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Posts by: The Mogambo Guru

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The Mogambo Guru

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.

  1. Daily Reckoning

    China: Where Money Is Treated Best • April 18, 2011

    “9% Unemployment Rate is a Statistical Lie” is a pretty catchy title, and being the kind of vicious little rat that I am, and who suspects treachery and betrayal at every turn, I naturally take a look at it to confirm my worst suspicions. The bad news is that it is, indeed, scary stuff! The …Read more…

  2. Daily Reckoning

    Buying Gold on the Price Inflation Guarantee • April 15, 2011

    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 …Read more…

  3. Daily Reckoning

    Awaiting the “Zero Hour” of Available Credit • April 14, 2011

    I watch expectantly as the national debt again nears the debt limit, and Zero Hour is just a few weeks away, a term I cleverly used to indicate that available credit will be zero. Maxed out. I let it go at that, as I am not inebriated enough to get up on my high horse …Read more…

  4. Daily Reckoning

    The Long and Short of Spending More Than You Make • April 13, 2011

    Breakfast was a real drag, as the kids were whining more loudly than usual about money, and how they needed some money, and how they didn’t have any money, and how they were the only people they knew that were not dripping with cell phones and iPods and reader tablets and all that stuff, like …Read more…

  5. Daily Reckoning

    Living Well on Gold and Silver • April 12, 2011

    Naturally, I bristle at people ignoring me except to say hurtful things, like, “Eww! Gross! Eat with your mouth closed!” and who then turn right around and say, “Shut up about buying gold and silver!” But how do I not eat and talk? Man, it has been said, cannot live on bread alone! Unless, of …Read more…

  6. Daily Reckoning

    Government Spending Screws the Little Guy • April 11, 2011

    Joel Bowman, managing editor of The Daily Reckoning, is in Argentina, and it looks like he is discovering that the corruption that comes with creating more money, so that the government can stupidly spend it, is now everywhere, and, indeed, the ugly end result is everywhere, too. In his essay “The Unfortunate Sate of the …Read more…

  7. Daily Reckoning

    Stopping Inflation, the Federal Reserve Way • April 8, 2011

    I was explaining to my boss that firing me would not solve the company’s problems, as the corporate rot goes a lot farther than that, mostly due to the stupid Human Resources department hiring so many morons, a dismal fact I have proved over the years by merely asking each one, in turn, “Do you …Read more…