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Our Bankrupt Empire. What Will It Mean For The Dollar And Gold?

Jay Taylor profile picture
Jay Taylor

Daniel Oliver and Michael Oliver return as guests on the radio program this week.

Dan Oliver helps us focus on the end game for the empire and the dollar currency that has enabled it to expand and what the dollar's inevitable demise will mean for gold and other tangible markets. As always, Michael Oliver helps tie in market realities with the fundamental theories and outlook voiced by Daniel Oliver.

Dan Oliver is the Director of Committee for Monetary Research and Education, a non-profit educational organization that seeks to promote greater public understanding of the nature of monetary processes and of the central role that a healthy monetary system plays in the well-being, indeed, in the very survival of a free society. He is also the founder and Managing Director of Myrmikan Capital, LLC. Dan was previously a Partner at Bearing Capital LLC, an asset management firm specializing in Latin American energy, commodity and infrastructure projects.

Mr. Oliver has a MBA from INSEAD (2004-2005), a JD, Law from Columbia University of Law (1998-2001) and a BA, Philosophy, English from Vanderbilt University (1992-1996).

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 1980's Oliver 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. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology. In 1992 he was asked by the Financial VP and head of Wachovia Bank's Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management

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Jay Taylor profile picture
Mr. Taylor is editor of J Taylor’s Gold & Technology Stocks newsletter and host for the popular radio show, Turning Hard Times into Good Times. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. In 1981 he began publishing North American Gold Mining Stocks, which preceded his current newsletter. His continuing interest in gold mining prompted him to study geology at Hunter College in New York City, supplementing his MBA in Finance & Investments from Baruch College, NYC. Throughout his career Mr. Taylor worked as a commercial, then as an investment banker. Most recently, he worked in the mining and metals group of ING Barings in New York. Prior to that he was involved in the first gold loan made in modern times in the U.S. to Amax Minerals, a 250,000 oz. loan facility led by Citicorp. In 1997 he resigned from ING Barings to devote himself full time to researching mining & technology stocks, writing his newsletter and assisting companies in raising venture capital. Along with the publishing of his newsletter he currently also hosts the web-based radio show “Turning Hard Times Into Good Times.”

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Comments (15)

mr charles profile picture
So Mr Venture ... let me ask ... r U in the Mind-set that Yuan will eventually be the Reserve Currency
Ventureshadow profile picture
My impression is that far too many Yuan have been printed by the Chinese government for it to serve as a reserve currency. The question is rather: will the Yuan remain a competent currency or will it be severely devalued?

Consider this: the Chinese government has forbidden gold mined in China to be exported. They'd rather buy the gold with freely printed Yuan than let it leave. In this way the Chinese government gets the gold for free. What is wrong with this picture?
Won't the SDR essentially become the new global reserve currency? The yuan will be an 'ingredient' in the SDR 'stew'.
Spot the DJ profile picture
All countries are able to print money, the only difference is whether they can manage the exchange value to other countries.
Zimbabwe printing didn't work out too well but plenty of other countries have managed it well behind the scenes.

Just hit the print button, let it run and spread it around with a few corporate accounts. But be sure not to take too many pictures holding the freshly minted bills.
Gosh, Oh My! profile picture
Cash has always been, "King"!
Gold and Silver are also Cash.
Simply observe the signs along streets World Over offering to buy PM's!
Ventureshadow profile picture
The latest issue of Grant's Interest Rate Observer is an eye-popper. The basic message is that China has expanded its currency way far more than the USA and Japan have done. The Chinese money supply is the largest in the world, several times that of the USA, and so is their debt. It is no strain for the Chinese government to buy and own US Treasury bonds, they just print the Yuan for it. Everything that has been said about the US Dollar as meaningless fiat currency goes for the Chinese Yuan several times over. Eventually the value of this excess money will be destroyed and it will be ugly for everyone. Even those who hold gold and silver.
Easy girls...what you seek can be found at myrmikan.com. BLUF...the $ is a goner and gold is going hyperbolic. Nothing new here and timing is everything. Good bucks to all.
Your information is frequently of value.The video format is a time wasting distraction for the viewer.It would be very helpful and perhaps less costly to you to publish a written format.Thanks for your hard work.Know that you believe that video is the best presentation
Third. Do not throw a video up without bothering to make use of a transcript. I simply skip like the others, leaving you with only the toilet queens who have time for the video. Know your audience and save the bother of posting. Won’t comment again.
I suspect 'toilet queens' are cruising for something other than gold promotion videos...
fishfryer profile picture
Not a fan of watching videos, a transcript would be helpful. But I'm sure it was full of good info...two thumbs up!
Agreed, FF....I do not have the time to watch most videos. I can scroll down transcripts to find the central core meaning of most articles.
yeti786 profile picture
Joining the chorus...
Do consider text version as well, please.
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