About Jay Taylor

Inflation

    Although the energy heavy Rogers Raw Materials Index was down 1.03% last week, everything I’m looking at suggests we are facing inflationary headwinds. My IDW shown below hit another new high at 176.45. Driving my IDW higher this past week were the Housing Index (+6.39%) and the China […]

Is Bitcoin your Financial Savior?

Alasdair Macleod & Michael Oliver return. Michael Timmins of Fury Gold Mines visits for the first time. It’s clear to those not prone to groupthink that global central banks are rapidly racing their currencies toward the dustbin of history. Governments’ deficits are growing exponentially. Rather than allowing interest rates to […]

Interest Rates Could Get Away from The Fed

Veteran mining analyst John Tumazos commented on his outlook for gold and the markets on January 13 and he said a couple of things I agree with that most market participants don’t see: First, he said that he ridicules both equity investors who think the Fed controls interest rates or […]

MIF Letter Writers Share Their Top Picks for 2021

Peter Ball, Brent Cook, Chen Lin, Eric Coffin and Gwen Preston return as guests on this week’s radio program. The junior gold and silver exploration stocks have been on fire and with massive monetary inflation required for the U.S. to fund its surging deficits to the detriment of the dollar, […]

Suppression of First Amendment Rights

It was another “Inflation on” week with my IDW reaching another new high. It rose from 173.87 last week to 175.65 as of today. No doubt inflationary pressures and increased equity prices have put some downward pressure on the T-Bond. With rising levels of price inflation, you might expect the […]

Dealing with the New Great Depression

Jim Rickards, Dr. Quinton Hennigh & Michael Oliver return as guests on this week’s program. Denial is a state of mind used to avoid dealing with reality. We, Americans, have refused to deal with the mathematical reality & systemic pathology of piling debt on top of debt, much of which […]

Will the New Year Bring Economic and Social Pain?

Yes, this week was an inflationary week as you can see from the key market metrics on your left. Also, after taking a breather last week, my IDW hit another new high this week at 173.87. Yes, it has been a good year for gold. But that doesn’t bring your […]

The Fourth Estate’s Role in Thrusting America into Fascism

Charles Hugh Smith and Jim Greig return as guests on this week’s program. Fascism is the system of government that cartelizes the private sector, centrally plans the economy to subsidize producers, exalts the police state as the source of order, denies fundamental rights and liberties to individuals, and makes the […]

Financial Deflation Before Inflation?

The abbreviated market this week took on a mild “risk-off” complexion. As such, my IDW registered a weekly decline for the first time in two months.  While I’m convinced the dollar’s days are numbered so that measured in dollars we are going to see massively higher prices in the months […]

Preparing for the Petrodollar’s Demise

Lyn Alden, Michael Oliver and Corwin Coe return as guest on this week’s program. After President Nixon closed the gold window in 1971, the U.S. dollar retained its value despite massive expenditures undertaken to expand its empire. The dollar retained its value through diplomatic arrangements with Saudi Arabia to force […]

Bitcoin and The Dollar

I don’t want to call this a risk-off week even though stocks and bonds and precious metals rose and interest rates rose. I think it more appropriate to view the world a bit differently now because I think what we are starting to see is major concerns of the one […]

Inflation Roadmap

Alasdair Macleod, Michael Hudson and Chen Lin return this week on the program. It is beginning to be obvious that global economic woes extend beyond COVID lockdowns and that monetary inflation for the dollar, as the common foundation for other fiat currencies, whose issuers face similar problems, will continue to […]

Selling the Chinese a Rope They’ll Hang Us With

In 1955, Major George Racey Jordan quoted Lenin as saying “When it comes time to hang the capitalists, they will vie with each other for the rope contract.” Whether Lenin actually said that is open for debate but what isn’t open for debate is the truth of that statement. We […]

The Handwriting is On The Wall

Judging by these metrics, we had a slight “risk-off” emotion for the week ending 12/11/20. Stocks were down and safe havens were up, evidenced by a slight increase in gold and a 2.3% increase in the T-bond. I really think the markets are biding their time to see how the […]

Coping with a New World Order

Richard Maybury, Michael Oliver and Marco Roque return as guests this week on the program. The Fourth Turning of America began around 2008 when American intelligence services began spying on Americans rather than exclusively on foreign adversaries. To the deep state, the forces of democracy become problematic when they seek […]

Stocks Up, Dollar Down

With stocks up and T-Bonds down you might think this was a risk-off  week. But what’s with the disconnect between the go-to safe havens, namely T-Bonds and gold? Could it be gold as well as silver giving us a whiff of inflationary winds? My Inflation/Deflation chart above, which registered its […]

Reducing Investment Risk amidst Increasing Chaos

David McAlvany and Dr. Quinton Hennigh return as guests on this week’s radio program. As we end the insanity of 2020, what might be in store for 2021? A growing number of proponents of Modern Monetary Theory (MMT) suggest that wealth can be created via central bank printing presses and […]

Borrowing From The Future is a Recipe For Disaster

Despite gold and silver getting taken down by the usual bullion bank suspects, this was an inflationary risk-on day. In this discussion I point to the rising 10-Yr. Treasury yields directly below and my Inflation/Deflation Watch further down the page. I will comment more on the rise in Treasury rates […]

Waiting for the Next Herbert Hoover

John Rubino, Quinton Hennigh and Michael Oliver return as featured guests on this week’s program. Why would anyone want to be President when America is facing an economic depression the likes of which has not been seen since the 1930s? The root of our economic travail is far deeper than […]

Precipice of a Major Decline

The Rogers Raw Materials (commodities) registered a 2.47% gain last week. That caused me to take a look at my Inflation Deflation Watch which I had not been paying close attention to. And wouldn’t you know it! It has now hit a new high at 169.03! Central bankers are really […]