Ron Paul and Lewis Lehrman on Moving Forward to a New Gold Standard
June 5, 2012
Hosted by Jay Taylor
[Download MP3s: Hour 1: Ron Paul and Lewis Lehrman on Moving Forward to a New Gold Standard Hour 2: Ron Paul and Lewis Lehrman on Moving Forward to a New Gold Standard] [itunes] [Bookmark Episode]
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Episode Description
Ron Paul and Lewis Lehrman are back—together this time—to talk about a return to a gold standard. In 1982, both recommended a return to the gold standard. Since then our fiat money system has led us down a path of destruction. What would the world be like now if the US had followed Paul and Lehrman's advice at that time? More importantly, what will the world look like 10 or 15 years from now if policy continues to ignore that advice? If we are to return to a gold standard, how do we get there from here and how would it need to differ to achieve a gold standard for our time? Would silver work equally well? Should we go back to a bi-metal system? Can the U.S. lead the way to a new gold standard for the 21st century or will a global monetary breakdown and economic reality be required to wake Americans up to accomplish it? Michel Bouchard, President and CEO of Clifton Star will also join us to update us on that company's multi-million oz. gold deposit in Quebec.
Turning Hard Times into Good Times
Tuesday at 12 Noon Pacific Time on VoiceAmerica Business Channel
Jay Taylor’s show will explain the real underlying causes for plunging stock prices, plunging home prices and growing unemployment. By correctly diagnosing the cause of America’s economic decline, rather than listening to excuses from Wall Street and Washington, Jay will offer winning investment ideas to protect and increase wealth.
Topics to be discussed will include the cause of the decline of: our monetary system and our economy, the housing markets, the equity markets, and commodities, Why gold and silver are rising in value and how investors can profit from the direction of these markets through specific stocks, ETF’s and precious metals will also be discussed. Turning Hard Times into Good Times is broadcast live every Tuesday at 12 Noon Pacific Time on the VoiceAmerica Business Channel.
Jay Taylor
Jay Taylor 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 sure to fail.
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