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CBC’s Amanda Lang and Cato Institute’s Chris Edwards to Appear on Voice America’s Engage with Andy Busch

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CBC’s Amanda Lang and Cato Institute’s Chris Edwards to Appear on Voice America’s Engage with Andy Busch


This week on Engage, we turn to our neighbor to the north to learn what is happening with their economy and politics. Moreover of the United States, we try to answer the question: what can we learn from Canada? We have Amanda Lang, host of CBC’s Lang and O’Leary to discuss politics. Next, we have on Jennifer Lee, senior economist for BMO, to discuss the outlook for the Canadian economy. Finally, we have Chris Edwards from the Cato Institute to discuss what Canada did in the 1990s to fix their debt and deficit. Can the US do the same? The episode “Canada: what’s new and what we can learn for the US“ is live on the VoiceAmerica Business Channel on Friday at 3PM ET

About Andy Busch

Andrew B. Busch is the editor of the global market and public policy newsletter, “The Busch Update” at www.andrewbusch.com. He is a regular on CNBC’s Talking Numbers, which appears every day on Street Signs and Yahoo Finance. His research can be found on his website, www.andrewbusch.com , as well as CNBC and Yahoo. He was a panelist on CNBC’s Money in Motion from 2012-14. He was the host of “Politics and Money” on First Business from 2000-03.

For 22 years, he was with BMO Capital Markets and has written the Busch Update for the last 13 years. He was named BMO’s Global Currency and Public Policy Strategist in 2007. Based in Chicago, he is a recognized expert on the world financial markets and how these markets are impacted by political events. He provides clients with analysis on public policy issues for China, Europe and the United States.

On a regular basis, Andy consults with staff from Congress and D.C. think tanks on economic, financial market and tax issues. In 2011, Andy was asked to testify in front of Congress on the effectiveness of the 2009 Stimulus package. From 2004 to 2008, he was an outside advisor to the US Treasury Department and White House on the economy and financial markets. Andy had a similar role for the 2008 McCain campaign. He has met and advised the last three US Secretaries of the Treasury including John Snow, Hank Paulson and Tim Geithner. Andy is also a political consultant on campaign strategy for the 2014 US Congressional Mid-Term elections.

Engage with Andy Busch will help you to explore and understand the top political and business stories with the brightest minds in the United States and the world. Most importantly, Andy will tell you how it impacts your life. With a sharp sense of humor and over thirty years in the markets, Andy speaks with top guests on an equal footing via his own experiences in politics and money, and shares his own successes and failures so you can learn from his experiences. Life’s complicated, let Andy help you figure it out.

Engage with Andy Busch airs live on Friday’s at Noon PM Pacific, 2 PM Central, and 3 PM Eastern on VoiceAmerica. To access the show live, log on at voiceamericabusiness.com. You can also get the podcast on iTunes by typing in “Engage with Andy Busch.” The show will appear on Andy’s website, www.andrewbusch.com.

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


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. 



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