The Mogambo Guru

09/12/07 - Dollar Index Can't Flex its Puny Muscles

09/13/07 - Money Won't Supply Your Soup Spoon

09/14/07 - A Peek at the Peak Oil Problem

09/17/07 - The Wages of Economic Stupidity

09/18/07 - Welcoming the End of the World

I am deep inside the Mogambo Last Line Of Defense Bunker (MLLODB), locked and loaded, and scared out of my Freaking Mogambo Mind (FMM). Total Fed Credit was up $6 billion last week, which was about par for the course for a Federal Reserve that has interpreted its mission as the total destruction of the United States and its money by urging us to gradually borrow-and-spend ourselves into bankruptcy and an inflationary hell by lowering interest rates until we do.

To those of us who were watching the loathsome Alan Greenspan all those years, this is nothing new, as is my venom about the whole stinking mess.

The thing that WAS new was the surprise in the Fed's account called, "U.S. Government Securities Bought Outright", which was down last week! Down! By $5 billion! They were not creating money, but were instead soaking up a little money from the banking system? Whoa! This can't be right! What in the hell is going on here?

As mysterious as that was, there is nothing mysterious about the dollar falling in value, thanks to the Federal Reserve always creating more and more of them, and thanks to the desperate, no-holds-barred government actions behind the scenes, which are always a sure sign of a government in Deep, Deep Trouble (DDT).

Now the poor old buck has broken the 80 level on the dollar index, a historically significant milestone of sorts, as there are rumored to be lots and lots of big bets using that level as the dividing line between breaking even and getting killed by the exchange rate of the dollar.

As I recall, whenever the dollar heretofore fell below 80, bad things subsequently ensued, as prices for things went up and caused a lot of misery. And not only for us, but for everybody, as any foreigners getting paid dollars under a contract signed weeks or months ago (or, horror of horrors, years ago!) is experiencing what is officially known in currency exchange jargon as the Royal Screw Job (RSJ) when they try to convert those dollars into units of their local currency, and they see with horror how they get fewer and fewer of them as time goes by, and pretty soon the stupid owner of the stupid business is sending your stupid supervisor into your office yelling something that sounds like, "Ha chow, mu gow!" which is (as I understand it purely from context) an ancient Chinese idiom that translates loosely as, "You stupid idiot! Pack your stupid crap and scram, because you are fired!"

The problem is so familiar that I smile in warm recognition, which is that the owner's wife, like everybody's wife, like my wife, wants all the money that the husband has, just to spend on herself and the damned kids, probably for clothes, proper nutrition or medical attention for their numerous imagined ailments that they are always whining about (e.g. "But daddy, my arm really is broken!"), all of which are expensive. And now the poor guy is getting even less money per day because of the stupid contract denominated in dollars, and the stupid dollars buy fewer and fewer of the local currency, so he makes less profit! Less!

The foreign business owner's problem is that dollars that are being inflated to worthlessness, which I hesitate to bring up because many of you are clearly tired of my same old Typical Mogambo Rant (TMR) about inflation and how it is an economic and societal killer, and how incomes always lag the rise in prices, making people upset, and making me upset AND angry because I actually KNOW that it is a government plot, and that naturally leads to calls for Americans to rise in noisy righteous outrage and to follow The Mogambo, rallying behind his Mogambo Flying Fists Of Outrage (MFFOO) to march on Washington, D.C., a juggernaut on a rampage of open rebellion, proceeding relentlessly from one taco stand to another, and from one vendor of tasty beverages to another, and then to anywhere that has a toilet, the whole freaking way.

Instead of subjecting you to that again, I will merely turn the podium over to Scott Burns, appearing courtesy of DailyReckoning.com. He reports, "wages grew less than inflation during eight of the nine years between '88 and '96." Yikes!

I had anticipated that you would be saying things like, "That was more than ten years ago! Then what happened?" My plan was to jump up and comically say, "It got worse! Hahaha! We're freaking doomed!"

But almost as if on cue, I was preempted by Mr. Burns immediately saying, "Then, in the most recent 10 years, wages beat inflation in almost two of every three years. But the gain was so slight - just $10.61 per week for the whole period." Hahaha! What? 26 cents an hour is the total gain? Hahahaha!

In short, "Incomes have been stagnant for at least a generation." And that exquisite phrase means that nobody made squat in higher income in almost 20 years! This is the genius of the Federal Reserve's management of the economy? Hahahaha!

