Is Inflation Turning Hyper?

Bob Moriarty, Michael Oliver and Quinton Hennigh are this week’s guests.

Alasdair Macleod’s September 15 weekly essay was titled “Inflation is Turning Hyper.” Of course, that is nonsense to masses of Americans who put their faith in their god, The Federal Reserve Bank. And indeed, given the Fed’s history in the past, it has kept its foot on the monetary breaks until something very serious is broken that threatens to take the entire system down. Already rich hedge fund managers are warning that is exactly what the Fed will do. On the other hand, the Biden Administration is spending money like drunken sailors and as such working against the Fed’s efforts to reduce inflation. A monetary collapse will most certainly cause prices to fall and perhaps dramatically. But despite these major credit cycles of collapse, debt continues to rise exponentially such that the supply of money is indeed hyperinflating. So how will all these monetary and market dynamics play out? Is Alasdair’s warning of a hyperinflation something to be concerned about?

Bob Moriarty gives his views on the inflation issues and discusses how sanctions against Russia are causing some of the worst financial and living conditions in Europe in many years. Michael Oliver’s views from his technical vantage point were shared. Quinton Hennigh provides an update on the evolving gold exploration program in Japan that Irving Resources is teaming up with Newmont Mining to develop.

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Robert Moriarty was born in New York in 1946. He began training as a military pilot in 1965 and became the youngest Naval Aviator during the Vietnam War in 1966. With two years in Vietnam and some 832 missions in combat, he left the Marine Corps in 1970. He worked in computers for a few years before beginning a 2nd career as a ferry pilot delivering small airplanes all over the world. He made over 240 ocean crossings mostly in single engine airplanes. He holds 14 international aviation records.

Bob and Barb Moriarty brought 321gold.com to the Internet in 2001. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors.

Quinton Hennigh is a member of the Crescat Capital management team and a director. He serves Crescat as the firm’s geologic and technical advisor. He is a globally renowned exploration geologist with 30+ years of precious metals mining experience. Dr. Hennigh began his career in gold exploration after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. Early in his career he worked for major gold mining companies including Homestake Mining (now Barrick Gold Corp.), Newcrest Mining, and Newmont Corp. Later, Dr. Hennigh founded Novo Resources Corp (TSXV: NVO), acting as its CEO and currently serving as Non-Executive Co-Chairman. He has played a key role in major global discoveries such as Novo’s Pilbara assets in Western Australia, First Mining Gold’s Springpole gold deposit in Ontario, Kirkland Lake Gold’s Fostervillegold mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One’s Tuvatu gold project in Fiji, among many 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.