Turning Hard Times Into Good Times

Former New South Wales Judge Michael Pembroke visits for the first time. Michael Oliver and Michael Hudson return. From his cosmopolitan background, Judge Pembroke will discuss important geopolitical changes underway with the center of power and wealth shifting from the Atlantic to the Pacific regions of the world. What are the causes for America’s declining power and wealth? Aside from Asian countries, which regions of the world will fare best and which ones not as well? How should individuals prepare to survive in a much less affluent setting? One suggestion always offered is to trade rapidly declining fiat currency for tangible assets starting with real money, gold and silver, and the companies that discover and mine those monetary metals. Michael Hudson will talk about progress being made by Hannan Metals in outlining massive copper-silver targets in Peru. And Michael Oliver will highlight the markets you most need to keep an eye on at show time.

Ronald-Peter Stöferle & Dr. Quinton Hennigh return. The Fourth Turning written in 1997 predicted that during the mid 2000’s, major social, economic and political changes would occur in the U.S. The 2008-09 financial crisis followed by the election of Barak Obama has indeed marked America’s 4th Fourth Turning. Fourth turnings always bring major social and political changes. And so we now see BLM & Antifa clamor for Marxist rule and many, if not most Democrats and the intelligence community, seem to be in sympathy with those aspirations. Lenin said that the best way to destroy the capitalist system is through currency debasement because by so doing, governments can confiscate wealth, secretly and unobserved, from an important part of its citizenry. Whether these forces destroy all that 1776 bequeathed to Americans, only our Creator knows for sure. But if currency debasement is the best way to destroy capitalism, America is well on its way toward that end. From the 2021 edition of “In Gold We Trust,” c

Dr. Peter Treadway, Michael Oliver and Corwin Coe return as guests. On May 5, Peter opined that “The outlook for U.S. stocks has turned negative.” That article focused on the costs of green energy being imposed on Americans by far left politicians. But Peter who is focused on global markets will most certainly have some views on the Asian markets, which he is very much involved with from his part time perch in Hong Kong. Specifically, I want to ask him about his views on the worsening of Chinese-US relations now that a more antagonistic Trump administration is no longer in charge. Michael has not hidden the fact that he too thinks the bullish days for stocks are numbered. He will provide his latest views on all the markets of great importance to our listeners and Corwin Coe will provide us with an update on the latest progress being made on Sitka Gold’s gold exploration projects in Arizona, Nevada and the Yukon.

Robert Moriarty, Dr. Quinton Hennigh & Jeff Deist return. The Club of Rome warns that “the earth’s interlocking resources–the global system of nature in which we all live–probably cannot support present rates of economic and population growth much beyond the year 2100, if that long, even with advanced technology.” Other elite organizations issue similar warnings. But how will population decline when China promotes population growth and supports it by massive growth in power-generated electricity? While 99% of technology may be positive for our well being, it’s also true than 1% of the new tech may actually be systemically destructive. Robert will discuss the unthinkable but scientifically-based concerns of a top independent pharmaceutical scientist about the threat of new vaccine technologies to vastly reduce the global population over time. For those who focus on life, Jeff will opine on this week’s topic from a libertarian perspective and Quinton will provide an exploration update on Lion One’s exciting

Alasdair Macleod, Michael Oliver and Dr. Quinton Hennigh return. Bullion banks and central banks have controlled the rise in gold prices through the application of newly-printed money to create fake supply and allow nearly infinite leverage in the gold market, relative to unencumbered physical supply. With banks front running profits through paper market gold price manipulation, why would the Bank for International Settlement (the bankers’ banker) lay down regulations under Basel III that will cause those profitable gold price suppression activities to cease? We will explore the underlying economic and geopolitical dynamics triggering those regulatory changes with Alasdair and seek his opinion for what that will mean for the price of gold and other related markets. Michael will provide his latest momentum and structural readings on gold and other key markets and Quinton will update us on Novo Resources, which Bob Moriarty believes is onto “the greatest gold discovery in history.”

David Rosenberg, Dr. Quinton Hennigh & Eric Coffin return. While most investors believe a rising CPI in America is a serious economic threat, David thinks those worries are very much overblown. He says that what's going on isn't a fundamental shift, but rather a pendulum swinging back to the opposite extreme following the sudden deflationary demand shock caused by the pandemic. Rosenberg argues that the factors that contributed to this surge in prices are already starting to fade. Given that view, how then is David positioning his investments at a time when by almost any metric you name, U.S. stocks are as overvalued as at any time in history. Eric will provide his views on key metals markets, and following the May 26 report of a 123.6-meter drill intercept grading 122.7 grams/tonne silver equivalent by Eloro Resources on its Iska Iska project, Quinton will talk about the potential economic significance of this emerging world class discovery.

