MOGAMBO GURU: The Bloodthirsty Horsemen Of The Apocalypse

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Richard Daughty, the angriest guy in economics -- World News Trust

I hope that you receive this copy of the Mogambo guru newsletter, as I am in Mogambo Security Lock-Down Mode (MSLDM) at Security Level Three here at the bunker, and I am busily reviewing Mogambo Procedure Manual (MPM), trying to fix it in my mind, fix it in my mind, fix it in my mind that it is "Ask QUESTIONS first, THEN shoot," and not the other way around. Yet.

The reason for the heightened level of frightened paranoia probably has something to do with Total Fed Credit increasing by only $1million last week, which means that the banks ain't creating more credit with which borrowers make more money.

And it certainly has a lot to do with how Alan Greenspan, former chairman of the Federal Reserve for 18 years, announced (trumpets blaring "taa-daaa!") that the housing market is heading to the bust stage of the "boom and bust" cycle! A bust is coming! A bust! This is the very same Federal Reserve chairman who has repeatedly, and loudly, said that there is no bubble in housing, even as he was creating the money that paid for the housing bubble! Now, out of nowhere, he has now done a complete turnaround, and (again, to make sure you get the point) out of nowhere he announces that the bubble, that never existed, has burst! An invisible bubble has burst!

I jump to my feet and announce "Your honor, I would like to have this entered into evidence in my case that Alan Greenspan is the worst central banker in US history, and is also probably the worst government financier/lackey in ALL of history!"

more (Warning: Dem-bashing follows)

http://worldnewstrust.org/modules/AMS/article.php?storyid=3587

(Edit: Fixing typo)

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1. Gotta wonder if the guy really took economics

It is a standard economic theory that larger groups can use their collective bargaining power to get lower prices. One sees this in all kinds of fields. Only the Repukes wrote into law that the US government could not bargain for the lowest price. Do you think Merck would just let, say, another company take all of the US contract for medicare because they wanted a few more $$$ for their drugs? I don't think so.
And frankly the idea that all of our retirement funds are in pharmas (and would therefore be hit hard if we did bargain) is just idiotic. However taking this divel too seriously is a mistake.

[Oggy]

2. Thanks for posting

I am so lazy I just wait for you to do the weekly link.

Have you ever tried Urban Survival? http://urbansurvival.com/index.htm

George Ure is I suppose a moderate republican ( old school ) but writes well like Richard Daughty, and political views aside it is very good site to get you look at things differently (esp economics). The ligustic shift stuff he is involved in is quite thought provoking, and occasionally downright scary.