news.goldseek.com >> 3 July 2008
|
news.goldseek.com >> 3 July 2008 |
Vaguely Resembling Real Price Inflation
By: Richard Daughty, The MOGAMBO GURU
Mr. Samuelson is also admitting that he is completely ignorant of John Williams and his shadowstats.com, where inflation is calculated the way it was actually measured in 1974, and which shows that price inflation is now HIGHER than it was in 1974…
|
news.goldseek.com >> 2 July 2008 |
More Bats and a Bigger Budget
By: Richard Daughty, The MOGAMBO GURU
Looking furtively about with my beady, rat-like eyes to a route of escape, I was nevertheless frozen to the spot when he said, 'Our nation has come to expect the Federal Reserve to step in to avert events that pose unacceptable systemic risk.'
|
news.goldseek.com >> 1 July 2008 |
Funding the Bacchanalian Excess
By: Richard Daughty, The MOGAMBO GURU
The bad news is that today's feasters, gorging themselves at the government trough, are not going to commit suicide. They are going to riot, and elect politicians to continue the feast, regardless of the cost.
|
news.goldseek.com >> 29 June 2008 |
Gold Bats a Thousand on Softball Questions
By: Richard Daughty, The MOGAMBO GURU
And since we are talking soft, fluffy, slow-pitch questions, I'll ask one: What monetary policy is the best and most stringent? Easy one: The gold standard!
|
news.goldseek.com >> 27 June 2008 |
Love/Hate Inflationship
By: Richard Daughty, The MOGAMBO GURU
We love inflation and we hate inflation! So, it's a love/hate relationship! The most confusing kind! No wonder my head is spinning all the time!
|
news.goldseek.com >> 26 June 2008 |
Using Modern Economics to Scare Children
By: Richard Daughty, The Mogambo Guru
And don't get me started on how increases in Social Security payments have lagged increases in prices for years and years, because I hear plenty of that from people who depend on Social Security checks.
|
news.goldseek.com >> 25 June 2008 |
Economic Egomaniacs
By: Richard Daughty, The MOGAMBO GURU
Now, total government taxation consumes half of all incomes, all of which goes around and around until my head is spinning and I wonder how it is possible that any country with as many schools, colleges and universities as we have can be so freakishly, perversely, brain-dead as to believe that such idiocy was even freaking possible?
|
news.goldseek.com >> 22 June 2008 |
Asking Too Much of a Fiat Currency
By: Richard Daughty, The MOGAMBO GURU
Trying to preserve buying power with advanced purchases of oil! Sort of like buying gold and silver, but messier. Stick with silver and gold. You'll be glad you did, as your motives are the same as everybody else's…
|
news.goldseek.com >> 20 June 2008 |
Nothing to Be Done
By: Richard Daughty, The MOGAMBO GURU
Perhaps the fact that nothing can be done explains their inaction, because if something could be done, somebody would have thought of it in the last 3,000 years of idiotic governments destroying themselves with creating too much money and credit.
|
news.goldseek.com >> 19 June 2008 |
Raising the Roof on the Debt Ceiling
By: Richard Daughty, The MOGAMBO GURU
The debt ceiling was raised less than a year ago from $8.965 trillion, which means that the despicable Congress (except Ron Paul) authorized themselves to spend about $500 billion…
|
news.goldseek.com >> 18 June 2008 |
Many Thanks to the Damn Greedy Banks
By: Richard Daughty, The MOGAMBO GURU
I am so scared and paranoid at the economic horror that is looming in our future that I have been drinking heavily and consuming various medications in various quantities just so I can stop screaming…in horror about inflation in prices…
|
news.goldseek.com >> 17 June 2008 |
Silver Saves Investors Big and Small
By: Richard Daughty, The MOGAMBO GURU
And why is everybody, big and small investors alike, suddenly buying all of this silver? Could it be because silver…has always (for the last 4,000 years in a row, anyway) gone up in price when the value of the money went down? Hahaha! You bet it is!
|
news.goldseek.com >> 15 June 2008 |
A Phantom Increase in Income
By: Richard Daughty, The MOGAMBO GURU
If you are like me, you are suddenly realizing that your income did not go up by 0.2%, or any percent, because if it did, it seems like you would have remembered it. And anyway, if my income DID go up, then where in the hell is all of this money?