And to see the horror of that, compare that with the huge, gigantic, unbelievable rises in the size and cost of government, which is still rising exponentially today, and is being paid for by just 120 million of us non-government worker guys, whose incomes are not going up.

Hey! I was right! We're freaking doomed!

If you want to know the kind of news that makes my heart lurch with an audible "Urk!", it is perhaps best exemplified by the knowledge that the money supply is rising at a rate of over 14% per year.

If you are innocently asking, "Whose money supply is rising so alarmingly that inflation in consumer prices will destroy that country, and therefore a terrific strategic plan would be to set up underworld contacts and smuggling routes now, in preparation of making a fortune in the arms and contraband smuggling racket, as the future becomes a bitter class struggle between the government and desperate, rebellious citizens?"

I begin my enlightening answer with a joke to lighten (get it? Lighten and enlightening? Well, screw you, too, then!) the mood, in contrast to the heartbreak of raw reality. So, I say, "It don't make no damned bit of difference whose money supply! Somebody is freaking doomed! Hahahaha!"

My lonely laughter echoes across the auditorium, and I see that I got no laughs with my lame attempt at humor. I make a mental note that the audience is either a bunch of stupid chumps who wouldn't know real comedy if it came up, lifted its leg, and peed on their damned shoes, or they are so smart that they understand the frightening inflationary implications of a rapidly expanding money supply and are unable to laugh at the horror of it.

Either way, I immediately reveal that it is, alas, the U.S. money supply that is growing so fast! Gaaaaah!

So if you never had the pleasure of hearing me say, "We're freaking doomed!", prepare yourself for a real treat, as I will now use a famous line from Marlon Brando's portrayal of Fletcher Christian in Mutiny on the Bounty as I bellow, "We're freaking dooooOOooommmmmed!" in your stupid face and urge you to pray to "whatever pig-god you pray to" to be somehow magically spared the inflationary horror.

I know that you don't believe me, and I would have no respect for you if you did, so instead I will turn to Addison Wiggin of the 5-Minute Forecast at DailyReckoning.com, who cleverly reveals the truth with some adroit juxtaposition, and first presents Bernanke as soothingly saying, "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions", and then immediately qualifying that remark, "But developments in financial markets can have broad economic effects felt by many outside the markets, and the Federal Reserve must take those effects into account when determining policy." Hahahaha!

I love this! Now, the next time one of those snotty little social workers comes over here, knock, knock, knocking on my door, complaining about my stupid kids acting like the destructive little juvenile delinquent morons that they are, and always coming up with the same tired conclusion; the father is at fault! Me! It's always my fault!

And so I always ask them, "My fault? How in the hell can it be my fault when I keep them locked in their rooms so that I never have to even see them or their faces at all, ya stupid government morons?" and they just push past me like I'm not standing in the doorway and proceed to "rescue" everybody!

Now, thanks to Ben Bernanke, I can proudly fling open the door and say, my eyes flashing and my voice dripping with smarmy contempt, "I know that it is the responsibility of a parent to teach their children not to be worthless, criminal trash, but now so many people make their living from them, such as law enforcement personnel, bail bondsmen, bartenders, lawyers, jailers, graffiti removers, streetlamp repairers, beer can picker-uppers, automobile recovery and repair industries, whole swaths of unemployable social deviants who make a living selling drugs and contraband, social worker morons like you wallowing around in the mess and blaming innocent fathers, and many other people 'outside their sphere of influence' that all now have to be taken into account when determining Proper Parental Policy Response (PPPR). So why don't you take your little forms, and take your little court orders, and take your big, nasty butts off my property? Hahaha!"

And this new legal maneuver of being mindful of "broad effects" is going to be sooOOOooo sweet at work, too! So sweet!

And the effects of the Fed "considering the broad economic effects" is going to be equally as bad, which brings up the perennial question "And just what in the hell is that supposed to mean?" For an answer, I turn to Junior Mogambo Ranger (JMR) Michael, who writes of his "90-year old parents" watching the "goings on in the world and stock market" through the eyes of direct experience. He goes on to say that "they thoroughly believe that their generation has failed to convey the proper morals-beliefs to the B-Boomer generation, and even less to the generation following. They say the result is that we have to replay the 1930s all over again, except much worse."

