Turning Hard Times Into Good Times

David Tice has a thorough understanding of Austrian economics. That allowed him to understand that the Keynesian economic policies of America’s central planners would lead to massive market failures as seen from his 30,000 ft. up “macro” perspective. Mr. Tice also has an accounting background that enabled him to catch gimmick accounting performed by Corporate CEO’s that sucked investors into stocks even as insiders were rapidly selling. David's macro and micro perspective led him to launch the Prudent Bear Fund which has profited from shorting stocks during one of the worst bear markets in history. Mr. Tice remains bearish on the market and on the U.S. economy. He will tell us why. But how will this economic and market pathology play out? Will we see a deflationary implosion or a hyper inflationary explosion? We will ask David how investors should position their portfolios for either strategy. Start 2010 off right. Catch the views of winning market strategist, David Tice.

Since Nixon took us off the international gold standard in 1971, spending by the U.S. government as well as individuals and corporations has run amok. Martin Gross, author of “National Suicide” reports that government is not only spending trillions of dollars it doesn’t have and thus sentencing our children to a life of poverty, but its programs are in many instances downright fraudulent. Even those programs that may not be riddled with fraud and abuse have had many negative unintended consequences. For example, even though the government has spent several trillion dollars for welfare since 2000, the number of people below the poverty line has risen above the 37 million Americans since then. Foreign policies relating to China and immigration are also destroying our living standards. The national government spending scam is resulting in the rich getting richer at the expense of the middle class. What can be done to stop this horrible trend? Author Martin Gross will explain.

The meltdown of the financial sector in 2008 took the world by surprise. yet credit crises have been part of the human experience since before the birth of Christ. Even in the best of times of the Roman Republic, a span of about two centuries, there were about a half-dozen credit crises. However, with the detachment of money from an asset base like gold or silver, the sharp line of demarcation between money and credit has practically dissolved. With currency created at the click of a mouse--or produced in quantity when a central bank credits its balance sheet in exchange for government debt, mortgages, or the equally formless currency of other nations--an era of endless money was born. The current system is on the verge of breaking down as socialism is funded with printing press money. Debt is growing much faster than income. Does this suggest a hyper-inflationary or deflationary depression? William Banker will opine and prescribe a remedy for our defunct banking system.

Our Founding Fathers largely believed in a Judeo-Christian world view. Self constraints of the Ten Commandments that flowed from that view and believed by a majority of citizens has enabled limited government and free market capitalism to work better than any other system in the history of humankind. But what happens when a Darwinian world view of chaos takes over, where each of us are accidents of nature? If there is no God, why worry about immoral & illegal gains so long as we avoid being caught? Having no moral constraints, government grows exponentially and freedom is quickly lost. The Darwinian evolutionary world view is the politically correct view now taught in our public schools. But is it true? Astronomer Hugh Ross will provide main stream scientific (non young earth) evidence that our Founding Fathers had it right. He will also suggest why a correct world view is not only important for our national interests but eternally for everyone.

We are now in the sixth major credit contraction of the last 300 years. The first four were U.K. centric. That last complete deflationary cycle during the 1930s was U.S. centric as is the current cycle. In each of these major credit contractions, price deflation followed the contraction of money and credit. Will it do so again? But, with central bankers no longer encumbered by a restrictive gold standard, can enough money be printed fast enough to outrun a massive deflationary depression this time? Can the current debt deflation be inflated away? We’ll ask market analyst and financial historian Bob Hoye those questions as well as what the gold/silver ratio might be telling us in that regard. What about gold and the dollar? Is the dollar destined to lose all its value as gold rises to infinity? Or, might the dollar as the senior currency become “strong” again as happened in prior cycles? What matters to gold mining investors? The nominal or real price of gold?

We are in the greatest gold bull market of a lifetime. Yet, producing gold profitably is a very difficult endeavor and one that is wrought with risk. Most investors know little about the risks inherent in the business of gold mining or about the sophisticated science that goes into finding gold and producing it. Mining gold for a profit is very difficult and very few companies succeed in doing so. Your host has studied geology and gold mining since the late 1970s. So, I know something about what it takes to make a profitable gold mine. But there is no one who is more capable of finding hidden fatal flaws in a mining project than our special guest, exploration geologist Brent Cook. This highly acclaimed exploration geologist who wealthy people turn to for advice before they invest will tell you what he looks for in a gold mine before he invests his money or his client’s money. If you are a gold share investor, you don't want to miss Brent Cook's words of wisdom and experience.

Our special guest this week is Ian MacDonald, who has been in the gold bullion business for years with the likes of Commerzbank AG, Credit Suisse, and Billiton (UK). Recently he managed a gold asset management company for the government of Dubai. Ian will bring his vision from inside the gold markets to explain why gold is on the rise, who it is that is buying, and how high it can rise in the future. He will also talk about his new firm’s efforts to secure gold bullion purchases for wealth investors who oddly enough have not been able to buy gold. Is government to blame for that? Does Mr. MacDonald believe, as proposed by the Gold Anti Trust Action Committee, that the price of gold has been suppressed for many years? Tune in to find out what this insider has to say about those issues. Mining Company Interview – Also this week, Ron Perry of Metanor Resources Inc. will talk about the recent tragic deaths of three miners and the company’s positive plans to grow the company.

