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Thread: the Mighty Mogambo is in rare form this week ...

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    Banned Melonie's Avatar
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    Default the Mighty Mogambo is in rare form this week ...

    this one is so wild that I'm actually at a loss to choose the best snippet ... so how about this one chosen at random ...

    (snip)" "U.S. Gov't Securities: Bought Outright" next to the number $1,423" which means the evil Federal Reserve bought up $1.423 billion dollars in government bonds last week, after first creating the money to do so.

    What a racket! This is the ultimate in fiscal fraud and they all should all go to prison for it. And if the American government was not filled with (being as nice as I can manage) stupid, ignorant, untrustworthy, lying, corrupt, cheating bastards and whores, that's where they would all go.

    But if I dare to show up at the Federal Reserve to make a citizen's arrest, dressed for the occasion in my best Rambo outfit, complete with headband and .30 caliber, belt-fed, air-cooled machine gun under my brawny, manly Mogambo arm (BMMA), the cops come roaring up with sirens blaring, not help me round up the economic terrorists that have taken over the Federal Reserve, but to arrest ME! Like I'M the one guilty of something!

    But those vainglorious days seem now over, and I am stuck here, ignominiously tied to a chair, peeking out from under a blindfold. Then I notice that Required Reserves in the banks dropped back to the insignificant $42.459 billion.

    What fraud! What audacity! What an embarrassment that the self-important nitwits at the nation's universities see nothing wrong with not only an out-of-control fractional-reserve banking system, but one where there are literally no freaking reserves at all (NFRAA)! Money is literally created out of thin air, with no backing from deposits whatsoever! This level of risk and multiplication of the money supply is insane! This is beyond insane! And yet, there it is!"(snip)

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    Veteran Member StuartL's Avatar
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    Default Re: the Mighty Mogambo is in rare form this week ...

    Blimey. I see what you mean. I have read quite a bit of his stuff before ... but nothing like that! Great find.

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    Banned Melonie's Avatar
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    Default Re: the Mighty Mogambo is in rare form this week ...

    yup, this must be the new N.F.R.A.A. school of central bank financial theory ! But I guess I can't really call it new, since Weimar Germany, 1985 Bolivia, and various other countries have experimented with this school of central bank financial theory in the past.

    ~
    Last edited by Melonie; 06-16-2006 at 02:00 PM.

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    Default Re: the Mighty Mogambo is in rare form this week ...

    actually it appears that one gov't / central bank has studied history ...

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    Veteran Member NoCoverLover's Avatar
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    Default Re: the Mighty Mogambo is in rare form this week ...

    Wow, that article is spun! I'm not sure if I can even make an intelligent comment to that!

    He says he started his day with tranquillizers and coffee. Judging by how hyper he was, I'd say he started his day with crack and coffee!

    He makes some good points, but he's way to strung-out for me. I just read that, and I got a good chuckle out of it. That's as far as I'm going to take it.

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