MOGAMBO GURU: Oil. Gold. Silver -- The Sound Of Cosmic Salvation

[Tace]

Richard Daughty, the angriest guy in economics

I remember that I was still trying to shake a killer hangover when I read that Total Fed Credit abruptly fell by $7.4 billion last week, taking the total back down to $792 billion. The next thing I knew, I was in the emergency room and doctors were trying to re-start my heart while trying to restrain my wife, who is screaming, "Let him die! He wants to die with dignity!"

But it wasn't my heart causing the initial distress. It was my brain, which interpreted this fall in Total Fed Credit as meaning one of two things; either the Fed is finally trying to curtail the decades-long explosion of money and credit, or there are not as many people wanting to borrow money, and so they don't need to expand money and credit to accommodate them. Either way, this is what we in the Mogambo Economics Biz (MEB) officially call The Big Freaking Bell Going Clang Clang Clang (TBFBGCCC).

Ours is a country that does nothing but spend every dime it makes, and which continuously borrows more money besides. Historically, this is a recipe for disaster. Nobody wants to hear this, especially my family, who think that money grows on trees, and I keep telling them that money does not go to all the hassle of growing on trees, which involves fertilizing and pruning and weeding and applying pesticides and picking, and then some drunken, stoned-out illegal alien migrant worker falls out of a tree and sues the hell out of you, and then they find out how you have been stealing them blind and selling them substandard food at premium prices, and you don't have a prayer in court and you know it. Brrrrr. Gives me chills just to think about it!

But this is not about how Mogambo International Exploitative Enterprises (MIEE) is screwing over the poor wretches, just as the government and the Fed are screwing the poor by destroying the purchasing power of the little bit of money they get per month. It’s just that MIEE, as a prototypical capitalist-pig company with no scruples or ethics in my mindless quest to secure profits, demeans the people directly, and they suffer because they get less. The government does it indirectly, making them get less by destroying the purchasing power their money. But my whole case rests on the fact that, in the end, we both make life miserable for lots and lots of people because they must pay more and get less.

(more)

http://worldnewstrust.org/modules/AMS/article.php?storyid=937

[AwareOne]

1. Man, that was a long article just to hawk gold and silver.

They always push this gloom and doom stuff. Gold was down $6.00 an ounce today.

[Tace]

2. He's A Gold-Bug.