Next Week’s Guests

The Money Tree, Open Borders & Other AOC Fantasies

John Rubino, John Watson & Michael Oliver return as guests on this week’s program.

As the Biden administration invites the world’s poor to come to America to receive free college, free medical care, free housing, etc., and vote Democrat, how will all those services be paid for? No problem, say Nancy Pelosi, Chuck Schumer & AOC. A money tree at the Federal Reserve is the gift that just keeps on giving. Why worry?  Money created by the Fed’s keystroke costs nothing! Moreover, the Fed’s money tree has resulted in more stock market prosperity than ever, thus proving the Fed’s omnipotence. Yet history reveals that this Keynesian monetary theory is a big lie. John Law tried it in 1719-1720, when his French national bank created so much debt-manufactured money that the financial system completely collapsed, leading to national despair and John Law’s escape from France to save his life!

John Rubino will explain why open borders and other vote-buying gimmicks are leading to massive inflation that will ultimately collapse the system and how we can best prepare for that fateful day that may arrive sooner than we can imagine. Are equities nearing a cliff and is gold ready to resume the bull market of a lifetime? Or might a new market law paradigm exist that says we can indeed have prosperity without production? We will ask Michael. John Watson will update us on NV Gold’s drill targets in its hunt for a major gold deposit in Nevada. 

John Rubino runs the popular financial website DollarCollapse.com. He is co-author, with GoldMoney’s James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. 

John Watson, Chairman and CEO of NV Gold Corp., has over 45 years experience in the mineral resource industry. From 2002 to 2007, Mr. Watson was the President of Pan-Nevada Gold Corporation which, prior to the completion of its plan of arrangement with Midway Gold Corp. effective April 13, 2007, was a TSX Venture Exchange listed company focused on the acquisition, exploration and expansion of advanced stage gold projects in Nevada. From 1979 to 1993, Mr. Watson was the President and CEO of Horizon Gold Corporation, which was listed on NASDAQ from 1986 to 1993. Horizon Gold Corporation built and operated two open pit, heap leach mines in Nevada during the period from 1985 to 1992.  Mr. Watson holds a B.A. in Geology from the University of Texas and a M.Sc. in Mineral Economics from the Colorado School of Mines.

Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.

In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism. 

Previous Week’s Program

Why the Dollar’s Debt Trap is Inflationary

Alasdair Macleod, Dr. Quinton Hennigh and Chen Lin return as guests on the program.

Including bonds and other financial issues emanating from the U.S. Government, the individual states, the private sector and the broad money supply, dollar debt totals roughly $100 trillion, to which we can add shadow banking liabilities realistically estimated at a further $30 trillion. This gives us an idea of the scale of the threat to asset values and banking posed by higher interest rates, which are now all but certain. The prospect of contracting financial asset values is potentially far worse than in any post-war financial crisis, because the valuation base for them starts at zero and even negative interest rates in the case of Europe and Japan. Many argue that if the existing fiat monetary system self destructs, the dollar will be the last currency standing.

But Alasdair will explain why the dollar is likely to be the first to fold taking down the entire dollar-centric system with it. Of course, in trying to save the dollar, the Fed will accelerate the supply of dollars exponentially leading to massively higher prices and a global monetary reset. Quinton will update us on progress being made on Eloro’s Iska Iska massive silver and tin-rich global project in Bolivia and Chen will provide his latest thoughts on investments he believes are most ripe for earning profits.

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 https://www.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.

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. 

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/