Gold •170 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 936.40 | +12.90 | +1.40% | |
WTI Crude •14 hours | 69.46 | +0.08 | +0.12% | |
Gasoline •14 hours | 1.942 | +0.019 | +0.98% | |
Ethanol •170 days | 2.161 | +0.000 | +0.00% | |
Silver •170 days | 30.82 | +1.16 | +3.92% |
Silver • 170 days | 30.82 | +1.16 | +3.92% | ||
Copper • 170 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 13 hours | 72.94 | +0.06 | +0.08% | ||
Natural Gas • 14 hours | 3.748 | +0.164 | +4.58% | ||
Heating Oil • 14 hours | 2.232 | -0.006 | -0.27% |
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 read somewhere that the money supply in China is growing at 20%, which proves that the Chinese government is every bit as stupid as…
"And if the yuan is 40% undervalued…this means that if oil were to miraculously stay at $80 a barrel while the yuan strengthens by 40%…
"I am beside myself in anger! If it had not been for the damnable Federal Reserve, we would all have a rising standard of living,…
"So imagine my surprise to hear them yelling at each other 'Damn it! He almost shot me! What in the hell is that Stupid Lunatic…
"And the inflation news just keeps getting worse, as we had a 4.4% y-o-y increase in the Producer Price Index in September. And yet people…
"The government simply budgeted more borrowing…and so the budget deficit appears lower on paper, even though they borrowed and spent more than they budgeted! At…
"The damned government has now ruined the money so badly that the little bit of metal in the old coins is now worth more than…
"So it looks like about $15.4 trillion in bank assets and liabilities is being backed up by a minuscule $40.2 billion! That's a microscopic 0.0026%.…
"The majority must always be wrong! Therefore, it is crucial that they remain clueless at this stage of the coming gold, silver, oil and commodities…
"As for the apparent disrespect for silver, it's the vector you get from history…and the suspicion that comes from an enigma, wrapped in a mystery,…
"And all of this money was created so that the American government could slide into the stinking swamp of communism, as over one-half (the majority)…
"This, then, is how the rich get richer! And the poor get poorer because they are the ones paying the 'silent tax' of higher prices…
"Higher prices in winter?...'Sounds miserable,' I think to myself, 'but not the end of the world!' This was...contradicted by Doug Casey... He writes, 'Let me…
"Originally, I had wanted to animate my little PowerPoint presentation to show the cumulative long-term effects of peak oil, meaning that the amount of oil…
"Dr. Kurt Richebächer, a legendary luminary in the Austrian school of economics vein, has, I am very sorry to say, died. I will miss him,…
"Alan Greenspan is guilty, guilty, guilty of letting the banks create all that excess money and credit, which distorted the hell out of the mal-invested…
"As evidence of that surprising 'economic laws don't apply here' statement...almost $500 trillion in financial derivatives exist...and the number of derivatives 'is increasing at the…
The big, big problem with the whole subprime/CDO/Armageddon market thing is that while the values on these assets can go down, the debts incurred to…
"$300 billion is...a Big Freaking Lot (BFL) of money, being almost a third of a trillion dollars in two days...or being roughly $50 in cash…
"...the Fed is doomed to fail, due not by my hating them so much and my putting a voodoo curse on them all, but on…