Turning Hard Times Into Good Times

Lyn Alden, Michael Oliver and Peter Ball return. Legendary stock guru Richard Russell used to say that stockbrokers became wealthy because they didn’t buy their own B.S. Washington and Wall Street are known for spinning tall tales of Nirvana. Not surprisingly, the C.B.O now says there will be a V-shaped recovery with minimal further stimulus and that federal debt as a percentage of GDP will quickly level off and remain leveled through the 2020's. How realistic is that? We will ask both Lyn Alden and Michael Oliver, neither of which ever don rose-colored glasses, about our chances for exiting the current perfect economic and geopolitical storm to enjoy economic Nirvana. Peter Ball will join us to provide an update on the latest exploration developments for NV Gold in Nevada.

Alasdair Macleod and Daniel McAdams return. The lies of John Maynard Keynes are obvious for anyone with the willingness to use their eyes to see. But as Alasdair will explain, cognitive dissonance causes most economists to explain away the obvious truth that lower interest rates do not stimulate economic growth and higher prices. Instead, lower rates only serve to redistribute wealth to the top 1/10 of 1%. The massive redistribution of income is no doubt a part of violent uprisings in major U.S. cities and now appears to be a color revolution sponsored by elements within the CIA to remove Trump from office if he isn’t defeated in November. Daniel McAdams who is quite familiar with the color revolutions in the Ukraine, Libya and elsewhere will share his views and those of Dr. Ron Paul who he works with at the Ron Paul Institute. Your host plans to share some of his favorite gold share ideas as well.

Dmitry Orlov, Michael Oliver & Quinton Hennigh return. In 2014 Dmitry discussed the five stages of collapse in the USSR and how the U.S. was following a similar path toward destruction. In 2019 Orlov opined that the last nail in the U.S. coffin would be a humiliating military defeat that would take the dollar and the U.S. down. Does Dmitry’s move back to his native Russia suggest he thinks the timing of America’s collapse is close at hand? Michael’s latest work suggests the dollar is heading significantly lower in the months to come, meaning that the dollar price for gold is heading much higher. With gold approaching $2,000 the timing couldn’t be better for Novo Resources as it plans to start gold production during Q1-2021 at its Beatons Creek project. Quinton will explain how that will be the first of three massive conglomerate gold mines Novo plans to build throughout western Australia.

Bob Moriarty and Corwin Coe return. Is a V-shaped economic recovery realistic? Absent a sugar-coated version of reality there is no denying the global economy is in an economic depression. And that's before the banking sector is destined to collapse as Alasdair Macleod explained in last week’s show. Former Finland central banker Pentti Pikkarainen predicts a fallen global financial system will be revived with a new currency regime that will require gold to be a part of it. Just how sick is our global economic system now and how might gold play a role in restoring global economic health as well as your own personal financial health? Bob will opine on those questions and also talk about a book he is writing about Novo Resources, a sponsor to this show, that is evolving into what seems destined to become a household name in the mining sector. Corwin will provide an update on not one but three of Sitka Gold Corp's exciting gold exploration projects that investors won’t want to miss.

Alasdair Macleod, Michael Oliver and Michael Hudson return. Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on COVID-19 is unexpected. On March 23rd markets stopped worrying about deflation and realized that monetary inflation is the certain outlook. That day, the Fed promised unlimited monetary stimulus for both consumers and businesses, and the dollar began to fall. Commercial banks everywhere are massively leveraged and their exposure to bad debts and a cyclical banking crisis is now certain to wipe many of them out. Alasdair will talk about the impact on gold from a collapse of global systemically important banks (G-SIBs) and how Central Banks are preparing for a monetary reset that is not friendly to lovers of liberty. M. Hudson will update us about Hannan Metal's progress on its major copper-silver discovery in Peru and M. Oliver will share his latest insights on key markets.

