Good thing I didn’t invest in those magic beans
In their continuing effort to make sure you die penniless, the libs are targeting yet another response to their incompentence: gold.
A press release from Rep. Anthony Weiner, Democrat of New York, not yet (as of this instant) posted on Mr. Weiner’s Web site, announces that a September 23 hearing of the Subcommittee on Commerce, Trade, and Consumer Protection (a subcommittee of Rep. Henry Waxman’s Commerce Committee) will focus on ‘legislation that would regulate gold-selling companies, an industry who’s [sic] relentless advertising is now staple of cable television.’
That’s right. One of the most liberal Reps. in the House, he of the last name that makes fourth-graders giggle, is going to do his very best to make sure no one can calm their fears with gold. Why you ask? According the press release, it’s because he cares…
‘”Goldline employs several conservative pundits to act as shills for its’ [sic] precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative. Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president.’
…or not. I feel like the libs may have jumped the shark with this one. Do we really want our elected officials holding hearings on the sale of stuff because the talking heads advertise the stuff? More importantly, why isn’t the government holding committee hearings on fried beer? I’ve committed an entire post to the culinary concoction yesterday, and I’m (obviously) a ridiculously influential talking head.
All jokes aside though, this is yet another recent example of the far left wingers revealing their dictatorial colors. Rep. Weiner doesn’t even try placing some window-dressing on the desired legislation by arguing that people are being duped or something. Instead, he simply states gold companies may need to be regulated because too many people are buying gold.
Of course, it isn’t really about the gold…it’s about the motive behind its purchase. People are buying gold because they’re worried about inflation. Why are they worried about inflation? Because the geniuses running this country, i.e. Democrats like Rep. Weiner, have run up a deficit that will inevitably be paid for by printing more money, thereby causing inflation.
Look, will owning gold protect investors from inflation? I have no idea. But I know this: calling for an investigation into gold companies simply because people are buying gold as a result of their reasonable concerns about inflation smacks of Stalin. And in case your forgot, Stalin was a jerk.