Weiner Schedules Hearings to Regulate Gold Companies
- Posted on September 16, 2010 at 11:32pm by
Meredith Jessup
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Congressman Anthony Weiner, D-N.Y., announced Thursday that a Sept. 23 hearing has been scheduled in the House Subcommittee on Commerce, Trade and Consumer Protection to discuss “legislation that would regulate gold-selling companies, an industry who’s [sic] relentless advertising is now staple of cable television.”
According to a press release from Rep. Weiner’s office, invitations to the hearing have been sent to representatives of Goldline International (full disclosure: Goldline advertises on this site), the Federal Trade Commission, the Consumers Union and other potential witnesses, “including former Goldline employees.”
Earlier this summer, Rep. Weiner published a report investigating Goldline International’s business practices. According to Weiner, Goldine “uses aggressive sales tactics and conservative spokespeople like Fox News’ Glenn Beck to sell overpriced gold coins.”
Rep. Weiner, who sits on the subcommittee, is proposing legislation that would force companies such as Goldline to “fully disclose their dishonest business practices.” From the Congressman’s press release:
Under Rep. Weiner’s bill, companies like Goldline would be required to disclose the reasonable resale value of items being sold and would no longer be able to hide behind false promises of profitability.
“The frenzied marketplace has become rife with scam artists ready and willing to take advantage of consumers. The sole purpose of this proposed legislation is to protect consumers from being ripped off.”
Among Weiner’s accusations, the congressman claims Goldline “grossly overcharges for their coins”; “falsely claims to offer ‘good’ investments”; “plays off public fears of government takeover” and has “formed an unholy alliance with conservative pundits to drive a false narrative.”
Goldline employs several conservative pundits to act as shills for its’ precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative. Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president. He will often promote the purchase of gold as the only safe investment alternative for consumers who want to safeguard their livelihoods. When the show cuts to commercial break, viewers are treated to an advertisement from Goldline.
“Under this proposed legislation, gold dealers will have a much harder time preying upon the nest eggs of vulnerable consumers,” said Weiner. “It’s shameful that companies like Goldline are able to rip off consumers, use misleading and possibly illegal sales tactics, and deliberately manipulate public fears to sell gold coins at inflated prices.”
At FutureofCapitalism.com, Ira Stoll challenges Weiner’s push for regulation, hinting that it is one way to try and erode conservative radio and television hosts’ popularity:
Are Mr. Weiner and Chairman Bernanke also going to agree to print on every dollar the reasonable expectation that its value will be eroded by inflation?
Gold investors (or speculators) are already punished by the federal government by having their investment, even in a gold exchange-traded-fund, taxed at the higher rates that apply to collectibles rather than long term capital gains. …
“The whole situation is amazing,” Stoll writes. ”If Mr. Weiner really wants to calm fears about hyperinflation, the last way to do it is to have a government hearing cracking down on the people warning of it.”
Beck (full disclosure: he owns this site) has commented on Weiner’s allegations in the past calling them false, and has stood behind Goldline International’s “A+” rating from the Better Business Bureau as a customer himself.
In addition, Goldline‘s Executive Vice President Scott Carter calls Weiner’s claims “inaccurate” and has weighed in on the debate in a letter published on ABCNews.com.
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Comments (168)
eifer
Posted on September 17, 2010 at 1:43amSo in response to gold companies convincing people that a government take over is imminent, Weiner responds with… a government takeover??
Report Post »Moonage Daydreamer
Posted on September 17, 2010 at 1:32amI am thinking Ron Paul is on to somthing by wanting to investigate the Federal Reserve…hit up Fort Knox while you’re at it Pauly!!!!
What a weener weiner is…a weeny man with a weiner mind…
((Freak out in the moonage daydream…))
Report Post »Christi
Posted on September 17, 2010 at 12:19pmWhat a great profile name!
Report Post »AmeriWoman
Posted on September 17, 2010 at 1:21amTo bad he isn’t investigating the Federal Reserve, or CXX or Shore Bank… Rangle or Waters, Bawny FrannksSestaks promises, Frannie & Freddie, why spend taxpayer money on this crap? I hope and pray these guys get lambasted and tossed out soon. What a waste of money, air, space and energy. I hope they all get stripped of their retirements and have to beg welfare til they poof.
aw
Report Post »outwest
Posted on September 17, 2010 at 1:09amIf Goldline was simply ‘invited’ to this hearing maybe they should just tell Weiner….”Bite Me, I’m busy that day”.
