• 555 days Will The ECB Continue To Hike Rates?
  • 555 days Forbes: Aramco Remains Largest Company In The Middle East
  • 557 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 957 days Could Crypto Overtake Traditional Investment?
  • 962 days Americans Still Quitting Jobs At Record Pace
  • 964 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 967 days Is The Dollar Too Strong?
  • 967 days Big Tech Disappoints Investors on Earnings Calls
  • 968 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 970 days China Is Quietly Trying To Distance Itself From Russia
  • 970 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 974 days Crypto Investors Won Big In 2021
  • 974 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 975 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 977 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 978 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 981 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 982 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 982 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 984 days Are NFTs About To Take Over Gaming?

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.

  • Gold Flavored Napoleon Complex

    Published 02 November 2007 | viewed 3,935 times

    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…

  • Drowning in Inflation is Never Popular

    Published 01 November 2007 | viewed 5,564 times

    "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%…

  • The Sole Inflation Creator

    Published 26 October 2007 | viewed 4,413 times

    "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,…

  • Gunning Down Money Creation

    Published 25 October 2007 | viewed 5,033 times

    "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…

  • Cheaper to Freeze to Death

    Published 23 October 2007 | viewed 5,619 times

    "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…

  • Werewolves of Inflation

    Published 18 October 2007 | viewed 4,373 times

    "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…

  • Trading Your Paycheck for a Coin Purse

    Published 16 October 2007 | viewed 9,585 times

    "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…

  • Did He Say, "Tighter Monetary Policy"?

    Published 12 October 2007 | viewed 4,012 times

    "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%.…

  • Gold Hoarding Greedy Pigs

    Published 10 October 2007 | viewed 5,179 times

    "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…

  • The Rodney Dangerfield of Commodities

    Published 08 October 2007 | viewed 5,148 times

    "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,…

  • Take My Buying Power...Please

    Published 05 October 2007 | viewed 4,272 times

    "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)…

  • Demand Sacrifices Quality Packaging

    Published 03 October 2007 | viewed 3,797 times

    "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…

  • Welcoming the End of the World

    Published 19 September 2007 | viewed 6,857 times

    "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…

  • A Peek at the Peak Oil Problem

    Published 17 September 2007 | viewed 5,159 times

    "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…

  • Remembering Richebacher

    Published 11 September 2007 | viewed 6,785 times

    "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,…

  • Economic Enemy #1

    Published 27 August 2007 | viewed 12,845 times

    "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…

  • Unlawful Economic Stupidity

    Published 23 August 2007 | viewed 5,364 times

    "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…

  • Liquidity Can't Solve Insolvency

    Published 21 August 2007 | viewed 9,488 times

    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…

  • Two Days to Make $300 Billion, Part I

    Published 17 August 2007 | viewed 6,575 times

    "$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…

  • Voodoo Bell Curve Curses the Fed

    Published 14 August 2007 | viewed 6,209 times

    "...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…