The Glenn Beck/Goldline Scam (large graphic)

mookiemookie · 07-31-10, 07:15 AM

Fraud is fraud, no matter how you want to explain it away. It should be pointed out.

NeonSamurai · 07-31-10, 07:55 AM

I've never been a fan of Beck myself, nor any other so called reporter that uses the emotional pathway to convey a message rather than the logical/rational route. This is the route con men use as it can bypass thought and reason. It is also surprisingly (to me anyways) effective, and often bypasses rational thought.

God I miss the days of objective (ie non subjective) news presentation. The days before all these scumsucking 'news reporters' came along daring to tell me how I should think about an event, and spinning the living heck out of it (not to mention following the rating's events for days to weeks with 'exclusive' coverage).

UnderseaLcpl · 07-31-10, 08:07 AM

Quote:

Originally Posted by mookiemookie

Fraud is fraud, no matter how you want to explain it away. It should be pointed out.

Whoa, whoa, whoa, wait a second. We need to get on the same page, here. I never said fraud was ok, I simply said that fraud amongst idiots was preferable to theft and coercion. I totally agree that it should be pointed out. Fraud is anathema to a libertarian.

My point was that voluntary acceptance of fraud by idiots beats the hell out of enforced fraud.

SteamWake · 07-31-10, 08:47 AM

If its blatent fraud then prosecute him.

If its not sit around and discuss it on an interwebs forum and try to make it seem so.

Sailor Steve · 07-31-10, 09:22 AM

Quote:

Originally Posted by mookiemookie

Fraud is fraud, no matter how you want to explain it away. It should be pointed out.

But did you point it out because it's fraud, or because it's fraud perpetrated by someone you don't like? That's the difference between honesty and politics.

mookiemookie · 07-31-10, 09:50 AM

Quote:

Originally Posted by Sailor Steve

But did you point it out because it's fraud, or because it's fraud perpetrated by someone you don't like? That's the difference between honesty and politics.

Probably a bit of both.

He's held up to be infallible by a large segment of people. Given that, I think it's pretty shady to take advantage of people that believe that about you. He's using his position to enrich himself unfairly. Why does that not deserve to be called out?

Would I have the same low opinion if, say, Rachel Maddow did something like this? Absolutely. Would I make the same comments? Absolutely.

Sailor Steve · 07-31-10, 10:02 AM

Good to hear. I don't mind seeing someone called out for this type of thing. I only object to the number of people around here who only see their side of the question.

"I'm right and you're stupid!"

August · 07-31-10, 10:12 AM

I've yet to meet anyone who considers Glenn Beck to be "infallible". Not even close. Most conservatives I talk to see Beck as overly dramatic and slightly crazy.

mookiemookie · 07-31-10, 10:23 AM

Quote:

Originally Posted by Sailor Steve

Good to hear. I don't mind seeing someone called out for this type of thing. I only object to the number of people around here who only see their side of the question.

"I'm right and you're stupid!"

Hah! Well this also has to do with economics. Since economics is my job, I take a special interest in it. When someone screams about "omg hyperinflation! buy gold now!" I just have to shake my head - deflation is the problem they're trying to stave off now.

Quote:

Originally Posted by August

I've yet to meet anyone who considers Glenn Beck to be "infallible". Not even close. Most conservatives I talk to see Beck as overly dramatic and slightly crazy.

You haven't met my parents then.

SteamWake · 07-31-10, 11:04 AM

Quote:

Originally Posted by mookiemookie

You haven't met my parents then.

OMG your parents are conservataves? That actually explains alot

mookiemookie · 07-31-10, 11:10 AM

Quote:

Originally Posted by SteamWake

OMG your parents are conservataves? That actually explains alot

Thanks to my mom, my inbox probably has more "Obama is a secret Muslim" emails than yours does.

UnderseaLcpl · 07-31-10, 06:59 PM

Quote:

Originally Posted by mookiemookie

Hah! Well this also has to do with economics. Since economics is my job, I take a special interest in it. When someone screams about "omg hyperinflation! buy gold now!" I just have to shake my head - deflation is the problem they're trying to stave off now.

