America’s Past and Future with Jeff Deist
December 6, 2022
Hosted by Jay Taylor
[Download MP3] [itunes] [Bookmark Episode]
Jeff Deist and Michael Oliver return this week. “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the pursuit of Happiness.” Those were the words of the Declaration of Independence as penned by America’s Founding Fathers on July 4, 1776. Holding a common belief that each individual is a unique person created by God and having that in common was a unifying idea that drove the colonists to overthrow the tyrannical King of England. Having witnessed firsthand the tyranny of King George, the Founders understood that governments themselves can become the biggest threat to taking away our God-given right to life, liberty and the pursuit of happiness. And so, our Founders set in place not a democracy, which if unchecked becomes a “mobocracy” but a democratic republic comprised of three branches of government to guard each other branch from becoming so powerful that it denied citizens their God given rights most basic of which is the right to free speech, religion and self-defense. Other safe guards against a tyranny of the majority that were given to us in our Constitution were: 1) An Electoral College vote for President and Vice President, and 2) Two senators from each state, no matter the population size of each state. The Founders also understood that sound money and free markets are essential to domestic peace and economic prosperity. Now, 247 years later, a growing majority of Americans think a dictator President is preferable because dictators can “get things done efficiently.” A growing number of Americans appear not to understand or appreciate the link between the freedom willed to us by our Founders and economic prosperity that inevitably follows. Jeff will discuss where he thinks America is headed in the future given the growing desire to destroy free speech and the judiciary branch of government designed to keep either the executive or legislative branch from excessive power designed to crush minority interest. Michael will share his latest views on the precious metals markets and other key markets.
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.