Fed Taper Talk: Fake out or Shake out?
August 31, 2021
Hosted by Jay Taylor
David McAlvany, Michael Oliver and Dr. Roger Moss return. The Fed has been hinting at reducing QE. But how seriously should we take Fed tapering talk when its credibility isn’t any better than the credibility of Dr. Fauci’s mask wearing advice? The Fed assured us just before the dot com crisis, as well as just prior to the 2008 financial crisis, that the financial markets were soundly under control. Why then do we take their taper talk seriously when even the slightest rise in interest rates will predictably toss the economy over a deflationary the cliff? Is it simply a matter of cognitive dissonance that keeps us believing in Fed happy talk when The Fed has no politically palatable choice but to hyperinflate the dollar into oblivion in order to pay off debt that cannot be paid in current dollars? With the handwriting on the wall pointing to an eventual hyperinflation of the dollar, but with annoying disinformation from the Fed along the way, we will ask David for help in forming an investment strategy to help investors do what’s in their best interest and ignore Fed head fakes. Before we talk to David, Michael Oliver will present his latest structure and momentum vision on the most important markets. Then Roger Moss will update us on Labrador Gold’s very impressive early assay results from its Kingsway project located next door the emerging world-class, high-grade gold discovery at New Found Gold’s Queensway discovery in Newfoundland.
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.