|
news.goldseek.com >> 13 June 2008 |
Investing Made Simple
By: Richard Daughty, The MOGAMBO GURU
Suddenly I think, 'Ahhh! I see! Demand is more than supply, meaning price will go up until demand equals supply!', at which point I think, 'Whee! Investing is easy when you know to avoid stocks and bonds and buy gold, silver and oil…'
|
news.goldseek.com >> 12 June 2008 |
Jabba the Gold
By: Richard Daughty, The MOGAMBO GURU
To get a hot chick to say, 'Take me and ravish me, you Hot Mogambo Stud (HMS)!', you can't use force like old Jabba there. And that means willful cooperation, and that means you are going to need some serious, serious money.
|
news.goldseek.com >> 11 June 2008 |
Crude Up and Kills Created Money
By: Richard Daughty, The MOGAMBO GURU
This is the Big, Big Reason (BBR) that I am now looking for a cushy job as an oil company CEO, because I would make a lot of money for doing practically nothing and apparently knowing even less. It's perfect for me!
|
news.goldseek.com >> 10 June 2008 |
The Declining Quality of Dollar Menus
By: Richard Daughty, The MOGAMBO GURU
To show you how things really work in the real world, Mr. Pento says that nobody is sacrificing profits, as 'In the case of McDonald's, it may be necessary to reduce the quantity or quality of items on the dollar menu in order to maintain the price.'"
|
news.goldseek.com >> 8 June 2008 |
Economic Lessons from Alexander Pope
By: Richard Daughty, The MOGAMBO GURU
Luckily, I had been transferring lots of money from the operating account at the bank into cash in the office safe in case of some kind of emergency. And sure enough, here's an emergency! Who says I don't know how to plan ahead? Hahaha!
|
news.goldseek.com >> 6 June 2008 |
How to Remain Calm During a Price Explosion
By: Richard Daughty, The MOGAMBO GURU
I'm barricaded in my house; there are a zillion 'Trespassers will be shot!' signs all over the yard; and I am buying gold and silver with every dime I can steal from my wife's purse or the kids' piggy banks.
|
news.goldseek.com >> 5 June 2008 |
Sounding the Government Debt Alarm
By: Richard Daughty, The MOGAMBO GURU
But that was not the only thing that was causing mayhem with the Mogambo Economic Alarm System (MEAS), as the Federal Reserve itself sold off another $11 billion of its government debt last week! Yikes!
|
news.goldseek.com >> 4 June 2008 |
Howling at the Moon
By: Richard Daughty, The MOGAMBO GURU
You invested $100 in 2002 buying power to get back, after five years, $76 in 2002 buying power! Hahaha! Your 'fabulous' investment made a paper gain, but produced a real, inflation-adjusted loss of 25% of your money! Hahaha!
|
news.goldseek.com >> 3 June 2008 |
A Paralyzing Rise in Money Supply
By: Richard Daughty, The MOGAMBO GURU
Apparently, he mistook the look of sheer, paralyzing horror on my face at this revelation of such a massive expansion of the money supply (because it will lead directly to inflation in consumer prices), to be mere confusion on my part.
|
news.goldseek.com >> 1 June 2008 |
A Worrisome Economic Understatement
By: Richard Daughty, The MOGAMBO GURU
Monetary policy is so loose that real interest rates (the nominal interest rate less the rate of inflation) are less than zero, and they think it is 'worrying'? Hahahaha! Talk about British reserve and understatement! Hahahaha! Wow!
|
news.goldseek.com >> 30 May 2008 |
The Dollar Aligned Dollar
By: Richard Daughty, The MOGAMBO GURU
And in case you want to know if the dollar is aligned with the dollar, then - Hahaha! - yes, the dollar is most certainly aligned with the dollar, and therefore, as the Economist magazine says, we well see 'the biggest price rises.'
|
news.goldseek.com >> 29 May 2008 |
Fiat Ruination
By: Richard Daughty, The MOGAMBO GURU
As the solid foundation of your True Mogambo Enlightenment (TME), you have the fact that not once in the 4,000-year history of man and money has this 'fiat money' crap NOT led to total ruination. Not once. Not even close.
|
news.goldseek.com >> 28 May 2008 |
All Sell and No Buy
By: Richard Daughty, The MOGAMBO GURU
I can see by the look of horror on your face that you have heard enough today. We'll take it up again tomorrow, or whenever I sober up after hearing this Awful, Awful News (AAN) myself. Brrr! The blood runs cold!
|
news.goldseek.com >> 27 May 2008 |
Inflationary Tortillas
By: Richard Daughty, The MOGAMBO GURU
Consumers are suffering because the stupid European governments boosted spending for a decade or more, the money financed by debt, and it is all of this spending that has made the purchasing power of the euro to fall.
