LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Inflation Explosions in a Financial Action Film

By: Richard Daughty, The Mogambo Guru - The Daily Reckoning


-- Posted Tuesday, 16 March 2010 | Digg This ArticleDigg It! | | Source: GoldSeek.com

There was an interesting item in The 5- Minute Forecast which read, “Within 12 years, the largest item in the federal budget will be interest payments on the national debt,” which is pretty scary for guys like you and me, especially if you are, like me, a paranoid, frightened and angry little man who sees nothing but complete catastrophe looming up, rising up out of the mists like a fearful Gorgon to turn you to stone, because the federal government is borrowing and spending too, too, too much money, all of which is supplied by the Federal Reserve which is creating too, too, too much money and credit, which is horrifying because such massive inflation in the money supply will, by necessity, destroy everything with ruinous inflation in prices because, unfortunately, that’s the way it works.

This simple fact has given me the idea to make some Award-Winning films (“Worthless trash!” says The Chicago Sun) using the plots (but without paying for them) of some scenes from Sylvester Stallone movies, such as John Rambo bursting up out of the water with that snarl on his lips and an AK-47 in each hand, who immediately starts blasting away, the whole scene shot in slow-motion, Rambo blowing the hell out of everything in a cacophonous hail of fiery gunfire and spent cartridge shells, things catching on fire, things exploding, bodies flying through the air, people screaming, and it is all one (pause for breath) one hell of a mess.

That’s inflation for you! Okay, maybe except for the part about real bullets, and things catching on fire, and things exploding, and bodies of people flying through the air, but it is exactly true of people screaming and it is (again pause for breath) one hell of a mess.

Now, think again about adding to your home video library your own copy of a terrific action flick of Rambo jumping up and shooting bad guys and everything to smithereens, only re-cast Rambo with the Federal Reserve, change his weapons into Fed Credit that have infinite dollars as “bullets”, and change “bad guys” into you as the “smithereens.”

Not interested? How about if I add in a few long, long scenes of pretty, scantily-clad ladies prancing around for no particular reason, a short exciting car chase ending with a crash, and some more scantily-clad ladies (but different from the first ones)? Are we suddenly talking box-office gold? Whee!

But this is not about a hypothetical career change, going from angry and paranoid hothead cowering in some stinking bunker and writing Stupid Mogambo Crap (SMC) about fiscal and monetary policy and the idiots who are screwing it up, to blossom into a Famous Hollywood Producer (FHP) and infamous starlet-interviewer, but about inflation in prices, and why it is so bad, and I’ll venture a guess that this “inflation in the money supply causes inflation in prices” is lurking somewhere behind the new Labor Department news release that wholesale prices jumped 1.4% in January, the JOC-ECRI Industrial Price Index jumped 2.5% in One Freaking Month (OFM), and is now 78.17% higher than this time 12 short months ago! Yikes!

The mind screams, “We are freaking doomed!” and if you are like me, your throat clenched in primal fear, also screams, “We’re freaking doomed!” And if you are, again, like me, people turn around and yell at you for your timely warning, saying things like, “Shut up! We’re trying to get some work done here, you moron!” and, “Everybody shut up! I’m on the phone here, you idiots!” and then there is a big brouhaha and everyone is shouting, “You shut up! Who are you calling an idiot! You’re the idiot!” and, “You talking to me? You calling me an idiot, you moron?” back and forth and back and forth.

So I know what you are going through, but at least you know that you should put your money into gold, silver and oil, and thus you can just smile to yourself knowing that, one day soon enough, these morons are going to be busted out by the inflation in prices that will come from the inflation in the money supply that came from the Federal Reserve creating the money so that the government can borrow the money and spend the money, and that the inflation will ruin them utterly, although you will probably never learn of it out on your yacht, or at the country club.

The pleasure will come from the money, and the money will come from investing in gold, silver and oil, with the secret pleasure of Schadenfreude thrown in free!


-- Posted Tuesday, 16 March 2010 | Digg This Article | Source: GoldSeek.com


Visit The Daily Reckoning's website.



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.