Novo Resources Corp T.NVO

COOL REMARKS ON JAY TAYLOR SHOW

[ronreagan]

Jay Taylor sure is a smart fellow. I just listened to the first part of his show from yesterday, February 9, 2021 (see below link), and I have to say the first few minutes, before he even got to Novo Resources, stopped me cold. Got big-eyed, like a deer in headlights. He described the U.S. financial situation in a way that I had never considered. He said (and I'm paraphrasing):

In today's polticial environment, our government believe it or not seeks to restrict our First and Second Amendment rights ..... in the social arena. Well, our government has been doing the exact same thing in the financial arena, restricting the Free Speech of the MONETARY MARKETS, by not allowing them to speak for themselves in their quest to allocate capital in the most efficient way. Instead, the The Federal Reserve (read government), with its lax monetary policies and its desire to achieve equality of outcome as opposed to equality of opportunity [the latter are my words], has allowed misallocation of capital to businesses [and individuals] that do not deserve it and have no business having it, which will result in grave consequences to our economy (as Austrian economists have warned for many years). People spend more and save less, causing a huge imbalance. This lasts as long as the exporter countries invest in U.S. treasuries. Those days are drawing to a close [ME: Those countries continue to load up on precious metals and now also digital currencies, as opposed to US Treasuries which are losers these days]. The NATURAL SOLUTION would be to allow interest rates to increase to equilibrium, thereby correcting the imbalance of spending and savings. But, at this point it's too late, as that would cause inflation and a depression worse than the 1930s - and would also expose the deficit and the collapse of the U.S. dollar. The Federal Reserve is therefore in a real jackpot - and its only choice is to hyper-inflate the dollar [by injecting MORE into the system]. Some titans of U.S. industry are now loading up on bitcoin, gold, and silver [cf. just yesterday, Tesla publicly announced its change in investment policy to include Bitcoin, gold, and silver (and their derivatives)]. That's good for those investments, but does not bode well for the U.S. economy.

https://www.voiceamerica.com/episode/128455/extraordinary-popular-delusions-and-the-madness-of-crowds

MY CONCLUSION: The Federal Reserve has and is screwing everything up for us. We would have been better off living in a Free Market monetary environment all along, feeling a little pain along the way every now and then, as opposed to the excruciating pain that is no doubt coming our way. 

[likeike]

I think you should listen to Druckenmiller to get yourself more up to speed instead of looking at the horse that has already left the barn. IKE https://youtu.be/rgtkq5vS5OE