|
news.goldseek.com >> 26 May 2008 |
Screwed Out of Buying Power
By: Richard Daughty, The MOGAMBO GURU
But maybe bondholders are so used to being screwed out of buying power that they don't even notice anymore. Or they are all taking drugs and don't realize that they are being screwed out of buying power.
|
news.goldseek.com >> 23 May 2008 |
Applauding the Ridiculous
By: Richard Daughty, The MOGAMBO GURU
'For 25 years, the Fed has kept inflation at an average of 3.2 per cent a year - that should be applauded'! Hahaha! You will go a Long, Long Time (LLT) long time before you hear something so ridiculous! Hahahaha! Applauded! Hahahaha!
|
news.goldseek.com >> 22 May 2008 |
Banking on Incompetence and Theft
By: Richard Daughty, The MOGAMBO GURU
I will point out that you can make an argument that the corporate motto of 'No refunds for any reason, including incompetence and theft!' is not even original, as that is the whole attitude of the banks in general and the Federal Reserve in particular: incompetence and theft!
|
news.goldseek.com >> 21 May 2008 |
Relishing a Golden Experience
By: Richard Daughty, The MOGAMBO GURU
Soon everything you love will be gone, and then you will appreciate the wry humor of the expression 'Experience is what you have left when everything else is gone.' Hahahaha!
|
news.goldseek.com >> 20 May 2008 |
'Oil Bust' Headline Makes a Good Punch Line
By: Richard Daughty, The MOGAMBO GURU
Perhaps part of the humor is that this comes at the same time as the price of gasoline went up 3 cents to another record high of an average of $3.70 a gallon. This is up 22% from this time last year! 22 percent! 22! Hahahaha!
|
news.goldseek.com >> 18 May 2008 |
The Earthling Economics Experiment
By: Richard Daughty, The MOGAMBO GURU
Why don't they do what they know they should, especially since the freaking Constitution of the United States of America requires that money be only of only silver and gold, so that a fiat currency would be impossible?
|
news.goldseek.com >> 16 May 2008 |
The Economic Sky Has Fallen
By: Richard Daughty, The MOGAMBO GURU
I naturally jump to the conclusion that this is the worst inflation in U.S. history, and that it is time to seal myself into the Impregnable Mogambo Bunker (IMB) and shoot at anything that moves because the economic sky has fallen…
|
news.goldseek.com >> 15 May 2008 |
A Shrinking Trade Deficit is Still a Deficit
By: Richard Daughty, The MOGAMBO GURU
So the total swing from a monthly surplus of $63 to a deficit of $58 billion has been a staggering $121 billion! You can probably tell by the way my eyes spin comically in my head that this is a Big Freaking Change, and it scares the hell out of me.
|
news.goldseek.com >> 13 May 2008 |
Government Approves 'Unemployed' as Job Description
By: Richard Daughty, The MOGAMBO GURU
Maybe this 'recession' thing is why the Labor Department reported that the U.S. lost another 20,000 jobs in April. In fact, the economy has shed 260,000 jobs since New Year's Day!
|
news.goldseek.com >> 11 May 2008 |
Stranger than Fictional Balance Sheets
By: Richard Daughty, The MOGAMBO GURU
I am curious as to what 'lowering assumptions' means to these S&P people, as I have recently been told by my family that they have 'lowered' their assumptions again, too, and that they now collectively assume that I have hit bottom…
|
news.goldseek.com >> 9 May 2008 |
The REAL Reason Everything Costs So Much
By: Richard Daughty, The MOGAMBO GURU
So where is that other $49 billion, if they borrowed it but did not add it to reserves? Who the hell knows? Gaaahh! My head is spinning! I cannot even understand this new corrupt crap anymore!
|
news.goldseek.com >> 8 May 2008 |
A Fear of Falling Fed Credit
By: Richard Daughty, The MOGAMBO GURU
As I was contemplating how my blood got suddenly colder, I was taking a long pull from a bottle of really cheap tequila to try and calm my ragged nerves about this lack of additional TFC thing.
|
news.goldseek.com >> 7 May 2008 |
Higher Prices for Smaller Portions
By: Richard Daughty, The MOGAMBO GURU
The result is that the price of packaged food is going up by more than the rise in the underlying commodities would suggest, which (according to government statistics) is at least 20% in the last year, and often much, much more.
