Best Coffee: Kids Making Money

The Mogambo Stupidity Prize (MSP) is a not-so-rare honor bestowed to highlight the laughable kind of stupidity about inflation that is so prevalent these days that I find myself screaming at the radio, the newspaper and the TV, wildly ranting, arms akimbo like some kind of demented old man, about how inflation is the Worst Thing That Can Happen (WTTCH), working myself into a fit of uncontrolled anger that goes beyond “outrage” and into some dark, dangerous place in my heart where enemies, both real and imagined, are rounded up and thrown into a hellish prison, and I reign victorious in abolishing the Federal Reserve, reinstalling the gold standard for the US dollar, thus abolishing inflation forever and becoming a national hero whose courageous victory will live forever in the hearts of the people and in the history of the United States and the world, which quickly realized the beauty and simplicity of the gold standard in delivering stable prices and higher standards of living for everyone, instead of the grinding misery and suffering of inflation under a standard of expanding a fiat currency.
Thus, I will be loved and revered by everyone, except possibly my kids, who will probably still be insisting that they will hate me forever unless I let them go to Disney World with a guy they know as Dave, and his girlfriend, Krystal, who is a professional-pole dancer.
Naturally, I replied, “Disney World? Pole dancer? Sure! But only if I can come, too!”
They rudely said, “No” and made disgusting gagging noises. So I, indignantly, said, “No!”, too, but with an exclamation point to show them I was serious and my feelings were hurt. Ergo, the aforementioned “hate unto death” pour moi.
But that is not important, if a cataclysm of inflationary horror that will destroy the USA is not important, because we were originally talking about the Mogambo Stupidity Prize (MSP), but somehow veered off into another of my rambling harangues about the Federal Reserve destroying the purchasing power of the dollar with their relentless, ruinous, catastrophic over-creation of money, which seems important to me in that “You are soon going to be killed. Do you want to know why?” way, which seems to satisfy a basic human hunger, as evidenced by a lot of movies showing a guy dying of a gunshot wound, and he says to his killer, “Before I die, I want to know your name!”, which is pointless because he will be brain-dead in a few minutes and he will forget whatever name he hears. Moron.
Abruptly, I now veer BACK to the subject, which is to announce that The Financial Times is this week’s winner of the MSP in recognition of their winning entry in a January 8 editorial where they wrote, “Higher prices are not something to be scared of. Indeed, they are a necessary precondition to make supply catch up with demand.” Hahaha!
Higher prices are not something to be scared of? Hahaha!
You know that this is stupid AND funny because of the way I laughed “hahaha!” each time I wrote it, which was, at last count, two!
Well, as you knew I would, I have some Hot Mogambo News (HMN) for these Financial Times weenies: Higher prices ARE something to be “scared of” because it is exactly tantamount to saying, “Getting a bad, debilitating disease is not something to be scared of. Instead, it is a precondition to making advances in medicine catch up with demand.” Hahaha!
I wonder how these Financial Times morons would like to suffer from disease until production of curative medicine increases in response to the demand for cures, in the meantime suffering more and more, and then more and more suffering every month, suffering and suffering until, hopefully one day, the supply of medicine catches up with demand, and their disease is cured, although they will suffer a permanent decrease in health from the damage done.
They surely must like it as much as they like inflation, paying higher and higher prices for food until production of food increases in response to the shortage causing the higher prices, paying higher prices, and then more higher prices, and then more and more, every month, higher and higher, and then the prices of everything else go up in price, too, higher and higher, month after month, businesses being pressured to raise the “wage” part of that important land, capital and labor triumvirate, as are sellers of land and credit, even though your income will surely not increase along with prices, meaning that you will have spent so much money on subsistence rather than investment that you will have suffered a permanent decrease in financial health from the damage done.
As for me, I choose not to suffer inflation at all, and merely buy gold, silver and oil, which is so easy that I cannot help but exclaim in a giggly kind of rapturous glee, “Whee! This investing stuff is easy!”
The Mogambo Guru
for The Daily Reckoning

Inflation and the Damage Done originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."

OFF TOPIC ALERT:

I haven’t seen MM cover this yet and it needs to be known!!! Please forgive me if she has already covered this and I just missed it!! The “Together We Thrive” T-shirts that starred at Wednesday’s Arizona `Memorial’ originated from Organizing for America a sad fact unearthed by The Drumbeat of Liberty and the Preservation of Freedom editor and Canada Free Press (CFP) columnist Robert Rohlfing.

In the controversy of the pep rally/rock concert style Memorial for those who lost their lives in Saturday’s Arizona tragedy, the mainstream media reported that the “Together We Thrive: Tucson & America” T-shirt given to mourners as they entered McKate Center was the idea of University of Arizona brass, not the Obama administration.

Yet the “Together We Thrive” slogan dates back to a post to Obama’s own Organizing for America in a Feb. 11, 2008 post by self-described “globalist” John Berry IV.

More than passing strange that the Obama campaign message of civility was the same on Feb. 11, 2008 as it was in his Wednesday Memorial speech, and the same one, too carried by the mainstream media in coverage of the Memorial. 

“For too long Americans have been set one against the other. It is a side affect of a free market society,” Berry IV posted. “How can profits be maximized, how can I get the work down for the lowest possible costs. This continually sets one group against the other, especially in the blue collar sectors of America. It has become part of the American Business model, whether it was indentured servants, slaves picking cotton, sharecroppers, the industrious people that built the railroads or today’s migrant workers. As long as we remain divided, fighting for the scraps that America has to offer it will be one group against the other.

“What I see in Obama is a chance for revolution. (Italics CFP’s). A chance for every group to be heard; A chance to live the American dream that has been denied to so many…

“In a previous career, I was the global leader of Diversity for a global fortune 500 corporation. I have studied the affects of diverse groups working together and the results can not be denied. Together we Thrive!!!!!!!!!!!!!!”

University of Arizona brass did not originate the “Together We Thrive” T-shirt. They merely recycled it for Obama—and recycled it in time for what should have been a dignified Memorial for the dead.

If you were a mourner who took home a “Together We Thrive” T-shirt have a look at the bottom of your shirt. “Rocking America and Rocking the Vote” is a common theme of the DNC, and it’s right there on your Memorial T-shirt memento.Welcome to the era of Obama, where cheering and standing ovations, for the first time in history, became part of the Requiem for the Dead.

http://my.barackobama.com/page/community/post/johnberry_iv/C94H

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Monday 24 January 2011

Kids Making Money

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