MOGAMBO GURU: "Hold It Right There Mogambo, You Stinking Pervert!"

[Tace]

Richard Daughty, the angriest guy in economics

So there I am, looking like an idiot, huddled in the famous Secret Mogambo Bunker (SMB), doors locked, defense systems set to "Hair Trigger" and I am waiting for the end of civilization due to the continuing insanity of monetary, ummm, insanity. But then I saw that the Federal Reserve did not increase Total Fed Credit last week, and indeed actually shrank credit by $2.6 billion, which ain't a lot, I'll admit, but it's like taking a girl home after a first date and trying to kiss her goodnight, and she gives you a little peck on the cheek. It ain't much, but it is better than the usual, which involves a lot of screaming and her dialing 911, and I'm running down the street, and here come the cops cars careening up with their stupid flashing lights and their stupid bullhorns yelling, "Hold it right there Mogambo, you stinking pervert!"

So while Total Fed Credit didn't go down by much, it is MUCH better than the alternative, which, after 18 years of the horrid Alan Greenspan at the helm of the Federal Reserve, is to always increase money and credit with every breath, day and night, which inflates both total debt and the money supply, which devalues the money, which inflates prices, which makes poor people do terrible things in their frantic desperation. As I learned when my wife woke up the morning after our wedding, "frantic desperation" seems to involve a lot of horrified screaming and hurling sharp cutlery in my direction. So I have a fear of people in the throes of "frantic desperation," which explains why I am in full lock-down mode here in the Mogambo Fortress Of Steel (MFOS), and I am sure that I don’t have to remind you to not make any sudden moves, sucker. And keep your hands out in the open where I can see them.

I actually turned off the perimeter-scanning radar set when I also saw that the Fed did not buy much government debt, either, only about $511 million, which I realize is not a lot of money to them or to an important big shot like you, but to the mentally-ill street bum segment of the population, it represents almost 150 million bottles of really cheap wine, which, among the folks in my crowd, is enough to last almost all weekend.

So I was pretty calm by the time I saw that the Treasury issued $2.5 billion in actual cash last week, which is irritating as hell, knowing that the CIA is probably using that money to fund the ugly things they do "to make the world safe for democracy by killing them."

more

http://worldnewstrust.org/modules/AMS/article.php?storyid=1674

[xchrom]

1. it outlines what globalization buys the ''first world''.

we think we can live without economic diversity -- don't protect the various industries we have in lieu of cheap labour.

[Tace]

2. And This Story Does Not Have A Happy Ending

At least according to the Mogambo. : (