[Colorado-Valley]

He absolutely writes the funniest weekly column on the Internet. And about economics of all things! But beneath his paranoid histrionics, I believe Richard is a very wise Mogambo (VWM), indeed:

" ... But this is not about my fervent belief that the commodities markets are rigged and crooked, but about investing in owning oil directly, and how this is, apparently, a bad idea, as I gather when I, an ordinary, law-abiding citizen, go down to City Hall to get the zoning variances and permits necessary to erect an oil storage facility in my backyard, they treat me like I am crazy!

"But, I cleverly counter, "If I am really crazy, then I am handicapped, right? And if I am handicapped, then why I can't I park in the handicapped-only parking spaces? So screw you, bozo! Give me my oil storage facility!" So, we go back and forth like this for awhile, and I end up yelling, "Look at the dollar, you low-life blockheads! The price of oil is going to climb and climb as the dollar falls and falls in purchasing power, because the government is deficit-spending, and the Federal Reserve is creating the necessary excesses of money and credit to finance that increasing debt, which is the very damned, damned, damned definition of monetary inflation, you halfwit municipal turkeys! All this monetary inflation means that a resultant roaring price inflation is guaranteed, which can be actually defined as a yet weaker dollar, and so oil will go up and up and up in price! Up, jerks! Up!"

"Inspired, I gracefully bound atop a chair, and with a theatrical flourish, I shout out "NOW who's crazy when he wants to build an oil storage facility in his backyard, you dim-bulb public employee trash? Or do you want me to jump over this stupid little counter of yours and give you a little Outraged Mogambo Citizen (OMC) to further convince you?" which was, apparently, the wrong thing to say, as I did NOT get my zoning variance or the permits. And they made me clean my footprints off of the seat of the chair, too ..."

http://worldnewstrust.org/modules/AMS/a ... oryid=4021

[EnergyHog]

The Mogambo kicks ass!

[clueless]

I don't know man...Mogambo, Addison and Bill Bonner are all correct in their analysis, but the reality is this game of deficits and fiat money is all agreed to and rigged..

Oil falls when piplenes are shut down, gold stalls in a time when it should by all means be going through the roof, the stock market is begin supported by recycled petrodollars...It is all a sick game and one I am going to pay no more attention to.

The US/International banking system controls the world and all that's in it for, among other reasons, the simple fact it has control over the electronic network, and printing presses.

I am afraid Mogambo and Co. are just clanging cymbals in a very large orchestra.

This will continue until it can continue no more...Most likely untill someone realizes it will be more profitable to fight one another than to trade with one another.

[KhanCEO]

I used to read dailyreckoning.com everyday, however I already know everything that is being said. It is just a different number for a different week. The Mogambo is fun to read.

[Colorado-Valley]

Yeah, I think the way things are rigged right now (up to the November elections, anyway), there could be a massive category 8 hurricane in the Gulf of Mexico and the price of oil would go down ...

[mark]

Yes clueless, you’ve got it right. Some say we are in danger of fascism not realizing that it’s already here. Would the lumpen even have the chance to utter the word were it still in doubt?

http://www.pastpeak.com/ read the Aug. 15 'Terror Theatre'

I wrote the following the day after the news of the so-called airplane plot.

So, Iran prods Hezbollah to tweak Israel. Israel responds with, ‘Oh no you don’t.’ Lebanon get’s destroyed and the Muslim world is outraged. Are they outraged enough to join together to once and for all defeat and destroy Israel? If Israel’s survival ever comes to doubt, would not the US pounce. Or does the US need the excuse of a defeated ally before answering with overwhelming force?

The game is afoot! Things are unlikely to simply settle down from here. Across the internet this is being called the beginning of WWIII. Recent news (the convenient revival of terrorist fear via the contrived affair in London) is evidence that the US has joined the fight.

I do not for one second believe the report out of London that ‘terrorist’ have been arrested plotting the destruction of airplanes. That is just too convenient. Folk’s, we’re being manipulated once again; fear and terror are being used to lead us like sheep to the slaughter. I saw one comment from a terrified Brit this morning, “I don’t care what they have to do to protect us.” It was probably made up.

Expect a much wider war. Next week, or next month or after the ‘selections;’ it’s coming. No one acts alone in today’s world; the criminal bush/blair/Israel gang has long planned this adventure. Will oil skyrocket, gold gallop, and silver hi-ho?

Don’t think so. Look at the dollar since – and oil – and gold and silver. In times of trouble, people flock to the most stable currency around – and it’s still the dollar. People on this forum often comment on the ‘plunge protection team’ but what about the ‘exchange stabilization fund’, whose goal is to stabilize the world’s reserve currency – the dollar - and, direct from Fed minutes of 1995, used to manipulate the price of gold.

The stakes are high and the empire is flexing its muscles. Of course, they’ll fuck this up like everything else they’ve tried, what would you expect of psychopaths.

