MOGAMBO GURU: "This Is One Big Freaking Humongous Butterfly"

Richard Daughty, the angriest guy in economics -- World News Trust

The next time you hear anyone say something like, "Ben Bernanke, the new chairman of the Federal Reserve, wants to be known as an inflation fighter," you have my permission to walk up to them, flash your Mogambo Junior Ranger badge (demonstrating your authority), slap their face hard, and say, with a voice dripping with caustic, contemptuous tones, "Ha! In the name of The Mogambo, I officially laugh at you and punish your stupidity, sir or madam!"

The reason for such drastic measures is: 1) that I am really grumpy this week, and 2) Mr. Bernanke has never actually said that he has any interest in being known as someone who controlled inflation, and thus your victim's stupid remark comes at the same time as official inflation (thus, manipulated into a soothing lie) hits 4%, at the same time as the global money supply is surging at 300-400% of the growth in GDP, at the same time as houses are appreciating at 12%, year after year, at the same time as the national debt is at $8.27 trillion dollars!

I know what you are thinking. You roll your eyes and think, "What in the hell does this idiot Mogambo think this old history crap has to do with anything?" Responding to the stinging rebuttal, I swallow my rage and immediately go on to note that more recently, like last freaking week for instance, we have Bernanke himself goosing Total Fed Credit another $4.95 billion. This is the famous "money out of thin air" that we have all heard about. That was last week alone. So, are you happy now? Huh? Are you? Is that recent enough for you, punk? Is it? Look at me when I am yelling at you! Good. I'm glad we got that cleared up. See? I told you I was grumpy.

Anyway, to make matters worse, the Fed bought up, for itself, $2.2 billion in government debt. Hahaha! What a scam! The Fed snaps its fingers and creates $2.2 billion, and then uses it to buy $2.2 billion in government debt! Hahaha! What in the hell can you do but laugh at the sheer audacity! Somehow, a government creating more and more money and spending it is not, for the first time in history, going to turn out to be a BAD thing? And especially one where the money is just paper and computer blips that they can create on a whim? Hahaha!

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http://worldnewstrust.org/modules/AMS/article.php?storyid=2582

... $2.2 billion to buy back their debt and hands out corp welfare like it's candy and beads at the Mardi Gras Parade at the same time passes cut backs in assitance for many in real NEED and legislation so the working poor can't even go bankrupt when their debt to income ratio is overwelming them. :grr:



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