| Helping President Biden Understand Inflation |
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Alasdair Macleod, Quinton Hennigh and Chen Lin are this week’s guests.
The Keynesian religion has been taught to every college graduate in America and Europe in recent decades. But that religion is based on falsehoods such as: “You can consume more than you produce and get rich by so doing.” Or, “capital has no time value.” Since getting rich without working is widely appealing to the human race, the very opportunistic President Nixon removed gold from money and declared “We are all Keynesians now.” By so doing, he paved the way for an American debt-funded spending orgy that only now is leading to an exponential rise in consumer prices and interest rate increases that will inevitably follow suit no matter what the Fed does.
Austrian economists counter Keynesian religion but Kool-Aid drinking policy makers do not. Hence policies will continue to double down on the same policies that are taking us to the precipice of financial ruin. Alasdair will explain why, given ongoing Keynesian policies, inflation and interest rates are inevitably heading to levels that, even if only moderately higher than present levels, doom our existing monetary system. He will also explain why any legitimate reset of our present monetary regime will have to be grounded not on cryptos but on monetary metals.
Quinton will update us on some very exciting new drill results from Lion One’s Tuvatu gold deposit that suggest a far larger and richer deposit than initial dreamed of, and Chen will talk about a very exciting still small cap biotech stock that seems to be making significant progress in not only slowing down Alzheimer’s disease but, to a certain extent, actually reversing the disease. |
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| Alasdair Macleod has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation and Head of Research at Goldmoney. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. His weekly articles written for GoldMoney are posted on his blog at goldmoney.com/research/goldmoney-insights Because of his deep insights into underlying market dynamics, Alasdair is one of the most frequent guests on Turning Hard Times into Good Times. |
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| Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related. Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation. Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian-listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5-million ounce gold asset that was sold to First Mining Gold. In 2010, Dr. Hennigh helped start Novo Resources, now a gold producer, by assembling its Australian exploration portfolio. He is Geologic and Technical Advisor to Crescat Capital. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines. |
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| Chen Lin had been a doctoral candidate in aeronautical engineering at Princeton. However, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner to devote full time to private investing and writing a newsletter titled “What is Chen Buying? What is Chen Selling?” Chen's track record has been phenomenal! In one account we tracked, in which he used no leverage, he was able to grow $5,411 starting in 2002 to over $2.2 million by the end of 2012. You can visit his website at http://chenpicks.com |
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| Jay Taylor Taylor Hard Money Advisors, Inc 718-457-1426 |
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