How Are Those Sanctions Working Out, Mr. Biden?
June 28, 2022
Hosted by Jay Taylor
[Download MP3] [itunes] [Bookmark Episode]
Robert Moriarty and Chen Lin Return. Michael Spreadborough, the Executive Co-Chairman of Novo Resources visits for the first time. On March 1, as Russia began invading the Ukraine, David Stockman said on this show, “Sanctioning Russia and taking away their ability to use the SWIFT system would be crazy as hell because it will hurt Americans as much as it hurts Russia!” While President Biden blames Putin for inflation, truth be told, thanks to his energy policies and COVID related supply chain shortages, inflation was rising rapidly even before the Ukraine war. But it wasn’t Russia’s invasion of the Ukraine that has caused energy prices to rise. Rather sanctions against Russia and disallowing the used of the SWIFT system for international trade in dollars and Euros that has dramatically cut the supply vital supplies to the west. Not only did those policies dramatically reduce supplies of oil and gas, thus leading to the highest consumer inflation in over 40 years, but they also forced Putin to tie the ruble to oil and gas and indirectly to gold. Since then, the ruble has been the strongest currency in the world! The post-1971 fiat Petro-dollar that enabled America to fund its empire through military force and subversive activities may be nearing an end because the laws of nature as they apply to debt/GDP ratios are driving America toward financial ruin while our adversaries run their economics in a much more responsible manner. Robert will share his thoughts on the economics of the western world. Michael will update us on the future plans of Novo Resources and Chen will share his thoughts on the economics of Asia and perhaps a couple of his exciting biotech stocks.
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.