Is it? I'm not so sure. Shortage of liquid assets is the problem they're trying to stave off now. I think you're equating deflation with remedies for insolubility, which is incorrect. Money is only worth what the goods, investments, and services associated with it are worth. What Washington is doing now is trying to pump money into the system with nothing to back it up in the hopes that the additional supply of currency will galvanize the market, which is pure Keynesian stupidity. Even worse, there are number of state programs recieving that new currency, and as we all know, the state never turns a profit on anything, ever. If deflation was the problem there would be GDP growth accompanied by a reduction in currency supply, which hasn't happened in quite some time. Rate of inflation has been fluctuating between .25% and 5% over the past few years, while real GDP and GDP growth have shrunk.

For the time being, the comparitive weakness of foreign markets (which we ruined through sheer economic pervasiveness) has held the US and the dollar aloft, but sooner or later it will be time to pay the piper. That currency is going to have to be reconciled with some kind of economic product sooner or later, and when that time comes, there will be nothing to exchange. Thus, the currency will lose value.

mookiemookie · 07-31-10, 07:14 PM

Quote:

Originally Posted by UnderseaLcpl

For the time being, the comparitive weakness of foreign markets (which we ruined through sheer economic pervasiveness) has held the US and the dollar aloft, but sooner or later it will be time to pay the piper. That currency is going to have to be reconciled with some kind of economic product sooner or later, and when that time comes, there will be nothing to exchange. Thus, the currency will lose value.

With U-6 unemployment around 15 to 18% and the average hours worked in the basement, the resulting lack of wage inflation pressure means deflation, not inflation.

Simply put, If no one has money to spend we cannot have CPI inflation.

Aramike · 07-31-10, 09:18 PM

Quote:

Originally Posted by mookiemookie

Fraud is fraud, no matter how you want to explain it away. It should be pointed out.

Selling a valuable at a mark up is not fraud - its business.

mookiemookie · 07-31-10, 09:35 PM

Quote:

Originally Posted by Aramike

Selling a valuable at a mark up is not fraud - its business.

From the graphic:

"It's not illegal to overcharge customers...The problem is that Goldline is taking would-be gold investors and turning them into coin collectors without their knowledge."

That's misrepresentation and fraud.

07-31-10, 07:15 AM	#1
mookiemookie Navy Seal Join Date: Nov 2005 Location: Houston, TX Posts: 9,404 Downloads: 105 Uploads: 1	Fraud is fraud, no matter how you want to explain it away. It should be pointed out. __________________ They don’t think it be like it is, but it do. Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.

07-31-10, 07:55 AM	#2
NeonSamurai Ocean Warrior Join Date: Jan 2002 Location: Socialist Republic of Kanadia Posts: 3,044 Downloads: 25 Uploads: 0	I've never been a fan of Beck myself, nor any other so called reporter that uses the emotional pathway to convey a message rather than the logical/rational route. This is the route con men use as it can bypass thought and reason. It is also surprisingly (to me anyways) effective, and often bypasses rational thought. God I miss the days of objective (ie non subjective) news presentation. The days before all these scumsucking 'news reporters' came along daring to tell me how I should think about an event, and spinning the living heck out of it (not to mention following the rating's events for days to weeks with 'exclusive' coverage). __________________ SH3 Newbie Guide Links and other helpfull stuff

07-31-10, 08:47 AM	#4
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	If its blatent fraud then prosecute him. If its not sit around and discuss it on an interwebs forum and try to make it seem so. __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

07-31-10, 10:02 AM	#7
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	Good to hear. I don't mind seeing someone called out for this type of thing. I only object to the number of people around here who only see their side of the question. "I'm right and you're stupid!" __________________ “Never do anything you can't take back.” —Rocky Russo

07-31-10, 10:12 AM	#8
August Wayfaring Stranger Join Date: Apr 2005 Location: Massachusetts Posts: 23,226 Downloads: 0 Uploads: 0	I've yet to meet anyone who considers Glenn Beck to be "infallible". Not even close. Most conservatives I talk to see Beck as overly dramatic and slightly crazy. __________________ Flanked by life and the funeral pyre. Putting on a show for you to see.