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Propaganda Artists and Fiat Money! All This Is Bullish for Gold BY JAY TAYLOR

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Propaganda Artists and Fiat Money!  All This Is Bullish for Gold BY JAY TAYLOR

china-gold1 

While the propaganda artists in America try to get you to keep your money in the bank where they can take part of it from time to time “for your own good,” Chinese people are not so trusting of their governments. The chart below should be seen as a barometer for trouble brewing in the international markets. Look at the enormous amount of gold that is being purchased in China compared to the amount of gold that is being produced from the mines. The amount of physical gold being taken off the markets, especially as the yellow metal declines, is a statement of “no confidence” in the existing established monetary order. The Chinese know, as most humans do who have not been deprogrammed to think otherwise, that gold is the eternal store of value and that politicians use fiat money as a means of theft. The Chinese know that. Americans are about to learn that very soon!

graph 1 - jt

Meanwhile, the Indian government, for fear it will lose control of its ability to use fiat money to rob its populace, is apparently trying to shut down gold buying in India: “India’s Reliance Capital Suspends Gold Sales” http://t.co/RF278yEzVY.

Pinocchio’s nose is getting longer and longer. The day is coming when people around the world will recognize the big lie and honest money. For now, what we all need to do is vote with our feet and to the extent possible opt out of the system by putting cash under the mattress or in some safe place, and of course with the cash you don’t need for transactional purposes, exchange it for real money, namely, gold and silver, which cannot be printed out of existence as Mr. Bernanke is now doing with the dollar. 

So what is the downside for gold and gold shares? Charles Nenner’s downside target has been met but he is not quite yet ready to go long on gold. It could be that we meander around these levels for a bit longer. But whether you are talking about gold or gold shares, a look at the gold share chart above suggests to me the downside is very, very minimal. At the same time, the upside potential for the shares and bullion, given all the problems in the global economy is absolutely enormous. The risk/reward for gold and gold shares, compared to stock, has not been this favorable for quite a few years.

 

Jay Taylor
www.jaytaylormedia.com
www.miningstocks.com

Jay Taylor Host of Turning Hard Times Into Good Times   Jay Taylor is the host of Turning Hard Times Into Good Times on the VoiceAmerica Business Channel.  The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day.  Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years.  Jay’s insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. 

 

A Gradual Recovery or a Spike Back Up? BY JAY TAYLOR

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A Gradual Recovery or a Spike Back Up? BY JAY TAYLOR

gold-brick
Normally, one would expect a period of healthy consolidation before gold regains its lost luster since $1,900. But these are anything but normal times. There is little doubt in my mind, in part based on what Alasdair MacLeod from Goldmoney has written and based on many years of documentation by GATA, that the gold markets are manipulated by a handful of powerful bullion banks that not only have endless amounts of paper money on their side to sell these markets short,  but they also get taxpayers to bail them out when they screw up and lose money. And as recently observed, these criminals are “too big to jail.” Powerful interests on the part of these Wall Street thieves want to continue to con the majority of the world’s population into buying their con story that a dollar backed by nothing is better than a dollar backed by gold. It is a game that will ultimately end in tears, even for the perpetrators of this crime against the American people. But I remain agnostic with respect to whether or not we will see a sudden snap back as the world begins to understand the fraud of our policymakers and banksters. The establishment will continue to hang on to their scheme of legalized theft as long as they can, which means they will try to talk down or manipulate the price of gold and take it out of the hearts and minds of as many people as possible, for as long as possible. But ultimately, as the Soviet Union proved, markets will prevail. For now, I leave it to the brilliance of others, such as a quant like Charles Nenner who says we are very close to a bottom in gold and James Sinclair who thinks gold is heading to several thousands of dollars per ounce.

 

Jay Taylor

jaytaylormedia.com

Host of Turning Hard Times Into Good Times  

 

Jay Taylor is the host of Turning Hard Times Into Good Times on the VoiceAmerica Business Channel  and has been able to more than double his newsletter’s model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value!  The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day.  Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years.  Jay’s insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. Diagnose a problem incorrectly as the establishment does and you are surail.

Wall Street Parties While the Economy Burns BY JAY TAYLOR

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The Federal Reserve continues to succeed in its unstated goals of bailing out its shareholder banks and pick the pockets of average Americans. Asset prices are breaking out above the pennant formation in my IDW as noted above.  But the Fed is engaging in a systemic theft that is serving its shareholders by removing wealth from average Americans to provide cheap funding for the banks. As David Stockman pointed out, by keeping interest rates at zero compared to more normal market rates, the Fed is reallocating upwards to $500 billion per year from the pockets of average Americans to the banks by reducing bank funding costs. Of course, for now, the opposite is true for gold and gold mining shares. But there is no doubt in my mind that much of the downturn in gold and silver is orchestrated by the Fed. I would encourage you to read an article from King World News that quotes famous trader Dan Norcini (see below). Because so much of our markets are based on “animal spirits” and not reality, the markets can swing by billions of dollars in minutes by a few key words from Chairman Bernanke. The power of this man to move wealth from one group of people to another would impress all of the most powerful dictators in history. Meanwhile, reports I am hearing even from the mainstream is that record amounts of gold are being purchased by China and India and that physical demand for coins remains extremely strong. There is by all reports a huge disconnect between the paper markets and the physical markets. But as Ted Butler said on my radio show, the turn in gold and especially silver looks like it is very near. Ted makes that statement on the basis that the bullion banks have the smallest short position he has seen in a long time. When the major bullion banks headed by J.P. Morgan take a large short position in gold and silver, the price of gold and silver decline big time. When they have small short positions, that is almost always a very bullish sign. Ted’s view of the markets is in sync with Charles Nenner who is still calling for a bottom and a bull run for both gold and silver by mid to end of June. So we should be only a couple weeks away from happier days.  

