Turning Hard Times Into Good Times

David McAlvany, Chen Lin and Michael Oliver are this week’s guests. Poor souls who become addicted to drugs or alcohol most often find the immediate pain of withdrawal far too great to discontinue their pathological behavior. To avoid pain they continue behavior that invites near-term death. Likewise central bankers continue their easy money addiction suppressing interest rates to zero and below, ensuring that death of capitalism and poverty are sure to follow. The recent interest rate pivot by Powell’s Fed in response to a plunging stock market at the end of 2018 shows the Fed has no courage to allow interest rates to rise to restore price discovery of capital. Given the almost certainty of zero and negative interest rates in the future, how can we best respond for wealth protection? We will seek answers to that question from all three of our guests this week. Chen will offer some of his top picks and Michael will update us on his latest view for gold.