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Jay Taylor



Articles by Jay Taylor

MIF Letter Writers Share Their Top Picks for 2021

6 days ago

Peter Ball, Brent Cook, Chen Lin, Eric Coffin and Gwen Preston return as guests on this week’s radio program.
The junior gold and silver exploration stocks have been on fire and with massive monetary inflation required for the U.S. to fund its surging deficits to the detriment of the dollar, 2021 figures to be another banner year for companies able to make significant discoveries of precious metals deposits in the ground. Peter’s NV Gold Corporation has several prospects in Nevada that look promising, details of which he will share. Brent, Eric and Gwen are especially adept at locating companies with favorable risk/reward exploration prospects.
Chen shares his expertise in the biotech sector as all four guests share their views for 2021. Brent, Eric and Gwen won the gold, silver and bronze

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Suppression of First Amendment Rights

8 days ago

It was another “Inflation on” week with my IDW reaching another new high. It rose from 173.87 last week to 175.65 as of today. No doubt inflationary pressures and increased equity prices have put some downward pressure on the T-Bond. With rising levels of price inflation, you might expect the gold and silver to rise but perhaps it was the “stronger” dollar that put downward pressure on the precious metals. The dollar rose on the index to 90.066, up from 89.94 last week. Or it might very well be policymakers with their own propaganda policies in play. As Chen reported, “someone” suddenly sold $2 billion worth in the market before the U.S. markets opened, leading to a sharp downward spike. Could it be that someone wants to send a message that with Trump now out of the way and the global

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The Fourth Estate’s Role in Thrusting America into Fascism

20 days ago

Charles Hugh Smith and Jim Greig return as guests on this week’s program.
Fascism is the system of government that cartelizes the private sector, centrally plans the economy to subsidize producers, exalts the police state as the source of order, denies fundamental rights and liberties to individuals, and makes the executive state the unlimited master of society. By that definition fascism is now rising rapidly in America. The “Fourth Estate” refers to the press and news media, both in explicit capacity of advocacy and implicit ability to frame political issues. It wields significant indirect social influence. At no time in American history has the press manipulated the outcome of a Presidential election more toward a party espousing economic fascism than in 2020.
Charles discusses that and

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A Brief Note About Mining Analyst Leanne Baker’s Passing

24 days ago

When I heard the news of Leanne Baker’s passing, I knew I had to express my sadness.  My work as an investment letter writer allowed me to meet this very special person only briefly on a few occasions. Except for people close to me, I have never felt such sadness as when I learned of Leanne’s passing.  I think I know why. She was one of the kindest and classiest persons I have met in her industry and in my brief encounters with her I always felt more at peace.   I’m sure she must have had that same impact on those who knew her far better than I.
Her gifts to those around her and those she served in her profession without a doubt made this world a better place.
Our sincere condolences go out to her family.
Jay Taylor

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Preparing for the Petrodollar’s Demise

27 days ago

Lyn Alden, Michael Oliver and Corwin Coe return as guest on this week’s program.
After President Nixon closed the gold window in 1971, the U.S. dollar retained its value despite massive expenditures undertaken to expand its empire. The dollar retained its value through diplomatic arrangements with Saudi Arabia to force nations around the world to pay for oil imports using U.S. dollars. To enforce the dollar system, the U.S. military was used in countries like Iraq and Libya.  Seemingly, the U.S. could issue an infinite amount of debt used to manufacture dollars.
Lyn explains why the petrodollar’s days are limited, what that will mean for Americans in general, and how investors should prepare to profit from this knowledge before the dollar’s imminent decline. Michael shares his thoughts on

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Bitcoin and The Dollar

29 days ago

I don’t want to call this a risk-off week even though stocks and bonds and precious metals rose and interest rates rose. I think it more appropriate to view the world a bit differently now because I think what we are starting to see is major concerns of the one market that is involved with nearly every trade in the U.S.—namely, the dollar. So, I’m starting to look at rising commodities, silver copper stocks, and yes, also rising interest rates as a “risk on” for the dollar. No market has illustrated this concern more than the rise in the price of Bitcoin from $10,494 on Sept. 22, 2020 to $22,860 as of Friday, Dec.18. That’s a 118% rise in three months!

