Gold •160 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 949.60 | -4.40 | -0.46% | |
WTI Crude •10 mins | 68.78 | +0.41 | +0.60% | |
Gasoline •10 mins | 1.962 | +0.010 | +0.49% | |
Ethanol •160 days | 2.161 | +0.000 | +0.00% | |
Silver •160 days | 30.82 | +1.16 | +3.92% |
Silver • 160 days | 30.82 | +1.16 | +3.92% | ||
Copper • 160 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 72.44 | +0.30 | +0.42% | ||
Natural Gas • 10 mins | 3.148 | -0.034 | -1.07% | ||
Heating Oil • 10 mins | 2.191 | +0.008 | +0.36% |
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.
"Pardon me for interrupting today's Stupid Mogambo Rant (SMR) with my laughing...but every time I think of some bozo buying 30-year Treasury debt at a…
"Oddly enough, there is no statistical offset for people like me, who are the nation's over-employed, which is to say we are chronically lazy, worthless…
"'It is always about the money!' for me, and you are hoping that I will use my dictatorial powers to get your money back for…
"Screw the 'official' inflation rate! But let's not dwell on an inflation rate of 20 percent, which means that prices will double in about three…
"You want me to take the other side of your short by going long, even though the market is down, and has been going down,…
"Now I can afford to cruise the streets looking for hitchhikers, so that I can give them a ride while I explain to them, 'Hey,…
"And, as the news just keeps getting worse, Iran just asked OPEC to cut production by a further 1.5 million barrels per day, which comes…
"I run to the tables in Barron's, and I see that the earnings of the S&P500 - the 500 biggest corporations in the country -…
"Buy gold, silver and oil as fast as you can, you morons, or die a horrible death by inflation like the people of Zimbabwe!" Mike…
"Apart from the fact that the English philosopher Herbert Spencer said, 'The ultimate result of shielding men from the effects of folly is to fill…
"I assume that bond buyers are all drug addicts who are not aware of what they are doing, morons who are not aware of what…
"And now that the governments of America have literally become the economy (and paying themselves handsomely in the process!), there is no way that the…
"With inflation in prices running at more than 10%, and inflation in credit running at up to 100% and more, bond investors are getting the…
"But this monetary expansion thing is the stuff of nightmares, too, and one day soon you will wake up screaming in the middle of the…
"But whether they care or not, the fact is that last week the Federal Reserve boosted Total Fed Credit, namely the amount of fresh credit…
"Although this ignores the ugly effect of taxes, which inexorably grinds the original dollar down to zero as it goes from hand to hand, it…
"The Fed is now giving foreigners 'unlimited amounts of dollar funds', and yet I cannot get another dollar with which to turn my ordinary burger-and-fries…
"I don't know about how they do it in Dubai, but here in America, we destroy our money by creating more and more of it,…
"Equally weird is that gold is also paradoxically going down in price, even though the dollar is going down in buying power because inflation is…
"Well, I say that these foreigners will turn up to loan us money as long as we have weapons, technology, land and useful assets to…