|
news.goldseek.com >> 6 May 2008 |
The Magic of 'Product Substitution'
By: Richard Daughty, The MOGAMBO GURU
It is this last fraud that has been used to such success by Mogambo Inter-Planetary Industries (MIPI), by which we commit an as-yet legalized extortion by utilizing the word 'improved'.
|
news.goldseek.com >> 4 May 2008 |
Gold Price Suppression Scheme
By: Richard Daughty, The MOGAMBO GURU
And as to the notion that the Fed has sold half of our nation's gold, I think that is being generous as hell, as I see no reason why the Fed would stop at only half…
|
news.goldseek.com >> 2 May 2008 |
The Velocity of Floral Inflation
By: Richard Daughty, The MOGAMBO GURU
But after all of this, you suddenly realize that the money that was taxed away comes roaring back into the economy as government spending, making a mockery of the whole thing, and then there is inflation to consider…
|
news.goldseek.com >> 1 May 2008 |
Trainee Makes Bank Bosses Look Stupid
By: Richard Daughty, The MOGAMBO GURU
You can see how I am despondent and angry that I am the one who is wearing a stupid nametag that says 'Trainee' and getting hot grease spattered all over me, while they make the big money by being so freaking wrong!
|
news.goldseek.com >> 30 April 2008 |
At the Center of a Snowball of Debt
By: Richard Daughty, The MOGAMBO GURU
Total debt everywhere, like Old Man River, just keeps rolling along, like a snowball rolling downhill, getting bigger and bigger, which is such a strange mix of metaphors that I realize that I am completely confused and frightened.
|
news.goldseek.com >> 29 April 2008 |
Fried in the Financial Sun
By: Richard Daughty, The MOGAMBO GURU
By how much is the Libor lending rate understated? Maybe as much as 0.3%, which doesn't sound like that much, but when you are talking about trillions and trillions of pounds and euros of debt, it adds up to a lot of money!
|
news.goldseek.com >> 27 April 2008 |
Shocking the Food Right Out of Your Mouth
By: Richard Daughty, The MOGAMBO GURU
This is the basis of the new Mogambo Diet Plan (MDP), and you can see how that kind of 'kiss your own nasty butt goodbye because you are going to die' news, delivered in a constant, shrill, high-decibel voice would make you lose weight!
|
news.goldseek.com >> 25 April 2008 |
Funding the Food Price Fiasco
By: Richard Daughty, The MOGAMBO GURU
The IMF, glorying as ever in its failures, just like the Federal Reserve, now promotes the laughable idea to 'tackle' rising food prices by having donor economies give other people money to pay higher food prices! Hahaha!
|
news.goldseek.com >> 24 April 2008 |
Magical Money from Thin Air
By: Richard Daughty, The MOGAMBO GURU
This TFC-not-expanding thing is Bad, Bad News (BBN) because this is the stuff that the Federal Reserve creates at their whim, which causes credit to appear on the books of the banks, which turns into money when someone takes out a loan at a bank.
|
news.goldseek.com >> 23 April 2008 |
8 Million Golden Reasons
By: Richard Daughty, The MOGAMBO GURU
A lot of people have a lot of theories as to why gold is going down, when the theory and the entire history of economic mankind say it should be going up, and most of them are right, to one degree or another, as there are as many reasons for acting as there are actors, and there are eight million stories in the naked city.
|
news.goldseek.com >> 22 April 2008 |
Disproportionate Derivatives
By: Richard Daughty, The MOGAMBO GURU
The total value of the existing global gargantuan globular glut of derivatives is estimated to be more than $700 trillion! Compare this stupefying fact to the associated fact that global GDP is only about a lousy $50 trillion!
|
news.goldseek.com >> 20 April 2008 |
Inflation of the Third Kind
By: Richard Daughty, The MOGAMBO GURU
My God! This is all inflation news that is beyond terrible, but it seems so much less than that after the 73% rate of crude goods! But the reality is that we're freaking doomed, whether it seems like it or not!
|
news.goldseek.com >> 18 April 2008 |
Heart Attacks and Tax Codes
By: Richard Daughty, The MOGAMBO GURU
Already beset by demons of my deteriorating mental and cardiac capacity, the idea that the capital gains tax was already 5% and I hadn't even noticed had me in a panic! What else wasn't I aware of? I shuddered to think!
|
news.goldseek.com >> 17 April 2008 |
The Monetarist School of Economic Assassins
By: Richard Daughty, The Mogambo Guru
On a stand-still basis for foreign exporters, we would have to pay prices that are 20% higher for our imports, just for them to break even when converting dollars back into their native currencies! Hahaha! We pay more for things! Welcome to the hell of a falling currency!