In addition to Bitcoin, my IDW rose by 0.88% just this week. On an annualized basis that works out to a 54% rise. The changes in values in

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Inflation Roadmap

December 16, 2020

Alasdair Macleod, Michael Hudson and Chen Lin return this week on the program.
It is beginning to be obvious that global economic woes extend beyond COVID lockdowns and that monetary inflation for the dollar, as the common foundation for other fiat currencies, whose issuers face similar problems, will continue to accelerate. Fiat currencies have only survived this long due to increased financialization of the dollar and the US economy. Since the 1980s Wall Street has gradually dominated the US economy at the expense of Main Street. It has done so through monetary inflation, creating the conditions for the ultimate monetary collapse.
We asked Alasdair to help us explain how the dollar’s trip toward the dustbin of history is likely to proceed and what we should be looking for to tell us it’s

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Selling the Chinese a Rope They’ll Hang Us With

December 15, 2020

In 1955, Major George Racey Jordan quoted Lenin as saying “When it comes time to hang the capitalists, they will vie with each other for the rope contract.” Whether Lenin actually said that is open for debate but what isn’t open for debate is the truth of that statement. We are now witnessing exactly the act of very rich pro-globalist anti-Americans discarding all our freedoms that they used to become wealthy for the sake of becoming still richer and more powerful. Here are some examples as to how American capitalists are selling the Chinese communists a rope they are using to destroy what’s left of America’s free capitalist society:
Revelations that Hunter Biden and his family were receiving $10 million per year to arrange introductions of powerful Chinese government-controlled companies

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The Handwriting is On The Wall

December 14, 2020

Judging by these metrics, we had a slight “risk-off” emotion for the week ending 12/11/20. Stocks were down and safe havens were up, evidenced by a slight increase in gold and a 2.3% increase in the T-bond. I really think the markets are biding their time to see how the new government in the U.S. is going to shake out. My view is that if the Democrats win the Senate, the day for a hyperinflationary blowoff is likely to come sooner rather than later. It’s coming in any event, but with a Republican Senate, it will take a bit more time for the complete destruction of the America as we know it than if the Democrats take total control.
Either way, the handwriting seems to be on the wall, or on my IDW, if you will. The rise was a bit more subdued this week, thanks to declines in the S&P 500 and

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Coping with a New World Order

December 9, 2020

Richard Maybury, Michael Oliver and Marco Roque return as guests this week on the program.
The Fourth Turning of America began around 2008 when American intelligence services began spying on Americans rather than exclusively on foreign adversaries. To the deep state, the forces of democracy become problematic when they seek to question abuses of power by elite members of society. Donald Trump got in their way and thus the U.S. government spied on him and his administration from the very start of his Presidency. They employed means to remove him from draining their swamp. So, Americans are now in the process of losing the promise of life, liberty and the pursuit of happiness.
Given that America’s version of fascism appears to be gaining a foothold in the U.S. Rick shares his concerns and

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Reducing Investment Risk amidst Increasing Chaos

December 2, 2020

David McAlvany and Dr. Quinton Hennigh return as guests on this week’s radio program.
As we end the insanity of 2020, what might be in store for 2021? A growing number of proponents of Modern Monetary Theory (MMT) suggest that wealth can be created via central bank printing presses and computer key strokes. But a more primitive MMT policy was tried in John Law’s South Sea Bubble with disastrous results. With history firmly demonstrating that there are no free lunches, why do economists and politicians insist this time its different?  With COVID-19 accelerating growing levels of insolvency, what might be in store for stock, bond, commodity and precious metals markets in 2021 as massive numbers of bankruptcies appear on the horizon?
We asked David to opine and tell us how McAlvany Wealth

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Borrowing From The Future is a Recipe For Disaster

November 30, 2020

Despite gold and silver getting taken down by the usual bullion bank suspects, this was an inflationary risk-on day. In this discussion I point to the rising 10-Yr. Treasury yields directly below and my Inflation/Deflation Watch further down the page.
I will comment more on the rise in Treasury rates above, but first check out the charts. My IDW hit a new 15-year high this week with its close at 170.43. Michael Oliver has been pounding the table for the commodities for some time and now it’s starting to happen. Momentum and price on the Bloom­berg Commodity Index chart have clearly broken out. And fertilizer as typified by the Mosiac Company chart is having a powerful 

upward surge in its share price.  
All this is consistent with the Canadian and Australian dollars. Michael’s momentum

