Turning Hard Times Into Good Times

John Rubino and Michael Oliver return. Since Nixon removed gold from the global monetary system in 1971, the U.S. has suffered chronic trade deficits that led to a loss of higher-paid manufacturing jobs in exchange for low-paying service jobs. Triffin's dilemma states that countries with reserve currency status must by definition run trade deficits and export higher paying jobs. Trump’s trade policies and stance on NATO suggest a reversal of trade deficits aimed at a return of higher paying jobs to America. Can those policies work? Will the Deep State that has enjoyed the benefits of a reserve currency allow it to happen? We will drill down on this and related topics in more detail with John and look forward to hearing Michael’s latest readings on stocks, bonds and precious metals. Your editor hopes to comment on some of his favorite gold exploration stocks at a time when the junior resource sector is near a bottom and the equity markets at a nine-year high.