Has Capitalism Failed?

Doug Casey, Chen Lin and Dr. Quinton Hennigh return as guests on this week’s program.

Not only rhetoric but policies of the Biden Administration look more akin to those of fascist and/or communist dictatorships than a free-market capitalist system. While America never had a perfectly free market capitalist system, thanks to both Republican and Democrat parties, it is now hard to discern economic policies much different from fascist and communist governments as our choice to engage in commerce is increasingly regulated by big government. Nor do Americans seem to care much about civil liberties as evidenced by the demolition of our First Amendment rights through Big Tech censorship aimed at giving in to the Democrat party dictatorial power.

As the middle class dwindles and the top 1% own nearly all of America’s wealth, the middle class is rapidly moving toward abject poverty as stimulus checks from “Uncle Joe” are quickly losing value thanks to QE programs, one after another. Yet Americans who vote on either side of the isle tend to make their decisions not on the basis of classical logic but on emotions.

Doug helps us ferret out what has led to a decline in America’s living standards. Is it the capitalist system that has failed or is it the fault of the politicians that simply pulled the stable construct of capitalism out from under its foundation? Doug provides answers to those questions as well as where he thinks the world is heading to and how you should prepare.

Quinton updates us on the progress Lion One Metals as it moves toward test mining its high-grade alkaline gold deposit in Fiji. Chen shares his thoughts about 2022 as we start the new year and offer some investment suggestions in the biotech and gold mining sectors.

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Doug Casey is a highly respected author, publisher and professional investor who graduated from Georgetown University in 1968. His book on profiting from periods of economic turmoil Crisis Investing, spent multiple weeks as 1 on the New York Times bestseller list and was the bestselling financial book of 1980. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Maury Povich, NBC News and CNN and has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. Doug has visited over 160 countries, and lived in 10. He currently spends most of the year in Argentina and Uruguay. He sold Casey Research, and now writes at InternationalMan.com, as well as doing a youtube podcast called “Doug Casey’s Take”. With co-author John Hunt he’s written three novels in the Charles Knight High Ground series (“Speculator”, “Drug Lord”, and “Assassin”) with four more on the way.

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 

 

 

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. 

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.