 

Jay Taylor

jaytaylormedia.com

Host of Turning Hard Times Into Good Times  

 

Jay Taylor is the host of Turning Hard Times Into Good Times on the VoiceAmerica Business Channel  and has been able to more than double his newsletter’s model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value!  The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day.  Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years.  Jay’s insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. Diagnose a problem incorrectly as the establishment does and you are surail. 

 

 

An Honest Look at the U.S. Economy & Gold BY JAY TAYLOR

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An Honest Look at the U.S. Economy & Gold BY JAY TAYLOR

uncle sam, jay taylor, voiceamerica

Since our Western secular society now assumes there is no God, the logical conclusion then is that we need to place our trust in the smartest humans on the face of the earth who we will honor by handing them wealth and power over us. The elites become our “lords.”  In other words, we Americans are back to where we were prior to 1776!

This move away from the monotheistic roots of Western civilization is, I believe, very much at the heart of the decline of Western civilization and why we in the U.S. and   the Western world as a whole are moving rapidly toward dictatorship. The move away from our Judeo-Christian roots has been accomplished the way the Fabian Socialists have   always wanted to move us toward an elitist dictatorship with themselves in charge—by “education” rather than through the barrel of a gun. In fact the Fabians, which were begun by British elitists Sidney and Beatrice Webb and George Bernard Shaw in Surrey, England, formed this organization with the intent of creating global socialism. John Maynard Keynes pictured on your left was a Fabian Socialist and of course the person pictured next to him is President Franklin D. Roosevelt whose socialist philosophy in the 1930s started America on the road to serfdom that is now starting to become much more intense as the 1% at the top—the folks these elitists really and truly are protecting—parasitically remove wealth from those who earn it to themselves in the banking system and government. (For an excellent introduction to the Fabian Socialists I strongly suggest you read The Creature from Jekyll Island, by Edward Griffin.)

The move toward placing our trust in a group of self-proclaimed elite humans with fancy degrees from fancy universities behind their names was enabled to a very great extent by Darwinian evolutionists. If we simply evolve instead of being created, then there is no purpose to our lives other than to serve the State and depend on the State, like indentured servants. This concept as to whether we have been created by a Creator or simply evolved by accident is, in my view, such an extraordinarily important “first principle,” that I have had mainstream scientists like former MIT Professor and nuclear physicist Dr. Gerald L. Schroeder and astronomer Dr. Hugh Ross on my radio show to talk from a solid scientific viewpoint about creationism. Either it’s true or it’s not. If it’s not true, then we can only place our hope in dictators. The ruling elite (Fabians and others) want you to discount the notion of a Creator so you hand over power to them.

The anti-creation propaganda is just one example of propaganda established by a ruling elite, albeit a most important foundational belief system. On a more ongoing basis, the biggest lies being told are in the area of economics, starting with that suggested by President Roosevelt: “We have nothing to fear but fear itself.” What absolute nonsense that was! In the 1930s as now, people had good legitimate reasons to have fear, most significant of which was the poverty during the Great Depression. But along with this notion that fear is our enemy and not circumstances around us came another horrible lie from John Maynard Keynes that all we had to do was keep the animal spirits alive in the human being and that could be achieved by having government go into debt to stimulate the economy. But to keep the animal spirits alive, the news flow would have to be managed so as to manipulate people into having faith in their government masters.

Following the Lehman Brothers decline in 2008-09 the Fed began “printing” money at a pace never before seen in the history of humankind. That massive creation of fraudulent money is illustrated by the chart of the St. Louis Adjusted Monetary Base shown below.

In an effort to show the “brilliance” of our masters at the Fed, we have been assured that this policy is working, by a series of economic statistics such as: (1) new highs for Headline Real GDP Growth, (2) new highs for Real Retail Sales, (3) a well contained less-than-2% CPI; (4) a back-to-normal stress test showing banks are again in great shape, and (5) an unemployment rate that is still high but in decline.

But given consumer confidence numbers, we have to conclude that most Americans are not buying the propaganda given to them by their government. Why not?

I believe the reason they are not buying developing the animal spirits that Keynes suggested would follow excessive debt spending by government, funded by printing press money, is that the vast majority of Americans and Europeans too are hurting very badly from a financial point of view.

 

Jay Taylor

jaytaylormedia.com

Host of Turning Hard Times Into Good Times

 

Jay Taylor is the host of Turning Hard Times Into Good Times on the VoiceAmerica Business Channel  and has been able to more than double his newsletter’s model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value! 
The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day. 

Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years. 

Jay’s insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. 

 

 

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