|
news.goldseek.com >> 16 April 2008 |
Melting a Grammy for the Gold
By: Richard Daughty, The MOGAMBO GURU
I hope you have a good grip on your hat because it is going to fly up off of your freaking head when I tell you that right now the S&P500 is sporting a P/E of 21, and the freaking Dow is so overly-valued that it is selling at a P/E of 53!
|
news.goldseek.com >> 15 April 2008 |
Cursing the Loss of Purchasing Power
By: Richard Daughty, The MOGAMBO GURU
This amazing phenomenon proves either that the government's Plunge Protection Team exists and is massively operating to intervene in the markets, or that people are truly idiots. Or maybe delightful little fairies guard our dreams and protect us in life!
|
news.goldseek.com >> 13 April 2008 |
Government Spending Burns the Toast
By: Richard Daughty, The MOGAMBO GURU
This same bankrupt America is getting ready to send out $160 billion in 'economic stimulus' checks, where the government is literally giving people free money even though the government is borrowing like crazy just to keep afloat, which means that we that are truly, truly toast.
|
news.goldseek.com >> 11 April 2008 |
Not-So-Quiet Food Riots
By: Richard Daughty, The MOGAMBO GURU
And worse yet for us alcohol-besotted worthless lushes out here, heroically keeping bartenders and comely barmaids gainfully employed year around, the price of hops, an integral ingredient in beer making, has soared from $4 a pound to $40.
|
news.goldseek.com >> 10 April 2008 |
Perched on an Economic Fault Line
By: Richard Daughty, The MOGAMBO GURU
And one of the sensitive Mogambo Economic Tremor Detectors (METD) shows that the apparent slowdown in Total Fed Credit for the past few months has now been revealed as a mirage, and Federal Reserve Credit has now ballooned another $6.1 billion…
|
news.goldseek.com >> 9 April 2008 |
Trillions Embarrass a Billion-Dollar Bulwark
By: Richard Daughty, The MOGAMBO GURU
Half of the Fed's stash of government debt has been used up already! Yikes! And how big is the entire rest of the Fed's stash of government securities? A piddly $629 billion! Hahaha!
|
news.goldseek.com >> 8 April 2008 |
The Government Genie Flips a Coin
By: Richard Daughty, The MOGAMBO GURU
If you think that a negative lease rate for gold is weird… You are a winner! You have won the chance to choose between the two Mogambo Doors Of Mystery (MDOM) and claim the fabulous prize that is waiting there for you!
|
news.goldseek.com >> 6 April 2008 |
A Crude Source of Welfare
By: Richard Daughty, The MOGAMBO GURU
In short, apparently these countries need the price of oil to stay high to pay for their welfare expenses…which means that they will necessarily be raising oil prices again pretty soon…
|
news.goldseek.com >> 4 April 2008 |
Another Bar of Golden Idiots
By: Richard Daughty, The MOGAMBO GURU
Well, then, you're an idiot, Frank! A big, stupid moron! In fact, all you stupid people in this bar are stupid, because you all think that you are not going to be destroyed by the fires of an inflationary hell…
|
news.goldseek.com >> 3 April 2008 |
Insane Economic News of the Day
By: Richard Daughty, The Mogambo Guru
And as more Insane Economic News Of The Day (IENOTD), the Fed's personal stash of U.S. government debt is down another gigantic $48 billion last week! $48 billion! In one week! One freaking week!
|
news.goldseek.com >> 2 April 2008 |
Financial Humor isn't Funny
By: Richard Daughty, The MOGAMBO GURU
Mr. Dunkelberg is more direct, and says that people who depend on their little bits of interest that they make on their saved money (like the elderly) 'are being screwed by the Fed'…
|
news.goldseek.com >> 1 April 2008 |
The Voyages of the Economic Enterprise
By: Richard Daughty, The MOGAMBO GURU
Computer, research the economic history of the planet Earth and all the planets in this galaxy, and find any instance of a healthy economic boom that started after 'the biggest orgy of speculation and debt creation' the planet had ever seen!
|
news.goldseek.com >> 30 March 2008 |
Kids Go to Gold Camp
By: Richard Daughty, The MOGAMBO GURU
How in the hell can the global glut of derivatives be 37 times as big as total, global GDP? Hell, just a yield of 0.1%, a tenth of a percent, would mean that $516 billion would be needed just to annually service the debt of that $516 trillion! Hahahaha!
