The handwriting is on the wall!

We are now in the midst of a “Fourth Turning,” meaning that we are facing massive changes and, so far, it doesn’t seem as though it will be for the better in terms of freedom and economic prosperity within these four dimensions of time and space. In my strongly held view, I look dimly on our future because an elite group of very rich, but totally unelected people are increasingly destroying free market capitalism in favor of a model that looks a lot more like Marxism. Thankfully the Supreme Court is making some very positive decisions based on Constitutional Law. That gives me a glimmer of earthly hope. But I fear the economic damage has been done by Keynesian economic policies that have enriched a ruling elite (the World Economic Forum) that intends to live up to its model of making the masses into their slaves. A very good understanding of how and why America is in decline, why this ruling elite defied the democratic rights of the American people in 2016 and conspired to overthrow President Trump in 2020, and is still seeking to put him away, was provided by Bob Moriarty on my June 28th radio show. Bob had so many important things to share that we had to do a separate discussion that was not aired on my show. You can listen to both Part 1 and Part 2 of my interview with Bob Moriarty in my June 28th show titled, “How Are Those Sanctions Working Out Mr. Biden?” at https://jaytaylormedia.com/audio/ The two charts shown on this page provide at least a partial answer to the question of my show. Sanctions are not working! Russia’s currency has been the strongest currency in the world, even as both China and Russia continue to unload U.S. Treasuries.

Unfortunately, the ruling elite are refusing to face reality because if they were to do so they would have to admit defeat. Rather than come to grips with reality they engage in lies and propaganda aimed at perpetuating their power much as happened in 2016, when Democrats refused to face the reason why they lost that presidential election. And so what seems to be headed our way are more and more totalitarian anti-free market policies that lead to increased impoverishment of the American people. In this environment all anti free market intervention is being pursued to try to maintain the dollar’s global dominance and, by definition, this means downward manipulation of the dollar’s most formidable competition in a free market, namely gold. Putin most certainly understands that from an economic perspective. He has the West on the ropes and he will do everything in his power to defeat the West, not militarily, but economically. And he has a very strong ally of like mind that being China to whom the U.S. has sold the rope Xi Jinping will use to hang us with.

Despite this dismal outlook for freedom and prosperity we must carry on as best as we can, seeking not to lose the joys of life today for fear of the future. This is the first month of our new monthly format that is designed to provide a summary of the financial standing and progress of companies covered in this letter. Your feedback would be greatly appreciated.

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.