Profiting From The Coming Dollar Collapse
August 17, 2021
Hosted by Jay Taylor
[Download MP3] [itunes] [Bookmark Episode]
John Rubino, Patrick Highsmith and Michael Oliver return. In 2004, John Rubino and James Turk wrote “The Coming Collapse of the Dollar and How to Profit from it.” John Maynard Keynes stated, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.” Rubino and Turk wrote about the upcoming dollar collapse 17 years ago but the dollar is still the world’s reserve currency. Were they wrong? Or is America’s current move into fascism under President Biden evidence that an ongoing destruction of the dollar since 1971 is leading to the destruction of American society starting with the most basic America right, The First Amendment? With the destruction of the American Republic well underway, what will happen to American society when the dollar finally does enter the dustbin of history as all fiat currencies through history have? With the Biden Administration spending trillions upon trillions of dollars that can only be funded with computer money, can a hyper-inflationary destruction of purchasing power be far away? Those are all topics for John. Michael will opine from his technical viewpoint on the dollar's future and Patrick will explain how Firefox Gold is a possible vehicle to help insightful investors profit from the dollar's demise.
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.