Report Post »tketterer
Posted on September 17, 2010 at 12:55amHands off my golden weiner
Report Post »AZfreeman
Posted on September 17, 2010 at 4:09pmPerhaps we could sculpt a “Golden Weiner” in his likeness and offer it for his private idolatrous pleasures. This man needs to retire and contemplate his navel.
We all seem to be of one mind on this. So the question is…. How do these idiots get to a position of power, and what can we do to prevent this in the future? The answer to that question will save our nation. ….rf
Report Post »EqualJustice
Posted on September 17, 2010 at 12:50amDear Little Weiner…
Report Post »Is there nothing left that you liberals in DC do NOT want to regulate? As a consumer, I’m pretty sure I can make GOOD decisions on my own without your help, thanks. Please stop taking over every private enterprise. Free markets will grow our economy, not more federal regulation and control! Do not try to regulate GOLD now. Do not regulate ANYTHING else. Please STOP before you totally bankrupt our once great country!
Yours truly,
Your BOSS
flamedone1968
Posted on September 17, 2010 at 7:29pmAlmost makes a guy want to make some bad decisions while there is still time… but then they use you as an example for justification… sucks!
Report Post »booger71
Posted on September 17, 2010 at 12:49amHey Weener, how about doing something worthwhile like investigating certain members of Congress that have profited from Fannie and Freddie, introduce legislation to get rid of the FED and to put the United States back on the Gold Standard.
Report Post »LasVegas Lady
Posted on September 17, 2010 at 3:59pmMy sentiments exactly! How can he justify such drivel. So many other worthwhile things to investigate that just might do WE THE PEOPLE some good. Sooo out of touch. Amazing.
Report Post »EqualJustice
Posted on September 17, 2010 at 12:45amhttp://weiner.house.gov/email_anthony.aspx
Report Post »Here’s a web form to fill out for little WEINER. Says he’d like to HEAR FROM YOU! Let him have it! :)
ironcowboy
Posted on September 17, 2010 at 2:13amThe Chicken Sh)t Wiener disabled his email at the above address…
Report Post »Psychosis
Posted on September 17, 2010 at 3:50amtip on emailing this dork fill out any weird info for name ect. like mr. goldman who lives on fairy ln in emerald city hawaii and a bunch of numbers for zip and anything for email and it will go thru lol
he is such a liberal reject and will be joining the dung heap of commy history soon enough lol
Report Post »Joseph
Posted on September 17, 2010 at 12:42amWeiner just can’t “muster” his claims. Gee gold will drop $1.50 and he’ll claim fraud! But the next day it will raise $10.00 and claim it’s a consprisy. Is he going to go after silver next? Frankly speaking, Weiner whole personallity is something I just can’t relish at all.
Report Post »cropyehrlich
Posted on September 17, 2010 at 12:40amYes and like nobody knows that they charge more for gold then elsewhere. Like nobody anywhere had heard Beck say they are the most expensive. Seems to me he explained it well. Plus it ain’t hard to figure out when you call them either. O Weiner.
Report Post »carol m
Posted on September 17, 2010 at 12:37amAhh Weetsie something I always suspected but was never really sure of. Thanks for the confirmation. Ahhh so much more I could say here but I had my bad moment already for tonight.
Report Post »Weetsie
Posted on September 17, 2010 at 12:46amYou’re quite welcome
Report Post »RojBlake
Posted on September 17, 2010 at 12:19amBy drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative.
The false narrative that we are in financially uncertain times?
That people buy gold when other forms of currency is shakey?
That gold as a commodity always has some value?
He’s not a Weiner, he’s a moron.
Report Post »leftylemn
Posted on September 17, 2010 at 12:17amSome of us have A+ Gold Weiner….Some don’t….Weiner.
Report Post »RojBlake
Posted on September 17, 2010 at 12:16amIf they are serious about looking into gold & precious metal sellers, then why is goldline the only company summoned?
This is almost laughable, except it illustrates how power really does corrupt.
Report Post »smugsmiley
Posted on September 17, 2010 at 12:15amA little something something about Goldline.
http://i.imgur.com/Hbwq1.jpg
The facts on this sheet are referenced in the bottom right corner, a simple google search should be sufficient to back them up.
Report Post »flamedone1968
Posted on September 17, 2010 at 7:02pmOK… Why did Soros just start converting his holdings?
Report Post »Sledgehammer
Posted on September 17, 2010 at 12:03amThey squandered all the money in the treasury, now their after other peoples gold (o.p.g) I wonder, is there any gold left at Fort Knox? Maybe we should look at how Congress pension plan is funded, and who is the insurer for it, (hint, it the taxpayer). as for Winer, I actually met him once, shook his hand, not impressed with him or his jelly hand shake.