|
news.goldseek.com >> 28 March 2008 |
The Great Silver Sell Out Caper
By: Richard Daughty, The MOGAMBO GURU
I know that you think it is such a bargain that you cannot resist, and so I urge you to hurry, hurry, hurry to the Mogambo Silver Storage Service (MSSS), where our motto is, 'Send us the money, then we'll talk.'
|
news.goldseek.com >> 27 March 2008 |
Ingesting the Polluted Ocean of Commerce
By: Richard Daughty, The MOGAMBO GURU
Now get this: Total reserves are $43 billion (about the same as it has been for more than a decade!), and out of that total, $17 billion of it is borrowed from the Fed! Hahahaha! We are so freaking doomed!
|
news.goldseek.com >> 26 March 2008 |
Inflationary Economy Causes Massive Coronary
By: Richard Daughty, The MOGAMBO GURU
I am frantically pantomiming 'dialing the telephone' with the little mobility I have in my right arm, trying to get someone to call 911 to get me a little medical attention, and maybe save my life from the heart attack caused by such terrible news about inflation.
|
news.goldseek.com >> 25 March 2008 |
Risk Management Addiction
By: Richard Daughty, The MOGAMBO GURU
I sat the kids down and told them that gambling with every dime I can squeeze out of anything is not 'gambling' anymore; it is 'risk management', and it is now obvious that I am a modern kind of guy seeking to "maximize risk-adjusted rates of return'!
|
news.goldseek.com >> 23 March 2008 |
Sadly Repeating Economic Stupidity
By: Richard Daughty, The MOGAMBO GURU
And even if you COULD pay off everyone's debts, to have another boom with the existing structure left intact would require the same degree of economic stupidity all over again! And nobody is that stupid. Are they?
|
news.goldseek.com >> 20 March 2008 |
A Bunch of Government Gobbledy-Gook
By: Richard Daughty, The MOGAMBO GURU
I am happy to report that Mr. Williams kindly does respond to requests from subscribers, and is now introducing the SGS-Alternate Unemployment Rate, which sounds like a bunch of government gobbledy-gook, which it actually is…
|
news.goldseek.com >> 19 March 2008 |
Stepping Up the Spending Surveillance
By: Richard Daughty, The MOGAMBO GURU
I note with alarm that with the index at 1293, everybody who bought the stocks of this index since the third quarter of 2006 has lost money! Hahaha! Nice investing, dudes!
|
news.goldseek.com >> 18 March 2008 |
Borrowing to Get a Better Bargain
By: Richard Daughty, The MOGAMBO GURU
And what percent of each class felt like they were so far in debt that 'they will never be able to get out'? Oops! Low income: 25 percent. Middle income: 14 percent. Upper income: 10 percent!
|
news.goldseek.com >> 16 March 2008 |
Bad News for Tax Revenues
By: Richard Daughty, The MOGAMBO GURU
Losses on this kind of scale are the worst kind of bad news for tax revenues and those governments and recipients who depend on tax revenues, which rhymes so well that I am going to turn it into a Mogambo Hit Song (MHS)…
|
news.goldseek.com >> 14 March 2008 |
The Dinosaur Gold-Standard Economy
By: Richard Daughty, The MOGAMBO GURU
The dinosaurs had a monetary system based on gold, which explains why the historical record shows absolutely no inflation in prices during the entire Jurassic period, and anyone who says otherwise is a lying bag of crap.
|
news.goldseek.com >> 13 March 2008 |
In Phony-Baloney Money We Trust?
By: Richard Daughty, The MOGAMBO GURU
And the good news is that CD buyers are looking downright intelligent compared to the morons buying two-year notes, which have been bid up so high that they are nominally yielding less than 1.5%!
|
news.goldseek.com >> 12 March 2008 |
Golden Lifeboats Flee the Titanic
By: Richard Daughty, The MOGAMBO GURU
Gold is essentially a rock! So why is it so valuable? Why do people always turn to gold at the end? The answer is that there is nothing else to take its place as a store of wealth that does not rot, corrode or disappear…
|
news.goldseek.com >> 11 March 2008 |
Bernanke Gets it Backwards
By: Richard Daughty, The MOGAMBO GURU
The rise in retail prices is caused by…the Federal Reserve creating excessive amounts of money and credit. High prices, therefore, are the RESULT of the ridiculous excesses of the Federal Reserve, not the cause.
|
news.goldseek.com >> 9 March 2008 |
An Apple a Day Will Kill You
By: Richard Daughty, The MOGAMBO GURU
An apple a day may keep the doctor away, as the saying goes, but you had better not say that anymore, either, because Big Pharma has yet to invent a drug that emulates apples, either!
|
news.goldseek.com >> 7 March 2008 |
"It Makes Your Money Worthless - Guaranteed!"
