Next Week’s Guests

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?

We will ask Bob Moriarty for his views on these issues and perhaps have him to discuss once again the account of how German hyperinflation evolved, documented in “The Money Revelation” by Alfred Lansburgh. Michael Oliver’s views from his technical vantage point will also be sought. Quinton Hennigh is scheduled to provide an update on the evolving gold exploration program in Japan that Irving Resources is teaming up with Newmont Mining to develop.  

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. 

Previous Week’s Guests

An Asian Bretton Woods? Where Does that Leave America?

Alasdair Macleod, Michael Wood and Patrick Highsmith return.

The financial war between Russia, with China’s tacit backing on one side, and America and her NATO allies, on the other, has escalated rapidly. It appears that President Putin was thinking several steps ahead when he launched Russia’s attack on Ukraine. We have seen sanctions fail. We have seen Russia achieve record export surpluses. We have seen the ruble become the strongest currency on the foreign exchanges. We are seeing the West enter a new round of European monetary inflation to pay everyone’s energy bills. The euro, yen, and sterling are already collapsing — the dollar will be next. From Putin’s point of view, so far, so good. Russia, has progressed her power over Asian nations, including populous India and Iran, and has persuaded Middle Eastern oil and gas producers that their future lies with Asian markets, not Europe. Russia is subsidizing Asia’s industrial revolution with discounted energy. Thanks to the West’s sanctions, Russia is on its way to confirming Halford Mackinder’s predictions made over a century ago, that Russia is the true geopolitical center of the world. There is one piece in Putin’s jigsaw yet to be put in place: a new currency system to protect Russia and her allies from an approaching western monetary crisis.

Alasdair believes and will explain why he thinks Putin is now assembling a new gold-backed, multi-currency system by combining plans for a new Asian trade currency with his new Moscow World Standard for gold. Michael Wood will talk of Reyna Gold Corporation’s emerging gold discovery in Mexico and Patrick is expected to comment on drill results that could launch a share price moonshot for Timberline Resources.  

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 goldmoney.com/research/goldmoney-insights Because of his deep insights into underlying market dynamics, Alasdair is one of the most frequent guests on Turning Hard Times into Good Times.

Michael Wood holds a BSc. in Economics from Cardiff University and an MBA from Hong Kong University of Science and Technology. He started his career in Wealth Management in London, before joining the Metropolitan Police, where he progressed to be a detective conducting Counter Terrorism Investigations for Scotland Yard’s Counter Terrorism Command (SO15). Mr. Wood is currently the Chief Executive Officer of Reyna Gold, which holds a portfolio of gold projects in Mexico; and Chief Financial Officer and director at Reyna Silver Corp. He is also a director at Emerging Markets Capital, a Hong Kong based private investment and advisory firm focused on natural resources.

Patrick Highsmith is Chairman of Firefox Gold Corp. A professional geologist and mining executive with 29 years of experience in exploration, operations, business development & leadership roles for companies, including: Rio Tinto, BHP Billiton, Newmont, Lithium One, Pure Energy Minerals, and Fortescue Metals Group. Mr. Highsmith has worked on more than 250 projects around the world, leading teams through creative transactions, new discoveries, scoping, and prefeasibility studies. He is experienced in the capital markets, having been associated with all manner of financings and transactions. Patrick has been targeting gold in Finland since 2005, and has been integral in building FireFox. He is also the Pres.& CEO of Timberline Resources, a mineral exploration and resource development company focused on gold and copper discoveries in north-central Nevada, USA.