Negative Interest Rates & A Cashless Economy. Dictatorship Arrives!

Jeff Deist, Michael Oliver & Ron Perry return as guests on this week’s radio program.

As Keynesian economic pathology digs the global economy deeper into a depression, out of desperation and denial, Keynesian religious zealots like Larry Summers and Paul Krugman champion negative interest rates laws making cash ownership a felony. From the viewpoint of Austrian economics, we asked Jeff to opine on what impact these anti-free market policies will have not only on our economy but on personal liberty and what impact they may have on stocks, bonds and precious metals.

Michael talked about what his latest structural and momentum models are saying about those same markets and Ron Perry updated us on the progress of Quebec gold mining company, Metanor Resources.

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Jeff Deist-newJeff Deist is president of the Mises Institute, an educational organization dedicated to promoting Austrian economics, freedom, and peace. Jeff previously worked as a longtime advisor and Chief of Staff to Congressman Ron Paul. Jeff is also a tax attorney, having represented high net worth individuals, partnerships, and corporations in a wide variety of tax matters. His tax career includes time at two different Big 4 accounting firms, specializing in tax issues arising from mergers and acquisitions for private equity firms.

Michael OliverJ. 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.

Ronald PerryRonald Perry is a Director and Treasurer of the Metanor Resources since March 2007. Mr. Perry is a chartered accountant and holds a graduate degree in accountancy from Concordia University, and a bachelor degree in commerce with a major degree in both accounting and business administration. Mr. Perry is also member of the Audit Committee of the Company.

Mr. Perry has almost 30 years of accounting, financial and entrepreneurial business experience in high technology, venture capital and merchant banking companies. Since the year 2000, Mr. Perry has been the Founder and President of Briolijor Corporation, a financial consulting company to both private and public corporations. Mr. Perry has been involved in all facets of business including statutory reporting, internal controls, legal aspects as well as all administrative responsibilities.

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.