How Much Longer Can the Petrodollar Survive?

Jerry Robinson and Michael Oliver return and new guest Nav Dhaliwal joins us this week on the radio program.

In 1971 Nixon detached gold from the U.S. dollar and the international monetary system. To maintain demand for a now intrinsically worthless dollar, the mighty U.S. military was used to demand all international oil sales be paid for in dollars. With the ability to print trillions of dollars, not only did Americans live beyond their means but funded the greatest military incursion/regime change, empire building the world had ever known.

But now adversarial nations like China, Russia and Iran are threatening the petrodollar hegemony by establishing their own trading and banking infrastructure that excludes dollars for trade. Jerry explains why a dollar crash may be imminent, what it will mean for your investments and how to protect yourself.

Nav talks about Bonterra Resources’ emerging multi-million oz. gold discovery in Quebec and Michael provides his usual insights into key financial markets.

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Jerry Robinson is an economist, published author, columnist, conference speaker, and the editor of the financial website, In addition, Robinson hosts a weekly radio program entitled Follow the Money Weekly, an hour long radio show dedicated to deciphering the week’s economic news and has appeared on numerous TV and radio programs, including FoxNews, to discuss global economic topics. He wrote the best-selling book, “Bankruptcy Of Our Nation: 12 Key Strategies For Protecting Your Finances In These Uncertain Times.” (New Leaf Press, 2009) Robinson has spoken on the topics of money and economics around the globe, including the U.S., Israel, and Greece. He holds a Bachelor’s degree in Economics with Honors from the University of Tulsa. He has taught a course in macroeconomics at the college level. Robinson is also the Editor-in-Chief of the popular economic newsletter, Follow the Money Quarterly.

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.

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.