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Waiting for the Next Herbert Hoover

November 25, 2020

John Rubino, Quinton Hennigh and Michael Oliver return as featured guests on this week’s program.
Why would anyone want to be President when America is facing an economic depression the likes of which has not been seen since the 1930s? The root of our economic travail is far deeper than COVID-19 evidenced by the repo market distress as early as September 2019 and, despite President Trump’s claims, none of those underlying issues have been resolved. As 2021 unfolds, the economic landscape will be littered with massive corporate, city and individual bankruptcies. In dealing with those economic dead bodies, what policies can be expected from the next President and how will they impact our markets and liberties? We ask John to explain.
One industry that is doing well is the gold mining

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Why Inflation is on the Horizon

November 18, 2020

Lyn Alden and Marco Roque are guest this week on the program.
Lyn Alden who is a rising star financial market analyst will join us again to explain the nuts and bolts of inflation and deflation and why, in the current environment, price inflation may become a major concern for the markets. Will the outlook for inflation depend to any extent on which party controls the U.S. Senate and by extension the U.S. government? Is hyperinflation a possible threat particularly if the dollar loses its reserve status? How should we prepare for either a “mild” inflationary episode as opposed to the socially catastrophic hyperinflation?
AudioYou Tube
Those and other issues were explored with Lyn. Marco introduces the Cassiar Gold story.
Lyn Alden’s background lies in the intersection of engineering and

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All Is Hunky Dory Now

November 16, 2020

So now that Pfizer has given us a vaccine, the market thinks everything is hunky dory. I wish it were true but there is one little problem: America is financially destitute! How America’s day of reckoning will be resolved remains to be seen, but Lyn Alden on my radio show next Tuesday should have some answers on that. One thing I’m sure of is that it will be an inflationary outcome, at least if you define inflation as an increase in the money supply. I recall years ago walking in to a dinner event in Vancouver next to James Turk and he made a point that sealed the deal on the inflationary side for me. James said the only money that will gain purchasing power will be gold. As measured by an ounce of gold everything will decrease in value. The opposite will inevitably be true for the dollar

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America’s Economy Under Tyranny?

November 11, 2020

Jeff Deist, Peter Ball and Michael Oliver return. Jeff’s former boss, Ron Paul, frequently stated that if America remains free, we will be prosperous. COVID-19 has been used as an excuse to remove our God-given rights to assemble, worship, and speak freely, not to mention being forced to wear masks, close businesses and stay locked inside our homes. Strong scientific evidence arguing against existing tyrannical mandates is censored by biased leftwing social media monopolies akin to censorship common in the Soviet Union during the Cold War. What impact will these losses of freedom have on America’s moral, spiritual, and economic wellbeing? Those questions are posed to Jeff and to Michael, who also provide an update on his latest key market predictions. Peter updates two exciting gold

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Preparing for a Monetary Reset – Podcast

November 4, 2020

In my radio show of yesterday, I expressed some of my thoughts about our elections as well as interviewed Dr. Quinton Hennigh and Alasdair Macleod.
After engaging in the noble deed of saving the world from fascism in World War II, the U.S. has since then forgotten its values of “liberty and justice for all.” Instead it has binged on debt to the point where the dollar’s reserve currency status is in danger and both the U.S. dollar and the Euro are on their deathbeds. We will ask Alasdair to explain why the destruction of the dollar and the euro are inevitable and how he thinks we, common citizens, might best prepare for a New World Order and a new global monetary system. Kings and rulers have commonly robbed their citizens by debasing their currencies. But one monetary asset that always

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Preparing for a Monetary Reset

November 4, 2020

Alasdair Macleod and Dr. Quinton Hennigh return this week on the radio show.
Since engaging in the noble deed of saving the world from fascism in World War II, the U.S. has since then forgotten its values of “liberty and justice for all.” Instead it has binged on debt to the point where the dollar’s reserve currency status is in danger and both the U.S. dollar and the Euro are on their deathbeds.
We ask Alasdair to explain why the destruction of the dollar and the euro are inevitable and how he thinks we, common citizens, might best prepare for a New World Order and a new global monetary system. Kings and rulers have commonly robbed their citizens by debasing their currencies. But one monetary asset that always holds value is gold.
Quinton’s Novo Resources is now moving rapidly toward

