The Mogambo Guru

Contributor since: 26 Feb 2010

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Biography

• Gold and the Asian Airport

  Published 17 September 2009 | viewed 3,063 times

  I was very interested in the news I read from MarketWatch that said, "Hong Kong is pulling all its physical gold holdings from depositories in…

• The Government-Based Economy

  Published 15 September 2009 | viewed 3,290 times

  I really got a laugh out of the report from Bloomberg that the Democratic Party of Japan (known in the parlance as DP) won an…

• Fighting Capitalism With Capitalism

  Published 10 September 2009 | viewed 2,766 times

  As one more bit of proof that the education system of the United States is a dysfunctional piece of liberal crap, how else to explain…

• Never Say Never to Monetization

  Published 09 September 2009 | viewed 4,458 times

  If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right…

• Feeling Good About a Falling US GDP

  Published 03 September 2009 | viewed 3,054 times

  The Bureau of Economic Analysis at bea.gov has put out their latest report of Gross Domestic Product, and it was, as you would expect from…

• The Nightmare of Contemplating Global Derivatives

  Published 01 September 2009 | viewed 3,582 times

  There are plenty of nightmarish things in the world today, but few nightmares match the terror of finding your wife still awake and waiting for…

• Big Ben and the Money Machine, Act II

  Published 27 August 2009 | viewed 2,682 times

  Apparently I am one of the few who appreciates the Theater of the Absurd in the Bloomberg news article that reported "President Barack Obama nominated…

• More Stupider Economics

  Published 25 August 2009 | viewed 2,982 times

  TheDailyBell.com had an interview that had the title "Why so many conspiracy theories?" which was intriguing enough, but made funny when they editorialized "Dominant Social…

• An Overdue Collapse of Money

  Published 20 August 2009 | viewed 3,670 times

  The Economist magazine had the Buttonwood blog titled "Law of Easy Money", which immediately gets your hopes up that there is such a thing as…

• Cloudy With a Chance of Economic Stupidity

  Published 18 August 2009 | viewed 4,071 times

  Bloomberg had the story about how "The global financial crisis has blown a hole in the 'efficient markets' theory on which modern economics and modern…

• Why the Government Doesn't Need Your Gold

  Published 13 August 2009 | viewed 4,005 times

  There is suddenly a lot of interest in the idea that the federal government will make holding gold illegal, an example of which is "Is…

• How Do You Like Your Books Cooked?

  Published 11 August 2009 | viewed 2,833 times

  Even knowing that the economy is in a recession/depression, it is the kind of headline that grabs your attention: "Recession Worse Than Prior Estimates, Revisions…

• Drinking Until the Economy Looks Good

  Published 04 August 2009 | viewed 5,863 times

  I have, as part of my Official Mogambo Duties (OMD), spent many an evening at local bars, sampling various beverages and making goo-goo eyes at…

• Golden Shelter from Falling Giants

  Published 30 July 2009 | viewed 3,112 times

  I was reading Michael J. Panzner's book When Giants Fall, a scary-yet-scholarly look at how the hell we got into this mess, and I was…

• Fiscal Drops in the Bucket Deficit

  Published 28 July 2009 | viewed 2,750 times

  I had just finished Final Lockdown Mode (FLM) here at Rancho Mogambo Bunker (RMB) and was starting to relax, or as much as a guy…

• The Dumbing Down of Economics

  Published 23 July 2009 | viewed 2,802 times

  There are those of you, whom I call "the overwhelming majority", who are dissatisfied with my snotty-and-unshakable attitude about the price of oil, which I…

• The Reality of Fictitious Jobs

  Published 21 July 2009 | viewed 3,381 times

  The Bureau of Labor Statistics reported that 467,000 jobs were lost in June, bringing total non-farm employment down to 140.2 million, which, although bad, could…

• The Silver Supply/Demand Imbalance

  Published 16 July 2009 | viewed 4,050 times

  I try not to think about silver, because when I do, my head ends up whirling around at the sheer compelling nature of the fundamentals,…

• A Fine Time to Raise the Minimum Wage?

  Published 14 July 2009 | viewed 2,577 times

  To show you the kind of idiocy that passes for economics, The Wall Street Journal, in a story about the imminent rise in the minimum…

• A Master Stroke of Silver Manipulation

  Published 09 July 2009 | viewed 2,690 times

  Federal Reserve Credit dropped $58.5 billion last week, taking the total amount of Federal Reserve credit that they created to a hefty $1.997 trillion. Now,…