The good news is that they "offered a few more suggestions" about lessons they learned the last time the Federal Reserve acted like a bunch of buttheads and created the Great Depression by creating too much money and credit:

"1. We hope you can sell that foreign car you spent too much money for.

"2. Get a good pair of shoes as you will need them to walk from place to place while begging for the jobs you sent overseas.

"3. Obtain good negotiating skills, as you will have to go low enough to displace foreigners you have let in to our country illegally because everyone wanted to profit from under-priced labor.

"4. Eat right. You don't think a hospital will waste resources on anyone over 50 do you? They did not back then!"

The funniest and most practical advice was:

"5. Obtain a favorite cup and spoon, because even at the soup kitchens of the 1930s, you had to bring your own."

There are a few people who ask me to rebut the argument that oil will go down in price, thanks to a slowing world economy and the increased use of alternative energy resources and the "fact" that the world has zillions of barrels of oil still waiting to be pumped. By now, my response is automatic; "Oil go down in demand or price? What a load of hooey! You're a stupid freaking moron!" To which they always bizarrely reply, "Oh, yeah? Well, screw you!"

For proof of my Bold Mogambo Assertion (BMA), I present Matt Simmons, author of the book Twilight in the Desert, being interviewed by Jim Puplava at the Financial Sense Newshour. Mr. Simmons says, "crude oil supply peaked in the spring of 2005, and it's now about a million barrels a day lower than it was at that peak."

There! There it is! This is the reference to peak oil that I was looking for! It is the perfect bit of delicious data allowing me to modify my answer about peak oil by saying, "Oil go down in demand or price? What a load of hooey! Peak supply occurred in 2005, which you don't know because you're a stupid freaking moron!"

Originally, I had wanted to animate my little PowerPoint presentation to show the cumulative long-term effects of peak oil, meaning that the amount of oil pumped out of the ground will be going down, faster and faster, which is bad news when demand is going up, faster and faster, and over ten years or twenty years or fifty years or so, the cumulative exponential change in each of them resulted in a crossover price that was so frightening that I went freaking bananas about how oil priced at those insane levels means that we are all freaking doomed!

Mr. Simmons is apparently not interested in my clumsy, amateurish analysis or my hysterical conclusion, but implies that I am right about this price thing when he says, "I think the starting place is to realize how unbelievably important the use of modern energy, oil and gas and electricity, is; and two, how ridiculously priced it still is."

How ridiculous? By way of answer, he warns us to not to, "fall into a financial funk when the price doubles, because it needs to double or triple."

I think it was important to notice that he did not warn us not to "fall into a fit of hysterical outrage and spontaneously form into large, drunken mobs, marching on Washington, D.C. to take over the Federal Reserve and put it into the Capable Hands Of The Mogambo (CHOTM), a man who knows exactly how to efficiently fire people ("Scram!"), because he has been fired so many times, and whose qualifications to be chairman of the Federal Reserve come from also being a man who knows how to live within his budget because he never has any money, since he is too stupid to ever get a job and too disinterested and lazy to even try getting one, so holding the money supply constant, like the Founding Fathers wanted, through complete inaction comes completely natural to him!

However, this is not about another one of my psychotic episodes concerning world domination in a Reign Of Mogambo Terror (ROMT), but instead about "the race for energy in the Arctic" and how the Russians have recently claimed the North Pole as theirs, which is supposed to be significant because they "casually said 25% of the world's reserves are in the Arctic."

I, of course, immediately swallowed it hook, line and sinker, but Mr. Puplava was skeptical, and said, "Where do they get that figure?" Mr. Simmons replied, "They read it from somebody." Hahahaha!

He goes on to say, "I mean, it doesn't make any sense. We haven't discovered any oil and gas in the Arctic. But if you're modeling and you're trying to look, you can't really say Arizona and Nevada because we've proven there isn't any oil there. So you pick an area we haven't ever been to because therefore there's no way to prove that it's not there." Hahaha!

