Euthanasia of Capitalism by the Federal Reserve Bank

Keith Weiner, Michael Oliver and Chris Taylor return as guests on this week’s program.

John Maynard Keynes said, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” Most suggest Keynes was speaking of inflation as the destroyer of society. Keith argues he really meant declining interest rates. Keith explains how he reached that conclusion, how lower rates are leading to impoverishment around the world and what you can do to protect your wealth from that process.  

Investing in companies that discover major gold deposits is one sure way to preserve wealth and Chris’ Great Bear Resources is doing that in spades. He informs us on GBR’s spectacular gold discovery. Michael updates us on his momentum and structural indicators for gold and other key markets.

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Keith Weiner, PhD, CEO & Founder of Monetary Metals is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. He is the founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as President of the Gold Standard Institute USA. He earned his PhD from the New Austrian School of Economics. 

 

Chris Taylor is a structural and economic geologist and mining entrepreneur with over 20 years of experience with both producers and exploration companies. He is President and Director of Great Bear Resources Ltd since December 2010. He is currently Chairman of TSX.V listed Dunnedin Ventures and formerly a geologist with Imperial Metals, Inc., a TSXV company from 2004 to 2009. Mr. Taylor graduated with a Bachelor of Science honors degree in Earth Sciences in 2000, and a Master of Science degree in Structural Geology from Carleton University in 2003.

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.