Often on a Saturday morning I browse through Facebook posts. It is rather an interesting thing to do over morning coffee, and makes for a nice break from my typical finance-related reading - but not today.
It started off innocently enough, until I came upon a post about the amazing bacteria absorbing properties of onions. Seriously? I immediately headed to the About.com Urban Legends site to check it out.
Not to be let down, I found this Onions and Flu article that seemed to quote the Facebook post I had just read verbatim. It quickly dispelled the amazing flu-fighting properties of onions as a myth. (Of course I had to post this myth-busting link to the person's Facebook comment.)
Next, however I came across a post about the endless cycle of government spending. That's fine and I see a lot of that now-a-days. But the post went on to talk about the government nationalizing retirement plans. Gheez. Serioulsy? Again? I have had plenty of readers ask me about this over the past few years, and frankly, I've had it with this question.
Urban Legends didn't have the myth-buster on this one, but thank goodness Ric Edelman did. You can read his report in Relax. The Government is Not Going to Seize Your 401(k). The whole thing is a bunch of baloney that got sensationalized.
Why re-circulate unsourced anonymous info via email or Facebook without fact checking? Please, give me one reason why? I mean no wonder people like Bernie Madoff and Allen Stanford are able to get away with their scandals for so long. I think I'm going to start selling rainbows with pots of gold at the end. I mean why not? Apparently there's plenty of people out there gullible enough to buy one.