the money is backed by .
Hi all.
I will try to keep my comment clear, sorry if I do a mistake, this is my first comment but I take a look on The Vigilant Citizen every day since this year (2011) begun. Also, sorry for my bad English, I am Brazilian.
So, touching the “dollar subject” I can just tell you the greatest equation that I have never discovered, here it is:
Debt = Money
Money + Money = More debt
So, its simple to explain how they turn debt into money from, practically, nothing.
Think about it:
- Let’s say that a person deposits 10 billions of dollars in the bank.
), and them, these 90 % become a kind of “clear money” and its not added to the debt quantity.
- The banks themselves have a kind of “agreements” to respect (I know they do not have to respect almost no agreement at all, but it is the best word that I found to describe this).
- So, the bank takes that quantity and keep intact 10 % of it (In this case: 1 billion of dollars), and… What they do with the other 90 % (In this case: 9 billions of dollars)?
Answer: They suddenly add it to general money supply (To their bank accounts,
- And also, as you, dear reader, have already noticed, as the 90 % become “clear” it can be “treated” just like a normal incoming deposit.
And as I always said to my friends (But they indeed did not, and still, believe me):
“A 50 dollar bill is not worth 50 dollars, but just as 1… Just as one bill, not as dollar.”
In my opinion, the same thing happens to the other token variations (Like the euro, and indeed, just like in my country: The “real”) as well.
BR. ADFENO
Have a nice day.