Seeking Alpha

Why Dollar Hegemony May Be Nearing Its End

Michael Oliver and William Engdahl return as guests on the radio program.

China, Russia, India and other "rogue" nations are rising economics powers. David Stockman visits February 20 to tell us why the U.S. economy is in deep trouble, thanks to its massive indebtedness. Meantime, massive global infrastructure is being built to connect populous Asian nations with countries rich in natural resources, even as China and other powers decrease their purchases of U.S. debt and reduce trade with the U.S. At no time since 1971, when the petrodollar arrangement replaced a gold-backed dollar, has the U.S. dollar been so vulnerable to losing its world currency status. Engdahl discusses the rising economic status of those major nations and why they are now a threat to the U.S. dollar.

Oliver shares his latest on gold and other key markets.

William Engdahl is an award-winning geopolitical analyst, strategic risk consultant, author, professor and lecturer. After earning a degree in politics from Princeton University and graduate study in comparative economics at Stockholm University, he worked as an economist and investigative freelance journalist in New York and Europe.

He has been researching and writing about the world political scene for more than thirty years. His various books on geopolitics have been translated into 14 foreign languages from Chinese to French, from German to Japanese.

His most recent works trace the strategies and events that led to the rise of the US as an international superpower after 1945, a new kind of empire not based upon sole military occupation of land, but control of vital resources (finance, the basic food chain, energy, in particular oil) as the basis for what would become the greatest concentration of power in history after the collapse of the Soviet Union.

Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, NYC. He studied under David Johnson, head of Hutton's Commodity Division and chairman of the COMEX.

In the 1980s, he began to develop his own momentum-based method of technical analysis. In 1987, Oliver, along with his futures client accounts (Oliver had trading POA), technically anticipated and captured the Crash. He began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992, Oliver was asked by the Financial VP and head of Wachovia Bank's Trust Department to provide soft dollar research to Wachovia. Within a year, he shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.