Customers Say Company Is "Preying On Faith"

Full story: WREG

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61 - 80 of 82 Comments Last updated Nov 27, 2010
John Ripen

Memphis, TN

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#61
Nov 6, 2010
 
I would like to hear from Mr. Bates. Anyone else?
anonymous

Collierville, TN

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#62
Nov 7, 2010
 
John Ripen wrote:
I would like to hear from Mr. Bates. Anyone else?
Good luck with that!
Had To Respond

Collierville, TN

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#63
Nov 7, 2010
 

Judged:

1

1

d To Respond

I listened to your video regarding First American Monetary Consultants and felt I had to respond. I have attended seminars conducted by Dr. Bates for many years. Dr. Bates is an economist and a former banker and legislator. He has written several books. He anticipated the most recent economic crises emanating from the real estate excesses and predicted its timing almost to the month. He has been a severe critic of the Federal Reserve, particularly its handling of our currency such as the current printing of U. S. Dollars to finance our national debt.
Your characterization of his message as “Preying on Faith” is not correct. He does head a gold and silver company, but I have never heard him promote the sale of products from his company at any seminar I have ever attended. If a person has purchased gold or silver from his company, they have chosen to do that on their own. There are many, many gold and silver sales companies out there and a person has many choices. I attended his seminars for many years to hear his economic message and never purchased gold and silver from his company, and was never solicited to do so.
On your investigative report you make a very crude and unprofessional cutting and combination of statements from one of his seminars to create the false impression that he is stating that the Bible says to have gold and silver. The Bible does not state that and I have never heard Dr. Bates make such a claim. Your journalistic piece appears like you have collected material and combined it in an intentional attack and did some fact twisting in the process. The Bible does talk about our responsibility to have honest weights and measures and our current fiat currency is not an honest weight and measure. Dr. Bates does talk about that. He does recommend people to consider gold and silver as a portion of their savings, and many people throughout the world seem to be doing that today.
Dr. Bates does have a Christian testimony. Whatever dealings I have had with him he has been honest and trustworthy. I read the three complaints that you furnished in the accompanying material. There were delays but all were eventually satisfied. With the many transactions the FAMC must have one would have to expect some might have an administrative mix-up, but FAMC probably regrets any having taken place. That there are some employees who have left the company and express dissatisfaction, we can all anticipate that happening. I have even talked with people who left Channel 3 and expressed dissatisfaction with your policies.
Christian

Chicago, IL

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#64
Nov 8, 2010
 
Thank you, Mr. Bates. The people who bought the products that were in the news report said they bought the product because of his Christian message. He didn't have to say buy it because of the Bible. It was bought because of his overall message. The story never said he told people to buy gold and silver in his conferences but his Christian message makes people believe him and trust him.No one is saying his message is wrong. But not giving these people their metals is wrong. Look at Anne Trimble's blog. They are not the only ones. And if they were satisfied why would they go on tv?
Mr. Bates, you need to come clean and just give people their products on time. If the above comment is not Mr. Bates then it doesn't matter.
Alex

Memphis, TN

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#65
Nov 8, 2010
 

Judged:

1

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1

Preying on Faith is just a really biased way of saying that they are Preying on ignorance. Faith is great and all, it helps the majority of the people on Earth keep from crying themselves to sleep at night.

However, if you put your trust in a company (especially a company that trades cash for gold) BECAUSE they advertised on a religious TV channel, then you are Grade-A stupid...
anonymous

Collierville, TN

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#66
Nov 8, 2010
 
@ Had to Respond

I also have been to his conferences, and he most definitely DOES use the Bible as evidence that people should buy gold. If you had seen his brochures, you would know this. And after he scares these people, they usually ask, "What do I do? Where do I get this gold?" And he promptly replies with a smirk, "FAMC will be happy to help you with that."

And these cases are not "administrative mix-ups." That is how they conduct business - hold the money until people complain enough times.
Manny

Memphis, TN

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#67
Nov 8, 2010
 
Christian does not mean ignorance. These people are not stupid. They thought they were dealing with a honest business. This was not about trading cash for gold. This was about investing in the future.
William Rould

Memphis, TN

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#68
Nov 9, 2010
 
@ Had to Respond
Which facts are wrong or twisted? I didn't see an 'intentional attack." They tried to talk to the man but he didn't stand up for himself, his beliefs, or his business. If they came to my business I would sit down and talk to them and tell them the truth. You need to provide some proof to your allegations.

