The most moronic TV news journalist ever? Gold is "backed by nothing" while dollars are backed by government!

Friday, September 30, 2011 by Mike Adams, the Health Ranger Editor of NaturalNews.com (See all articles...) Tags: gold, journalism, morons

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(NaturalNews) When it comes to money and gold, some mainstream journalists have such low IQs that it's a wonder they can string words together at all. Here's the latest example of truly idiotic journalism in a precious video that's now being called the most moronic piece of mainstream TV journalism ever aired. It comes to us courtesy of CTV in Canada, which is actually Canada's top-rated news network in terms of total viewers:

Watch the clip here:
http://naturalnews.tv/v.asp?v=94051052ECB937...

Or on YouTube at:
http://www.youtube.com/watch?v=aWyrjwXoIqA
(Update: YouTube has already pulled the video!)

In this video, you'll see bimbo reporter Bridget Brown explain, in her own struggling words, why the U.S. dollar is a far safer financial instrument than gold. As she confidently articulates to whatever hapless Canadian viewers are dumb enough to watch the mainstream news channel this aired on, gold is "backed by nothing!"

Lest you think that comment deserves some sort of award in its own right, the genius actually continues. The dollar, she says, is backed by what she calls the "American government." Should we remind her that the Americas includes Central America and South America, too, and that the phrase "American government" could mean the government of Peru, or Panama or even Mexico? Naw, that might confuse her even more...

Her brilliance continues when she says "...so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve. That's gonna be around a year from now."

Oh wow. You mean the same Federal Reserve that has devalued the dollar by more than 95% since its inception in 1913? See the chart at: http://www.aier.org/images/stories/charts_la...

Or see another fascinating chart here: http://www.whatamimissinghere.com/archives/2...

And seriously, does Bridget think gold might vanish in the next year or something? Saying that the dollar is "gonna be around a year from now" implies that gold might not be. Is this some sort of Jedi mind trick she's pulling, because I don't get it...

Because I hate to break it to Bridget, but gold has been around for a few billion years on our planet, while the Federal Reserve is but a temporary blip of monetary insanity that will soon cease to exist at all. The dollar, too, will soon be little more than a short-lived piece of historical curiosity, while gold will still be here long after the planet's modern civilizations have collapsed into ruin.

Her conclusion in all this is that -- swallow before you read this -- dollars are therefore far safer than gold because they're backed by government!

This is one dizzy reporter who apparently spent her college years partying at the sorority rather than attending economics 101. By this same logic, you could argue that social security is more reliable than gold because it, too, is backed by "American government." Or heck, even Medicare is more reliable than gold!

Well gee, who needs precious metals at all if we can just take the government's word on everything? Next, this reporter will probably tell us that governments never lie, never collapse and never go bankrupt, either. I can't wait for part two in this amazing saga of journalistic fiction. Perhaps Bridget should write children's fantasy books instead of attempting to report the news, eh?

We are living out Idiocracy

In witnessing all this, I can't help but remember my favorite satire movie Idiocracy, in which society has devolved into a clumsy cabal of low-IQ degenerates who believe everything they see on TV. (https://www.naturalnews.com/021558_Idiocracy_...)

But what really makes this latest example so relevant to our modern times is that mainstream journalists are almost universally complete morons when it comes to economics, gold, the Federal Reserve and fiat currencies. I've watched mainstream media journalists argue against gold for at least the last decade, during which the value of gold compared to dollars has skyrocketed beyond what any of them thought possible.

And yet, somehow, gold is just never good enough for these teleprompter-reading dizzy-headed reporters who probably couldn't even tell you what year the Federal Reserve was even created (or why). Heck, they probably think the Federal Reserve is a branch of the federal government. And Federal Express, too, for that matter.

These reporters need to watch my video called Freetopia, which exposes the economic fallacies that ultimately lead free nations into economic collapse:
http://naturalnews.tv/v.asp?v=16899B46FEB0BB...

That's actually a bit of fiction that says more about modern-day reality than all the mainstream media economic news reports put together.

The full faith and credit of paper!

But getting back to the bimbo's report on gold, I am curious to know what she thinks gold should be backed with if it's not "backed by anything" at the moment, as she explains. Ivory? Silver? The words of politicians? I wonder what she thinks has more intrinsic value, ounce for ounce, than gold?

Paper?

It makes me shudder to think that this passes for news delivery these days. I especially love the fact that the main news desk host didn't even bother to correct her when she began spouting total economic nonsense on live television. Huh? What? Back to you, Brenda!

It all reminds me of that satisfying quote from Mark Twain who said "It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."

That quote applies to most of mainstream journalism today, which is widely infected by the "stupid" virus when it comes to economics, the rule of law and liberty in general. Is it any wonder the mainstream media is losing viewers in record numbers as people turn to alternative media for intelligent analysis of the world around them?

Along those lines, check out our newest site www.AlternativeNews.com which aggregates important alternative news headlines from across the 'web, including intelligent news about gold and the coming collapse of fiat currencies like the U.S. dollar.