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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.

  • The Bank Robbing Effect of Financial Desperation

    Published 24 January 2008 | viewed 5,271 times

    "The point is that not only is bank robbing 40% more popular by 40% than last year, but the FBI used to solve 75% of…

  • Avoiding Responsibility

    Published 23 January 2008 | viewed 8,211 times

    "And let's not forget that this lying lowlife loser, St. Louis Federal Reserve President William Poole, is a guy about whom Marketwatch.com reports, 'Last year,…

  • The Futility of the Economic Weatherman

    Published 17 January 2008 | viewed 4,094 times

    "Federal Reserve chairman Ben Bernanke has no such qualms about shame, and said he is ready to take "substantive additional action", which the media and…

  • Stealing Metaphors for Excess Money

    Published 15 January 2008 | viewed 5,239 times

    "So, if inflation in prices is not caused by a depreciating dollar or monetary policy, then Mr. Central Bank Governor Sultan Bin Nasser al-Suwaidi better…

  • Incredible Inedible Ethanol

    Published 10 January 2008 | viewed 3,586 times

    "An entire third of the grain output of the American farm system will disappear from the world's food supply? On top of the terrifying increases…

  • Will Work for Taxes

    Published 08 January 2008 | viewed 5,105 times

    "Instead of the town saying, 'Oh, my God! What kind of ravenous vampires have we become?' and lowering their...damned taxes, 'The town is pushing a…

  • Solid Gold Silver Surge

    Published 04 January 2008 | viewed 4,037 times

    "And if you think that silver could go to its rough 15-to-1 long-term ratio to gold, then a $1,200 per ounce gold price would mean…

  • Optimism in the Face of Inflation

    Published 27 December 2007 | viewed 5,013 times

    "...everyone is in apparent agreement that...like heroic armored knights on horseback saving damsels in distress by slaying dragons, the central banks must arrange irresponsible, insane…

  • To Negative Infinity - And Beyond

    Published 20 December 2007 | viewed 3,483 times

    "In short, the banks loaned every additional dime of the trillions of dollars that they took in! And then more on top of that! No…

  • Fictitious Beneficial Inflation

    Published 18 December 2007 | viewed 3,251 times

    "Let me get this straight; grumpy Russians, in the midst of a gloomy winter, are experiencing inflation in food prices of 1.2% in a month?…

  • An Economic Law of Physics

    Published 13 December 2007 | viewed 3,831 times

    "So I am looking at this Big, Big Problem (BBP)...when I was saved by a little-known Law Of Physics: 'If at any time you find…

  • Living the Nightmare of Hamiltonian Economics

    Published 11 December 2007 | viewed 4,201 times

    "We have finally overruled the Jeffersonian Republic that made America into the world power that it became, in favor of that Hamiltonian nightmare of a…

  • Bulls for Bullion

    Published 06 December 2007 | viewed 7,385 times

    "If you want something else to show you that people are starting to get smart about owning gold and how this new demand is overwhelming…

  • The Shock of a Thousand Trillions

    Published 04 December 2007 | viewed 12,203 times

    "So imagine my horror when I learned that there was no error! We are talking about a quadrillion freaking dollars! Instantly I knew that she…

  • Who's Afraid of Low Inflation?

    Published 27 November 2007 | viewed 8,455 times

    "This is the most asinine and thoroughly ridiculous thing I have ever heard! In all my years of studying economics and rigorously defending my theories...I…

  • Economic Hell to Pay

    Published 25 November 2007 | viewed 5,878 times

    "Like me getting drunk and surly, and then thinking that getting me drunker makes me more convivial. It does. For awhile. A very short while.…

  • Twilight Zone Buying Power

    Published 20 November 2007 | viewed 5,162 times

    "It's a frightening Twilight Zone moment when you realize that you started with $500,000 in buying power, and you ended up with, after waiting five…

  • Cash and the Commodity Craze

    Published 13 November 2007 | viewed 4,842 times

    "Look at me! I am suddenly in the trigger swap business! I get to charge you a fee to float a dollar's worth of bonds…

  • More Generous Inflation Protection

    Published 08 November 2007 | viewed 5,115 times

    "But current retirees can relax, as 'The lower inflation-proofing would only apply to future entitlements. Past entitlement would continue to enjoy the more generous inflation…

  • Caught Red Handed Killing the Dollar

    Published 06 November 2007 | viewed 6,579 times

    "So Mr. Mishkin joins Alan Greenspan, running around saying, 'It's not my fault! It's not my fault!', when the whole world spent all that time…