Turning Hard Times into Good Times

Turning Hard Times into Good Times

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.

Episodes

August 9, 2022 58 min
Alasdair Macleod and Dr. Quinton Hennigh return. Alasdair wrote the following in his July 21 weekly missive: “We are now seeing the initial stages of a currency, credit, and banking crisis develop. Driving it are an inflation of prices, contraction of bank credit and a pathological fear of recession. One can imagine that the major central banks almost wish a mild recession upon us so that they can keep interest rates suppressed and...
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Michael Oliver and Patrick Highsmith return. Brian Leni joins us for the first time. The last time the U.S. had a serious inflationary problem was during the 1970s when gold rose from $35 to $800 per ounce. For the past 40 years there hasn’t been a significant consumer inflation problem though there has been an enormous amount of inflation in asset prices, caused not entirely by progress but by the debasing of the currency. Now, f...
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July 26, 2022 56 min
Peter Krauth, Quinton Hennigh & Chen Lin return. Billionaire investor Ross Beaty, who founded Pan American Silver, wrote the following as part of a foreword to Peter Krauth’s book titled “The Great Silver Bull:” “I’m convinced we are in a long-term bull market for silver and gold, and I expect investment returns in precious metals will outperform all other investment classes for the foreseeable future. Peter’s book is an excell...
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Chris Powell, Dr. Quinton Hennigh and Michael Oliver return. On August 15, 1971 President Nixon detached gold from the world’s monetary system and declared “We are all Keynesians now.” By so doing he set the stage for massive amounts of inflation not only in consumer prices but in stock and bond prices that served to siphon wealth from the middle class to the billionaire class to an extent even greater than the Robber Baron period ...
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July 12, 2022 54 min
David Stockman and Nicholas Rodway return. Peter Krauth, author of “The Great Silver Bull,” visits for the first time. Much to the surprise of Western leaders, consumer inflation has reared its ugly head for the first time in a major way since the 1970s. At first, they wrote it off as transitory but that soon proved to be untrue. Now with a teeny weenie bit of credit tightening, stock and bond and commodity prices have fallen leadi...
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Alasdair Macleod, Michael Oliver & Michael Wood return. So far, sanctions have backfired on those described by Vladimir Putin as the unfriendly nations. It is setting in train a series of events likely to undermine the whole western financial system, as prices rise, driving interest rates higher and shrinking economic activity. These developments alone are leading to the contraction of bank credit, crashing stock markets and sh...
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Robert Moriarty and Chen Lin Return. Michael Spreadborough, the Executive Co-Chairman of Novo Resources visits for the first time. On March 1, as Russia began invading the Ukraine, David Stockman said on this show, “Sanctioning Russia and taking away their ability to use the SWIFT system would be crazy as hell because it will hurt Americans as much as it hurts Russia!” While President Biden blames Putin for inflation, truth be told...
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Jeff Deist, Michael Oliver & Patrick Highsmith return. Suddenly, with exploding consumer prices stripping the fruits of labor away from average Americans and thus threatening the political status quo, TV talking heads have set aside concerns about COVID and the Ukraine to focus on what Americans really care most about, namely their ability to put food on the table and gas in their cars. But actually, what is inflation? Is it si...
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Alasdair Macleod, John Rubino & Quinton Hennigh are this week’s guests. Recently, Doug Noland, the portfolio manager for the McAlvany Management Tactical Short fund, wrote the following: “History suggests today’s festering issues in credit derivatives and structured finance will prove woefully worse than anyone today appreciates. And there is little policymakers can do to remedy the situation. The cycle has changed. The amount ...
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Eric Coffin, Michael Oliver and Dr. Quinton Hennigh return. Few investors and letter writers combine such an intimate knowledge of the junior gold resource markets and the metals markets in general as Eric Coffin. He also possesses a brilliant grasp of the interplay of macroeconomic market forces on the junior exploration companies. As co-founder of the Metals Investor Forum (MIF), he will be asked for a preview of his June 11 MIF ...
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Doug Noland, Dr. Quinton Hennigh and Anthony Santelli return. In his May 21 Credit Weekly Bulletin, Doug wrote: “Rather than subprime mortgages as the system’s weak link, today it’s “subprime” corporate Credit. History suggests today’s festering issues in Credit derivatives and “structured finance” will prove woefully worse than anyone today appreciates. And there is little policymakers can do to remedy the situation. The cycle has...
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Peter Boockvar & Michael Oliver return as guests. Michael Wood of Reyna Gold visits for the first time. Peter recently stated on CNBC that the Fed is embarking on the most aggressive tightening program in 40 years. In addition, Peter notes that sell side analysts are have not yet begun to lower earnings estimates for this year that will most certainly result from tighter monetary conditions and supply disruptions, rising operat...
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Kevin Duffy and John Rubino return as guests this week. Most investors make money in bull markets and lose most of it in bear markets. An exception is Kevin Duffy whose Bearing fund registered triple-digit gains in the 2008 financial crisis. His Austrian school economic perspective paved the way for those stellar 2008-09 bear market profits. But that same perspective did not equip him to excel when policy makers inflated financial ...
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May 10, 2022 58 min
Alasdair Macleod, Quinton Hennigh and Michael Oliver return. About the time President Nixon detached gold from the international monetary system on August 15, 1971, he declared that “We are all Keynesians now!” That acceptance of the Keynesian economic religion by President Nixon, subsequent American presidents, and 99% of the American economic intelligentsia sealed the devastating financial market disasters that now lie ahead of A...
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Robert Moriarty & Patrick Highsmith return as this week’s guests. When Russian President Vladimir Putin declared that countries unfriendly to Russia would have to pay for their oil and gas in Russian rubles, he pulled a chapter out of the U.S. playbook. In the early 1970s America arranged a quid-pro-quo agreement with Saudi Arabia whereby the U.S. used its military might to ensure the Saudi Royal family remained in power so lon...
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John Rubino and Michael Oliver return as our guests this week. Nicholas Rodway, the CEO of Core Assets Corp., visits for the first time. After 1971 when President Nixon detached gold from the global monetary system, the U.S. dollar became the uncontested world’s reserve currency. The U.S. has abused that privilege by using its dishonest source of funding to expand its empire. In the process, America consumed more than it produced...
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Ellen Brown and Quinton Hennigh are this week’s guests. By design Americans are kept in the dark about money. We are taught nothing in our classrooms about what it is or how it is created. That is by design because as Henry Ford once said, “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” In fact, the myste...
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April 12, 2022 55 min
Alasdair Macleod, Quinton Hennigh and Michael Oliver return as guests this week. Few people understand that the dollar became the world’s currency because of an agreement between the Nixon Administration and Saudi Arabia not long after Nixon detached gold from the dollar and the international monetary system in 1971. The agreement was for Saudi Arabia and OPEC to demand payment for all international oil sales in U.S. dollars, thus ...
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April 5, 2022 54 min
Kevin Smith, Tavi Costa and Patrick Highsmith are this week’s guests. Crescat Capital became known to your host when one of the top exploration geologists in the world and a regular guest on this show, Dr. Quinton Hennigh, joined the company as its technical advisor. His job is to assist Crescat in selecting small exploration companies that are in the process of discovering world class mineral deposits. Even before Quinton joined t...
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Alasdair Macleod, Michael Oliver & Patrick Highsmith are this week’s guests. Alasdair has recently pointed out that the Fed, the Bank of England and the Bank of Japan are now themselves becoming insolvent. As interest rates rise along with surging inflation, the massive debt they purchased to stimulate their economies is declining in value, resulting in negative net worth balance sheet positions. Insolvent central bank balance ...
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