John Rubino and Dr. Quinton Hennigh return. Democratic-party-backed groups like Black Lives Matter and Antifa violently install chaos in major Democrat run cities in an attempt to overthrow the U.S. Constitution. As iconic stores like New York City's Fifth Avenue lie in waste, boarded up, and as the rich flee to save their lives and wealth from certain confiscation, what will remain of America’s cities? More to the point, as countless trillions of dollars are printed by the Fed in this Fourth Turning, what will be left of the dollar and by extension the entire American landscape? We will seek John’s views on these topics and what that will mean for key markets. Gold of course retains its value against debased currencies. But will a Democrat victory in November and an emerging Marxist government allow us to keep any of the wealth we have been blessed to receive? In the hope private property will still be allowed, we look forward to Quinton's latest update on Irving Resources.

Michael Oliver, Jeff Deist & Jim Greig return. “The Fourth Turning” by Strauss and Howe predicts America is facing a tidal wave of change during which values held dear since World War II will be overturned. No one individual or elite class of people can stop sociological, economic, spiritual and moral forces. Marxist groups supported by the Democratic Party and its mainstream media propaganda arm are already destroying safeguards of liberty like the 1st and 2nd Amendments. But no matter which party prevails in the November 2020 elections, a fourth turn in American history is underway and the liberties of the past are likely to erode. Michael will provide insights of interest to our listeners into the current markets and will provide his views on how to protect yourself against a tyrannical government. Jeff will discuss why governments hate gold and Jim will explain why Benchmark Metals' recent drill intersection that graded 3.05 g/t gold over 57.91 meters has excited the market.

Doug Noland and Dr. Quinton Hennigh return. The current global depression may appear to have been triggered by COVID-19 but the truth is the seeds of destruction for our prosperous free market, capitalist system were sewn years ago by detaching gold from money. That paved the way for the Keynesian lie that wealth can be created by a debt-based monetary system. History reveals that every country that tried to get rich by expanding credit has failed. And now the end game for the current dollar-based monetary system is nearing its end. Doug talks about the current dynamics of this current credit bubble and why there can be no turning back now because from now on its hyperinflate or face a deflationary depression. We will probe the limits of the current credit bubble with Doug. But there is good news from Dr. Hennigh who will provide ample reason to believe Lion One Metals may be on to a very large and rich high-grade, alkaline gold system in Fiji being explored by Lion One Metals.

Dan Oliver, Michael Oliver and Dr. Quinton Hennigh are this week’s guests. Alasdair Macleod has often made the comparison of America’s rapidly declining financial status with that of the French-originated South Sea Bubble. Similar to the U.S. stock market greed now, market greed in France ran unchecked until the system broke down. Then, for fear of his life, John Law the originator of the French get-rich-quick scheme had to sneak out of France disguised as a woman. But his partner Richard Cantillon, recognized the flaw in Law’s dishonest scheme and sold short at the top of the market. The South Sea Bubble is clearly a warning to Americans to exit the current financial markets that are being fueled by the same Kool-Aid-drinking mentality as that of the 1720 South Sea Bubble. Michael returns to update us on his latest view on gold and silver and Quinton will update us on some amazing developments with Novo Resources in Western Australia.

Alasdair Macleod returns and Peter Ball visits for the first time. Deflationist Mish Shedlock recently reiterated reasons why he expects falling prices during what is emerging as the most serious economic decline since the 1930s. Deflationary forces in a depression are well established but the case for rising price levels hinges on dollar vulnerability. Now the Fed needs to fund massive U.S. deficits from money created out of thin air. But unlike the 1930s, the U.S. gold-backing of dollars is a tiny fraction of the 1930's backing. Alasdair believes the dollar's days are numbered not only as the world’s reserve currency but even as a useful domestic currency. Alasdair will make the case for why Americans may be in for a rude awakening of a massively higher cost of living and the need like never before to own gold and silver for wealth preservation. Peter will introduce NV Gold, another exciting Quinton Hennigh’s related gold exploration company with projects in Nevada.