Kevin Duffy and Bill Laggner earned a 100+% return in 2008 when everyone else was going broke. How did they do it? They applied their knowledge of Austrian economics to get them on the short side of the markets before they crashed, following the Lehman Brothers failure in September of 2008. Their staunch deflationist views proved exactly right in 2008, but what about now? Are they still betting on inflation or do they see the possibility of our fiat money scam system turning into hyperinflation? What do they think about gold, the dollar, stocks and bonds? Given their views, what should investors generally do with their money? Should we invest in America or should we seek other, safer havens to store our wealth, given an increasingly anti-capitalist posture displayed by Washington? These are some of the very important life-and-death questions we will pose to these two very successful fund managers. You can’t afford to miss this interview.

When gold was below $500/oz. Fed Chairman Alan Greenspan twice said, “Central banks stand ready to lease gold, should the price begin to rise.” That became known as the “Greenspan call.” Greenspan was essentially telling the world that governments would suppress the price of gold and as evidenced by the brilliant work of GATA (www.Gata.org) the Fed did suppress the price of gold for quite a few years and is still capping it. However, now with the price of gold over $1,000 the world is becoming increasingly disturbed by a dollar of which endless amounts are being created out of thin air. Special guest Trace Mayer will explain how, with growing credit problems only temporarily suppressed, “Greenspan’s call” is becoming “Beijing’s put.” Trace will give us a gold price projection or two and he will also provides some advice on how you can best protect yourself against what he thinks will be an extremely difficult economic environment going forward.

After the post-World War II nuclear age, it was no longer possible for empires to conquer other nations overtly with military force. A more clandestine means of conquer was required. Economic hit men like John Perkins were sent into foreign nations under corporate disguise with the goal of indebting foreign nations to the IMF, World Bank, and large U.S. banks, for the construction of major infrastructure projects like dams, airports, highway systems, etc. Once a nation was in debt, it could then be forced to sell its raw materials to the developed world at a very low price, thus enriching the empire. Perkins will explain how the U.S. uses its military to force nations around the world to accept a currency that has been backed by oil rather than by gold since 1971. He will talk about how national leaders not cooperating with the U.S. are treated and why we are at war in Afghanistan and Iraq. Perkins will explain what this means for our investments. You can’t miss this show.

Past guests such as Ed Griffin, Catherine Austin Fitts, Ron Paul, and others on Turning Hard Times into Good Times have spoken of sinister forces, who are behind the American throne of power, disrupting markets and our political system for their own gain, at your expense! This week’s special guest, Rob Kirby, applies his vast experiences as a trader in the treasury and gold markets to show how and why our policymakers feel they must manipulate the gold markets if they are to continue conning the American public and getting Americans to bail them out when their banks lose money. Kirby will name key players who claim to be looking out for you but who in fact are doing great damage to you and every other citizen around the world who works hard and plays by the rules. Kirby will show that the Ivy League types, who look good, are in fact the biggest con artists of all. To know the players, you need the scorecard Rob Kirby will provide for you.

In 2002, Robert Prechter’s book Conquer the Crash predicted a major decline in the stock market and in the economy. He seems to have been “spot on” in his prediction, given the horrendous stock market decline following the Lehman Brothers collapse and the worst business downturn since the Great Depression. Now, the equity markets have bottomed. Since March we have been enjoying a powerful bull market in stocks, commodities, and, to a lesser extent, precious metals. If we are to believe our government’s economic numbers, the economy is improving as well. But is the worst behind us? Have we now conquered the crash? And what about gold now that it has risen to over $1,000? Is it time to bet on good times again? Is it time to sell gold and buy stocks? We’ll ask Bob Prechter for his widely sought opinions on these issues. Be sure to tune in or listen via archives.

If you ever watched the movie, “Enemy of the State” starring Will Smith, you no doubt told yourself it was mere fiction. But, what happened to Will Smith was not far fetched. Something similar to what happened to Will Smith happened to this week's guest, Catherine Austin Fitts who applied her banking skills from her days at Dillon Read to help put the federal mortgage operators at FHA/HUD on a sound footing and lower their cost of capital. If America were truly a land of free enterprise and opportunity, Catherine’s efforts would have been richly rewarded. Instead, her competition was punished by a “blue chip” ruling elite that wanted instead to use FHA/HUD to engineer the largest housing bubble in history. Ms. Fitts will explain how sinister corporate forces with special ties to judges and politicians targeted her and her company, but indirectly, the lives of all Americans through government enablers for money laundering by drug lords and financial bubbles for Wall Street.

