Globe with Money

What's New?



Best Advice in Politics: Don’t Give Money to Liars

Sep. 23, 2016
by Bob Adelmann

Last Friday, Mish Shedlock, author of the MishTalk blog, riffed on an “exclusive” report published by the Observer. That report claimed that Hillary Clinton’s campaign was repeatedly charging one-time donors’ credit cards without their permission. This was allegedly being done not only to raise additional funds, but to improve her campaign’s reporting to the Federal Election Committee that a lot of her support was coming from small donors.

Shedlock read the report, published it in its entirety on his blog, and then added this disclaimer:

I cannot prove any of this. Nor can anyone else unless they have a recording of the call. But there is a moral to this story, two actually:

1. Do not give [your] credit card or bank account information to anyone who calls you.

2. Do not give money to untrustworthy people or known liars. It will only give you grief.

Whether Carol Mahre’s experience is unique or one of thousands remains to be seen. She meant to make a single donation to the Clinton campaign, only to discover repeated deductions from her checking account. What is clear is that it did happen to her and she couldn’t do anything about it.

Back in March, Mahre, an 81-year-old grandmother and lifelong Democrat, decided to contribute $25 to the Hillary for America campaign. She gave a staff member her account information, and on March 16 $25 was deducted from her US bank checking account.

Later that day, another $25 was deducted from her account. On March 29, $19 was deducted from her account, payable to the Hillary for America campaign.

She tried unsuccessfully to get the campaign to reverse the charges, and asked her son Roger, a local attorney in Maplewood, Minnesota, for help. He picked up where she left off, calling the campaign headquarters many times but getting only a voicemail message saying that lines were busy.

Frustrated, Roger decided to get some help. He filed a fraud report with the Minnesota Attorney General’s office and then asked the local CBS affiliate, KARE 11, for assistance. The station looked into it and explained the situation to its audience:

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.