Are We Entering a Secular Bear Market in U.S. Treasuries?

David McAlvany and Michael Oliver are returning guests on this week’s program.

A massive defiance of nature’s markets has been underway thanks in large part to the big lies of Keynesian economic theory. Keynes suggested that saving isn’t important and that governments and their central banks can print money to create wealth. That theory was tested in spades after the 2008-09 financial crisis took the world to the edge of wealth destruction on a level never seen before in modern times.

Central banks are recognizing the need to reverse course by downsizing their balance sheets. David explains why doing so will be next to impossible and what requires individuals more than ever to own gold if they wish to preserve wealth. And Michael returned to provide his latest insights into stocks, bonds, gold and commodities.  

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David McAlvany is the President of the McAlvany Financial Companies, McAlvany Wealth Management and ICA, a precious metals brokerage firm. He has been a featured speaker on radio and around the country analyzing world events and their impact on the global economy and financial markets. David can be heard weekly on his market commentary at www.mcalvany.com David is a graduate of Biola University and an associate member of Keble College, Oxford University, where he studied philosophy and political theory. He then went on to achieve honors as a top salesman with the Southwestern Company and gained extensive business expertise with Morgan Stanley, in California. His international research has given him a global perspective of developments around the world, which helps him avoid focusing too narrowly in his analysis of investment and risk in any give asset category. His interests are varied and he spends his free time with his wife and their children in Colorado.

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.