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Focused on Politics

November 2, 2020

If last week was nondescript in terms of on risk or off risk, this past week definitely was not. All categories were down hard, even the safe havens of gold and T-Bonds. I believe the reaction this week is in response to Nancy Pelosi removing the fiscal respirator from a dying American economic patient. Without another $2 trillion of “stimulus” being created, prospects for massive mortgage and rent defaults not to mention families going hungry became much more of a reality.
The chart below on your left shows the employment/population ratio in the U.S. revealing the dramatic COVID-19 lockdown impact followed by a massive multi-trillion- dollar fiscal stimulus that kept the lights on for millions of Americans, and it accounted for the sharp rebound. But we remain at a five-year low. With an

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The America of 1776 Is All but Gone!

October 16, 2020

For quite a few years I have backed away from discussing politics in this letter because I wanted to stay focused on my main intent, which is to help subscribers’ profit from information I strive to provide. But alas it’s impossible to completely divorce politics and government policies from economics and markets. As Ron Paul has often stated, if we are a free country, we will become a prosperous country. Unfortunately, the freedoms and liberty willed to Americans by our Founding Fathers are now all but gone.
Unless you watch Fox News or Fox Business or OAN, you are probably are not aware that President Obama himself was involved in an attempted coup d’état to remove the duly elected President Trump. A coup d’état is an illegal, unconstitutional seizure of power by a political faction,

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The Gold Bull Market? Are We Nearing the End?

October 14, 2020

Rick Rule, Dr. Quinton Hennigh and Michael Oliver return as guests on the radio program.
Bernard Baruch was successful because he bought stocks that no one wanted and sold to panic buyers. Rick is known to follow that strategy. He is known buy value when no one recognizes it and then sells later to a stampeding mob of buyers. Rick has an uncanny means of knowing when the party is approaching its end. So, with gold having had quite a run this year, does he see an end in sight for gold and other natural resource markets? Or is the party just getting started?
Before we talk to Rick, we asked Michael for his latest thoughts on those same markets. Always in the hunt for the next monster gold deposit we asked Dr. Hennigh what the chances are of Eskay Mining discovering another Eskay-like deposit

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Economic Recovery Looking Shaky

October 12, 2020

Everything was up this past week except the T-Bonds. That looks like an inflationary risk on week to me.
With everything up and with rates rising, it must mean everything is A-OK in the economy, right? Well, not exactly. As Danielle DiMartino Booth wrote in her Daily Feather on October 9, the idea of an economic recovery is looking very shaky and rather than a positive growth in GDP during Q3 there is a very real possibility of a negative number this quarter given the hesitancy on the part of Nancy Pelosi to grant more handouts for the COVID-19 economically afflicted.  That would come on top of a negative 31+% GDP print for Q2. Danielle offered a host of bad economic statistics that show this is not a V shaped recovery if it’s a recovery at all. Independent economist John Williams, who

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Peter Krauth Says Gold Stocks Are Cheap, But Not For Long

October 8, 2020

You could say I am touting my own book as I have been a gold bull all my life, but I can’t disagree with Peter Krauth, a former portfolio adviser and a 20-year veteran of the resource market – with special expertise in energy, metals, and mining stocks.  I would suggest you read the following article published at Investing.com (https://www.investing.com/analysis/gold-stocks-are-cheap-but-not-for-long-200540131)
Gold Stocks Are Cheap, But Not For Long
It’s not too late for you to buy gold and gold stocks on the cheap.
If you haven’t already, you may want to seriously consider it.
That move might set you up for a run over the next few years that could turn into your single best investment–ever.
You see, gold stocks are churning out some serious profits that are likely to just keep getting

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COVID-19 and the Agendas to Come

October 7, 2020

James Perloff and Ian Klassen return this week on the radio program. 
Never has there been a greater suppression of liberties in America as this year. It is reminiscent of the Soviet Union when truth about starvation in the Ukraine was being suppressed by the New York Times which mainstream paper is now suppressing an honest scientific discussion among highly qualified medical scientists regarding COVID-19. Why has America, which has always been a beacon of hope in the search for scientific truth, been suddenly shut down by an American elite much to the peril of Americans? Is triggering an economic depression by locking Americans down less pathological than choosing a path of minimal market interference and letting herd immunity run its course as Sweden has successfully chosen?
Those and

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COVID-19 and the Agendas to Come

