A Warning From History: Bernanke is Destroying People’s Lives, Bank Balance Sheets and America’s Global Power!
April 30, 2013
Hosted by Jay Taylor
[Download MP3s: Hour 1: A Warning From History: Bernanke is Destroying People’s Lives, Bank Balance Sheets and America’s Global Power! Hour 2: A Warning From History: Bernanke is Destroying People’s Lives, Bank Balance Sheets and America’s Global Power!] [itunes] [Bookmark Episode]
Guests - Todd Wood, Ellen Brown and Gene Epstein. Wood visits for the first time to talk about his novel “Currency.” This novel explains the rise of America and its middle class up into the 1970s and our current decline caused largely by fiat money and embellished in spades by Ben Bernanke. Wood warns that current American monetary policy is leading our nation into an economic decline nationally and as a superpower the dollar is falling from favor by China and other creditor nations. Todd is aware of the pathology of our banking system too, a topic we will discuss with Ellen Brown who returns to update us on the threat to all of us that we will be “Cyprussed!” She will also talk about a much more citizen-friendly banking structure illustrated by the Bank of North Dakota, which is owned by the people of that State rather than the international robber barons who own you and me as their servants. Gene Epstein will return to talk about the next NYC Junto, markets and the economy.
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.