Taking the Petro Out of the Dollar

On the radio program, Alasdair Macleod and Michael Oliver return this week as guests.

Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. What does that mean for the legitimacy of a U.S. dollar based not on gold but on a vibrant Saudi Arabia that demands all OPEC nations pay for oil sales in dollars? What if Saudi Arabia finds better “friends” like China or India or a gold-backed international currency to satisfy its own economic needs? Those questions and more will be asked of Alasdair.

Michael Oliver’s whose market “plate tectonic shifts” are now coming into focus will update us on what his momentum work is telling him about stocks, bonds, commodities and precious metals at a time when the markets appear to on the precipice of dramatic change.

Audio
You Tube

Alasdair Macleod-newAlasdair Macleod runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. Alasdair has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation.  His weekly articles written for GoldMoney are posted on his blog at http://goldmoney.com/?gmrefcode=jtgts

Michael OliverMichael 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.