Comments on: Quantitatively Easing into a Stupid Idea

By: phix

phix — Tue, 24 Mar 2009 20:40:02 +0000

710,000 ounces in 2008 – just think, it would still take 300 years (plus or minus)at this rate to get one ounce of gold into each US citizen’s hand (or 155 years into each worker’s hand). And, I wonder, how many ounces are left ? …

By: Dirk W. Sabin

Dirk W. Sabin — Mon, 23 Mar 2009 14:20:16 +0000

I went upstairs to the Deli and attempted to pay for my coffee with a nice pretty pink Monopoly bill that had a face value of a whole lot more than the $1.30 they asked and when they looked at me funny, i told them it was called “Quantitative Easing” and that the U.S. Treasury was doing it and they should be patriotic and get with it. The Itralian behind the counter must not be an economist because he got really ugly and said something like “mama mia gabidosta” before throwing me out . I don’t understand it.

By: JMR ManDribble

JMR ManDribble — Sun, 22 Mar 2009 21:56:22 +0000

All this coin demand has me in limbo? Buy? Hmph. No can do. Sell? NO WAY. MINE!

Whiskey and cigars too. Taxes will make them luxurious. And they’re great with tacos.

By: Myron Plichota

Myron Plichota — Sun, 22 Mar 2009 01:25:35 +0000

C’mon Mogambo, tell us what you really think!

By: Roger

Roger — Sat, 21 Mar 2009 20:01:18 +0000

Hey Mogambo! I love your articles, which I find entertaining and informative. I only wish you could resist the urge to show your partisanship by only bashing the Democrats. I agree that they are a bunch of idiots, but come on, so are most of the Republicans! Besides Ron Paul, how many Republicans have shown any kind of fiscal responsibility?

Again, I love what you do, but please bash ALL those stupid, big spending politicians. They mostly ALL deserve our utter contempt.

Roger in Studio City (at Peets Coffee – where else?)

By: JMR bayou bobbie

JMR bayou bobbie — Sat, 21 Mar 2009 10:48:29 +0000

I recently enjoyed a delicious dinner at a five star restaurant, complete with dessert of flambe of bananas with sour cream cheese cake and triple fudge death by chocolate cake. Of course I had to have several wines of various tint and vintage along with the repast. Imagine my post prandial horror when I was presented a bill for almost a thousand dollars (c’mon, it’s a story, work with me).

Not having enough money, and after all my credit cards had been declined (one I even got on the phone with and after several minutes of heated exchange the Maitre ‘d insisted I stop it as I was scaring the children of a large family midst their meal), I jammed my hands into my pockets in order not to be too threatening toward the uppity master of his domain.

That’s when I discovered that I was in possession of a few gold and silver coins! I offered to settle the debt with this and, much to my surprise, was offered 51% ownership in the restaurant and allowed to take home an almost full bottle of French champagne and my doggie bag.

By: Wendell

Wendell — Sat, 21 Mar 2009 09:37:24 +0000

I want one of those goddamned junior mogambo decoding rings now! *STOMPS FEET* But then I remembered about all that gold I bought and my temper is soothed… or something like that…

By: hoonahman

hoonahman — Sat, 21 Mar 2009 01:52:35 +0000

…..”my big beaver?”…God MG you are one sick puppy, but man I do love reading your stuff…..YOU ARE ONE CRAZY DUDE! (YAOCD)……….And, and… you are also right on the money (pun intended). Keep smoking or drinking whatever it is that makes you attain a level of clarity most of us can only dream of. MJR

By: Jahfre Fire Eater

Jahfre Fire Eater — Sat, 21 Mar 2009 01:07:27 +0000

I’m still missing how this money begins chasing goods if:
1. Jobs are not created
2. People don’t borrow more

This seems more like an attempt to fix collapsed sewer pipes by using a giant plunger. They can keep filling the bowl and using bigger plungers but until they abandon the theory of ‘clogged’ credit and start direct give-aways to consumers they will fail to cause the inflation they so desperately pursue.

They will soon create a reason to dramatically increase foreign aid to spur simultaneous inflation globally.

Only then will the direct cash transfers to US citizens begin. This is the only way I see for inflation to happen…and it WILL happen. That is the only sure ting in any of this.
-Jahfre Fire Eater