America’s Declining Power, the Dollar and Gold

Richard Maybury and Daniel McAdams return this week on the radio program.

Thanks to America’s flawed foreign policy, Russia has gained and the U.S. has lost influence in the oil-rich Middle East. Meantime, the U.S. is entering the South China Sea to constrain China, Russia’s closest ally. Under their leadership, the BRICS are seeking to overthrow the U.S. dollar as the world’s reserve currency and to deter the U.S. military from threatening their sovereignty.

With the U.S. dollar backed by petroleum, and the U.S. losing its power in this major oil producing region of the world, what might that mean for the dollar’s purchasing power and for the price of gold? Insights into these topics were discussed by two geopolitical experts, Daniel McAdams and Richard Maybury. With gold seeming to be in a bottoming process, gold mining companies are starting to look very attractive again.

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Richard MayburyRichard J. Maybury is the publisher of U.S. & World Early Warning Report for Investors. He has written several entry-level, common sense books on United States economics, law, and history. His writing style is mostly in an epistolary form, usually as an uncle writing to his nephew, answering questions. Maybury had taught economics in high school. Failing to find a book with a clear explanation of economics, he wrote one himself. Some of his books include Uncle Eric Talks About Personal, Career & Financial Security—a book that is basically the foundation for his other books about the model perspective; Higher Law, Whatever Happened to Penny Candy?—a book that explains the history of the United States economic model and how it was based on free-market Austrian economics; and Whatever Happened to Justice?—about his naturalist philosophical viewpoints regarding the foundations of America’s legal system, British Common Law, the law of the Franks, and early Christian Ireland.

Daniel McAdamsDaniel McAdams is Executive Director of the Ron Paul Institute for Peace and Prosperity. He served as foreign affairs advisor to US Congressman Ron Paul (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. In the 1990s he worked as a journalist based in Budapest, Hungary, including as editorial page editor of the Budapest Sun. He also served as special rapporteur for the British Helsinki Human Rights Group while based in Europe, monitoring human rights and elections on the ground in various contentious states, including Albania during the 1996-1998 civil unrest, Montenegro, Georgia, Armenia, Belarus, Croatia, and Slovakia. He was a Phillips Foundation Journalism Fellow (1998-2000) and an American Swiss Foundation “Young Leader” (2006). He holds a BA in English from the University of California at Berkeley and completed coursework for a Master’s in international relations.

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.