Lyn Alden and Michael Oliver return. Michael sees a layered but significant equity bear market. In the near term, US Treasuries and gold will benefit. But as deficits surge, inflation rises forcing the Fed to fund nearly all of the Treasury needs. Confidence will be lost in the Fed and Treasuries will join equities and other asset classes into a bear market. Michael sees prospects for a 1970s-style stagflation when double-digit inflation was joined by very high unemployment rates. Lyn just wrote a paper titled The Ultimate Guide to Inflation in which she describes various forms of inflation. What does she think of Michael's stagflation view or Alasdair Macleod’s view of a parallel between the Mississippi Bubble disaster and the Fed's need to print money to buy Treasuries in order to maintain a false sense of Treasury market value? If she agrees with neither view, what does she think is the most likely scenario we face in this increasingly unstable market environment? As usual, Michael will also give us an u

Kevin Duffy and Chen Lin Return. Carl Löfberg of Firefox Gold visits for the first time. “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” That famous quote from Charles Dickens best describes the view of Kevin who sees both enormous social upheaval and poverty but at the same time sees “the hockey stick of human prosperity.” According to those views, we will ask Kevin how he is investing his funds’ resources. Chen, who is no stranger to bio technologies that can better the lives of humanity, will share his views on the market and Carl will talk about some very exciting high-grade gold exploration targets for Firefox in Finland.

John Williams, Dr. Quinton Hennigh and Michael Oliver return. Peter Boockvar told us last week that the Fed actually believes that rising inflation rates are transitory but think that by generating more inflation now that would be positive for the economy. But does it really matter what the Fed thinks and wants? John Williams believes the Fed will get higher inflation and will get it in spades. Even the Fed admits that surging money creation no longer boosts the economy but according to John it is likely to lead to hyperinflation. He remains hugely bullish on gold and silver. Michael Oliver believes the next move higher for gold will be when the equity markets head south so we will want to know what his latest forecast is on stocks. Quinton will update us on Irving resources. That stock has been very quiet even as some important corporate events have taken place as the markets await drill results. With few excited about Irving at this time, might it be time to acquire some shares?

Peter Boockvar, Chief Investment Officer of Bleakley Advisory Group, visits for the first time and Chris Taylor of Great Bear Resources will update us on the growth of that company’s tier-one gold discovery in Ontario. Quinton Hennigh will also provide an update on the production progress being made by Novo Resources’ Beatons Creek project. After acknowledging that “indicators of economic activity and employment have strengthened” because of “progress on vaccinations and strong policy support,” the Fed remains firmly committed to the belief that while “inflation has risen,” it is “largely reflecting transitory factors.” During the 1970s the Fed uttered similar comforting words only to watch the CPI soar well above 10%, leading to draconian 17% interest rates to avoid the American economy shooting off into double-digit rates of inflation. We will ask Peter whether he thinks dollar inflation is transitory and if not what that might mean for our markets. Your host expects to pass along at least one and possibly

Alasdair Macleod, Michael Oliver and Chen Lin return. With bitcoin’s price still rising and expected to rise even more, there has been a growing belief in crypto currency circles that it will replace unbacked government currencies when they eventually fail. Alasdair says the assumptions behind this conclusion are naïve, exposing hardly any knowledge in what qualities are needed for sound money. Governments resist a return to gold-backed currencies but Alasdair will explain why governments will have no choice but to do so as a result of powerful market forces. And we will ask him what signs to look for that will tell us a change to gold-backed money is upon us. Michael will update us on the markets he thinks are the ones you need to watch most closely as the march toward non-backed fiat currency destruction continues. Chen will talk about a couple of his favorite investments and perhaps provide some thoughts about how geopolitical dynamics may impact the markets through 2021.

John Rubino and Quinton Hennigh return. America’s economic, social and spiritual decline is well recognized apart from Marxists who are cheering it on. U.S. debt is growing exponentially & can’t be serviced without higher rates that will send us into a deflationary depression akin to the 1930s or worse, or massive money printing leading to hyperinflation. With neither option politically viable, why not distract Americans with a war? President Biden has personally assured President Volodymyr Zelensky of America’s “unwavering support for Ukraine’s sovereignty and territorial integrity in the face of Russia’s ongoing aggression in the Donbass and Crimea.”At the same time Russia has established a red line where the U.S. and NATO dare not tread. John will give his thoughts on how all this may impact our lives & investments. Quinton will provide an update on Novo Resources' recent price decline and he will also update us on Eskay Mining’s exciting exploration efforts in B.C.

David McAlvany, Michael Oliver & Quinton Hennigh return. The handwriting is on the wall now for EVERYONE to see. Freedom to spend your money as you wish without government permission is about to end. That's because a mismanaged global monetary system now requires not only low interest rates but negative interest rates to hold the system together. To be able to take money away from your accounts, you will be forced into a digital only monetary system. Aside from our loss of personal liberty and privacy, might there be ways to minimize the theft of our wealth by governments and central banks? That and other topics will be broached with David. Michael will update us on the structure and momentum of key markets and Quinton will tell us of the latest progress being made by Lion One on their major-scale Tuvatu alkaline gold deposit in Fiji.

