No, Inflation Is Not Rolling Over

David Stockman and Nicholas Rodway return. Peter Krauth, author of “The Great Silver Bull,” visits for the first time. Much to the surprise of Western leaders, consumer inflation has reared its ugly head for the first time in a major way since the 1970s. At first, they wrote it off […]

Good and Evil Inflation

Main Street got what they consider “good inflation” this week. Stocks and speculative Bitcoin were up, while “evil” inflation like gold, precious metals, and commodities were down. With this “risk off” mentality there was no need for safe havens like gold or U.S. Treasuries. The dollar surged to 1.07 on […]

What Happens if Russia Wins the Financial War?

Alasdair Macleod, Michael Oliver and Michael Wood return on this week’s program. So far, sanctions have backfired on those described by Vladimir Putin as the unfriendly nations. It is setting in train a series of events likely to undermine the whole western financial system, as prices rise, driving interest rates […]

Talk is Cheap

Talk is cheap. But now when the rubber hits the economic road, let’s see how resolute the Fed is in fighting inflation. Evidence of the pain of just slightly increasing interest rates is seen in the Key Market Metrics displayed above left. The only safety net this week was U.S. […]

The handwriting is on the wall!

We are now in the midst of a “Fourth Turning,” meaning that we are facing massive changes and, so far, it doesn’t seem as though it will be for the better in terms of freedom and economic prosperity within these four dimensions of time and space. In my strongly held […]

How Are Those Sanctions Working Out, Mr. Biden?

Robert Moriarty and Chen Lin Return. Michael Spreadborough, the Executive Co-Chairman of Novo Resources visits for the first time. On March 1, as Russia began invading the Ukraine, David Stockman said on this show, “Sanctioning Russia and taking away their ability to use the SWIFT system would be crazy as […]

Supply Side Shock

So, this week we had “good inflation” with stocks and bonds rising and commodities falling. With the S&P down “only” 17.93% this year, thanks to a massive rally today, you can say that stocks have emerged from bear market territory. But the bear market is hardly over. Actually, if Friday’s […]

Why PhD Economists Don’t Really Understand Inflation

Why PhD Economists Don’t Really Understand Inflation 2022/6/21 1. Jay Introduces the title for the show, provides sponsor updates and Michael Oliver shares his latest thoughts on major markets based on his structure and momentum models. Download 2. Patrick Highsmith, a Director for Timberline Resources and professional geologist, […]

Buyer’s Remorse Sinks Markets

The Fed Goldilocks propa­ganda worked on the day of the rate hike but when investors woke up the next day, a stare at reality caused a severe case of “buyer’s remorse.” Long-dated Treasuries fell 2.1% and the S&P plunged 8.54% this week. Speaking of drama, note the 31+% decline in […]

Alasdair Macleod, John Rubino and Quinton Hennigh are this week’s guests.

Alasdair Macleod, John Rubino and Quinton Hennigh are this week’s guests. Recently, Doug Noland, the portfolio manager for the McAlvany Management Tactical Short fund, wrote the following: “History suggests today’s festering issues in credit derivatives and structured finance will prove woefully worse than anyone today appreciates. And there is little […]

Investing in a Rapidly Changing World

Eric Coffin, Michael Oliver and Dr. Quinton Hennigh return as guests on this week’s program. Few investors and letter writers combine such an intimate knowledge of the junior gold resource markets and the metals markets in general as Eric Coffin. He also possesses a brilliant grasp of the interplay of […]

Crack-up Boom?

Are we approaching a “Crack-up Boom?” For those who may not have heard this term before, it is a concept from the Austrian school of economics as discussed by Ludwig von Mises, one of the best-known Austrian school economists. A crack-up boom is the crash of the credit and monetary […]

Why the Risk of Hyperinflation is Real

Doug Noland, Dr. Quinton Hennigh and Anthony Santelli return as guests on this week’s program. In his May 21 Credit Weekly Bulletin, Doug wrote: “Rather than subprime mortgages as the system’s weak link, today it’s “subprime” corporate Credit. History suggests today’s festering issues in Credit derivatives and “structured finance” will […]

How Serious is the Fed about Tightening Credit?

Peter Boockvar and Michael Oliver return as guests. Michael Wood of Reyna Gold visits for the first time. Peter recently stated on CNBC that the Fed is embarking on the most aggressive tightening program in 40 years. In addition, Peter notes that sell side analysts are have not yet begun […]

Getting Ready for Gold

The following chart was put out by on May 20th along with the following notation:   The markets are adjusting to a growth-scare and a recession, both of which are extremely bullish for gold, so much so that when this happened last, gold stocks were the best-performing asset class in […]

Officially In Bear Market

Are we now about to face the mother of all bear markets, which is following the daddy of all bull markets? Apparently with the Dow losing again on Friday, May 20, it is facing the longest losing streak since 1932! And in the view of many Austrian-economic thinkers, it is […]

Can We Profit in a Stagflationary Environment?

Kevin Duffy and John Rubino return as guests in this week’s program and talk about what happens  to the economy when it dips into a recession. Most investors make money in bull markets and lose most of it in bear markets. An exception is Kevin Duffy whose Bearing fund registered […]

A Natural Move Back to Real Money is Underway

The western world is nearing the end of a capitalist system that has created enormous wealth thanks to the false religion of Keynesian Economics. In my recent Vancouver talk, I demonstrated that under the current global monetary system America and the West in general have taken on so much debt […]

Powell thinks it’s “Volker time!” Boy, is he wrong! Near-term gold & silver.

By Michael Oliver OliverMSA.Com May 12, 2022 Too many market analysts, investors, and economists think Volker’s anti-inflation policy is the course now, and they applaud the Fed’s tightening as the solution to “commodity price inflation.” Of course, the false notion prevails that “inflation” only occurs if it exhibits itself in […]

Keynesian Value Destruction

Alasdair Macleod, Quinton Hennigh and Michael Oliver return as guests this week. About the time President Nixon detached gold from the international monetary system on August 15, 1971, he declared that “We are all Keynesians now!” That acceptance of the Keynesian economic religion by President Nixon, subsequent American presidents, and […]