The U.S. Has Sold Out the American People

James Rickards and Dr. Quinton Hennigh return as guests on this week’s program.

James visits to talk about his latest book titled “Sold Out.” It focuses on broken global supply chains, surging inflation and the fastest rise in interest rates in our history. Add to that a western world that is on the verge of bankruptcy, thanks to overconsumption and under savings since 1971, and you have the potential for a global depression akin to or possibly worse than that of the 1930s.  Even prior to Covid and the Ukraine war Rickards predicted that when this current bubble implodes national central banks would themselves become bankrupt and thus give way to the IMF that would replace the U.S. dollar as the world’s reserve currency with the SDR, a unit of currency that would include various currencies and gold.

With central banks now losing control of inflation forcing interest rates dramatically higher, Rickards’ prediction that central banks are heading into bankruptcy is indeed coming true. Covid and the war in Ukraine are no doubt accelerating the demise of the existing dollar-based fiat system. How will all these dynamics impact your future investments and what can you best do to protect your financial wellbeing and safety in potentially turbulent times to come?

Quinton talks about one of the great new silver-tin polymetallic deposits, that being the Iska Iska deposit in Bolivia, where a world class deposit containing well over 100 million ounces of silver plus tin, lead and zinc is currently being outlined by Eloro Resources.

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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.