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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.

  • Why the Fed Creates So Much Money

    Published 20 January 2011 | viewed 0 times

    One of the reasons behind the Federal Reserve creating so many trillions and trillions of dollars in new money is so the stock market will…

  • Defining Economics

    Published 19 January 2011 | viewed 0 times

    I have grown to think that the definition of "economics" was the one found in the Mogambo Big Book Of Economic Stuff (MBBOES), which is,…

  • Economic Ruination from Money Creation to Price Inflation

    Published 13 January 2011 | viewed 0 times

    John Rubino at Dollar Collapse.com obviously thinks, like I do, that inflation is a Terrible, Terrible Thing (TTT). To prove it, and to simultaneously prove…

  • Synonymous Terms for Quantitative Easing

    Published 11 January 2011 | viewed 0 times

    I was having a leisurely breakfast with the family when I read where Philipp Bagus, writing at Mises Daily newsletter, quotes James Bullard, president of…

  • A Day in the Life of the National Debt

    Published 06 January 2011 | viewed 0 times

    As an example of the kind of sheer monetary insanity that is happening all around us and that is going to destroy the United States…

  • Price Inflation to Pay the Debt

    Published 04 January 2011 | viewed 0 times

    The lights of the Mogambo Security System (MSS) glowed dimly in the gloom of the bunker as I cowered in the darkness, and there were…

  • The Last Angry Man's Problem With IMF Gold Sales

    Published 30 December 2010 | viewed 0 times

    Adrian Ash of BullionVault.com writes that "the International Monetary Fund said it has completed the gold bullion sales program begun in October 2009," and now…

  • Investing in Gold Ahead of the Chinese

    Published 28 December 2010 | viewed 0 times

    There are a lot of things in this world that I do not understand, and perhaps it is because of this persistent befuddlement that, for…

  • Bernanke Denies Printing Money. Mogambo Not Convinced

    Published 21 December 2010 | viewed 0 times

    No matter how much I try to calm down, I can't stop being angry about the unbelievable, towering arrogance of the horrid Ben Bernanke, chairman…

  • The IMF and the ECB on Perfecting Stupidity

    Published 14 December 2010 | viewed 0 times

    This week's winner of the coveted Mogambo Bluster And Incompetence Award (MBAIA) goes to Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund. I…

  • High Long Bond Yield Good News for Gold Holders

    Published 10 December 2010 | viewed 0 times

    The Financial Times brought up the interesting point that because bond prices are so insanely high (making bond yields so preposterously low), a one-percent change…

  • What Happens When Currencies Go Bust?

    Published 07 December 2010 | viewed 0 times

    I was telling the doctor that I distinctly heard a popping sound inside my head when I saw that the foul Federal Reserve had created,…

  • Economic Ruination in Three Words or Less

    Published 02 December 2010 | viewed 0 times

    If you want some bad news, then Doug Noland, in his Credit Bubble Bulletin at PrudentBear.com, has some for you. He reports that that "Global…

  • The Dual-Mandated Failures of the Federal Reserve

    Published 30 November 2010 | viewed 0 times

    I thought I knew everything about the foul Federal Reserve in that I knew they cause inflation in prices by deliberately creating too much money,…

  • Economics Professor Ignores Fiat Money Failures

    Published 23 November 2010 | viewed 0 times

    Unfortunately, it is not only Robert Zoellick of the World Bank that has notoriously turned against a gold standard, but The DailyBell writes about similar…

  • In Search of Golden Enlightenment

    Published 18 November 2010 | viewed 0 times

    Kopin Tan of Barron's has the honor of having his photo accompanying his Streetwise column, and my Keen Mogambo Eyesight (KME) notices that he appears…

  • Why Buying Bonds is a Bad Idea

    Published 16 November 2010 | viewed 0 times

    If there are two things that you can count on, it is that you have got to be pretty quick to get the last piece…

  • Sterilizing Money at the QE Corral

    Published 12 November 2010 | viewed 0 times

    There are a lot of intricacies in the Federal Reserve's evil ways, especially as concerns creating $900 billion in the next six months in another…

  • Thanks for the Silver: An Open Letter to JPMorgan and HSBC

    Published 09 November 2010 | viewed 0 times

    Ted Butler, famous silver analyst and the guy who kept up the pressure about the corruption in the silver futures market for the last 15…

  • Profiting As the Fed Creates More Money

    Published 04 November 2010 | viewed 0 times

    The latest news to depress me is that incomes were reported down 0.1%, and the latest news about spending is that spending is up 0.2%.…