By Mr. Curmudgeon
Popular radio and Fox News talk show host Glenn Beck is upsetting his critics again. His association with advertiser Goldline has media lefties crying “conflict of interest!” According to the leftist MediaMatters.org, “On the November 23 edition of his Fox News show, Beck told his audience that in the event of a possible U.S. economic ‘collapse,’ they should practice ‘the 3 G system’ of ‘God, Gold, and Guns.’” That doesn’t strike me as all that unreasonable in light of Obama’s agenda to hobble the U.S. economy while destroying the value of the dollar. If more of us had listened to Beck, we’d be sitting pretty right about now.
Just six days after congress passed Obama’s so-called stimulus package, gold closed above $1,000 an ounce. Though it has retraced from its recent high, gold stands at around $1,130 an ounce.
MediaMatters further states, “…Beck essentially scares his audience into believing that hyperinflation and economic collapse is a near sure thing and then advises them to buy gold to protect themselves. All along Beck never mentions that a gold-buying company happens to be one of his few remaining sponsors.” Regardless of who is sponsoring Beck, can any reasonable individual conscious of his surrounding fail to see the financial ruin in our future do to government excess? The Reserve Bank of India recently purchased 200 tons of gold from the International Monetary Fund. According to the Reuters News Service, “Some economists say the move could be aimed at diversifying its reserves holdings which focuses on the U.S. dollar.” Duh. Obama’s policy to destroy the U.S. Greenback is why nations searching for a brighter future are increasing their gold holdings while planning how to decouple their economies from the world’s dying reserve currency – the dollar.
Over at the Manchester Guardian, the hysterical Graciela Chichilnisky is frightened by, what to her, is a more palpable danger – global warming and the disaster-movie effects sure to follow in its wake. “The stakes are high because we procrastinated too long. Hundreds of millions of people in the Small Island States – 43 of them - could drown or be displaced – at enormous cost to the political stability of the planet. President Naheen of the Maldives is already purchasing land in India. 50 million climate refugees are expected in 2010, and 200 million by 2012...”
Given a choice, which disaster scenario do you think is more likely: that millions will fall victim to rising sea levels due to Al Gore’s invisible friend global warming, or that Obama’s ravaging of the U.S. economy will sink the dollar, lifting the tide for higher gold prices? The government of India buys gold to prepare for the latter while selling useless land to gullible Maldives islanders who fear the former. Someone in India is obviously listening to Glenn Beck.
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