Inflation: This Time Is Different

Alasdair Macleod returns and Peter Ball visits for the first time on this week’s radio program.

Deflationist Mish Shedlock recently reiterated reasons why he expects falling prices during what is emerging as the most serious economic decline since the 1930s. Deflationary forces in a depression are well established but the case for rising price levels hinges on dollar vulnerability.  Now the Fed needs to fund massive U.S. deficits from money created out of thin air. But unlike the 1930s, the U.S. gold-backing of dollars is a tiny fraction of the 1930’s backing. 

Alasdair believes the dollar’s days are numbered not only as the world’s reserve currency but even as a useful domestic currency. Alasdair makes the case for why Americans may be in for a rude awakening of a massively higher cost of living and the need like never before to own gold and silver for wealth preservation.

Peter introduces NV Gold, another exciting Quinton Hennigh’s related gold exploration company with projects in Nevada.

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Alasdair Macleod has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation and Head of Research at Goldmoney.  His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. His weekly articles written for GoldMoney are posted on his blog at Because of his deep insights into underlying market dynamics, Alasdair is one of the most frequent guests on Turning Hard Times into Good Times.

Peter Ball brings over 30 years of experience as a mining professional at all levels of leadership. Throughout Mr. Ball’s career, he has held various senior management roles with international precious metals mining companies in corporate finance, securities trading, mine engineering, business development, corporate communications, public relations and marketing functions throughout North and South America, Asia, and Europe. Mr. Ball began his career in the late 1980s working as a mining engineer, a technical representative, and in various management and senior executive roles for numerous companies including Redstar Gold, Columbus Gold, Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado Gold Corp. Mr. Ball is a graduate of the Haileybury School of Mines, Georgian Business College, UBC’s Canadian Securities Course, is a member of CIMM and currently Director of Searchlight Resources Inc. and Bullion Gold Resources Corp.

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.