A Bankrupt U.S. & NATO. What Does It Mean For Gold?

William Engdahl, Ivan Bebek and Michael Oliver make return visits on the radio program this week.

The U.S. and NATO are bankrupt and there is little hope for their financial restoration because their monetary system is built on the sinking sand of debt. As we enter 2016, hints of negative interest rates and a rising gold price tell more Wall Street pros that the Fed has no cure for our depressed economy.

Relating to his recent book, “The Lost Hegemon: Whom the Gods Would Destroy,” William discusses America’s geopolitical vulnerability given its Achilles heel—its debt based monetary system. He also explains how it compares with a monetary system being built between Russia and China that is based on an asset—gold.

Gold has gotten off to a strong start in 2016 but will it continue? We asked Michael for his latest informed views on that question. Then the highly successful gold mine entrepreneur, Bebek tells us how he and his team are planning to make Auryn Resources their biggest success yet.

Audio
You Tube

William EngdahlWilliam 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.

Ivan BebekIvan Bebek, the Executive Chairman and Director of Auryn Resources, has over 15 years experience in financing, foreign negotiations, and acquisitions in the mineral exploration industry. His understanding of the capital markets and ability to position, structure and finance companies that he has been associated with has been instrumental in their successes. Mr. Bebek formerly was the President. CEO and co-founder of Cayden Resources Inc., which was sold to Agnico Eagle Mining Limited for $205 million in November 2014, a co-founder and a Director of Stratton Resources Inc. and a co-founder of Keegan Resources Inc. (now Asanko Gold).

Michael OliverMichael 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 clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. 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. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.