Bob Moriarty returns as a guest. Common Sense was a pamphlet written by Thomas Paine in 1775–1776 that fired up members of the original thirteen colonies in America to fight for independence from Great Britain. Paine marshaled moral and political arguments to encourage common people in the Colonies to fight for an egalitarian government. But the America of 2020 has fallen back into a tyranny of elites that have enslaved Americans once again with debt and massive government controls. Bob will comment on Common Sense 2.0 that has been written anonymously at a time when free speech is only permissible for Marxists groups like Black Lives Matter and Antifa. Common Sense 2.0 is a plea to Americans to throw off the yoke of all kinds of slavery including debt enslavement and government controls. It seeks to sift out the evil practices of our past while building on all that was good about the America of 1776. GET A FREE COPY OF COMMON SENSE 2.0 FROM AMAZON.COM UNTIL JULY 18.

Jeff Deist, Michael Oliver & Chris Taylor return. Elon Musk now sees the light. He once observed that “If you don’t make stuff, there’s no stuff.” He now understands that the COVID-19 economic crisis is largely state-created and if government persists in keeping us imprisoned in our homes, it is imposing a slow but sure death sentence on America. Jeff will discuss how growing totalitarianism funded by dishonest money has placed America on the path to financial, moral and spiritual ruin. He will discuss what is required to restore America to prosperity as well as what you can do to protect your loved ones. By understanding the nature of government-imposed carnage, we have partly protected ourselves by owning gold and gold shares. Chris will update us on the amazing progress Great Bear is making in outlining its high grade, world-class Dixie gold deposit in Canada. Michael will guide us toward markets we should buy and away from those we should sell.

Alasdair Macleod, Michael Hudson and Michael Oliver return. Alasdair argues that a dollar collapse is likely to occur by the end of 2020 taking all the synchronized western economies and their currencies down with it. With a dollar collapse China’s interest will shift from supporting dollar strength to owning the world's reserve currency. But that will require China to back the renminbi with gold. It can easily do so given the vast supplies it has accumulated over the past several decades. With a dollar decline not only gold but copper and silver will also gain value so that the massive copper-silver deposit in Peru being explored by M. Hudson's Hannan Metals may become extremely valuable. He will elaborate. M. Oliver will share his usual prescient insights on the debt, equity, gold and commodity markets.

Frank Holmes & Quinton Hennigh return. Frank has headed U.S. Global Funds including two ETFs: A gold fund named U.S. Global Go Gold & Precious Metals Miners (NYSE-GOAU). The other is an airline ETF (NYSE-JETS). With gold prices surging higher even as energy prices remain suppressed, gold mining company earnings are rising dramatically. At the same time, even with government subsidies, airline stocks are near their bottom. Now the U.S. is besieged not only by COVID-19 but also by a political virus of a Marxist variety. Marxism is being promoted by the most popular political party in America, Black Lives Matter. Frank will tell us what his prognosis is for both the gold miners and airlines, whether our existing government survives or if, God forbid, America becomes a communist dictatorship. Whatever the future holds, Quinton, an advisor to Irving Resources, will update us on the amazing high-grade gold exploration story unfolding for Irving Resources.

Bob Moriarty, Ivan Bebek and Michael Oliver return. The violence following the tragic death of George Floyd was blamed on racism. Black lives matter, but why then do numerous murders of black men occurring every week in Chicago go totally unnoticed? Bob posits the Fed's role in orchestrating ongoing massive wealth redistribution more severe than at any other time in America’s history is the leading energizer behind a powerful, well-organized effort to overthrow the current U.S. government from democracy toward a dictatorship and growing enslavement of the masses. Bob will offer investment choices he thinks can help you avoid poverty and enslavement. It might come down to choosing between buying shares of a bankrupt company like Hertz or an emerging gold producer like Novo Resources. Ivan will update us on Auryn's exploration progress in Canada and Peru, and Michael will offer his usual insights into the next turn in major markets of concern.

