How things must be getting crazy in the world of naked-short paper gold and naked-short paper silver on the commodity exchanges, as the recent rises in the prices of gold and silver must have caused every one of these slimy naked-short crooks to lose money.
October 1st, 2010 | Mogambo Guru | 0 comments | ContinuedArchive for Mogambo Guru
Richard Daughty is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the editor of The Mogambo Guru economic newsletter - an avocational exercise to heap disrespect on those who desperately deserve it.
No Secret to Gold Investing. Just Accumulate.
Since I am known as something of a gold bug, a lot of people write to me about gold, but since I am a paranoid lunatic, I don’t read their letters, mostly because I now call myself Marvelous Macho Grande (MMG), figuring that an established alias could potentially come in handy when the prices of gold, silver and oil…
September 2nd, 2010 | Mogambo Guru | 3 comments | Continued
Guarding Your Money from Government Onslaughts
Grandfather-economic-report.com is famous for presenting whole constellations, in graphic form, of horrors about the mess that fiat money and government, in the hands of incompetent do-gooders, has allowed…
June 1st, 2010 | Mogambo Guru | 1 comment | Continued
Fearing the Elimination of Reserve Requirements
“But now it turns out that Federal Reserve Chairman Ben Bernanke wants to completely eliminate minimum reserve requirements, which he says ‘impose costs and distortions on the banking system’.” Hahahahahaork!
April 15th, 2010 | Mogambo Guru | 6 comments | Continued
Federal Reserve Literally Killing Our Money
As much as I scream in Loud Mogambo Outrage (LMO) about the sheer amount of money that is being created that will create horrendous inflation in prices, using whatever data that I can easily get my hands on…
March 31st, 2010 | Mogambo Guru | 2 comments | Continued
Bullish On Silver
Well, maybe not all buying is drying up, as silver market analyst, Ted Butler, reports that in the last 10 months, “some 150 million ounces of silver can easily be documented to have been bought by investors.
October 6th, 2009 | Mogambo Guru | 2 comments | Continued
An Abundance of New Money that Will Destroy the Dollar’s Buying Power
The importance is dependent on your perspective. Those people who are not borrowing money to spend are thus suffering the pangs of a lowering of their lifestyle, which depended on borrowing money to spend;
September 29th, 2009 | Mogambo Guru | 1 comment | Continued
Silver and its Large Short Position
So I was very interested when Ed Steer’s Gold and Silver Daily reports says that the commodity futures market report shows that bullion banks’ “silver net short position now stands at 213.6 million ounces…
September 22nd, 2009 | Mogambo Guru | 42 comments | Continued
Cash for Clunkers Cars
This is a subject which is very interesting to me because I happen to be a guy who owned a whole series of clunker cars and trucks over the years because I couldn’t justify the expense of a new vehicle/a good vehicle/a better vehicle/a vehicle…
September 8th, 2009 | Mogambo Guru | 4 comments | Continued
The Destruction of the Dollar by the Federal Reserve
Then, on the “quiet 23rd of December in 1913″, J.P. Morgan and buddies got Congressional quislings to pass legislation authorizing the creation of the Federal Reserve, and to which I add that the jerk Woodrow Wilson then signed it…
September 1st, 2009 | Mogambo Guru | 1 comment | Continued
Even Unemployed Have Stake in Bull Run of Stock Markets
My skin went clammy and cold when I read that over 140,000 people suddenly disappeared from the “continuing claims” rolls of those receiving unemployment checks at the same time as we see rising unemployment.
August 25th, 2009 | Mogambo Guru | 2 comments | Continued
Paul Krugman Advised the Bank of Japan to Purposely Cause Inflation
So I told him, “I like it fine, except I wanted lobster! Rich, flakey lobster to dip into real melted butter so wickedly delicious that you can actually hear your arteries hardening from just looking at it; but I can’t order lobster because inflation in prices…
August 18th, 2009 | Mogambo Guru | 4 comments | Continued
Central Bank Creates Excessive Amounts of Money to Expand Government Spending
But this is not about any of that, but about the way that the government has now “changed the way it accounts for natural disasters, such as Hurricane Katrina,” which ought to make you suspicious, especially as it was done for “eliminating much of the prior volatility in income calculations”, whatever in the hell that means.
August 11th, 2009 | Mogambo Guru | 0 comments | Continued
Nixon and Exchanging Dollars for Gold
Then Nixon said, “No more exchanging stupid paper dollars for real gold!” The reason Nixon was forced to act like a lying, thieving little creep is partly because he WAS a lying, thieving little creep, but mostly because he mirrored America perfectly since Congress allowed it…
August 4th, 2009 | Mogambo Guru | 5 comments | Continued
Modern Economic Theory
The Economist magazine, also predictably and inevitably, does not comment on this Gem Of Mogambo Economic Wisdom (GOMEW), which is to buy gold, silver and oil on the advice of the last 4,500 continuous years of the world’s economic history…
July 28th, 2009 | Mogambo Guru | 3 comments | Continued