This amazing "no way to prove it's not there" thing is kind of coincidental, as I am getting ready for my appearance at this year's Silver Summit in Coeur d'Alene, Idaho next week, which is always my last appearance for the year, as I usually spend the rest of the calendar year volunteering to appear at parties as an educational attraction, dressed either as a jovial Halloween monster in October reminding everyone that "The inflation of the American government and its lackey, the corrupt Federal Reserve, are going to rip the guts out of you and your stupid little family by killing your money and wealth by creating too much money and credit!", or appearing as a festive turkey at family gatherings on Thanksgiving where I helpfully explain "The inflation of the American government and its lackey, the corrupt Federal Reserve, are going to chop your head off and then cook and eat the miserable carcasses of you and your stupid little family by killing your money and wealth by creating too much money and credit!", or as a jolly Santa Claus in December where I make a present of the advice, "The inflation of the American government and its lackey, the corrupt Federal Reserve, are going steal all of your Christmas presents and then use the ribbons to strangle to death you and your stupid little family by killing your money and wealth by creating too much money and credit!"

So you can see it is also my last chance this year to visit Wallace, Idaho, which is famous for a legal ruling of an infamous EPA argument, subsequently called "probalism," that is defined as, "if a negative can't be disproven, it must be true."

The quick-thinking David Bond, of silverminers.com, immediately recognized the enormity of this astonishing precedent and cleverly seized advantage of it by having it declared that Wallace, Idaho is the exact center of the entire universe! And thanks to the EPA and their new "probalism", since nobody can prove it isn't, then it is! Hahaha!

I plan to register a couple of new truisms at Wallace, that Wonderful Place Where Facts Are Certified, namely that The Mogambo is "The One True Love-Child Of Elvis Presley" and also that "Everybody Owes Me A Living", probably by appearing on talk shows (Host: "So what is it like to be the One True Love-Child of Elvis, where hordes of panting, lusting, good-looking babes who are so mentally ill that they make headlines around the world clamoring after you because of the official genes of Elvis Presley that you officially carry within your Lusty Mogambo Loins (LML)?" Mogamb "It's fine").

I once met James Howard Kunstler, made famous as the author of The Long Emergency, in a bar, and I think he implied that I was not as stupid or repugnant as he was led to believe, and although he did not actually, you know, use those exact words, you could kind of tell that is what he meant, if you thought about it long enough.

Anyway, he has a new essay titled "Back to School" at 321Gold.com. The title refers to the line, "America, you're about to go back to school the hard way."

I raise my hand and say, "Mr. Kunstler, I am struck by the use of the word 'school', which seems such an odd metaphor to use to refer to the economic calamity beginning to engulf us, and thus I am enlightened at how different our childhood backgrounds are! After hearing this, I realize that I had it pretty cushy as a teenager, as going to school did not mean rioting, wars, mass bankruptcy, unemployment, shortages, suffering, starvation and wholesale misery, except for the misery I caused for my school classmates who were my enemies for any of a whole variety of reasons, such as (for instance), because they had nice cars, or were popular, or even who sat near me in class, but who paid, one and all, for their folly! Hahaha!"

Horrified, Mr. Kunstler instantly realized his mistake in thinking that everyone would obviously comprehend his point that the "going back to school metaphor" was used to mean that we are going to learn something educational.

But I am way ahead of him, and I rudely barged ahead by saying, "What we are going to learn is that the 'wages of sin' may be death, as the Biblical saying goes, but the 'wages of economic stupidity' are where actually dying is taking the easy way out, you little cowards, as the economy is a living hell. Where the living envy the dead! Envying the dead! Who are in hell! How freaking bad does it have to be when you are jealous of people who are freaking dead and in hell? Very, Very Bad (VVB)!!! I mean, look at the use of three exclamation points, for God's sake!"

Mr. Kunstler, in a panic, immediately and cleverly switches to a new tack, and with a completely different metaphor, says, "Bad financial paper, like rust, never sleeps." Well! That's more like it! Exactly! Now we're talking! I am relieved to silence, which is probably what he wanted to start with.

Wanting to get back on his good side, I interrupt to congratulate him on the revised metaphor, and I say, "I comprehend the delicate use of the metaphor that rust makes things rot away, like plumbing pipes, sometimes to the point where there is a leak, and then you call in a plumber who (for some reason) thinks you have a million spare dollars just sitting around in dusty bank accounts or something, and who thinks that you ought to give HIM a big chunk of that money to fix that one lousy little leak!

"And so you tell him 'Oh, yeah? Well, screw you!' and you try to fix it yourself, which goes along pretty well for a while until something (I don't know what) somehow goes awry, and now there are several leaks. So you call the plumber back, and he says that to fix five times more leaks is only going to cost me twice as much!"