@ anonymous
Same goes for you. Where's the proof?
Duped by Larry Bates

Waynesboro, VA

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#69
Nov 9, 2010
 
Larry Bates has owed my company close to $2,000.00 since 1991, when FAMC was located in Colorado. There's no way you'll convince me he's not a crook. If he wasn't he'd be paying his bills!
WREG INVESTIGATORS

Memphis, TN

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#70
Nov 9, 2010
 
Duped by Larry Bates,
Please email us at Investigators@wreg.com. We would like to hear more about your post.
WREG INVESTIGATORS

Memphis, TN

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#71
Nov 9, 2010
 
Had To Respond,
Please email us at Investigators@wreg.com. We would like to hear more about your post.
I Know

United States

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#72
Nov 9, 2010
 
anonymous wrote:
@ Had to Respond
I also have been to his conferences, and he most definitely DOES use the Bible as evidence that people should buy gold. If you had seen his brochures, you would know this. And after he scares these people, they usually ask, "What do I do? Where do I get this gold?" And he promptly replies with a smirk, "FAMC will be happy to help you with that."
And these cases are not "administrative mix-ups." That is how they conduct business - hold the money until people complain enough times.
You got that right! The squeaky wheel gets the attention with Mr. Bates. But even then he doesn't always respond.
Huck Finn

Memphis, TN

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#73
Nov 9, 2010
 
They should have bought a snuggle blanket instead.
4BATES2

Dyersburg, TN

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#74
Nov 9, 2010
 
Christian wrote:
Thank you, Mr. Bates. The people who bought the products that were in the news report said they bought the product because of his Christian message. He didn't have to say buy it because of the Bible. It was bought because of his overall message. The story never said he told people to buy gold and silver in his conferences but his Christian message makes people believe him and trust him.No one is saying his message is wrong. But not giving these people their metals is wrong. Look at Anne Trimble's blog. They are not the only ones. And if they were satisfied why would they go on tv?
Mr. Bates, you need to come clean and just give people their products on time. If the above comment is not Mr. Bates then it doesn't matter.
Mr. Bates is not writing on this forum. I know for a fact keep assuming!
4BATES2

Dyersburg, TN

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#75
Nov 9, 2010
 
Had To Respond wrote:
d To Respond
I listened to your video regarding First American Monetary Consultants and felt I had to respond. I have attended seminars conducted by Dr. Bates for many years. Dr. Bates is an economist and a former banker and legislator. He has written several books. He anticipated the most recent economic crises emanating from the real estate excesses and predicted its timing almost to the month. He has been a severe critic of the Federal Reserve, particularly its handling of our currency such as the current printing of U. S. Dollars to finance our national debt.
Your characterization of his message as “Preying on Faith” is not correct. He does head a gold and silver company, but I have never heard him promote the sale of products from his company at any seminar I have ever attended. If a person has purchased gold or silver from his company, they have chosen to do that on their own. There are many, many gold and silver sales companies out there and a person has many choices. I attended his seminars for many years to hear his economic message and never purchased gold and silver from his company, and was never solicited to do so.
On your investigative report you make a very crude and unprofessional cutting and combination of statements from one of his seminars to create the false impression that he is stating that the Bible says to have gold and silver. The Bible does not state that and I have never heard Dr. Bates make such a claim. Your journalistic piece appears like you have collected material and combined it in an intentional attack and did some fact twisting in the process. The Bible does talk about our responsibility to have honest weights and measures and our current fiat currency is not an honest weight and measure. Dr. Bates does talk about that. He does recommend people to consider gold and silver as a portion of their savings, and many people throughout the world seem to be doing that today.
Dr. Bates does have a Christian testimony. Whatever dealings I have had with him he has been honest and trustworthy. I read the three complaints that you furnished in the accompanying material. There were delays but all were eventually satisfied. With the many transactions the FAMC must have one would have to expect some might have an administrative mix-up, but FAMC probably regrets any having taken place. That there are some employees who have left the company and express dissatisfaction, we can all anticipate that happening. I have even talked with people who left Channel 3 and expressed dissatisfaction with your policies.
Amen. I wish people would just let it alone. It really hurts me to see this all. He's such a GOOD MAN!!!!!!
Baker

Memphis, TN

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#76
Nov 9, 2010
 
Obviously not that good. Some people might not know him as well as they think. People want this left alone because it hurts their feelings? What about what the people who trusted Bates went through?
Ron

Carbon Hill, AL

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#77
Nov 11, 2010
 
Anon wrote:
I bet my weight in gold that this fella is a GOP or Tea Bagger religious fanatic.
Actually he contributes heavily to Democratic candidates.
Anonymous

Olive Branch, MS

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#78
Nov 12, 2010
 
I Know wrote:
<quoted text>
I'm not saying that at all. I hardly know her, but did deal with her while on staff at FAMC. She did expect a lot from the staff and from Mr. Bates that was beyond reason, and was difficult to work with. But, what she is saying about how the clients were treated by Bates is correct.
How can I get in touch with Anne Trimble as a former employee? I would like to talk to her former employee to former employee.
TruthTeller

Van Nuys, CA

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#79
Nov 19, 2010
 
Continued ...

