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Yet another controversy appears to be brewing around Fox News host Glenn Beck. Some are accusing him of a blatant conflict of interest concerning his frequent on-air promotion of an investment sold by one of his main advertisers: Gold.
Quote:
Glenn Beck also regularly talks up gold on his nationally syndicated radio show, where he often endorses Goldline during live commercial segments. Additionally, Beck has had the company's CEO on as a guest. Advertisements for Goldline are also featured prominently on Beck's own website, where he recently promoted gold in an audio clip warning of an apocalyptic future:
When the system eventually collapses, and the government comes with guns and confiscates, you know, everything in your home and all your possessions, and then you fight off the raving mad cannibalistic crowds that Ted Turner talked about, don't come crying to me. I told you: get gold.
Shows that advocate their sponsors within the show! WHOA, I have never seen this before! This is big, big enough to put a "-gate" on the end too because its not like this doesn't happen every day in the rest of the TV business! Wow, you really are on to something!
Oh lookey, someone can read the front page of yahoo. GB invests in gold and he advises his viewers to invest in gold; since GB has been pitching gold, the price of it has skyrocketed. So the controversy is that GB is making too much money for his viewers/listeners? Get a life people. Sheesh!
But, but, but LordBalfor and CNBC told me that gold was a stupid idea and I'm going to lose my shirt. If what he's saying is true, liberals should be happy!
Or, maybe it's because people have been making a killing in the gold market, even with the latest drop, it ticks the losers off?
Wait, I see it, people will be mad that they were taken advantage of because they refused to see the problems.
Sounds like most problems today, people refuse to see.
Actually, I'll wager liberals will be very angry at gold mining companies for reigning in all those profits, much like they hate oil companies now. Make up a few cases about strip mining and "slave labor", and you have yourself a nice populist movement going. FDR wasted no time and signed an executive order to ban hoarding of it. Not that it can be enforced, but it's certainly a good way to make the people feel like government's got their back.
Gold crashing? Based on all of the new money creation, not unless we have a severe depression. If that happens, ain't nothing gonna be worth anything other than cash, gold and guns anyway.
I invested in gold before I started watching Beck. See? I do my own research, and my own thinking and, yes, it's been goooood.
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