Focused on Politics

If last week was nondescript in terms of on risk or off risk, this past week definitely was not. All categories were down hard, even the safe havens of gold and T-Bonds. I believe the reaction this week is in response to Nancy Pelosi removing the fiscal respirator from a dying American economic patient. Without another $2 trillion of “stimulus” being created, prospects for massive mortgage and rent defaults not to mention families going hungry became much more of a reality.

The chart below on your left shows the employment/population ratio in the U.S. revealing the dramatic COVID-19 lockdown impact followed by a massive multi-trillion- dollar fiscal stimulus that kept the lights on for millions of Americans, and it accounted for the sharp rebound. But we remain at a five-year low. With an election getting in the way of more handouts most likely until January when a new administration takes over, and with politicians especially in blue states clamoring for eternal shutdown, how do you think the ratio of employment/population will look for Q4 2020 and Q1 2021? On CNBC this past week David Rosenberg predicted a likely negative GDP for Q4. There is lots of political rhetoric from President Trump on how great the economy is bouncing back. I wish it were so, but that is not true. And I’m saying that as one who will vote for all the Republicans I can vote for.

As in my monthly letter, I’m focused on politics more than usual this week because I believe if the Democrats win the Presidency and the Senate, you can kiss America goodbye. The elimination of the Supreme Court if Democrats prevail will remove the third branch of government our Founding Fathers wisely constructed thus paving the way for a socialist dictatorship. The Democrats are clearly aiming to eliminate the Republican Party forever so they can enjoy dictatorial rule. And quite frankly I think they may pull it off, aided and abetted by a CIA and an FBI that were certainly involved in the soft coup attempt against President Trump over the past few years.

I hope after this election I can focus once again solely on picking good junior mining stocks and other investments and not worry about a loss of liberty. But what good will it do if we have an unchecked socialist government that simply decides to take away everything you work hard for and give it in exchange for votes to people from around the world who flock here to get free stuff until is all gone? Quite frankly that day may be much closer than anyone can imagine. And now that our First Amendment rights are being taken away so Democrats can win an election, what reason is there to continue working if truth is suppressed for the sake of supporting a ruling elite that rob, rape, and pillage the population? Social media’s suppression of clear-cut evidence of political corruption by the Biden family gives little reason to hope for a continuation of an America’s future that was born in 1776.

I am convinced now that America’s fourth turning began on schedule with the 2008 financial crisis and with the Obama Administration, which was at the very least complicit in the attempted coup against President Trump. Trump was a reaction to decades of global elites stripping the middle class of wealth to favor foreign deals that suited big government and the ruling elite that is now largely if not totally supported by the U.S. intelligence agencies and global financiers like George Soros and Michael Bloomberg. That’s the only way Democrats were able to get away with the fabrication of Russiagate during the Trump years in the White House.

Make no mistake. There is a global cabal to remove the liberties that were put in place by the Bill of Rights and the U.S. Constitution. As Archbishop Carlo Maria Vigano wrote in an open letter to President Trump this week, “A global plan called the Great Reset is underway. Its architect is a global elite that wants to subdue all of humanity, imposing coercive measures with which to drastically limit individual freedoms and those of entire populations. In several nations some of this plan has already been approved and financed; in others it is still in an early stage. Behind the world leaders who are the accomplices and executors of this infernal project, there are unscrupulous characters who finance the World Economic Forum and Event 201, promoting their agenda.  Depending on the outcome of this election, a need to focus on the eternal promises from our Creator rather than where the next ounce of gold will be mined may become blatantly obvious to all. I will continue to joyfully publish this letter as long as there is a constructive reason to do so. But at the moment, our future as a free people is most uncertain. Pray for America.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.