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Hank
You may have seen those threads, but that doesn't mean the information is accurate. The word penalty gets tossed around quite a bit, too often in my opinion. "No obvious benefit" does not equate to "penalty".
Google doesn't penalize for linking to off-topic sites.
90%+ of the people that post here about getting banned or being penalized, simply are not. And in those few cases where they are being penalized, most of them just pick a random reason that they think they are being penalized get that stuck in their head.
Now what does appear to be happening, is that google is adding some filters that will block PageRank and other factors from being passed on in certain situations.
In other words, they might decide to make it so that as far as google is concerned, a link may no longer exist. They will generally only do this in cases where they believe that those links are causing skewed results.
In fact, I'm sure there are going to be people that read your comment and decide that there ARE penalties for linking to unrelated sites.
Opps! I guess this is a self perpetuating thing. I read a thread, complain, and then somebody reads my thread. Sorry. I just really got irritated going to some of these news sites today. Don't pay any attention anyone. As Rossana from Saturday Night Live would say, NEVER MIND!
The truth is that there is only one person on this board that really knows what is going on, GoogleGuy. The rest of us are just guessing. It's just that some people take better guesses than others.
Spend some time trying to figure out which posters are worth paying attention to, and which ones aren't. Then remeber that even the better posters will sometimes get things wrong.
Wvwn when GoogleGuy posts something, make sure that you don't read anything extra into the post.