Decades of Keynesian economic policy and irresponsible money creation by the FED has resulted in America becoming the biggest debtor nation in history. Because of that, America is facing prospects for the greatest economic decline since the 1930s. The only question now is whether the symptoms of this decline will be inflation or deflation. Our Special Guest this week, Sean Brodrick believes we face more deflationary pressures in the financial markets in the near term. However, longer term he thinks inflation could be an extreme problem. Thinking back on Ian Gordon's comments last week, we will ask him how the Fed will succeed in doing what Ian suggests it is impossible for it to do, namely inflate our debt away. We will also be interested in what Sean thinks the average person should do to protect themselves. Sean who specializes on Canadian and Australian mining stocks will no doubt have some ideas how to use investments in that sector for personal financial success.

Nations and their economies run through 50 to 70 year credit expansion/contraction cycles known as a Kondratieff wave. Special guest Ian Gordon, Chairman of Long Wave Group and economic historian tells Jay Taylor why the U.S. and the global economy has entered into a credit contraction that will be as bad or worse than the deflationary depression of the 1930s. Ian will explain why polices geared to stimulating the economy will not only fail but will plunge us even deeper into a price collapsing depression. He will explain why he is betting on deflation, not inflation and why, in this environment, gold mining will be a portfolio savior as it was during the Great Depression when the Dow to gold ratio approached 1:1. Ian will provide an update from the time we last talked to him on our show back on May 5, 2009. Ian may also name a few of his favorite gold mining stocks. www.longwavegroup.com

On April 27, Dr. McHugh warned our listeners his Elliott Wave work and a number of other technical tools suggest very strongly that the U. S. is heading toward another epic stock market decline that is likely to be much more significant than the one last autumn. He sees the potential for the next decline to alter global history and to take America into another depression much more severe than that of the 1930s. Dr. McHugh also sees a possibility that the stock market lows of 2009 could hold. This would be the best possible event. However, even then the Dow would remain range-bound between the mid 6,000s and 11,000 for five or more years to come. Living standards would decline. Dr. McHugh had set September 21 as a most likely “turn date” for the market. This discussion will be recorded on Friday, September 18, at which time we will revisit Dr. McHugh’s views on America’s future and how you can best protect yourself against the difficult times that lie ahead.

In our very first show, on March 24, 2009, Ed Griffin Author of The Creature from Jekyll Island, explains why America is in the financial mess we are in and how the Federal Reserve and its shareholders are to blame. Mr. Griffin explains what Americans can and must do if we are to have any hope of retaining our personal liberties and prosperity. Congressman Ron Paul, M.D. and Presidential candidate explained on April 7th why the Federal Reserve is to blame for the economic crisis we are now facing. Ron talks about his legislation to shine the light on the Fed’s responsibility for our economic disaster. Dr. Paul, also explains why he is worried about the potential for a hyper inflation and he offers some valuable advice as to what to do about it. He offers some thoughts about what Americans should do to prepare themselves for future tyranny and impoverishment compliments of a government that has handed over control of our country to self-centered international banking interests.

Is the current bounce back in the equity markets signaling a V shaped recovery and return to prosperity in America? Or are we simply living in the eye of the hurricane? Your host and partners Roger Wiegand and Chen Lin will explain why the worst is yet to come but they will also explain what you can do to best protect yourself against the impending carnage. Roger Wiegand will focus on the commodities futures and options markets. Chen Lin will talk about some special situation stocks he likes a lot and your host will talk about why he is so bullish on gold shares but not necessarily in the short term. Chen's Chinese connections and Roger's exposure to Detroit, the heart of this current American depression will be used as a spring board to discuss the current outlook for America and our markets. Listeners are invited to e-mail questions in advance of the show to:Questions4Taylor@gmail.com or call our toll free number 866-472-5790 during the show.

Lou Scatigna is know as The Financial Physician. In good times or bad, he has the perfect prescription for everyone's financial future. In large part that's because he understands the cause of our national malaise. These times certainly aren't good! The economy is in free fall, and people everywhere are struggling to survive. Unemployment is at record peaks, business closures are epidemic, and foreclosures have gone through the roof. Lives are being shattered and millions of people are scared to death. They don't know what to do or where to turn. Lou's new book, The Financial Physician examines the 25 most common causes of financial problems. By making analogies to physical health, Lou explains, why each problem occurs, and gives readers practical, well-tested, no-nonsense advice. We will explore some of Lou's treatments for the financial ills of our day and what you can do to avoid and cure money illnesses and enjoy vigorous financial health. Can you afford to miss Lou?

Every week we are bombarded by economic statistics, most of which are derived from the U.S. government or its bed partner, the Federal Reserve Bank. When the numbers are good, Wall Street rallies and the rich get richer. When they are not so good, they are smoothed out over a period of time. When the numbers are too horrible to publish, new methods using highly theoretical assumptions are applied until a politically desirable outcome is derived so that the party in power can take credit for “good times.” The Federal Reserve Bank stopped reporting M-3, the broad based money supply as it started to surge straight toward the sky. Why did they do so when the supply of money is key to understanding inflation risks? How does the government pull the wool over our eyes regarding the real unemployment rate and the real inflation rates? John will explain and help you understand the truth about our economy and our markets and thus enhance your chances for successful investing.