The Monetary Path to Hell!

James Turk, Michael Oliver and Quinton Hennigh return on this week’s program.

America’s Founding Fathers defined the dollar in terms of a set amount of gold and silver because they understood fiat money would enable politicians and private citizens to counterfeit money as a means of robbing honest, hardworking citizens and thereby deprive them of their natural rights to life, liberty and the pursuit of happiness. Fast forward to 2021, in a world of massive money manipulation by the Federal Reserve Bank, Americans are confined to their homes, mandated to be vaccinated, forced to wear masks, told when and with whom they can assemble, and told what they are allowed to say. Not only is our wealth being stolen through monetary inflation, which would be impossible had we kept gold and silver as money, but we are also losing life, liberty and the pursuit of happiness.

James Turk who has understood the connection between dishonest fiat money and the road to hellish government tyranny has written about this subject in his newly published book titled “Money & Liberty: In the Pursuit of Happiness and The Theory of Natural Money.” We asked James to explain how sound money is a precondition to a sound and fair meritocracy that enables people to be free to use their God given talents for an advanced equitable society.

Michael shares the results of his latest momentum and structural analysis of gold and silver and other significant markets and Quinton provides an update on Eskay Mining’s evolving precious metals rich VMS deposit in B.C. that is connected to the famous Eskay Creek mine.

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James Turk is the founder and Lead Director of Goldmoney, which provides a convenient way to buy and sell gold online using the digital gold currency for which he was awarded four U.S. patents. He has specialized in international banking, finance, and investments since graduating in 1969 from George Washington University with a B.A. degree. He began his career with The Chase Manhattan Bank, with stints in Thailand, the Philippines, and Hong Kong. In 1980 he joined the private investment and trading company of a prominent precious metals trader and moved to the United Arab Emirates in Dec. 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, until he resigned in 1987. James Turk has written several monographs on money and banking and is the co-author of “The Coming Collapse of the Dollar,” “The Collapse of the Dollar,” “The Money Bubble: What To Do Before It Pops,” and more recently “Money & Liberty: In the Pursuit of Happiness and The Theory of Natural Money.”

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. 

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.