American Gov't Moving To Take Control Of The World-Wide Economy (Mogambo)

Noting that the Commerce Department reported, "U.S. gold exports rose 55 percent in August from the previous month, and was up 83 percent from the previous year", Mr. Kirby refers to an email he got that contained the interesting point that, “With a deficit in gold supply world wide, it is highly unlikely that this is U.S.-owned gold leaving the country." If you are like me, then you suddenly have questions, like, "Huh? Gold exports are up, but our gold is not leaving the country? How can this be? And how come we can put a man on the moon, but we still can't get a good 25-cent taco?"

The anonymous writer, rudely and foolishly ignoring my Important Mogambo Taco Question (IMTQ), answers the easier question (the gold paradox), by explaining, "You should be aware that when a foreign central bank repatriates its gold from storage at the Federal Reserve Bank of New York, it shows up as an export credit in the trade data of the United States." Wow!

So, using this fabulous, fabulous technique, when my snotty neighbor comes over here to angrily demand that I return his stupid barbeque grill that I am still storing in my garage after having "borrowed" it sometime last year (or maybe the year before, I forget which), I can now count the entire transaction on the books as a credit to me? Wonderful! Hahahaha!

This is terrific! Now, the next time someone, like my wife, for instance, starts up with me about how I don't make enough money to suit her, or the kids, or her friends, or her family, or the people I owe money to, or even complete strangers who reflexively just hate me for "me being me," I will whip out my thus-adjusted financial statements and shove that big, fat, juicy credit right in her hateful little face! "Chew on that, demon-woman!" Hahaha!

Apparently, nobody is interested in my little victory here, and instead want to know things like, "So why are they doing this?" Well, there are, at last count, two prevailing theories. One theory is that the foreign central banks have, to their horror, deduced that, "That stupid Mogambo loudmouth (SML) was right! Fiat currencies are crapola! We need to get our gold! And get some more, too! Otherwise, we're freaking doomed!"

The other, more accepted, and probably correct, theory is enunciated by Mr. Kirby himself, who explains, "You can't blame these ECB banks! When a nation drops habeas corpus and the Geneva Convention, a little matter like theft of other nation's stored gold is not a stretch.”

Mr. Kirby then puts dry numbers on the wet human face, and says, "Amazing to think that the U.S. Trade Deficit would have been another $2.5-$3 billion worse without the inclusion of this 'export,' ehhh?"