David McAlvany and Chris Taylor return. What are the underlying causes of the anger and destruction following the tragic death of George Floyd? Are there factors other than race? What can we do personally to build strong positive relationships with neighbors who have differing political views and in the process protect our communities against anarchy? We are seeing a V-shaped stock market but how long can that continue when the underlying economy is suffering a major recession? Do we face a danger of rising monetary velocity that leads to rising prices even as unemployment remains historically high? What impact might rising prices have on stocks, bonds, commodities and precious metals? Might Stephen Roach be right in predicting the dollar's decline? If so, what impact might that have on the markets? Those and other questions will be posed to David. Chris will update us on the unbelievable success Great Bear is having in outlining the discovery of its world class gold deposit.

John Rubino & Michael Oliver return. Jim Greig, President of Benchmark Metals, visits for the first time. When it rains, it pours. Even before COVID-19, tremors in the Repo markets were suggesting growing instability in the financial markets. Then COVID-19 hit us raising the prospects of a Greater Depression. If that were not enough, we suddenly have an attempted coup d'état against the current U.S. government with massive pillaging, death and mayhem in every U.S. city and the latest GDP estimate by the Fed is a NEGATIVE 52%! Will this condition last and if so how should investors respond? John will help us make some sense of this apparent detachment of stock values with economic reality. Michael will also help us ferret out answers to those questions as he reveals the hidden secrets revealed by his proprietary technical methodologies. We are really happy to welcome Jim to introduce the story of an emerging multi-million ounce gold discovery in British Colombia.

Alasdair Macleod & Corwin Coe return. Few understand the seriousness of the economic and monetary situation, whether a V-shaped rapid return to normality or a more prolonged recovery phase. A liquidity crisis that developed in the U.S. money markets five months before COVID-19 hit America has been forgotten. Only a rising gold price stands testament to a deeper crisis of contracting bank credit while central banks are trying to rescue the economy, fund government deficits, and keep the market bubble inflated. Next problem? A crisis in European banks, wholly unexpected by investors and depositors. Now, when lending risk is soaring, their financial condition is more fragile than before the Lehman crisis. Failures in the next few months are a near certainty, leading to a full-blown monetary and credit crisis which promises to undermine asset values, government funding, and fiat currencies themselves. Alasdair will explain. Corwin will update us on progress at Sitka's three gold projects.

Richard Maybury, Quinton Hennigh and Michael Oliver are this week’s guests. How much of a threat is COVID-19 to your health? How much of a threat is a massive economic depression to your health and well being? What is the geopolitical fallout with regard to rising tensions with China? What is the best way for each of us to respond to protect our families and those we love in the midst of an increasingly tyrannical U.S. government? Richard Maybury has some encouraging news to pass along as does Quinton whose Novo Resources has been performing well of late. What if anything besides a rising gold price accounts for Novo’s stronger stock price? Michael who recently noted that he thinks the next move higher for gold and silver will be dramatic and massive will update us on his views on the precious metals, currency, debt, and equity markets. From the point of view of the goldminers, there have seldom been better environments than we are experiencing now.

Axel Merk returns and Lyn Alden appears for the first time. When gold was removed from monetary system in 1971, it opened the door to legal monetary counterfeit by the Fed to big banks and their large Wall Street and government related economists. With each credit cycle decline, a new wave of wealth is transferred to the privileged few causing the cost of living to rise much faster than middle class salaries. With each credit cycle larger than the last and with what is now shaping up as a depression akin to the 1930s or worse, America's middle class is in danger of largely disappearing with countless trillions of new money being created again primarily for the elite. We will ask Lyn to help us understand the emergence of this impending American economic tragedy and we will ask Axel to provide his analysis of various markets and how average folks can best prepare for survival and hopefully prosper in the midst of this impending economic depression.