36 thoughts on ““Gold backed by nothing.”

  1. Tom-Tom

    The requirements for an “on air” journalist these days seem mainly to be: 1. young 2. female 3. attractive.

  2. foscotanner

    Max,
    In some ways she is one bright cookie who read too much of the script….
    GLD and a lot of Gold accounts are backed by nothing (Including allocated accounts). They are paper promises.
    How much of this consolidation has been about the selling of ‘paper gold’ by TPTB and its replacement in their vaults by ‘Physical’.
    I wouldnt mind betting that there will be loads of Gold that evaporates into thin air as paper backed by nothing before the US Dollar if fully exposed……

  3. Al Kyder

    I had visions of a sniper there. I wondered what it would be like pulling the trigger. If I would feel more than just recoil, if I could be empathetic. NAH!!

  4. maraetai

    Thank you
    That is the funniest bit of propaganda i have ever seen… do you think she had the vaguest idea of what the words on her script meant? Bless her… she fully qualifies as pretty dumb.

  5. Tears of the Moon

    Typical fair for mainstream news. First time I was interviewed on Australia’s Today show as a Bullion Analyst to discusses the then recent move in gold prices the only person on the set that asked me a halfway intelligent question was the weather girl.

  6. alan

    The US dollar is backed by the most powerful Military in the world.
    Fuck the federal reserve.
    Step out of line you may be nuked (for your own good of course)

  7. frances snoot

    Hi!

    Heh.

    I’m a Brownie! Can’t wait to be a real Girl Scout!

    Cookies?

    No, doll-hers. Backed by the United Stakes Gov’nur.

    Who’s he?

    The Gold Man in the White House!

    Pure gold?

    NO! Gold isn’t backed by anything, and it makes US citizens uncomfortable. Like my shoes!

    No backing?

    NO! The US Govern-mint hasn’t any gold: it has the Federal Reserve building. Nice and solid, like.

    Paper?

    Little green papers that mean ‘Merica! Be here for a whole year!

    Won’t gold?

    Won’t gold what?

    Be here a year from now?

    NO! This is about the US Gov’nur-mint. They have a building. I learned that in my social studies class!

    Thank, Bridge.

    Bye!

  8. hans

    The requirements for an “on air” journalist these days seem mainly to be: 1. young 2. female 3. attractive.

    Surely not, have you seen the BBC Breakfast economics presenter? And she has a voice I run to the toilet for!

  9. stephen

    The dollar is backed by bullets and bombs and everyone knows it…Especially Iraq and Libya. Keep the dollar strong or we will kill you. Thats pretty good backing eh?
    And as mentioned, most gold is on paper at this time, so nothing to back it..
    And, as mentioned, gold is gold, it doesnt need to be backed by anything.
    Altho, gold/silver, (especially silver) is backed by technology. No gold/silver, no
    technology, business/innovation comes to a halt.

  10. not_me

    Gold is backed by nothing. If I own 100 oz of gold then I have 100 oz of a commodity whose value will depend on supply and demand. But if I owe $150,000 in intrinsically worthless fiat to the IRS then I will pay it or suffer severe consequences.

  11. Jez

    Talk about journalism, Any 10 year old can pull up a 10 year chart of gold priced in US dollars on kitco. Pretty sure gold will outlive the federal reserve as well.

    I think watching the muppets would have been far more educational. Specially that wacky chef character.

    Was good for the laugh. Thanks for posting.

    JT

  12. chiller

    This talking head with her degree in communications is no more qualified to talk about finances than I am about brain surgery. If you like to communicate back to her and her banker backing buddies, feel free to contact her at: [email protected]

  13. JailBanksters

    she smart pa, an’ purdey. I is gunna marry tha’ gurl pa, an’ we’ll ‘ave real smart kidz.

  14. Robert Mockan

    Bridget Brown missed an opportunity to make her career. All she needed to do was change the script and say instead, “.. gold can not be counterfeited, unlike the US dollar..”. Then just get the buzz words out so sane people know what she is talking about. The “clovers” are “control freaks”. The “insane oligarchs” are psychopaths. Central banking is an institution designed for global domination. Debt slavery is a result of the monetary system.

    If Ms. Brown had said that on a newscast with international exposure, yes, she would have been fired. But now she could also be authoring and selling books about the insane oligarchy, have her own editorial in the alternative media, be on the lecture circuit talking about debt slavery, the monetary “authority”, how central banking was designed from the beginning to be an instrument of social control to enable global domination,
    and so on. Instead of being maligned as the most economically ignorant journalist in the history of the world, she could have been become famous, a voice for reason, and could be sending the message that what people must do now is:

    DESTROY THE INSANE OLIGARCHS!

  15. Will Mossop

    How much does she get paid for that? Talking of stupidity
    The BBC even did an article the other day where they suggested alternative investments since interest rates are so low. Modern art and wine they suggested. Silver, gold?????
    No not backed by anything is it. I’m definitely going to sell my gold and silver and buy modern art and wine. If it makes sense to the BBC it must be the truth. They never lie.
    The BBC have also been running the Robert Peston trailer where he says “How long is the squeeze on your pocket going to laaaast?” so long he has noticably turned grey since he recorded it.

  16. frances snoot

    Half-mast
    ……………..

    Stalemate is not a word!

    Yes, it is. Look it up in the dick-shun-airy.

    Who wants a stale mate? That’s not real. Words are real.

    How so?

    The pen is mightier than the sword. Remember?

    O!?

    Yes! No one would tolerate a stale mate. They’d just find a new one that’s fresh and lively.

    People do tolerate stagnation. It’s called the new business model.

    YOU’RE WRONG.

    Look, they have bored meetings right? They have chair-men. Stale, no?!

    That’s the problem with ‘Merica. A willingness to compromise.

    Compromise?

    Mere barbarians.

    Barbarians compromise?

    They do in ‘Merica! We of the enlightenment follow mere reason. A new college: a fraternity of ENGLISHmen.

    Whatever!

  17. Dean Robinson

    CTV reporter Bridget Brown reports on comments issued by Todd Hirsch of ATB Financial in Calgary, Alberta. 660News All News Radio refers to Hirsch as a “leading Alberta economist.”

    Quoting Hirsch, Brown says “Some investors aren’t confident with what gold is backed by or if it’s backed by anything at all as compared to something like the U.S. dollar. Investors are comfortable that the U.S. dollar is backed by the American government so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve that is going to be around a year from now. That’s a much more comfortable investment for them.”

    Brown simply reports what she has learned from Hirsch and investors. Agreeing or disagreeing with Hirsch or the investors have no bearing on Brown’s intelligence.

    Expect Max and Stacy to flush this one down the Memory Hole in 3 …. 2 …. 1 …

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