He looks at me with a pained look that said, "What in the hell? Who IS this moron and why is he always interrupting me?" So I attempted to explain that my problem is that "My long familiarity with statistics figured the new way, the official way, the Federal Reserve way, the U.S. government way, allows me to quickly realize that with the price per leak dropping as the number of leaks rises, then the whole job will be done for free if I can poke enough holes in the pipes, right? Right? So, I should go around the house poking holes in the water pipes?"

A strange look crosses his face, and again he switches tacks in his growing desperation to either get me to shut up or just go away. Thinking for a moment, he decides to talk about the money and what is going to happen. "The scores of billions of dollars and euros that central banks have poured into the maw of losses lately," he writes, "will only paper over the essential problem for another few weeks, at most. The damage to global structured finance has been done, and it can be stated rather precisely: a widespread recognition that it's not possible to get something for nothing, after all. And that when you hold a lot of paper that was gotten for nothing, and put it up for sale, nothing will be offered for it. What a surprise."

I don't know if he was referring to me or what, but he surprisingly said, "I apologize for what has been a rather excessive spewage of mixed metaphors this week, but the extreme abnormality of events has just got me going."

And what does he mean by "extreme abnormality"? "Sooner or later, though," he explains, "millions of shlubs dependent on pension checks, or annuities, or monthly payouts of one kind or another will notice that something has stopped landing in the mail box. Repo men with bad haircuts and tattoos will be driving other peoples' cars to the auction barn."

In a weird piece of happenstance, his last point was made last week when I was at a party, and a guy named Ricky told me that he unfortunately doesn't have a spare $50 to loan me, or even $20, or even $5, but he said that maybe I could make some money by helping a guy he knows who is in the repossession business, and he is making a freaking fortune these days with all the repossessed cars and stuff he is picking up, and so I naturally told him, "I want fifty bucks, not a stupid job, you moron!" and the guy was real cool towards me the rest of the night, like I care if some lowlife deadbeat, who doesn't even have a lousy $5 to loan a complete stranger like me, likes me or not.

Welcoming the End of the World

Junior Mogambo Ranger (JMR) David B.C. was amused at a blurb from AP, which read, "The dollar, which is often treated as a hedge against gold prices, was mixed in afternoon trading." Hahaha! Fabulous! What a world! The dollar as a hedge against gold prices! Hahaha! Too much! And getting spookily correct, too!

But then, lots of spooky things are off the charts lately, such as Kevin Kerr in the Resource Trade Alert newsletter saying, "Kernel counts for corn are poor, and with all this wet weather, many soybean crops are underwater or will get hit by mildew and disease. Not to mention the fact that farmers simply can't get equipment into the fields. Heck, you'd need a combine on pontoons in some places. High hopes from planting intentions in April now seem like a distant memory. I expect bean yields will be awful and corn to be much lower weight and quality than projected."

Always looking for an opportunity to be the center of attention, I quickly realized that this was another perfect opportunity to demonstrate the delicate dance of the Supply-Versus-Demand Dynamic, and how that determines price in the free marketplace. So I started gathering up my charts and graphs, but before I could get ready, a horrified Mr. Kerr quickly sums it up as, "All this means even higher prices, especially this winter."

Higher prices in winter? Brrr! "Sounds miserable," I think to myself, "but not the end of the world!" This was immediately, directly contradicted by Doug Casey in his essay, "The Greater Depression" at DailyReckoning.com? He writes, "Let me cover the big picture. I do think we're approaching the end of the world as we know it." Hahaha! What a card!

Apparently, Mr. Casey and I have the same general sense of humor, as this is the same gag I used on the family last September, as a sort of "early Halloween" trick. I sat them all down and somberly told them how I was sorry that we were in big financial trouble and how we were approaching the time where, to survive, I was going to have to kill them all for the life insurance money and bravely start over.

Well, they did not think my little joke was funny at all, even when I took the time to explain the humor in it, like if I were REALLY going to kill them, I sure as hell wouldn't tell them about it beforehand! Jeez! What morons!