Report Post »starman70
Posted on September 18, 2010 at 9:54amWeiner and Waxman, looking out for you
Two peas in a pod, what a motly crew
Putin and Castro need them today
So let’s all help them on their way.
The voting booth is the place to be
Report Post »on November second, can’t you see
Conservative Americans will make their day
and send Weiner and Waxman far, far away!
Republic
Posted on September 16, 2010 at 11:59pmThe Tea Party is going to put their sights on Weenie next. That’s what he is really afraid of and he is going after Beck & Co. as a way to fight back
Report Post »EqualJustice
Posted on September 17, 2010 at 12:26amHave you not seen WEINERFACTS?? HAHAHAHA http://www.weinerfacts.com/weiner/ ENJOY!
Report Post »Tazzy
Posted on September 16, 2010 at 11:58pmOnce a Weiner always a Weiner !
Report Post »jcatlanta
Posted on September 16, 2010 at 11:56pmlike ALL government regulation, it will hurt the average american
Report Post »QweeQwa
Posted on September 17, 2010 at 12:55amYep. Just like those silly regulation imposed on the meatpacking industry.
Report Post »Chad79
Posted on September 17, 2010 at 8:20amIt will never happen. There are too many other countries that depend on the value of gold. If he tries it, we will be at war with China soon after.
Report Post »slp
Posted on September 17, 2010 at 8:51amNever say, “never.” Read about the Bretton Woods System (1946) that regulated the price of gold at $35 per ounce, which was in place until Nixon ended it in 1971.
Report Post »VanGrungy
Posted on September 17, 2010 at 8:04pmYou don’t need government regulations to tell you that sick and dying customers is a business killer as well…
Report Post »ruforeal
Posted on September 19, 2010 at 5:52pmYes, get rid of ALL government regulation. Posts like this are what the left uses to promote the idea that we are all stupid. Way to go moron you are proving thier point.
Report Post »Byzantine-Catholic
Posted on September 16, 2010 at 11:52pmhow funny.. Weiner wants to regulate and control the company who ““plays off public fears of government takeover”
Report Post »staythecourse
Posted on September 17, 2010 at 2:39amAnd when will the government be required to “fully disclose their dishonest business practices.”?
I forget. When was the last time that the government had signed audit of government finances as required by law? Oh, I remember. Never!
From wikipedia: The Comptroller General has the responsibility to audit the financial statements that the Secretary of the Treasury and the Director of the Office of Management and Budget present to the Congress and the President. For every fiscal year since 1996, when consolidated financial statements began, the Comptroller General has refused to endorse the accuracy of the consolidated figures for the federal budget, citing “(1) serious financial management problems at the Department of Defense, (2) the federal government’s inability to adequately account for and reconcile intragovernmental activity and balances between federal agencies, and (3) the federal government’s ineffective process for preparing the consolidated financial statements.”
And what about fiscal responsibility of the Congress? When did they say that “budget” is going to be passed????
Report Post »carol m
Posted on September 16, 2010 at 11:49pmYou know Weiner the more you try to show how important you are, the more people realize how very unimportant you really. I could have alot more respect for you if you said you were investigating all gold selling companies. Nope, not you you are gonna go after Goldline and Goldline only. Hey Weiner why not go after the company that George Soros is buying Gold from? God I really am trying not to say this but I can’t help myself. Weiner your name really fits you. People with small ones tend to overcompensate by bulling others with fame. Sorry guys I do apologize.
Report Post »Weetsie
Posted on September 17, 2010 at 12:15amYes, as a woman, I will be the first to admit SIZE MATTERS and yes, he does carry a magnifying glass to go we we. Don’t ask me how I know, it’s a secret.
Report Post »AMERICA4EVER
Posted on September 17, 2010 at 12:53amCan we say extender?
Report Post »Beckofile
Posted on September 17, 2010 at 3:19pmHe could never go after the ETF Soros is in because it is just paper gold and they will get their taxes on any profits. This is an attempt to use any way to reregulate how it is we buy gold. Since we can barter and buy/sell without IRS knowledge it just burns his a$$ because Beck is out there advertising this for such a currency. He is using Goldline and Beck for a much larger purpose.
My grandama left my father a Gaudins from 1908. He in turn gave it to me (as a gift). The government never saw one of these transactions. It has passed tax free for 100 years in my family (as a gift). The greatest fact is that it will buy comprable value across this 100 years. All the while my $20 bill does not go very far today. “Paper is poverty,,it is only the ghost of money and not money itself” this is a qoute from Thomas Jefferson that is printed on a silver coin I carry in my pocket to remind me everyday.
