1 Jan, 2018 → by ClaimboUser476063
Stupidity?
*SOLVED

4

Is Adam Bold really as stupid as the things he says? I don't know. I can't believe anybody could be as dumb as the things I hear coming out of his mouth. So I give him the benefit of the doubt and assume he says the things he says to keep his clients buying his services. Anyway, some guys calls in to his show and basically brings up the issue that commodities and precious metals have dramatically risen in price because of the devaluation of the US dollar via the government printing press. Yea, the caller is completely right! The caller points out, that stock prices have also been propped up by this same methodology...right again! Then Mr. Bold goes into an angry tirade, tries to make this guy out to be some kind of lunatic conspiracy theorist and never lets him make any further comments. Bold then proceeds to say that stocks only go up because companies are "increasing their earnings". Where has this guy been the last 3 years?! Has he not heard of Quantitative Easing 1&2? Does have even the slightest grasp of monetary policy? Does he not understand that the government went hog wild to prevent DEFLATION (see your house value) by printing trillions of dollars and devaluing the dollar, meaning that it forces everyone to unload their dollars and buy something, anything with them. Buy Gold, corn, oil, stocks, cars, houses. Anything but hold onto your dollars. DUH. This is ECON 1 and this Bold fellow doesn't understand any of it! Now what is going to happen when QE2 ends? He doesn't want to talk about that.
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