Are We Facing 1970s Stagflation in Spades?

John Rubino, Michael Oliver and Nav Dhaliwal return as guests on this week’s radio program.

As Alasdair Macleod has noted, we are at that point in the credit cycle when money created by the Fed is finally leading to increased economic activity and triggering rising wages and higher commodity prices. Michael’s work suggests we are destined for rising commodity prices and a stock and bond bear market. At the same time President Trump’s tariffs will lead to higher U.S. prices.

In the 1970s the Fed attempted to counter inflationary pressures by printing more money, which lead to a serious inflationary problem. Unlike the 1970s the current Fed is on a restrictive monetary path but how much pain can be endured before political pressures force the Fed to again add monetary fuel to the inflationary fires? What will all this mean for stocks, bonds and precious metals?

Oliver and Rubino give their opinions on the topic of the day and Mr. Dhaliwal will lay out the progress of Bonterra on its way to outlining a multi-million ounce high grade gold deposit in Quebec.

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John Rubino runs the popular financial website He is co-author, with GoldMoney’s James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street(Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

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

Nav Dhaliwal, President and CEO of Bonterra Resources Inc., brings a wealth of entrepreneurial, sales, and financing experience. He is particularly adept at nurturing early stage companies through their critical phases of evolution, having founded a number of companies over his career. Mr. Dhaliwal is also very experienced in corporate development, corporate communications and investor relations, bringing valuable business relationships with international analysts, brokers and investment bankers from Canada, the United States and Asia.

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.