We need a V, which I just watched last night. Now I know why it was universally panned by critics when it came out, it’s much to close to the truth. Is art imitating life or life imitating art? In the film they used fear to take control; Bush and Blair must have gotten an advance copy, it’s uncanny how despots lack imagination; these dullards can be beaten. They must be beaten.

[clueless]

$this->bbcode_second_pass_quote('', 'I') do not for one second believe the report out of London that ‘terrorist’ have been arrested plotting the destruction of airplanes. That is just too convenient. Folk’s, we’re being manipulated once again; fear and terror are being used to lead us like sheep to the slaughter. I saw one comment from a terrified Brit this morning, “I don’t care what they have to do to protect us.” It was probably made up.

[EnergyHog]

"Will oil skyrocket, gold gallop, and silver hi-ho? Don’t think so. Look at the dollar since – and oil – and gold and silver. In times of trouble, people flock to the most stable currency around – and it’s still the dollar."

Uhm, yes, take a look at the dollar, oil, gold, and silver. The dollar has been tanking since 2000 while oil, gold, and silver have tripled. So where are the people flocking?

W/Condi/Cheney/Halliburton is the oil team, not the dollar team.

Historically speaking high oil prices mean high gold prices.

[clueless]

$this->bbcode_second_pass_quote('EnergyHog', '
')Uhm, yes, take a look at the dollar, oil, gold, and silver. The dollar has been tanking since 2000 while oil, gold, and silver have tripled. So where are the people flocking?

W/Condi/Cheney/Halliburton is the oil team, not the dollar team.

Historically speaking high oil prices mean high gold prices.

[drew]

$this->bbcode_second_pass_quote('clueless', 'S')orry, but gold only goes up in times of panic, I'm sorry I bought it actually....

[clueless]

I hit the .com and housing bubble just fine living and working in Sillycon valley up till last year but not to say I am not kicking myself a bit for not buying gold at 420 after the last election. And I just got word housing prices in Oregon's willamette valley are up 18% since last august (when I bought), which is a huge surprise because I paid cash and figured it would be worth 20% less in a year...

But:

Look at the last gold spike in the 70's it looks just like the energy curve in recorded history, there was a very small window to make money...now things are much different and much more manipulated, a large uptrend in the gold markets will cause central banks to sell and tank the market.

I bought in at 630.00 I don't see too much downside, but after looking at how things are manipulated, if it ever get's to $1000 I believe we will be looking at confiscation anyway. I won't buy commodites futures because it takes too much time and effort, besides that I don't know what I'm doing.

[Colorado-Valley]

"I won't buy commodites futures because it takes too much time and effort, besides that I don't know what I'm doing."

Well, you could still put an oil storage facility in your back yard ...

[clueless]

Do I need a permit for that ?

[MacG]

$this->bbcode_second_pass_quote('clueless', 'I') don't know man...Mogambo, Addison and Bill Bonner are all correct in their analysis, but the reality is this game of deficits and fiat money is all agreed to and rigged..

Oil falls when piplenes are shut down, gold stalls in a time when it should by all means be going through the roof, the stock market is begin supported by recycled petrodollars...It is all a sick game and one I am going to pay no more attention to.

The US/International banking system controls the world and all that's in it for, among other reasons, the simple fact it has control over the electronic network, and printing presses.

I am afraid Mogambo and Co. are just clanging cymbals in a very large orchestra.

This will continue until it can continue no more...Most likely untill someone realizes it will be more profitable to fight one another than to trade with one another.

[abelardlindsay]

I used to read Daily Reckoning and then realized that it was the same thing every day over and over again for years. That and a lot of meaningless self-indulgent BSing about the world from Mr. Bonner in my humble opinion.

[MrBill]

$this->bbcode_second_pass_quote('abelardlindsay', 'I') used to read Daily Reckoning and then realized that it was the same thing every day over and over again for years. That and a lot of meaningless self-indulgent BSing about the world from Mr. Bonner in my humble opinion.

[jaws]

I like Bill Bonner. I envy his lifestyle.

[Vexed]

(miibshiapft)

!!!!

[mark]

I’ve been reading ‘Mogambo’ for nearly two years thinking he’s the brightest economist in popular media. I’ve watched oil, gold and silver climb from $35.00 to $75.00, $420.00 to $720.00 and $7.00 to $14.00.

But something has changed in the last two months. Don’t know what but I speculate – perhaps the rest of the world is waking up to the idea that the US has become a Fascist dictatorship. Perhaps what we think we know about the world, we don’t.

Whose reality is it?

Where once I was confident that commodities and interest rates would soar and the dollar tank; now I’m not so sure. I feel the ground has shifted and new things need learning.

What a fascinating time!

[MrBill]

$this->bbcode_second_pass_quote('mark', ' ')

Whose reality is it?

Where once I was confident that commodities and interest rates would soar and the dollar tank; now I’m not so sure. I feel the ground has shifted and new things need learning.

What a fascinating time!