The U.S. Has Sold Out the American People
November 29, 2022
Hosted by Jay Taylor
James Rickards and Dr. Quinton Hennigh return. James visits to talk about his latest book titled “Sold Out.” It focuses on broken global supply chains, surging inflation and the fastest rise in interest rates in our history. Add to that a western world that is on the verge of bankruptcy, thanks to overconsumption and under savings since 1971, and you have the potential for a global depression akin to or possibly worse than that of the 1930s. Even prior to Covid and the Ukraine war Rickards predicted that when this current bubble implodes national central banks would themselves become bankrupt and thus give way to the IMF that would replace the U.S. dollar as the world’s reserve currency with the SDR, a unit of currency that would include various currencies and gold. With central banks now losing control of inflation forcing interest rates dramatically higher, Rickards’ prediction that central banks are heading into bankruptcy is indeed coming true. Covid and the war in Ukraine are no doubt accelerating the demise of the existing dollar-based fiat system. How will all these dynamics impact your future investments and what can you best do to protect your financial wellbeing and safety in potentially turbulent times to come? Quinton will also join me to talk about one of the great new silver-tin polymetallic deposits, that being the Iska Iska deposit in Bolivia, where a world class deposit containing well over 100 million ounces of silver plus tin, lead and zinc is currently being outlined by Eloro Resources.
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.