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Thursday, October 7, 2010
MRC Joins the Gold Bandwagon
Topic: Media Research Center

Following in the footsteps of Newsmax and Glenn Beck (and after defending Beck over the issue), the Media Research Center has decided to clamber fully onto the right-wing gold-shilling bandwagon.

In an Oct. 5 MRC Business & Media Institute article, Jeff Poor -- author of the aforementioned defense of Beck and gold --  highlights how "Over the last 12 months, the price of gold has appreciated considerably" and that CNBC's Jim Cramer has explained that "the current high price of gold is not the result of a bubble, which he debunked by explaining the definition of a bubble." and that "gold's going to $2,000" an ounce.

Poor offers no contrasting view, even though the Wall Street Journal points out that speculation about gold sharply divides the investing community. And it was not all that long ago that Poor was mocking Cramer for admitting he was wrong for telling his viewers that Bear Stearns wasn't in trouble days before the investment bank tanked.

So when can we expect to see some Goldline ads pop up across the web pages of the MRC empire?

Posted by Terry K. at 9:27 AM EDT

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