MOGAMBO GURU: "We Are Getting To The Tyranny Part Right About Now"

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

snip

-- In the "Up Close and Personal With The Mogambo" segment of today's show, I see that I got a lot of mail from people who think I was too insulting about Democrats and their idiotic "All you need is love and government funding" legal and fiscal philosophies. Most of them think that the Republicans are worse. I agree. And it pains me greatly to say that I think George W. Bush is the worst President that America has ever seen, and the whole Republican-majority Congress is about as bad, with the exception of Rep. Ron Paul of Texas, of course.

And, since I am ragging on my own Republican party because of the satanic horror that they have turned into, I am not a fan of Reagan's crackpot economics either, as he, too, merely went on a long spending spree, and financed it by replacing the necessary taxes with debt, which is such a lame-brain shallow trick that I am aghast and ashamed of him for doing it and the Republican party for aiding and abetting it, and for letting it be part of the permanent government fiscal landscape ever since.

In weak, partial defense of the Republicans (if that is even remotely possible), we are merely the ones currently holding the bag as the whole bloated, cancerous, mal-invested economy starts the inevitable decline that comes after a period of excess creation of money and credit by the banks. So they are merely doing what all governments have always done at the end of the long boom when the economy is on the verge of collapsing after such misshapen, inflationary growth; they borrow and they spend more than ever!

But we don't want to learn, and never will, apparently. It's like my wife bringing me a cup of coffee in the morning. She doesn't just call out sweetly to me, "Wake up darling!" and hand it to me. Oh, nooOOOOoo! Instead, she throws it in my face, and the scalding hot coffee wakes me up screaming, "Oww! You're supposed to hand it to me! HAND it to me, dammit!" and she goes, real innocent like, "Oh? I guess I forgot!"

http://worldnewstrust.org/modules/AMS/article.php?storyid=2482

few sound thoughts in the piece. I have always wondered why these rw nuts think we can not be a prosperous nation and a caring nation at the same time. They go well together. Take care of your people and they will prosper.

" But you don’t have to listen to me (and frankly, if you DID listen to me, I would have no respect for you at all!), because you can listen to Puru Saxena of the Money Matters newsletter, where he says, "History has shown that each commodities bull-market in the past 200 years has coincided with a major war, without a single exception. During periods of conflicts, countries always embark on the road of massive money-printing in order to finance their efforts."



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