Everything Is Old Again

7:18 pm EST July 12th, 2009 | News | 14 Comments

Glenn Reynolds hypes a Wall Street Journal article on people hoarding gold. Gold, of course, is a favored investment vehicles for the Ron Paul-style nutters who don’t believe in paper currency or that gold will be the one true valuable material when the ZOG one-world government takes over. Gold has risen in the last few years thanks to the crappy economy, but hyping it as a refuge in case of financial collapse is for the fluoridated water crowd.

So, just right.

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14 Responses to “Everything Is Old Again”

  1. somejackass says:
    July 12, 2009 at 7:50 pm

    It’s smart to have diverse investments, including some gold or other precious metals, in your portfolio. If shit does go to hell, and you have some gold, that’s just a bonus.

  2. News Reference says:
    July 12, 2009 at 8:02 pm

    You know what’s smart?

    Supporting a successful government that maintains a healthy economy where everyone has jobs.

    After false right wing economic fictions flushed both America’s and the global economy it would be helpful if Republican obstructionists stopped watering down crucial government economic support of the economy.

  3. Vikram says:
    July 12, 2009 at 8:02 pm

    Wow. What an ignorant statement. Just because a clown like Reynolds said, doesn’t mean it is wrong. Gold rises in inflationary periods because people, not all crazies, believe in its resiliency.

  4. Amused Observer says:
    July 12, 2009 at 8:34 pm

    LOL,
    Oliver again showcases his propaganda skills at the expene of his financial gravitas.

  5. News Reference says:
    July 12, 2009 at 8:45 pm

    Republican economic fictions have hurt US over a 30 year time span.

    The current Republican Great Recession started in 2007 and lasted throughout the last part of Republican Bush’s Presidency.

    Fixing this right wing economic mess will take time.

  6. durablend says:
    July 12, 2009 at 9:43 pm

    Damn–looks like we forgot to take the trash out again

  7. Oliver Willis says:
    July 12, 2009 at 9:55 pm

    Pedro, I mean, usualsuspect has this multiple-year running obsession that I’m the IT guy at Media Matters — and the guy who does it is a perfectly smart guy who knows a lot more than I do about that complex job, but that happens to not be my job.

  8. Mylegacy says:
    July 12, 2009 at 11:54 pm

    Gold or not – do you Americans seriously think it matters anymore?

    When your nation decided that “Government was the enemy” and “Corporate Greed” was the way to salvation you ended up: throwing the baby out, the dishwater out and the sink with them.

    Revovery? Your jobs are in China, your people are in hock to their gills, your federal and state governments are nearly as bankrupt and homeless as the citizens are and you have 60+ million without health care – soon to be over 100 million if many more jobs are lost or employers can no longer afford paying health care at McDonalds and Wendy’s – the last American bastions of “Free Enterprise.”

    Fortunately, you’ve still got the good luck, and endless jobs created by the endless war in Iraq, the formerly ignored war – now La Guerre Du Jour in Afghanistan, your 11 Nuclear Carrier Battle Groups, Whitewater and Haliburton – I apologize – things are looking rosier than I thought – no doubt.

  9. Oliver Willis says:
    July 12, 2009 at 11:59 pm

    Although that seems like a title upgrade over the last time I checked it.
    I let this one through so you could see the kind of b.s. that the right engages in. Now, I’ve been a web developer and IA type for about a decade now. My title has been web producer since I joined Media Matters, but in the hands of this guy it becomes something sinister and something he has to denigrate (and even that is off target, in my experience the IT guys are among the smartest in a corporation). Even in one-on-one conversation with a relative nobody like myself, they can’t help but to be freaking liars.

  10. Calvin Jones and the 13th Apostle says:
    July 13, 2009 at 12:46 am

    Where have clowns like Reynolds been? I remember when Warren Buffett was buying up silver and people were freaking out all over the place. It’s funny that Reynolds doesn’t realize why the smart people buy gold. It’s basically because of Republican fiscal mismanagement!!!

  11. Wilbur says:
    July 13, 2009 at 2:29 am

    who takes financial advice from a guy like you making 30K a year plugging in USB cables….

    And what should we say about a guy like you who spends hours a day posting hostile shit on the blog of someone you think is a USB-cable-plugger?

    Oliver again showcases his propaganda skills at the expene of his financial gravitas.

    “Financial gravitas” are funny words coming from a true believer in right wing economics.

  12. jr says:
    July 13, 2009 at 6:17 am

    Sean Hannity had no problem shilling for con man Allen Stanford’s gold company http://www.youtube.com/watch?v=2Q2uLCHMUMY

  13. Bruce Henry says:
    July 13, 2009 at 7:44 am

    “A guy like you making $30K a year…”

    Who are the elitists again?

  14. Pryme says:
    July 13, 2009 at 8:47 am

    What? No pic of El Capitan from “Ducktales?” I’m disappointed.