Why Inflation is a Runaway Freight Train!
December 14, 2021
Hosted by Jay Taylor
[Download MP3] [itunes] [Bookmark Episode]
Charles Hugh Smith and Quinton Hennigh return. Heated debates frequently erupt over whether inflation or deflation is the most important risk factor investors need to be mindful of. First, definitions of those terms are necessary to answer that question correctly. Once definitions are established, what factors like government accounting gimmicks and propaganda need to be understood to realize the magnitude of inflation and why it is as unstoppable as a runaway freight train. Charles will talk about some of the arguments used by the establishment that understate the cost of staying alive which is destroying the living standards of the middle class. Massive wealth is being redistributed to the top 1% of Americans and is reminiscent of feudal times in Europe. In the first segment of the show, Quinton will provide an update on Irving Resources as that company resumes drilling its exciting gold project in Japan. He will continue into the second segment to provide an update on the emerging world-class, silver-tin rich poly-metallic Iska Iska deposit in Bolivia that is being developed by Eloro Resources. We will explore the upside share price potential for Eloro Resources once the market begins to take note of the scale and economics of this massive bulk mineable deposit. Charles will round out the second half of the show to help us understand why inflation is now unstoppable and hopefully provide some suggestions as to how middle class citizens can best prepare to defend themselves against inflationary damage.
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.