TruthTeller repeats from August 11, 2010

FAMC also has a publishing division, which distributes its Monetary & Economic Review and sells educational books, tapes, DVDs and CDs.

BUT the FAMC side of the organization, devoid of Securities and Exchange Commission and Federal Communications Commission regulation because it is a satellite delivered service, advising those who want to protect themselves from Economic Disorder and the massive transfer of wealth to buy GOLD, Silver and coins that will only go up in value as a hedge against the coming wipeout of the dollar.

Some hefty sums have come in as buyers are told of 30-45 day delivery dates that have been known to drag out.
The news is just a vehicle to sell the books, tapes and financial services and service the network for the lecture and seminars coming to a city near you. The $500,000 satellite GPS full blown IRN mobile newsroom is Larry Bates personal luxury hotel on wheel as he travels the south and western parts of the US on his lecture circuit.

The news is pre-recorded and played hourly from a computer and an alleged un-spun to the degree of the anchor on duty and also depends on the non-rip and read take on what is really happening and not what the liberal media is dishing out. At least that is the mission statement!

With limited news sources, bare bones staff and time restrictions, news research is non-existent; the wires are limited via Associated Press and Metro Networks. The job is a get er done on time thing!

When the family of the late founder of the USA Radio network was drowning in red ink they approached the Bates family and decided to merge. IRN absorbed the 2000+ stations who took the USA Radio newscasts and since yes some are religious, many more are not; the content is just mainstream simple basic news as seen through the eyes of the reporter on duty.

Just listening long enough with reveal how the content can change depending on who is on duty.

No on duty editor or news director or assistant news director is on duty at an assignment desk monitoring for consistency and continuity.

News & Views is a live two-hour, issues-oriented and caller-intensive daily radio news magazine delivered from an economists point of view.(That says it all Delivered from an economists point of view.

Larrys point of view!
TruthTeller

Van Nuys, CA

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#80
Nov 19, 2010
 
IRN/USA Radio news? Part 2 ABOVE Part 1 Here

The mantra of the repro-Bates family, i.e. Dr.(Apparently honorary since it is nowhere to be found) Larry Bates and his son, Chuck Bates have quite the background in the field of broadcast news.(NOT)

Dr. Larry Bates is a veteran newsman,(sic) an economist [PhD in Agricultural Economics supposedly) and best-selling author.(Says who Larry says!).

A former Legislator in the Blanton era in Tennessee back in the 1970&#8242;s and Bank CEO, Dr. Bates is a (nationally recognized) authority on geopolitical systems, the economy and their impact on peoples lives.(OK here we go)

Chuck Bates, also an economist,(not really He just knows how to sell gold and silver)(No degree that is known of, except he IS a Bible school graduate). Chuck is Executive Vice President and News Director for IRN/USA Radio News.(And got his start in broadcasting working for dad, and has never done a news shift.) He previously served as an assistant in the office of Political Affairs in the White House.(Dad got him the job when he was in Tennessee politics.)

Great source of info here: http://dangerousintersection.org/2007/08/12/l...

OR
When did he become a Doctor/PhD?
Is it an honorary degree? Nothing shows up in any search, anywhere.
Larry Bates Bio
Bates, Larry (D)
(believed to be a old former address Glenwood Drive, Martin, Tenn.)Representing House District 77. Born August 18, 1944. Married; Baptist; Pres., Bates Insurance Agency; Chairman of the Board and Chief Executive Officer Reelfoot Bank; Union City; B.S. University of Tennessee at Martin; Pres. Student Body UTM, two yrs., Pres. UT General Alumni Assoc.; Masonic Lodge, Scottish Rite, Al Chymia Temple, Alpha Gama Rho Fraternity, Kiwanis, Tenn. Bankers Assoc.. Tenn. Natl Assoc. of Life U-w, American Bankers Assoc., Whos Who in America; Whos Who in the South; Outstanding Young Men of America; Whos Who in American Colleges and Universities; Whos Who in Community Service. Member 87th, 88th and 89th General Assemblies

Source: Tennessee Blue Book
By Tennessee Dept. of State
Published by Secretary of State, 1890
Item notes: 1975-76
Original from the University of California
Digitized Apr 2, 2007

http://books.google.com/books...

The ads are calls PIs.(Thats a percentage for product sales) i.e., no pay IF no sale) and low rates for those commercials. And those MLM products are for the Bates coffers, from Colloidal Silver, Stem Cell pills, health and nutritional products etc., that give then quite a hefty cash flow.

Then there are the books and tapes that sell for a hefty fee, the Economic newsletter presenting convincing information that the call to action is to call the toll free number of FAMC, First American Monetary Consultants, Inc.,(the primary arm of the economic and political consulting and newsletter, with editorial & corporate headquarters in Fort Collins, Colo., and additional offices in Columbia, Mo., and El Paso, Texas,

http://www.famcinc.com/pdf/decnfeb01.pdf

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