America’s Economic Addiction to Constant Wars and Crisis

Alasdair Macleod and Michael Oliver return as guests on the radio program.

As China seeks to grow its economy through trade and a sound gold-based monetary system, America keeps its economic heart beating by creating constant wars and economic crisis that drive  international capital back to “safe haven” U.S. Treasuries. How much longer can the heart of an insolvent U.S. empire continue to beat given its massive debt, depletion of gold reserves, the reversal of foreign capital out of Treasuries, a dwindling social security trust fund and the absence of QE from the Fed? What happens to the dollar and the price of gold when the only politically viable policy is to engage in a hyperinflation of the dollar even as China expands its economy and global influence through trade and a currency with massive gold backing? Those and more questions were addressed by Alasdair.                                                            

Michael provides his latest technically-based views on key markets. Jay talked about some of his top junior gold share picks as well.

Alasdair Macleod runs, a website dedicated to sound money and demystifying finance and economics. Alasdair has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation.  His weekly articles written for GoldMoney are posted on his blog at


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 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.