I remember that it was just after midnight and I was, as usual, getting Freaked
Out Of My Mind (FOOMM) by the economic insanity I see worsening all around us,
and I was soon leaning out of my upstairs window, helpfully yelling (according
to videotape evidence), "You're all freaking doomed, you morons! You elected
corrupt, socialist scumbag morons who have now spent us into deficit-spending
bankruptcy by letting the Federal Reserve create the money that people borrowed
(thus creating a debt) so that they could buy Treasury debt! Hahaha! Going into
debt to buy a debt! Hahaha!"
My words are a little slurred, but you can clearly hear me say, "Now all that
new money is going to show up, not as more inflation in the prices of stocks,
not as more inflation in the prices
of bonds, not as more inflation in the prices of houses, not as more inflation
in the size of governments, but as inflation in consumer prices, which are
going to eat you alive! Morons! Hahaha!"
It wasn't long before the police arrived with their usual histrionics, all
bullhorns and "Come out with your hands up" crap, which is obviously all part
of a government plot to silence the Heroic And Brave Mogambo (HABM) by brute
force.
I can't get Jack Crooks at MoneyandMarkets.com to officially comment on my
"Mogambo Victim Theory (MVT)" at the hands of government, but he does allow
that things are a lot different today, especially as pertains to taxes, as "It
was our ancestors' objective to rebel against British rule and escape the
burdens of taxation. That was one of the ideas on which America was founded."
Naturally, I am aghast that he is worried about his piddly taxes when my
precious right to freedom of speech under the First Amendment is so grievously
torn from me, and all I was doing was trying to educate my neighbors by telling
them that the Federal Reserve has created so much money and credit since 1997,
forcing other central banks around the world to do the same thing to soak up
all those dollars, that it created (among other economic monstrosities) a trade
balance deficit that is now more than $836 billion a year!
Again I rush to the window and shout "Our current annual trade balance deficit
of $836 billion is $8,360 dollars PER YEAR that everybody in this freaking
country who has a non-government job is, in effect, sending overseas! Hell,
it's $5,760 for EVERYBODY who has a damned job in the whole country, including
government workers! Per year! And you think that the value of the dollar is
going to go UP when it is being created and thrown away so recklessly? Morons!
Hahahaha!"
I see a chorus of people yelling at me "Shut up, Mogambo! Just shut the hell
up!", and in the shadows I think I see my family and some other people chanting
rhythmically to the police, over and over, almost hypnotically, "Shoot! Shoot
him now! We'll all feel better! And how!"
Well, if they don't care about being destroyed by the Federal Reserve, I figure
that maybe they WILL care about the assault on the "takings clause" in the
Fifth Amendment that forbids the damned government taking people's property
from them "without due process of law."
So I yell out, "So you want some uniformed Gestapo pigs just taking your stuff
away without your permission, just like the Federal Reserve has taken the
buying power of your money away, so that each of your remaining dollars has
lost half of its buying power in the last 5 years? Is that what you want, you
laughable morons?"
Their silence spoke volumes about how much they would like that, so I knew they
were ready for an article from the New York Post titled, "Now They'll Take Your
Laptop" by James G. Lakely.
He reports that the Department of Homeland Security goons at airports are
already doing this and then lying about it, and, "Congress recently forced the
department to admit it has assumed authority to take an air traveler's laptop
computer (or any other electronic device) to an undisclosed location for an
unspecified time to check for suspicious files - even 'absent individualized
suspicion' of wrongdoing."
What!?! Now the DHS can "assume authority" to confiscate random property, at
will, for indeterminate periods of time? I mean, how far have we fallen when a
bunch of bullies with badges get tired of looking at the X-rayed contents of
you and your luggage, and can just "assume authority" to ignore the
Constitution and take your stuff? This is madness!
As James Cook of InvestmentRarities.com said about the slimy manipulations in
the gold and silver markets, "It makes you sick to your stomach to think such
chicanery could be at work here in America."
But at least the soothing protection of gold and silver will make everything
alright for those that own it, and will make a nice profit, too, before this is
all over! Whee!
Richard Daughty is general partner and COO for Smith Consultant Group,
serving the financial and medical communities, and the editor of The Mogambo
Guru economic newsletter - an avocational exercise to heap disrespect on those
who desperately deserve it.
(Republished with permission from The Daily
Reckoning. Copyright 2008, The Daily Reckoning.)
Head
Office: Unit B, 16/F, Li Dong Building, No. 9 Li Yuen Street East,
Central, Hong Kong Thailand Bureau:
11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110
