At my age, I have pretty much figured out that people don’t like me because they fear me.
I don’t know why, exactly, but perhaps they fear me because I am a cynical, paranoid, gold-bug old man who thinks that the Federal Reserve has turned into an evil institution by creating So Freaking Much Money (SFMM), now so that it can commit the sin of monetizing new government debt by the truckload, increasing the money supply and guaranteeing a roaring inflation that hurts the poor, and hurts the almost-poor, and hurts the not-quite-poor, and (now that I think about it) it hurts everybody, which hurts me personally because they come whining to me to give them some of MY money!
The lesson is that everybody suffers from higher prices to one degree or another.
Or maybe people fear me because I know that The Only Thing To Do (TOTTD) when the money supply is being so seriously expanded is to buy silver and gold as a defense against the inflation that will result, and even though I have literally spent hours and hours with these people over the years, monopolizing every conversation to tell them to buy gold and silver, they don’t!
And then they turn around and get all upset with ME, like it’s my fault, when I politely inform them that I figure that not buying gold and silver, especially silver, despite the entire corpus of the last 4,500 years of economic history proving the wonders of doing so, and the idiocy of not doing so, over and over and over again, is, by sheer tonnage of evidence, completely stupid.
I mean, how stupid is it not to buy gold and silver when the Federal Reserve is creating so much money that it guarantees – guarantees! – inflation in prices.
The fact that most Earthlings do not buy them seems to indicate that most Earthlings are stupid creatures, and that maybe, just maybe, the whole planet should be “sterilized” by sending a couple of Zargmagarth battle-cruisers through hyperspace to deliver a couple jolts from their onboard Exterminator 3000 ray guns, sort of like how America goes swaggering around the world blowing up large pieces of the planet and killing people.
Relying solely on anecdotal information and stuff I just make up in my paranoid confusion, I figure that widespread gene malfunctions are causing this stupidity, and it also explains why terrified people do not recognize that (as is classically said in the movies) resistance is futile, both to Zargmagarth battle-cruisers and to the ruinous inflation in prices that is caused by the constant creation of too much money.
Normally, I would expect them to say, “Okay, strange visitor from another planet! You win! I’ll buy as much gold and silver as I can! Just don’t let the Zargmagarths or the Fed destroy us!”
It is, you may be happy to know, not too late to turn back the Zargmagarths, but it is, unfortunately, too late to prevent the Federal Reserve from destroying the planet with inflation in prices.
And with a dichotomy like that, the decision to buy gold and silver is so easy that you involuntarily giggle in delight, “Whee! This investing stuff is easy!”
The Mogambo Gurufor The Daily Reckoning
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. For podcasts featuring the Mogambo, click here.
All Hail the Great Mogambo! Thanks for all the great advice.
they fear you because you are completely freaking loaded and armed to the teeth?
To: Earth Agent Mogambo
From: Zargmagarth HQ
cc: Zargmagarth Battle-Cruiser Fleet Commnaders
Don’t hold your breath waiting on that fleet of battle-cruisers.
In case you don’t know, both their hyperspace drives and Exterminator 3000 ray guns require large amounts of silver in both the power regulators and field containment systems. The silver is consumed in both systems and must be replaced.
Unfortunately, the intergalactic scheme to short silver has depressed its price so much that no one can produce or even find any at the present time. Battle veterans have had their silver medals confiscated for the power regulators and replaced with paper certificates. They are none too happy and many have “lost” their medals.
Ordering them to sterilize another world plagued by a central bank is causing them to ask some rather uncomfortable questions of their own government. Earth is especially troubling because of its laughable silver price suppression scheme that is a lot like looking in a mirror. For now the best we can do is to keep the cruisers docked near bars to distract the warriors. Suggest you do the same.
Cmdr. Ziggy Zargmeister
Don’t take this the wrong way, and a lot of companies do this. But I opted to buy your newsletter @ 49$ and then on another page I find a simple e-mail Adress will get me a letter everyday free. Did I answer my own question here?
Can you imagine taking this guy out to dinner? All evening telling everyone to buy gold and silver before it’s to late and then NOT picking up the check. Whee, this eating for free is great stuff—-
DEAR SIRS/ MADAMES IN WELLS FARGOS DIRECTORS:
I AM SIR. DANG, QUAN NGOC MY DATE OF BIRTH:
02 JUNE, 1962 IN CALGARY ALBERTA CANADA. PLEASE SELL ALL MY GOLD TO USA FEDERAL GOVERNMENTS
LET THEM MADE FOR YOUR GUYS MORE USD CASH MONEY TO PAYING OFF NEW HOTELS AND NEW HOSPITALS IN FLORIDA
SIR. QUAN NGOC DANG
CALGARY ALBERTA CANADA
Me too Harry. I think a bit of bad voodoo is due to the doodoo head that made me think I was actually paying for something that was worth a price more than free.
IT COMES RIGHT BACK TO THAT WORD??COMMON SENCE.WHEN IT COMES TO SILVER AND GOLD..ONE IS PAPER BACKED BY PAPER AND THE OTHE SILVER AND GOLD IS BACKED BY SOMETHING SOLID AND REAL AND THAT IS USEABLE A NEEDEED IN LIFE…PAPER CRAP IS OLY GOOD TO WHIP YOUR BUTT ON..BETTER GET ALL THE SILVER AND GOLD YOU CAN GET WHILE YOU CAN AT TODAYS LOW LOW PRICES..
Wheeeee! I’m thrilled to see the Guru back after his hiatus. I thought we were truly DOOMED [bow head and whisper "doomed"] lol, without him. A fan for many years, just found you again. The column is a bit shorter, but we still greatly appreciate it. THANKS!
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