Then, horrified, I saw that Mr. Casey was telling the truth; he thinks we ARE approaching the end of the world as we know it! After thinking about it, I realize that this may be good news, as I was getting pretty tired of the "old world as we know it", which is the one where my job is hanging by a thread, the traffic is always heavy and backed up, where everybody is out to get me, and the neighbors are always accusing me of things, like trying to shoot them if they step over onto my property, and I have to tell them that if I wanted to shoot them, I'd have shot them, either between their stupid little beady eyes or their stupid fat butts, depending on the circumstances, and the reason I shot a hole in their stupid garage door is not because I missed them, but as a reminder about stepping onto my damned property! Jerks!

Anyway, I was just joking with the family about the insurance trick, but now I am thinking ("Hmmm!") that maybe I ought to look into this insurance thing a little more closely. Mr. Casey is too savvy to be drawn into my weird, ugly little world, and sticks to the economics of it all by saying, "I think there is such thing as the business cycle."

Me, too! So there are TWO of us that can stand, shoulder to shoulder in solidarity, outside of the Federal Reserve building in Washington, D.C., heroically shouting, "The Austrian economists were right, and there IS such a thing as the business cycle, all caused by you Federal Reserve weenies creating the money to buy a boom, which sets up the bust! So tell Bernanke to come on out here so my buddy Doug can kick his butt!"

Mr. Casey, obviously alarmed at being arrested for making a stupid point that nobody seems to care about, immediately gets the conversation back on track, namely about the business cycle with its booms and busts, by saying "We've had the longest expansion - and the strongest expansion - in world history. But we're at the end of a 25-year boom. It's gone on more than a full generation now. And I'll tell you how it's going to end: It's going to end with a depression, and not just a depression; not just another Great Depression; it's going to be the Greater Depression." Boom! Yikes! Mega-yikes!

Then he asks, out of the blue, "What's a depression, incidentally?" Instantly I am alarmed and feeling cornered, as I figure that he is talking to me, and I have no idea how to define "depression", and the last thing I want in this world is to have another person tell me what an idiot I am, especially someone of Mr. Casey's stature. So I pretend to get an important, important call on my cell phone, and it works! He immediately defines a depression as "a period of time when distortions and misallocations of capital are liquidated; that's called a depression."

The use of the word liquidated makes me think of how the movies had old-style commies, Nazis and various unsavory other bad guys going around "liquidating" people, and that's pretty depressing, so I can see how capital being liquidated would classify as a depression, as your portfolio, your house, your retirement accounts, your "collectibles" and damned near everything you own goes to squat, including your stupid little job and your stupid little life, which may be what prompted him to say, "Another general definition of a depression is this: a period of time when most people's standard of living goes down significantly".

And I already knew that people's level of anger about having to "make do with less" changes in reciprocal lockstep with the fall in the standard of living, more and more, year after year, until some tipping point is reached and one day people are so angry and so miserable that things suddenly explode, and history has another huge discontinuity, and then after awhile they will be so miserable that they will try to break into the Fabulous Mogambo Bunker (FMB) in search of items to relieve their suffering, which turns it into tragedy before they even got close. That's how you define "depression." Ugh.

Mogambo sez: The official Mogambo-Approved Investment Portfolio of holding nothing but gold, silver and oil has again vaulted to the top in terms of sheer investment performance, as precisely calculated The New Government Way; by taking a rough estimate, fudging a few numbers in my favor and disregarding anything that would tend to prove that I am lying by head off.

Of course, the media is in a frenzy, and wants to know things like, "What now?", and "What should we do?", and "Do you know you have coffee stains all over your shirt and that your zipper is down? We can see your Scoobie-Doo boxer shorts, dude!" and they all laughed and laughed, until I informed them that I had pulled my zipper down on purpose ("Not all poems are written with a pen!"), and that my Scoobie-Doo undergarment was not a pair of boxers, but a thong of the especially tiny variety, and they all went "Eeewwww!" like they'd never seen a thong before!

But as for the question "What now?", the answer is obviously "The trend is your friend", so prices of gold, silver and oil will keep rising.

And as for the question "What should we do?", the answer is "Buy more gold, silver and oil, you moron! What in the hell did you think you should do?'

But you won't, because you haven't, and you won't until it is too late, if then, and that is why you will always have to work at a stupid job, all your life, doing crappy things like interviewing a leering lunatic who got lucky in the market, and whose zipper is down, for crying out loud, as if he was not disgusting enough to start with.

So don't let this happen to you. But gold, silver and oil today!

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The Mogambo Guru is quoted frequently in Barron's, The Daily Reckoning and other fine publications.

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