How Are Those Sanctions Working Out, Mr. Biden? |
|
Robert Moriarty and Chen Lin Return. Michael Spreadborough, the Executive Co-Chairman of Novo Resources visits for the first time.
On March 1, as Russia began invading the Ukraine, David Stockman said on this show, “Sanctioning Russia and taking away their ability to use the SWIFT system would be crazy as hell because it will hurt Americans as much as it hurts Russia!” While President Biden blames Putin for inflation, truth be told, thanks to his energy policies and COVID related supply chain shortages, inflation was rising rapidly even before the Ukraine war. But it wasn’t Russia’s invasion of the Ukraine that has caused energy prices to rise. Rather sanctions against Russia and disallowing the used of the SWIFT system for international trade in dollars and Euros that has dramatically cut the supply vital supplies to the west. Not only did those policies dramatically reduce supplies of oil and gas, thus leading to the highest consumer inflation in over 40 years, but they also forced Putin to tie the ruble to oil and gas and indirectly to gold. Since then, the ruble has been the strongest currency in the world! The post-1971 fiat Petro-dollar that enabled America to fund its empire through military force and subversive activities may be nearing an end because the laws of nature as they apply to debt/GDP ratios are driving America toward financial ruin while our adversaries run their economics in a much more responsible manner.
Robert will share his thoughts on the economics of the western world. Michael will update us on the future plans of Novo Resources and Chen will share his thoughts on the economics of Asia and perhaps a couple of his exciting biotech stocks. |
|
Robert Moriarty was born in New York in 1946. He began training as a military pilot in 1965 and became the youngest Naval Aviator during the Vietnam War in 1966. With two years in Vietnam and some 832 missions in combat, he left the Marine Corps in 1970. He worked in computers for a few years before beginning a 2nd career as a ferry pilot delivering small airplanes all over the world. He made over 240 ocean crossings mostly in single engine airplanes. He holds 14 international aviation records.
Bob and Barb Moriarty brought 321gold.com to the Internet in 2012. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. |
|
Michael Spreadborough is the Executive Co-Chairman of Novo with a mining engineer background and over 20 years’ experience in mining lead, zinc, uranium, copper, gold and iron ore. He has held roles across the scope of the industry from business and project development to operations and exploration. In recent times he has held the position of CEO of Metals X Limited, Managing Director & CEO of Nusantara Resources and Non-Executive Director of CleanTeQ Holdings. Mr Spreadborough has also held positions as the General Manager – Mining for WMC, Vice President – Mining for BHP Billiton at the world-class Olympic Dam Mine in South Australia and the General Manager – Coastal Operations for Rio Tinto, responsible for port operations and Pannawonica mine site. Previous to those roles he also held the positions of Chief Operating Officer for Inova Resources Ltd (formerly Ivanhoe Australia) and Sandfire Resources. Mr Spreadborough holds a Bachelor of Mining Engineering from the University of Queensland, an MBA from Deakin University, and a WA First Class Mine Manager’s Certificate of Competency. Additionally, he is a member of the AusIMM and also the Australian Institute of Company Directors. |
|
Chen Lin had been a doctoral candidate in aeronautical engineering at Princeton. However, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner to devote full time to private investing and writing a newsletter titled “What is Chen Buying? What is Chen Selling?” Chen's track record has been phenomenal! In one account we tracked, in which he used no leverage, he was able to grow $5,411 starting in 2002 to over $2.2 million by the end of 2012. You can visit his website at http://chenpicks.com |
|
Jay Taylor Taylor Hard Money Advisors, Inc 718-457-1426 |
|
|
|
|
|
|
