MOGAMBO GURU: These Horrific Things Apparently Mean Nothing To Anyone

[Tace]

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

snip

At this outrage, I leapt to my feet in anger and ran up to the television screen, and putting my nose so close to the screen that I am sure they must be able to see me, I am yelling "Why? Do you want to know why globalization progressed so fast and so far, you morons?" That was supposed to be just a rhetorical question, but suddenly the whole family started whining, and the kids are crying, "Mom! Mom! Make him stop! For the love of God, mom, please make him stop!" and my oldest daughter is looking comically heavenward and wailing, "O, Death, where is thy sting?"

And then the wife pipes up and says, "No, dear, we do NOT want to know why, because we already know why! It's because of the Federal Reserve, isn't it?" Before I could admit that it was, she snarls, "Isn't it? Admit it, you big blowhard Mogambo bastard (BBMB)! Admit that it's because of the Federal Reserve! Go ahead! Admit it!" and I replied, in my usual Witty Mogambo Way (WMW), "Shut up, shut up, shut up! All of you just shut the hell up!" And then I ran out, my little heart breaking, and my eyes stinging with bitter, bitter tears.

Later, after having a few drinks with my new close friends down at the nearest bar that has cheap, greasy food and cheap liquor (served in greasy glasses), I realized that she was right. It was because of the Federal Reserve! But that brought up the odd question; if my family can figure it out, then how come the only guys who can’t figure it out are the Federal Reserve and the guys whose living depends on toadying to the Fed so that they can go to swell conferences and act important and charge clueless clients the big money?" Then I thought, "Maybe they don’t know!

This is when I hit upon my Fabulous Mogambo Idea (FMI). My idea was to rent a moose suit and go to Jackson Hole. Masquerading as a real moose, I would casually wander up, all docile and cutesy-wootsie moosey-like, close enough to the conference to get everyone's attention. Then I would bellow, really moose-like, "The Spirit of the Moose says: Send me Ben Bernanke!" And then he would come out and say, "What do you want, moose?" Then, dramatically, I would heroically jump out of the moose suit and shout, in a thick, Boris Badenov and Natasha-type Russian accent, "Ha! It is neither moose nor squirrel, but I, The Mogambo!"

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http://www.worldnewstrust.com/content/view/42/lang,en/

[xchrom]

1. mogambo is always worth reading!

[TrogL]

2. Even he finally admits he's a gold bug

[Tace]

3. He's An Unrepentant Goldbug...

It'll be interesting to see what happens to the price of precious metals as the world's central bankers try to coordinate the creation of a single international fiat currency.

[teryang]

4. Some goldbugs predict price decline without war with Iran

...based on the fact that a substantial recession appears to be on the way.

How would Central Banks respond to ratcheting up the tension with Iran? I understand they only have a few weeks left to begin dumping their gold sales allotments.

[Tace]

5. Yes, And Some Are Saying A Global Economic Slowdown...

will cut demand for metals, including precious metals. All generally seem to agree, though, that the central banks are involved in a concerted effort to suppress the prices of gold and silver, because surging precious metal prices undermine the fiat currency system.