So, So Much, Much Money

Buy Gold RFN urges the Mogambo with characteristic FMP... IT WAS with regret
that I read on Reuters that "World Bank President Robert Zoellick said on
Wednesday he was not advocating a return to a gold standard for exchange rates,
but described the metal as 'the elephant in the room' that policymakers needed
to acknowledge," writes the Mogambo Guru at The Daily Reckoning . What a wimpy
attitude! Now I can go back to regarding Mr. Zoellick as just another
neo-Keynesian pencil-necked geek moron with a dorky haircut and an ill-fitting
suit who thinks he understands equations but knows little about economics. I, on
the other hand, say that any economist who knows what he is talking about would
LOVE to see a return to a Gold Standard, and thus take control of the money
supply out of the hands of evil men, each with their nasty secret agendas,
conspiracies and cabals forming and dissolving in a swirling cauldron of
corruption, and thus return the country to a blissful "golden age" where prices
stayed the same, or gently fell, while quality and quantity improved, handing
the whole cornucopia of blessings and benefits of free enterprise in a
capitalist system to the economy and to the grateful, prosperous, happy people.
This is where I write in my notes "Wait for the thunderous applause from the
crowd, giddy with excitement at your Fabulous Mogambo Profundity (FMP)." But I
don't have to wait long, as there is no applause. No bouquet of roses. No
placing of a tiara upon my head. No nothing. Instead, I got Mr. Zoellick saying
to the Foreign Correspondents Association; "I don't believe you can return to a
fixed exchange rate system and that is the gold standard," and later saying,
"I'm not advocating a return to the 19th century when money supply was linked to
gold." Naturally, I consider this to be so idiotically wrong that I advocate
that we, meaning you, go en masse to the World Bank, arrest everybody, tear the
building to the ground, burn the rubble and scatter the ashes, which shows you
how dreadfully wrong he is, and makes you wonder why ("Hmmm! I wonder why!")
anyone would pay attention to this idiot who advocates for an expanding fiat
currency which will increase the suffering of the poor and indigent by
deliberately causing high inflation in prices, which is not to mention the
impoverishment of everybody and every asset as a result of the dollar being
devalued! Feeling a particular ugliness come over me, I leap to my feet and
shout: "What an inhuman bastard! And just like all the rest of his banker trash
ilk, not to sugar-coat it any more than necessary to keep my head from exploding
in a fit of Wild Mogambo Outrage (WMO)!" Well, my head did not explode, even
though the inflation in prices that comes from such irresponsible expansions of
the money supply, that jerks like Robert Zoellick and Ben Bernanke embarrass
themselves over, must already be showing up to the extent that even idiot bond
buyers (as idiots are the only ones buying bonds at such high prices that they
yield almost nothing) are selling bonds, and suddenly the US Treasury yield
curve got seriously-unbent recently, as the price of the 5-year note went down
enough to bring up the middle of the yield curve by an entire percent! One
percent increase in yield in one week! And even the 30-year bond went up in
yield as their prices fell. This means that the decline in the prices of 5-year
and 1-year debt handed huge unrealized losses to an entire world full of idiots
stupid enough to own massive amounts of US government debt paying
historically-low, abnormally low, insanely-low yields, all thanks to the foul
Federal Reserve insanely creating the money to buy them, flooding the system
with money, making your greedy "dark side" scream out: "Short bonds, you moron!
It's one of those 'once-in-a-lifetime' can't-miss, sure-fire deals, especially
since bonds are already so overpriced that they are yielding less than half the
rate of inflation Right Freaking Now (RFN)!" You try to ignore that inner voice
because you are too chicken for that kind of gamble since you've seen the
foul, corrupt Federal Reserve simply create the money to buy bonds to make their
prices stay up, and even go up, handing lots of losses to the shorts. So you
stick conservatively with Buying Gold , silver and oil when the desperate and
clueless Federal Reserve is creating So, So Much, Much Money (SSMMM), a move
that is so obvious and so simple that even complete morons like me can do it,
and shout, "Whee! This investing stuff is easy!" when we do it! Buy Gold at the
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