By: Richard Daughty, The MOGAMBO GURU
There is no known example, in the history of the world, where a fiat currency was debased in a wild fractional-reserve multiplication by the greedy banks that did NOT end badly. And 100% of the time is as close as you can get to 'guaranteed'.
|
news.goldseek.com >> 6 March 2008 |
Drunk With Absolute Purchasing Power
By: Richard Daughty, The MOGAMBO GURU
So if people could buy oil with gold, the price would have been unchanged for 60 years! Wow! Now you see the beauty of gold as money; prices never change! Your purchasing power is absolute!
|
news.goldseek.com >> 5 March 2008 |
Gold Explosion in a Precious Metal Mine Field
By: Richard Daughty, The MOGAMBO GURU
With an M3 money supply of about $12 trillion, this means that if gold rose to $46,153.00 per ounce, the entire money supply could be 100% backed by gold! We'd get back to the gold standard required by the Constitution!
|
news.goldseek.com >> 4 March 2008 |
A World Without Demand
By: Richard Daughty, The MOGAMBO GURU
Oops! Without demand, supply overwhelms supply, and prices plummet, and without new derivative sales to finance the existing clot of derivatives, things go from bad to worse!
|
news.goldseek.com >> 2 March 2008 |
The Inevitable Doom of Inflation Targeting
By: Richard Daughty, The MOGAMBO GURU
But price increases of such magnitude that they have never been seen before? And in the food business, which means that prices for food will rise faster (and probably higher) than at any time in history? Yikes!
|
news.goldseek.com >> 29 February 2008 |
Heads I Win, Tails I Break Even
By: Richard Daughty, The MOGAMBO GURU
And the borrowers just saw a chance to benefit by the bank's stupidity, and they borrowed the money on the 'heads I win, tails I break even' chance that they could later sell at a profit or walk away.
|
news.goldseek.com >> 28 February 2008 |
TFC Goes Down on the Upside
By: Richard Daughty, The MOGAMBO GURU
But if TFC was plotted out on this mysterious logarithmic paper, the line on the graph would be sloping down, even though the line on the familiar linear graph of TFC would still be going up!
|
news.goldseek.com >> 27 February 2008 |
The Euro Only Commits Misdemeanors
By: Richard Daughty, The MOGAMBO GURU
'Only' 15.6% inflation in prices! It's like your stupid children getting arrested, and they brag all the way home about how they haven't ever been charged with a felony, only misdemeanors, while their friends have all done hard time!
|
news.goldseek.com >> 26 February 2008 |
Nearly Perfect Data
By: Richard Daughty, The MOGAMBO GURU
And for a little perspective, that $3.594 trillion in additional debt means that, at even 5% interest, the government is now paying out $180 billion a year, just in the additional interest payments on just this additional debt…
|
news.goldseek.com >> 24 February 2008 |
Economic Miseries Measured by the Second
By: Richard Daughty, The MOGAMBO GURU
And if you wonder exactly what I mean by 'doomed', I will demonstrate by telling you that the video I am offering you is priced $499.99 today, but it will be $699.99 next year. You figure it out.
|
news.goldseek.com >> 22 February 2008 |
401-Keg Plan Matures in Britain
By: Richard Daughty, The MOGAMBO GURU
Then I recall that the average retirement plan in America, like a 401(k), has somewhere between $25,000 and $60,000 in it, and I wonder how long that would last if one lousy chicken cost $15 million. Hahahaha!
|
news.goldseek.com >> 21 February 2008 |
Learning How to Spell "Inflationary Depression"
By: Richard Daughty, The MOGAMBO GURU
Of course, now that actual reserves in the banks are (unbelievably) no longer required, financial corruption in the banks has now reached its zenith, as the banks are now totally free to create as much money as Ben Bernanke will let them…
|
news.goldseek.com >> 20 February 2008 |
"Everybody Hurts" - Inflation's Theme Song
By: Richard Daughty, The MOGAMBO GURU
Mr. Sprott says that such a ridiculous scheme, "will inevitably fail due to an acute shortage of physical gold stemming from exploding investment demand, shrinking mine supply and diminishing western central-bank reserves", and that, "As a result, somebody is going to take a terrible hosing on the short side of the market. The antidote to the upcoming financial debacle is to own as much physical gold as you can procure."