Alasdair Macleod, Chen Lin and Michael Hudson return. One reality American policy makers overlook is that the basis for strong nations is a strong economic footing. Believers in the Keynesian fairy tale that you can create wealth by printing money are blinded by that Keynesian big lie. So political leaders from both parties continue to think American weapons can keep securing American military and dollar hegemony. Alasdair will explain why America is already on its back foot in the continuing cold war, why the days of dollar hegemony are limited and what that will mean for your investments. Chen will add his geopolitical perspective and as well as offer some exciting investment ideas and Michael Hudson will update us on the progress of Hannan Metals with its world class copper-silver sedimentary-hosted exploration project in Peru.

David Stockman, Michael Oliver & Michael Timmins return. “Leave it to the New York Times to remind us why prosperity is not just around the corner. And that’s regardless of whether or not the force-feeding of $6 trillion of Everything Bailouts into the US economy during the past 365 days causes the 2021 GDP stats to make up for the 2020 plunge brought on by the Virus Patrol.” So wrote David Stockman in his March 23 missive discussing why the current exponential trend in government spending is leading the U.S. economy not to a more productive economy but rather toward a cataclysmic end. We will ask David to explain and what advice he may have for common folks given that view. Based on Oliver’s momentum and structural analysis of key markets, we may ask him what he thinks of David’s views on the impact of out of control spending as he comments on key markets. Michael Timmins will provide an update on the exploration and development progress being made by Fury Gold Mines.

John Rubino and Corwin Coe return. As countless thousands of illegal immigrants swarm over the U.S. southern borders from all over the world, Democrats can’t wait to give them free stuff in exchange for votes. It’s as if money grows on trees. But it doesn't! Each dollar created has behind it not gold but a dollar of debt. The math doesn’t work because debt is growing much faster than income. Sooner or later, the system will either implode into deflationary depression or explode into a hyperinflation. How much more of this debt-based money can be produced before we face a hyper inflationary end? That is a question we will pose to John. Corwin, who heads up Sitka Gold Corp., will update us on not just on one but on three exciting gold exploration projects. Just recently Sitka reported drilling into favorable rocks in quest of the next Carlin-style gold deposit in Nevada. In your host’ view, this penny stock has loads of upside share price potential. Stay tuned!

Chris Powell, Michael Oliver & Patrick Highsmith return. If individuals created money out of thin air as central banks do, they would go to jail for counterfeiting theft. The need for this central bank’s immorality is to be able to clandestinely pick the pockets of its citizens to fund “essential” services run by the military industrial complex and “bleeding heart” socialist politicians. To achieve that end, the price of gold must be capped within possible limits to con the masses into remaining confident in a dollar that has lost massive amounts of purchasing power. Chris will explain the mechanical operations of how this con job is carried out by America’s ruling elite. Within this con operation gold creeps silently higher over time, allowing retention of purchasing power by those who own it. Michael will update us on where the price of gold is headed and Patrick will talk of the gold exploration plans FireFox Gold has for its massive high-grade gold targets in Finland.

Frank Holmes & Jeff Deist return. Trillions of dollars created out of thin air serve to reduce interest rates toward zero. This combined with lower capital gains taxes has resulted in the greatest financial gambling casino in history and taken wealth away from production. Now, with inflation on the rise, the days of zero interest rates appear to be numbered. And a new administration is likely to hike capital gains taxes forcing capital more toward companies that actually produce useful products and profits. What kind of companies will benefit most from this rapidly changing environment? Gold and various commodity producers should do well as raw materials prices rise. But what about technology stocks, including crypto currencies? We'll ask Frank, whose funds invest in both precious metals mining and crypto currency mining, to opine. Jeff will provide insights into political and economic factors shaping changes in this brave new world. Your host will update you on favorite gold shares.

Alasdair Macleod, Chris Taylor & Michael Oliver return. Alasdair will explain why gold, not crypto currencies, is destined to replace fiat money because cryptos can only act as stores of value so long as fiat exists. Alasdair will explain how a world transacting with monetary gold and properly constituted gold substitutes works. Unbacked bank credit expansion in Roman law was ruled to be fraudulent 1,800 years ago and markets will demand that to happen again. Global fiat now sits on the precipice of self destruction but what is there to prevent the elite from devising a new fiat system that allows it to continue to rob those it labels deplorable? Those and related topics will be explored with Alasdair. Then Chris will update us on Great Bear Resources which was a star stock performer in 2020 but has recently gone quiet. Chris will make the case as to why Great Bear’s best days are yet to come and Michael will share his latest insights into key markets.

Robert Moriarty & Dr. Quinton Hennigh return. An early settler in NW Australia, James Withnell aided by a nasty crow, first discovered gold in Australia's Pilbara in 1888. For reasons spelled out in Robert's book What Became of the Crow? Inside the Greatest Gold Discovery in History”gold mining was largely confined to weekend hobbyists who were clueless regarding the scale of conglomerate gold deposits under their feet. Not until Quinton's theories of how the great Wits deposit in S.A. was created led him to explore this vast region did anyone on earth except Quinton himself begin to fathom the amazing scale of wealth that Novo is about to mine. Quinton will update us on Novo's path to production and his vision for the future. Bob will share a very colorful story of the players led by Quinton & an Australian prospector named Mark Creasy to make what may well be the greatest gold discovery in history.