Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing" by Mish

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Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing"

by Mish - Global Economic Analysis

Published : September 04th, 2012

165 words - Reading time : less than a minute

( 4 votes, 5/5 )


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Keywords : Federal Reserve | Gold | Lead |

Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing, but US Dollar Backed by Federal Reserve"

Congratulations to Canadian journalist Bridget Brown, a CTV news field reporter for being the most economically illiterate TV journalist in history. Brown proposes gold is not backed by anything but the US Dollar is backed by the Federal Reserve which will be around a year from now.

This story is actually about a year old, appearing as early as September 30, 2011 on Natural News with a story headline of The most moronic TV news journalist ever?

I offer this story and the following video for entertainment on this Labor Day weekend.

Should that video be pulled, you may wish to click on Natural News which is keeping the video alive even with legal threats from CTV. You will need to flash forward to the 13:45 mark to skip past a lengthy Natural News lead-in as to why their posting of the video constitutes fair rights.

Thanks to Mish from globaleconomicanalysis.blogspot.be

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Mish

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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