Beck: Scam Sponsor Can Fix Ukraine

Glenn Beck is nothing if not a good shill for scam companies like Goldline, one of his longtime sponsors. Discussing the situation in the Ukraine, which is devolving into chaos, Beck told his followers that they are the key to keeping that from happening here.

Uh, what? Remember, Goldline has been fined and hit with a multi-million dollar judgment for lying to customers in its ads. It sponsors Beck because its primary sales pitch is unfounded fear — the government is going to seize your gold and the nation is going to collapse and only gold can save you! Beck’s audience is primed for such a pitch by his paranoid ravings.

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  • Brain Hertz

    And I’m sure he’s going to point out that, contrary to his (and a bunch of other idiots) constantly telling people what a safe investment gold is, it actually peaked around 2012, flatlined for a while and has since lost, what, 40% of its value?

  • http://polrant@blogspot.com democommie

    My guess would be that Glennie Bek’s total gold holdings are whatever’s in his mouth.

    I know how Glennie could help out Ukraine. He could borry a helicopter (any color but black) and do a HANO* jump from about 14K feet. It would make a splatacular video and give us and the poor, beleaguered Ukes something to laugh about.

    * High Altitude, No Opening

  • cry4turtles

    Plus you can’t eat it. On the other hand, those little gold-colored kernels…

  • Donnie

    Actually, I love Beck (in an ironical sense). When the recision started, I bought EFT gold shares, and then watched Beck stroke the fears spiking the value of gold. In 2011, expecting gold to hit the end of the bubble, I sold and bought shares in an EFT that shorted Gold.

    Is it unethical to make money indirectly off of Beck’s suckers? Indirectly, as in I would never scam someone, but reading the scam for what it is and investing accordingly. I actually fear that there may have been retirees who put their money in Goldline based on the fear stroked by Beck, and I detest Beck, and all the right wing hacks, who exploit their listeners.

  • http://en.uncyclopedia.co/wiki/User:Modusoperandi Modusoperandi

    Brain Hertz “And I’m sure he’s going to point out that, contrary to his (and a bunch of other idiots) constantly telling people what a safe investment gold is, it actually peaked around 2012, flatlined for a while and has since lost, what, 40% of its value?”

    But at the price like it’s at now, you’d be a fool to not buy more gold coins that aren’t worth much!

  • matty1

    I’m confused, how is buying gold coins meant to prevent large scale protests and political conflict?

  • jnorris

    If you honestly thought the world economy was going to completely collapse, then having some gold coins would be good. Better still, selling kits to determine the purity of those gold coins to merchants and barterers.

  • gopiballava

    I’m unconvinced about gold as a way to handle total economic collapse. I have gold. You have food. Why would I give you a couple hundred meals for an ounce of gold? There will be lots of hungry people with gold, and very few people using it industrially or making jewelry.

  • matty1

    I agree with 8 if you have a total collapse of civilization what you want is weapons in the short term, fertile land in the long term. Not soft shiny stuff

  • Phillip Hallam-Baker

    The way the gold coin scam works the price of gold has to double for ‘investors’ to break even. So the slip in price means that they are down to 30% of their initial stake.

    Gold has these big spikes every 30 years or so and then collapses. Which is why all those price of gold graphs start back in the 80s. They Have to cut out the price crash just a few years before the graph starts.

    Recent moves in the gold price were largely driven by Ghadaffi and Assad and co first having to buy gold to pay off mercenaries and then the mercenaries selling it off putting it back into circulation. The actual quantity wasn’t very great compared to the total amount of gold in circulation but unlike the usual gold purchaser mercenaries don’t buy and hold. So when that gold started to come onto the market supply suddenly outpaced demand.

    A rapid retreat in the price of a bubble commodity is usually enough to end the run.

  • Phillip IV

    matty1 @ #6:

    I’m confused, how is buying gold coins meant to prevent large scale protests and political conflict?

    Beck’s viewers are hard-core conservatives, so the only economic problem that exists for them is inflation. Without having any idea of the actual background, their knowledge of the simple rules of supply-side economics allows them to conclude that the crisis in Ukraine could only have happened because Yakunovych failed to reduce the deficit, slash social programs and lower taxes, and because the populous failed to put all of their cash reserves into gold. There is no other possible reason for widespread public discontent.

  • StevoR : Free West Papua, free Tibet, let the Chagossians return!

    I think the people of Ukraine have fixed themselves – and I don’t think they want any help from Beck who they’ve likely /hopefully never even heard of.

  • http://polrant@blogspot.com democommie

    @8&9:

    Why do you need gold?

    KKKrownz, sillies, KKKROWNZ! In Neo-feudal MurKKKa, KKKrownz will be the new black.

    Me, I’m going over to the Rochester, NY area and take over the salt mines there. What was good enough for the Romans is good enough for me.

  • martinc

    Donnie @ 4:

    Is it unethical to make money indirectly off of Beck’s suckers?

    Actually there is a genuine technical indicator based entirely on the idea that if you do the opposite of the idiots, you’ll do well:

  • matty1

    Me, I’m going over to the Rochester, NY area and take over the salt mines there. What was good enough for the Romans is good enough for me.

    Of course who could forget the Roman mines in NY?

  • Dave, ex-Kwisatz Haderach

    Ha! You suckers can hoard all the gold you want. I know better. I have it on first-hand accounts that the post-apocalyptic economy will be based on bottle caps. I have already begun stock-piling accordingly. I will be rich, I tell ya, RICH!

  • freehand

    Well, I’m trying to learn how to grow coffee in the Pacific northwest. I assume that it will involve a greenhouse and lots of time (coffee grows on small trees). People will pay me in stocks, gold, and beanie babies! Bwahaha!

    .

    Or at least, I can get a daily coffee fix after the collapse of civilization.