Gold •98 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 969.60 | +12.30 | +1.28% | |
WTI Crude •10 mins | 73.81 | +0.57 | +0.78% | |
Gasoline •10 mins | 2.084 | +0.018 | +0.86% | |
Ethanol •98 days | 2.161 | +0.000 | +0.00% | |
Silver •98 days | 30.82 | +1.16 | +3.92% |
Silver • 98 days | 30.82 | +1.16 | +3.92% | ||
Copper • 98 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 77.12 | +0.54 | +0.71% | ||
Natural Gas • 10 mins | 2.643 | -0.017 | -0.64% | ||
Heating Oil • 11 mins | 2.291 | +0.014 | +0.60% |
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.
"I hope you have a good grip on your hat because it is going to fly up off of your freaking head when I tell…
"This same bankrupt America is getting ready to send out $160 billion in 'economic stimulus' checks, where the government is literally giving people free money…
"Half of the Fed's stash of government debt has been used up already! Yikes! And how big is the entire rest of the Fed's stash…
"Mr. Dunkelberg is more direct, and says that people who depend on their little bits of interest that they make on their saved money (like…
"Now get this: Total reserves are $43 billion (about the same as it has been for more than a decade!), and out of that total,…
"I am frantically pantomiming 'dialing the telephone' with the little mobility I have in my right arm, trying to get someone to call 911 to…
"I note with alarm that with the index at 1293, everybody who bought the stocks of this index since the third quarter of 2006 has…
"The dinosaurs had a monetary system based on gold, which explains why the historical record shows absolutely no inflation in prices during the entire Jurassic…
"The rise in retail prices is caused by...the Federal Reserve creating excessive amounts of money and credit. High prices, therefore, are the RESULT of the…
"An apple a day may keep the doctor away, as the saying goes, but you had better not say that anymore, either, because Big Pharma…
"With an M3 money supply of about $12 trillion, this means that if gold rose to $46,153.00 per ounce, the entire money supply could be…
"And the borrowers just saw a chance to benefit by the bank's stupidity, and they borrowed the money on the 'heads I win, tails I…
"'Only' 15.6% inflation in prices! It's like your stupid children getting arrested, and they brag all the way home about how they haven't ever been…
"Then I recall that the average retirement plan in America, like a 401(k), has somewhere between $25,000 and $60,000 in it, and I wonder how…
"The apparently salubrious result is that the money is created out of thin air, and nobody has so much as a dime taken away from…
"And it is made absolutely terrifying when you learn that all of the money that has been lost is, amazingly, borrowed and is still owed!…
"For me, its all about the money and how all of this spending will be accomplished by a brain-dead Federal Reserve creating the money out…
"Not only have bank reserves not gone up in 10 years by so much as a dime, but the Treasury bonds that the Fed bought,…
"Ergo, the price of gold must equilibrate lower supply versus higher demand at a higher price! To those who own gold, or plan to own…
"And, worse, the Lagging Indicator has been outdistancing both the Leading and Coincident indicators for months and months, too, indicating that costs are going up.…