Interest Rates amid Out of Control Spending

John Rubino and Corwin Coe return as guests on this week’s program.

As countless thousands of illegal immigrants swarm over the U.S. southern borders from all over the world, Democrats can’t wait to give them free stuff in exchange for votes. It’s as if money grows on trees. But it doesn't! Each dollar created has behind it not gold but a dollar of debt. The math doesn’t work because debt is growing much faster than income. Sooner or later, the system will either implode into deflationary depression or explode into a hyperinflation.

How much more of this debt-based money can be produced before we face a hyper inflationary end? That is a question we will pose to John Corwin, who heads up Sitka Gold Corp., will update us on not just on one but on three exciting gold exploration projects. Just recently Sitka reported drilling into favorable rocks in quest of the next Carlin-style gold deposit in Nevada. In your host’ view, this penny stock has loads of upside share price potential. Stay tuned!

John Rubino runs the popular financial website DollarCollapse.com. He is co-author, with GoldMoney’s James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications.

Corwin Cor has over 35 years’ experience in the mining industry working primarily in Arizona, Nevada and the Yukon. He has put two mines into production in the past and is credited with the discovery of a 2.0-million-ounce gold deposit.

Cor is a Professional Geologist, Mining Engineering Technologist and Gemologist, holding a Bachelor of Science degree in Earth Sciences from Simon Fraser University and a Diploma in Mining Engineering Technology from BCIT. He is a member of the Association of Professional Engineers and Geoscientists of B.C., the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists and the Association of Applied Science Technologists and Technicians of B.C. Cor has been a Director and/or Officer of several successful public mining companies and previously was a fully licensed Investment Advisor and branch manager of a national brokerage firm. Cor is currently focused on building shareholder value in Sitka Gold Corp.

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Jay Taylor

Taylor Hard Money Advisors, Inc

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