|
news.goldseek.com >> 19 February 2008 |
The Happy Mogambo Retirement Fund
By: Richard Daughty, The MOGAMBO GURU
They only want to talk about how they found out that the 0.5% deduction in their paychecks for HMRF is actually the Happy Mogambo Retirement Fund (HMRF), which means that I am taking money out of their paychecks for my own use.
|
news.goldseek.com >> 18 February 2008 |
The Deadly Quicksand of Deficit Spending
By: Richard Daughty, The MOGAMBO GURU
It is then that the movie turns into a farce, as Ms. Pelosi is crying out, 'Quick! Give him some more money!' Hahahaha! Nice work, Ms. Pelosi! Groucho Marx would have been proud of us both!
|
news.goldseek.com >> 15 February 2008 |
Prehistoric Problems With Fiat Currency
By: Richard Daughty, The MOGAMBO GURU
And it is made absolutely terrifying when you learn that all of the money that has been lost is, amazingly, borrowed and is still owed! Hahaha! This is the downside of having an economic system where debt creates money! Hahaha!
|
news.goldseek.com >> 14 February 2008 |
Saddled By Electronic Pixie Dust
By: Richard Daughty, The MOGAMBO GURU
And it doesn't take a real genius to see that higher costs for producers means they will have to charge higher prices, which means that when Brits buy something from now on, they will pay higher prices.
|
news.goldseek.com >> 12 February 2008 |
Oil Crisis Rush Hour
By: Richard Daughty, The MOGAMBO GURU
The dollar going down in purchasing power, which is the same as an increase in prices, has cost them 13% in one year, all thanks to the despicable Federal Reserve creating all that money and credit, so that the government could borrow it and spend it…
|
news.goldseek.com >> 10 February 2008 |
Enough of this Economic Claptrap
By: Richard Daughty, The MOGAMBO GURU
Enough of this econometric claptrap crap! Lowering interest rates may send the stock of Mogambo Global Enterprises up, but the management (me) is still the same stupid embezzling halfwit who continually has us on the brink of disaster!
|
news.goldseek.com >> 8 February 2008 |
The Fresh But Ephemeral Hell of the U.S. Economy
By: Richard Daughty, The MOGAMBO GURU
Not only have bank reserves not gone up in 10 years by so much as a dime, but the Treasury bonds that the Fed bought, by creating the money to buy them, are also disappearing! As Dorothy Parker so famously said, 'What fresh hell is this?'
|
news.goldseek.com >> 7 February 2008 |
The Mogambo 'Big Budget' Movie Review
By: Richard Daughty, The MOGAMBO GURU
Well, he couldn't be more right about us spending ourselves to death, as the national debt is actually $9.1 trillion, already grown by $500 billion since he was interviewed for a movie so new that it just premiered! Hahaha!
|
news.goldseek.com >> 6 February 2008 |
Golden Prices from Decreased Production
By: Richard Daughty, The MOGAMBO GURU
Ergo, the price of gold must equilibrate lower supply versus higher demand at a higher price! To those who own gold, or plan to own gold before things get kicked into high gear, this means, 'Wheee!…'
|
news.goldseek.com >> 5 February 2008 |
Freaking Doomed by Doubling Power
By: Richard Daughty, The MOGAMBO GURU
Hoping that they were wrong, because this rate of inflation would be horrendous, I went to Mr. William's ShadowStats.com to find, sure enough, that inflation has taken a sudden spike to 12%, with no sign of stopping! Yikes!
|
news.goldseek.com >> 3 February 2008 |
A Million Millions
By: Richard Daughty, The MOGAMBO GURU
The shock of the exclamation points, coupled with the revelation that the total losses are going to be at least 10 times as big as estimates project, temporarily revived me by jolting me into a Mindless Mogambo Episode Of Anger And Outrage (MMEOAAO)…
|
news.goldseek.com >> 1 February 2008 |
Candy Vs. Currency: A Debate on Value
By: Richard Daughty, The MOGAMBO GURU
Hershey, 'the world's largest candy maker', has to raise its prices on a third of its chocolate candy by 13% because of the soaring prices of energy, milk and cocoa. And they are going to raise prices by 3% over Hershey's entire U.S. product line!
|
news.goldseek.com >> 31 January 2008 |
The Tragic Tale of the Last Fool in Line
By: Richard Daughty, The MOGAMBO GURU
And the last guy, who may be otherwise known as the Last Fool In Line who bought at the exact top at the exact highest price, still has to find somebody to sell to at a profit, or the system goes into loss mode.