The Geopolitical Future of the Petro Dollar & Gold

F. William Engdhal is a returning guest on the radio program and Michael Oliver makes an appearance as a frequent contributor to the show.

Since Nixon removed gold from the dollar in 1971, the dollar’s strength has been maintained by a U.S. military that has enforced the petroleum-based dollar for world trade. That has allowed the U.S. to print endless amounts of money used for military encroachment on Russian and Chinese sovereignty. Naturally that has elicited a reaction from both countries to the point where World War III is perhaps more likely now than during the Cold War.

What few realize is that the base cause of this rising conflict is the threat to Russian and Chinese sovereignty made possible by U.S. dollar hegemony backed by U.S. and NATO military force. Meantime, the BRICS are building up gold reserves as the U.S. gold is mostly gone. How will this currency war play? No one is better equipped to opine on that topic than Engdhal. And no one is better equipped than Michael Oliver to opine on the near and intermediate term prospects for gold and the dollar.

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William EngdahlF. William Engdahl is an award-winning geopolitical analyst, strategic risk consultant, author, professor and lecturer. After earning a degree in politics from Princeton University and graduate study in comparative economics at Stockholm University, he worked as an economist and investigative freelance journalist in New York and Europe.

He has been researching and writing about the world political scene for more than thirty years. His various books on geopolitics have been translated into 14 foreign languages from Chinese to French, from German to Japanese.

His most recent works trace the strategies and events that led to the rise of the US as an international superpower after 1945, a new kind of Empire not based upon sole military occupation of land, but control of vital resources (finance, the basic food chain, energy, in particular oil) as the basis for what would become the greatest concentration of power in history, after the collapse of the Soviet Union.

Michael Oliver-newJ. 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.