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The Mogambo Guru

The Mogambo Guru

Contributor since: 26 Feb 2010

Biography

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.

  • Melting a Grammy for the Gold

    Published 15 April 2008 | viewed 3,287 times

    "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…

  • Government Spending Burns the Toast

    Published 11 April 2008 | viewed 3,575 times

    "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…

  • Trillions Embarrass a Billion-Dollar Bulwark

    Published 08 April 2008 | viewed 3,569 times

    "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…

  • Financial Humor isn't Funny

    Published 02 April 2008 | viewed 3,298 times

    "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…

  • Ingesting the Polluted Ocean of Commerce

    Published 27 March 2008 | viewed 2,922 times

    "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,…

  • Inflationary Economy Causes Massive Coronary

    Published 26 March 2008 | viewed 3,993 times

    "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…

  • Stepping Up the Spending Surveillance

    Published 18 March 2008 | viewed 3,475 times

    "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 Dinosaur Gold-Standard Economy

    Published 13 March 2008 | viewed 3,713 times

    "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…

  • Bernanke Gets it Backwards

    Published 11 March 2008 | viewed 4,602 times

    "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 Will Kill You

    Published 07 March 2008 | viewed 4,503 times

    "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…

  • Gold Explosion in a Precious Metal Mine Field

    Published 05 March 2008 | viewed 4,412 times

    "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…

  • Heads I Win, Tails I Break Even

    Published 29 February 2008 | viewed 3,422 times

    "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…

  • The Euro Only Commits Misdemeanors

    Published 27 February 2008 | viewed 6,014 times

    "'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…

  • 401-Keg Plan Matures in Britain

    Published 21 February 2008 | viewed 4,166 times

    "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…

  • "Everybody Hurts" - Inflations Theme Song

    Published 19 February 2008 | viewed 6,082 times

    "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…

  • Prehistoric Problems With Fiat Currency

    Published 15 February 2008 | viewed 3,279 times

    "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!…

  • Trillion Dollar Bush

    Published 13 February 2008 | viewed 4,377 times

    "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…

  • The Fresh But Ephemeral Hell of the U.S. Economy

    Published 07 February 2008 | viewed 4,337 times

    "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,…

  • Golden Prices from Decreased Production

    Published 06 February 2008 | viewed 3,964 times

    "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…

  • An Indication the Economy is Lagging

    Published 29 January 2008 | viewed 5,575 times

    "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.…