Is Inflation Turning Hyper?
September 27, 2022
Hosted by Jay Taylor
Bob Moriarty, Michael Oliver & Quinton Hennigh are this week’s guests. Alasdair Macleod’s September 15 weekly essay was titled “Inflation is Turning Hyper.” Of course, that is nonsense to masses of Americans who put their faith in their god, The Federal Reserve Bank. And indeed, given the Fed’s history in the past, it has kept its foot on the monetary breaks until something very serious is broken that threatens to take the entire system down. Already rich hedge fund managers are warning that is exactly what the Fed will do. On the other hand, the Biden Administration is spending money like drunken sailors and as such working against the Fed’s efforts to reduce inflation. A monetary collapse will most certainly cause prices to fall and perhaps dramatically. But despite these major credit cycles of collapse, debt continues to rise exponentially such that the supply of money is indeed hyperinflating. So how will all these monetary and market dynamics play out? Is Alasdair’s warning of a hyperinflation something to be concerned about? We will ask Bob Moriarty for his views on these issues and perhaps have him to discuss once again the account of how German hyperinflation evolved, documented in “The Money Revelation” by Alfred Lansburgh. Michael Oliver’s views from his technical vantage point will also be sought. Quinton Hennigh is scheduled to provide an update on the evolving gold exploration program in Japan that Irving Resources is teaming up with Newmont Mining to develop.
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.