SEPTEMBER 17, 2010
In a flagrant effort to scare gold investors and punish advertisers of highly-rated conservative television news shows, the House committee that oversees commerce and consumer affairs will hold hearings to “regulate gold-selling companies” and their “relentless advertising.”
The New York Democrat (Anthony Weiner) who’s leading the effort to halt gold investments and penalize cable outlets that advertise sales of the precious metal considers this a dire situation that merits a thorough investigation. So, he has brought the matter to the House Committee on Energy and Commerce that’s chaired by none other than Henry Waxman, the California Democrat who obstructed justice to cover up Bill Clinton’s financial scandals.
Next week the committee will hold a crucial hearing to discuss legislation that will regulate gold dealers, whose “relentless advertising is now a staple of cable television,” according to Weiner’s lengthy press release announcing the September 23 spectacle. “The sole purpose of the proposed legislation is to protect consumers from being ripped off,” Weiner assures.
His touching plan to protect consumers also happens to target popular television talk show hosts who are well known for their conservative views. Weiner even names the broadcasters in his lengthy press release, referring to them as “conservative pundits” that act as “shills” for gold dealers. One of them, Glenn Beck of the Fox cable television network, evidently has a bull’s eye on his head.
The congressman asserts that Beck, formerly of CNN, drums up public fears during financially uncertain times and helps a shady company sell “overpriced gold coins.” How exactly does Beck do this? By supposedly dedicating “entire segments” of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president, according to Weiner.
Of interesting note is that just this week the former chairman of the Federal Reserve Board, Alan Greenspan, warned the Council on Foreign Relations that “fiat money has no place to go but gold…Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central bankers should pay attention to it.”
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