In segment bracketed by ads to buy gold, Napolitano hosts Hoenig to hype investment in gold
November 04, 2009 6:48 pm ET
From the November 4 edition of Fox News' Glenn Beck:
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Back in the eighties they were convinced that the economy was going into a depression and they were worried about the government plan to change the currency overnight (this rumor is still around in wingnut circles), making all green paper money useless. The new currency was going to be red.
Somehow they heard that coins would still be accepted as legal tender. So every payday for a month the two of them went to the bank to cash their checks and asked for it all in quarters.
Not the same as investing in gold but, still one of the best wingnut theories I've ever heard.
But seriously, folks, the visual of something made now worth more due to economic circumstances (gold) and something made worthless due to economic disaster (Zimbabwean dollars) bracketing something that never had any worth whatsoever (Hoenig) is classic. But hey, at least Napolitano didn't let him pull out an "and I'll sell you one of these bills for the low, low price of $8.99!" shill.