Mogambo Guru: Economic Pain Can Only Be Delayed Not Avoided

Jason Burack of Wall St for Main St had on investor and former newsletter writer Richard Daughty aka "The Mogambo Guru." http://mogamboguru.com/ Mogambo Guru wrote articles that used humor, satire and stories to talk about Austrian School Economics and investing in gold, silver and oil. His articles were very popular for years over on The Daily Reckoning website http://dailyreckoning.com/ During this 30+ minute interview, Jason asks Mogambo how he decided to start writing using story telling and satire/comedy in order to talk about Austrian School Economics and investing in gold, silver and oil. Mogambo says he just became fed up one day with reading the same old types of articles everywhere. Jason asks Mogambo about his background before he created the Mogambo Guru character. Mogambo used to trade options but became angry with Wall St, politicians and the US government after the technology bubble and when he learned Austrian School Economics and also found the Gold Anti-Trust Action Committee's (GATA) work. Jason asks Mogambo about the economy, inflation and the macroeconomic situation. Mogambo sees food and energy prices rising in the real economy under any situation. He sees potential wage and price controls in the future as well if things get much worse. Mogambo thinks dollar cost averaging and continuing to buy physical gold and silver each month for insurance and savings (not as an investment) are a smart idea. Mogambo thinks the paper price of gold and silver will go up a lot in the long term but Americans fed up with corrupt politicians who love to tax and spend and Keynesian Economics may have to leave the country. Please visit the Wall St for Main St website here http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Mo Dawoud on Twitter @m0dawoud Follow John Manfreda on Twitter @JohnManfreda Follow Wall St for Main St on Twitter @WallStforMainSt Also, please take 5 minutes to leave us a good iTunes review here! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat, Bitcoin, gold or silver, Wall St for Main St accepts donations on its main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it!

Comments

1. The economist of the Austrian School Juan Ramón Rallo has been censored by the Spanish Radio and Television Corporation.
   
   Please sign this petition to eliminate censorship and protect our freedom of speech and expression: 
   
   https://www.change.org/p/radio-televisi%C3%B3n-espa%C3%B1ola-televisi%C3%B3n-espa%C3%B1ola-no-censuren-a-juan-ram%C3%B3n-rallo
2. Mr. Daughty is awesome! Its really rare to find interviews with him. Thanks a bunch for bringing him on the show. I just subbed by the way :)
3. Richard is a hoot. My take on his name is based on the movie "Mogambo" w/Clark Gable.......LOL
4. I have heard that some banks are limiting the amount of cash you can withdraw at one time out of your account and now I understand why if they are using it to cover their debt.
5. Please leave us good feedback on iTunes if you enjoy this interview! We also accept donations on our main website!