October 7, 2020

James Perloff and Ian Klassen return this week on the radio program. 
Never has there been a greater suppression of liberties in America as this year. It is reminiscent of the Soviet Union when truth about starvation in the Ukraine was being suppressed by the New York Times which mainstream paper is now suppressing an honest scientific discussion among highly qualified medical scientists regarding COVID-19. Why has America, which has always been a beacon of hope in the search for scientific truth, been suddenly shut down by an American elite much to the peril of Americans? Is triggering an economic depression by locking Americans down less pathological than choosing a path of minimal market interference and letting herd immunity run its course as Sweden has successfully chosen?
Those and

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A New Era of Fiscal Spending and Socialism

October 5, 2020

It’s hard to label the markets ether “risk on” or “risk off” this week. Stocks were up and Treasuries were down but silver and gold were up. The hydro-carbon-heavy Rogers Raw Materials Fund was down. But what strikes me is how sensitive the stock market is, not as to earnings or fundamentals that drive the markets but as to whether there will be more fiscal stimulus compliments of Nancy Pelosi.
That brings me to my discussion with Lyn Alden last Tuesday on my radio show. Lyn pointed out that the only thing policymakers can do now that we have had four major debt cycles since the 1930s is to use fiscal policy that will be funded with money printing and the debasement of the dollar. While I shudder to think of the harm that will do, there is nothing in the world that is more bullish for gold

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Rose-Colored Glasses or Reality?

September 30, 2020

Lyn Alden, Michael Oliver and Peter Ball return as guests on this week’s radio program.
Legendary stock guru Richard Russell used to say that stockbrokers became wealthy because they didn’t buy their own B.S.  Washington and Wall Street are known for spinning tall tales of Nirvana. Not surprisingly, the C.B.O now says there will be a V-shaped recovery with minimal further stimulus and that federal debt as a percentage of GDP will quickly level off and remain leveled through the 2020’s. How realistic is that?
We ask both Lyn Alden and Michael Oliver, neither of which ever don rose-colored glasses, about our chances for exiting the current perfect economic and geopolitical storm to enjoy economic Nirvana. Peter Ball join in to provide an update on the latest exploration developments for NV

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Prospects for the Dollar’s Collapse?

September 16, 2020

Dmitry Orlov, Quinton Hennigh and Michael Oliver return as guests on this week’s radio program.
In 2014 Dmitry discussed the five stages of collapse in the USSR and how the U.S. was following a similar path toward destruction. In 2019 Orlov opined that the last nail in the U.S. coffin would be a humiliating military defeat that would take the dollar and the U.S. down. Does Dmitry’s move back to his native Russia suggest he thinks the timing of America’s collapse is close at hand?
Michael’s latest work suggests the dollar is heading significantly lower in the months to come, meaning that the dollar price for gold is heading much higher. With gold approaching $2,000 the timing couldn’t be better for Novo Resources as it plans to start gold production during Q1-2021 at its Beatons Creek

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No Stimulus for Trump

September 14, 2020

This week was again a risk-off week with stocks and commodities down while gold and T-Bonds gained. And this week my IDW also ticked a bit lower.
While I have to a great extent joined the inflation crowd, there is no denying that the massive amount of debt in the system is profoundly deflationary in nature. And with Nancy Pelosi’s Democrats not wanting to do anything to make the life of Americans better until after Biden wins the election, they are not in the mood to help Donald Trump enact another spending bill to relieve the pain of millions of people unable to pay their rents.
I believe Lyn Alden is right when she tweeted out the chart on your left and concluded that “It would likely take far more deficit spending than has been spent, to cause notable inflation. The amount of debt in

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The Role of Gold in Surviving a Global Economic Abyss

September 9, 2020

Bob Moriarty,  Corwin Coe and Anthony Santelli are guests on the next radio program.
Is a V-shaped economic recovery realistic? Absent a sugar-coated version of reality there is no denying the global economy is in an economic depression. And that’s before the banking sector is destined to collapse as Alasdair Macleod explained in last week’s show. Former Finland central banker Pentti Pikkarainen predicts a fallen global financial system will be revived with a new currency regime that will require gold to be a part of it. Just how sick is our global economic system now and how might gold play a role in restoring global economic health as well as your own personal financial health?
Bob opines on those questions and also talk about a book he is writing about Novo Resources, a sponsor to this

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