Have you guys seen food and gas prices lately? U.S. $ will soon be worthless if the Fed keeps printing money! http://spn.tw/t1exbE #ad
Perhaps the Mises Institute should think about sponsoring an ad.
Source link: http://archive.mises.org/17477/lindsey-lohan-channels-her-inner-austrian-economist/
Lindsay Lohan Channels Her Inner Austrian Economist.
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Better the mises institute than the fraudsters at the NIA.
Feel free to back up that claim.
From The Peter Schiff Report
http://www.youtube.com/watch?v=XYOclEsKHtc
Type “national inflation association scam” into google
http://www.google.com/#sclient=psy&hl=en&source=hp&q=national+inflation+association+scam&aq=f&aqi=g1&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=d52dee792cf168b3&biw=1182&bih=751
The guy that runs it Johnathan Lebed, a guy that was involved in some pump and dump incidents on penny stocks during the dot com bubble. Apparently, he’s using the same strategy again, but is using gold and silver as the target instead of stocks.
http://en.wikipedia.org/wiki/Jonathan_Lebed
Yes, I have seen some of the claims about the NIA by Peter Schiff and the inconclusive reports by Robert Wenzel at Economic Policy Journal. Overall, their message and many of their videos are quite compelling.
Justin Ptak,
I mean no disrespect, but why is it so hard to imagine that the NIA or somebody like them, might not have people’s best interests in mind?
Assuming that the NIA aren’t a pay for pump and dump operation, why wouldn’t something like that pop up based on the state of the economy? If things go down the tubes in a debt crisis or currency collapse, surely there would be a few charlatans out there wanting to make use of it.
Save for the occasional post on private legal systems, Mises.org (rightly) focuses a lot of time on big time government thieves, and tends to neglect that there’s many small time private ones. Just because somebody uses the language of Austrianism, demonizing the Fed and hailing a commodity standard, doesn’t automatically mean they’re the good guys.
Interesting how you completely neglect to address the claims of blatant fraud and simply elect to point to their “message” being compelling. Well I would hope so. That’s kind of the point. It’s called “fearmongering”. That’s the basis of their whole business model.
^Great Link.
The whole “well they are compelling” argument I hear people saying is ridiculous.
I don’t think short selling like Jonathan Lebed is wrong, but on the other hand I can’t bring myself to trust the guy, even though I do agree with the videos the NIA has put out and some of their arguments. I just wouldn’t buy into their picks unless they were also offered somewhere with a better reputation.
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