Report Post »EqualJustice
Posted on September 16, 2010 at 11:48pmHAHAHA So THIS is how he thinks he will get back at BECK? That LITTLE WEINER!!!
Report Post »SideSho
Posted on September 17, 2010 at 12:16amLittle Tony Weenie… need I say more. He has “Little mans’ complex” in spades. Hell, if he sat on Rahms’ shoulders, they could ride on the Whirling Dervish ride at the carnival.
I notice he just fell on his sword re; the ObamaCare obamanation. Hey, maybe he’ll get an ambassadorship to Kenya. Goodbye and good riddance!
Report Post »Buck Bagaw
Posted on September 17, 2010 at 1:09amLooks like The Weiner is getting meaner.
Report Post »Beckofile
Posted on September 17, 2010 at 3:00pmCould it be illegal to use the power of your office to go after private business and private citizens just because they disagree with your party???? This is real scary.
Report Post »TrueGrit
Posted on September 18, 2010 at 10:10amIt‘s not Anthony’s name that’s the problem…it’s his NOSE.
Report Post »It‘s so far up OHB’s @@$$ he just can’t see daylight or smell the rose. (gold)
broker0101
Posted on September 16, 2010 at 11:44pmAnyone here can tell you what happened yesterday, not to mention 10 years ago. Do us all a favor and tell us what’s going to happen tomorrow, and 10 years from today.
Report Post »Buck Bagaw
Posted on September 17, 2010 at 1:05amI can handle the tomorrow part, It will rain or not and go dark before morning.
Report Post »martnee777
Posted on September 17, 2010 at 6:10amIf we continue on this path, the most valuable commodity will be food. The current policies of this administration are a long thought out and well planned method to wipe out the last place on earth where free will, self determination and individual liberty exist.
Report Post »Beckofile
Posted on September 17, 2010 at 2:57pmTomorrow I will go the mail box to see if I got my silver from North West Territorial Mint.
Report Post »MrButcher
Posted on September 16, 2010 at 11:44pmand gold companies schedule hearings to regulate the Weiner.–let him do it, boys. if this is how they want to go after Glenn, so be it. gold is still $1200/oz and that says alot more than this ******* can ever shout.
Report Post »ADMIRAL747
Posted on September 16, 2010 at 11:39pmGold tripled in value over the last 10 years. The dollar has arguably lost 50% of its value. Enough said!!!!!!!!
Report Post »klstj
Posted on September 17, 2010 at 2:24amI remember my mom telling me of when their family was told to relinquish anything mineral, including silver, gold, etc. My grandma left her silver (hidden) dollars to us as family. My grandparents lived through this time, saved, hid, anything to protect and survive for their children. Imagine him German and my grandma Norwegian….at the time was enough as they were ridiculed and faced a non common definition of racism. Now we have economic racism. People attacking citizens for collecting gold and those who provide an avenue. Someone should remind this nimrod of those who dug, drudged, fought and lived for the precious mineral. Leaving the gold standard was an investment in non stop lies, corruption, etc. The gold stAndard was exactly that….you can’t lie or corrupt weights and measures. Gold is gold, purity is purity and paper is nothing but paper. Glen has done nothing but promote gold for what gold is…told people its not right for everyone and instructed to research for ones self. Weiner is just that…..minus the lies, hate, meanness and outright disconnect from everydAY people….shame on you, shame on anyone who votes for you!
Report Post »staythecourse
Posted on September 17, 2010 at 2:31amMy grandmother hid her gold wedding band because the U.S. government was telling everyone that they should turn all of their gold over to the government.
Report Post »STUPID WINDTURBINE
Posted on September 17, 2010 at 4:08amI love Gooooooooollllllld!!!! I lost my weiner in an unfortunate smelting accident. Hahahaha
Report Post »PostProgressiveAmerican
Posted on September 17, 2010 at 4:16amMore likely lost it installing your Stupid Windturbine…
Regarding Weiner, his name says it all.
Report Post »79USMC83
Posted on September 17, 2010 at 6:05amIt was on the news the other day that a country in Asia bought tons of gold to protect itself from the dollar. Why does the “Government Stupid” have all that gold HOARDED in Fort Know??? There are many Gold companies advertising on TV. It is the consumer’s choice to SHOP around. Did you here that they are going to regulate how many times a person can have a bowel movement because of water and gas usage??? Also they are going to standardize the thickness of toilet paper to save trees!! Funny all you see in Georgia is tree farms!!!
