Supply Chain Disruptions and Inflation
September 13, 2022
Hosted by Jay Taylor
[Download MP3] [itunes] [Bookmark Episode]
John Rubino, Patrick Highsmith & Michael Oliver are this week’s guests. After the fall of the Soviet Union, the world engaged in global trade on a scale never before in world history. The U.S. entered into this new era by off-shoring major industries in countries with low cost labor. That not only devastated America’s middle class but it also made America extremely vulnerable to China which now produces many life-sustaining products that America no longer produces. America employed fiat (aka, “fake”) money accepted globally, aided and abetted by American military force. Nations like Russia and China took note of America’s global expansion funded with an intrinsically barren dollar and Russia, in particular, became angry with America and NATO having dishonored its promise to a fallen Soviet Union not to add one inch of new territory into NATO. The talk of adding the Ukraine into NATO was line in the sand for Putin who responded by invading Ukraine. Sanctions against Russia gave Putin no choice but to cease selling energy to Europe unless sanctions were removed and energy was paid for in Russian rubles. At a time when hyperinflation is becoming a real possibility, a growing number of European nations are planning to print enough money to pay high prices of shrinking supplies of energy available to Europe. Putin is playing hardball with the West with a desire to get the U.S. out of Europe and to break up NATO. The West will have to accept a monetary stem that is based on tangible assets like energy and gold, or face an economic depression. The choice is only whether it will be a hyperinflationary or a deflationary depression. We will discuss what this all means for the market with John Rubino and Michael Oliver. Patrick Highsmith will update us on Timberline Resources’ Carlin-style gold discovery in Nevada.
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.