An Honest Look at the U.S. Economy & Gold BY JAY TAYLOR
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 âlords.â 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 chargeâby âeducationâ 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 topâthe folks these elitists really and truly are protectingâparasitically 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 âfirst principle,â 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 itâs true or itâs not. If itâs 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: âWe have nothing to fear but fear itself.â 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 âprintingâ 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 âbrillianceâ 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.
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 newsletterâs 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 professorâs 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.
Jayâs 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.