The Credit Cycle is on the Turn
October 23, 2018
Hosted by Jay Taylor
Ryan Girdusky visits for the first time. Alasdair Macleod and Michael Oliver return. Alasdair says we are nearing the end of the current credit cycle that began after the 2008 credit collapse. Banks sell treasuries and make loans as interest rates and wages rise leading to fears of inflation and still further interest rate increases. Ultimately higher rates lead to an equity bear market. But might the end of the current cycle be even more profound and injurious to unsuspecting investors that the last one? Are interest rates destined to rise dramatically higher as in the 1970s such that inflation becomes a major threat even as gold rises to much, much higher levels? We will seek answers to those questions from Alasdair as well as Michael. More immediately on the minds of many Americans are the upcoming midterm elections. First time guest Ryan Girdusky, a native New Yorker and frequent Fox TV guest, will tell us how he sees the Senate and House races shaping up.
Turning Hard Times into Good Times
Tuesday at 12 Noon Pacific Time on VoiceAmerica Business Channel
Jay Taylor’s show will explain the real underlying causes for plunging stock prices, plunging home prices and growing unemployment. By correctly diagnosing the cause of America’s economic decline, rather than listening to excuses from Wall Street and Washington, Jay will offer winning investment ideas to protect and increase wealth.
Topics to be discussed will include the cause of the decline of: our monetary system and our economy, the housing markets, the equity markets, and commodities, Why gold and silver are rising in value and how investors can profit from the direction of these markets through specific stocks, ETF’s and precious metals will also be discussed. Turning Hard Times into Good Times is broadcast live every Tuesday at 12 Noon Pacific Time on the VoiceAmerica Business Channel.
Jay Taylor has been able to more than double his newsletter’s model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value!
The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day.
Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years.
Jay’s insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. Diagnose a problem incorrectly as the establishment does and you are sure to fail.