01/28/09 Tampa Bay, Florida There was a photo of Tim Geithner, the former Governor of the Federal Reserve Bank of New York who is going to be the next Treasury Secretary of the USA, on the front page of the Financial Times last Thursday, and it is spooky in several ways.
For one, in the photo he is looking directly into the camera, point-blank, which I know that he did on purpose so that I would see it and I could – using my Extraordinary Mogambo Powers (EMP) – look deep into his eyes and thus know exactly what he is thinking.
I can tell that he is thinking, “I know you are out there, Mogambo! I know that you know, and now you know that I know that you know, that I am a weird little guy who has no idea what in the hell economics has to do with anything, and that I am, provably, a total failure if someone takes the time to get up off his or her fat, stupid, trusting butt and walk over to the window and look out at the world that I helped fashion when I was Governor of the Fed bank of New York.”
I gotta give him credit, as he knows my opinion of him to a freaking T! When you consider how the Federal Reserve, which is responsible for the creation of all the money and credit that provided the financing for Huge Freaking Bubbles (HFB) in the stock market, the bond market, the housing market, and in the size of government, it is obvious that the Federal Reserve is a total failure, the Congress ought to disband them and get the United States back to a gold-as-money financial system, presumably with zero leverage, and put all of the Fed Governors and their henchmen, past and present, on trial in a Mogambo Kangaroo Court Of Vengeance (MKCOV) for a quickie “guilty” verdict and appropriate sentencing.
Instead, the Congress confirmed this guy as the next Secretary of the Treasury!
If that is not scary enough, the photograph of Mr. Geithner is worrisome in others ways, such as the way he was handling his microphone, sending the clear message “You see this microphone, Mogambo? Well, if you keep telling people about me, my corruption, my ignorance, and my total failure as a Governor of the Federal Reserve so that the USA and the purchasing power of the dollar are both destroyed, then one of these days a goon squad dressed in black is going to show up at your house and beat you with clubs that are a lot bigger than this stupid little microphone! Hahaha! And anyway, even if what you say is true, you are still a terrible father and husband, and everybody hates you!”
Stung at the cruel, although accurate, comment, my eyes filled with bitter tears and I looked away from the photo, and I am sorry that I did, because my eyes fell upon the terrifying headline that accompanied the photo: “Geithner Vows Credit Action On ‘Dramatic Scale”! Yikes!
In the article, he says that he is going to destroy the credibility of the USA, the purchasing power of the dollar and the economy itself by creating so much, much, much more money and credit so that it will “get risk premia down, interest rates down and get that basic mechanism of credit market going again”!!
Junior Mogambo Rangers (JMRs) around the world (one in America and one in Canada, as far as I can tell) are alerted to my ending that sentence with two exclamation points, indicating special emphasis, which, in this case, is obviously shorthand for, “This guy is a freaking idiot if he thinks that creating money and credit on a ‘dramatic scale’ will solve the problems caused by the creation of money and credit on a lesser-although-still-dramatic scale without producing catastrophic inflation! It’s freaking insane, I tells ya, and it’s enough to cause insanity in anyone hearing it, too, as is proved by my inserting Rude Editorial Comments (REC) in the middle of a freaking explanation of a couple of damned exclamation points!”
I keep looking at the prospects of a trillion dollars of new debt coming our way, and compare that to the measly 100 million non-government jobs in the country, and I wonder how any of these morons can think that anything good can come of the government spending $10,000 for each of them?
And if the Treasury sells $2 trillion in new debt, then that is an astounding $20,000 in federal government deficit spending for everybody who has a non-government job! In one year!
And if, after all of this monetary and fiscal insanity you are not buying gold, silver and oil (and indeed all commodities), then you are made of sterner stuff than I!
And a lot less paralyzed with fear, for which I envy you!
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So let me get this straight, you’re saying you’re not a big fan of the new Treasury Secretary?
: )
Ok I’m sold! I ready! I’m convinced?
