Dealing with the New Great Depression

Jim Rickards, Dr. Quinton Hennigh & Michael Oliver return as guests on this week’s program.

Denial is a state of mind used to avoid dealing with reality. We, Americans, have refused to deal with the mathematical reality & systemic pathology of piling debt on top of debt, much of which is owed to foreigners. After each market crash, neurotic policy makers have applied the same unsuccessful remedies while somehow expecting different results. Now America and its abusive currency are approaching the end of the road. COVID was the nail in the dollar coffin that has destined the dollar to the dustbin of history and ushered in the next Great Depression. There will be winners and there will be losers in this emerging tragedy.

Jim gives suggestions on how we might improve our chances of joining the winners. Michael provides his latest momentum indicators for key markets and Quinton introduces Eloro Resources, a company he believes has an opportunity to outline a world class gold deposit.

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James Rickards is the New York Times bestselling author of The Death of Money and Currency Wars. He is the editor of the newsletter Strategic Intelligence and an advisor on international economics and financial threats to the Department of Defense and the U.S. intelligence community. He served as a facilitator of the first-ever financial war games conducted by the Pentagon. He lives in New Hampshire. For more information, visit www.jamesrickardsproject.com and follow @JamesGRickards. 

Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold.  In 2010, Dr. Hennigh helped start Novo Resources and began assembling its Australian exploration portfolio. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.  Currently is also a Director for Cuya Silver Corp., Irving Resources, and Technical Advisor for Lion One Metals, Eskay Mining, Eloro Resources and others.

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.