Report Post »PostProgressiveAmerican
Posted on September 17, 2010 at 6:13amNow that the EPA has ruled CO2 as a ‘harmful’ gas, I am expecting regulations to come out on how much/often one can work out…may have to ban marathons.
Report Post »iatoala
Posted on September 17, 2010 at 7:43amWeiner’s a Dweeb he is pissed that he didnt buy gold earlier. Id like to give him a wedgie!
Report Post »Nostraquedeo
Posted on September 17, 2010 at 8:00amWe need a hearing on GM. They use aggressive sales tactics and liberal spokespeople like Obama to sell overpriced cars.
Report Post »VegasGuy
Posted on September 17, 2010 at 12:16pmNo doubt the man’s name gave Wiener issues as a child which he still carries to this day. Someone should introduce him to the meaning of the word, “overcompensate.”
Report Post »stephenb.net
Posted on September 17, 2010 at 1:13pmYou know the funny thing is, he actually looks like a wiener doesn’t he? I would bet the man walks around with those little packets of French’s Mustard in his pockets to suck on when nobody is watching.
Reality time wiener boy…people are allowed to sell investments in the USA. If risky investments were illegal they would close Wall Street, Congress and the White House.
Report Post »Airgun
Posted on September 17, 2010 at 1:45pmQuestion: Who do they disclose their “dishonest practices” to, the SEC????
Report Post »Beckofile
Posted on September 17, 2010 at 2:51pmCould we use these same rules with the laws he wants to write. I think the news about Obamacare is turning out to be false everyday. What about the bailouts and stimulus? I will take Goldline all day long over these crooks. Try to reread the article and replace Goldline with Congress. Makes for more interesting reading.
Report Post »Beckofile
Posted on September 17, 2010 at 3:25pmI am so happy to see my nanny showed up to protect me. I just could not find a reputable person to sell me a coin. The only good businesses I could find were at the DMV, Post Office, IRS, and my state tax office. They never lie about how they are going to steal from me. I just hope the veiner can take his passions into every aspect of my life because I am so sick and tired of hurting myself.
Report Post »gray888
Posted on September 18, 2010 at 9:07amIt’s funny, but I don’t seem to recall goldline forcing anyone to buy their gold. Does the government really think that we’re not smart enough to shop around and make decisions for ourselves……
Report Post »Compete or Lose
Posted on September 18, 2010 at 11:14amI wonder if the Wieiner really wants to have hearings that surely will talk about the destruction of the Dollar and the protection that gold offers. The Weiners hearing could actually drive up the value of gold…..
Report Post »FreedomMissMeYet
Posted on September 19, 2010 at 9:10amThis is the beginning of a long story that will continue to grow hair, but you have to be willing to put the work in and connect the dots yourself and find out what you believe … or what you can accept. As with most tragedies, just follow the money and the real story unfolds. I‘ll be presumptuous and assume you don’t believe the institutions will do this work for you.
The institution knows hyperinflation is imminent. The dollar is expendable and will meet the same fate every other fiat currency in the history of the world has met, a return to its true value, zero. They’re angling for a dusting of the greenback and conversion into a one-world currency. Before the transition, they’ll need to insulate our patently un-payable domestic debts from any new merging partners. One way to do this is to extract as much wealth as possible from the population.
So, how do you do that anyway? Well Law, regulation, and taxes of course. FDR did a pilot of this program in 1933, when he stole 43% of every US citizens’ gold under the threat of fine or imprisonment. Haven’t heard of this? Well it must not be true then eh? Just Youtube for the actual 1933 Bill. He paid Gold holders a phony value of $20/oz when it’s true value was 35$/oz – that’s the 43%. This didn’t apply to Gold collectibles however. How nice, the uber elite with gold goblets were exempt.;-)
The Fed Treasury’s charter is generally to create low unemployment with low Inflation, yet that charter has also been expanded to “control the cost of commodities”. So through laws, taxes, and regulation they can fulfill their fake charter of “keeping the cost of commodities down” which is really just a code word for stealing from anyone storing their reserves in commodities. By taxing and regulating, they’re smart enough to know people will demand less of it, control prices, and even if not, they’ll get a huge chunk of the action.
What you’re seeing is a concerted and heinous effort to continually extract wealth from the population, through commodities prices. I know, I know, it’s all a nasty ugly game, and one that we never asked for.
So what do you do? I wish I knew. We do know that physical commodities are better than electronic since some may fly under the radar vs. electronic daily monitoring. If electronic, there are some 2x and 3x longs that can outstrip some govt costs but can amplify losses too. And, who knows what other forms of currency are out there? Trust, love, favors, others?
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