The Mogambo Guru

Contributor since: 26 Feb 2010

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Biography

• Dinosaur Economists and their Paper Currency

  Published 02 April 2009 | viewed 3,696 times

  It all seems so weirdly surreal when federal deficit-spending exceeds 14% of GDP, which doesn't even include the 7% of GDP that is the "balanced…

• Credit-Based Money System and the Plight of Un-rich Peons

  Published 31 March 2009 | viewed 3,827 times

  George Ure of UrbanSurvival.com writes that the magic of just pounding money into the economy doesn't seem to be working this time, and it reminds…

• Zombie Economy Feeds on New Money and Credit

  Published 27 March 2009 | viewed 3,420 times

  I thought that I had a pretty good handle on how much "stimulus" money Congress and the Fed have spent so far, ranging, as it…

• Greenspan Not Reserved About His Innocence

  Published 24 March 2009 | viewed 3,063 times

  Bloomberg.com had Alan Greenspan, disastrous former chairman of the Federal Reserve - who is the one person directly responsible for all of our economic woes…

• Stupid Ideas that Drag Down Consumer Spending

  Published 19 March 2009 | viewed 3,881 times

  I keep moaning and groaning as I look at the prices of assets - including houses that are overpriced, stocks that are overpriced, bonds that…

• Golden Butter on Inflation Toasted Dollars

  Published 05 March 2009 | viewed 3,302 times

  There are obviously a lot of differences between me and damned near everybody else, one of which is that I spend a lot of time…

• U.S. Taxpayers: The Few. The Proud. The Unprofitable.

  Published 03 March 2009 | viewed 4,230 times

  I keep looking at the $1.5 trillion increase in the national debt in the last 12 months, due to the Congress deficit-spending and the Federal…

• Optimism in the Face of Inflation

  Published 26 February 2009 | viewed 3,577 times

  I thought I was still asleep and merely dreaming when I opened up Barron's and saw that the earnings of the S&P 500 dropped to…

• The Devastating Chaos of Financial Butterflies

  Published 24 February 2009 | viewed 4,003 times

  Gerald Celente, founder and director of the Trends Research Institute opines, "To be using 1930s models to get the U.S. out of this is really…

• SOS: Suffocating On Spending

  Published 13 February 2009 | viewed 3,463 times

  Voluminous police reports through the years chronicle my wailing and screaming in fear, often far into the night, as neighbors and family complain until the…

• Old News for Gold Bugs

  Published 10 February 2009 | viewed 3,798 times

  It looks like the rush to buy gold is really getting started, as Julian D. W. Phillips of GoldForecaster.com reports that "the combined gold holdings…

• Unemployment Figures, Right Between the Eyes

  Published 07 February 2009 | viewed 3,731 times

  I am hoping that someone from the media will ask me about my current thoughts on the "deflation or inflation" debate, but they probably won't,…

• Patching Up the World With Golden Glue

  Published 27 January 2009 | viewed 4,269 times

  "The word 'Gaaaahhh!' escapes my throat, as all of this was BEFORE all the new promises of massive new deficit spending! Trillions of dollars of…

• Golden Sanity Amid Fits of Fiscal Madness

  Published 22 January 2009 | viewed 3,860 times

  "And as the bust continues, gold always becomes MORE valuable as everything else turns to crap and the government starts destroying everything with fits of…

• Government Gone Insane

  Published 16 January 2009 | viewed 5,426 times

  "It's just too bad that government workers are a deadweight loss, as they produce no profit from their labors with which to pay their bloated…

• There's Always Opportunity in Crisis

  Published 13 January 2009 | viewed 4,971 times

  "I know there is opportunity, just like I know you ruined my life! That is why I am buying gold, silver and oil at these…

• Interest Rates Have "One Too Many"

  Published 08 January 2009 | viewed 4,209 times

  "Apparently, the horrifying news of negative interest rates does not register with these morons; the bartender went back to talking to the pretty girl at…

• Fed Refuses to Trade Secrets

  Published 06 January 2009 | viewed 2,878 times

  "Unfortunately, while I am exactly like the Federal Reserve in that we are both total, complete failures at our jobs, mostly through sheer stupidity, the…

• No Lag When Indicating Inflation

  Published 30 December 2008 | viewed 4,037 times

  "And the reason is that the Lagging Indictor with its inflation detector attributes has been rising faster than the other two for as long as…

• A Novel Approach to Debt Management

  Published 22 December 2008 | viewed 5,140 times

  "What? A $2 trillion federal budget deficit? In a $13 trillion national economy? Gaaahhhh! When the trade deficit is running at almost $900 billion a…