Doug Noland’s Unfolding Instability Thesis

On the radio program this week, John Rubino substitutes for host Jay Taylor who is vacationing.

John will interview first time guest Doug Noland and frequent guest Michael Oliver. Doug Noland believes the monetary experiment of recent decades and most notably zero-interest rates following the 2008-09 financial crisis has set the stage for the mother of all financial disasters. Debt has grown exponentially and income is edging ahead in a very slow linear manner thanks to unlimited amounts of debt-based money creation. Doug explains why an impending financial disaster is virtually certain. But he will provide some ways to greatly reduce personal risk by planning ahead while a calm environment still exists. 

Michael updates listeners to his latest views on key stock, bond, commodity and precious metals markets and, in a prerecorded interview with Jay, Brian Groves, Chairman of Genesis Metals, discusses the progress being made in growing high-grade ounces of gold at that company’s Chevrier project in Quebec.

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John Rubino runs the popular financial website DollarCollapse.com. 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 TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

Doug Noland is currently Portfolio Manager for the Tactical Short Strategy at McAlvany Wealth Management.  Previously, Doug served as Senior Vice President and Portfolio Manager of Federated Equity Management Company, overseeing the Prudent Bear Fund and Prudent Global Income Fund.  Doug served as Portfolio Manager and Strategist of David W. Tice & Associates, Inc. He served at David Tice & Associates, Inc., from 1999 to 2008. Mr. Noland was a Trader, Portfolio Manager and Analyst for short-biased hedge funds, including G.W. Ringoen & Associates, from 1990 to 1998.  He has received an M.B.A. from Indiana University and a B.S. in Accounting and Finance from the University of Oregon.

Brian Groves, CEO and Director of Genesis Metals Corp., has over 30 years of experience in Australia and Canadian mining and exploration. He has been involved in exploration for coal, gold, diamonds and base metals with AMAX Minerals, Noranda and Placer Dome. Since 2003, Mr. Groves served as chief executive officer of two TSX Venture Exchange-listed exploration companies and now is a director of two TSX Venture Exchange-listed companies. He has valuable experience in corporate strategy, capital markets, and project development and permitting.

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.