I remember the good old days of the Cold War when the Russians were humorless
robots who could always manage to catch James Bond, a British secret agent
better known by his "License to Kill" number - 007.
But the clumsy, doltish Russians could never hold onto him, and in the process,
a lot of Russian secret agents, soldiers, miscellaneous employees, assorted
affiliates and innocent bystanders died, usually in a blaze of gunfire or
explosions of some kind.
I remember it especially well because I noticed that Really Hot Babes (RHB)
were always practically throwing themselves into James Bonds' arms, talking in
vague, strangely forbidden double entendres, husky whispers promising
pleasures a-plenty coming from Really Hot Babes (RHB) whose barely parted,
glistening red
lips cried out to be kissed, hard, and your brawny arm roughly encircles her
dainty waist, pulling her harder and harder against your manly chest as you
kissed her, deeply, hungrily, dominating her with raw machismo until she is
breathless with desire and crying out for more, begging, "James! Oh, James!",
unlike Sandra.
You are probably wondering why I segue from James Bond, back to the evil
Russians, then to Sandra, a teenage crush from years ago who, as it turns out,
wanted to be kissed neither deeply nor hungrily, and who had a certain intense
antipathy at being made breathless with desire, too, then to the Berlin Wall
being taken down, then to the USSR collapsing under the weight of its stupidity
and corruption, becoming just another of history's failed experiments by
another stupid country trying a ridiculous command-and-control economic system
with a fiat currency, which always fail with the same disastrous result of
ruining everyone and destroying the standard of living, rather than leaving the
economy alone to experience the joys of free enterprise and capitalism with a
stable currency anchored by gold, which always succeeds in providing a higher
standard of living to everyone.
The reason I bring this up is that, apparently, these sneaky, vodka-swilling,
Bond-fumbling, Rooskie bastards are up to something! I infer this from Ed
Steer's Gold & Silver Daily newsletter, which reports that the Russian
Federation, as of July, "increased their gold holdings by a further 500,000
troy ounces, bringing their total holdings to date up to 23.3 million ounces
... or 724.7 tonnes."
In fact, he says, "So far this year they have socked away 2.8 million ounces of
the stuff .., over 10% of their entire holdings in just the last seven months!
These guys are serious!!!"
Being a paranoid, scared, creepy little guy who is sure that We're Freaking
Doomed (WFD) by the staggering, massive creations of money by the Federal
Reserve, especially so that the government can borrow the staggering, massive
amounts of money to deficit-spend, increasing the national debt so that we
slide inexorably into the economic black-hole of un-payable bankruptcy,
receivership and ruination, I instantly recognize the wisdom of what these
slippery Russians are doing, as emphasized by Mr Steer's clever use of three
exclamation points! They're buying gold!
And when you add up all the tons and tons of gold being bought up by banks and
people and funds everywhere around the world, you can easily "connect the dots"
to show that alien beings from outer space are shooting mysterious
brain-control rays into our heads, aimed at us from their secret base under the
north pole, which is where Santa Claus lives.
Or maybe it is Santa Claus himself shooting these strange rays at us. Or maybe
it is even his mysterious wife, Mrs Santa Claus, who strangely has no first
name of her own, and for whom nothing else is known, as if she never existed
until suddenly appearing as Santa's wife. Strange, but true!
Anyway, the whole point is not that Santa Claus is a dangerous lunatic, or that
Ben Bernanke of the Federal Reserve is a dangerous lunatic who actually
believes his stupid neo-Keynesian econometric theories despite their utter,
utter failure. I mean, look around! Does this seem to be the result of a good
economic theory in the hands of competent people to you? Hahaha! Me neither!
No, the point is that these are indeed very weird times, and a lot of strange,
terrifying, unbelievable, nonsensical, suicidal, desperation-fueled fiscal and
monetary idiocies are going on, and new ones appear with each passing day.
I am So Freaked Out (SFO) that my tiny little brain can think of nothing better
than buying gold, silver and oil, which is entirely fortunate for me and other
tiny-brained guys out here who can never actually seem to grasp what is going
on, much less understand it, because buying gold, silver and oil is exactly the
right thing to do! Whee!
Richard Daughty is general partner and COO for Smith Consultant Group,
serving the financial and medical communities, and the editor of The Mogambo
Guru economic newsletter - an avocational exercise to heap disrespect on those
who desperately deserve it.
Republished with permission from
The Daily Reckoning. Copyright 2010, The Daily Reckoning.
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Office: Unit B, 16/F, Li Dong Building, No. 9 Li Yuen Street East,
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