Jim Payne visits on the radio program for the first time, and John Rubino returns.
The spoils of WWII enabled the U.S. to force the world to accept the petrodollar in place of a gold-backed monetary system. But in 2015, the BRICS set up their own competing system that now poses a major threat to the existing monetary and geopolitical order. Thumbing their noses at the petrodollar, they have imported huge amounts of gold and set up their own competing banking system. And now, with Russia gaining influence in the oil-producing Middle East, the petrodollar's days may be numbered as the world's leading reserve currency.
With a declining dollar, Americans may be facing dramatically higher prices for oil and other commodities. Given that potential, we'll ask John how we should prepare our investments for 2016? If oil prices begin to increase, Jim Payne's dynaCERT and its proven HydraGenTM provide a partial solution. Not only does it reduce fuel consumption, but it also reduces carbon emissions in the process.
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. He currently writes for CFA Magazine.
Jim Payne is Chief Executive Officer, dynaCERT Inc. Mr. Payne also serves as chief executive officer of his privately held consulting, project management and real-estate development company operating in the GTA and surrounding areas. Mr. Payne graduated from St. Clair College in Construction Engineering, Project Management and Estimating in 1974. He has successfully built and managed his own private companies for more than 38 years. This provides Mr. Payne with years of experience in accounting, business leadership, and the legal aspects of governance. Over the last decade Mr. Payne has taken his natural networking skills and built on them to create strong team dynamics that lead to success and generate movement. With a strong leadership presence, Mr. Payne is leading dynaCERT in a way that has helped to streamline corporate activities, generate growth, form new partnerships, and bring the corporate vision to a reality.