Things got a little weird yesterday for enthusiasts of monetary policy when Hollywood ankle monitoring bracelet model and sometime actress Lindsay Lohan got all up in the Federal Reserve's grill on Twitter, sending out the following message:I'm not sure there are many EPJ readers who also follow Lindsay Lohan, but but if you are one of them or have heard about NIA in some other manner, be aware of one thing, there are many questions surrounding NIA. It appears that NIA is using the legitimate fear of inflation to corral NIA followers into buying some very edgy stocks. NIA is run by the infamous former(?) kid pump and dumper, Jonathan Lebed. Listen to the Schiff interveiw of a former NIA insider for the full scoop.
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 #adWhy the sudden interest? Well, as it turns out, her Twitter-missive was a sponsored tweet -- a message she was paid to send. But as she endeavored to explain to an inquirer, "i actually do care about gas and food prices, so whether it's an #ad or no, it's important for people to be aware of it."
Of course, you might be wondering, "Who on earth would pay Lindsay Lohan to broadcast their opinions on the Fed? Clearly not someone who ultimately wanted to be successful at affecting Fed policy." Well, you'd be right. As SF Weekly reported, the tweet was sponsored by the National Inflation Association.
Wednesday, June 29, 2011
You Know This Ends Up Crazy: Lindsay Lohan Warns on Inflation
So much for the National Inflation Association trying to rip off Peter Schiff followers, NIA has gone onto the big time. HuffPo reports:
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yah...another fear mongering tactic like neocons
ReplyDeleteGreat!
ReplyDeleteThe liberals get George Clooney.
We get Lindsay Lohan.
Well I guess anybody can be anti-Fed.
ReplyDeleteWe need a secret handshake or something.
It occurs to me that this is a snapshot of how twisted and bazaar our world has become. People with a specific agenda (NIA) using a talented but troubled girl (Lohan) to hide their identity and reach a target audience. The lack of transparency and underhandedness speaks volumes. Very much reminds one of the relationship between government and the main stream media.
ReplyDeleteThe writer Theodore Sturgeon in the 1950's postulated that "ninety percent of everything is crap". This was long before the internet was even a twinkle in someone's eye. Turns out he was off by ruffly 9.99%, which translates in today's world to: "99.99% of everything is crap." The solution to this state of affairs is to distrust everything until it can be verified, regardless of where or who it comes from.
I have found two tools that have proven helpful in trying to understand this strange state of affairs. First, "keep an open mind, but not so open your brains fall out". Clearly, many of us have lost this battle and need to pick our brains up off the floor and develop the ability to think critically.
Second, and vastly more important, "you will know them by their fruits". Never listen to what they say, but watch what they do. In this case, the "fruits" have a slightly tainted odor.
This, by the way, is why I am an avid follower of this website. It passes both tests with flying colors.
Well done, Mr. Wenzel!
@ Anonymous at 12:20 PM
ReplyDeleteI would add one tool to your toolbox and that is logic and/or critical thinking skills. Being able discern faulty reasoning it passes one's open mind is critical I think.