"No warning can save people determined to grow suddently rich" - Lord Overstone

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The Mogambo Guru

The Mogambo Guru

Contributor since: 26 Feb 2010


Richard Daughty (Mogambo Guru) is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter, an avocational exercise to better heap disrespect on those who desperately deserve it. The Mogambo Guru is quoted frequently in Barron's, The Daily Reckoning, and other fine publications.

  • Awaiting the 'Zero Hour' of Available Credit

    Published 15 April 2011 | viewed 0 times

    I watch expectantly as the national debt again nears the debt limit, and Zero Hour is just a few weeks away, a term I cleverly…

  • Living Well on Gold and Silver

    Published 12 April 2011 | viewed 0 times

    Naturally, I bristle at people ignoring me except to say hurtful things, like, "Eww! Gross! Eat with your mouth closed!" and who then turn right…

  • When the Government Should Do Nothing

    Published 01 April 2011 | viewed 0 times

    Gary North in his Reality Check newsletter penned the essay 'Gold vs. Guns and Badges,' wherein he notes that 'There are only two conceptual options…

  • Buying Silver and Avoiding the Sharks

    Published 30 March 2011 | viewed 0 times

    I keep pounding, pounding, pounding the table that silver is the biggest bargain out there, for, at last count, a jillion reasons, and that anybody…

  • Salivating at the Upside Potential of the Gold Market

    Published 26 March 2011 | viewed 0 times

    Not long ago, as I recall, a pension fund in some foreign country, one of those Scandinavian ones I think, was ordered to invest no…

  • Gold and Silver: Head and Shoulders Above the Market

    Published 22 March 2011 | viewed 0 times

    I admit that I am pretty lazy, and I don't do a lot of technical analysis of markets and/or prices, but I do some charting…

  • A Monetary Policy that Encourages Malinvestment

    Published 17 March 2011 | viewed 0 times

    Thorsten Polleit, of the Frankfurt School of Finance & Management, penned an article in The Free Market newsletter of the Ludwig von Mises Institute titled…

  • The Quantifiable Problem With Private Sector Salaries

    Published 16 March 2011 | viewed 0 times

    I was particularly interested in this week's ubiquitous newspaper insert, Parade magazine, as its cover featured the interesting article "What People Earn. Our Annual Salary…

  • The Probability of More Quantitative Easing

    Published 11 March 2011 | viewed 0 times

    It would be an understatement to say that I was flabbergasted to see that the monetary base jumped $130 billion dollars in two weeks! Well,…

  • Underestimating Lots of Money

    Published 08 March 2011 | viewed 0 times

    According to Harper's Index, the "estimated value of Chinese household income that goes unreported is $1.4 trillion." To put it in perspective, the follow-up item…

  • Printing Enough Money to Buy the World's Silver

    Published 01 March 2011 | viewed 0 times

    I thought I had heard all the good arguments to buy silver, mostly from me asking myself two important questions. First, "Why am I not…

  • Food Price Inflation Calculator

    Published 24 February 2011 | viewed 0 times

    Mark Thornton of the Mises Institute writes, "The price of everything seems to have skyrocketed. Only housing, the dollar and inflation-adjusted income are negative." I…

  • Sustainable Shortfalls on Unsustainable Debt

    Published 23 February 2011 | viewed 0 times

    From the Economic Collapse Blog, an essay I found at LewRockwell.com, we learn the horrifying news that the United States Census Bureau has, for some…

  • Calculating the Misery of Inflation

    Published 17 February 2011 | viewed 0 times

    I was, unfortunately, sober enough to realize that I needed to get a lot drunker if I was going to withstand the horror of reading…

  • Why Increasing Bank Credit Can Only End in Catastrophe

    Published 15 February 2011 | viewed 0 times

    I have to admit that I was stunned that Fed Credit (the magical fairy dust from which money appears out of thin air) two weeks…

  • Decoding the Truth About Inflation

    Published 10 February 2011 | viewed 0 times

    Proving once again that investing in fixed-yield bonds when the foul, filthy Federal Reserve is creating so much money (so that their governments can deficit-spend…

  • Anticipating a Budget Deficit

    Published 03 February 2011 | viewed 0 times

    I am constantly amazed at the number of people who think that a budget deficit is the same thing as the total federal deficit, which…

  • Indications of the Broadest Measure of Money Supply

    Published 02 February 2011 | viewed 0 times

    The Gold Report interviewed John Williams of ShadowStats.com, who said, "I continue to track M3, the Fed's broadest measure of the money supply until it…

  • Inflation to Help the Less Fortunate?

    Published 27 January 2011 | viewed 0 times

    I almost didn't read the essay by Gary Gibson, the managing editor of the Whiskey & Gunpowder newsletter, because he was talking about Paul Krugman,…

  • New World Order: Food Price Inflation; House Price Deflation

    Published 26 January 2011 | viewed 0 times

    You can tell by my bleary, bloodshot eyes, my rumpled appearance, my musky aromas and my overtly hostile attitude that I have been holed up…