Why Inflation is a Runaway Freight Train!

Charles Hugh Smith and Quinton Hennigh return as guests on this week’s program.

Heated debates frequently erupt over whether inflation or deflation is the most important risk factor investors need to be mindful of. First, definitions of those terms are necessary to answer that question correctly. Once definitions are established, what factors like government accounting gimmicks and propaganda need to be understood to realize the magnitude of inflation and why it is as unstoppable as a runaway freight train. Charles talks about some of the arguments used by the establishment that understate the cost of staying alive which is destroying the living standards of the middle class.  Massive wealth is being redistributed to the top 1% of Americans and is reminiscent of feudal times in Europe.

In the first segment of the show, Quinton provides an update on Irving Resources as that company resumes drilling its exciting gold project in Japan. He will continue into the second segment to provide an update on the emerging world-class, silver-tin-rich poly-metallic Iska Iska deposit in Bolivia that is being developed by Eloro Resources. We explore the upside share price potential for Eloro Resources once the market begins to take note of the scale and economics of this massive bulk mineable deposit. Charles rounds out the second half of the show to help us understand why inflation is now unstoppable and hopefully provide some suggestions as to how middle-class citizens can best prepare to defend themselves against inflationary damage.

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Charles Hugh Smith is the author/ proprietor of the popular blog OfTwoMinds.com, which he started publishing in 2005.

He is the author of numerous books, including “Why Everything Is Falling Apart: An Unconventional Guide To Investing In Troubled Times.”  In his book “Money and Work Unchained,” he addresses the idea of UBI (Universal Basic Income) and starts by taking a fresh look at work and its role in human life and society and well as our system of money.  In November 2021 he published his new book Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States, where he discusses as in an age of scarcity, security is a degrowth economy of energy independence, social cohesion and civic virtue.

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.