We’re freaking doomed!
what gold? what ag? which oil?
which commodities your recommed?
PS
It occured to me that Geithner often looks like a confused leprechaun. (yes, they are always after your lucky charms).Nothing is more unreliable than the populace, nothing more obscure than human intentions, nothing more deceptive than the whole electoral system.
Marcus Tullius Cicero
I just cannot and will not believe that the same thinking that got us into this mess can get us out…Geithner represents that same thinking and until that thinking no longer runs the monetary and fiscal arms of the economy we are screwed!!!
Love the new site. But then I liked the old one as well.
Is it normal for a Junior Mogambo Ranger (JMR) to nearly crap his freaking pants (CHFP) every time he or she reads another Mogambo masterpiece because of the harsh realization that we are all freaking doomed???
Mogambo you’re the best!! I don’t care what your family or employer say about you. Keep up the good fight, buy gold, silver and oil.
Geez, this butt kissing is easy!
From a Junior Mogambo Ranger (JMR) bunkered in Spain,
Dulcina and her Gnome
Love the new look!
Which will gone in histroy as the worst ever? Paulson or Geithner? The later since he had a chance for change
Dear Mogambo,
It only cost us a few million here and there to pay for SHBJARAs (Strategic Hollywood Boob Jobs And Related Assets), and we managed to distract 99.9999999% of America. Now THAT’S leverage! Hell, we’re so damn talented that I don’t even have to hide anymore, I mean, ME as the front man for the Treasury? HAHA! It’s freakin’ awesome.
As for the other 0.0000001%, well, we’re just gonna confiscate your gold again. HAHAHA!
Regards,
Tim
So after reading The Mogambo (TM) I feverishly searched the internet for an application form for a bailout package for me and my girlfriend who needs more money because she has to support my habits of drunkiness and sloth and falling asleep before sex and I can’t find the application because duhh there isn’t one!! (DTIO) So, to emphasize the importance of two exclamation marks, (ETIOTEM) I have to either find a new girlfriend with more money and a greater sense of love and appreciation for me or get a job so I apply via email to Tim Geithner, and anticipating the usual “What are your strengths and what are your weaknesses?” moronic Human Resources (HR) type questions I state flatly on my CV that I am incapable of making an error by virtue of the fact that I can never make a decision which is what is needed now or else we’re all freakin doomed (WAFD) due to increased money supply and rabid predisposition of government to helping stupid evil selfish greedy bankers (SESGB) who require me to have collateral for loans for more beer and sedentary lifestyle (MBASL) and maybe to get a prostitute to watch me snooze on the couch, do the dishes and get me snacks and shots of Jack but I digress and after my nap I’ll get to the point or soon after a call to my girlfriend who is working three jobs and never spends quality time with me, to pick up some Pizza – mushrooms, pepperoni, green olives (not black) cheese extra large thin crust well done so its charred around the edges and oh yea, a bottle of Evian for my pot plant and maybe watch some infomercials because that’s all that’s on at 3:30AM if I can find her credit card so I can order stuff to keep me awake so she won’t bitch me out for falling asleep again. zzzz And more strengths, other than ability to focus on chaos include singing in my sleep worrying why I don’t have gold oil or sweet fanny adams (GOOSFA) for my pending retirement,(FMPR) which is a lot more than Geithner can honestly boast, but if he has a shred of decency he’ll step down so I can take his job, impress my girlfriend who must be angry because I found the pizza upside down in my face when I woke up a few minutes ago and save the world economy with my economic theory that to do nothing is usually preferable and for the greater good than feeding fat dinosaur corporations and greedy bankers who’s risk management only comes into play when assessing my solvency and my credit score and my employment record which is being impeded by lout Geithner. zzzzzz
Remember voodoo economics? –it is still the prefered strategy of Washington. Everyone has been sitting around waiting for the ponzi scheme known as Social Security to fail, and behold!–the ponzi scheme at the Fed failed first! Geithner reminds me of the mousey church treasurer who is spending the offering down at the track.