The Dollar’s Future and Yours. Ready for a Brave New World?

James Rickards, Michael Oliver and Peter Tallman return as guests on this week’s radio program.

In 1971 Richard Nixon detached gold from the dollar and through diplomacy & military might created dollar hegemony. Foreign wars and socialism could now be paid for via the dollar printing press. Politicians argued that endless trade deficits were immaterial because U.S. exceptionalism allowed America to do what it wanted. If foreign leaders refused to accept dollars for commerce as Saddam and Gaddafi did, the U.S. used its military might and CIA for regime changes. Even the strongest adversaries like China and Russia cannot compete against U.S. weapons of mass destruction, so they are increasingly engaging in currency wars of their own to protect their national sovereignty. Is the dollar in trouble as a result? If so, how will that impact your life and investments?

Peter will update you on Klondike Gold’s exploration of a seemingly major gold deposit in the making and Michael will update us on his latest gold momentum readings.

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James Rickards is the author of the bestseller, Currency Wars, (Penguin, 2011), and The Death of Money (Penguin, 2014). He is a portfolio manager at West Shore Group and a partner in Tangent Capital Partners, based in New York. He is also an investment advisor and has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM by the Federal Reserve. His clients include institutional investors and government directorates. He has been interviewed in The Wall Street Journal and has appeared on CNBC, Bloomberg, Fox, and NPR and is an Op-Ed contributor to the Financial Times, New York Times and Washington Post. He is an advisor on capital markets to the Office of the Secretary of Defense. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS and a B.A. from Johns Hopkins.

Peter Tallman, P.Geo, is President, CEO and Director of Klondike Gold Corp.  Mr. Tallman is an experienced mining entrepreneur and Professional Geologist. He has 35 years experience in the mining industry. Mr. Tallman has worked in Canada, Chile, Mexico, and Australia. His career has included the grassroots discovery and delineation of three mineral deposits, two of which have been mined, diversely including one gold, one antimony, and one zinc deposit. He is currently Director of Fiore Exploration Ltd. which is focussed on South America exploring for gold in Chile. Mr. Tallman has held either Founder, Director, and/or senior management positions at a number of publicly listed Canadian mining companies continuously over the past 20 years.

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