Your Survival Guy

Preparing your investments and family for when disaster strikes.

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Richard Young Reports: The Great Money Explosion and Disasters

By

Dick Young

You and I know disasters happen. Just because they haven’t happened yet doesn’t mean they won’t. But disasters aren’t accidents. People do dangerous stuff—beginning with getting out of bed. It’s the start of your chaotic day.

The world is filled with Chaos. As my father-in-law Dick Young reminds me from time to time, “There’s no such thing as accidents.” I try to explain that to my teenaged kids, though they insist “accidents” happen all the time.

When it comes to your money, think about it like you’re hiking with a heavy backpack (I hope!) where you have decisions to make about which route to take. You can take the long way up (safer?), or tackle the face. Either way, there’s risk. You just need to remember, disasters happen all the time—we just think they won’t happen to us.

Dick Young wrote recently:

This is why last year I posted the warning below.

In my 1987 book The Financial Armadillo Strategy, I focused on my long-term fear of (1) inflation, (2) printing money to balance the books, and (3) the highly leveraged position of the US Banking system.

I offered a multi-layered platform for investing during the expected financial blow-off I feared was emerging. Featured planks in my portfolio platform were U.S. government securities, gold and silver (thanks Ron Paul, Dan Rosenthal, Jim Blanchard, the Messrs. Harry Browne & Schultz, and Dr. Franz Pick) Vanguard’s low-cost, no-load funds, Benham Capital Management Company, and the Swiss banking system.

Now, in 2020, I am writing more about gold and silver and the Swiss Way than ever. Here we are in August 2020, and 100% of my personal investing centers, for the month, on Switzerland. Back in March and April, I loaded up on large positions in gold and Swiss francs – the most I have ever purchased over a similar period.

In 2009, Ron Paul wrote in End the Fed:

“Ending the Fed need not be in one bold stroke. We could transition towards the goal. There are many small steps we could take toward sound money. The power of the Fed to increase the money supply could be curtailed. The Fed could be restricted in its open market operations. We could, by legislation, deny authority to the Fed to monetize any debt. We could prohibit the Fed from participating in central economic planning.”

Dr. Paul warned, “The future looks bleak. The power elites are hunkering down, and there is no sign in Washington that anyone cares, listens, or understands the issue of money and the power of the Fed. There’s a rumbling in the heartland and anger is building.”

Ron Paul concluded back in 2009: “Freedom and central banking are incompatible.”

To help conservative investors organize themselves around the principles outlined in The Financial Armadillo Strategy, in 1987 I founded investment counseling firm Richard C. Young & Co.

Twenty-five years ago, our son Matt took on the day-to-day management responsibilities. Our daughter Becky joined the company back in the mid-nineties. Becky is today our Chief Financial Officer. Our son-in-law E.J. Smith (Your Survival Guy) is managing director and head of client contact.

Every client of our family investment counsel firm has daily access to family members. And every client has access to me every business day of the year. I respond to all client inquiries through either Matt or E.J.

In 2019 CNBC ranked our team in the top 10 of all U.S. financial advisory firms.

Last year I suggested, a series of balanced debates is necessary between President Trump and Joe Biden. Were I the debates organizer, the first question I would ask Joe Biden is to explain the function of Fed open market operations and America’s need for a sound money policy. If those debates had taken place, I can’t imagine Biden would have been elected. His installation of Janet Yellen as his Treasury Secretary shows that he has little understanding of just how bad she did as Chairwoman of the Fed.

After having officially lost the election (Can you really believe 80 million people voted for Joe Biden, despite its statistical unlikelihood?), Donald Trump has decamped to Florida, and will now lead the GOP from there, for the time being. As perhaps his first official act as opposition leader, Trump will headline the CPAC annual conference. This could go one of two ways. If the version of Trump who showed up for the 2020 State of the Union gives the speech, the GOP will be propelled into a strong election cycle, with many victories to follow in 2022. If instead the rambling version of Trump who directed the late spring 2020 COVID-19 press conferences shows up, the party will require a retooling.

Whether Trump or some other patriotic American challenges Biden and the Democrats in 2024, the candidate must recognize the damage the Fed has done to the American economy. That candidate should put the administration on notice that the role of the Fed will be an issue at the 2024 debates, and make Biden publicly defend the Fed’s actions.

Anyone looking at the charts below can easily see how badly the Fed has mismanaged the economy.

Action Line: When it comes to investing, there’s not much separating you from finding the direction you and your family deserve. It’s basically just an email or a phone call away. Why not work with a guide who’s seen it all? How much is saving yourself from an accident worth? More than you think is my guess.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com