January 11, 2011

THE GOLDBUG STANDARD:

Jared Loughner's goldbug delusion: Is it madness to call for a return to the gold standard? Or just an inability to accept the world as it is? (Andrew Leonard, 1/10/11, Salon)

In fact, in some corners of the Net, people are already running for cover, hoping to avoid collateral damage from Loughner's madness. Take, for instance, a comment that concluded one of his YouTube videos and immediately rocketed around the globe: "No! I won't pay debt with a currency that's not backed by gold and silver! No! I won't trust in God!"

If you were one of the vocal proponents of a return to the gold standard as the solution to all that plagues the modern global economy, you likely winced at the sight of those words. As one gold fan lamented at the website Gold Information Center "unfortunately his babblings about gold, silver and currencies are already being associated by extension to political and economic issues of concern to our community."

But if you believed that "goldbugs" are already crazy as loons, then you merely saw confirmation of your prejudices. Jared Loughner believes in government mind control... shooting politicians, judges, and little girls in cold blood... and the gold standard. That's not the kind of public relations that opponents of fiat currency like to see.

Posted by Orrin Judd at January 11, 2011 6:19 AM
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