Tag Archives: inflation

Beware Glenn Beck Sponsored GoldLine And Other "Safety-Gold" Companies

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Along with the troubled economy over the last few years have been warnings about the possible collapse of the Dollar and other currency around the world.  What is someone to do?  Well many recommend buying gold or other precious metals for their historical safety and value.  While diversity in any investment (including gold) is a good idea, many people just don't know enough about the gold market to be smart about it.

Gold sellers and buyers have taken great advantage of this.  Cash4Gold is one of the buyer's that continuously rips off people trying to get some money back from gold, but the big ads these days are the sellers.  "Buy gold coins!", "The Dollar is about to fail!", "Protect yourself from inflation!" and more scare-messages are blurted from the TV to encourage people to buy gold to protect themselves, without actually educating them about what they're doing.  One of the big personalities selling GoldLine is Glenn Beck, who also pushes the fear to new levels on Fox News, thus multiplying his fear-selling ads.

This is how these gold sellers work:

GoldlineGlennBeck Beware Glenn Beck Sponsored GoldLine And Other Safety Gold Companies

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Teens Take Pictures of Space With A Balloon

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The group designed and launched a balloon kitted out with a Nikon Coolpix and custom built electronics, intending to get some shots at 30,000 feet. Well exceeding their expectations, the $80 digicam (held aloft by a $60 latex balloon) reached over 100,000 feet, at which point it lost inflation and fell to the earth.
Found on Engadget

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2008 U.S. Bailout Compared To Other Large U.S. Programs

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08bailoutgraph 2008 U.S. Bailout Compared To Other Large U.S. Programs Whether or not you think the Economic Bailout that the U.S. Government is implementing is worth it or not, this image should make you stop and think.  This problem is ENORMOUS and expensive, and most people have no idea just how much the recovery is going to take.  We've had massive government debt before, but this is taking us to a whole new level.
Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est) Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion TOTAL: $3,920,000,000,000 2008 BAILOUT TOTAL AS OF NOV 2008: $4,616,000,000,000
SOURCE

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Late Night Commentary

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Late night commentary from this week:
Jon Stewart: We just heard that Iraq has announced an 80-billion dollar surplus.  How are they gonna spend this money? John Oliver: Well John, like everything in Iraq now, it is up for reasoned discussion. Some have suggested a few infrastructure improvements and then socking the rest away.  Others would like to construct a giant bed, cover it with all the money, and then let everyone in the country just roll around on it Scrooge McDuck-style. Others still would like to hire a mercenary army like Blackwater to drive out the infidel American force. ---The Daily Show - "President Bush is on a week-long tour of Asia. He’ll visit South Korea, Thailand, and China. Or as the White House calls it: the Everything Sold At Wal-Mart tour." ---Jay Leno - "Now, to highlight what a charade proper air pressure is, the McCain campaign has started handing out Barack Obama 'Energy Plan' tire gauges. You see, it's a great way to drive home what a ridiculous plan this is. Plus, it's an easy way to check your tire pressure, and that can save you a lot of money. That's not just me talking. The government's own website says that proper tire inflation can save up to 12 cents a gallon immediately. So thank you for the tire gauge, Senator McCain. And good work. You stuck it to all the left-wing nutjobs who advocate proper tire inflation. Radical liberals like your potential vice presidential nominee, Florida Governor Charlie Crist, Arnold Schwarzenegger, Joe Lieberman, Triple A and the pinkos over at NASCAR. I've had my eyes on those guys ever since they had that car sponsored by the ACLU." ---Stephen Colbert - "Security is very tight for the Olympics in China, which has been very hard on the locals there. Many stores and factories in Beijing have been forced to close, and people have been forced out of their houses. Sort of like here in the United States, only for them it ends in a couple of weeks." ---Jimmy Kimmel - "There's excitement in the air over the Olympics...also lead, arsenic, benzene..." ---David Letterman - "The skies over Beijing are very smoggy. The government says the pollution is just a harmless mist. They made a similar statement about the treatment of prisoners---it’s not torture, it’s Pilates." ---Craig Ferguson

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