The Money Revelation – How Hyperinflation Takes Root

Bob Moriarty and Quinton Hennigh return as guests on this week’s program.

Many things would be better in the world if all educated people knew what “money” is. For not only economic disturbances such as crises, credit crises, and inflation, but also social evils such as a class antagonism, mass impoverishment, and even political catastrophes such as wars, and revolutions, have their most important roots in the general ignorance of money all too often. Robert Moriarty along with Maik Enders was partly responsible for having a book titled “The Money Revelation” translated from German into English. The book which was written by Alfred Lansburgh, a banker, economist, author, and publicist who passed away in 1937. The book details how the ignorance of well-educated Germans enabled the German hyperinflation to emerge which led to the rise of Hitler and his Nazi party and ultimately to World War II. Unfortunately, Americans and Europeans appear to be as ignorant about money as the Germans were in the 1920s and 1930s. That leaves the West vulnerable to similar economic and political strife as was experienced in Germany in the 1930s and 1940s. The intention of the book was to shed light on how hyperinflation evolves. Arrogant policy makers erroneously think they can avoid a repeat of German hyperinflation. But if they don’t understand what money is, is that even possible?

Bob walks us through the steps that lead to an awful chapter in German history in the hope of helping listeners to be prepared as well as possible for such an outcome in the near future should it come. Quinton provides an update on an emerging world class, high-grade alkaline gold mine being developed by Lion One Metals.

Audio
You Tube

Robert Moriarty was born in New York in 1946. He began training as a military pilot in 1965 and became the youngest Naval Aviator during the Vietnam War in 1966. With two years in Vietnam and some 832 missions in combat, he left the Marine Corps in 1970. He worked in computers for a few years before beginning a 2nd career as a ferry pilot delivering small airplanes all over the world. He made over 240 ocean crossings mostly in single engine airplanes. He holds 14 international aviation records.

Bob and Barb Moriarty brought 321gold.com to the Internet in 2012. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors.

Quinton Hennigh is a member of the Crescat Capital management team and a director. He serves Crescat as the firm’s geologic and technical advisor. He is a globally renowned exploration geologist with 30+ years of precious metals mining experience. Dr. Hennigh began his career in gold exploration after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. Early in his career he worked for major gold mining companies including Homestake Mining (now Barrick Gold Corp.), Newcrest Mining, and Newmont Corp. Later, Dr. Hennigh founded Novo Resources Corp (TSXV: NVO), acting as its CEO and currently serving as Non-Executive Co-Chairman. He has played a key role in major global discoveries such as Novo’s Pilbara assets in Western Australia, First Mining Gold’s Springpole gold deposit in Ontario, Kirkland Lake Gold’s Fosterville gold mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One’s Tuvatu gold project in Fiji, among many others.

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.