This post Home Again, and Hello Dante appeared first on Daily Reckoning.
Hey! Look! Here I am! Over here! I’m back! (Sound of thunderous applause). Thanks! Wonderful to be here!
I know that you, like most people, are probably scratching your head quizzically, asking yourself “Who is this doofus who calls himself Mighty Magnificent Mogambo in the next paragraph, which doesn’t even make sense?
And who cares that he is back, which is not to mention why am I reading this stupid crap in the first freaking place?”
Or perhaps you are wondering “Where have you been all this lonely, lonely time, oh, Mighty Magnificent Mogambo (MMM), that you can now announce your triumphant return to the dispensing of wit and wonder about things such as, oh, I dunno, maybe, for example, how we are frantically screaming ‘We’re Freaking Doomed (WFD) because of all the absolutely INSANE amounts of money and the INSANE amounts of accompanying debt created by the evil Federal Reserve and all the other dirtbag central banks around the world’ all these many, many years?”
I am happy to answer your question, or to answer any question that is not “Do you always eat like a pig?” (Answer: no, not always).
The real answer is that I have been sort of sidelined, stupefied and stunned into some kind of “shock reaction” to heretofore unseen titanic seismic economic events concerning fiscal and monetary policy, the monstrous interplay of which I can only vaguely contemplate, but with a shudder.
It all started, as these things sometimes do, innocently enough. I was watching an episode of Gilligan’s Island (“Don’t pick those strange flowers, Gillian you idiot!”) to hopefully catch a scene with the adorable Mary Ann, while simultaneously reading Chuck Butler’s Daily Pfennig newsletter during the lulls in the action, like when there is nobody in the scene except Gilligan and the Skipper (“Listen to The Wise Mogambo (TWM) and don’t pick those strange flowers, Gillian you idiot!”).
Then, suddenly, out of nowhere, I was metaphorically slapped in the face (“Whack! Whack!”) by Mr. Butler when he revealed the alarming fact that the M2 Money Supply in 2000 was $4.673 trillion, and that today it is $13.386 trillion!
If my editorial use of an exclamation point in that last sentence did not serve to alarm you as it does other Junior Mogambo Rangers (JMRs) around the world and throughout the cosmos, then let me disabuse you of your laughable Pollyanna attitude by rudely pointing out that this is Something Really, Really Significant (SRRS)!
And the exclamation point is to, well, you know.
Anyway, then Mr. Butler, perhaps to make sure of our complete comprehension despite being already alerted by my clever and judicious use of exclamation points in the paragraphs above, goes on “imagine that if you will!”, which is a sentence fragment, replete with his exclamation point, that I lift wholesale so that one can be fully prepared to get to the following factoid that (drum roll, please) this is “a 186% increase in Money Supply …read more
Source:: Daily Reckoning feed
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