MUST SEE - Gold Stupidity From TV Reporter

Tweet     Email Video to a Friend

---

This is one of the funniest clips I've seen in 3 years of running this site - Runs 30 seconds.

• "Since gold is not backed by anything, compared to the U.S. dollar which is backed by the Federal Reserve..."

Thanks to Canuck for posting it in comments this morning.

Comments

[Canuck]

ROFL!! Made my day too. That's a CTV (Canadian Television) reporter in Calgary. Let's see if Cramer can surpass this stupidity...not holding my breath.

[DailyBail]

"Since gold is not backed by anything, compared to the U.S. dollar which is backed by the Federal Reserve..."

Brilliant link Canuck...

[TR]

Don't light a DOOBIE if you have a gun!!! I love a good police state. Glad there is no other crime (BANKS) in this country

http://www.abc15.com/dpp/news/region_phoenix_metro/central_phoenix/medical-marijuana-users-may-have-to-give-up-their-guns

[W.C. Varones]

Ha! So perfect I thought it was a parody!

[andreas]

http://www.youtube.com/watch?v=2Dj9v9s9buk

[DailyBail]

Great clip Andreas...we've posted it before.

[Stuart]

Does anyone actually listen to the clip? The commentator referenced Todd Hersh as making that statement.

[Paul]

OMFG! This is ridiculous.

Who was this the news meant for?

Investors know better
Middle Class have no money
The Poor are just poor

?

non investors who don't give a shit?

So, basically it was to prop themselves up. total 100% propaganda.

[Michelle the Ape]

She's hawt!

Just like I like them pretty, dumb and blond (the dark hair dye threw me off for a second until she opened her pie hole).

[Josie]

F'n hilarious. But, she did hesitate when trying to remember the script, believing her instinct that what she was saying was moronic...

What's even scarier is that this airhead is more "informed" than 99% of the US population. I would guess that 80%+ of our population does not know what the Federal Reserve is or does, or that gold is a shiny metal, which can be found in the periodic table of elements...

[TR]

I'm safe. Bought GOLD today backed by the EURO!!! What's wrong with me?

[Texas Dar]

If she was "Topless" it would be worth going back and hitting play a few more times..............I realy think a Heath Bar, God I Love Them............would get her in the back seat of my 58 Chevy, rag top, night after night.........

Maby just a stick of Dobble Mint Gum...........Hope she has a "Gurl Friend", just like her..................Real girls will throw this Bimbo, under the bus..........

[fxifoo43]

She's right, except for the 2000 some years of stability gold is backed by nothing at all. Unlike the dollar which is backed by the stability of the american economy

[Bon]

Hang on everybody.


This reporteress is delivering her lines without an actual understanding of the context of the subject in her report. Given that gold traded currently is not the actual physical gold but a promissory paper denoting the ownership of the potential and probable gold as yet to be found by some company or other, than what she says, would makes sense.


However, her emphasis on the "Dollar" and the government backing it, brings out the the totally bogus, and gives the impression she is busy selling snake oil.


Fact is in the current climate of the corruption, and fraud royale; the only gold, and silver that matter are those stock held under lock and key in your own house.

This is the time for Everyman for himself, trust no one, and believe no one, the bastards are out to rob you blind from your sweat and toil, leaving you nothing other than hunger, and destruction.

[Krannie]

You can take a gold coin absolutely anywhere on Earth and exchange it for local currencies or goods, absolutely no problem.

In fact this works so well (because it's been done for millennia) that the British army sews 8 gold sovereigns into the belts of special services personnel working behind enemy lines.

[Marcia Mieritz]

It is funny to me to see the protesters of the Wall Street moguls looking like a bunch of hippies from the 60's. I saw on the news that the protesters were trashing the place, hadn't bathed in days, and the smell of BO and urine surrounded the whole bunch of them. You could never say that about the Tea Party activists who actually KNOW what their positions are, ie reducing the size of big government, returning to Constitutional precepts, and stop the spending of our taxes on CRAP!

[DailyBail]

Marcia...if you are against the stealth bailouts of Wall Street, than you are on the same side as the protesters you mock.