Turning Hard Times Into Good Times

Dr. Mark Thornton, an Austrian economist with the Mises Institute, visits for the first time. John Williams and Daniel McAdams return. Williams has issued his latest annual warning of hyperinflation. He thinks that starting this year, the money printing virus inflicted on us by policy makers will manifest itself through an inflation problem much worse than that of the 1970s. From his Austrian economic perspective, how does Dr. Thornton think the massive printing press virus will be resolved? With our money being debt based since 1971, could deflation thinkers like Robert Prechter be right in predicting a sub 1000 Dow, consumer price deflation and a “strong” dollar? Daniel McAdams will join us to talk about the latest war mongering Neocon efforts to parasitically enrich themselves through the ravages of war financed, of course, by money printing. Time permitting, your host will share his views on the markets and discuss how his newsletter model portfolio is performing thus far in 2014.