Alasdair Macleod and Dr. Quinton Hennigh return as guest on this week’s program.
Alasdair wrote the following in his July 21 weekly missive: “We are now seeing the initial stages of a currency, credit, and banking crisis develop. Driving it are an inflation of prices, contraction of bank credit and a pathological fear of recession. One can imagine that the major central banks almost wish a mild recession upon us so that they can keep interest rates suppressed and bond yields low. “The key to understanding the course of events is that the cycle of bank credit is turning down, and this time the factors driving contraction are greater than anything we have experienced since the 1930s, and possibly in all modern monetary history. “This article joins the dots between inflation and recession and puts the relationship between money (that is only gold), currencies, credit, and commodity prices into their proper perspective.” Alasdair paints a picture of the economic landscape that he envisions and provides advice as to how to navigate the troubled waters ahead.
Dr. Hennigh updates us on the amazing exploration results on Eskay Mining’s project that is increasingly starting to mirror the likes of Canada’s richest precious metals mine ever, Eskay Creek, located just to the north of Eskay Mining’s enormous land position.
