Comments on: Lying Heads of the United States Congressional Budget Office http://www.dailyreckoning.com.au/united-states-congressional-budget-office-2/2008/09/23/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Wendell http://www.dailyreckoning.com.au/united-states-congressional-budget-office-2/2008/09/23/comment-page-1/#comment-43161 Wendell Fri, 26 Sep 2008 20:13:25 +0000 http://www.dailyreckoning.com.au/?p=3780#comment-43161 I saw a talking head appear on CNBC a half hour ago say that Commodities (except gold) were a good buy right now. Basically the talking head said we are not in an inflationary environment… yes I heard it right… I just cleaned out the wax in my ears prior to that comment. What I want to say is that I believe the Mogambo Guru (MG) when he says increased money supply ultimately increases inflation. Now, let’s pretend it is a few months (or year(s) in the future) and the market started to acknowledge MG’s inflation, could all commodities (oil, gas, industrial metals) increase in price while gold and/or silver did not? Do you think it is possible that the banking gods will continue to suppress gold’s/silver’s value and divert it to increase the prices of the stuff that I cannot carry around in my jeans? I saw a talking head appear on CNBC a half hour ago say that Commodities (except gold) were a good buy right now. Basically the talking head said we are not in an inflationary environment… yes I heard it right… I just cleaned out the wax in my ears prior to that comment.

What I want to say is that I believe the Mogambo Guru (MG) when he says increased money supply ultimately increases inflation.

Now, let’s pretend it is a few months (or year(s) in the future) and the market started to acknowledge MG’s inflation, could all commodities (oil, gas, industrial metals) increase in price while gold and/or silver did not?

Do you think it is possible that the banking gods will continue to suppress gold’s/silver’s value and divert it to increase the prices of the stuff that I cannot carry around in my jeans?

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