-- Posted Sunday, 24 February 2013 | | Disqus
I am getting progressively more scared, angry and paranoid, but mostly more scared and angry with "paranoid" holding steady, and am thinking dark, dark thoughts.
Perhaps this is why I was so intrigued by a blurb by Harry Shultz, dated July 9, 2012, sent to me by Junior Mogambo Ranger (JMR) Phil S. The entire email summed it all up for me, as it chillingly read "The entire world has become a singular, massive banana republic, with investors frozen in the headlights, earnestly searching for investments in an ‘impossible’ atmosphere. Banks are no longer banks (& cannot be trusted – to quote Martin Wolf at the FT), where rating agencies & governments are dimly viewed, where pensions are short of funds, where fraud is not the exception anymore, and where most market trends only last a few hours. Heaven help us."
Heaven help us, indeed!
Notice that Harry, being a classy guy, doesn't mention the actual problem, which is that the Federal Reserve and the other smug, dirtball, lowlife, moronic neo-Keynesian econometric halfwitted central banks around the world have created far, far, far too, too, too much money, decade after decade, all of which was grossly mal-invested in the private sector due to the false signals of consumers borrowing to bring future consumption to the here and now, and the false signals of the moronic federal government looking at all the resultant flood of tax revenues as a constant stream upon which they can borrow.
There are, of course, those of you who object to what I say, which you do because you are morons and/or economic illiterates, and there are those who also object because I call him Harry, instead of "Mr. Shultz," as in "How can a little nobody, lowlife, pipsqueak writer of Stupid Mogambo Crap (SMC), like you, that nobody reads, and those that do feel soiled and debased by the experience, possibly consider yourself on first-name par with someone of Mr. Shultz's caliber?
To these people I say, of course, screw you, because the fact is, Mr. or Ms. Smarty-Pants, I called him up to personally ask him if he would let me call him Harry! How do you like them apples?
I even told the receptionist when she answered "Hey! Tell Harry Shultz that The Magnificent Mogambo (TMM) is on the line, and wants to ask him an important question, and maybe get a little inside information so I can make a little fast cash since I'll have him on the line, and how come I got an email, from somebody he probably doesn't even know, and excerpted from something he wrote last freaking year, that did NOT contain the Very Important Information (VII) that if an investor is not buying gold, silver and oil right now, then they are some kind of idiot?"
Well, I don't know what happened, maybe their phone systems is new or something, but I was mysteriously disconnected every time I called.
Fortunately, the clarion call to say that very "buy gold, silver and oil" thing was kind of provided by the illustrious Eric Sprott, who told King World News that "the massive plunge in gold scrap recycling may be removing as much as a staggering 850 tons of gold from world supplies each year."
Yikes! We're running out of scrap gold! No more storefronts and pawn shops blaring "We Buy Gold!"? And it's because most of the scrap gold is, after all these years of them buying gold, apparently gone?
So, quickly donning my Mogambo Super Investor (MSI) hat, I say, rubbing my chin thoughtfully, "Let's see here: a 'staggering' 850-ton supply of gold is no longer flowing into the market, while demand for gold is growing exponentially! Hmmm!"
Instantly, my mind goes "Ding ding ding!", which is the sound of a brand-new Fabulous Mogambo Idea (FMI) coming down the wire! The first part of the FMI is "Buy gold! Right now!"
The second part is where, if you don't want to buy gold, or if you have already quit reading this Stupid Mogambo Crap (SMC) a long time ago, probably after the first few sentences or syllables, you will look deep, deep into my eyes, you are getting sleepy, sleepy, sleepy and want to do my bidding, bidding, bidding, which is to go tell that guy that I want both of you to loan me a lot of money, which I will repay at 20% interest, even knowing beforehand that you will never see your money again, or that laughable 20% interest, because this is just another blatant stupid Mogambo scam that never seems to work out for me because you Earthlings are not quite as stupid as is commonly rumored in the cosmos.
I mean, you Earth people actually believe that you can have zero inflation with an expanding fiat currency, despite the fact that it has never happened before! Hahaha! Can't you see why intelligent beings from other planets come to look at you in their UFOs, but never want to hear anything you say? Can't you see that say nothing to us, either, because we are obviously too, too stupid to understand?
I mean, the Austrian School of economics has been right there, at Mises.org, the whole time, and yet impossibly stupid, preposterous Keynesian crap prevails around the world! Hahaha! Prevailing in spite of its complete failure! Hahahaha!
You can see that Eric King, whom I suspect is an Earthling who IS intelligent enough to disbelieve such nonsense and does not appreciate being lumped in with the idiots comprising the vast majority of people who DO believe it, does not see the humor in that, and, ignoring me, goes on that KingWorldNews.com got the report where 'The secondary market, which is scrap, business is down almost 50% year over year, and the previous year was already a down year. The only supply now is coming from the miners. This applies to both gold and silver."
Eerily echoing what I wrote before, probably in one of the preceding paragraphs, about how you should be buying gold, silver and oil with a frenzied abandon because of the profound supply/demand imbalance, he goes on "Gold and silver bar and coin demand is very strong and the supply has essentially dried up.'"
"Hmmm!" I said to myself, adjusting the tinfoil on my Mogambo Super Investor (MSI) hat, "850 tons is half the scrap gold, which means that there is STILL another 850 tons of scrap gold added per year, which adds up to 1,700 tons per year, and yet BullionValut.com says that 'Gold is being mined at about 2,600 tonnes a year,' which means that scrap gold adds 1,700 tons, which is waaaAAAaaay more than half of what is actually mined, to total supply?"
All of a sudden, I am frothing at the mouth in my zeal for gold! Let me remind you, in case you are not similarly frothing, that one of the Iron Laws Of Economics (ILOE) is that changes in the price is what equilibrates supply with demand, thus changing price, changing price, changing price, until supply equals demand.
So, ipso facto, the price of gold has to gloriously rise, rise, rise until it chokes off a Huge Freaking Demand (HFD) for gold, enough so that a monstrous, ravenous demand equals a pitifully small -- and falling! -- supply of gold! It’s the law!
Thus, I scream, screech and shout, scurrying about, "Huzzah! Huzzah!" and "Buy gold! Buy! Buy! Buy!"
I mean, sure-fire, can't-miss investing doesn't get any more obvious than this! Which is why savvy Junior Mogambo Rangers (JMRs), around the world and across the cosmos, confidently buy gold, silver and oil, knowing that "Whee! This investing stuff is easy!"
-- Posted Sunday, 24 February 2013 | Digg This Article | Source: GoldSeek.com