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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.

  • Fed Up With Total Fed Credit

    Published 02 October 2008 | viewed 3,959 times

    "My voice trembles as I read aloud that now, for the first time ever, the Fed has created over a trillion dollars' worth of new…

  • Inflation In-Stereo

    Published 30 September 2008 | viewed 5,438 times

    "The next thing I know, my stupid boss is at my door, glaring at me, and I can see in her eyes that she is…

  • Cower Before the Great and Powerful Paulson

    Published 25 September 2008 | viewed 3,500 times

    "My God! This is beyond belief! The Secretary of the Treasury will be above the law! My God! I was going to wax loudly indignant,…

  • What is a Gold Bug?

    Published 23 September 2008 | viewed 6,448 times

    "A genuine gold bug is a person who is emboldened by knowing that 4,000 years of continuous economic history proves that EVERY fiat currency has…

  • Funding Your Retirement on Poor Pizza Profits

    Published 18 September 2008 | viewed 3,377 times

    "Ten years ago, the average investor invested a whole 6-slice pizza, and now, ten years later, they have as little as one slice of a…

  • Topsy Turvy Government Policy

    Published 16 September 2008 | viewed 3,939 times

    "Drawing myself up in a posture of overbearing arrogance born of what appears to be some kind of natural law or something, I point out…

  • Stupidity Protection Plan

    Published 12 September 2008 | viewed 4,134 times

    "Man, oh man! 'Nothing is off the table'! Wow! How come I never have anyone covering my Mogambo Incompetent Butt (MIB) like that, saying, 'Let's…

  • Robbing the Poor of Jeffersonian Wisdom

    Published 10 September 2008 | viewed 3,995 times

    "Because the government (in our case, through its proxy the Federal Reserve) creates excessive amounts of money and credit...the poor must consume less, and the…

  • Pride in Acting Like a Pawnshop

    Published 04 September 2008 | viewed 3,271 times

    "And while I have never, to my knowledge, recommended that people 'act like pawnshops', I will note that they are accumulating gold, and so the…

  • Intaxicating Rebate Checks

    Published 28 August 2008 | viewed 1,155 times

    "The worst inflation in consumer prices is, in case you were wondering, in Venezuela, suffering a terrifying 33.7% inflation, followed by Pakistan at 24.3%, with…

  • Retirement Wake-Up Call

    Published 26 August 2008 | viewed 3,828 times

    "Perhaps this loss in housing equity is why an AARP survey that found increasing numbers of people who are eligible for retirement are, instead, continuing…

  • Double-Count Accounting Magic

    Published 21 August 2008 | viewed 4,200 times

    "The bad news is that their money is all gone, but the good news is that I have effectively doubled our family income if one…

  • The Profit Potential of Tasty Pork Products

    Published 19 August 2008 | viewed 2,372 times

    "I think there's a Big, Big, BIG Freaking Opportunity (BBBFO) for America and Canada to export pork to China! As one hog-industry observer put it,…

  • Gold and the Out of Whack Economy

    Published 14 August 2008 | viewed 4,344 times

    "In case you were wondering, China actually kicked our American butt a long time ago, as China 'surpassed the United States as the world's second…

  • The U.S. Dollar on Roman Steroids

    Published 12 August 2008 | viewed 3,977 times

    "The modest decline corresponded with Rome's rise to become an empire. From the original 66 grains of silver, the value had only declined 10% to…

  • Fractional-Reserve Banking at its Finest

    Published 07 August 2008 | viewed 2,952 times

    "TFC is what gets created with the literal push of a button at the Fed, and then deposited into the banks (or into the Fed…

  • Nowhere to Hide from Inflation

    Published 05 August 2008 | viewed 3,324 times

    "Well, as far as I can tell, diving back into my dark little cubbyhole in renewed fear, the economy is already in shambles because of…

  • Betrayed by the Village Idiot

    Published 01 August 2008 | viewed 4,157 times

    "I say that the lesson to be learned here is that we have been betrayed by Congress, again and again, as it screws up everything…

  • Confessions of a Silver Optimist

    Published 29 July 2008 | viewed 4,164 times

    "The historical high for silver was set 531 years ago...at a princely $806 an ounce. By comparison, the price of silver less than $19 an…

  • Mr. Foreign Investor's Neighborhood

    Published 25 July 2008 | viewed 3,262 times

    "Perhaps the reason that Treasury Secretary Paulson wants to bail out Government Sponsored Entities (GSEs) like Fannie Mae and Freddy Mac is because of who…