Where have the Buyers of 100 Million dollar Homes Gone? - a podcast by Jay Taylor

John Rubino replaces Rick Rule who was unable to join the show today. Eric Coffin will talk about five exciting junior gold exploration plays. If infinite amounts of money can be created out of thin air, then why in the world are inventories of $100 million homes starting to pile up? Why is Japan now showing signs of panic as they demand even more QE? Why are fellow G7 members ignoring Prime Minister Shinzo Abe’s please for help? Surely Paul Krugman who believes wealth is created by governments and central bank printing presses and not by hard work, saving, and honest capital formation must have an answer. But if not, perhaps John Rubino who most certainly does not agree with Krugman may be able to explain that Nobel prize winner’s perverted thought process. Michael Oliver is unable to be with us this week but your host will pass along some of his latest views on the gold and equity markets.

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